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Eurusdprediction

EURUSD May 20, 2024 Is this price increase over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Based on the Elliot wave principle, we analyze the H1 chart - We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc. - Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c. - This is a very good price range to be able to execute a sell order at this price range - Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787 Trading plan We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787 Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level. 📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East. 📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal. 📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier. Trading signals SELL zone 1,093-1,095 SL 1,097 BUY zone 1,081-1,079 SL 1,076
by TVS-Trader
EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY 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
Long
by TheGrove
7
EUR/USD Shorts to Longs ideaMy EU analysis this week focuses on shorting opportunities. I will look for sells either from the 6-hour supply zone near the current price or, ideally, from the 11-hour supply zone if the price breaches the Asian high and continues upward. If the price opens lower, I will look for buying opportunities at the 4-hour or 3-hour demand zones. Once the price reaches these demand zones, I plan to buy up toward the supply zone, as we are still in a short-term bullish trend indicated by the recent break of structure to the upside. Confluences for EU Sells are as follows: - 11hr supply zone has caused a break of structure to the downside and nearby 6hr supply. - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has already mitigated 4hr supply might be a start of a bearish trend. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. - Clean 11hr supply that has an imbalance that we could see a clean reaction from P.S. Since the price is between liquidity zones, I will approach these nearby areas with caution and may lower my risk until the price reaches more favourable extreme zones where trades will be more worthwhile. Have a great trading week!
Short
by Hassan_fx
1
EURUSD week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week we saw the US CPI increase beyond expectations plus the number of applications for unemployment benefits decreased even though the labor market decreased. This shows that people are gradually adapting to the economic downturn. maintain high interest rates. This will create motivation for the Fed to continue maintaining high interest rates in the near future, increasing the strength of the USD against the EUR. We use the Elliot principle to analyze the EURUSD chart Looking at D1, we see that the correction process is entering the wave c phase in the abc correction rhythm. We have an important price level of 1.0444 to confirm the existence of wave c, which is when the price breaks out of this price range. Then we will measure the end target of wave c at two price zones: zone 1.02 and zone 1. Next week's plan is to focus on observing the price range of 1.0444 to plan our trading. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP
A must-read for trading foreign exchange.EURUSD or GBPUSD The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar will fall significantly in the short term. After all, the market needs to be repaired, and it will take time. It may be necessary to rely on larger news when it falls again. The U.S. dollar index is currently in the process of gradual recovery. I said at the weekend that the index is expected to maintain a range of 105-105.5 this week. At present, the market is in line with my expectations. If you are a friend who likes to do foreign exchange, you can consider selling other currencies by referring to the US dollar index. Priority is given to EURUSD and GBPUSD. The approximate operating space is around 500-1000 points. Pay attention to controlling risks during operation. OANDA:GBPUSD OANDA:EURUSD When the U.S. dollar index reached above 1050.5 and stood firm. You need to consider buying other currencies. These are some of my views on foreign exchange. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack
EURUSD Sideways Range OpportunitiesThis day the EURUSD faces news from European industrial production, tobacco, energy and food sectors. There is also a statement from Vice President de Guindos at noon today. The data reported by the US yesterday was quite poor with a similar result to expectations, in the case of manufacturing production slightly better than expected, and the Fed's inflation expectations were met. The Fed's balance sheet showed $7,353 billion versus $7,304 billion in the previous quarter. The Fed's available reserves are 3,331Trillion versus 3,416Trillion in the previous balance sheet. It is very likely that gold withdrawals from African countries and China are affecting the entire Fed balance sheet in favor of China and Russia. As well as Russian expropriations of US assets as punishment for the expropriation of assets to benefit Ukraine. Today's US monthly Production data is expected to be slightly down, keeping GDP similar year-on-year, although expected to be worse than last year. It would not be surprising to see a bearish continuation of the dollar given the current situation. At the moment, looking at the chart, it seems that the Euro dollar is in the middle of a long range. If we look at the price bell its formation is a monocamp, so it can indicate a high trading at the price of 1.08422 dollars per euro. This is nothing new given that the big capitals are containing the price to continue with their acquisitions in the European market, as has happened with the Yen against the dollar. At the moment it is possible that the high of 1.10030 and a low of 1.06000 can be tested without excessive intention of breaking out of this range. The RSI has marked a signal at the overbought limit at 70% turning to the mean and the evolution confirming this lateralized permanence. Ion Jauregui - AT Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Short
by ActivTrades
💡 EURUSD: Analysis May 15Bar D1 increased yesterday with a wide range, had a lower shadow and closed close to the top, showing very good buying pressure during the day. More importantly, this D1 bar closed above the previous Inside bar pattern, creating an upside breakout that could be the price action that gives EURUSD D1 additional upward momentum. However, structurally, EURUSD D1 is still inclined to decrease with gradually lower price peaks and troughs. The sweep down then pulled back up and bounced strongly upwards, creating a new high price peak to help EURUSD H1 continue the short-term upward price trend. Combined with the bullish breakout at D1 from the Inside bar, H1 EURUSD today is quite favorable for the idea of ​​waiting to buy from the supports below. 💡 H1 trend: EURUSD up Today's trading idea: Buy EURUSD.
