Eurusdoutlook
1-Hour Chart AnalysisVist fourtrades website for market analysis link in the bio
Current Price: 1.09208
Trend: The daily and 4-hour charts remain bullish.
Key Levels:
Resistance: 1.09600 - 1.09700
Support: 1.09000 - 1.08900
The 1-hour chart indicates that EUR/USD is experiencing a short-term pullback within a broader bullish trend. The price is currently consolidating just below a key resistance level. If the price breaks above the resistance zone, it could target the upper resistance level around 1.09600 - 1.09700. Conversely, a failure to break above may result in a decline towards the support zone at 1.09000 - 1.08900.
EUR/USD Longs from 1.09200 back upThis week, my analysis has diverged from GU due to the bullish reaction in EU triggered by the NFP, causing a CHOCH (Change of Character) to the upside. The higher time frame structure has broken, creating clean demand zones. I now expect price to retrace to one of these demand zones before continuing its upward movement.
If price continues to rise and fully fills the imbalance, I anticipate a bearish reaction from the 22-hour supply zone, leading to a slowdown and distribution.
Confluences for EU Buys:
- NFP Impact: NFP caused a CHOCH to the upside, indicating a shift from bearish to bullish.
- Demand Zones: Clean demand zones have been left behind, signaling areas where price may pull back.
- Daily Imbalance: Price is currently in a daily imbalance, which may trigger a pullback.
- Bullish Trend: The current trend is bullish, supporting the continuation of upward movement.
P.S. If price reacts to the imbalance with a bearish pullback, this could provide buying opportunities from the 5-hour demand zone or the 17-hour extreme demand.
EURUSD Analysis week 32Fundamental Analysis
EUR/USD gained on Friday after the Greenback was weakened by the poor US Non-Farm Payrolls (NFP) data.
With the US economic data turning sour, investors extended their losses for two days on growing concerns about a broader recession in the domestic US economy, triggering a flight from risk assets and sending equity indices sharply lower.
Next week, the US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. Euro-wide retail sales for the year ending June are scheduled for release early Tuesday. This will give us a clearer picture of the current stage of the currency market.
Technical Analysis
GBPUSD formed a wide range after the NF release with the nearest support resistance in the range of 1.094 and 1.082. On the H4 timeframe, EMA 34 is looking to surpass EMA 89 to escape the short-term downtrend of the past week. Specifically, it proves that the price line has broken out of the downtrend line. The uptrend may face the highest resistance at 1.098 when the price breaks out of the immediate resistance at 1.094. On the other hand, recovery is necessary in an uptrend. The price trend may retest the broken trend zone around 1.083 after some investors take profit. If the downtrend is established, the strong support zone next week will be 1.075.
Resistance: 1.094-1.098
Support: 1.083-1.075
Trading Signals
BUY EURUSD zone 1.075-1.073 Stoploss 1.071
SELL GBPUSD zone 1.098-1.100 Stoploss 1.102
EUR/USD Trade Update on the Daily TimeframeEUR/USD has been pushing bullish and has reached a resistance level at 1.10100. We did not get a retest of the descending channel as predicted.
We will now be looking to sell from the resistance level if we can find solid trend reversal patterns and candlestick confirmations on the lower timeframes.
EURUSD ( UNDER UPWARD PRESSURE ) ( 4H )EURUSD
Tendency , the price is under bullish pressure , until trading above 1.076.
TURNING LEVEL : the price of this level at 1.076 , so as long as the price trade above this level indicates likely to reach a resistance level (1) , but if the breaking by open 4h candle below this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.084 , for reach this resistance level the price need stabilizing above a turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 1.089 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.072 , for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 1.067 , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 1.079 , as long as the price trading above turning level , indicates to reach a resistance level (1) , then breaking this level likely to reach resistance level (2) , by breaking turning level indicates likely to reach support level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 1.084 , 1.089 .
SUPPORT LEVEL : 1.072 , 1.067 .
EURUSD Technical Analysis and Trade Idea 👉🔍In this video, we closely examine EURUSD. Recently, the EURUSD has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement.
In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
EURUSD Potential Short during next week EURUSD go rally up during last week and consolidating in a Sell area. But I note with my analysis a trap of equal highs noted potential big boys will take before hitting the FVG for a real potential downtrend move.
EURUSD is a great pair to watch out on our list next week.
Good luck!
EUR/USD Trade Setup on 30-Minute TimeframeOn the 30-minute timeframe, the price has formed a demand level around 1.07800.
Note: The price is also showing bearish sentiment by breaking a major key 4-hour support level and retesting it.
If the price breaks through the demand level, there will be no buy entries.
Now we wait ⏰
EUR/USD Trade Setup on the Daily TimeframeEUR/USD pair is currently moving sideways on the daily timeframe, forming an ascending channel characterized by higher highs and higher lows. It recently broke out and found support at the 1.08000 level.
