Eurusdlong
EURUSD LongEURUSD had great week showing intention to look for higher prices
Price most likely to hit 38% fibo and retrace before pushing higher
Overall sentiment of the market is very bull for EURUSD :
1- Weekly Overview - Huge positive candle on the weekly close
2- DXY broke support and is looking bearish. The structure breakout projection is point DXY to drop to mid 38%-50% fibo .. plenty of room for EURUSD to grow and to break reverse to bull
3- Main USD pairs - All looking bad for USD therefore EUR should benefit from but also expect several retracements to adjust and look for supports in order to sustain their gains from this week
- USDJPY - Looking Bear
- USD vs GBP also on the bear side
- USDCAD also not looking good for USD
EURUSD in a neutral patternThe EUR/USD pair is showing new positive trades to breach the descending triangle resistance and attempt to hold above it, which requires attention from upcoming trades, as consolidation above this level will lead the price to continue rising and mainly visit the 1.0742 level.
Now, we prefer to stay neutral until the price confirms its next destination by monitoring the 1.0699 level, noting that trading below it again will reactivate the negative scenario whose targets start at 1.0678 and extend to 1.0652 .
Pivot Price: 1.0695
Resistance prices: 1.0742 & 1.0767 & 1.0791
Support prices: 1.0678 & 1.0652& 1.0620
The general expected tendency for today: neutral
EURUSD Possible buy zone!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 with WillsonnnnHello guys, a good day!
Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 1.0655 minor support, and sustained trading below 55 4H EMA (now at 1.0664), will argue that the rebound from 1.0447 has completed with three waves up to 1.0755. That came after rejection by 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). In this case, intraday bias will be turned back to the downside for 1.0447/0515 support zone. Nevertheless, strong bounce from current level, followed by decisive break of 1.0764, will bring stronger rally to 61.8% retracement at 1.0958 next.
EURUSD with WillsonnnnEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
EURUSD 4H losing momentumThe EUR/USD pair is currently testing the pivotal resistance 1.0695, and is still holding below it, coinciding with the Stochastic indicator reaching overbought areas, awaiting the resumption of the expected bearish trend for today, whose targets start at 1.0665 and extend to 1.0630 as the next stop after breaking the previous level. Remembering the importance of stability below 1.0695 for the expected decline to continue.
Pivot Price: 1.0695
Resistance prices: 1.0706 & 1.0731 & 1.0748
Support prices: 1.0665 & 1.0630 & 1.0599
The general trend expected for today: bearish
$EU AnalysisHi guys, this time i bring you an Euro analysis which isn't directional because i want you to comment your thoughts about where this is going to go, in my own opinion this is bearish at the moment but it could turn into a bullish situation if DXY flips it's H4 OB or bounces down from the Daily OB.
EURUSD - H4EURUSD
H4 - The price last week remained in the range of 1.065 - 1.071, without choosing a direction.
Locally, the price is moving in an ascending channel, and the corrective movement may continue in this range to the level of 1.077. For purchases, it is better to wait for the price to fix at the level of 1.072 or for the price to decline to the lower border of the channel (1.062).
To consider selling and continuing the downward movement, it is better to wait for the channel level (1.062) to be fixed and a retest. with targets up to 1.00000
What to expect now?
You can consider entering from fixation at the level of 1.072 with a small risk on the idea with a target of 1.085
It is better not to take increased risks; a correction is being traded. Cancel an idea when assigned to a channel level.(1.062)
Long
Targets 1.077 - 1.081 - 1.085
EURUSD Longs from 1.06400 to 1.07400 (possibly higher)This week's analysis for the EURUSD is similar to GU however it has some slight differences (at the end of the day they are different pairs with different characteristics.) In terms of current price I see the market consolidating just before the CPI event before making its decision.
So I would wait for price to either sweep liquidity below and tap in the (18hr) demand or, sweep the liquidity above and mitigate the (8hr) supply. But as we can use the dollar as a confluence I would be expecting it to rise a little then drop, so for the EURUSD I'm expecting it to tap in the demand first to buy back up to the supply zone above.
Confluences for EURUSD Longs are as follows:
- Price has formed higher highs and higher lows which is the clean structure of an uptrend.
- Price has left a clean unmitigated demand zone on the 18hr that I can buy from.
- Price has slowed down momentum and is ranging which is building liquidity for my potential buys this week.
- The dollar index also matches up with the bias as the DXY is expected to rise a little more, to then continue another bearish move to the downside.
- Demand zone has also broken structure to the upside and price has filled in the imbalances from the previous weeks.
P.S. I am more leading towards longs similar to GU so won't be surprised if it doesn't go as low as the demand zone marked, but keeps rising in order to mitigate the supply and sweep that liquidity below it. So for me, I would ideally wait and see as I don't see an imminent trading opportunity for Monday hence, why I would wait after CPI Tuesday to give me a better understanding of what direction this market wants to go in.
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.