EURUSD 8June2023EURUSD is likely to rise quite high. you can go long when there is a correction with a SL limit below the invalid area.
Eurusdoutlook
EURUSD Support and resistance markupI decided to display how I mark up my charts. I will be trading EURUSD going forward. I intend on leaning closed into naked trading as I don't use many indicators.
EURUSD: Tumultuous week!Overview of the market
On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670.
In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
EURUSD to balance out before hitting 1.07800Having shown bullish intent, EU is headed downwards to collect more long orders and close losing shorts before hitting buy-side liquidity at the 1.07800 level. Trading idea only, use your own judgement before risking money.
EURUSD BUY @1.07054BUY EURUSD AT 1.07054 WAIT FOR PRICE TO COME OVER THAT ZONE AND LOOK FOR SOME CONFIRMATION (like hammer candle or long wicked candle) or directly place order'
Follow partialing tp1
EurUsd could drop to 1.05On Friday's EurUsd market commentary, I've written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend.
The pair, indeed reversed from that zone, but what should have been a correction is looking more and more that a resumption of the move started in mid-April.
Technically also a bearish move is more likely with this reversal from the 1.0750 zone, a zone that acted as support of resistance in the last year and also as strong support back in 2020.
Also, with the price under both 50 MA and 100 MA, a bearish move is more likely.
In conclusion, as long as 1.08 is intact, I'm looking to sell rallies.
Weekly Trade Planning Session
Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI.
Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for the upcoming week starting on June 4th, 2023.
Utilizing the 4 Bar Rules, we have determined specific buy and sell points for each pair. These points will serve as reference for making informed trading decisions throughout the week.
We hope you find this session informative and enjoyable as you navigate the exciting world of trading!
Have a blessed trading week.
EURUSD Looking for sell if the price closes below the swing low Hey traders, here is the analysis for the EURUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Anticipating long from 4h FVGHey traders, here is the analysis for the EURUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Bearish bias on EURUSDHey traders, here is the analysis for the EURUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
EUR/USD Outlook for Wednesday May 31stIn this video I go through what I'm expecting on the EUR/USD moving forward and what levels I'm watching to take profit and analyze the Bullish or Bearish case scenarios.
EURUSD Daily OutlookEURUSD pared some of its gains after a minor pullback. Markets eye the US House of Representatives vote on the US debt deal for further direction. It hits an intraday low of 1.06621 and is currently trading around 1.06604.
Major economic data for the day
German CPI
FOMC Member Harker Speech (4:30 pm GMT)
US JOLTS job openings (2:00 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 63% from 36.40% a week ago.
The US 10-year yield pared some of its gains due to profit booking. The US 10 and 2-year spread narrowed to -78% from -108%.
The pair trades below short-term 21 EMA, 55 EMA, and long-term (200-EMA) in the 4-hour chart. Any indicative break below 1.0660 confirms intraday bearishness; a dip to 1.0600/1.0600 is possible. The near-term resistance is around 1.0760. The breach above targets 1.0800/1.0865/1.0900.
Indicator (4-hour chart)
CCI – Bearish
Directional movement index – Bearish
It is good to sell on rallies around 1.0700 with SL around 1.0750 for a TP of 1.0600.
EURUSDPotentially looking good for a short position
Past results does not guarantee future results, kindly do your due diligence before taking any position.
EURUSD 31May2023finally the price touched the SnD area, looking at the shape of the candle that occurred today, it is likely that there is still considerable bearish pressure. if you see the price in the SnD area, the fibo extension has reached 1, there is indeed a possibility of correction. but it's better to wait for a bullish confirmation candle if you want to take the opportunity to buy.
EURUSD: Anticipating Non-farm!EUR/USD advances toward 1.0750 amid US debt deal optimism
Fundamental technical analysis:
The Relative Strength Index (RSI) continues to be present in the middle. The average price is still declining, with the 34 EMA and 89 EMA staying steady, creating a consistent downtrend over a period of time. Additionally, the flag pattern has begun to take shape.
