28 Oct - 1 Nov EURUSD IdeaWant to see longs on EUR/USD but overall down trend is scary. SMT divergence on DXY is point for looking for longs. Will see additional confirmation after London Open and more after Monday close.
EURUSD.P trade ideas
EURUSD ANALYSISEurusd has been bearish overrall and looks like nothing is gonna stop it.so what do we do you already know it right, ride with the trend, bearish engulfing candles and a chart patterns to ride the trend down at those resistant levels.. Risk management is key
EURUSD DeclineOn Friday, EURUSD closed below 1,0800, signaling a lack of bullish momentum and indicating a continuation of the bearish trend on the H1 timeframe.
Important news related to the USD is expected this week, which will have an impact on the market.
On Friday, NFP will be released, likely causing increased volatility.
At the current levels, we continue to explore other instruments with better potential.
In the premium channel, we've been actively analyzing EURJPY over the past few weeks.
Read the EURUSD MarketLet's Look at EURUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <3
EURUSD Continues Strong DowntrendEURUSD remains firmly in a downtrend as critical technical factors and resistance levels signal persistent selling pressure. According to the chart, EURUSD is currently hovering around 1.07936 USD, with key resistance zones hindering any recovery attempts.
Technical Analysis
Strong Resistance at Fibonacci 0.5 - 0.618: The Fibonacci retracement levels at 1.08128 - 1.08068 USD form a crucial resistance zone. The price encountered heavy selling pressure here, unable to break through to the upside.
Downtrend Confirmed by EMA: The Exponential Moving Averages (EMA) indicate a bearish trend, with the price staying below these levels. This reinforces the dominance of selling pressure in the market.
Support Level at 1.07607 USD: Should the downtrend persist, EURUSD is likely to target the next support level at 1.07607 USD. This area may attract buying interest but is unlikely to reverse the overall trend.
Short-Term Forecast
Given the strong resistance and EMA signals, EURUSD is expected to continue its downward momentum. Traders might consider a selling strategy if the price faces resistance around the Fibonacci levels, with a take-profit target near the 1.07607 USD support.
EURUSD FORECASTTraders this pair is looking very Nice! Due how structures are formed. We need to be patient and wait to see how price will develop guys. As we always wait for the market to give us confirmation before we make any decision to execute.
EURUSD InsightHello to all our subscribers!
Please share your personal opinions in the comments, and don’t forget to like and subscribe.
Key Points
- Trump’s election victory prospects, USD, and U.S. Treasury yields are on the rise.
- Deutsche Bank notes that the market is only partially factoring in a Trump victory, suggesting that if the “Trump trade” accelerates, dollar strength could pick up momentum.
- Japan’s ruling Liberal Democratic Party suffered a significant defeat in the Lower House elections on the 27th.
- Continued likelihood of additional rate cuts by the ECB.
Key Economic Indicators
- October 30: Germany’s Q3 GDP, U.S. Q3 GDP
- October 31: Bank of Japan rate decision, Eurozone October CPI, U.S. September PCE price index
- November 1: U.S. October unemployment rate, nonfarm payrolls
EUR/USD Trend Analysis
The euro’s price has currently reached the lower end of a short-term uptrend. Efforts to hold this level are visible, and if a rebound occurs, a rise toward the trend high of 1.14000 can be expected. However, if it breaks below this level and falls under the 1.07500 line, a trend reversal would be confirmed, potentially leading to further declines to the 1.04500 level.
Bullish bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.0774
Why we like it:
There is an overlap support level.
Stop loss: 1.0719
Why we like it:
There is a pullback support level.
Take profit: 1.0837
Why we like it:
There is a pullback resistance level.
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#EURUSD - 28 OctOn Friday, I said to look for longs on a dip to 1.790. We saw a huge ranging for EURUSD, before a test of algo band on Friday at 8am EST before a sell down to 1.790, which is my buy level.
Price action looks bearish. IMO, I see a move up to 1.0810, and at that level, watch for a possible rejection of that level for a short opportunity for a move lower.
EU Short - similar to EG. looking to short EU if I get an impulse candle to the downside around POC / VA
EURUSD 27/10/24EUR/USD has shown a continuous downward movement this week, which aligns with the institutional trend we discussed last week. Although there was a brief push above the recent high, there is a chance for the price to move slightly higher before resuming its path.
We’ve highlighted key areas of interest. One is a supply zone where we expect the price to react, potentially targeting liquidity to the left. Additionally, there is a potential reaction point at the previous high, along with a liquidity target below.
Our short-term bias is bullish, but we maintain a long-term bearish outlook, as we have for the past month. Keep an eye on fundamentals, and avoid buying in this market since the overall trend is still downward.
Remember to follow the "Keep It Simple" approach, and only take trades with a clear entry signal.
