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Eurusd-4

EURUSD pair analysis for both directionBased on the current scenario we have 3 levels approaching, as of now it's neutral and it can be seen that it just started a bullish run as we overcome the breakeven point at 1.10200 if it breaks 1.10400 then we have a strong bull rally and if it doesn't survive we might test the levels of 1.10200 couple of times. If it breaks then 1.10200 then it means the bearish trend continues. The chart here demonstrates the analysis. The entire thing is just an analysis, trades to be taken are at your own risk.
by Leokin3
EURUSD bulls need validation from 21-DMA to retake controlsEURUSD’s corrective pullback remains below 21-DMA, as well as a two-week-old ascending trend line, suggesting a further downside towards the lower end of the latest range between 1.1120 and 1.0900. However, the 23.6% Fibonacci retracement (Fibo.) of February-March downside acts as an intermediate halt around 1.0980. While the bearish MACD and downward sloping RSI favor the bears of late, the prices have little room on the downside before the RSI turns oversold. As a result, the 1.0900 support is likely acting as a trigger for fresh buying, if not then the quote’s south-run towards the monthly low near 1.0800 can’t be ruled out. Meanwhile, the 21-DMA level surrounding 1.1035 guards the quote’s short-term rebound ahead of the previous support line from early March, near 1.1045-50 at the latest. In a case where the EURUSD prices rally beyond 1.1050, the upper end of the aforementioned trading range, close to 1.1120, will lure the bulls. It should be noted, however, that the pair’s successful break of 1.1120 will enable the buyers to challenge the 50-DMA level surrounding 1.1200. Overall, EURUSD is likely to decline further but the south-run has a limited horizon to cover.
by MTradingGlobal
EURUSD bulls are at test inside fortnight-old triangleEURUSD braces for the first positive week in six, despite recently drop back to a two-week-long symmetrical triangle during early Friday. Given the bullish MACD signals and firmer RSI, the major currency pair is up for crossing the aforementioned triangle’s resistance line, near 1.1105. Even so, the 200-SMA and a seven-week-old horizontal area, respectively around 1.1200 and 1.1265-75, become tough nuts to crack for the bulls. Alternatively, pullback moves remain elusive beyond the 1.0960 level comprising the lower line of the aforementioned triangle and 23.6% Fibonacci retracement of February-March downside. Following that, the 1.0900 and the monthly bottom surrounding 1.0800 will challenge the EURUSD bears. It’s worth noting that the pair’s downside past 1.0800 will make it vulnerable to test the 61.8% Fibonacci Expansion (FE) of January-March moves, close to 1.0700. To sum up, EURUSD prices do gain upside momentum of late but the bulls have a long road to travel before taking control.
by MTradingGlobal
EURUSD ANALYSIS ON H4 CHART.Overall, EUR/USD is trending downwards. Recently, EUR/USD traded into the support zone of 1.10000. The European Central Bank (ECB) held its monetary policy unchanged during its meeting yesterday. The central bank sent out a hawkish tone when it announced that it will speed up its QE tapering if the eurozone economic data warrants it to do so, potentially ending bond-buying during the third quarter of 2022. Currently, EUR/USD is testing the support zone of 1.10000 and the next resistance zone is at 1.12000. Look for short-term buying opportunities of EUR/USD if it bounces off the support zone of 1.10000.
Long
by charliedavies770
EURUSD keeps bearish megaphone breakout on ECB dayEURUSD extends the early week rebound from a 22-month low, also holding the previous day’s break of a bearish broadening pattern as traders brace for the European Central Bank (ECB) monetary policy meeting. Given the recently improving MACD and RSI, the pair’s recovery moves are likely heading towards a six-week-old horizontal area between 1.1100 and 1.1125. However, the 100-SMA and multiple levels marked since January 25, respectively around 1.1190 and 1.1270, will challenge the pair buyers. Meanwhile, the resistance-turned-support line of the stated megaphone pattern, around 1.1015 at the last, will direct EURUSD towards a three-day-old ascending support line, close to 1.0920. In a case where the pair sellers conquer the immediate support, the latest multi-month low near 1.0800 and April 2020 bottom surrounding 1.0725 could flash on their radars. It should be noted, however, that the bears will have a tough time breaking the 1.0700 level, comprising the lower line of the megaphone and may bounce from the same should the fundamentals support. To sum, ECB is widely anticipated to keep the current monetary policy unchanged and may accept the fear of stagflation, mainly due to the Russia-Ukraine tussles. However, any positive surprises may trigger the short-covering moves as the quote trades near the multi-month low.
by MTradingGlobal
EURUSD mark up phase starting if we breakout 1H W patternfor EURUSD I am expecting a mark up phase during Mon-wed cycle and start forming a big W pattern. After this 7 days (2 weekly cycle) mark down phase to the downside which was level 3 of 1H cycle and now. confluences- MM has absorbed all orders of 1.09 and recovered the 4H vector candle + There is a huge of 4H divergence + the GAP is still remaining so if they form a W pattern we might be starting a new 1H mark up cycle + there is a chance of starting a new 1H cycle with a smaller W patter (15 min) as it has happened a lot in the past
Long
by Aditya_Mishra1