EURUSD is bearish on the 1D timeframe (RSI = 35.647, MACD = -0.002, ADX = 40.063) as it maintains the declining trend since the December 28th High and the pattern that prevailed has been a Channel Down. Ahead of a 4H Death Cross, the 4H RSI is rising after being oversold two days ago on a technical Bullish Divergence that looks very much like the one that started...
A rallying USD is putting ample pressure on Euro futures. Now that we’ve broken trendline support, it appears that we’re in the midst of a steeper correction. How low can the contract go? Technical Outlook : Euro futures trended higher for the duration of Q4 last year, with trendline support dating back to November first. Weakness in the USD, and favorable...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it first declined to support line and then at once bounced up to $1.0725 level. Then EUR broke it, but at once made correction below, after which broke this level again and continued to move up. Next, price reached resistance...
EUR/USD: A Comprehensive Outlook Amidst Market Uncertainties The EUR/USD pair rebounds from its recent lows, finding support near 1.0850 in tandem with the Dynamic trendline. Meanwhile, a backdrop of hawkish sentiments from Fed officials, coupled with robust US Retail Sales data, bolsters the USD's resilience, signaling a still-healthy economy. The Greenback's...
On the weekly timeframe, we've seen a big drop and a bit of a correction, and now it looks like we're stuck in a trading range. But get this: the dips seem stronger than the climbs. Flipping over to the daily timeframe, we’ve had a couple of tries to break through the resistance zone, but no luck. What does this mean? Well, we might see a small bump up, but I'm...
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.86158 Why we like it: There is a pullback resistance level Stop Loss: 0.86395 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Take Profit: 0.85710 Why we like...
Hello Traders ! On Thursday 07 Dec 23, The EURJPY Reached a Support Level (155.372 - 154.420) The Price Formed an Ascending Triangle Pattern. The Resistance Level is Broken. So, I Predict a Bullish Move📈. ----------- TARGET: 161.210🎯
Hello Traders ! After a Huge Bearish Move, The EURCHF Price Formed a Symmetrical Triangle Pattern. The Resistance Line is Broken. So, I Expect a Bullish Move📈. ----------- TARGET: 0.94140🎯
EUR/USD Seeks Support After Dip Below 1.0900: Technical Analysis and Market Dynamics In European trading on Wednesday, EUR/USD is on a recovery path after dipping below the 1.0900 level, finding support in the 1.0860 area. The Euro is in search of a stable footing, aiming for a potential pullback. Technical Analysis: A closer look at the technical analysis...
Market Insight: ECB policymaker Francois Villeroy de Galhau has emphasized that the decision on rate cuts in 2024 will be data-driven, rejecting a fixed timeline. ECB President Christine Lagarde, while suggesting a potential rate cut in the summer, emphasizes the importance of data in timing the decision. Central bank officials are cautious about immediate easing...
As We Talked in The Previous Analysis: The EURJPY Reached a Support Level (155.372 - 154.420) The Price Formed an Ascending Triangle Pattern. The Resistance Level is Broken. Currently, The Price Pull Back to Important Structure and Now it Will Continue its Bullish Movement📈 TARGET: 161.210🎯
The Euro (EUR/USD) has just broken below a pullback support and the momentum could carry price lower towards the take profit target. Sell entry is at 1.08618 which is a pullback support and a potential bearish breakout level. Stop loss is at 1.09000 which is a level that sits above a pullback resistance. Take profit is at 1.08137 which is a pullback support...
Daily/4h/1h time frames analysis on EURUSD. Price action. Key levels. Potential scenarios. Trading plan. ❤️Please, support my work with like, thank you!❤️
hello guys... let's review what happened in eurusd pair! 1- the price made a descending channel and engulfed the last high! 2- the price broke the top line of the channel! 3- the price did a correction until the 50% of the last leg! 4- the price touched the QML level! Now what is going to happen?! there are two trendlines in further and one important...
Hi folks today I'm prepared for you Ripple analytics. Some time ago price declined to the 1.0830 support level, which coincided with the support zone, and at once rebounded and made a strong impulse up to the 1.1000 resistance level, but soon turned around. After this, the Euro made an impulse down to the trend line, breaking the 1.0830 support level, but in a...
Euro Under Bearish Pressure: Factors, Figures, and Technical Outlook The Euro is grappling with increased bearish pressure, marked by a reversal against the backdrop of a strengthening US Dollar and various economic indicators. Amidst a risk-averse market sentiment and geopolitical tensions in the Middle East, the Eurozone faces headwinds that are impacting the...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 160.004 Why we like it: There is a pullback resistance level Stop Loss: 161.052 Why we like it: There is a pullback resistance that sits above a confluence of Fibonacci levels i.e. the 78.6% projection and the -27.0%...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support line of the pennant and made a strong upward impulse to the resistance level, which coincided with the seller zone, thereby breaking the 1.0930 level. After this, the price made little correction and then continued to move up to the...