EUR/USD is trading steady around 1.0750 at the start of the new week after a positive week. Technical analysis suggests that the pair could continue to rise in the near term as the price range widens. US economic data that did not meet expectations weakened the USD's strength on Friday, pushing the EUR/USD exchange rate higher at the end of the week. A further...
Hello friends! Today EURUSD remains stuck below the 1.075 resistance level as the US dollar edged up slightly. As a result, trading in the pair appears to be quieter than yesterday, when market sentiment focused on speeches from ECB policymakers. Looking ahead: EURUSD is trending down, with the 4-hour chart showing the pair entering a consolidation range....
Hello dear friends, today after EURUSD formed a triple top pattern, the pair made a more bearish correction in the short to medium term as it broke the 1.075 support level and the chart data along with The confluence between EMA 34 and 89 with the port also shows favorable signals for sellers at the present time. It is expected that after the short-term trend...
Hello all of you! On Thursday, the EUR/USD pair rebounded to the highs of the recent consolidation period, surpassing the 1.0700 handle. This recovery comes as markets readjust to risk sentiment ahead of the release of the US Nonfarm Payrolls (NFP) report on Friday. Price action has taken place around the 34, 89 EMA, as the market waits for clear momentum to...
Hi everybody! In the first trading session of the new week, the EUR/USD exchange rate increased to 1.0800 due to the weakening of the US Dollar. The USD faced a significant sell-off after the US Bureau of Labor Statistics (BLS) released a report, showing weak labor demand and a slowdown in wage growth in April. This decline pushed the US Dollar Index (DXY) to a...
Hello friends! The hesitant movements of the US Dollar (USD) seem to have created enough momentum for the continued uptrend of EUR/USD at the beginning of the week. However, the pair failed to retest or clear the key hurdle at 1.0800 for a fourth straight day of gains. The sideways trend is expected to persist and the pair will soon encounter resistance at 1.0800.
Go through the analysis carefully, and do trade accordingly. Current price- 1.06800 "if Price stay below 1.07500 then next target is 1.06000 and 1.04800" -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by...
EURUSD Short from a daily supply zone. First target +2.5. Potential hold time- few days to a week
Symbol - EURUSD EURUSD is currently trading at 1.06350 I'm seeing a trading opportunity on buy side. Buying EURUSD pair at CMP 1.06350 I will be adding more if 1.06000 comes & will hold with SL of 1.05500 Targets I'm expecting are 1.08030 - 1.08500 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Correction Pattern Clearly formed and 4H CHoCH formed to buy side.
Hello everyone, today, EURUSD continues to trade around a familiar level near 1,071 and maintains the long-term bearish trend. In terms of trend analysis: EURUSD will soon receive important information from the European HCOB Manufacturing Purchasing Managers' Index (PMI). This data will provide further insight into the pair's next direction. Short term: Today,...
Pattern clearly forming on method of SMC Already Reached 38.2% Let's see Where it goes.
wait for candel clsoe above this resistance than entry. eurusd long side trade always use SL must as your own capacity.
Hello everyone! Yesterday, after the announcement of the PCE news, EURUSD experienced a slight decrease in price. Currently, this currency pair is temporarily trading around the 1.069 level, ending the short-term uptrend at the 1.070 threshold. Looking ahead, it seems that EURUSD may have to undergo further adjustments according to Dow's theory, as it has tested...
EURUSD SWING TRADE EURUSD Order Block This Order block is vimp because its 1DAY Demand Zone. At this level we can see some Liquidty pool. Here we can take trade with 15 min CHoCH. Follow for Daily Forex Update Note - Only for education purpose.
EURUSD remains pressured at the lowest level in a week, extending the late April’s retreat from 20-SMA and a six-month-old support-turned-resistance, as traders await the US Federal Reserve (Fed) monetary policy announcements. The Euro pair’s weakness also takes clues from an impending bear cross on the MACD and an absence of oversold RSI conditions. With this,...
Today upside bias Maybe Target is 1.0777.( technical reason) Trade based on your style. There is no issues going around the world right now so Risk on mode is ON.( Fundamental reason). Don't scold me if it's wrong😂. Learn to analysis and trade by yourself is better.