eur/usd market has been on a bear cycle for a good amount of time on lower and higher time frames, market seems to be respecting a bearish trendline and we see price has recreantly decreased, and even broken a support zone which is not acting as resistance, i took some short positions here, we will see how the market plays out
There is a lot of important EURUSD news coming up this week.
By the end of the week we will see US inflation data and interest rate announcements from the FED and ECB.
This news will determine the movement until the end of the year.
It is recommended not to enter into trades at this time and wait for proper grounds.
On a break to 1.0660 we will be looking at a...
EUR/USD: The euro did not show any significant signs of recovery in this week's trading. Therefore, you can consider the following options: In a short-term scenario, the EURUSD could retest the price reaction zone around 1.0800 Ace and wait for a sell-off in this area in relation to the expected FOMC information. Eurodollar could still be a period of accumulation...
On Friday, I was looking for a possible higher low and a move higher for EURUSD but was strong as price w as capped by previous strong resistance level and it sold down on NFP to a strong double support and rebounded rather strongly.
But given that Friday's price action is bearish and trend is still down (until we get a close above BZ), would look for further...
In the dynamic world of forex trading, strategies that cater to the ever-changing market conditions are invaluable. While fundamental analysis is widely embraced in stock trading, its effectiveness in the forex market is often questioned. Unlike the stock market, where financial statements can significantly impact individual stocks, the forex market is influenced...
EURUSD has pretty much the same move as GU showed us from friday, looking at our highs here for a liquidation into lower lows so as we stand we just have to wait for that move to come around and show itself.
We anticipate an upward movement in the price towards the intersection of the classic resistance zone with 23.6% due to the expected retracement in the DXY, followed by a subsequent decline.
I'm thinking that EURUSD will continue to hold at the 1.0750 level and continue to rise this week. Good data next week will help create bullish momentum and continue the uptrend. Last Friday closed with a decently sized pin bar.
hello Guys .EURUSD Today is in a Down Trend Which we Don't Want to be Going Against it Because the Trend is your Friend Till the End, so am Going to be Expecting a Sweep and Continuation to the Downside.
FX:EURUSD
Hello traders,
Wave 3 has probably ended at 1.07238 zone. Wave 4 is supposed to materialise towards
the resistance zone at 1.08286-1.08700. Then wave 5 is supposed to materialise towards
the support zone at 1.06880-1.06460.
Thanks.
This Daily chart shows how the price has retraced to 0.618, after breaking down the previous uptrend, and has reversed. The two support levels at previous HLs have been broken that confirms the break of structure and reversal in to a down trend that may last several weeks. The weekly chart shows a much clearer picture of an overlapping structure also confirms...
