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Eurusdtradeidea

7 Dimension analysis for EURUSD🕛 TOPDOWN - Bearish Momentum in a Multi-Month Downtrend Overview: The monthly and weekly analyses indicate a multi-month downtrend with the initiation of a current impulsive bearish move. The focus is on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Bearish impulsive move in progress, marked by a proper high. 🟢 Inducement: Completed. 🟢 Pull Back 1st: Deep pullback with a reversal and bearish momentum. 🟢 Internal Structure: Choch (Contraction) observed. Ext OB mitigated, indicating a potential reversal. 🟢 Resistance/Supply/Distribution/Premier: Multiple indicators, including trendlines, suggest further downward movement. 2️⃣ Pattern 🟢 CHART PATTERNS Raising Wedge breakout signals bearish continuation. 🟢 CANDLE PATTERNS ey Considerations: Record session count with a Change in Guard (engulfing) candle, a strong reversal sign. Momentum signals, including strict engulfing and a last bullish FOMO candle. 3️⃣ Volume: Pivot points of fixed range volume show volatile reversal signals. Average volume during correction move reinforces the bearish bias. 4️⃣ Momentum RSI: 🟢 Momentum State: Sideways zone. 🟢 Range Shift: From bullish to sideways with a loud move. 🟢 Loud Moves: Bearish loud move observed. 🟢 Overbought/Oversold Rejections: Count of 3. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band provides support, but momentum suggests potential breakage. 🟢 Formation of a W pattern at the top of the move. 6️⃣ Strength: USD is stronger than EUR, adding to the bearish bias. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Supply area and extreme Order Block. ☑️ Candles Behavior: RSC, Momentum - both patterns are bearish. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell right now. 💡 Decision: SELL. 🚀 Entry: 1.08450 ✋ Stop Loss: 1.1030 🎯 Take Profit: 1.0143 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.75 🕛 Expected Duration: 30 days SUMMARY: The analysis strongly supports a bearish momentum, aligning with the ongoing multi-month downtrend. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Short
by Optimum369
3
EURUSD: The dollar is weakening amid rising expectations for a r The dollar is currently volatile against most major currencies as market sentiment has been hit by expectations that the US Federal Reserve could start cutting interest rates. The exception remains the Japanese yen, which maintains its position against the dollar even after the Bank of Japan's decision to continue its expansionary monetary policy. Fed officials sought to manage market expectations after last week's Federal Open Market Committee meeting hinted at the possibility of a rate cut in 2024. This outlook has led to a rally in financial markets, with current expectations based on the CME FedWatch tool putting the probability of a rate cut at the March Fed meeting at 67.5%. Kyle Rodda, Senior Financial Markets Analyst at Capital.com, said the Fed now has to decide on countermeasures that could be consistent with market expectations or lead to market instability. said it is necessary to do so. Atlanta Fed President Rafael Bostic reiterated Tuesday that he expects two rate cuts in the second half of this year, but stressed there is no need to take immediate action. At the same time, Richmond Fed President Thomas Barkin noted that the central bank's ability to lower interest rates depends on economic development. The dollar index, which compares the greenback against a basket of other currencies, was little changed at 102.20, after earlier falling more than 0.3%. The index hit a four-month low of 101.76 last week. Rodda also said that upcoming economic data will be important in determining the dollar's direction, indicating whether the expected rate cuts next year are justified. Investors are currently awaiting the release of the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, which could provide insight into whether inflation has slowed enough to warrant easing. may be provided. Will politics start next year?
Short
by Chart_MasterPro
2
EUR/USD approaches minor support level, what now?Hello traders, hope you had a great weekend. Last Friday, we made some good profits of 100+ pips by selling EUR/USD at the 1.10 resistance level. Now, at the moment, the price is approaching a minor support. Whether the support level holds is another question. Price action tomorrow will be the determining factor. Although, as we approach the end of the year, volumes will continue to reduce as most of the big institutional traders will be on holiday. Of course, I would not open any new sells at the current price levels. However, in case EUR/USD spikes up to the resistance again, I will consider putting in new sell trades.
by YourLazyTrader
10
EURUSD Longs from 1.08000 up towards 1.10500The bias for the EUR/USD this week remains bullish, given the recent downward break in the DXY (Dollar) structure. Currently, the price has responded to a supply zone, leading to a partial retracement. My anticipation is for the price to continue its descent towards a demand level, creating an opportunity for me to consider buys within the ongoing bullish trend. The demand zones identified on the 10-hour and 2-hour charts triggered an impulsive upward movement, leaving an imbalance. Recognising this pattern suggests that the price is likely to revisit these levels and react in a bullish manner. Confluences for EURUSD Buys are as follows: - DXY (dollar) continues to break structure to the downside indicating that EU will rise. - Lots of liquidity to the upside that hasn't been taken in the form of asian highs and trend lines. - Demand zones haven been left on the 10hr and 2hr below the levels of imbalances. - The price also responded to a near by 23-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. Additionally, I acknowledge the possibility of the price ascending and reaching the Asian high, which is in close proximity to the current price. Should this occur, my expectation is for the price to respond to the refined supply on the 50-minute chart above it, or potentially rise further to establish a more favourable sell opportunity. I would also love to hear you guys thoughts on this pair so be sure to leave a comment!
Long
by Hassan_fx
Holding sells in EUR/USD, target 1.09 and 1.08, you sold too?Hello traders, if you look at the 4hour chart in EUR/USD , you will notice that price has pulled back after touching the resistance level. In my previous idea, I already sold after EURUSD touched the 1.1005 level. Currently a little over 50 Pips profit . However, looking at the price action, it seems EUR/USD can fall a lot more. If the bearish price action persists, I expect 1.09 and 1.08 levels to be in the picture over the next few days.
