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Eurusdoutlook

EURUSD Technical Analysis and Trade IdeaThe EURUSD pair has reached a significant daily support zone. It's evident that the price has exceeded its usual range, and there's a potential for it to pull back towards the support levels. Within the video, we delve into the examination of the prevailing trend, price movements, market patterns, and other critical components of technical analysis. As we near the conclusion of the video, we explore a prospective trading opportunity, adhering to our customary practice of thoroughly explaining all covered aspects. It's important to emphasize that the content of the video should not be construed as financial advice. Remember, trading involves risks, so it's crucial to effectively manage your risk exposure.
by fxtraderanthony
2
Inherent risks in selling the Low/Psychology Supersedes🔨 Not already positioned ? then careful about sharp liquidity grabs 0:0 Monthly timeframe 1:54 Weekly timeframe 3:26 Daily timeframe 6:02 4hr timeframe 9:40 1hr timeframe I've found that often times in the market the best thing to do is often the hardest thing to. Going against human nature is not an easy task. It take time months if not years of consistent conditioning to master this concept. Thinking about where other market participants are positoned can contribute to your edge in the market. With all this said, we currently have clean traffic on the Daily and 4hr down to 1.0747 Daily support zone. I've been talking about this price point for weeks (go back on my publishings) ever since the July monthly candle failed to close above 1.1025 key level. This bias was confirmed when Inflation data failed to be the catalyst to take us above 1.1025. I wouldn't be surprised to see a harsh correction with London prior to a continuation of towards 1.0747 which we will tap into today or next week probabilities suggest.
Short
by ShrewdCatfx
4
Time is Ticking ⏳-> Market Structure & Pin Bar Daily Candle What are your thoughts on the Daily Pin Bar that closed bullish? 0:0 Monthly timeframe 2:02 weekly timeframe 3:22 Daily timeframe 8:23 4hr timeframe 11:17 1Hr timeframe As Eurusd Swept past the Monthly lows by 30 pips today, I 😁 because I called it out on the channel. Manufacturing data acted as a catalyst to continue the trend bearish. Was it luck when you are right? Idk but trading with the trend is often the Shrewd thing to do. The majority of participants whom share their thoughts on trading view here were heavily buy biased. This is precisely why the market moved down so swiftly with manufacturing data as many participants were liquidated in a short period of time as the pyramiding concept took over and there was an avalanche of liquidations. An important part to running a successful small business as a trader begins with having a mind of your own. Doing your own analysis and crafting your own view of market activity. With this said, I'm biased towards the long side as we are towards the lows of structure on the Daily chart and structure. I could be wrong and is why I always stay very flexible. It's not about being right, it's about making money.
Long
by ShrewdCatfx
EURUSD: What happens next if the news is still intriguing?The EUR/USD pair hovers around 1.0900 ahead of Wall Street’s close, holding on to modest intraday gains. The US Dollar failed to attract speculative interest despite a generally sour mood. Asian stocks edged lower as Chinese real estate sector woes continue, while the local central bank was unable to impress. The People’s Bank of China (PBoC) cut the one-year Loan Primer Rate by 10 basis points (bps) to 3.45% on Monday, as expected, following similar measures last week. The Yuan fell with the news, as speculative interest was waiting for a more aggressive measure to support the local currency. Support levels: 1.0860 1.0825 1.0790 Resistance levels: 1.0930 1.0960 1.1005
Short
by Sphyn-Trader
2
Engulfing candles = ⬆️ Probabilities of MomentumZooming out and observing EU price behavior so far thus year, we discover that each time the Exchange rate pulls back down, it begins to turn back to the upside at about 500 Pips 0:0 Monthly timeframe 2:14 Weekly timeframe 3:52 Daily timeframe 8:50 4hr timeframe 13:35 1hr timeframe Hey Everyone, a longer analysis today. Omg it took me like nearly 2 hours to upload this one today after having issues with uploading due to internet connection. Hope you enjoy have a good trading day. In the previous publishing, I was anticipating EU to rise from 1.088 back to 1.09 before contiuing the downward trend. Why 1.09 you may ask? Well 1.09 is the weekly support level created in June/July . The weekly candle last week failed to respect this 1.09 weekly support level. In the market, Support level's become Resistance level's and vice versa. So knowing this, I was able to captilize on the downside push today and was not surprised to see it occur. Observing the daily candle today, we can see that the Daily candle closed below our daily support level at 1.0853. Similarly, we now may anticpate this previous support level to now faciliate a selloff and continuation to the downside. Because I enjoy following the trend. You can be a contrarian, and that is fitting to some personalities. The Daily candle signaled quite a strong selloff after it hit the previous daily candle highs, grabbed liquidity , then teared lower & breaking hearts finishing the day down .45% and closing below all candles to the left hand side. 1.07452 or 1.07 asking too much by end of August Eurusd?
