Euro H4 | Falling to 61.8% Fibo supportThe Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.1071 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.1030 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 1.1184 which is a multi-swing-high resistance.
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Eurusd-4
TRADE SETUP ON EURUSDHey Trader,
Check out this analysis on EURUSD.
The entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURUSD Analysis after the FED, BOE and BOJ!The analysis of EUR/USD suggests a relatively strong position for the pair, currently stable around 1.1160, with a bullish outlook supported by both technical and fundamental factors.
Technical Factors:
Relative Strength Index (RSI): The RSI indicator on the 4-hour chart is near 70, indicating the pair is in overbought territory, suggesting that a technical pullback or correction could be imminent in the short term. However, the overall bullish trend remains intact for now.
Support and Resistance Levels:
Resistance: The first resistance level is at 1.1200, followed by 1.1275, which represents the July 18, 2023 high.
Support: The first support level is at 1.1135, followed by 1.1100.
Fundamental Factors:
US Dollar: The potential weakness of the US Dollar is a key factor. The likelihood of the Federal Reserve reducing interest rates in 2024 could contribute to a decline in the Dollar, increasing bullish pressure on the EUR/USD pair. Although the data on initial jobless claims (219,000 vs. 231,000) temporarily supported the Dollar, the prevailing risk sentiment in the markets reintroduced bearish pressure on the Dollar later in the week.
European Central Bank (ECB): Comments from ECB members indicate that no significant monetary policy changes are expected until December. However, ECB President Christine Lagarde's speech could have market impacts. If she opens the door to a rate cut as early as October, it could weaken the Euro. However, at this time, such a possibility seems unlikely.
EURUSD → get a long positionhello guys.
as you can see the eurusd breakout the ascending channel and the last high!
this position is based on a solid breaksout and if the stop loss touched then it means the breakout was a hunting!
entry level= 1.1048
stoploss=1.0950
target1=1.1131
target2=1.115
atrget3=1.1268
___________________________
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EUR USD IdeaWe have no trades in this chart. The price has been bullish for weeks, and bulls have delivered the price into the destination of the heavy seller area to sell them. It's like a war zone. I wanted to get the FOMC fundamental bull back but got stopped out with a break-even trade, so I'm not trading it unless I see a daily candle start doing something. So, I do not scalp or do nothing. I want my scalps to have the possibility to run 10x or 20x. So, I use large time frame structures for small timeframe entries to hold my win rate high, meaning I need to sit behind the screen 80 hours a week almost. But my rates are over 65% since 2001. It's my trading style. I need volume indicators and fundamental, and everything match up before I click on the mouse. I'll keep you posted.
Bearish reversal off pullback resistance?EUR/USD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 1.1192
1st Support: 1.1081
1st Resistance: 1.1252
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#EURUSD - 23092024On Friday, I was looking for EURUSD to go lower to 1.1090 for a long opportunity but EURUSD was much sideways; it did go higher, then sold down to new lows but was held and close near the open, unchanged.
Overall, EURUSD is still bullish. I have indicated two potential long opportunities, either from 1.1140 (near Friday's low) or from 1.1094 (buy level from Friday). Upside target is to 1.1200.
EURUSD 22/09/24This week, we continue to expect a bullish Euro to US Dollar movement, similar to last week. The price moved higher and remained above the previous high. Now, our focus is on the daily high and an hourly demand zone that could drive further upside price action. We are also aligning with the institutional trajectory, which points upward. If the price dips to this level and shows bullish signals, we expect a continuation toward the daily high. At this point, we anticipate the price to remain bullish, with a small pullback likely before resuming its upward movement.
Follow what price action is showing you. Remember that these areas are only to be tracked in terms of probability, not in terms of prediction of actual price action.
Stick your plan follow your risk. trade safe.
EURUSD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1118
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1087
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 Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURUSDHello Traders!
What are your thoughts on EURUSD ?
EURUSD has reached a strong resistance level, and it appears that it may not currently have the strength to break through. In this situation, two scenarios—bullish and bearish—are possible:
1. Bullish Scenario: If the resistance level is broken, a buy position can be taken on the pullback.
2. Bearish Scenario: If the resistance holds, a sell position can be entered with a stop above the resistance level.
If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
Golden Outlook: Key Trends to Watch in the Week AheadFrom a technical standpoint, things are straightforward: both the broader market and shorter timeframes reflect a bullish trend. This alone provides a foundation for crafting a solid strategy. Key approaches could involve either capitalizing on false breakouts or bounces from key support levels, or alternatively, riding the momentum when resistance gives way, signaling continuation.
