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EURUSDHello traders ,what do you think about EURUSD? This currency pair is approaching the resistance zone and the downward trend line, which is expected to fall to at least the specified levels upon reaching this zone. It's important to note that today's European Central Bank meeting and Mrs. Lagarde's speech, the President of the European Central Bank, could significantly impact this currency pair, potentially leading to extreme volatility If this post was useful to you, do not forget to like and comment.❤️
Short
by HAMED_AZ
28
💶💵 EUR/USD Declines As I Wrote 💶💵💶💵 EUR/USD Declines As I Wrote 💶💵 Nearest strong support zone: around the fibo level of the 0.236 rising wave. 💶💵 Nearest strong resistance zone: around local peaks. 💶💵 Technical environment: - Moving averages: Uptrend - MACD: Downtrend - RSI: Downtrend 💶💵 Price action: EUR/USD is again attacking the south direction exactly as I wrote in the last post, the whole slide took place at the beginning of the American session. After such a strong downward slide, we can expect a breakout from the accumulation and perhaps a retest of the entire formation before continuing the decline. All indications are that the Dollar will strengthen over the coming weeks exactly as I wrote in recent posts. 💶💵 The scenario I'm playing out is to wait for a test of the accumulation and join the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Short
by InvestMate
DeGRAM | EURUSD forecast for the week. False breakoutAt the end of the week, the EURUSD currency pair came close to the resistance at 1.13738. The approach was a large candlestick, which immediately indicates a dubious breakout of this level. The most likely scenario for the development of events for EURUSD for the coming week is a false breakdown of the level of 1.13738, a return of the price to the range of 1.12243 - 1.13738 and a decline in the price to the lower levels of this range. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Short
by DeGRAM
16
AUDUSD approaching support, potential bounce! AUDUSD is approaching our first support at 0.7190 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2 fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7248 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2 fibonacci retracement). Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill