Instant Buying Postion in EURUSD ChartInstant Buying Postion Based on Market Supports Trend line in the the current EURUS. Accordingly SL and TP is marked. one can take the trade keeping in view the tight risk management enabled.
EURUSD trade ideas
Potential buys on EurusdI'm seeing the market failing to pass it last low it made on 4hr TF after breaking a resistance level. Followed by my confirmations. What's are your thoughts ?
Check the trend As long as the price fluctuates above the red support zone, there is a chance to continue the uptrend to the indicated resistance levels. Otherwise, with the failure of the support range, the continuation of the downward trend will be possible
EURUSD analysis 11/1EURUSD is recovering gradually after a long period of weakness. 1.082 is considered the immediate support zone of the pair and the next support zone at 1.077 is the expected two hooks to BUY in today's nonfarm. The uptrend will be limited by the border zone of 1.095 and 1.100. Wish you a favorable trading day with my analysis.
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.
Euro-dollar, dailyApart from slightly disappointing American GDP, euro-dollar has also made gains in recent days on stronger than expected growth in the eurozone generally and in major national economies. Preliminary German inflation for October rose more than expected to 2%.
Relatively high volume of buying and a move out of oversold by the slow stochastic after 24 October’s upward engulfing candlestick would usually suggest an ongoing bounce, but that looks more difficult with the 200 SMA only slightly above the current price. If there’s a break above there, the target would probably be the value area between the 50 and 100 SMAs slightly below $1.10.
A clear break back to $1.07 and the 100% weekly Fibonacci retracement doesn’t seem at all favourable for now. However, a positive surprise from the NFP could push the price back to its recent starting point near $1.076 at least temporarily.
EUR/USD shows potential (READ DESCRIPTION)Pivot Point: 1.0860
EUR/USD shows potential for an upward move, with projected gains of 27 - 42 pips, supported by a pivot level at 1.0860.
Our Preference: Long Positions
Consider long positions above 1.0860 with the following target levels:
Primary Target: 1.0900 — this level may serve as the first resistance, where some consolidation or minor retracement could occur.
Secondary Target: 1.0915 — if this level is reached, it may indicate stronger bullish momentum, potentially supporting further advances.
Alternative Scenario: Downside Potential
If EUR/USD dips below 1.0860, consider a move lower with targets:
First Target: 1.0845 — an intermediate support level that could act as a buffer for downward momentum.
Second Target: 1.0830 — a more substantial support level that may result in either a consolidation or a sustained bearish push if breached.
Technical Indicators & Analysis
Relative Strength Index (RSI): The RSI indicates consolidation but remains above its neutrality area at 50, suggesting moderate upward momentum.
Moving Average Convergence Divergence (MACD): The MACD may be nearing or above its signal line, reinforcing a slight bullish trend; however, a potential cross below could indicate a return to consolidation or slight bearish pressure.
Moving Averages: EUR/USD is positioned above its 20-period and 50-period moving averages, signaling a short-term bullish trend with support for the upside move.
Key Levels & Price Action Outlook
Above 1.0860: A sustained move above this level can support gains toward 1.0900 initially. Consolidation may occur at this level, but continued strength would open up 1.0915, which is a more substantial resistance level and an extended target for long positions.
Below 1.0860: Dropping below this pivot could lead to further declines. 1.0845 may serve as an initial support, and a break here could lead to a test of 1.0830. This deeper level may offer stronger support and could signal either a bottoming for a potential rebound or a continuation of bearish movement.
EURUSD Daily Pivot Points Analysis📣EURUSD Daily Pivot Points Analysis
Daily R3 - 1.0944
Daily R2 - 1.0916
Daily R1 - 1.0900
Daily Pivot Point - 1.0872
Daily S1 - 1.0856
Daily S2 - 1.0828
Daily S3 - 1.0812
Today we have NFP data which makes this analysis a bit difficult as long as the market will speculate about the US Election and NFP data and the FED rate cut.
However the support and resistance zones can be used for pullback trading.
