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Eurusddaily

EURUSD Multi TImeframe Analysis 03.10.2024M15 Swing and Internal Structures are both Bearish aligned with 4H Structure. If you are looking for Longs, beter be cautious. The price is now in Daily Demand zone and approaching to old 4H Demand but this low is likely to be taken so I don't think it is going to hold long but we might see fake 15m bullish breaks in this 4H demand before it fails. Ideally wait price to mitigate 15m Supply to take shorts which would be more probable than long positions. Check 4H and Daily Analysis below
Short
by alplaila
EUR/USD Longs to short idea from 1.10500 My analysis for EU is similar to GU. Currently, the price is very close to a 3-hour demand zone where I will be looking for buying opportunities. Once the price enters this zone, I will wait for distribution before targeting the nearest supply zone for a potential sell. When the price reaches that supply zone, I will consider entering sells, as there's a similar setup in GU from last week's NFP. However, my ultimate target is the extreme supply zone at the 10-hour level. Confluences for EU Buys: - The price has created a clean demand zone that caused a change of character (CHOCH). - In the short-term trend, there's substantial liquidity to the upside for price to take. - This setup aligns with the DXY (Dollar Index). - Price has filled in an imbalance as well. Note: I am more inclined to take these buys since the demand has caused a CHOCH on the higher time frame. Have a great trading week, and don't forget about the upcoming CPI data!
by Hassan_fx
7 Dimension Buy Trade Setup for EURUSD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bullish with inducement done. Corrective swing move reaches the extreme POIs, also gives a pullback at the demand level, forming a bullish internal structure. Mitigated all POIs including extreme OB, FVG, and liquidity sweep area inside the structure in the discounted zone. Swing support demand zone plays a significant role at this point and this zone also acts as a change in polarity zone. 2: Pattern 🟢 CHART PATTERNS: Reversal: Double bottom chart patterns also indicate a reversal. 🟢 CANDLE PATTERNS: Momentum: Many bullish and bearish big candles show huge activity in this area, indicating execution momentum is on the sell side and building momentum on the buy side, but buyers look strong. Narrow range 4 pattern possibly formed and a tower bottom is also fully formed, indicating a buy-side reversal. 3: Volume 🟢 Fixed Range: According to this, many bulls are active in this area and have very good buy pressure. 4: Momentum RSI 🟢 With 2 bullish divergences in the bearish range indicating a momentum shift from bearish to sideways range shift. 5: Volatility Bollinger Bands 🟢 After corrective volatility expansion, now volatility is going to cool down and might be for one day, price can consolidate in this range and then start another impulsive move on the bull side with a possible upper band squeeze breakout walking on the band because right at this level we also see a W Bollinger band pattern and lower band puncher. 6: Strength: EUR is strong. 7: Sentiment: All indicators point to buy sentiments. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: CHOCH in M5 and also mitigated all the POIs in entry time frames ☑️ M5 Trend Line Broke 💡 Decision: Buy 🚀 Entry: 1.08845 ✋ Stop Loss: 1.08753 🎯 Take Profit: 1.09232 😊 Risk to Reward Ratio: 4.24 RR 🕛 Expected Duration: 2 Days Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology.
Long
by Optimum369
EUR/USD Price Surge: Analysis and Future Outlook The EUR/USD price has surged significantly over the past 10 days. Let's explore the reasons behind this movement and the potential trends we might face in the coming days. Fundamental Analysis: The EUR/USD exchange rate has seen a significant increase over the past 10 days. This upward trend is primarily supported by a weakening U.S. dollar, driven by several economic factors. Recent inflation data shows that U.S. inflation is slowing down, with the annual inflation rate for June 2024 at 3.0%, a decrease from previous months. This has strengthened expectations of a less restrictive monetary policy from the Federal Reserve, with investors anticipating rate cuts in September and possibly in November or December. On the other hand, the euro has been bolstered by the European Central Bank's (ECB) aggressive stance on raising interest rates, improving energy prospects in Europe, and relative weakness in the dollar. Technical Analysis: The EUR/USD chart indicates a potential structural change. Recently, as the price dropped to the lower part of the channel, it found support around the 1.07 level, hitting an upward trendline without making a lower low from the previous wave at 1.06. From that level, the price rose, testing the upper part of the channel and closing the daily and weekly candles at the previous high around 1.09. This is a crucial level; if it breaks with a daily candle, it would confirm the structural change, leading to a potential further rise. Conversely, a rejection at this level could result in a decline. Volume Analysis: In recent sessions, the Point of Control (POC) has consistently been at the beginning of the session, indicating significant volume gaps in the daily candles. The overall POC for the channel is at the 1.08 level, which could act as a support if the price declines. If the price continues to rise, there are many upper areas left to fill from the highs of the previous year. Sentiment Analysis: Current retail sentiment shows a 91% short position against 9% long, with short volumes at a four-year high. However, institutional positions as of the 2024-07-09 COT report indicate 393,029 long contracts against 160,108 short. Dealers, on the other hand, are 275,000 short against 9,478 long. This discrepancy suggests that institutional players are aligned with the market, discouraging short positions. Personal Analysis: In my opinion, the euro's recent rise seems exaggerated given the negative IPC, a rate cut by the ECB, a favorable PPI for the dollar, and Powell's statements indicating it is not yet time to cut rates. I expect a retracement from this level or slightly higher to fill some of the gaps left during the rise, after which the market will decide on the next direction. Powell's speech on Monday will be crucial. However, I wouldn't be surprised by a continued rise, as summer markets can be very unpredictable. If you don't have any open positions, it's wise to wait for the market to establish a clear direction before entering. I hope this analysis has been helpful. If you found it useful, please leave a boost to show your appreciation for the work done.
