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Euro / U.S. Dollar

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EURUSD trade ideas

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
Long
by VitalismTraders
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
by SakhiKaDarQalandar
2
EUR/USD 4H Analysis: Key Liquidity Zones and Potential Reversal This EUR/USD 4-hour chart highlights critical liquidity zones and potential reversal points. The chart shows a break of structure (BoS-4h) and significant supply and demand zones (SU-4h and DE-4h). Key observations include: Price has reached a 4-hour supply zone (SU-4h) near 1.08500. Potential liquidity traps are identified above and below the current price level. A marked order block (OB D) suggests a possible reversal around 1.08550. Further liquidity zones are noted at higher levels (1.09000) and lower levels (1.06500, 1.06000), indicating possible targets for price action. Keep an eye on the upcoming price movements around these zones for potential trading opportunities. Contact me for more detailed analysis and updates.
Short
by Karnatrader
EURUSD SHORTFOREXCOM: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!!!!
Short
by Phinics
EURUSD bulls jostle with 200-SMA hurdle on US HolidayEURUSD struggles to keep the buyers on board early Thursday, after rising for four consecutive days, as market momentum dwindles during the US holiday. That said, the Euro pair jumped to a three-week high while rising the most in a week after the US statistics drowned Greenback the previous day. However, the cautious mood ahead of Friday’s key US employment report might have challenged the bulls of late, especially amid dicey markets. That said, the RSI’s pullback from the overbought region and receding bullish bias of the MACD joins the 200-SMA to limit the quote’s further upside past 1.0790-85. Even if the quote crosses the 1.0790 hurdle, the 1.0800 threshold and the 61.8% Fibonacci ratio of March-April fall, close to 1.0840, will prod the additional advances. Above all, a four-month-old descending resistance line, close to 1.0895, quickly followed by the 1.0900 round figure, will act as the final defense of the bears. Meanwhile, the EURUSD pair’s retreat appears elusive beyond the week-start peak of around 1.0776. Following that, the 100-SMA support of 1.0730 will be crucial to watch for the Euro bears. It’s worth noting, however, that an ascending support line from mid-April, close to 1.0680 by the press time, appears a tough nut to crack for the sellers, a break of which will make the pair vulnerable to slump toward the yearly low of 1.0600 marked in April. Overall, the EURUSD pair is likely to remain on the bull’s radar during a less active day. However, the quote’s upside room appears limited and hence highlights Friday’s key data/events.
by MTradingGlobal
EURUSD TRADE SETUPFOREXCOM:EURUSD FX:EURUSD OANDA: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
1
EURUSD Possible sign upwards positive elections push!Global stocks were flat while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a continuing tight labor market as well as prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell. The Fed still needs more data before cutting interest rates to ensure recent weaker inflation readings properly reflect underlying price pressures, Powell told a conference in Portugal on Tuesday. His comments came after Labor Department data on Tuesday showed job openings , a measure of labor demand, rose by 221,000 to 8.140 million on the last day of May, the lowest level since February 2021 and slightly ahead of Wall Street expectations.
Long
by FXBANkthe8055
EURUSD: A SHORT TRADEFLEXIBILITY, BEING FLUID AND FOLLOWING THE MARKET RATHER THAN FIGHTING IT IS THE KEY! 1. The 4 hour time frame has been bearish 2. the 1 hour has been bullish, but there is a probability that the 1 hour bulls might be trapped as liquidity for the 4 hour price move 3. the market made a choch in the 1 hour time frame. 4. when into the 15 min to make the most of the move, waited for the bulls to get trapped in the W pattern, and then entered after a liqudity sweep. 5. It was a short entry
Short
by VitalismTraders
Mind the Gap!Mind the Gap! The Gap comes, gets filled, filled in three candles in tenor of 6 hours, 6 hours as that is 1/4 of 24 hour market. 1. gap fills and move and closes higher. 2. The wick(ed) story to tell. 3. the doji may not convery anything, the following candle may have some thing to suggest. 4. the three candles continue to tell some, this current candle will close in another 2 hours and 40 min. 5. Some contrarian, is very much part of the trader life, 6, 1.0720-1.0770 rules, pick the side that gives better RR
by sreebhashyam
EURUSD: A FORECASTthe market has been in a range for this one week. nothing much has happened clearly such that we could say that the market is going to go in one direction whenever the market is not making any clear moves and if it is in a range it is accumulating liquidity on both sides, mostly to take all the liquidity and to move in a particular direction For now as there has been liquidity sweep where the bears were trapped, i am expecting the market to make a move upwards as the 1 hour had also made a minor break of structure in the bullish side. But trade with caution, because there has not been any major bos with imbalances indicating the absence of big players
Long
by VitalismTraders
1
EUR/USD Awaits Major Economic Events: Potential Downside .....EUR/USD has been trading within familiar midranges around 1.0700, reflecting market indecision. Key German economic indicators missed expectations last Friday, while US PCE inflation data met forecasts but failed to ignite significant market movement. The chart indicates potential downside risk, with a key support zone at 1.0600. Traders should watch upcoming European inflation numbers and US Nonfarm Payrolls data for potential catalysts. The current technical setup suggests a possible short position if the price fails to break above 1.0800 and heads towards 1.0600 support. German and US economic data releases next week could provide significant volatility. Focus on ECB Forum and US Nonfarm Payrolls for potential market direction cues.
