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Eur-usd

EURUSD Buy the next 4H MA100 pull-back. Target 1.1400EURUSD gave us last week a very successful buy signal (see chart below) after the 4H Double Bottom: Our long-term Target of 1.11350 has been hit and now we look at the next most efficient level to buy as this is an extension of the long-term Channel Up pattern to form the technical Higher High. As you can see on this chart, this bullish wave resembles those of March 15 - April 30 and November 11 - December 30. The most optimal buy entry after those broke upwards, was as close to the 4H MA100 as possible. Now that the price closed last week above the 1W MA200, every pull-back on the 1D scale is a buy opportunity but sound risk management should be applied. Our Target for August is 1.14000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURUSD 16th July EURUSD as discussed in our other pairs this week we have seen a bearish shift down, now with this pair we did not trade the last sell range but we are looking for a break down to provide us with the confirm of bearish price action iam looking for the low to be targeted to lead us into said bias. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
EURUSD: First time over the 1W MA200 since November 2021EURUSD crossed today over the 1W MA200 for the first time since November 8th 2021. This more than 1.5 year wait comes as an incredibly strong long term bullish signal if the 1W candle closes over the 1W MA200. If it does, we will buy and target the R1 (TP1 = 1.13900) and R2 (TP2 = 1.15000). If it doesn't, then expect a rejection as this is the top also for the Channel Up and the 1D timeframe is already overbought (RSI = 73.402, MACD = 0.006, ADX = 28.802). The RSI in particular is at the top of its Rectangle pattern which matches the price's Channel Up. Consequently if the candle closes under the 1W MA200, we will sell and target the 1D MA50 (TP = 1.09500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
6
EUR / USD - IS THE UPWARD FLIGHT COMING TO AN END?My analysis today deals with how the further course of our popular currency pair "EUR / USD" could look. > The technical analysis and selected indicators, confirm the thesis of an imminent correction. = Why this is so, that I explain after the introduction. The DXY / USD has a non-negligible impact on EUR /USD, as the whole economy depends on its behavior. > Meanwhile, this seems to take run-up, for a final upswing, which could bring the precious metal under massive selling pressure. > Regardless of these selling pressures coming from the USD, SILVER has been somewhat caught at a very strong resistance, which foreshadows a falling price. In the following, the analysis goes into detail, so that the significant levels and areas are known to you. For this purpose, I have performed a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month & week) and thus makes the big picture visible. Normally all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, that means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT, I have explained in detail in the following pages. Table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "EUR/USD" formed a top at - 1.235 - in January|2011, a strong sell-off has been unleashed after a retest of the level. > This sell-off completed in September|2021 and formed our current bottom. > That the pair was in a "Symmetrical Triangle", many seem to forget at the moment, which is why I hereby again explicitly refer to it (marked in purple in the picture.). > The breakout of the triangle was the reason for the strong sell-off and is just challenged by the price again. > In recent weeks, we have seen a very strong upward movement, which I believe could be on the verge of a correction. = We are at the lower resistance line of the previously mentioned "symmetrical triangle" which played a major role from 2017 to 2022 |. = Significant FIBONACCI levels and SUPPLY zones, are located in the zone and thus represent a magnet for institutional investors. = This means translated that the price can bounce off the "Symmetrical Triangle". However, it cannot be ruled out that the institutional investors, will take the liquidity located at the "magnet levels." = To get some clarity, we must wait for the reaction of the DXY, which will decide the following course of the EUR and the economy. = The "DAILY" - MACD + RSI - both show divergences, which further strengthens the correction thesis. > This divergence is seen in many other pairs trading against the USD, which further supports the thesis of a sell-off. > Once you look at the DXY (USD index) on the higher timeframes, the further sell-off in the traditional markets becomes even more likely. (My DXY analysis is linked below this post, for confirmation purposes). SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. (This also refers to Fibonacci levels.) 