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EURUSD.1 trade ideas

EURUSD: Still discounted!Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071, struggling to find upward momentum. Bearish Wedge Pattern: The pair is confined within a narrowing wedge, indicating potential for further downward movement. EMA Indicators: Both the 34-day EMA and 89-day EMA are aligning with the bearish trend, providing additional resistance to any bullish attempts. Trading Outlook: With the prevailing bearish sentiment and technical indicators supporting the sellers, the focus remains on short positions. Stay vigilant and consider these factors in your trading strategy. Happy tradi
by HamedMarkets
1
EURUSD fades bounce off key support line as full markets returnEURUSD lacks clear directions early Thursday after rising in the last three consecutive days. In doing so, the Euro pair fades Friday’s rebound from an upward-sloping support line stretched from October as sentiment dwindles amid the return of full markets after the previous day’s Juneteenth holiday in the US. Apart from the struggle to defend the recovery, bearish MACD signals and a downbeat RSI line also challenge the buyers. Apart from that, a fortnight-old descending resistance line surrounding 1.0765 and a convergence of the 100-day and 200-day Exponential Moving Average (EMA), near the 1.0800 threshold, stand tall to restrict the quote’s upside moves. In a case where the major currency pair remains firmer past 1.0800, the odds of witnessing a quick run-up toward the monthly high of 1.0916 can’t be ruled out. Alternatively, EURUSD sellers aim for the 61.8% Fibonacci retracement of the October-December 2023 run-up, close to 1.0710, as an immediate target ahead of revisiting the aforementioned multi-month-old support trend line surrounding 1.0670. It’s worth noting that the monthly low of around 1.0665 acts as an additional downside filter for the Euro before directing it to the yearly low of 1.0600 marked in April. Additionally, the 78.6% Fibonacci ratio of 1.0595 acts as the final defense of the buyers ahead of allowing the bears to challenge the late 2023 bottom of near 1.0450. Overall, EURUSD remains on the bear’s radar unless crossing 1.0800. However, downside room for the pair appears limited.
by MTradingGlobal
EURUSD Short Selling strategy?Hello everyone! What is your opinion? In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well with the Elliott Wave structure. It looks like EURUSD is ending Wave 1 and I predict that the next waves will play out as analyzed, potentially breaking below the 1.061 support level. What do you think about EURUSD? Please leave a comment below so we can discuss! Good luck with your trading!
Short
by HamedMarkets
EURUSD: A RISKY SHORT1. in the 1 hour time frame the market had been making lower lows and lower highs with heavy imbalances indicating the presence of large institutions, banks and smart money 2. The 15 min time frame has also shown a change of character near the 1 hour order block, thus the short entry 3. But it is risky because there is more FVGs above the orderblock where we have entered so the market might go up to fill them and then go down from an extreme OB Knowledge is Wealth! Here We provide value in the form of education and knowledge!
Short
by VitalismTraders
EURUSDEUR/USD 4-Hour Analysis: Potential Bearish Continuation Chart Overview: This EUR/USD 4-hour chart analysis indicates a potential bearish continuation following a recent break of significant support levels and trend lines. Key Points: 1. Resistance and Support Levels: - Resistance: A strong resistance level is identified around 1.08520, highlighted with a red shaded area, where price has previously reversed. - Support: The 0.61% Fibonacci retracement level around 1.08012 serves as a crucial support level. 2. Trend Analysis: - The pair initially showed an upward trend, but recent price action has broken below a key ascending trend line, indicating a shift to bearish momentum. 3. Fibonacci Retracement: - The 0.61% Fibonacci level (1.08012) is marked as a significant retracement point. This level is often watched by traders for potential reversal or continuation. 4. Price Projection: - The expected price path is a retracement back to the 0.61% Fibonacci level before continuing the downward movement. This is illustrated by the projected zigzag pattern. 5. Risk/Reward Setup: - The analysis includes a potential short trade setup with the green shaded area representing the target zone and the red shaded area indicating the stop-loss zone. This setup suggests a favorable risk/reward ratio. 6. Market Sentiment: - Overall sentiment is bearish, with the price action showing strong downward momentum after breaking the support and trend line. Trading Plan: - Look for shorting opportunities at the resistance zone around 1.08012. - Place stop-losses just above the red shaded area to manage risk. - Target the support zones below the current price action for potential take-profits. This analysis suggests caution and patience for traders, waiting for the price to reach key levels before entering trades. As always, ensure proper risk management and consider external economic factors that may influence price movements.
Short
by harshkjogadia
Weekly Analysis: EURUSD On top of the recent swing move we can see a nice liquidity sweep of the consolidated previous weekly candles, rejecting the price and pushing downside and the recent bearish candle we now see validates the previous downclosed candle. The huge wicks are results of economic events that occurred last week showing sign of rejection and pushing price to the downside. So in the upcoming week we should see price running below daily and weekly liquidities.
Short
by Siddhantmhaiske
EURUSD: Prioritize the downtrend!Hello fellow EURUSD trading lovers! Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080. -Market summary: Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase. Technical outlook: Price Pattern: The pair is trading in a narrowing wedge pattern, characterized by lower highs and lower lows. Short-term forecast: With these technical signals, EURUSD will likely continue to decline in the near future. I'm more inclined towards sales. What is your view? Do you see more opportunities on the downside or do you have a different view? Share your thoughts!
Short
by HamedMarkets
EURUSD: A RISKY TRADE IDEAQ) WHAT IS THE CURRENT STATUS OF THE MARKET: 1. The daily time frame has shown a slight bearish nature with the price making a choch with fvg to the downside. But this could also be an attempt by the institutions to collect liquidity and go long 2. the 1HR and the 4HR has shown bullish nature and for now we are going to follow that and take a small profit with a small yet risky stop loss 3. The price has been making higher high in this time frame 4. so the entry is at the place where the 15 min choch occurs, which provides the confirmation that the market is trying to go up
Long
by VitalismTraders
EURUSD trading strategy! The selling trend is still strong!Hey everyone, What are your thoughts on EURUSD today? Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day. It's expected that after completing this retracement, the price might resume its downward trend, just as illustrated on the chart! What’s your take on this? Let’s discuss your insights in the comments below!
Long
by HamedMarkets
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.
Long
by okako_trading
Should we buy or sell EUR/USD today?Dear friends! Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar. If the downtrend continues, EUR/USD could first target the June low of 1.0719 and could then fall deeper to 1.0649.
Short
by HamedMarkets
4