EURUSD MMSMLooking to short today's london session, we already have a clean turtle soup above highs now looking to short off the breaker targetting intermediate Lows and overall external lows
EURUSD_TOM trade ideas
Sideways Trading Amid Lack of TrendOn the 1-hour chart of EUR/USD, the price is trading between the 34 and 89 EMAs, indicating a sideways market in the short term. The lack of a strong uptrend or downtrend suggests that investors may be waiting for more data or news that could impact the euro or dollar.
From my technical analysis perspective, the market looks like it will continue to trade in the current range until there is more economic data or important political events to establish a clearer trend.
EUR/USD Analysis: Bearish Momentum ResumesEUR/USD is dominated by a long-term downtrend, with technical factors and market sentiment leaning towards the sellers. The possibility of the price breaking the 1.0430 support is not small, especially in the context that traders are waiting for clear signals from upcoming major economic events.
Investors need to closely follow the price movements at important technical zones to make appropriate decisions, as EUR/USD is approaching a pivotal moment of the trend.
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel.
Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area.
From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline.
Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
Gap Analysis and Gap Filling PotentialThe EUR/USD chart shows a gap, which occurs when the price jumps across a certain range without any trading taking place between the two prices. Currently, the price pattern suggests that there is a possibility of a gap filling, meaning that the price could move back to fill the gap in the near future.
This usually happens when the market reacts to a sudden and unsustainable price move. The gap filling is likely to occur if EUR/USD continues to decline and approaches the key support level at 1.0400, a point where many traders may use to re-price or place new buy orders. This is an important move to watch, as it could influence the short-term trend and momentum of the market.
EUR/USD Faces Strong Bearish Pressure: Is 1.0390 a Stop?The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong.
From a technical perspective, the next important support level could be at 1.0390, if the downtrend continues. It will be important to monitor whether EUR/USD can stabilize and recover at this level, or if it continues to decline. The recovery could be difficult as the short-term moving average (SMA) and the Bollinger Bands are still above the current price, forming strong resistance.
Overall, the current trend shows challenges for the euro, and I will continue to closely monitor the technical indicators to adjust my trading strategy accordingly
EURUSD Bullish Outlook for the Short TermJust like I mentioned DXY's short-term bearish outlook in my last post, I’m anticipating EURUSD to take a bullish stance.
Price made a failure swing retracement, clearing the old low and settling in a fair value gap on the Monthly chart. I’m looking for a stop-hunt expansion targeting buyside liquidity, as indicated on the chart.
Here, the old low serves as sellside liquidity for Market Makers to build long positions, and the FVG represents a fair value entry point.
These are just my thoughts on EURUSD - do your own analysis before acting.
EUR/USD: Bearish Pressure Continues, 1.0560 Is KeyEUR/USD on the 1-hour chart is currently showing signs of a slight recovery from the lows around 1.0520. However, the main trend is still tilted to the downside as the EMA 34 and EMA 89 continue to lie above the price, reflecting that selling pressure has not abated.
Personally, I think the bearish trend is still dominant and the 1.0560 area will be the deciding point whether the exchange rate can continue to recover or not. If it fails to overcome this resistance area, the possibility of EUR/USD continuing to fall to the 1.0520 area and even deeper is very high.
EUR/USD In Bear RaceThe EUR/USD chart is showing a clear bearish trend, with the price moving below both the 34 and 89 EMAs, indicating strong selling pressure. The 34 EMA has crossed the 89 EMA and is heading downwards, further reinforcing the bearish trend. The fact that the price continues to stay below these two EMAs is not a very optimistic sign for those who are expecting a recovery in the euro against the US dollar.
In the current scenario, the next important support point could be the 1.0400 area. If EUR/USD continues to decline and breaks this level, we could see a deeper decline, testing new lows. This requires traders to keep a close eye on the market developments and be ready to adjust their strategies to suit the current trend.
From a technical perspective, the current recovery appears to be just a technical recovery before the continuation of the downtrend. This increases the possibility of further declines, especially when there are no clear signs of a trend reversal. Investors need to carefully consider the risks and have a suitable capital management plan to avoid unnecessary losses in the current context.
EURUSD Under Pressure, Support at 1.05151 Awaits TestEURUSD is currently continuing its downward trend, dominated by the descending channel and EMA lines.
After bouncing off the strong support level of 1.05151, the price is now testing resistance at 1.05663 but remains under selling pressure as it stays below the EMA 34, confirming that the main trend has not changed.
Risk-off sentiment has driven capital into the USD, increasing pressure on EURUSD due to the greenback's strength. At the same time, positive CPI data supporting the British Pound has reduced the Euro's appeal, further intensifying downward pressure on the pair.
If the price fails to break above 1.05663, it is highly likely to retest the support at 1.05151 and potentially decline further.
EURUSD : Realization continues, risks increase!Dear traders,
EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution.
Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months.
From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout.
Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
EUR/USD: Bearish Trend Continues to PrevailEUR/USD is in a strong downtrend with momentum from both price action and technical indicators. The sellers continue to control the market and the main target is still the $1.0449 area, followed by $1.0300. Traders need to monitor price action at support/resistance zones to find suitable entry points and manage risk carefully.
EURUSD Recovery: Challenging the 1.0946 Resistance
EURUSD is currently in a mild recovery phase, trading around 1.0582 after hitting a recent low at 1.05140—a significant support zone. While the recovery is underway, the EMA 34 and EMA 89 above the current price act as dynamic resistance, limiting upward momentum.
The nearest resistance at 1.0946 is a key target, but failure to break above this level may see EURUSD revisiting the support zone at 1.0514 or even dropping further.
