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Eurusdprediction

SHORT EUR/USD from 1.0783The declining trendline (shown) has held down EUR/USD since the high of March 8th. It never ceases to amaze me that trendlines so frequently predict price although like anything in trading you cannot depend on them always. So you need other signs that the price is heading in one direction or another or if the price is reversing or about to reverse. The Andean Oscillator is a very accurate indicator that not many traders seem to use which I believe is a mistake as it carries a great deal of informatrion if read correctly. The red SELL line is now above zero on 1M, 5m and 15M and this would suggest EUR/USD BEARS are entering the market. Its also worth noting that the previous H1 candle is a classic doji indecision (possibly reversal) candle which adds weight to the analysis. The main worry about this trade is the proximity of the Weekly Resistance Pivot WR1. This sits at 1.0799 and will be a target for EUR/USD BULLS so I have the STOP above this level incase we get a run up to this resistance level. Target if the trade takes off will be the 200 EMA at 1.0750 area though the price would need to break through the 25, 50 and 100 EMA's to get there. Worth noting that the 200EMA on H1 and H4 are in the same place. The structure remains BULLISH whilst we trade above the H4 200 EMA but a break of this level opens up a possible deep move south down to 1.0664.
Short
by forextraplaces
EUR/USD Longs from 1.07400 up towards 1.08200EU shares a similar bias with GU, as they exhibit comparable movements. Therefore, I'll be focusing on potential buying opportunities this week, particularly from either the 6hr demand zone or the one just below it. Given the presence of an equal low beneath the initial demand, it wouldn't be surprising if this level is breached to reach the subsequent demand zone. In the event that price doesn't reach these levels, I'll be monitoring for a wyckoff accumulation pattern to emerge. This would signal a buying opportunity, aiming for an upward move towards the major supply zone, mirroring GU's position. I anticipate this scenario unfolding around midweek, so we'll have to wait and see. Confluences for EU Buys are as follow: - Price has been bullish in the recent price action as you can see via the market structure. - Two 6hr demand zones in close proximity has caused a break of structure to the upside. - lots of liquidity in the form of equal highs above to target as liquidity. - Unmitigated 2day supply that price needs to go towards. - Dollar is also dropping so it makes sense with this bias. as they move opposite. P.S. If price continues its upward movement, I'll identify a new demand area for potential buy positions. Alternatively, I'll wait for price to reach the supply zone to initiate sell trades from that point. Lets catch these pips!
Long
by Hassan_fx
EURUSD Technical Analysis and Trade IdeaThe EURUSD is exhibiting a bearish sentiment on the weekly timeframe; nevertheless, there is a noticeable robust bullish trend observed on both the daily and the 4-hour timeframes. Notably, we witness a pronounced reaction at the weekly levels identified as resistance on the chart. Furthermore, we have identified a daily support level, marked as a potential target for a pullback and a prospective entry point for a long position. In the video, we thoroughly analyzed price action, market structure, the prevailing trend, and a plausible trading opportunity.
by fxtraderanthony
4
EURUSD Daily setupUsually i do not share ideas with timeframe lower than H1, but i want to try to share something different. This is how i usually plan my daily trades, and despite the main trend, i look for scalp in every direction. My main bias for EURUSD is short, but i think that today and tomorrow we could see a potential bounce. I drawed a possible reversal zone, that is a support area with liquidity. To open a long trade, i would like to see a touch in this area again and, in 4 hrs from now, a i will open a long trade if i see a reaction there with a break on the upside.
Long
by SaliJournal
EURUSD Trading Plan - 08/May/2024Hello Traders, Hope you all are doing good!! I expect EURUSD to go Up after completing this correction. Look for your BUY setups around the marked zone. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
EUR/USD looks bearish, back to 1.06 again?Hello friends, Friday was a good opportunity to sell EURUSD as price spiked to the resistance level. From the daily chart, we can clearly see that the descending trend line resistance has stopped the price. In addition, there is bearish candlestick formation at the 100-day EMA level. A combination of these two factors plus the bearish price action indicates that EUR/USD is on its way to 1.06 level. I have already sold on Friday and I will be looking to see again if price reaches the 1.0770 level.
Short
by YourLazyTrader
SasanSeifi 💁‍♂EUR/USD 4h 🧐Key Levels to WatchAfter a correction from the supply zone and a correction based on the latest analysis, the price faced demand again and was able to rise to the target of 1.080. Currently, by examining the FX:EURUSD chart, as you can see, after rising to the desired target, the price is trading in a range of around 1.077. There is a possibility of further correction in the medium and long term. In the meantime, I expect the price to rise to the supply zone and order block area. Then, we can look for selling opportunities between the price ranges of 1.083 and 1.085. In case of further growth, to better understand the continuation of the trend, we need to see how the price reacts to the mentioned ranges. Confirmation of the sell is very important. The previous analysis 👇 This is not financial advice. Always do your research before making any investment decisions. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Short
by SasanSeifi
EURUSD: The dollar steadied after a payrolls-led plunge, with maThe dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April. The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are increasing expectations for a 25 basis point rate cut in September.
Long
by Chart_MasterPro
EUR/USD SHORT TO LONG idea (towards 1.08200)My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I plan to switch strategies once price reaches the significant supply zone. Currently, the market remains bullish, prompting me to prioritize seeking buying opportunities near demand zones to drive price upward. The most intriguing opportunities for me lie within the demand zones on the 2-hourly, the 22-hourly below, and the two 4-hourly zones at the bottom. Confluences for EU buys are as follows: - Price has recently been in an uptrend, forming higher highs and higher lows. - 2-day supply zone that needs to get mitigated eventually. - Good demand zones left that price might pick up another bullish rally from. - Liquidity to the upside as well as substantial imbalances that need mitigation. - price has also recently broken structure to the upside once again to confirm the trend. P.S. If the price maintains its upward trajectory, I will wait for it to decelerate and consolidate within my designated area. Upon closer examination, I've identified several refined zones, such as the 4-hour supply zone. In such a scenario, I won't rush but will instead wait for a thorough and significant mitigation before taking action. Have a great trading week guys!
Long
by Hassan_fx
EURUSD Bullish Robbery plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of EURUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader