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Eurusdtrend

EURUSD Double Top Chart PatternThe EUR/USD pair may face potential downside risks as a bearish outlook emerges, primarily due to the formation of a double top pattern on the 1-hour timeframe. This pattern typically indicates a potential trend reversal and suggests that the buying momentum may be weakening. With the double top pattern in place, there is a higher probability of a downward price movement in the EUR/USD pair. The first target of 1.0840 indicates a potential decline towards that level, while the suggested stop loss at 1.0954 acts as a safeguard against further losses. Looking forward to read your opinion about it!
Short
by TopgOptions
2
Eurusd Pulls up to end the week 📺The Weekly candle has flipped bullish with NFP data as I outlined as a possible scenario in yesterday's publishing and appears to be now headed towards 1.096 Daily resistance zone( Also the other side of the daily range). We are currently above 1.091 daily resistance zone and closed at this level with the 4hr candle. The 4hr candle closed quite strongly bullish. We have done a retest at our previous 4h resistance zone(1.09) which has just acted as a support level 40 minutes ago. We are seeing a bullish push to end off the week here and I think it may continue towards 1.0936 and 1.096 Daily resistance zone. We are consistently holing above 1.091 daily resistance zone and the 4hr close has given us confirmation that we may continue up. We have now gotten 2 1hr candles and 1 4hr candle close above 1.091 daily resistance zone. It may act as a support now after we have recieved candle closure confirmation on the 1hr/4hr timeframes. I was originally looking for sell positions on Eurusd with NFP. Instead we saw that —> 1) I Identified that NFP data was expected to decrease overall from the prior period ( Not a positive for USD) 2) The data was worse than what was forecasted by analysts' ( Not good for USD) 3) Price printed a strong daily candle closure back inside our daily timeframe range with yesterday's daily candle. Our daily timeframe range being between 1.085-6 Daily Support and 1.096 Daily Resistance 1 Trade today. Buy Stops with NFP Explanation : So price created a Daily resistance zone on Monday. On Tuesday it respected the daily resistance zone and moved down accordingly. I placed my buy stop position above this high of Tuesday's price. One position closed for +8 Pips, Other position closed for +9.3 Pips 💰. My target was the next 1hr resistance zone as we noted in yesterday's publishing at 1.0936. I secured partial positions and extend my Take Profit to 8-10 Pips during news trading and Lowered my position size accordingly. Data
Long
by ShrewdCatfx
Thoughts on Eurusd Prior to July NFP!📢Another video reflecting on what's occurred in the last 24 hours, our current key level's, and thoughts prior to July NFP data. In the previous publishing I talked about how we should anticipate a pullback from the lows of structure. Price did indeed pullback for 1.08370 4hr support zone and did so throughout london all the way back to our key 1.09 4hr resistance level. With New york session open ( which was accompanied by ADP and Unemployemnt cliams data) price did a continuation of our previous downtrend on the week. I outlined yesterday that the market often uses Red folder news releases as a catalyst for a continuation of momentum. Throughout the week it's easy to identify that we've had bearish pressure and no wonder this is what we observed. It appears though that players took profit and price once again pulled back up from the lows of strucutre after we saw a continuation occur with news. What a volatile day it was today with plenty of opportunity. Expected nothing less of another Thursday in the markets. I did not participate since I've already reached my goal on the week but it is quite fun to observe from the sidelines. What to look for : If price pulls up towards 1.09 and 1.091 daily resistance level, observe how candle's close around there. This may clue us on what may occur with NFP. As the weekly candle pulls back up on thursday and once again back into our daily range, I can see a potential increase for Friday's candle to end the week. Price looks like it's squeezing on the Daily timeframe and we may be awaiting an increase back to 1.096 daily resistance and 1.1024 in the coming day and moving into next week. If price pulls down and then back up prior to nfp data , I may be looking to set a sell stop with NFP data.
Long
by ShrewdCatfx
2
EURUSD: holds lower ground near 1.0900?The EUR/USD bounced back above 1.0900 after weak US data was released during the American session. With US holidays on Monday, the market is expected to stay calm. However, the Greenback is losing its strength and upcoming employment data and the release of the FOMC minutes will be crucial in determining its direction. On Monday, economic data revealed a downward revision in the Eurozone June Manufacturing PMI, with the headline figure dropping from the initial 43.6 to 43.4. The Service sector data will be published on Wednesday. Despite the weak numbers, the European Central Bank (ECB) plans to increase interest rates at the next meeting on July 22, as inflation remains high. Additionally, the likelihood of another hike in September is over 50%.
