EUR/USD reverses from the weekly top while posting the first daily loss in three around 1.0860. The Euro pair marks the trader’s positioning for the top-tier German and the US data.
The moving average works just as well in lower and higher time frames. As a result, day traders will find benefit in placing 50-bar EMAs on 15 and 60 minute charts because they define natural end points for intraday oscillations
EURUSD extends recovery from the 200-DMA, as well as an upside break of a fortnight-old descending resistance line, as markets await the Eurozone inflation data and the Fed’s favorite inflation gauge, namely the US Core PCE Price Index. That said, the looming bull cross on the MACD and upbeat RSI (14), not overbought, also keep the Euro buyers hopeful. However, a...
Market took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
The EURUSD pair is showing signs of a favorable long opportunity based on wave analysis. An ABC correction pattern appears to be forming, with the market completing the A and B waves. The C wave, which typically follows, presents a potential long setup.
Wave Pattern: A completed A-wave followed by a corrective B-wave suggests an imminent C-wave rally.
RRR: This...
📍 Entry: 🎯 Target: ⛔ Sl(MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.
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Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational...
EURUSD prepares for the sixth consecutive weekly fall as ECB and Federal Reserve bosses prepare for the annual showdown at the Jackson Hole Symposium. That said, the Euro pair remains pressured within a one-month-old descending trend channel amid downbeat RSI and MACD conditions, which in turn suggest less downside room and highlights the stated channel’s bottom...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
The Initial reaction to the data saw EURUSD spike 50 pips lower before hovering around the 1.0820 handle at the time of writing. Key area at present with the 200-day MA resting just below the 1.0800 handle and could cap further losses.
EURUSD did face selling pressure as a stronger US Dollar and rising US yields saw the pair fall to support around the 1.0840...
On the 4-hour chart, the EUR/USD has broken short-term support levels from June, confirming an upward trend. However, resistance levels from July have maintained a downward technical trend. Immediate support can be seen at the 1.0833 - 1.0859 range.
If this area holds, prices could rise and test the downward trend line from July, potentially sustaining a...
Market took out liquidity to the upside before dropping on the 1hour chart. Also known as a liquidity grab. leaving behind imbalance/fair value gap and currently creating liquidity inducement. Now we wait for a retracement back to the unmitigated imbalance.
