EURUSD It looks bullish to us, so we have marked its demand, It is necessary to get confirmation from its demand.
EURUSD.1.MINI trade ideas
Impending Golden Cross keeps EURUSD bulls hopeful ahead of ECBEURUSD retreats from the highest level in four months as traders await monetary policy announcements from the European Central Bank (ECB) early Thursday. In doing so, the Euro pair justifies the overbought RSI conditions. However, a successful break of a descending resistance line stretched from early January, now immediate support near 1.0890, joins the bullish MACD signals to keep the buyers hopeful. Even if the quote drops beneath 1.0890 resistance-turned-support, a convergence of the 50-SMA and 200-SMA, close to 1.0810-05, will be a tough nut to crack for the bears. It’s worth mentioning that the 50-SMA is approaching the 200-SMA from below and portrays a bullish moving average crossover called “Golden Cross”, which in turn suggests further upside of the major currency pair.
Meanwhile, EURUSD bulls can aim for the 1.0980-1.1010 resistance zone during a fresh upside. Following that, 1.1040 and the 1.1100 threshold may act as intermediate halts while directing buyers toward the late 2023 peak of 1.1140. In a case where the Euro pair remains firmer past 1.1140, the odds of witnessing a run-up toward the previous yearly high of 1.1275 and then to the year 2022 top surrounding 1.1495 can’t be ruled out.
Overall, EURUSD remains in the upward trajectory despite the pre-ECB pullback. However, the upside room appears limited unless the quote offers a daily closing beyond 1.1010. It should be observed that the ECB is likely to keep the monetary policy unchanged but bears are waiting for the signals of further rate cuts in 2024.
technical look at the EURUSDFor the EURUSD, it based yesterday at the 50% midpoint of the move down from the December 2023 high (see video yesterday "EURUSD bounces off the 50% midpoint, giving the buyers the "go-ahead" to push higher"). That gave traders the go-ahead to push higher and indeed the price pushed higher today. The move to the upside has now extended by the 61.8% retracement at 1.0933 and tests the high going back to March 21 at 1.0942. Above that level and chairs aside to target the other high prices from March at 1.0963 and 1.0981.
EURUSD View! Stocks, dollar gain after US retail sales dataS&P 500 up in early trading
Treasury yields slip
Oil prices fall
World stock indexes mostly rose and the U.S. dollar strengthened on Tuesday after solid U.S. retail sales signalled resilience in the economy.
Data released on Tuesday showed retail sales unchanged in June from a May reading that was higher than initially estimated.
Markets were still fully pricing in a rate cut of at least 25 basis points (bps) by the Fed at its September meeting, according to CME's FedWatch Tool.
The MSCI All-World index EURONEXT:IACWI rose 1.12 points, or 0.14%, to 829.85.
EURUSD: A SHORT TRADEThe market has made a short term change of character to the downside direction
so we are going to look for quick targets rather than big targets and take the profits as the targets hits and continuously moving the trailing stop loss
so then we go to the 15 min to look for liquidity and traps so that we can take the entry immediately after the liquidity is taken
the targets are based on the previous lows as these are the areas where there might be a change in trend or a possible reaction opposite to our trade
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
USD(DXY) tends to recover to 104,820 and then continue to declinContext USD(DXY) tends to recover to 104,820 and then continue to decline to 102,344
We believe that buying opportunities will continue to appear on GOLD and EUR/USD at 2413 to 24o91 and 1.08588 to 1.09572, respectively.
Selling opportunities continue to appear on USDCHF, USDCAD, at 0.89950 1.36985 respectively
Ahead today is the opportunity to sell GOLD from 203x to 2013, EUR/USD
Short-term buy USD/CHF USD/CAD correction before tonight's news 19:30 (UTC+7)
EURUSD View! EURUSD extends to the swing area
The EURUSD, like the GBPUSD, has stretched to new highs as European traders look toward the exits for the week. The move higher takes the price toward the high from June 2024 at 1.0915 and into a longer swing area between 1.0909 and 1.0918. That area will need to be broken to increase the bullish bias.
