DeGRAM | EURUSD short from kill zoneEURUSD is moving in a descending channel. It bounced off the support, following the bullish divergence.
The market is in a bearish trend, so there is a kill zone where we have a fibo cluster and round number 1.09100.
On the daily timeframe, we have doji bars indicating indecision or consolidation.
We expect a rebound from the kill zone.
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Eurusdanalysis
EURUSD Technical Analysis and Trade IdeaThis video provides a quick analysis of the EURUSD. The currency pair has been experiencing a notable downward trend marked by considerable momentum. Throughout the video, we discuss the trend, support and resistance levels, price action, market structure, and a potential trade opportunity. It's important to emphasize that this content is strictly intended for educational purposes and should not be interpreted as financial advice.
EURUSD 4H SHORTSAs per my previous post I am currently bearish on EURUSD, at least on the 4H. Price delivered nicely to the previous target and it now seems to be retracing. I have highlighted 2 areas of interest where I expect price could bounce off and continue its bearish push. The plan is to wait for price to tap into those zones and then switch to a lower timeframe to look for entries. Keep in mind price could just as well move much higher and I would easily switch my sentiment if price breaks above the higher zone.
EU - Weekly Timeframe Analysis (ICT)Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there.
The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG.
Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
EU - Monthly Timeframe Analysis (ICT)Last month we saw a sharp rejection after taking out a monthly high and monthly open. Currently no body has closed below the monthly FVG/Sibi.
I would be interested to see if price is drawn to take out the previous month's low, and if so, how does it react afterwards. If it takes out the second monthly lows, then the monthly FVG/Sibi would be a nice objective.
Price seems to be delivered efficiently at the monthly -OB, so I would be curious to see if price will be drawn back up there for a higher target.
Overall, no solid bias on my side.
DeGRAM | EURUSD short term pullback in consolidation zoneEURUSD is trading in the consolidation zone.
The market made an extension up, which creates a bearish harmonic pattern.
The price dropped from this level, and we might see another pullback since price action is in the consolidation zone.
We expect a bearish move: short-term pullback.
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EURUSD Analysis - Potential LongThis is a potential long setup on EURUSD.
I do believe we are gonna start seeking higher prices either CPI today, or PPI tomorrow.
The only other alternative is a drive lower to hunt for liquidity, push the bearish sentiment to the masses, and then crawl back up whilst taking out anyone looking for an opportunity to get in short. Both are valid ideas. Only thing I am confident about is that we will be heading up sooner or later, and this isn't the end of the road.
This setup is based on price not breaking the current low. I used GBPUSD as confluence. The POI is an Orderblock on multiple timeframes. That is the only clear area I can see for a possible retracement, faking a bearish move and heading higher very... VERY... rapidly. Time and price will offer more clues.
Best bet is wait for the high impact news to show the true colours of the market, then get in from there. Other than that, it would be a gamble.
R2F
EURUSD Analysis. plan for next week.Hello Everyone. I want share my idea about EURUSD pair.
After pretty bullish movement we have clear bearish movement. Friday we had some pretty bullish movement then it touch to trendline and got strong rejection, but it stopped at the support which is at 1.10.
In my opinions this pair is still bullish, if we look at DXY index we will see some interesting movements, next week will be crazy for US Dollar we have some big news which will show us real movement of dollar. I am still looking to dollar bearish because on high timeframe its going to show us new high which will be the best entry for all pairs for long, for this pair will be great opportunity for open our long position.
I think this little bearish movement will continue it will go into high volume area and from here we will see another big move.
Why i think that, on US Dollar index is bearish which i think in this month will retest big support zone at 98.000, for that all pair of dollar will retest their strong resistances.
Here is my 3 simple price movement of this pair.
Bullish 1/1 - price has huge reaction from little support LVL at 1.10 brake daily bearish trendline and going up.
Bullish 1/2 - price brake support at 1.10 coming into high volume area and from here starting strong move upside.
