EUR USD TRADE SET UP EUR USD has fallen to a major support level and formed a pin per candle on the 4h
Will be looking for some sort of double bottom on the 1hr timeframe to get a buy entry
Eurusdoutlook
EURUSD 4H : Try to drop EURUSD
New forecast
Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744.
Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains.
The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744.
Additionally ,Today News will affect on the market .
resistance line : 1.0892 , 1.0928
support line : 1.0808 , 1.0744
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EURUSD Trade IdeaWe can see that the EURUSD has been under pressure lately. It is currently trading down into a key support zone as shown on the chart. Previous 1D lows are the draw on liquidity. I'm anticipating a retrace and looking for a potential sell opportunity if we see a move into the 50-61.8% Fibonacci level. T1 at previous low and further targets would be a bullish order block at the extended 50% level on the fibo.
EUR/USD Longs from 1.07500 up towards 1.08800For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response.
Alternatively, if price doesn't reach this demand zone, I foresee a swift retracement to fill the imbalances from NFP Friday, followed by potential distribution within the newly identified 10-hour supply zone. Should this supply zone be tested first, my strategy will involve selling positions targeting the 2-hour demand zone.
Confluences for EU Buys are as follows:
- Price is near a clean 2-hour demand zone that has broken structure to the upside.
- Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up.
- There's lots of liquidity to the upside that needs to be addressed as well as some imbalances.
- Dollar (DXY) is still looking bearish as well which means more upside is still left for EU.
P.S. Should the 2-hour demand zone be breached, I anticipate a shift towards a bearish trend, as it represents the final support connected to that wing point. Keep your zones pre-marked to stay prepared for any sudden price movements.
Have a great week everybody!
EUR/USD - Choppy MarketHello everyone ...
if price break our entry areas then this idea will be invalid..
Use good trade management only thing important in Trading is how you manage your trade...
our signals are 95% accurate give us follow and motivate us by likes and comments...
.. good luck..
EURUSD
EUR/USD is showing a bullish trend in the 4-hour timeframe, marked by a breakout from a falling wedge pattern. The price action is currently conforming to an ABC waves pattern, suggesting potential upward momentum. Traders might consider monitoring this development for potential trading opportunities aligned with the bullish bias.
EURUSD Looking BullishThe EURUSD is currently situated in the Daily Demand area, signaling a possible dominance of buyers. The existing upward trend remains intact unless there is a break below the critical Higher Low level at 1.07250.
Being within the Daily Demand zone, the EURUSD indicates a positive outlook for buyers, with the upward trend likely to persist as long as the crucial Higher Low support at 1.07250 remains unbroken.
EURUSD On the way to 1.10Nice breakout and pump on EURUSD. My plan is going well, and i think it's time for EU to pump. My first taget is 1.10. I exclude a retest of this local low, but we could maybe see a pullback to 1.086 before bouncing up again.
EU Sells IdeaEURUSD has maintained a great bearish trend
Now retesting a recently broken support now potential resistance
EURUSD Looking BullishIn our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern.
This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in pips.
Keep an eye out for further updates, and as customary, approach your trades with assurance.
EURUSD LONG 30 JAN 2024Price is approaching strong support level at 1.0780 (Daily swing level).
Price moves in falling wedge pattern for the last few days and expected to break above.
Buyers are not letting the price to close lower which can be seen for few days now.
With upcoming strong US news, we can expect price to go further low before continuing the up move.
EURUSD - Let's go higher now ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: As you can see in my previous analysis price delivered as expected. Now I expect bullish price action after filling the imbalance and rejecting from bullish order block + institutional big figure 1.08000.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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EURUSD - Downside to bullish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we have pretty the same scenario as on GOLD, Price rejected from bearish order block so I expect price to drop in order to fulfill the imbalance. My target is institutional big figure 1.08000 from where I look for a long position.
Fundamental news: Upcoming week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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Eurusd Bearish momentum? NFP week ♠️A new week ahead with NFp economic data to wrap things up so excited for whats to come.
