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U.S. DOLLAR / EURO REFERENCE RATE

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Low-Risk Opportunity in EUR/USD Near Key Supply ZoneMarket Overview: In the 1-hour timeframe, the FX:EURUSD pair has shown a Break of Structure (BOS) to the upside, indicating a potential bullish momentum. The price is currently approaching a significant H4 supply zone, which could act as a strong resistance area. Supply and Demand Analysis: H4 Zone (Supply): This zone represents a potential area where sellers might step in, leading to a price reversal. H1 Zone (Demand): This lower zone can act as a strong support area if the price retraces, offering a potential entry for buyers. Recommended Strategy: Given the current market structure, the least risky direction appears to be shorting from the H4 supply zone, as the price is more likely to encounter resistance here. Entry, Stop-Loss, and Take-Profit: Entry: Monitor the H4 supply zone for bearish confirmation before entering a short position. Stop-Loss (SL): Place above the H4 supply zone to protect against a false breakout. Take-Profit (TP): Target the H1 demand zone for a favorable risk-to-reward ratio. Recommendation: This setup suggests a good opportunity to short EUR/USD as it approaches the H4 supply zone. Traders should look for bearish price action signals in the supply zone to confirm the entry. Proper risk management is crucial, and adjusting the stop-loss to break even once the trade is in profit is advised. Happy trading!
Short
by JohnnyTranFx
2
M15 Structure has confirmed a downward trend, waiting to sell!Overall, we can see that the price has touched the H4 supply zone, with multiple reactions at this level. The M15 timeframe has just confirmed a potential price decrease. Our action is to wait for a selling opportunity at the M15 supply zone as shown in the image. Analysis based on supply and demand method: 1. Higher timeframe context: The chart shows a clear H4 supply zone at the top, which has been respected multiple times. This suggests strong selling pressure at higher levels. 2. Lower timeframe confirmation: The M15 timeframe has formed its own supply zone, aligning with the higher timeframe structure. This multi-timeframe confluence increases the probability of a successful trade. 3. Recent price action: The price has shown rejection from the H4 supply zone and has started to form bearish structures on the M15 timeframe. This indicates that sellers are gaining control. 4. Entry strategy: The plan to wait for a retest of the M15 supply zone before entering a short position is a prudent approach. It allows for a better risk-to-reward ratio and confirms the bearish momentum. 5. Potential targets: The chart shows multiple demand zones below the current price, which could act as potential profit-taking areas. These are marked as 1R, 2R, and 3R, offering increasingly favorable risk-to-reward ratios. 6. Risk management: A stop loss is placed above the M15 supply zone, which aligns with proper risk management principles in supply and demand trading. This analysis suggests a high-probability selling opportunity based on the alignment of supply zones across multiple timeframes and recent price action confirmation.
Short
by JohnnyTranFx
1
Technical Analysis for EURUSD on July 8 (Supply and Demand)Market Conditions: Daily, H4, and H1 timeframes are showing an uptrend. However, the M15 demand zone has been broken, and just above is the H4 supply zone. This indicates a potential counter-trend setup as shown in the chart. Exercise extreme caution as this is a counter-trend trade. The expected R:R ratio for this trade is 1:1 to ensure safety. Entry: Enter short positions after the price touches the H4 supply zone. Exit: Take profits at the H1 demand zone, ensuring a 1:1 ratio for safety. Recommendation: Monitor the price movements closely and be prepared for potential fluctuations, adjusting your strategy as necessary. Given that this is a counter-trend trade, it's important to manage risk carefully and consider taking partial profits along the way.
Short
by JohnnyTranFx
EURUSD bulls stay hopeful ahead of Fed Chair Powell’s TestimonyEURUSD remains well-set on the buyer’s radar, despite snapping a four-day uptrend, as markets await Federal Reserve (Fed) Chairman Jerome Powell’s bi-annual Testimony. That said, the upbeat RSI (14) line and the bullish MACD signals join the quote’s successful trading beyond a convergence of 100-SMA and 200-SMA to keep the buyers hopeful. However, a month-old horizontal resistance zone surrounding 1.0840-50 guards the Euro pair’s immediate upside. Following that, descending trend lines from early March and January, respectively near 1.0875 and 1.0895, quickly followed by the 1.0900 threshold, will precede the previous monthly top of 1.0916 to challenge the pair’s further advances. In a case where the pair remains firmer past 1.0916, the odds of witnessing a run-up toward the 1.1000 psychological magnet can’t be ruled out. Alternatively, the aforementioned key SMAs will join the 50% Fibonacci ratio of the EURUSD pair’s October-December 2023 upside to highlight 1.0800-1.0790 as the key support to watch during the quote’s fresh fall. Should the bears manage to conquer the stated support, the odds of witnessing a quick fall toward 1.0750 and the 61.8% Fibonacci retracement level of 1.0710 can’t be ruled out. However, an upward-sloping support line from late 2023, close to 1.0680 by the press time, appears a tough nut to crack for the Euro bears afterward. To sum up, the EURUSD remains in the upward trajectory despite the week-start pullback. Hence, Fed Chair Powell’s attempt to revive the US Dollar's strength, by providing hawkish clues and/or ruling out economic woes, needs to be taken with a pinch of salt.
