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Eurusdforecast

EUR/USD Analysis for Thursday August 10thCorrection in the video: I meant PPI numbers, not CPI* In this video I share a potential bullish setup for the EUR/USD and what I'm looking for in terms of targets and trend continuation. The EUR/USD has been on a slight uptrend and continues to make decent pullback dips for us to position ourselves for the next potential swing. Trading Tip: Use a stop loss and stay patient in your trading approach. There is no need to rush or chase any market. Protect your capital and patiently observe the price action movement.
Long
by InternalTraderNYC
3
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.
by Hokusai_FX
Long Term Bullish on EUThis is the Yearly chart and it carries so much weight. We can see price traded lower into a deep discount of the range and we were stuck in a range for 8 Years dating back to 2015. Looking more closely, this range where price has been trapped is a battle between the Imbalances (Grey zones). Discount Imbalance sends price into premium imbalance and also subtly creates a massive pool of sell-side liquidity below it and just above the most discount imbalance(purple zone). Premium Imbalance sending price back lower to run the stops below the most recent low and with the sell-side liquidity now paired with fresh institutional longs, I believe this could be the perfect storm needed to see higher prices on this instrument. As nothing is ever certain in these markets, I would need to see this year close as a Bullish Engulfing to confirm a Bullish Bias, and if at the end of this year, we close lower than last year's low, then my Bullish Bias would be simply put in the back seat. I hope you found this useful. Also, you can request insight on the instrument of your choosing and in my free time, I can take a look at it for you.
Long
by OlamideAjasa
1
EURUSD: Important Breakout & Technical Outlook 🇪🇺🇺🇸 EURUSD was unstoppable this week: the market formed a huge high momentum bullish candle on a weekly time frame, violating a major horizontal resistance. From the beginning of the year, the pair was forming a bullish accumulation pattern setting equal highs and higher lows. The violation of a resistance is a very important bullish signal. It will most likely push the prices much higher. Next goal - 1.145 The market is very overbought at the moment, so I would suggest buying after a pullback. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
11