EURUSD SELL EURUSD so basically we would be more focused on the Sell Movement which is over 300 pips plus have been studying EU for the pasted 3weeks now and it is safe to say I finally got my Proper Confirmation on EURUSD, based on my Top down analysis EURUSD on the Monthly time frame rejected the Monthly and Weekly resistance zone / area then Leaving us with a good Choice on Making proper use of our fib, so how ever breaking it down to the Daily and H4 we noticed EU broke a Massive Buy Trend line then rejected the Weekly resistance lvl on the D1 and H4, so with that being said we would be waiting on price to test our sell zone before taking EU trade.
I might likely drop a Buy Analysis too buying to our sell Level.
Thanks guys drop a Comment and let me know what you think your comments are very important guys.
Eurusdtechnicalanalysis
EURUSDIn the 1-hour period, we are witnessing a reaction below the trend line and on the support range of 1.06799, after which the range of 1.07614 is also a support.
It is expected that the range of 1.07614 will be touched again and the target of 1.07812 based on pivot points is not far away after the failure of 1.07614.
For the target of 1.08246, more risk should be accepted.
Determining a correction in the form of an ascent or a change in slope can determine the clarity of the situation ahead
EURUSD: Forex Pair 4H TF Market OutlookThe EURUSD shows bearish trend on 4H timeframe, with anticipation of price hitting support at 1.07208/1.06700, potentially leading to reversal and head/shoulder formation at 1.09055. Possibility of minor support hit at 1.07208/1.06701. Market volatility may be affected by Powell's speech and EU Economic Forecasts, hoping for a positive outlook.
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#EURUSDIn a floor above the range of 137.512 A: We are building a floor in the form of a triangle pattern in the range of 139.543 to 142.344.
Now we are exactly on a static resistance area of 142.438. It is expected that by breaking it, we will experience a growth of up to 50% of the triangle pattern up to 143.859 area, which will be exactly on the static resistance area of X.
If the X area is broken, we can expect growth up to the next resistance in the area of 144.772 and after that we have the completion of the expected harmonic pattern in the area of 145.716.
At each step of the steps, you can decide on the continuation of the process and the amount of correction. But in general, the goal is to complete the pattern in the area of 145.716.
How EURUSD respondsBeen evolving nicely with this pair the previous week and now the market is looking to break the 1h demand zone to the daily breaker block which is also the 4h order block to simultaneously complete the three drives with the final expected third touch. Should the market respond as per this setup, then the bulls shall push strong on this one...
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So keep an eye on FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0418 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.1000 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.
EURUSD Forecast: 2-3 Month Consolidation Coming UpHey trade, I hope you're having a profitable week ;)
As you can see the price has been in a downtrend from June 2021. It formed an H&S pattern that was followed by a 3-level drop. The last level will be confirmed by either this months or the following months bullish reversal candle pattern close around where the price is at. That reversal candle will start a bullish reversal pattern. It could be a double bottom, half a bat pattern, or a head and shoulder pattern. Usually when one of those patterns form at a support level, a bullish uptrend occurs. Therefore, we can expect the price to rally to the 5th Monthly Key Lvl and 8 MA. But that might not happen; the price might drop further down if it forms a bearish reversal pattern after the bullish reversal pattern. That bearish pattern must bounce off the 8 MA though. To confirm the the short-term MA's trend-continuation. So for now we could sit back wait to take a position trade or take day and short-term swing trades on the lower timeframes.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts!
Stay Blessed Baby,
Sphatrades.
Second Entry for EU LongsEntry was on the 3 min for a smaller SL. Got in on a decent trade yesterday Closed 80% when we got close to yesterdays Asia highs because it was getting late and price was moving too slow. The reason I closed is because I didn't catch the absolute lowest point so the is a chance that my first trade could get taken out before price gives a choch to the up side to continue going higher. You can place your TP at the target or target the 4H high but now that I have seen that we have interest rate tomorrow for the FED I would recommend taking the majority of Profits once the 15 min high is taken out
EU Target reached. Lets see what's nextTook a couple days but market has reached our target. I will be expecting longs intraday for the pullback. We have multiple areas where we could react from to continue going down but at the same time those zones could be used as liquidity to facilitate a higher timeframe pullback. I will update my analysis as price gives me more information.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- Currently the MARKET SENTIMENT for EUR is on the DOWN SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK OFF. It affects the Euro in a big way. Because today is Monday, there is a DOLLAR WEAKNESS with a somewhat RISK ON nature.
- Definitely, EURUSD can fall to the SUPPORT LEVEL below. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, EURUSD can go down to 0.9858 LEVEL. And after that EURUSD can be BUY to the 1.0661 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY - DXY is currently at 105,286 LEVEL. Also the EUR FEATURE stays at 1.0451 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently displaying a DOWNSIDE BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP.
- The EURUSD PRICE can be slightly up to 1.0652 LEVEL. Maybe a change from the USD HIGH VOLATILE EVENTS coming up in the coming days. So stay tuned. If the MARKET moves to the DOWN SIDE the EURUSD 1.0279 LEVEL can be DOWN.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY - DXY is currently at 101.632 LEVEL. Also the EUR FEATURE stays at 1.07521 LEVEL. The EURUSD PRICE is currently higher than the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP.
