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Eurusdanalysis

EUR/USD Faces Downward Pressure Amid Strong USD MomentumThe EUR/USD has shown a bearish momentum, backed by both technical and fundamental factors. The currency pair has been on a decline, marked by its positioning below the critical 200-day SMA. SocGen's prediction about the pair possibly reaching parity and HSBC's prediction of USD strengthening further support a bearish sentiment. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Bearish TRADE SIGNAL: SELL 👉ENTRY PRICE: 1.0615 (current price, but would ideally wait for confirmation of a break below this level) ✅TAKE PROFIT: 1.0516 (March low, and then potentially 1.0481 if it breaks the March low) ❌STOP LOSS: 1.0665 (A slight buffer above the current level to give the trade some room) FINAL THOUGHTS: Given the current scenario, a sell trade on the EUR/USD seems favorable. However, like any trade, it's essential to manage risk and keep updated with global economic news that can influence currency movements.
Short
by RichDadph-FX
1
DeGRAM | EURUSD short opportunityEURUSD broke and closed below the psychological level at 1.07000 and an ascending channel, which was essentially a pullback. The market created a structure shelf for shorting opportunities. The resistance and 50% level were tested many times, which shows they are significant. We expect a breakout of the level (which has already happened), a pullback, and then trend continuation. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3
EURUSD Technical Analysis and Trade IdeaIn this video, we conduct a thorough analysis of the EURUSD currency pair. Over recent periods, the EURUSD has faced notable downward pressure, resulting in a substantial move towards a critical support level. Within the video, we examine the potential for a trading opportunity based on our assessment of price dynamics, market conditions, current trends, and a meticulous evaluation of key support and resistance levels. We want to emphasize that the content presented is purely educational in nature and should not be construed as financial advice or guidance.
Short
by fxtraderanthony
Will EURUSD will breakout soon?EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for the last two months. It's roaming in the support ZONE right now. The consolidation band is contracting and might give a break this time. If it breaks to the upside, it can give nice targets of R: R:: 1:3. Reason : RSI moving up from oversold Zone. Moving in Bullish Falling wedge Pattern . Soon, it might give a breakout. Verdict : Soon Breakout Expected. Plan of Action : Buy on Breakout.
by finnova_
6
EU - Weekly Timeframe Analysis Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper towards Sellside. Also compared to GBPUSD's Commitment of Traders report, EURUSD had a significant decrease in large spec long positions. EURGBP should be quite explosive soon.
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by Road_2_Funded
EUR/USD Under Pressure: Could 1.0515 be the Next Floor?The EUR/USD currency pair is under significant downward pressure, hitting a six-month low. The ECB's mixed signals, despite a rate hike, along with strong U.S. economic data, are contributing to the Euro's decline. Analysts forecast potential further depreciation, targeting March's low of 1.0515. However, China's robust economic data could offer some cushion. Resistance for the EUR/USD pair stands at 1.0730. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Bearish TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.0650 ✅TAKE PROFIT: 1.0520 ❌STOP LOSS: 1.0700 ANALYSIS: Given the current bearish sentiment supported by ECB's dovish outlook despite a rate hike, and the strong economic indicators from the U.S., a sell trade seems warranted. The strong resistance level at 1.0730 suggests that the pair is unlikely to break this level in the short term. FINAL THOUGHTS: This sell trade aims to capitalize on the bearish outlook for EUR/USD, reinforced by both technical and fundamental indicators. Strong U.S. economic performance and mixed signals from the ECB suggest a continued downward trend in the short term. However, one should remain cautious due to external factors such as positive Chinese economic data.
Short
by RichDadph-FX
3