EURUSD Trade IdeaWe can see that the EURUSD has been under pressure lately. It is currently trading down into a key support zone as shown on the chart. Previous 1D lows are the draw on liquidity. I'm anticipating a retrace and looking for a potential sell opportunity if we see a move into the 50-61.8% Fibonacci level. T1 at previous low and further targets would be a bullish order block at the extended 50% level on the fibo.
Eurusdlongsetup
EUR/USD Longs from 1.07500 up towards 1.08800For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response.
Alternatively, if price doesn't reach this demand zone, I foresee a swift retracement to fill the imbalances from NFP Friday, followed by potential distribution within the newly identified 10-hour supply zone. Should this supply zone be tested first, my strategy will involve selling positions targeting the 2-hour demand zone.
Confluences for EU Buys are as follows:
- Price is near a clean 2-hour demand zone that has broken structure to the upside.
- Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up.
- There's lots of liquidity to the upside that needs to be addressed as well as some imbalances.
- Dollar (DXY) is still looking bearish as well which means more upside is still left for EU.
P.S. Should the 2-hour demand zone be breached, I anticipate a shift towards a bearish trend, as it represents the final support connected to that wing point. Keep your zones pre-marked to stay prepared for any sudden price movements.
Have a great week everybody!
EURUSD
EUR/USD is showing a bullish trend in the 4-hour timeframe, marked by a breakout from a falling wedge pattern. The price action is currently conforming to an ABC waves pattern, suggesting potential upward momentum. Traders might consider monitoring this development for potential trading opportunities aligned with the bullish bias.
EURUSD Looking BullishThe EURUSD is currently situated in the Daily Demand area, signaling a possible dominance of buyers. The existing upward trend remains intact unless there is a break below the critical Higher Low level at 1.07250.
Being within the Daily Demand zone, the EURUSD indicates a positive outlook for buyers, with the upward trend likely to persist as long as the crucial Higher Low support at 1.07250 remains unbroken.
EURUSD Possible bounce ? The EURUSD is presently within the Daily Demand area, indicating potential buyer dominance. The prevailing uptrend persists until a breach of the 1.07250 Higher Low occurs.
Currently residing in the Daily Demand zone, EURUSD suggests a favorable scenario for buyers, maintaining the upward trend unless the crucial Higher Low at 1.07250 is breached.
I'd like to hear your insights on this currency pair.
EURUSD: The USD is expected to have its largest monthly increaseThe US greenback is on course for its maximum giant month-to-month benefit on account that September, with a 2% benefit towards a basket of main currencies as January ended. The boom changed into attributed to marketplace modifications to the tempo and quantity of anticipated hobby fee cuts, stimulated through sturdy US financial facts and competition from important financial institution officials. toward reducing hobby prices.
In contrast, the Japanese yen changed into poised for its maximum giant decline towards the greenback in almost a year, falling extra than 4% in January. This is the sharpest decline on account that February 2023, because of falling salary boom and slowing inflation in Japan, which has decreased expectations of hobby fee hikes.
Early within the Asian buying and selling day, the greenback remained consistent at $1.0844/euro and barely weaker at 147.23 yen. The greenback index, which tracks americaA forex towards a set of different currencies, changed into final visible at 103.36.
Investors are also targeted on the imminent choice through the Federal Reserve, which predicts that US hobby prices will continue to be unchanged. However, the Fed should sign the opportunity of a fee reduction through casting off language similarly fee hikes are beneathneath consideration. According to hobby fee futures, there may be presently approximately a 43% hazard of the Fed slicing hobby prices in March, down appreciably from a 73% hazard at the start of the year.
Deutsche Bank's chief global strategist, Alan Ruskin, explains that the marketplace's response to the Fed assembly will probably be pondered withinside the chance of a fee reduction in March. Ruskin elaborates on the connection among this opportunity and the euro/greenback trade fee, noting that a 50-50 hazard is in line for the euro at $1,087, at the same time as a completely predicted hobby fee reduction might push the euro to $1,1080. Conversely, if the March fee reduction is completely discounted, the euro should fall to $1.0660.
Before the Fed's choice, financial signs including the shopping managers index survey from China and European inflation facts can be released. Australian inflation facts, barely decrease than economics anticipate, bolstered expectations that the Reserve Bank of Australia has ended its hobby fee hike cycle.
EURUSD Looking BullishIn our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern.
This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in pips.
Keep an eye out for further updates, and as customary, approach your trades with assurance.
EURUSD - Let's go higher now ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: As you can see in my previous analysis price delivered as expected. Now I expect bullish price action after filling the imbalance and rejecting from bullish order block + institutional big figure 1.08000.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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EURUSD - Downside to bullish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we have pretty the same scenario as on GOLD, Price rejected from bearish order block so I expect price to drop in order to fulfill the imbalance. My target is institutional big figure 1.08000 from where I look for a long position.
Fundamental news: Upcoming week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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EURUSD Longs from 1.08300 or 1.08000 back upThis week's bias for this pair aligns with GU, and I'll be aiming to initiate long positions from the demand levels positioned just beneath the current price. Whether it's from the nearby 2-hour demand zone or the 10-hour demand zone situated below, my objective is to buy back up to a supply level or potentially target the equal highs positioned above.
Ideally, I'm hoping for price to form a Wyckoff accumulation within my designated demand zones and provide a strong confirmation signal. If this doesn't happen, I'll wait for that zone to be breached, anticipating the spring to occur within the more favorable 10-hour demand zone.
Confluences for EURUSD are as follows:
- Price has been temporarily bullish to the upside and the 10hr demand zone caused BOS.
- I will be anticipating a Wyckoff accumulation to start formulating within my demand region.
