USD/EUR LONG.Buy now, sell around 0.93 (.925/.935) The price is at its lower level in few months. Analysts are expecting the USD/EUR pair to grow. Also, the economic panorama is more favourable to USD. Longby radaxian3
EURUSD Market Overview The EUR/USD pair is currently trading at 1.10383. The provided data shows a market with bearish momentum but possible signs of reversal. Let’s break down the key elements: Oscillators: RSI (14) at 31.22512: Near the oversold territory, suggesting the possibility of a bounce if it crosses the 30 threshold. Stochastic %K(14,3,3) at 15.61147: Deep in oversold territory, which also hints at a potential reversal. CCI (20) at -52.35125: Below -100 usually indicates an oversold condition, but current value isn’t there yet; however, it’s leaning towards it. ADX (14) at 33.98631: Indicates a moderately strong trend, though it doesn't specify direction. Given the bearish conditions, this suggests the trend could still be down. Awesome Oscillator at -0.00427: Negative but close to zero, indicating bearish momentum but no strong divergence. Momentum (10) at -0.00071: Negative momentum aligns with the bearish outlook. MACD Level (12, 26) at -0.00183: Below the signal line, which is bearish. Stochastic RSI Fast (3, 3, 14, 14) at 47.61679: Mid-level, showing no strong directional bias. Williams Percent Range (14) at -91.61290: In the oversold zone, suggesting a potential rebound. Bull Bear Power at -0.00384: Slight bearishness, confirming the downtrend. Ultimate Oscillator (7, 14, 28) at 29.75598: Near oversold, but not confirming yet. Moving Averages: - The price is below almost all the short and medium-term moving averages (EMAs and SMAs). This indicates a bearish trend, as the price action is currently below significant resistance levels. - The 200 SMA at 1.09720 acts as a major support level. A breach below this could signal a deeper decline. Pivot Points: Pivot Point at 1.10966: This acts as a key resistance level. S1 at 1.09916: Close to current price and could act as the first support. If it holds, it may trigger a bounce. R1 at 1.11503: Would be a significant upside target in case of a reversal. Commitments of Traders (COT): Commercials are net short: Generally, commercials are hedging, so their net short position aligns with a bearish outlook. Large Speculators are net long: This indicates that large traders are anticipating a potential bullish reversal, possibly banking on an oversold condition. Trade Recommendation: Short-Term Long Position (Potential Reversal) Entry Point: Buy at 1.10050: This is slightly below the current price, close to the S1 pivot point. If the price dips here, it could present a good entry point, particularly if there are signs of a reversal. Target Profit: Target at 1.10900: This is below the pivot point of 1.10966, which could act as resistance. Achieving this target offers a reasonable profit margin while staying within conservative limits. Stop Loss: Stop Loss at 1.09600: Placing the stop loss just below the 200 SMA and S2 pivot point ensures the risk is managed if the price breaks downward. This level is crucial as a breach here could signal a continuation of the bearish trend. Risk-Reward Ratio: Risk-Reward Ratio = 2.5:1: Risk: \(1.10050 - 1.09600 = 45 \) pips Reward: \(1.10900 - 1.10050 = 85 \) pips Detailed Analysis: - The oversold conditions on several oscillators (RSI, Stochastic, Williams Percent Range) indicate that the EUR/USD might be due for a rebound. However, the bearish trend indicated by the moving averages and the COT data suggests that this could be a short-term corrective move rather than a full trend reversal. - The proposed entry point at 1.10050 takes advantage of a potential dip to S1 support, with a target just below the pivot point to capture a likely reversal, while the stop loss is placed below key support to avoid being stopped out prematurely. This strategy balances the potential for a near-term corrective rebound with the overarching bearish trend, providing a favorable risk-reward ratio.Longby lsgnaija0
EURUSD Is Going Up! Long! Please, check our technical outlook for EURUSD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.103. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.109 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
