On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.On September 10, the price level of 1.1500 offered temporary bullish recovery. Quick bullish movement was demonstrated towards the upper...
Recently, the EUR/USD pair has been trading sideways at the price of 1.1467. According to the M30 time – frame, I have found that fake breakout of yesterday's low at the price of 1.1448, which is sign that sellers got trapped. I also found the bullish breakout of 3H balance, which is another sign...
When the European market opens, some economic data will be released such as Current Account. The US is due to release an economic report too like Existing Home Sales. So, amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY...
EUR/USD has broken through the 1.15 support and is now challenging an upward sloping trend line support. Short-term trend is bearish and if we break below 1.1445 we could then see more downside towards 1.14-1.1395.Red rectangle - short-term resistanceBlue line - trend line supportEUR/USD is...
The euro-dollar pair has not managed to break out of the price range of 1.1460-1.1620, although today the price has approached its lower limit. But the bulls again seized the initiative and did not allow it to gain a foothold in the 14th figure. However, the upward dynamics also did not receive its...
4-hour timeframe
The amplitude of the last 5 days (high-low): 81 p-77 p-67 p-55 p-85 p.
The average amplitude for the last 5 days: 73 p (69 p).
On Thursday, October 18, the EUR/USD pair as a whole continues to move down. The key news of the day was the cancellation by the EU leaders of the...
Yesterday the reversal pattern was formed. The American session closed below the a control zone. It has been completed. This became possible after yesterday's US session closed below the a control zone. Anyone today will be a correction for profitable valuable instruments for sale. Returning to...
On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.On September 10, the price level of 1.1500 offered temporary bullish recovery. A quick bullish movement was demonstrated towards the upper...
Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1490. Anyway, according to the H1 time – frame, I have found a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The price rejected from the Fibonacci...
Overview: Pivot: 1.1497The EUR/USD pair continues to rise from the level of 1.1497 in the long term. It should be noted that the support is established at the level of 1.1497 which represents the 38.2% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the...
