Sell EURUSD Triangle BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.
Sell Entry: Consider entering a short position around the current price of 1.0842, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels: 1.0815 and 1.0795.
These targets act as potential support zones that could see selling pressure.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.0870. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you.
Eurusdshort
EUR/USD - Sell Zone !Hey there!
I'm selling on EUR/USD:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
The CPI figures aren't so good for the € compared to the $, which is in great shape!
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EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
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EUR/USD - Interesting sell zone! (Swing)ello everyone!
- Here's my view on EUR/USD:
- We have liquidity. (Recovery and Accumulation!)
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we have a very strong USD.
Particularly thanks to the very positive NFP for the US, among other factors!
10Y T-Notes have risen by 3%, so far everything is going well for the USD, so it's advisable to favor sales on pairs with XXX/USD.
That's why I see EUR/USD rebounding in the zone and dropping!
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Major Events in Euro Area and US on Friday Major Events in Euro Area and US on Friday
Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar.
Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after a rush of local economic data from the Euro Area. The European Central Bank (ECB) is grappling with the challenge of bringing core inflation down from 3% to 2%.
While the market previously anticipated rate cuts to begin in April, the ECB, emphasizing data reliance, has prompted market adjustments, pushing the expected first rate cut to June.
In the US, the focus this week is on the PCE data. The day before, we do get Q4 GDP second estimate. But unless it is adjusted significantly, this will likely not have an impact.
Anticipating comparable rate cut trajectories in both economies, the dollar could potentially make up recent losses against the euro, particularly if January's PCE data exceeds estimates, thanks to its superior interest rate differential.
Thursday witnessed a surge that touched the 50-day simple moving average (SMA) before a subsequent retreat. Looking at the short term, technical indicators on the 4-hour chart hint at a potential upward bias. EUR/USD is presently trading above all its moving averages, and the 20 SMA appears poised to surpass the mildly bearish 200 SMA.
SHORT EUR/USD 1.0794In the last hour we've seen EUR/USD break the neckline of a standard M-Top candle formation.
M-Tops and W-Bottoms are highlu reliable structures and although they can be used in isolation its always better to see if they form at areas or lines of resistance or support.
In this case we have RSI decling as well as MACD and yesterday pricehit WR1 pivot elevel which frequently will have SELLERS jumping into the market.
I'm a big believer in Pivot levels as these can be marked on your charts at the start of the week so you are forewarned that the price MAY do something if WR1 and WS1 are hit.
Pivot Point SuperTrend which I use has confimed this SHORT bias and the Andean Oscillator red SELL line is rising.
All in all this looka s olid SELL signal although the key 100 and 200 EMA moving averages are below the price but far enough away to get a healthy plus STOP should price make it down there.
STOP for this trade is 1.0819 which is the recent high and target is open but provisionally 1.0774 which is the 200 EMA.
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line.
Sell Entry: Consider entering a short position around the current price of 1.0770, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel 1.0790 and 1.0727. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 1.0790. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
EUR/USD Short positionThink we are going down to the next daily support in a couple days.
Trend is down on multiple timeframes.
Price has pulledback to resistance zone.
Price has consolidated in resistance zone for a few days.
Might consolidate for a few more days, but I'm getting in here as price is showing signs of weakness which could indicate that supply is increasing and the next move is coming soon.
Take care.
EUR/USD SHORT ANALYSISThe previous trading week saw lows (Post Asian Session) left untapped (Liquidity), price matrix will tend to gravitate to old lows of old trading sessions during the new week. The NWOG (New Week Opening Gap) is another critical factor in this whole set-up, we might see a run on these low going into the new trading week
Bearish Continuation on EURUSD Towards 1.0700EURUSD has recently encountered resistance at two critical supply levels – the previous monthly low and the low from two weeks prior.
This rejection suggests a bearish sentiment, setting the stage for a potential bearish continuation. Our analysis, based on our framework, indicates selling opportunities in the EURUSD pair.
Technical Analysis:
The rejection at key levels and the subsequent failure to breach resistance points toward a potential bearish movement in EURUSD. The recent price action aligns with our 1-2-3 price action framework, signaling a selling opportunity.
