Eurusdlong
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 will have a slight increase at the end of the weekEURUSD: In yesterday's trading session, EURUSD plummeted to 1.0890. However, this morning's trading showed that there were no encouraging signs for the recovery outlook, and the EURUSD may continue to fall. Proceed to the 1.0850 area. In today's session, I think you can consider buying GOLD around 1.0860.
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 .
EURUSD resume uptrend?EURUSD's daily chart showcases a strong bullish momentum, with a notable opportunity for a sustained buy position identified at the highlighted demand level in blue. This level, signaling a concentration of unfilled orders, suggests significant underlying strength. The envisioned long-term target for this buy position aligns strategically with the supply zone at the chart's pinnacle.
Investors eyeing potential opportunities in the currency pair may find the current bullish trend compelling, with the highlighted demand level serving as a promising entry point. The anticipation of continued upward movement is supported by the concentration of unfilled orders at this level, reinforcing the potential for a sustained bullish trajectory with the long-term target aligned to the supply zone at the chart's upper extremity.
💡 EURUSD: Forecast ADP-Nonfarm EURUSD is approaching the support zone on the daily frame around 1.0755, and you can see that the current price trend is bearish and the current structure on the H4 frame is bearish because the previous bottom is clearly broken.
However, the price action is not moving very well, the price forms quite weak and unclear price pushes as well as pullbacks. More importantly, there is no really strong peak to be seen. Strong latch to hold the price. In market moving conditions like this, as long as the most recent small peak in that price decline is broken, the possibility of the market reversing is quite high or at least forming a deep pullback.
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 → Initial support emerges at 1.0820FX:EURUSD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday.
A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681.
So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
EURUSD - D1\H4EURUSD
D1 – The price has broken the trend line, which may indicate a potential downward movement, for this it is better to wait for a correction for confirmation and a three-wave structure to consider selling.
H4 – The price may continue to fall, we should also expect a correction when the trend line is broken, the target for the correction is 1.09615. The risks should also not increase for a corrective movement.
What can you expect?
You can consider entry from the level ~1.08759 – 1.08943 with further movement to the target 1.10026. Cancel the idea so as not to take increased risk at the idea levels beyond the end of the 2nd wave - 1.08495 or 1st wave - 1.08279.
Long
Targets 1.09080 – 1.09357 – 1.09615 – 1.10026
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
(Weekly backtest and review) EURUSDKey Focus:
(DEC 1)Powell commented that acknowledged the risks of not raising rates enough to sustainably cool inflation versus over-tightening and sending the economy into a downturn are becoming more balanced.
Indicates FED would keep rate unchanged until there is evidence to prove that current interest rate unable to stop inflation rate from hiking.
Money outflows from dollar would flow to other currencies, stock market, cryptocurrency etc.
Resistance:
-1.09710
-1.12758
Support: 1.08340
EURUSD longWe have a long opportunity looking for the target at 1.09260, as long as the price does not break the 1.08800 level.
With the expected news for today and the volatility that they may generate, a break of the 1.08800 level would give us the signal to enter the market with a short position, looking for the 1.08500 target level.
EURUSD possible buy zone!Recently, there was an anticipation of a pullback or correction in the EURUSD currency pair. This correction was expected if the current peak reached the level of 1.10000. However, the US dollar strengthened without a deceptive upward movement, compelling its major rivals to retreat. Despite this, an overshoot is anticipated, likely leading to the subsequent (deeper) downward correction.
Towards the end of this week, on Friday, significant economic data is set to be published. Special focus is on data from the United States, and, of course, the attention-grabbing speech by the head of the Federal Reserve.
EURUSDAs we delve into the intricacies of the EUR/USD market, a compelling bullish narrative emerges, supported by a meticulous examination of the order flow dynamics. The current outlook suggests a favorable environment for bullish sentiments, with an emphasis on a key level that has yet to undergo a retracement.
Analyzing the Daily Time Frame reveals a missed retracement level, signaling a potential catalyst for a bullish resurgence in the EUR/USD pair. Traders and investors can anticipate a bullish momentum emanating from this critical juncture, offering a strategic entry point for those looking to capitalize on the forthcoming market dynamics.