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Eurusdoutlook

Momentum in a Bearish market 🪜EurUsdWhen the Market trends down, support zones become resistance zones after candlestick closure confirmations. 0;0 Monthly timeframe 1:15 weekly timeframe 4:15 daily timeframe 9:00 4hr timeframe 11:45 1hr timeframe 14:00 Bias If you are new to the markets, that last sentence is probably a bit confusing. But really all it sums up to is that the market moves down in methodical steps. This may not always be the case however... Similar to a ladder and different from a silde. The market will drop suddenly and slide deeply in a panic similar to the Stock market crash of 2020 with Covid-19. All support level's failed and liquidity was swept through due to a change in fundamentals. The forex market has much more volume and therefore will not slide as easily vs the stock market which runs on lower liquidity. We are talking about medium-long term slides across days and weeks or even months. In the short term however, fundamental releases can cause the FX market to slide 10's of pips in a matter of seconds. Being inclined towards a scalping style, it is especially important to be aware of these short term slides which could wipeout a sizable portion of a trading account. Price action to begin the week: Weekly level 1.0663 is especially relevant and may facilitate a selloff back to the lows 1.0613. If we do push higher, we may tap into 1.0691 daily resistance level before seeing more selling pressure. 1.054 is the weekly bearish target for this week and our first stop will be 1.0576 daily level where we may observe some profit taking. Bullish targets on the week include 1.075 daily resistace zone. For this scenario, would prefer a daily closure above 1.0691 daily level.
Short
by ShrewdCatfx
2
EURUSD - Still bearish ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.07000. Fundamental analysis: Next week on Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4
Make the opponent flinch, and you've already won - Musashi 📼 The market has been relentless to the downside over the last 2-3 months. 0:0 Monthly timeframe 2:00 Weekly timeframe 5:35 Daily timeframe 8:45 4hr timeframe 12:35 let's zoom out a bit 12:30 1hr timeframe 15:15 Bias Fueled by Inflation data and technical confirmations, the market has continued is descent time & again. Tuesday Wednesday and thursday have closed bearish. We have established momentum in the market and I believe it is likely that we contiue on this path to end the week. The weekly can may continue to pull to the downside as it is currently bearish and has a 77 pips top wick. The thursday daily candle closed bearish and we have a wick to go fill with momentum. The market set itself up early in the week as it was bullish on monday and observed bullish impulses on tuesday and wednesday. Thursday saw a continuation of the bear momentum established on wednesday and I believe we may also see a continuatiion on Friday. It is easier trading with the trend.. and they do say .. the trend is your friend. With that said, we must remain flexible when trading the markets and our success across time realy depends on our ability to adapt to the changing market conditions.
Short
by ShrewdCatfx
1
EURUSD - Look for a short ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block. Fundamental analysis: Upcoming week on Wednesday will be released Interest Rate on USD, followed by FOMC Press Conference. This is one of the most important news in America, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURUSD: bullish or bearish? Check today's analysisThe updated data showed that in August, annual inflation increased by 5.2%, down from the previous measurement of 5.3%. Core CPI, excluding food and energy, increased by 0.3% monthly and 5.3% annually. This downward trend was taken positively by market participants, particularly following the European Central Bank's (ECB) decision to raise the key interest rate to 4.50%. On the other hand, recent US macroeconomic data has been mixed. Housing Starts in August adjusted from 1.452 million to 1.283 million, less than expected, but Building Permits increased from 1.443 million to 1.543 million, outperforming estimates. Later today, investors will be watching the outcome of the US Federal Reserve's monetary policy meeting, where the interest rate is expected to remain at 5+%. Comments about potential monetary policy tightening in November and December could significantly influence the markets. Resistance levels: 1.0700, 1.0730, 1.0770 Support levels: 1.0600, 1.0630, 1.0600
Short
by MsProTrading
1
Should you buy the dip in EUR/USD? (Entry, TP, SL)Hello everyone, EUR/USD has been on a downtrend for the past 8-9 weeks. However, that could change very soon. 📌1.0640 is a support level, from where we have already seen a pullback of about 80 pips in EUR/USD. 📌The next support level lies in the 1.0520 region. 📌If the initial support level holds, buying the dip in EUR/USD with target at 1.0850 is a potential trade plan. However, if price drops below 1.0640, traders need to wait for 1.0520 before buying again.
