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Eurusd-4

EURUSD positive before the big day of the FedOn EUR/USD, looking at the technical picture we can observe the set up setting with the trend of increasing on H4. The price is approaching the significant bridge area on H4, where it can find support on the trend line and then start a move to go up. The first goal will be the first significant vibration at 1,0718 and then the H4 resistance area at 1,0740. It is worth noting that in the Asian session, the price has recorded a significant low fluctuation at 1,0678, this signals the market capacity on today's price.
Long
by Samson-FX
EURUSD stays defensive near key support line on Fed dayEURUSD fades bounce off an ascending support line stretched from early January as market players brace for the US Federal Reserve (Fed) monetary policy announcements on Wednesday. It’s worth noting, however, that the RSI (14) line is nearly oversold and the MACD flags bull cross, which in turn favors the Euro pair’s sustained trading beyond the stated support line, close to 1.0640 by the press time. That said, the quote’s weakness past 1.0640, will make it vulnerable to decline towards March’s bottom surrounding 1.0515 before testing the yearly low of around 1.0480. Alternatively, the EURUSD pair’s recovery moves will initially aim for the 61.8% Fibonacci retracement of January-July upside, near 1.0790. However, a two-month-old descending resistance line and the 200-day SMA, respectively near 1.0815 and 1.0830, could challenge the Euro buyers past 1.0790. In a case where the pair manages to remain firmer past 1.0790, as well as cross the 1.0800 round figure, the odds of witnessing a run-up towards the late August swing high of around 1.0940 can’t be ruled out. Overall, EURUSD remains bearish even if the oscillators challenge the downside bias.
by MTradingGlobal
EURUSD pares US inflation-induced losses ahead of ECBEURUSD braces for the first weekly gain in nine as markets await the key European Central Bank (ECB) Interest Rate announcement. In doing so, the Euro pair extends the previous week’s rebound from the 78.6% Fibonacci retracement of March-July upside, near 1.0680 by the press time. The corrective bounce also gains support from a looming bull cross on the MACD indicator, as well as the gradually rising RSI (14) line from the oversold territory. It’s worth noting, however, that the 1.0800 appears a tough nut to crack for the pair buyers as it comprises the six-month-old previous support line, the 200-day Exponential Moving Average (EMA) and the 61.8% Fibonacci ratio. Following that, a downward-sloping resistance line from late July and the 100-EMA, respectively near 1.0855 and 1.0865, will act as the final defenses of the pair sellers. On the contrary, the EURUSD pair’s fresh downside could aim for the latest swing low of around 1.0700 before poking the 78.6% Fibonacci retracement level of around 1.0680. In a case where the Euro pair remains bearish past 1.0680, May’s bottom of 1.0635 may act as a buffer during the quote’s slump targeting March’s low of 1.0516. It’s worth observing that the yearly low marked in January around 1.0480 could test the pair sellers past 1.0516 before giving them control. Overall, EURUSD builds upside momentum but the recovery moves need validation from the hawkish ECB signals, especially after the previous day’s US inflation numbers challenged the pair buyers.
by MTradingGlobal
EURUSD - Selling OpportunityEURUSD - Selling Opportunity. Timeframe analysis: 1H. Selling opportunity in the EURUSD pair after a multi-timeframe analysis revealed the following convergences: - 4H: Fast-moving average acting as resistance. - 1H: Slow-moving average acting as resistance. - 15min: Fibonacci level (-0.236) acting as a point of exhaustion of the bullish momentum (pullback), thus indicating a potential bearish continuation. In terms of risk management: - Take Profit: Level 1 will be set at the last trend's low. Level 2 will be positioned at the -0.236 Fibonacci level, this time applied to the larger bearish trend. - Stop Loss: 0.5 Fibonacci level of the bearish trend. (🇮🇳)
Short
by JRiquelmeTrading
1
EURUSD This weekEUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited. The EUR/GBP cross gains momentum above the mid-0.8500s during the early European session on Thursday. The cross currently trades near 0.8576, unchanged for the day. The latest data revealed on Thursday that German Industrial Production (IP) for July fell -2.1% YoY from a 1.5% drop (revised from a 1.5% drop) in the previous month. On a monthly basis, the figure dropped 0.8% versus a 1.4% decline in June and below the expectation of a 0.5% drop. However, the Pound Sterling (GBP) is weakened against the Euro as the Bank of England (BoE) Governor Andrew Bailey's dovish remark on Wednesday that the central bank is much closer to ending its hiking cycle.
