EURUSD - BullishEURUSD has made double bottom and changing trend to make higher highs and higher lows.
EURUSD.P trade ideas
EURUSD BaisMy idea is that we are in a bullish trend on the weekly chart. Why? Because we have a clear and understandable order-flow where demand is in control and supply is failing. We also see that we have a demand chain and have established a clear weekly order block, which swept liquidity before it formed. We have just slightly reacted to this order block. (This will be seen on the daily chart)
We can also see that we just made a market structure shift (MSS) on the daily timeframe from bearish to bullish. We have just reacted to weekly supply with a daily supply zone inside it. We are now in a pullback phase with strong momentum because we swept liquidity. My thoughts would be to see if demand is holding on the daily chart and supply is failing.
Euro falls as Trump's chances of victory increaseLooking at the trend in the 1-hour time frame, EUR/USD has broken the support area of the first ascending channel to the bottom and now it is below the moving averages of the ALIIGATOR indicator, there is a possibility of further price declines.
In general, the scenario is reinforced that EUR/USD can decline to the support of the bottom of the second ascending channel in the range of $1.0799, provided that the resistance range of 1.0864-1.0859 is maintained.
EUR/USD Rebounds from Key Support Amid Market UncertaintyTechnical Analysis
On the 4-hour timeframe, the EUR/USD pair has approached a significant support level at the base of its long-term ascending trendline, rekindling buying interest.
The recent breakout above the Ichimoku Kumo cloud signals an emerging bullish bias, which has encouraged further buying activity. The pair is currently testing the 23.6% Fibonacci retracement level of its prior bearish movement, which represents a critical hurdle for continued upward momentum.
A successful breach of this Fibonacci level could pave the way for an advance toward the 38.2% Fibonacci retracement, located at 1.09317. Beyond this, subsequent resistance levels align with the 50% and 61.8% Fibonacci retracement levels, positioned at 1.09846 and 1.10374, respectively. Challenging these resistance zones would signal sustained bullish momentum.
Key Events to Monitor
On Thursday, several critical economic releases are expected, including the weekly unemployment claims and the core PCE Price Index, the latter being the Federal Reserve's preferred inflation gauge. Despite these releases, the market's primary focus will be on the Non-Farm Payrolls (NFP) report due on Friday, which is anticipated to provide significant insights into the health of the U.S. labor market.
The NFP report will likely shape investor sentiment regarding the Fed's monetary policy direction, potentially influencing the U.S. dollar and, by extension, the EUR/USD exchange rate.
EUR/USD retreats in the aftermath of US NFP dataEUR/USD has given up its upward momentum after facing selling pressure near the key resistance level of 1.0900 during the North American trading session on Friday. The currency pair declined as the US Dollar strengthened significantly following the October Non-Farm Payroll (NFP) data. Although there was an initial negative reaction, the Dollar quickly regained strength, with the DXY Index rising above 104.00.
The report indicated that the economy added only 12,000 new jobs, which is significantly lower than the estimated 113,000 and the previous month’s 223,000, which was revised down from 254,000. The unemployment rate remained stable at 4.1%, as expected.
Looking at the technical chart, we can see that the trendline indicates a clear downtrend for this currency pair. The downward momentum of EUR/USD is likely to continue as it encounters two key resistance levels at 1.088 and 1.085. If the price fails to break through these levels, it may lead to a deeper decline, with the next target potentially being the support level at 1.080. Conversely, if the pair breaks the 1.088 resistance and stays above it, this could create an opportunity for a recovery, opening up the possibility of testing the 1.090 level again.
Do you think this currency pair has a chance to reverse? Let me know in the comments!
Analyzing the EUR/USD on the 30-minute timeframethe EUR/USD on the 30-minute timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry.
Key Points:
Current Trend: Downward movement towards support.
Support Zone: Identified in green on the chart.
Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position.
Always ensure proper risk management and wait for clear confirmation before entering a trade.
EURUSDWe are waiting for a correction to the area that we have identified, and then a rise to the targets that we have identified, and we see that the Euro/Dollar waves are rising due to breaking the trend.
EURUSDYou can take entry in EURUSD from these Areas
sl and Tp are mention
Follow the Risk Managemnet
15m TF
Analyzing EUR/USD Support LevelsAs shown in the chart above, EUR/USD has reached our initial target, aligning with the short position suggested by the technical analysis. The price has now landed on the support level established in August of this year, indicating a potential uptrend toward the previous high. The suggested Take Profit (TP) and Stop Loss (SL) offer a profit/loss ratio of 3.03, which is considered favorable.
This is not financial advice.
