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Eurusdlongsetup

EUR/USD breaks resistance, 1.0972 next?Dear traders, EUR/USD has finally broken through the 1.0780 resistance level that I have been talking about in my previous ideas. Also note that price has broken and settled above the dynamic resistance in the 4Hour chart . So, the confluence of these two factors give us a bullish bias in EURUSD. That being said, we have US CPI data in a few hours which might lead to volatility in EUR/USD . So, I do not recommend any fresh positions in EUR/USD. However, if price does fall below 1.07 again, I would consider that a buying opportunity as long as the support stays intact with my initial target at 1.0972.
by YourLazyTrader
26
CUP AND HANDLE ( EURUSD) POSSIBLE BULLISH MOVEMENT (UPDATE)The target of this pattern is measured by the depth of the cup , by measuring we see that price might continue on this bullish run to 1.11690 which also happens to be an important resistance from which the markets made a rally to the downside back in 31 march 22. Fundamentals are also on the EURO side as Europe exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle. one should look for possible retracements during the bullish rally to join bulls . MAY THE MARKETS BE WITH YOU
Long
by KILLCAD
EURUSD: Things you need to know!Fundamental analysis: The support and resistance zones are effectively fulfilling their role, as usual, by eliciting a response above the gold price line. The RSI indicator indicates that liquidity is slowly accumulating, which suggests a potential reversion to a downtrend. Market overview: The EUR/USD rose again, posting its highest daily close in a month above 1.0800, despite the US Dollar's recovery triggered by the hawkish hold from the FOMC. Attention now turns to the European Central Bank (ECB) meeting and upcoming US data, which could become more relevant given Fed Chair Powell's statement that the July meeting will be a 'live' meeting." The ECB will have its Governing Council meeting on Thursday. It is expected to hike interest rates by 25 basis points. The key for the Euro will be the language used in the statement and ECB President Lagarde’s comments during the press conference. Probably, she will repeat that they are not done raising rates. If the meeting turns out to be 'dovish', with signals of a potential pause, the Euro could suffer.
Short
by Sphyn-Trader
3
EURUSD - Good 150pips SETUP here!!! EURUSD showed some Sign of Strength last week and now we expect a continuation for the last IMPULSE leg. We expect EURUSD to pullback to 800ema and fake out a little bit and at this point we expect DXY to be hovering around BASELINE on its H4 (Check previous post) before we take our ENTRY on EU. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG when EU reaches 800ema or fakes out below the 800. INVALIDATION If EU drops below the initial SL level on the HS indictor on H4, exit all POSITIONS. TARGETS If LONG gets triggered we are looking at D1 BASELINE for a clean TP P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
2
EUR/USD best level to buy + 267 PipsDear traders, after the bearish move for the last 1 month, EURUSD appears to be consolidating. A minor support at 1.0660 has been created and EURUSD is currently consolidating in a small range. However, since price has fallen below the 100-day EMA, bulls need to be a little careful . That being said, 1.0660 appears to be a good point to buy if price doesn't breach this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06 and initial TP at 1.08 . Long-term traders can keep their final TPs at 1.11.
by YourLazyTrader
22
EurUsd -> Initiating The ReversalHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd is currently approaching a quite obvious previous weekly support area at the $1.065 level which is acting as support again. You can also see that weekly moving averages and market structure is still bullish, EurUsd is also retesting the lower support of a rising parallel channel so I simply do expect some consolidation at the current level and then a rejection away towards the upside. On the daily timeframe you can see that EurUsd is still creating bearish market structure but it seems like there is support at the $1.07 level so I am now just waiting for a break above the next resistance at $1.077 and then I do expect a rally towards the upside from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
56
EURUSD: Tumultuous week!Overview of the market On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670. In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
Short
by Sphyn-Trader
1