0:0 Monthly timeframe
2:40 Weekly timeframe
5:47 Daily timeframe
8:20 4Hr timeframe
We can observe the bearish pressure on Eu across the past 3-4 weeks and the start of the new year 2024. The bearish momentum began with the weekly engulfing candle of the first week of the year.
EURUSD Weekly outlookHere is my weekly outlook on EURUSD. I expect a weakness on the dollar, and a bounce on the EURUSD. Actually we are trading on the short-term trendline, and considering the bullish divergence we have on 4hr timeframe, we can expect a pullback targeting the 1.10 area
EURUSD POSSIBLE BULLISH PUSHHello Guys
the major trend on daily time frame is still bullish but the minor trend is still bearish it looks like its about to reverse soon after the formation of the pattern
EURUSD Longs from 1.08300 or 1.08000 back upThis week's bias for this pair aligns with GU, and I'll be aiming to initiate long positions from the demand levels positioned just beneath the current price. Whether it's from the nearby 2-hour demand zone or the 10-hour demand zone situated below, my objective is to buy back up to a supply level or potentially target the equal highs positioned above.
Ideally, I'm hoping for price to form a Wyckoff accumulation within my designated demand zones and provide a strong confirmation signal. If this doesn't happen, I'll wait for that zone to be breached, anticipating the spring to occur within the more favorable 10-hour demand zone.
Confluences for EURUSD are as follows:
- Price has been temporarily bullish to the upside and the 10hr demand zone caused BOS.
- I will be anticipating a Wyckoff accumulation to start formulating within my demand region.
- A pullback has been initiated from the reaction of the 6-hour supply zone.
- Lots of liquidity to the upside in the form of Asian highs and equal highs.
- Dollar (DXY) is looking to be bearish so I'm expecting this to be bullish.
P.S. While I maintain a bullish stance on this pair, I wouldn't be caught off guard if the reaction from the 6-hour supply zone triggers further downward movement, potentially breaking the structure to the downside. In such a scenario, I'll be more inclined to explore selling opportunities.
LAST WEEK OF JANUARY LETS HAVE A GREAT TRADING WEEK!
EURUSD Trend Reversal ?Pair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame. Completed Impulsive Waves " 12345 " Bearish and " AB " Corrective Waves. Exp FIAT as an Correction in Short Time Frame need to wait until it Rejects from Upper Trend Line or Demand Zone
EURUSD BULLISH DIVERGENCE - Are the bulls getting ready?4H TF
- BULLISH divergence
- Breaker block confluent with 50% Fib level
- Break and retest of Bearish trendline liquidity
- HH established
1H TF
- FVG sustained as a breaker block
Long EURUSDI'm expecting bullish movement on EURUSD throughout the remainder of the month. We've already come down and took out liquidity residing below December 15th low (1.08811) and filling in the gap below that level. If price manages to push with good volume pass the 1.08963 price I'll be looking to enter a long position aimed at December's high.
EURUSD BUY
EURUSD is showing signs of a rebound from the higher low area of the uptrend line in the 4-hour timeframe chart.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
EURUSD: Euro outlook next weekNext week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly.
This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024.
Next Thursday's ECB Governing Council meeting is likely to be too early for ECB President Christine Lagarde to start setting a concrete schedule for interest rates, and markets will wait until the next Governing Council meeting on May 7 for more information. would have to.
Next week will see the release of the German and European PMI reports, the IFO annual report and the German Consumer Confidence Index. This data should be closely monitored as the German economy remains weak.
EUR/USD broke out of a channel pattern on Tuesday and is currently trading below the 200-day SMA of 1.0850. The current support level for this pair is 1.0787, but resistance areas at 1.0950 and 1.1000 are also observed.
💡 EURUSD: Analysis January 19Indicator is used:
- Chandelier Exit
- EMA
- MACD
Re-tested the 1.09 conversion resistance zone in the last session, but the selling force returned and prevented the price from rising above this level. However, observing on a daily basis we see a spindle - credit model. Potential reversal signal. Therefore, you need to be wary of the possibility of a price reversal to the upside. You can hold short positions according to the previous breakdown signal but the SL needs to be placed above the 1.09 resistance level.
