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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.0607 On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044. But, technically, the retest of 1.0607 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout. Resistance levels: 1.0607, 1.965, 1.076 Support levels: 1.0448, 1.0331 Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
1
#EURUSD 1HEURUSD 1-Hour Analysis The EURUSD pair is trading within a downtrend channel on the 1-hour chart and is approaching a key support area near the lower boundary of the channel. This support zone presents a potential buy opportunity as it may act as a reversal point for a short-term bullish move. Technical Outlook: Pattern: Downtrend Channel and Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Consider entering a buy position near the channel's support line, confirming with bullish price action signals such as a bullish engulfing candlestick or a bounce from the support level. Traders should ensure proper risk management by placing stop-loss orders below the support level to account for potential breakdowns. Profit targets can be set at the midline or upper boundary of the channel for optimal returns.
Long
by PIPSFIGHTER
EURUSD Next possible moveSAXO:EURUSD Title "EUR/USD Intraday Analysis: Sell Entry Targets Lower Levels | Dollar Strengthens" Market Context "EUR/USD faces renewed selling pressure as the U.S. dollar strengthens on hawkish Federal Reserve expectations. Weak Eurozone sentiment adds to the pair's downside bias." Technical Analysis *"Today’s sell entry is supported by the following: Trend Structure: Persistent lower highs and lower lows signal a prevailing downtrend. EMA Dynamics: Price remains below the 20 and 50 EMAs, highlighting continued bearish momentum. RSI: Falling below 45, indicating growing selling pressure. MACD: Negative histogram bars are widening, confirming the bearish tone. Key Levels: Support: 1.0490 (intraday), 1.0460 (next target). Resistance: 1.0525 (intraday), 1.0550 (key pivot). A break above 1.0550 could neutralize bearish sentiment."* News Context "Upcoming: U.S. ISM Services PMI and Eurozone economic reports could drive intraday volatility. Previous: Strong U.S. labor market data reinforced expectations for tighter monetary policy, keeping the dollar supported." Call to Action "Will EUR/USD break below key support levels, or can buyers reclaim control? Share your insights and strategies in the comments!"
Short
by RBSBALA
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0482 2nd Support – 1.0445 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
32
Trading Signal for EUR/USD for December 13-14. 2024According to the decline of 1.06316 we sought that EUR/USD will make some pool back on the support of 1.05338, or the second support which found at 1.04903. But that tow support failed to carry the price and pushing it back higher to break the resistance which found at 1.06316. But now has you can see that EUR/USD the pare is still in sell direction after the break of 1.04903 and we have a confidence that the break of the area of support can confirm that the price will continuing going lower EUR/USD has always moved within trend channels. So. we believe that there could be a technical correction below 1.04403. Thus, the price could reach the 1.03479 area. Technically, we expect a range of price movements between 1.03344 and 1.03957. Once again i want to remand you that the downtrend started three months ago and remains intact in the medium term. The movement that we have seen in recent weeks is a correction Therefore, we expect the correction to be completed, the price to consolidate below the line.
by CEO-PREMIUM-ANALYSIS