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EUR/USD: A 30-Minute Zone AnalysisSupport Levels: Support 1 @ 1.07062: Our journey begins with support at 1.07062. This level serves as an immediate safety net for EUR/USD traders. It's where the price often finds buying interest, potentially signaling a reversal of any downward movement. Traders should keep a watchful eye on this level, as a breach below it could signal the presence of further bearish pressure. Resistance Levels: Resistance @ 1.07493: On the flip side, we encounter a crucial resistance level at 1.07493. This level is a formidable barrier on the 30-minute EUR/USD chart. Resistance levels are where the price frequently faces selling pressure, potentially leading to a reversal of its upward momentum. Traders should remain vigilant here, as a decisive move above this level could signify a short-term bullish sentiment. Resistance @ 1.07982: Continuing our journey, we found another resistance level at 1.07982. Resistance levels like this one can act as significant roadblocks to price movement. Traders should closely monitor this level, as a successful breach could indicate a continuation of the current upward trend. Resistance @ 1.08081: Our final stop is resistance at 1.08081. This level is another noteworthy obstacle for EUR/USD. When multiple resistance levels are in close proximity, they can collectively strengthen the overall resistance zone. Traders should take heed, as a decisive move above this level could further bolster the bullish outlook. Conclusion: In the world of forex trading, comprehending support and resistance levels is akin to having a compass in uncharted waters. The EUR/USD market, with its unique dynamics, requires traders to carefully observe the identified support and resistance zones outlined in this analysis. However, it's crucial to bear in mind that the forex market is anything but static. It's subject to constant fluctuations influenced by a multitude of factors, including economic data releases, geopolitical events, and market sentiment. Therefore, while support and resistance levels offer valuable insights, traders should augment their analysis with a toolbox of technical and fundamental indicators to make well-informed trading decisions. Above all, risk management and prudent trading strategies remain paramount in the ever-evolving world of forex trading. Balancing opportunity with caution is the key to success in this dynamic market.
by enclavefx_Analaysis
Eurusd New Month .. New Lows to 1.07? 🛎️Traders! (≖_≖ ) we haven't seen a steady trend like this with 7 weeks of the same candles since June 2020. 0:0 Monthly timeframe 1:35 Weekly timeframe 5:13 Daily timeframe 7:25 4hr timeframe 9:46 1hr timeframe 11:30 Bias Hello traders. Yes, we did just create a daily support today at 1.0773. However, this support was created during a Bank Holiday and if you've hung around the block long enough in forex you know that Bank Holiday's have low volume and we should acknowledge them accordingly. If we do end up curling back to the upside here on Eurusd we do have 2 clean ranges on the 1hr and 4hr timeframes so long as we get above 1.08. With that said, the market is not random and we must act accordingly as we may coninue to descend into the depths below as we have been for nearly 2 months now. It is important to be flexible at times this . Bulls and Bear got thrown around last week with a early in the week Bullside push followed by a continuation of higher timeframe momentum to end the week, that also coincided with decent NFP data that was released better than expected. It is possible that we will soon touch into the next daily support level 1.0744. Momentum is still prevalent and so we must allot to it our due diligence.
Short
by ShrewdCatfx
EURUSD might fallEURUSD flirting on resistance price zone at €1.08 but also still on support trendline daily. Usually, based on price behavior (human psychology, maybe?), selling is stronger at below exact round number (below € 1.10), so I'm bearish for this pair. If it fall, target@TP1 should at €1.06 (200 pips), TP2 €1.04 (400 pips) and TP3 €1.02 (600 pips). Waiting for it to break recent swing low for bearish confirmation before take sell. What do you guys think?
Short
by UnknownUnicorn33119711
The Previous Week / Fundamental Releases and Price Action 🕋In this video we start by observing the movement of Eurusd from a top down perspective. We eventually break down the week's fundamental news releases and their impact on price behavior on the 1 hour timeframe as this is the bulk of the video. This week we went up and they came straight back down. Fundamental news releases played a suspicious role in the price behavior this week and we investigate their significance.
by ShrewdCatfx
EURUSD I Potentially headed toward strong weekly levelWelcome 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!
by BKTradingAcademy
4
EUR/USD on the 30M Support and Resistance Zones Support Levels: Support 1 @ 1.08354: The level at 1.08354 serves as an immediate support zone on the 30-minute chart of EUR/USD. The price tends to find buying interest and potentially reverse its downward movement in support levels. Traders should closely monitor this level; a break below it could indicate further bearish pressure. Support 2 @ 1.07818: Support 2, located at 1.07818, represents another crucial support level. Historically, this level has acted as a significant area of price reversal. If breached, it may signal the potential for a more substantial downward move. Support 3 @ 1.07637: Support 3, situated at 1.07637, is a deeper support level. Traders should be aware of this zone as it represents a lower support level. A break below Support 3 could suggest an increased bearish sentiment. Resistance Level: Resistance @ 1.09619: The resistance level at 1.09619 stands out as a key level of resistance on the 30-minute EUR/USD chart. Resistance levels are where the price often encounters selling pressure and may reverse its upward momentum. Traders should keep a close eye on this level, as a decisive move above it could indicate a bullish sentiment in the short term. Conclusion: Understanding support and resistance levels is fundamental in forex trading. These levels provide critical insights into potential price reversals and trend continuations. Traders in the EUR/USD market should carefully observe the identified support and resistance zones outlined in this blog post. However, it's essential to remember that the forex market is subject to constant fluctuations influenced by various factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management and prudent trading strategies are equally crucial when trading in the forex market.