Short
by ShrewdCatfx
EurUsd could drop under important supportSince the recent 1.13 top, EurUsd started to fall, with rallies clearly sold. Also, the mid of August is marked by a break under the ascending trend line that kept the price elevated for almost a year. At this moment the pair is trading exactly at the horizontal support and a break also under this support is probable. In such an instance EurUsd could drop to the next important support that lies 200 pips under. I'm looking to sell rallies for EurUsd and an ideal price could be 1.0950 with negation above 1.1150 for a 1:3 risk: reward trade.
Short
by Mihai_Iacob
15
🔔 Bulls can regain 1.09 before Bear continuation Bull market structure has flipped bullish early in the week. 0:0 Monthly Timeframe 1:42 Weekly timeframe 3:22 Daily timeframe 5:04 4hr timeframe 7:30 Bearish Channel from last week 9:07 1hr timeframe The Market can do anything and it is always right. With that said, it's still okay to create a forecast. Looking at the way price respected 1.0853 Daily support level during Friday's NY session gives confidence for a relief rally. Also Friday's daily range was small compared to the rest of the week & it closed as a Doji. These are confluences and I'm using this critical thinking to arrive at possible scenario. If price fails to make it past 1.0883 1Hr resistance zone then we will likely retreat towards 1.0869 where there are (2) 1hr support zones. Otherwise I'm anticipating an early in the week push towards 1.089 4hr resistance zone and 1.09 which was weekly support level. 1.09 may now act as a weekly resistance zone since the weekly candle last week just closed below it. it may facilitate a selloff with this new week down to our next weekly support level 1.07
Long
by ShrewdCatfx
EURUSD 30M Support and Resistance LevelsThe EUR/USD currency pair, a popular representation of the Euro against the US Dollar, is exhibiting notable price dynamics on the 30-minute chart. Let's delve into the crucial support and resistance levels that are currently shaping the market sentiment. Support Level: Support 1 at 1.08440: The price action has shown significant adherence to the support level at 1.08440. This level is acting as a safety net against downward movements, with buyers consistently entering the market around this point. Traders and analysts will be keenly observing the behavior of the price near this level, as a breach might signal increased selling pressure. Resistance Levels: Resistance 1 at 1.09354: The 1.09354 resistance level has served as a key barrier for upward movements. The price has encountered difficulty surpassing this level, suggesting a presence of selling interest. Traders will be closely monitoring any sustained price action above this level, as it could indicate a shift towards a more bullish sentiment. Resistance 2 at 1.09609: Moving higher, the price faces the 1.09609 resistance level. A convincing break above this mark could pave the way for further bullish momentum, potentially attracting more buyers to the market. In the current market landscape, understanding these pivotal levels is crucial for traders and investors. The support at 1.08440 acts as a safety net against potential downward pressures, while resistance at 1.09354 and 1.09609 represents significant obstacles for upward movements. Observing how the price reacts around these levels provides valuable insights into short-term price trends and potential breakout scenarios. In summary, the EUR/USD 30-minute chart demonstrates the impact of these support and resistance levels on the market's behavior. Traders should remain attentive to shifts in price action around these levels, as they offer valuable guidance in assessing potential trading opportunities and market sentiment.
by enclavefx_Analaysis
All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point. 0:0 Monthly timeframe 2:05 weekly timeframe 3:30 Daily timeframe 5:50 4hr timeframe 9:11 1hr timeframe 11:40 recap of recent trade Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853 Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
Short
by ShrewdCatfx
2
Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD. A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD. What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
by ShrewdCatfx
No 😵 not flat over the past 24 Hours Eurusd? Eurusd fav prices, fundamentals breakdown, and looking forward 0:0 Monthly Timeframe 1:25 Weekly timeframe 2:32 Daily timeframe 4:36 4hr timeframe 7:50 FOMC meeting minutes during upcoming NY 8:49 1hr timeframe 9:30 Retails sales data from today Price bounced from weekly support +40 Pips as expected, looking for more accumulation in next 5 trading days Ohh gosh, I don't want to overthink this one. I'm afraid it may turn out to be the case.. We have retraced back to our weekly support level 1.09 and are unchanged over the past 24 hours. The daily candle has pulled all the way back down and closed bearish, the 2nd bearish close this week after the strong selloff on Monday. The Daily candle also retested the bottom of structure from the range we observed over the first 2 weeks of August. The monthly candle is pulling down and we've been doing so since Interest rates during the final week of July. The Weekly timeframe has so far completed our fakeout concept from 1.1025 down to 1.09. The question is will we see this fakeout continue it's way down to the next weekly zone(and also monthly zone) 1.07? Just follow the system though and have no worries. Nothing is achieved with worry, but suffering. Trust in thy system and experience and gold shall line thy pocket in due time. Safe trading everyone , cheers
Short
by ShrewdCatfx
3
EUR/USD choose the break - I say down to 1.000I'm really not good at analysis when markets are in a range and predicting the breaks unless the breakout patterns are strong and impending. IN this case, it could be a Rising Wedge, which requires a breakout to the downside. Or it could be a rising Wedge, where the breakout can turn up and go above the apex. I'll route for a breakdown, purely based on the 21>7MA - down momentum and RSI<50. Then potential target will be back to 1.0000. Which way do you think it's going?
Short
by Timonrosso
1