Eurusd Outlook As we Can See in Higher time frame Eu is Bullish, 1.083 is OB area and Also Fib Level 0.5 So We could Expect To Fly ✈️
Eurusdoutlook
EURUSD I Potential bullish rise but trading in weekly rangeWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURUSD ( UNDER BEARISH PRESSURE ) ( 4H )EURUSD
HELLO TRADERS
Tendency , the price is under bearish pressure until trade below turning level .
TURNING LEVEL : the price of turning level around 1.091 , indicates the price trade below this level reach a support level , but if breaking this level reach a resistance level .
RESISTANCE LEVEL (1) : around 1.094 , for reach this level will be breaking turning level .
RESISTANCE LEVEL (2) : around 1.097, for reach this level will be breaking by open 4h candle above resistance level (1) , it make created a new historical peaks .
SUPPORT LEVEL (1) : support level at 1.087, for reach this level the price will be trading below
turning level .
SUPPORT LEVEL (2) : this support level at 1.084 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : the price retest 1.091 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.094 , 1.097.
SUPPORT LEVEL : 1.087 , 1.084 .
EUR/USD Short ideas from 1.09100 or 1.09300My bias for EU is similar to GU, as I am mainly looking for sell opportunities. Last week’s price distribution across higher time frames has left promising zones to watch, specifically the 4-hour and 17-hour supply zones. If these zones are mitigated, I will look for redistribution within them.
If the price continues to drop, I will look for counter-trend trades to catch retracements, possibly from the 11-hour demand zone I’ve marked or the 5-hour demand zone if the price goes deeper.
Confluences for EU Sells:
Newly created supply zones near the UTAD show promising selling opportunities.
There is significant liquidity to the downside in the form of Asia lows and imbalances that need filling.
The dollar is bullish, aligning well with the bearish bias for EU.
This is a pro-trend trade on the higher time frame.
P.S. I will wait to see how the price action unfolds, as the current price is somewhat distant from my points of interest (POIs), but I expect the price to keep dropping.
EURUSD - Long idea !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. We have hidden divergence, also price can reject from liquidity zone and on H1 we have regular divergence, so after breaking 1.08940, I will open a long.
Like, comment and subscribe to be in touch with my content!
EURUSD ( BREAKOUT CHANNEL ) ( STRONG BULLISH ) ( 4H )EURUSD
HELLO TRADERS
Tendency , the price is under strong bullish pressure ,after breakout 1.084
TURNING LEVEL : the price of turning level between 1.091 and 1.094 , indicates the price breaking 1.091 reach a new resistance level or created a new historical peaks , but if breaking 1.094 reach a support level .
RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 1.096
and 1.099 , for reach this level after breaking 1.091 .
SUPPORT LEVEL : support level at 1.088 . for reach this level should be price breaking a turning level at 1.094 .
PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 1.091 rising or reach a new resistance level at 1.096 , then reach a 1.099 , after breaking 1.094 reach a support level at 1.088 it is a strong support level , the by open below 4h candle below this level reach 1.079 .
TARGET LEVEL
RESISTANCE LEVEL : 1.096 , 1.099 .
SUPPORT LEVEL ; 1.088 , 1.079 .
Buy EUR/USD for 1.09300 & 1.09700 areaEURUSD is on the verge of breaking its Daily Resistance. So we can expect a good push to the upside for following areas:
Firs target: 1.09300 area
Second Target: 1.09700 area
Good Luck !
EUR/USD Price Surge: Analysis and Future Outlook
The EUR/USD price has surged significantly over the past 10 days. Let's explore the reasons behind this movement and the potential trends we might face in the coming days.
Fundamental Analysis:
The EUR/USD exchange rate has seen a significant increase over the past 10 days. This upward trend is primarily supported by a weakening U.S. dollar, driven by several economic factors. Recent inflation data shows that U.S. inflation is slowing down, with the annual inflation rate for June 2024 at 3.0%, a decrease from previous months. This has strengthened expectations of a less restrictive monetary policy from the Federal Reserve, with investors anticipating rate cuts in September and possibly in November or December. On the other hand, the euro has been bolstered by the European Central Bank's (ECB) aggressive stance on raising interest rates, improving energy prospects in Europe, and relative weakness in the dollar.
Technical Analysis:
The EUR/USD chart indicates a potential structural change. Recently, as the price dropped to the lower part of the channel, it found support around the 1.07 level, hitting an upward trendline without making a lower low from the previous wave at 1.06. From that level, the price rose, testing the upper part of the channel and closing the daily and weekly candles at the previous high around 1.09. This is a crucial level; if it breaks with a daily candle, it would confirm the structural change, leading to a potential further rise. Conversely, a rejection at this level could result in a decline.
