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 level, which coincided with the buyer zone, and in a short time rose to the resistance level. Then the price started to decline in a downward channel, where the EUR declined to 1.0725 points, thereby breaking the 1.0875 level. After...
EUR/USD: Riding the Bullish Wave Amidst Market Shuffles The EUR/USD pair continues its bullish trajectory, reinforcing the outlook from our previous analysis. After a brief consolidation in a range area with a minor setback, the market has opened with a fresh bullish impulse for the EUR. This surge aligns harmoniously with the retest of the 200 Moving Average...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 159.950 Why we like it: There is a pullback resistance that aligns close to the 161.8% Fibonacci extension level Stop Loss: 160.595 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci...
The pair bounced off nicely from the support area, and now is heading to test the 1.5 resistance again. I don't think is going to break it this time but looks like is going to try. Also has formed a rounding bottom in the daily timeframe.
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to grow in a rising channel, where it broke the resistance level, which coincided with resistance area. But when EUR rose to resistance line of channel, it bounced and started to decline to $1.1010 level, exiting from channel. Also, price...
EUR/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.46900 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 1.47320 which is a level that sits above a swing-high resistance. Take profit is at 1.46145 which is a pullback support...
EURCAD firm a saucer pattern after correction to 1.4500 zone and has chance to goes high again. Good context, nice risk reward and absolutely high probability. Trade safe. Good luck.
Lowest Ever Eurozone Unemployment Rate👀 (since records began in c. Jan 1995).
EUR/USD: Navigating Challenges and Anticipating Bullish Momentum in 2024 EUR/USD encountered a week of fluctuating fortunes, managing to recover from daily losses after briefly slipping below the critical support level of 1.0875 on Friday. Despite closing the first week of 2024 in negative territory, the pair's near-term technical outlook presents an intriguing...
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the support zone and then rebounded down to the trend line. After this, the Euro started to move up in an upward channel, where it rose to the support level and soon broke it, but at once fell back to the support zone. Then price finally broke this level and then made impulse up to the...
The EURUSD pair gave us the best possible sell signal on our December 28 2023 idea (see chart below) as we sold exactly at the top, provided by the overbought 1D RSI: We now shift our focus from the long-term to the medium-term as the price reached the bottom (Higher Lows trend-line) of the Channel Up and is consolidating around the 4H MA200 (orange...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the current support level, which coincided with the support area and rose to the resistance level, but then it rebounded and started to decline in the wedge. Euro in a short time declined until to support line, breaking the 1.0900 and 1.0780...
EURNZD is testing a resistance of a horizontal daily range. The price formed a double top pattern on that on a 4H time frame. I believe that we can anticipate a bearish movement soon. Goals will be 1.750 / 1.745 ❤️Please, support my work with like, thank you!❤️
Fighting inflation is hard. Hence, central banks are data dependent while calibrating rates. Continuing geopolitical conflicts puts Europe at risk of inflation relapse. Headline numbers can be misleading. Central bankers will dig deep. Deeper analysis will compel investors and policy makers to rethink and recalibrate interest rate calculus. This paper unpacks...
The Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.09066 Why we like it: There is a pullback support level Stop Loss: 1.08523 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement level Take Profit: 1.09981 Why we like...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded near support level, which coincided with support area, but soon it declined below to support line of pennant. After this, EUR in a short time rose back, thereby making fake breakout of $1.0775 level and later it made upward impulse. Price...
EURUSD will most likely close flat today, a price action which is accurately depicted on the neutral 1D technicals (RSI = 51.556, MACD = 0.003, ADX = 38.804). On a wider horizon, this neutrality is a technical consolidation before the next phase of the bearish wave that started on the December 28th High. This chart shows that the whole 2023 has been a Channel Down...
EUR/USD Dynamics: Navigating Rebounds and US Labor Market Influences EUR/USD exhibited signs of strength during the European trading hours on Thursday, yet encountered resistance in the latter part of the day as rising US Treasury bond yields breathed life into the US Dollar (USD). The pair currently grapples with a bearish trend, trading in negative territory...