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SWING IDEA - PRESTIGE ESTATESPrestige Estates , a leading Indian real estate developer, is showing a compelling opportunity for a swing trade. Reasons are listed below : Breakthrough of Resistance Zone : The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum. 0.5 Fibonacci Bounce : The price retraced to the 0.5 Fibonacci level and subsequently bounced back, suggesting this level is acting as strong support, reinforcing the potential for continued bullish movement. Breakout from Consolidation Phase : The stock has broken out of a 4-month consolidation phase, signaling that it could be entering a new upward trend. Bullish Marubozu Candle on Weekly Timeframe : Last week's marubozu candle (with minimal shadows) indicates strong buying pressure and supports the case for continued bullish momentum. Trading Above 50 and 200 EMA on Weekly Timeframe : Prestige Estates is trading above both the 50-week and 200-week exponential moving averages, which is a robust signal of a prevailing uptrend. Trading at All-Time High : The stock is currently trading at its all-time high, indicating strong bullish sentiment. However, traders should watch for potential pullbacks or resistance at this level. Target - 1650 // 1800 // 1900 Stoploss - weekly close below 1300 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:PRESTIGELong
by Visionary_Growth_Insights
ETH Analysis:Comprehensive Review Across Different Time Frames🔍 Let's dive into today's analysis. Today, I want to thoroughly analyze Ethereum to provide a complete overview of the potential scenarios ahead. Bitcoin Analysis 📉 First, let's take a look at Bitcoin. In the 4-hour timeframe, we found support at 64429. After breaking the high of 65389, we set a higher low in this timeframe. From a Dow Theory perspective, we are seeing the first signs of a trend reversal. If we set another higher high and higher low, we can confirm an upward trend. 📈 An important aspect of this trend change is that buying volume needs to enter the market. As you can see, the green candle volume is gradually increasing. We now need price confirmation for an early long position entry. Dow Theory confirmation can be a good trigger, but if the price doesn't correct, candle confirmation above 66719 can serve as a suitable long trigger. RSI has also given its confirmation by breaking 50.91. 📉 For short positions, confirming a candle below 64429 remains a strong trigger. Given the current downward momentum, there's no need to complicate things unnecessarily. Simply confirming a candle below this support is sufficient for a short position, with RSI breaking below 32.53 providing additional confirmation. ⚠️ Remember, we are in a large range box. When the high wave cycle (HWC) is in a range, we shouldn't expect our positions to yield significant profits or for the market to move sharply and hit our targets. ### Ethereum Analysis 🔍 Now let's move on to our main focus, Ethereum (ETH). Weekly Time Frame 📅 Starting with the weekly timeframe. Alongside Bitcoin's rise from 25k to 74k, Ethereum also climbed from its 1500 support, coinciding with a curved trendline, up to 4k. It formed a significant resistance at 3873 and then began correcting, reaching around the 0.382 Fibonacci retracement level, finding support at 2922. 📈 A major catalyst for Ethereum's support at this level was the announcement of the approval of an Ethereum ETF, which generated considerable hype. As a result, since that day, everyone has been waiting for the ETF's launch date. This has created significant bullish sentiment around Ethereum. By analyzing the total2 to total3 ratio, Bitcoin, and Tether dominance, we can infer that money flow is shifting towards Ethereum, likely because traders and whales believe that buying before the ETF launch will be profitable in the future. Technically, we can see that it reached the 0.382 Fibonacci level, and as selling volume decreased and the SMA25 intersected the price, a new upward momentum began. In my opinion, a combination of technical factors and the ETF news has created significant hype for Ethereum. 💸 For spot buying in the daily timeframe, it's better explained, but if you buy only in the weekly timeframe, you should wait for a break above 3873. Breaking the 70 level in RSI can provide additional confirmation for your buy. 📉 If the 2922 support, which aligns with the 0.382 level, breaks, we could move towards the golden zone of Fibonacci, between the 0.5 and 0.618 levels, with a target around 2200. Ethereum to Bitcoin Price Ratio 📉 Next, let's analyze ETH/BTC, which shows the price ratio of Ethereum to Bitcoin, helping us understand the money flow direction. Since mid-2022, Ethereum's price relative to Bitcoin has been declining. This doesn't mean Ethereum's price dropped, but rather that Bitcoin's price increased more significantly. 