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Eurusd1hr

Eurusd H1 EUR/USD failed to extend gains and is back under selling pressure in the American session. United States inflation and employment-related figures kept the Fed on the 25 bps rate cut path. The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 30, suggesting that the pair is about to turn technically oversold. On the upside, immediate resistance is located at 1.0950 (static level, Fibonacci 61.8% retracement of the latest uptrend). In case EUR/USD stabilizes above this level and confirms it as support, it could edge higher toward 1.1000 (Fibonacci 50% retracement) and 1.1050 (Fibonacci 38.2% retracement). Confirm
Short
by JohnHarry_7
1
7 Dimension Buy Trade Setup for EURUSD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bullish with inducement done. Corrective swing move reaches the extreme POIs, also gives a pullback at the demand level, forming a bullish internal structure. Mitigated all POIs including extreme OB, FVG, and liquidity sweep area inside the structure in the discounted zone. Swing support demand zone plays a significant role at this point and this zone also acts as a change in polarity zone. 2: Pattern 🟢 CHART PATTERNS: Reversal: Double bottom chart patterns also indicate a reversal. 🟢 CANDLE PATTERNS: Momentum: Many bullish and bearish big candles show huge activity in this area, indicating execution momentum is on the sell side and building momentum on the buy side, but buyers look strong. Narrow range 4 pattern possibly formed and a tower bottom is also fully formed, indicating a buy-side reversal. 3: Volume 🟢 Fixed Range: According to this, many bulls are active in this area and have very good buy pressure. 4: Momentum RSI 🟢 With 2 bullish divergences in the bearish range indicating a momentum shift from bearish to sideways range shift. 5: Volatility Bollinger Bands 🟢 After corrective volatility expansion, now volatility is going to cool down and might be for one day, price can consolidate in this range and then start another impulsive move on the bull side with a possible upper band squeeze breakout walking on the band because right at this level we also see a W Bollinger band pattern and lower band puncher. 6: Strength: EUR is strong. 7: Sentiment: All indicators point to buy sentiments. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: CHOCH in M5 and also mitigated all the POIs in entry time frames ☑️ M5 Trend Line Broke 💡 Decision: Buy 🚀 Entry: 1.08845 ✋ Stop Loss: 1.08753 🎯 Take Profit: 1.09232 😊 Risk to Reward Ratio: 4.24 RR 🕛 Expected Duration: 2 Days Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology.
Long
by Optimum369
Euro Slumps on Populist Surge: A Trader's Guide to Uncertainty The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll results paint a picture of a fractured Europe, with anxieties swirling about the future unity and stability of the European Union. Investors, understandably jittery, have reacted swiftly by pulling back on euro-denominated assets. This has resulted in a sharp decline in the euro's value against other major currencies. The coming days and weeks are likely to be marked by continued volatility in the eurozone, creating a complex environment for traders to navigate. Adaptability is paramount in this climate. With the potential for further political escalation, the euro's depreciation could accelerate. In such a scenario, shorting the euro – essentially betting on its decline – could be a viable strategy. However, this is a tactic that requires meticulous planning and precise timing. Traders must carefully weigh the risks involved against the profit potential. To make informed decisions, staying abreast of developments is crucial. Closely monitoring the political climate and key economic indicators that could influence the euro is essential. Real-time news updates, expert analysis, and access to reliable data sources are your weapons of choice in these turbulent waters. Additionally, implementing robust risk management techniques will be your safety net, protecting your investments from unforeseen market swings. The current situation presents a unique opportunity for astute traders. By evaluating existing positions, considering the potential benefits of shorting the euro, and formulating a well-defined strategy, you can transform these challenges into opportunities. While the path ahead may be unclear, adopting the right approach can empower you to thrive in this volatile market. By following these steps and leveraging our resources, you can transform uncertainty into an advantage and emerge from this market turbulence a winner.
Short
by bryandowningqln
EURUSD - in strong downtrendEURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line. In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.
