Eurusdoutlook
EURUSD - Wait for a long position ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.09000.
Fundamental analysis: Upcoming week on Tuesday will be released monthly Retail Sales in USA. If the result is negative for USD it will support the analysis.
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EURUSD LONG!!!Hello Traders,
Here I share our latest analysis for Eurusd, which price is bouncing in ascending channel in 4h TF,
We determined some key levels which we expect price to be reacted in those areas, so it is clear we waiting for the price to reach to high volume area that determined in blue rectangle, after that wait for the price take back last lower-high and then you can place good R:R order in FTC area or doji candle ,
Ae mentioned different scenarios in the chart which price can react,
It is not a signal it is just an analysis which you can consider in your trades, currently I am in LONG position in EURUSD so we expect bullish move in following days,
Any question comment me bellow
@FxShzd
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
EU - Weekly Timeframe Analysis (ICT)Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there.
The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG.
Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst What happened EU?
0:0 Monthly timeframe
1:03 Weekly timeframe
2:59 Daily timefraem & CPI talks
6:20 Simplify your T.A.
7:26 4hr timeframe
9:53 1hr timeframe
Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower.
When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
EUR/USD Analysis for Thursday August 10thCorrection in the video: I meant PPI numbers, not CPI*
In this video I share a potential bullish setup for the EUR/USD and what I'm looking for in terms of targets and trend continuation.
The EUR/USD has been on a slight uptrend and continues to make decent pullback dips for us to position ourselves for the next potential swing.
Trading Tip: Use a stop loss and stay patient in your trading approach. There is no need to rush or chase any market. Protect your capital and patiently observe the price action movement.
EURUSD 4H Pivot Price:1.1035 EURUSD
stabilizing above 1.1035 will support rising to touch 1.1077 then 1.1120 then 1.1183
stabilizing under 1.1035 will support falling to touch 1.1010 the 1.0957
Pivot Price: .1.1035
Resistance prices: 1.1077 & 1.1120 & 1.1183
Support prices: 1.1010 & 1.0957 & 1.0924
timeframe: 4H
Impending [CPI] Volatility 🏁 Cut L's Short and Let profits run!Okay everyone, buckle up your seat belts!
0:0 Federal reserve goals for inflation & Monthly timeframe
2:15 Weekly timefraem
3:17 Daily timeframe
5:09 4hr timeframe
9:45 Careful with CPi, it can move hard!
10:00 1hr timeframe
The time has come for August CPI and it's also a special occasion🦁. This is the first report in over a year in which inflation is expected to increase in the CPI Y/Y. Looking back into history, it is shown that inflation doesn't come down in a linear fashion. This signals that the fed will have to hold interest rates higher for longer to reign in spending. The federal reserves goal is to achieve a 2.0% CPI Y/Y . The CPI Y/Y is expected to increase from 3.0% Y/Y to 3.3% Y/Y. If the CPI is less than 3.0% Y/Y like 2.9% for example then we can observe the fed moving closer to it's goal and should see risk on assets be favored and consequently safe haven assets like the USD decrease in value. Thus, pumping up EU towards 1.108 Daily resistance zone. I like this since the price has been doing what I thought it would do all week and is moving as accordingly for my analysis.
With all this said, I could be wrong as we may see inflation not only increase, but increase more than expected thus seeing a price dump on EU towards 1.09 weekly support level. Only trade with money you can afford to lose and Tbh I didn't trade news for the first 2 years. I sat on the sidelines and there is nothing wrong with that. See you in the next vidoe and thanks for reading this far!
EURUSD: Long trade activeThe daily has been in a range for the last 9 days but there has been some amazing trading opportunities.
However, the H1 is currently doing battle between a supply and demand level and feel the outcome of this will determine where the market moves next.
Im not fully bullish on this move until we break that strong swing high. My stops are at breakeven.
Here is my entry on the M5:
Please be aware that there is high-impact CPI news today so be careful out there.
EURUSD 30M Support and ResistanceIn the world of forex trading, deciphering technical levels is akin to navigating a map in uncharted waters. This concise analysis delves into the 30-minute chart of EUR/USD, shedding light on vital support and resistance levels that can empower traders in their decision-making.
Support Level 1: 1.09514
Our journey begins with a prominent support level of 1.09514. This historical anchor showcases instances where EUR/USD has found stability amidst downward trends. Traders are keenly observing this level, as a rebound could indicate an impending upward shift. Conversely, a breach might imply further declines, underscoring the role of this support in gauging market sentiment.
