On Thursday, DXY was become stronger and put EURUSD down, but If you look on the chart, we can see huge Bearish candle which is abnormal as compared to another candle. I believe EURUSD may rise more. Every support is an opportunity to buy.
I am long on it. I am not seeing much strength in DXY. As US successfully decreased there interest rate to 3% which is big success for US. I think DXY will continue to be fall.
This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing...
Entry with price action bullish engulfing on time frame 30m, this entry point RRR 1:4 it's worth to risk around 2-4%. Don't forget to MM on your own risk.
Price has recently broken out of the descending trendline. Price is hovering above a key support zone at 1.0680, which nears the 78.6% Fibonacci retracement, on 1H timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1.0780, which coincides with the 78.6% Fibonacci extension. Price is above ichimoku cloud,...
EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears. If it...
Price is currently range bound between the high of 1.1080 and the low of 1.0920. However, price is hovering over a key support zone at 1.0950. A throwback to this support zone, which coincides with the 78.6% Fibonacci extension, could provide the bullish acceleration to the resistance zone at 1.1050. RSI exited the oversold region at 40, supporting our bullish bias.
EURUSD moving in ascending channel and it will remain in this channel and slowly it will rise more and more. Better to look buying opportunity on every support level.
EURUSD continue taking support on its trend line, in another words trendline giving much support to EURUSD. As it is moving I believe it may breakout its previous high.
EURO seem more bullish against the USD. As we all knows that the market condition of USA is not good and the politics instability decreasing the value of USD.
Prices have broken past a key support zone at 1.0880 on the H1 timeframe. A throwback to this support zone, which is in line with the 38.2% Fibonacci retracement, could provide the opportunity to play the bounce to the resistance zone at 1.0900, which coincides with the 50% Fibonacci extension. Prices are holding above the 20 EMA, and MACD is showing bullish...
On the M30 timeframe, prices are testing a key resistance zone at 1.0550. A break above this level would be an upside confirmation, which could provide the bullish acceleration to the next resistance zone at 1.0650, in line with the 261.8% Fibonacci extension. Stochastics are in the oversold region below 20, supporting our bullish bias.
On the H1 timeframe, prices are showing bullish order flow, with higher lows and higher highs formed. A throwback to the support zone at 1.0650, which coincides with the 38.2% Fibonacci retracement, could present an opportunity to ride the bounce to the support-turned-resistance zone at 1.0720. Prices are holding above the Ichimoku cloud and 50 EMA as well, while...
Yesterday, X made it clear that the impact of news is only short-term, and once the energy is depleted, it will return to its original pace. So far, this view is correct. The current market trajectory has begun to gradually recover, which will also help predict future trends. Since the market has gradually started to recover and entered the original operating...
PRICE has reversed from the third touch of a 3 touch formation and has printed a trend continuation flag.. Would be interesting to see how this plays out. Rigid rules, flexible expectations
Prices have tested a key support zone at 1.0780 on the D1 timeframe. A throwback to this level, which is in line with the 61.8% Fibonacci retracement, could present an opportunity to ride the bounce to the resistance zone at 1.1150. A break above this level would be an upside confirmation, which could provide the bullish acceleration to the next resistance zone at...
This is a Quarterly chart of the EUR/USD and it's something I'm keeping an eye on. What appears to be a falling wedge and MACD bullish divergence developing. Could we see another Euro 1.2200 again in 2023? Will keep watching the price action going forward on Bullish momentum. The first hurdle will be 1.1100.
Due to the weakness of USD, EURUSD may rise more. Last week we saw much bullish momentum on EURUSD, and it will remain bullish.