Get started

Eurusdoutlook

EURUSD - EXPECTING UPSIDE AFTER BREAKOUT OF RESISTANCESymbol - EURUSD CMP 1.0360 EURUSD is attempting to capitalize on the recent correction in the U.S. dollar. The price is currently undergoing a retest of consolidation resistance, aiming for a potential breakout and further upward movement. Following an initial attempt to breach the downtrend resistance, the price entered a consolidation phase, establishing a range between 1.0530 and 1.0210. Within this setup, a local consolidation channel has formed, with the price testing the resistance at 1.0380 The market is still in the process of confirming a trend reversal and seeking to strengthen in the context of the dollar's correction. The fundamental landscape remains complex, influenced by the Trump's ongoing tariff dispute and the broader economic crisis. Resistance Levels: 1.0380, 1.0530 Support Levels: 1.0330, 1.0210 A breakout above the 1.0380 resistance level, followed by price consolidation above this area, could signal further growth, driven by the distribution of the accumulated potential.
Long
by akshit_official
EUR/USD Daily Chart Analysis – Smart Money Perspective Current Market Bias: Bearish The price action indicates that the overall structure remains bearish, with lower highs and lower lows being formed. Despite recent bullish retracements, the price has failed to break key resistance levels, signaling that sellers remain in control. Key Areas on the Chart: 1. Order Block (OB) & Fair Value Gap (FVG) Zone: • The highlighted gray zone represents an order block (OB), which is a supply area where institutions likely placed large sell orders. • The presence of a fair value gap (FVG) within this zone indicates an inefficiency in price, making it a strong area for potential reversals. • Price recently tapped into this area and reacted downward, confirming bearish momentum. 2. Liquidity Grab Possibility: • The lower dashed line represents a previous swing low, where liquidity (stop-loss orders) is likely resting. • Smart Money often seeks liquidity before reversing or continuing trends. • There is a high probability that price will sweep this low before any potential bullish move occurs. 3. Market Structure Shift for a Bullish Setup: • Although the bias remains bearish, a market structure shift (MSS) is required before considering any long (buy) setups. • A key level to watch is 1.05351, where a break above could signal a reversal. • Until then, selling pressure is likely to dominate. Conclusion & Trade Plan: • Bearish bias remains active. • Price might sweep the previous low to grab liquidity before a potential reversal. • A confirmed market structure shift above 1.05351 is required for bullish confirmation. • Until that happens, traders should focus on shorting opportunities near supply zones or order blocks. Final Thought: By following Smart Money Concepts (SMC), traders can align their trades with institutional movements. Patience is key—wait for confirmations before entering positions. Keep an eye on liquidity sweeps and market structure shifts for the best trade setups.
Short
by Trade_lyst
1
What Next In EURUSD Key Levels: 1. Resistance Levels: o The red supply zone above (around 1.04500) represents a key resistance area. Price has rejected this level in the past, showing that sellers are active there. o Another small resistance zone is identified near 1.04390 from previous candles. 2. Support Levels: o The light blue demand zone below (1.04126) acts as a significant support area. Buyers stepped in here previously, causing a rally. o A second support level is near 1.04100, aligning with the current price's point of interest (POI). ________________________________________ Market Behavior: 1. Range-Bound Price Action: o The note on the chart mentions that the price was in a range yesterday. This is evident as price oscillates between the resistance zone (1.04500) and the demand/support zone (1.04126). o Breakout confirmation (upward or downward) is crucial for clarity on the next trend. 2. Current Price: o The price is currently testing the demand zone (POI Level). If it holds, we may see a bounce back toward resistance at 1.04500. ________________________________________ 💡 Technical Indicators: 1. Exponential Moving Average (EMA): o The price is hovering near the blue EMA line, which is likely a 50-period EMA. This suggests a mixed market sentiment where buyers and sellers are evenly matched. o A strong price reaction above or below the EMA can indicate the next potential trend. ________________________________________ 📊 Supply and Demand Zones: 1. Supply Zone: o The red supply zone at the top indicates strong selling pressure. Price will need strong momentum to break through it. 2. Demand Zone: o The light blue demand zone has seen active buyers before. It's a critical level for bulls to maintain to avoid further downside. ________________________________________ 📊 Trading Plan: 1. For Buyers: o Wait for a bullish reaction from the demand zone (1.04126) and a possible breakout above the range (1.04500) to target higher levels. o A bounce off the EMA would also signal bullish momentum. 2. For Sellers: o Look for a rejection at the resistance zone (1.04500) or a confirmed break below the demand zone at 1.04126 for shorting opportunities. ________________________________________ ⚠️Recommendation: • Wait for Breakout: o Avoid trading in the current range until a breakout occurs, as it is unclear if the price will move higher or lower. o Monitor for volume and candlestick patterns at key levels (rejections or breakouts). This chart currently exhibits consolidation, requiring a patient approach for clarity on the next directional move. 👉 Always follow TP/SL to protect your capital and maximize profits! Stay tuned for updates once the confirmations are in place! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! 📢Best Regards , Silver Wolf Traders Community Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
