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Eurusdprediction

EURUSD H1 11/12/2024 - SELL below 1.0525/1.0530 , Reversal 1.054Multi-Timeframe Analysis D1 (Daily Chart) Trend: Strong bearish bias, with price below the 200 SMA and Ichimoku cloud. Indicators: RSI at 40 and MACD signaling downside momentum. Support/Resistance: Support: 1.0490 and 1.0450. Resistance: 1.0540 and 1.0570. H4 (4-Hour Chart) Trend: Downtrend continues, with price consolidating near the lower Bollinger Band. Indicators: Stochastic is in the oversold zone (17.87), indicating potential short-term pullback. MACD suggests bearish momentum but losing strength. Support/Resistance: Support: 1.0495 and 1.0450. Resistance: 1.0530 and 1.0550. H1 (Hourly Chart) Trend: Price is below all major moving averages and Ichimoku cloud, confirming bearish structure. Indicators: RSI at 40, indicating continued bearish bias but with room for a pullback. Stochastic is oversold (23.76) and turning up, suggesting a potential retracement. ATR (14) at 10 pips, reflecting moderate volatility. Key Levels: Support: 1.0495, followed by 1.0450. Resistance: 1.0530 and 1.0545. M30 (30-Minute Chart) Trend: Intraday bearish trend intact, with consolidation near key support levels. Indicators: MACD turning slightly neutral. Stochastic oversold (28.47), indicating potential for minor correction. Revised Trade Plan for EUR/USD (H1) Trade Setup 1: Bearish Continuation After Pullback Rationale: EUR/USD remains in a bearish trend, and any pullback toward 1.0530–1.0540 provides an optimal sell opportunity. Trade Details: Entry Price: 1.0525–1.0530 (on a retracement to resistance). Stop-Loss: 1.0555 (above the intraday resistance). Take-Profit Levels: TP1: 1.0495 (current support). TP2: 1.0450 (next key support). Risk/Reward Ratio: ~1:2. Trade Setup 2: Aggressive Breakout Short Rationale: A clean break below 1.0495 would confirm bearish continuation, targeting lower levels. Trade Details: Entry Price: 1.0490 (on a confirmed breakout). Stop-Loss: 1.0515 (above the breakout level). Take-Profit Levels: TP1: 1.0470. TP2: 1.0450. Risk/Reward Ratio: ~1:2. Trade Setup 3: Intraday Scalping on Reversal Rationale: If price breaks above 1.0535, it may trigger short-term buy momentum, targeting a retracement to the next resistance. Trade Details: Entry Price: 1.0540. Stop-Loss: 1.0525. Take-Profit Levels: TP1: 1.0555. TP2: 1.0570. Risk/Reward Ratio: ~1:1.5. Key Considerations News Impact: Watch for the 13:30 GMT US inflation data release, which could spike volatility. Avoid placing trades right before the release. Correlated Instruments: DXY: A rise above 106.75 may further pressure EUR/USD. Treasury Yields: A spike in yields could add USD strength.