Trade safe and always stick to your plan.
Eurusd for short.Eurusd was previously bullish, price became bearish. Price broke out of a higher timeframe trendline and support level. Price retest the zone and formed a bearish engulfing pattern.
Daily S / R ConceptHere we are analyzing H4 time frame chart for capturing the upcoming moves on EURUSD. So I'm looking for sell trade opportunity.
Use stoploss for your trade.
Use calculated risk to reward ratio.
EUR/USD Long Position (Short Term)Downtrend Channel in 4Hr frame, The Major trend at the moment is down, however, there is a demand zone below identified by the purple colour and line so a minor correction to the upside should happen at least to the supply zone around 1.08237 - 1.0855 before continuing the down trend
An opportunity to buy Eur/USDI know that the short-term trend is downward and due to the possibility of a war in the Middle East, there is a possibility that this drop will continue, but considering that the medium-term trend is upward, perhaps an opportunity to buy in the specified area will be provided.
Do not forget about capital management and be ready to buy in the specified area.
be profitable
EURUSD - Daily analysis - Downtrend is over, pay attention to geEURUSD - Daily analysis - Downtrend is over, pay attention to geopolitics.
As the elections in the United States approach, we increasingly begin to pay attention to geopolitics, which affects the currency markets, and especially the dollar, at the expense of technical and fundamental analysis.
In reality, only one working week remains until the all-important elections, where the world decides which way it will go next. Escalation of the two major conflicts into full-scale wars is a completely possible scenario.
This would affect the United States depending on how involved the US would be. A further escalation of the wars could strengthen the dollar as US industry would produce more of the real good - weapons, as opposed to peace, where services are the driving force of the US economy.
We expect new developments in the last days of the campaign, be it new attacks against Trump or escalation in the Middle East, after another batch of missile attacks against Tehran (Iran).
On Monday, we don't really have any important data for the United States or Europe. On Tuesday we expect data on Consumer Confidence, Housing Price Index and JOLTS Job Openings.
Big expectations for fundamental news from the United States are expected in the second half of the week, with the important Nonfarm Payrolls (Oct) report at the end.
Expectations for Nonfarm Payrolls (Oct) are for a sharp decline in the numbers to weaker jobs data. That is why the dollar stopped the EURUSD downward trend in the last almost month.
Thus, from the great growth of the dollar (EURUSD) from 1.12 at the end of September, to 1.0761 on October 23, 2024. This trend ended in the 43rd week of this year (the last week) to pass into expectations of a decline in the dollar and return to levels above 1.08.
Thus, the downtrend is over and a break below 1.0760 is unlikely until at least Friday.
Use the moment to trade in a neutral trend with a move of 25-40 pips or an uptrend in anticipation of levels above 1.0860.
Let's also mention the BRICS meeting, which leaves the Dollar as the leading world currency in international payments for now, but more and more the Dollar will give way to the power of China, Russia and the rest of the world.
#EURUSD HOLDING SUPPORTEURUSD bounced off the daily support on Friday and broke out of the downward trendline. Let's see if it holds the support as the market opens and this could be an opportunity to long this pair. Next resistance is at 1.08797.
Waterfall Is Not Over Yet. Instrument:
Time Frame: H4 Chart
Observations:
1. Identified strong Resistance and Support zones within a parallel channel flow Moving in a downward trend.
2. Trend has consistently respected Resistance and Support Zone many times with instances of reversal.
3. Several Break Of Structure were also formed in downward trend
4. Fake Breakout was also identified their with the help of smart money concept
5. Current price action shows respect for the Support zone.
6. Fast moving E.M.A line is still below the Slow E.M.A line indicating further downward trend.
Trading Strategy:
We have confirmation of Sell by two stratigies. One is price action and other is smart money concept. So, stay with sell
Sell Entry Zone: 1.07930_1.07940
Take Profit1: 1.07760
Take Profit2: 1.07580
Take Profit3: 1.07400
Stop Loss: 1.08120
EURUSD Is Trading under The Pressure Of A Strong UsdHey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.07900 support area we will be looking for a potential retrace of the trend towards further downsides.
Trade safe, Joe.
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURUSD IDEAEURUSD IDEA
Short Sell
The fall may continue after consolidation below 1.079. But we need to keep an eye on 1.07727 and local low. Market closed at low of the week after consolidation bearish move will continue..⁉️
MY VIEW FOR EUR/USDAfter bullish move in 1HR TF price makes CHOCH at my selling zone with confirmation on 5MIN TF entry can be taken. 10 pips of SL and 40 pips of TP which is last confirm low, that's my view/analysis
TELL ME WHATS YOUR VIEW...!
PS: THIS IS FOR EDUCATIONAL PURPOSE ONLY IM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS
