DeGRAM | EURUSD channel breaking EURUSD is at the resistance level , and price action could make higher high and higher close.
The market is consolidating in an ascending channel at resistance level.
On the daily timeframe, price printed a pinbar candle, indicating a market level rejection.
We expect a channel breakout and test of at least 38.2 fibo level.
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Eurusdsignal
EurUsd- Sell rallies in search of great R:REurUsd is in a topping mood since Monday and although yesterday has made a new high above Monday's one, gains were very quickly reversed leaving a daily Pin Bar on our chart.
As I explained in my previous analysis over the last months or so, there is no reason fundamentally for a weak USD (or a strong Eur if you wish) and also technically 1.08- 1.1 zone should provide a bulletproof ceiling.
That being said, I will look to sell rallies with a risk: reward of 1:3
EURUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 - THE BIG SHORT Eurusd - H4 - This pair went on a liquidity and stop hunt since the start of this year breaking monthly key levels. Now price has reversed on H4 and same time dollar index still holding its monthly demand zone so I'm expecting a complete reversal on Eurusd price action to heavy bearish from here on.. long term targets 0.90- 0.8500
DeGRAM | EURUSD consolidation continuesEURUSD broke out of the ascending channel, and it is testing the resistance zone and dynamic resistance (trendline).
The market overall is consolidating because, price action is printing HHs and LLs, indicating indecision in the market.
If price action rejects the resistance level of consolidation, we can look for a potential sell trade.
We expect a bearish move.
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DeGRAM | EURUSD in consolidation EURUSD is trading in an ascending channel, and it is testing the support level and dynamic support (trendline).
The market is consolidating because, price action is printing HHs and HLs, indicating bullishness in the market.
We expect an uptrend from the confluence level: lower channel's border&trendline.
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EurUsd- Do we finally have a top for this correction?Since October, EurUsd rose strongly and gained almost 1500 pips.
However, as I said multiple times, both fundamentals and long-term technicals do not suggest a trend reversal in the long run, and although 0.95 could be the bottom, there is more likely to have range trading going further for the most traded currency pair in the world, than continuation above 1.1
Stricly technical, Friday is marked by a hanging man candle, followed yesterday by a Shooting start (or Pin Bar if you wish).
These could be the indication of a top in place and a drop to 1.06 could be next.
Considering a stop loss above 1.09 we also have a good R:R for such a trade
EURUSD | LONG TERM SWINGS TO THE UPSIDE?Hi Traders!
I'm looking at EURUSD and expecting more upside movements on this, possible Bullish rally into 1.16029 / 1.17211, this will be a +800 point move from current price 1.08318 - looking at the lower time frames, weekly, daily, 1hour and 15min there has been multiple confirmations for upside price movements, new HH and HL levels are formed + 61.80% and 38.00% fib corrections, all levels rejected and pushed price into upside direction, on the weekly time frame, after the monthly key level 0.95374 was rejected, we only had 3 Bearish candle formations and the rest are Bullish impulsive pushes, (12) to confirm, in order to see any Bearish plays on the weekly and monthly time frame, we will need to see price take out major key levels + new structure needs to form after taking out previous support and set lows (Key Levels) for now short term targets can be daily key levels as 1.09348 (Daily) and 1.11860 (Daily) this will be a 103.2 point move and 355.2 point move, I will do more technical updates on the weekly and daily time frame later this week when the markets are open.
EURUSD sell setup EURUSD touched its strong weekly resistance area which is also an strong supply zone
we are looking for a bearish rallly for sell confirmation look on lower time frames on the above mentioned areas
it totally depending on DXY behavior which is also near its strong demand zone
always remember that patience and discipline are the key to become a successful trader
DeGRAM | EURUSD bullish trend continuesEURUSD broke and closed above the resistance that became support.
The market is trading above the consolidation.
Price is consolidating, and it probably will test the support and dynamic support, then go to the next resistance .
We expect the new trend to continue.
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EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. Dollar strengthened after DECEMBER FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So keep an eye on FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0627 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.1003 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
EURUSD 4H: 10/01/2023: Move to the liquidity pool!
Well, we expect the price to go for collecting liquidity pool above 1.07869.
For that, the price can have a correction till our supply zone.
You can see other important support on the chart.
💡Wait for the update!
🗓️02/01/2023
🔎 DYOR
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EURUSD 1H: 12/01/2023: Will you see a waterfall?
Previous TA is still valid
Well, as we expected price rose to near our target and we have liquidity on both sides of the price on the other hand we have Consumer Price Index (CPI) release.
So we can expect that price will collect both side liquidity.
My view on this chart is bearish.
You can see critical zone and levels on the chart.
💡Wait for the update!
🗓️12/01/2023
🔎 DYOR
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