Eurusdprediction
EURUSD ANALYSIS OVER H4 CHART.Technical outlook
From a technical perspective, the RSI (14) on the daily chart is already flashing extremely oversold conditions. This makes it prudent to wait for some near-term consolidation or modest rebound before positioning for any further losses. Hence, any further decline below the 1.0000 psychological mark is more likely to find decent support near the lower end of a multi-month-old descending channel, currently around the 0.9980 region. Some follow-through selling would be seen as a fresh trigger for bearish traders and make the EUR/USD pair vulnerable.
On the flip side, any attempted recovery could be seen as a selling opportunity near the 1.0070 region. This, in turn, should cap the EUR/USD pair near the 1.0100 round-figure mark. The latter should act as a pivotal point, which if cleared decisively could trigger a near-term short-covering bounce. Spot prices could then climb back to the next relevant hurdle near the 1.0180-1.0185 zone.
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This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURUSD pair analysis for both directionBased on the current scenario we have 3 levels approaching, as of now it's neutral and it can be seen that it just started a bullish run as we overcome the breakeven point at 1.10200 if it breaks 1.10400 then we have a strong bull rally and if it doesn't survive we might test the levels of 1.10200 couple of times.
If it breaks then 1.10200 then it means the bearish trend continues.
The chart here demonstrates the analysis.
The entire thing is just an analysis, trades to be taken are at your own risk.
Eurusd target has achievedEURUSD has reached the target that it gave after the breakout. Now it will give some fresh levels with the trend. It gave a bearish engulfing candlestick pattern at the top of the bullish trend. Now fall is in wait.
Trade is not recommended
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EUR USD sell setup foundEUR 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.
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Will EURUSD break its monthly major support level?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.