The bullish run in the EURUSD market seems to have hit a roadblock as it neared the 1.075 level, marked by the emergence of a bearish pin bar candle on the daily chart. This small but significant bearish signal occurred at a crucial point of convergence. In light of this development, it's advisable to exercise caution. If you've been holding a long position, it...
The U.S. dollar edged lower in early European trading Monday, falling to a six-week low and extending last week's decline on a less hawkish stance from the Federal Reserve. At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 104.782, after falling more than 1% last week, the sharpest...
You can see the scenario that I looking for. I am waiting for the price to touch the bullish order block and then with low timeframe confirmation, we can enter the buy position. We can define the previous high as a target. If the price breaks the previous high before entering the bullish order block this TA is not valid anymore. 💡Wait for the...
EURUSD New forecast The price of EUR/USD rose up last week as it approaches the expected positive target at 1.0760, and is moving within an ascending channel that supports the chances of surpassing this level and opening the way for further upward correction during the coming sessions, heading towards visiting the 1.0807 and 1.0836 areas as the next main...
Dear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might be just around the corner. I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart , which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel...
Hello traders, in my last week's EUR/USD update I advised buying when the price was near 1.0550. That buy trade generated nearly 100 pips profit. Currently, EUR/USD looks all set to reach the top of the price channel at 1.0720. That area also happens to the 100-day EMA level on the daily chart. So, it needs to be seen how price reacts if it reaches the 1.0720 level.
Dear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might have just began I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart, which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support. So, a...
This chart shows the 1hr analysis I have landed at. Last weeks analysis played out rather accurate and ended at the final spot I predicted as we ended bullish for the Euro. I see the geopolitical news being a factor that the dollar is getting beat up the way it is, as well as Gold on its move last week, there wasn't much give for the Dollar. I have several...
First and foremost, the formation of a bottom, commonly referred to as a "double bottom" in technical analysis, has emerged as a strong foundation for the bullish sentiment surrounding EUR/USD. This pattern indicates a potential trend reversal, and traders are closely monitoring this formation as a sign of the end of the recent downtrend. However, it's worth...
Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Now price is in bearish order block and we could see a rejection only if price changes the structure on lower timeframe. I see a potential downside price to fill the imbalance lower. Like, comment and subscribe to be in touch with my content!
Expecting the fibre to re-test support level below 1.07000 early next week, IF the decline is rejected, then EURUSD will be targeting liquidity above 1.09446. N.B! - EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your...
Market Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for EURUSD for the upcoming week. USD News this week. I'm looking to buy this upcoming week What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market...
The buyers finally managed to have possession of the price for 2 days in a row. A spectacular comeback, with a Dxy that seems to have more and more problems, the FED pause, and bad data for the dollar +investors who can't wait to sell their dollar to buy everything on the market at a discount.
EURUSD bot at 50% Weekly Fibo Now trading inside the channel pressured to go Bull based on recent positive economic indicators. If next week economic data provide positive results then EURUSD is set to go Long! If economic results are bad we are will be looking for Bears to push EURUSD down to test 50% Fibo again on a Weekly Double Bottom test. Great entry...
A narrow range has dominated trading in the EUR/USD pair since the morning, awaiting the release of US economic data, which is expected to cause mixed trading in the markets. The general expected tendency for today: Neutral Pivot Price: 1.06295 Resistance prices: 1.06634 & 1.06871 & 1.07067 Support prices: 1.06054 & 1.05840 & 1.05567
Once the sellers retested the 1.07 region, the bearish momentum lost its strength and failed to push the price beneath the support zone at 1.05. The prominent long lower shadow observed in the latest session indicates a robust upward pressure on prices, hinting at the resilience of the 1.05 level against a potential breach. Our current approach remains focused on...
As I posted in Mind, I am waiting to break the barrier of 1.05861 to go up on another strong support of 1.06520.. Hopefully my analysis will be correct again