EURUSD went down from the resistance zone as we predicted yesterday. We expect further price consolidating at the support zone until we see evidence of a new trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Yesterday, EurUsd spiked up and had a very short-lived rally above 1.01. The pair reversed quickly giving us a clear signal that bears are not done yet. At the time of writing the price is hovering just above 1:1 figure and I expect a break down soon A break above 1.01 would delay this scenario
EURUSD is ranging at a major support level. The market is massively oversold. On the higher timeframes, we might see a double bottom with divergence. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The EURUSD pair has finally hit today the 1.000 (parity) level, a feat last seen on December 2002! This 20 year span is regarded by many as the closing of a Cycle, however, there is a pattern involved that we shouldn't disregard. That is the Channel Down starting after the July 2008 High (amid the Subprime mortgage crisis in the U.S.) with perfect matching Highs...
The EURUSD pair is on the 6th straight red 1D candle as it is headed towards the 1.000 level (parity) for the first time since December 2002! This may have come as a big surprise to many market participants but it was a realistic scenario based on the pair's multi-year Cycles that I pointed out last March during the first weeks of the Russian invasion in...
Two days ago, I said that there is a high probability for EurUsd to break under 1.0350 support and make a new low. Indeed, the pair dive under this support and made a low around 1.0250. At this moment the pair is consolidating and a correction could follow. In such an instance, this rally should be sold in expectations of a new low around parity. Only EurUsd back...
The EURUSD pair almost hit the 1.03470 Support and May 13 Low on Friday, held the level and see today a green 1D candle as the week started off. This is so far consistent with our view of 1 month ago: As long as the price trades below the Lower Highs (top) trend-line of the Channel Down, the long-term bearish trend is preserved. Naturally however, the 1.03470...
break rang up d1 structure and take liquidity inside demand zone d1 so i think buy market now
#EURUSD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
Even as the possibility of the EURUSD dipping to previous low hovers in the air considering the obvious signs of economic slowdown which exacerbate recession-related fears, I am of the opinion that a breakout/retest of the key level at $1.06000 could incite a bullish momentum in the nearest future to surprise the majority. Risk Disclaimer: Margin trading in the...
The EURUSD pair has been trading within a Channel Down since the February 10 High but lately in particular since June 20, it has been sideways within the 4H MA50 (blue) and 4H MA200 (orange trend-line). Our last EURUSD idea on the 4H time-frame, accurately caught the most recent top of the Channel all the way to the Support: Having a clear Support at 1.03470...
The US Federal Reserve delivered a 75 bps rate hike (the largest hike since 1994), triggering recession fears which might ripple across the major pairs in the week. Also, the ECB pre-announced it would hike rates by 25 bps in July; it is obvious that lifting rates also mean higher borrowing costs. Amidst all these development and from a technical perspective, I am...
EURUSD is ranging and there's no clear trend indication. Price action is forming an ascending channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The EURUSD pair has been trading within a Channel Down pattern since the February 10 High. The 1D MA100 (green trend-line) turned into Resistance a day later and the price has been trading below it ever since. The 1D MA50 (blue trend-line) broke only marginally recently but still made a Lower High on the Channel and the price dropped sharply. Since that drop...
EURUSD move to parity making well sense but the trend leading to it likely to stall it, the red trend line is the parity trend and the blacked trend line is the path. The first barricade is the last resistance(yellow horizontal line) the next is the black trendine. If cleared then journey to parity could actualize earlier than thought
The EURUSD pair has been trading within a Channel Down with our most recent analysis pointing to the importance of staying bearish last week as the price was testing the Lower Highs (top) trend-line of the pattern: As you see the price got heavily rejected on the 0.382 Fibonacci retracement level and is already near the middle of the Channel. During the...
A strong U.S. jobs report made clear the intentions of a monetary tightening policy, at the expense of risk assets. Technically, the deep in the price of the Euro on Friday suggests possible exhaustion of the bullish momentum to signal a reversal set-up evolving. So, going into the new week, I want to be looking for selling opportunities as long as the price...