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EURUSD

EURUSD Prediction Bullish breakout 7 Jun 24EURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: EURUSD has broken to the upside and can now give really good targets to 1.12 levels. EURUSD has broken the symmetrical triangle pattern to the upside. Also, it has received support from 200 EMA, which is a good sign of bullishness. One can trade EURUSD with Risk: Reward::1:3 with the given setup. All important levels are on the chart. Verdict : Bullish Plan of Action: Buy: 1.09197 SL: 1.08146 Target: 1.11033, 12371
Long
by finnova_
EURUSD bulls need validation from 1.0920 and ECBEURUSD prints the first daily gains in three while approaching the top line of a two-month-old rising wedge bearish chart formation. Apart from the 1.0920 upside hurdle comprising the stated resistance line, the European Central Bank’s (ECB) widely expected rate cut also poses a challenge to the major currency pair’s further upside. Additionally, the sluggish MACD signals and unimpressive RSI line also raise bars for the buyers. Hence, the quote is likely to witness a pullback toward the weekly support line of around 1.0860 unless the ECB surprises the market, either with no rate cut or by providing hints of no more actions in the near term. In a case where the bears dominate past 1.0860, the 200-bar Exponential Moving Average (EMA) support of near 1.0815 could gain the spotlight. It’s worth mentioning that the Euro sellers will gain conviction if the pair confirms the rising wedge pattern by falling beneath the 1.0765 support, which in turn opens the door for a theoretical fall toward 1.0450. Meanwhile, the ECB’s ability to convince the buyers, despite announcing the 0.25% cut to its benchmark rates, could help the EURUSD pair to cross the 1.0920 resistance. In that case, the quote’s run-up toward March’s peak surrounding 1.0980 and then to the 1.1000 threshold can’t be ruled out. However, the yearly high of near 1.1040 and the late 2023 top around 1.1140 will challenge the Euro pair’s upside past 1.1000. To sum up, EURUSD braces for a post-ECB pullback while rising towards a short-term key resistance ahead of the event. However, the ECB’s hawkish halt might convince the buyers to return, which in turn requires traders to remain cautious before the outcome.
by MTradingGlobal
EURUSD fades bounce off 200-SMA as EU/US inflation clues loomEURUSD marked the biggest daily gain in a week the previous day while bouncing off the 200-SMA as the Eurozone data came in overall positive while the US statistics mostly disappointed. Also allowing the Euro pair to rebound from the key SMA level is the consolidation ahead of today’s first readings of the EU inflation data and the US Core Personal Consumption Expenditure (PCE) Price Index, also known as the Federal Reserve’s (Fed) favorite inflation gauge. That said, the quote’s inability to defend the previous day’s rebound joins the bearish MACD signals and unimpressive RSI conditions to lure the bears. However, a daily closing beneath the 200-SMA support of 1.0787 becomes necessary for the seller’s return. It’s worth noting that a five-month-old resistance-turned-support line near 1.0790 and an upward-sloping trend line stretched from mid-April, close to 1.0750, act as additional downside filters. Should the pair sellers keep control past 1.0750, February’s low of 1.0694 and the yearly bottom marked in April around 1.0600 will be in the spotlight. Alternatively, the EURUSD pair’s recovery remains elusive beneath a downward-sloping resistance line from early January, close to 1.0885 at the latest. That said, the 1.0900 threshold also stands tall to test the Euro bulls before directing them toward March’s peak of near 1.0980 and the 1.1000 psychological magnet. Furthermore, the quote’s successful trading beyond the 1.1000 mark allows the bulls to challenge the late 2023 top surrounding 1.1140, as well as the previous yearly peak of 1.1275. To sum up, the EURUSD pair remains weak within a short-term trading range ahead of the key EU/US data.
by MTradingGlobal
NASDAQ - IDEA - SETUPFOREXCOM:NAS100 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!!!!
FOREXCOM:NAS100
by Phinics
US30 SetupFOREXCOM:US30 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!!!!
