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Eurusdlongsetup

EURUSD BuyThe EURUSD pair shows new positive trades to surpass 1.0900 barrier and settles above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting for more rise to head towards our next target at 1.1032. The EMA50 continues to support the suggested bullish wave, waiting to get positive momentum that assists to push the price to head towards the expected target, to continue suggesting the bullish trend in the upcoming sessions unless breaking 1.0880 and holding below it. EURUSD h1 price is in an uptrend. In the short term, it is possible that the pair will accumulate sideways in the 1.0930-1.0970 zone and then break up. Recommend waiting to buy to 1.0930, SL: 1.0880, TP: 1.1000
Long
by VTmarkets
1
4/4 EURUSD Trading Strategy From the 1D chart of EURUSD, we can see a pattern resembling a U-shaped bottom, with three bottoms around 1.05. Currently, it has reached the phase resistance level, but the pattern is not yet complete. The strong resistance level should be around 1.098-1.1. It is not difficult to see from the 30m chart that there is support around 1.091-1.088, and 1.086 is a strong support level. Therefore, the trading strategy should be to long at the tested support level.
Long
by EagleEyeStrategy
1
EURUSD BuyOn the chart, the MACD and RSI signal lines are both sloping up. Notably, the RSI has not yet entered the overbought zone. Another factor supporting the uptrend is the fact that the price has broken through the confluence between the 21- and 50-day MA (currently around 1.0725 - 1.0730). Therefore, EUR/USD is fully capable of breaking through the 1.0930 mark as well as the key resistance levels formed since the end of January. The year-to-date high at 1.1033 will be the next hurdle before the price can approach the 61.8% Fibonacci level of the November 2022 - March 2023 price trend (currently around 1.1190) Meanwhile, if the price falls below the aforementioned 1.0725 - 1.0730 confluence area, the downside momentum cannot be confirmed, especially as the uptrend line (currently located around 1.0630) is acting as a support level. for buying power. In the event that EUR/USD breaks below 1.0630, prices are likely to head towards the March low at 1.0548. EURUSD long term trend is still bullish. Currently on the h1 chart, the price is at an important resistance area, so today it is possible that the pair will have a deep correction before continuing to move up. Recommended to wait to buy when the price returns to 1.0830, SL: 1.0780, TP: 1.0950
Long
by VTmarkets
EURUSD - Still bullish ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: I am still bullish here as I see price to take buy stop liquidity and to fill the imbalance higher before the drop down. For shorts I will look only if price change the character. Fundamental analysis: We have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
3
EURUSD: The bears will approach the support zone!The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the continuation of the downtrend. No information has been omitted from the original text. Therefore, the EUR/USD quotes are set to test the confluence of the 1.0730 support level consisting of the DMA 50 and DMA 21 lines as traders start the important week. Overall, EUR/USD is likely to fall further but the retracement range below 1.0730 appears to be limited.
