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Eurusdtechnicalanalysis

EURUSD getting weakerWeekly key level around $1.07. In long term EURUSD buyer seems like not so interested, as the choppy movements showing on H4. Minor resistance is so close between the H4 waves indicates weak buyer, the movements almost flat. Strong movements is when the price move rocketing steep no retracement with small "pause" which SMC trader usually called them as "rally base rally" or RBR. But since the 1st wave after H4 "choch", there is no "RBR" formed in H4 structure. Even inside H4 waves showing price have to build some other smaller waves to keep push the price up. Now it's in 4th waves. If observe carefully, it's build up rising flag pattern which usually the sign of downtrend will continue. I expecting will massive drop after 5th waves complete. If Euro "want" to still continue upward, then it need strong fundamental data to support it to go beyond key level $1.07.
Short
by UnknownUnicorn33119711
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD Technical analysis and 2 Trade IdeasAt present, we're witnessing a noteworthy shift in the dynamics of the EURUSD currency pair. In the context of this, a notable inverse relationship becomes apparent when we consider the Dollar Index (DXY), which is retracing in higher timeframes. The USD current weakness is paving the way for bullish momentum with the EURUSD. In our video, we delve into several critical elements of technical analysis, including market structure, price action, and the overall trend. Furthermore, we explore two potential trade opportunities. It's crucial to emphasize that the video serves an educational purpose, and it should not be construed as financial advice.
by fxtraderanthony
EURUSD Long Term Buy Trading Idea Hello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD: Core Retail Sales and risksThe EUR/USD firmly in the green for Tuesday after US Retail Sales beat market expectations and saw upside revision to previous figures, sending investor risk appetite into the ceiling and sending the US Dollar (USD) broadly lower, bolstering the Euro (EUR) and taking the EUR/USD up from the day's early low of 1.0532 and sending it within inches of the 1.0600 major handle. Headline US Retail Sales figures for September broadly beat median market forecasts of 0.3%, printing at 0.7% and seeing an upwards revision in the previous month's reading from 0.6% to 0.8%.
by Sphyn-Trader
1
EURUSD 4H : Above 1.0625 will be uptrendEURUSD New forecast The price perfectly fulfills my last idea and we get about + 45 pip . The EUR/USD pair was able to reach resistance, coinciding with the appearance of clear overbought signals appearing, which may push the price to resume the main downward trend again, but we have chances to overcome the current resistance and then begin an upward correction in the immediate and short term. Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that the breach of 1.0625 will lead the price to conduct an upward correction, the first target of which is at 1.0655 and 1.0690, while breaking 1.0555 will put pressure on the price to decline again and head towards... About 1.0450 initially. The expect range trading for today it will be between the resistance line 1.0625 and support line 1.0550. Additionally ,Today News will affect the market . support line : 1.0550 , 1.0496 resistance line : 1.0616 , 1.0655 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
EURUSD 4hr TFIt appears that EUR/USD may have reached a potential low point after being in a bearish trend for 80 days. Currently, it has closed above a recent swing level. I am patiently awaiting a breakout and subsequent retest of the channel before considering a move towards 1.07338. On the other hand, the DOW Jones is beginning to shift towards a bearish trend after 11.4 weeks of bullish activity. This shift may lead to upward movements in gold, silver, and EUR/USD. There are several converging factors to watch for a buying opportunity once EUR/USD breaks out of the channel.