Long
by Stone_Haven
2
💡 EURUSD: Analysis May 17EURUSD fell yesterday, bouncing down from the strong resistance above. However, the downward pressure on prices is not strong because yesterday's decrease bar D1 had a narrow amplitude and had a lower shadow, showing that there is still buying force pushing up. The D1 EURUSD chart structure is still accumulating sideways. Need a break above the current resistance for EURUSD D1 to reverse to an uptrend. After the previous price push up, EURUSD H1 is having a pull back down. But with the dominant H1 chart structure being bullish, EURUSD H1 today can continue to wait to buy. Buying points include (1) waiting for an upward push to break the current small range and then retesting to buy, (2) being able to buy if the price drops deep to the lower support zone.
Long
by Stone_Haven
EURUSD Short Trade Setup A #short trade opportunity recently presented itself on the #eurodollar (#EURUSD) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 1.08939 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 1.06500 psychological level and possibly testing the strength of the 1.06443 horizontal support level. As always, please apply appropriate risk management. Happy trading! #majorpair
Short
by charles-okoukoni
1
Fundamental Analysis of the US Dollar The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack
EURUSD: The USD fell against the euro awaiting CPI dataThe US greenback fell to a one-month low in opposition to the euro today, as buyers predicted the discharge of a key US inflation record that might affect US coverage decisions. Federal Reserve. The euro rose barely 0.03% to 1.0823 USD at some stage in Asian buying and selling hours, at one factor attaining 1.0828 USD, a stage now no longer visible given that April 10. The US greenback index, which compares the greenback in opposition to a basket of six important currencies with a widespread emphasis at the euro, fell 0.11% to 104.94. Earlier, it touched a low of 104.92, its lowest in per week and a half. At the identical time, US Treasury yields fell, with the benchmark long-time period yield falling to 4.4414%, persevering with its in a single day decline of 3.five foundation points.
Long
by Chart_MasterPro
EURUSD DAILY SETUPHello, traders here is a setup of EURUSD on a daily timeframe as you can see the market is bullish and has broken the trend line so as things stand right now I will be waiting for the market to break the resistance zone (the first green zone) and come back to retest it then I will look for bullish trades. If the Market decides to go down I will be prepared for it too as I will wait for it to break the support zone (the first red zone) then I will look for bearish opportunities.
Long
by dlaminisya
💡 EURUSD: Analysis May 13EURUSD did not change much in the weekend session, the price is still testing the upper border of the falling price channel, the bearish structure is still valid, however the continuous testing of the 1.08 area shows that buying pressure is returning, Be careful with the possibility of the price breaking the structure, you need to maintain the profit taking point for long positions above 1.08, we will abandon this strategy when the price does not break this important resistance level. .
Long
by Stone_Haven
EURUSD Wednesday PlanHere you are a simple trading plan for tomorrow. It's pretty ambitious, but maybe it can help you finding good entries. This is how i works, i make plan, and if i have triggers, i'll open trades. Momentum is good and bullish for EURUSD and looking for shorts now it's pretty useless. I am waiting a retrace in the asian session, with a range in pre London. If we will have a range there, i will open if we will grab liquidity from the down side (long squeeze) and i will open a long trade around 1.07850 targeting 1.08650. Another trade can happen at the beginning of the NY session, where (if we are already up and above actual level) we can look for new longs around 1.08250. Same target
Long
by SaliJournal
2
🌟 EUR/USD Channel breakout ..BUY for further upside move🔥👉🏻EUR/USD has continued the bounce from 1.0725 that started last Thursday, and the pair is now re-testing the 200-day moving average. 👉🏻EUR/USD had previously tested the 200-dma as resistance on NFP Friday, which led to a pullback. But bulls held a higher-low at prior resistance of 1.0725 and that’s allowed for another re-test of the moving average. 👉🏻The big question now is how the USD and related pairs, especially EUR/USD, perform around the Wednesday release of CPI.
Long
by The_Bitcoin_Daddy
1
💡GU Multitimeframe 💡Starting to see some bearish confluences on GU ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Short
by Yelli_trades
2
EURUSD: Dollar steadies ahead of CPI dataThe dollar index and dollar index futures were little changed during the Asian session on Monday. But traders remain largely biased against the greenback ahead of key US inflation data later this week. The CPI - released on Wednesday - will be closely watched, as it could influence the US interest rate outlook. The dollar saw wild swings last week as mixed U.S. economic data raised questions about when the central bank will start cutting interest rates this year. However, while the US economy appears to have cooled in recent months, inflation is forecast to remain high.
Long
by Chart_MasterPro