1st MONTH – Time frame SUMMARY The trend channel shown in the chart, in turquoise, was formed since 1978 and since then it was able to maintain itself as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market. > The price is outside and had given up in 2018 after unsuccessful attempts to recapture the channel, initiating the MAKRO sell-off. The earth colored trend lines drawn, formed in 2003 + 2008 and served as support or resistance since then. > Price is running into the resistance line (2008) and may be facing the next major task with it. The in the chart, drawn in purple - "Symmetrical Triangle", formed since 2017 and directed the price since then. > The price broke through the triangle in April | 2022 and is currently demanding recovery. The red colored trend line formed in 1992 and represents an inconspicuous but relevant level. > If you look at the past of this trendline, you can see quite quickly what strong influence it played. When we go into more detail about the "SUPPLY & DEMAND" zones, you can look at the "DEMAND" + "SUPPLY" zones I highlighted on the chart. > D|1 - Zone | STRONG = followed a strong move + bounced off lower support line. > D|2 - Zone | VERY STRONG = followed extremely - Strong move + origin 2001. > D|3 - Zone | VERY STRONG = followed extreme - Strong move + origin 2001 + quarterly zone > S|1 - Zone | WEAK = occurred during sell-off, not the trigger. > S|2 - Zone | STRONG = followed a strong move + prominent FIB level + symmetrical triangle + quarterly zone > S|3 - Zone | STRONG = followed a strong move + prominent FIB level + symmetrical triangle + quarterly zone > S|4 - Zone | VERY STRONG = followed extremely - strong + macro FIB level Fibonacci retracements should serve us as additional confirmation, and have been considered in past movements (last decades). > FIB 1 | will serve as the strongest resistance should the price attempt another run up. > FIB level > FIB 2 | are the possible resistance targets, which would be feasible in case of a successful breakout of the "Symmetrical Triangle". > In combination with the 0.328 FIB from the MACRO FIB Level a very strong resistance. > FIB 3 | are the next correction targets, which become relevant in case of a direct sell-off (immediately after this analysis). > FIB 4 | is a strong MACRO support level (0.88), for a further sell-off. Past highs and lows usually serve as resistance/support, one of which we have. > HIGHER HIGH Some levels of interest are in front of us, which in the last months + years, played a strong role for the market. > The currently most relevant - POI (1.145 USD) - represents an important mark already since the year 1980 and thus takes a currently very strong resistance role. > The other POIs are by no means negligible and will play a role in the price development in the coming days, weeks and months. (Therefore, take your time and transfer the ones that are relevant for you into your chart). CHARTS Overall picture Overall picture without POIs + MSBs ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY The monthly "SUPPLY & DEMAND" zones are joined by others from the weekly view that coincide with other resistance / support elements. > D|1 - Zone | WEAK = is a Rally-Base-Rally Zone, but additional resistance support by MSB (2020) + Trend line (Red) > D|2 - Zone | STRONG = followed a strong move + prominent FIB levels > S|1 - Zone | STRONG = followed a strong move + prominent FIB level + MACRO FIB + trend line resistance (earth colors) > S|2 - Zone | VERY STRONG = followed extremely - strong + macro FIB level + "symmetrical triangle" resistance line *** In addition, no further addition is needed, as the levels from the monthly level also cover the weekly perspective. THIRD PART CONCLUSION "And all without need - the euro is the EU's death." If necessary, this saying refers to the fact that the EURO was never intended to be a permanent currency, but only a transitional one. What this could mean on the future course of the exchange rate, everyone should think about. In summary, it can be said that based on the technical analysis, there are strong reasons for a long-term - falling EURO rate. > Since the price top in Jan|2021 - the quarterly candles were dominated by bearish and the current movement looks more like a rebound. > A possible breakout of resistance elements is possible, but should meet strongest resistance at 1.131 - at the latest. (I have marked this "death zone" with a "purple" area in the cover image). > The divergences in the daily RSI + MACD, suggest a bearish sell-off. For this reason, I assume a weak EURO exchange rate and a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT . If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading! ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
Short
by ZielIstDieAutarkie
12
🔥 ALTERNATIVE: EURUSD 🔥 SWING TRADE 🔥TP3 @ 1.0966 TP2 @ 1.0855 TP1 @ 1.0790 BSO @ 1.0691 📈 SL @ 1.0630 🚫 ⚠️For those of you who'd like to enter a longer term position than our previous Day Trade version of this trade then the above coordinates are for you. We have observed that placing a tight Stop Loss (SL) would have resulted in being Stopped-Out. However, knowing we have the BIG PICTURE trend to the upside, I decided to manage the trade and "ride the wave" (i.e., hold it in drawdown) at least to our Minor Support Level @ ~1.0638, As of now, we have gained +30 pips. Price Action suggests a probability of a pull back (PB) down to the Daily Open @ 1.0688. Therefore, we will not be placing a Manual SL until after it PB. For now, we believe placing a SL below Support is the best bet. It is important to note that managing trades can result in better outcomes than relying solely on a tight SL. Additionally, considering Price Action and Support levels can aid in making informed decisions regarding SL placement. We recommend placing a SL below Support for this particular trade. I pray you're Profiting with Professor
Long
by ProfessorCEWard
1