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Eurusdoutlook

Which way Euro?Hello traders, We are approaching the holiday season and volume tends to drop, sometimes it's better to expect a more "rangy" price action. I wouldn't be surprised if it takes out the last H4 swing high and returns back to the range. Given that, I'm mainly expecting four different scenarios: 1) Price reacts to the current chain supply and pushes down during the Asia session, probably providing short opportunities during the next London session. 2) Price continues the current trend and breaks above daily supply. This is the bullish case where I would be confident in looking for longs positions. 3) It goes higher than the last H4 swing high but fails to close above it. This is the second bearish scenario, where I would confident in taking short positions following the M15 structure. 4) The last case scenario is one where price take the last swing high, fails to close above it and comes back into the range slowly and it doesn't provide opportunities. This is the more "rangy" type of price action, which is definitely something to take into consideration. Tomorrow there is "Consumer Confidence" data but I'm not expecting huge volatility from it but it will definitely help during this period. Take care and good luck traders :)
by CirculoForex
EUR/USD approaches minor support level, what now?Hello traders, hope you had a great weekend. Last Friday, we made some good profits of 100+ pips by selling EUR/USD at the 1.10 resistance level. Now, at the moment, the price is approaching a minor support. Whether the support level holds is another question. Price action tomorrow will be the determining factor. Although, as we approach the end of the year, volumes will continue to reduce as most of the big institutional traders will be on holiday. Of course, I would not open any new sells at the current price levels. However, in case EUR/USD spikes up to the resistance again, I will consider putting in new sell trades.
by YourLazyTrader
10
EURUSD Longs from 1.08000 up towards 1.10500The bias for the EUR/USD this week remains bullish, given the recent downward break in the DXY (Dollar) structure. Currently, the price has responded to a supply zone, leading to a partial retracement. My anticipation is for the price to continue its descent towards a demand level, creating an opportunity for me to consider buys within the ongoing bullish trend. The demand zones identified on the 10-hour and 2-hour charts triggered an impulsive upward movement, leaving an imbalance. Recognising this pattern suggests that the price is likely to revisit these levels and react in a bullish manner. Confluences for EURUSD Buys are as follows: - DXY (dollar) continues to break structure to the downside indicating that EU will rise. - Lots of liquidity to the upside that hasn't been taken in the form of asian highs and trend lines. - Demand zones haven been left on the 10hr and 2hr below the levels of imbalances. - The price also responded to a near by 23-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. Additionally, I acknowledge the possibility of the price ascending and reaching the Asian high, which is in close proximity to the current price. Should this occur, my expectation is for the price to respond to the refined supply on the 50-minute chart above it, or potentially rise further to establish a more favourable sell opportunity. I would also love to hear you guys thoughts on this pair so be sure to leave a comment!
Long
by Hassan_fx
EUR/USD Swing Trade to 1.1500I originally initiated a long position at 1.0854 on November 16th. After the huge bullish day on the EUR/USD on November 14th, I decided that the potential run to the next long term median level (1.1500) was on the table and although there was a threat of a pullback and I would have to endure some drawdown, the Bulls should uphold support around the median level at 1.0800. Another reason for wanting to hold was the small “Hidden” Divergence between price and the MACD which thus far has been working out. I will continue to hold this swing trade as long as price stays above 1.0800 and target 1.1500. There is a short term 2023 median level that I am aware of at 1.1100, however since the levels for 2023 are coming to an end, this should not matter. It remains to be seen going into 2024.
Long
by InternalTraderNYC
2
EURUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: As I expected in my previous analysis price made a retracement and almost filled the imbalance. Now we can see a rejection from bullish order block, so I expect bullish price action upcoming days. Fundamental news: Upcoming week on Tuesday we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate in Europa. News with important impact on both currencies. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
#EURUSD: Possible short term selling opportunity! Hey Everyone, DXY will be volatile this week due to NFP and other strong data coming out from Wednesday to Friday market will be too volatile and keeping that fact in mind we think EURUSD may be bearish. Wait for price to come to red designated area so that we can enter short there. Once entered keep stop loss small and to you risk management. Target will be divided into two, close half of the position at target one and keep the rest of the position running for price to reach our target two. If you like our work and analysis, please like the idea.
