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Eurusdlongsetup

EURUSD: Next goalFundamental Overview Despite the bets for more rate hikes by the European Central Bank (ECB), the shared currency, EUR/USD, is not getting any respite. ECB President Christine Lagarde has warned that stubbornly high inflation needs to be curbed, and there are factors that can cause significant upside risk to the inflation outlook. However, this announcement does not impress investors or support the EUR/USD pair. Investors are now waiting for the ECB Bulletin for some impetus, while keeping an eye on Fed Chair Jerome Powell's appearance later this Friday. EUR/USD holds gains above 1.0800 amid weaker US Dollar, yields Plan trade in the intro
Long
by Sphyn-Trader
3
EURUSD one more upside leg coming EURUSD Analysis: Oversold Conditions Suggesting Potential Rebound The EURUSD currency pair has recently been displaying signs of being oversold on both the weekly and daily timeframes. This indicates that the selling pressure on the pair has been excessive, potentially setting the stage for a significant rebound in the near future. On the weekly timeframe, the EURUSD has been in a downtrend, with the price steadily declining over the past several weeks. This downward movement has pushed the pair into oversold territory, as indicated by technical indicators such as the Relative Strength Index (RSI) and the Stochastic oscillator. These indicators measure the strength and momentum of price movements and provide valuable insights into overbought or oversold conditions. The RSI, for instance, measures the speed and change of price movements and ranges from 0 to 100. A reading below 30 is considered oversold, suggesting that the selling pressure may have been excessive and a reversal could be imminent. Similarly, the Stochastic oscillator compares the closing price of an asset to its price range over a specific period, indicating potential overbought or oversold conditions. When the Stochastic oscillator drops below 20, it signals that the asset is oversold. When analyzing the daily timeframe, we observe a similar pattern. The EURUSD has experienced a downward trend with successive lower highs and lower lows. This consistent decline has also pushed the pair into oversold territory, raising the possibility of a price correction in the near term. Considering these oversold conditions on both the weekly and daily timeframes, traders and investors may anticipate a reversal or bounce in the EURUSD pair. If such a rebound occurs, it could lead to a substantial upward movement in the exchange rate. Identifying potential target levels for the rebound, we can look at key support and resistance levels or previous price levels of significance. Target 1 could be set at 1.117, which represents a previous support level that could now act as resistance. If the pair manages to break through this level, it could open the door for further upside potential. Target 2, on the other hand, might be set at 1.134, another notable resistance level where price could encounter significant selling pressure. Reaching this level would indicate a more substantial recovery for the EURUSD pair, potentially providing profitable trading opportunities for those anticipating such a move. However, it's important to note that market conditions can change rapidly, and technical indicators are not foolproof. Traders should always employ risk management strategies and consider multiple factors, such as fundamental analysis and market sentiment, when making trading decisions. In conclusion, the EURUSD currency pair currently exhibits oversold conditions on both the weekly and daily timeframes. This suggests that the selling pressure has been excessive, potentially paving the way for a significant rebound in the near future. While target levels of 1.117 and 1.134 can be identified, traders should exercise caution, use risk management techniques, and consider other factors before making trading decisions.
Long
by EIP-EverythingIsPlanned
EURUSD - Bullish leg begun?In our last EURUSD idea we called the bottom of the move within 10 pips before an 80pip move up. By the end of play on Friday price retreated slightly, respecting the upper boundary of the downward channel. Are we likely to continue to move down within the downward channel? While there's a good likelihood that will happen, there isn't a great entry on the short side, with support just below. We may see a nice long setup play out though, if Monday sees a bullish push, for a break above Friday's high and breaking out of the downward channel, that would give a lot more confidence that this wasn't just a channel retracement but the start of a new bullish wave. Setting targets in the 1.096 area would allow us to craft a nice high R trade.
Long
by HayeTrading
13
EurUsd -> Make It Or Break ItHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd is currently retesting a quite obvious previous weekly support/resistance area which is now turned support at the $1.087 area. You can also see that weekly moving averages are bullish, EurUsd is also still creating bullish market structure and also retesting the lower support trendline of a rising channel, so I definitely do expect a short term rally towards the upside from here. On the daily timeframe you can see that we are also currently retesting previous daily support from which we could definitely see some rejection towards the upside, we do NOT have bullish confirmation in my opinion yet, so I am now just waiting for a good entry point and then I do expect a retest of the next structure level at the $1.096 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
41
EURUSD: downtrend!Technical Overview The EUR/USD has been showing a negative trend since May 5, and Monday's slight improvement has not changed this trend. The immediate resistance level is at 1.0900, which is a horizontal level and the EMA-34 in 4-hour charts. If the Euro manages to go above this level, it could reduce the bearish pressure. However, to change the short bias from bearish to neutral/bullish, it must cross the downtrend line that is currently at 1.0950.
Short
by Jiren-SphynChannels
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0756 below. At the moment, there is quite a down side bias in the market for EUR. - After that EURUSD can go up to 1.1200 LEVEL according to the structure. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going DOWN, there will be more EURUSD SELL. So keep an eye on it.
by benny_marshall
EURUSD: Entry sell!Fundamental Overview Mario Centeno, a member of the ECB Governing Council, stated on Wednesday that the policy will continue to be strict for a while longer but indicated that interest rates ought to begin to decrease at some point in 2024. According to Bloomberg, some members of the ECB are suggesting that a rate increase may be necessary in September. This situation implies that there will be rate increases in both June and July. Predicting continuation of downtrend
Short
by Sphyn-Trader
3
long position for eurusdeurusd have had a great and massive bearish trend lately but I think getting close to this supply box would make eur's trend slightly balanced and then if the approaching is quiet balanced with no big momentum, we can have a good long position here. ⚠️ Notice: I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards. Good luck ❤️
Short
by mirzaeiamirsoheil
2
EUR/USD appears to be reversing, will it drop below 1.08?1.1080 appears to be a strong resistance for the Euro Bulls. There has been 3 attempts to breach this resistance, yet the bulls have failed to break it. Price has dropped quite a bit since then. Looking at the price action in the daily chart, it seems the trend has changed from bullish to bearish and we are currently in the reversal phase. So, I would recommend traders to look for sell entries in EUR/USD. The first level of interest would be 1.0780. If price breaks below this level we would see further decline towards 1.0530.
Short
by YourLazyTrader
15
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - University review euro market operates without sentiment. And connecting online, it is possible to create a positive feeling with positive emotions. NFP report. FOMC mobile phone. Increase the feeding rate and increase the ceiling rate. Necessary meeting is underway to monitor federal inflation data. - Market structure EuroUSD review 1.0836 support level review. There is a market bias for the euro university market. - EURUSD 1.1200 level structure online. Market sentiment shares and commodities sell below EURUSD. So pay attention to it
by benny_marshall