EURUSD
EURUSD Macro and Technical ViewPoor macros, #Gas prices continue to rise and the risk of rationing and high prices continue to haunt the continent. European gas contract are near to click a fresh all time high. On technical terms we can see multiple descending trendlines pushing the pair down . The fall below parity and quick 3 day short covering pushed #EURUSD to 1.02700. Current trading range for the pair is 1.02700 - 1.02000 and a break above or below that will decide further action. Technical Structure and Macro factors are signaling bearish action for upcoming days.
#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:
0.98504
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
Zone area & horizontal swing high resistance
EURUSD portrays bearish set-up ahead of US NFPBe it an ascending triangle or a pullback from 200-SMA, EURUSD bears flex muscles as markets await the US Nonfarm Payrolls (NFP) for July. That said, the bearish triangle confirmation looms on the clear downside break of 1.0160, which in turn could direct the pair towards the yearly low near 0.9950. However, the 1.0090 and the 1.0000 parity level could offer intermediate halts during the fall. In a case where the pair sellers dominate below the 0.9950 trough level, the 61.8% Fibonacci Expansion (FE) of late June-July moves, near 0.9870 might join the likely oversold RSI conditions to hinder further downside.
On the contrary, the 200-SMA and upper line of the monthly triangle offer a tough nut to crack for EURUSD buyers at around 1.0280. Following that, a run-up towards a horizontal area comprising multiple levels marked since mid-June, near 1.0358-65, could challenge the upside momentum. It’s worth noting, however, that the pair’s successful rise beyond 1.0365 could enable the bulls to aim for June’s high of 1.0588.
Overall, EURUSD stays inside a bearish set-up with an absence of oversold RSI and bearish MACD signals amplifying the odds of the quote’s downside. However, it all depends upon how well the US employment data for July arrives. A negative surprise won’t hesitate to pamper bulls.
#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:
0.98504
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
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:
0.98504
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
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:
0.98504
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
Zone area & horizontal swing high resistance
Eurusd Buy trade opportunitiesEurusd Buy trade opportunities
Eurusd is currently a Bullish trend and is expecting to break out if it closes above the Resistance area with a very strong Bulish candle then the market will be further moving into a Bullish phase after confirmation of a breakout wait to retracement then enter in Buy trade with a very good risk rewards
"Always trade with Stop Loss"
EURO/USDI have been working on EUR/USD since a long time as the charts it has completed its 3-3-5 corrective pattern and now heading towards a new motive wave. Probably now the third wave is progressing according to the daily chart.
This is clearly my idea and don't claim and signals trade according to yours lookout and analysis
Happy Trading
EUR USD 4 H EUR USD still in sell zone in this indicator strategy using we can avoid false buy and sell signals so that we can relax about that. From this strategy i am using HEIKEN ASHI chart combination of moving averages , volume and some personal strategy. IF EUR USD gives closing below the lowest point in 4 H then take strong sell entry.
EURUSD bears brace for 0.9870 with eyes on FedEURUSD remains pressured around a one-week low as traders prepared for the Fed’s verdict, likely a 0.75% rate hike and Powell’s aggression. That said, the pair’s clear downside break of the 50-SMA directs the quote toward the multi-year low marked earlier in the month around 0.9950. Given the RSI approaches the oversold territory, the pair’s declines past 0.9950 appears less expected. However, the bear’s rejection to step back from 0.9950 could open the doors for the further south-run towards the 61.8% Fibonacci Expansion (FE) of June 27 to July 21 moves, around 0.9870.
Meanwhile, recovery remains elusive below the 50-SMA level surrounding 1.0165. Following that the previous weekly top around 1.0275 could gain the EURUSD buyers’ attention. However, a convergence of the 200-SMA and downward sloping resistance line from early June, close to 1.0340, should challenge the bulls. Also acting as the key upside hurdle is the six-week-old horizontal area near 1.0360-65.
Overall, EURUSD is likely to decline further towards refreshing the yearly bottom. However, it all depends upon the Fed’s actions. Hence, the trader’s discretion is required.
EURUSD bulls have a long way ahead to take control as ECB loomsEURUSD fades a week-long recovery mode ahead of the key European Central Bank (ECB) meeting. The pullback could also be linked to the pair’s inability to cross the 100-SMA amid RSI retreat from overbought territory, which in turn suggests the further weakness of the quote. However, a weekly support line, now resistance, joins the 100-SMA near 1.0230 to challenge intraday sellers, a break of which could quickly drag the quote towards the previous Wednesday’s peak surrounding 1.0120. In a case where the major currency pair drops below the 1.0120 supports, the odds of its slump towards the parity level can’t be ruled out. However, bullish MACD signals probe the bears targeting the fresh yearly low, currency around 0.9950.
Meanwhile, a sustained trading beyond the 1.0230 resistance confluence can direct short-term buyers towards the 38.2% Fibonacci retracement level of June 09 to July 14 downside, at 1.0265. Iff the EURUSD prices cross the 1.0265 resistance, a five-week-old horizontal area including the 50% Fibonacci retracement, near 1.0360-65, could challenge the buyers. It’s worth noting that a convergence of the 200-SMA and a downward sloping trend line from June 09, close to 1.0400, appears the last defense of the pair bears, a break of which could give control to the bulls.
To sum up, EURUSD sellers seem flexing muscles ahead of the ECB’s widely known 0.25% rate hike and hence the region’s central bank should do more to defend the Euro buyers.
EURUSD bounces off key support ahead of US inflation dataEURUSD bears take a breather after refreshing the 20-year low the previous day. The corrective pullback, however, takes place at the lower end of the nearly four-month-old bearish channel. The rebound also gains support from oversold RSI and that too is ahead of the key US CPI data. Hence, sellers need caution and look for a clear upside break of the 78.6% Fibonacci Expansion (FE) of March-May moves, near 1.0140, to change the bias. Even so, the 61.8% FE and May’s low, respectively around 1.0275 and 1.0350, could challenge the recovery moves before giving control to the buyers. Overall, the bears might stay hopeful until the quote stays inside the stated channel’s resistance line, close to 1.0500.
On the contrary, the lower line of the stated channel, near the 1.000 psychological magnet, appears a tough nut to crack for the EURUSD bears. In a case where the major currency pair stays below the 1.0000 mark, the 100% FE level could act as the last defense for the sellers, a break of which won’t hesitate to drag the quote towards the late 2020 bottom surrounding 0.9860.
Overall, EURUSD bears have had a long ruling and the odds are against them of late, at least technically. However, the fundamentals suggest further downside of the pair and hence buyers need discretion.