Long
by ChartStrategist
EURUSD Analysis BULLISH Trend (4H-TF)EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for more than 40 day. It seems it will be going in bullish trend in upcoming week. trade might take 10-15 days to achive the target. Reason : Bullish Enugelfing candle from Strong Support level. Taking support at support zone of 1-D timeFrame. Very heavy volume takeover by bulls from fakeout to inside Zone. Verdict : Bullish trend seems to start Plan of action: Buy: 1.05968 SL: 1.05140 Target: 1.09893
Long
by finnova_
EUR/USD Shows Strength as USD Weakens Ahead of US Nonfarm Pay...EUR/USD Shows Strength as USD Weakens Ahead of US Nonfarm Payrolls The Euro (EUR) is demonstrating resilience against the US Dollar (USD), pushing EUR/USD to multi-day highs near 1.0550. Simultaneously, the USD is losing ground, revisiting 106.30 on the USD Index (DXY). This dynamic reflects improved sentiment in the risk-associated universe, despite only a tepid rebound in US yields. While the US Federal Reserve (Fed) is expected to keep interest rates unchanged in the near term, questions surround the European Central Bank (ECB) as inflation surpasses targets and concerns about recession or stagflation linger in the Eurozone. Economic Indicators In terms of recent economic indicators, Germany's Factory Orders expanded by 3.9% in August, while Italy's Retail Sales contracted by 0.4% during the same month. US Nonfarm Payrolls Preview All eyes are currently on the release of September's Nonfarm Payrolls and Unemployment Rate data from the United States. Economists expect job creation to remain steady, with Nonfarm Payrolls set to rise by 170,000, a slight dip from the 187,000 reported in August. The Unemployment Rate is also anticipated to drop modestly to 3.7% in September. The Hawkish Fed and US Dollar's Rally The Fed's hawkish stance and the strong US job market have led to expectations of a final interest-rate hike by the Fed this quarter. This sentiment was reinforced when US job openings unexpectedly rose to 9.610 million in August, indicating a persistently tight labor market that allows the Fed room for further tightening. This outlook propelled the US Dollar Index to an 11-month peak above 107.00, with US Treasury bond yields approaching 16-year highs. Changing Sentiment However, the odds of a Fed rate hike in November dipped to 23% from about 31% following downbeat US labor market data released on Wednesday. The Automatic Data Processing (ADP) report showed that the US private sector added only 89,000 jobs in September, significantly below expectations. US Institute for Supply Management (ISM) Services PMI also fell from 54.5 to 53.6 in September, although it matched expectations. These developments triggered a correction in the US Dollar and bond yields. Anticipating the Impact on EUR/USD Friday's Nonfarm Payrolls data will provide critical insights into the labor market's tightness, especially after a robust JOLTS report and softer private payrolls data. A positive NFP print and strong wage inflation data could strengthen expectations for another Fed rate hike by year-end, potentially driving EUR/USD below 1.0400 . Conversely, if the data suggests weakening labor market conditions and deters hopes of further Fed rate hikes in 2023, EUR/USD could stage a robust recovery toward 1.0650. Conclusion The EUR/USD pair is showcasing strength as the USD weakens in anticipation of the US Nonfarm Payrolls data. While the market closely watches the economic indicators, the interplay between the Fed and ECB policies continues to shape the currency landscape. A lot hangs on the NFP report's outcome, and it could sway EUR/USD in either direction as investors weigh the implications for future monetary policy actions. On the EUR/USD daily timeframe, we can see the "Big picture" H1 Timeframe Analysis: Our preference Short positions below 1.0620 with targets at 1.0490 & 1.0400 in extension.
Short
by FOREXN1
23
EUR/USD looks set to extend its countertrend moveEUR/USD has managed to retrace further from its YTD low during Thursday’s Asian session, and it looks set to extend its countertrend move (assuming yields retrace lower). A bullish RSI divergence formed ahead of the recent lows, and momentum has turned higher, and it looks like EUR/USD now wants to reach for the 1.05570 – 1.0600 level, near the weekly pivot point, trend resistance and 1.0600 handle. Beyond that, we can reassess its potential to either continue higher or form a swing high and revert to its bearish trend. Given the dominance rising yields have had on market in general in recent weeks, it really is down to how the bond market performs as to what we see here on the euro chart.
Long
by CityIndex
[EN] EURUSD bullish in 4h // GaliortiTradingBullish 4-hour chart for FX:EURUSD The FX:EURUSD broke its bullish channel that had been with it since February of this year, at the beginning of September, and is trying to reach its new target , which would be its same channel set below. When it broke the channel, it entered another bearish channel with great acceleration. If we zoom in on the 4-hour chart, we see that it is on the floor of this new channel , so we can take advantage of its rebound to make a profit. As indicated by the arrows, we would have two very likely options : The first would be to go straight up to reach the middle of the channel or even touch the top of this (as seen in the black box) , we deduce that this would be the point as it could be running a shoulder head reverse shoulder and our target would be its clavicular line. The second option would be with the same idea, but this time stopping at the resistance of 1.05136, having more problems in making the rise. Pau G.
Long
by GaliortiTrading
Potential Short on EURUSDPrice has broken the 1.05100 area, a retest of that same zone and its rejection to confirm continuation will be a good entry point. Be sure to see the rejection of zone and the continuation Better to let market tell you its flow and you respond to it rather than attempt to predict it. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Short
by Mbjoey
2