My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions. Following this, I anticipate price to decline towards the 3-hour...
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling...
My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions. I...
EU is currently exhibiting a similar pattern to other pairs, and my current stance for this currency pair is bearish. I'm patiently waiting for the 12hr supply zone to be mitigated, considering it as the nearest opportunity of interest for me. This aligns with the overall higher time frame trend, which is bearish. Upon the mitigation of this zone, my plan...
H4 - Bearish divergence. Most recent uptrend line breakout. Expecting short term bearish moves to happen here. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
EURUSD is pushing toward the resistance zone which gives the bulls some tingly senses to take profit and run the price back to the downside. Will the Dollar show strength this week and keep EURUSD from breaking resistance? How do we trade this? The price is currently in a trading range between 1.05000 and 1.10000 and we're getting close to the resistance zone...
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the EURUSD chart analysis, EURUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
On the 1H timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 1.0820, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the support zone at 1.0760. Price is holding below ichimoku clouds and MACD is showing bearish momentum, supporting our bearish bias.
Prices are testing a key resistance zone at 1.0850 on the M30 timeframe. A pullback to this zone, which coincides with the 50% Fibonacci retracement, could present the opportunity to ride the drop to the support zone at 1.0800, which is in line with the 161.8% Fibonacci extension. Price is holding below the 20 EMA and Ichimoku cloud, supporting our bearish bias.
On the M30 timeframe, prices are testing a key resistance zone at 1.0720. Failure to break above the resistance zone could see price drop to the support zone at 1.0680, in line with the 61.8% Fibonacci retracement. MACD is showing bearish momentum, supporting our bearish bias.
On the H4 timeframe, prices are showing bearish order flow with lower lows and lower highs formed. A pullback to the resistance zone at 1.0620 could present an opportunity to play the drop to the next support zone at 1.0500, in line with the graphical low and 50% Fibonacci extension. Prices are holding below the Ichimoku cloud and 50 EMA, while Stochastic RSI is...
DXY is strong against the EURO. I think EURUSD will rise little bit more and will go to resistance, sell only if you got a rejection otherwise dont trade.
EURUS will if it rejected from the supply zone. Wait for the rejection then put sell trade on it.
Eurusd - H4 - This pair went on a liquidity and stop hunt since the start of this year breaking monthly key levels. Now price has reversed on H4 and same time dollar index still holding its monthly demand zone so I'm expecting a complete reversal on Eurusd price action to heavy bearish from here on.. long term targets 0.90- 0.8500
On the H4 timeframe, prices are ranging between 1.0750 and 1.0720, above the resistance-turned-support zone of 1.0620, in line with the 50% Fibonacci retracement. A break below the downside confirmation level could provide the bearish acceleration for a further throwback to the support zone at 1.0620.
The EURUSD is near to give breakout it's Bearish Flag Pattern. But wait for the breakout and the closing below the trendline then take selling opportunity on it.