- The EURUSD PRICE may be slightly up to 1.0921 LEVEL. Maybe a change from the USD HIGH VOLATILE EVENTS coming up in the coming days. So stay tuned.
EURUSD - FOMC CPI DATA WITH CURRENT SENTIMEN ANALYSE , DXY ⛔️ Today is a fairly important day for the EURUSD. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE. But even if USD CPI is NEGATIVE, its impact will largely be on the EURO itself.
⛔️ DXY is currently at 103.717 LEVEL. Also the EUR FEATURE stays at 1.0557 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE will SELL a SHORT TERM a little more.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS IS GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
⛔️ The EURUSD PRICE can be slightly down to 1.0314 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned. USD INFLATION DATA or CPI DATA to be released today at NEWYORK SESSION
EURUSD- Today is a fairly important day for the EURUSD. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the EURO has been hit hard by the USD. This is because some of the UPDATES coming from the EURO ZONE are quite NEGATIVE.
- DXY is currently at 102.947 LEVEL. Also the EUR FEATURE stays at 1.0595 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little further to 1.0349 LEVEL.
- Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
- EURUSD PRICE can be slightly down to 1.03499 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned.
EURUSD 21.4 - Powerful long position with a chance of clouds ;)Note that we have a few market moving events today :
- Jobless claims
- ECB & FED chairs speaking (Powell, Lagarde)
It's important to emphasize, such events have a tendency to be volatility triggers, it's much less important what is said and done - Majority of impact is volume and technicals.
Volume because everyone is trading and there's big swings and technicals because the swings, unless there's something truly drastic are moving the price action within the 4h up to weekly technical trend.
So with the introduction out of the way let's BE PRACTICAL!
1) A tunnel consolidation is broken up above what was 1.0850 resistance, a retest of this breakout is technically possible at around 1.0830.
2) A break above 1.0942 would allow for very possible continuation to 1.1020 resistance.
3) A break above 1.1021 with a daily close would be a break above the trend-line stretching from 1.150, highest point of the year.
Which could technically mean 1.1150 , 1.1250 and higher.
A solid trading plan would be to consider that the USD is very far up.
Using simple logic, of 'buy low sell high' , today's events may be very bad for USD.
The DXY (dollar index) is actually showing a solid bearish 'falling wedge' pattern.
So using careful risk management and patience during the day, buying the retest of 1.0830 and even 1.0720 which would be possible if breaks (very low chance), could be great long positions.
If you want to be bolder with a bigger chance of catching a big swing up with a probable crash of USD , you can consider a 200 pip downside compared to a 600 pip upside as short-mid term.
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EURUSD WILL GO UP ? ECB COMMENT WILL HAWKISH ?- Today is a very important day for EURUSD. GERMAN FLASH MANUFACTURING PMI DATA, one of the most important events for EUR, is set to be released tomorrow. And today there is a very important FED CHAIRMAN story for USD. It will definitely VOLATILE EURUSD HUGE.
- DXY is currently at 99.89 LEVEL. Also the EUR FEATURE stays at 1.0957 LEVEL. The EURUSD PRICE BREAK DYNAMIC S / R LEVELS and pulls up with the POSITIVE COMMENT from ECB. Most likely the PRICE will be SHORT TERM UP up to 1.1070 LEVEL.
- Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a slightly MIXED RISK TONE. So I'm a bit reluctant to be a HIGH BEATA CURRENCIES BUY. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
- The EURUSD PRICE can be UP to 1.1070 LEVEL. Today's USD HIGH VOLATILE EVENTS may make a difference. So stay tuned.
Be ready to Short EUR/USD the EURO will Continue to drop against the USD these 2 days and according to the overall trend is bearish plus also the news will not be good for the Euro as well so news will not affect the price action, so make sure to place a trade if the price corrects and retrace a little bit to 1.08900 after it reaches the 1.08479 mark ( only if you see a bearish sign ) OANDA:EURUSD
this is just my overall analysis of the market please don't trade based on my idea do your technical analysis first :)
EURUSD WILL GO UP ? DXY WEAK OR NOT ? NFP + ISM⛔️ This is a very important week for EURUSD. CPI DATA for EUR is to be issued. This is a very VOLATILE event for the Euro. Because it is a very important INDICATOR. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS.
⛔️ DXY is currently at 98.44 LEVEL. Also the EUR FEATURE stays at 1.1091 LEVEL. The EURUSD PRICE is located on the DYNAMIC S / R LEVELS. Most likely the PRICE will be SHORT TERM UP up to 1.1228 LEVEL.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side.
⛔️ The EURUS PRICE can be UP to 1.1228 LEVEL before it becomes DOWN. Then you can DOWN to 1.0849 LEVEL. According to the LABOR DATA and ISM MANUFACTURING DATA coming out today, we can expect some change in the EURUSD.
⛔️ Currently the MARKET may be the TREND LINE SUPPORT. If you BREAK that TREND LINE, EURUSD can sell faster.