With the US dollar on a pullback move since the week’s start, EURUSD buyers revisit the previous support line stretched from December 02 ahead of US President-elect Joe Biden’s inauguration ceremony. Although Treasury Secretary Janet Yellen has already favored further stimulus, Biden’s first words as the 46th US President will be the key. As a result, any upside...
Om Namah Shivay
Elliott Wave analysis from 20-3-2020 of EURUSD, Have taken an impulse, the point V can be at the current level or can be more up too (currency elliott character may differ), the retracement from 7-1-21 has taken the shape of 3 wave correction. This correction should reach 1.20120 as per understanding. We have too see the lower degree chart to...
EURUSD will Go Long in Mid-Term.
EURUSD in downtrend begin Jan.06, because U.S.capitol riots let be global markets money entry U.S.Dollar (Index).
EURUSD will Go Long in Mid-Term after Jan.20 U.S. presidential inauguration, and U.S.Dollar index will downtrend.
Jan.19. 2021
Reliability: 3-10 Markets Days
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.222). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
We can see a clear Trendline Breakdown + RSI Divergence. We can short below 1.22149 in 4H timeframe.
Always wait for candle to close and never make mid-candle decisions.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2285). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
EURUSD snaps three-day uptrend while reversing from the highest since April 2018 on early Thursday. The currency major bears the burden of overbought RSI conditions while nearing an upward sloping trend line from March. Not only the technical details but expected US dollar bounce on the back of likely stimulus from America, due to the Democratic victory, also...
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.229). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
1.23 area is seems to be long term Resistance for EURUSD, may this pair go down to 1.21 area before going up this week, so chance of 1.21500 or 1.20 area, then it may take long term goal of 1.25 or further
Welcome Back traders! Euraud providing us Good short opportunity 💪🏻Price has broke 4Hr channel and had a retest at week closing.Highly Recommend to take this trade.please feel free to Message me for profitable trades and account growth. Thank you
EURUSD
Chart shows key support levels
It has reversed after making 52W high
Strength built up during Nov and Dec start has become weaker than Neutral level
Fall probability is higher as long it stay below red-dot-line, Short can be entered near red-dot-line, to target green-dot-line level
It may further go down and test low near pink-dot-line level, where...
