Eurusdprediction
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
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EurUsd- 1.05 is a strong possibilityOn Tuesday, April 9th, I posted that rallies in the 1.09 zone, which represents the resistance of the falling trend line for FX:EURUSD , should be sold with a target at the 1.07 zone support level.
The following day, CPI figures came in hotter than expected, triggering the anticipated drop. Now, with the pair at the support level, what can we anticipate next?
Upon examining the chart, it's evident that the euro has shown weakness throughout the year, with rallies being consistently sold off.
Additionally, this marks the third test of this support in 2024, and since December's high, the pattern is a descending triangle (and if we trace back from November, we could even speculate a head and shoulders pattern).
Considering these factors collectively, I anticipate a break below 1.07 with a target at the 1.05 support level.
Furthermore, if we consider the measured target for both the triangle and head and shoulders patterns, we might even see a drop to 1.02 in the medium term.
Any rallies approaching the 1.08 mark should be viewed as selling opportunities in pursuit of a favorable risk-to-reward ratio.
Bought EURUSD@1.0735, who is with me?Hello traders, as predicted a couple of days ago in my EUR/USD idea, the resistance level of 1.0875 worked well and price fell massively after inflation data from the US came out.
Currently, EUR/USD finds itself back in the support region. As the support zone has not broken yet, I have bought EUR/USD already. I recommend traders to buy EUR/USD@1.0710-1.0740 with stop loss below the 1.0680 level and TP at 1.0840, 1.09 provided the support region remains unbroken.
Use proper money management, we have another important day coming up with lots of news releases.
Setups for EURUSDHi all!
There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began.
I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997.
Alternative scenario (unlikely)
We don’t follow the liquidity that is on top, and immediately move towards filling the FVG for 1 month. And there we look for bullish steps.
EURUSD → TRADE Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY! Great BUY opportunity EURUSD
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EurUsd is approaching important resistanceSince the start of the year, the price action of FX:EURUSD has been clearly confined within a descending triangle, with a base formed at 1.07. Recently, the pair reversed once again from this crucial level and, at the time of writing, is trading at 1.0856, close to the descending trend line of the triangle.
A rise towards the 1.09 resistance level could provide bears with a favorable entry point for a new drop towards support.
However, the negation of this scenario occurs if the price closes towards 1.1 on a daily basis.
EUR/USD rally loses steam ahead of US inflation reportThe euro's rally from the December low appears to be losing steam. Tuesday's high respected a resistance cluster including a 61.8% Fib level, high-volume node and trend resistance. A 2-bar bearish reversal (which includes an engulfing candle) only made a marginal high above Friday's high, and a bearish divergence has formed on the RSI.
With CPI looming, perhaps the market will try to fill some of the liquidity gaps left during the bearish engulfing candle. And with the potential for a hotter-than-expected CPI report (and therefore a stronger dollar / lower euro), the bias is for an eventual retest of the 200-day average ~1.0832. A break beneath which brings 1.0820 and 1.080 into focus for bears.
USD bounces back following Strong Jobs Data 🖤The EurUsd Monthly candle is bullish to begin the 2nd quarter and after the first week of Aprils trading. The weekly candle closed bullish as price rejected our key weekly support level 1.0771. The candle left a 40 pips top wick for this weeks candle to go fill in bullish momentum. However, we observed a shooting star candle on Thursday that closed below our 1.0837 Daily resistance level. The friday daily candle dropped and bounced back up after NFP news. Yet, price still managed to close bearish and below our daily resistance level 1.0837. A Shooting star candle followed by a Hanging man candle.. It's early in the month and I still think we can observe some USD strength. How long it will last im not sure.. It's early in the week and a downtrend on the 1hr timeframe back to Friday's low seems possible. We must observe how price acts around the 1.0844 4hr resistance level. Other Key level's include 1.0825 1hr zone, and 1.0805 4hr zone which is our short term target to begin the week here.
We've observed strong jobs data 2 months in a row. March and April releases have both been strong.. this coupled with the fact that CPI is snaticpated to increase from 3.2% to 3.4% this week suggests a healthy consumer spending economy, strong USD. It also suggests more uncertainty regarding inflation because March increased YoY for CPI.. and now April? The fed is going in the opposite direction for it's goals.. Maybe institutions.. it's time to buy the USD safe haven asset of the world?
Weekly timeframe
Still ranging on the monthly timeframe but it appears the monthly candle is pulling up or is this a liquidity move preceding more USD strength.
