Eurusdanalysis
💡 EURUSD: Forecast January 12EURUSD's price action did not change much, yesterday's price dropped sharply in the European session and turned up in the US session. Basically, the price action of the H4 frame does not have much impact, so our trading strategy remains unchanged. Continue to observe the resistance area around 1.1020. If the price approaches this area and forms a sell signal, you can consider trading.
EURUSD → Short to 1.06? Or Will we Break Resistance to Long?EURUSD was rejected twice at the Resistance Zone and ended last week with another leg up. Should we short here?
How do we trade this? 🤔
We had a decent entry last week, but that ended with a surprise leg up into the Resistance Zone. We now have a sell signal at the top of the zone, but need to wait for a strong bear bar closing on or near its low below the Resistance Zone around the 1.10 area. Stop loss should be placed above the Resistance Zone and set a take profit around 1:2 Risk/Reward at 1.065. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the remainder of your position.
💡 Trade Ideas 💡
Short Entry: 1.09835
🟥 Stop Loss: $1.1150
✅ Take Profit: 1.06500
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Contact with Resistance Zone and Two Bear Bars
2. Look for Follow-Through and a close below Resistance Zone.
3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons.
4. RSI at 60.00 and above Moving Average, Needs to Fall Below.
5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry.
💰 Trading Tip 💰
All trades carry a probability value based on statistical data of the price action. If the market exceeds 60% probability in a direction, it's reasonable to take the trade assuming your Risk/Reward and Probability are positive.
⚠️ 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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EUR/USD has established a support base;will it rise above 1.12?OANDA:EURUSD has shown limited movement since the start of the year, fluctuating within a range approximately between 1.09 and 1.1. Nevertheless, the price action indicates the formation of a potential support base, as observed through the consistent buying of dips and the pair's inclination towards an upward trajectory.
Confirmation of an impending upward movement hinges on a breakthrough above the range's resistance at 1.1. In such a scenario, we could anticipate a surge towards 1.12. My strategy involves seeking buying opportunities during market declines, while considering a shift if the price experiences a daily close below 1.09, negating this optimistic scenario.
💡 EURUSD: Forecast January 8Sellers failed to penetrate the 1.0900 support level, a resistance level that includes an uptrend line. Prices created a notable doji candlestick pattern around this resistance level, hinting at the possibility of a price reversal. may return to the upward trend in price. Buyers can consider taking positions, SL is placed below 1.0900.
💡 EURUSD: Forecast January 9After creating a reversal signal around the lower border of the rising price channel, EURUSD increased slightly in the past session, but this move is still quite weak, not bringing about significant changes. If you follow the trend and have entered a buying position, you can continue to hold. SL placed below the price channel and target is around 1.1200.
Short Position on EURUSD-4HHello Traders !
This is the EURUSD Technical Viewpoint in The Long Term .
Following the most recent corrective move we experienced at the beginning of this month, we see the price rejecting a significant region of supply that is now serving as a resistance level at 0.9980.
We anticipate a further decline as we fell back below the 0.9880 support zone.
Risk Warning : Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has pulled back to the specified support level after failing to break the resistance level. If the price cannot break this support level and stabilize itself above this level, we expect the price to grow again to the specified resistance level. Good luck.
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.