Eurusdidea
EURUSD and EURJPY top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Daily Setup - Fibo and Cloud Breaking buy confirmationTechnical Analysis:
Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well.
The immediate resistance level is going to start from 1.0628
The Second resistance level is 1.0775
The immediate support level is 1.0467
Considering Fibo, we can see the price of EURUSD is fighting with 0.38 level right now. A strong break out of EURUSD may lead EURUSD towards 0.61 level which is the strongest resistance level and a perfect price for a sniper entry.
Considering the cloud breaking strategy, we can also see that during this level, there was a cloud breakout in previous times. We know in Forex, History repeats! Therefore , 1.0628 is one of the best price to enter to the market with a goal to achieve 1.07758.
Our Trade:
Buy Stop 1.06269
SL# 1.0467
TP# 1.0528
EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
eurusd sell setup - be patient eurusd is in a down channel
COT data report show 23k long positions closed with 33k short positions opened
so maybe the price will move to the downside
if u r not sure, u can use a " sell stop " order below the green demand level.
if the price breaks it, it's ok. if not, u don't lose anything.
don't forget to use proper risk management
EURUSD: Double top hunting?!EURUSD
Intraday - We look to Sell at 1.0582 (stop at 1.0632)
The medium term bias remains bearish. We look for a temporary move higher. Previous resistance located at 1.0600. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.0450 and 1.0400
Resistance: 1.0600 / 1.0785 / 1.1165
Support: 1.0450 / 1.0360 / 1.0200
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EURUSD is showing signs of bullish reversalEURUSD is showing signs of upside reversal. The pair bounced up from the May 2022 low. On top of that the pair has printed bullish reversal pattern and continuation pattern on lower timeframe which suggest that the pair is more likely to extend to the upside.
I will closely monitor further developments for buy opportunity in this market targeting 1.063 and 1.074.
If you find this idea helpful please be kind to support it with likes. I will highly appreciate it.
A long-term look at EUR/USD. Is a Bullish reversal on the cards?Dear traders, selling EUR/USD at 1.0760 has been very profitable for us. We also managed to
buy EUR/USD at 1.0365 and bagged 240 pips from the bottom. In this idea, we will take a look
at the weekly chart to have a better grasp of the long-term trend of EUR/USD.
Currently, EUR/USD is sitting in a very crucial area. It's a level from where trend reversal happened
back in 2016 . Such levels are quite significant in the financial markets.
At present, we have a Doji Candlestick in the weekly chart. Now, usually, when a Doji forms after a
long-term downtrend or uptrend, it signifies a reversal. Since the Doji has appeared at a key level, this makes
it even more important.
In my opinion, there is a very good chance of a reversal and we might see EUR/USD at 1.08 in the next few weeks
provided the bulls are able to defend the 1.04 level.
I would be looking to buy the dips between 1.0380-1.0460 with 1.08 as my TP
+230 PIPS TP hit in EUR/USD, will the uptrend continue?Dear traders, EUR/USD has bounced off from the 1.0380 level as I mentioned in my previous idea.
So, whoever bought at that level certainly made 230+ Pips profit.
I am attaching the previous idea below for reference.
Currently, EUR/USD is facing some resistance in the 4H timeframe and price has gone through some pullback.
However, in my opinion, EUR/USD will reach 1.08 level by the end of the this month or early next month.
So, my preferred plan is to buy the dips in EURUSD.