Eurusdbuy
eurusd is good for buythere is a good supply zone for eur near here that can swing the trend.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
EURUSD | STILL BULLISH FOR TODAYThe market went with yesterday's prediction as seen on the chart above.
Today we have the Retail Sales Report releasing with a consensus that indicates that more goods have been sold in favour of the Euro In about 5hrs.
I think that price will fall a little bit in respect to the 1hr 200 EMA and start to rise again to hit around 1.07450 before falling again.
I'll still hold my position today and wait to see if euro might fall very later but for now, I support the pair.
EURUSD | HIGHER PROBABILITY TO RISE TODAYPrice fell last Friday due to non-farm payroll results at noon to around 1.07000. Balance of Trade for Germany (Apr) is set to release in 30 mins and might push the price lower to the last order-block.
In 2hrs also, PMI is set to release with a consensus that is higher than 50. I expect the price to fall to around 1.06750 and rise to around 1.07400 before falling back again.
Let's hope for the best....
EUR/UD Free Entry Gave 2H Ago , +60 Pips Now , New Entry Added !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/USD Giving Amazing Bullish P.A On D And 4H T.F, Can We Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
A key reversal on EUR/USD just formed at a major support clusterA bullish engulfing candle has formed on the EUR/USD daily chart, which could carry some weight given the technical levels of support it sits upon.
Despite an intraday break below 1.0700, the market rebounded and closed back above this big round number. The 200-day EMA also provided support following an intraday false break beneath it, and it is worth mentioning that the 200-day EMA provided support on three occasions between the end of February and beginning of March before a strong rally formed.
The RSI (14) dipped to its lowest level since September 2022. Whilst it is not within the classic oversold level of 30, it now sits at a similar level to the RSI low in February which preceded the March Rally.
Furthermore, yesterday’s low held above the March VPOC (volume point of control), which is the most traded level by volume (or ticks, in the case of spot forex). Whilst many would prefer real ‘exchange’ volume, I regularly use the ICE feed as it is an amalgamation of FX feeds and their respective liquidity providers, and I generally find their tick volumes to be quite reliable.
And finally, the decline form the May high has been in a relatively straight line which almost begs for correction higher.
So it appears we are at or very near to an inflection point on EUR/USD, and a move to 1.0800 seems achievable given the depth of its decline from the May high. Of course, incoming data is key so we will keep an eye on employment data for the US this week (ADP, JOLTS, layoffs, jobless claims) and to see if the jobs market shows further signs of softening ahead of Friday's NFP report, as that could reduce bets of a June Fed hike and support EUR/USD.
EUR/USD ON BULLISHEUR/USD is anticipated to be preparing to take a jump to the upside( LONG/ BUY) as the pattern break is preparing to complete another pattern. A clear reversal should be seen in the grey area as the previous pattern in orange lines should complete the 90 % rule but We anticipate the third touch first to complete the pattern (descending channel ) to go to the upside.
If we do not get the reversal, we should get a continuation pattern to confirm more momentum to the downside.
eurusd is good for buyhaving a good long position from here, there is a QML for eur and I will add another volume to my long position here to the demonstrated TP.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
EUR/USD on a Race to New All-Time HighsIn this analysis, we will explore the current state of the EUR/USD currency pair and examine the potential for it to reach new all-time highs. The recent surge in demand for the euro has generated significant momentum, driving the pair towards revisiting its previous all-time high. We will identify key target levels and discuss the zone that has played a crucial role in fostering this substantial demand.
Analysis:
The EUR/USD currency pair has exhibited strong bullish momentum in recent months, suggesting a race toward new all-time highs. Currently trading at 1.08068, the pair has surpassed previous resistance levels and demonstrated an upward trend.
Target Levels:
Our analysis suggests two significant target levels for the EUR/USD pair:
1. Revisiting Target: 1.45779
The first target level for the EUR/USD pair is 1.45779. This level represents a key point of interest and acts as a psychological barrier for traders. Reaching this level would signify a notable milestone in the pair's upward trajectory.
2. New All-Time High: 2.00957
The EUR/USD pair's second target level is 2.00957, representing a new all-time high. If the pair manages to break through the previous all-time high, it would indicate a substantial shift in market dynamics and a strong bullish sentiment towards the euro.
Demand Zone:
The zone that has fueled the recent surge in demand for the euro lies between 0.97339 and 0.83670. This zone has acted as a crucial support area, attracting buyers and indicating a strong appetite for the euro. Traders and investors should closely monitor this zone for potential future price action and key support levels.
Based on our analysis, the EUR/USD currency pair is currently engaged in a race toward new all-time highs. The first revisiting target level is set at 1.45779, with the new all-time high projected at 2.00957. The demand zone between 0.97339 and 0.83670 has been instrumental in driving the pair's upward momentum. Traders should carefully observe price movements and monitor the strength of bullish trends to make informed trading decisions.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in the foreign exchange market involves risks, and traders should conduct their research and seek professional advice before making any investment decisions.