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EURUSD.P trade ideas

EURUSD: Buying strategy is still supportedThe EUR/USD pair experienced a modest increase, reaching around 1.0860 in the early Asian trading session on Tuesday. The decline in the US Dollar (USD) has provided some support for this currency pair, with growing optimism fueled by various technical indicators. The upward momentum is being observed and strengthened as a new level of support forms, aligning with the EMA 34 and 89. As long as buyers maintain this support level, the scenario of price increase remains entirely reasonable.
Long
by RKarina
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
EURUSD: The movement trend is not clear!EUR/USD appears to have made a breakthrough above 1.0800 at the beginning of Monday, breaking free from a three-week downtrend. However, the short-term technical outlook paints a picture of indecisiveness in this currency pair. On one hand, strong NFP data from the US continues to bolster the US Dollar, while optimistic industrial production figures from Germany and investor confidence from EU Sentix have not had a significant impact on the Euro. If this pair surpasses the level of 1.0870, it could establish a strong foundation for a bullish recovery in EUR/USD. Conversely, the EMA 34 and 89 indicators currently lean towards a slight downtrend, indicating a lack of momentum for any significant price movements in either direction. Therefore, the support level at 1.0800 is still being monitored for potential retesting.
by RKarina
EURUSD NEXT MOVE (Correction expected )(Mid term)(05-04-2024)Go through the analysis carefully, and do trade accordingly. Current price- 1.08300 "if Price stay above 1.07900 then next target is 1.09000 and 1.09500" if Price breaks 1.07900 then next target is 1.07000 and 1.06600 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
7
EURUSD bullish outlook?Hello everyone! After a long period of decline, EURUSD ended the week with gains and is currently trading at 1.0836. It can be observed across most time frames that the EU has achieved significant milestones, indicating a very positive price outlook. With EU continuing to trade steadily at these high levels, there is a possibility that the price level of 1.082 will be retested in the near future, forming a trend line and using it as a strong support for further price increase. The expected price levels are currently 1.087 and then 1.093
Long
by RKarina
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
EURUSD: The downtrend line has not been broken yetRecent Summary: EUR/USD showed resilience on Thursday but soon encountered strong resistance at the descending trendline, leading to a fresh downward correction. The important support level at 1,076 is currently a solid fulcrum for this currency's recovery hopes. Market Assessment: The support level at 1,076 is showing significant resistance, laying the groundwork for EUR/USD's potential upside, as long as this level is not broken. The important event at the end of the day, related to USD, may be a turning point, affecting the current dynamics of this currency pair. Recovery Potential: If the end-of-day news tilts in USD's favor, EUR/USD may have to look for upside opportunities from alternative factors. However, if USD fails to receive support from the news, EUR/USD has a solid chance to recover and even rally from current support levels. Conclude: With an important event coming up and strong support at 1,076, EUR/USD is in a state of balance between recovery and downside risks.
Short
by RKarina
EURUSD: Suddenly back!In the context of the first rays of dawn in Asia, EUR/USD suddenly exploded, reaching the symbolic level of 1.0850. This recovery was fueled by tension from the USD index, after the shock from the US ISM Services PMI did not meet expectations in March. Then, profit-taking comments from the Fed Chairman Powell added even more "water to the cup", sparking a big move on the trading floor. The weakening of the US Dollar is not only a golden basis for those holding the Euro but also opens a new page for this currency pair. Is this evidence of a new era of the Euro value system or just a fleeting passing color? What will happen next on the electronic boards of global financial markets, as the big picture gradually emerges?
