EURUSD is close to a support zone and at the lower end of the descending channel, setting the stage for a potential significant rally, possibly reaching previous highs and nearing the channel's uptrend line.
The EURUSD pair is extending its downtrend within the 1-month Channel Down and basically this is a quick update to our most recent analysis (January 19, see chart below) on the 1D time-frame: Following the Fed Rate Decision yesterday, which left it unchanged at 5.50% and made clear they are in no rush to cut rates, we think it would be helpful to look at the...
EURAUD has recently approached a key horizontal support. After its test, the price broke and closed above a resistance line of a bullish flag pattern on a 4H time frame. We can anticipate a further growth on the pair. Goals: 1.6565 / 1.6607 ❤️Please, support my work with like, thank you!❤️
Same bearish pattern EURUSD formed last week is what is repeating itself this week, after a retest I am expecting a retrace to the 50EMA and the resistance zone and then sell to our 800EMA which is at 1.08330.
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago made an upward impulse from the resistance level, which coincided with the seller zone to the resistance line of the pennant. After this, the price rebounded from the resistance line and started to decline inside the pennant, where in a short...
Last week I put out this TLT trade setup that showcased a Falling Wedge with Bullish Divergence at the 0.382 retrace which targeted an upside move in the TLT that would recover at least 50% of the high: In the time since this setup first formed the TLT has nearly reached that minimum target. In addition to the TLT, I expected the EURUSD to follow a similar path,...
The EUR/USD pair has embarked on the final day of January with a notable bullish impulse, setting the stage for potential market shifts during the London session. Wednesday's Asian session witnessed another test of the crucial 1.08000 support level, marking a strategic entry point. The price action suggests the emergence of a Double Bottom setup, with indicators...
Just as GBPCHF is similar to this, EURCHF is also expected to reach the 50Exponential moving average and is expected to short from there, also note the resistance zone that support this bearish move and the daily and weekly trend that also support this movement.
EURUSD may retrace from a key daily structure support. After its test, the price broke and closed above a resistance line of a falling wedge pattern on a 4H time frame. It feels like the price may bounce ahead of FED rate decision tonight. ❤️Please, support my work with like, thank you!❤️
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.85450 which is a pullback resistance. Stop loss is at 0.85800 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance. Take profit is at 0.85049 which is a swing-low support. High Risk...
EUR/USD:A Resilient Recovery Amidst Economic Data and Market Sentiment Shifts The EUR/USD pair demonstrated a commendable recovery, reclaiming lost ground on Monday as an improved market sentiment put pressure on the US Dollar. This resurgence was marked by a significant rejection at the 1.08000 level, coinciding with the 78.6% and 88.60% Fibonacci levels,...
Hello Traders ! On The Daily Time Frame, The EURCAD Price Created a Rectangle Pattern. The Support Level is Broken. So, I Predict a Bearish Move📉 ----------- TARGET: 1.43650🎯
EUR/USD Faces Pressure Amidst ECB Remarks and FOMC Anticipation EUR/USD experienced a decline on the last Monday of the month, closing near the psychological level of 1.08000. The downward pressure was influenced by remarks from the European Central Bank (ECB) and the looming Federal Open Market Committee (FOMC) meeting. The breach of the dynamic trendline and a...
Eur/usd has been folowing a bullish trend channel. Last week it managed to break the channel and retested the channel multiple times. Priceaction confirmes a bearish flag pattern. Wich gives us more reasson a posible fall will come. level 1.0828 is currently support for eur/usd. We can either see a direct fall from 1.0883 or a small bullish pullback to 1.09237...
Hi folks today I'm prepared for you Euro analytics. Some time ago price started to trades in consolidation, where EUR declined firstly to the resistance level, which coincided with the resistance zone with the bottom part. Then the price bounced from this level and rose to the trend line, which coincided with the top part of the consolidation and then started to...
Hello,Traders! EUR-GBP is making a Pullback from the horizontal Resistance of 0.8590 And I think that we Will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the seller zone and declined until to 1.0725 points, thereby breaking the support level. But soon, the price turned around and made a strong upward impulse to the seller zone, breaking...