However, it's not all smooth sailing. There are fundamental hurdles on the horizon, notably the upcoming GDP report and a crucial speech from Fed Chair Jerome Powell. These events have the potential to stir up market volatility as traders anticipate potential shifts in economic policy and performance.
Given this backdrop, it's likely that gold will persist in its upward trajectory. Yet, we can't discount the possibility of pullbacks or market shakeouts, especially if traders decide to lock in profits after the recent rally, or as a defensive move ahead of next week's U.S. macroeconomic data and Powell’s remarks.
Recommendation: A. Avoid attempting to predict trend reversals. First, you'll never be able to pinpoint these zones with certainty. Second, by the time you do, your performance may suffer, leading to unnecessary stop-loss hits. Instead, focus on identifying robust levels and trading within the prevailing trend.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
EURO - Price can bounce down from resistance area to $1.1100Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price made upward impulse from $1.1025 level and reached $1.1165 level, after which corrected.
Then price entered to wedge, where it made a fake breakout of $1.1165 level and started to decline to support line of wedge.
Euro reached support line, it bounced up, thereby exiting from wedge, and then rose to $1.1135 points.
Next, price started to trades in another wedge, where it first declined to support area, where it reached support line.
After this, price made a fake breakout of $1.1025 level and in a short time rose to $1.1165 and made a fake breakout again.
Now, price trades very close to this level, and I think EUR can bounce down to $1.1100 from resistance area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
WEEKLY FOREX FORECAST SEPT 23-27 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 23-27th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
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I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
EURUSD LONG 15M TF🚀The Atom Signals Trading View Indicator is a sophisticated tool designed for traders seeking to enhance their market analysis and trading strategies. Developed with the intention of providing clear and actionable signals, this indicator leverages a blend of technical analysis techniques to identify potential entry and exit points in the market. It aims to simplify the decision-making process by offering visual cues and alerts, which can be particularly valuable for both novice and experienced traders.🤖
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EURUSD: Bearish Continuation & Short Signal
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.1160
Stop Loss - 1.1191
Take Profit - 1.1096
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD: Move Up Expected! 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 1.11792
Wish you good luck in trading to you all!
EUR/USD: Waiting for a Decisive MoveThe current chart shows that EUR/USD is hovering around a key area, which could be a turning point for the pair's next trend. With the current price near the 34 EMA and 89 EMA, this is a key support area that if held could provide momentum for a new rally.
The price is currently centered around 1.11839, just below the short-term resistance level, which shows some hesitation on the part of investors, waiting for further signals from the market or economic news that could affect the pair. A breakout above this level could demonstrate the strength of the uptrend and open the way for a higher target at 1.12200.
Meanwhile, the support area with a lower limit is at 1.11000. A drop below this level could lead to a deeper bearish move, with the next target likely being 1.10022.
XAUUSD : Gold Will Fall to $2567 ? (Read The Caption)Upon revisiting the gold chart on the 2-hour timeframe, we can see that last night, after gold surged to $2,600 and reached this key psychological level, it faced selling pressure and dropped to the important $2,550 level. If you recall, in previous analyses, we had mentioned this level as the final target for gold's corrective move. In the previous correction, gold had only managed to drop to $2,560. However, after taking out the liquidity above the previous high of $2,590 with the surge to $2,600, it finally reached this crucial $2,550 level. After hitting this level, gold made a strong recovery and surged back up to $2,595 to fill the liquidity gap caused by the drop. Currently, gold is trading around $2,586, and since it has created a new liquidity gap, I expect further correction from gold. The potential bearish targets for this correction are $2,581, $2,478, and $2,567, in that order. (This analysis will be updated).
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
HelenP. I Euro will enter to resistance zone and then start fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price reached the support zone, which coincided with the support level, and tried to break it, but failed and started to decline. Price declined to the trend line, after which started to move up inside the upward channel, where it at once rebounded from the trend line and rose to the resistance line of the channel, breaking the 1.0920 level. Next, the EUR some time traded near the support level and then made impulse up to the resistance line and even rose higher and some time traded then. Also, the price entered to resistance zone, but at once turned around and quickly backed to the upward channel, where it then fell to the trend line, which is the support line of the channel too. Then price broke this line, thereby exiting from the channel and breaking the trend line, after which continued to move up below this line. Just now, the EUR trades near the resistance level, so, in my mind, I think that EURUSD will enter to resistance zone. Then price can turn around and start to decline, therefore I set my goal at 1.1050 points. If you like my analytics you may support me with your like/comment ❤️