As you see UKRAINE - RUSSIA WAR making big impact in this pair due to geopolitical issues impacting whole EUROPE. For short duration go with short 100-200 pips not more than that huge demand area there
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Overall, EUR/USD is ranging across. Recently, EUR/USD bounced up from the key level of 1.13.
The series of eurozone flash PMI data releases yesterday indicated that business activities continue to expand. Also, the services sector in Germany has rebounded from contraction into expansion.
French Flash Manufacturing PMI (Actual: 53.1, Forecast: TBA, Previous: 55.6...
EUR USD sell setup found,
eur usd is clearly looking as 4th wave running correction
its visible that 4th wave making the triangle pattern , it could be e wave correction, so we can accept impulsive move with the previous trend continue.
Best of luck,
comment your suggestions, always welcome
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1.16195 is a major support and resistance level on the monthly timeframe. EURUSD might struggle to break it. If it breaks, next support level is 1.14272.
Waiting for the news to come in to make the EUR stronger. Most probably this analysis will be hit by a news event. Hope for the best with the Prez's speech which is in few hours.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal...
as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said last weeks... went up again in the area 1.19500-1.2 from where it went down again!
as you can see on the chart for 1 week, I expect that in the next...