Eurusdlong
💡Don't miss the great buy opportunity in EURUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0605).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.0700
TP2= @ 1.0760
TP3= @ 1.0811
TP4= @ 1.0850
TP5= @ 1.0894
SL= Break below S2
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Eurusd Buy trade opportunitiesEurusd Buy trade opportunities
Eurusd running in very nice swing support and resistance and recently test support area. We are expecting the market can be bullish from this support line. If market close above 1.1130 area on D1 Candle so buyer pressure will be strong and can take the buy trade with good risk rewards
EURUSD trades higher after last week fallThe EURUSD moved lower yesterday and in the process retested a swing area going back to 2020.
That swing area is above the extremes from that time. However, it is worthy of consideration ahead of the swing lows in 2020.
The area comes between 1.07642 and 1.0777 (see red numbered circles in the chart above). The low from last week did move briefly below that level but rebounded back to the upside. Yesterday the price of the EURUSD stalled within the swing area. Today, the swing low for the day dipped below an intraday low of 1.07605. However, momentum could not reach the low price from last week at 1.07568, and selling dried up. The price has since moved higher.
Drilling at the hourly chart below, the dips below the swing area on the daily chart, have been quick with limited momentum. Today's bounce has now seen the price of the EURUSD move back toward the falling 100-hour MA, along with swing highs from Friday and Monday at 1.08207.
What next?
Although there is a dip for buyers near the aforementioned support levels in the EURUSD (down to 1.0764), the price rebound still needs to extend above the 1.08207 level to give the buyers more confidence (100-hour moving average and swing highs).
A move above the 100-hour moving average would be Step 1 in a corrective probing move to the upside. Step 2 would be to extend above the falling 200-hour moving average of 1.08455 (green line in the chart above).
Absent those technical breaks, the sellers have the strongest hand. The bias would remain tilted more to the downside.
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EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
The wave count that we had in the weekly time of this symbol showed that wave c has ended from wave 4 and this decline is related to wave 5.
Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend.
Anyway, we'm likely to be in the lead.
And from this process, the main waves 1 and 2 are over and the microwave, wave 3 is being formed.
From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3.
The trend of this wave is in wave 4 and wave 4 probably does not have a specific structure or we can say that this wave is actually the beginning of another phase.
In general, if the red circle is broken, we will hope to continue the downward trend, and if the channel ceiling is broken, this wave count will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5.
Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend.
Anyway, we assume that we are in a leading trend, and from this trend, the main waves 1 and 2 are over, and the microwave, wave 3, is being formed.
From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3.
The trend of this wave is in wave 4 and wave 4 probably does not have a specific structure or it can be said that in fact this wave 4 is the beginning of another phase.
In general, if the red circle is broken, we will hope to continue the downward trend, and if the channel is broken from the top, this wave count will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5.
Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend.
Anyway, we assume that we are in a process of progress, and from this process, the main waves 1 and 2 have ended, and the microwave, wave 3, is being formed.
From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3.
The trend of this wave is in wave 4 and wave 4 was probably in the shape of a triangle.
After the completion of the descending triangle for wave 5 of 3, wave of wave 3 will occur, the target of this decline is around 1.10000.
We do not have a specific field point, but the failure of the upper side of the triangle in the analysis or the failure of the upper side of the green channel in this analysis is fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
💡Don't miss the great buy opportunity in EURUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1283).
. 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 67.
Take Profits:
TP1= @ 1.1323
TP2= @ 1.1347
TP3= @ 1.1373
TP4= @ 1.1432
TP5= @ 1.1463
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex / Crypto trader?
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️