EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears.
If it...
EURUSD is inside a Channel Up and hit today the 4hour MA200.
That is a strong buy signal on the short term in addition to the RSI entering the Buy Zone that is in effect since March 15th.
Target Resistance A at 1.10950.
Previous chart:
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Here is my view for EURUSD on H1 for May 2nd, 2023. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURUSD is trading in a
Rising channel and the price
Has retested and rebounded
From the channel support
So I think that given the
General bullish bias we
Will see a move up
Towards the 1.110 level
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.
Reason Behind the EURUSD Bullish Continuation
1. Single Candlestick Pattern Bullish Spinning Top Confirms the further upward Movement
2. Market Obey Rebound the support Zone @ 1.09200
3. Ascending Triangle Pattern Spotted and making Higher and Following Trend
Overall Possible Outcomes
Buy @ 1.09200
sl 1.08200
tp 1.11958
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.
In our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher.
Chart Analysis: EUR/USD Resistance and Support
The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level,...
Here is my view for EURUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
We have been looking at this pair since the end of Feb. We have been waiting for the price to form a strong bullish pullback.
This is opposite to the overall bigger time frame trend, which remains largely bearish. How the price is currently
setup has given us the potential to trade in the direction of the bigger time frame bearish trend which will give us a...
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Despite expectations of a decrease in inflation, its unexpected rise is a setback rather than a sign of a renewed acceleration in inflation....
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Europe is currently experiencing its largest energy crisis in recent history, with the duration of the crisis remaining uncertain. The...
EURUSD has reached 'premium' price area where we expect price to reverse and drop significantly; NFP data is crucial for EURUSD price momentum and also a decider for DXY next move.
entry Criteria.
-Price approach at the area which is label as' entry zone'
-Stop loss should be a bit above invalidation level.
-Take profit as described.
Hello traders, EURUSD is setting up for a downside move, i am currently waiting for price to break the downside support level which is also possible to become head and shoulder neckline. If price break that area and give me a beautiful retest i will be looking for a short position opportunity, in case price doesn't break the support level or neckline of head and...
From the 1D chart of EURUSD, we can see a pattern resembling a U-shaped bottom, with three bottoms around 1.05. Currently, it has reached the phase resistance level, but the pattern is not yet complete. The strong resistance level should be around 1.098-1.1.
It is not difficult to see from the 30m chart that there is support around 1.091-1.088, and 1.086 is a...
The EURUSD pair saw a short term pull back to the 4H MA50 on Friday turning that time frame neutral (RSU = 50.420, MACD = 0.002, ADX = 38.536). As long as the 4H MA100 and the RSI's HL trendline hold, we will remain bullish and target the 1.5 Fibonacci extension and R2 (TP = 1.10350). The long term pattern remains a Channel Up.
We model those levels after the...
This new move on EURUSD is adding a new strength to the uptrend after the last correction. It is not that clear till now, but it could indicate the near future moves.
the following prices in the uptrend will be (1.092).
While on the other side will be in average of (1.082).
Please note that we could face a low in the liquidity in the EUR that will affect the pair...
