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Eurusdtrend

Review of Eurusd's Price Behavior, Fav Prices, & Looking ForwardIn this Multi-Timeframe Analysis Video ⬇️ 0:0 Monthly timeframe 1:08 Weekly timeframe 2:15 Daily timeframe 4:25 Bias for next trading day 4:46 4hr timeframe 7:08 1Hr timeframe I go through multiple timeframes breaking down what's occurred on EurUsd over the past day and what I'm looking for moving forward to unemployment claims tomorrow and ultimately Interest rates next week. I'm suspecting that we may continue to pullback bearish in favor of the USD or at best range on Eurusd as 4hr bear market structure is develpoing and the daily candle just closed below the previous 3 Daily lows. I am enjoying these videos and thus far it is being well received by the community.
Short
by ShrewdCatfx
2
Review of the July Breakout 📨 / EurusdIf time permits you, I have a longer video analysis here of the past Breakout on Eurusd. weekly tiemframe 1:45 Daily Timeframe 4:16 4hr timeframe 7:02 1hr timeframe & news events 9:47 In this Video I breakdown the July Breakout for Eurusd that has extended from 1.09 to 1.127. A 370 Pip move in approximately 1.5 weeks. Our key fundamental cpi release was a major catalyst for us to breakout of the range we've been in Since January of this year. The CPI was views as a risk on news release and the markets have responded in an optimistic way as the dollar is being sold off for more risk on assets like the Euro. We have momentum on the weekly and monthly timeframe here as so I'm bullish here. We do have interest rates next week and it is pssible we may continue to consolidate or even pullback just a bit prior to a Bullish Eurusd interest rates push towards 1.146 weekly resistance zone. We do have a few daily resistance zones to be aware of in the short term such as 1.137, 1.1324, and the current daily zone that we are rejected 1.1272. We rejected this zone with london price action and retail sales data earlier today. The Daily candle closed bearish with a large top wick. I'm not completely sold on taking sells though, no pun intended.
Long
by ShrewdCatfx
4
EURUSD: Downtrend in an uptrend!The EUR/USD pair traded calmly within a range of 50 pips on Monday, maintaining its upward momentum. After meeting buyers around 1.1200 early in the week, EUR/USD fluctuated around the 1.1240 level as the US session ended. The optimistic sentiment was partially overshadowed by warm data from China, as Q2 GDP missed expectations by printing at 6.3% YoY. Despite scarce macroeconomic calendar for the rest of the day, the US dollar remained weak, especially during the US trading hours. Support levels: 1.1180 1.1150 1.1110 Resistance levels: 1.1250 1.1295 1.1230
Short
by Sphyn-Trader
18
EurUSD short Swing Idea (updated)Key Resistance Level: This zone marked on chart historically acted as a significant resistance level in the EUR/USD pair. While the overall trend might be upwards, targeting a reversal from this resistance level can be a viable strategy. Price action near this level could trigger a bearish reversal or increased selling pressure. Overbought Conditions: Assessing the overbought conditions on technical indicators like the Relative Strength Index (RSI) can provide insights into potential reversals. If the RSI is in overbought territory (above 70), it suggests that the market may be due for a correction or reversal. Bearish Candlestick Patterns: Monitoring bearish candlestick patterns, such as shooting stars, bearish engulfing patterns, or evening stars, can provide additional confirmation of a potential reversal. These patterns indicate that selling pressure is increasing and a reversal could be imminent. Fibonacci Retracement: 61.8% Fibonacci levels often act as resistance during reversals and may present opportunities for short positions. Fundamental Analysis: Economic Data: Keeping an eye on economic data releases from both the Eurozone and the United States is essential. Positive economic indicators from the United States, such as strong GDP growth or better-than-expected employment figures, could strengthen the US dollar and potentially trigger a reversal in the EUR/USD pair. Central Bank Policy: Monitoring statements or actions by the European Central Bank (ECB) and the Federal Reserve (Fed) is crucial. Any indications of a shift towards tighter monetary policy by the Fed or looser policy by the ECB could influence market sentiment and potentially contribute to a reversal in the EUR/USD pair. Sentiment and Risk Appetite: Market sentiment and risk appetite play a significant role in currency movements. Any changes in global risk sentiment, driven by factors like geopolitical tensions or economic uncertainties, could lead to a shift towards safe-haven currencies such as the US dollar, potentially favoring a reversal in the EUR/USD pair. Conclusion: While the overall trend of the EUR/USD pair might be upwards, a short position from 1.12747 to 1.13420 can be considered as a potential reversal opportunity. Monitoring key resistance levels, overbought conditions, bearish candlestick patterns, and employing Fibonacci retracement levels can help identify potential entry points for a short position. Additionally, keeping an eye on economic data, central bank policies, and market sentiment is crucial for assessing the probability of a reversal. Remember to manage risk effectively and adjust your strategy if market conditions change.
Short
by realtrademaster
EURUSD - Long from discount zone ✅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 long from discount zone. My point of interest is if price makes a retracement to fill the imbalance lower and to reject from bullish order block + institutional big figure 1.10000 Fundamental analysis: Upcoming week on Tuesday will be released monthly Retail Sales, which is forecasted to increase, if the result will be positive, we could see the retracement. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
EURUSD: refreshes multi-month top above 1.1200The latest minutes of the European Central Bank (ECB) meeting have been released, stating that the Governing Council may consider raising interest rates beyond July if needed. This aligns with recent statements made by President Lagarde, and a hike in July is already expected. However, data from Thursday's release showed that Industrial Production in the Eurozone only grew by 0.2% in May, falling short of the market expectation of 0.3%. The European Commission will also release economic growth forecasts and trade balance data on Friday.
