Get started

Eurusdoutlook

EUR/USD to 1.0940 next week? A bearish perspectiveHello traders, EUR/USD has been on a uptrend fueled by some low-volume buying. Next weeks, when the big boys finally return to the markets and the trading volumes go back to normal, there might be a possibility that this entire move is faded. I have sold EUR/USD@1.1120 and I believe we could see a 100 pips fall next week. Technically, the next resistance for EUR/USD liest at 1.1265 level. My advise to you is to trade wisely and apply proper money management.
Short
by YourLazyTrader
EUR/USD breaks out! Real or another false breakout?Hello traders, EUR/USD has finally broken out of the resistance level around 1.1020. In fact, as of now, price has breached the 1.1101 level as well. However, keep in mind that this is a low-volume trading session due to the Holidays. So, it could be a false breakout as well. A week later when normal trading volumes come back, we might see EUR/USD falling back below 1.10 again. I am watching out for potential sell entries in EUR/USD. Technically, the next major resistance lies around the 1.1267 level
by YourLazyTrader
EURUSD: Bullish consolidation? (Part II)In the short term we can say that the FX:EURUSD pair is bullish above 1.0930 (bullish scenario invalidation) on intraday chart. That said, from a technical perspective, we have already reached our previous Target around 1.1040 (see chart/idea below), and from this area a corrective structure should be logical with a potential ABC Pattern. If this idea is correct, the price should return below wave 4 (1.0994) before triggering a new rally. If we look at the 1H chart we see that the Price Action moves within a bullish channel, so the support area could be around 1,098/1,072. In conclusion, if the trend remains bullish, we expect a new consolidation at least around 1.1090 area in the short term. 1.1000-1.1040 TARGET (Click on Chart for details) C.O.T. Analysis (Click on Chart for details) What's you opinion? ...are you bullish or bearish on this pair? Trade with care. Like | Share | Comment
Long
by TheAnonymousBanker
14
EURUSD Technical analysis and Trade IdeaIn this video analysis, we focus on dissecting the movements of EURUSD. We can see that the EU has traded into a significant resistance level. Below the current price level, we pinpoint an imbalance key support zones. Throughout the presentation, we delve into comprehensive trend analysis, intricacies of price action, the underlying market structure, while also briefly outlining a prospective trade opportunity. It is important to note that this is not financial advice and is meant for educational purposes only.
Long
by fxtraderanthony
USDJPY I Testing monthly lows as traders stay bearishWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
💡 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
7 Dimension analysis for EURUSD🕛 TOPDOWN - Bearish Momentum in a Multi-Month Downtrend Overview: The monthly and weekly analyses indicate a multi-month downtrend with the initiation of a current impulsive bearish move. The focus is on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Bearish impulsive move in progress, marked by a proper high. 🟢 Inducement: Completed. 🟢 Pull Back 1st: Deep pullback with a reversal and bearish momentum. 🟢 Internal Structure: Choch (Contraction) observed. Ext OB mitigated, indicating a potential reversal. 🟢 Resistance/Supply/Distribution/Premier: Multiple indicators, including trendlines, suggest further downward movement. 2️⃣ Pattern 🟢 CHART PATTERNS Raising Wedge breakout signals bearish continuation. 🟢 CANDLE PATTERNS ey Considerations: Record session count with a Change in Guard (engulfing) candle, a strong reversal sign. Momentum signals, including strict engulfing and a last bullish FOMO candle. 3️⃣ Volume: Pivot points of fixed range volume show volatile reversal signals. Average volume during correction move reinforces the bearish bias. 4️⃣ Momentum RSI: 🟢 Momentum State: Sideways zone. 🟢 Range Shift: From bullish to sideways with a loud move. 🟢 Loud Moves: Bearish loud move observed. 🟢 Overbought/Oversold Rejections: Count of 3. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band provides support, but momentum suggests potential breakage. 🟢 Formation of a W pattern at the top of the move. 6️⃣ Strength: USD is stronger than EUR, adding to the bearish bias. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Supply area and extreme Order Block. ☑️ Candles Behavior: RSC, Momentum - both patterns are bearish. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell right now. 💡 Decision: SELL. 🚀 Entry: 1.08450 ✋ Stop Loss: 1.1030 🎯 Take Profit: 1.0143 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.75 🕛 Expected Duration: 30 days SUMMARY: The analysis strongly supports a bearish momentum, aligning with the ongoing multi-month downtrend. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Short
by Optimum369
3
Which way Euro?Hello traders, We are approaching the holiday season and volume tends to drop, sometimes it's better to expect a more "rangy" price action. I wouldn't be surprised if it takes out the last H4 swing high and returns back to the range. Given that, I'm mainly expecting four different scenarios: 1) Price reacts to the current chain supply and pushes down during the Asia session, probably providing short opportunities during the next London session. 2) Price continues the current trend and breaks above daily supply. This is the bullish case where I would be confident in looking for longs positions. 3) It goes higher than the last H4 swing high but fails to close above it. This is the second bearish scenario, where I would confident in taking short positions following the M15 structure. 4) The last case scenario is one where price take the last swing high, fails to close above it and comes back into the range slowly and it doesn't provide opportunities. This is the more "rangy" type of price action, which is definitely something to take into consideration. Tomorrow there is "Consumer Confidence" data but I'm not expecting huge volatility from it but it will definitely help during this period. Take care and good luck traders :)
by CirculoForex
EUR/USD approaches minor support level, what now?Hello traders, hope you had a great weekend. Last Friday, we made some good profits of 100+ pips by selling EUR/USD at the 1.10 resistance level. Now, at the moment, the price is approaching a minor support. Whether the support level holds is another question. Price action tomorrow will be the determining factor. Although, as we approach the end of the year, volumes will continue to reduce as most of the big institutional traders will be on holiday. Of course, I would not open any new sells at the current price levels. However, in case EUR/USD spikes up to the resistance again, I will consider putting in new sell trades.
by YourLazyTrader
10
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