📈 After reaching the Demand zone, this chart made a fake breakout below this zone and returned to it, reaching its descending trendline. With the current hype and money flow into Ethereum, we expect this trendline to finally break. After breaking the trendline, the next obstacle is the SMA99. If Ethereum clears these hurdles, it could see a 56% increase relative to Bitcoin. If Bitcoin also trends upward during this period, Ethereum could experience significant growth in the ETH/USDT chart. 📉 If Ethereum continues to decline relative to Bitcoin, the next target could be 0.04307. Daily Time Frame 📅 Moving to the daily timeframe. In addition to the weekly Fibonacci, we can draw another Fibonacci on this timeframe. The 0.618 level of this Fibonacci overlaps with the 0.382 weekly Fibonacci, creating a significant support at 2873. After breaking the trendline discussed in previous analyses and the ETF approval news, Ethereum made an upward move. 📉 Currently, it has reached resistance at 3894 and is correcting, forming a range between 3457 and 3642. Breaking either of these levels could move the price to the bottom or top of the range. 📈 For spot buying, breaking 3642 is risky; the main resistance is 3894. Breaking either of these levels allows you to buy. RSI can also assist in spot buying; breaking 52.04 allows buying after price confirmation. For shorting in a market downturn, 42.84 is a suitable trigger. For futures positions, let's look at the 4-hour timeframe. 📉 In this timeframe, the price, after reaching the 0.618 Fibonacci level, created a range between 0.618 and 0.382, visible in the daily timeframe as well. 📈 We have two main triggers for long and short positions. The main long trigger is breaking 3629, with RSI breaking 61.57 for additional confirmation. For short positions, breaking 3402 is ideal. Use these triggers for opening positions. The target for long positions is 3875, and for short positions, it's 3185. 📉 If you want to open a short position earlier, confirming a candle below 3522 allows a low-risk short entry. This is happening now, and if the candle confirms below this level, you can enter a low-risk short position, but the target will be 3402, not 3185. ⚠️ The most crucial point in most analyses is that volume must confirm the trend. Always remember this to filter out and identify fake moves. 📝Ethereum's price movements are currently influenced by a mix of technical levels and fundamental news, particularly the upcoming ETF. Monitoring key support and resistance levels in different timeframes, along with volume and RSI confirmations, is essential for making informed trading decisions. Keep an eye on market trends and news updates to adapt your strategy accordingly. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
rebounded strongly after reaching a level lower than 2300Gold for delivery closed down more than 20 USD on Thursday, fell below the 2,300 USD/ounce mark, and recovered slightly in the European session on Friday to 2,314. Despite weak US PPI, gold prices still fell sharply as the Federal Reserve forecasted only one interest rate cut this year. In addition, a stronger US Dollar also affects gold prices. The Federal Reserve on Wednesday kept interest rates steady despite improving inflation and forecast only one rate cut in 2024, due to Economic growth and the unemployment rate remain above what the Fed considers long-term sustainable levels. High interest rates increase the opportunity cost of holding gold, making it less attractive compared to other assets in the market, especially the dollar. Markets are still assessing the Fed's future monetary policy path. The Federal Reserve announced Wednesday that it would leave interest rates unchanged and signaled that there would be only one rate cut in 2024. In March, the Fed had expected three rate cuts in this year. Before Thursday's PPI data was released, the May Consumer Price Index (CPI) released by the US Department of Labor on Wednesday also showed that inflation had generally cooled, creating momentum for gold to surge. up 1% that day. However, after the Federal Reserve issued hawkish comments, spot gold prices reversed the basic trend. Technical analysis of gold price Gold has dropped significantly since reaching the key resistance area around $2,340 – $2,345 which is the confluence of the 0.618 Fibonacci retracement, the $2,345 horizontal resistance and the 21 EMA. Gold fell back to operating around the 2,305 - 2,300 USD area to maintain the main downtrend from the price channel. In the short term, the raw price level of $2,300 will be the closest support and if gold continues to break below this technical level it will open up the possibility of continuing towards the target at $2,286. Even if gold recovers, during the day it will still be limited by the $2,324 level, its technical direction will still lean to the downside. Support: 2305 - 2291 - 2286 - 2280- 2274 Resistance: 2316 - 2321 - 2325 - 2333 - 2338 SELL price range 2319 - 2321 stoploss 2325 BUY price range 2270 - 2268 stoploss 2264
OANDA:XAUUSD
by TVS-Trader
