EURUSD bulls struggle at an 11-week-high as an upward-sloping trend line resistance challenges the major currency pair’s further upside around the 1.1000 psychological magnet. Adding strength to the stated resistance is the overbought RSI conditions. Even if the quote manages to cross the 1.1000 hurdle, the YTD high marked in February around 1.1035 could act as an...
EURUSD extends the previous day’s pullback from a seven-week-old ascending resistance line as it pares the weekly gains, the third consecutive one. While the overbought RSI joined the stated resistance line to recall sellers, bullish MACD signals and a two-week-old ascending trend line, around 1.0820, challenge the Euro bears. Following that, the 100-SMA and...
EURUSD braces for the biggest weekly gains since early January even as it eases from a 2.5-month-old horizontal resistance area surrounding 1.0930 ahead of this week’s top-tier data, namely the Eurozone and US inflation clues. That said, a fortnight-long ascending support line joins firmer oscillators to keep Euro pair buyers hopeful of crossing the critical...
After stalling a four-month winning streak in February, EURUSD prints mild gains so far in March. That said, the major currency pair’s latest recovery takes place from the 1.0540 support confluence comprising the 200-day Exponential Moving Average (EMA) and a three-month-old ascending support line. The upside momentum also takes clues from the upward-sloping RSI...
EURUSD began the month of March on a positive note by crossing a one-month-old descending trend line, as well as poking the 1.0690 resistance confluence including the 200-EMA and 61.8% Fibonacci retracement of the January-February upside. The recovery also justified bullish MACD signals. However, the RSI (14) retreated from the overbought territory and triggered...
EURUSD remains above the top line of a three-month-long bullish after the Fed-inspired volatility. The nearly overbought RSI (14), however, suggests that the bulls are running out of steam of late. That said, the 100.0% Fibonacci Expansion (FE) of the pair’s moves between November 11, 2022, and January 06, 2023, close to 1.1045, appears immediate hurdle for the...
It breaks the structure and we have to plan to short it
EURUSD has finally completed its long correction upside. The ending diagonal is also completing and price reversal is expected from this level. For adding shorts, the stop loss can be used at the previous high (wick). We can see impulsive move downwards in the coming week to finish its bearish sequence.
If you have a plan trading EUR pairs, i suggest you to try paying attention to EURNZD
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...
Trading Setup: There is a Trading Signal to Sell in EURUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0208 ⭕️SL@ 1.0239 🔵TP1@ 1.0111 🔵TP2@ 1.0050 🔵TP3@ 0.9928 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our...
EURJPY is looking for sell after having ascending channel formation on the daily timeframe & has corrective phase on 4h which has the clear formation for the move to the downside.
Hello Traders, Hope you all are doing good!! I expect EURUSD to go down after this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve...
we can aspect around 90 pips below from the CMP of the eurnzd
Trading Setup: There is a Trading Signal to Buy in EURUSD Currency Pair. Traders can open their Buy Trades NOW Rank : ⭐️ ⬆️Buy now or Buy on 1.0869 ⭕️SL @ 1.0759 🔵TP1 @ 1.1085 🔵TP2 @ 1.1258 🔵TP3 @ 1.1458 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you...
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
Daily time frame consolidate trend line break on daily time frame ready for long target , swing trade.
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