FOREXCOM:US30Long
by Phinics
EURUSD -> SHORT (Manipulation: Be Careful)Short Bias for the upcoming week. EURUSD, seem to be changing course to the upside, but that will only happen if the price breaks the $1.087 mark, and if the market doesn't, We can see the Good short. Analysts predict that this month's Eurozone inflation will increase year over year to 2.5% from 2.4% in April, with the core measure expected to stay stable at 2.7%. EVENT: Unemployment Claims & Prelim GDP q/q -> MAY 31 - --------------- **First Scenario - Short:** First Target: $1.0825 Second Target: $1.0805 Entry: $1.0861 Stoploss: $1.08645 **Second Scenario - Long:** Initial Target: $1.09675 Entry: $1.087 Stoploss: $1.08645 - --------------- Take into consideration: Psychological Resistance at $1.097 Psychological Support at $1.08 - --------------- NFA DYOR - --------------- Good Luck! ⚠️ Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
Short
by irfanp056
EURUSD May 27, 2024 Has the complicated adjustment process endedWe watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy. Looking at the H1 chart, we see that this adjustment process is a complex adjustment process with an abcde pattern. - The price has completed wave d and is followed by a decrease to complete wave e - Looking at the H4 momentum indicator, we see that the momentum is in the overbought area - Continuing with the 3 green zones on the H4 chart, we see that we currently have 3 price zones lacking liquidity so the price will return to these zones to fill liquidity. - From the above data, we have the formation of a bearish wave e to end this correction - We measure 2 target price ranges to end wave e + The first zone is the price zone 1.0783 + The second price range is the price range 1.0787 trading plan We watch the price to the target price zones of 1.0783 and 1.0787 to look for candlestick reversal signals to buy. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP
EURUSD on May 22, 2024 is the ending point of this adjustment?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Look at H1 - Currently, the price continues to complete wave c during the abc correction - As in the previous measurement, we forecast two potential price ranges to end wave c: area 1.0822 and area 1.0787. - Looking at the price dynamics as well as the time of the adjustment process up to now, I am leaning towards the price range of 1.0822 which will be the potential end of wave c. Trading plan We wait for the price to reach the potential target of wave C to buy at the price range of 1.0822. In addition, we should pay attention to the 1.0843 area. This is the bottom of a. We see here 2 strong bullish candles forming at the bottom of a. This tells us that this area has a very strong demand. Next, the price retested with very large volume plus a withdrawal candle, proving that the green bridge is still hidden in this area. We wait for a "spring" in this area or a test candle with low volume Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Long
by DEEKOP
EURUSD bounces off 1.0810 support confluence ahead of key PMIsEURUSD portrays a corrective bounce from the lowest level in a week, snapping a three-day losing streak, as traders await the first readings of the Eurozone and the US PMIs for May early Thursday. In doing so, the Euro pair also takes a U-turn from a convergence of the 100-SMA and previous resistance line stretched from late December 2023, close to 1.0810. The recovery also takes clues from the upbeat RSI (14) line and the bullish MACD signals, allowing buyers to remain hopeful. With this, the quote is likely to extend the latest rebound toward the 50% Fibonacci retracement of the December 2023 to April 2024 downturn, near 1.0870. However, a 4.5-month-old descending resistance line surrounding 1.0890 and the 61.8% Fibonacci ratio near 1.0940 could test the pair’s further upside. It’s worth noting that the highs marked in March and mid-January, respectively near 1.0980 and 1.1000, act as the final defense of the bears. Alternatively, the EURUSD bears need validation from the EU/US PMIs, the 1.0810 support confluence, and the 1.0800 threshold to keep the reins. Following that, the Euro pair’s gradual decline toward the 23.6% Fibonacci retracement level of 1.0730 and then to February’s bottom of around 1.0695 can’t be ruled out. In a case where the sellers dominate past 1.0695, the prices become vulnerable to slump toward the yearly low marked in April around 1.0600. To sum up, EURUSD is likely to witness recovery but the upside move hinges on a successful break of 1.0890 and the scheduled data points.
by MTradingGlobal
EURUSD on May 20, 2024 has the price drop started?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Based on the Elliot wave principle, we analyze the H1 chart - We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc. - Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c. - This is a very good price range to be able to execute a sell order at this price range - Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787 Trading plan We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787 Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP
EURUSD week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. We use the Elliot principle to analyze the EURUSD chart Looking at D1, we see that the correction process is entering the wave c phase in the abc correction rhythm. We have an important price level of 1.0444 to confirm the existence of wave c, which is when the price breaks out of this price range. Then we will measure the end target of wave c at two price zones: zone 1.02 and zone 1. Next week's plan is to focus on observing the price range of 1.0444 to plan our trading. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP
1
EURUSD SHORTFOREXCOM: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
100-SMA tests EURUSD bulls ahead of EU GDP, US CPIEURUSD rises to the highest level in five weeks, up for the third consecutive day, as traders await the second reading of the Eurozone Q1 GDP and the US headline inflation number, namely the Consumer Price Index (CPI). In doing so, the Euro pair justifies the previous day’s successful clearance of the 200-SMA hurdle, backed by the upside RSI (14) line and the bullish MACD signals. However, the 100-SMA and a downward-sloping resistance line from late December 2023, close to 1.0825 and 1.0835 respectively, challenge the pair buyers. Following that, the quote’s gradual run-up toward the highs marked in April and March, around 1.0885 and 1.0985 in that order, can’t be ruled out. It should be observed, however, that a slew of hurdles near the 1.1000 threshold will challenge the pair’s upside past 1.0985, if not then bulls can aim for a late 2023 high of around 1.1140. On the contrary, a convergence of the 200-SMA and 50% Fibonacci retracement of the October-December 2023 upside, near 1.0795-90, restricts the short-term downside of the EURUSD pair. Following that, a late April swing high of near 1.0750 and a one-month-old rising support line surrounding 1.0715 will stop the Euro bears from taking control. It’s worth noting that the quote’s sustained weakness past 1.0715 needs validation from the 1.0700 threshold before challenging the yearly low of 1.0600. To sum up, the EURUSD pair is in the uptrend and hence capable of crossing the immediate resistances. However, the surprise element of the US inflation data and little room toward the north require buyers to be cautious.
