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...
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...
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%....
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...
Price reacted to a Weekly Demand and is heading towards The Monthly Supply;
We have a Buying confirmation in Daily and a Trade formed as per Weekly Demand with 1:2 Risk : reward Ratio
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
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