Looking for buyersThe trend is still strong downtrend, but maybe will make some correction from minor support to testing again the SNR zone. Buying side are still weak, too choppy candles movements on H1 but on H4 market structure broke the minor swing high (choch), even on M15 candles also printing weak buying. Trade counter the trend on higher time frame is always risky, so I'll consider use smaller lot size.
Eurusdtrend
UPDATE EURUSD LONG/SHORT DAILYIn the previous analysis of this currency pair, we expected the price to rise when the downward trend line was broken
that according to the conditions of the dollar index, this currency pair failed to fill the moving step to rise, so we updated the drawn downward trend line
And we specified two scenarios for the price movement, according to the movement of the dollar index, which we examined in its own analysis, we plan our transactions in each of the possible scenarios that occur in the direction of the price movement.
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EurUsd retraces 📎 / CPI Data as catalystEurusd retraced 100 Pips today with Infaltion data as the catalyst for a continuation of higher timeframe momentum.
How Surprised can we be of a move to the downside with the Weekly/Monthly timeframes doing just that for the last 3 months.
The news release was stronger than what was expected for the USD. Inflation is increasing at a faster rate than expected. Let's buy the USD as a safe haven given these uncertain and troubled times..
Technicals : Large Bearish candle just printed on the Daily timeframe. The next Daily candle will likely have a bottom wick and is why it is still reasonable to look for a continuation play. That said, with the anticipated London session volume, we may expect a pullback to 1.054 weekly level or 1.056 before observng more bearish movement on Eurusd
EURUSDEURUSD:
DXY is likely to remain volatile due to NFP and other factors such as fear of recession is extremely high among investors. This is where USD remain almost bullish and in these kind of situations price tends to remain bearish on EURUSD.
We are waiting for price to come to our area of entry, where we can enter with 70-80 PIPS stop loss. The 'Target Profit' will remain same as it is described in the chart!!
EURUSD Long Term Buy Trading IdeaHello Traders
In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD BUYHi, According to my analysis of EURUSD pair, there is a good opportunity to buy as the pair exits the pitchfork. We also notice the break of support and resistance at the level of 1.06100. All of these factors confirm the control of buyers. For further rise towards the level of 1.07550. good luck for everbody
Bullish in the short term.Resistance Level 2: 1.0700
Resistance Level 1: 1.0650
Spot price: 1.0605
Support bit 1: 1.0560
Support bit 2: 1.0500
Yesterday on Tuesday (October 10), the euro rose 0.32% against the US dollar to US$1.06; the US dollar index =USD, which measures the US dollar against six other currencies, fell by about 0.15% to 105.79, which is far lower than the 11-month high set last week. High 107.34. Atlanta Fed President Bostic's latest remarks said the Fed does not need to raise interest rates further. Bostic told the American Bankers Association that the Fed's policies are already restrictive enough, and he also believes there will be no recession in the future and that the Fed's interest rate hikes will lead to an economic slowdown and lower inflation. The comments were made in part in response to the Israeli-Gaza conflict. Continued bloodshed in the Middle East and dovish comments from Federal Reserve officials have dragged U.S. Treasury yields sharply lower. The benchmark 10-year Treasury yield fell to an intraday low of 4.618% on Tuesday from a high of 4.887% on Monday. The market seems to be filled with expectations that the Federal Reserve will stop its interest rate hike cycle. In this market atmosphere, EUR/USD also took the opportunity to continue its recent rebound trend. On the daily chart, the exchange rate has crossed the middle track of the Bollinger Bands channel, and technical indicators have begun to rise, indicating that the euro's rebound potential is gradually gathering. However, due to the release of US inflation data this week, long-term euro trading is expected to be cautious. At the top, we should mainly pay attention to the suppression of the strong resistance level of 1.0650. If it can be broken through, the upward trend is expected to become obvious.
EURUSD 4H :support further declineEURUSD
New forecast
The EUR/USD pair presented mixed trades last Friday, as it tried to break the 1.0616 level but returned to holding below it again, waiting for the bearish bias to resume to test the bearish resistance around 1.0461 as the next main target.
Therefore, the downward trend scenario will remain effective for the coming period, supported by the bearish trend, keeping in mind that breaking 1.0562 will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.0550and support line 1.0461.
Additionally ,Today News will affect the market .
support line : 1.0487 , 1.0461
resistance line : 1.0550 , 1.0562
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD 4hr TFIt appears that EUR/USD may have reached a potential low point after being in a bearish trend for 80 days. Currently, it has closed above a recent swing level. I am patiently awaiting a breakout and subsequent retest of the channel before considering a move towards 1.07338. On the other hand, the DOW Jones is beginning to shift towards a bearish trend after 11.4 weeks of bullish activity. This shift may lead to upward movements in gold, silver, and EUR/USD.
There are several converging factors to watch for a buying opportunity once EUR/USD breaks out of the channel.
EURUSD Long Term Buy Trading IdeaHello Traders
In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are still bearish, so I am looking for a short position. I want price to continue the retracement to take out buy side liquidity and to fill the imbalance higher, then to reject from bearish order block + institutional big figure 1.07000.
Fundamental analysis: Upcoming week we have a lot of news on USD, on Wednesday will be released monthly PPI followed by FOMC Meeting and on Thursday monthly and yearly CPI. I expect we can see a decrease on CPI, which means strength of currency.
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EURUSD Analysis BULLISH Trend (4H-TF)EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for more than 40 day. It seems it will be going in bullish trend in upcoming week. trade might take 10-15 days to achive the target.