by enclavefx_Analaysis
1
Messy Monthly Candle close😾🐱Just look at this ruthless pullback breaking hearts during this monthly candle close. 0:0 Monthly Timeframe and previous Long Call 2:14 Weekly timeframe 3:34 Daily timeframe 7:10 4hr timeframe 9:50 1Hr timeframe 12:01 Fundamentals If you've been around long enough, you would understand that the monthly candle close in forex can be tricky. Price pulled up during this previous daily candle close and that was probably the most straightforward move in the market that've I've seen in months. The 1.086 move towards 1.093 was very easy to anticpate. That was like the 1 trade a month sort of trade. Tbh I don't see a whole lot occuring prior to NFP data during friday NY session. We've already moved up a decent amount on the week. Tbh we've already hit my Weekly bullish targets being 1.093 and 1.09. With NFP, ohh mann, what a wild close to the week if we retrace towards 1.10 with a continued sentiment , Risk on , Sell USD
by ShrewdCatfx
Top Down Analysis for EURUSD - Q4The multi time frame analysis is in the updates below the main Idea. Since we have flipped bullish on the higher time frames, I'll give my big picture view on EU. I look at the timeframes like a gearbox or transmission. The H4 is a gear that, on one revolution will turn the H1 gear four times and the H1, in turn will turn the M15 four times and so on all the way down to the micro time frames. I think that having a grip on all of the relevant time frames is good for forecasting. I believe that once we smesh this H4 supply zone we will have a bullish monthly internal trend, a bullish weekly internal trend, a bullish major daily trend and bullish major H4 trend aswell as the H1 and M15 also being bullish. September and Q4 are looking, well... ching ching! The last time I did a thorough analysis like this it was flagged by Tradingview, sadly due to my shameless plugging! So I will behave!
Long
by Kram_Capital
Countertrend push early in Week 🦖 We can observe a countertrend push early in the week here 0:0 Monthly timeframe and upcoming economic data this week 3:28 Weekly timeframe 4:48 Daily timeframe 6:40 4hr timeframe 9:05 1hr timeframe Will this countertrend push to the upside maintain despite obvious bearish momentum stretching from the Monthly timeframe? We'll see how far price will retrace here as my thoughts are a touch into the most recent daily resistance zone at 1.0864. Today during NY and London sessions we ranged hard which is expected for Monday. It Built up energy as price decided to increase through the transition of the new daily candle. Given this bullish daily candle close on monday, I'm anticipating a further retracement and pullback on the higher timeframes to 1.086 to 1.087. Key zones are 1.08225 1hr zone and 1.0806 4hr support zone. We also may see price touch 1.0795. I am looking for a Weekly wick fill this week as we have momentum on the higher timeframes. Housing data, consumer confidence and job openings will play bring some volatility during NY and So I will be looking out for that.
