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EURUSD.P trade ideas

Falling wedge highlights EURUSD as markets await FOMC MinutesEURUSD pares weekly losses within a fortnight-long falling wedge bullish chart formation ahead of Fed Minutes. The major currency pair’s rebound appears more interesting as it stays beyond the 200-EMA amid a steady RSI (14) line, suggesting further upside. However, the Euro bulls need to carve out the 1.0920 hurdle to confirm the bullish pattern pointing towards the theoretical target of 1.1100. However, the late June high of around 1.1010 and the yearly peak of around 1.1095 may act as an intermediate halt during the anticipated rise. Meanwhile, a downside break of the 200-EMA, around 1.0865 at the latest, will direct the EURUSD bears toward confronting the 1.0835-30 support confluence comprising the stated wedge’s bottom line and an ascending trend line from late May. It’s worth noting that a clear downside break of 1.0830 will make the Euro pair vulnerable to testing the early June swing high of around 1.0780. Additionally, the quote’s weakness past 1.0780 could direct it to the previous monthly low of near 1.0660. Overall, the EURUSD pair is likely preparing for a bullish move but the upside needs to cross the 1.0920 resistance and gain support from the dovish Fed Minutes to convince the buyers.
by MTradingGlobal
EURUSD Swing a deterministic buy target for EU has been set for few days so until further notice all important data gonna act as catalyst ( unless a black swan happen which is 1-5% possibility and not worth considering at all ) the exact buy continuation may be a little off reach but better be ready for worst condition to buy with peace also this can be a time and price delivery but since its a swing and big target its very hard to tell exact time delivery on next big rally for EU although i tried my best to show it on chart so the positions are based on time and price - if i still used this account then i would share next big rally to buy target few hours before it starts.
Long
by al1r3zaw
A simple EUR USD Short -30 Jun 2023Intraday Speculative Trade Macro Outlook: 29th June 2023 1) Fed expected to remain more hawkish ( Bostic, A Dove, feels this is only the beginning of tightening 2) US GDP Final (Q1) 2.0% vs 1.4% (Expected) & GDP Sales Q1(4.2%) vs 3.5% (Expected) 3.4% (Previous) Technical Confluences 1. Multiple Order Flow from Supply to Supply 2. Inflation Fears from Yesterday's data amplified the hawkish Fed outlook 3. Flip from short-term demand to supply on 1 Min timeframe 4. EMA 51 Retest which is an additional confluence 5. Target of 1:6 at 1.0854 reached 6. Entry at 1.08678
Short
by shreyassanand
EURUSD bears have a long road ahead before taking controlEURUSD holds onto the previous week’s U-turn from a five-month-old horizontal resistance while bracing for the second weekly loss, targeting the 50-EMA support of around 1.0850 of late amid a looming bear cross on the MACD. That said, the RSI (14) line’s retreat from the overbought RSI also suggests the Euro pair’s further weakness and hence the pair’s fall past the 50-EMA to the 50% Fibonacci retracement of January-April upside, near 1.0785, can’t be ruled out. However, a convergence of the 200-EMA and the 61.8% Fibonacci retracement, close to 1.0715-10, appears a tough nut to crack for the sellers. Even if the quote manages to break the 1.0710 support confluence, an upward-sloping support line from January, surrounding 1.0670, will act as the final defense of the buyers before giving control to the bears. It should be noted, however, that the EURUSD pair’s recovery from the 50-EMA support will be difficult unless crossing the multi-month-old horizontal resistance area around 1.0990. Also acting as the short-term upside hurdle is the 1.1000 psychological magnet. Following that, the yearly high marked in April near 1.1095 holds the key to the major currency pair’s rally toward the March 2022 peak of 1.1185. Overall, the EURUSD is likely to witness further downside but the road towards the south won’t be smooth.
by MTradingGlobal
EURUSD Swing Downtrend AnalysisTrade Analysis : Swing EURUSD Downtrend Channel analysis on EURUSD Trend Identification: Swing Downtrend EURUSD . Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bearish pullback with market structure. Targets: T1 = 1.6000, T2 - 1.0550. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows. Conclusion: Based on the chart analysis of , EURUSD is Downtrend has been identified. EURUSD is heading towards the 3-Month Low. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
Short
by JagadishSinghR
2
Eurusd is short or what? For me i am looking for short because of higher time frame analysis. Here is my short setup for this week, if you have no idea for this week just follow it's upto you. Wait for price to reach the upside zone in NEW YORK session then look for double top in that zone area(basically first candle rejected + next candle close below the zone+ again some retest rejection from the zone) then take the setup. Keep the stoploss above the zone and target 1:3 are the below mentioned zone thank you.
Short
by suriyaslayer2