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The European Union’s statistics office Eurostat said industrial output in the 19 countries sharing the euro rose 0.9% month-on-month in September for a 4.9% year-on-year gain. Hello, dear traders, we are new here, so we ask you to support our ideas by asking “SUBMIT” and COMMENTS, and you can also freely ask any questions in the comments, we will try to answer everyone, thank you guys. Not time ago price made strong upward impulse and broke old resistances line and level. Hello TradingView community and my followers, please if you like the ideas, don’t forget to support them with likes and comments, thank you very much and here we go.
Impress your date with Currency Lingo!
Our vision for EURUSD is still long by the clues given also from our indicators. So today we are looking for a retracement for a new pullback.
You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999. Today I want to analyze a very useful topic – how to trade from accumulation zones . Accumulation Surely you have noticed that the price first makes an impulse, then stops, after which it makes an impulse again. This is the simplest scheme of price movement.
EUR/USD (EURUSD=X)
Each stage can be disassembled and a good trader should be able to trade at each… Today, we are taking a look at the situation that is present on EUR/USD. Taking a look at the WEEKLY timeframe graphic, it can be observed that the price has printed some serious impulsive moves to the upside in the previous couple of weeks. The descending channel pictured berkshire hathaway letters to shareholders book on the chart has finally been broken and… You have read our Risk Disclosure and have the necessary knowledge and experience to understand the risks involved. According to my expectation in the previous analysis, the price has had an initial negative reaction to this bearish order block until now and has succeeded in correcting the price by 70 pips!
- Euro made strong upward impulse and reached my second target.
- The assumptions of the previous analysis are still valid!
- The U.S. currency has been one of the few beneficiaries this year of a market battered by geopolitical fears and worries about the consequences of interest-rate increases from the Federal Reserve.
- PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes which may arise from Your participation in the trading with margin.
- This is an update to my previous idea on EURO.
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Paris overtakes London to become Europe’s biggest stock market
This is an update to my previous idea on EURO. Euro made strong upward impulse and reached my second target. Not time ago, the price broke the third target which is located at $1.020, and now…
The assumptions of the previous analysis are still valid! Follow me for more analysis & Feel free to ask any questions you have, I’m here to help. The U.S. currency has been elliott wave software one of the few beneficiaries this year of a market battered by geopolitical fears and worries about the consequences of interest-rate increases from the Federal Reserve.
O Gráfico Online de EUR/USD
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So far, the month of November is one of correction for EurUsd with the pair rising more than 600 pips in the last 2 weeks. However, let’s not forget that the long-term trend is strongly bearish, and also fundamentally nothing changed significantly and a slightly better-than-expected CPI alone couldn’t change a strong trend. EUR/USD in the last session reach our entry point for a reversal and today the price falls down to retest the dynamic resistance of the Bullish channel. Also, the RSI is inside a reversal scenario from the overbought area.