Eur-usd
EURUSD Analysis 10-11-23We've been considering DXY strength across setups on the AUDUSD, NZDUSD, GBPUSD.
But what if the DXY does not strengthen, but instead, reverses lower?
Moves to the downside on the EURUSD have been held twice at the 1.0660 price level, which coincides with the 38.2% fib retracement level from the longer term.
If this support level continues to hold strong, this could be a good base for the EURUSD to bounce off and trade higher (especially if the DXY weakens)
EURUSD: Is That a Bullish Signal?!🇪🇺🇺🇸
EURUSD is testing a peculiar confluence zone based on 382 fibonacci retracement
of the last bullish impulse and a horizontal demand zone.
The price formed a doji candle on that on a 4H and as a confirmation -
a tiny double bottom on an hourly time frame.
I expect a pullback now to 1.0700, 1.0717
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EURUSDWillson came to visit bro 😁
The euro pared back its recent gains post-NFP with several US central bank speakers 'outperforming' their European Central Bank (ECB) counterparts. In particular, the Fed's Logan and Bowman emphasized the resilience of the US economy and the likely need for further interest rate hikes. In short, Fed officials will likely adopt a 'wait and see' approach as more data is needed after the recent NFP miss.
EURUSD Buy after one more drop.EURUSD is trading inside a Bullish Megaphone pattern.
The price is on the corrective wave towards the patterns bottom (Rising Support), currently supported by the 4hour MA50.
The minimum decline after a top has been -1.37%, which gives a first entry around the 1day MA50.
The maximum has been -1.65%, which gives an entry on the 4hour MA200. Essentially we have a 1.05775 - 1.06100 Buy Zone (the white circle).
You can buy either there of after the 4hour MACD forms a Bullish Cross or the 4hour RSI approaches its Buy Zone.
Target 1.08000, which is under the 1.382 Fibonacci extension, the level that formed the two last Highs of the Megaphone.
Previous chart:
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EURUSD 9 Nov 2023 Intraday Analysis - Powell Speaks 2nd DayThis is my Intraday analysis on EURUSD for 9 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Price tapped into 4H Demand and bounced creating a Bullish CHoCH and forming a fresh Demand zone that could hold price for continuation up to the 4H Supply / Swing High.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT turned bearish confirming Swing High and the pullback started. After which we got a bullish iBOS which indicated that the pullback is over but we broken the strong low yesterday and price failed to continue down and we created again a Bullish iBOS.
This behavior ob Bullish Bearish-Bullish is solid bullish indication and will keep me in the bullish side of EURUSD to target the Swing High or at least the 4H Supply formed when we started the pullback.
3.
15m Demand for possible longs as long the Strong INT low will hold.
EURUSD Pull back underway. Buy at the bottom.EURUSD is trading inside a Channel Up for a little more than a month and currently is on a rejection pull back on its top.
Technically the pull back legs inside this pattern have been at least -1.35%.
Such a pull back will test the MA50 (1d) as Support for the first time since August 11th.
Trading Plan:
1. Buy on the MA50 (1d).
2. Sell if a (1d) candle closes under the Channel Up.
Targets:
1. 1.07900 (MA200 1d).
2. 1.05170 (Support 1).
Tips:
1. The RSI (1d) is trading inside a Channel Up also, with the MA line supporting. A break under it, can be used as an additional early sell indication for 1.05170.
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Notes:
Past trading plan:
EURUSD 8 Nov 2023 Intraday Analysis - Powell Speaks This is my Intraday analysis on EURUSD for 8 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Expectations that as long this demand zone holds and the 15m OF stay bullish we can resume the bullish move and target the INT High.
The only concern that we didn't pullback to the 50% of the Swing which is something to pay attention to as we could visit the Swing 50% before we continue up.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT turned bearish confirming Swing High and the pullback is starting.
Price taped into the 4H Demand and created a bullish iBOS which indicate that the 15m Swing pullback is finished and we will continue the bullish move targeting the Swing High.
3.
4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.
4.
4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
EURUSD: Still bullish but 1D MA50 pullback eyed.EURUSD hit all of our targets (charts at the bottom), made a HH at the top of the Channel Up but even though it crossed above the R1 level (1.07375) it failed to close over it and got rejected. The trend remains bullish on the medium term, as the 1D technical outlook suggests (RSI = 58.604, MACD = 0.001, ADX = 24.656) but we do expect a technical pullback to test the strength of the 1D MA50.
If the trend has indeed shifted from bearish to bullish, then the pair should close the 1D candles from now on over the 1D MA50. Additionally, the 1D RSI's HL trendline can offer Support. We are expecting a rebound around 1.06300, targeting the 1D MA200 and a new HH on the Channel Up (TP = 1.07900).
