Eurusdanalysis
EURUSD BUY NOW EUR/USD stays on the back foot and trades in negative territory below 1.0950 early Friday. Eurozone inflation data and the US jobs report for December, which will inlcude Nonfarm Payrolls and wage inflation figures, will be watched closely by investors.
EURUSD BUY NOW 1.09165
CONFIRM TARGET 1.09973
EURUSD TOWARDS BUYEUR/USD gained traction during the European trading hours on Thursday but struggled to extend its rebound in the second half of the day as rising US Treasury bond yields supported the US Dollar (USD). The pair stays on the back foot and trades in negative territory below 1.0950 as the market focus shifts to December jobs report from the US.
💡 EURUSD: Waiting NFPThe price recovered in the last session from the lower border of the rising price channel, however this move has not created any significant price increase signals, so this is still not a good time for buyers to return. You continue to observe to see if any new signals are created in this 1.09 confluence area.
💡 EURUSD: Forecast New Year The price continued to correct downward after being blocked at the 1.1200 resistance area. It is now approaching the 1.1000 conversion zone. You should pay attention to see if it creates a bullish signal here. If so, you can consider new buying positions following the uptrend. In case the price breaks this level, the next target will be around the lower border of the falling price channel.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has reached a resistance level, and after failing to break this level, it is pulling back to the support level. We expect the price to maintain this level and the price to grow again to the specified resistance level. Good luck.
EURUSD 1D Analysis
As we approach the conclusion of 2023 and transition into 2024, it's noteworthy that EURUSD is currently exhibiting an upward trend, having successfully breached the critical resistance zone around the 1.10447 level. The anticipation is that the price might sustain this positive momentum, with a potential retest of the key zone before continuing the uptrend.
Nevertheless, it's essential to consider the possibility of a price breakdown below the key zone, which could signify a shift from a bullish to a bearish trend.
I encourage you to share your thoughts and projections for EURUSD in 2024. Please feel free to comment below and contribute to the discussion.
💡 EURUSD: Forecast December 27EURUSD increased in price in the last session, the upward momentum was not strong enough to invalidate the doji pattern previously formed on the daily. Although this bearish model has been invalidated, suggesting the possibility that the uptrend will continue, the breakout force is not really strong, you should not buy at this time, need to wait patiently.
USDJPY I Testing monthly lows as traders stay bearishWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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💡 EURUSD: Forecast December 26EURUSD has breached the 1.10 level, but we cannot yet consider this a breakout because selling pressure has also reappeared, shown by a notable Doji pattern on the daily frame. You temporarily stop trading, pay attention to the tops and bottoms of this model. If it breaks to the bottom, it will likely create a peak in the short term, and the reversal traders can consider returning. In case the price breaks the top of the pattern, meaning it has been invalidated and confirmed the breakout, then trend followers can consider entering an order and targeting the upper border of the rising price channel.
EURUSD: Continue with the sell There was only a slight decrease in the last session, so no significant changes have appeared on EURUSD. Currently, we still have short positions according to previous reversal signals around the 1.10 resistance area, please continue. holding the position, the short-term target is still around the lower border of the rising channel, we will only abandon this strategy when the peak of 1.10 is completely broken.
EURUSD → Second Rejection at 1.10! Short to 1.06? Let's Answer.EURUSD was rejected twice at the Resistance Zone and ended last week with a bear bar closing on its low! Should we short here?
How do we trade this? 🤔
Short answer (pun intended!), yes! My analysis from last week showed the price action around 1.078 which is right on the EMA support ribbons. Too far away from resistance to short, too far away from the Support Zone to long. The EMA ribbons themselves are support as we now can see, the price action has bounced off of them back to the Resistance Zone.
Now that we've seen a second rejection, that's our confirmation to short. The first was our signal, second our confirmation and because the bar closed on its low, we have optimal probability to enter a short position here. Target 1:2 Risk/Reward with a protective stop just above the double top at 1.10, then target the 1.06 area to take profits. Look for a bull response at the 1.06 area, a potential long opportunity using the same trade management style as this one. Refer to my analysis from last week for that setup:
Additional Note:
We're trading the Daily chart here, this trading range came after a bull channel which in isolation, should give us a long bias while we're between 1.06 and 1.10. However, zooming out to the Weekly chart shows us we're rejecting price off of the 200EMA. It's reasonable to have a short-term bull bias in this range, but caution should be used in either direction because of that Weekly 200EMA.
💡 Trade Ideas 💡
Short Entry: 1.089
🟥 Stop Loss: $0.955
✅ Take Profit: 1.057
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two Rejections at Resistance Zone, Bias to Short.
2. Second Rejection Bear Bar Closing on its Low. Run Short to 1.06 Area.
3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons.
4. RSI at 55.00 and above Moving Average, Needs to Fall Below.
5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry.
💰 Trading Tip 💰
Probability of profit increases dramatically when you wait for what is called "confirmation" on the chart. This comes after a signal bar closes, indicating the next moves on the chart.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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🗺️EURUSD Roadmap🗺️🏃 EURUSD is moving near the 🔴 Heavy Resistance zone($1.11850-$1.0980) 🔴,the Resistance lines .
🌊According to Elliott wave theory , EURUSD is completing Corrective Waves in the 1-hour time frame.
🌊The structure of correction waves is Zigzag(ABC/5-3-5) type.
🔔I expect EURUSD to start falling to 🎯 Target 🎯, 🟢 Support zone($1.0800-$1.0756) 🟢 and Uptrend line .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
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💡 EURUSD: Forecast December 20EURUSD price action hasn't changed much, we see the price still trading around the daily and weekly resistance zones. Currently there is no signal of price reduction so it is impossible to sell.
For the time being, please continue to monitor this current resistance area. If the price forms a nice sell-down signal or in a low time frame you see the price changing trend, you can also consider it. sellable.
💡 EURUSD: Forecast December 19After falling sharply from the 1.10 resistance area and creating a bearish signal (rail pattern) on the daily, EURUSD had little fluctuation in the past session, with no significant changes. As mentioned, short-term rallies will give bearish bettors more advantageous entry points, you can wait to buy at the resistance zone.