Discounted DXY Levels:
The US Dollar Index (DXY) has experienced a pullback to a key level, providing a favorable discount area to plan the EURUSD trade. This alignment with DXY's movement enhances the bearish case for EURUSD.
DXY Target and EURUSD Projection:
Our previous DXY update highlighted a bullish stance, reaching a 1:1 target before pulling back to a key level. If DXY holds these levels, we anticipate a continuation towards its target. This scenario could drive EURUSD lower, aiming for the 1.07300-1.0700 range.
Trade Plan:
Monitoring the market dynamics, we are prepared to initiate a bearish continuation trade on EURUSD if the conditions align. As always, our approach remains adaptable, and we will let the market guide our decision-making process.
EURUSD to continue in the downward move?EURUSD - 24h expiry
The medium term bias remains bearish.
Buying pressure from 1.0695 resulted in all the initial daily selloffs being recaptured.
Buying posted in Asia.
There is scope for mild buying at the open but gains should be limited.
Expect trading to remain mixed and volatile.
We look to Sell at 1.0755 (stop at 1.0780)
Our profit targets will be 1.0780 and 1.0765
Resistance: 1.0755 / 1.0764 / 1.0795
Support: 1.0700 / 1.0695 / 1.0650
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EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.06950 for a profit of 20 pips.
After testing the resistance at the 1.07254 level during the american session yesterday, I am looking for the price to fall towards the 1.06950 level where today's support is located.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.07420 for a profit of 15 pips.
With the data better than expected from the news of new unemployment benefit claims, I expect the price to drop to the level of 1.07420
Guys, what do you think? Leave a comment with your thoughts.
SELL TRADE SETUP ON EURUSDHey Traders,
Check this analysis out on EURUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a nice short trade.
Keep a close tab on this one.
EURUSD 4H : Try to drop EURUSD
New forecast
Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744.
Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains.
The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744.
Additionally ,Today News will affect on the market .
resistance line : 1.0892 , 1.0928
support line : 1.0808 , 1.0744
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Sell EURUSD H4 Channel BreakoutEUR/USD Poised for Potential Downtrend as Bullish Channel Breaches Lower Boundary.
The EUR/USD pair might be heading south, exhibiting a bearish signal on its H4 chart. A recent breakdown through the lower border of a bullish channel pattern suggests waning upward momentum and a potential shift in trend.
Key Points:
Bullish Channel Breakout: The price had been confined within an ascending channel, characterized by rising support and resistance lines. However, a recent break below the lower support at 1.0900 indicates a potential shift in momentum towards the downside.
Sell Entry: Consider entering a short position around the current price near 1.0900, offering an entry point close to the breakout level.
Target Levels: Initial bearish targets lie at the support levels of 1.0700 and 1.0585, marking the previous bottoms within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken channel at 1.0950
EUR/USD News and Events to Watch Next Week (January 29 - February 2):
Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): This is the biggest event of the week. A hawkish Fed stance with another large rate hike (75bps or more) and strong economic projections could significantly strengthen the USD against the EUR. Conversely, dovish hints or smaller rate increases could favor the EUR.
US Non-Farm Payrolls (Feb 2): Strong jobs growth could indicate a resilient US economy and support the USD. Conversely, weaker data could dampen hawkish sentiment and benefit the EUR.
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Sellers are Ready for EURUSDPure technical analysis.
EURUSD appears to have completed the 4th leg of Elliott Waves and is approaching previous support at 1.07464. There is still 1 leg of the Elliott Wave left to be fulfilled (leg E) which is predicted to be a pullback to the 0.618 Fibonacci zone, where there is equal high liquidity to be taken and then EURUSD will start a new wave (12345).
For entry, wait for a pullback to the 1.01000 - 1.10485 zone and wait for signs of reversal (engulfing candles or double/triple top in the smaller time frame). Ride the bearish waves to the strong support zone at 1.06110, an area that was previously also a flip zone. Stop loss at level 1.11135 or slightly higher to avoid fakeout (stop loss hunting/purge).
Cancel the setup if the price rises to 1.11135 with high volume.
EURUSD plan for 01/02/2024It looks like the H4 demand zone that has been propping up the weekly chart may fail, today giving us the opportunity of some strong sells for the quarter. I have marked the zones I will be looking for shorts from with confirmation entries.
High impact data releases during NY