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
After 2 trending day driven by news-related events - we expect this major forex pait to consolidate for a while now and largely trade flat. Here's our trading plan for the day:
In this chart of OANDA:EURUSD I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and...
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
Traders Trusted Academy
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.