Market overview:
On Friday, EUR/USD started to rise after a four-day decline that resulted in the pair reaching its lowest level in over two months near 1.0700. The near-term technical outlook does not yet show a bullish inclination in the short term, and the next directional move may be influenced by the Personal Consumption Expenditures (PCE) Price Index data from the US later in the day.
The US Dollar (USD) was boosted on Thursday by positive macroeconomic data releases from the US, which revived expectations for one more Federal Reserve (Fed) rate increase in June. The US Bureau of Economic Analysis revised the first-quarter annualized Gross Domestic Product growth to 1.3% from 1.15 in the initial estimate, and the weekly Initial Jobless Claims came in below the market expectation of 245,000 at 229,000.
EURUSD Long Term Selling Idea Hello Traders
In This Chart EURUSD HOURLY Forex Forecast By World of Forex
today GBPCAD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
EURUSD 28May2023still in accordance with last week's analysis, prices will continue to fall in the SnD area. there is a possibility that the price will continue to fall closer to wave 2 as an invalid area. the invalid area here serves as a barrier to analysis, that the main trend analysis is bullish, while the current bearish trend is a correction of the bullish trend. when the price is in the SnD area you can wait for an opportunity to go long, but if the price continues to fall, then it's better to wait back near the invalid area to go long.
$EURUSD👑 #EURUSD BUY 👑
Entry:
1.07127✅
Targets:
1️⃣1.07444🎯
2️⃣1.07879🎯
3️⃣1.08242🎯
4️⃣1.08735🎯
5️⃣1.09057🎯
Stoploss:
1.06629🛑
eurusd as it seems and smells price continues pushing down and will take a little breath in 4h orderblock
but i think will be continue till daily low
EURUSD: Clings to multi-day low!Hello traders, some information to help you trade better is here.
The EUR/USD experienced a consecutive drop, resulting in the lowest daily close in two months, due to the US Dollar's increasing strength. The Greenback was supported by higher Treasury yields and risk aversion. Any recovery seen during the European session was short-lived, and the pair returned to trading near 1.0750.
Economic data released on Wednesday revealed that the German IFO Business Climate Index dropped slightly to 91.7 in May from 93.4 in April (revised from 93.6), contrary to the market expectation of 93. However, this report did not have any impact on the Euro. On Thursday, a new estimate of Q1 GDP will be released by Germany, which is expected to remain at 0%.
According to the FOMC minutes, officials had differing opinions on the future of interest rates. Some members believed that more rate hikes were necessary, while others argued against further policy tightening. Overall, there was uncertainty about the appropriate amount of policy tightening. The US Dollar experienced a slight weakening after the minutes, but still maintained most of its daily gains.
Market sentiment deteriorated further amid a gloomy growth outlook and the debt-ceiling drama. Negotiations continue in Washington but no deal yet. On Thursday, economic reports due in the US include Jobless Claims.
BUY EURUSD Confirmation
• Sell-side liquidity taken out.
• Break in Market structure.
Entry
• At FVG
Target
• Above 1.08050
Good luck.Trade responsibly.
eurusd 15m shorteverything is already explained on the chart
if market break the red line after flip we can sell
and if price go higher same senario will be reapeted but more probabely
EURUSD: The return and new position of EUREUR/USD dribbles below 1.0800 amid lackluster US debt ceiling talks, focus on ECB’s Lagarde, Fed Minutes
The EUR/USD pair resumed its downward trend after a brief recovery, touching last week's low near 1.0760. The US dollar is performing better than the Euro, leading to a bearish bias for the pair. Despite optimistic statements from the European Central Bank (ECB), weak data from the Eurozone has failed to boost the common currency. Preliminary PMIs from May showed a decrease in the Manufacturing index, while the Service index managed to stay above market consensus. Inflation indicators improved slightly, but the Services sector's inflation rose, which is something that ECB officials have recently addressed. Germany's Manufacturing Index fell to a 36-month low, whereas the Service Index unexpectedly rose to its highest level in 21 months.
Plan trade in the intro
