Eurusd forecast Hi traders. We have an Engulf below of chart. It's sign of market direction. We will have reversal in future
EURUSD trade ideas
EURUSD_108 2024.11.04 06:07:08 Trading Signal SELLFrankPro Signal for EURUSD_108
Type: Screen
Signal: SELL
TP: 1.08618
SL: 1.09058
Entry Price: 1.09003
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Down
Forecast Methods(Short-Term, Long-Term):
ST=Same LT=Down
ST=Down LT=Up
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* However, oversold conditions and the narrowing yield gap may lead to an upward price rebound.
* A breakout above the resistance level of 1.0905 would confirm the growth option, while a drop below 1.0745 would indicate a continuation of the decline.
* Given the mixed signals, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short-term, with a possible rebound later.
**Long-term (next few weeks/months):**
* The Elliott Wave Analysis suggests that the EUR/USD trend is down on the daily chart, with resistance at 1.11275.
* A decisive bullish breakout above 1.11275 would suggest the end of the downtrend.
* However, the poor performance of European equities and weaker-than-anticipated earnings in Europe may continue to undermine the market mood, supporting the US Dollar.
* Considering the long-term downtrend and the potential for a bearish wave C zigzag pattern, I would say that the price is expected to **go down** in the long-term, with a possible target below 1.0745.
Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Same LT=Down
Analysis Method(1)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days/week):**
* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* A potential upward price rebound and continued growth towards the area above 1.0995 is possible.
* The technical analysis suggests a bearish trend, but a corrective advance is possible.
* The Momentum indicator is heading south near oversold readings, which could indicate a potential upward correction.
**Expected price movement:** Down (testing support near 1.0825) followed by a potential Upward correction.
**Long-term (remainder of 2024 and beyond):**
* Most analysts expect the EUR/USD exchange rate to appreciate, reaching fresh yearly highs.
* The long-term trend is upward, with targets around the 2023 high of 1.1275 and potentially extending to 1.1495.
* The Elliott Wave Analysis suggests a potential bullish breakout above 1.1275, which would indicate the end of the downtrend.
**Expected price movement:** Up, with a potential target of 1.1275 and beyond.
Please note that these assessments are based on the provided analysis and are subject to change as new data and events become available.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided data, I will analyze the EUR/USD exchange rate and provide a short-term and long-term outlook.
**Short-term Analysis (November 2024)**
* The forecast for November 2024 suggests a slight decrease in the EUR/USD exchange rate, with an expected average of 1.085 and a forecasted end-of-month rate of 1.083, representing a -1.1% change.
* The technical analysis using Elliott Wave Theory indicates a downtrend on the daily chart, but an uptrend on the one-hour chart.
* The resistance level at 1.11275 and support level at 1.0768 are crucial levels to watch.
**Short-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **stay the same** or experience a slight decrease in the short term, with a possible range-bound movement between the resistance and support levels.
**Long-term Analysis (Quarterly and 12-month outlook)**
* The EUR/USD is expected to trade at 1.07 by the end of this quarter, representing a decrease from the current level.
* In 12 months, the exchange rate is expected to be at 1.05, indicating a further decline.
**Long-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **go down** in the long term, with a possible decline of around 3-4% from the current level over the next quarter and a further decline of around 5-6% over the next 12 months.
Please note that these outlooks are based on the provided data and analysis, and market conditions can change rapidly. It's essential to stay up-to-date with the latest news and analysis to make informed trading decisions.
Result: ST=Down LT=Down
EURUSD-BUY strategy 6-hourly KAGI chartThe pair is destined to move higher over time (bear in mind short term may move little lower first). The indicators are positive overall, and correction can take us back towards 1.1165 with resistance 1.0960 area, which has been a longer term resistance from the distant past.
Strategy BUY @ 1.0870-1.0900 and take profit @ 1.1117 for now.
