EURUSD
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.07617
Zone area & horizontal swing high resistance
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.07617
Zone area & horizontal swing high resistance
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.05617
Zone area & horizontal swing high resistance
Bearish RSI divergence teases EURUSD sellers on a crucial dayAlthough the EURUSD pair is all set to register the biggest monthly gain since September 2010, a bearish RSI divergence on the Daily chart challenges the quote’s further upside as traders await Eurozone inflation and a speech from Fed Chair Jerome Powell. The price-negative signal could be known when the quote makes higher highs but the oscillator, RSI (14) in this case, prints lower tops. Also raising doubts about the pair’s further upside is its repeated failures to stay successfully beyond the 200-DMA, currently around 1.0380. It’s worth noting, however, that a fresh high of the monthly, close to 1.0500 at the latest, could reject the bearish divergence in case the RSI ticks up beyond the latest peak surrounding 60.40. Even so, the highs marked during late June near 1.0615 will precede the June month’s top of 1.0773 to test the bulls before allowing them to challenge May’s peak of 1.0786.
Meanwhile, the previous weekly low close to 1.0220 seems to lure the short-term sellers of the EURUSD pair. Following that, September’s high near 1.0195 could act as the last defense of the buyers before directing the prices towards October’s top of 1.0088. In a case where the quote remains bearish past 1.0088, the parity level will precede the early September swing low around 0.9865 to please the bears.
Overall, EURUSD bulls are running out of steam as they brace for the key data/events.
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.05617
Zone area & horizontal swing high resistance
EURUSDThe EURO DOLLAR seems to be bullish in the short term, buyers has been pushing up and they wanted to reach the resistance around 1.0600 which is falling trendline resistance. Currently the price is trading within horizontal resistance which is now acting as support, around the resistance and price is testing the breakout, there's raising trendline, and bullish flag printed there, all those signs signaled for bullish continuation to the 1.0600 resistance for the pullback. However trading below the horizontal resistance may signal for bearish movement. But we look ahead to fundamental aspects, dollar is being more weak for FED's pivot and expectation to halt for increment of interest rates.
EURUSD Daily Support@ 1.03484 U.S. Dollar Declines and Dow Jones Rises on Slower Rate Hike Signals
Yesterday’s volatility level was lower due to the Thanksgiving bank holiday and may also be reduced today for some assets. The main news in the market continues to be China’s “Zero COVID-19” policy. So far, the government has not placed any cities in lockdowns as we have seen in the past. This is positive oil prices and global supply chains. Mass testing and isolation have already significantly lowered demand and economic activity.
The US Dollar continues to decline for a fourth consecutive day but has shown signs in the past 24 hours of finding resistance. US investors have mainly been focused on the signals from the Federal Open Market Committee this week regarding a reduced rate hike for December. No news or data is scheduled for today or Monday related to the US Dollar. This morning, the US Dollar Index remains below the 106.00 psychological level.
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.05617
Zone area & horizontal swing high resistance
EURUSD is on the way to refresh monthly highEURUSD stays on the front foot after successfully breaking a one-week-old descending resistance line, now support around 1.0290. The upside momentum also crossed the support-turned-resistance line from November 04, close to 1.0370. That said, firmer RSI and bullish MACD signals keep the buyers hopeful of keeping the reins beynd the 1.0370 hurdle, which in turn could allow the pair to refresh the monthly top, currently around 1.0480. In doing so, the 61.8% Fibonacci Expansion (FE) of November 10-21 moves, near 1.0560, will gain the market’s attention ahead of late June’s peak of 1.0615.
Meanwhile, a downside break of the resistance-turned-support line of 1.0290 could quickly fetch EURUSD towards the weekly bottom surrounding 1.0226. Following that, a south-run towards a one-month-long horizontal support area between 1.0100 and 1.0085 will be in focus. In a case where the pair sellers dominate past 1.0085, the 200-SMA level near 0.9985 may act as the last defense of the buyers.
To sum up, EURUSD remains firmer past short-term key resistances and signals additional upside.
EURUSD Sell trade opportunitiesEURUSD Sell trade opportunities
Overall it's a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart it will be a very good opportunity to sell the trade with good risk rewards
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
0.095200
Next Zone area & horizontal swing Low support
1st Resistance
1.05617
Zone area & horizontal swing high resistance
EURUSD next move (1 week Prediction) with one hour chartAs per previous chart history, EURUSD can move according to the points as mentioned below:
Short below @1.02600
Local Support Line @1.00980
Major Support Line @0.99000 below this blood bath in EURUSD but if reversal then these support lines (Local, Major) will work as resistances.
Long above 1.03100
TP1 @1.03300
TP2 @1.03800
TP3 @1.04100
These are my calculations and not investment advice. Do you own research below putting any trade because market is very volatile.
EURUSD Weekly Range Breakout 1.0479-1.0283 , Restesting High EURUSD slides below 1.0350 as US Dollar finds demand
EURUSD trades below 1.0350 in the American session. Wall Street's main indexes opened with a soft tone while their overseas counterparts trimmed a good bunch of their early gains. In the absence of high-tier data releases, Fedspeak will be eyed for fresh impetus.