Eurusd shorts?Eurusd has once again, approached a very strong resistance level on the HTF.
A small, cute head and shoulders is supposedly forming on the LTF.
A break of the neckline should lead to more downside action....
If not The setup is invalidated...
Observe good risk management.
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EurUsd- Approaching local resistance (update)As I suspected, EurUsd has started to drop after reaching the very important resistance zone around 1.08.
After yesterday's low at 1.0628, the pair has started to correct higher and now is approaching 1.07 zone local resistance.
This can offer a good entry point for short term traders with negation above 1.0750 and a target at 1.06 support
EUR/USD SHORT SELL OPPOTUNITY NOW..
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Eurusd shorts...Eurusd has approached a daily confluence zone of both a daily resistance level and the resistance of a downward channel, this inadvertently sets the stage for shorts....
A breakout of a LTF ascending trend line has occurred and a retest is already underway, this is a good risk to reward trade from my own view.
EurUsd to resume its downtrendIn the past 10 days or so, I said that EurUsd could correct towards 1.08 very important resistance and after the pair reached 1.0786 it started to drop.
At this moment EurUsd is trading at 1.0710 and as long as the 1.08 zone resistance is intact, sell rallies can be a good strategy.
The first target for bears can be 1.06, but, in the medium term, the pair can drop and retest the previous low.
EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY - DXY is currently at 101.632 LEVEL. Also the EUR FEATURE stays at 1.07521 LEVEL. The EURUSD PRICE is currently higher than the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP.
- The EURUSD PRICE may be slightly up to 1.0921 LEVEL. Maybe a change from the USD HIGH VOLATILE EVENTS coming up in the coming days. So stay tuned.
EURUSD BULL RALLY COMPLEX PULLBACK CONTINUES Having bagged for the past 3 weeks in this month on EU we have just smashed our second target last week and price is looking for further break to the upside for more target zones and resistance level, over over 200 pips bagged successfully, slowly but steady price keeps retracing in a complex pattern and we have about 120 pips left to final target, meaning over 300 pips in final target, i would like everyone to join me on this train and get stuckinprofit..
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EURUSD : Fed interest, oversold, historic, simple 4.5Aggressive interest rate hikes HINTS from FED is causing USD to skyrocket.
In contrast, ECB is hinting on stimulus end and interest hikes only after Q3 bond purchasing ends.
But let's be practical.
*RSI 14 on daily is extremely low
*Connecting lows of drop shows support around 1.105
*Horizontal support stretching all the way back to 2003 shows strong support between 1.035 to 1.05, with multiple tests around 2015, 2016, 2020 most recently.
Today's FED interest rate decision may cause volatility to retest ~1.08 as the EUR is extremely oversold.
Consider the hikes from FED are already implemented in the price of the very high USD.
On the other end we have really strong support around 1.035 which may be tested.
Trade safe at time of volatility and always consider the worst case scenario.
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EURUSD Chart Analysis 30th May 20221. If EU continues to respect the uptrendline & the support zone at 1.07060 while forming higher lows, then it might continue to move up to 1.08593.
2. however if eu breaks out the uptrendline & also the support zone, then it might come all the way down to 1.06439 or 1.05928.