Long
by ShrewdCatfx
The EURUSD Rollercoaster: Buckle Up, Bears and BullsHey there, currency cowboys and cowgirls! Grab your Stetsons and get ready for a rootin', tootin' ride in the forex rodeo, because it's FX:EURUSD week! We're diving into the labyrinth of the most traded currency pair on the planet, where the Eagles (USD) and the Sphinxes (EUR) battle it out in a mythical arena of numbers, trends, and Fibonacci spirals. It's not just a currency pair; it's a tale of two continents, and boy, do we have a story for you this week. Technical Tango: Who's Leading? Now, y'all know that trends are like a Texas two-step; you gotta know when to lead and when to follow. And right now, the EURUSD has been do-si-do-ing in a downtrend since the break of dawn—okay, since the beginning of the year—but you get the point. Last week, the pair two-stepped right below the critical support line of 1.0832. For those of you just tuning in, support levels are like the floor of a dance hall. Once you fall through one, you're tumbling down to the next. Our next dance floor—or should I say support level—is at 1.0609, painted by the brushstrokes of the 38.2% Fibonacci retracement of the recent rally from 0.9534 to 1.1274. A mouthful, I know, but stay with me, we're about to get to the good stuff. The RSI Rodeo Clown Now, every rodeo needs a clown to keep things from getting too rough. In the EURUSD circus, that role is played by the Relative Strength Index (RSI). Now, before you think it's just a hootin', tootin' sideshow, remember: the RSI is a powerful tool that can help you read the room—or market, in this case. It's currently in oversold territory, which could mean the bears are taking a breather and pawing through their salmon reserves. So, a rebound may be in sight. But don't start doing cartwheels yet. The overall trend is still a bearish ballad, and seeing the pair plummet below 1.0609 would be as unsurprising as a country song about a truck. Fundamentally Yours Let's pivot and talk about something even spicier—the fundamentals! The band isn't just playing a sad country tune for no reason. It turns out, the European Central Bank (ECB) raised interest rates in July. Normally, this would have the euro dancing like a cat on a hot tin roof. But hold your horses: the Federal Reserve is also in the race and planning on raising rates, but even more aggressively. The result? A widening yield gap that makes the U.S. dollar look like the belle of the ball. And oh, let's not forget the curveball that life loves to throw—war and rising costs. Europe is stuck in a tug-of-war with ongoing unrest in Ukraine and energy prices soaring faster than a rocket at a Fourth of July party. These headwinds could keep the euro grounded and make the ECB think twice before upping those rates. Keep Those Peepers Peeled Now, I know we've been painting a bearish barn, but it's not all gloom and doom. Watch the RSI like a hawk circling a field mouse; a sustained move above 50 could be your canary in the coal mine for a rebound. Also, keep your ear to the ground for any upbeat news about the European economy or the ECB. In this rollercoaster of a market, any breaking news can turn into a market mover faster than you can say "Yeehaw!" The Bottom Line So there you have it, folks. The EURUSD is living out its own spaghetti western, complete with villains, heroes, and an uncertain ending. The technical charts and the fundamental climate are both playing the blues for the euro. For this week, expect the pair to keep testing the limits of the 1.0609 support level. But remember, the market is as predictable as a cat at a dog show. Keep your eyes on the indicators and your finger on the trigger, ready to adapt your strategies at a moment's notice. It's going to be a wild week, so tighten your saddle, because we're in for one heck of a ride! Yeehaw, traders! 🤠 *Note: This article is for informational and entertainment purposes and should not be considered financial advice. Always do your own research and consult with financial professionals before making any investment decisions.*
Short
by TFLOfficial
EURUSD Technical Analysis and Trade IdeaRegarding the EURUSD, it's currently experiencing a downtrend, accompanied by a noteworthy retracement into crucial resistance levels. Our video comprehensively addresses essential components of technical analysis such as the prevailing trend, market structure, price action, price gaps, and other pertinent technical aspects. I'd like to emphasize that all details are thoroughly elucidated within the video, and it's important to note that this content should not be interpreted as financial advice.
Short
by fxtraderanthony
1
EUR/USD's 30-Minute Support and ResistanceIn the ever-evolving landscape of forex trading, precision holds the key to success. Every level, and every movement carries significance. Let's delve into the technical intricacies shaping the EUR/USD pair's journey within the 30-minute timeframe. Stepping on a Sturdy Foundation: Support at 1.07654 Within these critical minutes, EUR/USD finds a firm footing with the support level at 1.07654. This point serves as the bedrock, potentially giving the pair a platform for rebounds and potential recoveries. Navigating Obstacles: Resistance Points Explored However, the path is far from smooth. The pair faces a series of resistance points, each introducing a layer of challenge: First Hurdle - Resistance 1 at 1.08440: This marks the initial test for EUR/USD's upward momentum. If the pair can surmount this resistance, it could signify a shift in sentiment, possibly paving the way for extended gains. Stepping Up - Resistance 2 at 1.08775: As the pair advances, it encounters a more substantial barrier. This resistance level demands a more determined effort to breach, testing the depth of the bullish sentiment. Strategic Insights: Mapping the Journey Ahead For traders and observers, the interactions between EUR/USD and these support and resistance levels are a treasure trove of insights. Every movement, every breakthrough or pullback, holds valuable clues about the market sentiment at play. The solid support at 1.07654 offers a crucial layer of protection, providing potential opportunities for rebounds. Nonetheless, the resistance points at 1.08440 and 1.08775 are formidable challenges that the pair must overcome for sustained upward movement. As the clock ticks within this 30-minute window, the movements of the EUR/USD pair unfold like a captivating drama. The interplay between support and resistance, between buyer and seller, forms a dynamic narrative that traders keenly follow to glean insights into the short-term direction of this vibrant currency pair.
by enclavefx_Analaysis
EUR/USD about to go Bullish now?EUR/USD has been in a prolonged state of downtrend for more than 40 days now. After reversing from 1.1270, the price has dropped nearly 500 pips. At present, we can see that EUR/USD is at the bottom of an ascending price channel as shown in my chart. If you look closely, you will notice that even in the previous two occasions, EUR/USD has reversed after hitting the lower trend line of the price channel. So, if the area at 1.0750-1.08 region continues to hold, we can see a Bullish reversal in EUR/USD.
Long
by MarcellusLUX
8