by jamesbond70
THE RIGHT WAY TO MAKE MONEY THIS WEEKAfter the analyzes sent at the end of last week and the beginning of this week, I received many messages asking for explanations on my sometimes conflicting analyses, so I want to explain my point of view. The lack of incisive news at the beginning of the week and the lowering of volumes that mark the beginning of summer are avoiding major movements on eurusd. My idea is that if the pair breaks and I drop the first sell zone with the line marked in blue we will go straight to the demand zone, otherwise if it bounces we will take the volume at the top and then continue with the descent. I observe the first area very carefully to evaluate a long (you can find my setup among my ideas) otherwise I will set my short vision in case it were to break it in an incisive manner. I hope I have been of help.
Short
by jamesbond70
1
EURUSD analysis week 29 GBPUSD analysis week 29Even as the PCE inflation report hurts the USD, EUR/USD may still struggle to mount a decisive recovery, as investors hold back while waiting for the Euro's expanding strength before the first round of elections in France. EUR/USD turned sideways last week, capping a dismal trading week after there was little reason to push the pair to trade in a downtrend that was the main trend of the pair. Present. German import prices and labor figures generally missed targets, and US Personal Consumption Expenditures (PCE) price index inflation failed to gain significant momentum despite meeting forecasts. . Next week, European inflation figures will hit the market at the start of the week with German Harmonized Consumer Price Index (HICP) figures on Monday, followed by EU-wide HICP inflation on Tuesday. Next week also marks the next release of US Nonfarm Payrolls (NFP) labor data, expected next Friday. Fiber came face-to-face into technical hurdles on Friday, sinking at the 200-hour Exponential Moving Average (EMA) at 1.0715. The pair continues to battle the 1.0700 handle and so far, the bidders have been unable to pattern lower highs in the short term. The EURUSD pair is still struggling with resistance at 1.075 and support at 1.067 As buyers continue to show signs of exhaustion, a break of the 2024 low at 1.0600 becomes increasingly likely. go out. In case EUR/USD falls below the sideways band, 1.0610 could be set as the next downside target. On the positive side, 1.0750 last week's broad band resistance would serve as interim resistance before 1 ,0800. Support: 1,067-1,061 Resistance: 1,075 - 1,080 BUY EURUSD zone 1.061-1.059 SL 1.057 SELL EURUSD zone 1.079 - 1.081 SL 1.083
by TVS-Trader
2
Euro Slumps on Populist Surge: A Trader's Guide to Uncertainty The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll results paint a picture of a fractured Europe, with anxieties swirling about the future unity and stability of the European Union. Investors, understandably jittery, have reacted swiftly by pulling back on euro-denominated assets. This has resulted in a sharp decline in the euro's value against other major currencies. The coming days and weeks are likely to be marked by continued volatility in the eurozone, creating a complex environment for traders to navigate. Adaptability is paramount in this climate. With the potential for further political escalation, the euro's depreciation could accelerate. In such a scenario, shorting the euro – essentially betting on its decline – could be a viable strategy. However, this is a tactic that requires meticulous planning and precise timing. Traders must carefully weigh the risks involved against the profit potential. To make informed decisions, staying abreast of developments is crucial. Closely monitoring the political climate and key economic indicators that could influence the euro is essential. Real-time news updates, expert analysis, and access to reliable data sources are your weapons of choice in these turbulent waters. Additionally, implementing robust risk management techniques will be your safety net, protecting your investments from unforeseen market swings. The current situation presents a unique opportunity for astute traders. By evaluating existing positions, considering the potential benefits of shorting the euro, and formulating a well-defined strategy, you can transform these challenges into opportunities. While the path ahead may be unclear, adopting the right approach can empower you to thrive in this volatile market. By following these steps and leveraging our resources, you can transform uncertainty into an advantage and emerge from this market turbulence a winner.
Short
by bryandowningqln
EURUSD - in strong downtrendEURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line. In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.
Short
by TheLeader_WOLF