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Eurusdtrade

EURUSD Technical Analysis And Trade IdeaIn this video, we embark on an in-depth look of the EURUSD currency pair, delving into the evident uptrend displayed across both the monthly (1M) and weekly (1W) timeframes. Within this forex pair, we've encountered a noteworthy resistance level, hinting at the possibility of an imminent retracement. Throughout our discourse, we will delve into the exploration of a potential trading opportunity, the intricacies of technical analysis, and offer valuable insights into effective forex trading strategies. It is paramount to underscore that the insights shared within this content are designed solely for educational purposes and should not be construed as financial advice. Trading in the currency market carries inherent risks, emphasizing the critical necessity of incorporating robust risk management techniques into your trading strategy.
by fxtraderanthony
EUR/USD drops to 1.0700 as USD recoversThe dollar steadied amid cautious market sentiment after an unsuccessful separate session of the United Nations Security Council to resolve the conflict and Israeli Prime Minister Benjamin Netanyahu's insistence on a general ceasefire until Hamas Release all hostages. Market participants are now awaiting insights from Federal Reserve policymakers. Any conflict with the policy rate expected to remain unchanged in December could further strengthen the USD and negatively impact EUR/USD. German data showed Monthly Industrial Output in September fell 1.4%, which contributed to weakness in the EUR/USD pair. Technical analysis on the 4-hour chart using the Simple Moving Average (SMA) and the 20-period Fibonacci retracement identifies the main pivot point for EUR/USD at 1.0700. EUR/USD saw a decline from the 1.0750 peak to levels below 1.0700 on increasing selling pressure, which is likely to extend to the interim resistance of the 55-day SMA near 1.0650. The negative outlook persists as it sits below the 200-day SMA of 1.0804, with the latest price at 1.0669 (-0.48% daily change). The USD rebound and deteriorating risk appetite are putting pressure on the pair. Disappointing German Industrial Production data (down 1.4% in September compared to forecasts for a 0.1% decrease) also partly put pressure on the EUR. The central event this week is the speech of ECB and Fed officials.
by MrTrongVo
1
EURUSD: Evolution and movement trend of EURThe euro lost value compared to the USD today as the dollar had a significant increase. Germany released some disappointing data. Following the RBA's announcement that this would be the final increase in interest rates, the value of the Australian dollar plummeted dramatically. Germany's industrial production weakened last month, according to data, which had an indirect negative impact on the euro. Jerome Powell, the chairman of the Fed, will talk on Wednesday and Thursday. Following the Fed policy meeting last week, the markets will now be watching to see if he sticks to his more accommodating position. The euro lost value compared to the USD today as the dollar had a significant increase. Germany released some disappointing data. Following the RBA's announcement that this would be the final increase in interest rates, the value of the Australian dollar plummeted dramatically. Germany's industrial production weakened last month, according to data, which had an indirect negative impact on the euro. Jerome Powell, the chairman of the Fed, will talk on Wednesday and Thursday. Following the Fed policy meeting last week, the markets will now be watching to see if he sticks to his more accommodating position.
Long
by Chart_MasterPro
81 Pips profit in EUR/USD, more decline looks likelyHello traders, EUR/USD went exactly as I had predicted in my previous idea( Previous idea attached below). From my sell at 1.0746, the price is now 81 pips lower. Currently, if you look at the daily chart, we have a bearish candlestick pattern exactly at the confluence of the 100-day EMA and the top of the price channel . A combination of these two factors could take the price even lower in the coming days. Keep an eye on the hourly mav at 1.0665. If this breaks, it could open the door to 1.06.
