Eurusdlong
EUR/USD Swing Trade to 1.1500I originally initiated a long position at 1.0854 on November 16th. After the huge bullish day on the EUR/USD on November 14th, I decided that the potential run to the next long term median level (1.1500) was on the table and although there was a threat of a pullback and I would have to endure some drawdown, the Bulls should uphold support around the median level at 1.0800.
Another reason for wanting to hold was the small “Hidden” Divergence between price and the MACD which thus far has been working out.
I will continue to hold this swing trade as long as price stays above 1.0800 and target 1.1500.
There is a short term 2023 median level that I am aware of at 1.1100, however since the levels for 2023 are coming to an end, this should not matter. It remains to be seen going into 2024.
EURUSD - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: As I expected in my previous analysis price made a retracement and almost filled the imbalance. Now we can see a rejection from bullish order block, so I expect bullish price action upcoming days.
Fundamental news: Upcoming week on Tuesday we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate in Europa. News with important impact on both currencies.
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EurUsd could rise above 1.1After the recent top above 1.1, FX:EURUSD fell pretty strongly to 1.0750 support.
This support held strongly and, after a short-lived dip under it on Friday, the pair recovered and is trading at 1.0904 at the time of writing.
the outlook for the pair is bullish and will remain like this as long as 1.0830 is intact.
Buy dips is my strategy and we could have a new local high for this pair towards 1.11 resistance
EUR/USD : Will it Fly or dive after FOMC?Hello traders and the entire Tradingview Community! Exciting FOMC event
coming up in a few hours. Even at this time of the year with low volumes, you
can still expect a lot of volatility and price movements during and after FOMC.
I am going to analyze EUR/USD without any bias here.
If you look at the daily chart, you will see that price is still above the 100-day
moving average which is a bullish sign. The area around 1.0740 which was previously
a resistance could work as a support now. If the support holds, and the Fed signals that
rate hikes are done for now, expect EUR/USD to go bullish.
A minor resistance lies around the 1.0830 level.
Note that I currently do not have any open positions in EURUSD.
EURUSD SELLHello, According to my analysis of the EUR/USD pair, the market seems to be in a negative state, especially with the break of the ascending channel. We also notice that the price returned to test the channel. There is also a strong correction on the Fibonacci golden ratio of 61%. Good luck everyone
EURUSD - D1\H4EURUSD
D1 - The price has reached level 161, which may lead to a potential correction and the formation of the 2nd wave. The price may correct by 50-60% of the impulse.
H4 - The price has formed a 3-wave structure, with a breakout of 1 wave, which may lead to a correctional ABC structure to the levels of 1.08721. The risks should also not be increased for a corrective movement.
What can you expect?
You can consider entering from the level of ~1.07818 with further movement to the target 1.9019. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave - 1.07414 or the 1st wave - 1.07216.
Long
Targets 1.08155 - 1.08367 - 1.08721 - 1.9019
Next scenario for EURUSD after a series of declining daysEUR/USD: The euro did not show any significant signs of recovery in this week's trading. Therefore, you can consider the following options: In a short-term scenario, the EURUSD could retest the price reaction zone around 1.0800 Ace and wait for a sell-off in this area in relation to the expected FOMC information. Eurodollar could still be a period of accumulation for the market. EUR/USD target expected level returns to 1.0650 area
EURUSD Longs from 1.07000 up to 1.08800This week's forecast for the EURUSD aligns with the breakdown observed in GBPUSD, indicating a positive correlation between these pairs. In the case of EURUSD, I anticipate further downward movement to reach a 19-hour demand zone. Following this, I expect a bullish reaction, propelling the price upward towards a more favorable supply zone for a potential sell-off.
Additionally, there is significant liquidity positioned above the current price, providing an additional rationale for a retracement. Given the recent bearish trend, I foresee an impending pullback, which I anticipate will occur during this week.
Confluences for EURUSD Buys are as follows:
- Price entering a 19hr demand zone that caused a broke of structure to the upside on HTF.
- There lots of liquidity lying above in the form of Asian highs and trendline liquidity.
- Price has been moving bullish the last couple of weeks and I consider this a pro-trend trade.
- The DXY (Dollar) is also temporarily bearish which means I'm expecting this pair to keep going up.
- The imbalances that were left previously have now been filled so price could be ready to retrace.
P.S. Although I am currently seeking buying opportunities in the demand area just below the current price, it wouldn't be surprising if the price decides to drop further to reach a more affordable zone. This adjustment could potentially result in an improved bullish position. Additionally, upon entering a supply zone, I anticipate the price to sustain a bearish trend, given the prevailing bearish sentiment in the overall market for the EURUSD.
EURUSD → Nearing Support! Is it Time to Long!? Let's Answer.EURUSD rejected nicely off of the Resistance Zone at 1.10 and fell to 1.07300! If you shorted at the Resistance Zone per my last analysis, hold that short! It's reasonable to take profits here around 1:1 Risk/Reward and swing the latter half, but will we make it to the bottom?
How do we trade this? 🤔
If you're not currently in a trade, I would wait until the price falls closer to the Support Zone and bounces or wait for it to break Resistance and long above it. Look to enter a long in the 1.06 area if a strong bull signal and confirmation plays out and trade a 1:2 Risk/Reward taking profit just shy of the Resistance Zone. Your protective stop should be below the Support Zone giving you a clear 1:2 Risk/Reward!
💡 Trade Idea 💡
Long Entry: 1.05800
🟥 Stop Loss: 104.100
✅ Take Profit: 1.09200
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Rejection at the Resistance Zone, Run Short to 1.06.
3. Look for Support at Support Zone 1.054.
4. Look for Reversal Pattern, Bull Signal and Confirmation.
5. RSI at 45.00 far below Moving Average, Bias to Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Eur/usd Buy signal Hello traders, EU retraced to a weekly FVG and high probabilty order block we have also the SMT with DXY which is a signature that we could have a smart money reversal, For the next week I would be looking for buys but before that I need to see some bullish momentum coming out to the market and market structure shift .