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Eurusdtrend

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.
Long
by Zenobia-Harte
1
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 ❤️
Short
by Arazmajeed
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.
Long
by ChartStrategist
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
Long
by ForexPlanet20
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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
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
Long
by finnova_
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
Long
by ShrewdCatfx
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 ❤️
Short
by Arazmajeed
4
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
Long
by Dion-FX
6
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 ❤️
by Arazmajeed
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.
Short
by Crypto_Byte9
2
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.
Long
by ShrewdCatfx
Potential Short on EURUSDPrice has broken the 1.05100 area, a retest of that same zone and its rejection to confirm continuation will be a good entry point. Be sure to see the rejection of zone and the continuation Better to let market tell you its flow and you respond to it rather than attempt to predict it. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Short
by Mbjoey
2
Monthly Candle pulls back for Closure? 🌛 EurUsdEurusd no mercy for the Monthly candle closure here. 0:0 Monthly timeframe 1:41 Weekly timeframe 3:57 daily timeframe 5:51 4hr timeframe 7:49 1hr timeframe 8:01 what happened during today 13:40 Bias for upcoming session Today we observed a V-Shaped recovery on Eurusd fueled by missed GDP data. We can also attribute the pulback to an over-extended DXY, profit-taking, and Fomo liquidity chasing the market down... Please let me know if you caught this retracement which I called out in my previous analysis about 24 hours ago. With that said, I'm anticpating an increase into the close of the monthly candle. I believe it can continue to pullback and create a larger bottom wick. The current size of the bottom wick on eurusd on the Monthly timeframe is 86 pips. Today price pulled back up and closed a solid bullish candle back above the weekly timeframe support level at 1.054 which was our original bearish shorts target on the week. To end the week, I wouldn't be surprised to see another bullish push after that bullish daily candle close that we observed today. This bullish push could extend to 1.06071 1hr resistance zone. We have clean traffic up to that level .. a 28 pip clean range. inflation data not expected to chang eover the previous data point.. could be catalyst to continue to pullback to the upside but if we are wrong.. it may act as a catalyst to pull back down towards 1.054 weekly support level or 1.053-1.052 area.
Long
by ShrewdCatfx
1
EUR/USD reversal underway, 1.0820 is the next level for bullsHello traders, if you followed my yesterday's idea in EUR/USD, you have probably bagged 120 pips profit as I gave a buy call in EUR/USD@1.0490-1.0510. However, we still have another 200-250 pips to go in the next couple of weeks. 📌In the daily chart, EUR/USD has rebounded from a crucial support level. 📌The path of least resistance now is to the upside. Price has already climbed above the moving averages in the lower time frames. 📌If case of any dips, I recommend buying EUR/USD with 1.0820 as the initial target. Ideal entry would be in the highlighted zone.
Long
by MarcellusLUX
9
Will we see a bullish reversal in EUR/USD? (300 Pips potential)As a trader, I have always looked at the fair value of assets that I am trading. This means I do not get carried away when the price of an asset falls or rises too quickly. This allows me to look for value and trade according. 📌EUR/USD breached the psychological 1.05 mark yesterday. 📌However, if we look closely at the chart, there is a fair demand at this level. You can check the highlighted level in my chart. 📌So, if the zone at 1.05 holds, we can expect price to reach 1.0840 over the course of the next couple of weeks. This gives us a potential long trade with 300+ Pips as target.
Long
by MarcellusLUX
22