EURUSD-BUY++No change in views.
The pair is consolidating and it is expected to correct back towards 1.0278 short-term. There will be a DARK moon phase signalling a change of trend, plus positive stochastic and low RSI helps to support this view.
Strategy BUY current 1.0010-1.0040 and take profit 1.0278. We may see closer to 1.0325 in fact.
Eurusdbuy
EURUSD-BUY strategyThe way the pattern is shaping and also moving along the GANN fan line, and being oversold, we can see the possibility of the change of direction soon. I feel 14th July 2022 to be the turning point and recovery for the pair is possible.
The CCI is negative on 4-hourly chart and will cause it to push a little lower for now.
Strategy BUY @ 1.0065- 1.0090 range and take profit @ 1.0378.
EURUSD-BUY strategyThe Gann fan shows we are overall downtrend, but the short-term time cycle is coming to and end. Looking at where we started our decline on last price swing, July 7th is bottom and change of trend is likely.
Now we even have a hammer bottom and we have positive stochastic. I think we will see pull-back based on that analysis.
Strategy BUY current level and take profit 1.0407 for now.
EUR/USDs potential bottom for the dayHey tradomaniacs,
market-depth so far looks like absoprtion is happening and bears are taking some of their profits after this strong move down.
Currently passive buying at the bottom plus stop-loss-hunting could push price up providing a nice opportunity to buy with a tight stop-loss.
AS ALWAYS - IT IS VERY RISKY to trade against the strong momentum to the downside!!
More risk-off in equities and things can quickly change. ;-)
And wait for momentum / Confirmations! Watching this level carefully
EURUSD AnalysisGood Morning Traders,
Hope you had an amazing weekend.
Above is our EURUSD Analysis:
HTF- EURUSD is visibly bearish; we are expecting one more leg to the downside where the EUR and the USD would be par at 1.000 for the first time since +20 years .
LTF- we do see a potential long opportunity from current price to 1.7000-1.8000 where we would subsequently take a short from there if opportunity arises.
Let us know if you have any questions or if you share the same analysis.
Your feedback means a lot to us.
Let us make the most out of this week.
God Bless,
ETGL TEAM 💛
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions