Buy the dips as long as the support holds.Hello traders, in my previous EUR/USD idea, I recommended
buying EU@1.0460 level. If you followed that, you made over
170 pips profit as EU reached 1.0640 level.
Currently, EUR/USD is in the vicinity of the 1.0550 level. The current
dip seems like a buying opportunity to me. In fact, I already
bought EU@1.0495 on Friday.
I recommend buying the dips in EUR/USD as long as price stays in
the support zone. The initial bullish target would be 1.0740.
Eurusdlongsetup
EURUSD 4hr TFEURUSD - Favorable Conditions for a Long Position
The EURUSD pair is currently showing promise for a potential long trade, following a breakout from its previous trading range. The market sentiment has turned bullish. Meanwhile, the Dow Jones is displaying a bearish trend, coinciding with my area of interest. It's essential to consider the ongoing geopolitical tensions in Israel as they may impact market dynamics
EURUSD - D1EURUSD
Locally, you can consider buying from these levels (1.06385). The price may begin a correction after a strong impulse (1st wave), which could potentially indicate the beginning of the 2nd wave. If this is a corrective movement, the target can be considered in the area of 1.09480
Local Targets - 1.08560
What can you expect?
Entry from the level of 1.05450 can be considered a big risk, since there is no understanding that the structure has formed for correction. The least risk is waiting for the level of 1.06385 to be broken.
It is better not to take increased risks; a correction is being traded. Cancellation of the idea from level 1.04490.
Targets 1.07590 - 1.08305 - 1.09480
Looking for buyersThe trend is still strong downtrend, but maybe will make some correction from minor support to testing again the SNR zone. Buying side are still weak, too choppy candles movements on H1 but on H4 market structure broke the minor swing high (choch), even on M15 candles also printing weak buying. Trade counter the trend on higher time frame is always risky, so I'll consider use smaller lot size.
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.
WXY correctionHello ladies and gentlemen :)
I couldn't make a prediction yesterday for Tradingview, but even though I could predict the move, I missed the reaction area by only 3 pips and couldn't get my short trade. I think the last breakout started the main correction of the WXY move with a nice example of an impulse move. I expect it to move to the orange zone below, as I show on the chart.
Tomorrow I will look for a long position in the area shown in red. After around 1.0550, I watch the movement and expect it to continue until around 1.0580.
In the London session, inflation data will come first from France and then from Spain. According to expectations, I think it supports my main scenario.
If you like my analysis, do not forget to support. Your likes make me very happy :)
Good luck to everyone.
EURUSD Long Term Buy Trading IdeaHello Traders
In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUAD 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
EURUSD BUYHi, According to my analysis of EURUSD pair, there is a good opportunity to buy as the pair exits the pitchfork. We also notice the break of support and resistance at the level of 1.06100. All of these factors confirm the control of buyers. For further rise towards the level of 1.07550. good luck for everbody
Bullish in the short term.Resistance Level 2: 1.0700
Resistance Level 1: 1.0650
Spot price: 1.0605
Support bit 1: 1.0560
Support bit 2: 1.0500
Yesterday on Tuesday (October 10), the euro rose 0.32% against the US dollar to US$1.06; the US dollar index =USD, which measures the US dollar against six other currencies, fell by about 0.15% to 105.79, which is far lower than the 11-month high set last week. High 107.34. Atlanta Fed President Bostic's latest remarks said the Fed does not need to raise interest rates further. Bostic told the American Bankers Association that the Fed's policies are already restrictive enough, and he also believes there will be no recession in the future and that the Fed's interest rate hikes will lead to an economic slowdown and lower inflation. The comments were made in part in response to the Israeli-Gaza conflict. Continued bloodshed in the Middle East and dovish comments from Federal Reserve officials have dragged U.S. Treasury yields sharply lower. The benchmark 10-year Treasury yield fell to an intraday low of 4.618% on Tuesday from a high of 4.887% on Monday. The market seems to be filled with expectations that the Federal Reserve will stop its interest rate hike cycle. In this market atmosphere, EUR/USD also took the opportunity to continue its recent rebound trend. On the daily chart, the exchange rate has crossed the middle track of the Bollinger Bands channel, and technical indicators have begun to rise, indicating that the euro's rebound potential is gradually gathering. However, due to the release of US inflation data this week, long-term euro trading is expected to be cautious. At the top, we should mainly pay attention to the suppression of the strong resistance level of 1.0650. If it can be broken through, the upward trend is expected to become obvious.
