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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EURUSD rebound needs validation from 1.0940 to convince bullsEURUSD extends recovery from a five-week low while defending the previous day’s bounce off a one-month-old falling wedge’s bottom line. The Euro pair’s recovery also traces the RSI (14) line, as well as justifies the impending bull cross on the MACD indicator, which in turn suggests further advances of the major currency pair. However, the 200-SMA hurdle surrounding 1.0920 guards the immediate upside of the quote. Following that, an ascending resistance line stretched from early November, previous support near 1.0940, will join the top line of an aforementioned bullish chart pattern, namely the falling wedge, to challenge the buyers. In a case where the pair remains firmer past 1.0940, the 1.1010-15 region and the previous monthly high of near 1.1140 could act as intermediate halts during the run-up towards the theoretical target of the falling wedge, close to 1.1240 On the flip side, EURUSD sellers remain off the table unless they witness a clear rejection of the falling wedge chart pattern, via a downside break of the stated formation’s bottom line surrounding 1.0840. In that case, the early November swing high and the previous monthly low, respectively near 1.0755 and 1.0720, will lure the Euro bears. It should be noted that the quote’ sustained weakness past 1.0720 will make it vulnerable to slump toward October 2023 bottom near 1.0450. To sum up, EURUSD pares recent losses but the bulls are far from taking control.
by MTradingGlobal
EURUSD: buy or sellWhat are your thoughts on EURUSD as the market experiences a significant week with many enticing fluctuations? Today, we witnessed EURUSD succumbing to the downward trend, aligning with our prediction from yesterday. This currency pair is under pressure as the USD begins to regain strength, heavily impacting these major currencies. On the analysis chart, EURUSD has surpassed the Trend Line and dropped below the psychological support level of 1.090. The 4-hour chart indicates that this downward trend may continue soon. By violating the level of 1.0861, we may not encounter any significant support until reaching 1.078
Short
by RKarina
EURUSD: Buy or sell?Hello everyone, what are your thoughts on EURUSD today? Currently, EURUSD is still in a downtrend after forming a double top pattern and starting to decline further with a reversal signal from the EMA 34. Market risk concerns have pulled down risk assets like the Euro in the context of escalating tensions in the Red Sea. Our priority target is to SELL because the main trend is still bearish and trading with the trend is always an effective and safe trading approach
Short
by RKarina
2
EURUSD bulls remain unconvinced despite recent reboundEURUSD remains mildly bid within a 10-week-old bullish channel as market players seek more clues to justify the previous day’s strong US inflation report, as well as comforting comments from ECB President Christine Lagarde. That said, the 21-SMA and Thursday’s Doji prods the Euro bulls amid bearish MACD signals. Even if the pair buyers manage to cross the 1.0985 immediate SMA hurdle, November’s peak of around 1.1020 and the previous monthly high surrounding 1.1140 will test the upside momentum. Following that, the aforementioned channel’s top line, close to 1.1220 at the latest, will act as a tough nut to crack for the buyers. Alternatively, the EURUSD pullback needs to defy the bullish channel formation by slipping beneath the 1.0910 support to convince sellers. Even so, the 200-SMA support of 1.0845 can challenge the Euro bears before giving them control. In that case, December’s bottom of 1.0723 and October’s peak of near 1.0700 will be the final defenses of the buyers ahead of directing prices toward the yearly low marked in October around 1.0450. Overall, EURUSD manages to consolidate the previous weekly loss and defends the bullish chart formation but the recovery appears fishy and hence needs confirmation from 21-SMA.
by MTradingGlobal
EURUSD: increasing rapidlyToday, the EURUSD currency pair is showing a good recovery momentum. This recovery is supported by the weaker US dollar. The 4-hour chart continues to indicate some short-term consolidation as the pair successfully breaks through the resistance level at 1.096, with a reversal signal from the 34 EMA line. It is expected that after a retracement and testing the breakout level, EURUSD will utilize this newly established support level to reach its price target of 1.099 and potentially even 1.106.
Long
by RKarina
EURUSD: Sell on price breakout after news?Dear friends, Currently, EURUSD is experiencing minimal volatility and remains relatively stable around the 1.093 level. This is confirmed by the narrowing of the Bollinger Band indicator, indicating a preparation for the next breakthrough. Speaking of breakthroughs, EURUSD is being constrained below the resistance level of 1.096 and finding support at 1.090. The market is currently focused on the latest consumer inflation data from the United States, which will be released on Thursday, to gain significant directional momentum. After the news is announced, this currency pair may experience a breakthrough in two scenarios as mentioned: an increase upon breaking the resistance level and a decrease if the bearish side breaks the support. On a personal note, I am expecting a decrease in EURUSD. What about you? Please leave your comments below!
Short
by RKarina
EURUSD NEXT MOVE (wait for selling area)(05-01-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (05-01-2024) Current price- 1.09200 Trading tips, use the level shown in the chart for selling and buying. everything mentioned in the chart. -POSSIBILITY-1 NA -POSSIBILITY-2 if Gold moves towards Best selling area as shown in the chart, we will place sell orders and hold them up to target shown in the chart. Our trading Preference, Trading tips: NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
2
EURUSD weekly vi (wait for perfect entry)(26-12-2023)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (26-12-2023) Current price- 1.10200 Trading tips, use the level shown in the chart for selling and buying. everything mentioned in the chart. -POSSIBILITY-1 if Gold moves in the buying area as shown in the chart, we will place buy orders and hold them up to target shown in the chart. -POSSIBILITY-2 if Gold moves in the selling area as shown in the chart, we will place sell orders and hold them up to target shown in the chart. Our trading Preference, Trading tips: NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
EURUSD NEXT MOVE (MID TERM ANALYSIS)(29-12-2023)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29-12-2023) Current price- 1.10800 Trading tips, use the level shown in the chart for selling and buying. everything mentioned in the chart. -POSSIBILITY-1 NA -POSSIBILITY-2 if Gold moves in the selling area as shown in the chart, we will place sell orders and hold them up to target shown in the chart. Our trading Preference, Trading tips: NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
EURUSD NEXT MOVE (mild correction, selling continue)(08-12-2023)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (08-12-2023) Current price- 1.08000 "if Price stay below 1.10200, then below situation may be on the cards EURUSD SELL @1.08300-1.08600 TP1-1.07300 TP2-1.06200 SL@1.102000 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Our trading Preference Trading tips: (Accuracy 90%) Gold Sell/Buy @NA TP@NA SL@NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
EURUSD NEXT MOVE (SELLING CONTINUE)(06-12-2023)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (06-12-2023) Current price- 1.07800 "if Price stay below 1.10200, then below situation may be on the cards EURUSD SELL @1.07800-1.08500 TP1-1.68000 TP2-1.06200 SL@1.102000 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Our trading Preference Trading tips: (Accuracy 90%) Gold Sell/Buy @NA TP@NA SL@NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
EURUSD NEXT MOVE, Bears are still in power (05-12-2023)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (05-12-2023) Current price- 1.08500 "if Price stay below 1.10200, then below situation may be on the cards EURUSD SELL @1.08800 TP1-1.07500 TP2-1.06500 SL@1.10200 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Our trading Preference Trading tips: (Accuracy 90%) Gold Sell/Buy @NA TP@NA SL@NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi