EURUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Eurusdpriceaction
EURUSD: Hit first tp level, consider buying again on retracement
Hello everyone, on March 2nd, when EURUSD was around 1.058, I provided a long strategy and a take-profit level. The first take-profit level has been reached now, and partial profits can be taken here, while the rest can be left to wait for the second take-profit level.
Alternatively, all profits can be taken and wait for a retracement near the support level around 1.062 to go long again, with a target around 1.068.
Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a message in the comment section, and I will help you develop the most reliable solution with a serious and responsible attitude.
I wish you a pleasant day!
EURUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Looking for short continuation EURUSD – the week of 27 Feb The USDX (USD index) has been bullish recently and ended last week with a massive bullish candle. As a result, EURUSD has been declining and I cannot see any reason why this should change next week. Price is currently within an intermediate S/R zone and a pullback is likely. The deeper pullback we get, the better it will be. That would be great because that will provide a good price to take a short and a smaller stop.
My recommendation would be to switch to a lower time frame such as H4 or H1 and look for signals that the downtrend is resuming. Targets can be located at next support areas near 1.040 and then the parity level of 1.000.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
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I will notify you of the EURUSD entry opportunity
Regarding the euro, the inflation outlook in the Eurozone is uncertain, and the European Central Bank (ECB) is not expected to shift its tightening policy quickly. On Tuesday (February 28th), the French CPI annual rate was recorded at 6.2%, higher than the expected 6.1% and the previous value of 6.0%; this indicates that there is a risk of a rebound in Eurozone inflation.
On the US dollar side, since early February, a series of economic data in the United States have been stronger than expected, and market expectations for US inflation have rebounded. Expectations of a rate hike by the Federal Reserve (Fed) continue to rise, and the currency market has sharply raised the pricing of the peak of Fed interest rates. If the upcoming economic data continues to exceed expectations, there is still a possibility of further strength in the US dollar in the short term.
The Eurozone CPI for February, which will be announced on Thursday (March 2nd), and the US ISM Services PMI for February, which will be announced on Friday (March 3rd), are worth paying attention to. If US data continues to perform strongly, it will put pressure on the upside of EURUSD.
Looking at the EURUSD 4-hour chart, after a short-term rise, it is once again under pressure to fall back. The upward momentum is obviously insufficient, and there is a demand for a pullback. I personally expect the market to confirm a wave of support before ushering in a new round of upward movement, which will also be our entry opportunity.
My suggestion is to wait for the market to adjust to the range of 1.05400-1.05500 to initiate a long position layout. This is a key support level in the oscillation range and also a relatively good buying point. If you have large funds, you can enter in advance. Friends with small funds need to be patient and wait for the buying point to appear. The first profit-taking position above is 1.07200, and the second is 1.08000.
I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes. Friends with questions can leave a message to me in a timely manner, and I will give the most prudent advice to help you.
EURUSD SHORT TERM INTRADAY IDEAIntraday Analysis - EURUSD - ( 2nd MAR 2023 )
Similar to GOLD , will be looking for shorts on EURUSD. Overall bias stays as bearish. However we have EUR CPI during London session later.
If cpi comes out as per forecasted , or higher than forecasted, EURUSD will have a short lived rally to greater sell side liquidity zones as marked in the charts. However do note that the move may be short lived and could possibly be corrected the next day or the following week.
Why high CPI means EUR rally ?
Understand that CPI is a strong indicator of inflation. With high inflation , higher interest rates have to be implemented to combat inflation which will cause the strength of EUR to increase.
It is possible to take advantage of CPI data buys or shorts but risk lesser
HRHR BUYS AT 1.06850
MRMR BUYS AT 1.07300
HRHR SELLS AT 1.07900
MRMR SELLS AT 1.06800
SAFEST SELLS AT 1.05800
NOT ADVISIBLE TO TRADE NEWS FOR ROOKIE TRADERS
EURUSD WILL FALL BACK TO 1.050 THIS WEEKTHE EURUSD may make a correction up to the area around 1.060 or even a little bit above that. but the overall trend is down so the price will fall this week to the price area around 1.050 or even lower!
that's what I believe! what about you guys? what do you think ??
do you agree or not ??