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EURUSD 7 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 7 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows.
After a BOS we expect a pullback, but be mindful that all TFs are bullish in Structure or OF so most probably that bullishness will continue.
As we did a CHoCH on the 4H and iBOS on the 15m we can expect the pullback is starting after the BOS.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15 Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT turned bearish confirming Swing High and the pullback is starting. expectation is that the pullback will continue to the 4H POIs and from there we can expect a change in the bearish OF and the INT will change to bullish.
3.
4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.
4.
4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
EURUSD Bullish break-out above 1D MA50. Buy the pull-back.The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30):
The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it eyes Resistance 2 next (1.09455).
The 1D CCI is on Higher Highs and this is consistent with the mid-rally consolidation on both of the previous rebound legs of the 2023 Megaphone pattern. In fact, every time the pair closed a 1D candle above the 1D MA50, it later pulled back on it to test it as a Support and resumed the rally. The eventual peaks have completed at least a +5.47% rise.
As a result, we are looking for a pull-back in order to buy again and target 1.1000 (less than +5.47% rise from the bottom).
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EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD
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EURUSD 6 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 6 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bullish INT
2.
As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows.
After a BOS we expect a pullback, but be mindful that all TFs are bullish in Structure or OF so most probably that bullishness will continue.
Will be looking for pullback to start once we tap into the Weekly/ 4H Supply zones that is price is approaching currently.
Will wait for LTFs to guide for maybe the Swing pullback is starting.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT still bullish so we can continue longs but be mindful that the 15m Swing pullback could start at any time.
3.
4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
EURUSD 6 - 10 Nov 2023 Weekly AnalysisThis is my Weekly analysis on EURUSD for 6 - 10 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
2.
After the iBOS we expect pullback, price tapped into Liq on the lift and a demand zone which showed a nice reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish
Last week we had bounced nicely continuing the pullback after the iBOS and we are currently approaching a Weekly Supply/Flip Zone.
3.
Potential flip supply zone to continue the INT bearish structure and Swing bearish leg
But be mindful that the INT structure doesn't have IDM and the zone/CHoCH could be used as IDM and we will be in the Swing Discount
4.
Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
2.
After BOS we expect a pullback
CHoCH will be the first sign of maybe pullback is starting, price did a CHoCH confirming INT Low formation.
OF turned bullish to facilitate the Swing pullback and most probably we will continue bullish till we sweep Liq on the lift which reside below the Weekly and Daily Supply zones before we see bearish continuation.
3.
Weekly/Daily supply zone and the extreme of the bearish INT Structure which could provide a short opportunity if we are going to react from these zone.
Let's watch LTF to guide us for potential shorts.
4H Chart Analysis
1.
Bullish Swing
Bullish INT
2.
As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows.
After a BOS we expect a pullback, but be mindful that all TFs are bullish in Structure or OF so most probably that bullishness will continue.
Will be looking for pullback to start once we tap into the Weekly/ 4H Supply zones that is price is approaching currently.
Will wait for LTFs to guide for maybe the Swing pullback is starting.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
Economic Events for the Week
EURUSD 3 Nov 2023 Intraday Analysis - NFP Day This is my Intraday analysis on EURUSD for 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bullish INT
2.
After sweeping the liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more.
We reacted yesterday from the supply zone that formed to sweep the liquidity but there is a high probability that we will break this zone to target the Swing High.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the last iBOS, price reacted from 15m Supply that caused the bearish iBOS to facilitate the bullish iBOS pullback.
INT Structure holding bullish continue the bullish swing continuation.
3.
4H Demand zone which includes 15m Demand zones that can provide potential buys to continue bullish.
I don't think that price can pullback all the way down to the 15m demand which is a sign of weakness, instead i'm looking for breaks to the upside from here and continuation today.
EURUSD 2 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 2 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bullish INT
2.
The Swing continuation moved stopped at the 4H Supply yesterday and created a fresh Supply zone after the bearish CHoCH.
As stated yesterday that If the low that started the Swing Continuation move failed to break the Swing high then there is a high probability that it will be targeted.
Buys still the theme within this swing but the liquidity formation above the extreme demand zone is maybe the target now to continue up which we did yesterday.
After sweeping this liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
INT Structure turned bearish which allowed price to sweep the Liq from the 4H Structure low yesterday and turned back again to bullish after sweeping the liquidity.
Now 15m Swing and INT align with the 4H Swing and INT and it's a high probability to continue up again to target the 15m Swing High and above as long the INT Structure lows are respected and staying bullish.
