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Eurusdtradeidea

EURUSD POTENTIALLY BEARISHWe saw a massive strength gain to the USD yesterday which shifted a lot of expectations in the market direction. The previous low @1.07682 on FX:EURUSD was broken and now we are seeing market back at the zone again for a retest. If the zone holds as a new found resistance, and we see some form of price action candle to confirm the exhaustion of the retest, I will go in for a short (sell) with targets at 1.05147 and 1.00773. Until then we keep our fingers crossed. For every position you look to trade, use proper risk management as past results does not guarantee future results. #EURUSD
Short
by Mbjoey
2
Republicans Retake Senate, EURUSD Holds at Critical ResistanceFxNew s—The October 23 low at 1.076 is the immediate resistance. The EUR/USD price is likely to exceed this level. If this scenario unfolds, the consolidation phase could extend to the 50% Fibonacci retracement level, backed by the bearish fair value gap area. This level provides a decent opportunity to join the bear market. Therefore, traders and investors should closely monitor the resistance area that expands from 1.081 to 1.084, backed by the 100-SMA, for bearish signals.
by FxNews-me
#EURUSD 1DAYEURUSD Daily Analysis The EURUSD pair has broken below a key trendline on the daily chart, which has now turned into a resistance level. This trendline breakdown signals potential bearish momentum, as the price is likely to face selling pressure if it attempts to retest this new resistance area. Technical Outlook: - Pattern: Trendline Breakdown, now Resistance - Forecast: Bearish (Sell Opportunity) - Entry Strategy: Sell near the trendline, now acting as resistance Traders may consider selling on any retests of the trendline resistance, with targets set at lower support levels. For additional confirmation, indicators such as RSI reflecting bearish conditions or MACD showing downward momentum can strengthen the setup, supporting the bearish forecast for EURUSD.
Short
by PIPSFIGHTER
2
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit
Is The EURUSD Set For Possible Bullish Move? Is The EURUSD Set For Possible Bullish Move? Key Price Action Signals to Watch For.. 👀👉 EURUSD is displaying strong bearish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
by tradingwithanthony
EUR/USD shows potential (READ DESCRIPTION)Pivot Point: 1.0860 EUR/USD shows potential for an upward move, with projected gains of 27 - 42 pips, supported by a pivot level at 1.0860. Our Preference: Long Positions Consider long positions above 1.0860 with the following target levels: Primary Target: 1.0900 — this level may serve as the first resistance, where some consolidation or minor retracement could occur. Secondary Target: 1.0915 — if this level is reached, it may indicate stronger bullish momentum, potentially supporting further advances. Alternative Scenario: Downside Potential If EUR/USD dips below 1.0860, consider a move lower with targets: First Target: 1.0845 — an intermediate support level that could act as a buffer for downward momentum. Second Target: 1.0830 — a more substantial support level that may result in either a consolidation or a sustained bearish push if breached. Technical Indicators & Analysis Relative Strength Index (RSI): The RSI indicates consolidation but remains above its neutrality area at 50, suggesting moderate upward momentum. Moving Average Convergence Divergence (MACD): The MACD may be nearing or above its signal line, reinforcing a slight bullish trend; however, a potential cross below could indicate a return to consolidation or slight bearish pressure. Moving Averages: EUR/USD is positioned above its 20-period and 50-period moving averages, signaling a short-term bullish trend with support for the upside move. Key Levels & Price Action Outlook Above 1.0860: A sustained move above this level can support gains toward 1.0900 initially. Consolidation may occur at this level, but continued strength would open up 1.0915, which is a more substantial resistance level and an extended target for long positions. Below 1.0860: Dropping below this pivot could lead to further declines. 1.0845 may serve as an initial support, and a break here could lead to a test of 1.0830. This deeper level may offer stronger support and could signal either a bottoming for a potential rebound or a continuation of bearish movement.
