EURUSD Head and Shoulders, Channel, DivergenceWe are at daily resistance on EURUSD. At this level there has now formed an ascending channel, a head and shoulders pattern and bearish divergence on the RSI. All of which are bearish signals.
Eurusdtrend
EURUSD: Further ECB tightening - BUYGreetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
It is anticipated that the ECB will increase its Deposit Rate by 25 basis points in May and then again in June, resulting in a peak rate of 3.50% for this cycle. Despite the current market pricing indicating a maximum policy rate of approximately 3.09%, we believe that this is too low based on our expectations for a more aggressive ECB policy outlook. This prediction is a significant element in our projection for the Euro to exhibit medium-term resilience against the USD.
Note: Note: Full TP, SL for winning the market and safe trading!
EURUSD BuyThe EUR/USD pair has sensed support after dropping to near the round-level support of 1.0900 in the early Asian session. The major currency pair has attempted a recovery after falling to near 1.0900 as the tight United States labor market has cooled down further after US Employment data released by Automatic Data Processing (ADP) missed estimates.
As per the released data, the US economy added 145K jobs in March, significantly lower than the estimates of 200K and the former release of 242K. Firms have slowed down their hiring process amid rising interest rates by the Federal Reserve (Fed) and a bleak economic outlook. A slowdown in the recruitment process after the release of weak Job Openings data indicates that the US labor market has started cooling off and chances are solid of an escalation in the Unemployment Rate ahead.
EURUSD long term trend is still bullish. However, currently on the h1 chart, the price is in a correction. Today, it is possible that this pair will continue to return to the 1.0880 area and then reverse to increase again. Recommended to wait to buy to 1.0880, SL: 1.0840, TP: 1.0960
EURUSD BUYThere is a high possibility for the euro to rise against the dollar with the ascending channel and the correction of the trend line. What do you think, my friends?!
EURUSD Swing Bullish Breakout!EUR-USD broke the key
Horizontal resistance level
Of 1.09147 and the breakout
Is confirmed even on the 2 H
Because the 2H candle closed
Above the level which
Is now a support, which
Combined with the
Long-term uptrend and
The bullish rebound from
The new support after the
Retest makes me bullish
And the next move is expected
To be in the upward direction
Towards the 1.10293 target
EURUSD BuyThe EURUSD pair shows new positive trades to surpass 1.0900 barrier and settles above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting for more rise to head towards our next target at 1.1032.
The EMA50 continues to support the suggested bullish wave, waiting to get positive momentum that assists to push the price to head towards the expected target, to continue suggesting the bullish trend in the upcoming sessions unless breaking 1.0880 and holding below it.
EURUSD h1 price is in an uptrend. In the short term, it is possible that the pair will accumulate sideways in the 1.0930-1.0970 zone and then break up. Recommend waiting to buy to 1.0930, SL: 1.0880, TP: 1.1000
EUR_USDAccording to the structure of the dollar index, we will buy euros with a close stop on Monday
4/4 EURUSD Trading Strategy
From the 1D chart of EURUSD, we can see a pattern resembling a U-shaped bottom, with three bottoms around 1.05. Currently, it has reached the phase resistance level, but the pattern is not yet complete. The strong resistance level should be around 1.098-1.1.
It is not difficult to see from the 30m chart that there is support around 1.091-1.088, and 1.086 is a strong support level. Therefore, the trading strategy should be to long at the tested support level.
EURUSD BuyOn the chart, the MACD and RSI signal lines are both sloping up. Notably, the RSI has not yet entered the overbought zone. Another factor supporting the uptrend is the fact that the price has broken through the confluence between the 21- and 50-day MA (currently around 1.0725 - 1.0730).
Therefore, EUR/USD is fully capable of breaking through the 1.0930 mark as well as the key resistance levels formed since the end of January. The year-to-date high at 1.1033 will be the next hurdle before the price can approach the 61.8% Fibonacci level of the November 2022 - March 2023 price trend (currently around 1.1190)
Meanwhile, if the price falls below the aforementioned 1.0725 - 1.0730 confluence area, the downside momentum cannot be confirmed, especially as the uptrend line (currently located around 1.0630) is acting as a support level. for buying power. In the event that EUR/USD breaks below 1.0630, prices are likely to head towards the March low at 1.0548.
EURUSD long term trend is still bullish. Currently on the h1 chart, the price is at an important resistance area, so today it is possible that the pair will have a deep correction before continuing to move up. Recommended to wait to buy when the price returns to 1.0830, SL: 1.0780, TP: 1.0950
EURUSD BEARISH TRADE INTRADAY 7% Reward1:7 Eurusd trade is expected this week
i am not your paid investment advisor, trade accordingly.
this seems a good trade!
