Eurusdprediction
EurUsd Slightly Lower after Inflation Day 🎛️Hello Traders welcome back to another Top-Down Analysis of EurUsd. Today was CPI Inflation day and the market is about Break Even after the Day's trading. At One point EurUsd had depreciated in favor of the USD by about +.21% but we have since retraced .. possibly from profit taking and normal market movements.
0:0 Monthly Timeframe
1:51 Weekly timeframe
2:35 Daily timeframe
4:17 4Hr timeframe
5:55 1Hr timeframe
We observed an increase during Asian session back towards our weekly level 1.095 that was duly corrected as is expected from an Asian session move. London session corrected the Asian session move back to near the open of the Daily candle where we observed a bounce prior to CPI inflation data news release. CPI whipsawed down dramtically as the numbers were better than expected for the dollar at 3.2% (better than the 3.1% y/y). This opposes the Fed's goal of 2% y/y so it'll be interesting to see if we continue to reject 1.095 Weekly level in the ensuing days after CPI release. Our First target for Shorts would be a retest of the Lows created today at 1.09092 and possibly we touch 1.08722 in coming sessions. The fundamental reason would be market particiaptns flocking into the dollar as a safe haven asset since the Fed is moving in the wrong direction, and away from its 2% y/y goal.
EURUSD - Long opportunity ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.09000.
Fundamental news: Upcoming week on Tuesday we will see results of monthly and yearly CPI on USA. News with high impact on USD
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EUR/USD SELL STOP at 1.0910EUR/USD is steadily heading south and has been Friday afternoon.
Currently the price has pushed through the 25 and 50 EMA on H1 and is now hovering just above the 100 EMA.
Its possible that the 100 may support the price so I've set a SELL STOP under the 100 at 1.0910 and if the 100 EMA breaks then this trade will trigger.
With the 200 EMA on H1 below the price, this will be my initial target (1.0886).
STOP is just on the 50 EMA on H1 which is above the last 2 candles high.
The MACD is signalling SHORT with the slow and fast MA's heading towards zero.
RSI is of some concern as we are now bang on the 30 level so I anticipate some sideways movement in order for the RSI to climb and then fall.
The Andean Oscillator is a confirmed SELL with the red signal line having crosssed the green BUY line.
Pivot Point Supertrend has also recently given a SELL signal.
So all the signs are that we are headed lower but we do need to break the 100 EMA in order to see the price move south.
EURUSD M30 / Looking for a short entry after the breakout✅💡Hello Traders!
This is my idea related to EURUSD M30. At the moment we can see a breakout of the EURUSD and I expect a retracement until the FVG to execute a short entry. I expect the price to go at the level of 1.08800 after tomorrow's news on USD.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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EURUSD - March 11, 2024Price is not well price here at 1.09410 and even though this might not be the best setup, try to manage risk if entering. Look for how price will react to the demand zones below.
I see 1.09100 as a liquidity zone and i am looking out for price to come in here and give a confirmation entry at the 1.08770 zone.
💡 EURUSD: Forecast March 11EURUSD stalled on Friday, rebounding from the above resistance while creating a bearish pinbar pattern, showing resistance. However, with the previous breakout, EURUSD D1 is still slightly higher in price.
The EURUSD H1 chart structure shows that this pair is more bullish, with gradually higher highs and lows along with a bullish channel providing additional support. Because D1 is touching resistance, H1 can catch pullbacks to the resistance areas below to buy
EURUSD BEAUTIFUL TRADE hello guys .
after DXY dollar index fall last week eurusd started a beautiful bullish impulse that broke several key levels and pd arrays .
am expecting this week to be another green candle targeting last week high as a first target but since Friday candle closed as an inversed hammer am expecting Monday to be bearish and give us pullback towards the poi where a lot of chart elements and pd arrays overlap.
EU HAS MORE UPSIDE LEFT? (Longs from 1.09000)My bias for EUR/USD this week aligns with a potential upside movement, mirroring Scenario (A) in my analysis of GU. While I anticipate eventual selling pressure, there's currently no clean unmitigated supply zone that catches my interest. Instead, I foresee a retracement to the 10-hour demand zone for a potential buy opportunity, aligning with the current upward trend.