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 1.10477 Wish you good luck in trading to you all!Longby XauusdGoldForexSignals114
EURUSD - ShortGoing into the NY session I'm looking for the buyside liquidity to be taken first and then target the sellside liquidity. If the sellside is taken first, i'll just wait until this buyside is taken unless it creates new buyside liquidity and then i'll look at that level. If buyside is taken, I'll look for an entry on the 1 minute timeframeShortby rpTrading1100
EURUSD: Expecting Bullish Movement! Here is Why: The analysis of the EURUSD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals115
EUR/USD May Correct Downwards#trading_idea #EURUSD 💡 💸 Euro Outlook On the 4-hour chart, the price has moved below the 100-period moving average (MA), which was previously acting as support. The RSI (Relative Strength Index) is exiting the oversold zone, indicating a potential upward correction. 🔼If the price rebounds from the support 1.1030, a rise towards resistance zone 1.1072 - 1.1101 is possible. 🔽Alternatively, the break down the support 1.1030 and slide to 1.10 is likely. 🔷 😎 Choose "👍" if you expect a price rebouns and "👎" if you expect a decline. Shortby sabiotrade0
EURUSD / UNDER DOWNWARD PRESSURE - 4HEURUSD / 4H TIME FRAME HELLO TRADERS in the last chart fit full target . The overall trend remains downward as long as trading stays below the turning level of 1.108. Currently, prices are below this level, suggesting a potential decline towards the first support level at 1.103. If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 1.099 . For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 1.113, and potentially further to 1.119 . KEY LEVELS : Turning Level : 1.108 Resistance Levels : 1.113 , 1.119 Support Levels : 1.103 , 1.099 Shortby ArinaKarayiUpdated 7
Short trade Trade Details: Date: Monday, 2nd September 2024 Pair: EUR/USD Time: 4:00 PM during the NY Session PM Time Frame: (4Hr TF) Trade Type: Sellside trade Entry Level: 1.10697 Profit Level: 1.10042 (a 0.59%) Stop Level: 1.10786 (a 0.08%) Risk-Reward Ratio (RR): 7.36Shortby davidjulien3690
EUR/USD Short – 30-Minute Timeframe: Capitalizing on Strong USD We’re taking a short position on EUR/USD on the 30-minute timeframe, driven by the recent release of the U.S. Core PCE data, which came out neutral at 0.2%. This data supports the narrative of a strong U.S. dollar, contributing to further downside potential for the euro, which is already trending downward. Key Levels: • Entry: Positioned after the release of the Core PCE data, where the euro showed weakness against the dollar, confirming our short bias. • Target: Aiming for lower levels near the key support zones as indicated on the chart. These areas align with the expected continuation of the bearish trend. • Stop-Loss: Placed above the recent high to protect against any potential retracement or unexpected bullish movement in the euro. Market Context: The neutral Core PCE data at 0.2% keeps the dollar strong, as it supports the Federal Reserve’s stance on maintaining higher interest rates for longer. This macroeconomic backdrop, combined with the technical downtrend in the euro, presents a favorable setup for short positions in the EUR/USD pair. Rationale: The euro is under pressure as the U.S. dollar gains strength from the neutral Core PCE data. The market is likely to see further downside, especially as traders digest the implications of sustained high interest rates in the U.S. This trade aims to capitalize on the momentum in favor of the dollar, with a focus on key technical levels that may act as targets for the bearish move. Risk Management: To manage risk, we are implementing a stop-loss above the recent highs and will monitor the trade closely as it approaches key support levels. The risk-to-reward ratio is favorable, given the strong market sentiment against the euro. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.Shortby AR33_Updated 114
EURUSD long on 1 hour timeframeIn my previous analysis I was waiting for price action to give some more information. After breaking the bullish trendline, I am expecting price to move up to 1.11 to meat previous support + the 38.2% fib retracement. SL will go below the recent swing low on lower timeframe.Longby 11021992Updated 1
