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Eurusdlongsetup

EUR/USD defends 1.06, can it move up to 1.0750?Hello traders, EUR/USD has managed to defend the 1.06 level so far. Currently, on the 4Hour chart, we are seeing the formation of a bullish candlestick. So, the question is whether there will be a sustained recovery in EURUSD? The first resistance level for the EURUSD bull lies at 1.0665. If the bulls manage to break this level strongly, then there can be further gains in EURUSD. In case of the bullish scenario, I would expect price to reach 1.0760 level. As long as 1.06 level remains unbroken, I would continue to buy the dips in EURUSD
by KaltoireCapital
6
EURUSD: Strong US retail sales push the dollar to new highsThe US economic system acquired a super improve from an first rate growth in retail income in March, which contributed to a sturdy monetary enlargement and a massive strengthening of the greenback. in comparison to different principal currencies. The greenback`s upward push comes amid issues approximately China's economic system, which, despite the fact that first-area annual GDP boom of 5.3% handed expectancies, noticed zone boom and income growth. Retail income in March did now no longer meet forecasts. Furthermore, China's new domestic costs skilled their sharpest decline in 8 years and actual property funding fell almost 17% yr-on-yr. The US greenback index hit a five-month excessive on Tuesday, marking a 4% advantage during the last six weeks. This growth comes as expectancies for hobby fee cuts through americaA Federal Reserve (Fed) are shrinking, even as different critical banks are going through stress to loosen economic policy. As a result, the euro, China's offshore yuan and the British pound fell to their lowest ranges in opposition to the greenback because November. The Japanese yen additionally weakened to a brand new 34-yr low of 154 .60 in line with greenback and forex volatility measures hit their maximum in extra than months.
Short
by Chart_MasterPro
Potential Rebound Ahead: EURUSDAfter experiencing a significant downturn in the past few days, I'm anticipating a potential bounce back above the 1.06680 levels. Analyzing the charts suggests there could be a reversal on the horizon. Traders, it's crucial to strategize and plan your trades accordingly. Disclaimer: Trading involves risk and should be approached with caution. The analysis provided is for informational purposes only and should not be considered as financial advice. Past performance is not indicative of future results. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Long
by Maven_Trader24
Counter-trend buy set-up, key S/R levels, +158 pips potentialHello traders, EUR/USD fell heavily post the release of CPI data from the US last week. While I anticipated EUR/USD to fall to the 1.0740 zone, I did not expect it to break the horizontal support level. Currently, EUR/USD is at the lower trend line of the broadening wedge pattern . While the price action does not look bullish yet, I am still considering at buy entry for EUR/USD. If price does not break the 1.0620 zone, I would consider buying EUR/USD@1.0630-1.0650 with Stop loss below the lower trend line and TPs at 1.0720 and 1.08 respectively.
Long
by KaltoireCapital
7
EUR/USD imminent Longs up towards 1.07000 This week's bias closely resembles that of GU, where I'm seeking buying opportunities towards a subsequent selling position. With price melting down and breaking structure to the downside, it has created numerous imbalances that need filling, prompting this bullish outlook. I'll be patient, waiting for the accumulation phase to complete along with a confirmation of change of character (CHOCH) to enter buy positions aiming for the newly established 10-hour supply zone. Subsequently, I'll look to initiate sells to continue the bearish trend downward. Confluences for EU Buys are as follows: - Price left so many imbalances above that need to be filled. - In order for price to continue the bearish trend price must pull back up. - Price is currently inside a 18-hour demand zone with a good initial reaction. - DXY is also near a good supply zone so could expect the dollar to drop a bit this week. P.S. Given the Asian low within my zone, I wouldn't be surprised if price dips further to test a deeper demand area below. Nonetheless, these long positions are merely a temporary move to realign with the prevailing bearish trend. Have a great trading week guys!
Long
by Hassan_fx
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Bought EURUSD@1.0735, who is with me?Hello traders, as predicted a couple of days ago in my EUR/USD idea, the resistance level of 1.0875 worked well and price fell massively after inflation data from the US came out. Currently, EUR/USD finds itself back in the support region. As the support zone has not broken yet, I have bought EUR/USD already. I recommend traders to buy EUR/USD@1.0710-1.0740 with stop loss below the 1.0680 level and TP at 1.0840, 1.09 provided the support region remains unbroken. Use proper money management, we have another important day coming up with lots of news releases.
Long
by KaltoireCapital
6
EURUSD → TRADE Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
FX Wars Episode 4 - A new hope (for the EUR)?First things first: 📊🔮My crystal ball tells me the US PCE inflation data today will be weaker on a monthly basis than the consensus expects it. -> This will lead to a (temporary) weakness in the USD ✅️ ...And thus a new hope for the EURO?... Once upon a time in a FX galaxy far, far away... The EUR has been rising against the USD for around 2 weeks and new hope is already emerging. Will the euro rebellion break out of the upper edge of the annual range at 1,127 or will the US(D) empire nip any naive hope in the bud? This is astonishing in view of the fact that the EUR has only suffered losses against virtually all other major pairs, such as the CAD, AUD or NZD, for weeks. See below for my related (and profitable) trade ideas: I will explain in detail in the comments why the naive breakout fantasies of the EURO rebellion will also fail against the US(D) empire.
Short
by PrimeTrading
22
EURUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY EURUSD ! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
7
EUR USD PRICE - NEED TO BALANCE THE LIQUIDITY AT RESISTANCE ZONEHELLO TRADERS have a look of EUR USD price need to BALANCE the LIQUIDITY which is IMBALANCED ZONE in the up ward direction,we can see that at 4h time frame from the past price in the up ward direction all the LIQUIDITY got FILLED, now its time to break the DOWN TREND LINE after that wait for the pullback then 1st target is 1.09134 nd 2nd target is 1.09952 nd 3rd target is 1.10882 , FOLLOW FORE LIVE CONTENTS
Long
by FOREX_TRADER_007
EURUSD UpdateThis is an update on the EURUSD analysis I shared last week with you guys, I was anticipating to see EURUSD trade higher to then trade lower and take sellside liquidity BUT now having seen how the WEEKLY time frame of both the EUR and the DXY are, I'm convinced we should anticipate buys to see buyside (The high Marked As A Weak High) liquidity taken, We would do good to anticipate buying on the rejection of the weekly which is aligned with a bullish daily Order block.
Long
by TheHumanArsenal26
2