by silverwolftraders029
EURUSD - PRICE ACTION CONFIRMS TREND REVERSALSymbol - EURUSD The EURUSD currency pair has broken its previous trend, emerging from a consolidation phase and reaching new highs, which signals a definitive shift in market direction. The primary focus now shifts to the resistance zones, where significant market struggles are expected. The ongoing correction of the US dollar, largely driven by political and geopolitical factors, presents opportunities within the forex market. The EURUSD has been strengthening for the past month, suggesting promising prospects, particularly if the dollar's correction continues. This week, attention is on the Federal Reserve's rate decision and the inflation meeting, which could provide further support for the current market movement. From a technical perspective, the key support level to watch is at 1.0445. If the bulls are able to maintain this support, the price may move towards the 1.0600 - 1.0700 range in the short to medium term. Resistance levels: 1.0530, 1.0610 Support level: 1.0445 The price has already tested the 1.0445 level. A potential false breakdown could occur, aimed at capturing liquidity, after which the pair is likely to resume its upward momentum, driven by renewed interest from buyers in the euro.
Long
by akshit_official
EURUSD - TREND CHANGED ?EURUSD is poised for a potential bullish rally, having broken the extended downtrend and entering a phase of consolidation, which could provide an opportunity for further upward momentum. Although the broader global trend remains bearish, it is premature to discuss a trend reversal, as the price is still facing significant resistance at 1.0440. However, a consolidation base is forming in this area, and if the US dollar continues its corrective movement, EURUSD may have the potential to confirm a trend shift. Should the bulls manage to surpass 1.0448 and establish a firm position above this level, a move towards 1.0610 and potentially higher could be in the cards. Resistance levels: 1.0450, 1.0610 Support levels: 1.0330, 1.0225 From a technical standpoint, attention is on the immediate level of 1.0450. A breakout and sustained trading above this zone could present an ideal entry point for long positions.
Long
by akshit_official
EURUSD Bullish Outlook for the Short TermJust like I mentioned DXY's short-term bearish outlook in my last post, I’m anticipating EURUSD to take a bullish stance. Price made a failure swing retracement, clearing the old low and settling in a fair value gap on the Monthly chart. I’m looking for a stop-hunt expansion targeting buyside liquidity, as indicated on the chart. Here, the old low serves as sellside liquidity for Market Makers to build long positions, and the FVG represents a fair value entry point. These are just my thoughts on EURUSD - do your own analysis before acting.
Long
by Vulnerable_human_x
EURUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD EURUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
1
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDEURUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
1
EURUSD - POSITIONAL TRADE FOR HUGE PROFITSymbol - EURUSD EURUSD is currently trading at 1.11900 My short setup has formed in EURUSD & I'm seeing a trading opportunity on sell side. Shorting EURUSD pair at CMP 1.11900 I will be adding more position if 1.12300 comes & will hold with SL 1.12850 Targets I'm expecting are 1.10200 - 1.09150 - 1.07700 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Short
by akshit_official
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
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 Prediction for 01 MAR 24 upcoming weekEURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: The market has been trading in the consolidation phase. Then it gave a breakout last week, 24th Feb. After that, the market has been in the range (1.07972 - 1.08576) bound situation. Case 1: The market is going to be sideways unless it's broken to the upside. Case 2: Once it breaks to the upside, it's going to give a nice bull trend till 1.09825 levels. it is showing a perfect entry level for a bullish position with Risk : Reward = 1:5 we can initiate a bullish position @1.08239 Reasons: Bullish Hammer formation at the support shows the market's bullish structure. Price ~ 200 EMA, which indicates the market is having an average price. RSI = 45 shows a weak bull sign. The market is not going to have a bullish momentum unless the RSI is broken 60 to the upside. Verdict: Bullish Plan of Action: Buy: 1.08238 SL: 1.07935 Target: 1.09835
Long
by finnova_
EURUSD - Impulsive Start from 0.9538 Lows Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023.
Short
by WaveTalks
3
EURUSD BuyFOREXCOM:EURUSD 15m 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
1