by MarcellusLUX
19
A Bearish squeeze 🐻 unfolding or too hopeful? ❌EurUsd Buyers in La la land or are we onto something here? 0:0 Monthly timeframe 2:10 Weekly tiemframe 5:26 daily timeframe 7:34 4hr timeframe 10:25 Let's talk interest rates 12:30 1hr timeframe At times the market has coincided it's bottom or top with a News release. Today we have the September Interest Rates release as our fundamental catalyst for a potential bearish squeeze. We have 9 Bearish candles in a row. I was wrong last week about EurUsd longs so maybe I'm at fault here and this scenario is a long shot, no pun intended. We saw Profit taking on Fridaylast week and the market inched to the upside. On Monday we saw a clean range followed by a breakout to the upside on the intra-day timeframes during NY session. Today we observed a breakout to the upside once again with London Session. When NY session came around , price said " Not Yet" as we have Interest rates coming up and it was not the right time. We just ranged today prior to interest rates as one could expect. What I'm looking for is a move prior to news or a wick with news between 1.064 daily support level and 1.066 weekly support level preceding an increase back to 1.075 Daily resistance Zoneish. Not anticipating a rate hike or a rate cut as things will likely remain unchanged as we've already observed the fastest rate hike ever.
Long
by ShrewdCatfx
2
EUR/USD falters around its 2023 open price, ahead of FOMCYes, EUR/USD has fallen to a key support level around the May low. And that will likely deter some bears around current levels from entering short (depending on their timeframe). But given the potential for for the Fed to deliver a more hawkish message than money markets are pricing in whilst the ECB suggest they are done tightening, we're not discounting the potential for EUR/USD to break lower. The daily trend remains bearish and a shooting star formed following a 2-day retracement higher. Its high perfectly respected a 61.8% Fibonacci retracement level before the day closed back beneath 1.070. But what has really caught our eye is that prices also faltered around the 2023 open price. And that means the euro really has gone nowhere this year, and the market is paying attention to that open price. Given the corrective price action on the 1-hour chart, we'd prefer to fade into move up towards or around 1.0700 for a move back towards those lows. The bias remains bearish below 1.0730 (although keep in mind extra levels of volatility around the FOMC meeting can mess with such levels before the real move begins).
Short
by CityIndex
1
Some retracing in store? 🏪 EurusdAfter monstrous gains last week from EU bears, is the time up ? 🕓 0:0 Monthly timeframe 2:21 Weekly timeframe 5:28 Daily timeframe 7:00 4hr timeframe 10:27 1hr timeframe There are a few scenarios that we can observe here for Eurusd this week . 1. Eurusd Pulls up prior to Interest rates ( Stays above 1.065 Daily support zone) and continues to retrace with Interest rates remaining the same or cut 25 points 2. Eurusd Pullback early in the week( 1.0706 & 1.0754) as we are currently observing which precedes a continuation to the downside (1.0608 & 1.055) with Interest rates as the catalyst 3. Eurusd rate increase and EURUSD bearish Continuation towards 1.055 Monthly/weekly support level So price has continued to retrace EUR rate increase, PPI, and retail sales data from last thursday. Consumer sentiment on Friday was not great for USD and price retraced in favor of EUR as well. It's a sort of change of character as sellers ( USD Buyers) do not appear to be in control. Sometimes when you observe a short or medium term top or bottom formulate in the market, it begins with a blowoff push in the direction of the trend. This blowoff is great for those trading with the trend, but if those traders don't Take Profit they go into denial as price retraces and retraces against them. This move on thursday 9/14 is a 100 pips blowoff that may act as our catalyst for a short-medium term reversal in the market.
Long
by ShrewdCatfx
1
Eur/Usd (EURUSD) -> Trend ContinuationMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on EurUsd. Since the beginning of 2008 EurUsd has been trading in a long term falling channel and just recently retested the upper resistance trendline of the channel. In confluence with a retest of previous support, now turned resistance, and a retest of the 0.618 fibonacci retracement level, I do expect a trend resumption lower from here. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
Short
by basictradingtv
41
Time for a pullback in EUR/USD? 1.09 soon?Similar to GBP/USD, EUR/USD has been on a relentless downtrend for the last few weeks. However, the price is at a very interesting level now. With FOMC event coming up, let us analyze and see if there is a chance for the bulls. 📌EUR/USD is currently around the key level at 1.0640. Price has in fact, shown a small bounce from this key level. 📌If the support level at 1.0640 holds, I expect EUR/USD to go further towards 1.0857 and 1.09. 📌 Traders can consider buying EUR/USD@1.0640-1.0660 with SL below 1.06 and initial TP at 1.0850 . The buy trade should be placed only if the key level at 1.0640 remains unbroken .
Long
by MarcellusLUX
13
"EURUSD Set to Rise: Support Holds Strong"#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line (@1.07614-1.08260) 🔥EURUSD BUY ( 1.06900 - 1.06500) 🟢TP1- 1.07200 🟢TP2- 1.07500 🟢TP3- 1.08000 🔴SL- 1.06180
Long
by FKW-Millions