Vladimir Ribakov analyzes EUR/USD across multiple timeframes, identifying bullish divergences and volume clusters that suggest buyers will defend lower prices. He projects the pair could reach 1.18 using a 161.8% Fibonacci expansion combined with the daily 200-period moving average.
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Hello traders, how are you? Vladimir here from Traders Academy Club. In this video, I would like to share with you my technical analysis and price prediction on EUR/USD. If you agree or disagree and if you have any interesting inputs of your own about the EUR/USD, please share in the comment section so other viewers can benefit from a different view as well. Ready? So let's begin. But just one step before, if you are new to this channel, welcome to our fantastic community. I would like to invite you to subscribe to the channel. Please follow the subscribe button below this video and remember to enable the notification. And also, I invite you to join our trading family, Traders Academy Club. You can find the link below this video in the description or in the pinned comment in the comment section. So why am I bullish on the euro dollar? Actually, that's combination of factors. First of all, pretty negative, disappointing GDP just published in the US. But let's talk about the technical. We are here for the technical, right? So as we can see on the weekly chart, we've had 3 clear waves, momentum waves, a very strong rally we faced there. And afterwards we faced 2 waves of correction which end with a bullish divergence, lower lows on the chart, higher lows on the indicator. In that case, it was the histogram making a flip from negative zone to positive to one more negative low, which is now higher than the first low. Very interesting, promising sign by itself. The other thing we have here is this, one of my favorite signs: low that was cleaned. I call that a clearance done by the masters. And on a daily chart, we can see that we have a massive volume area here in this zone, and we are right now way below it. Okay, so there is a good chance if the buyers will indeed take the control as expected that they will try to push back to this zone. And we can see that currently there is one more zone building up of volume, so there is a good chance that the buyers are those who now put the pressure. Dropping down to the 4-hour chart, that's where the things starts to be interesting from my point of view. After the bearish momentum we've had to the downside, it ends with a bullish false breakout and the convergence. Afterwards, we got 2 waves up, 2 waves down, where we can see it ends also with a bullish divergence. So I see that very interesting sign. And what's more interesting here is Again, this zone— look at this massive area. It is holding and building up a key volume area. A lot of transaction on this area should, from my point of view, be a hint that, okay, the buyers resist to this low. They, uh, they don't accept the euro to go below this area. And the way I see that As long as this area successfully holds, I would expect the euro dollar to keep pushing further upside. As per potential target zone to watch, so we, um, first of all go with the— here with the 200 moving average on a daily chart. And I on purpose put that there so you can see that if we take the duplication of the legs then the 100% duplication meets with the daily 200 moving average. I see that as a very interesting combination. I don't usually— that by default, um, I don't usually use that by default, but when such an interesting technical thing comes together, it's something to pay attention to. Well, From my point of view. And on the longer view, I would be looking for this massive area and 161.8% expansion of this leg. And if, again, if the buyers take the control for real, we can see the price pushing all the way closer to 118. So, um, that's it. That's my view. Uh, let me know, what do you think about the euro dollar? Are you bullish? Are you bearish? And mainly Why? Thank you very much for your time watching this video. I wish you a wonderful trading, uh, and I invite you once again to join our trading family, Traders Academy Club. The links are below this video in the description and in the pinned comment. Take care, stay safe, and I'll see you soon with more interesting trading ideas.