Short
by Sphyn-Trader
2
Characterised by inefficiencyEURUSD The 4h supply mitigation led to a one direction movement decrease, price filled this inefficiency in a corrective manner by a bullish uptrend. Price managed to break the structure and made a young pull back to the breaker block which then increased all the up to create the highest peak. The market aggressively dropped and mitigated the demand zone in a dominant bearish manner that created yet another inefficiency. Price the shot all the up to correct this imbalance, noticed a slight rejection from the fair value gap then price continued to rise. The peak was respected as a supply zone, price did not provide the satisfactory liquidity sweep, formed a minor distribution phase and dropped to imbalanced demand zone. With this hammer candlestick the market is showing a high possibility of driving price all the way up to make the awaited liquidity sweep…
by tokelohomi
4
EURUSD: Upward pressure continues!On Thursday, the EUR/USD pair is steadily progressing and is close to reaching the 1.0900 level before Wall Street opens. Investors remain optimistic as news related to banking has reduced and the aggressive monetary tightening case has weakened. According to recent news, Federal Reserve Chair Jerome Powell revealed the central bank's expectation of one more rate hike during a private meeting with US lawmakers, but this was before the banking crisis and had little effect on financial markets. Inflation data from the Eurozone added to the positive sentiment as it indicated a further decline. The initial report on the Harmonized Index of Consumer Prices showed a 3.1% YoY increase in Spain for March, compared to a 6% increase in February. In the same period, the German HICP rose 7.8% YoY, down from 9.3%. Meanwhile, the final revision of the Q4 Gross Domestic Product in the United States remained at 2.6%, slightly lower than the previous estimate of 2.7%. Initial Jobless Claims for the week ending March 24 were 198K, which was below market expectations. Later in the day, attention will turn to the speeches of several Fed speakers and Treasury Secretary Janet Yellen. The EUR/USD pair is trading close to its highest point of the day, and the daily chart indicates that it is consistently achieving higher highs and higher lows. It has surpassed bullish moving averages, and the Momentum indicator in the same timeframe is consolidating at positive levels. The Relative Strength Index (RSI) indicator is also showing a strong bullish trend at around 62. Based on the 4-hour chart, technical indicators are almost vertical and reaching overbought levels, suggesting a potential for upward extension. The 20 SMA is providing intraday support at 1.0830 and is widening the gap with the bullish 100 and 200 SMAs, which are over 100 pips lower than the former. Support levels: 1.0875 1.0830 1.0790 Resistance levels: 1.0910 1.0950 1.1000
Long
by Sphyn-Trader
1
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 1.0619 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. - After that, EURUSD can go up to 1.2000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
EURUSD LONG OR SHORT???‼️We, the FxShzd team, are back with an update on our previous analysis of the EURUSD pair. As an always-interesting asset, the pair has continued to display precise movements, responding well to each support and resistance level. Our team has identified new supply areas, presenting an attractive short-term shorting opportunity. Notably, our first supply area contains a significant amount of liquidity just above, which we expect to capture before the price experiences a substantial directional shift at the subsequent supply zone. To increase trading potential, we always look for confirmational entries in lower timeframes, especially after a BMS. Should we identify a favorable entry point, we will share it with our followers via prompt updates. To stay up-to-date with our analysis and ensure you do not miss any trading opportunities, we encourage you to follow our updates closely. Thank you for entrusting us with your trading endeavors.
by FxShzd
EURUSD LONG After analyzing the EUR/USD chart, it is evident that the currency pair is currently in a bullish move, as it broke the previous high and forming new higher highs. However, we anticipate a minor correction before the pair continues its upward momentum. We have identified a key level of supply and demands which detemined supply is for 4H. these areas are crucial to monitor for potential trading opportunities, especially for those looking to long the pair. If you have any questions or comments regarding this analysis, please feel free to share them with us. We always welcome feedback and additional insights from our readers. Overall, we remain optimistic about the outlook for the EUR/USD in the near term, but as always, we advise traders to exercise caution and ensure they have a solid trading plan in place before entering any positions.
Long
by FxShzd
9
EURUSD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here price rejected from bearish order block so I started to look for shorts. I have 2 points of interest, for both of them I expect firstly price to fill the imbalance and then to reject from that zone. Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
EURUSD BuyThe Federal Reserve (Fed) raised its key interest rate by 25 bps as expected to 4.75% -5.00%. The vote was unanimous. They dropped the forward guidance, mentioning that “some additional policy firming may be appropriate”, instead of “ongoing increases in the target range will be appropriate”. In a few minutes, Chair Powell's press conference will begin. The US Dollar dropped sharply boosting the EUR/USD to the upside. Markets are looking at the decisions as a “dovish hike”. Wall Street indices printed fresh highs. The improvement in risk sentiment weighs on the US dollar. EURUSD h1 price is in an uptrend. However, now traders need to wait for another short correction of this pair to have the best buying opportunity. Recommend waiting to buy around 1.0820, SL: 1.0770, TP: 1.0950
Long
by VTmarkets
1