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Eurusd-3

EURUSD bulls still in the game as markets await Fed, ECB playAlthough the EURUSD is all set for the first weekly loss in four, despite refreshing the 17-month high, the buyers aren’t off the board as multiple supports stand tall to challenge the downside ahead of the key week comprising monetary policy meeting from the Fed and the ECB. That said, a three-month-old horizontal support area surrounding 1.1100-1090. Following that, a broad support zone comprising multiple levels marked since early May can challenge the Euro bears between 1.1030 and 1.1000. Even if the quote breaks the 1.1000 psychological magnet, a seven-week-long rising support line near 1.0920 will act as the last defense of the buyers. On the contrary, the EURUSD rebound may initially aim for the support-turned-resistance line near 1.1180 and then to 1.1230 ahead of confronting the 1.1275-80 resistance region comprising levels marked during early 2022. In a case where the Euro pair manages to remain firmer past 1.1280, the previous yearly high of near 1.1500 will be in the spotlight. It should be noted that the pair’s run-up beyond 1.1500 needs to gain support from the hawkish ECB, as well as the dovish Fed, to aim for the late 2021 peak around 1.1700. On a different note, the RSI line slides below the 50 level suggesting brighter chances of a bottom-picking even if the MACD flashes bearish signals. To sum up, EURUSD remains on the buyer’s radar despite the latest retreat as the key event remain on the docket to shake the markets next week.
by MTradingGlobal
EURUSD bulls have multiple challenges in keeping the reinsEURUSD braces for the biggest weekly gain since November 2022 while poking the 16-month high as markets await more clues to confirm the nearness of the Fed’s policy pivot. It’s worth noting, however, that the overbought RSI conditions and an ascending resistance line from November 2022, around 1.1250 by the press time, challenge the buyers of late. Even if the quote remains firmer past 1.1250, the 1.1300 round figure will act as additional checks during the further upside. Following that, the Euro bulls will put their eyes on the previous yearly high of around 1.1500. On the contrary, pullback moves remain elusive unless the EURUSD remains firmer past the previous resistance line from February, near 1.1180 at the latest, as well as the April 2023 high of around 1.1100. A clear break of which can direct the Euro sellers towards February’s high of around 1.1030 and then to the previous monthly high of around 1.1010, quickly followed by the 1.1000 psychological magnet. In a case where the Euro bears dominate past 1.1000, a convergence of the 50-DMA and the 100-DMA, near 1.0850, will be a tough nut to crack for them. Overall, EURUSD remains on the bull’s radar despite witnessing bullish exhaustion.
by MTradingGlobal
#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
ICT Approach to EURUSD Short.Hello traders! I'm not going to elaborate on this too much. We're hitting equilibrium prices on the weekly and daily . Resistance expected . We also have a Daily Bearish OB that has already been tested, thus confirming a bearish move. The white box is a mitigation block which was not tested clearly earlier and left a gap. That what is expected to be filled. Hope you find this analysis useful. Only for educational purposes. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Short
by UnknownUnicorn27677748
Falling wedge highlights EURUSD as markets await FOMC MinutesEURUSD pares weekly losses within a fortnight-long falling wedge bullish chart formation ahead of Fed Minutes. The major currency pair’s rebound appears more interesting as it stays beyond the 200-EMA amid a steady RSI (14) line, suggesting further upside. However, the Euro bulls need to carve out the 1.0920 hurdle to confirm the bullish pattern pointing towards the theoretical target of 1.1100. However, the late June high of around 1.1010 and the yearly peak of around 1.1095 may act as an intermediate halt during the anticipated rise. Meanwhile, a downside break of the 200-EMA, around 1.0865 at the latest, will direct the EURUSD bears toward confronting the 1.0835-30 support confluence comprising the stated wedge’s bottom line and an ascending trend line from late May. It’s worth noting that a clear downside break of 1.0830 will make the Euro pair vulnerable to testing the early June swing high of around 1.0780. Additionally, the quote’s weakness past 1.0780 could direct it to the previous monthly low of near 1.0660. Overall, the EURUSD pair is likely preparing for a bullish move but the upside needs to cross the 1.0920 resistance and gain support from the dovish Fed Minutes to convince the buyers.
by MTradingGlobal
EURUSD bears have a long road ahead before taking controlEURUSD holds onto the previous week’s U-turn from a five-month-old horizontal resistance while bracing for the second weekly loss, targeting the 50-EMA support of around 1.0850 of late amid a looming bear cross on the MACD. That said, the RSI (14) line’s retreat from the overbought RSI also suggests the Euro pair’s further weakness and hence the pair’s fall past the 50-EMA to the 50% Fibonacci retracement of January-April upside, near 1.0785, can’t be ruled out. However, a convergence of the 200-EMA and the 61.8% Fibonacci retracement, close to 1.0715-10, appears a tough nut to crack for the sellers. Even if the quote manages to break the 1.0710 support confluence, an upward-sloping support line from January, surrounding 1.0670, will act as the final defense of the buyers before giving control to the bears. It should be noted, however, that the EURUSD pair’s recovery from the 50-EMA support will be difficult unless crossing the multi-month-old horizontal resistance area around 1.0990. Also acting as the short-term upside hurdle is the 1.1000 psychological magnet. Following that, the yearly high marked in April near 1.1095 holds the key to the major currency pair’s rally toward the March 2022 peak of 1.1185. Overall, the EURUSD is likely to witness further downside but the road towards the south won’t be smooth.
by MTradingGlobal
EURUSD Swing Downtrend AnalysisTrade Analysis : Swing EURUSD Downtrend Channel analysis on EURUSD Trend Identification: Swing Downtrend EURUSD . Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bearish pullback with market structure. Targets: T1 = 1.6000, T2 - 1.0550. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows. Conclusion: Based on the chart analysis of , EURUSD is Downtrend has been identified. EURUSD is heading towards the 3-Month Low. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
Short
by JagadishSinghR
2
NZDCAD FOREXCOM:NZDCAD - Break the supply but not closing above the supply - Wait for the Confirmation in LTF -2 Higher High....Looking for the 3rd High -Chance to Sweep the IDM(x) & Reverse - V-shape recovery - High Volume in Buying Candle ...............here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Long
by Phinics