DeGRAM | EURUSD bearish takeover from resistanceEURUSD is in a descending channel.
The price is moving from the resistance level and the upper boundary of the channel.
The chart has formed a bearish takeover from the resistance level.
We expect the decline to continue.
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EURUSD
EURO - Price can correct to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to flat, where it some time traded between $1.0460 level and top part of flat.
Later, when price reached top part of flat again, it turned around and started to decline, and soon broke $1.0460 level.
Price exited from flat and continued to decline in falling channel, where it some time traded near resistance area first.
Next, Euro dropped to support level, after which at once bounced up to resistance line of channel and then fell back.
Also, price fell to support line of channel, but soon backed up and now trades close to $1.0260 level.
In my mind, Euro can fall to support area and then bounce up to $1.0380 support line of falling channel.
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EUR/USD Very Near Buying Area , Don`t Miss This Chance !Here we have a very good new up trend line on 4H Time Frame , and the price touch it 2 times , and now we are waiting For third touch and it will be the best one , so i`m waiting for the price to touch it and give me a good bullish price action and then we can enter a buy trade .
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
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EURUSD Will Move Lower! Sell!
Take a look at our analysis for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.035.
The above observations make me that the market will inevitably achieve 1.017 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Levels discussed on 20th Jan 2025 Livestream20th January 2025
DXY: Currently below 109.40, break above, could trade up to 110 (previous swing high), beyond that, strong resistance at 111
NZDUSD: Sell 0.5575 SL 25 TP 60
AUDUSD: Sell 0.6170 SL 15 TP 40
GBPUSD: Sell 1.2150 SL 15 TP 40
EURUSD: Sell 1.0310 SL 30 TP 110
USDJPY: Buy 156.70 SL 40 TP 120
EURJPY: Sell 161.10 SL 40 TP 120
GBPJPY: Looking for reaction at 191.15
USDCHF: Choppy between 0.91 and 0.9150
USDCAD: Buy 1.4480 SL 30 TP 60
XAUUSD: Needs to stay above 2694 (trendline) to trade up to 2722 resistance
EURUSD 21 Jan 2025 - Intraday Analysis - German ZEWThis is my Intraday analysis on EURUSD for 21 Jan 2025 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment 4H Chart Analysis15m Chart Analysis
Market Sentiment
Dovish ECB Policy Expectations: Traders are anticipating a 25 basis point rate cut at each of the next four ECB policy meetings.
Economic Concerns: Subdued inflationary pressures and concerns over the Eurozone's economic outlook.
US Dollar Strength: Dollar appreciates following news that President Trump intends to review tariff policies.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Pullback Phase (Pro Swing + Counter INT)
🔹At Swing Premium (reached extreme)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that failed yesterday with price creating a bullish INT Structure.
3️⃣
🔹As price reached the Bearish Swing Extreme, if we are going to continue bearish, this is the area that I prefer to be short from. Also note that after the Bullish iBOS, there will be a pullback required.
🔹Expectations is set to Bearish with more development on LTF to confirm.
15m Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bullish
🔹Swing Pullback Phase (Pro Swing + Counter INT)
🔹At Swing Premium (reached extreme)
2️⃣
🔹Price finally broken the range from Jan 16 and reached the bearish Swing Extreme forming Bullish INT Structure.
🔹There is probability that Swing High may be broken based on the Daily/Weekly requirements for pullback and the current market sentiment (Risk Off) as of US Tariffs announcement from Trump yesterday.
3️⃣
🔹My technical expectations is set to Bearish and looking for Shorts but I need to see a bearish iBOS before any executions.
Fundamental Market Analysis for January 21, 2025 EURUSDThe Euro-Dollar pair remains in negative territory after cutting its recent losses, trading around 1.03800 during Asian hours on Tuesday. The Euro (EUR) remains under pressure amid prevailing expectations for the European Central Bank (ECB). Markets expect a 25 basis points (bps) rate cut at each of the ECB's next four meetings, driven by concerns over the eurozone's economic outlook and the belief that inflationary pressures will remain subdued.
