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EURUSD-2

#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
Long
by Skandhatrade
EURUSD is on the way to refresh monthly highEURUSD stays on the front foot after successfully breaking a one-week-old descending resistance line, now support around 1.0290. The upside momentum also crossed the support-turned-resistance line from November 04, close to 1.0370. That said, firmer RSI and bullish MACD signals keep the buyers hopeful of keeping the reins beynd the 1.0370 hurdle, which in turn could allow the pair to refresh the monthly top, currently around 1.0480. In doing so, the 61.8% Fibonacci Expansion (FE) of November 10-21 moves, near 1.0560, will gain the market’s attention ahead of late June’s peak of 1.0615. Meanwhile, a downside break of the resistance-turned-support line of 1.0290 could quickly fetch EURUSD towards the weekly bottom surrounding 1.0226. Following that, a south-run towards a one-month-long horizontal support area between 1.0100 and 1.0085 will be in focus. In a case where the pair sellers dominate past 1.0085, the 200-SMA level near 0.9985 may act as the last defense of the buyers. To sum up, EURUSD remains firmer past short-term key resistances and signals additional upside.
by MTradingGlobal
#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
Short
by Skandhatrade
EURUSD next move (1 week Prediction) with one hour chartAs per previous chart history, EURUSD can move according to the points as mentioned below: Short below @1.02600 Local Support Line @1.00980 Major Support Line @0.99000 below this blood bath in EURUSD but if reversal then these support lines (Local, Major) will work as resistances. Long above 1.03100 TP1 @1.03300 TP2 @1.03800 TP3 @1.04100 These are my calculations and not investment advice. Do you own research below putting any trade because market is very volatile.
by ForexTrader4all
#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
Long
by Skandhatrade
EURUSD needs a sustained break of 1.0430 to avoid a pullbackEURUSD refreshed a 4.5-month high by piercing the 200-DMA ahead of the US Retail Sales. Even so, a successful break of the stated key moving average level, around 1.0430 by the press time, appears necessary for the bulls to keep the reins, in addition to the downbeat US data. Following that, the 78.6% Fibonacci retracement level of May-September declines, near 1.0520, could act as an additional upside filter before directing buyers towards the late June high near 1.0615. In a case where the pair remains firmer past 1.0615, the odds of crossing the mid-2022 peak surrounding 1.0785 can’t be ruled out. Meanwhile, EURUSD’s failure to provide a daily closing below 1.0430 could trigger a pullback towards a six-month-old horizontal support area near 1.0370-50. Should the pair breaks the multi-day-old support region, the 61.8% Fibonacci retracement level and September’s high, respectively near 1.0300 and 1.0195, could test the bears. It’s worth noting that a one-week-old support line and the 100-DMA, close to 1.0065 and 1.0025 in that order, are likely the last defenses for the pair buyers, a break of which will highlight the yearly low. Overall, EURUSD buyers remain in the driver’s seat but the further upside hinges on a 1.0430 breakout, as well as the US data.
by MTradingGlobal