During this pullback, I expect price to re-accumulate within the zone, providing an opportunity for buying positions targeting either the equal highs or the imbalance above. However, my focus for this week revolves around identifying buying opportunities, considering the anticipated drop in price for future opportunities.
My confluences for EU Buys are as follows:
- Price has been moving bullish recently reinforcing this idea with recent break of structure.
- DXY has been moving very bearish recently supporting this idea.
- Clean 10hr demand zone left that has caused BOS, expect it to continue the trend.
- Daily imbalance above that needs to get filled.
- Lots of liquidity to the upside like equal highs and trend lines.
P.S. I wouldn't be surprised if price keeps surging from my demand zone, situated at a psychological key level, and proceeds to rally up to mitigate the significant 20-hour supply zone. This is where I anticipate the next significant downturn to occur.
Have a great trading week and watch out for this Tuesday's & Thursday's news events!
EURUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY .
! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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EURUSD likely to move from Uncertainty to OpportunityHello Traders,
It's good to be back to posting my analysis after a short break.
Here is my outlook on the EURUSD currency pair.
The directional movement of EURUSD is quite unclear. Recently, we have seen price encountered difficulty in closing above the previously established local maximum at 1.08058 in close proximity to the 800EMA, which serves as a dynamic resistance. Upon revisiting this level, a negative reaction occurred in the form of a pullback.
The current level is well-defined, and the breach of both this level and the 800EMA constitutes a strong signal for active buying. Until such a development occurs, the corrective structure may persist.
This current structure could also be viewed as a 1-2 wave structure within a broader wave . As such, this nested structure holds the potential to evolve into a considerably prolonged upward impulse.
In the prevailing circumstances, a breakout beyond the 1.08060 level would signal buying opportunities. The initial target is the 1.08640 level, acting as the center of gravity, and a successful breakout beyond this level is expected to push the price towards 1.0925 and 1.0986, respectively.
Cheers and Happy trading!
EURUSD I Short and long trading plan Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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EURUSD H1 / Possible Retracement Until Supply Zone💲Hello Traders!
This is my idea related to EURUSD H1. I expect the price to return until the supply area, and I will follow carefully for a possible short or long entry after the news on EUR. I expect the price to go continuously bullish as DXY breaks the bullish channel and goes bearish.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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www.tradingview.com
EurUsd- Will bulls finally conquer 1.09 zone?The EUR/USD, like the entire forex market, has been notably quiet in recent days, with prices fluctuating within a very narrow range. However, it seems that bullish momentum is building among EUR traders in preparation for a breakthrough.
As outlined in a previous analysis, the drop to 1.07 back in mid-February resembles the bottom at 1.0450 and potentially signals a higher low in the overall long-term trend. Additionally, the end of last month also marked a higher low, and confirmation will require a break above 1.09.
In such a scenario, the EUR/USD will transition into a bullish phase and could rise to test the 1.11 zone in the medium term.
EURUSDIn the 1-hour timeframe of EUR/USD, a bullish sentiment is evident with a breakout from a falling wedge pattern, complemented by an ascending channel formation and an ABC pattern. This confluence of signals suggests potential upward momentum, making it an opportune time to consider long positions for traders seeking bullish opportunities.
EURUSD 6E LongToday EU had a fairly strong daily close. Also, DXY rejected from some key daily levels.
My Daily DOL is Monday's high.
We also saw SMT divergence at the lows (EU failing to make lower lows while DXY made higher highs).
I want to see the H1 discount bullish arrays respected, to then look for a bullish displacement entry trigger on M5/M15.
💡 EURUSD: Forecast March 4EURUSD recovered strongly after approaching the 1.08 resistance threshold, a triangle-shaped accumulation area is forming, you need to pay attention to this model, if it breaks above, it will be a signal of consolidation. Check for previous bullish signals. Currently we still have long positions, with a stop loss below 1.08, you continue to hold these positions, the target is 1.09 and 1.1 respectively.