EUR / USD 30mEUR USD 30m idea.
we will be looking to enter this trade after a break of the LH Targeting a 1-3 RR
What do you think ?
Eurusdanalysis
EUR USD TRADE SET UP 1hrEUR USD has formed a Descending Channel retesting the previous 4-hour resistance turning into support.
Now we are waiting for a breakout of the channel and a retest of the 30m LH for entry.
What are you seeing on EUR/USD share your idea.
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target below the daily low, located at 1.07550 for a profit of 20 pips.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the specified key level and if it cannot break this level and this level plays the role of a support level, we expect the price to grow up to around 1.08400. Good luck.
💡 EURUSD: Forecast ADP-Nonfarm EURUSD is approaching the support zone on the daily frame around 1.0755, and you can see that the current price trend is bearish and the current structure on the H4 frame is bearish because the previous bottom is clearly broken.
However, the price action is not moving very well, the price forms quite weak and unclear price pushes as well as pullbacks. More importantly, there is no really strong peak to be seen. Strong latch to hold the price. In market moving conditions like this, as long as the most recent small peak in that price decline is broken, the possibility of the market reversing is quite high or at least forming a deep pullback.
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase.
Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis.
Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
EurUsd could rebound from support zoneAs anticipated, EUR/USD rose and reached the significant 1.1 threshold. Right after testing this resistance level, the pair experienced a sharp decline, plummeting by more than 200 pips within a few days, suggesting the possibility of a market top.
Currently, the pair is trading just above the support level (1.0760-1.0770 zone). In the short term, there's potential for a rebound, leading to a correction of the recent downturn and a rise to the 1.09 zone.
For more conservative traders, this rebound could serve as a selling opportunity, anticipating a breach of the support level and a subsequent decline toward the 1.05 zone.
EURUSD → Falling WedgeWe have a possible Falling Wedge with a target at 1.08900, as long as the price does not break the 1.07700 zone.
💡 EURUSD : Forecast December 5The European Central Bank policymaker and President of the Bank of France said the ECB is not yet ready to consider reducing borrowing costs but will do so after 2024. Slowing inflation has allowed the ECB to clarifying the 2% inflation target from summer 2021, which could herald an adjustment in monetary policy. In addition, dovish comments from the FED pulled the dollar down, partly supporting the view that the Fed has ended its interest rate hike cycle and will shift to an easing stance in 2024.
We can see EUR/USD recovering and the MACD double line and bar chart shrinking below the zero axis on the H4 chart. When the price once fell below the 1.0880 support level, a short-term top emerged as a bear market.
EURUSD → Initial support emerges at 1.0820FX:EURUSD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday.
A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681.
So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900.
If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar.
💡 Trade Idea 💡
Short Entry: 1.09600
🟥 Stop Loss: 1.11450
✅ Take Profit: 1.05900
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Rejection at the Resistance Zone, Reasonable to Short.
3. If Shorting, Watch EMAs for Support.
4. Look for a pullback to resistance before the price falls.
5. RSI at 57.00 below Moving Average, Bias to Short.
⚠️ 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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my expectation of entries in eurusd for tomorrowFor me the EURUSD has risen quite a bit, what it should do is go down to take more liquidity, don't forget it is a matter of probability
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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 indicated key level. If the price cannot break this level and stabilize above this level, we expect the upward trend to be maintained and the price to grow to around 1.10500. Good luck.
EURUSD possible long for 1.990Daily demand zone for long 1.0728-1.0665, stop loss: 1.0640, target: 1.0990.
EURUSD longWe have a long opportunity looking for the target at 1.09260, as long as the price does not break the 1.08800 level.
With the expected news for today and the volatility that they may generate, a break of the 1.08800 level would give us the signal to enter the market with a short position, looking for the 1.08500 target level.
#EURUSDAccording to the previous analysis, the EURUSD currency pair has started to correct around the resistance zone, which after a complete cycle can continue the trend in the specified support zone to retest the previous ceiling. But to confirm the continuation of the process, you have to wait for a double floor, one floor higher to continue the path. In the open time, this continuation of the movement path can be continued up to the range of 1.14.
EURUSD → Immediately to the upside comes 1.1000FX:EURUSD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.
The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.
Dollar Weakness Equals EURUSD strengthHey friends, the dollar made a new low and the Euro is on the go up to the upside. Let's see if it can keep this strength.
If not and price pulls back on EURUSD a good buying price would be above 1.08525 as long as price doesn't close below it.
Let me know if you're following the dollar EURUSD.
Many blessings.
Shaquan
💡 EURUSD: Will it maintain its position?➡️ Currency traders observed the Euro maintaining its bullish position against the US Dollar today, persistently aiming for the 1.1000 mark and finding support at 1.0900. However, the Euro faced a decline against the British Pound, reaching a two-week low.
➡️ Changes in investor sentiment can be attributed to evolving expectations regarding the monetary policy of the European Central Bank. The anticipated ECB rate cut, initially projected for April, has been pushed back to June, with the expected cut now scaled down to 83 basis points.
While the forex markets showed relative stability last week, upcoming inflation data from both the Eurozone and the United States in the following week is anticipated to play a pivotal role in determining the trajectory of currency movements. Traders are advised to closely track these reports for insights into potential future central bank actions and their likely impact on currency valuations.
EURUSD → Next on the upside comes 1.1000FX:EURUSD climbs for the third session in a row and revisits the 1.0960 zone, or monthly highs, on Monday.
The continuation of the upward bias could see the psychological threshold of 1.1000 revisited ahead of the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, today at 1.0810, the pair’s outlook should remain constructive.
EURUSD → Drop to 1.05? or Blast to 1.10? Lets Make it Clear.EURUSD is pushing toward the resistance zone which gives the bulls some tingly senses to take profit and run the price back to the downside. Will the Dollar show strength this week and keep EURUSD from breaking resistance?
How do we trade this?
The price is currently in a trading range between 1.05000 and 1.10000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.05000. The RSI is near 70.00, a weak indicator on its own, but supports the rest of the analysis for a soon-to-come short.
If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.12500.
Key Takeaways
1. Trading Range after Bull Run, Bias to Long.
2. Near the Resistance Zone, Look for a Reversal Signal.
3. If Shorting, Watch the 200EMA for Support.
4. The Dollar Index may fall more, wait for the bottom.
5. RSI near 70.00, Bias to Short.
You are solely responsible for your trades, trade at your own risk!
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💡 EURUSD: Unpredictable➡️ EURUSD recently approached the support zone near 1.0890 and experienced a rebound. However, there are currently no clear buy signals.
➡️ On the shorter timeframes, the upward trend hasn't materialized yet, making it challenging for us to initiate buy positions. Therefore, it's prudent to adopt a cautious approach and observe further price action. The likelihood of the market continuing its downward trajectory remains significant. For those engaged in short-term trading, selling could be considered around the resistance area near 1.0925.
It's essential to pay close attention to price movements. If the price convincingly surpasses the mentioned zone with strong momentum and fails to generate any sell signals, it would be wise to stay on the sidelines.