Volume Analysis:
In recent sessions, the Point of Control (POC) has consistently been at the beginning of the session, indicating significant volume gaps in the daily candles. The overall POC for the channel is at the 1.08 level, which could act as a support if the price declines. If the price continues to rise, there are many upper areas left to fill from the highs of the previous year.
Sentiment Analysis:
Current retail sentiment shows a 91% short position against 9% long, with short volumes at a four-year high. However, institutional positions as of the 2024-07-09 COT report indicate 393,029 long contracts against 160,108 short. Dealers, on the other hand, are 275,000 short against 9,478 long. This discrepancy suggests that institutional players are aligned with the market, discouraging short positions.
Personal Analysis:
In my opinion, the euro's recent rise seems exaggerated given the negative IPC, a rate cut by the ECB, a favorable PPI for the dollar, and Powell's statements indicating it is not yet time to cut rates. I expect a retracement from this level or slightly higher to fill some of the gaps left during the rise, after which the market will decide on the next direction. Powell's speech on Monday will be crucial. However, I wouldn't be surprised by a continued rise, as summer markets can be very unpredictable. If you don't have any open positions, it's wise to wait for the market to establish a clear direction before entering.
I hope this analysis has been helpful. If you found it useful, please leave a boost to show your appreciation for the work done.
EURUSD ( UNDER BULLISH PRESSURE ) ( 1H )EURUSD
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure .
TURNING LEVEL : the price around 1.088 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously , rising until reach a resistance level , currently price 1.090 , as long as the price trading above turning level reach a resistance level my goal 1.093 , but small retest inside FVG area before rising .
PRICE ACTION :
LONG CONDITION : the price trying to retest a FVG area , then rising a resistance level at 1.093 , breaking this level reach a next level at 1.096 .
SHORT CONDITION : if the price breaking turning level at 1.088 by open 4h candle below this level reach a support level at 1.086 , then stabilizing below this level reach a 1.082.
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL : 1.093 , 1.096 .
SHORT CONDITION / SUPPORT LEVEL : 1.086 , 1.082 .
EURUSD ERL TO IRL- Keeping it simple!EURUSD PA looks very clean.
Looking at the Daily Chart, We took out the External Range Liquidity at 1.09162 and now our job is to look for Intra-Day shorts to target at least the Daily Internal Range Liquidity at 1.08614
Price Always does two things
- Taking out Liquidity or Balancing price inefficiencies
In this case, we took out the Liquidity and now we are going for the FVG
-ERL TO IRL.
All the Best!!!
EURUSD
The EUR/USD pair is showing bearish signals as it follows an ascending channel and forms a rising wedge pattern on the 1-hour timeframe. This technical setup suggests a potential price reversal to the downside. Traders might consider short positions, anticipating a breakdown from the rising wedge.
EURUSD Technical Analysis and Trade IdeaIn this video, we take a close look at the EURUSD currency pair. Right now, it's in a strong bullish trend. However, it seems a bit overextended, and since it's Monday, I'm being cautious. I'm looking for an entry point if the price drops back into the 50-61.8% Fibonacci zone.
In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies.
EUR/USD Shorts from 1.09200 (Sell to Buy) My EU bias currently is to catch a temporary move down. As price approaches a high-quality 11-hour supply zone, I'll be watching for a Wyckoff distribution to confirm a sell opportunity.
Whether or not price mitigates the supply zone, I'm expecting it to retrace to a newly formed demand zone, ultimately aiming to make a new high. Therefore, once price reaches the 10-hour demand zone, I will be looking for buy opportunities.
Confluences for EU Sells are as follows :
- Price has been very bullish, breaking structure to the upside.
- The current trend is bullish, matching the dropping DXY.
- There is significant liquidity to the upside, with strong bullish candles on the higher time frame.
- Demand zones have been created near the current price, indicating potential for another rally.
P.S. Once price returns to the 10-hour demand zone, I will be on the lookout for a Change of Character (CHOCH) on the lower time frame to confirm my buy opportunities. For now, I'll wait to see how Monday's market opens.
EURUSD - Trade analysis !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from liquidity zone.
Fundamental news: Upcoming week on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
EURUSD ( PUSHING TO BULLISH ) ( 4H )EURUSD
HELLO TRADERS
after the price breaking a supply zone , the price has taken an upward direction
Tendency the price trade above turning level at 1.084 , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 1.084 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line above turning level around 1.091 , indicates selling have already increase this level , when you reach this level buyer have more supply for OANDA:EURUSD
SUPPORT LEVEL : there is a black line below turning level around 1.079, indicates buying have already increase this level , when you reach this level selling have more demand for OANDA:EURUSD
PRICE MOVEMENT : the price after CPI breaking a supply zone , know the price has taken a bullish direction , have three conditions for OANDA:EURUSD movement
FIRST CONDITION : price directly rising to inside a supply zone to touch a resistance level at 1.091 , then to reach a 1.094
SECOND CONDITION : the price trying to reach a turning level at 1.084 , after rising a resistance level
THIRD CONDITION : if the price breaking turning level by open 4h candle below a this level reach a support level at 1.079 , then trade below this level reach a 1.072
TARGET LEVEL :
RESISTANCE LEVEL : 1.091 , 1.094
SUPPORT LEVEL : 1.079 , 1.072
EURUSD ( UNDER BEARISH PRESSURE ) ( 4H )EURUSD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
RESISTANCE LEVEL : there is a green line around 1.089, indicates selling have already increase this level , so if the price breaking turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 1.075, indicates buying have already increase this level , so if the price stable below turning level reach this level .
PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.069 , if the price breaking turning level reach a resistance level by 1.089 , then stable by open 4h candle above this level reach a 1.095
TARGET LEVEL :
RESISTANCE LEVEL : 1.089 , 1.095
SUPPORT LEVEL : 1.075 , 1.069
EURUSD pre-NFP projectionEURUSD is on a long term buy profile. We saw price react from the 4H OB and confirmed that with SMT w GBPUSD. Price is reacting bearish from the current level and I strongly believe its headed for the 4H Breaker and FVG before continuing its bullish momentum. Short term idea is to look for sells then buy from the breaker.
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Patter in Short Time Frame
Fibonacci Level - 61.80%
EURUSD ( TREND UNDER RESISTANCE TRENDLINE ) ( 4H )EURUSD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates OANDA:EURUSD is under bearish pressure .
TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
RESISTANCE LEVEL : there is a green line around 1.094 , indicates selling have already increase this level , so if the price breaking turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 1.071, indicates buying have already increase this level , so if the price stable below turning level reach this level .
PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.071 .
if the price breaking turning level reach a resistance level by 1.091 , then stable by open 4h candle above this level reach a 1.094
TARGET LEVEL :
RESISTANCE LEVEL : 1.091 , 1.094
SUPPORT LEVEL : 1.075 , 1.071
EURUSD looks clean!!Daily Outlook
- According to the next day Model, we are anticipating the next daily candle (Monday) to be bullish
- We are close to the DOL, so I believe we will sweep the high before going for the Daily FVG
4H Outlook
- We created CISD, therefore I am anticipating a retest on the OB then from there we are going for the DOL
- IRL ♻️ERL
1H Outlook
- We have a 1H FVG that could potential push price to ERL, however I would love to see a deeper LTF retracement into the OB then a push to the upside.
EUR/USD Shorts from 1.08600 back down.This week's forecast for EU is looking very promising for sells. I hope for price to break the current supply zone, although we might see a reaction from it before price reaches the daily supply zone above. This upper zone is a more valid level for taking sells.
If Monday opens with a sweep of the Asia high and a clear CHOCH, I might consider imminent sells from the current zone, but with lower risk as the POI is not ideal. From there, I expect price to drop into a demand zone, where I can look for new buying opportunities.
Confluences for EU Sells:
Price is in a supply zone and showing weakness in bullish pressure.
There is a daily supply zone above that holds good validity.
DXY is also in a demand zone, aligning with the negative correlation.
There is lots of liquidity and imbalance below, drawing price downward.
P.S. If price respects a nearby demand and breaks both supply zones, it will confirm a bullish bias, and I will start looking for buys.
LET'S THINK TOGETHER ABOUT EURUSDIn the past week we have witnessed a sharp increase in the eurusd. The climb started from the 1.06700 zone where the pair created support with a triple touch in recent weeks.
Before this restart I would have bet on a visit to the 1.0600 area where we find a lot of liquidity, this did not happen... but this does not mean that the price cannot return there.
At this point let's analyze the two possibilities together.
In favor of the long we have a cot report from last week which shows institutional positions LONG on the pair, all the moving averages (20/50/100/200) were exceeded without a response in the TF daily and above all a weak dollar, which has refused the visit at the highest levels of recent months.
Instead, in favor of the short we have the zone we are entering which is full of resistances, Fibo and POC levels. At the same time the RSI oscillators in the average TFs show overbought. The Cot reports have not been updated and institutional investors are most likely starting to consider unloading long positions after the rise. Retail sentiment 87% long vs 13% short.
At this point comes my idea: We will most certainly see a decline in the short/medium term to fill the areas left and then we will have to observe how the price will react to understand whether to go long and where.
I am currently positioned short and watching whether the price will need higher resistances to open new higher positions.
Always think with your head, do not copy signals without having a valid idea about the operation you are about to open.
EURUSD: in a positive stateEURUSD: The EUR is still in a positive rising state and it is expected that in today's session, the prospect of an increase is still very high with the possibility of breaking through the 1.0820 threshold and reaching a higher target area above the 1.0900 area in the context of The USD is increasingly weakening. You can consider maintaining the buying position with EURUSD today.
