Eurusdoutlook
EURUSD | 30min | Trade Idea Looking at EURUSD on the 30 Minute & 1 Hour chart we can notice that EURUSD broke out of our short term trend and has started headed up, no looking to the right, we can expect EURUSD to push down to create/confirm a new minor support level for the short-term before pushing up for a potential +100 / +140 pips.
EURUSDTitle: EURUSD Positional Trade: Bullish Structure Developing Above 1.08256
Hello traders! 📈
I would like to share a potential positional trade opportunity in EURUSD with you. The current market structure indicates a shift towards a bullish trend, and I believe there is potential for further upside movement.
Entry: Buy above 1.08256
Support Level: 1.08256
Targets:
1) 1.08462
2) 1.08712
3) 1.08952
4) 1.09329
By setting a buy entry above 1.08256, we aim to capitalize on the developing bullish structure in EURUSD. Remember to exercise proper risk management and adjust your position size accordingly.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Please conduct your own analysis and consult with a financial advisor before making any investment decisions.
Happy trading! 🚀💰
#EURUSD #ForexTrading #PositionalTrade #BullishStructure #TradingView
EURUSD: Next goalFundamental Overview
Despite the bets for more rate hikes by the European Central Bank (ECB), the shared currency, EUR/USD, is not getting any respite. ECB President Christine Lagarde has warned that stubbornly high inflation needs to be curbed, and there are factors that can cause significant upside risk to the inflation outlook. However, this announcement does not impress investors or support the EUR/USD pair. Investors are now waiting for the ECB Bulletin for some impetus, while keeping an eye on Fed Chair Jerome Powell's appearance later this Friday.
EUR/USD holds gains above 1.0800 amid weaker US Dollar, yields
Plan trade in the intro
EURUSD one more upside leg coming EURUSD Analysis: Oversold Conditions Suggesting Potential Rebound
The EURUSD currency pair has recently been displaying signs of being oversold on both the weekly and daily timeframes. This indicates that the selling pressure on the pair has been excessive, potentially setting the stage for a significant rebound in the near future.
On the weekly timeframe, the EURUSD has been in a downtrend, with the price steadily declining over the past several weeks. This downward movement has pushed the pair into oversold territory, as indicated by technical indicators such as the Relative Strength Index (RSI) and the Stochastic oscillator. These indicators measure the strength and momentum of price movements and provide valuable insights into overbought or oversold conditions.
The RSI, for instance, measures the speed and change of price movements and ranges from 0 to 100. A reading below 30 is considered oversold, suggesting that the selling pressure may have been excessive and a reversal could be imminent. Similarly, the Stochastic oscillator compares the closing price of an asset to its price range over a specific period, indicating potential overbought or oversold conditions. When the Stochastic oscillator drops below 20, it signals that the asset is oversold.
When analyzing the daily timeframe, we observe a similar pattern. The EURUSD has experienced a downward trend with successive lower highs and lower lows. This consistent decline has also pushed the pair into oversold territory, raising the possibility of a price correction in the near term.
Considering these oversold conditions on both the weekly and daily timeframes, traders and investors may anticipate a reversal or bounce in the EURUSD pair. If such a rebound occurs, it could lead to a substantial upward movement in the exchange rate.
Identifying potential target levels for the rebound, we can look at key support and resistance levels or previous price levels of significance. Target 1 could be set at 1.117, which represents a previous support level that could now act as resistance. If the pair manages to break through this level, it could open the door for further upside potential.
Target 2, on the other hand, might be set at 1.134, another notable resistance level where price could encounter significant selling pressure. Reaching this level would indicate a more substantial recovery for the EURUSD pair, potentially providing profitable trading opportunities for those anticipating such a move.
However, it's important to note that market conditions can change rapidly, and technical indicators are not foolproof. Traders should always employ risk management strategies and consider multiple factors, such as fundamental analysis and market sentiment, when making trading decisions.
In conclusion, the EURUSD currency pair currently exhibits oversold conditions on both the weekly and daily timeframes. This suggests that the selling pressure has been excessive, potentially paving the way for a significant rebound in the near future. While target levels of 1.117 and 1.134 can be identified, traders should exercise caution, use risk management techniques, and consider other factors before making trading decisions.
EURUSD 21May2023EURUSD still looks bearish, there is a possibility that the price will move up again but when the price rises more than the blue line it doesn't necessarily mean that the price is returning to the bullish trend, it could be that EURUSD is experiencing a complex correction. currently focusing on short options to the SnD area. adjust to each trading style to take short positions
EURUSD - Long after filling the gap ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the volume gap and then to reject from institutional big figure 1.07000.
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EurUsd -> Make It Or Break ItHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd is currently retesting a quite obvious previous weekly support/resistance area which is now turned support at the $1.087 area.
You can also see that weekly moving averages are bullish, EurUsd is also still creating bullish market structure and also retesting the lower support trendline of a rising channel, so I definitely do expect a short term rally towards the upside from here.
On the daily timeframe you can see that we are also currently retesting previous daily support from which we could definitely see some rejection towards the upside, we do NOT have bullish confirmation in my opinion yet, so I am now just waiting for a good entry point and then I do expect a retest of the next structure level at the $1.096 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EURUSD: downtrend!Technical Overview
The EUR/USD has been showing a negative trend since May 5, and Monday's slight improvement has not changed this trend. The immediate resistance level is at 1.0900, which is a horizontal level and the EMA-34 in 4-hour charts. If the Euro manages to go above this level, it could reduce the bearish pressure. However, to change the short bias from bearish to neutral/bullish, it must cross the downtrend line that is currently at 1.0950.
EUR/USD stuck in consolidation, will news offer direction?EUR/USD has been stuck in a consolidation phase for quite sometime now. No major moves are
being observed in EURUSD. However, with the US core retail sales data coming up in an hour, it
is likely to see some big impulsive moves in EURUSD.
Either way, 1.09 is a critical level. If the price breaks through this level with a big bullish candle and continues
to stay above 1.09, then surely we will see more upside towards 1.1050. However, failure to break the
1.0904 level would open the door towards 1.0750 instead.