Short
by Setupsfx_
8
EURUSD Technical Analysis And Trade IdeaThe EURUSD has shown a robust upward trajectory, subsequently experiencing a bearish shift in market structure. This video delivers an intricate breakdown of this trend, meticulously scrutinizing price fluctuations and uncovering potential trade prospects through comprehensive evaluations across weekly and daily timelines. Expect a comprehensive review encompassing price shifts, market patterns, trend assessments, and vital technical analysis elements. It's imperative to stress that the information shared here serves solely for educational purposes and should not be construed as financial counsel.
by fxtraderanthony
EURUSD Technical Analysis And Trade IdeaIn the recent times, EURUSD has broken market structure to the downside, indicating a possible sell opportunity. This video presents a detailed analysis of this trend, meticulously examining price movements on both the weekly and daily charts. Please note, the content presented here is purely educational. It's crucial to emphasize that while the analysis provides valuable information, it should not be interpreted as financial advice or guidance.
Short
by fxtraderanthony
💡 EURUSD: Continued declineEURUSD continues to fall sharply and has had six consecutive losing sessions. By this time, more oversold signals have appeared. In addition, the 1.075 resistance zone is also an important resistance zone. Please pay attention to observe the signs. Price behavior here, if there is a signal of price increase, you can consider buying again. In case it is broken, the price will likely adjust sharply down, towards the resistance area around the 1.0500 threshold.
Short
by Stone_Haven
2
EURUSD Longs from 1.07000 up to 1.08800This week's forecast for the EURUSD aligns with the breakdown observed in GBPUSD, indicating a positive correlation between these pairs. In the case of EURUSD, I anticipate further downward movement to reach a 19-hour demand zone. Following this, I expect a bullish reaction, propelling the price upward towards a more favorable supply zone for a potential sell-off. Additionally, there is significant liquidity positioned above the current price, providing an additional rationale for a retracement. Given the recent bearish trend, I foresee an impending pullback, which I anticipate will occur during this week. Confluences for EURUSD Buys are as follows: - Price entering a 19hr demand zone that caused a broke of structure to the upside on HTF. - There lots of liquidity lying above in the form of Asian highs and trendline liquidity. - Price has been moving bullish the last couple of weeks and I consider this a pro-trend trade. - The DXY (Dollar) is also temporarily bearish which means I'm expecting this pair to keep going up. - The imbalances that were left previously have now been filled so price could be ready to retrace. P.S. Although I am currently seeking buying opportunities in the demand area just below the current price, it wouldn't be surprising if the price decides to drop further to reach a more affordable zone. This adjustment could potentially result in an improved bullish position. Additionally, upon entering a supply zone, I anticipate the price to sustain a bearish trend, given the prevailing bearish sentiment in the overall market for the EURUSD.
Long
by Hassan_fx
EURUSD resume uptrend?EURUSD's daily chart showcases a strong bullish momentum, with a notable opportunity for a sustained buy position identified at the highlighted demand level in blue. This level, signaling a concentration of unfilled orders, suggests significant underlying strength. The envisioned long-term target for this buy position aligns strategically with the supply zone at the chart's pinnacle. Investors eyeing potential opportunities in the currency pair may find the current bullish trend compelling, with the highlighted demand level serving as a promising entry point. The anticipation of continued upward movement is supported by the concentration of unfilled orders at this level, reinforcing the potential for a sustained bullish trajectory with the long-term target aligned to the supply zone at the chart's upper extremity.
Long
by ForexWizard01
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase. Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis. Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
by fxtraderanthony