EUR/USD 4-Hour Analysis: Key Levels and Potential MovesFurther Decline to DE-1d: If the DE-4h zone fails to hold, the next significant support is at the DE-1d level, where a stronger bullish reaction might occur.
EURUSD_TOM trade ideas
EURUSD: Prioritize the downtrend!Hello fellow EURUSD trading lovers!
Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080.
-Market summary:
Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase.
Technical outlook:
Price Pattern: The pair is trading in a narrowing wedge pattern, characterized by lower highs and lower lows.
Short-term forecast: With these technical signals, EURUSD will likely continue to decline in the near future.
I'm more inclined towards sales. What is your view? Do you see more opportunities on the downside or do you have a different view? Share your thoughts!
EURUSD EURUSD m15 set up is there, 1:6+ rr can be got, set up is very good, Trade planning can be done by managing the risk
EURUSD: A RISKY TRADE IDEAQ) WHAT IS THE CURRENT STATUS OF THE MARKET:
1. The daily time frame has shown a slight bearish nature with the price making a choch with fvg to the downside. But this could also be an attempt by the institutions to collect liquidity and go long
2. the 1HR and the 4HR has shown bullish nature and for now we are going to follow that and take a small profit with a small yet risky stop loss
3. The price has been making higher high in this time frame
4. so the entry is at the place where the 15 min choch occurs, which provides the confirmation that the market is trying to go up
EURUSD trading strategy! The selling trend is still strong!Hey everyone,
What are your thoughts on EURUSD today?
Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day.
It's expected that after completing this retracement, the price might resume its downward trend, just as illustrated on the chart!
What’s your take on this? Let’s discuss your insights in the comments below!
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.
Should we buy or sell EUR/USD today?Dear friends!
Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar.
If the downtrend continues, EUR/USD could first target the June low of 1.0719 and could then fall deeper to 1.0649.
EURUSD ANALYSIS OVER H1 CHART."Euro vs. US Dollar," EUR/USD
A bounce off the Tenkan-Sen line is seen in EUR/USD. There appears to be a downward trend as the pair is heading below the Ichimoku Cloud. It is anticipated that there will be a test of the Double Top reversal pattern's bottom limit at 1.0780, followed by a drop to 1.0645. An further indicator that would validate the decline would be a rebound from the upper bound of the bearish channel. A breakthrough of the Cloud's upper limit, with the price securing above 1.0895 and pointing to a further advance to 1.0985, might invalidate the scenario.
Looking for short term buying opportunities in it.
EURUSD traders should focus on 1.0790, US inflation and FedEURUSD licks its wounds at the lowest level in six weeks as the pair traders await the US Consumer Price Index (CPI) for May and the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed). Also important are the final readings of Germany’s inflation data for May and speeches from a slew of European Central Bank (ECB) officials. In doing so, the Euro pair keeps the week-start fall beneath the 200-day Simple Moving Average (SMA) and a one-month-old ascending support line, a part of the short-term bullish triangle. Not only the downside break of the key SMA and rejection of the bullish chart pattern but the bearish MACD signals and an absence of the oversold RSI (14) also keep the pair sellers hopeful. The same highlights February’s low of around 1.0695 as immediate support to watch during the quote’s fresh downside. Following that, an upward-sloping trend line from October 2023 near 1.0650 will act as the final defense of the buyers. In a case where the pair remains bearish past 1.0650, it becomes vulnerable to refresh the yearly low, currently around the 1.0600 threshold.
On the contrary, softer US inflation and the Fed’s inability to convince the policy hawks despite avoiding the looming rate cut can trigger the EURUSD pair’s recovery. In that case, a convergence of the 200-SMA and support-turned-resistance line around 1.0790 will be in the spotlight. Should the Euro buyers manage to provide a daily closing beyond the 1.0790 hurdle, as well as cross the 1.0800 round figure, the 50% Fibonacci ratio of its July-October 2023 decline, around 1.0865, and then to a five-month-old descending resistance line, near 1.0915, can’t be ruled out. It should be observed, however, that the buyers will face heavy resistance past 1.0915 as the aforementioned triangle’s top line of 1.0920 will precede the 61.8% Fibonacci ratio near 1.0960 and an 11-month-old falling trend line surrounding 1.1010 to restrict the further upside.
Overall, EURUSD remains on the bear’s radar beneath 1.1010 while 1.0790 acts as an immediate key upside hurdle.
EURUSD: A 15 Min Entry AnalysisMARKET STATUS:
1. the 1 hour time frame has been bearish
2. the purple box is the box of 1 HR OB
3. The 15 min time frame price has been making a choch from bullish to bearish
4. Targeting the nearest liquidity zone as the first target keeping a small risk and a high reward with the 2nd targeted liquidity
EURUSD: A SHORT 1 HR ANALYSISMARKET STATUS:
1. the market has been making lower lows and lower highs
2. it is always advisable to follow the trend
3. so the market has currently made a pullback
4. it has entered a bearish ob and has been showing bearish nature
5. for safe entry confirm the trade with the 15 min time frame for choch to the downside and then enter the trade
6. Target the previous lows because those are the places with high liquidity and high chances of change in character can take place
EURUSD: THE DAILY ANALYSISRETAIL ANALYSIS WITHOUT SMC:
1. the market has been in a channel and had made a breakout indicating bullish nature
2. but the market has not made a higher high and it has actually made a double top just below a strong high where the bears were sitting
3. and the market has then broken below the neckline for the double top
4. now the market can either take liquidity from the bears as they would have taken entry at the break in neckline, trap them and then go long
"OR"
The market could have already trapped the bulls and aimed for bearish movement
NOW HOW DO WE FIND WHAT IS IT GOING TO FAVOUR:
use the 1 hour time frame which is the lower time frame and follow the trend there and look for change of character in that time frame to go long or else just continue with the bearish momentum until there is a change of character in the 1 hour
EURUSD - SHORTI opted to enter for short on this pair. Stop-loss orders have their place, and I trusted my eyes more than my heart.