EURUSD_108 2024.11.04 05:39:07 Trading Signal SELLFrankPro Signal for EURUSD_108
Type: Screen
Signal: SELL
TP: 1.08586
SL: 1.0901
Entry Price: 1.08957
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Down
Forecast Methods(Short-Term, Long-Term):
ST=Same LT=Down
ST=Down LT=Up
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* However, oversold conditions and the narrowing yield gap may lead to an upward price rebound.
* A breakout above the resistance level of 1.0905 would confirm the growth option, while a drop below 1.0745 would indicate a continuation of the decline.
* Given the mixed signals, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short-term, with a possible rebound later.
**Long-term (next few weeks/months):**
* The Elliott Wave Analysis suggests that the EUR/USD trend is down on the daily chart, with resistance at 1.11275.
* A decisive bullish breakout above 1.11275 would suggest the end of the downtrend.
* However, the poor performance of European equities and weaker-than-anticipated earnings in Europe may continue to undermine the market mood, supporting the US Dollar.
* Considering the long-term downtrend and the potential for a bearish wave C zigzag pattern, I would say that the price is expected to **go down** in the long-term, with a possible target below 1.0745.
Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Same LT=Down
Analysis Method(1)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days/week):**
* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* A potential upward price rebound and continued growth towards the area above 1.0995 is possible.
* The technical analysis suggests a bearish trend, but a corrective advance is possible.
* The Momentum indicator is heading south near oversold readings, which could indicate a potential upward correction.
**Expected price movement:** Down (testing support near 1.0825) followed by a potential Upward correction.
**Long-term (remainder of 2024 and beyond):**
* Most analysts expect the EUR/USD exchange rate to appreciate, reaching fresh yearly highs.
* The long-term trend is upward, with targets around the 2023 high of 1.1275 and potentially extending to 1.1495.
* The Elliott Wave Analysis suggests a potential bullish breakout above 1.1275, which would indicate the end of the downtrend.
**Expected price movement:** Up, with a potential target of 1.1275 and beyond.
Please note that these assessments are based on the provided analysis and are subject to change as new data and events become available.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided data, I will analyze the EUR/USD exchange rate and provide a short-term and long-term outlook.
**Short-term Analysis (November 2024)**
* The forecast for November 2024 suggests a slight decrease in the EUR/USD exchange rate, with an expected average of 1.085 and a forecasted end-of-month rate of 1.083, representing a -1.1% change.
* The technical analysis using Elliott Wave Theory indicates a downtrend on the daily chart, but an uptrend on the one-hour chart.
* The resistance level at 1.11275 and support level at 1.0768 are crucial levels to watch.
**Short-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **stay the same** or experience a slight decrease in the short term, with a possible range-bound movement between the resistance and support levels.
**Long-term Analysis (Quarterly and 12-month outlook)**
* The EUR/USD is expected to trade at 1.07 by the end of this quarter, representing a decrease from the current level.
* In 12 months, the exchange rate is expected to be at 1.05, indicating a further decline.
**Long-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **go down** in the long term, with a possible decline of around 3-4% from the current level over the next quarter and a further decline of around 5-6% over the next 12 months.
Please note that these outlooks are based on the provided data and analysis, and market conditions can change rapidly. It's essential to stay up-to-date with the latest news and analysis to make informed trading decisions.
Result: ST=Down LT=Down
EURUSD-SELL strategy 90 minThe pair had an opening gap at opening, and tried higher levels. Its resistance is around 1.0919 and its base @ 1.0851 for now.
Strategy for very short term is SELL @ 1.0890-1.0910 and take profit near 1.0855 for now.
Medium-term BUY @ 1.0850-1.0870 range for a move to 1.1117
Week of NewsThis week is expected to bring major market movements due to upcoming news events.
Tomorrow, the U.S. presidential election takes place, and on Thursday, the Federal Reserve (FED) will announce the interest rate.
During times like these, it’s important to decide whether to trade and, if you do, what level of risk to use.