- A pullback has been initiated from the reaction of the 6-hour supply zone.
- Lots of liquidity to the upside in the form of Asian highs and equal highs.
- Dollar (DXY) is looking to be bearish so I'm expecting this to be bullish.
P.S. While I maintain a bullish stance on this pair, I wouldn't be caught off guard if the reaction from the 6-hour supply zone triggers further downward movement, potentially breaking the structure to the downside. In such a scenario, I'll be more inclined to explore selling opportunities.
LAST WEEK OF JANUARY LETS HAVE A GREAT TRADING WEEK!
EURUSD Trend Reversal ?Pair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame. Completed Impulsive Waves " 12345 " Bearish and " AB " Corrective Waves. Exp FIAT as an Correction in Short Time Frame need to wait until it Rejects from Upper Trend Line or Demand Zone
EURUSD: The ECB's policy decision is the highlight of today's ec
The dollar rose slightly early in the day after being mixed in yesterday's trading. Rising Treasury yields of late have supported the greenback.
US stocks also saw late declines, although technology stocks again outperformed as the Nasdaq index closed up 0.4%. The S&P 500 managed to rise 0.1% while the Dow closed down 0.3%. US futures are currently flat.
In the bond market, the 10-year bond yield in the US decreased 2 basis points to 4.158%.
ECB President Lagarde will continue to speak based on the data but traders will keep an eye out for any unexpected comments from her.
The market prices the ECB's ability to cut interest rates in April at 72% and expects 127 basis points of interest rate cuts this year.
Long EURUSDI'm expecting bullish movement on EURUSD throughout the remainder of the month. We've already come down and took out liquidity residing below December 15th low (1.08811) and filling in the gap below that level. If price manages to push with good volume pass the 1.08963 price I'll be looking to enter a long position aimed at December's high.
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 is ready to go shortThe price movements from 1.0980 are viewed as a corrective pattern for the preceding uptrend. While further upward movement cannot be ruled out, the rally appears to be capped by the break of the 1.0920 level, signaling a potential sell-off towards the target at 1.0768.
Therefore, we are opening a short position to target the mentioned objective as the next goal.
DXY UPDATE!! Massive CORRECTION coming!!! Following up with out last video, we expect DXY to make the FALL to fill up the little GAP we have, in that case we now expect xxxUSD to make a BULLISH PLAY and this will ONLY bar ready when DXY is ready.
IN the video I showed you exactly when and where DXY will be ready so you can start attacking the massive IMPULSE legs on xxxUSD.
I hope this video was helpful, LIKE AND COMMENT and let me know what you think.
EURUSD Weekly setupThat's my main view for the coming week about EURUSD. I expect it to pump and touch the main trendline around 1.10 area. As soon as we will broke up 1.092 we should see some real moves. On H4 timeframe there is also a good bullish divergence, and we can see a range on H4 with what looks like a short squeeze. I expect a pump like i said in my previous idea
EURUSD - Potential long ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we have huge imbalance that have to be filled, so my point of interest is a long position from bullish order block + institutional big figure 1.08000.
Fundamental news: Upcoming week on Thursday will see results of Interest Rate on EUR. News with high impact on currency.
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EURUSD: EUR/USD broke through an important technical milestone iThe dollar remains generally in good shape. EUR/USD tested the 200-day moving average during yesterday's trading session before rising to the 1.0890 level.
Looking at the short-term trend, sellers are in control with prices still not coming close to testing the 100 hour moving average at 1.0916. The downtrend will still be maintained for now.
As rising Treasury yields help strengthen the dollar, the euro is also receiving support from the ECB's outlook review.
Going into this year, traders were convinced of the first rate cut in April but that possibility is now being priced at approximately 90%. This comes after opposition from ECB policymakers.
That means that while April is still on the table, it is likely that June or July would be a more reasonable option to satisfy the central bank's board of governors. Therefore, if traders lower their pricing on an interest rate cut in April, it will support the Euro at a balanced level.
Currently, sellers are still willing to try to maintain the bearish trend.
Retail Data Shaping EUR/USD Fundamental Analysis:
1. US Retail Sales Increase: Recent data shows a 0.6% increase in retail sales in December, marking the strongest pace in three months. This indicates a solid holiday season and a resilient consumer attitude in the US, which could be a positive indicator for the US dollar (USD).
2. Consumer Resilience and Economic Outlook: Despite predictions of a recession, household spending has been surprisingly strong over the past year. However, this momentum is expected to slow down in 2024 due to persistent inflation, high borrowing costs, and diminishing savings. This could limit the strengthening of the USD.
3. Market Reaction: The immediate market response to the data was a drop in US Treasuries and stocks, suggesting a scaling back of expectations for Federal Reserve rate cuts. This generally would favor the dollar.
4. State of the US Economy: Manufacturing output showed minimal growth, indicating weakness in that sector.
Technical Analysis:
1. Monthly Time Frame: EUR/USD has rejected a key resistance, suggesting a possible bearish reversal.
2. Weekly Time Frame: The pair is in an upward trend and is at a significant support, which could indicate a bounce.
3. Daily Time Frame: There is an overextension of the price, suggesting a bearish correction towards 1.0800
4. 4-Hour Time Frame: A shift towards an upward trend is observed, confirming the possibility of a correction.
Conclusion and Strategy:
- Short-Term Outlook: The current strength of the dollar, supported by solid retail sales, could keep EUR/USD under pressure. However, the overextension and upward trend in shorter time frames suggest an imminent correction.
- Medium-Term Outlook: The expectation of an economic slowdown in the US in 2024 and potential weakness in the manufacturing sector could limit the long-term strengthening of the dollar.