EURUSD is Ready to Go Up!!!EURUSD is moving in the Support zone($1.070-$1.062) and near the Support line .
Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
According to the theory of Elliott waves , EURUSD seems to have completed its 5 downward waves and we should expect upward corrective waves .
I expect EURUSD to trend higher in the coming hours.
Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰.
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Eurusdprediction
EUR/USD Rebounds in Sideways Area, Concludes Flat Trading WeekAs forecasted, the EUR/USD pair rebounded within its sideways range on Friday, wrapping up a week of flat trading. Traders found little reason to push the pair meaningfully in either direction. The week saw German import prices and labor figures broadly missing expectations, while the US Personal Consumption Expenditure (PCE) Price Index inflation printed at forecast without sparking significant movement.
German Unemployment Change data showed a higher-than-expected increase, with 19,000 more consumers added to unemployment figures in June, exceeding the forecast of 15,000 but still below the previous month's 25,000. The German Unemployment Rate also edged higher to 6.0%, compared to the forecasted hold at 5.9%.
Our technical analysis remains bullish as long as the price stays within the upper side of the sideways rectangle. Currently, the price has rebounded from the 78.6% Fibonacci retracement level of the lowest major swing and has formed a triple bottom pattern. This suggests a potential continuation of the upward trend.
We will continue to monitor the economic conditions to determine future moves once the price approaches the upper boundary of the sideways range. For now, the technical indicators support a bullish outlook, anticipating further gains within the current trading range.
Initial Idea
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EASIEST TRADE OF THE WEEK! EURUSDMarket gap are always gifts, but usually we can see them on indices. Market gap on forex are a double gift, because they rarely happen. In this case, we can see a good market gap on EURUSD, and gap got always closed. We can see it also happened some days ago and this will happen again. Longs will get trapped, and market will probably range for a while before going to close the gap. Accumulate shorts!
EURUSD analysis week 28EUR/USD continues its downtrend and trades in negative territory below 1.0700 as the US Dollar benefits from upbeat data during the US trading session. S&P Global reported that economic activity in the US private sector continued to expand at a strong pace in June.
The risk-averse market atmosphere has helped the US Dollar (USD) gain strength, forcing EUR/USD to stand firm. Disappointing PMI data from Germany and the Eurozone weighs on the Euro find a need. Late Friday, S&P Global released preliminary US Manufacturing and Services PMI data. US PMI data is better than expected, USD could maintain its strength into the weekend and cause EUR/USD to fall below 1.0700.
EURUSD's retracement is close to the critical support level of 1.065. The uptrend was almost broken when the 1,070 level was completely broken. If EUR/USD falls below 1.065 and takes it as resistance, the slide could extend to the 1.062 two-month low.
On the upside, 1.0700 (psychological level, static level) can be considered as temporary resistance ahead of 1.0730 (61.8% Fibonacci retracement, EMA 34 and EMA 89) and 1.0780 (50% Fibonacci retracement).
Resistance: 1.073-1.078
Support: 1,065-1,062
Trading signals
SELL EURUSD: 1.078-1.080 SL 1.082
BUY EURUSD: 1.062-1.060 SL 1.058
EUR/USD Monthly Structure Analysis and Sell SetupThe EUR/USD monthly structure, viewed on a daily timeframe, indicates a SELL setup. The TDI (Traders Dynamic Index) has already shown a bearish cross, signaling the presence of sellers in the market. Additionally, the candle formation at resistance is an evening star pattern, which is a reversal indicator. On a smaller timeframe (H4), a triple top formation is visible at resistance.
Targets for take profit are as follows:
- First take profit: 1.07831
- Second take profit: 1.07484
- Third take profit (monthly open): 1.07138
Ensure to wait for valid entry signals before executing trades.
Trade with caution. If you find this analysis useful, please like, follow, share, and leave a comment.
Sell EUR/USD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0700, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0653
2nd Support – 1.0634
Stop-Loss: To manage risk, place a stop-loss order above 1.0730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
A EUR/USD breakout is imminent (Weekly)I've been closely observing the EUR/USD price action on both the daily and weekly charts, and it looks like a major move is imminent.
Price is getting squeezed within that diamond pattern, and the best strategy right now is to stay flat and keep observing.
Once I can identify the direction, I'll be on the lookout for divergence at key support and resistance areas to start initiating positions in the direction of the price trend.
EURUSD Swing PlanAnother great setup for EURUSD. Ideas is basically the same as GBPUSD, we have a break of main bearish structure with a retest of the trendline. I expect a strong move to the upside in the next weeks, with a simple invalidation below the local bottom. I have three targets, the first at 1.074, the second at 1.08 and the third at 1.085
EURUSD: turned down to the support zoneEURUSD: EUR in yesterday's session also fell back to the support zone, showing that selling pressure is increasing with the EU. Today's session, Ace noted that it is very likely that the EU will penetrate this support zone. Therefore, you can sell down on EURUSD in today's session. Recommended to sell around 1.0700
EURUSD Sell | Trade SetupEURUSD is moving in a descending channel under the trend lines.
The price wants to broke the dynamic support
We expect a bearish move from the confluence zone.
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.
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EUR/USD - Easy Structure!! We are probably before a possible consolidation.
The highest/lowest points of the same are the optimal entry points!!!
Risk management plus a correct understanding of the market does the magic....
If you see an accelerated movement in the so-called breakout of the structure do not hesitate to execute!!!
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EUR/USD Shorts form 1.07100 or 1.07425My analysis for EU is similar to GU, focusing on sell opportunities. I'm particularly interested in a 4-hour supply level as a key area to take sells from. Once the price enters that zone, I will look for lower time frame (LTF) confirmation to continue the bearish trend.
If the price goes higher, which is also expected, a more favorable sell position would be around the 5-hour supply zone, as it offers a more advantageous selling point.
- Price has been very bearish recently indicating bears are more dominant.
- 5hr and 4hr supply levels left unmitigated thats now become our POI.
- Lots of liquidity left to the downside like Asia lows.
- DXY is also correlating and supporting this idea as the dollar is looking bullish right now.
- Lots of bearish pressure which means the correction is pending back up.
P.S. I expect this pair to start off bearish this week, aiming to break the nearby low. Afterward, I anticipate a reaction from the 4-hour demand zone, causing a retracement back up.
EURUSD Technical Analysis and Trade Idea👉 In this video we look at a trade idea for the EURUSD currency pair. The higher time frame charts indicate that the euro dollar (EURUSD) is currently facing downward pressure, suggesting a potential short (sell) opportunity. We’ve analyzed the overall trend, market structure, and recent price action. Additionally, we’ve identified a couple of options for setting stop loss levels. Remember that this information is for educational purposes only, and trading carries a high level of risk. Always prioritize good risk management strategies in your trading decisions. ✅🌟