Short
by TheLeader_WOLF
EURUSD Profit Opportunity with the Crab Harmonic PatternEURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis. Key Levels and Fibonacci Retracement: Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance. Additionally, Point D aligns closely with the 0.618 Fibonacci retracement level, strengthening the case for a potential reversal. Trade Setup: Based on the analysis, we recommend initiating a short position upon confirmation of bearish momentum at the identified entry point of 1.06626. This entry aligns strategically with the projected reversal from Point D of the Crab Pattern. Risk Management: To mitigate potential losses, a stop loss is advised at 1.06913. This level provides a reasonable buffer to withstand potential market fluctuations while preserving capital in case of adverse price movements. Profit Targets: We propose three profit targets to capitalize on the anticipated bearish momentum: Take Profit 1 (TP-1): 1.06344 Take Profit 2 (TP-2): 1.06048 Take Profit 3 (TP-3): 1.05760 Conclusion: In conclusion, the analysis suggests a compelling trading opportunity based on the formation of a Crab Harmonic Pattern and key technical levels. However, it is essential to exercise prudent risk management and closely monitor price action for timely adjustments to the trade plan. This technical analysis report serves as a guide for informed decision-making in the dynamic forex market environment. Disclaimer: Trading forex involves inherent risks, and past performance is not indicative of future results. Traders should conduct their own research and seek professional advice before executing any trades.
Short
by trading_jupiter
EUR/USD Analysis Indicates Bearish Pressure Amidst Quiet Market The analysis on EUR/USD reveals strong bearish pressure, pushing the cross to its lowest level since mid-February, dipping below the 1.0751 mark. The daily chart shows EUR/USD confined within a 20-pip range below the 1.0804 level, corresponding to the 61.8% Fibonacci retracement of the previous rally from 1.0695 to 1.0982. On the 4-hour chart, the 20-period SMA is moving downwards above the current level and below longer moving averages, further confirming the bearish trend. The current session lacks significant events, with EUR/USD oscillating around the 1.0780 level due to Easter holidays, resulting in calm Asian and European markets. In Asia, the Japanese Nikkei 225 declined due to a negative business sentiment report, while Chinese stocks rose following better-than-expected economic data. Overall, I anticipate a bounce to the 1.088 level, where trendline crosses may occur, leading to a decline towards the 1.07 zone. Best wishes and happy trading to all.
by MIA_MASTER
Euro (EUR) Price Surge: Factors Driving the IncreaseBollinger Bands Reverting to Test the Center Range.RSI and MACD Analysis: Utilizing Technical Indicators for Buy and Sell Signals in Gold Trading" "When RSI touches the overbought zone and signals a sell, MACD quickly follows suit with a downward crossover, also indicating a sell. Subsequently, the price experiences a sharp decline. Next, RSI moves down to the oversold zone and signals a buy, followed by MACD crossing upwards, signaling a buy. The price then rebounds, confirming the signals. It's noteworthy that RSI provides signals before MACD. This is simply due to the differences in the formulas of the technical indicators, resulting in some indicators providing signals slightly earlier than others. Of course, there are many other indicators that haven't been covered in this lesson, and you can explore them further. Every trader strives to find the best combination of technical indicators to provide the most accurate trading signals, but the reality is that it's challenging. You should thoroughly study each indicator's strengths and weaknesses to effectively combine them according to your trading style.
by MIA_MASTER
EURUSD Downtrend Continues Amidst Bearish MomentumThe downtrend in EURUSD persisted last week, with strong resistance at the 1.080 level failing to propel the Euro higher. Currently trading at 1.073, marking a 0.11% decrease for the day, EURUSD exhibits signs of a forming pattern, as indicated on the 1D chart. In a downtrend, the 1.080 resistance level may react similarly. Theoretically, unless EUR maintains solid upward momentum above 1.070, we may witness significant downward pressure as bearish sentiment prevails. In the context of a strengthening US dollar, this corresponds to a downward reaction from the Euro. However, given the volatile nature of today's news, contradictory reactions are possible, creating perplexing responses, provided it fails to sustain the mentioned support level, triggering substantial downward pressure. In the short term, I anticipate price testing previously breached resistance, though it may not hold for long upon approach. Evidence suggests that upon touching resistance, downward movement persists, indicated by the unchanging EMA line.
by LuxeFX_Trading
2
Analyzing EUR Trends: Strategies for Trading SuccessIn the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news here is that we don't need to worry about where prices will go. We just need to know that they will go somewhere and be prepared with a trading plan. We can place sell stop orders below the support and buy stop orders above the upper side of the triangle.
by Midas_Calista
2
Euro (EUR) Analysis: Insights into Price Movements and TrendsOne of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead of "will" when discussing reversals. As you may already know, technical analysis is not an exact science, meaning nothing is certain... especially in the forex market.