by Mars_Hunter
eur usd - update pt2both DXY and EUR/USD are on curucial levels we had planned conditional buy on eur usd in the evening but price didnt sweeped the bullisj liquidity as we assumed although grabed the seller stop losses and mitigated the bearish order block therefore now for upside there is space to move higher upto 1.07700 sufficent for good trade and risk to reward wait for right level to form and enter on CHOC's Order Block on 15m or 5m chart time frame THE LEVELS 1.0700 and 1.07100 is the zone for bullish fair value area wait for bullish choc here for going long this levels are derived from big bars keep the sl below the bullish fair value zone RR can be 1:5
Long
by Jimmy_Rebello
3
Eur/Usd update (A conditional Buy)price hovering near the higher time frame demand area had given signal of choc previous condering it as bullish change we waited for new confirmation the latest low we saw was at 1.06859, so if the price goes below this area and makes a wick forcing price to close above 1.06859 then this is confirmation of liquidity sweep and we can enter long fyi - this is just a insight im providing through similar scenario i have seen , also keep track on dxy if dxy starts making lower high and lower low in 1h time frame then other usd related pair will get benifits also EURO this liquidity sweep is likely to happen in london session
Long
by Jimmy_Rebello
6
EUR/USD short setup the 29 august move on 1h was not a bullish trend it was just liquidty grab move made insitutional players FOR SHORT BEARISH SETUP after that we have seen sharp fall towards the new order block i think price below (ob) will be sweeping some liquidity and pretend to bounce back but it just as pullback there has been fair value area around 1.08424 - 1,08154 where we can loot for opporunity the target will be then 1.06800 & 1.6400 zone *use ATR for controling your stop loss by (atr x 2) then manage your qty as per your stop loss risk
by Jimmy_Rebello
12
EURUSD remains on the back foot within bearish channelEURUSD braces for the eighth consecutive weekly loss despite the latest hesitance of the bears surrounding the bottom line of the 1.5-month-old descending trend channel. It’s worth noting that the nearly oversold RSI line and sluggish MACD signals suggest a corrective bounce of the Euro pair, which in turn highlights the previous support line stretched from late June, close to 1.0750 by the press time. In a case where the quote remains firmer past 1.0750, September’s peak of around 1.0885 and the aforementioned channel’s top line surrounding 1.0900 will lure the pair buyers. It should be observed, however, that the bullish bias remains elusive unless the quote stays below the 200-SMA hurdle of 1.0925, a break of which could challenge July’s peak of 1.1275 gradually. Meanwhile, the EURUSD pair’s weakness might dwindle around the stated bearish channel’s bottom line, close to 1.0695 by the press time. Following that, the lows marked in May and March, respectively near 1.0635 and 1.0515 could lure the Euro sellers. Should the pair bears remain in control past 1.0515, the yearly bottom of around 1.0480 will act as the final battle point for the buyers before giving the throne to the sellers. Overall, EURUSD is likely to remain bearish but a corrective bounce can’t be ruled out.
by MTradingGlobal
EURUSD recovery remains unconvincing below 1.1040EURUSD extends recovery from the 200-DMA, as well as an upside break of a fortnight-old descending resistance line, as markets await the Eurozone inflation data and the Fed’s favorite inflation gauge, namely the US Core PCE Price Index. That said, the looming bull cross on the MACD and upbeat RSI (14), not overbought, also keep the Euro buyers hopeful. However, a clear run-up beyond the previous support line stretched from October 2022, now resistance around 1.1040, becomes necessary to confirm the bullish trend. Following that, the yearly high of 1.1275, marked earlier in the month, will be in the spotlight. On the contrary, the two-week-long resistance-turned-support of around 1.0880 restricts the immediate downside of the EURUSD pair ahead of the 200-DMA level of 1.0810. In a case where the Euro pair drops below 1.0810, and also breaks the 1.0800 round figure, sellers can aim for May’s bottom of 1.0635 before targeting the yearly low marked in January surrounding 1.0480. It’s worth noting that the downside moves need strongly disappointing Eurozone HICP and CPI numbers, as well as an extremely positive US Core PCE Price Index, to reverse the latest uptrend. Overall, EURUSD remains in the recovery mode as the key Eurozone and the US data loom.
by MTradingGlobal