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Eurusdsell

EURUSD Analysis (1st May 2024) Market Analysis PT2/2 (1st May 2024) EURUSD Analysis On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from. Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute timeframe to look for a bearish Change of character for some potential A+ sell set ups to continue to bearish momentum. P.S. : There is EURO Bank holiday today, so do expect smaller volatility in the markets, but yet again the markets are unpredictable. Lets see what london brings us🐳
Short
by CallistoFX
1
EURUSD Bearish Butterfly Pattern Formation @ 4-Hour TimeframeEURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level. Trendline Analysis: Additionally, there is a trendline that intersects with the completion point of the Butterfly pattern. This trendline further reinforces the potential resistance at Point D and suggests a strong level of selling pressure. Bearish Momentum Expected: Based on the formation of the Butterfly Harmonic Pattern and the confluence with the trendline resistance, we anticipate a shift in momentum towards the downside. This suggests a bearish outlook for EURUSD. Entry, Stop Loss, and Take Profit Levels: Entry: We recommend taking a short position at 1.06800, which aligns with the anticipated reversal point (Point D) of the Butterfly pattern and the resistance level. Stop Loss: To manage risk, a stop loss should be placed at 1.07180, just above the recent swing high. This level provides a buffer against potential market volatility while allowing room for the trade to develop. Take Profit Targets: We have identified two take profit levels: TP-1: Set the first take profit target at 1.06400. This level corresponds to a significant support area and offers a reasonable profit target based on the expected bearish momentum. TP-2: The second take profit target is set at 1.06025, aiming for a deeper retracement. This level aligns with a previous swing low and provides a more ambitious target for profit-taking. Conclusion: In conclusion, the EURUSD pair is exhibiting signs of a potential bearish reversal as it forms a Butterfly Harmonic Pattern along with a trendline resistance on the 4-hour timeframe. Traders may consider short positions with an entry at 1.06800, a stop loss at 1.07180, and take profit targets at 1.06400 and 1.06025. It's essential to monitor price action closely and adjust positions accordingly as the trade develops.
Short
by trading_jupiter
2
EURUSD WEEKLY BIASEURUSD is bearish till my golden and final zone. The EUR/USD pair is one of the most widely traded currency pairs in the world. It represents the exchange rate between the euro, the official currency of the Eurozone, and the US dollar, the currency of the United States. Traders and investors closely monitor this pair because it reflects the relative strength of these two major global economies and can be influenced by a wide range of factors, including economic indicators, central bank policies, geopolitical events, and market sentiment
Short
by Po3_Trader
2
EURUSD : Short Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in a descending channel and after a heavy drop it is moving in a range. We expect that if the price pulls back to the specified resistance level around the price of 1.07000, this level will maintain the downward trend of the price and the price will have a fall to around 1.06100. If the price can break this level, the second target will be the specified support level, i.e. around the price of 1.05300. Good luck.
Short
by mrAT_Trader
3
EURUSD Profit Opportunity with the Crab Harmonic PatternEURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis. Key Levels and Fibonacci Retracement: Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance. Additionally, Point D aligns closely with the 0.618 Fibonacci retracement level, strengthening the case for a potential reversal. Trade Setup: Based on the analysis, we recommend initiating a short position upon confirmation of bearish momentum at the identified entry point of 1.06626. This entry aligns strategically with the projected reversal from Point D of the Crab Pattern. Risk Management: To mitigate potential losses, a stop loss is advised at 1.06913. This level provides a reasonable buffer to withstand potential market fluctuations while preserving capital in case of adverse price movements. Profit Targets: We propose three profit targets to capitalize on the anticipated bearish momentum: Take Profit 1 (TP-1): 1.06344 Take Profit 2 (TP-2): 1.06048 Take Profit 3 (TP-3): 1.05760 Conclusion: In conclusion, the analysis suggests a compelling trading opportunity based on the formation of a Crab Harmonic Pattern and key technical levels. However, it is essential to exercise prudent risk management and closely monitor price action for timely adjustments to the trade plan. This technical analysis report serves as a guide for informed decision-making in the dynamic forex market environment. Disclaimer: Trading forex involves inherent risks, and past performance is not indicative of future results. Traders should conduct their own research and seek professional advice before executing any trades.
