EURUSD possible buy zone!In our analysis of EURUSD, it's essential to highlight the presence of a double bottom pattern.
This pattern, coupled with the strong support at the Fibonacci levels of 0.5 to 0.6, enhances the significance of the current situation. It suggests a compelling case for a potential upward movement, possibly resulting in a gain of over Good pips.
Stay tuned for updates, and as always, trade with confidence.
Eursd
EURUSD 4H losing momentumHello traders,The EUR/USD pair achieved an initial break of the support of the ascending channel and stabilizes below it, reinforcing expectations for the continuation of the downward trend for the rest of the day, with a reminder that we are waiting to visit the 1.0495 level as the next main target.
The moving average 50 forms negative pressure that supports the proposed bearish wave, which will remain in place provided it remains below the 1.0529 level.
Pivot Price: 1.0529
Resistance prices: 1.0579 & 1.0632 & 1.0679
Support prices: 1.0495 & 1.0451 & 1.0409
The general trend expected for today: bearish
EURUSD 4H (Pivot Price: 1.06914)EURUSD
stabilizing above 1.07449 will support rising to touch 1.07756 then 1.08289 then 1.09075
stabilizing under 1.06914 will support falling to touch 1.06369 the 1.06036
Pivot Price: 1.06914
Resistance prices:1.07756 & 1.08289 &1.09075
Support prices: 1.06369 & 1.06036 & 1.05503
timeframe: 4H
EUR/USD London Session Long - July 18 '23Price on a bullish trend is currently on our favour with liquidity. Took out asian low with a Wolfe wave as well, reacted and broke the m5 market structure giving me the confirmation I was looking for. Looking for a continuation of this bullish trend with a 1:3 risk-reward ratio. Good Luck Traders...
Shift In Market Structure Or Liquidity Grab By Smart Money????Look at the Us30, GBPUSD and EURUSD charts attached to this post, what do you see????
GBPUSD
Do you see a shift in market structure or Liquidity grab by smart money algorithm?
In financial market trading, one key to determine where the liquidity that the market will run next is located is to ask yourself who are those making money from the current move....
Where are they likely to trail their stops to.
Whatever your answer is, that is the liquidity the algorithm will most likely run first to continue in the intended direction...
With this understanding, you should now be able to understand that not all structure shift in a bullish or bearish market is a shift in market structure.
The majority are liquidity grabs by smart money algorithm.
US30
#Euro Bear Trend Continues, Will Prices Slip Below $1.0700?Past Performance
Sellers are unrelenting, and yesterday marked another day of extension. Prices edged lower as the Euro slipped in a bear trend continuation formation. The downtrend remains, and the upside has resistance at around $1.0760, marking March 19 lows.
#EURUSD Technical Analysis
Bears dominate, and EURUSD is in a breakout formation, confirming last week's losses. Moreover, bear bars are riding the lower BB suggesting strong selling momentum. For now, traders can look for shorting entries on lower time frames as long as prices are below $1.0760. Based on the EURUSD candlestick arrangement, the medium-term bear target remains at $1.0500 unless a sharp, high-volume expansion reverses recent losses and drives prices above $1.0850.
What to Expect?
Despite the clear trend, how prices react at May 25 lows at around $1.0700 may shape the short-term trend. EUR may recover as the week comes to a close, but if prices remain below $1.0760, the downtrend remains, and bears could still drive prices to $1.0500 in the sessions ahead.
Resistance level to watch: $1.0760
Support level to watch: $1.0700
Disclaimer: Opinions expressed are not investment advice. Do your research.
EURUSD: Further ECB tightening - BUYGreetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
It is anticipated that the ECB will increase its Deposit Rate by 25 basis points in May and then again in June, resulting in a peak rate of 3.50% for this cycle. Despite the current market pricing indicating a maximum policy rate of approximately 3.09%, we believe that this is too low based on our expectations for a more aggressive ECB policy outlook. This prediction is a significant element in our projection for the Euro to exhibit medium-term resilience against the USD.