3.
4H Demand zone which includes 15m Demand zones that can provide potential buys to continue bullish.
I don't think that price can pullback all the way down to the 15m demand which is a sign of weakness, instead i'm looking for breaks to the upside from here and continuation today.
EURUSD You need a break out in order to safely trade this patterEURUSD crossed today under the short term Channel Up pattern but for now it appears that it will close the day back inside it.
As long as it does, the trend is neutral. It needs a (1d) candle closing over the MA50 (1d) to turn bullish and under the bottom of the Channel Up in order to turn bearish.
Trading Plan:
1. Buy after a (1d) candle closes over the MA50 (1d).
2. Sell after a (1d) candle closes under the Channel Down.
Targets:
1. 1.07700 (Resistance 1, under the MA200 1d).
2. 1.04700 (near Support 1).
Tips:
1. The RSI (1d) is supported by the MA (yellow) line. Crossing under it, could be an early sell signal.
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Notes:
Past trading plan:
EURUSD 1 Nov 2023 Intraday Analysis - ADP/FOMC DayThis is my Intraday analysis on EURUSD for 1 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bearish INT
2.
The Swing continuation moved stopped at the 4H Supply yesterday and created a fresh Supply zone after the bearish CHoCH.
If the low that started the Swing Continuation move failed to break the Swing high then there is a high probability that it will be targeted.
Buys still the theme within this swing but the liquidity formation above the extreme demand zone is maybe the target now to continue up.
Breaking Swing Low will invalidate this Bullish structure and we will be in daily bearish continuation.
3.
4H Demand zone could hold the price to continue up but the Liq is below it so not a high probability zone.
4.
4H extreme demand is the last zone for price to mitigate if it failed at current price to continue up.
This is the last option for longs for the current bullish swing.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
INT Structure turned bearish after the iBOS and this 15m Flip Zone could provide an opportunity for Shorts.
Be mindful that the 15m/4H swings are Bullish and we are expecting to target the Swing Highs. But as price turned bearish aggressively yesterday, standing aside till INT structure allign with Swing will be my approach till end of the week.
3.
15m and 4H Demand zone that can facilitate the pullback for the bearish INT Structure.
EURUSD 31 Oct 2023 Intraday Analysis This is my Intraday analysis on EURUSD for 31 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bullish INT
2.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
Price pulled back to almost to the swing extreme and we would expect the 4H swing low to hold and we will target the weak Swing High.
3.
4H Demand zone could hold the price to continue up but the Liq is below it so not a high probability zone.
4.
4H extreme demand is the last zone for price to mitigate if it failed at current price to continue up.
This is the last option for longs for the current bullish swing.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we confirmed the Swing High and the Swing pullback started.
We reached EQ and 4H demand for high probability bullish continuation.
Internal Structure turned bullish to conform the Swing pullback is over and we are going to continue bullish to target the weak swing high.
3.
15m and 4H Demand zone that can provide a potential continuation to the up side if it's going to hold.
EURUSD: Daily Price Action Suggests A Move UpLooking at this pair it's been trading in a descending dynamic channel since mid-July, it makes up nearly 58% of the DXY index and so is in close negative correlation to this index.
We can see the on the daily a pinbar followed by a long-wick doji, which could mean reversal, the opposite can be seen in DXY:
We can now see a breakout of the channel, and the pinbar was formed on the restest, and now the long wick doji.
We have a lot of news this week affecting the Euro (Mon / Tues), and then the USD (Wed).
Overall I think that the price action is determining a weaker dollar which means stronger crosses for the next short period of time, dollar needs a rest and has failed to form a new HH yet despite economic news that would normally entice the bulls.
There will be volatility this week so being conservative with initial target, however depending on the news we could well see us back over 1.08 this month.
EURUSD New bullish wave incoming. 1st 4H Golden Cross in 4monthsThe EURUSD pair hit both of our targets on the latest bullish signal (see chart below) we gave on October 16, as it completed a technical Higher High on October's Channel Up:
The price is now staging the new bullish leg as it established the new Higher Low on the Channel Up. Even though the recent Higher High was rejected on the 1D MA50 (red trend-line), which is a bearish sign long-term, the emerging 4H Golden Cross (first since June 19), has the strength to invalidate that rejection.
As a result, a closing above the 4H MA200 (orange trend-line) will be a buy break-out entry for us, targeting 1.07125 (+1.85% rise from the bottom) and 1.07375 (Resistance 2) in extension. Note that as with every Channel Up bottom so far, the 4H MACD formed a Bullish Cross.
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