EURUSD Multi TImeframe Analysis 03.10.2024M15 Swing and Internal Structures are both Bearish aligned with 4H Structure. If you are looking for Longs, beter be cautious.
The price is now in Daily Demand zone and approaching to old 4H Demand but this low is likely to be taken so I don't think it is going to hold long but we might see fake 15m bullish breaks in this 4H demand before it fails.
Ideally wait price to mitigate 15m Supply to take shorts which would be more probable than long positions.
Check 4H and Daily Analysis below
Eurusd-3
EURUSD: Continuously searching for new bottoms!Dear Investors,
Today, let's dive into the EURUSD pair analysis with Conan!
In recent days, EURUSD has not had many big fluctuations, but still maintains the trend of finding new bottoms through red candles. Technically, the double top pattern has been confirmed and the price has broken the 1.1100 level, opening the possibility of a deeper decline. However, to break the strong support at 1.1000, the sellers need confirmation from the new resistance zone at 1.1085 - a level that matches the 0.618 Fibonacci level in our forecast. Potential profit-taking levels that investors can consider are 1.1000 and 1.0900 respectively.
What do you think about this analysis? Share your views!
EurUsd- Could drop 150 pipsYesterday, EUR/USD saw a sharp drop from the 1.12 level, reinforcing it as a strong resistance. The pair rebounded after touching the rising trend line, but in my view, it's only a matter of time before this support is broken.
In conclusion, I am looking to sell into rallies, targeting the 1.10 support, with a stop in place should there be a daily close above 1.12.
Could price reverse from here?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 1.1020
1st Support: 1.0957
1st Resistance: 1.1075
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EURUSD H4 | Bearish Continuation Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.1046, which is a pullback resistance.
Our take profit will be at 1.1003, a swing-low support level.
The stop loss will be placed at 1.1092, which is a pullback resistance level.
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#EURUSD - 3 OctPZ held the highs perfectly as EURUSD just moved lower; if wait for a pullback, will not get that unfortunately.
While I could continue to be bearish from here; I decide to try a counter-trend long from the triple support zone below. Would need to get a bullish reversal candle off the zone for the long, instead of going long directly IMO. Upside target would be to 1.1074.
Riding the Wave: A Deep Dive into EURUSDElliott Wave Analysis of EURUSD
This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and individuals should consult with a financial advisor before making any investment decisions.
Current Analysis
Based on the provided Elliott Wave chart, we've identified the following:
Completed Waves: Waves (1) to (4) have been completed in blue.
Potential Ongoing Wave: Wave (5) is currently unfolding, with wave 1 completed in red.
Scenario 1: Upward Reversal
If the low of wave (4) is not breached, we can anticipate a potential upward reversal. This would indicate the completion of wave 2 in red and the beginning of wave 3 in red. This bullish scenario suggests a continuation of the uptrend.
Scenario 2: Downward Correction
If the low of wave (4) is broken, it would suggest that wave (4) is still in progress. This could lead to a further downward correction before the uptrend resumes.
Key Points
Support Level: The low of wave (4) serves as a crucial support level. A break below this level would invalidate the current bullish scenario.
Resistance Level: The high of wave (1) could act as a potential resistance level. A break above this level would strengthen the bullish outlook.
Elliott Wave Theory: This analysis is based on Elliott Wave Theory, which posits that financial markets move in predictable patterns. However, it's important to note that Elliott Wave analysis is not infallible, and other factors can influence market movements.
Conclusion
The current analysis suggests a bullish outlook for EURUSD, assuming the low of wave (4) is not breached. However, it's crucial to remain vigilant and monitor market developments closely. Always conduct thorough research and consider multiple factors before making any trading decisions.
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EUR/USD - We Keep Flying..Interesting breakout of a structural channel.
(If you allow yourself to see the details, you will notice that the breakout was accelerated).
In the long term, the market does not stop rising!!
(Don't react, use the strategy)
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EURUSD: Dollar going stronger than EuroThe orange circle, shows the exact moment where, at the same time, ICEUS:DX1! crossed over CME:6E1! and the 200-sma was in the middle of this crossover.
The Dollar futures are gaining stregth while on the other hand, Euro futures are falling in price.
After the crossover, a strong bearish candle cross the support, the price remain in congestion with yesterday price closing at 1.10533.
Today the price is already below a support during early september and a resistance in the week after.
Indicators: Besides the 200sma. The RSI is projecting to go overbought or at least close, while DMI- is increasing the direction and ADX is confirming the trend strength.
EURUSD | Trend Breakout and Double Tops FormedThe EUR/USD pair has reversed from a key daily resistance level, confirming this zone as a significant sell area. A trend breakout has further intensified the bearish sentiment. Additionally, the price has formed a double top pattern, reinforcing the bearish outlook. Based on this analysis, a short position could potentially yield a profit of 50-100 pips.
EURUSD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1046
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1089
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.10826
Wish you good luck in trading to you all!
EURO - Price can rise a little and then bounce down to $1.1010Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from mirror line and made upward impulse, thereby breaking $1.1010 level.
