After the recent top above 1.1, FX:EURUSD fell pretty strongly to 1.0750 support. This support held strongly and, after a short-lived dip under it on Friday, the pair recovered and is trading at 1.0904 at the time of writing. the outlook for the pair is bullish and will remain like this as long as 1.0830 is intact. Buy dips is my strategy and we could have a new...
As anticipated, EUR/USD rose and reached the significant 1.1 threshold. Right after testing this resistance level, the pair experienced a sharp decline, plummeting by more than 200 pips within a few days, suggesting the possibility of a market top. Currently, the pair is trading just above the support level (1.0760-1.0770 zone). In the short term, there's...
The EURUSD pair gave us a very successful sell signal two weeks ago (see chart below) and is on its way to hit our 1.07650 medium-term target: What we haven't at the time considered as a possibility, but we clearly see it now, is the emergence of a Channel Down, if of course the November 29 High holds, that can break the current Megaphone pattern downwards,...
Well as you can see, the price broke the major low, so we are bearish now and looking for a sell setup. In this case, we can define the supply zone (the bearish order block). If the price reaches this zone we can execute the sell position with LTF confirmation. Please pay attention it's not investment advice. Do your own research. 💡Wait for the...
Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This...
The EURUSD pair is about to hit the 1.10000 target that we placed on our trading call (see chart below) earlier this month (Nov 06), and it might be a good idea to secure the majority of longs with at least an SL above 1.0900: The target will complete a +5.48% rise from the bottom, which is the typical length of the standard rallies that the pair has given us...
The EURUSD pair followed the exact path that we pointed out on our last analysis (see chart below) as it gave a buy opportunity after a pull-back on the 1D MA50 and rebounded aggressively following yesterday's lower than expected U.S. CPI: A new pattern has emerged since, a Bullish Megaphone, with the price hitting yesterday's its top (Higher Highs...
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EURUSD New forecast The euro/dollar pair rose during the day to reach support at the 1.0700 level, showing some slight upward bias, waiting to encourage the price to resume negative trading and test the 1.0661 level initially, remembering that breaking this level will push the price to achieve negative targets starting at 1.0632 and extending to 1.0612....
Willson came to visit bro 😁 The euro pared back its recent gains post-NFP with several US central bank speakers 'outperforming' their European Central Bank (ECB) counterparts. In particular, the Fed's Logan and Bowman emphasized the resilience of the US economy and the likely need for further interest rate hikes. In short, Fed officials will likely adopt a 'wait...
The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30): The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it...
The EURUSD pair hit both of our targets on the latest bullish signal (see chart below) we gave on October 16, as it completed a technical Higher High on October's Channel Up: The price is now staging the new bullish leg as it established the new Higher Low on the Channel Up. Even though the recent Higher High was rejected on the 1D MA50 (red trend-line),...
Hello everyone. i want share my idea about EURUSD. After big bearish movement we see some consolidation but there is not any sing for trend change. Price action is easy to identify where it will go, i think the trend will continue and the reason is price falling and dollar index bullish movements which is strong with also fundamentally. Here is my setup for...
The EURUSD pair is on the verge of a medium-term trend shift from bearish to bullish as: 1) Not only did it form the 1st MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross on the 4H time-frame since July 12 2) But also is about to complete the 3rd rising Bullish Cross on the 4H MACD. Those two can give shape to a Channel Up pattern that will target...
The EURUSD pair is emphatically breaking above the 4H MA100 (green trend-line) with the only time it has done so since this July Channel Down started being on August 30. The signal to sell has always been a 4H MACD Bearish Cross, so this is what we will wait for in order to lower the risk. If successful, we will target 1.0400 (-2.33% decline as the previous...
Since the recent top from mid-July, EurUsd dropped 800 pips, counting from top to bottom. Recently, the pair found support shy under 1.05 and today, we are already in the 5th consecutive green day. Looking at the chart we can see that the pair is at a crossroads at this moment and anything could happen. On one hand, the trend is still bearish and under important...
The EURUSD had a 2-day rise that almost touched the 4H MA50 (blue trend-line). This is the counter trend rebound towards the top (Lower Highs trend-line) of the 2 month Channel Down. The 4H MA50 hasn't been broken since September 20 but even if it does, we are far from turning bullish. As long as it remains below the 4H MA100 (green trend-line), it is a sell...
After reaching the important 1.05 support last week, EurUsd corrected to the upside. However, this correction was short-lived and, after touching 1.0620 resistance, the pair started to fall again. Yesterday we also had a drop under 1.05 and at this moment EurUsd is trading at 1.0466. The trend remains strongly bearish and the road is clear to 1.0360 next...