EURUSD trade ideas
EUR/USD Outlook: Key Levels and Potential Bearish ContinuationThe EUR/USD chart indicates a bearish outlook, with price currently trading below the pivot line at 1.07719.
Bearish Scenario: If the price remains below 1.07719, further declines are likely toward the support levels at 1.06164 and potentially down to 1.05444. A break below 1.05444 could see the price reaching the next support level at 1.03906.
Bullish Scenario: If the price manages to rise above the pivot line at 1.07719, it may aim for the resistance at 1.09156. A close above this level would suggest a shift toward bullish momentum, with the next target at 1.10050.
Key Levels:
Pivot Point: 1.07719
Resistance Levels: 1.09156, 1.10050
Support Levels: 1.06164, 1.05444, 1.03906
previous idea:
EURUSD DepreciationPrice of the Euro against the Dollar has steadily depreciated over the course of 15 years, beginning its's decline with the global financial crisis back in 2008. Many fundamental factors have contributed to this price action, and likely this downtrend will continue for the foreseeable future, as the European Union is an inherently flawed system, and the USD retains its status as the world reserve currency.
EUR/USD Outlook: Bearish Momentum Below Key PivotEUR/USD Analysis
The EUR/USD price is currently consolidating below the pivot line at 1.0680, showing bearish momentum. If this bearish trend continues, the next movement is likely to test support levels below.
Scenarios:
Bearish Scenario: If the price continues to trade below the pivot line (1.0680) and breaks below the immediate support at 1.0616, it may reach down to the next support at 1.0544. A close below 1.0616 would strengthen this bearish outlook.
Bullish Scenario: For a bullish reversal, the price needs to reclaim and stabilize above the resistance line at 1.0739. This move would suggest a shift towards higher targets, potentially testing 1.0861.
Key Levels:
Pivot Line: 1.0680
Resistance Levels: 1.0739, 1.0780, 1.0861
Support Levels: 1.0616, 1.0544, 1.0470
Trend Outlook: The bearish scenario is currently more accurate as long as the price remains below the pivot line and support levels are tested.
previous idea:
EURUSD - Futher Downside ExpectedEURUSD is heading towards lower level to complete it's Wave 3. EMA 50 is currently holding as a resistance and unless the news comes against Dollar, we should expect the above move to complete.
For entries, please wait for at least two candle reversals on 5/15M at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD BUY SETUP !!Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the IMPORTANT PRICE LEVELS. I anticipate that the price will soon react positively to the ORDER BLOCK. Keep an eye on these marked levels!
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“The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder
EURUSD Down Trend ContinuationEURUSD has opened with an upward gap and is moving toward a significant resistance zone within a larger bearish trend. If the market meets resistance here and rejects both the resistance zone and the upper border of the descending channel, it may indicate an impending bearish reversal. Historically, this level has acted as a strong resistance, with price bouncing off it multiple times, which reinforces the likelihood of another rejection.
There is potential for a push above last week’s high as an initial move to gather liquidity, followed by a bearish reversal aiming to fill the recent gap. If this scenario unfolds, the target would be the support zone around 1.08510, aligning with the gap-filling objective and providing a solid level for further downside momentum
EURUSD : the yellow line is not a trendlineThe yellow line is NOT a TREND line. As I have said many times, I do not believe in trendlines.
We should have asked, there are so many 'methods' out there teaching us how to trade FX - but just NONE of them is mathematics-related. Some may say Fibonacci is maths, but I think it is just numbers.
Calculus is an important branch of mathematics. It is a study of change and the rate of change in mathematical function. The rate of change is the SLOPE or how steep the line is.
So the yellow line is the slope. Since I know the slope, I only need one point to place the slope. Which is why it is not a trendline. A trendline needs two points.
Good luck.
EURUSD: False Resistance Break Could Add to DeclineAs expected, EURUSD continues to hit new lows, currently hovering around the 1.062 level.
The Euro's retreat has largely been driven by a sharp rally in the U.S. dollar (USD), pushing the U.S. Dollar Index (DXY) above 106.00, marking multi-month highs. This surge is fueled by market optimism surrounding the so-called “Trump trade,” with investors betting on potential policies under the upcoming Trump administration.
On higher timeframes, EURUSD is testing a solid support level, which might trigger a corrective move. However, on the 4-hour timeframe, we can clearly observe a downtrend, with the 34 and 89 EMA acting as resistance and continuing to weaken the buying side. Therefore, any strong resistance level is likely to maintain control over the market.
Currently, we are watching for a potential false breakout of the trend resistance, with the aim of consolidation. This consolidation is generally forming within a channel, and if sellers maintain control around the 1.605 - 1.068 area, which aligns with the 0.618 Fibonacci level, we should expect a decline toward key areas of interest in the medium term.
eurusd buy tradeupdate on the eurusd buy trade taken. overall analysis is looking for a reversal at the key point of interest after yesterdays closing session high liquidity is taken . assessment relys furter on the reversal of the dollar index toward key points of interest in the 4h and daily. looking for a potential short during new york session 15/11/2024. thoughts on the eurusd potential sell ?
