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Eurusdupdate

EURUSD - PRICE ACTION CONFIRMS TREND REVERSALSymbol - EURUSD The EURUSD currency pair has broken its previous trend, emerging from a consolidation phase and reaching new highs, which signals a definitive shift in market direction. The primary focus now shifts to the resistance zones, where significant market struggles are expected. The ongoing correction of the US dollar, largely driven by political and geopolitical factors, presents opportunities within the forex market. The EURUSD has been strengthening for the past month, suggesting promising prospects, particularly if the dollar's correction continues. This week, attention is on the Federal Reserve's rate decision and the inflation meeting, which could provide further support for the current market movement. From a technical perspective, the key support level to watch is at 1.0445. If the bulls are able to maintain this support, the price may move towards the 1.0600 - 1.0700 range in the short to medium term. Resistance levels: 1.0530, 1.0610 Support level: 1.0445 The price has already tested the 1.0445 level. A potential false breakdown could occur, aimed at capturing liquidity, after which the pair is likely to resume its upward momentum, driven by renewed interest from buyers in the euro.
Long
by akshit_official
EURUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD EURUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
1
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDEURUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
1
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD EURUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
1
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD PERFECT ONEEURUSD SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
EURUSD Prediction Bullish breakout 7 Jun 24EURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: EURUSD has broken to the upside and can now give really good targets to 1.12 levels. EURUSD has broken the symmetrical triangle pattern to the upside. Also, it has received support from 200 EMA, which is a good sign of bullishness. One can trade EURUSD with Risk: Reward::1:3 with the given setup. All important levels are on the chart. Verdict : Bullish Plan of Action: Buy: 1.09197 SL: 1.08146 Target: 1.11033, 12371
Long
by finnova_
EURUSD FORECAST 29TH MARCH 2023EUR/USD Bulls to Target $1.0850 on German Consumer Confidence It is a relatively busy day for the EUR/USD, with German and French consumer confidence and ECB commentary to draw interest. The EUR/USD needs to avoid the $1.0829 pivot to target the First Major Resistance Level (R1) at $1.0862. A move through the Tuesday high of $1.08485 would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and better-than-expected consumer confidence numbers to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0882 and resistance at $1.09. The Third Major Resistance Level (R3) sits at $1.0936. A fall through the pivot would bring the First Major Support Level (S1) at $1.0809 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.075. The Second Major Support Level (S2) at $1.0775 should limit the downside. The Third Major Support Level (S3) sits at $1.0721. Looking at the EMAs and the 4-hourly chart, the EMAs send bullish signals. The EUR/USD sits above the 50-day EMA ($1.07746). The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above the Major Support Levels and the 50-day EMA ($1.07746) would support a breakout from R1 ($1.0862) to give the bulls a run at R2 ($1.0882) and $1.09. However, a fall through S1 ($1.0809) would bring S2 ($1.0775) and the 50-day EMA ($1.07746) into play. A fall through the 50-day EMA would send a bearish signal.
Long
by skarantraderq