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Eurusd EUR/USD retreats toward 1.0900 after US data EUR/USD struggles to preserve its recovery momentum and declines toward 1.0900 in the second half of the day on Thursday. Better-than-expected weekly Initial Jobless Claims data from the US supports the USD, causing the pair to stretch lower.EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.The EUR/USD pair fell following the release of US employment-related data and pierces the 1.0900 mark. The daily chart shows it’s down for a third consecutive day and that technical indicators turned south, in line with the increased selling pressure. At the same time, the pair trades above all its moving averages, although the 20 Simple Moving Average (SMA) has lost its upward strength and turned flat at around 1.0870. The case for a steeper decline seems limited, albeit a break through 1.0890, the immediate support level, could exacerbate the decline. In the near term, and according to the 4-hour chart, the risk skews to the downside. EUR/USD retreated sharply after repeatedly meeting sellers around a flat 20 SMA, somehow suggesting buyers capitulate. Technical indicators, in the meantime, head firmly south within negative levels, supporting another leg lower. Support levels: 1.0890 1.0845 1.0800 Resistance levels: 1.0950 1.1005 1.1045
by JohnHarry_7
EUR/USD Outlook ICT ConceptsEUR/USD Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we expected a reaction to the Daily Fair Value Gap (FVG) at the bottom of the chart. However, the momentum observed was greater than anticipated. 📍 Current Market Overview: The current price is around 1.09062. EUR/USD has swept the Previous Month High (PMH) and Previous Week High (PWH), indicating potential for a reversal from these levels. 🔍 Identifying Key Levels: PMH: Previous Month High PWH: Previous Week High PWL: Previous Week Low PML: Previous Month Low BSL: Buy-Side Liquidity SSL (EQL): Sell-Side Liquidity (Equal Lows) 4H FVG: 4-Hour Fair Value Gap Daily FVG: Daily Fair Value Gap SMT (GBP/USD): Smart Money Tool divergence with GBP/USD 📊 Key Considerations: Swept PMH and PWH: EUR/USD has swept both the Previous Month High and Previous Week High, indicating potential for a reversal. Bearish FVG Reaction: The price is currently near a bearish FVG, and a reaction here could confirm a reversal. Bullish FVG Support: A bullish FVG is also close to the price, and disrespecting this level followed by a break below the marked line could confirm the reversal. Low Resistance SSL: For a bullish scenario, we need to see low resistance sell-side liquidity levels on lower time frames being swept and then take short-term long positions based on those. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: Sell-Side Levels Taken: Low resistance sell-side liquidity levels on lower time frames need to be swept. Support from FVG: The bullish FVG close to the current price could act as support. Retracement Higher: After sweeping the low resistance SSL levels, we can aim for short-term long positions. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: Bearish FVG Reaction: If the price reacts to the bearish FVG and disrespects the bullish FVG. Break Below Marked Line: A break below the marked line after disrespecting the bullish FVG would confirm the reversal. Continuation Lower: The price could then target the PWL and Daily FVG levels below. 📊 Chart Analysis Summary: Bullish Expectation: For a bullish scenario, we need to see low resistance sell-side liquidity levels on lower time frames being swept. The bullish FVG close to the current price could act as support for short-term long positions. Bearish Expectation: The price reacting to the bearish FVG or disrespecting the bullish FVG followed by a break below the marked line could confirm a reversal and continuation lower. The price could then target the PWL and Daily FVG levels below. Conclusion: The EUR/USD chart is showing a potential reversal after sweeping the Previous Month High and Previous Week High. Observing how the price interacts with the identified FVGs and SSL levels will be crucial in determining the next steps. For a bullish scenario, watch for low resistance sell-side liquidity levels being swept. For a bearish scenario, watch for a reaction to the bearish FVG and a break below the marked line. 🙏 Thank you for joining us! Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
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.
Long
by FourtradesTV
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.
Long
by Hassan_fx
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
by TVS-Trader
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. 📊✅
Long
by fxtraderanthony
EURUSD → Trade Analysis | SELL SetupEURUSD is moving in a descending channel under the trend lines. The price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
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.
Short
by Optimum369
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.
Long
by FourtradesTV
2