EUR/USD /SELL ideaThis is my opinion on the EURUSD /1h , the next move:
the main goal : 1.0585 !!!
Bias - Bearish
EURUSD: Short term analysis for 07/11/2024
This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 1-hour
The 1-hour EURUSD chart exhibits bearish trend, with the volume decreasing and the price moving below 200 SMA. 45 min chart exhibits bearish a divergence indicating a potential reversal.
Key Levels:
Order Block (Lower Target): 1.064-1.053
Resistance: 1.081-1.084.00
Immediate Support: 1.068.00
Trading Bias:
It may test upper resistance at 1.084 and get rejected. A breach of lower trend channel may trigger a corrective decline to 105.00 and potentially reach the Lower Target (Order Block) at 1.064-1.058
Eurusd predictionEurusd 1st 30 pips target done, second target at 1.06840 eurusd, DYOR always, this is just my setup
If u like u can always give a boost, maybe it gives visuality and I need a job with big bucks, with my 2 codes of technical indicators.
Anyway
Keep ur trade safe
EURUSD Macro Sells PossibleAlright so it's been a literal while since I've analyzed anything other than gold and or maybe BTC. But neither of them have any opportunity currently so I am taking a look at a few other assets to see if there is anything interesting.
On EURUSD, we can see here what appears to be price stumbling at a level in which price has bought multiple times in the past and what I find really interesting about this level is the fact that price is bullish.
EURUSD is an overall bullish market so the fact that it is selling suggests that price needs to grab liquidity from the downside. But why? What is down there that price needs so badly?
Well, Think about it. Buyers place stop losses where exactly? At the lows right?
Yeah when you look at it on the weekly timeframe in my opinion it becomes even more clear - price needs to go lower to clear out buyers stops.
BUT
This then means that price needs to sell right? And we can only truly sell when price is bearish enough to do so right?
Well here seems to be very bearish, but I'd admit that I feel like I am drawing at straws here in hopes that it breaks this time, I'd be honest I am not hopeful that it will lol
That being said, what I think is possible for EU is that it will continue to stumble about this level for a while, maybe even go higher, before truly attempting to drop.
As much as I wish to find something here, I don't think there is anything.
The most I can say is maybe more sustained sells (very short term) until price leaves this orange zone
I'd be careful with this one
EURUSD Analysis And Next Market MovePair Name = EURUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
EURUSD is taking breath after a long term drop after this is US elections. Now here in this bounce EURUSD give us a gain UpTo 100Pips+. After this target very possible we can see a drop in the Market.
EURUSD BUY = 1.057
Stop Loss = 1.049
Target 1 = 1.059
Target 2 = 1.062
Target 3 = 1.067
EURUSD and the most important bearish signal in 3 years.EURUSD has been one of the most boring pairs to trade lately, with a clear range of prices.
Now, the market broke a trendline meaning that some bearish volatile will appear, which is good for tactic decisions and profit making.
On the other hand, this bearish movement could put the price near the support of 1,045, which is the last support before a bear market starts.
Do you think there are fundamental reasons to go to parity again?
EURUSD The sell-off isn't over yet.The EURUSD pair is extending the sharp sell-off after the most recent bearish signal upon the 1D MA100 (green trend-line) rejection. This is practically the same sideways Zones we talked about almost a month ago (October 14, see chart below):
The price broke below the 1-year Higher Lows trend-line that was the last 'hope' for a bullish reversal and should now extend the bearish trend even lower. The 1D MA100 rejection was also a rejection on the 0.5 Fibonacci retracement level and as you can see this is identical to the August 31 2023 rejection. That was half-way through a Channel Down (also starting from the Resistance Zone) that eventually targeted the 1.236 Fibonacci extension.
As a result, we remain bearish on this pair, targeting 1.05300 (Fib 1.236 extension), unless the 1D RSI hits 25.00 (oversold), in which case take profit regardless, as this RSI reading preceded the October 03 2023 bottom.
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EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.06447
Wish you good luck in trading to you all!
EURUSD - Potential Bearish Move Ahead
EURUSD has broken the previous upside channel and now seems to be in bearish mode. Due to strong Dollar and Trump coming into Power in Jan 2025, we may see it touching new Lows unless it breaks the above zone highlighted and confirm correction.
The "Risk !" label indicates zones where price reversal is possible. The higher the risk level (e.g., Risk !!!), the greater the likelihood of a potential reversal.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURO - Price can bounce down from triangle to $1.0640 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where some time grew near resistance line and then fell below.
After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level.
Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around.
Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle.
In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back.
Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level.
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