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Eurusdanalysis

EurUsd- Top in place and final of correction?Since the low from September at 0.95, EurUsd had a pretty good run, with the pair gaining 1k pips which translates into 10%. However, as I draw attention in my past posts, this is a correction to the overall trend with both technicals and macro fundamentals still intact and not sustaining a strong Eur in the near future. The recent top was very near a very strong and important resistance that lies between 1.07 and 1.08 and although we didn't touch that zone, the pair could have topped. At the time of writing EurUsd is trading exactly on support and a break here would confirm a false up break of the triangle and call for further losses. Considering the 1.06 top, traders should look to sell rallies in search of good R: R considering 1.0250 as the target.
Short
by Mihai_Iacob
14
EUR/USD Weekly Volatility Analysis 5-9 Dec 2022 EUR/USD Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 1.64%, down from 1.85% last week according to EVZ data With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to EVZ, we are on 2th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.18% movement Bearish: 0.97% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 30% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 1.072 BOT: 1.033 Taking into consideration the previous weekly high/low, currently for this candle there is : 70% probability we are going to touch previous high of 1.055(already hit) 30% probability we are going to touch previous low of 1.03 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 26% BULLISH trend Daily timeframe indicates 93% BULLISH trend 4H timeframe indicates 80% BULLISH trend
by exlux
EurUsd remains very well supportedAfter the clear break above 1.0350 resistance and the confirmation of the break on Friday's NFP, EurUsd starts the week strong and we have a new local high at the time of writing at 1.0565. Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation. As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact. Buy dips should be the strategy
Long
by Mihai_Iacob
6