EURUSD gave a seeming smooth breakout at the 1.20 level on the weekly chart, until the price began to reverse as the USD began to strengthen. Now the price is returning to the long drawn downward sloping weekly trendline. Where will the price go from here? Will the Dollar bulls take the dollar higher leading to a downward push in the EURUSD pair? Or will the...
Hi traders March Ist week turned out to be a game changer in the trading sector. Dollar strengthened with last week strong fundamentals EURO against Dollar pair starting the month with strong down movement , price action supports further continuation of down momentum .. It has a fair chance to retest the area of 1.20 and may continue its down momentum.. analysis...
With Fed’s Powell joining the league of the ECB policymakers to placate the bond bears, who ultimately failed, EURUSD bears cheer downside break of 100-day SMA for the first in over four months. However, February lows seem to question the further weakness of the pair ahead of the key US employment data for February, led by the NFP. While it is mostly expected to...
EU is on daily's support level so i just go to lower time frame and wait for market structure to break. at the break of market structure i tried to enter on it.
If we start drawing Elliot wave on EURUSD daily chart with minute degree where we will find out EURUSD currently trading towards 1.1850 at corrective “wave C” in next 2-3 months and it completed all motive waves where find out Wave 5 top 1.2352 (approx) Which may be the Wave 1 top on minor degree. Since the “Wave-1” starts all the the motive wave are matched...
As Euro is currently at strong point as on daily chart as well as 4 hour charts. Entry Point : 1.2084 ST : 1.1991 (93 Pips) TP : 1.2219 (135 Pips) Should take 2-3 Weeks for outcome
1.2186 Pending Order SL : 1.2091 TP : 1.2328 Good Luck! Apply Good Money Management Technique!
The poke above the neckline & an abrupt reversal suggests that the move was a corrective sequence against a downtrend. EURUSD should resume the downtrend against the high made in yesterday's session. Any rise should be taken as selling opportunity for minimum target area of 1.1800 region.
TODAY For some time NSE:NIFTY all 50 stocks were red. Clear signs of exit. Reversals might not be expected soon. VIX NSE:INDIAVIX Volatility Index also known as Fear Index. Rose up today by 26%+ VIX is at the levels of June 2020, Market is witnessing bears win over bulls. NIFTY50 All stocks are RED. BEARISH ZONE Advised to book all the profits u have. If...
Hello Traders!! Analysis: I have analyzed this chart using three concepts: 1) Fibonacci Retracement 2) Vertical Support and Resistance Line (Trend Line) 3) Horizontal Support and Resistance Line I have used 4 Hr time frame and also checked the monthly trend, which seems quite bullish. I think 1.2100 will be a good point for jumping on the trend. ...
Don't Miss the opportunity to buy
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.2155). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Although reflation risk propels EURUSD near one-month high, the quote battles the key hurdle from early December 2020 that probed the bulls during late-January. Not only the key resistance but the cautious sentiment ahead of the preliminary readings of the US Q4 GDP, expected 4.1% versus 4.0% forecast, could also offer near-term direction to the quote. While...
EURUSD is looking for long opportunity after the change in formation, & has the chance to make a move to the upside.
EURUSD is looking for short opportunity for the move to the downside, Has formed expanding channel formation & has the chances to make some decent RR.
Few days ago, H&S top was spotted in this pair, Now a small inverse H&S is also spotted on the same pair. Also the neckline break wasn't sustained means a failure of the H&S pattern. Above the red line EURUSD should move up aggressively.