Market movements during elections can be extremely large and unpredictable.
Once the direction is set, there may be good entry opportunities.
Read The EURUSD MarketLet's Read the EURUSD Chart and Looking at Price Actions to Prepare for start a great Week, Good Luck With Your Trades <3
EURUSD_116 2024.11.04 02:28:05 Trading Signal SELLFrankPro Signal for EURUSD_116
Type: Screen
Signal: SELL
TP: 1.08402
SL: 1.08954
Entry Price: 1.08885
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Down
Forecast Methods(Short-Term, Long-Term):
ST=Same LT=Down
ST=Down LT=Up
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* However, oversold conditions and the narrowing yield gap may lead to an upward price rebound.
* A breakout above the resistance level of 1.0905 would confirm the growth option, while a drop below 1.0745 would indicate a continuation of the decline.
* Given the mixed signals, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short-term, with a possible rebound later.
**Long-term (next few weeks/months):**
* The Elliott Wave Analysis suggests that the EUR/USD trend is down on the daily chart, with resistance at 1.11275.
* A decisive bullish breakout above 1.11275 would suggest the end of the downtrend.
* However, the poor performance of European equities and weaker-than-anticipated earnings in Europe may continue to undermine the market mood, supporting the US Dollar.
* Considering the long-term downtrend and the potential for a bearish wave C zigzag pattern, I would say that the price is expected to **go down** in the long-term, with a possible target below 1.0745.
Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Same LT=Down
Analysis Method(1)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days/week):**
* The pair is expected to attempt to continue its decline, testing the support area near 1.0825.
* A potential upward price rebound and continued growth towards the area above 1.0995 is possible.
* The technical analysis suggests a bearish trend, but a corrective advance is possible.
* The Momentum indicator is heading south near oversold readings, which could indicate a potential upward correction.
**Expected price movement:** Down (testing support near 1.0825) followed by a potential Upward correction.
**Long-term (remainder of 2024 and beyond):**
* Most analysts expect the EUR/USD exchange rate to appreciate, reaching fresh yearly highs.
* The long-term trend is upward, with targets around the 2023 high of 1.1275 and potentially extending to 1.1495.
* The Elliott Wave Analysis suggests a potential bullish breakout above 1.1275, which would indicate the end of the downtrend.
**Expected price movement:** Up, with a potential target of 1.1275 and beyond.
Please note that these assessments are based on the provided analysis and are subject to change as new data and events become available.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided data, I will analyze the EUR/USD exchange rate and provide a short-term and long-term outlook.
**Short-term Analysis (November 2024)**
* The forecast for November 2024 suggests a slight decrease in the EUR/USD exchange rate, with an expected average of 1.085 and a forecasted end-of-month rate of 1.083, representing a -1.1% change.
* The technical analysis using Elliott Wave Theory indicates a downtrend on the daily chart, but an uptrend on the one-hour chart.
* The resistance level at 1.11275 and support level at 1.0768 are crucial levels to watch.
**Short-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **stay the same** or experience a slight decrease in the short term, with a possible range-bound movement between the resistance and support levels.
**Long-term Analysis (Quarterly and 12-month outlook)**
* The EUR/USD is expected to trade at 1.07 by the end of this quarter, representing a decrease from the current level.
* In 12 months, the exchange rate is expected to be at 1.05, indicating a further decline.
**Long-term Outlook:** Based on the analysis, the EUR/USD exchange rate is expected to **go down** in the long term, with a possible decline of around 3-4% from the current level over the next quarter and a further decline of around 5-6% over the next 12 months.
Please note that these outlooks are based on the provided data and analysis, and market conditions can change rapidly. It's essential to stay up-to-date with the latest news and analysis to make informed trading decisions.