by Midas_Calista
2
EUR Market Analysis: Expert InsightsAmidst the evolving global economic landscape, the Euro (EUR) remains a focal point for investors seeking clarity and direction. Recent developments have underscored both challenges and opportunities within the EUR market. Key factors influencing the EUR's performance include economic data releases, central bank policies, and geopolitical events. The EUR's resilience against external pressures, coupled with the European Central Bank's proactive measures, has positioned it as a significant player in the currency markets. While uncertainties persist, strategic analysis and prudent risk management are essential for navigating EUR fluctuations. By staying informed and adaptable, investors can harness the potential of the EUR market for diversified and resilient portfolios. As we navigate through dynamic market conditions, staying attuned to emerging trends and leveraging expert analysis will be pivotal in maximizing opportunities and mitigating risks in the EUR market.
by CaterinaGoldTrading
EUR Rises in Value: Factors Driving the IncreaseWhat you've just observed is the basics of bouncing back from the Bollinger Bands. The reason for this bounce is because these bands act as dynamic support and resistance. The larger the time frame you use, the stronger the support and resistance from the bands. Many traders have developed trading systems based on this factor. This trading system works best when the market is trendless and moving sideways.From the chart above, you can see that when the fast line crosses down below the slow line, it has helped identify a new downtrend. Note that when this crossover occurs, the histogram part has not yet appeared. This is because right at the crossover point, the difference between the fast line and the slow line is 0, so there is no histogram.
by LuxeFX_Trading
Deciphering the Euro's TrajectoryIn the intricate web of global currencies, the Euro stands as a pivotal player, navigating the currents of economic fluctuations and geopolitical shifts. As we delve into the realm of currency analysis, let us unravel the complexities shaping the Euro's journey. At present, the Euro finds itself at a crossroads, buffeted by a myriad of factors. Economic data releases, central bank policies, and political developments all converge to influence its trajectory. In recent months, the Euro has exhibited resilience amidst headwinds, showcasing its inherent stability. However, beneath the surface lies a tapestry of intricacies, each thread contributing to the fabric of its movement. Central to the Euro's narrative is the European Central Bank's monetary policy stance. With inflationary pressures and growth forecasts in focus, the ECB's decisions hold sway over the Euro's valuation. Geopolitical events further add layers of complexity. From Brexit negotiations to transatlantic trade tensions, external factors play a pivotal role in shaping market sentiment towards the Euro. As we peer into the horizon, questions abound. Will the Euro continue its upward trajectory, buoyed by signs of economic recovery? Or shall we witness a recalibration, as uncertainties loom large on the horizon? In this ever-evolving landscape, one thing remains certain: the Euro's journey is a reflection of the intricate interplay between economic fundamentals, policy decisions, and global dynamics. As financial analysts, it is our task to decipher these nuances and glean insights into the Euro's future path.
by LuxeFX_Trading
Unraveling the Euro: Insights from a Financial AnalystIn the realm of global finance, the Euro stands as a cornerstone of the international monetary system, influencing economies and markets worldwide. As a seasoned financial analyst, delving into the intricacies of the Euro unveils a narrative rich in complexity, resilience, and economic significance. The Euro's Economic Landscape: The Euro represents the common currency of the Eurozone, a monetary union comprising 19 of the 27 European Union member states. Its establishment in 1999 marked a significant milestone in European integration, fostering cross-border trade, investment, and economic cooperation. Navigating Economic Policies: The Eurozone's unique structure entails navigating diverse economic policies among member states, each facing distinct challenges and priorities. Fiscal discipline, monetary policy coordination, and structural reforms play pivotal roles in maintaining stability and fostering economic growth within the Eurozone. Economic Performance and Market Dynamics: The Euro's value fluctuates in response to a myriad of factors, including macroeconomic data, geopolitical developments, and market sentiment. Moreover, the Euro's performance against other major currencies, such as the US dollar, reflects broader trends in global financial markets. Implications for Investors: For investors, understanding the dynamics of the Euro is crucial for making informed decisions within international portfolios. Currency fluctuations can impact the returns of investments denominated in Euros, necessitating risk management strategies to mitigate exchange rate risk. Challenges and Opportunities: The Euro faces both challenges and opportunities as it navigates the evolving landscape of global finance. Structural reforms, fiscal consolidation, and institutional reforms are essential for ensuring the Eurozone's long-term stability and competitiveness on the global stage. In conclusion, the Euro represents a complex and dynamic entity within the global financial system. As a financial analyst, unraveling the intricacies of the Euro unveils a narrative shaped by economic policies, market dynamics, and geopolitical forces, underscoring its significance as a driver of European and global economic prosperity.
by LuxeFX_Trading
2