Despite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep.
Consider below reasons for selling market.
1. EURUSD is now trading below 50% and 61.8 fib ret.
This is clear indication that EUR could continue trading low against Cable.
2. Another...
The EURUSD pair has been trading within a Channel Down since 2021. Two important dates (March 10 with the ECB making their Rate Decision and March 16 when the Fed will announce theirs) have been marked in the chart. I'm expecting these two scenarios to Play out. However, if we break COVID 19 low point, then I'll be interested in opening shorts
EURUSD having strong sell momentum, Price expected to mitigate Daily Buy zone and retrace to either H4 Breaker block or H4 Supply/Sell Zone....So its a Buy to Sell Setup for intraday
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.19470).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the resumption of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as...
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2040).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a...
Euro against Dollar pair, continues its bullish run right from start of the April, and hope it continues till 1.21 area,,
Analysis only for education purposes
Euro against Dollar looks bearish from 6 Jan , and now it looks bullish from fibo 50 % area of 1.80 price range.. so it looks positive to finish january on 1.23 area or atleast 1.22750 area..
analysis given for education purpose only
Euro against Dollar pair, is looking bearish in the 3rd week of October, When you see the monthly chart, bearish Engulfing September month candle still expect to send the price down , in short term view, we can expect the price go down till 1.16 area this week
Note - Price action analysis for education purpose only
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts...
Midterm forecast:
. While the price is above the support 1.0990, beginning of Uptrend is expected.
. We make sure when the Resistance at 1.14950 breaks.
. If the suppor at 1.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The ascending flag taking shape suggests we will soon see another leg higher.
. While...
Euro-US Dollar contracts are presently at a make or break level, forming a scallop in a downtrend, Whether they will continue the downtrend or, reverse and breakout the linear resistance to complete the Rounding Bottom with an implied target of 1.18 from the present 1.14 (It is presently forming a flag with some conslidation near the resistance)
It has been...
