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Eurusd-4

Recovery or Further Decline?The price zone of 1.06575 - 1.07100 (Fibonacci level 50%-61.8%) acts as strong resistance. This is also the area where the sellers are likely to increase pressure. Price action scenario: Currently, the price is in a recovery phase near the above resistance zone. If the sellers defend the 1.06575 zone well, the price will likely continue to decline sharply. Important support zone: The nearest support is at 1.04876, which coincides with the old bottom. If the price breaks this support, the next target will be the 1.02127 zone (Fibonacci extension level 1.618). Personal opinion: Wait for the price to return to the resistance zone of 1.06575 - 1.07100, look for a reversal signal here to enter a sell order. First target is 1.04876, further target at 1.02127. Stop loss above 1.07200 to avoid resistance break.
by Maria_aaa
Recovery Trap or Breakout Opportunity?On the EUR/USD 4-hour chart, the bearish bias remains dominant. The pair is attempting to recover from the recent low at 1.0540, however, the important resistance zone around the 34-EMA (1.0600) is holding back the upside momentum. If EUR/USD fails to overcome the resistance zone of 1.0600 - 1.0620 in the coming sessions, selling pressure will return strongly, pushing the price towards the support zone of 1.0550 and even 1.0500. On the contrary, a clear breakout above 1.0620 could open the door to a test of the 1.0650 zone, however, the upside outlook remains challenging amid the long-term downtrend. Trading Strategy: Short: When price fails to break above 1.0600, place a sell order with target at 1.0550 and further at 1.0500. Long: Consider buying if price breaks above 1.0620 with high volume, target at 1.0650.
by Maria_aaa
EURUSD: Consolidation Under Strong USD PressureEURUSD is currently in a consolidation phase, trading around 1.0555, with a descending triangle pattern dominating the short-term trend. The EMA 34 and EMA 89 lines above the current price act as dynamic resistance levels, increasing selling pressure. The critical support level at 1.0523 has been tested multiple times and remains a key threshold preventing a deeper decline. Meanwhile, the nearest resistance level is at 1.0570, and if the price breaks above this level, EURUSD could experience a short-term recovery targeting higher levels. However, if the descending trendline is not breached, the price may revisit the support area at 1.0523. The overall trend remains pressured by a strong USD, driven by expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to weigh on the EUR. Investors should closely monitor U.S. economic reports this week, particularly employment data and Fed statements, as these will be key factors in determining the next direction for this currency pair.
by Vanna-Cris
EURUSD continues to extend sharp decline from 1.0600Dear Traders... Let's discuss and strategize with Samson today! Overall, after updating the low around 1.0497, the price recovered around 0.08% on the day. However, EUR/USD remained on the defensive near 1.0550 during the European session on Monday. The pair remained weak as geopolitical risks between Russia and Ukraine resurfaced although the US Dollar limited its gains. The divergent policy outlook of the ECB-Fed also weighed on the pair ahead of the central bank talks. Today, there will be no high-impact data that could influence the action of EUR/USD. Therefore, market participants will pay close attention to comments from central bank officials. Technically, price resistance at 1.0550 - 1.0660 and resistance at 1.0663 should be watched. A false breakout and consolidation below these areas could trigger a decline. Currently, Euro is hinting that the pullback could be a bit longer. MMs are likely to look for liquidity (above these levels) ahead of the news. A false breakout could trigger sellers to act, which would only add to the selling pressure. However, a mild recovery from 1.0550 and back to 1.0497 would increase the likelihood of a breakdown and decline.
Short
by Bo-Samson
Price compression signals a strong trendCurrently, EUR/USD is trading around 1.0540, in a clear price compression zone. The 34 and 89 EMAs still show that the downtrend is dominant. The price remaining below these EMAs further reinforces the selling pressure in the market. Technical analysis: Nearby resistance: 1.0560 - the 34 EMA zone, where the price may face strong selling pressure if approached. Nearby support: 1.0520 - this is an important support level, if broken, it will trigger a stronger downtrend. Price pattern: The price is forming a symmetrical triangle structure, suggesting a possible breakout in the near future. Personal view: I see the market waiting for a decisive breakout. If it breaks below 1.0520, the next downside target will be 1.0480. Conversely, if the price breaks above 1.0560, it is likely to test 1.0600. However, with the downward pressure from the strong USD, I am leaning towards the bearish scenario. Trading Strategy: Sell: On a break below 1.0520, target 1.0480. Buy: On a break above 1.0560, target 1.0600.