EURUSD 4hr TFIt appears that EUR/USD may have reached a potential low point after being in a bearish trend for 80 days. Currently, it has closed above a recent swing level. I am patiently awaiting a breakout and subsequent retest of the channel before considering a move towards 1.07338. On the other hand, the DOW Jones is beginning to shift towards a bearish trend after 11.4 weeks of bullish activity. This shift may lead to upward movements in gold, silver, and EUR/USD.
There are several converging factors to watch for a buying opportunity once EUR/USD breaks out of the channel.
EURUSD Long Term Buy Trading IdeaHello Traders
In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUAD 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
EURUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are still bearish, so I am looking for a short position. I want price to continue the retracement to take out buy side liquidity and to fill the imbalance higher, then to reject from bearish order block + institutional big figure 1.07000.
Fundamental analysis: Upcoming week we have a lot of news on USD, on Wednesday will be released monthly PPI followed by FOMC Meeting and on Thursday monthly and yearly CPI. I expect we can see a decrease on CPI, which means strength of currency.
Like, comment and subscribe to be in touch with my content!
EURUSD Analysis BULLISH Trend (4H-TF)EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for more than 40 day. It seems it will be going in bullish trend in upcoming week. trade might take 10-15 days to achive the target.
Reason :
Bullish Enugelfing candle from Strong Support level.
Taking support at support zone of 1-D timeFrame.
Very heavy volume takeover by bulls from fakeout to inside Zone.
Verdict :
Bullish trend seems to start
Plan of action:
Buy: 1.05968
SL: 1.05140
Target: 1.09893
EURUSD about to test nearest resistanceEurusd is about to test nearest H4 resistance & SBR zone. Will it rejecting or will breakthrough? Daily candle showing bullish momentum. H4 Supply zone & daily FVG already filled during NFP news yesterday, going down to H4 Support but then change direction going up, break the H4 Supply zone. I expect it will break the downtrend channel. Buy if pullback occur to H4 Support or H1 Support zone. Waiting..
EURUSD 06/10 MovePair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame if it Breaks the Upper Trend Line then it will Reach Daily Demand Zone or Daily Descending Trendline and If it Breaks Daily Trendline then Long after Break of Structure with Divergence
EUR/USD looks set to extend its countertrend moveEUR/USD has managed to retrace further from its YTD low during Thursday’s Asian session, and it looks set to extend its countertrend move (assuming yields retrace lower). A bullish RSI divergence formed ahead of the recent lows, and momentum has turned higher, and it looks like EUR/USD now wants to reach for the 1.05570 – 1.0600 level, near the weekly pivot point, trend resistance and 1.0600 handle.
Beyond that, we can reassess its potential to either continue higher or form a swing high and revert to its bearish trend. Given the dominance rising yields have had on market in general in recent weeks, it really is down to how the bond market performs as to what we see here on the euro chart.
EUR/USD back above 1.05, time for a change in trend?Hello traders, I know most of you have been waiting for EUR/USD to
reverse from bullish to bearish. However, for more than 10 weeks now,
EUR/USD is a prolonged downtrend and we are seeing lower prices
every week.
That being said, EUR/USD has climbed back above the crucial psychological
level of 1.05. If price breaks the 1.0520 level(hourly moving average)
and continues to stay above it, there would be some hope for the bulls.
Beyond that, a strong test for the bulls lies at 1.0610. If price breaks this level,
we can expect a trend reversal. I would recommend traders to keep these
few key levels in mind while trading EUR/USD.
EURUSD MID-WEEK ANALYSIS-24/09/2023EUR/USD: Seizing Bullish Opportunities Amid Market Shift
A noticeable shift in market behaviour on EUR/USD, especially on the lower timeframes, has prompted me to shift my focus towards potential buy opportunities. Join me as we explore the emerging bullish outlook for EUR/USD and adapt our trading strategies to these evolving market conditions. Stay tuned for further insights and updates! 📈🌐 #EURUSDTrading #BullishOpportunities #MarketShift