UPDATE: EURUSD GAVE THE EXPECTED BULLISH REACTION, WILL IT LAST?Fiber delivered within the FVG as expected BUT we need to see how this week close to know if the up move will be sustained from here or not.
EURUSD trade ideas
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Break of Structure and Retracement
Order Block
Rising Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Breakout of Strong Resistance Level
EURUSD made double bottom patternEURUSD has stop declining rsi shows bullish divergence price has formed double bottom pattern which is a reversal pattern buying is recommended at neck line.
Scenario EURUSDAt the beginning of the whole movement there was a double peak from which the price fell sharply down to the level of 0.7688 where the price stopped on the trend line where at the same time there is support, I assume according to the last formation that a correction wave could start from this level which could end somewhere around the price of 1.10388 which is 0.618 fibo
EURUSD short ideaI think we have found HTF resistance, I like the shift and i would like to see it drop lower into sell-side at 1.08438
EUR/USD ready for reversal?EUR/USD is trading around the Monthly S3 Pivot Point. According to pivot point theory, this is extremely sold-out condition. The price consolidates around S3, and the RSI MAX cross gives a buy signal. There is a possibility of reversal or a pullback.
Please let me know what you think.
Potential Entry For EUR/USDLooking on the Weekly Timeframe, Price has bounced off area of interest of an ideal entry to go bullish, when an engulfing bullish candlestick forms and price hits 1.08279 is my Ideal time to go in this trade
This is not financial advise
Please message me if you have a different perspective, I am always open for conversation
EUR/USD Starts Tuesday with Optimism Amid Mixed Dollar StrengthThe EUR/USD pair opened Tuesday with a positive sentiment, trading at 1.08230 as of this writing. This follows a shaky start to the week for the US Dollar (USD), which initially showed strength but saw limited momentum as investors opted for caution, especially in the absence of major economic data or fundamental drivers early in the week.
ECB’s Cautious Tone Amid Inflation Progress
On Monday, ECB Vice President Luis de Guindos offered insights into the central bank’s view on inflation, noting that while there has been substantial progress in reducing inflation, it's premature to assume that the battle is over. His statements suggested that the ECB will maintain a flexible stance on monetary policy, leaving room for adjustments depending on economic developments. This cautious, yet open stance by the ECB may lend some support to the euro, as markets interpret the ECB's careful monitoring of inflation as a signal that interest rate hikes could still be in the realm of possibility.
Focus on U.S. JOLTS Job Openings Data
Later in the day, the US Bureau of Labor Statistics will release the JOLTS Job Openings data for September, which may influence USD sentiment. Markets are anticipating job openings to slightly decrease to 7.99 million, from 8.04 million in August. However, should the reading exceed expectations, particularly if it reaches 8.5 million or higher, it could reinforce USD strength as it would indicate continued labor market resilience—a key factor for the Federal Reserve's policy decisions. Conversely, a reading below 7.5 million might dampen USD appeal, as it would suggest cooling in the labor market, potentially leading the Fed to reconsider its tightening pace.
Technical Overview: EUR/USD Positioned Near Demand Zone
From a technical perspective, EUR/USD is showing some resilience around a demand zone, though it isn’t the strongest of support levels. The pair’s recent reaction in this area suggests some buying interest that could offer temporary support. Given this positioning, a long position might be worth considering if the upcoming JOLTS data provides a supportive backdrop by coming in below expectations, potentially weakening the USD.
On the other hand, if the data surprises on the upside, EUR/USD might test lower levels, and the demand zone’s strength could be challenged.
Conclusion
In summary, the EUR/USD outlook today hinges significantly on the JOLTS report, with the euro finding slight support from the ECB's cautious optimism on inflation. A supportive labor report could provide USD strength, but a weaker-than-expected report may favor euro bulls, positioning EUR/USD for further upside near current demand levels. With this dynamic, traders might consider waiting for the JOLTS data before committing to positions, using it as a potential trigger for directionality in this volatile environment.
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EUR-USD Long From Rising Support! Buy!
Hello,Traders!
EUR-USD is trading along
The long-term rising support
And the pair is about to retest
It from where we will be
Expecting a local move up
Buy!
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EUR/USDbe ready it is penetrating down channel and line of reversible head$shoulders now
Entery point 1.0823
Target1 1.08829
Target2 1.09096
Stop loss closing below 1.07652
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!
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Teaching how to see market formations and react to data, easily.
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EuruUSD could fall to 1.0816 after USA DataEURUSD could drop after USA data. It is expected strong data for dollar so this pear will deop atleast this level.
Note: This is not a buy/sell call. Trade at your own judgement.
EURUSD is BullishPrice was in a strong downtrend, however a matured bullish divergence seems to be at play as pervious lower high is broken successfully. If the bulls continue to exert similar pressure then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Bearish reversal?EUR/USD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0896
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.0952
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 1.0840
Why we like it:
There is a pullback support level.
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EURUSD lvls oct, 24All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
EUR/USD Buy Trade IdeaThe EUR/USD pair appears to be on a bullish trajectory, presenting an opportunity for a buy entry based on technical analysis indicators.
Analysis:
Key Support Level has formed around 1.076, indicating strong demand for the Euro against the U.S. Dollar.
Technical Indicators such as moving averages and RSI confirm bullish momentum.
Recent Break of Downtrend Line suggests a potential continuation of the upward trend.
Important Note: Always consider risk management and be prepared to adjust the strategy in case of unexpected volatility.
EURUSD - BullishEURUSD has made double bottom and changing trend to make higher highs and higher lows.
Eurusd bullish trend on W starterLets go dont miss This trade, in BLUE Channel you can se a breaking blackline
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.
eurusd going upeurusd going up again, dxy will fall some points giving euro usdollar some credit maybe until the last 1.12 dollars per 1 euro, maybe more, who knows, didnt made the macros and the math, but signaling a big dowfall from dxy and longs going into eurusd
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.
The time of ascent has arrivedHello friends, after a long decline, the conditions for buying trades have been met.
Be happy and profitable!
hassanbarati
