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Eurusdlong

Is EUR/USD oversold? Time to Buy?Is EUR/USD oversold? Time to Buy? EUR/USD has been experiencing a robust downtrend on the 30-minute chart since 30 September. This bearish movement was triggered after the pair encountered a significant resistance area, forming a double top configuration on the daily chart. From a 30-minute perspective, EUR/USD has remained on the same side of the 200-period moving average for 710 candles, indicating that the pair may be in an oversold condition and that the downtrend could be maturing. Statistically, most directional movements typically accumulate between 300 and 400 candles on one side of the 200-period moving average. Shift from Seller to Buyer Interest: Since the inception of the downtrend, this marks the first instance where EUR/USD has made an upward move that corresponds to the preceding downward move. This development signals a potential shift in market sentiment from bearish to bullish and could also be interpreted as a bullish engulfing pattern. Currently, EUR/USD is situated in the 38.2% Fibonacci retracement level on the 30-minute chart, which may serve as a support zone. Key Levels to Monitor: The main areas of interest for today are 1.0830 and 1.0850, which have the potential to support the price action. A buying opportunity could materialise if EUR/USD manages to break above 1.0855. Should this occur, it may lead to an upward movement towards the 1.0945 area later this week. Conversely, an alternative scenario may unfold if EUR/USD breaks below 1.0820, which could prompt a decline towards the 1.0775 region within the week. Treading Carefully Amidst Potential Changes In summary, while EUR/USD is currently entrenched in a downtrend, emerging indicators and patterns suggest the possibility of a trend reversal. Traders should remain vigilant around the critical levels mentioned, as these will be pivotal in determining the pair's next movements. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
EUR/USD Technical Analysis: (READ DESCRIPTION) Pivot Point: 1.0650 The pivot at 1.0650 serves as a key level of support. This level will play a crucial role in determining the near-term direction of the EUR/USD pair. The current technical setup suggests that the pair could see a significant upward movement if it holds above this pivot. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above the pivot point at 1.0650. The expectation is that the pair will move upward, testing higher resistance levels. Target Levels for Upside Movement: First Target: 1.1000 This level represents an intermediate resistance where traders might take profit or evaluate the continuation of the bullish momentum. Second Target: 1.1200 If the first resistance is breached, EUR/USD could extend its gains toward the 1.1200 level, indicating a stronger bullish continuation. Alternative Scenario: Downside Risks If the price fails to hold above 1.0650: Bearish Outlook: A break below the pivot point could lead to a downside move, targeting the following levels: First Target: 1.0500 Second Target: 1.0450 These levels represent potential areas of support if the bearish scenario unfolds, marking a significant downward trend. Technical Insights: RSI (Relative Strength Index): The RSI has recently landed around the 30% zone, which is often considered oversold. This suggests that selling pressure may be waning, and a reversal to the upside could be in progress. A rising RSI typically confirms growing buying interest. Support Zone Strength: The 1.0650 level has acted as a solid support zone in the past, and the price appears to be bouncing off this level, reinforcing the probability of a bullish reversal. Moving Averages: Should the pair break above its short-term moving averages, such as the 20-period or 50-period moving averages, it would further confirm the bullish scenario. A crossover of these averages could serve as a signal for an upward trend continuation. Momentum Indicators: Momentum indicators like the MACD (Moving Average Convergence Divergence) could signal a bullish crossover soon, which would add to the bullish sentiment. The price also remains above key moving averages, providing additional upward pressure.
Long
by CharivapaAlgo
EURUSD Trendline Breakout Ready for a Long BullHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
EURUSD - Technical Analysis [Long Setup]🔹 EURUSD Analysis on 4H chart - The current Trend is BEARISH - There is BULLISH divergences - Reversal pattern is present which is falling wedge 🔹 Trade Plan For 1HR - Entry Level = 1.08750 - Stop Loss = 1.08339 - TP1 = 1.09170 - TP2 = 1.09653 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
EUR/USD Long Counter-Trend Setup (4H/8H Timeframes)I’m looking at a long counter-trend trade on EUR/USD based on several technical confluences across multiple timeframes. Market Sentiment: Currently, risk sentiment is “risk-off,” which has pushed the dollar higher, but now we’re seeing signs of a potential reversal in both EUR/USD and the Dollar Index (DXY). Key Observations: Engulfing Candles on the Daily Timeframe: Both EUR/USD and DXY have printed engulfing candlestick patterns on the daily chart. This could signal a potential reversal, with the momentum shifting in favor of EUR/USD. Monthly 20 MA: The 20 MA on the monthly chart is being tested on both EUR/USD and DXY, adding to the importance of the levels we’re currently observing. A bounce or break here could trigger significant moves in either direction. 5 EMA Hit Probability: On the weekly timeframe, the 5 EMA lines up with my 4H target. Historically, if a session doesn’t hit the 5 EMA, the next one has a higher probability of doing so, something to be mindful of as we approach the weekly close. Divergence on Multiple Timeframes: MACD divergence is present on the 4H and 8H timeframes for EUR/USD, suggesting weakening downside momentum. Additionally, there’s a bearish divergence on DXY and a bullish divergence on EXY (Euro Index), further supporting the case for EUR/USD upside. Conclusion: With the alignment of these factors—candlestick patterns, moving averages, and divergences—this setup presents a solid opportunity for a long counter-trend trade on EUR/USD. While it’s a counter-trend trade, the confluences from multiple timeframes increase the probability of success. Keep in mind that this trade is aligned with technical signals and risk sentiment, so proper risk management is essential.
