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Showing posts with the label EURUSD

#EURUSD,#GBPUSD,#BTCUSD Forex Signal (11 June 2024)

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EUR/USD Forex Signal: Found Support at $1.0758 EURUSD was not triggered, as there was no bullish price action when the support level at $1.0863 was first reached. Today’s EUR/USD Signals Risk 0.75%. Trades may only be taken prior to 5pm London time today. Short Trade Ideas Short entry following a bearish price action reversal on the H1 timeframe immediately upon the next touch of $1.0784, $1.0834, or $1.0856. Place the stop loss 1 pip above the local swing high. Move the stop loss to break even once the trade is 20 pips in profit. Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride. Long Trade Ideas Long entry following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.0758, $1.0722, or $1.0709. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 20 pips in profit. Remove 50% of the position as profit when the price reache...

#EURUSD Weekly Forecast: Get Ready Because Volatility is Coming for Traders (3 June 2024)

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The EUR/USD finished trading comfortably above the 1.08000 level this Friday, this as the currency pair and speculators await the European Central Bank’s rate decision this coming Thursday. The EUR/USD is set to begin trading near the 1.08475 mark early tomorrow morning. The currency pair enjoyed a rather solid test of its near-term price range the past handful of days and the ability to go into the weekend perched well above the 1.08000 level is likely being received by companies and investors with an interest in seeing a strong value for the EURO in a positive manner. A low of nearly 1.07860 was tested this past Thursday, but trading below the 1.0800 level proved to be momentary. The price action on late Wednesday ant into early Thursday while lows were tested and the ability of the EUR/USD to then incrementally rise is noteworthy. Also worth a technical glance is the notion that the 1.08100 ratio when tested briefly on Friday proved rather durable and a climb to a high of nearly 1.0...

#EURUSD,#GBPUSD: Weekly Forecast 16- 22 April 2023

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EUR/USD: Weekly Forecast 16th April - 22th April The EUR/USD went into the weekend within sight of its highs attained early on Friday, and continues to find speculative buying persists with the currency pair. The EUR/USD will start the week near the 1.09930 mark, which is a price that has last seen sustained values in March and April of 2022. Yes, the EUR/USD did trade above the 1.10000 level briefly in early February of this year, and this past Friday the currency pair did trade near a high of 1.10800 before faltering. However, sustained prices near these levels have not been accomplished for over a year and speculators who believe the EUR/USD can go higher are certainly looking at their long-term charts to gain perspectives. EUR/USD Battling Highs is a Solid Trend but Concerns Abound The ability to climb over 1.10000 on Friday and move even higher was significant. However, traders need to remain realistic, if the reversal lower didn’t cause concern then it should be remembered th...