by CharivapaAlgo
EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Long
by tradingwithanthony
3
EUR/USD (aka) "FIBER" Bank Money Heist Plan on Bullish Side.Hola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/USD (aka) "FIBER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 1h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair has recently broken above a key trendline resistance on the 4-hour chart, suggesting a bullish trend reversal. This breakout signals potential upside momentum as buyers gain control, providing an opportunity for long entries. Technical Outlook: - Pattern: Trendline Breakout - Forecast: Bullish (Buy Opportunity) - Entry Level: Post-breakout above the trendline Traders can look for buy positions above the breakout level, targeting the next resistance zones. It’s recommended to confirm this setup with indicators like RSI for overbought/oversold conditions or MACD for bullish crossover to strengthen the buy signal.
Long
by PIPSFIGHTER
#EURUSD 1DAYEURUSD Daily Analysis The EURUSD pair is currently trading within a well-defined falling channel on the daily chart, indicating a bearish sentiment. The pair is approaching the upper boundary of the channel, which acts as a strong resistance level. This setup suggests potential selling opportunities as the price is likely to reverse upon hitting the resistance line. Technical Outlook: -Pattern: Falling Channel -Forecast: Bearish (Sell Opportunity) -Resistance Level: Channel upper boundary Traders can look for sell setups near the channel's resistance zone, targeting lower support levels within the channel. It’s advisable to confirm with additional indicators such as RSI or MACD to validate bearish momentum before entering a sell trade.
Short
by PIPSFIGHTER
EUR/USD Sells to continue from 1.08300 or 1.08500EU Analysis Breakdown: My bias for EU aligns closely with GU, anticipating a continued bearish trend as long as the DXY remains bullish. I’ve marked out two supply zones and will wait for either to be mitigated, followed by my lower time frame execution model involving Wyckoff principles. Once I spot a Wyckoff distribution pattern, liquidity sweep, and CHOCH, I’ll initiate a sell position to keep with the downward trend. If price reaches the 9-hour demand zone at 1.07500, I’ll assess potential buy opportunities there. Confluences for EU Sells: - Strong bullish momentum in the DXY supports a downward bias for EU. - EU’s consistent bearish structure aligns with this trend-following approach. - An untouched supply zone provides a key area for potential sell entries. - Significant downside liquidity offers additional targets. P.S. Price could alternatively rise due to the liquidity above the supply zone, particularly around Asia session highs. Trade safely and stay smart out there!
Short
by Hassan_fx
EUR/USD Technical Analysis: (READ DESCRIPTION)EUR/USD Technical Analysis: Bullish Outlook Pivot Point: 1.0775 EUR/USD is currently showing signs of a potential upward move, with support firmly established at 1.0775. The technical indicators suggest a preference for long positions as the pair is poised for further gains. Our Preference: Long Positions Recommended Trade: Long positions are favored above 1.0775, with targets set at: First Target: 1.0805 Second Target: 1.0820 This indicates a potential rise of 12 to 27 pips as the bullish momentum strengthens. Alternative Scenario: Downside Potential If EUR/USD falls below 1.0775, consider looking for downside targets at: First Target: 1.0760 Second Target: 1.0745 This would suggest a shift in momentum and potential downward correction. Technical Indicators: RSI (Relative Strength Index): The RSI calls for a new upward leg, showing buying strength and bullish momentum. MACD (Moving Average Convergence Divergence): The MACD is positive, supporting the bullish configuration. Moving Averages: The price is trading above both its 20-period and 50-period moving averages, reinforcing the positive outlook. Price Action and Trends: Above 1.0775: As long as the price remains above this pivot point, the upside trend is expected to prevail, potentially targeting 1.0805 and 1.0820. Below 1.0775: A break below this support level would invalidate the bullish scenario, opening up potential losses toward 1.0760 and 1.0745. This would indicate a shift in momentum, suggesting a corrective move in price action.
by CharivapaAlgo