by MarcellusLUX
12
Long Position traders looks happy! EURUSD {08/11/2023}Educational Analysis says EURUSD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker FXCM. Bull/Long Traders look positive on the long position of this pair, The Last lower high has been respected, Which means the market is in bullish trades for this pair. EURUSD fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 50.44 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
2
Short Opportunity for EUR/USDEUR/USD is currently in a strong downtrend, and a previous trade idea based on the break of the previous day's low and 4-hour support yielded a 40-pip gain . The analysis now indicates a potential opportunity as the price approaches another critical level. If the price breaks below the 4-hour support at 1.06668 and retests this level with an entry confirmation, a short trade is recommended. There are three potential targets: The first target is set at 1.06482, which is a 1-hour support level. The second target is at 1.06319, representing another 1-hour support level. The final target is the previous low of the day at 1.06197. This setup could potentially yield more than 45 pips. Traders should closely monitor the price for entry confirmations and act accordingly. if not price can pullback to 1.07064 level. Please remember to exercise caution and implement appropriate risk management strategies. Trading carries inherent risks, and this idea is not financial advice. Conduct your own research, assess your risk tolerance, and consider seeking guidance from a professional financial advisor as needed.
Short
by Pasindu_BadgerFX
The USD fell, extending the decline from last week. Will the EURThe U.S. dollar edged lower in early European trading Monday, falling to a six-week low and extending last week's decline on a less hawkish stance from the Federal Reserve. At 03:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 104.782, after falling more than 1% last week, the sharpest decrease since the middle of last year. The dollar has weakened since the Federal Reserve's policy-setting meeting last week, when the central bank offered dovish signals about more interest rate hikes. EUR/USD rose 0.1% to 1.0743, with the euro rising to levels last seen in September on dollar weakness, rather than any form of regional economic strength. Which area? This tone was reinforced by Friday's official jobs report, which showed that US nonfarm payrolls grew less than expected in October. The data suggests the US labor market is cooling. more, which has been the main driver of the Fed's hawkish stance this year.
Long
by Chart_MasterPro
EURUSD: 06/11/2023:🟢Ready for the next short term bullish🟢You can see the scenario that I looking for. I am waiting for the price to touch the bullish order block and then with low timeframe confirmation, we can enter the buy position. We can define the previous high as a target. If the price breaks the previous high before entering the bullish order block this TA is not valid anymore. 💡Wait for the update! 🗓06/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
5
EURUSD 4H : New forecast EURUSD New forecast The price of EUR/USD rose up last week as it approaches the expected positive target at 1.0760, and is moving within an ascending channel that supports the chances of surpassing this level and opening the way for further upward correction during the coming sessions, heading towards visiting the 1.0807 and 1.0836 areas as the next main stations. Therefore, we expect to witness further rise in the immediate term, supported by the moving average 50, taking into account that failure to breach 1.0760 will put pressure on the price to bounce down and test the pivotal support at 1.0700 before determining the fate of the next destination more clearly.so the main condition to be continue at the bullish trend is stability above 1.0760 and then our target will be activate . The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0700. resistance line : 1.0760 , 1.0807 support line : 1.0700 , 1.0686 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
2
EURUSD short term Shorts to 1.06400This week I will be covering my sell setup idea towards an area of demand to end up buying with the trend. However due to DXY shift in trend, I will be looking for buys for EURUSD later on. Currently as of now price is inside an area of a 4hr supply zone so im expecting price to react off it to cause a retracement back down. Scenario (A) - Is for imminent sells to the downside as im currently waiting for price to complete the distribution via a clean CHOCH to the downside, it will hopefully then give us a clean order block for us to enter from. However, if this Supply gets violated (which is possible due to the strong bullish entry in the zone), I will then see that price will want to sweep the liquidity above and tap into the daily supply POI above. This will be ideal as price is at a much premium rate. Scenario (B) - Is that price will breach the zone we are currently in to take out the liquidity above, once it does that I will be looking for sell oppurtunities around the daily supply zone to target the 1.06400 mark in order to continue the bullish trend upwards. So currently we will be selling down to the demand so we can eventually trade with the trend. My confluences for EURUSD shorts are as follows: - Overall trend on the HTF (weekly/monthly) is bearish. - Price tapped in to a 4hr supply zone and there is a daily supply just above. - Momentum is slowing down expecting price to distribute and choch to the downside. - Imbalances were left below due to NFP news so im expecting it to get filled via a pullback. - For price to continue in its recent bullish trend im expecting price to come back to those demand levels anyways. P.S. Even though price is bearish overall, It has chnaged charcter and broken structure on the 4 hourly. Short term I am bullish and I will be looking for potential buys, but for now im selling down to eventually buy at a discounted price.