Result: ST=Down LT=Down
fib at 1.1034fibonnaci at 1.1034, it is my 1st target and first real ressistance, appart of not beeing there the price for long in my pov, but dxy has a resistance on the 16th of august at that level wht can invade the long posistion making a bigger resistance, but imo it will might go to 1.12 to 1.14 but only the markets can say, and be careful on election day.
keep ur trading safe, do your own analysis, you can take value in others persons analysis but do ur own, and keep ur risk safe,
take care at elections day, it can change everything,.
EURUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0919, which is an overlap resistance and 127.2% Fibonacci extension.
Our take profit will be at 1.0839, a pullback support level.
The stop loss will be at 1.0969, an overlap resistance level.
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High Probability EURUSD Buy Setup – FVG RespectEURUSD is showing a strong buy setup as price respects a daily Fair Value Gap (FVG) while forming a short-term swing high. A secondary FVG was created as price broke through the swing high, causing a retracement back into the FVG. The displacement through this high and respect of the FVG suggest bullish continuation, targeting the next daily swing high at 1.09981.
DYOR
EURUSD InsightHello, subscribers! Great to see you all here. Please share your personal opinions in the comments, and don’t forget to like and subscribe.
Key Points
- U.S. employment data shock: Nonfarm payrolls increased by only 12,000 in October.
- The weak U.S. employment data is attributed to the effects of a hurricane and the Boeing strike.
- The market anticipates it will be challenging for the Fed to avoid a 25 basis point rate cut in the November FOMC meeting.
- Germany’s October CPI rose 2.0% year-on-year, rebounding after three months.
- The Eurozone’s October CPI also increased by 2.0% year-on-year, exceeding the forecast of 1.9%.
- The U.S. September Personal Consumption Expenditures (PCE) price index rose 2.7% year-on-year, surpassing the forecast of 2.6%.
Major Economic Indicators
- November 5: Reserve Bank of Australia rate decision, U.S. presidential election
- November 7: Bank of England rate decision
- November 8: FOMC meeting results
EUR/USD Trend Analysis
The Euro appears to have successfully rebounded from the lower support level. This upward trend is expected to reach the 1.10000 line. In the long term, a rise to the trend high of 1.14000 is anticipated; however, resistance at the 1.10000 line may lead to a short-term pullback.
If, contrary to expectations, a stronger downward move occurs and breaks below 1.07500, the price may fall to the 1.04500 line, in which case a new strategy will be quickly established.
#EURUSD - 04112024Perfect path given on Friday; I was bearish EURUSD on Friday; and we saw how nicely EURUSD moved down lower first, hit the double level, rallied 50 pips to my sell level and it sold down 70 pips to close near the lows.
Today, it opened gap u; that indicate a possible change in trend. Weekly candle is bullish IMO, thus plan for today is a possible pullback to PZ but look for a move higher.
EURUSDThe EURUSD has the potential for a bearish swing on the fundamental side, as the euro is not doing well!
The forthcoming US elections on Tuesday 5 November 2024 could help the euro fall ...
On my chart I have identified two zones, my black line which would give me a bearish candle and my trendline if the price is brought to break it could make the price fall below a return to 1.06000.
November will trigger a price expansion, but it remains to be seen in which direction!
Swing trade EurLive swing trade in euro. I am Short and Aiming for the June low. I'm also curious about how will react on election day and when they find out the new president
Swing trade EurLive swing trade in euro. I am Short and Aiming for the June low. I'm also curious about how will react on election day and when they find out the new president
EURUSD Set for Potential Upside as It Tests 1W Pivot PointHello,
FX:EURUSD is approaching the 1-week pivot point (PP) once again. If this level holds, there could be potential upside, targeting the 1-year and 1-month pivot points. A breakout and sustained close above these levels could lead to further gains toward the 1.11929–1.14963 range.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
What to do the week America votes?The dollar and the Euro depending on the future president of the USA.
The most important week, both for the United States and the rest of the world, and also for the currency markets.
The choice between Donald Trump and Kamala Harris is key for the future of the United States, as well as for the development of economies around the world.