Short
by trading_jupiter
Eurusd EUR/USD continues to lose ground for the sixth successive session, trading near 1.0610 during the Asian hours on Tuesday. The elevated US Dollar is exerting pressure on the pair, potentially influenced by the higher US Treasury yields. On the upside, EUR/USD is projected to find early resistance at the key 200-day SMA of 1.0827, ahead of the April top of 1.0885 (April 9), followed by the March peak of 1.0981 (March 8) and the weekly high of 1.0998 (January 11), all preceding the psychological barrier of 1.1000. Further advances from here could challenge the December 2023 top of 1.1139 (December 28). The breakdown of the 2024 low of 1.0621 (April 15) could put a probable visit to the November 2023 low of 1.0516 (November 1) back on the radar prior to the weekly low of 1.0495 (October 13, 2023), the 2023 bottom of 1.0448 (October 3), and the round milestone of 1.0400. EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. Confirm Chart
Short
by JohnHarry_7
Eurusd long Target EUR/USD stays under heavy bearish pressure and trades at its lowest level since November below 1.0650. Divergent ECB-Fed policy outlooks and the risk-averse market atmosphere keep the US Dollar strongly bid and weigh on the pair. 1.0700 (static level, former 2024-low support) aligns as first resistance for EUR/USD. In case the pair stabilizes above that level, 1.0730 (static level) and 1.0770 (static level) could be seen as next hurdles. On the downside, 1.0660 (static level from On the downside, 1.0660 (static level from November) could be seen as next support before 1.0600 (psychological level) and 1.0550 (static level from October). EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
Long
by JohnHarry_7
FX Wars Episode 4 - A new hope (for the EUR)?First things first: 📊🔮My crystal ball tells me the US PCE inflation data today will be weaker on a monthly basis than the consensus expects it. -> This will lead to a (temporary) weakness in the USD ✅️ ...And thus a new hope for the EURO?... Once upon a time in a FX galaxy far, far away... The EUR has been rising against the USD for around 2 weeks and new hope is already emerging. Will the euro rebellion break out of the upper edge of the annual range at 1,127 or will the US(D) empire nip any naive hope in the bud? This is astonishing in view of the fact that the EUR has only suffered losses against virtually all other major pairs, such as the CAD, AUD or NZD, for weeks. See below for my related (and profitable) trade ideas: I will explain in detail in the comments why the naive breakout fantasies of the EURO rebellion will also fail against the US(D) empire.
Short
by PrimeTrading
22
Eurusd sell confirm signal EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. Confirm Chart sell Eurusd sell signal
Short
by JohnHarry_7
EUR/USD Bearish outlook and potential sells from 1.08200My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling to sustain this trend, as my bias for this pair remains bearish. While there's a similarity between EU and GU, EU is already within the demand zone, where I expect a bullish response, unlike GU. Therefore, I anticipate GU to rise before a drop, similar to this pair. It's worth noting that immediate buys might not be ideal, especially considering Monday's bank holiday for EUR. Confluences for EU Sells are as follows: - Price broke structure again on the higher time frames. - Overall market trend is bearish so this aligns with the overall bias. - Two new supply zones emerged near current price in which we can expect a bearish reaction to take place. - Lots of liquidity still left to the downside that needs to be taken in the form of asian lows. - Price might currently undergo a retracement back to an area of supply as its in a demand right now. P.S. It wouldn't be unexpected if the price continues its ascent and reaches the 4-hour demand zone adjacent to the imbalance, a significant area I'm closely monitoring. However, I am anticipating a bearish descent from the recently established supply levels. Have a great trading week guys!
Short
by Hassan_fx
3
eurusd sell EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD closed in the red for a third consecutive week, ending March just above 1.0767, the monthly low. The US Dollar started the week with a soft tone but started grinding higher on Tuesday, finally gathering momentum late on Thursday amid hawkish comments from Federal Reserve officials. The EUR/USD pair is currently developing below the 61.8% Fibonacci retracement of the 1.0694/1.0981 rally at 1.0803, which skews the risk to the downside. The daily chart for EUR/USD shows the pair remains below all its moving averages, with a flat 200 Simple Moving Average (SMA) converging with the next Fibonacci resistance level at 1.0835. Finally, technical indicators extended their slides within negative levels, maintaining their downward slopes and anticipating lower lows ahead. confirm signal eurusd sell
Short
by Mark804
1
Eurusd sell EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD preserves its recovery momentum and rises toward 1.0850 on Monday. In the absence of high-tier data releases, the US Dollar struggles to build on the previous week's gains and helps the pair edge higher as investors assess comments from central bankers.
Short
by JohnHarry_7
eurusd sellEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. confirm chart
Short
by Mark804
EUR/USD Shorts from 1.09000 back downMy bias aligns closely with GU this week, focusing on selling from a comparable supply level evident on both charts. On EU, this manifests as the 4hr level around 1.09000, where I intend to sell. I'll await the current price to pull back into these zones to address the imbalance and form a redistribution pattern. Similarly to GU, there's a minor 4hr supply below that I anticipate will fail due to the presence of the Asian high above it. Once this fails and reaches the major supply, I'll be more inclined to sell from there as it offers a premium price. Confluences for EU Sells are as follows: - Price broke structure the downside and left a clean 4hr supply zone. - Imbalances that needs to b filled before tapping into the supply. - Lots of liquidity below in the form of asian lows. - Price is overall bearish on the higher time frame. - I can see the dollar to rising more to the upside. P.S. I observe the current price reacting to the existing demand. If this reaction fails, price might respond bullishly to the demand just below, potentially initiating an upward move towards the supply levels above. Have a great trading week guys!
Short
by Hassan_fx
2
Eurusd sell confirm signal EUR/USD retreats to the 1.0860 area during the early Asian trading hours on Friday. The downtick of the major pair is backed by the firmer US Dollar and higher US Treasury bond yields. Traders await the German IFO Business Climate on Friday ahead of the Fed's Chair Powell. On the upside, EUR/USD is expected to face initial resistance at the March high of 1.0981 (March 8), then the weekly top of 1.0998 (January 11) and the psychological barrier of 1.1000. Further increases from here might lead to a December 2023 peak of 1.1139 (December 28). Confirm eurusd sell signal
Short
by JohnHarry_7