Long
by RemcoTradeFX
2
EUR/USD Price Analysis: (READ DESCRIPTION)EUR/USD Price Analysis: Potential Short-Term Upside Pivot Point: 1.0825 This level serves as a key support level that guides near-term price movements. Market Outlook Our Preference: Bullish Scenario: Long positions are recommended above 1.0825, indicating potential upward movement. Target Levels: Target 1: 1.0855 Target 2: 1.0870 These levels represent potential profit zones for long positions, should the price maintain above the pivot. Alternative Scenario If EUR/USD drops below 1.0825: Bearish Outlook: Further downside could be expected. Target Levels: Target 1: 1.0810 Target 2: 1.0795 This suggests bearish movement if the price falls below the pivot, aiming for lower support areas. Technical Indicators RSI (Relative Strength Index): The RSI indicator shows a mixed signal, suggesting traders should exercise caution as the market could experience some volatility.
by CharivapaAlgo
EURUSD Scalping-day trading HIGH RISKSetup: OTE + FVA + FVG FX:EURUSD I'm using a tight stop-loss here because if it gets hit, I'm prepared to re-enter at a lower level. This approach allows me to better capture high-probability zones while keeping risk minimal at this stage. 📈 RR: 12.15 — A great risk/reward ratio that helps me optimize each trade and manage capital efficiently. Always ready to adapt to market conditions and stick to the plan 👊. If this trade doesn't go as expected, I've already got the next step in mind.
Long
by Jaytradermb
EUR/USD Potential long trade setup (4H)I am looking a long opportunity on EUR/USD. There is a clear bullish RSI divergence found and suggesting me potential upside, My entry is placed at 1.10218, Targeting 1.11631 (TP-1) and 1.13100 (TP-2) Stop loss set at 1.08778. The risk to reward ratio is favorable and i am expecting a bounce from current levels. i will wait for price action confirmation before entering following the trend reversal signs from divergence. Best of Luck
Long
by kashifone1
9
EURUSD to turnaround?EURUSD - 24H EXPIRY Trades at the lowest level in 48 days. Bespoke support is located at 1.0875. We have a 78.6% Fibonacci pullback level of 1.0870 from 1.0778 to 1.1202. Selling posted in Asia. Dip buying offers good risk/reward. The medium term bias is neutral. We look to Buy at 1.0875 (stop at 1.0825) Our profit targets will be 1.1037 and 1.1050 Resistance: 1.1008 / 1.1038 / 1.1050 Support: 1.0875 / 1.0870 / 1.0775 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
2
EURUSD Daily Technical Analysis - October 16EURUSD has experienced a notable correction throughout October, yet it remains within a bullish trend, forming a wedge pattern. Analyzing the daily timeframe reveals several key levels that are crucial to watch in the upcoming days. Currently, EURUSD is testing the .618 Fibonacci support level at 1.0876, with the latest candle forming a Doji. This suggests a weakening bearish momentum and raises the possibility that this support level could hold, potentially paving the way for a bullish reversal in the weeks ahead. Should this Fibonacci support fail to halt the correction, further bearish movement may continue towards the secondary support at 1.0797, before resuming a bullish trend with a target of 1.1243—approximately 3663 pips from the current level. Keep an eye on these levels as they may provide significant opportunities in the near term
Long
by AzrulAzir
#EURUSD: 500+ Pips With Four Targets! Comment Your View! The EURUSD currency pair experienced a decline due to the robust bullish reversal of the DXY index, which ended a prolonged period of bearish dominance. Notably, the price exhibited an impulse pattern characterised by the absence of corrective movements. This pattern is generally viewed positively by traders seeking swing buy opportunities in the EURUSD market. It is important to recognise that such patterns are often influenced by fundamental factors rather than the volume of sell entries. Consequently, when these fundamental influences subside, the price tends to retrace and resume its original price trajectory. Regarding take profits, a strategy involving four distinct take profit levels is employed. This approach entails taking profits sequentially, with each successful take profit resulting in the closure of 25% of open positions and the subsequent setting of the next take profit level. It is crucial to emphasise that this analysis does not constitute financial advice, and individuals should conduct their own research and make informed decisions. The purpose of this educational chart is to provide insights into price movements and the underlying processes. Wishing you the best of luck and safe trading. Please feel free to express your appreciation by liking and commenting on this idea. Additionally, consider following for access to more valuable content. Team Setupsfx_
Long
by Setupsfx_
23