fbpx
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    UK100 Technical Analysis – BoE watch

    UK100 Technical Analysis – BoE watch

    The Week Ahead

    The Week Ahead

    Silver Technical Analysis – Awaiting a breakout

    Silver Technical Analysis – Awaiting a breakout

    Morning Brief – Yen volatility spikes

    Morning Brief – Yen volatility spikes

    USD/MYR Technical Analysis

    USDMYR Technical Analysis

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    UK100 Technical Analysis – BoE watch

    UK100 Technical Analysis – BoE watch

    The Week Ahead

    The Week Ahead

    Silver Technical Analysis – Awaiting a breakout

    Silver Technical Analysis – Awaiting a breakout

    Morning Brief – Yen volatility spikes

    Morning Brief – Yen volatility spikes

    USD/MYR Technical Analysis

    USDMYR Technical Analysis

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
No Result
View All Result
Home Market News Forex

EURUSD Technical Analysis – Dip is short lived

Nathan Batchelor by Nathan Batchelor
November 25, 2022
in Forex
Reading Time: 2 min
0
EURUSD Technical Analysis – Dip is short lived
467
SHARES
16.3k
VIEWS
Share on FacebookShare on Twitter

The EURUSD has started to recover sharply after having a brief dip towards the 1.0200 level earlier this week, with the pair already recovering above 1.0400.

Following the release of the Meeting Minutes the EURUSD pair received a shot in the arm as the Minutes mentioned the Fed looking towards reducing the pace of rate hikes.

The ActivTrader Sentiment tool suggests that only 30% of traders are bullish on the EURUSD. This is great news for bulls if we consider that 70% of traders are short.

As traders, we typically look to fade retail sentiment when it is overly skewed in one direction. This style of trading, fading sentiment, has been one of the most effective and used tactics of hedge funds.

The EURUSD is still showing a large, inverted head and shoulders pattern. The size of the pattern would indicate that the next rally could easily see the pair hitting 1.0800.

It is noteworthy that inverted head and shoulders patterns are amongst the most bullish patterns and these weeks bounce back above the neckline of the pair should be bullish for the EURUSD over the short-term.

See real-time quotes provided by our partner.

According to the daily time frame, the pair is trapped in a large falling price channel and has projection for the EURUSD around the 1.0700 level also at the top of the channel.

Encouragingly, the EURUSD pair actually staged a test of its 200-day moving average this week and bounced aggressively once it tests it.

See real-time quotes provided by our partner.

Tags: Eur/UsdFEDRate hikes
Previous Post

Morning Brief - Japanese CPI ramps up

Next Post

Лучшее Казино В Интернете https://crazymonkeyavtomat.com/crazy-monkey-2/ Автоматы для видеопокера Пробная версия

Nathan Batchelor

Nathan Batchelor

Related Posts

Silver Technical Analysis – Awaiting a breakout
Forex

Silver Technical Analysis – Awaiting a breakout

January 27, 2023
Morning Brief – Yen volatility spikes
Forex

Morning Brief – Yen volatility spikes

January 27, 2023
USD/MYR Technical Analysis
Forex

USDMYR Technical Analysis

January 27, 2023
USDMYR Technical Analysis
Forex

USDMYR Technical Analysis

January 26, 2023
GBPJPY Technical Analysis – Death cross on the charts
Forex

GBPJPY Technical Analysis – Death cross on the charts

January 24, 2023
USD/MYR Technical Analysis
Forex

USDMYR Technical Analysis

January 20, 2023
Next Post

Лучшее Казино В Интернете https://crazymonkeyavtomat.com/crazy-monkey-2/ Автоматы для видеопокера Пробная версия

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Market Overview

UK100 Technical Analysis – BoE watch

UK100 Technical Analysis – BoE watch

by Nathan Batchelor
January 30, 2023
0

The FTSE100 has started to move lower over the past week as traders book profits ahead of the...

Categories

  • Economy
  • Forex
  • Gadget
  • Markets
  • Opinion
  • Politics
  • RSS Feed
  • Startup
  • Tech
  • Trading Signals
  • Uncategorized
  • World

Site Navigation

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
High Leverage FX

We aim to bring you the most update and actionable information so that you can trade the financial markets with confidence and security

We are social

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account

© 2019 High Leverage FX - All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
    • Forex
    • Economy
    • Opinion
    • World
    • Markets
    • Politics
  • Economic Calendar
  • Trading Signals
  • About Us
  • Free Demo Account
en English
ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian

© 2019 High Leverage FX - All Rights Reserved.

Please share your location to continue