EURUSD Near Ascending Channel’s Peak: Will It Reverse?

27 sty

EURUSD(EURUSD) rose to the Resistance zone($1.054-$1.044), as I expected in the previous idea.

EURUSD is moving in the Resistance zone($1.054-$1.044) and near the upper line of the Ascending Channel (the role of resistance).

According to the theory of Elliott waves, it seems that EURUSD has completed 5 impulsive waves, and we should wait for corrective waves.

Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.

I expect EURUSD to fall at least to the Targets I have marked on the chart.

What do you think? Will EURUSD break the Resistance zone($1.054-$1.044) or back to test the Support zone($1.039-$1.033)?

Note: If EURUSD breaks the Resistance zone($1.054-$1.044), we can expect more pumps.

Please respect each other's ideas and express them politely if you agree or disagree.


Euro/U.S.Dollar Analyze (EURUSD), 2-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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28 sty

Zlecenie aktywne

A short position was activated when EURUSD broke the uptrend line.

28 sty

Transakcja zamknięta: osiągnięto wyznaczony cel

First Target Done

29 sty

Uwaga

Full Target Done

🇺🇸Today, the FOMC Statement, Federal Funds Rate decision, and Press Conference will take place, which can bring significant volatility to crypto, forex, and stock markets. Be cautious with your positions! These events may set the market direction.

Time: 7:00-7:30 PM (UTC)