EURUSD - In Bearish TrendEURUSD in bearish trend. Entry is clearly mentionedd on chart with tp & SL. I also explained all fundaments factors with seasionality.Shortby shayanshah14
EURUSDEU on discount area. Bellow 1.11 our preference are shorts with final targets at 1.0980/1.1000. Waiting to short at 72/77 on asia inducement asia high. With low as target. After will buy at 1.0980/1.1010 area, with 1.1135 as target.Shortby miketiger0
EURUSD Will be in bearish direction after Breaking ChannelHello 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 ChartsLongby ForexMasters20001
Fundamental Market Analysis for September 03, 2024 EURUSDAn event to look out for today: 17:00 GMT+3. USD - ISM Manufacturing Index EURUSD: EUR/USD found thin demand on Monday, starting the new trading week by consolidating above 1.1060. Markets opened on Monday on very low volumes as the US markets were closed due to the Labor Day holiday. Today, the pair is fluctuating below 1.1060. The week ends with the release of EU retail sales and gross domestic product (GDP) growth data on Thursday and Friday respectively. However, the big news of the trading week will be the US employment data series, which starts on Wednesday with the release of JOLTS job openings for July, which is forecast to remain at 8.1 million for the month. On Thursday, the ADP US employment figure for August is expected to rise to 145k from 122k in the previous month, but the key document from the US this week will be Friday's Non-Farm Payrolls (NFP) report for August. A healthy 165k is expected to be released in the US, up from 114k in the previous month. Special attention will be paid to the numbers and any historical changes as this is the last round of NFP jobs data before the Federal Reserve (Fed) meets on September 18 to make the expected first salvo in a new cycle of rate cuts. Trading Recommendation: Watch the level of 1.1030, on a consolidation below we take Sell positions, on a rebound we take Buy positions.Shortby Fresh-Forexcast20040
EURUSD LONGBearish pullback of eurusd. Kindly note that data reports traders have more shorts position than long. Anticipating NFP to do justice Trade safeLongby mrwealthy0
EURUSD ShortThere is not much volatility today due to the U.S. holiday. However, I have seen that so far the FX:EURUSD has not made a new high, I take the opportunity to enter short towards the low zone. Risk: 0.50%. Trade Management: Take partial profits, for example at the low of the Asian session and then move the SL in BE. RR: 3:81Shortby JaytradermbUpdated 0
EURUSD BUYEURUSD. We anticipate a rise in price from this area targeting the resistance at 1.114. This is what the market is giving currently. Looks like a formation of a bearish continuation but we buy for now.Longby Technical_AnalystZAR0
The update of the trend of Euro Della...the caption must be reaHello, I hope you had a good trading week❤ I have shared the update of the previous post, be sure to use it💲 Do not forget to confirm the lower time for its rise and fall so that this analysis is acceptable🎯✔Longby gang_trader12
EURUSD Potential Uptrend Line Breakout At 1.10529 03.09.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_Cowell0
$EURUSD Still bullish. Longs between 1.1010 - 1.1045 to 1.13While above 1.0980 FX:EURUSD is still bullish. Ideal longs at 1.1020/30 for 1.1288/97. Subsequent targets at 1.1477/90. Longer term (June 2025) could see the 1.22 level. Longby Marc_Hav5
EURUSD Pullback The pair continues to trade above 1,1040. Currently, there are short-term selling opportunities. Consider entering a trade if there is a rejection at 1,1100 or after a break and retest of the support level. In the long term, the uptrend is expected to continue. Keep an eye on significant USD news later this week!by ForexTrendline1
EUR/USD to tag 1.11 before its next leg lower?It is good to finally see the USD strength we were calling for finally come into play. It may have a little further to run, which could see further downside on the weekly chart for EUR/USD. But first, we look at a potential long on the daily and 4-hour chart, taking the weekly analysis into account.02:43by CityIndex4