Seems like a breakout retest - I am long on it. Let's see :)
FX:EURUSD Good to short. Long term trade. Hold till TP for more gains 🚀
The EUR/USD needs to avoid the $1.0587 pivot to target the First Major Resistance Level (R1) at $1.0642. A move through the Monday high of $1.06199 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...
Hello Traders! 1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts. 2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached. 3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That...
The EUR/USD needs to move through the $1.0565 pivot to target the First Major Resistance Level (R1) at $1.0594 and the Friday high of $1.06143. 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...
We can easily see the formation of Falling Wedge on 4hours and 3 hours Time Frame. EURUSD has touched its First support and lets hope it respects and repels it from here.
The EUR/USD needs to avoid a fall through the $1.0600 pivot to target the First Major Resistance Level (R1) at $1.0623 and the Thursday high of $1.06278. A return to $1.0620 would signal a bullish session. However, the EUR/USD would need today’s stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test...
We can clearly see a formation of Falling Wedge . We can expect a breakout soon enough. Provided that EURUSD respects the Chart Formation
FX:EURUSD Good to long. Long term trade. Hold till TP for more gains 🚀.
The EUR/USD needs to move through the $1.0660 pivot to target the First Major Resistance Level (R1) at $1.0682 and the Tuesday high of $1.06983. A return to $1.0680 would signal a bullish session. However, the EUR/USD would need today’s stats and the Fed minutes to support a breakout session. In the case of an extended rally, the bulls will likely test the Second...
EUR/USD ANALYSIS Better than expected EZ PMI and ZEW economic sentiment aren’t enough to hold back risk-off environment. Falling wedge in play which could point to subsequent upside to come. EURO FUNDAMENTAL BACKDROP The European trading session kicked off in a positive light this Tuesday from an economic standpoint; beginning with eurozone PMI data (see...
Today 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)...
The euro lost 0.43% yesterday as the U.S. Dollar Index (DXY) climbed to a six-week high after better-than-expected U.S. retail sales data was released. Possible effects for traders Upbeat economic data has fueled more hawkish expectations on the U.S. interest rate. According to Reuters, the Federal Reserve's (Fed) terminal rate has been adjusted to about 5.25%....
If the dollar breaks the weekly support, EUROUSD will be very bulish in the near future as it has already broken weekly suply zone. #EURUSD #DXY #GBPUSD #Dollar #Forex #Currency
Please pay attention to the following levels and trade set up before opening any position. 15th Feb DH- 1.07445 DL- 1.06624 16TH FEB PIVOT - 1.0697 R1- 1.0734, S1- 1.0650 R2- 1.0781, S2- 1.0529 R3- 1.0865, S3- 1.0529 * Pivot needs to be broken in the upward direction to target R1 1.0734 and 1.07445 * Return to 1.07 level shows a bullish behavior * If the...
As a result of CPI, EURUSD touched the 1.08 level on 14th Feb but there was a strong resistance and hence it fell down almost 800 Pips. For a proper trade set up please keep in mind the following levels. 14th Feb DH - 1.08044 DL - 1.07072 15th Feb Pivot - 1.0749 R1- 1.0792, S1- 1.0694 R2- 1.0847, S2- 1.0651 R3- 1.0945, S3- 1.0554 * EURUSD should break the...
The instrument has finally given up on the bearish scale and now have started showing Bull Trend. Following are some of the levels which needs to be kept in mind while trading today. 13th Feb - DH - 1.07299 DL - 1.06555 14th Feb PIVOT - 1.0701 R1- 1.0747, S1- 1.0673 R2- 1.0776, S2- 1.0627 R3- 1.0850, S3- 1.0552 * EURUSD should avoid going below the pivot...