Hello traders ,what do you think about EURUSD? This currency pair is approaching the resistance zone and the downward trend line, which is expected to fall to at least the specified levels upon reaching this zone. It's important to note that today's European Central Bank meeting and Mrs. Lagarde's speech, the President of the European Central Bank, could...
💶💵 EUR/USD Declines As I Wrote
💶💵 Nearest strong support zone: around the fibo level of the 0.236 rising wave.
💶💵 Nearest strong resistance zone: around local peaks.
💶💵 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
💶💵 Price action: EUR/USD is again attacking the south direction exactly as I wrote in the last post, the...
Will let the chart explain itself
Order block has been reached after anintial push to the down side.
Down below there is liquidity ($$$), so that gives me more emphasis to see it being grabbed
The rapid growth is likely to continue early next week. From the support level 156.555, we can expect growth towards resistance 157.775.
-------------------
Share your opinion in the comments and support the idea with Like.
Thanks for your support!
At the end of the week, the EURUSD currency pair came close to the resistance at 1.13738. The approach was a large candlestick, which immediately indicates a dubious breakout of this level. The most likely scenario for the development of events for EURUSD for the coming week is a false breakdown of the level of 1.13738, a return of the price to the range of...
I may look at shorting this pair next week. Although I’d like to see a solid break and retest of the marked zone on my chart. The bears seem to be in charge of this pair. Although a strong rejection would invalidate this move
AUDUSD is approaching our first support at 0.7190 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2 fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7248 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2 fibonacci retracement).
Stochastic (55,5,3) is approaching...
