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.
The EURUSD pair is on the second 1D green candle after hitting and closing above the 1D MA50 (blue trend-line). This is an extension of our last week analysis on the 4H time-frame: Moving up to the 1D time-frame we can see the long-term dynamics more clearly. As long as the price is closing above the 1D MA50, the pair is targeting Resistance 2 at 1.10300. A...
EURUSD is making a rising wedge on daily chart, we already broke down the wedge, but currently market will retest it again, could go up until 1.12/1.13 After that one last move down, Make sure you don't miss it I suggest shorting near 1.10/1.11 Sl 1.14 TP bellow 0.95 Good Luck
after the price made liquidity sweep the price now rejected the supply area now we expect more continuation to the downside the only confirmation for selling is to break the support level _____________________________________________________________ don't forget your risk management follow for more :))
EURUSD breakout its trend line and showing the trend change from bullish to bearish. Better to look sell opportunity on every resistance you got.
The EURUSD pair is executing our long-term well as explained on this idea earlier this month: After correcting the very aggressive rise on the day of the Fed Rate Decision, the price now found Support on the 4H MA50 (blue trend-line). With the price past a 4H Golden Cross and the 4H RSI supported on Higher Lows, this is a low risk buy entry. Our target is...
The EURUSD pair is about to form a Golden Cross on the 4H time-frame but ahead of Wednesday's Fed Rate Decision, there is plenty of room for a fear related pull-back to the 1.05765 Symmetrical Support (that has held 4 times already in one month). With Lower Lows on a Triple Bottom Zone, we'd expect downside to be limited at that point so we will open a buy and...
The decline on the EURUSD pair since the February High is having many lose sight of the long-term trend. As we called back in September, the pair was at or near a Cyclical Bottom. This chart on the 1M (monthly) time-frame helps at better understanding its long-term Cycles in the span of a decade. The blue trend-line is the 1M RSI and the orange is the 1M MA200....
The EURUSD pair rebounded exactly on the 1D MA100 (green trend-line) as outlined on our analysis a week ago, having already hit our first short-term target of 1.06800: A comparison with the last long-term rally of similar structure, from April 2020 to January 2021, shows that we just completed the 1D MA100 pull-back. If the price breaks above the 1D MA50...
The EURUSD pair reached the first target of our long-term trading plan within this multi-month Channel Up: Going back to the 4H time-frame in order to formulate some short-term planning, we see the price now testing Resistance 1 (1.06990) that has already multiple rejections since February 20. The 4H MA200 (orange trend-line) is right ahead of it and makes...
The EURUSD has suffered a strong blow to the recovery it staged last week following Powell's testimony on a potentially higher pace of interest rate hikes. This analysis is an update to our February 24 thesis, which successfully caught the first rebound: We now added the Fibonacci Channel levels and see that the price is already below the 0.236 Channel Fib....
The EURUSD pair seems to be inside a Head and Shoulders (H&S) pattern similar to that of mid-February. The big difference is that in February the Right shoulder rejection took place on the 4H MA50 (blue trend-line), while now the candle broke above it. It has already closed on 4H candle above the MA50 and the 2nd one is of high essence. One more closing above the...
The EURUSD has been trading within a Channel Down since February 03 and today failed to close above the 4H MA50 (blue trend-line) yet again. This is added to a series of failed attempts and it maintains the bearish monthly trend. A closing above the 4H MA50 should be enough to restore the bullish trend-line and in that case we will target the Fibonacci...
The EURUSD pair has been on a strong monthly pull-back for the whole month of February. Technically the pull-back has been caused by an exact rejection on the 1W MA100 (green trend-line). The correction has already broken below the 0.236 Fibonacci retracement level. Since 2009 and the U.S. Housing Crisis, similar corrections at or below the 1W MA100 have found...
The EURUSD pair gave us the decline we wanted as described on our last analysis 10 days ago: The price is now approaching Support Zone (1.04800 - 1.04500), which is also around the 0.382 Fibonacci retracement level. The Support Cluster is getting extremely strong considering that the 1W MA50 (red trend-line) is right below, which supported the price with an...
The EURUSD pair formed a Death Cross on the 4H chart, the first such formation since August 22 2022. Coupled with a higher than expected CPI today and the fact that the price closed below the 1D MA50 (blue trend-line) for the first time since November 03 2022, makes this potentially bearish for the next 10-15 days. The confirmation to sell however will be below...
Friday, EurUsd closed under 1.07 important support However, yesterday the pair lacked continuation and got back pretty quickly above this level. The market seems to be positioning for "positive" CPI data and in such an instance a rally could follow for EurUsd. I'm bullish as long as 1.0650 is intact and 1.09 could be the target in the short term.
The EURUSD pair has hit the 1D MA50 (yellow trend-line) for the second time this week and so far that is keeping it within the Channel Up of November. The 4H RSI however shows that it may be repeating the Double Bottom pattern of the first week of January and in that case could hit the Buy Zone again. When that happened then, the price made a Lower Low on January...