Eurusdsignal
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the specified key level and if it cannot break this level and this level plays the role of a support level, we expect the price to grow up to around 1.08400. Good luck.
The Downtrend is still very clear for EURUSD, as the Bears complEURUSD: The euro remains bearish today. Especially after the pair fell below the 1.0800 support level. The expected scenario for today's trading is for the EURUSD to continue to fall, this time as the market expects non-farm ADP to increase. Consider selling your Eurodollars today
EURUSD and GBPUSD Top-down analysis Hello 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 → Initial support emerges at 1.0820FX:EURUSD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday.
A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681.
So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
EURUSD: 04/12/2023: Sell scenarioWell as you can see, the price broke the major low, so we are bearish now and looking for a sell setup.
In this case, we can define the supply zone (the bearish order block).
If the price reaches this zone we can execute the sell position with LTF confirmation.
Please pay attention it's not investment advice.
Do your own research.
💡Wait for the update!
🗓04/12/2023
🔎 DYOR
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EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900.
If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar.
💡 Trade Idea 💡
Short Entry: 1.09600
🟥 Stop Loss: 1.11450
✅ Take Profit: 1.05900
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Rejection at the Resistance Zone, Reasonable to Short.
3. If Shorting, Watch EMAs for Support.
4. Look for a pullback to resistance before the price falls.
5. RSI at 57.00 below Moving Average, Bias to Short.
⚠️ 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!
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level. If the price cannot break this level and stabilize above this level, we expect the upward trend to be maintained and the price to grow to around 1.10500. Good luck.
EURUSD longWe have a long opportunity looking for the target at 1.09260, as long as the price does not break the 1.08800 level.
With the expected news for today and the volatility that they may generate, a break of the 1.08800 level would give us the signal to enter the market with a short position, looking for the 1.08500 target level.
EURUSD possible buy zone!Recently, there was an anticipation of a pullback or correction in the EURUSD currency pair. This correction was expected if the current peak reached the level of 1.10000. However, the US dollar strengthened without a deceptive upward movement, compelling its major rivals to retreat. Despite this, an overshoot is anticipated, likely leading to the subsequent (deeper) downward correction.
Towards the end of this week, on Friday, significant economic data is set to be published. Special focus is on data from the United States, and, of course, the attention-grabbing speech by the head of the Federal Reserve.
EURUSD → Immediately to the upside comes 1.1000FX:EURUSD advances further and reaches new monthly highs in the 1.0980/85 band on Tuesday.
The continuation of the upward bias could see the pair challenging the psychological threshold of 1.1000. Beyond this level comes the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, today at 1.0812, the pair’s outlook should remain constructive.
EURUSD → Next on the upside comes 1.1000FX:EURUSD climbs for the third session in a row and revisits the 1.0960 zone, or monthly highs, on Monday.
The continuation of the upward bias could see the psychological threshold of 1.1000 revisited ahead of the August top of 1.1064 (August 10).
So far, while above the significant 200-day SMA, today at 1.0810, the pair’s outlook should remain constructive.
Gains momentum above 1.0950 amid overbought conditionThe FX:EURUSD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. The weaker US dollar and lower US Treasury bond yields lend some support to EUR/USD. Investors will take more cues from the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which could potentially provide insights into the trajectory of future policy rates.
According to the four-hour chart, the bullish potential of EUR/USD remains intact as the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA). It’s worth noting that the Relative Strength Index (RSI) holds in bullish territory above 50. However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation.
That being said, the immediate resistance level for EUR/USD is seen near the upper boundary of the Bollinger Band at 1.0978. The critical upside barrier is located near a psychological round figure and a high of August 11 at 1.1000. Any follow-through buying will see a rally to a high of August 4 at 1.1042, en route to a high of July 27 at 1.1149.
On the downside, the 1.0895–1.0900 region acts as an initial support level for the major pair. The mentioned level is the confluence of the psychological mark and a high of November 16. Further south, the next contention level will emerge near the lower limit of the Bollinger Band at 1.0817. A break below the latter will see a drop to the 50-hour EMA at 1.0759, followed by a high of November 9 at 1.0725.
EURUSD ANALYSIS UPDATE 21/NOV/2023Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This means there's a very high chance that the price will retest that level as resistance and continue downwards.
Above 1.0945 comes 1.1000FX:EURUSD adds to the ongoing optimism and reaches a new three-month peak around 1.0940 at the beginning of the week.
The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.
So far, while above the significant 200-day SMA, today at 1.0805, the pair’s outlook should remain constructive.
The surpass of 1.0900 should expose 1.0945FX:EURUSD adds to Thursday’s small gains and flirts with the key 1.0880 region at the end of the week.
The continuation of the upward bias could challenge the immediate up-barrier at 1.0900 ahead of the weekly high of 1.0945 (August 30). Once the latter is cleared, spot could challenge the psychological threshold of 1.1000.
So far, while above the significant 200-day SMA, today at 1.0804, the pair’s outlook should remain constructive.