Eurusdbuy
EURUSD Forecast 01/03/2023The EUR/USD needs to move through the $1.0597 pivot to target the First Major Resistance Level (R1) at $1.0621 and the Tuesday high of $1.06453. A return to $1.06 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session.
In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0670 and resistance at $1.07. The Third Major Resistance Level (R3) sits at $1.0743.
Failure to move through the pivot would leave the First Major Support Level (S1) at $1.0548 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0524 should limit the downside. The Third Major Support Level (S3) sits at $1.0451.
Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06213). The 50-day EMA slipped back from the 200-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals.
A move through R1 ($1.0621) and the 50-day EMA ($1.06213) would give the bulls a run at the 100-day EMA ($1.06665) and R2 ($1.0670). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06213) would leave the Major Support Levels in play.
Effect Of GFK Consumer Sentiment Index On EURUSDEURUSD dropped by almost 0.06% as inflation fears increased due to Fed's latest statements.
Possible effects for traders
Today, Germany will release the second assessment of Q4 GDP and the GFK Consumer Sentiment Index. Another important event is the U.S. PCE report for January. Overall, the Fed seems ready to continue further rate hikes, supporting the U.S. dollar.
The EURUSD fell due to high demand for the U.S. dollar and returned to the levels of the year's beginning. The pair remained below 1.06000 within the Asian session, opening a potential for a downside correction to 1.05200. Still, today's economic reports may push EURUSD towards 1.07000.
EURUSD Forecast for 21st Feb,2023Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today.
20th Feb
DH - 1.07045
DL- 1.06701
21ST FEB
PIVOT - 1.0686
R1-1.0703, S1- 1.0668
R2-1.0721, S2- 1.0652
R3- 1.0755, S3- 1.0618
* Needs to move though 1.0668 and pivot to target 1.0703 and 1.07045.
* Return to 1.07 Level will give a bullish signal
* Failure to move through S1 and Pivot can bring it down to 1.0652
* Levels below 1.06 shall be avoided to avoid major sell off
* 1.0618 level shall limit the sell off
* A move through 1.0668 would support the breakthrough from 1.0703 and 1.07057 and can give a bull run to 1.0721 and 1.07305
* Failure to move through 1.07057 can bring it down to the support levels.
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EURUSD Forecast 20th Feb,2023Today we may see a small correction and then again a rally into a Bull Section. Please pay attention to the mentioned levels for any trade set up.
18th Feb
DH - 1.06986
DL - 1.06126
20TH FEB,2023
R1- 1.0724, S1- 1.0638
R2- 1.0754
R3- 1.0840, S3 - 1.0583
The EUR/USD needs to avoid a fall through the $1.0668 pivot to target the First Major Resistance Level (R1) at $1.0724. A return to $1.07 would signal a bullish session. However, the EUR/USD would need ECB member chatter and today’s stats to support a breakout session.
In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0754. The Third Major Resistance Level (R3) sits at $1.0840.
A fall through the pivot would bring the First Major Support Level (S1) at $1.0638 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.06 and the third Major Support Level (S3) at $1.0583.
Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.07131). Following the bearish cross on Wednesday, the 50-day EMA pulled further back from the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA, delivering bearish signals.
A move through the 50-day EMA ($1.07131) and R1 ($1.0724) would give the bulls a run at the 200-day ($1.07328) and the 100-day ($1.07456) EMAs. A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.07159) would leave the Major Support Levels in play
EURUSD Price Forecast 9th Feb 2023The instrument was almost rangebound yesterday and dint gave any solid trading opportunity The max solid signal it gave was for 15 to 30 pips with a tight SL. The following are some of the important levels which needs to be taken care of before opening any order for the day :-
8th Feb
DH - 1.07607
DL- 1.06877
9TH Feb.
PIVOT - 1.0727
R1 - 1.0744 , S1 - 1.0693
R2 - 1.0778, S2 - 1.0675
R3 - 1.0829, S3 - 1.0624
* If Pivot is broken on the upside then we can expect a target to 1.0744 and 1.07607
* A return to 1.0750 will send a bullish behavior
* If Pivot is broken in the downtrend then it will hit the 1.06930 level. On the other hand 1.0650 level should be avoided .
* If it reaches 1.0675 level then it means the sell off is limited.
EURUSD LONG entry point FRIDAYGold is not giving any proper merk, waiting for clear move on it. I am focused on for that dollar is not showing any action. Key level to bye 1642, 1636 with 20pips SL only on confirmaton on small timeframe. TP is 1656-64.
This analysis is on EURUSD, yesterday's decision made euro come down, and it is still in strong downtrend, but I want one confirmation for that eurusd should move up, you can catch this trade now or on second entry.
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EURUSD Technical Analysis
Welcome back Traders, Investors, and Community!
Here on EURUSD the price has formed a Reverse Head & Shoulders, which is suggesting the bullish trend if it breaks out of the Neckline and shows us a potential entry after the breakout. However the price might go lower to 1.1868 for the Pullback before it goes up.
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💡Don't miss the great buy opportunity in EURUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2205).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.2240
TP2= @ 1.2250
TP3= @ 1.2265
TP4= @ 1.2285
TP5= @ 1.2350
SL= Break below S2
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Classic EUR/USD moving with Traditional Dance(May 31)Thrilling Pairs
Price Action is Decreasing its Pace towards the next Milestone.
But Price Action is Enormously loaded with Weapons to Shoot the Bears.
Could be a Turning Point from the Deep Blow of Bears.
EUR/USD starting its Journey towards Sky.
Doji Friends tells that NEWS is playing some Dance in EUR/USD.
The Steps shows that the Jerks made by Price Action.
There is a Recent War happened for 9 Days.
During the War Bears won the Battle and Decided to give some Pain to the Bulls.
Then at last DragonFly Doji Formed and tells Bears to sleep for a while.
Overall Strength Bullish. (May 31)
NEWS Could play a Role.
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EUR/USD Signal (May 20)EUR/USD is Currently surfing the whole FOREX Markets above.
ADX is currently in a Good Level.
Price Action is building up Momentum
My developed indicator shows a (+ve) signal.
Expected Green Light Today FX:EURUSD . (MAY 20, 2021)
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