The U.S. Dollar Index (DXY), which tracks the performance of the U.S. dollar against six major currencies, rose to 108.30 at the time of writing. The US Dollar recovered from recent losses in the previous session, helped by news that President Donald Trump intends to direct federal agencies to review tariff policy and assess the United States' trade relations with Canada, Mexico and China.
However, the dollar faced headwinds after Bloomberg reported that President Donald Trump will not immediately announce new tariffs after his inauguration on Monday. The U.S. Federal Reserve (Fed) is expected to keep the benchmark overnight rate in a range of 4.25 percent to 4.50 percent at its January meeting. However, investors believe that Trump's policies could lead to rising inflationary pressures, which could limit the Fed to another rate cut.
Trading recommendation: Watch the level of 1.04000, if consolidated above consider Buy positions, if rebounded consider Sell positions.
EURUSD H4 | Bullish Bounce OffBased on the H4 chart, price is falling toward the buy entry at 1.03444, which aligns with the 50.0% Fibonacci retracement. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.04365, which aligns with the 100% Fibo projection, targeting a key resistance level and marking a logical exit point for the trade.
The stop loss is set at 1.02638, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
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EURUSD SHORT IDEAHello, this is my first published idea as a beginner trader, please feel free of leaving your opinions and/or ideas here, I would heavily appreciate any feedback.
As seen on my chart, I expect a bearish reversal when price hits somewhere around 1.04361, the reason for this would be that during this month of January this has been the highest point twice, refusing to go higher. I've set my first TP on 1.03702 as I would like to secure partial profit, in case that my analysis is correct, and with the second TP where the bullish momentum of today january 20th started (1.03185).
Please let me know your thoughts/feedback on this, as I would like to hear what more experienced people see in the market. Thank you!
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.0454
1st Support: 1.0348
1st Resistance: 1.0536
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USD/JPY Under Pressure: Yen Strengthens Amid Bearish MomentumThe USD/JPY pair exhibits a clear bearish inclination, driven by a combination of economic and market factors that are strengthening the Japanese Yen and weakening the US Dollar. Currently, the pair has dropped to approximately 155.60, recording a 0.44% loss for the day, with sellers evidently attempting to push the price further toward critical support levels between 154.90 and 153.15. The downward pressure is amplified by rising expectations of a rate hike by the Bank of Japan, further supported by recent positive data such as improvements in Japan’s core machinery orders, signaling a recovery in capital expenditure. Simultaneously, uncertainty surrounding the economic policies of the Trump administration contributes to a negative climate for the US Dollar, which is already under pressure from a recent slowdown in buying flows.
From a technical perspective, the pair has encountered significant resistance in the 156.55-156.60 region, a level that halted previous recovery attempts and now acts as a key barrier. For a meaningful trend reversal, a sustained breakout above this resistance, followed by consolidation above 157.00, would be necessary to pave the way toward recent highs at 158.00 or even 158.85. However, the likelihood of a downward breakout seems more tangible, considering that the support at 155.25 represents the last defense before a drop toward the psychological level of 155.00 and further toward 154.60 and 153.30.
The current market environment, characterized by reduced trading volumes due to Martin Luther King Jr. Day in the US, suggests caution for traders, as dynamics could quickly shift with the return of liquidity and the announcement of potential monetary or political decisions in both Japan and the US. The combination of positive economic data for Japan and expectations of higher rates positions the Yen in a place of strength, while the Dollar may continue to struggle without a clear positive catalyst. Holding below 155.00 would be a significant signal for bears, indicating an extended downward trajectory toward deeper support levels.
Bearish drop?EUR/USD has reacted off the resistance level that is a pullback resistance that is slightly below the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.0426
Why we like it:
There is a pullback resistance level that is slightly below the 100% Fibonacci projection.
Stop loss: 1.0467
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0343
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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