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Eurusdprediction

EURUSD → Day Analysis | BUY SetupHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 GOOD LUCK! 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💰
Long
by TheGrove
1
EURUSD: The US interest rate outlook is the main weight for currMost Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets. Powell's comments late Sunday reiterated the Fed's earlier message that the economy's resilience gives the bank more room to maintain a restrictive monetary policy. This caused traders to largely abandon expectations that the Fed would start cutting interest rates in March or May. CME's Fed Rate Tracker shows an 83% chance the Fed will hold rates steady in March and a 35% chance the Fed will hold rates steady in May, up significantly from a 9th chance. 9% was seen last week.
Short
by Chart_MasterPro
EURUSD → Descending Wedge Support! Back up to 1.11!?EURUSD fell from the Resistance Zone into a two-legged pullback around the Daily 30EMA. There isn't much for bear strength, so are we in a position to long? How do we trade this? 🤔 A long could definitely be justified if we get a strong bull close above the Daily 30EMA. We have a two-legged pullback from the Resistance Zone, several doji and weak bear bars showing weak bears, and RSI, while below the Moving Average, is at 47.00 and has room to move up. I suspect that if we get that strong bull bar, the RSI will rise above the Moving Average, which would support the long position suggested. 💡 Trade Idea 💡 Long Entry: 1.09500 🟥 Stop Loss: 1.08100 ✅ Take Profit: 1.10900 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Two-legged pullback from the Resistance Zone 2. Multiple doji and weak bear bars as the price falls, showing weak bears 3. Support near the Daily 30EMA 4. RSI below Moving Average, but with a clear strong bull bar closing above the 30EMA, that could change 5. Once a strong bull bar closes above the Daily 30EMA, it's reasonable to long a 1:1 scalp 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
Will FOMC cause a EUR/USD rush?We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700) As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern. If the daily candle closes with a gain, that signifies a strong indication of a bullish move but the question is, if the bulls decided to run, how far will the up move be? If targets are at the pattern projection, we’re looking at 1.0900 minimum which is in the same area at the main pivot zone. If sellers come pouring in, then I’d project a move down to at least 1.0750. With FOMC on the horizon, I wouldn’t be surprised if price whipsawed to stop many traders out before actually making any significant move. From a purely technical point of view, we’ve got a falling wedge with what is now a more prominent “hidden” MACD divergence. Long term, I’m bullish on the EUR/USD due to a large bullish pattern that can be observed on both the Monthly and Quarterly time frames. Projected long term price targets are 1.1500 followed by a second target of 1.2000 We shall see tomorrow with FOMC and NFP Friday morning. Trade safe and manage risk.
Long
by InternalTraderNYC
EURUSD can fallThe EUR/USD currency pair is currently undergoing a technical analysis that reveals a distinct trading pattern within a parallel channel. Notably, the price movement has been consistently adhering to the resistance of a downtrend. This suggests a strong adherence to the prevailing bearish momentum. As per the analysis, there is an anticipation that the price is likely to experience further decline. Traders and analysts are observing the parallel channel dynamics closely, expecting the downward trend to persist. This analysis serves as a valuable insight for market participants, providing guidance on potential trading strategies and risk management based on the observed technical patterns in the EUR/USD currency pair.
Short
by indaytrading
2
EURUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis. Great SELL 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💰
Short
by TheGrove
1
EURUSD Plan for week 5 - 2024Plan for the week for EURUSD I would normally push this out on a Sunday but I have been pushed for time and also the h4 was right in a zone that made it hard to work with. Now that it has pushed though this zone and shown some intention I am happy to give you my thoughts. It is now looking like the H4 has confirmed bearish order flow which lines up with the weekly major trend and the weekly order flow so shorts for the foreseeable future should be the highest probability trades
Short
by Kram_Capital
EURUSD 4H : Try to drop EURUSD New forecast Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744. Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains. The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744. Additionally ,Today News will affect on the market . resistance line : 1.0892 , 1.0928 support line : 1.0808 , 1.0744 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
19
EUR/USD Longs from 1.07500 up towards 1.08800For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response. Alternatively, if price doesn't reach this demand zone, I foresee a swift retracement to fill the imbalances from NFP Friday, followed by potential distribution within the newly identified 10-hour supply zone. Should this supply zone be tested first, my strategy will involve selling positions targeting the 2-hour demand zone. Confluences for EU Buys are as follows: - Price is near a clean 2-hour demand zone that has broken structure to the upside. - Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up. - There's lots of liquidity to the upside that needs to be addressed as well as some imbalances. - Dollar (DXY) is still looking bearish as well which means more upside is still left for EU. P.S. Should the 2-hour demand zone be breached, I anticipate a shift towards a bearish trend, as it represents the final support connected to that wing point. Keep your zones pre-marked to stay prepared for any sudden price movements. Have a great week everybody!
Long
by Hassan_fx
6
GBPUSD I Short-term buy from support after recent impulseWelcome back! Let me know your thoughts in the comments! ** GBPUSD 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
EURUSD,🟢Is it also bullish? (Read the caprion) Well as you can see, the market structure is bullish now and the price had a deep retracement move to the extreme bullish order block. In addition, we can see the price created the liquidity above the order block that makes the demand zone more valuable. As a bullish target, we can define the liquidity above the equal highs as a first target and also we can expect the price to break the previous high. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
EurUsd could resume its up trendIn the past two weeks, EUR/USD has been very choppy. In fact, the pair has remained relatively unchanged in terms of price since the beginning of the year. Upon examining the chart, we notice that although the pair has reached new lows, these were very close to each other and were quickly reversed. This type of price action typically suggests a medium-term reversal, which could indeed be the case for EUR/USD. Confirmation of an upside reversal would occur if the pair stabilizes above the 1.09 zone. In such an instance, reaching the 1.12 zone could be feasible in Q1.
Long
by Mihai_Iacob
Stuck in Limbo: A Leap to 1.15 or a Slide to 1.05 on the Cards? The EURUSD has been stuck in a range between 1.05 and 1.10 for around a year now. We're left wondering: could we see a breakout towards 1.15, or will it drop back to the bottom of the range at 1.05? What happens as the price dips below 1.08 could be crucial. Take a peek at the daily chart below. It shows us inching back down to an untested weekly BUY/DEMAND zone. This is where we last saw the price climb above 1.11 before it sharply dropped back within the 1.10 range. As the price makes its way back to this BUY/DEMAND zone, the selling momentum isn't all that fierce. Each time the price dips, buyers are quick to jump in. This might be hinting that big players are quietly building buy positions, possibly to break past 1.10 and head up to the 1.15 Monthly SUPPLY/SELL zone. Or they could just be waiting for this weeks news events?? My plan is to wait for the price to fall into the buy zone below 1.08, then look for a BUY signal on my TRFX indicator on timeframes above 6 hours. The first target for this position is the 1.10 area. I'll be keeping an eye on the momentum as we near 1.10. If it's strong, it might indicate buyers are targeting a move above the 1.11 high. However, if there's a clear break and close under 1.07, this idea won't hold, and the price will likely move back down to the bottom of the range at 1.05, which could also present buying opportunities. With the FOMC and NFP events coming up, these could be the catalysts for these moves. That's my view on it – hope you found it useful.
Long
by TheFxAce
6