Long
by Sphyn-Trader
15
EURUSD Possible HUGE Bullish Peak? READ FULL TEXT FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD EIGHTCAP:EURUSD CAPITALCOM:EURUSD BLACKBULL:EURUSD ACTIVTRADES:EURUSD VANTAGE:EURUSD FX_IDC:EURUSD - Welcome, traders! Make sure to follow my profile for regular market analysis. Today, we're diving into the technical analysis and forecast for the EURO versus the USD pair. So let's get started! Here's my analysis for July 13-14 in the 1H Timeframe: The EURO USD pair has taken off like a rocket after the release of the CPI data. The Euro's momentum seems unstoppable at the moment, and following the market trend is the only logical choice. If we take a look at the DXY, the Dollar Index, it's clear that sellers have dominated since the release of the Non-Farm Payrolls report (NFP). The fall in the DXY continued even after the CPI data, and it broke through its last support level at 100.80. If the downward pressure persists, the DXY could head towards double-digit figures, indicating a weaker USD. Examining the chart, we can see that 100.80 was the only support level on the DXY chart, and the price is currently trading below that level. If the fall continues and the market pressure remains, we can expect the DXY to face further challenges. The next resistance levels to watch out for are 100.1 and 100. The situation looks quite challenging for the DXY right now, and based on the chart analysis, the fall is likely to continue. However, it's essential for traders, especially beginners, to avoid gambling with their trades. We have already witnessed several impactful news releases in recent days, and it's advisable to close all dollar positions before major news events to safeguard stop losses. In extremely volatile markets, stop losses may not function properly due to slippage, so it's crucial to exercise caution and not take unnecessary risks with your hard-earned money. Now, let's shift our focus to the EURO versus USD forecast. The market structure for the EURO USD pair indicates a strong bullish trend, with the price currently near the top. In this type of market, buying on retracements should be the primary trading strategy to follow. The fifty-day moving average is acting as a dynamic support for the market, indicating potential buying opportunities on pullbacks. However, given the current bullishness of the EURO USD pair, a significant decline might be unlikely in the short term. The next dynamic support level, the fifty-day moving average, is quite far away, around 1.060 and 1.050. While theoretically, this level presents an ideal area for a buy position, the chances of the market coming down to this level in the near future are slim. Therefore, it's crucial to keep a close eye on this specific level and patiently wait for the market to show some downward movement over the next few days. Considering the prevailing bullish momentum, there's a good possibility that the previous resistance level at 1.100 will now work as a support level for the EURO USD pair. OANDA:EURUSD If the market retraces and bounces from this level, it could present an excellent buying opportunity for traders. Therefore, it's important to keep this support level in mind and be prepared to take advantage of potential retracements. Buying on retracements remains the best trading strategy in this current market condition. However, it's worth noting that the ideal level for a buy position, the fifty-day moving average, is relatively far away. This emphasizes the importance of managing risk strictly to protect your trading capital. On the other hand, if the market doesn't experience a significant retracement and continues its upward move, traders can consider buying above 1.500. Nonetheless, it's crucial to adhere to strict risk management principles in such cases. When taking a buy position further away from the area of value, it's important to be cautious. In the event of a false breakout, strict risk management will help avoid significant losses. Consider using a smaller lot size to mitigate risk. That's all for today, fellow traders. I hope this technical analysis and forecast for the EURO USD pair provided you with valuable insights. Remember, always follow proper risk management techniques and be a trader, not a gambler. Protect your hard-earned money and trade wisely. Thank you for reading, and stay tuned for more market analysis and trading insights. Until next time, happy trading!
Long
by harfi7520
EURUSD: keeps gains near 1.1150Yesterday, the US Treasury yields fell, leading to a surge in stocks on Wall Street. This boost in risk sentiment further weakened the US Dollar. On Thursday, the US Producer Price Index report will be released, which could either confirm the soft inflation trend or reveal something unexpected. Meanwhile, the European Commission is set to release its economic forecast and Industrial Production data for May, and the Eurogroup will have a meeting. In addition, the European Central Bank (ECB) will release the minutes of its latest meeting. Considering recent market activity and the changing expectations of both the Fed and ECB, volatility is expected to remain high in the next session. This means that the pair could either see significant gains or experience major corrections, making it vulnerable to both scenarios.
Long
by Sphyn-Trader
8
Bull Trend Continues as EUR Dips Remain in the 1.10 Zone!I hope this email finds you in high spirits and enjoying the exciting world of forex trading! I'm thrilled to share some fantastic news that will surely make you smile. The bull trend in the EUR/USD pair shows no signs of slowing down, with EUR dips consistently remaining in the 1.10 zone across all time frames. But wait, there's more! I predict this upward momentum will soon push the EUR into the coveted 1.11 zone. Isn't that remarkable? It's time to gear up and seize this incredible opportunity that lies before us. So, what does this mean for you as a Forex trader? It's simple - you should continue to long the EUR/USD pair with confidence and enthusiasm! The market conditions are favorable, and the potential for profits is too good to ignore. By capitalizing on this bullish trend, you can reap substantial rewards. Remember, success in forex trading often comes to those who dare to take calculated risks and stay ahead of the curve. Now is the time to be bold, embrace the positive market sentiment, and make the most of this exciting run. In conclusion, my fellow forex traders, let's celebrate this remarkable bull trend and the promising EUR/USD pair performance. It's time to take action, stay optimistic, and continue to long the EUR/USD pair with confidence. Together, we can ride this wave of success and achieve our financial goals.
Long
by bryandowningqln
2
EURUSD Long Term Trading IdeaHello Traders In This Chart EURUSD HOURLY 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 - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a short retracement and then to reject from bullish order block 1.09000. Fundamental analysis: This week on Wednesday will be released monthly and yearly CPI on USD, as well on Thursday monthly PPI on USD. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD