Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where firstly it broke support level, which coincided with support area. Then, in a short time, price rose higher than $1.0670 level, breaking it again and then made correction. After this, EUR continued to move up...
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 169.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 169.500 support and resistance area. Trade safe, Joe.
EURNZD has broken its down trend and has retested the trendline. A buy entry can be taken with the intent of the EN to make a new HH.
EURUSD is in a descending channel on the weekly timeframe and a break of the next major support area at 1.05 will confirm its next big movement to the lower of the channel and the next support demand zone at area 0.85
The EUR/USD pair started the new week with a bearish gap, falling to its weakest level in a month below 1.0750. Despite technical indicators on the H4 timeframe suggesting oversold conditions, the Euro might struggle to stage a significant rebound given the current risk-averse market environment. Market Overview The US Dollar (USD) has gained strength...
EUR/USD is rising towards a resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.07943 Why we like it: There is an overlap resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.08406 Why we like it: There is an...
Hello Traders, In today's trading session, we're closely monitoring EUR/CAD for a potential selling opportunity around the 1.48100 zone. The pair had been in an uptrend but recently broke out of it, entering a correction phase. It is now approaching the 1.48100 area, which acts as a key support and resistance zone. On the fundamental side, the recent EU...
A long position on EUR/NZD looks promising based on strong support zones and bearish sentiment towards the New Zealand Dollar. The NZD faces pressure from weak domestic economic data and dovish Reserve Bank of New Zealand (RBNZ) policies. In contrast, the Euro is supported by stable Eurozone economic performance and potential ECB rate hikes. Technically, EUR/NZD...
Starting things off with euro to the USD this pair has finally shifted bearish into the higher time for a narrative we have mentioned so many times over the last fortnight. This means for us this week we are predominantly focusing on bearish movements, as it stands we have an nfp range this is the overall range responsible for shifting us bearish, Within the 4...
Hello Traders, In today's trading session, we're closely monitoring EUR/CHF for a potential selling opportunity around the 0.96500 zone. The pair had been in an uptrend but recently broke out of it and is now in a correction phase. It is approaching the 0.96500 area, which serves as both a support and resistance level. Adding to the EUR's challenges, the recent...
EURUSD on the daily time frame is bearish and in a downtrend channel. Correction might be underway to fill up the gap and retest the broken uptrend line at area 1.08 - 1.085 which is the previous support zone and currently the resistance zone, before the next big drop to the lower of the down channel at area 1.0450 - 1.05.
The EURUSD chart indicates a potential bearish movement. The recent price action suggests that the pair is experiencing a weakening of the bullish momentum. After reaching a recent peak, the price is showing signs of a downward trend, indicating a possible decline towards the highlighted support zone around 1.08400. The price action around this level is crucial;...
Please, check our technical outlook for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.968. The above observations make me that the market will inevitably achieve 0.965 level. P.S Overbought describes a period of time where there has been...
We just entered a new month, and not just an ordinary month -- It's JULY! And what's special about it? -- and its connection to EUR? Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak. JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that...
1H - The bearish context is evident due to Friday's news. For Monday and Tuesday, I expect a corrective move targeting the equal lows.
1W - The weekly timeframe looks excellent from a technical and target perspective. We are in a clearly defined bearish context. Last week's close confirmed the bearish order flow. The intermediate target is 1.06, with the primary target being 1.045.
1D - On the daily timeframe, the price has ultimately settled above the fractal maximum of 1.0885, indicating a shift in context to bullish. The invalidation point for this bullish context will be a price settlement below 1.0788. Additionally, there is a compression movement formed below, down to 1.06, which may serve as a rebalancing target in the future.
A scalp long position on EUR/CHF aims to capitalize on short-term price movements. Favorable factors include potential Euro strength identifying short-term support levels and bullish candlestick patterns can guide entry points.