EURUSD possible sell zone!!Currency Pair : EURUSD
Possible direction : Bearish
Technical Analysis : Price has broken out of daily support and showing strong bearing momentum on daily and 4h. Current session candle has a very weaker response from the buyers, and as the price heading to monthly support, there is a selling opportunity on the test of the previous support turn resistance after a strong rejection.
Possible trade recommendation : Bearish as per chart sketch
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EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
- Definitely according to the MARKET STRUCTURE EURUSD can go up to the 1.0944 RESISTANCE LEVEL. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR.
- Then EURUSD can go down until the 1.0200 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
EURUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD SELL EURUSD so basically we would be more focused on the Sell Movement which is over 300 pips plus have been studying EU for the pasted 3weeks now and it is safe to say I finally got my Proper Confirmation on EURUSD, based on my Top down analysis EURUSD on the Monthly time frame rejected the Monthly and Weekly resistance zone / area then Leaving us with a good Choice on Making proper use of our fib, so how ever breaking it down to the Daily and H4 we noticed EU broke a Massive Buy Trend line then rejected the Weekly resistance lvl on the D1 and H4, so with that being said we would be waiting on price to test our sell zone before taking EU trade.
I might likely drop a Buy Analysis too buying to our sell Level.
Thanks guys drop a Comment and let me know what you think your comments are very important guys.
EURUSD: Forex Pair 4H TF Market OutlookThe EURUSD shows bearish trend on 4H timeframe, with anticipation of price hitting support at 1.07208/1.06700, potentially leading to reversal and head/shoulder formation at 1.09055. Possibility of minor support hit at 1.07208/1.06701. Market volatility may be affected by Powell's speech and EU Economic Forecasts, hoping for a positive outlook.
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EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- According to the analysis we gave the previous day, the EURUSD DOWN SIDE WAVE has gone down about 140 ++ PIPS. We hope you get it anyway. As we have given it, the UPSIDE WAVE is moving.
- Currently the MARKET SENTIMENT for EUR is slightly UP SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are slightly UP due to MARKET RISK being ON. And due to the ECB RATE HIKE SENTIMENT, EUR is being BUYED. It will greatly affect the US dollar to weaken it.
- Definitely, according to the market structure, EURUSD can go down to the support level below. Currently there is a good UP SIDE BIAS in the MARKET for EUR. Accordingly, EURUSD can go down to 1.0048 LEVEL. And after that EURUSD can be BUY to the 1.0340 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #XAUUSD
According to the analysis given to XAUUSS earlier, the TREND LINE BREAKED and went UP about 80 PIPS. We hope you get it.
We have some very important NEWS coming to the USD this week, especially tomorrow. So we have to wait a bit until we get them. There was a SPEECH by FED CHAIRMAN yesterday. There are two more FOMC MEMBERS SPEECHES today.
Anyway, with US10Y up, GOLD is going up a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. After that you can definitely move to 1782 LEVEL GOLD. Be careful.. eurusd
EURUSDMaybe you, like most banks, traders, and me, are interested in how far EUR/USD will fall.
Following the analysis, review, and update of the chart I did on August 22, the price fell according to the analysis and reached the target area.
I checked the chart more. First, I must say that the euro has lost two strong support zones.
Overall, I see a downtrend.
I think the following zones will be around the price of 0.97550 to 0.94150.
As is evident in the picture, I see a correction in the lower time frame in the chart.
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EURUSD| Bearish price forecast!For days EURUSD had been in a strong bearish momentum and I believe in a long term Euro will continue to face pressure against the dollar. We saw a bit of a rally to the upside at the beginning of the week which I believe it was just some sort of corrections and at this point this market is more likely to continue falling seeing that it broke below the ascending channel on lower time-frame. I will look for possible opportunity to short this market with two targets in mind, 1.05538 and 1.046657.
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