EURUSD GOING LONGEURUSD is currently between two zones, support and resistance. At the moment the market is at the support so we are expecting it to come and retest the order block before it goes bullish to our residence. And my Moving Average is also confirming that we are going long but it first needs to be restested.
Eurusdtrend
EURUSD Longs from 1.09000 up to 1.10000EURUSD is looking very good in terms of entering high quality POI's and it is following the temporary bullish trend very well. So from this we will try to catch pro trend trades up to the daily supply or ideally the 8hr supply zone on top of it. As of now, price has created a small BOS to the upside so I will be waiting for a small pull back to the 12hr demand in order to buy up.
As price Is near a decent amount of liquidity I would like to wait for a clean CHOCH and for a spring to take out any remainder asian lows for me to consider a buy opportunity. However, as there's major news this week like NFP, so I would approach any potential setup with caution and lower my usual risk size.
Confluences for EURUSD Buys are as follows:
- Temporary trend for EU is bullish and this follows the trend as well as the DXY bias.
- In order for price to make a bearish move it will have mitigate the daily above or the 8hr supply.
- There's asian high above that hasn't been taken which is liquidity that needs to get swept.
- Price keeps breaking structure to the upside and candles on HTF are very bullish.
- Momentum is starting to slow down as it has currently reacted to a 4hr supply.
- In order for price to continue going up it must come down in the form of a pullback so we can create a new leg to the upside.
P.S. The Wyckoff accumulation is still pending as I'm waiting for price to mitigate my zone, sweep liquidity and change character to the upside. I am also aware price could fall lower due to the ineffeciencies below and then tap into a cheaper zone for buys back up.
EURUSD I Pullback and more potential growthWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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EURUSD: Potential to turn BEARISH!Thd D1 swing structure is bearish, having made a bearish BOS externally. Internally, price is bullish, having successive iBOSs to achieve the pullback to an internal LQ target.
Price has reached a premium supply zone, a high probability location to look for a shift
in the market from bullish to bearish, starting the next bear leg to make the HTF LL.
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💡 GBPUSD: Broke the peak to create a higher peak➡️ GBPUSD broke the previous peak and created a higher peak, so the current structure of this currency pair is bullish so you can consider waiting for the price to recover and then buy.
➡️ Note that the momentum to break the previous peak area is not too strong, however, the price is already operating above the large time frame resistance area so we can buy up.
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Impulse Correction Impulse , Completed " 123 " Impulsive Waves at Fibonacci Level - 61.80% or Daily Demand Zone and Rejecting with Strong Bearish Price Action with Divergence in RSI. If it Rejects then Sell after Retest
Entry Precautions :
Wait for the Breakout or Retracement
🦈 EURUSD todayHello trader, have a good day ♥
EUR/USD stands tall near its highest level since August, around mid-1.0900s
The EUR/USD pair enters a bullish consolidation phase during the Asian session on Tuesday and oscillates in a narrow trading band just below mid-1.0900s, or its highest level since August 14 touched the previous day.
EURUSD Shorts to 1.08500 (Possibly lower)My bias for this week's prediction is for EURUSD to move bearish, As it has tapped into a strong level of supply. I will be waiting for wyckoff distribution to play out in order for us to catch sells this week. Simultaneously, the dollar has also tapped in to a demand zone which is expected to initiate a bullish reaction hence why I am bearish for EU.
The 16hr supply hold a lot of precedence as not only its on the higher time frame but, it has also caused a BOS to the downside which continued the overall bearish trend. Not only that but, the zone has also swept liquidity which is a good sign that this zone will get respected.
Confluences for EURUSD Longs are as follows:
- Price tapped into a 16hr supply zone that has caused a BOS to the downside.
- Overall price trend is bearish on the EURUSD chart.
- Imbalances left below to target which hasn't been filled yet.
- Lots of trendline liquidity to the downside and asian lows that's been left.
- Dollar (DXY) is inside a 5hr demand which I'm anticipating a bullish reaction from.
- Price has steadily approached the zone with weaker bullish candles indicating that bullish pressure is exhausted and over bought.
P.S. I would love to see the asian high inside the zone get swept first in the form of a UTAD for a better confirmation of a sell but we will see what price does on Monday. Usually its a slow day however, I will be waiting for a clean CHOH on the lower time frame to give me a better insight of when price wants to expand to the downside.
EURUSD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I wait price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.07000.
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EURUSD time frime 1dHI guys . today i show you my first post on EURUSD . AS you can see. we are in an uptrend . but the general trend is down . as you can see .i have a QML model and the beginning of the entry of those with long-term selling deals . be careful of this area because it is considered very important in making the right décision
EURUSD: The US inflation report stirred optimism about balanced Tuesday's dovish US inflation report increased confidence that the Federal Reserve can effectively manage consumer prices without harming the economy. This so-called "Goldilocks" scenario is neither too hot nor too cold and is considered beneficial for both stocks and bonds.