by Maria_aaa
EUR/USD Under Pressure, Wedge Signals More WeaknessLooking at the EUR/USD 4-hour chart, I see the pair forming a falling wedge pattern, signaling a possible continuation of the downtrend. With both the 34 and 89 EMAs above the price and sloping down, this suggests that selling pressure is still dominant. In the short term, a key support level could be found around 1.0500. If EUR/USD breaks this support level, it is likely to continue falling further, aiming for further targets in the 1.0400 area. Conversely, if there is a bounce from the bottom of the wedge, the pair could retest the resistance at the top of the wedge pattern.
by Maria_aaa
2
EUR/USD: Double Top Pattern Signals Strong Bearish MomentumLooking at the current EUR/USD chart, I see that a double top pattern has formed, marking a strong reversal in the trend. After hitting the resistance zone at 1.1200, the price rejected that high and dropped to the support zone around 1.0700. Currently, the pair is within this support zone, but there are signs of further downside. The EMA 34 and EMA 89 are both pointing down, reflecting that the downtrend is still dominant in the medium and long term. This shows that selling pressure is very strong and the price is likely to continue to correct further down. If the support zone at 1.0700 is completely broken, my next target is expected to be around 1.0500. This is an important psychological support zone, and if it continues to fail, selling pressure will push the price down even lower. In the short term, I will wait to see if the price recovers slightly, but the main strategy is still to wait to sell when the price breaks the support levels.
by Maria_aaa
EUR/USD Potential Support Break in Descending Triangle PatternBased on the current EUR/USD chart, I notice that the pair is moving within a descending triangle pattern, a potential sign of a continuation of the downtrend. This is reinforced by the position of the 34 EMA and 89 EMA, both of which are sloping down and above the current price. This bearish bias suggests that selling pressure is overwhelming the market. With EUR/USD continuing to decline within the triangle, I believe that there is a possibility that the price will break the support at the lower edge of the triangle, especially since the pair has failed to break above the 34 EMA. The next important support level could be around 1.0600. If it breaks, EUR/USD is likely to continue to decline further.
by Maria_aaa
EUR/USD Bearish Pressure, Testing SupportLooking at the current EUR/USD chart, I see that the pair is facing some pretty clear bearish pressure. After a sharp decline, the price has reached the support zone around 1.0700 and is currently showing signs of a slight recovery. However, it is worth noting that the resistance zone near 1.0800 - 1.0820 above, combined with the 34 and 89 EMAs, is likely to create strong selling pressure for EUR/USD. If the price fails to overcome this resistance level and shows signs of weakness, I expect a new bearish wave to form, pulling EUR/USD back down to the support zone at 1.0700 and possibly even lower to 1.0580. This is the next important support zone that I will be watching closely. In the current situation, my trading strategy will be to wait for price reaction at the resistance zone of 1.0800 - 1.0820. If price rejection signals appear, I will consider short-term sell orders with the nearest target at 1.0700 and a potential further target at 1.0580.
by Maria_aaa
EURUSD - 15M TIMEFRAME ANALYSISFOREXCOM:EURUSD Hello traders , 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
EURUSD: Focus on 13-month-old support and EU/US GDPEURUSD retreats towards a key support level as traders prepare for Wednesday's Eurozone and US Q3 GDP reports. Despite this, the pair maintains a mid-October breakdown below the 200-SMA, while oscillators challenge continued bearish momentum. Bulls and bears jostle at key support While EURUSD sellers benefit from the drop below the 200-SMA and a stronger US Dollar, an upward trend line from October 2023, along with an oversold RSI and a potential bull cross on the MACD, may limit further declines of the major currency pair. Key technical levels The 13-month rising support line near 1.0770 is crucial for EURUSD sellers if the pair drops further. Below that, the monthly low of 1.0760 is an important level, with June and April lows around 1.0665 and 1.0600 as potential targets. For EURUSD buyers, recovery seems challenging without breaking the 200-SMA at 1.0870. Even if they succeed, the 1.1000-1.0980 zone, marked since January, poses a tough challenge. If the Euro bulls cross the 1.1000 hurdle, they’ll set their sights on the 78.6% Fibonacci Extension (FE) of the pair’s late 2023 fall and a 10-month-old rising trend line, close to 1.1100 and 1.1220 in that order. Further downside needs a strong catalyst With mixed oscillator signals, EURUSD sellers need robust data to support US Dollar strength and Euro weakness to push prices lower. A corrective bounce seems likely, potentially creating fresh selling opportunities if Eurozone data surprises positively.