EUR/USD: Opportunity to profit from resistance!Hello all dear traders!
After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day.
This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD.
From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges.
Wishing you all a successful and profitable trading day!
Yes, it works on all timeframes... (ICT Concepts)In this video I just demonstrate a scalp based off of my process of of DOL>CS>Entry, and I do this on EURUSD, which is one of the pairs I have most experience in.
It is relatively simple and everything is explained in the video. If there are any questions, feel free to drop a comment.
- R2F
EURUSD | 29.10.2024SELL 1.07800 | STOP 1.07200 | TAKE 1.08600 | The pair is moving at the end of the trend at the level of rising dollar quotes and in anticipation of an acceleration in the pace of interest rate cuts by European Central Bank (ECB) officials. expected local correction.
hi , I AM BAAACKmy idea about eur/usd , i basiclly following the trend which is going down , idk why its going down , and i dont need to know , my idea is basiclly if theres something moving the market , them im gonna take a ride , idk whats moving it but i know it working so thats fine by me
EURUSD Trendline Breakout Ready for a BullHello 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 EURUSD 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
EUR/USD 01/11let me know what you think about my analyse im guessing we re going up what you think let me know ofcourse!
A 1 minute recording of the News Release on NFP ;-)We don't teach this in the 28Dto100K Challenge, but it's nice to now your mentor knows how to play it ;-)
28dto100k.com
Potential buys on EurusdI'm seeing the market failing to pass it last low it made on 4hr TF after breaking a resistance level. Followed by my confirmations. What's are your thoughts ?
Could we see a bigger correction?Bullish rally of dxy may persist due to robust indicators of the U.S. economy, contrasted with a weaker Eurozone economy. Additionally, the possibility of Republican candidate Donald Trump winning the upcoming U.S. presidential election is further supporting the dollar.
However, the mixed macroeconomic data releases from the US limit the US Dollar's strength, while the strong inflation readings from Germany support the Euro, helping the pair push higher.
EUR/USD rises sharply as the US Dollar falls after US ADP Employment and Q3 GDP data.
The Eurozone economy grew faster-than-expected and the German economy returns to growth.
Meanwhile, the 200-day EMA near 1.0900, and the psychological figure of 1.1000 emerge as key resistances.
In addition, Trump’s victory in the US presidential election could have an adverse impact on the Eurozone growth in the longer term.
EURUSD holding Still currently in this sell on EU however I forsee a short spike down then upward movement from FVG mitigation therefore I will consider closing if TP is not hit before 14:30 SA time Johannesburg.
Anything can happen but non impulsive moves are best, don't trade the news, trade after... If there are opportunities.
EURUSD Daily Pivot Points Analysis📣EURUSD Daily Pivot Points Analysis
Daily R3 - 1.0944
Daily R2 - 1.0916
Daily R1 - 1.0900
Daily Pivot Point - 1.0872
Daily S1 - 1.0856
Daily S2 - 1.0828
Daily S3 - 1.0812
Today we have NFP data which makes this analysis a bit difficult as long as the market will speculate about the US Election and NFP data and the FED rate cut.
However the support and resistance zones can be used for pullback trading.
Scenario_1 - if EURUSD moves up it may rise up to Daily R3 - 1.0944 and from that zone it can move down to Daily R2 - 1.0916; Daily R1 - 1.0900 and Daily Pivot Point - 1.0872
Scenario_2 - if EURUSD moves down it may test Daily S3 - 1.0812, from the aggressive volume and from that zone it may rise Daily S2 - 1.0828; Daily S1 - 1.0856 and Daily Pivot Point - 1.0872
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Recognize the problems that you have..Trading is a complex venture that involves understanding financial instruments, charts, patterns, market conditions, risk management and other factors.
Becoming a successful trader requires more than technical knowledge. You also need to develop the right mindset to navigate the psychological intricacies of trading.
Human emotion, instinct, and behavior can profoundly impact your decision-making process. That’s why it’s important to understand trading psychology.
~ OGwavetrader
Possible Bearish MarketPrice action was used to clarify waves; Patterns were considered based on the major waves and to approximate the reversal time.
EURUSD buying oppurtunity, Trend reversal pattern (Read more)..EURUSD Price Forecast 🚀
OANDA:EURUSD
EURUSD has broken out of its downtrend with a strong bullish candle, forming an inverted head & shoulders pattern that’s confirmed a neckline breakout. Volume is increasing on the buying side, with a 200 EMA & 50 EMA golden crossover signaling a buying opportunity.
Trade Setup:
Entry: 1.0820
Target 1: 1.0860
Target 2: 1.0950
Stop Loss: 1.0780