by MTradingGlobal
Euro Declines Amid French Election UncertaintyThe euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections. The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced. The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined. Do you have any other predictions?
Short
by Henry_pro
1
EURUSD: A QUICK RECAP1hr time frame: the market has been making higher highs higher lows indicating that the market is bullish 15 min time frame: the market had made some liquidity traps in this time frame where the bears were trapped and the market had been going up using this liquidity But not I am expecting the market to make a proper correction in the 1 hour time frame But as you can see there was a large wick on friday which collected a lot of liquidity both on the downside and the upside. so lets see how the market reacts. I am still bullish
Long
by VitalismTraders
EURUSD - 8-12 July24 weekly plays 1. Monthly chart: #Is in consolidation phase - 2. Weekly chart - a. Volume Imb @1.07388 levels 3.next week major news events are only from wed night till friday Core CPI Data 8-12th July Scenario -1: a. If Monday Price pips up to weekly OB @1.08460 levels then we see retracement to Daily FVG.(63.3) pips play b. If that paly out then & the we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move. Scenario -2: a. If Monday Price pips up to weekly OB @1.08460 levels and head higher to the daily OB @ 1.08677 levels which would be just then 21.1 pips higher. b. then we turn bearish to see retracement to Daily FVG.(63.3) pips play & we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move. Fib Retracement levels also brings confluence to above scenarios
by SakhiKaDarQalandar
2
EUR/USD 4H Analysis: Key Liquidity Zones and Potential Reversal This EUR/USD 4-hour chart highlights critical liquidity zones and potential reversal points. The chart shows a break of structure (BoS-4h) and significant supply and demand zones (SU-4h and DE-4h). Key observations include: Price has reached a 4-hour supply zone (SU-4h) near 1.08500. Potential liquidity traps are identified above and below the current price level. A marked order block (OB D) suggests a possible reversal around 1.08550. Further liquidity zones are noted at higher levels (1.09000) and lower levels (1.06500, 1.06000), indicating possible targets for price action. Keep an eye on the upcoming price movements around these zones for potential trading opportunities. Contact me for more detailed analysis and updates.
Short
by Karnatrader
EURUSD SHORTFOREXCOM: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!!!!
Short
by Phinics
EURUSD bulls jostle with 200-SMA hurdle on US HolidayEURUSD struggles to keep the buyers on board early Thursday, after rising for four consecutive days, as market momentum dwindles during the US holiday. That said, the Euro pair jumped to a three-week high while rising the most in a week after the US statistics drowned Greenback the previous day. However, the cautious mood ahead of Friday’s key US employment report might have challenged the bulls of late, especially amid dicey markets. That said, the RSI’s pullback from the overbought region and receding bullish bias of the MACD joins the 200-SMA to limit the quote’s further upside past 1.0790-85. Even if the quote crosses the 1.0790 hurdle, the 1.0800 threshold and the 61.8% Fibonacci ratio of March-April fall, close to 1.0840, will prod the additional advances. Above all, a four-month-old descending resistance line, close to 1.0895, quickly followed by the 1.0900 round figure, will act as the final defense of the bears. Meanwhile, the EURUSD pair’s retreat appears elusive beyond the week-start peak of around 1.0776. Following that, the 100-SMA support of 1.0730 will be crucial to watch for the Euro bears. It’s worth noting, however, that an ascending support line from mid-April, close to 1.0680 by the press time, appears a tough nut to crack for the sellers, a break of which will make the pair vulnerable to slump toward the yearly low of 1.0600 marked in April. Overall, the EURUSD pair is likely to remain on the bull’s radar during a less active day. However, the quote’s upside room appears limited and hence highlights Friday’s key data/events.
by MTradingGlobal
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!!!!
Long
by Phinics
1
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.
Long
by FXBANkthe8055
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
Short
by VitalismTraders
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
by sreebhashyam
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
Long
by VitalismTraders
1
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.
Short
by Karnatrader