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we wanted the lower support level to hold up the price to give us the opportunity to long into the order region above, which gave us a fantastic start to the week. We then said we wanted to short from the order region back down, but due to FOMC and CPI we would be looking for extreme levels above. Once price re-entered our order region we did continue with the plan but the range and accumulation meant we couldn’t complete the move down that we wanted, however, still getting a decent trade down. So, what can we expect in the week ahead? Simple one this week! We have potential to start the week with short movement within the range we have plotted on the chart. The resistance level above sits at 2345-50 which needs to hold the price down for us to see a further move downside into the lower support region below, and potentially complete our plan from last week’s KOG Report. Support 2320 is the hurdle this week and needs to be broken forcefully for us to then have more confidence in the move. The problem we have this week again is this sideways range, and for that reason we’re going to throw a curveball into the mix, which we need traders to be extremely careful of. IF that resistance level above breaks, and we bounce aggressively from below, there is a huge chance we’re going to see this attempt to take liquidity from the higher regions 2370-5 which is a key level for this week and also the extension of the move. So please, traders make sure to stick with your risk model, we’ll trade it the KOG way, level to level, stay the right side of it and expect some extreme movement. KOG's Bias for the week: Bearish below 2345 with targets below 2320 and below that 2295 Bullish on break of 2345 with targets above 2355 and above that 2370 As above, it’s a short one this week, we’ll update it as we usually do during the course of the week. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
BTC Price Action- Quick update and not a price prediction, just to give a general idea. - Timeframe is only H4 ( and i don't like too much small TF, lot of noise there) - Just to monitor the PA between 72k$ ish and 60k$ ish. - this PA could form a ranging consolidation to the next leg. - if BTC dip again, the next support is around 50k$ ish. - Keep things simples. - I don't scalp, nor leverage, but if u want to gamble. - First you need to know " Where to Gamble ". - Don't forget Halving is very close. - BTC Volatility will grow faster. - BTC.D not yet maxed imo. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
Attention price range before FOMCGold dropped from peak to 2,340 USD before Fed information After CPI rose to a three-day high past the $2,340/troy ounce mark, gold prices now appear to have digested that initial move and returned some gains amid a weaker dollar and Yields fell ahead of the FOMC event later in the session. The 2340 level is unlikely to hold before the FOMC. The 2352 resistance zone will be better for you if you want to SELL gold. Today it is predicted that the FOMC will continue to support the dollar, so the possibility of gold falling will be very high. Scalp support may be around the old bottom of 2390
OANDA:XAUUSD
by TVS-Trader
BIRLASOFT - Breakout and retest done - Time for new highs!Daily Time Frame: Overview & Observation: 1. Clean price action. 2. Moving after retest. 3. Reversing after support formation 4. RRR is favourable. 5. IT sector is currently underperforming once the sector starts reviving this stock should blast. Trade Plan: 1. ENTRY = 642 2. SL = 10% (577) 3. TARGET = 1:3,1:4,1:5 - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:BSOFTLong
by SuperNova396
SAIL - Reversal pattern in action!Monthly Time Frame: Overview & Observation: 1. CHange in price structure from LL-LH to HH-HL 2. Good volume support 3. Bouncing from weekly demand and fib support zone. 4. Expected to continue to move higher. 5. Earnings are weak though! Trade Plan: 1. Entry = cmp 154 2. Stop Loss = 10-12% 3. Target = 40% - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:SAILLong
by SuperNova396
2
Gold fell after the FED kept interest rates unchanged in June💥Gold prices (XAU/USD) gained positive traction for the third straight day on Wednesday and touched a new weekly high, around the $2,341-$2,342 region as US consumer inflation figures softened slightly. 💥Gold then fell sharply after data from the US Federal Reserve (FED) signaled there would only be one interest rate cut this year. in a context where inflation is still far from target. 💥The change in the Fed's forecast led to a slight increase in US Treasury yields, supporting the US Dollar (USD) after its overnight bounce from multi-day lows and further weakening prices. Yellow 💥Gold support is approaching at 2282. Gold prices could accelerate the decline after the $2,285 horizontal support is broken. That said, any further decline is likely to find some Support near the $2,300 mark before the $2,285 horizontal zone. Some further selling activity will be seen as fresh trigger for bearish traders and leave XAU/USD vulnerable to accelerating the decline towards the next relevant support near the $2,254-2,253 region. If gold trades above 2325 today, it will soon find higher levels such as yesterday's peak resistance area at 2340 and higher at 2355.