by RKarina
EUR/USD: A Third Wave of an Impulse in Sight Analysis The advance from Oct. 03, 2023 low of 1.0448 to 1.1140 subdivides into five waves. This wave pattern is significant because impulse waves identify the direction of the dominant trend. Thus the five wave advance implies further buying to come that would take prices above 1.1140 as wave 3. The subsequent decline in EUR/USD is developing in three waves; Double Zigzag correction labelled ((w))-((x))-((y)) with wave ((y) in progress, supports this analysis. Counter trend price action typically consists of three waves, it's slow, choppy and often contained within parallel lines. The depth of corrective wave guideline suggests that corrections tend to register their maximum retracement within the span of travel of the previous fourth wave of one lesser degree, most often ending near its terminus. More over, in ratio relationships, sharp corrections tend more frequently to retrace 61.8% of the previous wave particularly when they occur as wave 2 of an Impulse or wave B in a larger Zigzag. Observe that this level is near the previous fourth wave of one lesser degree. Within wave 2, wave ((y)) = 0.618 X ((w)) at 1.0701. Observe that this level is near the previous guidelines. All this evidence virtually suggest that a bottom is at hand and a reversal could be around the corner. Trade Plan Entry: Buy at Market Price Protective Stop: 1.0448;in an Impulse wave 2 CAN NEVER retrace 100% of wave 1. Target: 1120 pips; in an Impulse the third wave commonly travels 1.618 times the gain of the first as in; wave 1 = 692 pips (1.1140-1.0448), wave 3 = (1.618 X 692) Risk-Reward: 1:3
Long
by Aquanet_Market_Forecast
2
EURUSD: Recovering but outlook still bearish!Hello EURUSD traders! Today, we are witnessing a modest recovery of EURUSD to the level of 1.0777, but it still exhibits characteristics of a downward trend. Chart analysis indicates that the decline continues as it breaks out of the upward trend line. Furthermore, the convergence of EMA 34 and 89 appears to favor sellers. According to the Dow Theory, this currency pair is undergoing a corrective wave in its trend and is testing for a breakout, suggesting that any price increase may not be sustained. The target for the downside and the current selling zone is aimed at the first Fibonacci retracement level of 1.618.
Short
by RKarina
EURUSD: Discounts are still preferred!Hello dear friends, as predicted by us yesterday, the EURUSD pair continues to decline at the current price level of around 1.073 and the prospects are even more bearish. The recent rise in the US dollar following strong US PMI ISM data has weighed on this currency pair amidst investors' concerns about Germany's inflation data. From a technical analysis perspective, this currency pair lacks a clear direction for the next trend as the EMA 34 and 89 do not provide us with signals and future prospects. However, the preference still lies with the downward movement, with lower highs and EURUSD breaking below the support level of 1.075. In my personal opinion, I hope that this currency pair will continue to correct further and the lowest point at this time is 1.055.
Short
by RKarina
EURUSD keeps rebound from 1.0725-20 support as EU/US data looomEURUSD recovered from a two-month-old horizontal support the previous day while teasing buyers with the biggest intraday gains in a week ahead of today’s top-tier data from the Eurozone and the US. The corrective bounce from the said support crossed a one-week-long descending resistance and gained support from the firmer RSI (14) line to lure the Euro bulls. However, a convergence of the 23.6% Fibonacci retracement of the pair’s fall from December 2023 to February 2024 and the 50-SMA, around 1.0800 by the press time, will challenge the pair buyers. Following that, the previous week’s peak of around 1.0865 and the downward-sloping resistance line from late December 2023, near 1.0910, could restrict the quote’s further upside. On the flip side, the resistance-turned-support line stretched from last Tuesday, close to 1.0760 at the latest, limits the EURUSD pair’s immediate downside ahead of the previously stated horizontal support zone near 1.0725-20. It’s worth noting, however, that the RSI (14) conditions and the yearly low of near 1.0700-695 might raise the bars for the Euro bears past 1.0720. In a case where the sellers keep the reins below 1.0695, the odds of witnessing a southward trajectory toward the May 2023 low of near 1.0625 can’t be ruled out. To sum up, EURUSD is likely to witness further recovery in prices as traders await the Eurozone inflation and the US ISM Services PMI, as well as the US ADP Employment Change. However, the upside room for the prices appears limited unless the scheduled data disappoints the US Dollar bulls and favors the Euro’s latest advances.
by MTradingGlobal
EURUSD 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!!!!
Long
by Phinics
EURUSD: Downtrend is still strongThe EURUSD continues to maintain a price below the 1.0800 level after facing significant downward pressure last week. The current trading level is 1.078, with a slight recovery indicated by a green candle at the beginning of the week. However, this increase has yet to be confirmed as safe, as technical analysis on the daily chart shows a convergence between price and EMA, creating a barrier and challenge to the potential continuation of the EURUSD's recovery. The outlook remains bearish for this currency pair in the coming period, with a defensive target at the 1.070 level.
Short
by RKarina