Bearish 2 - price movement downside is strong it coming into high volume area, brake daily support and weekly trendline, then retest it and with huge move its coming down.
Be Patient!!! Make your chart simple!!!
EUR/USD Market Dynamics: Comprehensive Analysis for Sept. 2023The EUR/USD market analysis reveals a complex landscape in September. Concerns over the Euro's weakness are raised by prominent institutions, while key support levels hold. The contrast between the US and the Eurozone's economic situations and concerns over inflation drive market sentiment. Scotiabank's analysis indicates potential gains above 1.10, but the market faces near-term uncertainties. Traders are eyeing upcoming economic data to shape their strategies.
ANALYSIS:
Fundamental Analysis: The Eurozone's economy is showing signs of weakening, and there's potential speculation about a rate cut. The uncertainty surrounding ECB policy contrasts with a relatively more robust economic outlook in the US.
Technical Analysis: EUR/USD is currently trading near resistance at 1.0990. The 55-day and 100-day SMAs at 1.0930 and 1.0924 provide interim support, with significant support at 1.0912. Resistance at 1.1040/45 acts as a crucial barrier.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/USD
CURRENT TREND: Range-bound with a downside bias
TRADE SIGNAL: SELL (Based on the Eurozone's economic weakness and technical resistance levels)
👉ENTRY PRICE: 1.0990 (Current resistance level and near-term high)
✅TAKE PROFIT: 1.0912 (August low, representing a key support level)
❌STOP LOSS: 1.1040/45 (Potential bullish trigger, marking a critical resistance area)
The collective analyses paint a mixed picture for EUR/USD, with underlying economic fundamentals and technical indicators guiding market sentiment. As September approaches, traders and market strategists will closely monitor key economic data and central bank positions, balancing optimism with caution in the face of potential challenges for the Euro. Attention to these factors will likely be instrumental in shaping trading strategies and investment decisions for the EUR/USD currency pair in the coming month.
EURUSD Analysis 7Aug2023At the end of the week, the trendline is holding steady and there are limits to the potential returns. However, we can observe that the bearish trendline has been positively responded to three times, which is often a signal that the bearish trend is still dominant. Additionally, there is a liquidity area (highlighted in yellow) below SND that typically receives a positive response from the price in the future. It is likely that the price will fall further than the liquidity area.
An important swing low has formed on EUR/USDEUR/USD formed a bullish pinbar last week, and Friday's bullish range expansion formed part of a 3-day bullish reversal (morning star pattern). It appears an important swing low formed on Thursday, and any pullback towards Thursday's high will catch our bullish interest.
Prices are flirting with a break below 1.10 ahead of the European open, and perhaps we'll see a bearish spike or two before bullish momentum returns, although prices are holding above the weekly pivot point.
AN initial target is 1.1020, then on to Friday's high.
EURUSD Road Map🗺️!!!(4-hour time frame⏰)After the EURUSD failed to break the 🔴heavy resistance zone($1.1185-1.110)🔴 and created a bull trap , it started to fall and started corrective waves .
🔔Currently, EURUSD is breaking the uptrend line, and I expect EURUSD to fall at least to the 🟡 Price Reversal Zone(PRZ) 🟡 and support line.
Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
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EURUSD Technical Analysis and Trade IdeaThe EURUSD currency pair has retraced towards a significant resistance level. In the video, we conduct a comprehensive technical analysis, examining the trend, market structure, price action, and other essential aspects clearly visible on the chart. Towards the conclusion of the video, we explore a potential trade setup. It is important to note that the information covered in the video should not be interpreted as financial advice.
EurUsd could rebound from trend lineIn the past two weeks, after reaching a high at 1.1250, EurUsd had a bad run and dropped 300 pips.
However, the trend is not altered yet, with the pair above the recent trend line.
A rebound from this support could be next and considering the fact that DXY is near resistance and it could drop from there, this outlook becomes pretty likely.
In conclusion, dips under 1.1 could be bought for a test of recent resistance.