EURUSD-2
EURUSD juggles near six-month high ahead of Fed meetingDownbeat US inflation data propelled the EURUSD pair to the highest levels since June on Tuesday. However, the upper line of the one-month-old bullish channel, currently around 1.0670, probed the pair buyers at the multi-day top. Also challenging the Euro bulls is the overbought RSI conditions suggesting a pullback in prices. As a result, an upward-sloping trend line from the December start, close to 1.0520 at the latest, can’t be ruled out. However, 100-SMA and the bottom of the stated channel, respectively near 1.0450 and 1.0400, could challenge the pair sellers afterward. In a case where the Fed sounds too hawkish and the pair defies the bullish chart pattern, a slump towards the 200-SMA and then to the late October swing high, near 1.0275 and 1.0090 in that order, can’t be ruled out.
Meanwhile, successful trading beyond the immediate hurdle, namely the aforementioned channel’s top near 1.0670, could get another chance to retreat near the 1.0700 threshold due to the consistently overbought RSI. In a case where EURUSD bulls ignore RSI and cross the 1.0700 resistance, May’s peak near 1.0785 and March’s low surrounding 1.0805 could act as the last defenses of the pair sellers. That said, the pair’s sustained trading beyond 1.0800 may target a late April high near 1.0935 and the 1.1000 round figure.
Overall, EURUSD bulls are likely to occupy the driver’s seat unless the US Federal Reserve appears too hawkish, which is less anticipated.
EURUSD In eurusd 1hr chart, uptrend going on after 7th December there were to POIs at which price reacted.
EURNZD SELLING IDEAIf you have a plan trading EUR pairs, i suggest you to try paying attention to EURNZD
here is the analysis presented for monday this analysis is based on SND and major structure
but done on only 5 min. timeframe personally
i'll took entry on this
EURUSD 4H analysis for upcoming weekEURUSD 4H analysis for the upcoming week
Price is stuck in 4H range but its bullish
EURUSD Pivot Support@ S1=1.0493 , PP=1.0541Euro eyes fresh multi-month highs
EUR/USD has continued to push higher toward 1.0600 early Friday after having registered its highest daily close since late June at 1.0555 on Thursday. The near-term technical outlook shows that the bullish bias stays intact despite the modest pullback witnessed in the early European morning.
EURUSD grinds higher inside three-week-old bullish channelEURUSD is likely to end the two-week-old winning streak as traders brace for key consumer-centric data from the US. However, an ascending trend channel from November 15 portrays the short-term bullish bias of traders. That said, the monthly high surrounding 1.0600 and the stated channel’s top near 1.0620 limits the quote’s immediate advances. In a case where the pair defies the bullish chart pattern by crossing the 1.0620 hurdle, the upward trajectory could aim for May’s high near 1.0785.
On the downside, the 100-SMA level of 1.0400 restricts the nearby downside of the major currency pair, a break of which will highlight the channel’s support line surrounding 1.0380. Should the EURUSD bears manage to conquer the 1.0380 support, the odds of witnessing a slump toward the 200-SMA level near 1.0200 can’t be ruled out. However, tops marked during late October and early November close to 1.0100-0090 offer a strong support zone to the sellers.
Overall, EURUSD remains firmer inside the bullish chart formation but the upside room appears to be limited.
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.07617
Zone area & horizontal swing high resistance
EURNZD BUY IDEA LONG TERMEURNZD may have another risk of 200pips before its pump up to 1600pips.
the ECB may continue to hawkishly monitor the economical factors within the Euro Area even thou recession fear on focus, the Reserve Bank of New Zealand may pause hiking rates coming months which will give EUR more advantage ahead of 2023.
EURUSD Down Trend.!#EURUSD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
EURUSD Sell trade opportunitiesEURUSD Sell trade opportunities
its overall sell trend recently breakout support level and here is a good opportunity to sell to the next support level
EURUSD weekly analysisEURUSD weekly analysis
Price tapping into monthly supply, still I think the price will sweep liquidity as marked
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.07617
Zone area & horizontal swing high resistance
EURUSD Down Trend.!#EURUSD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.07617
Zone area & horizontal swing high resistance
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.05617
Zone area & horizontal swing high resistance
Bearish RSI divergence teases EURUSD sellers on a crucial dayAlthough the EURUSD pair is all set to register the biggest monthly gain since September 2010, a bearish RSI divergence on the Daily chart challenges the quote’s further upside as traders await Eurozone inflation and a speech from Fed Chair Jerome Powell. The price-negative signal could be known when the quote makes higher highs but the oscillator, RSI (14) in this case, prints lower tops. Also raising doubts about the pair’s further upside is its repeated failures to stay successfully beyond the 200-DMA, currently around 1.0380. It’s worth noting, however, that a fresh high of the monthly, close to 1.0500 at the latest, could reject the bearish divergence in case the RSI ticks up beyond the latest peak surrounding 60.40. Even so, the highs marked during late June near 1.0615 will precede the June month’s top of 1.0773 to test the bulls before allowing them to challenge May’s peak of 1.0786.
Meanwhile, the previous weekly low close to 1.0220 seems to lure the short-term sellers of the EURUSD pair. Following that, September’s high near 1.0195 could act as the last defense of the buyers before directing the prices towards October’s top of 1.0088. In a case where the quote remains bearish past 1.0088, the parity level will precede the early September swing low around 0.9865 to please the bears.
Overall, EURUSD bulls are running out of steam as they brace for the key data/events.
