EUR/USD Complicated correction. Long Here
The Target has been met for the previous trade Congrats to anybody who took it. I believe we go up from here to form the second part of this correction. Lets get this money folks.
EURUSD trade ideas
EURUSD 17/11/24As we head into this week, we maintain a bearish bias on the EUR/USD pair. This aligns with last month’s trend, where we consistently sold this pair to the downside. Without a shift in bias, we expect this bearish momentum to continue.
Looking at the chart, we’ve identified two key areas of interest for potential selling opportunities. First, there’s a short-term high located around the middle of the current range. This is also a 4-hour high that swept previous short-term highs. Above this, we see an area of unmitigated supply that triggered the last major break of structure, along with a liquidity high just above it. If the price pulls back, it could interact with this supply zone and possibly take out the liquidity highs.
However, this pullback would be a counter-trend move. Our primary expectation remains for the price to continue its downward trajectory toward the lows. Last week, the price swept a daily low, highlighted by an arrow on the left-hand side of the screen. This sweep led to a notable upward push, which, while counter-trend, could serve as the catalyst for the pullback we anticipate.
The market open will be interesting to watch. If the price gaps upward, it could indicate an intent to move higher before potentially filling the gap later in the week. This would align with the bearish continuation we’ve forecasted.
Trade safe and stick to your plan.
EUR/USD Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook:
As anticipated in last week's analysis, the Eurodollar has sustained its downward trajectory with notable intensity, successfully reaching all predefined targets: Mean Support at 1.069, Key Support at 1.062, a retest of the completed Inner Currency Dip at 1.060, and the realization of the Inner Currency Dip at 1.050. While this downward movement is significant, the following primary target is the Outer Currency Dip at 1.042. It is imperative to acknowledge and initiate a rebound, which is currently taking place, guiding prices back toward the newly established Mean Resistance at 1.063 before resuming the down movement.
EURUSD perfect move EURUSD early this week I shared my EURUSD idea, that EU was going down what a move!!!
EURUSD : Where and WhenThe chart above refers.
Again, I would remind you that the lines are NOT trendlines.
Now the price is at a critical juncture. Knowing WHERE and WHEN to wait is going to be very profitable here.
I think you should know what to do.
Know that bond yield is still high and not falling. The same goes for Oil.
Again, buy when the price is LOW. To sell now is already too LATE.
Good luck.
EURUSD WILL CONTINUE DOWNTRENDhello guys lets start new analysis as you can see eurusd is bearish for a few days and mad a descending channel .
the price broke 1.060 support
When analyzing EUR/USD from a fundamental perspective on the one-hour timeframe, a few key factors are currently impacting this currency pair:
1. U.S. Interest Rates: The Federal Reserve is still in a phase of rate hikes or, at the very least, is not planning to lower rates anytime soon. This strengthens the dollar, as investors prefer it over other currencies, adding downward pressure on the euro. Any hints from the Fed about possibly slowing down rate hikes could provide temporary support for the euro.
2. European Economic Slowdown: Europe’s economy remains in a slow-growth phase, especially in countries like Germany, which relies heavily on exports. This factor weakens the euro and adds more downward pressure on EUR/USD.
3. Inflation and ECB Policies: Inflation in the Eurozone remains a challenge. The European Central Bank (ECB) has raised interest rates to control it, but inflation is still above target. The ECB may have less room and motivation than the Fed to continue rate hikes, which could weaken the euro.
4. Political and Geopolitical News: Ongoing geopolitical issues
EURUSD Trading Journal EURUSD Trading Journal
Nov 21
opened went higher taking out previous days buy side before plunging to run on sell side stops closing at the .79 PDR.
Created a new low and equal highs
bullish for the day-looking for price to come to the 50% at the least could reach for equal highs and buy side efficiencies.
830 ny news manipulation
London retraced and NY expanded to the downside and then consolidating since, see what Asia does. Continued to consolidate then London could expand to the buys side and NY reversal/retrace
Break and retest completed on EUR/USD....trade worth risking forHi Guys Good luck to you! Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
EURUSD : WyckoffAnother of my favorite is Wyckoff. This is useful when the price is at the extreme, waiting for PIVOT.
If we look at this carefully, together with the volume, we can see Buyer slowly gaining the upper hand.
Buyer managed to breach the resistance once but Seller tried to challenge. Now price is above resistance again, do you think Seller will mount another challenge? If your answer is NO, then WHY?
Good luck.
EURUSD 30M in Bull Broad Channel and Tranding Range EURUSD 30M trade in broad bull Chennal
May be trading range.
So in this situation bull and bear both make money ( HBLSS ) Set up
EURUSD Possible Up correctionEURUSD has reached the psychological level of 1.0500 and, on the 1-hour timeframe, has formed a double bottom pattern, suggesting a potential slowdown in selling pressure. The price is currently moving sideways above this level, indicating possible consolidation. Notably, approximately a year ago, the price surged from this support zone, identifying it as a demand zone. With the DXY (U.S. Dollar Index) reaching a strong resistance zone, there's potential for a reaction that could lead EURUSD to pull back toward the downward trendline. The target is the resistance zone around 1.0635
Eurusd changing trendEurusd changing trend in my pov, if not this time it will be like my drawing arrows maybe, but that's it's only my pov DYOR always
EURUSD Bearish Below $1.06 Eyes $1.01EUR/USD trend outlook remains bearish, targeting further declines. A break below $1.037 may push it towards $1.017.
fxnews.me
Shorting EUDaily institutional order flow is bearish. 4h showing internal range liquidity to external range liquidity.
