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Eurusdprediction

EURUSD → Short to 1.06? Or Will we Break Resistance to Long?EURUSD was rejected twice at the Resistance Zone and ended last week with another leg up. Should we short here? How do we trade this? 🤔 We had a decent entry last week, but that ended with a surprise leg up into the Resistance Zone. We now have a sell signal at the top of the zone, but need to wait for a strong bear bar closing on or near its low below the Resistance Zone around the 1.10 area. Stop loss should be placed above the Resistance Zone and set a take profit around 1:2 Risk/Reward at 1.065. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the remainder of your position. 💡 Trade Ideas 💡 Short Entry: 1.09835 🟥 Stop Loss: $1.1150 ✅ Take Profit: 1.06500 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Contact with Resistance Zone and Two Bear Bars 2. Look for Follow-Through and a close below Resistance Zone. 3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons. 4. RSI at 60.00 and above Moving Average, Needs to Fall Below. 5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry. 💰 Trading Tip 💰 All trades carry a probability value based on statistical data of the price action. If the market exceeds 60% probability in a direction, it's reasonable to take the trade assuming your Risk/Reward and Probability are positive. ⚠️ 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 comment if you found this analysis useful!
Short
by TraderEngineering
2
EURUSD Longs from 1.08000 back upCurrently, EURUSD has been in a prolonged range, gathering significant liquidity. Given the current state of equilibrium, I am not actively seeking trades at this moment. However, I anticipate a potential move to unfold, continuing the bullish trend. For now, I will be patiently waiting for a breakout before considering any trading opportunities. There is another plausible scenario where price breaks above to mitigate the 10-hour supply zone, leading to a bearish reaction. This possibility is valid, considering the imbalances just below that need filling and liquidity that requires sweeping. My confluences for EURUSD buys are as follows: - A 10-hour demand zone below triggered a new CHOCH to the upside. - The overall short-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - I also expect the dollar to keep dropping indicating that EU will keep going up. P.S. As price is still considerably distant from any nearby Points of Interest (POI), I am content to wait patiently and refrain from taking any immediate action until price triggers one of the levels I am monitoring. Have a great trading week ahead!
Long
by Hassan_fx
6
EURUSD: Swing Sell Coming in| have a patience for it to happen|FX:EURUSD overall EU remain bearish after it rejected at previous high, EURO failed to gain control even after DXY plummeted, looking at the chart in 2 hour time frame, we expected price to rise up to fill the liquidity void and in that area we think there is huge amount of interest from sellers side. what do you think of EURUSD do you think it will drop? Please like and comment your views let's discuss different bias.
Short
by Setupsfx_
❓EU:wait more confirmation and development. Overall bullish now❓Since the last outlook, we saw some bullish development on EU. However the price delivery was not very clear, so I stayed out of this market. Current update is in the chart and please feel free to send your questions below. ☝️Dear traders, no one here has superpowers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌
Long
by Yelli_trades
2
EURUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023 Market Update: A Shift in EUR/USD Sentiment As anticipated, we witnessed a small pullback in EUR/USD, hinting at a bearish trend resumption. However, the market structure has taken an unexpected turn. Heading into next week, I'll be shifting my focus towards long positions. Stay flexible, adapt to changing conditions, and, as always, manage risk diligently. 🚀💹 #EURUSD #Forex #TradingView #TradingStrategy THIS IS THE SAME FOR ALL THE OTHER MAJOR PAIRS
Long
by Dion-FX
EURUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for BUY. 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
EUR/USD has established a support base;will it rise above 1.12?OANDA:EURUSD has shown limited movement since the start of the year, fluctuating within a range approximately between 1.09 and 1.1. Nevertheless, the price action indicates the formation of a potential support base, as observed through the consistent buying of dips and the pair's inclination towards an upward trajectory. Confirmation of an impending upward movement hinges on a breakthrough above the range's resistance at 1.1. In such a scenario, we could anticipate a surge towards 1.12. My strategy involves seeking buying opportunities during market declines, while considering a shift if the price experiences a daily close below 1.09, negating this optimistic scenario.
Long
by Mihai_Iacob
2
EURUSD: The ECB's Villeroy said the rate cuts hinged on stable 2European Central Bank (ECB) board member François Villeroy de Galhaud has made it clear that the possibility of a rate cut by the ECB depends on whether inflation expectations are firmly anchored at target levels. Use the bank's 2%. In his recent statement, Villeroy emphasized the importance of a data-driven approach to policy-making and signaled a move away from predetermined data-based policies. Villeroy's comments came at a time when some investors were expecting a rate cut as early as March or April. However, the central bank took a more cautious stance, saying it should not be in a hurry to cut interest rates. This cautious stance is in line with the ECB's broader strategy to contain inflation without hurting economic growth. The recent rise in inflation to 2.9% in December was due to technical factors such as the base effect from previous energy prices, which had a large impact on inflation. General distribution. It is important to note that the ECB's current deposit rate is 4%, and this level is already part of the ECB's toolkit for dealing with inflationary pressures. Villeroy's emphasis on stable inflation expectations is an important indicator of the ECB's commitment to its price stability mandate. Given the latest inflation data, the ECB appears to be maintaining a cautious and reactive approach to monetary policy in the face of economic uncertainty.
Long
by Chart_MasterPro
Will EUR/USD go to 1.1250? A detailed analysisHello traders and the entire Tradingview community! Previously on my EUR/USD analysis from last week, I opened EURUSD long@1.0880 level when price dipped during Friday's data release. Currently, EUR/USD is well above the 1.09 level. From the chart, you can see that price is consolidating at the lower trend line of the ascending price channel. So, based on the price action , I believe EUR/USD is likely to go towards 1.10. A sustained move above 1.10 will take the price towards 1.1250. My plan is to buy the dips in EUR/USD.
Long
by YourLazyTrader
8