EURUSD H1 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1112, which is a pullback resistance and a 38.2% Fibonacci retracement.
Our take profit will be at 1.1062, a pullback support level close to 61.8% Fibo retracement.
The stop loss will be at 1.1157, a pullback resistance level.
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Eurusd-4
#EURUSD - 19092024Yesterday, I was somewhat bullish DXY, saying that DXY should see further upside, and thus EURUSD could come down first, with DXY hitting 101.2 level before it pullback (and EURUSD to go up). But instead, market just range before FOMC, with the OP holding the lows and with FOMC rate cut, EURUSD rallied initially (not surprising) but market reacted differently and we got the sell in EURUSD and further selling now that Asia is open.
The point I am trying to make though is that, the DXY candle on Tuesday seem to indicate further upside but market was reacting differently throughout the day, but in the end it got a pin bar candle on daily and further upside for DXY. Thus, the daily candle does give clues.
Anyway given the huge down move currently, what is next for EURUSD? If we had based off the daily candle on close, I would have been bearish (especially with the bullish DXY daily candle) but now that the down move has happened (and missed), it would be tricky to know the next move, whether market will pull back from here or continue further down. And overall, EURUSD is not bearish on weekly basis.
But IMO, for now, based on current move, I would be cautiously bearish to catch the possible next move down on a pullback. And if I could have a reference, it would for DXY to go to 101.8, and for EURUSD itself, a possible move down to 1.1016.
Falling towards 61.8% Fibonacci support?The price is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which is also an overlap resistance.
Pivot: 1.1073
1st Support: 1.1019
1st Resistance: 1.1150
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Why the US dollar bear should tread with careThe USD saw a sharp reversal higher despite a 50bp cut, simply because the markets were positioned for a more dovish dot plot. I have argued in prior analysis the USD exposure is a bit stretched over the near-term, so perhaps shorting the USD is getting a bit stale. We also have several key markets at inflection points after a risk event. Matt Simpson takes a technical look.
WEEKLY FOREX FORECAST SEPT 16-20 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 16-20th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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EURUSD → 1.11250 This WeekThe key level this week is in the 1.11250 - 1.11500 zone.
A fall in the euro to the minimum price of last Friday would give us the opportunity to re-enter the market in the buying zone that I specified in the chart.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → We have to waitDuring yesterday's session, the euro hit the key weekly level at 1.11250
The price movement today will be crucial, as tomorrow's interest rate decision is due and high volatility is expected. We have to keep in mind that the 1.11500 level has not yet been touched.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → The target is 1.11500The euro continued to fall yesterday until it reached the buying zone a few hours ago in the asian session.
Today we have to be alert for new weekly lows, and thus take advantage of entering the market with new buy orders, looking for the weekly target at the level of 1.11500
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → Bullish PressureThe euro fell back into the buy zone yesterday after the CPI data came in line with expectations.
In the following hours we had strong bullish pressure and the euro failed to touch the 1.10000 level. Today we have the ECB interest rate decision, and we expect volatility and an upward movement in price.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD: Move Down Expected! Sell!
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 downside. So we are locally bearish biased and the target for the short trade is 1.11037
Wish you good luck in trading to you all!
Sell EURUSD Channel Breakout (FOMC) The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1117, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1076
2nd Support – 1.1051
Stop-Loss: To manage risk, place a stop-loss order above 1.1152. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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EURUSD Technical Analysis! SELL!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.1114 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1076
Safe Stop Loss - 1.1139
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
XAU/USD : Will Gold Fall More ? (READ THE CAPTION)As observed, gold fluctuated within the supply zone of $2579 to $2589 yesterday and finally managed to close and stabilize below $2579. Afterward, gold experienced an 80-pip decline, correcting down to $2572, and is currently trading around $2574. If the price stabilizes below $2577, we can expect further declines in gold, with potential targets at $2571, $2565, and $2555, respectively. (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
EURO - Price can bounce up from wedge, exiting from itHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow.
In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level.
EUR exited from channel and started to trades inside wedge, where it broke $1.1050 level and fell to support line.
Next, price made upward impulse, thereby breaking this level again and later EUR broke $1.1120 level too.
Now, price trades near support area, and in my mind, it can fall to this area and then bounce up.
After this, price will exit from wedge and continue to move up to $1.1180
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Euro can reach resistance level and then rebound down to 1.1080Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to downward wedge, where it at once rebounded from the resistance line, which is located in the seller zone, and started to decline. In a short time price fell to the support line of the wedge, and then tried to grow, but failed and continued to decline to the buyer zone. In the buyer zone, EUR reached the support line of the wedge and at once rebounded up, thereby exiting from the wedge and breaking also 1.1035 level. Then price continued to grow until it reached the 1.1135 resistance level, which it even tried to break but failed and made correction to the support level, and even lower. Later EUR entered to another wedge, where it fell firstly to the support line and then started to grow. In an upward wedge, the Euro rose almost to a resistance level, thereby breaking the 1.1035 level. At the moment, I think that the price reach a resistance level and then rebound down, thereby exiting from the wedge. Also then, the Euro will continue to decline, therefore I set my TP at 1.1080 points. Please share this idea with your friends and click Boost 🚀
Market Analysis: EUR/USD StrengthensMarket Analysis: EUR/USD Strengthens
EUR/USD started a fresh increase above the 1.1050 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro surged after it broke the 1.1050 resistance against the US Dollar.
- There is a connecting bullish trend line forming with support near 1.1125 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1000 zone. The Euro cleared the 1.1050 resistance to move into a bullish zone against the US Dollar, as mentioned in the last analysis.
The bulls pushed the pair above the 50-hour simple moving average and 1.1100. Finally, the pair tested the 1.1145 resistance. A high was formed near 1.1146 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward wave from the 1.1001 swing low to the 1.1146 high.
Immediate support on the downside is near a connecting bullish trend line at 1.1125. The next major support is the 1.1110 level. A downside break below the 1.1110 support could send the pair toward the 1.1075 level.
The 50% Fib retracement level of the upward wave from the 1.1001 swing low to the 1.1146 high is also at 1.1075. Any more losses might send the pair into a bearish zone toward 1.1050.
Immediate resistance on the EUR/USD chart is near the 1.1145 zone. The first major resistance is near the 1.1165 level. An upside break above the 1.1165 level might send the pair toward the 1.1200 resistance.
The next major resistance is near the 1.1250 level. Any more gains might open the doors for a move toward the 1.1285 level.
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