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EURUSD 4H : Try to test the support zone EURUSD New forecast Trading in the euro/dollar pair stabilizes around the moving average 50 after the strong decline witnessed yesterday, which constitutes good support for the price and protects it from incurring further losses, accompanied by the appearance of clear signs of saturation in selling, which supports the chances of an upward rebound and an attempt to resume the upward corrective trend from new. Therefore, we expect to witness positive trading during the coming sessions, but at first the price will try to reach to the support area and then will rise up , it will rise and the targets start at 1.0612 to confirm the push towards 1.0632 and reach 1.0700 as the next positive station, keeping in mind that breaking 1.0540 will stop the bullish corrective scenario It pushes the price to return to the main downward path again. 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
EURUSD Trades Looking For Long, But Daily is Down.{25/10/2023}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 OANDA. After a downtrend on the daily timeframe, A 4-hour time frame looks promising up to the recent lower high, Long setup after eating stop loss from Short Sellers, Because EU 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: 4.45 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
EURUSD getting weakerWeekly key level around $1.07. In long term EURUSD buyer seems like not so interested, as the choppy movements showing on H4. Minor resistance is so close between the H4 waves indicates weak buyer, the movements almost flat. Strong movements is when the price move rocketing steep no retracement with small "pause" which SMC trader usually called them as "rally base rally" or RBR. But since the 1st wave after H4 "choch", there is no "RBR" formed in H4 structure. Even inside H4 waves showing price have to build some other smaller waves to keep push the price up. Now it's in 4th waves. If observe carefully, it's build up rising flag pattern which usually the sign of downtrend will continue. I expecting will massive drop after 5th waves complete. If Euro "want" to still continue upward, then it need strong fundamental data to support it to go beyond key level $1.07.
Short
by UnknownUnicorn33119711
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EUR/USD trading opportunities revealed! Two trades to watch this ⚡️ For a potential long trade: Look for a rebound from the support zone between 1.0630-1.0640. The nearest resistance level is at around 1.0700, but the pair could rise further to test the next resistance of 1.0760 if momentum builds up. 📈 💪🏽 For a potential short trade: Keep an eye on the pair around the resistance zone of 1.0700. If it faces strong selling pressure here, it can drop back down to retest the support levels. The next support below is at 1.0620. 📉 "The recent price action in EUR/USD has opened up some intriguing trading possibilities. Let's take a closer look at the key zones on the daily chart to find potential entries..." "If you see a bounce from the 1.0630-1.0640 area, go long for a move back to resistance at 1.0700. But be prepared to bank profits there, or it could keep rising to 1.0760! 🤑 " "Alternatively, keep an eye on sells around 1.0700 resistance. A break below could drop the pair straight back down to further support at 1.0620. 💸" "With solid risk/reward ratios, these trades have the potential to be real winners. But don't forget to manage your risk! 😉 "
Long
by artotrading
EURUSD Technical analysis and 2 Trade IdeasAt present, we're witnessing a noteworthy shift in the dynamics of the EURUSD currency pair. In the context of this, a notable inverse relationship becomes apparent when we consider the Dollar Index (DXY), which is retracing in higher timeframes. The USD current weakness is paving the way for bullish momentum with the EURUSD. In our video, we delve into several critical elements of technical analysis, including market structure, price action, and the overall trend. Furthermore, we explore two potential trade opportunities. It's crucial to emphasize that the video serves an educational purpose, and it should not be construed as financial advice.
by fxtraderanthony
EURUSD LongAnalysis of EUR/USD for the week of October 23rd to 29th, 2023 Technical Analysis EUR/USD was trading at 1.0575 on October 22, 2023. The current price level is just below the 50-day Simple Moving Average (SMA50) at 1.0560, with the 200-day Simple Moving Average (SMA200) at 1.0615. From a technical perspective, EUR/USD is currently in a sideways phase, with the price level below both SMA50 and SMA200. The next support zone is at 1.0550, followed by 1.0500. Key Levels of Major Banks The key levels provided by major banks for the upcoming week are as follows: Goldman Sachs: 1.0550/1.0650 JPMorgan Chase: 1.0500/1.0700 Citigroup: 1.0450/1.0750 All of the key levels from major banks are above the current price level, indicating that these banks anticipate further EUR/USD appreciation. Fundamental Analysis The fundamental situation for the EUR is currently mixed. The European Central Bank (ECB) announced an interest rate increase in July 2023, which could strengthen the EUR. However, the European economy is suffering from the effects of the Ukraine conflict and high inflation, which could weaken the EUR. The U.S. Federal Reserve (Fed) has also announced an interest rate increase in July 2023, which could strengthen the USD. However, the U.S. economy is also affected by the Ukraine conflict and high inflation, which could weaken the USD. Statistical Model For the statistical analysis of EUR/USD, a simple regression algorithm was used, based on historical daily chart data of EUR/USD collected from 2000 to 2023. The statistical model indicates that EUR/USD has exhibited a strong positive trend over the last 20 years. The regression equation is: EUR/USD = 1.05 + 0.0002 * Day The regression line shows that EUR/USD increases by 0.0002 per day, equivalent to an annual growth rate of 0.7%. Forecast Based on the technical analysis, fundamental data, and the statistical model, it is anticipated that EUR/USD will continue to rise in the upcoming week. The price target for the next week is 1.0640, with a 60% probability of an increase in EUR/USD. Strategy: I would enter a long position in EUR/USD if the price rises above 1.0639, placing a stop-loss order at 1.0550. The profit target would be set at 1.0700. Conclusion EUR/USD is currently in a sideways phase, and the fundamental situation for the EUR is mixed. There is a low risk of the price falling in the coming week. Risk Disclaimer: The forecast is based on technical, fundamental, and statistical analyses. However, there is no guarantee of the accuracy of the forecast. The market can develop unexpectedly.