EURUSD I Potential long from demand zone Welcome 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.
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EUR/USD at a critical level, which way will it got?Hello traders, we had over 120 pips last week from out EUR/USD buy at 1.0740 level. However,
since then, price has pulled back a little.
The situation is a little tricky on the daily chart, as we are seeing some uncertain price action
in the 100-day EMA level. So, at the current price levels, I would recommend traders to
stay away from placing any new orders.
My plan is to buy the dips in EUR/USD if price goes back to the 1.0770 level again.
One of the most important things to ensure while trading is to be patient and avoid any sort of FOMO. This will ensure you trade only when the price reaches your preferred levels.
EURUSD Daily scalp setupHere you are a short setup i am waiting for on EURUSD. I expect a small consolidation and drop below main trendline. In 3 hrs from now, i expect an end to the consolidation with the NY session. There, if i the price will be traded below the black line (support zone) and will retest it, i'll open a short position targeting the support zone at 1.08230. It's and 1:7 RR, invalidation will be if the price will not break below the black line in the next 3 hrs.
EURUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY EURUSD
! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EUR USD PRICE - NEED TO BALANCE THE LIQUIDITY AT RESISTANCE ZONEHELLO TRADERS have a look of EUR USD price need to BALANCE the
LIQUIDITY which is IMBALANCED ZONE in the up ward direction,we can see that at 4h time frame from the past price in the up ward direction all the LIQUIDITY got FILLED, now its time to break the DOWN TREND LINE after that wait for the pullback then 1st target is 1.09134 nd 2nd target is 1.09952 nd 3rd target is 1.10882 , FOLLOW FORE LIVE CONTENTS
EURUSD: 300+ Pips a clear buying opportunity! Dear Traders,
Our last entry hit breakeven and price dropped heavily due to bullish dxy presence. We still expect DXY to remain bullish for starting few days of next week. We have identified the key area where we think price will reject and bounce back strongly which will give us 300+ pips. Wait for the price to come to our area and then enter accordingly with accurate risk management.
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EUR/USD S/R Levels, key zones to watch out forHello Traders, EUR/USD has rebounded strongly just after touching the
100-day EMA level. The rebound was fueled by the FOMC event yesterday.
Technically, this is a bullish sign. There is no resistance until 1.0980
level, so we can expect price to reach the 1.0980 level soon . Keep in mind
that this is a very weak resistance, so if there is enough bullish impulse, this
resistance may be broken soon.
A stronger resistance lies at 1.1140 which is our first target for selling
EURUSD UpdateThis is an update on the EURUSD analysis I shared last week with you guys, I was anticipating to see EURUSD trade higher to then trade lower and take sellside liquidity BUT now having seen how the WEEKLY time frame of both the EUR and the DXY are, I'm convinced we should anticipate buys to see buyside (The high Marked As A Weak High) liquidity taken, We would do good to anticipate buying on the rejection of the weekly which is aligned with a bullish daily Order block.
EURUSD next target above 1.1000 level**Monthly Chart**
EURUSD monthly timeframe shows the price is in a narrow range between 1.0700 and 1.1000 which needs to break on either side.
**Weekly Chart**
The price movements looks very clear when you move into a weekly timeframe, although the market is moving in a range. There is a ring high formation as of 25Dec2023 weekly candle, which tested the monthly high and liquidity pool around the MC candle of July 2023 before pushing lower. Currently, the price tested the pin bar of 12Feb 2023, grabbed liquidity, and started moving higher. The next target is expected to be above 1.1000 level.
**Daily Chart**
This week EURUSD moved lower only to grab liquidity after testing 0.886Fib level in the demand zone and pushed the price higher, suggesting a continuation of the bullish trend. Next target will be above 1.10500 level. NFP numbers yesterday (05.04.2024) were unable to push EURUSD lower, although the numbers came good for USD. US Work force adds 303K jobs in March - far more than expected. That's why I am aware of the fundamentals but I follow the technical as it tells the bigger story.
EURUSD,🔴Is it bearish...?🔴(Details on caption)
Well, first I must say the whole scenario is a low probability because NFP data will be released today, so stick to your money management system.
By examining the daily and hourly EURUSD chart we can figure out, that the price grabbed the buy side liquidity and created the bearish breaker with bearish FVG, also this breaker aligns with the 50% of daily candle shadow.
So we can expect the price to move higher to FVG and breaker then fall to sell-side liquidity.
💡Wait for the update!
🗓️05/04/2024
🔎 DYOR
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