EURUSD Formation of a Triangle in 30 M Breakout Modein 30 M time frame EURUSD form a Triangle SO its in Brackout mode
final lag in down trand
BUY Minimum margin in % -5000% If less forget it. The base effect impact in the inflation will take places soon. Winter, Christmas.
EURUSD downtrendThis is the mirror reflection of the DXY chart.
DMA50 and 200 in a clear downtrend, printing further bearish flags.
We are likely observing the wave 5 of (3). Still more downside.
After the wave (3) is completed, expect a larger corrective structure in the wave (4) before the final sell-off and the reversal
Trade safe
Fundamental Market Analysis for November 20, 2024 EURUSDEvent to pay attention to today:
15:00 EET. EUR - ECB President Christine Lagarde Speaks
EURUSD:
On Tuesday, the EUR/USD was trading between the 1.0550 and 1.06000 levels. It tested the lower boundary but then recovered, adding just 0.14% for the day. The final data on EU Harmonised Index of Consumer Prices (HICP) inflation had little impact on market movements, and the greenback will have to settle for a limited release schedule this week.
The European core HICP inflation rate remained at 2.0% y/y in October, in line with preliminary data. The data did not generate interest in the euro markets and was not a focus on either side of the bid-ask spread. US data remains inactive until the second half of the trading week, when jobless claims and retail sales data will be released.
On Wednesday, ECB President Lagarde will deliver the opening remarks at the ECB's Financial Stability and Macroprudential Policy Conference. The ECB finds itself in a challenging position, with European inflation holding firm against initial expectations and the broader European economy displaying a lopsided tilt.
The first half of the US trading week will see few economic data releases. On Thursday, average initial jobless claims will be published, which are expected to show a slight increase in the number of people applying for unemployment benefits for the week ending 15 November. US Purchasing Managers' Index (PMI) data will be released this week, but will not impact investors until Friday.
Trading recommendation: We follow the level of 1.06000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
30-mins EUR/USD: The EUR is picking up on the short term After finding robust support near the 1.0520 level, the EUR/USD pair has begun to show signs of recovery, gaining modest momentum in the short term. This upward movement has been bolstered by an increase in buying activity, as evidenced by a technical indicator known as the Golden Cross. This classic bullish signal occurs when the 20-period moving average (MA) crosses above the 60-period moving average, suggesting the potential for continued upside in the pair’s performance.
In recent trading hours, however, the EUR/USD has experienced a minor pullback, retracing part of its gains and finding local support around the 1.0574 level, which aligns with the 38% Fibonacci retracement. This technical level has temporarily halted the decline, indicating some stabilization in the price action. Despite this, the possibility of a deeper correction cannot be ruled out. Market conditions could lead to further downward pressure, potentially testing the 50% Fibonacci retracement near the 1.0560 area or slightly below.
Such a move would likely attract more buyers, as a deeper correction would create a more attractive entry point with an improved risk-to-reward ratio. This scenario could set the stage for a more significant rally, with the EUR/USD poised to climb higher once the current consolidation phase concludes and buyers capitalize on the relatively undervalued price.
EURUSD Wave Analysis 18 November 2024– EURUSD reversed from long-term support level 1.0500
– Likely to rise to resistance level 1.0620
EURUSD currency pair recently reversed up from the major long-term support level 1.0500 (which has been steadily reversing the price from the start of 2023, as can be seen below), standing close to the lower daily Bollinger Band.
The support level 1.0500 level was further strengthened by the lower daily Bollinger Band.
Given the strength of the support level 1.0500, oversold weekly Stochastic and the strong US dollar bearishness seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.06200, former support from the start of this year.
EURUSD LONG TRY TO BUY A LITTLE AFTER BREAK OUTFRIENDS..
We know that DXY is strong because the US Election and dollar is putting pressure on another pair..
but EURO already trying to fight back
u can try to long @1.05650
TP 1.06550
SL 1.05350
RR 1:3
GOODLUCK guys
Always DYOR Before entry
EURUSD SHORT: USA SERVICE PMI CAME IN HIGHER THAN EXPECTEDS&P global Services PMI 57.0 versus 55.2 estimates. Looking to short this pair.
#EURUSD - 22112024I was wrong on the move for EURUSD, but levels worked well. Why so? I was looking at price to base from open and then move higher.
Instead, EURUSD came down and tested the strong level at 1.0514 strong level perfectly which gave a good long for 30pips. But it was a case of a down move - bearish, and it made a lower high, a rejection off 1.054 strong level in confluence with and it sold down. From current move, I am looking for a move lower. Look to short off a pullback to 1.0514 for a move lower. DXY does look to want to go higher. Do note that now DXY strength is in confluence with indices strength.