Long
by Edgezone
3
Everyday perspective.EUR/USD Resistance Level 2: 1.0650 Resistance level 1: 1.0600 Spot price: 1.0582 Support bit 1: 1.0530 Support bit 2: 1.0448 EUR/USD rose 0.04% to 1.0593. The dollar retreated in a technical profit correction after Federal Reserve Chairman Jerome Powell said rising market interest rates may reduce the need for the Fed to take action. EUR/USD continues to find support amid the dollar's retreat and volatility. The euro still appears to lack a strong unique bullish stimulus to push the pair towards the 1.0650/1.0700 zone. Markets are likely to await hints from the European Central Bank and more data from the Eurozone next week, but the likelihood of a quick pick-up in bullish momentum for the euro is not too high. This means that EUR/USD should now be driven almost entirely by USD movements. The top is still blocked below 1.0650. Although the technical indicators have risen towards the area, the direction is still unclear. Only when the above-mentioned resistance level is completely broken down, the EUR/USD may be expected to embark on a clear rebound path. .
by Zenobia-Harte
EUR/USD back to 4H resistance, can the bulls break it?Hello traders, EUR/USD is knocking at the dynamic resistance on the 4Hour chart once again. Now, this area is critical as it determines what the next direction for EUR/USD will be. As per my analysis, EUR/USD will go bullish in the next few weeks. So, if the 1.0580-1.06 zone is broken with a strong bullish candle, we can expect 1.0750 and even 1.09 in the next 3-4 weeks. I will continue to buy the dips in EUR/USD if price reaches 1.05 level again.
by MarcellusLUX
18
Make or break level for EUR/USD, Best level to buy?Hello traders, EUR/USD is currently at a make or break level. Notice that EUR/USD has struggled at the moving average in the 4hour chart. If the bulls are unable to take the price above 1.06, then we might see further drops in EU . Currently, I do not have any open positions in EUR/USD and I believe the best approach right now is to wait and observe if price hits a key level and then place trades. In case, price falls to the 1.0450 level, I would definitely consider buying.
by MarcellusLUX
15
EURUSD Long Term Buy Trading Idea Hello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD 4H TECHNICAL ANALYSISEURUSD has recently experienced a significant surge, as evidenced by the confirmed buy signals indicated on the chart. However, a comprehensive analysis suggests an impending bearish movement influenced by the identifiable order block within the range of 1.06198 to 1.06723. This zone is likely to exert a substantial resistance, triggering a potential reversal in the current bullish trend. To ensure a more robust assessment, it is advisable to wait for a confluence of the signals, particularly focusing on the emergence of a choch, which would provide a more comprehensive and corroborative indication of the market's directional shift. This cautious approach emphasizes the need for confirming indicators to support the anticipated bearish movement, thereby reducing the potential risks associated with premature trading decisions. Furthermore, in monitoring the price action at the 1.06398 resistance level, investors can gain valuable insights into the market dynamics and potential trend reversals. The careful observation of price fluctuations in this critical range will enable a more informed evaluation of the market's response to the resistance level, facilitating a better understanding of the underlying market sentiment and potential trading opportunities. Considering the current market conditions and the identified order block, it is crucial to adopt a prudent approach, placing emphasis on the confirmation of the choch for confluence, and closely monitoring the price action at the 1.06398 resistance level. This comprehensive analysis will enable investors to make well-informed and strategic trading decisions, mitigating potential risks and capitalizing on the projected bearish movement in the EURUSD market.
Short
by fzm_100
EURUSD: Core Retail Sales and risksThe EUR/USD firmly in the green for Tuesday after US Retail Sales beat market expectations and saw upside revision to previous figures, sending investor risk appetite into the ceiling and sending the US Dollar (USD) broadly lower, bolstering the Euro (EUR) and taking the EUR/USD up from the day's early low of 1.0532 and sending it within inches of the 1.0600 major handle. Headline US Retail Sales figures for September broadly beat median market forecasts of 0.3%, printing at 0.7% and seeing an upwards revision in the previous month's reading from 0.6% to 0.8%.
by Sphyn-Trader
1
Buy the dips as long as the support holds.Hello traders, in my previous EUR/USD idea, I recommended buying EU@1.0460 level. If you followed that, you made over 170 pips profit as EU reached 1.0640 level. Currently, EUR/USD is in the vicinity of the 1.0550 level. The current dip seems like a buying opportunity to me. In fact, I already bought EU@1.0495 on Friday. I recommend buying the dips in EUR/USD as long as price stays in the support zone. The initial bullish target would be 1.0740.
Long
by MarcellusLUX
19