OANDA:XAUUSD
by TVS-Trader
Regain the mark of 2,300 USD/ounceGold prices regained the 2,300 USD/ounce mark because investors had a bottom-fishing mentality after prices plummeted last weekend. Experts say that gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the US Federal Reserve's (Fed) delay in cutting interest rates even longer. Gold investors are turning their attention to the Fed's Federal Open Market Committee (FOMC) meeting scheduled for June 11-12 (US time), which will open up a more positive direction. for gold price. Here, the FOMC will provide insight into the plans and timeline for expected interest rate cuts this year and through 2026. Gold is having difficulty trying to regain the 2320 level. Yesterday in the US session, gold achieved a recovery level of 2313 according to investors' expectations after a weekend of catastrophic price decline. Unable to reach the expectation of 2320, gold is stuck around the 2300 price range. The upward recovery will likely continue until gold returns to the market's downward trajectory. SELL zone 2330-2332 SL 2335 SELL zone 2281-2279 SL 2276 Pay attention to support and resistance points to have the best trading strategy Support: 2286 - 2280 - 2270 Resistance: 2315 - 2329 - 2338
OANDA:XAUUSD
by TVS-Trader
1
GOLD 06/10 The downtrend is still continuing💥Gold prices (XAU/USD) entered a bearish consolidation phase and hovered near their lowest level in more than a month, below the $2,300 mark. 💥The widely known Nonfarm Payrolls (NFP) report showed that the world's largest economy created more jobs than expected in May, forcing investors to cut bets on the round. interest rate cut in September by the Federal Reserve (Fed). This kept US Treasury yields elevated and lifted the US Dollar (USD) to a near one-month high, which in turn, was seen as a headwind for the yellow metal failing to deliver. profit. 💥Gold will continue its downtrend. On the h4 chart, we can see that important support levels were broken and strong resistance areas were formed. The recovery level of gold today cannot exceed 2320 and the decline margin of gold is wider with the support level of 2370 being the break out area of ​​the previous 2 months and the next around 2355 EMA 89 moving average of the daily frame. Support: 2286 - 2280 - 2274 - 2268 - 2259 Resistance: 2308 - 2320 - 2329 - 2338 SELL price range 2320 - 2322 stoploss 2327 BUY price range 2270 - 2268 stoploss 2264
OANDA:XAUUSD
by TVS-Trader
BPCL: Gearing up fly high - Know Why!Daily Time Frame: Key Points: Breakout Confirmation: The stock has decisively moved past its 4 years long resistance, confirming the breakout. Volume Surge: Accompanied by high trading volume, indicating strong market interest. Target Potential: Eyeing a 50% upward move based on technical analysis. Why This Matters: Momentum: Breakouts like this often lead to sustained trends. Opportunity: Ideal for traders looking for growth stocks with strong technical setups. - Above 620 it will start to shoot and also EMAs have confirmed the bullish trend continuation. - If you have liked my chart reading and analysis, don't forget to leave a comment and boost the post. - Wish you all a profitable trading journey. Cheers! Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing. Thanks & Regards
NSE:BPCLLong
by SuperNova396
2
LINKUSDTHi guys It seems that we have an upward channelized trend. And currently, the ceiling of the RSI negative divergence channel has also been issued. The support area of ​​$17.24 is still preserved. Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario. in case of breaking the upward trend line and losing the support range of $17.24; The downside scenario is more likely. What do you think?