Short Bias for the upcoming week.
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**First Scenario - Short:**
First Target: $1.0825
First Target: $1.0805
Entry: $1.0851
Stoploss: $1.0854
**Second Scenario - Long:**
Initial Target: $1.089
Entry: $1.0854
Stoploss: $1.0844
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Take into consideration:
Psychological Resistance at $1.086
Psychological Support at $1.08
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NFA
DYOR
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Good Luck!
⚠️ Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
Downtrend Continue in Weekly TF#EURUSD Looks Bearish after weekly long recovery and breakdown of buyer trendline , Also pattern shows continue rejection , have look through in order trade in smaller TF.
Feel Free give Suggestion in comment Section
EURUSD: MARKET ANALYSISCURRENT STATUS OF THE MARKET:
1) the 1 HR time frame price has made a change of character to the bearish from bullish will a large fvg. The price might be expected to continue the trend to the next lower liquidity lines given which can be set as the target when entering the trade
WHEN TO ENTER:
1) go into the 15 min time frame
2) when there is a pullback enter, with a very small stop loss
3) target the liquidity lines
EURUSD Prediction Bullish breakout 7 Jun 24EURUSD is one of the most traded Forex instruments with good volume activity.
If we look at the chart:
EURUSD has broken to the upside and can now give really good targets to 1.12 levels. EURUSD has broken the symmetrical triangle pattern to the upside. Also, it has received support from 200 EMA, which is a good sign of bullishness.
One can trade EURUSD with Risk: Reward::1:3 with the given setup.
All important levels are on the chart.
Verdict : Bullish
Plan of Action:
Buy: 1.09197
SL: 1.08146
Target: 1.11033, 12371
BUYidm line above 4h ob also possible
reverse on the pnit so wait for 15mins choch
and also liq sweep
EURUSD bulls need validation from 1.0920 and ECBEURUSD prints the first daily gains in three while approaching the top line of a two-month-old rising wedge bearish chart formation. Apart from the 1.0920 upside hurdle comprising the stated resistance line, the European Central Bank’s (ECB) widely expected rate cut also poses a challenge to the major currency pair’s further upside. Additionally, the sluggish MACD signals and unimpressive RSI line also raise bars for the buyers. Hence, the quote is likely to witness a pullback toward the weekly support line of around 1.0860 unless the ECB surprises the market, either with no rate cut or by providing hints of no more actions in the near term. In a case where the bears dominate past 1.0860, the 200-bar Exponential Moving Average (EMA) support of near 1.0815 could gain the spotlight. It’s worth mentioning that the Euro sellers will gain conviction if the pair confirms the rising wedge pattern by falling beneath the 1.0765 support, which in turn opens the door for a theoretical fall toward 1.0450.
Meanwhile, the ECB’s ability to convince the buyers, despite announcing the 0.25% cut to its benchmark rates, could help the EURUSD pair to cross the 1.0920 resistance. In that case, the quote’s run-up toward March’s peak surrounding 1.0980 and then to the 1.1000 threshold can’t be ruled out. However, the yearly high of near 1.1040 and the late 2023 top around 1.1140 will challenge the Euro pair’s upside past 1.1000.
To sum up, EURUSD braces for a post-ECB pullback while rising towards a short-term key resistance ahead of the event. However, the ECB’s hawkish halt might convince the buyers to return, which in turn requires traders to remain cautious before the outcome.
EURUSD Sell OpportunityThe EURUSD pair presents an enticing sell opportunity at the current price of 1.0840, with favorable potential for profit.
Targets:
Primary Target: 1.08400
Secondary Target: 1.07900
Breakout Scenario:
In the event of a breach above the resistance level of 1.09200, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.1100.
Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the Silver pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
EURUSD: MARKET ANALYSISQ) WHAT IS THE CURRENT STATUS OF THE MARKET AND PRICE:
1. The price has been making higher highs and higher lows in the 1HR time frame
2. All the higher highs and the break of structure has been done with long bullish fvg, indicating the presence of smart money
3. Now the market is taking a short term retracement, so wait and the take a long entry
Q) WHEN TO TAKE THE ENTRY ? HOW TO KNOW THE SHORT TERM LOW HAS BEEN FORMED?
1. Go into the 15 min time frame which is bearish as its been making lower lows
2. Wait for the price to make a Choch in the 15 min timeframe after which it will align with the 1 hour time frame bullish bias
3. then take a low risk high reward entry in the 15 min timeframe.
Q) WHAT IS THE TARGET?
1. Target the previous highs in the 1Hour timeframe as target 1,2,3 etc and take your profits accordingly based on Your risk capacity
Check the EURUSD symbolHello, welcome to your channel. An FTR setup has been formed on the EURUSD symbol, which is likely to support a lot. Good luck
