H1 - Strong bullish momentum. Higher Highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURUSD after penetrating the minor bullish area is currently correction. At present the price responds to trendline very well, with the price always forms a new lower high, by looking at some of these indications, the possibility of the price will be bullish in a fairly close time.
Based on last week's analysis, the EUR/USD pair showed strong bullish momentum. However, this week a reversal has been observed after the price formed a CHoCH pattern. The nearest target is still in the trendline area, followed by the next target at 1.07300. If this pattern persists, the probability of a continued bullish trend is high.
head & shoulder pattern in 4h time frame, there are two supply zones for short i.e. 1.0640-0670, another supply zone 1.0710-0735. stop loss above 1.07035, target: 1.0480.
as you can see there is a bearish divergence with MACD which is the sign of trend reversal and the price has started its retracement to Fibonacci golden Zone there are total of 3 TPs where 2TPs are the 50% and 61.8% of the Fibonacci retracements and the 3TP is for the upcoming impulsive wave and it has confluences with Fibonacci expansion -27%
I noticed that prices rose at the end of the week, which could indicate a bullish trend. However, it's likely that the trend will remain limited to the trendline channel area next week. It's important to note that the overall trend is still bearish and there hasn't been any significant change. The bullish trend may only be a correction from the bearish trend.
price broker 1.0635 strong support level of the year 2013. daily & weekly forming lower low & lower high. Supply zone for short 1.0730-0760. stop loss: 1.0780, target: 1.0640.
Eurusd is still in the trend bearish. If you look at the formation of the bearish channel and the price responds positively to the trendline area and is currently corrected, there are two obstacles to return bullish, namely trendline that must be penetrated and minor high that can also be passed.
The prices are moving towards the base area, aligning with last week's analysis of EURUSD. Dxy's movements suggest that it may weaken soon, and currently, Eurusd is approaching the base area. This could indicate a potential reversal in the near future, although there is also a chance of a fake-out before the reversal occurs.
Last week the price responded well to the resistance area in the red line. There has been no sign of reversal until the market closing. There is a possibility that the bearish movement is limited, where the price will continue bearish with the target in the resistance area and the possibility in that area there is resistance. If you want to do a long, wait until...
6th June Bullish order block, 1.0635 strong support of the year 2023. Demand zone for long 1.0710-1.0670, stop loss below 1.0636, initial target: 1.0840 if breaks and hold then next target level 1.0920.
EURUSD looks down but BE Careful A very similar situation where the traders were caught
Eurusd's movement is in accordance with last week's analysis, where prices rise to the red line area. For now there is no strong indication that the price will continue the bullish trend. There is still a possibility that the price of continuing the trend down by making a Wave A-B-C-D-E pattern. Today there will also be news release, avoid speculating for today.
28th August daily inside bar, range confined within the previous bar range. 29th August daily insurance bar dictation for strength in coming days. Demand zone for long 1.0812-1.0770. stop loss: 1.0750, target: 1.0955.
last week's analysis responded positively by the market. the price dropped to the support area and is currently stuck there. if you look at the market pattern, there is a possibility of a simple correction a-b-c with the current price heading to wave c. if you pull the Fibo extension, then the price is right in the 0.786 Fibo area. there is a possibility that the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD's analysis is still based on last week's, where prices moved to SND. If SND is currently pierced, then it will most likely still be bearish to SR Flip at the beginning of Wave 1.
Bulls, Bears are here! Hide! EUR tested resistance @ $1.058, the correction to $1.01 - $0.99 has now started.