USDEUX trade ideas
EUR/USD: Stronger discounts continue!Hello dear friends! What do you think about the current trend of EURUSD?
Today, EURUSD continues to decline, seemingly trying to gather strength to bounce back as the US dollar strengthens for the third consecutive day.
Currently trading near the 1.0849 level, a quick look at the technical analysis chart shows that the downward momentum is still leading. As a result, breaking below the support level of 1.0871 has solidified the case for implementing a selling strategy.
I am watching the 1.0800 level as the next stop, especially if the support level of 1.085 continues to crumble. What about you? What is your prediction for this currency pair?
"EUR/USD: Assessing Downtrend Resistance for Potential ContinuatThe EUR/USD currency pair is currently navigating a downtrend, encountering resistance at a critical level. As market participants closely monitor this resistance zone, the focus shifts to the potential continuation of the prevailing downtrend. Traders are diligently assessing technical indicators and market dynamics to anticipate whether the EUR/USD pair will break through this resistance barrier, paving the way for further downside movement. Gain insights into the factors influencing EUR/USD's trend, analyze key support and resistance levels, and stay ahead of potential trading opportunities as the currency pair charts its course amidst evolving market conditions.
@johntradingwick
Update the latest EURUSD pair!EUR/USD has recovered after two consecutive days of losses, approaching the 1.0930 level in the Asian trading session on Tuesday. However, the pair faced resistance amidst cautious market sentiment ahead of the release of US Consumer Price Index (CPI) data.
Market expectations suggest that the US CPI will increase from the previous month in February, although the annual rate is forecasted to remain unchanged. A strong CPI report could dampen the prospects of an imminent interest rate cut by the Federal Reserve, potentially strengthening the US Dollar (USD) and posing a challenge for the EUR/USD pair.
EURUSDEURUSD demonstrates a bearish outlook with a confirmed breakout and retest of the ascending trend line, coupled with the formation of a double top pattern. This suggests a potential selling opportunity. Traders may consider short positions in anticipation of a downward movement in EURUSD, but it's essential to monitor price action for confirmation before executing trades.
EURUSD flirts with 1.0880-75 key support as Fed week beginsEURUSD remains pressured around 1.0890 early Monday, after posting the first weekly loss in four. In doing so, the Euro pair grinds near the 1.0880-75 support confluence comprising the 100-SMA and a five-week-old rising trend line amid the initial hours of the week comprising the key Federal Open Market Committee (FOMC) monetary policy meeting. It’s worth noting that an impending bull cross on the MACD and a below 30 level of RSI (14) suggest the pre-FOMC consolidation of the quote. However, the corrective bounce appears elusive unless buyers manage to cross a downward-sloping trend line from the monthly high, close to 1.0945 at the latest. Even so, the monthly top surrounding 1.0980 and the 1.1000 threshold will act as the final defense of the sellers.
Meanwhile, a downside break of the 1.0880-75 key support will allow the EURUSD bears to attack the 200-SMA level of 1.0830. Following that, the 1.0790-85 and the 1.0730 levels could test the sellers before directing the prices toward the yearly low marked in February near 1.0695. In a case where the Euro remains bearish past 1.0695, the May 2023 low of 1.0635 and March 2023 bottom surrounding 1.0515 will provide intermediate halts during a likely south-run targeting the previous yearly low of 1.0448.
Overall, the EURUSD pair stays on the bear’s radar even if the oscillators suggest consolidation ahead of the key FOMC.
EURUSDFX:EURUSD 1-weekly indecisive( it may collect sell side liq. and then go up let see waiting for my setup)
2-daily bearish
3-h1 coming to big support level
4-range b/w 1.09267 to 1.09186
entry-
1-ob +fvg+ssl
2- wait for lower time frame price reversals
3-then take entry
4- do not push to take trade
5-take only setup appears.
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: Stuck in the falling price channel!Hello dear friends, today the stable recovery of the US Dollar (USD) has exerted new downward pressure on EUR/USD, extending its decline for the third consecutive session and revisiting the support level near 1.0900.
The upward momentum is limited below the resistance level of 1.0935, as the current trend remains clearly bearish, indicated by the parallel channel on the chart. It is expected that this currency pair will continue to decrease further if it reaches the upper limit of the price channel as marked in the analysis. To find an opportunity for price increase, EUR/USD needs to break the current price channel. On the other hand, if unsuccessful, the next downward target for this currency pair will be at 1.090.