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U.S. DOLLAR / EURO REFERENCE RATE

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EURUSDEUR/USD 30-Minute Analysis: Breakout and Bullish Continuation Chart Overview: This EUR/USD 30-minute chart analysis identifies a breakout from a downtrend and highlights a potential bullish continuation setup. The chart includes key support and resistance levels and projects possible price action. Key Points: Trend Analysis: The chart initially shows a downtrend marked by a descending trendline. However, recent price action indicates a breakout above this trendline, suggesting a potential shift to bullish momentum. Support and Resistance Levels: Support: A significant support zone is highlighted around the 1.06950 level, shown with a grey shaded box. This area previously acted as resistance and is expected to provide support after the breakout. Resistance: The resistance level to watch is around 1.07450, as indicated by the projected price path. Bullish Breakout Signal: The price has broken above the descending trendline, which suggests that the bearish pressure is easing and a bullish trend may be emerging. The recent consolidation around the support zone further strengthens the case for a bullish continuation. Potential Price Path: The analysis suggests a pullback towards the support zone around 1.06950, followed by a bullish continuation towards the resistance level around 1.07450. The projected price path is indicated by the upward arrow, showing the expected move after the pullback. Market Sentiment: The sentiment is bullish given the breakout above the descending trendline and the support holding. Traders should watch for confirmation of the bullish continuation with higher lows (HL) and higher highs (HH). Trading Plan: Look for buying opportunities on pullbacks towards the support zone around 1.06950. Consider placing stop-losses just below the support level to manage risk. Target the resistance level around 1.07450 for potential take-profits. This analysis suggests a potential bullish continuation for EUR/USD, with a buying opportunity on pullbacks towards the support zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Long
by harshkjogadia
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.
Short
by okako_trading
EURUSD: In French, Merci!All that Glitters is not Gold. DXY is the one to watch as it approaches 106.00 One more failure of it? may be. What if it breaks and moves past 106.00 The cue and clue is Euro. A potential H n S, shake it to believe it? If that neck- is offered as the line of break. We can take solace in French by Merci, thank you. Welcome to the world of Par (1.0000) Not the probable, but not out of the canvass. 1.0670 supports short term while 1.0720 offers. Only a close below 1.0760 above offers hope, bring me some who sees that as a possibility
by sreebhashyam
EURUSD strategy: Should Buy or Sell !On Wednesday, EUR/USD experienced an uptick as the U.S. markets took a mid-week holiday break. As we move into the second half of the trading week, investors are looking ahead to the Friday PMI data for meaningful insights that could steer market sentiment. Despite the recent recovery, uncertainty lingers. The pair is still facing significant resistance and a downward trendline. Keep an eye on these levels – if EUR/USD breaks through the resistance, a buying opportunity could emerge. Conversely, if the resistance holds, selling might be the better strategy. Stay tuned and watch those key levels closely!
by HamedMarkets
EURUSD: Still discounted!Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071, struggling to find upward momentum. Bearish Wedge Pattern: The pair is confined within a narrowing wedge, indicating potential for further downward movement. EMA Indicators: Both the 34-day EMA and 89-day EMA are aligning with the bearish trend, providing additional resistance to any bullish attempts. Trading Outlook: With the prevailing bearish sentiment and technical indicators supporting the sellers, the focus remains on short positions. Stay vigilant and consider these factors in your trading strategy. Happy tradi
by HamedMarkets
1
EURUSD fades bounce off key support line as full markets returnEURUSD lacks clear directions early Thursday after rising in the last three consecutive days. In doing so, the Euro pair fades Friday’s rebound from an upward-sloping support line stretched from October as sentiment dwindles amid the return of full markets after the previous day’s Juneteenth holiday in the US. Apart from the struggle to defend the recovery, bearish MACD signals and a downbeat RSI line also challenge the buyers. Apart from that, a fortnight-old descending resistance line surrounding 1.0765 and a convergence of the 100-day and 200-day Exponential Moving Average (EMA), near the 1.0800 threshold, stand tall to restrict the quote’s upside moves. In a case where the major currency pair remains firmer past 1.0800, the odds of witnessing a quick run-up toward the monthly high of 1.0916 can’t be ruled out. Alternatively, EURUSD sellers aim for the 61.8% Fibonacci retracement of the October-December 2023 run-up, close to 1.0710, as an immediate target ahead of revisiting the aforementioned multi-month-old support trend line surrounding 1.0670. It’s worth noting that the monthly low of around 1.0665 acts as an additional downside filter for the Euro before directing it to the yearly low of 1.0600 marked in April. Additionally, the 78.6% Fibonacci ratio of 1.0595 acts as the final defense of the buyers ahead of allowing the bears to challenge the late 2023 bottom of near 1.0450. Overall, EURUSD remains on the bear’s radar unless crossing 1.0800. However, downside room for the pair appears limited.
by MTradingGlobal
EURUSD Short Selling strategy?Hello everyone! What is your opinion? In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well with the Elliott Wave structure. It looks like EURUSD is ending Wave 1 and I predict that the next waves will play out as analyzed, potentially breaking below the 1.061 support level. What do you think about EURUSD? Please leave a comment below so we can discuss! Good luck with your trading!
Short
by HamedMarkets
EURUSD: A RISKY SHORT1. in the 1 hour time frame the market had been making lower lows and lower highs with heavy imbalances indicating the presence of large institutions, banks and smart money 2. The 15 min time frame has also shown a change of character near the 1 hour order block, thus the short entry 3. But it is risky because there is more FVGs above the orderblock where we have entered so the market might go up to fill them and then go down from an extreme OB Knowledge is Wealth! Here We provide value in the form of education and knowledge!
Short
by VitalismTraders
EURUSDEUR/USD 4-Hour Analysis: Potential Bearish Continuation Chart Overview: This EUR/USD 4-hour chart analysis indicates a potential bearish continuation following a recent break of significant support levels and trend lines. Key Points: 1. Resistance and Support Levels: - Resistance: A strong resistance level is identified around 1.08520, highlighted with a red shaded area, where price has previously reversed. - Support: The 0.61% Fibonacci retracement level around 1.08012 serves as a crucial support level. 2. Trend Analysis: - The pair initially showed an upward trend, but recent price action has broken below a key ascending trend line, indicating a shift to bearish momentum. 3. Fibonacci Retracement: - The 0.61% Fibonacci level (1.08012) is marked as a significant retracement point. This level is often watched by traders for potential reversal or continuation. 4. Price Projection: - The expected price path is a retracement back to the 0.61% Fibonacci level before continuing the downward movement. This is illustrated by the projected zigzag pattern. 5. Risk/Reward Setup: - The analysis includes a potential short trade setup with the green shaded area representing the target zone and the red shaded area indicating the stop-loss zone. This setup suggests a favorable risk/reward ratio. 6. Market Sentiment: - Overall sentiment is bearish, with the price action showing strong downward momentum after breaking the support and trend line. Trading Plan: - Look for shorting opportunities at the resistance zone around 1.08012. - Place stop-losses just above the red shaded area to manage risk. - Target the support zones below the current price action for potential take-profits. This analysis suggests caution and patience for traders, waiting for the price to reach key levels before entering trades. As always, ensure proper risk management and consider external economic factors that may influence price movements.
Short
by harshkjogadia