Short
by YourLazyTrader
2
EURUSD: EUR/USD holds steady at peak, awaiting PMI data.The main movement of EUR/USD this week was driven by statements expressing the views of the Fed and ECB with a strong increase from 1.0800 to the important resistance level of 1.1000 yesterday. This makes this currency pair face a rather interesting situation when Eurozone PMI data will be published this afternoon. Does the above data support the ECB's stance of "keeping interest rates higher for a long time"? Or will it pressure central banks to act faster next year? Additionally, another factor to consider is the Fed's ability to cut interest rates. The odds of a rate cut in March are currently around 80%, so there won't be much room left to exploit this story on the USD side. However, for the ECB, the rate of a cut in March is currently only 55%. Therefore, any change in this possibility will depend on upcoming data with PMI being reliable data in forecasting the economic outlook. Another factor to note: Today is the options expiration date for EUR/USD at 1.0950. This price level will help the pair be more stable in case any downward pressure occurs.
Short
by Chart_MasterPro
#EURUSD: Possible short term selling opportunity! Hey Everyone, DXY will be volatile this week due to NFP and other strong data coming out from Wednesday to Friday market will be too volatile and keeping that fact in mind we think EURUSD may be bearish. Wait for price to come to red designated area so that we can enter short there. Once entered keep stop loss small and to you risk management. Target will be divided into two, close half of the position at target one and keep the rest of the position running for price to reach our target two. If you like our work and analysis, please like the idea.
Short
by Setupsfx_
8
EUR/USD : Will it Fly or dive after FOMC?Hello traders and the entire Tradingview Community! Exciting FOMC event coming up in a few hours. Even at this time of the year with low volumes, you can still expect a lot of volatility and price movements during and after FOMC. I am going to analyze EUR/USD without any bias here. If you look at the daily chart, you will see that price is still above the 100-day moving average which is a bullish sign. The area around 1.0740 which was previously a resistance could work as a support now. If the support holds, and the Fed signals that rate hikes are done for now, expect EUR/USD to go bullish. A minor resistance lies around the 1.0830 level. Note that I currently do not have any open positions in EURUSD.
Long
by YourLazyTrader
6
EURUSD Technical Analysis And Trade IdeaThe EURUSD has shown a robust upward trajectory, subsequently experiencing a bearish shift in market structure. This video delivers an intricate breakdown of this trend, meticulously scrutinizing price fluctuations and uncovering potential trade prospects through comprehensive evaluations across weekly and daily timelines. Expect a comprehensive review encompassing price shifts, market patterns, trend assessments, and vital technical analysis elements. It's imperative to stress that the information shared here serves solely for educational purposes and should not be construed as financial counsel.
by fxtraderanthony
EURUSD Technical Analysis And Trade IdeaIn the recent times, EURUSD has broken market structure to the downside, indicating a possible sell opportunity. This video presents a detailed analysis of this trend, meticulously examining price movements on both the weekly and daily charts. Please note, the content presented here is purely educational. It's crucial to emphasize that while the analysis provides valuable information, it should not be interpreted as financial advice or guidance.
Short
by fxtraderanthony
Next scenario for EURUSD after a series of declining daysEUR/USD: The euro did not show any significant signs of recovery in this week's trading. Therefore, you can consider the following options: In a short-term scenario, the EURUSD could retest the price reaction zone around 1.0800 Ace and wait for a sell-off in this area in relation to the expected FOMC information. Eurodollar could still be a period of accumulation for the market. EUR/USD target expected level returns to 1.0650 area
by TheLeader_WOLF
EURUSD Longs from 1.07000 up to 1.08800This week's forecast for the EURUSD aligns with the breakdown observed in GBPUSD, indicating a positive correlation between these pairs. In the case of EURUSD, I anticipate further downward movement to reach a 19-hour demand zone. Following this, I expect a bullish reaction, propelling the price upward towards a more favorable supply zone for a potential sell-off. Additionally, there is significant liquidity positioned above the current price, providing an additional rationale for a retracement. Given the recent bearish trend, I foresee an impending pullback, which I anticipate will occur during this week. Confluences for EURUSD Buys are as follows: - Price entering a 19hr demand zone that caused a broke of structure to the upside on HTF. - There lots of liquidity lying above in the form of Asian highs and trendline liquidity. - Price has been moving bullish the last couple of weeks and I consider this a pro-trend trade. - The DXY (Dollar) is also temporarily bearish which means I'm expecting this pair to keep going up. - The imbalances that were left previously have now been filled so price could be ready to retrace. P.S. Although I am currently seeking buying opportunities in the demand area just below the current price, it wouldn't be surprising if the price decides to drop further to reach a more affordable zone. This adjustment could potentially result in an improved bullish position. Additionally, upon entering a supply zone, I anticipate the price to sustain a bearish trend, given the prevailing bearish sentiment in the overall market for the EURUSD.
Long
by Hassan_fx
EURUSD resume uptrend?EURUSD's daily chart showcases a strong bullish momentum, with a notable opportunity for a sustained buy position identified at the highlighted demand level in blue. This level, signaling a concentration of unfilled orders, suggests significant underlying strength. The envisioned long-term target for this buy position aligns strategically with the supply zone at the chart's pinnacle. Investors eyeing potential opportunities in the currency pair may find the current bullish trend compelling, with the highlighted demand level serving as a promising entry point. The anticipation of continued upward movement is supported by the concentration of unfilled orders at this level, reinforcing the potential for a sustained bullish trajectory with the long-term target aligned to the supply zone at the chart's upper extremity.
Long
by ForexWizard01
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase. Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis. Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
by fxtraderanthony