Reason :
Bullish Enugelfing candle from Strong Support level.
Taking support at support zone of 1-D timeFrame.
Very heavy volume takeover by bulls from fakeout to inside Zone.
Verdict :
Bullish trend seems to start
Plan of action:
Buy: 1.05968
SL: 1.05140
Target: 1.09893
NFP Surprises USD B____s ? ⁉️🚀 NFP .. NFP pulling back prior to NFP. If we don't reach my 1.05750 bullish target prior to NFP then we are going up with NFP. Different kind of Analysis today. I only updated my zones instead of doing a fresh top-down analysis
0:0 Previous price action
0:58 Higher timeframes
4:04 Bias for NFP
EURUSD 06/10 MovePair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame if it Breaks the Upper Trend Line then it will Reach Daily Demand Zone or Daily Descending Trendline and If it Breaks Daily Trendline then Long after Break of Structure with Divergence
EurUsd Strong as ever after botched ADP data ⚖️Solid Daily candle closure after not great ADP data.
0:0 Monthly timeframe
3:05 weekly timeframe
4:50 Daily timeframe
8:16 4hr timeframe
11:45 1hr timeframe
Not surprised.. Also not surprised to asian session move back to the highs from NY session earlier today. These are signs of bullish strength for EurUsd. We just recieved a solid 4hr candle lose with Asian session. Market structure filled to bullish with NY along with the Daily closure. We still have NFP data but it's in 32 hours. We may observe an increase prior to NFP and that's what I'm looking for on EU.
Few key level's we have here
1.0575 Daily level
1.0543 weekly level
1.0527 4hr level
1.05023 4hr level
1.0491 1hr level
1.04608 Daily level
EURUSD 4H : Still support further declineEURUSD
New forecast
Trading in the euro/dollar pair stabilizes below the level of 1.0510, and has been fluctuating along a sideways path since yesterday. Therefore, there is no change in the expected bearish trend scenario for the coming period, whose next targets are at 1.0440 and then 1.0408 after crossing the previous level.
The descending channel supports expectations of a continuation of the downward trend, keeping in mind that breaching 1.0516 will lead the price to achieve immediate gains and head towards 1.0550 initially so it is possible to do a retest to the level 1.0515 and then drop .
The expect range trading for today it will be between the resistance line 1.0516 and support line 1.0463.
Additionally ,Today News will affect the market .
support line : 1.0463 , 1.0440
resistance line : 1.0516 , 1.0554
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD MID-WEEK ANALYSIS-24/09/2023EUR/USD: Seizing Bullish Opportunities Amid Market Shift
A noticeable shift in market behaviour on EUR/USD, especially on the lower timeframes, has prompted me to shift my focus towards potential buy opportunities. Join me as we explore the emerging bullish outlook for EUR/USD and adapt our trading strategies to these evolving market conditions. Stay tuned for further insights and updates! 📈🌐 #EURUSDTrading #BullishOpportunities #MarketShift
EURUSD 4H : Try to retest and then dropEURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The EUR/USD pair shows further decline to exceed the 1.0516 level and settle below it, confirming the continuation of the bearish trend’s dominance in the immediate and short term, to continue the decline within the main descending channel that appears in the chart, noting that our next targets start at 1.0463 and extend to 1.0440.
The main descending channel supports the proposed descending wave, keeping in mind that breaching 1.0516 will stop the current negative pressure and lead the price to make some temporary upward correction.
The expect range trading for today it will be between the resistance line 1.0516 and support line 1.0463.
Additionally ,Today News will affect the market .
support line : 1.0463 , 1.0440
resistance line : 1.0516 , 1.0554
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Euro Market Analysis and Bearish Outlook for OctoberIn September, I had a bearish outlook for the Euro and successfully traded it, yielding over 250 pips in a month. The trade also provided numerous short-scalping opportunities as the Euro approached my higher timeframe target.
October Euro outlook
I still lean towards a bearish outlook for the Euro in October. I anticipate that the Euro may continue its downward movement and potentially reach the 2023 yearly low at 1.05140, with a monthly liquidity draw level at 1.03930 in mind.
Dollar Index (DXY) and Euro correlation
I have noticed that the Dollar Index (DXY) is currently trading in a sellside imbalance buyside inefficiency (SIBI) pattern from November 2022, and the Euro seems to be trailing behind. This suggests that if the Dollar continues its upward trend, the Euro may also continue its downward trend.
Potential consolidation
I also believe that after such a rapid descent in the Euro, the market may experience some consolidation. This means that the price of the Euro may move sideways or within a narrow range for a period of time before continuing its downward trend.
My trading plan
In light of my analysis, I am staying on the sidelines when it comes to the Euro for now. I will wait to see how the market unfolds in October and how the probabilities play out before making any trading decisions.
Understand Session to Session Behavior🏺EurUsd 1.It's early in the week 2. Alot of volatility already this week for EurUsd 3. Daily candle closed with no bottom wick denoting exhaustion 4. Asian session continuation to the downside here coinciding with daily support level 1.04627
0:0 Monthly timeframe
2:47 Weekly timeframe
4:51 Daily timeframe
6:52 15m timeframe
8:04 4hr timeframe
8:52 1hr timeframe
We moved down quite a bit today! Took some sells during NY session and jumped on the train to the downside. Is it a surprise that Asian session has continued that descent? We are at almost 2x ATR for EurUsd regarding the volatility today. London Session usually does some fakeout behavior and will likely retrace to gather some liquidity here.. There is always fomo liquidity in the market and my trading system depends on it.