Short
by Hassan_fx
3
EURUSD 4H :NFP report will affect on the marketEURUSD New forecast The EUR/USD pair succeeded in attempting to breach the level of 1.0632, and after that it found strong resistance at 1.0664, to remain confined between the pivotal levels, which makes us continue our neutrality until the price is able to penetrate one of these two levels to determine the next targets more precisely. therefore breaching the resistance at 1.0664 will push the price to conduct an additional upward correction targeting the 1.0700 areas as the next main station, and by breaking it, it will reach 1.0760, while breaking the support 1.0612 represents the return key to resuming the main downward trend, whose next target is at 1.0562. The expect range trading for today it will be between the resistance line 1.0686 and support line 1.0612. Additionally ,Today News will affect the market . resistance line : 1.0664 , 1.0686 support line : 1.0632 , 1.0612 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
6
EUR/USD reaches 1.0670 but struggles again, another fall?Hello traders, as expected EUR/USD reached 1.0670 level. Our buys at 1.0525 and 1.0590 ( buy entries were dropped in previous ideas) were closed with 140 and 80 pips profit respectively. However, EUR/USD has struggled again at the familiar resistance level of 1.0670. Although I have not sold EUR/USD , there's a chance that price may fall further towards 1.06. In the daily chart, a strong resistance lies at 1.0720 which will be a test for the bulls. I advise traders to keep these points in mind while executing the trades.
by MarcellusLUX
4
EURUSD: European stock futures higher; BOE decisionThursday is expected to see a stronger opening for European stock markets after Wall Street saw a big increase on mounting expectations that the Federal Reserve has finished raising interest rates. After the US Federal Reserve's most recent policy-setting meeting, investors grew more confident that the next move in US interest rates would be a decrease rather than an increase. European stocks are predicted to carry on the strong momentum on Wall Street overnight, with the Nasdaq Composite up 1.6%. As was largely anticipated, the Fed held interest rates constant on Wednesday. Chairman Jerome Powell did not explicitly commit to the concept of another rate hike, however, in his remarks. Back in Europe, it was the turn of the Bank of England to make its most recent monetary policy announcement at
Short
by TrategySherpa
1
EURUSD 4H : New forecast EURUSD New forecast The decline of the euro/dollar pair stopped at the level of 1.0545, rebounded upward, and begins the day with an additional rise to trade above the support of the ascending channel again, facing a conflict between technical factors that makes us prefer to stay neutral until we get a clearer signal for the next direction. We point out that continuing the rise and breaching 1.0632 will lead the price to conduct an upward correction that mainly targets testing the 1.0660 areas, while failing to break the 1.0632 resistance, the price will return to testing the 1.0545 channel support. The expect range trading for today it will be between the resistance line 1.0632 and support line 1.0540. Additionally ,Today News will affect the market . resistance line : 1.0612 , 1.0632 support line : 1.0562 , 1.0540 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
2
💡 EURUSD: The buyers are dominatingOnce the sellers retested the 1.07 region, the bearish momentum lost its strength and failed to push the price beneath the support zone at 1.05. The prominent long lower shadow observed in the latest session indicates a robust upward pressure on prices, hinting at the resilience of the 1.05 level against a potential breach. Our current approach remains focused on purchasing based on prior reversal signals. For those already holding positions, it is advisable to maintain them. We will only consider abandoning this strategy if the price falls below the range of 1.0530 to 1.0510, which serves as the target for traders. The buy position is still centered around 1.0540.
Long
by Stone_Haven
EURUSD: The USD increased before the Fed's decision, EURUSD...EUR/USD fell 0.1% to 1.0562, after data showed prices rose just 2.9% in the euro zone in October, the slowest pace since July 2021. ECB policymaker Joachim Nagel said on Tuesday that the European Central Bank must keep interest rates high enough for long enough as inflation in the euro zone has not been overcome despite a significant decline. told in the past year. However, this data leads to the perception that the ECB has completed its tightening and the euro could weaken further if Fed Chairman Powell is seen to take a hawkish stance at the end of the session.
Long
by TrategySherpa