Support Level 2: 1.09344
As we delve deeper, the second support at 1.09344 comes into focus. This level acts as a reinforcing foundation, potentially providing a safety net if the price encounters downward pressure. Traders are attuned to any signs of the price respecting this level or potentially dipping below, which could lead to heightened market activity.
Resistance Level 1: 1.09900
Venturing upwards, we encounter the first resistance at 1.09900. This juncture has consistently challenged upward momentum, representing a significant hurdle to overcome. A successful breach might herald a continuation of a bullish trend, while a retreat could result in range-bound movement. Traders are closely monitoring the price's reaction around this resistance level to assess its potency.
Resistance Level 2: 1.10100
Building on the prior resistance, the second level at 1.10100 presents a pivotal milestone. Its significance lies in the potential for a price surge after surpassing the initial resistance. However, it also serves as a likely point for profit-taking, potentially causing temporary slowdowns or reversals. Traders are attuned to the interplay between upward momentum and resistance intensity.
Resistance Level 3: 1.10500
The final resistance at 1.10500 stands as the ultimate challenge before scaling higher peaks. If EUR/USD clears the preceding resistance levels, conquering this juncture might signal a robust upward surge. Traders, however, must be prepared for heightened volatility and potential corrective moves around this level.
In summation, the EUR/USD 30-minute chart paints a dynamic picture characterized by crucial support and resistance zones. Traders scrutinize how the price interacts with these levels to discern short-term sentiment and potential market direction. While these levels are invaluable guides, a comprehensive analysis, coupled with prudent risk management and consideration of broader market trends, remains paramount for crafting effective trading strategies.
EUR/USD 30-Min Chart: Navigating Crucial Support and Resistance Step into the world of currency trading as we dissect the EUR/USD 30-minute chart. Unveil the technical intricacies that can illuminate your trading decisions by identifying key support and resistance levels.
Support Levels:
1.09514: The initial stronghold. A potential bounce from here could signify an upward shift.
1.09343: Delving deeper into support. Keep a watchful eye for potential trend changes around this mark.
1.09101: The lowermost support. If breached, it might indicate a more substantial alteration in trend direction.
Resistance Levels:
1.10120: The first hurdle. Breaking through this level could pave the way for further upward momentum.
1.10475: An intriguing juncture. Pushing beyond this might signal a strengthening bullish sentiment.
Remember, the markets are ever-evolving. These levels are tools to guide you, not certainties. Blend them with a comprehensive trading strategy and consider broader market factors. Stay adaptable and trade wisely. Happy trading!
EURUSD TRADE IDEA (AUGUST 9, 2023)EURUSD TRADE IDEA (AUGUST 9, 2023)
EURUSD is currently trading within a falling channel.
Price is on it's way to kiss the top of the channel at 1.0989-95 area.
A short position at this channel top will offer an amazing trade with great risk reward ratio.
Your 'Stop loss' should be at 1.1017, and your targets should be at:
1.0930, 1.0915, 1.0890, and lastly the channel bottom 1.0830.
Return to the lows prior to Inflation data 🧐Thanks for reading this! Really enjoy doing these vidoes.
0:0 Monthly timeframe
1:33 Daily timeframe
3:42 Daily timeframe
7:12 4hr timeframe
9:22 1hr timeframe 3:35 Bias
My Idea for for this week : with our quite, no news market conditions through the first 3 daily candles of the week, I can observe a decrease towards 1.09373 Daily support level or a tap into 1.09 weekly support. When U.S. Dollar CPI arrives on thursday, and it is expected to increase, I can visualize a blast off in favor of the EUR. Now, increasing inflation is technically not good for the USD and the federal reserves goals. The market often doesn't do what it's supposed to do. I'm favoring this idea. The opposite would be an increase to the highs of our range near 1.10236 weekly level and 1.1036 4hr resistance zone prior to CPI.. and then a consequential dump in favor of the USD. Either way we must remain flexible with our bias and let the market lead.
EURUSD: Waiting for a turbulent Friday!The EUR/USD rose back to 1.1000 during the American session, boosted by a weaker US dollar across the board amid an improvement in risk appetite. It was a relatively quiet Monday for financial markets as attention is focused on incoming US inflation data later in the week.