Buy EURUSD for a target of 1.09000Eurusd has given a strong breakout after reversing from lows, can expect it to reach 1.09000 in 3-4 trading days
EURUSD_TOD trade ideas
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!!!!
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.
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
EURUSD: A SHORT TRADE1. 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
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
$EUR 4hr ChartMonthly Timeframe → April Month Low is Target.
Weekly Timeframe → Weekly FVG to be Draw.
4H Timeframe → Trendline Liquidity is Target
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
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.
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.
EURUSD: Prediction is still discountedDear traders!
The EURUSD pair is currently moving sideways and forming a triple top pattern. The support at 1.067 is holding but could soon be broken due to persistent selling pressure.
The RSI is stable and the 34 and 89 EMAs are tilted towards the bears. Trend following strategies are emphasized and I am favoring short EURUSD.
Do you agree with this view? Share your thoughts in the comments below!
EURUSD: Continue to discount!EUR/USD hovered at familiar levels on Wednesday, continuing to languish in a prolonged downtrend that has persisted for several weeks as Euro traders await impactful data releases. Momentum is expected to remain subdued as the market anticipates fresh data that could potentially invigorate market dynamics starting Thursday. Therefore, we anticipate the currency pair to trade sideways today.
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.
EURUSD: A QUICK RECAPThe market had been making a lower low and lower high
so the bears have been in control and the trend has been bearish
So it is always advisable to follow the trend
A sweep above the OB had occurred
and then the buyers were trapped before a huge fall
EURUSD Impressive internal structureEURUSD has been consistently accumulating in a wide internal structure, these structures are best for scalpers and day traders since they have a definite range with lesser volatility and high predictability.
Order blocks are marked as per my analysis. Make sure to do your own analysis as well before creating any positions.
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.
EURUSD: In French, Merci!All that Glitters is not Gold.
DXY is the one to watch as it approaches 106.00
One more failure of it? may be.
What if it breaks and moves past 106.00
The cue and clue is Euro.
A potential H n S, shake it to believe it?
If that neck- is offered as the line of break.
We can take solace in French by Merci, thank you.
Welcome to the world of Par (1.0000)
Not the probable, but not out of the canvass.
1.0670 supports short term while 1.0720 offers.
Only a close below 1.0760 above offers hope,
bring me some who sees that as a possibility
EUR/USD continues its downtrend below 1.0700EURUSD maintained its bearish momentum on Friday and the pair formed a cup-in-hand pattern on the 1-hour chart with consolidation around 1,069. The outlook remains further bearish after the pattern completed and broke the 1,067 support level.
EURUSD: Sellers are still profitableEUR/USD took a familiar dip this Thursday, retreating to the 1.0700 mark as a lack of economic data from the US supported the Greenback.
As we head into Friday, markets are set for a data-heavy series, including Purchasing Managers' Index (PMI) figures for both the EU and US The outlook remains bearish with the model The price wedge remains intact and the downtrend remains active, supported by the 34 and 89 EMA.
EURUSD strategy: Should Buy or Sell !On Wednesday, EUR/USD experienced an uptick as the U.S. markets took a mid-week holiday break. As we move into the second half of the trading week, investors are looking ahead to the Friday PMI data for meaningful insights that could steer market sentiment.
Despite the recent recovery, uncertainty lingers. The pair is still facing significant resistance and a downward trendline. Keep an eye on these levels – if EUR/USD breaks through the resistance, a buying opportunity could emerge. Conversely, if the resistance holds, selling might be the better strategy.
Stay tuned and watch those key levels closely!
EURUSD: Prospects still decreaseToday, EURUSD remains confined within a descending wedge pattern. Key technical indicators, including the trendline and EMA, continue to favor a bearish outlook for investors. As long as the upper boundary of the wedge holds, the selling trend strategy remains the preferred approach with high expectations.
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
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.