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
EURUSD: A QUICK RECAPThe 4 hour and the 1 hour time frame has still been making higher highs and higher lows
So the market is bullish and it is expected to do so because it is always advisable to follow the trend
whenever the market starts making moves that are balances and small, then the market would most likely create and take liquidity, make a correction, rebalance and then move in the direction of higher bias.
EURUSD SETUP TRADE WIH 1:5 RISK REWARDEURUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
EURUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Low-Risk Opportunity in EUR/USD Near Key Supply ZoneMarket Overview:
In the 1-hour timeframe, the FX:EURUSD pair has shown a Break of Structure (BOS) to the upside, indicating a potential bullish momentum. The price is currently approaching a significant H4 supply zone, which could act as a strong resistance area.
Supply and Demand Analysis:
H4 Zone (Supply): This zone represents a potential area where sellers might step in, leading to a price reversal.
H1 Zone (Demand): This lower zone can act as a strong support area if the price retraces, offering a potential entry for buyers.
Recommended Strategy:
Given the current market structure, the least risky direction appears to be shorting from the H4 supply zone, as the price is more likely to encounter resistance here.
Entry, Stop-Loss, and Take-Profit:
Entry: Monitor the H4 supply zone for bearish confirmation before entering a short position.
Stop-Loss (SL): Place above the H4 supply zone to protect against a false breakout.
Take-Profit (TP): Target the H1 demand zone for a favorable risk-to-reward ratio.
Recommendation:
This setup suggests a good opportunity to short EUR/USD as it approaches the H4 supply zone. Traders should look for bearish price action signals in the supply zone to confirm the entry. Proper risk management is crucial, and adjusting the stop-loss to break even once the trade is in profit is advised.
Happy trading!
M15 Structure has confirmed a downward trend, waiting to sell!Overall, we can see that the price has touched the H4 supply zone, with multiple reactions at this level. The M15 timeframe has just confirmed a potential price decrease. Our action is to wait for a selling opportunity at the M15 supply zone as shown in the image.
Analysis based on supply and demand method:
1. Higher timeframe context: The chart shows a clear H4 supply zone at the top, which has been respected multiple times. This suggests strong selling pressure at higher levels.
2. Lower timeframe confirmation: The M15 timeframe has formed its own supply zone, aligning with the higher timeframe structure. This multi-timeframe confluence increases the probability of a successful trade.
3. Recent price action: The price has shown rejection from the H4 supply zone and has started to form bearish structures on the M15 timeframe. This indicates that sellers are gaining control.
4. Entry strategy: The plan to wait for a retest of the M15 supply zone before entering a short position is a prudent approach. It allows for a better risk-to-reward ratio and confirms the bearish momentum.
5. Potential targets: The chart shows multiple demand zones below the current price, which could act as potential profit-taking areas. These are marked as 1R, 2R, and 3R, offering increasingly favorable risk-to-reward ratios.
6. Risk management: A stop loss is placed above the M15 supply zone, which aligns with proper risk management principles in supply and demand trading.
This analysis suggests a high-probability selling opportunity based on the alignment of supply zones across multiple timeframes and recent price action confirmation.
Technical Analysis for EURUSD on July 8 (Supply and Demand)Market Conditions:
Daily, H4, and H1 timeframes are showing an uptrend.
However, the M15 demand zone has been broken, and just above is the H4 supply zone.
This indicates a potential counter-trend setup as shown in the chart.
Exercise extreme caution as this is a counter-trend trade.
The expected R:R ratio for this trade is 1:1 to ensure safety.
Entry:
Enter short positions after the price touches the H4 supply zone.
Exit:
Take profits at the H1 demand zone, ensuring a 1:1 ratio for safety.