Note: Note: Full TP, SL for winning the market and safe trading!
EURUSD Daily Analysis | Jul 11Heading into this week, I expect the dollar to remain strong and thus have more downside throughout all the USD pairs(see my other analysis). With EURUSD in particular, I would like the pair to retrace up a bit before entering any shorts. Something around 1.03500 would trigger my attention and as far as the targets go, I would aim for 0.99872 at least. However, price breaking above 1.05174 would invalidate my bias completely.
EURUSD.....................................................................................................................................................................................................................Risky entry, since the overall trend is bullish. Just trying to catch the reaction from the demand zone. Manage well. First target 1:1R
Elliott Wave View: EURUSD Should Continue LowerShort-term Elliott wave view in EURUSD suggests the decline from May 25, 2021 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from May 25, wave (1) ended at 1.1664 and rally in wave (2) ended at 1.1909. Pair then extends lower in wave (3) towards 1.1522 and bounce in wave (4) ended at 1.1692. Internal of wave (4) subdivided into a double three structure. Up from wave (3), wave W ended at 1.1669, wave X ended at 1.1583, and wave Y ended at 1.1692.
Wave (5) is currently in progress lower. Internal of wave (5) unfolded as an impulse in lesser degree. Down from wave (4), wave 1 ended at 1.1533 and bounce in wave 2 ended at 1.16164. Internal of wave 2 unfolded as a zigzag structure where wave ((a)) ended at 1.1613, wave ((b)) ended at 1.156, and wave ((c)) ended at 1.16164. Pair has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 1.1526. Near term, while wave ((ii)) rally fails below 1.16164, and more importantly below 1.1692, expect pair to extend lower. Potential target lower is 100% – 161.8% Fibonacci extension of wave 1 at 1.1359 – 1.145.
Buy eurusd Hello traders! Let’s look at today’s daily analysis. We see a double bottom that formed (not perfect) but if you go in the higher time like the 2 hour time frame you can also see it perfectly reject at 1.5707 and then it went up. Not only that but we see confirmation as it came back for the retest and rejected.
This zone we are in is a zone it hasn’t been at since last year. Whenever there is a zone this far back there needs to be validation so it needs to move up to the last zone which could be the 1.16500 zone but we won’t take it that long since it’s the end of the week and the end of the month.
Let’s talk about yesterday. I was wicked out in profit at the range I posted. So I posted where I was taken out. If you held it would’ve hit TP. On days like yesterday for me it’s more important to retain my capital rather than make money. But today is different, I am much more confident in this move up. If you like this post follow for daily analysis.
EURUSD LongHello folks. As expected, London open being used to re-balance price. I expect there to be a reaction at the blue zone which I have highlighted. Here, I will monitor lower timeframe structure and look to catch the low of the week. If price just continues dropping, I will have to re-analyze.
- Not a signal
- Not financial advice
- Do your own research
USDEUR (EURUSD) FAILS AT 85As you see, we saw multiple rejections from 85 level. Note, this is inverted eurusd, this is how American financial system looks and trades EUR, in dollar value. This should be kept in mind. You will not understand what is going with EURUSD on until you see that USDEUR simply hit 85. I did quite a few trades to and off 85. It has to be decisive breakout candle through 85 before you can continue with shorts on EURUSD (longs with USDEUR).
Today seal the fate of EURUSDNow, we are at an inflection point looking at the chart. You can see that it has broken down from the 1.19 support level. Tonight closing will determine if this is a false breakdown trapping the early bears OR it will break out from the support turn resistance level and shoot up higher.
Conversely, the DXY chart also mirrors the same pattern as well. You can see it has break out of the 91 resistance level and will it continue to go higher or starts to break down from here ?
I will probably wait for 1.19651 as confirmation before going long on EURUSD.