At the time of writing, the EUR/USD was up 0.08% to $1.06057. A mixed start to the day saw the EUR/USD fall to an early low of $1.05946 before rising to a high of $1.06148. The EUR/USD needs to move through the $1.0615 pivot to target the First Major Resistance Level (R1) at $1.0654 and the Thursday high of $1.06728. A return to $1.0650 would signal a bullish...
The eurozone will release core inflation rate The eurozone will release the core inflation rate based on the Harmonized Index of Consumer Price (HICP). The index tracks changes in the prices of goods and services customers buy in all eurozone countries. The report is important because the European Central Bank (ECB) will consider the data when deciding on its...
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...
The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0621 and the Tuesday high of $1.06453. A return to $1.06 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major...
FX:EURUSD Good to short. Long term trade. Hold till TP for more gains 🚀
FX:EURUSD Good to short . Long term trade.hold till tp hit 🚀
Looking to short EU in London above the daily open price and holding it till 10am - 12am ny
Hello Traders! 1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts. 2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached. 3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That...
As mentioned earlier - It had a perfect breakout .
You can easily see in the video that we are having a falling edge pattern both on 3 hours and 4 hours time frame. Hold on to your positions and dont go short.
EURUSD dropped by almost 0.06% as inflation fears increased due to Fed's latest statements. Possible effects for traders Today, Germany will release the second assessment of Q4 GDP and the GFK Consumer Sentiment Index. Another important event is the U.S. PCE report for January. Overall, the Fed seems ready to continue further rate hikes, supporting the U.S....
FX:EURUSD Good to long. Long term trade. Hold till TP for more gains 🚀.
Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today. 20th Feb DH - 1.07045 DL- 1.06701 21ST FEB PIVOT - 1.0686 R1-1.0703, S1- 1.0668 R2-1.0721, S2- 1.0652 R3- 1.0755,...
Good to short .Hold till the TP for more gains .Long term trade.
If you get any reversal pattern, you can sell XAUUSD NEar 1942-44 and one can buy near 1918-20 if they get any reversal pattern in 5 min chart like Hammer folowed by engulfing candle. If it breaks the 1915 level on closing basis, then we may see 1890-1865 level very soon. I am expecting that after touching the price of 1944, it will touch 1890-1865 level for a...
Be it sustained trading below the 3.5-month-old ascending trend line or the bearish MACD signals and downbeat RSI (14), not oversold, the EURUSD pair has it all to lure bears as first readings of Eurozone Q4 GDP and US CPI for January loom. Even so, the pair’s latest run-up beyond the 50-DMA hurdle seems to challenge the bears. That said, the quote’s fresh selling...
FX:EURUSD Good to long.Long term trade .Hold till the TP and traget for gains