EURO cup and Handle?I originally predicted the dollar to pull the pair back to parity, but I may have to invalidate that prediction. Currently the pair seems to be forming a cup and handle pattern. The handle will allow the dollar to pull the pair back onto the critical support at 1.07, the 61.8% Fibo retracement rate. This rate also coincides with the blue 23.6% Fibo and the 50-day MA currently at 1.072.
If the dollar fails to hold the pair below the 50-day MA rate and the critical support at 1.07 it could allow the euro to push the pair back towards 1.15 (the high just before the Fed started its hiking cycle).
Eurousd
EUR/USD Short; SELL here! Doesn't get any easier than this.Instead of recanting the otherwise already widely disseminated fundamental factors, a couple of fresh data points;
- Central & Eastern European housing market in collapse; YoY -28% decline in residential prices;
- The nagging (constantly revisited) issue of Russian exports of enriched uranium (fuel rods) to the EU (and the US) will now likely be "officially" voted on - whether to include them in the next sanction package. This constitutes <3% of Russian energy sales YET, it effects >35% of the EU's energy generation; (This would be the final, self inflicted blow to energy starved EU - especially for France.) As its been the tendency lately, the EU parliament rushes to pass one stupid, self-defeating act after an other. (Observe all the clowns in the current EU parliament.) In short, as stupid and self-defeatists as this idea was, from the word "Go", inline with the current, popular, parliamentary suicide wave, this may actually come to pass - gets included in the next sanction package.
- The war in Ukraine is not going well - to put it mildly. (In major Ukrainian cities police and militia is nabbing 16 year olds off the streets, shipping them off to basic training camps. Much like during the final days of the 3rd Reich.) As it happens, the US has the tendency to cut lose the dead weight, in this case, dump this whole Pandora's Box on the EU's lap. [Not to mention that the US already has pretty much milked this whole situation close to it's maximum potential benefit. Even more reason to call it a day.)
- Many more recent developments [just tired of writing them all down, having focused here on the couple of the more recent, relevant factors) which all point to one and the same direction.
Most importantly, the EURUSD technicals point in one direction - and one direction only !-, as clearly as it could be imagined.
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/20/2023)!!!Euro /U.S.Dollar was able to make a rising wedge pattern near the resistance zone.
Because of the previous bearish Sharpie move that is evident on the chart, I expect at least Euro /U.S.Dollar fall to the support zone.
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 1-hour Time frame ⏰.
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💵Euro/U.S.Dollar💵Analyze (Short Term, 03/10/2023)!!!Euro /U.S.Dollar reached the top of the descending channel for the third time while it sees the 🔴resistance zone($1.07220-$1.06850)🔴 above.
It also seems that the RSI indicator is forming an Expanding Triangle pattern in the 4-hour time frame.👇
I expect the EUR to break down to the 🟢support zone($1.050-$1.046)🟢(maybe more) based on my analysis of the DXY as well as the high points.👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰.
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💵Euro/U.S.Dollar💵Analyze (Short Term, 03/08/2023)!!!Euro/U.S.Dollar is running near the lower line of descending channel, support zone, and SMA100(Daily TF).
Also, Euro/U.S.Dollar was able to make a 🌅morning star candlestick pattern🌅.
I expect Euro/U.S.Dollar will go up at least until the middle line of descending channel
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 2-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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eurousd 1 hr overall bearish But a retracement is expected.Eurousd is very close to Fib golden level in 1 hour time frame.
.618--- chance of retracncement.
Overall trend is bearish but we can see a little pullback from this level.
Let's watch buyer and seller competition on FIB .618 Level.
Venue is FIB Golden ratio
The True Traders Value Perspective On The EuroHey guys!
We looked short on the harsh rebound (inevitably) that took us to reasonable key resistance.
Remember.. what goes up also comes down. That is gravity. And it exists in Financial markets.
It's just then a case of doing what you do anywhere else.
Price is high - Sell
Price is low - buy
Stick to it.
My thoughts on future EURO moves also included.
Watch for more.