Long
by Sphyn-Trader
6
Thursday Daily Candle Incoming 🤯--> Continuation ( 6 minutes video 😎 ) As We approach the end of the week, We may observe alot of momentum! My mentors always told me that the market is setting up early in the week. The avalanche later in the week will provide plenty of opportunity for the disciplined trader to implement a trading system. Price was at 1.08892 during our last publishing 24 hours ago. Price consolidated during Asian and London Sessions before gaining enough liquidity to see a breakout to the downside. Price is currently headed towards 1.08384 where we may see a bounce as we head into london session. If not then price is headed towards 1.081 4hr support zone as our next bearish target. Price has confirmed a breakout to the downside and I'm anticipating a pullback before my sells. If not then I anticpate a pullback with our 4 news releases tomorrow durng new york session. We could see all three sessions be bearish and it s thursday so I wouldn't be surprises. Must keep this in mind and plan for every scenario. I've outlined that good pullback prices look to me to be arouns 1.08628-1.0875 I've already met my weekly goal of 2% and I am quite a happy camper. 2 Weeks ago I recall I was up about 2.5% (.5% more than my goal) and I trade on a friday where I proceeded to give back 1/3 of my profits on the week. What a sour taste it left in my mouth to end off the week! Don't want to do that again so I will be publishing ideas and content for my channels to end off the week. If you enjoyed the Video Analysis, please let me know by leaving a Rocket or comment! -- ShrewdCatFx
Short
by ShrewdCatfx
4
Eurusd Multi-timeframe Analysis 1W -> 1Hr ( Video 📹) Hello traders, Welcome to this free Multi-timeframe analysis. Eurusd is the only market I trade and I thought that maybe I can bring more value with this educational video analysis. Eurusd has low volume coming out of the bank holiday as expected. Do not blink though because we have a full plate of fundmanental news to end off the week with fed meeting minutes being released during late NY session tomorrow. With the Lack off bottom wick we can observe on the previous Daily candle I see another increase on Eurusd towards the top of the daily range (1.096) as long as we can stay above 1.086 Daily support level. If I'm going to be honest, zones are looking a bit messy to the upside when we get around 1.092. With have a very nice 36 pips range to fill to the downside to 1.08382 4hr support zone if our Daily support doesn't hold. We must keep in mind news can take price anywhere despite the messiness and cluster of our zones. So anything can happen and we must be preprared for both scenarios. This was my previous publishing of Eurusd prior to PMI data release on Monday. (One of the scenario's pointed us back towards 1.08761 1hr Zone) Current price 1.0884
Long
by ShrewdCatfx
SasanSeifi 💁‍♂️EUR /USD 👉1H🔻 1.084 / 1.080 Hey there, buddy!✌ ◼In the 1-hour timeframe, we can see that the price has dropped from the significant resistance level at 1.10 and is currently fluctuating positively, trading around the price range of 1.084. It is currently being traded at 1.094.💹 ◼Here's a possible scenario to consider: If the price manages to stay below the resistance levels of 1.095 / 1.098, we may see a more significant correction toward the support range of 1.084 / 1.080 / 1.078. To gain a better understanding of the price's future movement, it's important to observe how it reacts to these resistance levels.💹 On the other hand, if the price consolidates above the resistance levels, there is a higher chance of further growth.❗ ⭕Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach. 🔹Wishing you loads of success in your trading adventures, my friend❗ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌ And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
Short
by SasanSeifi
2
EURUSD: Unemployment data and impact!The EUR/USD lost points for the second consecutive day on Thursday, dropping below 1.0900 due to the stronger US dollar, which was driven by robust economic data. In the Eurozone, inflation data was mixed, showing a slowdown in Spain and a recovery in Germany, which was not surprising. Thursday's data revealed a slight increase in Germany's inflation in June, with the annual rate rising from 6.1% to 6.4%. Analysts have pointed out that the increase is believed to be due to energy and transportation cost cuts, without which inflation would have decreased. Looking at the details, the slowdown in inflation still seems to persist. On Friday, Eurozone Consumer Price Index data will be released. European Central Bank officials have made it clear that interest rate hikes will occur in July, as inflation remains high.
Long
by Sphyn-Trader
6
EurUsd -> Triangle Pattern SpottedHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just retested and already started to once again reject a major previous weekly resistance area at the $1.10 level. You can also see however that weekly market structure is still overall bullish, EurUsd is still creating higher highs and higher lows and we do have a strong bullish trendline coming in at the $1.07 level which could act as support, so I am now just waiting for a retest of this support line before I then do expect another rejection towards the upside. On the daily timeframe you can see that EurUsd is now actually creating an obvious symmetrical triangle continuation pattern and is currently rejecting the resistance trendline towards the downside so from the current levels I first do expect more downside and then I do expect a rejection away from the support trendline at the $1.075 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
29
EURUSD: Market continues to move in a downtrendEUR/USD declined on Wednesday, quickly reaching below 1.0900 and then rebounding in the US session, cutting losses. The Euro is still supported by expectations of interest rate hikes by the European Central Bank (ECB), reaffirmed by Lagarde's comments. At the same time, bets on interest rate hikes increased in July from the Federal Reserve (Fed), supporting the US Dollar. Inflation data from the Eurozone has started to be released. Italy's harmonized consumer price index slowed down from 8% to 6.7% in June. On Thursday, Spain and Germany will report inflation, and on Friday, the Eurozone's Consumer Price Index (CPI) will be due. The headline EZ is expected to decrease from 6.1% to 5.6%. Another report released on Wednesday showed a decline in the GfK Consumer Confidence survey, with a drop from -24.4 to -25.4. This is the first decline since October.
Long
by Sphyn-Trader
7
EURUSD: ECB President Lagarde Speaks!The EUR/USD pair is taking a break around 1.0960 after posting its biggest daily gain in a week during a two-day rally. This suggests that the Euro has been boosted by hawkish comments from European Central Bank (ECB) officials the previous day, while paying little attention to optimistic US data. However, cautious sentiment ahead of key speeches from top central bank figures including ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell at the ECB Forum in Sintra has further fueled the currency pair's price increase.
by Sphyn-Trader
EURUSD: Good signals in the time of economic instability!The EUR/USD pair starts the week on a positive note, moving away from a one-week high below mid-1.0800s. Spot prices trade around 1.0900 during the Asian session. The US Dollar struggles to capitalize on its recovery gains and faces some supply on Monday. Business activity in the US fell to a three-month low in June, according to S&P Global. Services growth eased for the first time this year, and the manufacturing sector contracted further. This, along with a slight decrease in US Treasury bond yields and a positive tone in US equity futures, weakens the safe-haven Greenback.
Long
by Sphyn-Trader
17