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81 Pips profit in EUR/USD, more decline looks likelyHello traders, EUR/USD went exactly as I had predicted in my previous idea( Previous idea attached below). From my sell at 1.0746, the price is now 81 pips lower. Currently, if you look at the daily chart, we have a bearish candlestick pattern exactly at the confluence of the 100-day EMA and the top of the price channel . A combination of these two factors could take the price even lower in the coming days. Keep an eye on the hourly mav at 1.0665. If this breaks, it could open the door to 1.06.
by MarcellusLUX
12
Long Position traders looks happy! EURUSD {08/11/2023}Educational Analysis says EURUSD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker FXCM. Bull/Long Traders look positive on the long position of this pair, The Last lower high has been respected, Which means the market is in bullish trades for this pair. EURUSD fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 50.44 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
2
EUR/USD at channel support + Pinbar; reversal imminent?Dear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might be just around the corner. I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart , which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support . So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
9
EUR/USD reversal underway, 1.0720 in sightDear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might have just began I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart, which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support. So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
1
EURUSD short term Shorts to 1.06400This week I will be covering my sell setup idea towards an area of demand to end up buying with the trend. However due to DXY shift in trend, I will be looking for buys for EURUSD later on. Currently as of now price is inside an area of a 4hr supply zone so im expecting price to react off it to cause a retracement back down. Scenario (A) - Is for imminent sells to the downside as im currently waiting for price to complete the distribution via a clean CHOCH to the downside, it will hopefully then give us a clean order block for us to enter from. However, if this Supply gets violated (which is possible due to the strong bullish entry in the zone), I will then see that price will want to sweep the liquidity above and tap into the daily supply POI above. This will be ideal as price is at a much premium rate. Scenario (B) - Is that price will breach the zone we are currently in to take out the liquidity above, once it does that I will be looking for sell oppurtunities around the daily supply zone to target the 1.06400 mark in order to continue the bullish trend upwards. So currently we will be selling down to the demand so we can eventually trade with the trend. My confluences for EURUSD shorts are as follows: - Overall trend on the HTF (weekly/monthly) is bearish. - Price tapped in to a 4hr supply zone and there is a daily supply just above. - Momentum is slowing down expecting price to distribute and choch to the downside. - Imbalances were left below due to NFP news so im expecting it to get filled via a pullback. - For price to continue in its recent bullish trend im expecting price to come back to those demand levels anyways. P.S. Even though price is bearish overall, It has chnaged charcter and broken structure on the 4 hourly. Short term I am bullish and I will be looking for potential buys, but for now im selling down to eventually buy at a discounted price.
Short
by Hassan_fx
3
EURUSD I Approaching weekly reversal zoneWelcome back! Let me know your thoughts in the comments! ** EURUSD 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
3
EURUSD 4H :NFP report will affect on the marketEURUSD New forecast The EUR/USD pair succeeded in attempting to breach the level of 1.0632, and after that it found strong resistance at 1.0664, to remain confined between the pivotal levels, which makes us continue our neutrality until the price is able to penetrate one of these two levels to determine the next targets more precisely. therefore breaching the resistance at 1.0664 will push the price to conduct an additional upward correction targeting the 1.0700 areas as the next main station, and by breaking it, it will reach 1.0760, while breaking the support 1.0612 represents the return key to resuming the main downward trend, whose next target is at 1.0562. The expect range trading for today it will be between the resistance line 1.0686 and support line 1.0612. Additionally ,Today News will affect the market . resistance line : 1.0664 , 1.0686 support line : 1.0632 , 1.0612 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
6
EURUSD 4H : New forecast EURUSD New forecast The decline of the euro/dollar pair stopped at the level of 1.0545, rebounded upward, and begins the day with an additional rise to trade above the support of the ascending channel again, facing a conflict between technical factors that makes us prefer to stay neutral until we get a clearer signal for the next direction. We point out that continuing the rise and breaching 1.0632 will lead the price to conduct an upward correction that mainly targets testing the 1.0660 areas, while failing to break the 1.0632 resistance, the price will return to testing the 1.0545 channel support. The expect range trading for today it will be between the resistance line 1.0632 and support line 1.0540. Additionally ,Today News will affect the market . resistance line : 1.0612 , 1.0632 support line : 1.0562 , 1.0540 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
2
EURUSD becoming more clear. UPDATE☝️Dear traders, no one here has super powers, 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 force my will. Have good trading, keep constant flow of self awareness and do your best.
Short
by Yelli_trades
32
EURUSD wait for a bearish breakdown...EURUSD The price made a bearish breakout of the contracting structure, the price is currently at the support area, if price manages to break below the support area If price stays below support/resistance structure I expect the price to move lower.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
18
EURUSD bear flag?In a strong downtrend recently, brief dead count bounce at a strong demand level. Still above this level for now. Bearish divergence on the MACD. Rejected off the 50EMA and the RSI 50 level, which could be early confluent factors to suggest the trend is still intact for now and this is a lower high before trend continuation. DXY 4H chart attempting to breakout of a range as well. EURUSD weekly RSI is in the bearish control zone and monthly chart doesn’t look great either. Measured move of this bear flag could take price back to parity.
Short
by mcmalloch
EURUSD Technical Analysis And Trade IdeaIn this video, we provide a comprehensive analysis of the EURUSD currency pair, with a particular focus on the current bearish sentiment in higher timeframes. Throughout this presentation, we explore fundamental aspects of technical analysis, covering elements such as the ongoing trend, price movement dynamics, market structure, and other essential components of technical analysis. As we progress in the video, we closely examine a potential trading opportunity. It's essential to highlight that the information presented in this content is purely for educational purposes and should not be construed as financial advice. Engaging in foreign exchange market trading involves a significant level of risk. Therefore, it's vital to thoughtfully incorporate risk management strategies into your trading plan.
Short
by fxtraderanthony
EURUSD Where to next?Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on $EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964 Happy trading. Follow and like for more. Thanks Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
EURUSD Faces Headwinds as Dollar Strengthens?EURUSD struggled to build on yesterday's gains and experienced a decline since the start of Tuesday's Asian session. The surge in the US Dollar index exerted additional pressure on this currency pair, causing it to slip below the critical 1.0600 level. The anticipation of a more stringent stance by the Federal Reserve (Fed), supporting the upward trajectory of US bond yields and fortifying the US dollar, impeded EURUSD from extending its upward momentum seen in yesterday's trading. This aligns with the prevailing sentiment from the European Central Bank (ECB) that suggests no imminent interest rate hikes. This sentiment gained further credence from data indicating a deceleration in Germany's annual consumer inflation, dropping from 4.3% to 3.0% in October. This marks the lowest inflation rate since August 2021, a concerning development amid looming recessionary threats. Market participants remain confident in the Fed's commitment to its hawkish stance, given the resilience of the US economy in the face of persistently high inflation. However, all eyes are now fixed on the outcomes of the FOMC meeting and subsequent statements on interest rate policies. Today's Market Focus: Market participants are eagerly awaiting signals for today's potential market movements, with a particular focus on the release of Eurozone CPI data for short-term trading opportunities. Subsequently, attention will shift to the release of key macroeconomic data from the US, including the Chicago PMI and Consumer Confidence Index from the Conference Board. Trading Opportunities: As market projections suggest that the European Central Bank will maintain interest rates, and the Fed is expected to adhere to its hawkish stance, the weakening of EURUSD below the 1.0600 level remains a prevailing theme. This weakness is exacerbated by the strengthening US dollar and rising bond yields ahead of the FOMC meeting. Technical Analysis: In terms of technical analysis, the Fibonacci retracement at 23.6% (1.0643) acts as an immediate resistance level, followed closely by the 50-day Exponential Moving Average (EMA) at 1.0654. A potential reversal at these levels could instigate a decline in the EUR/USD pair. The technical dynamics of the EUR/USD pair indicate a notable weakening in momentum, notably signaled by the 14-day Relative Strength Index (RSI) dropping below the pivotal 50 level. This RSI movement suggests a bearish momentum, underscoring a broader sentiment of market weakness. Trading Strategy: Observing the current market conditions, it appears there is potential for executing a SELL action at the 1.0585 level should the EURUSD persist in its downward trend. In such a scenario, astute traders may contemplate a strategic approach by establishing a profit target at the 1.03500 level. Additionally, incorporating flexibility to adjust stop-loss levels proves to be a prudent measure, aligning with the individual considerations of each trader. However, it is imperative to underscore that trading decisions must consistently derive from meticulous analysis and a profound understanding of the associated risks. Deliberations regarding a SELL action or any trading maneuver should be approached judiciously. Traders are well-advised to take supplementary steps, such as staying abreast of current economic news or other market factors, before arriving at a definitive decision.
Short
by fardycurry
EURUSD | Walking on a CloudPure technical analysis. Dynamic support broken in August, dynamic resistance broken on October 23'. Due to Ichimoku Cloud indicator, we are still in bullish trend of high volatility, BUT! Price is inside the cloud, which means that for now, market is undecided about further direction. Conversion (Orange) and Base (Grey) lines are above the price action (Bearish signal). Upper breakout of the cloud was rejected and price was pushed inside again. For now, retest of dynamic support and previous low (weak) at 1.04416 is in favor. 0.382 fibo from September 22' at 1.06108 and 0.5 fibo at 1.0406. Volume since July in strong favor of bears. Feel free to share your thoughts!
Short
by fxintouch
1
Weekly chart analysis for EUR/USD: Signs of reversal?Hello traders, sometimes, it is essential to analyze the charts in the weekly timeframe to get the bigger picture of the trend. Of course, it doesn't mean that you must take your entries on the weekly timeframe. So, if you look at the weekly chart of EUR/USD, the very first thing that you would notice is the weekly support around the 1.05 area is unbroken . Secondly, if are seeing the formation of a base in the level between 1.05-1.06. So, in the coming trading sessions, if we see a strong impulsive move to 1.0650 and beyond, expect EUR/USD to reach 1.08 and even higher over the course of the next few weeks.
by MarcellusLUX
28