by MTradingGlobal
EU: Double-Bottom Formation at Key Support ZoneThe EUR/USD is currently testing a critical support zone around 1.0800 on the Daily timeframe, where price action shows potential for a bullish setup. The pair has formed a double-bottom pattern, with the second low forming at this same support level, indicating that selling pressure is weakening and buyer interest may soon increase. Technical Insights: Daily Support Zone and Double Bottom: Price has created a double-bottom pattern at the 1.0800 level, reinforcing the significance of this support. This pattern is a classic reversal signal, often signaling a potential trend change, especially when occurring at a major support zone. Confirmation with Bullish Reversal Pattern: For confirmation, look for a bullish reversal candle pattern on lower timeframes (such as H4 or H1) at this support level, like a bullish engulfing or pin bar, which would signal a potential upward move. Trade Plan: Entry: Consider entering a buy position if a strong bullish candle pattern forms around 1.0800. Stop Loss: Place below the recent low of 1.0750 to protect against further downside. Target: Initial target at 1.0900, with the potential to extend higher if the bullish momentum sustains. The double-bottom pattern, combined with the strong support zone, provides a solid basis for a potential buy opportunity, emphasizing the importance of waiting for confirmation before entry. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD FX_IDC:EURUSD
Long
by Trading_Zone_3773
EURUSD bounces back from year-long support ahead of EU/US PMIEURUSD records its first daily gain in four, bouncing back from the lowest level since July 3, as traders eagerly await the preliminary readings of October's PMIs for the Eurozone and the US. The Euro pair’s movement aligns with overbought RSI conditions while it turns from an upward support line established in early October 2023. Sellers remain in control Despite an oversold RSI (14) supporting EURUSD's bounce from key support, bearish MACD signals and trading below the 200-SMA keep sellers optimistic. The downside bias is further strengthened by more dovish expectations from the European Central Bank (ECB) compared to the US Federal Reserve (Fed). Key technical levels to watch The multi-month support line around 1.0765 is crucial for EURUSD. A clear break below this level could expose the pair to a decline toward February and June 2024 lows, near 1.0700 and 1.0680, respectively. However, if the RSI conditions hold, Euro bears may face challenges around 1.0680. If not, the yearly low marked in April around 1.0600 will be the last line of defense for buyers before the pair heads toward the late 2023 bottom around 1.0450. Alternatively, a rebound for EURUSD seems unlikely while trading below the 200-SMA at 1.0870. That said, the immediate upside is protected by the 50% Fibonacci level from the pair's rise between October 2023 and September 2024, located around 1.0830. Additionally, the 38.2% Fibonacci level and an 11-week-old support line near 1.0920 and 1.1000 will be tough obstacles for bulls to overcome if they break past 1.0830. Further recovery looks challenging While some technical signals indicate that sellers may be losing momentum, several technical and fundamental factors suggest buyers are not yet ready to step in. The EURUSD's corrective bounce could continue with strong EU data and weak US statistics. However, if the US Dollar sees a positive surprise, the likelihood of further downside for the pair remains high.
by MTradingGlobal
EURUSD potetial BUY opportunityClosing price currently trade at 1.07978 a buy opportunity is envisaged from the current market price as we may continue to see price go up. Our Buy target TP1 is 1.08971 , TP2 is 1.09947. stop loss at 1.07714. we can see a 50% retracement may come in upcoming days and now again after touching a long waited order block as mention in chart. It's a good 1:72 RR trade. I hope you will like my explanation. it's just my analysis and you guys trade after your analysis.
Long
by gaurgovindsingh_
EURUSD: 200-SMA, oversold RSI test bears ahead of ECBEarly Wednesday, EURUSD sees the first daily gains in more than a week, after hitting its lowest point in 10 weeks. In doing so, the Euro pair portrays the market’s consolidation ahead of Thursday’s European Central Bank (ECB) Interest Rate Decision and September’s US Retail Sales data. Sellers have a bumpy road ahead In addition to pre-data consolidation, the 200-day SMA and oversold RSI pose challenges for EURUSD bears, indicating limited downside potential. A significant drop may occur only if the ECB disappoints or US data delivers unexpectedly strong signals for the dollar. Technical levels to watch The 200-SMA level surrounding 1.0870 appears a tough nut to crack for the EURUSD, backed by the oversold RSI. However, a downside break of the same won’t hesitate to drag the prices toward the August month’s low of near 1.0775. Following that, an ascending support line from October 2023, close to 1.0750 at the latest, will act as the final defense of the buyers. On the contrary, July’s high of near 1.0950 could lure EURUSD buyers during a corrective bounce. Following that, the March peak surrounding 1.0980 and the 1.1000 psychological magnet can entertain Euro buyers before testing them with a two-month-old horizontal support-turned-resistance of near 1.1015 and the previous support line stretched from late June, close to 1.1030. Price Consolidation Ahead, But No Trend Change Expected While technical indicators suggest bear exhaustion and a possible corrective bounce for EURUSD, multiple resistances and fundamental factors hinder a reversal of the ongoing two-week bearish trend.