by MTradingGlobal
EURUSD: Continue the price increase chain!EURUSD has decreased slightly at the end of the weekend session, with the closing price of over 1,076, but it still maintains a significant recovery trend in recent days. Important resistance levels for EUR/USD pairs are currently in the range of 1,0790 - 1,0800, determined by EMA 34, 89 and the upper boundary of the trendy channel. The next level of resistance should be noted that the highest range on April 9, at 1,0885, investors are aiming for.
Long
by RKarina
EURUSD: Stable price increase on the weekend!The resurgence of some bearish sentiment towards the US Dollar (USD) sparked a notable reaction in EUR/USD, taking it to a two-day high around 1.0780 during trading hours first of Friday. The Dollar's pullback also coincided with a broadly negative session in US bond yields across various maturities, particularly after investors priced in a larger-than-expected rise. of weekly claims as they continue to review the Federal Reserve's recent decision to leave interest rates unchanged with the possibility of the central bank starting an easing cycle in September thereby creating Add new motivation to EURUSD. In terms of technical analysis: EURUSD increased in price but is still in the narrowing price wedge and limited below the resistance level as marked. It is expected that after a move to retest the EMA as well as the trendline once again, EURUSD will receive more momentum. new for the price increase to continue to grow larger and stronger. Wishing you happy trading!
Long
by RKarina
EURUSD bulls keep control ahead of ECB Minutes, US dataEURUSD pares the biggest daily gains of the week while posting mild losses early Friday. Even so, the Euro pair remains on the way to posting a four-week uptrend as traders prepare for the European Central Bank (ECB) Monetary Policy Meeting Accounts, also known as the ECB Minutes, as well as the preliminary readings of the US UoM Consumer Sentiment Index and Inflation Expectations. It should be noted that upbeat RSI and MACD conditions keep the buyers hopeful but a downward-sloping resistance line from early March, close to 1.0790 at the latest, guards the immediate upside of the pair. Apart from the oscillators like RSI and MACD, the looming “Golden Cross”, a bullish moving average crossover, also keep the buyers hopeful. However, a clear upside of the 5.5-month-old descending resistance line, near 1.0825 as we write, becomes necessary for the bulls to retake control. In that case, the gradual run-up toward March’s high of 1.0980 and then to the 1.1000 threshold can’t be ruled out. Meanwhile, a pullback move remains uninteresting beyond the 50-SMA support of 1.0735. Following that, the lows marked in April and February, respectively around 1.0725 and 1.0695, could test the EURUSD bears before directing them to the yearly low marked in April around 1.0600. It’s worth noting that the Euro pair’s sustained weakness past 1.0600 makes it vulnerable to challenge the previous yearly bottom surrounding 1.0450-45 but the same needs validation from the strong US fundamentals, as well as downbeat EU catalysts. Overall, EURUSD bulls are likely to retake control after staying off the grid for some time. However, the fundamentals need to back the pair’s bullish technical details to support the upside bias.
by MTradingGlobal
EUR/USD is stuck in a downtrendHello friends! Today EURUSD remains stuck below the 1.075 resistance level as the US dollar edged up slightly. As a result, trading in the pair appears to be quieter than yesterday, when market sentiment focused on speeches from ECB policymakers. Looking ahead: EURUSD is trending down, with the 4-hour chart showing the pair entering a consolidation range. Against this backdrop, the immediate upside barrier at 1.0800 will limit the potential for recovery, followed by 1.082. On the downside, EURUSD will soon encounter support at 1.0705, which will dictate the next recovery before reaching 1.065.
Short
by RKarina