EURUSD - Still bullish ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: I am still bullish here as I see price to take buy stop liquidity and to fill the imbalance higher before the drop down. For shorts I will look only if price change the character.
Fundamental analysis: We have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month.
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EURUSD: The bears will approach the support zone!The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the continuation of the downtrend. No information has been omitted from the original text.
Therefore, the EUR/USD quotes are set to test the confluence of the 1.0730 support level consisting of the DMA 50 and DMA 21 lines as traders start the important week.
Overall, EUR/USD is likely to fall further but the retracement range below 1.0730 appears to be limited.
Eur/Usd long IDEAEUR/USD LONG IDEA
I think euro is very bullish u can see that in 4h TF, I think this rejection is to take out the Swing Traders.
Anticipate High Volatility This Week with EURUSD pairThe EURUSD currency pair is showing a lack of momentum to the upside, with the possibility of a pullback to gauge potential uptrend continuation.
Price rejection at the supply zone of 1.09114 and price closing below 1.08424 suggest trading back to the first demand zones.
A double-top reversal pattern is also forming on the 4-hour chart, with price trading near the 200-SMA on the 1-hour chart.
The coming week may not result in high volatility but expected high-impact news may cause the US dollar to be volatile.
Update: Wave 4 is not yet complete in EURUSD 4hrWave A got completed below 1.08020 and after that it formed clear wave A down and wave B up of the Wave B (ABC) three leg move.
Now it looks like its wave C down move which is expected of having 5 wave down and can come down to the Equality of wave A
EURUSD Short
Entry : 1.08921
SL : 1.093
Target : 1.07096
EURUSD: Upward pressure continues!On Thursday, the EUR/USD pair is steadily progressing and is close to reaching the 1.0900 level before Wall Street opens. Investors remain optimistic as news related to banking has reduced and the aggressive monetary tightening case has weakened. According to recent news, Federal Reserve Chair Jerome Powell revealed the central bank's expectation of one more rate hike during a private meeting with US lawmakers, but this was before the banking crisis and had little effect on financial markets.
Inflation data from the Eurozone added to the positive sentiment as it indicated a further decline. The initial report on the Harmonized Index of Consumer Prices showed a 3.1% YoY increase in Spain for March, compared to a 6% increase in February. In the same period, the German HICP rose 7.8% YoY, down from 9.3%. Meanwhile, the final revision of the Q4 Gross Domestic Product in the United States remained at 2.6%, slightly lower than the previous estimate of 2.7%. Initial Jobless Claims for the week ending March 24 were 198K, which was below market expectations. Later in the day, attention will turn to the speeches of several Fed speakers and Treasury Secretary Janet Yellen.
The EUR/USD pair is trading close to its highest point of the day, and the daily chart indicates that it is consistently achieving higher highs and higher lows. It has surpassed bullish moving averages, and the Momentum indicator in the same timeframe is consolidating at positive levels. The Relative Strength Index (RSI) indicator is also showing a strong bullish trend at around 62. Based on the 4-hour chart, technical indicators are almost vertical and reaching overbought levels, suggesting a potential for upward extension. The 20 SMA is providing intraday support at 1.0830 and is widening the gap with the bullish 100 and 200 SMAs, which are over 100 pips lower than the former.
Support levels: 1.0875 1.0830 1.0790
Resistance levels: 1.0910 1.0950 1.1000
EURUSDIts important area for EUR & DXY, the price had pullback on bottom line of important triangle and it needs good correction to rest last bullish wave.
READ CAPTIONThe analysis will be updated, friends, but be careful, I cannot make a correct decision in this currency pair due to reasons related to my style problems in this currency pair.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0619 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR.
- After that, EURUSD can go up to 1.2000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
EURUSD top-down analysisHello 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 a last move down pendingEURUSD is making a rising wedge on daily chart, we already broke down the wedge, but currently market will retest it again, could go up until 1.12/1.13
After that one last move down, Make sure you don't miss it
I suggest shorting near 1.10/1.11
Sl 1.14
TP bellow 0.95
Good Luck
EURUSD LONG OR SHORT???‼️We, the FxShzd team, are back with an update on our previous analysis of the EURUSD pair. As an always-interesting asset, the pair has continued to display precise movements, responding well to each support and resistance level.
Our team has identified new supply areas, presenting an attractive short-term shorting opportunity. Notably, our first supply area contains a significant amount of liquidity just above, which we expect to capture before the price experiences a substantial directional shift at the subsequent supply zone.
To increase trading potential, we always look for confirmational entries in lower timeframes, especially after a BMS. Should we identify a favorable entry point, we will share it with our followers via prompt updates.
To stay up-to-date with our analysis and ensure you do not miss any trading opportunities, we encourage you to follow our updates closely. Thank you for entrusting us with your trading endeavors.