by BiTBingo
Gold price margin analysis before NONFARM💥Gold reacted strongly at the 2385 resistance zone as traders waited for the important US Nonfarm Payrolls report. Gold prices continued to rise and hit a 2-week high as US bond yields fell after Latest labor report. Published data showing signs of "cooling down" in the US labor market have reinforced the possibility that the US Federal Reserve (Fed) will cut interest rates in September. Currently, investors are still hot. Please wait for US non-farm payroll data to be more certain about this expectation. 💥RSI in the h2 time frame shows signs of divergence and has gradually escaped the overbought area. It can be seen that the buying force has weakened when the price touched 2385. The uptrend is still there with strong support from the EMA 34 and EMA 89 which are still rising strongly in the large time frames h4 h2 d1. Therefore, the price reaction at 2385 could be a stepping stone for gold to reach 2400. 💥Technical points to pay attention to for the best trading signals: Support: 2370-2355 Resistance: 2395- 2405
OANDA:XAUUSD
by TVS-Trader
GBPUSD | Perspective for the new week | Follow-upThis video dissects the recent market trends and economic data that have been impacting the Pound Sterling and the US Dollar. Last Friday, data revealed a positive turn in UK house prices for May, following a couple of months of decline. However, all eyes were on the report on US inflation, which significantly influenced price movements. The Pound Sterling (GBP) demonstrated signs of recovery, particularly after the monthly United States core Personal Consumption Expenditure Price Index (PCE) data for April fell short of expectations. With underlying inflation growing at a slower rate than anticipated. Additionally, the downwardly revised GDP estimates have weighed on the US Dollar and increased the speculation on the likelihood of the Fed reducing interest rates in September, with estimates surpassing the 50% mark. Shifting focus to the United Kingdom, the survey of economic outlook conducted by Lloyds Bank highlighted easing price pressures and strong expectations surrounding the Bank of England (BoE) potentially initiating interest rate reductions earlier than anticipated hereby bolstering business optimism. In this video, we navigated the current market dynamic to unravel the potential direction of price action in the coming week as market participants digest the implications of the economic data from both economies GBPUSD Technical Analysis: Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
AXSIt seems that according to the maintenance of the upward trend line (we do not have a LL on the price chart), if the resistance range of $8.7 is completely consumed; The probability of the continuation of the upward trend similar to the scenario is high. If this specified resistance area is not completely consumed, we expect a downward trend and the bullish scenario is invalid. At the moment, we do not have a signal for a bearish trend on the price chart. On the other hand, a relatively attractive candlestick pattern tangential to the upward trend line has been formed for us. What do you think?
Long
by BiTBingo
4
UPl | Wyckoff Events & Phases Explained Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases👈 Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move. - Volume increases and price spread widens, signaling that the down-move may be approaching its end. 2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - Often price will close well off the low in an SC, reflecting the buying by these large interests. 3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline. - A wave of buying easily pushes prices up. - The high of this rally will help define the upper boundary of an accumulation. 4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand. - If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC. - It is common to have multiple STs after an SC. 5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume. 6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS. 7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume. All the phases of accumulation stage- Phase A: Phase A marks the stopping of the prior downtrend. -- Up to this point, supply has been dominant. -- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC). -- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. -- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. -- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Phase B: -- Phase B serves the function of “building a cause” for a new uptrend -- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. --There are usually multiple STs during Phase B' -- Institutional buying and selling impart the characteristic up-and-down price action of the trading range. --Early on in Phase B, the price swings tend to be wide and accompanied by high volume. Phase C: -- It is in Phase C that the stock price goes through a final test of the remaining supply. -- this marks the beginning of a new uptrend, trapping the late sellers (bears). -- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. -- The appearance of an SOS shortly after a spring or shakeout validates the analysis. Phase D: --During Phase D, the price will move at least to the top --LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: --large operators can occur at any point in Phase E. --These are sometimes called “stepping stones” on the way to even higher price targets. -------------------------------------------------- Regards, Revive Traders ------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:UPLEducation
by ReviveTraders
EURUSD analysis 06/05/2024EUR/USD steadies below 1.0900 ahead of key US dataEUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Fed rate cut bets keep US bond yields lower, limiting the pair's downside. Key US data on Wednesday could provide some impetus ahead of the ECB on Thursday. The pair is approaching the lower trendline of the uptrend and is being supported by the EMA34 and EMA 89. In case the news is positive for the USD, it is possible that EURUSD will break the trendline and two EMA line to approach the 1.08300 support zone. The old peak at 1.9100 will be the first resistance area that the pair encounters when the price is pushed up from the current support area. With the negative release news for USD the highest level EURUSD reached today was 1.09700. BUY zone 1.08300 SL 1.08000 SELL zone 1.09100 SL 1.09400 SELL zone 1.09700 SL 1.10000
by TVS-Trader