EURUSD SELL | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Eurusdshort
An idea for EUR/USDIt seems that the break of the long-term trend line of the euro was done the other day after the election of Trump as the president of the United States. In this range up to 1.06, we can expect to continue the fall. A position with R:R equal to slightly more than 1. It is not very attractive to enter, but you can think about it!
EUR/USD Short Setup at Key Resistance LevelMy Short Idea Based on Downtrend Continuation
Short Entry: 1.0850
Stop Loss: 1.0900
Take Profit: 1.0800
The pair is in a downtrend, forming lower highs (LH) & lower lows (LL) and this retracement to 1.0850 resistance provides a solid short opportunity,
The RSI is nearing overbought levels adding confirmation to the bearish setup, The stop loss is safely above resistance to avoid false breakouts and take profit is at 1.0800, where strong support lies.
Good Luck!
MY EURUSD SHORT IDEA 01/11/2024Direction: Short
SL: 1.0849
Checklist:
- MA 20 going downward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
Euro and its movement towards depthAccording to the economic data that was published recently and in the last two weeks, it seems that the euro will continue its downward movement. The two yellow and red paths are the possible paths of the euro towards the goals written in the chart. Capital management should always be your top priority.
EUR/USD Finally Finds Some Support, But Can it Build a Bounce?EUR/USD Talking Points
The strength from Q3 has been mostly erased so far in Q4, with a fast sell-off developing in EUR/USD.
In late-September the pair continued to grind away at the 1.1200 handle but not even a month later the pair has dropped by more than four big figures.
Support showed up at the 1.0761 level looked at on Tuesday. The big question now is whether that can lead to some profit taking from sellers, which could build a bounce and that can remain of interest for bears looking for lower-highs.
EUR/USD has now traded lower for 15 of the past 20 days. An amazing trend by any stretch but perhaps even more so when compared to the strength that showed in the pair during the first two months of Q3. While that prior bullish trend put in a month of grind at the 1.1200 level, eventually failing, the bear move that’s come in response has been fast and heavy. There’s been only a minimum of pullback so far and any excuse for sellers to continue pushing has so far contributed to continuation.
Last Friday brought a bit of bounce. That went along with a pullback in the USD from the 200-day moving average. But support soon showed at a key zone in DXY and bulls were off to the races (and bears in EUR/USD) after this week’s open.
In EUR/USD, that resistance earlier in the week played-in right off the underside of the 200-day moving average.
At this point the challenge is chasing an oversold trend as RSI on the daily remains in oversold territory on EUR/USD. There has been a bounce showing thus far at Tuesday's level looked around 1.0761. That price is the 38.2% Fibonacci retracement of last year’s sell-off, and its confluent with a trendline originating from last year’s low.
EUR/USD Longer-Term
Just as I was saying in September when strength was all the range, EUR/USD remains in a range that’s been in-play since last year’s open. There have certainly been some clean shorter-term trends in the confines of that ranging backdrop, and we’ve made a fast move towards the support side of that range but if we do see sellers continuing to push, those values could soon come into play.
The current 2024 low plots around the 1.0611 Fibonacci level, which is the 38.2% retracement of the 2021-2022 major move. On the below weekly chart, I’ve linked that level to the shorter-term Fibonacci level at 1.0643 to create the next support zone, down.
Below that, it’s the 1.0500 level that put up considerable fight for about a month before leading to a turn a year ago.
--- written by James Stanley, Senior Strategist
EURUSD Multi Timeframe Analysis 16.10.202415m Swing Bearish Internal and Fractal Bullish
Price recently swept Asia High so we might see bearish momentum to continue
If you would like to look for longs after sweeping old daily low ( 1.08814 ) and follow 15m internal bullish order flow, demand marked on the chart. But waiting for a 15m candle closure above 15m Swing Strong to make sure that the swing structure switched to Bullish is ideal.
We have now 4H bullish ChoCH after sweeping the low, indicates that 4H pullback might be started.
EURUSD double top and neckline breach.Price breach on the neckline. Waiting for the retracement to happen for entry. RSI shows we're almost oversold. Once it does price will retrace and we can enter. Set stop-loss at the neckline. Entry when price retrace. 3 target price. Adjust stop-loss base on target.
Sell EUR/USD Strong DollarThe EUR/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0937, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0885
2nd Support – 1.0860
Stop-Loss: To manage risk, place a stop-loss order above 1.0960. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURUSD Multi Timeframe Analysis 14.10.202415m Swing and Internal Bearish aligned with 4H
We have mitigated the Daily Demand but a deeper mitigation is still possible
Two unmitigated supply zones to look for confirmation shorts are market on the chart
We are ranging in the CPI 15m candle from Friday, so both sides might get swept
Shorts still more probable until we get at least a bullish 4H reaction to say that Daily demand holds and we target upper levels
Eurusd H1 EUR/USD failed to extend gains and is back under selling pressure in the American session. United States inflation and employment-related figures kept the Fed on the 25 bps rate cut path.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 30, suggesting that the pair is about to turn technically oversold. On the upside, immediate resistance is located at 1.0950 (static level, Fibonacci 61.8% retracement of the latest uptrend). In case EUR/USD stabilizes above this level and confirms it as support, it could edge higher toward 1.1000 (Fibonacci 50% retracement) and 1.1050 (Fibonacci 38.2% retracement).
Confirm
EURUSD: Dollar holds steady as Fed minutes emergeThe US dollar remained steady today, providing some respite for the yen and other major currencies after rising to a seven-week high last week. Market participants are taking a moment to assess the future trajectory of US interest rates.
Investors are awaiting the release of the minutes from the Fed’s September meeting today, which will reveal the discussions that led to a 50 basis point rate cut, agreed by all but one policymaker amid a seemingly worsening labour market.
Sell EURUSD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0986, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0935
2nd Support – 1.0909
Stop-Loss: To manage risk, place a stop-loss order above 1.1005. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.