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This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Eurusdanalysis
EURUSD ANALYSIS ON D1 CHART.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 revised from 54.9)
French Flash Service PMI (Actual: 55.5, Forecast: TBA, Previous: 57.0 revised from 57.1)
German Flash Manufacturing PMI (Actual: 60.5, Forecast: TBA, Previous: 57.4 revised from 57.9)
German Flash Services PMI (Actual: 52.2, Forecast: TBA, Previous: 48.7 revised from 48.4)
Flash Manufacturing PMI (Actual: 59.0, Forecast: TBA, Previous: 58.0)
Flash Services PMI (Actual: 51.2, Previous: 53.1 revised from 53.3)
Currently, EUR/USD is trading down towards the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13800.
Look for short-term selling opportunities of EUR/USD.
EUR USD sell setup foundEUR 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
Traders Trusted Academy
Will EURUSD break its monthly major support level?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.
EURUSD: CASE OF ENDING DIAGONALENDING 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 , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
TRADING STRATEGY: One should go long on the current levels or any dip , keeping a stop loss of 1.15360 look for the target of 1.16400 & above.
EURUSDDear traders,
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 period the EU will range in the area 1.18500-1.2, following that at the first weekly closing above these values to give the trend of the next period..but, I still bet on SELL until at target 2!
...even if there is a significant withdrawal because EUR is under pressure, I will remain in SELL until my final target .... 1.16 and the perfect formation of the letter M
THIS WEEK...This week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ...
Exactly as i told you in the last few months the EU has reached my target no. 2 and now i am starting a new analysis for the next period!
Even though on the 1 month chart the EU has closed below the support formed in recent years ( an extremely strong area), I expect an aggressive retreat move to around 1.17 or even higher and after ... I think it will tests for the first time this year area 1.15 ... my final target
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*This information is not a Financial Advice.
EURUSDDear traders,
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 period the EU will range in the area 1.18500-1.2, following that at the first weekly closing above these values to give the trend of the next period..but, I still bet on SELL until at target 2!
THIS WEEK...even if there is a significant withdrawal because EUR is under pressure, I will remain in SELL until my final target .... 1.16 and the perfect formation of the letter M
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
EURUSD pullback on 1,2 & 4hrLately EURUSD made downward impulsive move and now is ready for pullback 📈
Things to consider:
1. Daily impulse and correction pattern spotted
2. Retracement started and target is 0.382 on Fibonacci
3. COT data shows that hedge funds have been longing EUR so it will rise for sometime now!
How to enter:
1. Study the chart as shown in my analysis
2. Enter when the 5 and 15 MA crossover (5 above 15)
3. Macd crossing signal line
4. Break of the downtrend line
5. Entry and target on the chart
ALL THE BEST!
EURUSDDear traders,
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 period the EU will range in the area 1.18500-1.2, following that at the first weekly closing above these values to give the trend of the next period..but, I still bet on SELL until at target 2!
THIS WEEK...as I said last week, the EU has come down and is heading towards the 2nd target that I set a few weeks ago!
however ... this week I expect a rejection from this area 1.17100-1.17500 and an ascent to 1.18500 or even 1.19 and then ... DOWN AGAIN to 1.16 my final target
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.