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Eurusdlongsetup

GBPUSD: - A Detailed Analysis of Market Structure and FibonacciWelcome to my TradingView profile! In this article, we will embark on a journey together to explore the intriguing prospects of EURUSD, guided by the fundamental principles of market structure and Fibonacci retracement. I invite you to join me in analyzing one of the most traded currency pairs. Our primary instruments will be market structure, the identification of the trend direction, and the application of Fibonacci levels. We will delve into how these factors can provide meaningful insights for making informed trading decisions. he inclusion of detailed charts and illustrations will aid in visualizing the discussed concepts. We will explore key Fibonacci retracement levels and how they interact with the overall market structure. This will be an informative article, focusing on understanding the market context and applying fundamental concepts of technical analysis. The goal is to provide a clear perspective and stimulate critical thinking within our trading community. If you find this analysis valuable, I encourage you to subscribe to stay updated on my latest posts and market analyses. This is just the beginning, and subscribing will allow you to be among the first to receive updates and trading ideas. Feel free to make any adjustments or let me know if there's anything specific you'd like to modify!
Long
by ICTBulletFX
EURUSD: The USD fell as expectations of interest rate cuts increThe U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. Market participants are keeping an eye on the timing of the U.S. Federal Reserve's interest rate cut. The futures market indicates that there is an 89% probability that interest rates will be cut by March 2024, and it has been pointed out that there is a possibility that interest rates will be cut by March next year. Despite these forecasts, some analysts, including those at Monex USA, have expressed skepticism about the Fed's willingness to ease early, saying the dollar could appreciate if the expected rate cuts do not materialize. suggested. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Analysts at Monex USA highlighted the unstable economic situation in Europe and the United Kingdom, predicting that their central banks could cut interest rates before the Fed. The euro rose 0.09% to $1.1113, close to a five-month high and posted a 3.7% annual gain, its best performance since 2020.
Short
by Chart_MasterPro
💡 EURUSD: Forecast December 26EURUSD has breached the 1.10 level, but we cannot yet consider this a breakout because selling pressure has also reappeared, shown by a notable Doji pattern on the daily frame. You temporarily stop trading, pay attention to the tops and bottoms of this model. If it breaks to the bottom, it will likely create a peak in the short term, and the reversal traders can consider returning. In case the price breaks the top of the pattern, meaning it has been invalidated and confirmed the breakout, then trend followers can consider entering an order and targeting the upper border of the rising price channel.
Short
by Stone_Haven
4
EURUSD Longs from 1.09550 or 1.09200I anticipate EURUSD to wait for a decline in selling pressure and for the price to enter a demand zone, providing an opportunity for an upward buy. Currently, my focus lies on the two 5-hour demand zones that triggered the recent CHOCH. This bias is more favorable as it aligns with the existing bullish trend in the EURUSD market. Despite my overall bearish outlook on this market, the ongoing bullish rallies remain robust. Furthermore, I anticipate further upside in the market to eventually reach a more premium supply zone. Confluence for EURUSD Buys are as follows: - Lots of liquidity left above in the form or trend lines and asian highs. - Two demand zones on the 5hr time frame that has caused a CHOCH to the upside. - This idea aligns with the temporary bullish trend that EURUSD has generated. - Selling pressure is slowly getting exhausted and is pending an accumulation. - For price to continue going higher and create a new leg it must react off a near demand. P.S. The price has responded to a 50-minute supply zone, initiating bearish momentum. Now, I am anticipating the price to descend and undergo accumulation within the specified zones I have identified. Comment your thoughts below and let me know what you guys think of EURUSD's current price
Long
by Hassan_fx
EURUSD: The dollar is weakening amid rising expectations for a r The dollar is currently volatile against most major currencies as market sentiment has been hit by expectations that the US Federal Reserve could start cutting interest rates. The exception remains the Japanese yen, which maintains its position against the dollar even after the Bank of Japan's decision to continue its expansionary monetary policy. Fed officials sought to manage market expectations after last week's Federal Open Market Committee meeting hinted at the possibility of a rate cut in 2024. This outlook has led to a rally in financial markets, with current expectations based on the CME FedWatch tool putting the probability of a rate cut at the March Fed meeting at 67.5%. Kyle Rodda, Senior Financial Markets Analyst at Capital.com, said the Fed now has to decide on countermeasures that could be consistent with market expectations or lead to market instability. said it is necessary to do so. Atlanta Fed President Rafael Bostic reiterated Tuesday that he expects two rate cuts in the second half of this year, but stressed there is no need to take immediate action. At the same time, Richmond Fed President Thomas Barkin noted that the central bank's ability to lower interest rates depends on economic development. The dollar index, which compares the greenback against a basket of other currencies, was little changed at 102.20, after earlier falling more than 0.3%. The index hit a four-month low of 101.76 last week. Rodda also said that upcoming economic data will be important in determining the dollar's direction, indicating whether the expected rate cuts next year are justified. Investors are currently awaiting the release of the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, which could provide insight into whether inflation has slowed enough to warrant easing. may be provided. Will politics start next year?
