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Eurusdanalysis

💡 EURUSD: May continue to decrease due to economic factors➡️The Eurozone's industrial sector faces challenges due to sluggish demand in key global markets. Recent data indicates a decline in eurozone industrial output, exceeding market expectations. The trade surplus, adjusted for seasonal factors, has narrowed from August levels due to a drop in export output. These developments suggest that the Eurozone's economic outlook remains uncertain, with limited prospects for significant improvement until global trade regains momentum. ➡️Technical analysis of the EUR/USD pair reveals a potential correction scenario. The MACD histogram bar and double line are expanding near the zero axis, while the price is nearing the 48-hour moving average. Given the weak economic data from the Eurozone, further downside for the Euro cannot be discounted.
Short
by Stone_Haven
5
Gains momentum above 1.0950 amid overbought conditionThe FX:EURUSD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. The weaker US dollar and lower US Treasury bond yields lend some support to EUR/USD. Investors will take more cues from the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which could potentially provide insights into the trajectory of future policy rates. According to the four-hour chart, the bullish potential of EUR/USD remains intact as the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA). It’s worth noting that the Relative Strength Index (RSI) holds in bullish territory above 50. However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. That being said, the immediate resistance level for EUR/USD is seen near the upper boundary of the Bollinger Band at 1.0978. The critical upside barrier is located near a psychological round figure and a high of August 11 at 1.1000. Any follow-through buying will see a rally to a high of August 4 at 1.1042, en route to a high of July 27 at 1.1149. On the downside, the 1.0895–1.0900 region acts as an initial support level for the major pair. The mentioned level is the confluence of the psychological mark and a high of November 16. Further south, the next contention level will emerge near the lower limit of the Bollinger Band at 1.0817. A break below the latter will see a drop to the 50-hour EMA at 1.0759, followed by a high of November 9 at 1.0725.
Long
by tradingconmike
EURUSD IdeaFX:EURUSD OANDA:EURUSD No comment! ⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities. ✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
Short
by Arash-RK
💡EURUSD: Predicted November 16➡️ On Wednesday, the EUR/USD experienced a decline following a significant bullish breakout in the preceding session. Despite this pullback, the euro continues to exhibit a positive outlook against the US dollar. The exchange rate has recently established a consistent pattern of higher highs and higher lows, presently trading above crucial moving averages, as depicted in the daily chart. ➡️ To affirm the bullish scenario, it is imperative for the pair to maintain levels above the 200 and 100-day simple moving averages (SMA), situated around 1.0765. If this support remains intact, preventing the intrusion of sellers, there is potential for the price to initiate an upward consolidation. This could pave the way for a movement beyond 1.0900, progressing towards the Fibonacci resistance at 1.0960. Further upward momentum would then shift attention to the subsequent target at 1.1075.
Short
by Stone_Haven
8
The surpass of 1.0900 should expose 1.0945FX:EURUSD adds to Thursday’s small gains and flirts with the key 1.0880 region at the end of the week. The continuation of the upward bias could challenge the immediate up-barrier at 1.0900 ahead of the weekly high of 1.0945 (August 30). Once the latter is cleared, spot could challenge the psychological threshold of 1.1000. So far, while above the significant 200-day SMA, today at 1.0804, the pair’s outlook should remain constructive.
Long
by tradingconmike
💡 EURUSD: Strong increase after many accumulation sessionsFollowing several sessions of accumulation, EURUSD has experienced a robust rebound in the recent session, currently exceeding the targeted price range near the upper boundary of the ascending price channel. Profitable buying positions have been secured, yet the price momentum remains robust, suggesting a potential continuation of the upward trend. Traders may consider selling during price adjustments or buying at pullback levels.
Long
by Stone_Haven
4
EURUSD → Next on the downside appears 1.0640FX:EURUSD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week. If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October 13) ahead of the 2023 bottom of 1.0448 (October 3). In the meantime, while below the 200-day SMA at 1.0800, the pair’s outlook should remain negative.
Short
by tradingconmike
13/NOV/2023 EURUSD ANALYSISThis is a fully detailed top down analysis on eurusd. In the video, I talked about the pair from the weekly timeframe, showing what I expect the price to do over the next week and also explaining how it relates to what I expect the price to do today. I dropped down the daily and 4h timeframes and also explained their relationship and why I expect the price to drop today. Finally, I dropped down to the 1h timeframe and talked about the levels I'm going to be watching out for before I take any trade on the pair. I also talked about what the market could do that will make this analysis become invalid. I bet this video will be of value to you. If you liked this video, please give me a boost. Also follow so that you can get my videos or trade ideas immediately I post them.
by Francisbluepipsfx
EURUSD TOP DOWN ANALYSIS FOR 13/NOV/2023From the daily timeframe, you can see that eurusd is in an upward channel. I will expect to see the channel last for the next few weeks because there's a possibility that the price will touch a weekly resistance zone for a retracement up above. However, the price moves in trends and made a higher high two weeks ago. Throughout last week, the price has been on a retracement move downwards and I expect the retracement to continue even lower than last week's low before the next impulse for the higher high comes. On the 4h timeframe, we have a temporary downward channel which we expect the price to respect all the way down to 1.06500 or even lower within this week before the next move upwards again. On the 1h timeframe, that's where I look for trading levels and from what I can see, the price is trading between 1.07000 and 1.06500. Like I already said, I expect to see the price drop so before I will take any trade, I will expect to see the price rise to the most recent resistance which is the 0.07000 level which will meet with the descending trendline resistance and act as a confluence for a possible move downwards. In a nutshell, I will expect to see the price rise to the 0.07000 level before I start looking for selling opportunities down to last week's lows and ultimately 0.06500. Tune in by 6:30am WAT for a video analysis on the pair.
by Francisbluepipsfx
2
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
14
EURUSD FORECAST 10/NOV/2023This is a detailed analysis on eurusd based off pure price action. In this video, I started my analysis from the daily timeframe and ended it on the 1h timeframe. I talked about the way the market reacted to my analysis of yesterday and how I will react to what the market will do today. I talked about the levels I'm going to be looking out for before taking a trade. If you enjoyed this video and you would love to support me, please just follow and give me a boost, it goes a long way. Thank you very much for watching. See you in the next video.
by Francisbluepipsfx