Short
by napoleon182
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone. Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart. The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase. The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level. With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
by Mihai_Iacob
7
EUR/USD: Are We Crashing Through Parity?Well, well, well, EUR/USD, you sly dog. Just when we thought the pair might catch a break, it doubles down on its favorite hobby—going DOWN. 📉 Since late September, this thing has been in a nosedive so steep it makes roller coasters look tame. 🎢 And now? It’s giving us not one but TWO glorious bearish flags. That’s the market’s way of saying, “Hold my beer, I’ve got more downside to cover.” 🍺 So, buckle up as we break down what’s happening with EUR/USD, why it’s acting like a currency in free fall, and just how low it might go. Spoiler alert: Parity might not be far enough. 😏 The Downtrend Diaries: EUR/USD’s Love Affair with Lows Okay, let’s rewind to late September. What happened? Oh, just EUR/USD deciding it was time to swap its bull costume for a full-blown bear suit. 🐻 We’re talking lower highs, lower lows, and every technical analyst’s favorite phrase: "the trend is your friend" (until it’s not, of course). This week? The pair is snuggled nicely inside its second bearish flag, like a bear hibernating before its next big move. For those of you wondering, a bearish flag is when the market pauses, catches its breath, and says, “Alright, time to drop some more.” And let me tell you, these flags aren’t subtle. They’re practically screaming, “Hey, the trend’s still bearish—don’t get any ideas!” Why So Bearish? Let’s Blame the Usual Suspects The Almighty Dollar Flexing Again 💪 The USD is out here reminding everyone why it’s called the safe-haven king. Interest rates? Still high. Risk-off sentiment? Very much alive. Meanwhile, the euro’s like that one kid who forgot to study for the test—it’s just not prepared to fight back. 🤷‍♂️ Eurozone: Where’s the Mojo? Between slowing growth, sticky inflation, and the French government imploding (because why not?), the euro is struggling to convince anyone it’s worth a rally. Even the promise of €500 billion in defense spending couldn’t lift its spirits for long. If fiscal spending can’t save the day, what can? Bearish Flags Don’t Lie 🚩 These flags are the cherry on top of the downtrend sundae. First, we had one around 1.0650, which broke lower like clockwork. Now we’re staring down another flag that’s coiled tighter than my jeans after Thanksgiving dinner. Once this breaks, well... let’s just say the floor is looking mighty inviting. How Low Can It Go? Let’s Talk Targets 🔭 Now, if this flag plays out like the textbook says, EUR/USD could easily revisit 1.0450. And if that level doesn’t hold? Get ready to dust off those parity memes. Yes, I’m talking 1.0000, the big, scary, psychological level where everyone suddenly remembers how to panic. 😱 But hey, let’s not stop there. The lower boundary of the larger downtrend is lurking below 0.9900, and if the bears get really hungry, that’s where they’ll feast. 🍴 The Sarcastic Silver Lining: What Would It Take to Flip Bullish? Oh, you want bullish scenarios? That’s cute. 😏 Here’s what would need to happen: The euro suddenly gets a personality transplant and decides it’s worth something. The USD forgets it’s the global reserve currency and takes a nap. A miracle. Like, divine intervention-level miracle. But seriously, unless EUR/USD breaks above 1.0600 with conviction (and by conviction, I mean a rally that doesn’t immediately fall apart), the bears are still in charge. Final Thoughts: Trade Smart or Get Wrecked 💀 Look, the writing’s on the wall. EUR/USD is in a downtrend, the flags are flapping, and the bears are sharpening their claws. This isn’t the time to play hero and try to catch a bottom. Instead, let the trend do its thing, wait for the flag to break, and ride the wave lower. 🌊 And hey, if it does hit parity, at least we’ll have something to talk about at the next market meltdown party. 🎉 Until then, keep those stop-losses tight, and don’t forget: the trend might be your friend, but it’s also got a dark sense of humor. Catch you next time, traders. George out. 🎤
Short
by RoadToAMillionClub
#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair is forming a head and shoulders pattern on the 4-hour chart, which is typically a bearish reversal signal. However, in this case, the price action suggests a potential invalidation of the pattern, favoring a bullish breakout scenario. If the neckline resistance is broken, it could provide a buy opportunity. Technical Outlook: Pattern: Head and Shoulders (Potential Breakout) Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position upon a confirmed breakout above the neckline resistance with strong bullish momentum. Traders should monitor for bullish confirmation such as a breakout candlestick with increased volume or indicators like MACD signaling upward momentum. Proper risk management is crucial, with stop-loss orders placed below the neckline and profit targets set at the next resistance levels.