Short
by Karnatrader
EURUSD approaches multi-month-old support ahead of Fed inflationEURUSD struggles to defend the first weekly gain in four as sellers appear more inclined to revisit an upward-sloping support line from early October 2023. That said, the Euro pair’s failure to keep Thursday’s rebound from the stated support line joins the bearish MACD signals to keep sellers hopeful ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the Core PCE Price Index. However, a daily closing beneath the aforementioned key technical support surrounding 1.0665 becomes necessary for the bears to tighten their grip. Following that, the quote becomes vulnerable to slump toward the yearly low marked in April around 1.0600. In a case where the downbeat RSI conditions and the stated 1.0600 support fail to stop the sellers, the prices could well aim for the year 2023 to bottom close to 1.0450. Meanwhile, EURUSD recovery remains elusive unless it stays beneath a convergence of the 200 and 100 SMAs, close to 1.0790 by the press time. That said, the 1.0750 and the 1.0800 thresholds are extra upside filters to watch during the quote’s fresh rise in case of the downside US data. It’s worth noting that the Euro pair’s successful run-up beyond 1.0800 will enable buyers to aim for the 50% Fibonacci retracement of late 2023 fall, around 1.0865, but a descending trend line from early January 2024, close to 1.0900, will challenge the upside afterward. Even if the quote manages to remain firmer past 1.0900, an 11-month-long falling resistance line near 1.0990 and the 1.1000 psychological magnet will be tough nuts to crack for the bulls. Overall, EURUSD bears keep the reins ahead of the key US data but the quote’s further downside hinges on the strong US inflation clues and a clear break of the 1.0665 support.
by MTradingGlobal
EURUSDEUR/USD 30-Minute Analysis: Breakout and Bullish Continuation Chart Overview: This EUR/USD 30-minute chart analysis identifies a breakout from a downtrend and highlights a potential bullish continuation setup. The chart includes key support and resistance levels and projects possible price action. Key Points: Trend Analysis: The chart initially shows a downtrend marked by a descending trendline. However, recent price action indicates a breakout above this trendline, suggesting a potential shift to bullish momentum. Support and Resistance Levels: Support: A significant support zone is highlighted around the 1.06950 level, shown with a grey shaded box. This area previously acted as resistance and is expected to provide support after the breakout. Resistance: The resistance level to watch is around 1.07450, as indicated by the projected price path. Bullish Breakout Signal: The price has broken above the descending trendline, which suggests that the bearish pressure is easing and a bullish trend may be emerging. The recent consolidation around the support zone further strengthens the case for a bullish continuation. Potential Price Path: The analysis suggests a pullback towards the support zone around 1.06950, followed by a bullish continuation towards the resistance level around 1.07450. The projected price path is indicated by the upward arrow, showing the expected move after the pullback. Market Sentiment: The sentiment is bullish given the breakout above the descending trendline and the support holding. Traders should watch for confirmation of the bullish continuation with higher lows (HL) and higher highs (HH). Trading Plan: Look for buying opportunities on pullbacks towards the support zone around 1.06950. Consider placing stop-losses just below the support level to manage risk. Target the resistance level around 1.07450 for potential take-profits. This analysis suggests a potential bullish continuation for EUR/USD, with a buying opportunity on pullbacks towards the support zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Long
by harshkjogadia