Eurusdtechnicalanalysis
EURUSD BUYHello guys it’s been a been a while, I’m currently back on dropping analysis, so we are looking on buying eurusd on 148 pips moves, though EURUSD is actually a long Buy moves of about 200 pips plus but we are looking to take profits on 148 pips. So let’s patiently wait for a proper confirmation and for price to tap into our buy zone then wait for candle stick patterns or candle stick rejection on that buy level before taking our buy entries. Please save EURUSD on your watchlist for you can get notify when trading confirmation takes place. Drop a Comment on what you think about this analysis.
EURUSD: Trading like this today can be profitable
Yesterday's trading saw all three take-profit points hit, and the current market is now at a crucial support level. After yesterday's sharp decline, the market needs some time to consolidate before resuming the game.
For today's trading, we will first go long at the lower levels and then formulate a new strategy based on the situation after rebounding to the resistance level.
I have marked the trading points on the chart, and I appreciate everyone's attention and support.
Wish you a pleasant day!
EURUSD - It's at a very important area!EURUSD - It's at a very important area!
EUR - We are currently at a very important support area of the range.
What's happening to the market fundamentally?
Yesterday we had a very Hawkish Powell, as I mentioned in my previous post we had the indication of 25 basis point but I did mention we could perhaps change to 50 well.. embedded that in and we had a hawkish upward revision upward revision to the 2024 Dot Plots and Fed Swaps Now Favours 50bp Hike In March Repricing Higher From 25bp as mentioned by Powell is not out of picture and being priced in. Now that's a very important information... We had 2 yrs escalate to 5%. The 2% target of inflation will be achievable and it is a global target. Even though we have a hawkish ECB, pricing in further hike. The dollar is having much more of a major movement overall.
We had Gold hit 1800 areas again re-test of the lows, yields head higher, Yen 137 area and euro at the most important EUR 1.05 areas a break of this level, 1.04 can easily be achieved. However, if we break above the highs, I expect us to go towards 1.09 areas... Currently, we are within the ranges of highs: 1.07480 & lows: 1.04900.
Don't forget we have a busy docket today: ADP, Fed Chair Powell Testifies, JOLTs...and end of this week NFP!
Have a great day ahead,
Trade Journal
Key tip: Don't forget Risk Management!
EURUSD: Trading like this today can be profitable
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Hello everyone, the EURUSD is currently showing a bearish trend on the 1-hour, 2-hour, and 3-hour charts. Therefore, today's trading will focus on short positions. We will wait for a test of support and observe its effectiveness. If the support holds, we will consider opening long positions.
Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a comment, and I will help you develop the most reliable solution with a serious and responsible attitude to assist you in solving your problem.
Wishing you a pleasant day!
EURUSD Technical Analysis and Trade IdeaIn this video, we take a look the EURUSD and observe that it has currently traded up to a significant resistance level. Below that, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially target for bigger players. During the video, we delve into trend analysis, price action, market structure, price gaps, and touch on a potential trade opportunity. Please note that everything discussed in the video is purely for educational purposes and should not be construed as financial advice.
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: Go long!
Break below support and approaching previous lows, there is a significant demand for rebound after a sharp pullback. If there is sufficient margin, I believe now is a good time to go long.
If you have any other trading-related questions, feel free to let me know in the comments and I will help you answer them.
Welcome to all the partners from around the world to follow me!
EUR/USD: Sell on Highs
Yesterday, X made it clear that the impact of news is only short-term, and once the energy is depleted, it will return to its original pace. So far, this view is correct. The current market trajectory has begun to gradually recover, which will also help predict future trends.
Since the market has gradually started to recover and entered the original operating rhythm, the trend of the US dollar index will also be relatively easier, after all, the overall direction is still bullish, while EUR/USD is bearish.
In summary, it is recommended to sell on highs for EUR/USD today, combined with the market conditions and the following suggestions:
Short at the range of 1.0660-1.0670, with a stop loss of 20 and targets at 1.0640, 1.0620, and 1.0600.
FX:EURUSD
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 ForecsatEURUSD Forecast
The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position.
We are forecasting this option as the most provable at this point because wave (A) seems like a clear motive wave for us. We clearly see 5 waves forming (A). That means that, as wave 4 in green (primary degree) has to have a corrective structure, there is still another wave up missing.
What to do?
We currently can not look to enter the market. We should be patient and wait for the price to break the 1.1033 level before looking for short-term buying opportunities.
Alternative scenario
We forecast that wave 4 in the primary degree (green) is not over yet. However, until the price does not break the 1.1033 level, we cannot discard the scenario where wave 4 is already over. If this is the case, the price will resume the downtrend directly, making lower lows.
Unfortunately, today we cannot give you a trade idea for the EURUSD, but we hope you understand what the asset situation of the EURUSD is.
As always, we will keep you updated
Please remember to do not to risk more than 2% of your account on each trading idea
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
Press like button if you enjoy.
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EURUSD EURUSD
It is so clean! These are my favourite kind of set ups, it has been a choppy week but you wait till next week V day! We in for big treat CPI For US! Now Jobs have been great all is well in US it seems, lets see if this continues!
Technically if we go below 50 EMA expect 200 EMA as your TP - I am short it's a positive swap as well - that's another great thing about holding euro short.
Highs: 1.08180
Lows: 1.06680
Break of lows: 1.05470 target areas
Break of highs: 1.09190 target areas
It's really as simple as that, there's two ways you can play this put a small % position in and let it run, add alerts in and orders! Whatever suits your trading plan.
Have a great weekend
Trade Journal - There will be a FX week ahead video coming out this week!! Stay tuned.
eurusd Technical analysis of EURUSD monthly time: 25.2.2023
We can see that after reacting to the 50 fibo range, we had a resistance zone in B pattern crossing it, now we are exactly on a resistance zone in the range of 1.05420, which in case of failure can be two targets in the ranges of 1.03799 and 1. 01716 based on pivot points. There is no need to touch both.
In general, the goal of the harmonic pattern can be reconsidered, but we must not forget that the resistance of the X range of the pattern is within the range of the two specified targets and can prevent further reduction.
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.