EURUSD & DXY: A BEAUTIFUL INVERSE RELATIONSHIP / FIAT / FIBDESCRIPTION: In the chart above I have included a MACRO analysis & side by side comparison of EURUSD & DXY.
POINTS:
1. DEVIATION of 0.075, found with HIGHEST HIGH & LOWEST LOW & then dividing by 2 to find a MEDIAN & so on for remaining points in between.
2. EURUSD price action is in a current downtrend getting ready to test 1ST TARGET.
3. NOTICE how TARGETS for DXY & EUROUSD coincide.
4. RSI is currently over extended for EUROUSD & has seen its squeeze from previous oversold levels.
*IMPORTANT: When both price actions come to touch they either float in same channel before separating again or completely blow through one another.
SCENARIO: With DXY's current bearish momentum this can be a bullish factor for EURUSD as they have a clear inverse behavior and vice versa.
FULL CHART LINK : www.tradingview.com
FOREXCOM:EURUSD
TVC:DXY
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/13/2023)!!!🌊First, I think you should take a look at the January 11th post to get a better perspective on today's analysis.👇
As I expected the Euro /U.S.Dollar to rise to the resistance zone and complete the end of the main wave 5, now I expect the Euro /U.S.Dollar to decline at least to the end of the main wave 4 and EMA 50 (Daily TF).
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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💵Euro/U.S.Dollar💵Analyze (Short Term, 01/11/2023)!!!🌊Euro/U.S.Dollar is completing the main wave 5, while the main wave 3 was an extended wave.
I expect the Euro/U.S.Dollar to decline at least after reaching the resistance zone until the end of the main wave 4.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Euro/USD buying alert readyThank you for following me 😊
EUR/USD analysis is the process of studying the behavior of the EUR/USD currency pair in order to make informed trading decisions. This analysis can be done using a variety of techniques, such as technical analysis, fundamental analysis, or a combination of both.
Technical analysis is the study of past market data, primarily price and volume, to identify patterns and make trading decisions. It is based on the idea that market trends, as shown by charts and other technical indicators, tend to repeat themselves. Technical analysts use chart patterns, such as head and shoulders and support and resistance levels, to identify potential buying and selling opportunities.
Fundamental analysis, on the other hand, is the study of economic, financial, and other qualitative and quantitative factors to forecast the future performance of a security. In the case of currency trading, fundamental analysts will look at economic indicators such as interest rates, GDP, inflation, and political events to determine the strength of a country's economy and the likely future direction of its currency.
A combination of both fundamental and technical analysis can provide a more comprehensive understanding of the market, and help traders make more informed trading decisions. Additionally, news and geopolitical events which may affect the Currency pair can also be monitored to get a comprehensive analysis.
Keep in mind, currencies are traded on the Foreign Exchange Market, also known as Forex or FX, which is the world's largest financial market and operates 24 hours a day, so the analysis and predictions may change constantly.
💵Euro/U.S.Dollar💵Analyze (Short Term, 01/06/2023)!!!Euro/U.S.Dollar was able to make a descending triangle.
Euro/U.S.Dollar broke the lower line of descending triangle.
I expect Euro/U.S.Dollar will go down at least to my target.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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EURO/USD: GOOD RALLY COMING IN.After a long devastating rejection since January 2021, the EURO/USD finally resurrected from the dead.
Note: This analysis is in a 2-monthly timeframe so do not consider this a short-term trade setup.
A -22.85% rejection from the resistance was brutal for the EURO/USD in the long-term view. After almost 2 years, the EURO/USD has bounced back from a historical supporting trendline. This looks good from a long-term perspective and I believe we may see some positive moves in the coming new year. In a lower timeframe(3-6 hours), the EURO/USD is dropping down which is quite obvious and it must be a bearish situation if you are a bull and you are scalping or playing in the short-term market. Overall, EURO/USD looks good for now.
What do you think? Share your views in the comment section.
Trade safely.
💵Euro/U.S.Dollar💵Analyze (Short Term, 12/19/2022)!!!Since Euro/U.S.Dollar attacked the resistance zone several times, and finally, a fake break happened, I expect the uptrend line to break in the coming hours, and Euro/U.S.Dollar will move towards the support line.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.