Eurusdtradeidea
EURUSD Longs from 1.09600 up towards 1.11000My forecast for this week aligns with my plan for GU as anticipated, with some minor adjustments. The concepts remain consistent, but the positioning is extended due to the trend line liquidity near the current price. I expect this liquidity and the Asian low to be taken out, leading price down towards the 5hr demand zone.
Upon the formation of a Wyckoff accumulation pattern, I plan to initiate buy positions, targeting a move back up towards the 10hr supply zone located at the psychological level of 1.11000. This pair is currently favourable for me, exhibiting ideal price structure and aligning with a pro-trend perspective.
Confluences for EURUSD Buys are as follows:
- Unmitigated 5hr Demand zone has been left which caused a major BOS to the upside.
- Temporary trend is also bullish as price has broken structure once again.
- DXY is still looking bearish meaning that EURUSD is expected to rise.
- Trend line on top of demand is a good sign as price will sweep liquidity before entering.
- In order for price to continue in its bullish course, it must ideally react off a demand level.
P.S. While I anticipate an initial drop to mitigate the demand, I acknowledge the possibility of remaining upside. This could lead price to react off the 10hr supply, subsequently eliminating the trendline liquidity below.
HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
GBPUSD: - A Detailed Analysis of Market Structure and FibonacciWelcome to my TradingView profile! In this article, we will embark on a journey together to explore the intriguing prospects of EURUSD, guided by the fundamental principles of market structure and Fibonacci retracement. I invite you to join me in analyzing one of the most traded currency pairs.
Our primary instruments will be market structure, the identification of the trend direction, and the application of Fibonacci levels. We will delve into how these factors can provide meaningful insights for making informed trading decisions.
he inclusion of detailed charts and illustrations will aid in visualizing the discussed concepts. We will explore key Fibonacci retracement levels and how they interact with the overall market structure.
This will be an informative article, focusing on understanding the market context and applying fundamental concepts of technical analysis. The goal is to provide a clear perspective and stimulate critical thinking within our trading community.
If you find this analysis valuable, I encourage you to subscribe to stay updated on my latest posts and market analyses. This is just the beginning, and subscribing will allow you to be among the first to receive updates and trading ideas.
Feel free to make any adjustments or let me know if there's anything specific you'd like to modify!
EURUSD: The USD fell as expectations of interest rate cuts increThe U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year.
Market participants are keeping an eye on the timing of the U.S. Federal Reserve's interest rate cut. The futures market indicates that there is an 89% probability that interest rates will be cut by March 2024, and it has been pointed out that there is a possibility that interest rates will be cut by March next year. Despite these forecasts, some analysts, including those at Monex USA, have expressed skepticism about the Fed's willingness to ease early, saying the dollar could appreciate if the expected rate cuts do not materialize. suggested.
In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year.
Analysts at Monex USA highlighted the unstable economic situation in Europe and the United Kingdom, predicting that their central banks could cut interest rates before the Fed. The euro rose 0.09% to $1.1113, close to a five-month high and posted a 3.7% annual gain, its best performance since 2020.
EURUSD Technical analysis and Trade IdeaIn this video analysis, we focus on dissecting the movements of EURUSD. We can see that the EU has traded into a significant resistance level. Below the current price level, we pinpoint an imbalance key support zones. Throughout the presentation, we delve into comprehensive trend analysis, intricacies of price action, the underlying market structure, while also briefly outlining a prospective trade opportunity. It is important to note that this is not financial advice and is meant for educational purposes only.
EURUSD Lokking BearishEURUSD has liquidity at 1.1065 price level and, also we are at the end of wave 5 expecting a dump from the trendlines
EURUSD: Continue with the sell There was only a slight decrease in the last session, so no significant changes have appeared on EURUSD. Currently, we still have short positions according to previous reversal signals around the 1.10 resistance area, please continue. holding the position, the short-term target is still around the lower border of the rising channel, we will only abandon this strategy when the peak of 1.10 is completely broken.
EURUSD Longs from 1.09550 or 1.09200I anticipate EURUSD to wait for a decline in selling pressure and for the price to enter a demand zone, providing an opportunity for an upward buy. Currently, my focus lies on the two 5-hour demand zones that triggered the recent CHOCH.
This bias is more favorable as it aligns with the existing bullish trend in the EURUSD market. Despite my overall bearish outlook on this market, the ongoing bullish rallies remain robust. Furthermore, I anticipate further upside in the market to eventually reach a more premium supply zone.
Confluence for EURUSD Buys are as follows:
- Lots of liquidity left above in the form or trend lines and asian highs.
- Two demand zones on the 5hr time frame that has caused a CHOCH to the upside.
- This idea aligns with the temporary bullish trend that EURUSD has generated.
- Selling pressure is slowly getting exhausted and is pending an accumulation.
- For price to continue going higher and create a new leg it must react off a near demand.
P.S. The price has responded to a 50-minute supply zone, initiating bearish momentum. Now, I am anticipating the price to descend and undergo accumulation within the specified zones I have identified.
Comment your thoughts below and let me know what you guys think of EURUSD's current price
EURUSD Bullish on 4HR Market is in Up Trend and after Fib 50% retracement making a cup and handle patter its going to make an upside move again. It breaks its key resistance Level. You can take a Buy trade with proper risk management
EURUSD 25-29 outlookwe were right about our last outlook and with that we will continue to the long side. i will keep farming this trend as long as it lasts and so should you.
as always dont enter without confirmation and size your position wisely
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 Euro...EURUSD firmed a wedge top at first and a double top after that and ready to goes down again.
Trade safe.
Good luck.
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?
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.
#EURUSD: DXY will be dominate! this weekEURUSD will likely to drop due to strong sellers presence price bounced up on after FED decision led DXY to drop heavily. Due to a sudden price increase due to economic data, price left massive gaps in the market. It is very likely that before any further big move we can pick this intraday trade idea.
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!
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.
#EURUSD: Waiting for the breakthrough! Dear Traders,
After the NFP data, it came out to be mixed new while number of jobless claimed released higher than expected and previous month data. We are expecting price to breakthrough the trend line and we can maximize 200 pips or more.
thanks for your support throughout it means a lot ;)
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.
#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.
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.
EURUSD longnew SnD and poi formed after fomc to trade from. ill be looking for confirmation for a long with this SnD