Recommendation:
Monitor the price movements closely and be prepared for potential fluctuations, adjusting your strategy as necessary. Given that this is a counter-trend trade, it's important to manage risk carefully and consider taking partial profits along the way.
EURUSD bulls stay hopeful ahead of Fed Chair Powell’s TestimonyEURUSD remains well-set on the buyer’s radar, despite snapping a four-day uptrend, as markets await Federal Reserve (Fed) Chairman Jerome Powell’s bi-annual Testimony. That said, the upbeat RSI (14) line and the bullish MACD signals join the quote’s successful trading beyond a convergence of 100-SMA and 200-SMA to keep the buyers hopeful. However, a month-old horizontal resistance zone surrounding 1.0840-50 guards the Euro pair’s immediate upside. Following that, descending trend lines from early March and January, respectively near 1.0875 and 1.0895, quickly followed by the 1.0900 threshold, will precede the previous monthly top of 1.0916 to challenge the pair’s further advances. In a case where the pair remains firmer past 1.0916, the odds of witnessing a run-up toward the 1.1000 psychological magnet can’t be ruled out.
Alternatively, the aforementioned key SMAs will join the 50% Fibonacci ratio of the EURUSD pair’s October-December 2023 upside to highlight 1.0800-1.0790 as the key support to watch during the quote’s fresh fall. Should the bears manage to conquer the stated support, the odds of witnessing a quick fall toward 1.0750 and the 61.8% Fibonacci retracement level of 1.0710 can’t be ruled out. However, an upward-sloping support line from late 2023, close to 1.0680 by the press time, appears a tough nut to crack for the Euro bears afterward.
To sum up, the EURUSD remains in the upward trajectory despite the week-start pullback. Hence, Fed Chair Powell’s attempt to revive the US Dollar's strength, by providing hawkish clues and/or ruling out economic woes, needs to be taken with a pinch of salt.
Euro Declines Amid French Election UncertaintyThe euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections.
The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced.
The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined.
Do you have any other predictions?
EURUSD IF MARKET BREKOUT M PATTERN THEN SHORT hello friends as you can see that in 15 mint chart market making double top pattern if market breakout down site with good beraish candle or volume then you can short this good opportunity to short i hope you like my idea thank you.
EURUSD 1H Timeframe ProjectionEURUSD 1H Timeframe Projection
DXY - Data Global forecasts say it will decline. Yes, it may, but the dollar is still rising today.
DISCLAIMER: All labeling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
EURUSD: A SMALL SCALPLOGIC:
The 1 hour has been bullish
so for liquidity the market will trap traders in the 15 min time frame
the bears were trapped were the bearish breakout traders were trapped and the trendline had been broken
So i went bullish and aimed for a small target.
just a small 1:2 risk - reward done
EURUSD: A QUICK RECAP1hr time frame:
the market has been making higher highs higher lows indicating that the market is bullish
15 min time frame:
the market had made some liquidity traps in this time frame where the bears were trapped and the market had been going up using this liquidity
But not I am expecting the market to make a proper correction in the 1 hour time frame
But as you can see there was a large wick on friday which collected a lot of liquidity both on the downside and the upside. so lets see how the market reacts.
I am still bullish
EURUSD - 8-12 July24 weekly plays 1. Monthly chart:
#Is in consolidation phase -
2. Weekly chart - a. Volume Imb @1.07388 levels
3.next week major news events are only from wed night till friday Core CPI Data
8-12th July
Scenario -1:
a. If Monday Price pips up to weekly OB @1.08460 levels then we see retracement to Daily FVG.(63.3) pips play
b. If that paly out then & the we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move.
Scenario -2:
a. If Monday Price pips up to weekly OB @1.08460 levels and head higher to the daily OB @ 1.08677 levels which would be just then 21.1 pips higher.
b. then we turn bearish to see retracement to Daily FVG.(63.3) pips play & we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move.
Fib Retracement levels also brings confluence to above scenarios