Long
by PIPSFIGHTER
EUR/USD Short term short to long idea pending...This week, my focus for EUR/USD is on the supply zone near 1.05800. I anticipate a reaction from this level, making it a key area for potential sells at the start of the week. Following this initial move, I expect a bullish rally to develop midweek. If the price drops to 1.05200, aligning with my 11-hour demand zone, I’ll shift my focus to potential buys. After receiving valid lower-timeframe confirmations, I plan to target the nearest liquidity pool to the upside as the price resumes its bullish trend. Confluences for EUR/USD Sells: Shift in Market Character: Price has shown signs of a downside reversal, suggesting a potential sell-off. Unmitigated Supply Zone: A clean 2-hour supply zone remains untapped. Liquidity Below: There’s significant liquidity to the downside that price may target. Trend Recalibration: Despite the overall bullish trend, a pullback is necessary for continuation. Note: If the supply zone at 1.05800 fails to hold, it will further confirm bullish momentum. In this case, I’ll wait for a nearby demand zone to form, providing an opportunity to capitalize on the move to the upside. Patience will be key in this scenario.
Short
by Hassan_fx
The #1 Explaination Of What Short Selling IsYesterday was more like a movie as I began to reflect on the days when I did not understand capital markets - The time I would have given up on myself and not known the power of understanding how to trade the capital markets. Sadly the capital markets are very hard to understand but with a lot of patience, you will know them Today I want to show you how to short sell. And to show you that You don't need to fear short-selling its just that I prefer to accumulate not distribute If you are a beginner you may not understand this but as a trader, you have to choose One side...think of short sellers like the away team, and long buyers as the home team In order to play the capital markets you have to choose your team and stick to it Because this will give you a better understanding of the capital markets Now look at this price action the price is overbought meaning there are a lot Of sellers, because the stock of the product is too much hence they have to sell at a discount price. Because of this, the buyer is forced to buy insurance on his losses to cover the cost of inventory does this make sense? You are selling insurance to the buyer so that he can cover his cost to buy more inventory inventory is an expense so the buyer is not making a cash profit on this trade instead, he is making a loss with the plan to sell the inventory at a higher price in the future to cover this loss.You on the other hand as a short seller you are making cash profit Because your insurance contract price has increased Look again at this chart CAPITALCOM:EURUSD the price on the stochastic RSI is overbought That means the buyer has to much inventory and he needs to insure it against damage. Your role as a short seller is to sell him insurance. Explaining short selling can be a challenge but to cut the long story "short" You are selling insurance on the inventory that the buyer holds. If you short-sell this Forex pair remember to not use more than x5 margin and take at least 20% profit. Also note that this week is the unemployment rate FRED:UNRATE will be announced in the news on friday Which in my opinion is a huge catalyst for this currency pair CAPITALCOM:EURUSD Trade safe full disclosure am not participating in this trade. Also this chart reminds me of the rocket booster strategy from the short side: 1.Price has to be below the 50 SMA 2.Price has to be below the 200 SMA 3.Price should gap down. check out the references below to learn more about this strategy about the rocket booster strategy Rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Also feel free to use a simulation trading account before you trade with real money.
