#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
EURUSD stays on the front foot after successfully breaking a one-week-old descending resistance line, now support around 1.0290. The upside momentum also crossed the support-turned-resistance line from November 04, close to 1.0370. That said, firmer RSI and bullish MACD signals keep the buyers hopeful of keeping the reins beynd the 1.0370 hurdle, which in turn...
Trading Ideas-
Long positions above 0.9998 with targets at 1.0607 & 1.0783
Alternative scenario
If price goes down 0.9998 look for 0.9725 & 0.9536 as targets.
Supports and resistances
0.9725 & 0.9536
1.0607 & 1.0783
The EUR/USD trend thrusts in both directions and carries the price from one level to another in a positive feedback loop that can generate considerable momentum.
EURUSD Sell trade opportunities
Overall it's a sell trend that recently reverse from the resistance line here is a very good opportunity to sell the trade on the resistance area with good risk rewards
They EUROUSD on 30min Timeframe looks Fantastic. There is so much of clarity. One can easily identify BOS and POI which is been marked out. Waiting for CHOCH in Smaller Timeframe.
Short selling currency can be a good strategy if the trader believes that the currency will fall in value. In certain market conditions, traders could benefit from taking a short position and ‘selling’ a currency pair. Take the recent example of EURUSD, where many traders shorted the USD as a result of negative market sentiment.
EURUSD Sell trade opportunities
Overall it's a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart it will be a very good opportunity to sell the trade with good risk rewards
#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
Sell eurusd @ 1.02801
stop loss 1.04816
target 1.00180
Trade based on pure price action and currently eurusd changed a down trend to uptrend so market should do a pullback and -2.57% down move so open a sell trade and thanks me later
if you like my ideas then follow me and like me ideas please
As per previous chart history, EURUSD can move according to the points as mentioned below:
Short below @1.02600
Local Support Line @1.00980
Major Support Line @0.99000 below this blood bath in EURUSD but if reversal then these support lines (Local, Major) will work as resistances.
Long above 1.03100
TP1 @1.03300
TP2 @1.03800
TP3 @1.04100
These are my...
hello friends as you can see that in eurusd daily chart now price reject from strong supply zone that's means we can expect market will go down site after confirmation you can short if market gap down opening then buy from demand zone so please wait and watch then you take your own decision thank you.
EURUSD slides below 1.0350 as US Dollar finds demand
EURUSD trades below 1.0350 in the American session. Wall Street's main indexes opened with a soft tone while their overseas counterparts trimmed a good bunch of their early gains. In the absence of high-tier data releases, Fedspeak will be eyed for fresh impetus.
#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