The asset class posted strong gains in November after continued uncertainty, fueled by expectations that the Fed was unlikely to raise rates further, leading to market volatility. School from early 2022.
Inflation statistics released on Tuesday confirmed this view. For the first time in more than a year, consumer prices remained steady month-on-month in October, a softer result than analysts expected. At the same time, there is little evidence that tighter monetary policy is causing significant harm to the economy, supporting the view that prices can continue to cool without hindering growth.
Eric Kuby, Chief Investment Officer at North Star Investment Management Corp, commented on the market reaction to these developments. "The broader market has been challenged with this consensus negative view on both recession and inflation," Mr. Kuby said. "The reality is telling a different story. This is a Goldilocks moment for the entire market. ”
The data prompted strong gains in stocks and bonds. The S&P 500 rose 1.9% on the day, its biggest single-day gain since late April. The index is up 9% from its October low. The benchmark 10-year Treasury yield, which is inversely correlated with bond prices, fell to its lowest level since late September, more than 50 basis points below the 16-year high it hit last month.
In response to the inflation report, federal funds futures traders said Tuesday that the Fed would avoid further rate hikes and expect to cut rates by about 100 basis points in 2024, up from a 75 basis point cut expected before the report. I expected it.
Taking the short train ride in EUR/USD. Destination : 1.07 Hello traders and the entire Tradingview community! EUR/USD was propelled to the atmosphere yesterday by the weak CPI data from the US. Well, if you know, data is just an excuse, the big banks and institutions tuned their algos perfectly to smack us, retail traders, in the face with the 200 pip bullish move :P
But, we are not going to give up that easily now, are we? The buying algos are done for now and it is time to take a dive. So, I already have a couple of sell positions at 1.0870 and 1.0885.
All, we need is big strong bearish candle to break the 1.0860 zone and we will be in for a bearish ride.
Targets at 1.0710, expecting EUR/USD to reach it by Friday.
EURUSD → Next on the upside comes 1.0945FX:EURUSD surrenders part of the recent advance to three-month highs just below 1.0900 the figure on Wednesday.
The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.
So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
EURUSD Possible buy zone!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD with WillsonnnnHello guys, a good day!
Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 1.0655 minor support, and sustained trading below 55 4H EMA (now at 1.0664), will argue that the rebound from 1.0447 has completed with three waves up to 1.0755. That came after rejection by 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). In this case, intraday bias will be turned back to the downside for 1.0447/0515 support zone. Nevertheless, strong bounce from current level, followed by decisive break of 1.0764, will bring stronger rally to 61.8% retracement at 1.0958 next.
EURUSD with WillsonnnnEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
💡 EURUSD: Any opportunities for SellSellers in the EURUSD market have not managed to breach the 1.065 support level, indicating that the upward momentum could be a sign of a reversal, and there's a possibility of a return to a bullish structure. If you currently hold a buying position, you may consider maintaining it. Additionally, it might be worth contemplating adding to your position if the price surpasses the 1.0720 resistance level.
EURUSD Longs from 1.06400 to 1.07400 (possibly higher)This week's analysis for the EURUSD is similar to GU however it has some slight differences (at the end of the day they are different pairs with different characteristics.) In terms of current price I see the market consolidating just before the CPI event before making its decision.
So I would wait for price to either sweep liquidity below and tap in the (18hr) demand or, sweep the liquidity above and mitigate the (8hr) supply. But as we can use the dollar as a confluence I would be expecting it to rise a little then drop, so for the EURUSD I'm expecting it to tap in the demand first to buy back up to the supply zone above.
Confluences for EURUSD Longs are as follows:
- Price has formed higher highs and higher lows which is the clean structure of an uptrend.
- Price has left a clean unmitigated demand zone on the 18hr that I can buy from.
- Price has slowed down momentum and is ranging which is building liquidity for my potential buys this week.
- The dollar index also matches up with the bias as the DXY is expected to rise a little more, to then continue another bearish move to the downside.
- Demand zone has also broken structure to the upside and price has filled in the imbalances from the previous weeks.
P.S. I am more leading towards longs similar to GU so won't be surprised if it doesn't go as low as the demand zone marked, but keeps rising in order to mitigate the supply and sweep that liquidity below it. So for me, I would ideally wait and see as I don't see an imminent trading opportunity for Monday hence, why I would wait after CPI Tuesday to give me a better understanding of what direction this market wants to go in.
EURUSD ANALYSIS AS PER WAVE THEORY AND DEMAND SUPPLY
We have a Wave 1 complete and Wave 2 is in formation as it's a retracement in Lower Degree.
6 Months Source Supply to Annual Destination Demand is the start and end points of the downtrend.
Monthly Supply to short till the Annual Demand.
ENJOY THE RIDE ! ! !