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Eurusdtrend

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
EurUsd Dives to the Sea Floor?🌊 🤔Despite missed consumer confidence on Tuesday, Eurusd has been tanking and continuing the higher timeframe momentum. 0:0 Monhtly timeframe 2:56 Weekly timeframe 4:55 Daily timeframe 6:50 4hr timeframe 8:55 1hr timeframe 12:40 Bias We may also observe that the market is pulling down into the close of the monthly candle. The same concept which you may hear me talk about with the weekly candle pulling down or pulling bak into the close of a weekly candle.. just on a larger scale. The Monthly candle here has pulled down 165 pips into the candle close vs on the weekly timeframe we may observe a 40-80 pip move into the candle closure. Now we have seen quite the move down and there were a few traders looking to take longs at the beginning of the week, little early but i think the time is nearing for a possible pullback with london or NY session. This is because we observed quite a large volatile move to the downside. Asian session has pulled up when typically it has been pulling down across the past few days.. foreshadowing possible retracement. Either way, flexibility is one of the best qualities to exercise as a scalper. We will be open- minded and patient with entries and exits when approaching risk. We have reached a psychological number and this coincides Eurusd approaching the lows of the year at 1.08486. Our next tsrgt for shorts is 1.04609 daily level. Our retracement target is 1.05419 or 1.056 4hr resistance level. GDP is anticpated to be good for the USD so this could provide a catlayst for a bear continuation. If it misses , then we may anticpate a retracement. This is the logical approach, but we all know the market isn't always logical but often irrational. If you've read this far, leave a comment and a rocket and I will see you in the next analysis. Cheers.
Long
by ShrewdCatfx
4
EURUSD Trade IdeaThe EURUSD has currently reached a crucial support level after a significant downtrend. It is now apparent that the price is over-extended, suggesting a potential retracement in the near term. Our strategy involves opening a short position if the price retraces into our predefined sell zone. I typically take a conservative approach to position sizing, allocating around 0.2% of my account balance to each trade, with a maximum exposure of 2% at any given time. Please keep in mind that this information should not be interpreted as financial advice, as trading carries substantial risks. It is crucial to prioritize the implementation of robust risk management strategies.
Short
by fxtraderanthony
Euro Still in a Bearish Outlook with upcoming CPI In the upcoming week, my outlook on the Euro remains bearish. However, it's important to note that we have the Consumer Price Index (CPI) report scheduled for release this Wednesday, which adds an element of uncertainty to the market. Currently, I am closely monitoring two possible scenarios. The first scenario, which I personally prefer, is represented by the purple path. In this scenario, I plan to sell the Euro at a specific level with lower time frame confirmation of market structure shift. However, I intend to keep my risk exposure low until the CPI release. The second scenario, the green path, is one I hope to avoid. I view this path as less favorable, as I am considering a SMT Cable (GBP/USD). However, if the Euro does rise along this path, I will again look to sell from that point with lower time frame confirmation. My primary goal for the Euro remains on the downside. In the coming week, we'll patiently observe how the market unfolds and which path it chooses. For intraday traders, it's essential to keep in mind the CPI release, as it can significantly impact market dynamics.
Short
by Crypto_Byte9
Momentum in a Bearish market 🪜EurUsdWhen the Market trends down, support zones become resistance zones after candlestick closure confirmations. 0;0 Monthly timeframe 1:15 weekly timeframe 4:15 daily timeframe 9:00 4hr timeframe 11:45 1hr timeframe 14:00 Bias If you are new to the markets, that last sentence is probably a bit confusing. But really all it sums up to is that the market moves down in methodical steps. This may not always be the case however... Similar to a ladder and different from a silde. The market will drop suddenly and slide deeply in a panic similar to the Stock market crash of 2020 with Covid-19. All support level's failed and liquidity was swept through due to a change in fundamentals. The forex market has much more volume and therefore will not slide as easily vs the stock market which runs on lower liquidity. We are talking about medium-long term slides across days and weeks or even months. In the short term however, fundamental releases can cause the FX market to slide 10's of pips in a matter of seconds. Being inclined towards a scalping style, it is especially important to be aware of these short term slides which could wipeout a sizable portion of a trading account. Price action to begin the week: Weekly level 1.0663 is especially relevant and may facilitate a selloff back to the lows 1.0613. If we do push higher, we may tap into 1.0691 daily resistance level before seeing more selling pressure. 1.054 is the weekly bearish target for this week and our first stop will be 1.0576 daily level where we may observe some profit taking. Bullish targets on the week include 1.075 daily resistace zone. For this scenario, would prefer a daily closure above 1.0691 daily level.
Short
by ShrewdCatfx
2
EURUSD - Still bearish ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.07000. Fundamental analysis: Next week on Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4
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 Technical Analysis and Trade IdeaAnalyzing the EURUSD currency pair, we've detected a significant development: it has now reached a crucial support level following a substantial bearish trend. At this juncture, it becomes evident that the price is overextended, potentially indicating an impending retracement. In the accompanying video, we provide a comprehensive exploration of essential factors, including price action, market structure, and critical aspects of technical analysis. It is crucial to emphasize that the information presented in this content serves purely educational purposes. It should never be interpreted as financial advice. Hence, it remains of utmost importance to exercise prudent risk management strategies when engaging in trading activities.
Short
by fxtraderanthony
4
Make the opponent flinch, and you've already won - Musashi 📼 The market has been relentless to the downside over the last 2-3 months. 0:0 Monthly timeframe 2:00 Weekly timeframe 5:35 Daily timeframe 8:45 4hr timeframe 12:35 let's zoom out a bit 12:30 1hr timeframe 15:15 Bias Fueled by Inflation data and technical confirmations, the market has continued is descent time & again. Tuesday Wednesday and thursday have closed bearish. We have established momentum in the market and I believe it is likely that we contiue on this path to end the week. The weekly can may continue to pull to the downside as it is currently bearish and has a 77 pips top wick. The thursday daily candle closed bearish and we have a wick to go fill with momentum. The market set itself up early in the week as it was bullish on monday and observed bullish impulses on tuesday and wednesday. Thursday saw a continuation of the bear momentum established on wednesday and I believe we may also see a continuatiion on Friday. It is easier trading with the trend.. and they do say .. the trend is your friend. With that said, we must remain flexible when trading the markets and our success across time realy depends on our ability to adapt to the changing market conditions.
Short
by ShrewdCatfx
1
EURUSD - Look for a short ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block. Fundamental analysis: Upcoming week on Wednesday will be released Interest Rate on USD, followed by FOMC Press Conference. This is one of the most important news in America, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD