The Euro (EUR/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 1.08420 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 1.07922 Why we like it: There is a pullback support that sits below the 61.8% Fibonacci retracement...
EURUSD has erased most of yesterday's "Fed fuelled" gains with a strong 1D red candle that turned the 1D timeframe neutral again (RSI = 48.908, MACD = 0.002, ADX = 36.543). Amidst this volatility a strong technical development is going unnoticed. The pair is about to form the first 1D Death Cross since September 28th 2023 and only second since July 22nd...
Preferred direction: BUY Comment: The week on the market is expected to be hot, with a number of important news awaiting us, namely the decisions of a number of leading central banks on interest rates . This week we stick more to the buy priority, but most likely this week will be predominantly in favor of the seller. It is expected that growth in the euro...
Another one for the forex traders or fiat currency traders. EURUSD is bullish on weekly as we are currently at Entry for Long Orders, Then based on this Timeframe, you can execute long orders at current price, i took my entries early but market might correct a bit back to entry. We have just finished or completed correction, and about to continue going up from...
Hi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from the support level, which coincided with the support zone and declined to the trend line, after which it turned around and in a short time rose back to the support zone. Then Euro broke the 1.0800 level and started to trades in consolidation, where it some time traded near this...
The EURGBP pair formed a Double Bottom on the March 08 Low but is being restricted (and fail to close a 1D candle) successively below the 1D MA50 (blue trend-line). With the 1D RSI on Higher Lows, i.e. a Bullish Divergence, we expect a rebound towards the 0.5 Fibonacci level, similar to the sequence that followed the August 23 2023 Double Bottom. Our target is...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the resistance line and seller zone and little declined. After this movement, the price tried to back, but failed and when the EUR touched the resistance line it rebounded again and made...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined in falling channel, where it reached $1.0900 level and at once continued to fall. Later price tried to back up, but failed and declined to support level, which coincided with support area. Also soon, Euro fell below this level and...
Here is my latest structure analysis and important key levels to watch on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hi folks today I'm prepared for you Euro analytics. Some days ago price fell to support 2, which coincided with the support zone, and at once rebounded and started to grow. But later EUR turned around and fell to the trend line, after which it turned around and made a strong impulse up to support 1, which coincided with the resistance zone, thereby making a fake...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago broke the resistance level, which coincided with the seller zone, and some time traded below. But later, EUR rose back to the seller zone, after which it turned around and started to fall in a downward channel, where in a short time Euro...
EUR/USD encountered resistance following an initial bullish surge on Wednesday, subsequently retreating slightly below the 1.09450 level in Thursday's European morning session. The price action indicates a potential reversal, with the currency pair trading within a supply area and the 61.8% Fibonacci level suggesting a bearish setup. Additionally, a sell limit has...
I like this chart 📊 Please pay attention to the details. The price did the stop hunt and create the FVG, then could not continue to go higher and created the inversion. After that, by closing the candle's body below the last down-close candle, the price activated the breaker block, and also the market structure shifted. Now, the price has moved higher and it...
The Euro (EUR/USD) is falling towards a potential breakout level and could drop lower towards our take-profit target. Entry: 1.08721 Why we like it: There is a potential breakout level (wait for the 1-hour candle to close below 1.08721 for a breakout confirmation) Stop Loss: 1.09152 Why we like it: There is an overlap resistance level Take Profit: 1.07998 Why...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined in falling channel, where it fell to support line and then bounced up to resistance line. After this, Euro exited from channel, entered to wedge, and made downward impulse to $1.0735 level. Then price tried to rise, but failed and declined...
EUR/AUD could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 1.65590 Why we like it: There is a pullback resistance level Stop Loss: 1.65909 Why we like it: There is a pullback resistance that sits above the 50.0% Fibonacci retracement level Take Profit: 1.64503 Why we like it: There is a...
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 161.988 Why we like it: There is an overlap resistance level Stop Loss: 161.718 Why we like it: There is a swing-high resistance level Take Profit: 160.382 Why we like it: There is a pullback support level Please be advised...