Then price started to trades inside flat, where it at once rose to resistance level, which coincided with top part of flat.
After this, EUR turned around and in a short time fell to mirror line and then bounced up again.
Later price reached $1.1200 level again and some time traded near, after which turned around and started to fall.
Euro fell to mirror line and recently broke it, so, now it trades very close to this line inside flat.
I think that price can make a move up, higher mirror line, and then continue to decline to $1.1010 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Levels discussed 2nd October2nd October
DXY: Consolidating, could retrace to 101.10 (23.6%), looking to break above 101.40 and trade up to 101.80 (stay above 100.90 to maintain bullish)
NZDUSD: Sell 0.6265 SL 20 TP 55
AUDUSD: Sell 0.6860 SL 20 TP 40 (forming H&S pattern)
GBPUSD: Sell 1.3240 SL 30 TP 80
EURUSD: Sell 1.1045 SL 20 TP 40
USDJPY: Could continue ranging, Buy 144.80 SL 40 TP 120
USDCHF: Sell 0.8470 SL 15 TP 55
USDCAD: Buy 1.3475 SL 20 TP 60
Gold: Could trade up to 2665, could be held briefly along bearish trendline.
Market Analysis: EUR/USD Trims GainsMarket Analysis: EUR/USD Trims Gains
EUR/USD declined from the 1.1200 resistance and corrected gains.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline below the 1.1150 support zone.
- There is a connecting bearish trend line forming with resistance at 1.1070 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.1200 resistance zone. The Euro started a fresh decline and traded below the 1.1150 support zone against the US Dollar.
The pair declined below 1.1125 and tested the 1.1100 zone. A low was formed near 1.1045 and the pair is now consolidating losses. There was a minor recovery wave above the 1.1060 level. On the upside, the pair is now facing resistance near a connecting bearish trend line at 1.1070.
The trend line is close to the 23.6% Fib retracement level of the recent decline from the 1.1209 swing high to the 1.1045 low. The next key resistance is near the 50-hour simple moving average at 1.1125.
The main resistance is near the 76.4% Fib retracement level of the recent decline from the 1.1209 swing high to the 1.1045 low at 1.1170. A clear move above the 1.1170 level could send the pair toward the 1.1200 resistance.
An upside break above 1.1200 could set the pace for another increase. In the stated case, the pair might rise toward 1.1250.
If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.1045. The next key support is at 1.1020. If there is a downside break below 1.1020, the pair could drop toward 1.1000. The next support is near 1.0965, below which the pair could start a major decline.
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EUR/USD Extends Losses as USD Strengthens, Bearish Impulse FocusThe EUR/USD pair has extended its decline for a third consecutive day, falling in line with our previous forecast. The US Dollar (USD) has gained traction, supported by a risk-off market sentiment and recent comments from Federal Reserve (Fed) Chair Jerome Powell. On Monday, Powell downplayed expectations of a significant 50 basis points (bps) rate cut, indicating that the central bank is not in a hurry to lower rates aggressively. His cautious tone has further bolstered the Dollar, keeping pressure on the Euro.
From a broader perspective, the main scenario for EUR/USD remains unchanged from what was outlined in previous analyses. We are still looking for a potential new bearish impulse, particularly as markets anticipate the release of the ADP Non-Farm Employment Change report later today. This key economic indicator could further influence the pair’s movement, with stronger-than-expected data likely boosting the USD and pushing the EUR/USD lower.
Technically, the pair is approaching our second take profit target as the bearish momentum continues. The current outlook suggests further downside potential, especially if today’s ADP report supports the case for a resilient US labor market, reinforcing the strength of the USD.
In conclusion, with the EUR/USD pair continuing its downward trend and the USD benefiting from Powell’s cautious stance, we anticipate further bearish action. The release of the ADP Non-Farm Employment Change report today could provide the catalyst needed to reach our second take profit target. Traders should remain vigilant, as the bearish scenario is still in play and could gain momentum following today’s data.
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EURUSD Multi Timeframe AnalysisDaily Swing Structure is Bearish
Daily Internal Bullish
Strong bearish momentum after mitigating Daily Extreme Supply + Sweeping the daily BSL in the Supply
Daily Fractal is now Bearish
We might see a bounce from this daily demand up to the daily supply
Plz check 4H and 15m analysis below
EUR/USD Analysis – Potential Rejection at Key ResistanceOn the EUR/USD chart, the price is currently not near the resistance level, but if it rises back to this zone, we could see a potential rejection, offering a good shorting opportunity. This resistance has acted as a strong barrier in the past, and with the right setup, it could provide a favorable risk-to-reward trade. Keep an eye on the price movement as it approaches this level and watch for confirmation signals before entering the trade.
EURUSD H4 - Short SignalEURUSD H4
We would be looking for something similar to this for the likes of EURUSD and US30, US100 if the opportunity is to present, we have seen and witnessed the selling pressure, now we need some market correction to offer the entry to the next wave of selling pressure.
That being said, we still want to stack confluences, our indicated sell zone now sits at 1.11 price. A whole number, area of resistance and supply. Lets see what today brings!