Scenario_1 - if EURUSD moves up it may rise up to Daily R3 - 1.0944 and from that zone it can move down to Daily R2 - 1.0916; Daily R1 - 1.0900 and Daily Pivot Point - 1.0872
Scenario_2 - if EURUSD moves down it may test Daily S3 - 1.0812, from the aggressive volume and from that zone it may rise Daily S2 - 1.0828; Daily S1 - 1.0856 and Daily Pivot Point - 1.0872
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
Small retrace on fridayI expect a small retrace here to the 200EMA on the 1hr or 50EMA on the 4hr timeframe. There is a big vector candle that we could recover, before moving higher afterwards. So short term short and mid term long idea here.
Euro at the bottom of the channelOn the daily time frame, EURUSD reached the bottom of its ascending channel and we saw a temporary positive reaction from it. This reaction point, in addition to being the bottom of the ascending channel, was also an important order block in my daily time frame, which caused the price reaction. The medium-term target is the middle line of the channel.
EURUSD Forecast Over the past week EURUSD it has been on a long sell on daily timeframe and it is currently retracing upto resistance zone and the price rejects the zone and it will continue with the sell upto the Demand zone. There is a liquidity pool
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.
Recognize the problems that you have..Trading is a complex venture that involves understanding financial instruments, charts, patterns, market conditions, risk management and other factors.
Becoming a successful trader requires more than technical knowledge. You also need to develop the right mindset to navigate the psychological intricacies of trading.
Human emotion, instinct, and behavior can profoundly impact your decision-making process. That’s why it’s important to understand trading psychology.
~ OGwavetrader
EUR/USDEUR/USD. I have the following view of this pair>> from 4HTF we are Bullish, I would expect longs in Long M2 on 4HTF where these zones are located >> vpoc yesterday, wvah this week, vpocr and 2DK where I would expect a third touch into long. On 30MTF we have now closed below today's VAL and also vwapem, here I could focus on short positions into Long M2 on 4HTF.
Possible Bearish MarketPrice action was used to clarify waves; Patterns were considered based on the major waves and to approximate the reversal time.
EURUSD buying oppurtunity, Trend reversal pattern (Read more)..EURUSD Price Forecast 🚀
OANDA:EURUSD
EURUSD has broken out of its downtrend with a strong bullish candle, forming an inverted head & shoulders pattern that’s confirmed a neckline breakout. Volume is increasing on the buying side, with a 200 EMA & 50 EMA golden crossover signaling a buying opportunity.
Trade Setup:
Entry: 1.0820
Target 1: 1.0860
Target 2: 1.0950
Stop Loss: 1.0780
EURUSD Before NFPYesterday, EURUSD held below 1,0900 as it awaits key events.
Today, NFP data will be released, which will have an impact.
The market's reaction to the news will shape the next move ahead of next week’s elections.
Key resistance: 1,0933
Key support: 1,0837
Watch for misleading moves and avoid rushing into trades.
During news events, trade with reduced risk!
Euro Declines Slightly - What Direction for Investors?Hello everyone,
Today, the Euro/USD exchange rate is recorded at approximately 1.05 USD for each Euro. On this day, the exchange rate has seen a slight decline of about 0.09% compared to the previous trading session.
The ECB has maintained a tight monetary policy to combat inflation, but I believe the bank may adjust its policy if economic data does not show positive trends. This creates pressure on the Euro. Additionally, recent economic data from the Eurozone indicates a sluggish recovery, particularly in the manufacturing and services sectors. This has diminished investors' confidence in the recovery potential of the European economy.
In the near future, the fluctuations in the Euro exchange rate may depend on new policies from the ECB and the economic developments in Europe. If the USD strengthens, the Euro will face downward pressure in the upcoming period.
EURUSD increased sharply: Target 1,095?Hello everyone!
EURUSD is witnessing an impressive increase after a long decline, this pair of money has been stable around the threshold of 1,087 and has not shown signs of stopping.
Looking at the time frames, the strong growth trend of EURUSD brings clear optimism. However, the current pair of money is under the resistance level immediately at 1,088. The passing of this level will lead to an increase in price while maintaining this level will lead to decreasing prices.
With the current situation, it is likely that the 1,0857 milestone may be tested to check the reaction with EMA 34 and 89 lines before the market offers a more definitive direction.
The upcoming goal? 1,090 and further than 1,095.
I wish you a lot of luck and profit!
EURUSD H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0838, which is a pullback support.
Our take profit will be at 1.0905, a pullback resistance.
The stop loss will be placed at 1.0770, which is a multi-swing low support level.
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EURUSD Daily Bias!Disclaimer:
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