Eurusdforecast
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- According to the analysis we gave the previous day, the EURUSD DOWN SIDE WAVE has gone up about 60 ++ PIPS. We hope you get it anyway. As we have given it, the UPSIDE WAVE is moving.
- Currently the MARKET SENTIMENT for EUR is slightly UP SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK being ON. And due to the ECB RATE HIKE SENTIMENT, EUR is being BUYED. It will greatly affect the US dollar to weaken it.
- Definitely, according to the market structure, EURUSD can go down to the support level below. Currently there is a good UP SIDE BIAS in the MARKET for EUR. Accordingly, EURUSD can go down to 0.9858 LEVEL. And after that EURUSD can be BUY to the 1.0259 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it. eurusd
DeGRAM | EURUSD range breaking EURUSD is making higher lows, meaning that bulls are pushing price higher.
The market broke and closed above the psychological number of 1.0000.
It is likely that the price action will form some kind of consolidation pattern around that number.
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EurUsd- Back to main ideaIn my yesterday's comment I said that EurUsd can rise towards 1.01 and, indeed, the pair made an intraday high at 1.0080.
This rally was quickly reversed and now EurUsd is trading again near parity.
Looking at the price action in the past week we see that although the pair seems to stabilize, bulls are unable to take control, and rallies are sold.
From both technical and fundamental point of view, Usd is stronger than its counterpart and I expect a continuation of this aggressive downtrend.
1.01 remains resistance and rallies towards that zone should be sold.
0.97 is a good target for bears.
EURUSD ! downtrend expected to continue.EURUSD has broken the strong support line of 1.00000, showing get support at 0.99000. Now EURUSD currently trading above 100 EMA and strong resistance zone. Looking good short trade. EURUSD can't break this upper trendline !
Reminder: DXY increased and XXX/USD decreased
Euro forecast EURUSD signalNo comment!
This analysis is a continuation of yesterday's analysis.
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DeGRAM | EURUSD sidewaysEURUSD broke and closed below the support, which became resistance.
The market is moving in an ascending channel.
We anticipate a retest of the support and possibly a further downward move .
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EurUsd could correct to 1.01 zoneAfter finding a base at 0.99 and 3 attempts of reqoncuering parity, EurUsd has finally managed to stabilize above this important figure.
Now a second base is formed here and the correction could continue to 1.01 and slightly above.
Short term traders can look to buy near parity with a tight SL under
A bottom has formed in EUR/USD, will it reach 1.04?As predicted in my previous idea, EUR/USD has crossed 1.00 level and is also close to my second
target of 1.0050. But, in this idea, I am doing a daily chart analysis of EUR/USD.
As you can see, a bottom seems to have formed in EUR/USD with the 0.99 level being a strong support
so far. So, the likelihood of a bullish rally to 1.04 can not be ruled out.
So, buyers who have already bought at 0.9950 level or below can continue to hold their buy trades
and keep taking partial profit as EUR/USD continues to go up. I would not recommend new buy trades
at this level. In my opinion, one can buy if EUR/USD dips to the 0.9950 level again.
EUR/USD 4H Chart analysis, minor support intactIn the 4hourly chart of EUR/USD, we can see that the minor support level at 0.99 zone is still intact.
Thus the likelihood of a small relief rally to 1.0050 is still lingering.
That being said, the fundamentals of EURO remains quite weak against the US Dollar. So, bulls must be
careful. Short-term traders can take advantage of the current volatility and trade in both directions.
I would be looking to buy EUR/USD in the support zone near 0.9920 with a small stop loss to keep the risk low.
Targets would be 1.00 and 1.0050 respectively.
DeGRAM | EURUSD consolidation continuesEURUSD is still consolidating at a major support level.
We don't see any new highs or lows. Therefore, we assume that consolidating will continue until we see a new trend conformation.
We expect a retest of the local resistance.
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EurUsd- New low's loomingLast week, EurUsd clearly dropped under parity and reached a low at 0.99.
After this low, we have 3 attempts to reconquer this important figure and all failed badly with Friday's spike leaving a very long-tailed pin bar on our chart.
Both technicals and fundamentals are aligned for a stronger USD and in EurUsd's case I expect a continuation to the downside and a drop to 0.97
I'm strongly bearish as long as 1.01 is intact and selling rallies can be a good strategy
My Previous EurUsd analysis
Is (eur/usd) going to experience a movement as big as 1400 pips?In my opinion, this currency pair is in a 5-wave movement.
Wave 3 of this movement was very large and extended, so one should expect a very large and extended wave 4.
We are currently at the starting point of wave 4.
Along this path, we should wait for positive news and interest rate changes.
Be successful and profitable