by MTradingGlobal
EURJPY LONGFOREXCOM:EURJPY Hello traders , 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
2
EURUSD: Bears focus on 1.0800 and US Inflation cluesEURUSD licks its wounds at the lowest level in eight weeks as traders await September's US Consumer Price Index (CPI) data, especially after the previous day’s FOMC Minutes drowned the Euro pair. Bears keep the driver’s seat Apart from the US Dollar’s run-up post-Fed Minutes, the EURUSD pair’s confirmation of “Double Tops” bearish chart formation and a clear break of a 15-week-old rising support line add strength to the downside bias. It’s worth noting, however, that the oversold RSI (14) line and sluggish MACD signals challenge intraday sellers, along with the pre-data consolidation. Key technical levels to watch The 50% Fibonacci level from the EURUSD’s June to September rise, around 1.0940, limits immediate downside. The next significant support is at the 61.8% Fibonacci retracement near 1.0870, known as the “Golden Fibonacci Ratio.” If the price breaks below 1.0870, it could lead to a drop toward the bearish target from the "Double Tops" pattern, around 1.0800. On the upside, the EURUSD recovery is unlikely unless it surpasses the 1.1010 level. The previous support line, now acting as resistance, is near 1.1000. In a case where the Euro buyers manage to stay onboard past 1.1010, the 23.6% Fibonacci retracement and the double tops, respectively near 1.1085 and 1.1200, will be on their radars. Further downside expected While an oversold RSI and potentially softening US inflation data may pose challenges for US Dollar bulls, EURUSD bears remain encouraged. The confirmation of a bearish chart formation, combined with the European Central Bank's (ECB) more dovish stance compared to the Federal Reserve (Fed), keeps the sellers optimistic about further declines.
by MTradingGlobal
2
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H Hello traders , 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
2
EU: Monitoring for Buy Opportunity Despite Friday's Sharp DropAfter last Friday's strong news event, the EUR/USD experienced a significant sell-off, pushing price further into the key demand zone between 1.1000 - 1.1050 on the daily chart. However, despite the heavy bearish pressure, the daily candle is yet to close, leaving room for a potential bullish reaction within this critical support area. Key Points: Demand Zone: Price is still within the major support zone that has historically provided strong buying interest. Wait for Confirmation: Although the sell-off has been aggressive, we remain patient. A clear bullish reversal pattern (e.g., bullish engulfing or pin bar) on lower timeframes (H4 or H1) will serve as our entry signal. Caution: Given the volatility from recent news, risk management is crucial. We will only initiate a BUY position once price action confirms a reversal. Trade Setup: Entry: Upon confirmation of bullish structure in the demand zone. Stop Loss: Below 1.0950 to protect against further downside. Target: Initial target at 1.1150, with room to adjust based on momentum and market conditions. We remain cautious yet optimistic about a potential bounce from this area, but the confirmation of a strong pattern is essential before entering the trade. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773
EUR/USD Analysis: Potential Buy Opportunity at Key Demand ZoneThe EUR/USD is currently testing a strong demand zone on the daily timeframe, located around 1.1000 - 1.1050. This area has consistently acted as a key support level in recent price action, offering potential for a bullish reversal if market conditions align. Key Technical Factors: Demand Zone: The price is approaching the major support region after multiple retests, suggesting that buyers could step in soon. Bullish Setup Confirmation: Wait for clear reversal patterns such as a bullish engulfing or pin bar on lower timeframes (H4 or H1) to confirm entry. Only initiate a BUY position once a strong reaction is seen. Trade Plan: Entry : On confirmation of a bullish price action pattern. Stop Loss: Below the 1.0950 level to manage risk. Target: First target at 1.1150, with potential for further upside depending on momentum. This setup aligns with the market's technical structure, but patience is key for a safer entry. Let's see how the price reacts! FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773