Good probability setup on Monday. Head on to 5 min timeframe for clarity.
EURUSD fades a week-long recovery mode ahead of the key European Central Bank (ECB) meeting. The pullback could also be linked to the pair’s inability to cross the 100-SMA amid RSI retreat from overbought territory, which in turn suggests the further weakness of the quote. However, a weekly support line, now resistance, joins the 100-SMA near 1.0230 to challenge...
20 Year Long Support Broken, Short EURUSD at CMP... Target and Stoploss mentioned on chart...
My analysis This is what I try to do on a daily basis but lately the market has been too slow for me to enjoy but thankfully today was an exception :)
EURUSD bears take a breather after refreshing the 20-year low the previous day. The corrective pullback, however, takes place at the lower end of the nearly four-month-old bearish channel. The rebound also gains support from oversold RSI and that too is ahead of the key US CPI data. Hence, sellers need caution and look for a clear upside break of the 78.6%...
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
Technical outlook From a technical perspective, the RSI (14) on the daily chart is already flashing extremely oversold conditions. This makes it prudent to wait for some near-term consolidation or modest rebound before positioning for any further losses. Hence, any further decline below the 1.0000 psychological mark is more likely to find decent support near the...
The pair is in a Long term Down trend. The pullbacks on the upside should be identified as short selling opportunity.
EURUSD Daily chart Analysis and expected direction after completion of typical Butterfly pattern with downward strength
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
- EUR/USD snaps four-day downtrend at 20-year low, renews intraday high of late. - Firmer RSI, MACD joins bullish chart pattern’s confirmation to favor buyers. - 100-HMA lures buyers, sellers have a bumpy road to the south. Currently looking for short term buying opportunities in it, Proper Money management suggested.
The trend needs a pullback to the support/resistance zone. I think we can use it
EURUSD dropped to the lowest levels since late 2020 on breaking the two-month-old horizontal support area near 1.0360-50, before the latest dribbling around 20-year low. The downside also conquered the 61.8% FE of March-May moves while extending the south-run inside a four-month-long bearish channel. With this, the sellers keep reins ahead of the Fed Minutes and...
EUR/USD, “Euro vs US Dollar” Having completed the descending wave at 1.0365 along with the correction up to 1.0440, EURUSD continues falling towards 1.0354. Later, the market may correct to reach 1.0484 and then resume trading downwards with the target at 1.0300.
Try to find best entry levels for based on market structure and pa. Important levels Marked in chart, wait to price reach that levels and check for rejection from upside/downside in smaller time frames then only take trade. Buy above 1.04450 for target 1.04550,1.04750,1.05500 Sell below 1.04100 for target 1.04000,1.03700,1.03600 Can comment or ping me for any...