USDEUR trade ideas
EURUSD: Waiting anxiously!Hello dear friends!
Today, EUR/USD is trading in a tight range below 1.0950 in the morning of Monday in Europe, extending its sideways movement in the context of a stable US dollar and mild risk sentiment. Traders are cautious about placing new bets on the major currency ahead of the US CPI data release on Tuesday. This will be a significant news that will directly impact the new trend of short-term scalpers, whether it is an upward or downward movement!
On a personal note, RKarina expects this currency pair to experience a slight downward correction as the trend begins to move sideways and the upward momentum is limited. The support level at 1.087 is highly regarded in case it helps EURUSD regain momentum.
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: Keep moving forward!Hello everyone, it's RKarina here again! Let's discuss and devise a strategy for the new day!
The EUR/USD has gained momentum, pushing prices higher and creating an opportunity for a potential test of the psychological barrier at 1.1000. Increased selling pressure on the Greenback following the Non-Farm Payrolls report for February has provided this currency pair with additional upward potential.
Currently, the EUR/USD is facing resistance at 1.098, but technical indicators and prospects still lean towards an upward movement. The level of 1.0960 (the Fibonacci retracement level of 61.8% of the latest downward trend) is considered the first resistance level for EUR/USD before reaching 1.1000 (psychological level) and 1.1035.
EURUSD: POST MOVE ANALYSIS1 HR TF: the price has been making higher highs and higher lows with fvg which MEANS that the price is going to take buyside liquidity further ahead, so it is gonna hunt the buyside liquidity further so our trade has to be in the buyside.
15 MIN TF: the price has been making lower lows, which is a counter trend from the 1 HR perspective, here the liquidity will be taken and then the price will start moving up
the price took the london low with quite some liquidity and turned around to the upside, we can take the entry there and target the nearest buyside liquidity that is the london high
EURUSD: Retesting the breakout zoneRKarina is delighted to meet you all again, to discuss and strategize for today!
As expected, EUR/USD is testing its highest level in two months around 1.0950 during the Asian trading session on Friday. This currency pair gained ground on Thursday, supported by prospects of ECB movements and a weakening US Dollar following a dovish tone from Fed Chair Jerome Powell. The upcoming US NFP will be the focal point today, determining the moves for this currency pair.
In the short term: Today, we prioritize selling as this currency pair undergoes a corrective trend after a significant rally. The pullback level is expected to be around 0.5 - 0.618 Fibonacci retracement (coinciding with the previous peak level for testing purposes).
EURUSD Prediction for 01 MAR 24 upcoming weekEURUSD is one of the most traded Forex instruments with good volume activity.
If we look at the chart:
The market has been trading in the consolidation phase. Then it gave a breakout last week, 24th Feb. After that, the market has been in the range (1.07972 - 1.08576) bound situation.
Case 1: The market is going to be sideways unless it's broken to the upside.
Case 2: Once it breaks to the upside, it's going to give a nice bull trend till 1.09825 levels. it is showing a perfect entry level for a bullish position with Risk : Reward = 1:5
we can initiate a bullish position @1.08239
Reasons:
Bullish Hammer formation at the support shows the market's bullish structure.
Price ~ 200 EMA, which indicates the market is having an average price.
RSI = 45 shows a weak bull sign. The market is not going to have a bullish momentum unless the RSI is broken 60 to the upside.
Verdict: Bullish
Plan of Action:
Buy: 1.08238
SL: 1.07935
Target: 1.09835
EURUSD : POST MOVE ANALYSISthe 1 hour time frame: the price has been on an uptrend making higher highs and higher lows.
so it is good to enter on pullbacks. so the 15 min trap on the bear side will be created before the price starts moving towards the upside
15 min time frame: the price starts making a higher high from the 1 hour ob and that is the change of character and that is where the entry has to be, marking a 1:6 risk: reward move
EUR/USD: rises to 5-week highRKarina greets everyone!
Today, the EUR/USD is testing its highest bidding price since the end of January, quickly surpassing the 1.0900 level to touch 1.0915 before stabilizing slightly but still maintaining an upward trend since Wednesday. This currency pair is currently in a corrective wave, however, a successful close above the resistance level at 1.089 and receiving support from the 1.085 area has opened up more opportunities for price increases for this currency pair, with an immediate target of 1.093 after completing the trend correction.
EURUSD pullback appears imminent but bulls stay hopefulEURUSD bulls take a breather at a six-week high as a rising wedge challenges the quote’s further upside. Apart from the stated bearish chart formation’s top line, the overbought RSI (14) line and sluggish MACD signals also challenge the Euro pair’s further advances. As a result, a pullback toward the 38.2% Fibonacci retracement of the pair’s December 2023 to February 2024 downturn, close to 1.0865, appears imminent. However, a convergence of the 100-bar and 200-bar Exponential Moving Average (EMA), as well as the aforementioned wedge’s bottom line, around 1.0830, appears a tough nut to crack for the sellers. In a case where the quote drops below 1.0830, it confirms a bearish chart pattern suggesting a theoretical target of 1.0610. During the likely fall, the lows marked in late 2023 and in the previous month, respectively near 1.0725 and 1.0700, could offer a breathing space to the bears.
On the contrary, the EURUSD pair’s successful rejection of the rising wedge formation, by a clear upside break of the 1.0900 hurdle, could help it challenge the late January peak surrounding 1.0930. Following that, the 1.1000 psychological magnet and the yearly high of near 1.1040 and late 2023 top around 1.1140 will lure the Euro buyers.
Overall, the EURUSD pair is likely to witness a pullback amid a lack of more incentive for the bulls. That said, the bearish trend, however, remains off the table until the quote stays beyond 1.0830.
EURUSD: Defending the 1.0800 support levelHello comrades, today the EURUSD trading session kicked off with little changes. The currency pair is still gradually increasing and trading below the 1.0850 level in the Asian trading session on Monday. The US dollar is regaining its footing as it trades in the opposite direction in the Asian market, creating a sense of caution. Investors are still concerned about an important week ahead, focusing on the ECB's interest rate decision and Powell's testimony.
It is expected that this currency pair will continue to move sideways below the resistance level of 1.0856 before strong news impacts the trend as mentioned above. The support level of 1.080 continues to play a strong role for EURUSD during this time.
Wishing you all a successful and enjoyable trading week!
"EUR/USD Range Trading: Navigating Resistance Levels" Explore effective strategies for short-term trading on the EUR/USD currency pair as it approaches the upper boundary of its current trading range. Learn how to identify key resistance levels and implement tactical approaches to capitalize on potential market reversals or consolidation within the range. Gain insights into risk management techniques and entry/exit strategies tailored to this specific trading scenario, maximizing opportunities while minimizing exposure to market volatility.
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EURUSD: A NEUTRAL ANALYSISthe 1 hour time frame price action has been showing bullish signs currently, but not very bullish
and the price is near a liquidity area, the blue lines mark the liquidity areas, those are the areas
where there will be price reaction. so lets see how it goes. other than that the bias is bullish as the 1 hour price has made in change in character by breaking a short term high
EURUSD: Critical support level 1,080 remains strong!Hello everyone, let's discuss the new weekly strategy for EURUSD with RKarina!
Yesterday, EURUSD continued to maintain a fairly stable trading level around the psychological threshold of 1.080. The currency pair received support once again from the 1.080 level, as it bounced back after touching this threshold. It seems that the buyers are still making efforts to protect this support level and demonstrating their notable strength.
Currently, EURUSD has temporarily paused trading at 1.083 and is approaching a nearby resistance level. There is a high possibility of an increase in price as long as the 1.080 support level remains intact.