#EURUSD 1DAYEURUSD Daily Chart Analysis
Trade Recommendation: Sell
Sell Level:1.10800
Target Level : 1.09750
Overview:
The EURUSD currency pair is currently poised for a potential downtrend according to the latest daily chart analysis. We recommend entering a sell position at the level of 1.10800, which aligns with key resistance and shows signs of a potential reversal.
Target Level:
1 Target Level: 1.09750 This level represents the anticipated downside target where the price is expected to find support or experience a rebound. This target reflects a reasonable expectation based on recent price action and technical indicators.
Strategy:
Enter the sell position at 1.10800 with a stop-loss set above the recent resistance to manage risk and protect against adverse price movements.
- Monitor the price action as it approaches the target level of 1.09750. Consider adjusting your stop-loss or taking profits if the price shows signs of reversing near this target.
Outlook:
The bearish outlook is supported by recent trends and technical signals suggesting a potential decline. Stay updated with market news and economic events that could impact the EURUSD pair, and adjust your strategy as necessary.
Feel free to refine this description based on any additional insights or analysis you may have!
Eurusdtrend
EURUSD Technical Analysis and Trade Idea👀👉 The EURUSD has broken key support levels across multiple timeframes, suggesting a continuation of the current bearish trend and potential further downside pressure.
Technical Overview
The pair is forming a bearish structure with lower highs and lows on the daily and 4-hour charts, signaling more bearish momentum that could drive the price toward previous lows.
Trading Strategy
I'm waiting for a retracement to the 50-61.8% Fibonacci zone, which often attracts price in trending markets. If the PPI data today strengthens the USD, this could offer a good entry point for a short trade, in line with the bearish outlook.
Risk Management
While the setup looks promising, it's important to wait for confirmation before entering. Look for bearish candlestick patterns or a rejection at key resistance levels within the Fibonacci zone to minimize risk.
Market Structure
Sellers are currently in control, and any rallies are met with selling pressure, pointing to a possible further downside if support levels continue to break.
Always do your own research and manage risk carefully. Never trade more than you can afford to lose. 📉✅
EUR/USD Trade Setup – 4-Hour TimeframeOn the 4-hour timeframe, EUR/USD has formed an ascending channel followed by a strong breakout to the downside, creating a supply level around the 1.11300 area, where the price has tapped in and is currently selling off from.
To get a sell entry, we need to wait for a market structure break and retest. Currently, the price is at a minor support level. We need to see a breakout that creates a Lower Low; then, we will be looking to sell from the retest level, forming a Lower High.
DXY has formed a Double Bottom at a daily demand level
Signaling bullish momentum.
Don't Trade all the time
Trade only confirm trade setups.
EURUSD "The Fiber" Bullish Robbery Plan on Short sideHola ola My Dear,
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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.
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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