Short
by Chart_MasterPro
2
EURUSD Longs from 1.08000 up towards 1.10500The bias for the EUR/USD this week remains bullish, given the recent downward break in the DXY (Dollar) structure. Currently, the price has responded to a supply zone, leading to a partial retracement. My anticipation is for the price to continue its descent towards a demand level, creating an opportunity for me to consider buys within the ongoing bullish trend. The demand zones identified on the 10-hour and 2-hour charts triggered an impulsive upward movement, leaving an imbalance. Recognising this pattern suggests that the price is likely to revisit these levels and react in a bullish manner. Confluences for EURUSD Buys are as follows: - DXY (dollar) continues to break structure to the downside indicating that EU will rise. - Lots of liquidity to the upside that hasn't been taken in the form of asian highs and trend lines. - Demand zones haven been left on the 10hr and 2hr below the levels of imbalances. - The price also responded to a near by 23-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. Additionally, I acknowledge the possibility of the price ascending and reaching the Asian high, which is in close proximity to the current price. Should this occur, my expectation is for the price to respond to the refined supply on the 50-minute chart above it, or potentially rise further to establish a more favourable sell opportunity. I would also love to hear you guys thoughts on this pair so be sure to leave a comment!
Long
by Hassan_fx
EURUSD Long Term Sell 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
by ForexPlanet20
Holding sells in EUR/USD, target 1.09 and 1.08, you sold too?Hello traders, if you look at the 4hour chart in EUR/USD , you will notice that price has pulled back after touching the resistance level. In my previous idea, I already sold after EURUSD touched the 1.1005 level. Currently a little over 50 Pips profit . However, looking at the price action, it seems EUR/USD can fall a lot more. If the bearish price action persists, I expect 1.09 and 1.08 levels to be in the picture over the next few days.
Short
by YourLazyTrader
2
EURUSD: EUR/USD holds steady at peak, awaiting PMI data.The main movement of EUR/USD this week was driven by statements expressing the views of the Fed and ECB with a strong increase from 1.0800 to the important resistance level of 1.1000 yesterday. This makes this currency pair face a rather interesting situation when Eurozone PMI data will be published this afternoon. Does the above data support the ECB's stance of "keeping interest rates higher for a long time"? Or will it pressure central banks to act faster next year? Additionally, another factor to consider is the Fed's ability to cut interest rates. The odds of a rate cut in March are currently around 80%, so there won't be much room left to exploit this story on the USD side. However, for the ECB, the rate of a cut in March is currently only 55%. Therefore, any change in this possibility will depend on upcoming data with PMI being reliable data in forecasting the economic outlook. Another factor to note: Today is the options expiration date for EUR/USD at 1.0950. This price level will help the pair be more stable in case any downward pressure occurs.
Short
by Chart_MasterPro
EURUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: As I expected in my previous analysis price made a retracement and almost filled the imbalance. Now we can see a rejection from bullish order block, so I expect bullish price action upcoming days. Fundamental news: Upcoming week on Tuesday we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate in Europa. News with important impact on both currencies. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
EURUSD DISTRIBUTION TYPEPrevious ideas was on buying/accumulation phase, if you wait for the zone on future buyzone you can still trade this for a buy, for this week ideas, I will be watching the price if goes to the previous week highs. not trading or buying unless it gets go down there on my future buy zone. For scalpers still a buy, market manipulations can happen all the time. wait for the banks for their money moves. Not type of buying falling the knifes or riding the pump, we wait for the best trades . COnfirmation on lower timeframe at the best at 5min TF. This is not a financial advice. I will update this idea if price goes below or reach our target highs. Follow for more weekly and daily updates on FX/forex pairs.
by D1GITALTRADES