We are now looking for buy entries at this support level. Let's scale down to the lower timeframes to identify potential buy patterns and entry confirmations.
1-hour chart GBP/USDVisit fourtrades website for more active insights
On the 1-hour chart, GBP/USD is consolidating within a range between 1.2840 and 1.2800. The price recently tested the lower boundary of this range and the descending channel support. A bullish breakout from this range could see the price targeting the 1.2940 resistance level. Conversely, a bearish breakout could lead to a continuation of the downtrend towards 1.2750.
Conclusion
The GBP/USD pair is at a critical juncture, testing significant support levels on multiple timeframes. Traders should watch for a breakout from the current descending channel and the 1.2820 support level. A bullish breakout could offer long opportunities targeting 1.2940 and 1.3000. On the other hand, a break below 1.2820 could see the price moving towards 1.2750 and 1.2650, providing potential short opportunities.
7 Dimension Sell setup for EURUSDCore Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15M
1: Swing Structure: The market has formed a bearish BOS after taking inducement. Now, the focus is on the corrective swing move as a pullback. The internal structure also supports a bullish corrective move toward the external POI, OB & BB with proper FVG and LIQ resting area in the discounted zone. We are using one regular entry module for this.
2: Pattern
🟢 CHART PATTERNS:
Reversal: Triple top is already formed at the top of the swing.
🟢 CANDLE PATTERNS:
We will check at the POI zone.
3: Volume:
🟢 Fixed range indicates full bearish control at the POI.
🟢 Volume during correction is almost dry.
4: Momentum RSI:
🟢 In strong bearish zone with proper bearish range shift and classic.
🟢 Grandfather-Father-Son entries based on H4 TF are intact and formed.
5: Volatility Bollinger Bands:
🟢 About to break after contraction, possible squeeze breakout in the lower band. Walking on the band is also expected here.
6: Strength: Based on ADX, bears fully control the market at this level.
7: Sentiment: Strong bearish.
✔️ Entry Time Frame: 15 min
✅ Entry TF Structure: BOS Bear
☑️ Trend line breakout: Awaited
💡 Decision: Sell limit
🚀 Entry: 1.08475
✋ Stop loss: 1.08580
🎯 Take profit: 1.07601
😊 Risk to reward Ratio: 7RR
🕛 Expected Duration: 2 days
SUMMARY: Analysis supports a sell position based on Smart Money Concepts methodology, with strong bearish signals from structure, volume, momentum, volatility, strength, and sentiment.
1-Hour Chart Analysis:EURUSD
On the 1-hour chart, EUR/USD is currently trading within a descending channel, indicating a downtrend. The price has tested the upper boundary of the channel multiple times (as marked by the red arrows), showing resistance around the 1.0850 level. The lower boundary has acted as support, with the most recent bounce occurring near the 1.0800 level (indicated by the grey arrows).
The RSI is displaying a bullish divergence, suggesting a potential reversal or consolidation phase. A break above the 1.0850 level could lead to a move towards the next resistance level around 1.0880. Alternatively, a breakdown below 1.0800 could see the pair testing lower supports at 1.0750 and 1.0700.
EURUSD Trade Idea👉 My bias for EURUSD is bearish according to this 4H chart. We can clearly see lower highs and lower lows, along with a break in market structure to the downside, accompanied by significant displacement with the candle above the break. As always, trading involves risk. This is not intended as financial advice, and it's wise to trade responsibly with consistent and conservative risk management.
EURUSD ( STABILIZING BELOW TURNING LEVEL ) (4H)EURUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below 1.084 .
TURNING LEVEL : the price of this level at 1.084 , as long as the price trading below this level reach a support level (1) , but if breaking by open 4h candle above this level reach a resistance level (1)
RESISTANCE LEVEL (1) : this level around 1.088 , for reach this resistance level the price need breaking a turning level
RESISTANCE LEVEL (2) : around 1.094 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.079, for reach this support level the price need stabilizing below turning level
SUPPORT LEVEL (2) : support level at 1.076 , for reach this level will be breaking by open 4h candle below support level (1)
PRICE MOVEMENT : currently price 1.083 , as long as the price trading below this level reach a support level (1) , but by breaking this level by open 4h candle above this reach a resistance level (1) ,
MY GOAL : support level (1) at 1.079 .
TARGET LEVEL :
RESISTANCE LEVEL : 1.088 , 1.094 .
SUPPORT LEVEL : 1.079 , 1.076 .
EURUSD is looking good!!!Last week we saw EURUSD closing at 1.08566 respecting the consequent encroachment of the Weekly FVG sitting in Premium, however we are not interested in that FVG as it is in premium.
I am expecting price to continue dropping to the weekly FVG in discount at 1.08028.
With all that being said, my bias is bearish this week.
Let's goooo!!!
Plan your trades and trade your plan.