Short
by lubosi
EURUSD Will be in bearish direction Hello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD 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 CHART 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
Long
by ForexMasters2000
EURUSD Will be in bearish directionHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD 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 CHART 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
Long
by ForexMasters2000
EURUSD Will be in bearish directionHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD 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 CHART 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
Long
by ForexMasters2000
1
Bullish Catalysts for EUR/USDTechnical Analysis Monthly Chart: The weakening of the U.S. Dollar (DXY) creates a favorable environment for bullish movements in EUR/USD. On the monthly chart, the euro is positioned near a significant support zone that aligns with a strong buying area. With the dollar's liquidity grab above 107.348 signaling further downside potential, EUR/USD is well-positioned for upward momentum. Daily Chart: The daily chart confirms a strong bullish structure, with higher highs and higher lows indicating sustained upward pressure. The recent weakness in the DXY aligns with this bullish trend, reinforcing the potential for continued euro strength. This week's price action suggests buyers remain firmly in control, and the technical setup supports a move toward higher targets. Fundamental Analysis Impact of the U.S. Dollar Weakness: The euro stands to benefit significantly from the current bearish outlook on the DXY. With the Federal Reserve showing hesitancy toward further rate cuts due to inflation concerns and strong labor market conditions, short-term volatility is likely. However, any signs of labor market weakening or inflation stability could lead to aggressive rate cuts, further weakening the dollar and supporting EUR/USD upside. Key Catalysts: This upcoming week, Nonfarm Payrolls (NFP) and unemployment rate data are expected to provide critical directional cues: Expected Increase in Unemployment: If the unemployment rate increases as forecasted, this would add downward pressure on the DXY, fueling strong upside potential for EUR/USD. Nonfarm Payroll Volatility: Regardless of the outcome, NFP data typically injects significant volatility into the market. Even in scenarios where unemployment data does not meet expectations, the euro could still reach key targets due to the strong technical bullish structure and high demand at monthly zones. Summary and Outlook Technical and Fundamental Alignment: EUR/USD is in a prime position for further upside given: The bearish outlook on the DXY, signaling continued weakness in the U.S. Dollar. The bullish structure on the EUR/USD daily chart, which supports continued buying pressure. Key catalysts this week, including unemployment and NFP data, which are likely to favor euro strength under expected scenarios. Key Factors to Monitor: The actual results of unemployment and payroll data. Fed commentary and market sentiment on potential rate adjustments. Any unexpected geopolitical or macroeconomic developments affecting the eurozone or the U.S. Price Expectations: Short-Term Target: The bullish structure supports a move toward a significant monthly resistance zone where strong buy-side liquidity resides. Medium-to-Long-Term Target: If dollar weakness persists and unemployment increases, EUR/USD could see a strong bullish move extending beyond this resistance, possibly forming new highs. With the DXY weakening and structural alignment in favor of the euro, buying EUR/USD remains a favorable strategy this week, supported by both technical and fundamental factors.
Long
by Wiiso
EurUsd- Buy under 1.05 In last week's analysis, I mentioned that EUR/USD could reverse to the upside, with the 1.0330 zone likely marking a short-term bottom. As anticipated, the pair has climbed back above the 1.05 support level, indicating a false breakout. I still expect this correction to extend further, with the pair potentially reaching the 1.0670 resistance level. In conclusion, any dips below 1.05 should be seen as buying opportunities, targeting the aforementioned resistance level.
Long
by Mihai_Iacob
4
EURUSD Bullish ? Monthly FVG Reversal Setup to the UpsideBreaking down the EUR/USD setup: Sell-Side Liquidity Raided: Price has effectively taken out the sell-side liquidity (SSL) levels at 1.060 and 1.04482, creating the conditions for a reversal. Monthly Fair Value Gap (FVG): Price has tapped into the monthly FVG and, more importantly, closed above it, signaling a possible bullish reversal. Higher Timeframe Bias: The monthly FVG holds strong as a bullish PD array. With price rejecting this range, there’s potential for a move toward the weekly buy-side liquidity (BSL) at 1.09387. Obstacles to Watch: Price is approaching two high-probability bearish FVGs on the weekly timeframe. These zones could cause re tracements back into the higher timeframe monthly FVG range. Monitor these areas closely for signs of price respecting or disregarding these bearish zones. Projection: If price continues to disrespect the bearish FVGs and maintains bullish displacement, a continuation toward 1.09387 is likely. Keep in mind retracements into the FVG range as healthy pullbacks during the move higher. Conclusion: This setup highlights a high-probability reversal scenario based on ICT concepts. However, as always, patience and confirmation are key—watch how price reacts to the bearish FVGs along the way. Disclaimer: Always conduct your own research (DYOR) and trade responsibly.
Long
by INSIDER_INTEL
EurUsd could correct higher (1.0670 target)The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330. However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction. Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone. As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
Long
by Mihai_Iacob
12
EURUSD Will be in bearishHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD 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 CHART 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
Long
by ForexMasters2000