The USD remains strong due to expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to undermine the EUR's position. Traders should closely monitor economic reports from both the US and Europe this week, especially inflation data, as these will play a critical role in determining the pair's next direction.
Recovery or Further Decline?The price zone of 1.06575 - 1.07100 (Fibonacci level 50%-61.8%) acts as strong resistance. This is also the area where the sellers are likely to increase pressure.
Price action scenario:
Currently, the price is in a recovery phase near the above resistance zone.
If the sellers defend the 1.06575 zone well, the price will likely continue to decline sharply.
Important support zone:
The nearest support is at 1.04876, which coincides with the old bottom.
If the price breaks this support, the next target will be the 1.02127 zone (Fibonacci extension level 1.618).
Personal opinion:
Wait for the price to return to the resistance zone of 1.06575 - 1.07100, look for a reversal signal here to enter a sell order.
First target is 1.04876, further target at 1.02127. Stop loss above 1.07200 to avoid resistance break.
EURUSD_15MEURUSD_15M BULLISH
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Recovery Trap or Breakout Opportunity?On the EUR/USD 4-hour chart, the bearish bias remains dominant. The pair is attempting to recover from the recent low at 1.0540, however, the important resistance zone around the 34-EMA (1.0600) is holding back the upside momentum.
If EUR/USD fails to overcome the resistance zone of 1.0600 - 1.0620 in the coming sessions, selling pressure will return strongly, pushing the price towards the support zone of 1.0550 and even 1.0500.
On the contrary, a clear breakout above 1.0620 could open the door to a test of the 1.0650 zone, however, the upside outlook remains challenging amid the long-term downtrend.
Trading Strategy:
Short: When price fails to break above 1.0600, place a sell order with target at 1.0550 and further at 1.0500.
Long: Consider buying if price breaks above 1.0620 with high volume, target at 1.0650.
EURUSD: Consolidation Under Strong USD PressureEURUSD is currently in a consolidation phase, trading around 1.0555, with a descending triangle pattern dominating the short-term trend. The EMA 34 and EMA 89 lines above the current price act as dynamic resistance levels, increasing selling pressure.
The critical support level at 1.0523 has been tested multiple times and remains a key threshold preventing a deeper decline. Meanwhile, the nearest resistance level is at 1.0570, and if the price breaks above this level, EURUSD could experience a short-term recovery targeting higher levels.
However, if the descending trendline is not breached, the price may revisit the support area at 1.0523. The overall trend remains pressured by a strong USD, driven by expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to weigh on the EUR.
Investors should closely monitor U.S. economic reports this week, particularly employment data and Fed statements, as these will be key factors in determining the next direction for this currency pair.
EURUSD continues to extend sharp decline from 1.0600Dear Traders... Let's discuss and strategize with Samson today!
Overall, after updating the low around 1.0497, the price recovered around 0.08% on the day.
However, EUR/USD remained on the defensive near 1.0550 during the European session on Monday. The pair remained weak as geopolitical risks between Russia and Ukraine resurfaced although the US Dollar limited its gains. The divergent policy outlook of the ECB-Fed also weighed on the pair ahead of the central bank talks.
Today, there will be no high-impact data that could influence the action of EUR/USD. Therefore, market participants will pay close attention to comments from central bank officials.
Technically, price resistance at 1.0550 - 1.0660 and resistance at 1.0663 should be watched. A false breakout and consolidation below these areas could trigger a decline.
Currently, Euro is hinting that the pullback could be a bit longer. MMs are likely to look for liquidity (above these levels) ahead of the news. A false breakout could trigger sellers to act, which would only add to the selling pressure.
However, a mild recovery from 1.0550 and back to 1.0497 would increase the likelihood of a breakdown and decline.
Price compression signals a strong trendCurrently, EUR/USD is trading around 1.0540, in a clear price compression zone. The 34 and 89 EMAs still show that the downtrend is dominant. The price remaining below these EMAs further reinforces the selling pressure in the market.
Technical analysis:
Nearby resistance: 1.0560 - the 34 EMA zone, where the price may face strong selling pressure if approached.
Nearby support: 1.0520 - this is an important support level, if broken, it will trigger a stronger downtrend.
Price pattern: The price is forming a symmetrical triangle structure, suggesting a possible breakout in the near future.
Personal view:
I see the market waiting for a decisive breakout. If it breaks below 1.0520, the next downside target will be 1.0480. Conversely, if the price breaks above 1.0560, it is likely to test 1.0600. However, with the downward pressure from the strong USD, I am leaning towards the bearish scenario.
Trading Strategy:
Sell: On a break below 1.0520, target 1.0480.
Buy: On a break above 1.0560, target 1.0600.
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.
EUR/USD TRADE STEPUP :-Today Euro made it 4 months $1.04958 and also November 2023 euro made its low $ 1.04477 after multiple times tested this level.today euro made daily time frame on insider candle .if euro breaks yesterday high than much possibly euro can drive up side move to $1.06824 levels.
stay tuned with me for more updates:-
EUR/USD - Cross currency Pair at support lineEUR - USD currency pair respecting trendline since Janaury 2023 and price came to that suport line now and today it forming good green candle. I took paper trade in this because of LEAP competition. We can expect price might go up until 1.068 in short term.
EURUSD is reversing its trend from its BU-OBEURUSD has taken support from its buying order block(1.05016-1.05213) and has broken its structure at the level of 1.05422 i have entered a long trade from the level of structure change and i have kept my stop loss below the level of 1.04940 once it closes above the levels of 1.05938 and 1.06546 it will change its character and will target the levels of 1.07288 and 1.08258 and if it shows strong bullish character it can chase to levels of 1.09379
