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Eurusdoutlook

EURUSD Longs from 1.08000 back upCurrently, EURUSD has been in a prolonged range, gathering significant liquidity. Given the current state of equilibrium, I am not actively seeking trades at this moment. However, I anticipate a potential move to unfold, continuing the bullish trend. For now, I will be patiently waiting for a breakout before considering any trading opportunities. There is another plausible scenario where price breaks above to mitigate the 10-hour supply zone, leading to a bearish reaction. This possibility is valid, considering the imbalances just below that need filling and liquidity that requires sweeping. My confluences for EURUSD buys are as follows: - A 10-hour demand zone below triggered a new CHOCH to the upside. - The overall short-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - I also expect the dollar to keep dropping indicating that EU will keep going up. P.S. As price is still considerably distant from any nearby Points of Interest (POI), I am content to wait patiently and refrain from taking any immediate action until price triggers one of the levels I am monitoring. Have a great trading week ahead!
Long
by Hassan_fx
6
EURUSD: Swing Sell Coming in| have a patience for it to happen|FX:EURUSD overall EU remain bearish after it rejected at previous high, EURO failed to gain control even after DXY plummeted, looking at the chart in 2 hour time frame, we expected price to rise up to fill the liquidity void and in that area we think there is huge amount of interest from sellers side. what do you think of EURUSD do you think it will drop? Please like and comment your views let's discuss different bias.
Short
by Setupsfx_
❓EU:wait more confirmation and development. Overall bullish now❓Since the last outlook, we saw some bullish development on EU. However the price delivery was not very clear, so I stayed out of this market. Current update is in the chart and please feel free to send your questions below. ☝️Dear traders, no one here has superpowers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌
Long
by Yelli_trades
2
EURUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023 Market Update: A Shift in EUR/USD Sentiment As anticipated, we witnessed a small pullback in EUR/USD, hinting at a bearish trend resumption. However, the market structure has taken an unexpected turn. Heading into next week, I'll be shifting my focus towards long positions. Stay flexible, adapt to changing conditions, and, as always, manage risk diligently. 🚀💹 #EURUSD #Forex #TradingView #TradingStrategy THIS IS THE SAME FOR ALL THE OTHER MAJOR PAIRS
Long
by Dion-FX
EURUSD 4H : Try to drop EURUSD New forecast The EUR/USD pair is showing slight negative trading now, indicating a trend to resume the expected downward trend for today, which targets the 1.0892 and 1.0808 levels as the next main station. Therefore, we will continue to favor the bearish trend during the coming sessions, supported by the negative pressure formed by the moving average 50 unless the 1.0956 level is breached and holds above it. The expect range trading for today it will be between the resistance line 1.0956 and support line 1.0808. resistance line : 1.0956 , 1.1012 support line : 1.0892 , 1.0808 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
4
EUR's Unlocked Bullish Potential Plus Bearish Scenario[EURUSD]Dear Esteemed Investors, I'm sharing the results of my news trading method with you. By now, all of you know I'm using AI natural language processing to weight world news and cross-check against popular sentiment indicators like DSI and DSIE. Standard DSI/DSIE signals an optimistic outlook for the EURUSD market. It means that the possibly influential investors believe in the EUR. I've extended these analytics with machine-learning deep neural nets that implement the mentioned natural language processing. Here are some of the crucial results. The US dollar index has been trending lower in recent weeks, which has provided support for the EURUSD. This weakness results from the expectations of further interest rate cuts from the Federal Reserve. The central bank tackles slowing economic growth. Positive economic indicators from the eurozone, such as powerful industrial production and retail sales, have boosted investor confidence in the region's economic outlook. It has contributed to increased demand for the euro and a firmer EURUSD. Geopolitical tensions reduced, particularly regarding the Ukraine crisis, has created a more conducive environment for risk-on assets like the EURUSD. It has led to increased investor appetite for euro-denominated assets. However, rising inflation in the eurozone has raised concerns about the European Central Bank's ability to maintain its loose monetary policy. It has put downward pressure on the euro and weighed on EURUSD. Persistently high energy prices are putting a strain on eurozone economies, potentially leading to slower economic growth. It could dampen demand for the euro and weaken the EURUSD. If the Federal Reserve raises interest rates faster than you expected, it could widen the interest rate differential between the US and Europe, making the dollar more attractive and weakening the euro. Ongoing geopolitical tensions and possible global recession could negatively impact investor sentiment and dampen demand for the euro and the dollar. It could create volatility and uncertainty in the EURUSD market. The EURUSD outlook remains mixed, with bullish and bearish factors at play. While the weaker US dollar and positive European economic data have supported the euro, rising inflation, energy price concerns, and the possibility of faster US interest rate hikes pose potential headwinds. Ultimately, the direction of the EURUSD will depend on the relative strength of these factors and the evolving global economic landscape. In objective numerical, MACD and RSI positively move on the bullish side under the chart. The indicators align with an ongoing bullish signal on them. The previous forecast started on 12 Dec 23 when I took a profit from my 30 Nov 23 short and wrote a bullish outlook. You can find these forecasts on the chart with the related ideas. I traded according to the same logic. So, I had and still have a long since sharing the latest forecast. I believe that the price can continue the bullish rally until $1.111. It's on the resistance line from historical tops under the short ideas on the left side of the chart. I marked the target zone with a green rectangle. If the price retraces, the $1.098 and $1.089 levels could act as support. While the bearish scenario is possible, probabilities point towards a bullish continuation. Disclaimer: The success of my historic forecasts doesn't guarantee your future results. It's not an investment advice. Do your research. I wrote the analytics for entertainment purposes. Kind regards, Ely
Long
by Elysian_Mind
2
💡 EURUSD: Forecast January 3The buyers were unable to hold the 1.10 resistance zone as the selling pressure rapidly increased, penetrating this resistance with a very strong force. It is likely that the price will continue to go down with these developments, the target is The next step will be around the lower border of the rising price channel. Trend followers patiently wait. If there is a notable price increase signal in this area, then they should consider entering new buying positions.
Short
by Stone_Haven
Analyzing the EUR/USD: Anticipating a Bearish Move Towards 1.07 In the current market scenario, there's a keen interest in the EUR/USD pair as it exhibits a potential bearish move. The price trajectory is notably approaching the crucial 1.07 level, following the formation of a distinctive right shoulder pattern. Traders and analysts are closely monitoring this pair, anticipating and analyzing any forthcoming downside movements in the coming days. Stay tuned for insights and updates as the market dynamics unfold.
Short
by ManilaFXTrading