EURUSD fades three-week-old recovery as it remains below a downward sloping trend line from early February, around 1.0745 by the press time. Also keeping sellers hopeful is the RSI retreat and a downside break of the 1.0690 support-turned-resistance confluence, comprising an ascending support line from May 13 and 10-DMA. That said, the bears seem approaching 23.6%...
EURUSD has formed head and shoulders on 4H chart. Breakout, retracement leg is complete as well. Conditions seem ripe for H&S bullish continuation push upwards. Measured move target: 1.08.
EURUSD in Retracement till 1.0500 the Strong Demand zone. We can expect Bullish after the 4hr retracement. Kindly, recheck your analysis. Don't forget to trade with a proper Risk & Money Management. Let me know what else you want in comments below. Thank and Happy Trading.
Still eurusd is in downtrend, use proper risk management !Happy trading
Eu is going to have a correction on the downside for the previous rise . One should go short on current levels with day high SL and look for the target of 1.06 atleast
EURUSD remains firmer inside a fortnight old bullish channel ahead of the Fed’s preferred gauge of inflation, also staying beyond the key SMAs. Currently, the channel’s upper line surrounding 1.0800 lures the pair buyers, a break of which will direct them towards the 78.6% Fibonacci retracement (Fibo.) of April 21 to May 13 fall, near 1.0820. It’s worth noting...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.0605). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
EURUSD consolidates the biggest daily gains in nearly three months around a fortnight top during Tuesday. In doing so, the major currency pair retreats from a weekly ascending trend channel’s resistance line amid an overbought RSI. However, the quote remains beyond the 200-SMA and previous resistance line from late March, respectively around 1.0650 and the 1.0560....
EUR/USD clings to gains near 1.0600 amid relentless USD selling, German IFO eyed #EURUSD #DollarIndex #Fed
Hello Traders, Hope you all are doing good!! I expect EURUSD to go down after this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve...
Amid possible crisis upheld dollar is supposed to weaken further, from a fundamental point of view. my research shows the selling pattern that formed from April considering the double top formation that triggered the huge selling orders continuing to the next 2 months, as in these 2 months the news releases indicate the further sale and the same pattern has been...
great sniper entry fromhere to berrish . i hope smart brain wont miss this chance
EURUSD portrays a bearish consolidation inside a seven-week-old descending trend channel ahead of the key Eurozone GDP for Q1 2022, the US Retail Sales for April and a speech from Fed Chairman Jerome Powell. Although oversold RSI conditions challenge the pair’s further downside, a convergence of the stated channel’s resistance line and the 10-SMA, around 1.0500,...
eurusd is in disjoint channel 1. will continue in same trend....
Although the weekly channel restricts EURUSD moves while other major currency pairs portray heavy selling against the USD, the bearish flag formation joins downbeat MACD and RSI signals to keep sellers hopeful. Additionally favoring the pair bears is the sustained trading below a descending trend line from March, as well as the 200-SMA and a six-week-old...
Eurusd is currently on strong support of 1.049. if it break support then it may fall to 0.8/9. Till than wait for bullish engulf candle for confirmation.
EURUSD in buy, don't miss with Buy Limit with tight stop loss. It's in pullback now. Thank you, Happy and Safe Trading. Note: plz, note this as my analysis. Trading is subject to market risk.
EURUSD holds onto the one-week-old sideways grind ahead of the key Federal Open Market Committee (FOMC). As a 0.50% rate hike is well-known, as well as priced-in, the Fed will have to supersede market expectations to stay ahead of the curve and keep US dollar on the throne. In that case, the 100% Fibonacci Expansion (FE) of February-March, around 1.0485, holds the...