On November 5, 2024, Tuesday is the election in the USA.
The election of Kamala will definitely not affect the dollar well, while the election of Trump would have a positive effect. But there is one very big BUT. In both elections, unrest is very likely to follow, which would adversely affect the United States.
Thus, the "elections 2024" drama will not end with the final decision of the voters.
Betting on Gold is much safer in these absolutely uncertain times.
Even more so with the news that more and more millionaires are trying to leave the United States.
After the employment data, this week, fundamentals will generally be left for later trading when the passions surrounding the election die down.
Our advice is to choose gold instead of the dollar or euro. You can't go wrong with gold for medium to long term trading.
This week, trading will start neutral in anticipation of the news surrounding the elections, but it is possible that individual players will be quite aggressive in the markets. The probability of very large trade turnovers is very high.
In addition to the US election, on Tuesday you can watch the ECB's President Lagarde speech, as well as data on the ISM Services PMI (Oct).
On Thursday after the election, pay attention to the Fed Interest Rate Decision, where a 25 basis point cut is expected.
If everything around the election goes smoothly (although it is unlikely), then the expected lowering of interest rates in the United States will be the main driving event for the week.
Analysis EUR/USDLast week, I mentioned that it would be bullish, and I hope you took advantage of the trading opportunity.
On Friday, there was manipulation by the banks, which pushed the price downward. What I see is strong bearish momentum at the market close.
On the lower time frames (4h/1h), we have a BOS (Break of Structure) as confirmation that there could be a continuation of the bullish momentum from last week. I will wait for Monday to develop to determine how and in what way to trade.
Be patient and let’s see what the price will show us.
WAITING PATIENTLY!!!Looking at EU we can see the pair has just broken structure to the upside and then targeted a weak low and pushed thru creating a change of character. Currently waiting to see if it returns to our point of interest to determine if we have an entry.
Good luck traders!
EUR/USD: PAT + VPA 10/02/2024Good afternoon,
Today, my focus will be on identifying long entries for a long position, as we appear to have reached a selling climax.
On the 15-minute time frame, a robust demand zone is evident between 1.0300 and 1.0400. The market has made a significant move towards 1.0300, leaving indications of early buying activity from "Market Makers." A notable reversal occurred on October 1st, followed by the formation of a bullish wedge (which is typically a bearish pattern) that pushed the market below the previous low. Currently, we are beginning to form a triangle on the 15-minute chart, which serves as a critical signal for a potential market reversal, particularly since it has not managed to fill the liquidity above it. This downward movement seems designed to eliminate the remaining sellers and early buyers. Additionally, my strategy, "High Clear," has materialized, suggesting that a liquidity sweep of the recent low was anticipated.
I am now monitoring the fourth leg of the triangle as it approaches the lower congestion line, preparing for a potential breakout with the fifth leg. It is important to note that if a sixth leg forms, it would indicate a continuation of the market trend.
I suspect that the market is attempting to prompt traders to shift to short positions, setting the stage for one final significant rally towards 1.1300. I anticipate that the market could reach this level in the coming weeks, unless we observe the formation of a six-legged triangle.
The Pip Assassin
FX:EURUSD TVC:DXY XETR:DAX
EUR Strong until Q1 next yearI believe we have more reason to go Strong EUR! Price has been switching to Strong EUR since 10/03/2023.
We are currently forming a triangle on the daily meaning we are going to have a weekly and monthly move ahead with a lot of power!
** This is my view, what are some of yours?**
For new traders:
Never assume a country will be bankrupt off a single currency exchange ... Us can get weaker and still be force. The nation carries the currency not the other way!
Strong EUR? - A EUR/USD AnalysisEUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar rejection candle on 3/19/2024.
- Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month.
- Breaking the 1.098 level, could lead to a bigger move up toward 1.11.
** as always, trade smart, trade responsible, and manage the risk as much as the reward **
