Eurusdtrend
EUR/USD Longs from daily level of demand 1.10000My analysis for this week aligns well with both DXY and GBP/USD, as the dollar is approaching a major supply level. When the price reaches that supply zone, I expect EUR/USD (EU) to mitigate its daily supply, potentially forming a Wyckoff accumulation pattern. Once this pattern is completed, I plan to look for buying opportunities, potentially holding positions at an intraday level.
If the price retraces upward before mitigating the demand, I will consider selling from the supply zones I've marked, which are near the current price. Specifically, I will watch the 7-hour and 10-hour supply zones for potential short-term sell setups.
Confluences for EU buy opportunities include:
- The higher time frame trend is bullish, with a recent break of structure to the upside.
- A daily demand zone has been established, which also caused a break of structure to the upside.
- There is significant liquidity to the upside, including untouched Asian session highs.
- This trade setup aligns with the higher time frame trend, making it a pro-trend trade idea.
P.S. As it is NFP week, be cautious of increased volatility due to economic news later in the week. Stay vigilant and TRADE SAFELY!
EURUSD Technical Analysis and Trade Idea👀 👉 The EURUSD currency pair is currently displaying signs of price extension as it approaches a key support level. This technical setup suggests the possibility of a corrective move. Our strategy is focused on identifying trading opportunities, particularly if upcoming data releases affecting the EUR and USD are favorable later today.
This analysis should be viewed in the broader macroeconomic context. The recent interest rate hike by the Bank of Japan has introduced significant volatility into global financial markets. Consequently, traders should be prepared for sustained elevated volatility, which could significantly influence price movements and risk management strategies.
The convergence of these technical and fundamental factors presents a compelling trading scenario. However, it's essential to emphasise the importance of stringent risk management. Traders are strongly advised to conduct thorough independent research and carefully evaluate their risk tolerance before making any trading decisions.
Please note: This analysis is provided for educational and informational purposes only and should not be construed as financial advice or a specific recommendation to execute any trade. 📊✅
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD: Asian foreign exchange markets fell as the dollar recoveOther Asian currencies are also rising this week amid growing confidence that the US Federal Reserve will start cutting interest rates from September. But labor market data is weak. announced on Wednesday partly caused risk aversion, as concerns about a US economic recession returned.
#EURUSD: Swing Buy 400+ Pips, Buying Opportunity! FX:EURUSD
Price fell to our discounted buying zone, now we expect price to bounce from the our zone. Still we are awaiting a strong buying volume to kick in the market which will help us targeting our take profit zone. Please use accurate risk management and we wish you all the best. Good Luck.
Team Setupsfx_
#EURUSD: 400+ Pips Buying Opportunity! Do not miss outFX:EURUSD
Price is approaching our buying zone, from where we can expect a strong price rebound. Also, we have very important news coming up this week, NFP may have significant impact on the future of this pair. However, as we had mentioned previously that we cannot predict the news, we can only see the chart and analysis what is in front of us. Always, do not rely on economic news as none of us can predict. Instead, focus on our area of buying, if price do come to the region then wait for the rejection and with the confirmation you can take a swing entry.
**If you like our work please like, comment and follow us which will encourage us to bring you more educational ideas**
Team Setupsfx_
#EURUSD: 500+ pips buying opportunity | Ready Before NFP?Dear Traders,
Hope you are doing excellent, we have a solid swing buying, we have nfp coming up next week this will be decider for EURUSD future price movement. However, there is also a possinlity that price can do the early mitigation which will not be ideal for as we currently expecting price to drop a bit more before it bounce.
good luck
EURUSD will it pushes higher? **Monthly Chart**
EURUSD Last month's candle closed bearish after taking the previous month's high (May 2024) then sharply pushed and closed lower. However, this month's candle (Still active - July 2024) opened at the low of the range of the previous month only to push higher after it tested the demand zone around 1.06600 level. This has given a strong momentum for buyers to push the price at least towards breaking 1.1000 round number) supply zone.
* *Weekly Chart**
On the weekly chart EURUSD looks like it is in a large range between 1.06000 and 1.09150 from March 2024. The price attempted to break the high three times but it failed. This time with a close of a strong bullish candle last week, this suggests a continuation of the trend at least to break the high and test 1.1000 level. However, it is risky to buy at the high. So we will wait for a good retracement or corrective structure to provide us an opportunity to buy for another push to the upside. In this case, we will look at lower time frames for better risk-to-reward and good execution parameters.
**Daily Chart**
EURUSD remains bullish, however, it is moving through a critical price location near the previous daily swing and liquidity pool. The expectation for this week is for a corrective structure before one more bush to the upside at least to take the liquidity above 1.09160 and then move towards 1.1000.
EURUSD Technical Analysis and Trade Idea 👉🔍In this video, we closely examine EURUSD. Recently, the EURUSD has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement.
In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