As 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
These are my...
Gold 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...
The Reason posting this we have clean SMT Between EURUSD and DXY.
EURUSD did MSB in LTF and hit 1h Demand, possible ready to pump during London Open or NYO
About DXY price could drop below original consolidation.
More update you can find later
Its been a long time almost an year EUR/USD had been falling. We were falling in an structure of L series (mean long term wave ) and recently we have completed L5 a 0.98132. Now its time for an ABC correction structure which we represent with LC1, LC2. ( C stand for correction).
Let see structure equation,
1) We are in (LC 1 >)
Time Frame: 4H
For this instrument our bias is short and we are planning to run for a selling position according to our price projection.
- EUR/USD snaps four-day downtrend at 20-year low, renews intraday high of late.
- Firmer RSI, MACD joins bullish chart pattern’s confirmation to favor buyers.
- 100-HMA lures buyers, sellers have a bumpy road to the south.
Currently looking for short term buying opportunities in it, Proper Money management suggested.
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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for EURUSD I am expecting a mark up phase during Mon-wed cycle and start forming a big W pattern. After this 7 days (2 weekly cycle) mark down phase to the downside which was level 3 of 1H cycle and now.
confluences- MM has absorbed all orders of 1.09 and recovered the 4H vector candle + There is a huge of 4H divergence + the GAP is still remaining
so if they...
After rising in an impulsive manner EURUSD has given a fall which looks to be a corrective move of the previous rise. The correction is still pending & the pair is till expected to fall upto the level of 1.2700 in the coming session.