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Eurusdtradeidea

EUR/USD could be due a break from its bearish drubbingHaving fallen for six consecutive days, bearish momentum on EUR/USD is beginning to fade. Tuesday's low also held above the 1.06 level and 71.6% Fibonacci level whilst RSI (14) and (2) are in oversold levels on the daily chart. The 4-hour chart shows bullish divergences on the RSIs, so the bias is to seek dips towards 1.06 for a long towards 1.0650 at a minimum. As we suspect some mean reversion higher is due - even if only temporarily.
Long
by CityIndex
EURUSD: Strong US retail sales push the dollar to new highsThe US economic system acquired a super improve from an first rate growth in retail income in March, which contributed to a sturdy monetary enlargement and a massive strengthening of the greenback. in comparison to different principal currencies. The greenback`s upward push comes amid issues approximately China's economic system, which, despite the fact that first-area annual GDP boom of 5.3% handed expectancies, noticed zone boom and income growth. Retail income in March did now no longer meet forecasts. Furthermore, China's new domestic costs skilled their sharpest decline in 8 years and actual property funding fell almost 17% yr-on-yr. The US greenback index hit a five-month excessive on Tuesday, marking a 4% advantage during the last six weeks. This growth comes as expectancies for hobby fee cuts through americaA Federal Reserve (Fed) are shrinking, even as different critical banks are going through stress to loosen economic policy. As a result, the euro, China's offshore yuan and the British pound fell to their lowest ranges in opposition to the greenback because November. The Japanese yen additionally weakened to a brand new 34-yr low of 154 .60 in line with greenback and forex volatility measures hit their maximum in extra than months.
Short
by Chart_MasterPro
EURUSD Technical Analysis and Trade IdeaIn this video, we explore a trading approach for the EURUSD pair. Our analysis suggests a potential trading opportunity. We provide an extensive analysis of the current price trends, carefully assess the market structure, and consider the dynamics of the market. When conditions are favorable, we identify a possible entry point. However, it’s critical to highlight the necessity of employing effective risk management tactics. Please be aware that this video is designed strictly for educational reasons and is not meant to serve as financial guidance.
by fxtraderanthony
EUR/USD imminent Longs up towards 1.07000 This week's bias closely resembles that of GU, where I'm seeking buying opportunities towards a subsequent selling position. With price melting down and breaking structure to the downside, it has created numerous imbalances that need filling, prompting this bullish outlook. I'll be patient, waiting for the accumulation phase to complete along with a confirmation of change of character (CHOCH) to enter buy positions aiming for the newly established 10-hour supply zone. Subsequently, I'll look to initiate sells to continue the bearish trend downward. Confluences for EU Buys are as follows: - Price left so many imbalances above that need to be filled. - In order for price to continue the bearish trend price must pull back up. - Price is currently inside a 18-hour demand zone with a good initial reaction. - DXY is also near a good supply zone so could expect the dollar to drop a bit this week. P.S. Given the Asian low within my zone, I wouldn't be surprised if price dips further to test a deeper demand area below. Nonetheless, these long positions are merely a temporary move to realign with the prevailing bearish trend. Have a great trading week guys!
Long
by Hassan_fx
EURUSD Daily scalp setupHere you are a short setup i am waiting for on EURUSD. I expect a small consolidation and drop below main trendline. In 3 hrs from now, i expect an end to the consolidation with the NY session. There, if i the price will be traded below the black line (support zone) and will retest it, i'll open a short position targeting the support zone at 1.08230. It's and 1:7 RR, invalidation will be if the price will not break below the black line in the next 3 hrs.
Short
by SaliJournal
EURUSD: 300+ Pips a clear buying opportunity! Dear Traders, Our last entry hit breakeven and price dropped heavily due to bullish dxy presence. We still expect DXY to remain bullish for starting few days of next week. We have identified the key area where we think price will reject and bounce back strongly which will give us 300+ pips. Wait for the price to come to our area and then enter accordingly with accurate risk management. Please like and comment the idea, your support is appreciated. Thanks.
Short
by Setupsfx_
23
EURUSD,🔴Is it bearish...?🔴(Details on caption) Well, first I must say the whole scenario is a low probability because NFP data will be released today, so stick to your money management system. By examining the daily and hourly EURUSD chart we can figure out, that the price grabbed the buy side liquidity and created the bearish breaker with bearish FVG, also this breaker aligns with the 50% of daily candle shadow. So we can expect the price to move higher to FVG and breaker then fall to sell-side liquidity. 💡Wait for the update! 🗓️05/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
EUR/USD at critical support, trade with cautionHello traders, EUR/USD is at a very critical support zone. I say critical because this is the last noticeable support zone. The next support lies far lower at 1.0460. So, at this stage, it would be wise to exercise caution, especially buyers. We can see that price has already gone up by 45+ Pips from the support zone. In the past, there were 2 occasions where EUR/USD went up from this zone. So, if anyone I wants to buy, I would recommend buying at 1.0700-1.0730 with Stop loss below the 1.0690 level. Targets would be 1.0850 and 1.0950 Today, we have some important data release and also Fed Chair Powell's speech which wil lead to a lot of volatility.
by KaltoireCapital
13
EURUSD Technical Analysis and Trade IdeaThe EURUSD has experienced downward pressure, evident on both the daily and 4-hour time frames. Currently, the price is overextended, and I am actively seeking a shorting opportunity if the price retraces around the 50% to 61.8% Fibonacci level. In the video, we delve into price action, analyse the trend, evaluate market structure, and discuss a specific trade idea with defined entry points, stop loss, and target levels. As always, please remember that this information is solely for educational purposes and should not be considered as financial advice.
Short
by fxtraderanthony