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...
EUR/USD ANALYSIS
Better than expected EZ PMI and ZEW economic sentiment aren’t enough to hold back risk-off environment.
Falling wedge in play which could point to subsequent upside to come.
EURO FUNDAMENTAL BACKDROP
The European trading session kicked off in a positive light this Tuesday from an economic standpoint; beginning with eurozone PMI data (see...
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...
Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today.
20th Feb
DH - 1.07045
DL- 1.06701
21ST FEB
PIVOT - 1.0686
R1-1.0703, S1- 1.0668
R2-1.0721, S2- 1.0652
R3- 1.0755,...
eurusd breakout done hope it will be retest now after retesting eurusd remains in bullish posible
h4 time frame eurusd have strong reguler bullish divergance
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)...
Gonna let price come back to the upper levels where we can bash it down to the dust.
anticipating a slow movement on this one as DXY is going to Play some tricky moves but eventually will give us a breakdown.
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%....
If the dollar breaks the weekly support, EUROUSD will be very bulish in the near future as it has already broken weekly suply zone.
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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 I mentioned and shared yesterday eu did exactly as I outlined and this is today's idea, this push higher in London open is just a stop hunt and making a high of the day in London and then rollover to just get slammed in ny session
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...
