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EUR/USD) support level pullback Technical AnalysisHELLO 👋 Dear friend Euro USD Traders Technical analysis of the EUR/USD (Euro vs US Dollar) on the 4-hour timeframe. Here's a summary of the idea and setup shown:H --- 1. Key Levels: Support Level: Around 1.1330–1.1280 — price has bounced from this level several times, indicating strong demand. Resistance Level: Around 1.1427 — this is the immediate target zone. Resistance Level 2: At 1.1570, the extended target area. --- 2. Current Price Behavior: Price is currently above the 50 EMA and near the middle of the range. The chart projects a potential bullish move after a slight pullback toward the support level. This projected move suggests: A bounce off support. A breakout above the immediate resistance at 1.1427. Continuation toward the upper resistance at 1.1570. --- 3. EMA Analysis: EMA 50 (blue): Price is above it, suggesting short-term bullish momentum. EMA 200 (red): Located much lower, confirming the overall longer-term bullish bias is still intact. --- 4. Price Projection: Target 1: 1.1427 (approx. +1.33% from breakout). Target 2: 1.1570 (total gain approx. +2.5%). --- 5. Trading Idea Summary: Bullish Idea (Buy Setup): Entry: Near support zone (around 1.1330–1.1280). Targets: 1.1427 (TP1), 1.1570 (TP2). Stop-loss: Below 1.1280, to protect against a breakdown. Risk/Reward: Good potential, especially if entering near support.
Long
by CRADLE_King
EUR/USD) resistance level rejected) Analysis Read The ChaptianSMC Trading point update updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis: --- Market Structure Overview: Resistance Level: ~1.14292 Mid Support Zone: ~1.13500 Major Support (Target Point): ~1.12658 Current Price: 1.13787 --- Indicators: EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening. RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum. --- Trading Idea: 1. Short-Term Bullish Move: Price is expected to rise to test the resistance level around 1.14292. 2. Bearish Reversal at Resistance: From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500). 3. Break Below Mid Support: If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level. Mr SMC Trading point --- Strategy Suggestion: Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI. Sell Setup 2: On breakdown and retest of the 1.13500 support zone. Take Profit: Target at 1.12658. Stop Loss: Above 1.14300 or above the most recent swing high. --- Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
EUR /USD) resistance level rejected support level Read The ChaptSMC Trading point update analysis of the EUR/USD currency pair on a 1-hour timeframe, and it presents a potential bearish setup. Here's a breakdown of the idea: Key Elements: Resistance Zone (around 1.14182): The price is currently approaching a marked resistance area. The analysis suggests this could be a turning point where price may reverse. Projected Movement (Black Arrows): The chart predicts a double top formation or a rejection from the resistance level, followed by a strong move downward. Target Point: The drop is expected to reach the key support zone around 1.10942, aligning with a previous structure and a potential liquidity zone. EMA 200 (around 1.10389): Price remains well above the 200 EMA, suggesting the trend is still bullish overall, but the setup targets a potential correction or short-term reversal. RSI Indicator (~60): RSI is above 60 but not overbought yet. This supports the idea that there's room for one more push up into resistance before a drop. Mr SMC Trading point Summary of the Idea: 1. Watch for price reaction around 1.14182. 2. If there's a clear rejection or double top, a short position may be considered. 3. Target area is around 1.10942. 4. The setup assumes a corrective move in a broader bullish trend. plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
EUR /USD) bearish trand analysis Read The ChaptianSMC Trading point update This chart presents a technical analysis of the EUR/USD pair on a 1-hour timeframe. Here's the breakdown and idea behind the analysis: Chart Analysis Summary: 1. Trend Structure: The price was in a downtrend, moving within a descending channel. Recently, the price has rejected the upper boundary of the channel (noted as "down reject"). There's a 200 EMA (Exponential Moving Average) acting as dynamic support around the 1.09086 level. Mr SMC Trading point 2. Support Zone: A strong demand zone (highlighted in yellow) is visible near the 1.08183 area. This zone aligns with previous structure support and a potential reversal point. 3. RSI Indicator: RSI is around 49, showing a neutral to slightly bearish momentum. No overbought/oversold signals yet, suggesting room for further downside before a reversal. 4. Projection Idea: The analyst expects a possible short-term drop into the yellow support zone (target: 1.08183). After reaching the target, a bullish reversal is anticipated, aiming for a breakout above the downtrend with a rally towards the 1.10500+ zone. Trading Idea: Short-Term Bearish Move: Sell toward 1.08183 if price confirms rejection of the trendline or 200 EMA. Medium-Term Bullish Reversal: Watch for bullish confirmation (e.g., engulfing candle, RSI divergence) at the 1.08183 zone to go long toward higher highs. Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
EUR/USD Bearish Correction: Resistance Rejection & Support TargeTrading point update This chart provides a technical analysis of EUR/USD on the 3-hour timeframe with key insights: Analysis & Expectations 1. Overbought Condition & Rejection Price reached a strong resistance zone (highlighted in yellow) around 1.11425 - 1.10751, leading to a sharp rejection. The RSI is in the overbought zone (~68.43) and showing a downward slope, indicating a potential bearish correction. Mr SMC Trading point 2. Expected Bearish Correction A potential drop is expected toward the support level around 1.08501 - 1.07925, aligning with past price action. The 200 EMA (1.07757) also serves as a significant support level, reinforcing a possible retracement. 3. Target Levels Short-term Bearish Target: 1.08501 (Support level) Key Support Zone: 1.07925 - 1.07757 (Near 200 EMA) Conclusion The analysis suggests a bearish retracement after the strong bullish move. Traders may look for short opportunities targeting the support level and 200 EMA while watching for confirmation signals before entering. Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
#EURUSD. 🔴 M15. Short. (#EuroUSDollar). The Entry Price is higher than the Market Opening Price.(✔️) M15 imbalance on the potential of the H1 range. (✔️) Below the level of the First Seller of stock options. (⚠️) ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see. According to my entry point, the first target has already worked out, and now the imbalance is retested. entry: 1.10066 (on imbalance test) stop: 1.10322 tp-1: 1.09799 tp-2: 1.09276
Short
by TrEKone
FOREX NOT FALLING IN TRAP (EURO/USD)As we all know Forex is the largest and most popular financial market in the world, which means it is extremely liquid and frequently sees a daily turnover of trillions of dollars. But at the end in trading it's all a ZERO SUM GAME if someone makes money on one side then someone loses money on the other side. So it's very important for us to be on the right path to survive in these markets and make money consistently which is also not an easy task. So the best-proven way one can stay profitable is to trade in the trends direction as we all might have heard before TREND IS OUR FRIEND. So be on the bigger trend path and look for the correct trades. Here I am sharing an analysis on EURO/USD in which I have shown you the direction of the trend and given a plan how you can trade it and even if you want to go against the trend or might feel like the trend is reversing right now then where you should be looking the price to be and how you can trade it when the trend reverse. I have shared my analysis on charts go and watch it out. Don't chase before the price wait for the price to come near your zones as earlier a wise man once said '' PLAN THE TRADE AND TRADE THE PLAN " Hope you enjoy and learn something new from it👍 - Pranesh Sahoo FOR MORE IDEAS PLEASE SUPPORT BY SHARING THE ANALYSIS AND DO FOLLOW AND LIKE. IF ANY DOUBT ARISES DO COMMENT DOWN BELOW I WOULD LOVE TO HELP YOU.
Short
by PraneshTrades