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We can expect more fall here like the red arrows mentioned on the chart. Notice: each arrow is showing support and target if the support breaks more dump is ahead. If you guys like my analysis please hit like. Disclaimer:- This is not financial advice.
Price is reached resistance level 1. I see that Euro can try break it soon after retesting. If this situation will be next, I think that Welcome back Traders, Investors, and Community! We will be glad for this. Eurusd has broken out of its descending channel and constently making higher market structure. I am in for a long. POW reversal in use for this idea. One current live trade which alerted not long ago Green printed labels show all the trade details.
Green lines are TP and purple lines SL. Chart also shows previous 4 trades. Three winners one loser. Lets see how the week ends on this strategy I don't like last 4 bars, the volume and result show us the weakness. Shadows or wicks tell us about the presence of supply. Probably, we are going to test the resistance level first.
By looking at the demand volume, I have some doubts that we can overcome the level. That's why, most likely, we might have a correction phase. Trade safe, Joe. Get started. Videos only. Lingrid Premium. Asmai1 Premium.
ForexTrendline Premium. Dave-FX-Hunter Premium. SignalSwiss Premium. Daily Forex Forecasts. Later, the market may resume growing to reach 1. Later, the market may resume falling to break 1. Possibly, today the pair may expand the range up to 1. Later, the market may continue trading downwards with the target at 1. Later, the market may fall to break 1. Later, the m Today, the pair may correct with the target at 1. Later, the market may then start a new decline towards 1. Later, the market may correct to correct towards 1.
Later, the market may correct to return to 1. Later, the market may grow to return to 1. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 1. Later, the market may form a new descending structure to return to 1.
Later, the market may start a new correction towards 1. After that, the instrument may start a new correction to return to 1. After that, the instrument may start a new correction with the target at 1. Possibly, the pair may expand the range down to 1. After that, the instrument may correct to return to 1.
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The Euro Dollar Exchange Rate - EUR/USD is expected to trade at. Get live updates on the EUR/USD rate with the interactive chart. Read the latest EUR/USD forecasts, news and analysis provided by the DailyFX team. Latest EUR market news, analysis and Euro trading forecast from leading DailyFX experts and research team.