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EURUSD, Ascending-Channel, High-Likelihood Bear-Flag!!Hello, Welcome to this analysis about EURUSD and the 4-hour timeframe perspectives. The global determinations for EURUSD have already shown a mainly bearish development and now when looking at the more local frames as the 4-hour chart I discovered a decisive formation forming that should not be kept from the desk here. Therefore, when looking at my chart we can watch there how EURUSD is now about to form this major ascending-channel that is likely to complete as a bear-flag especially as the rejection from this main descending-resistance-line was the precarious origin of this bearish move to the downside which has now a high likelihood to continue. In this case, when EURUSD closes below the lower boundary of the bear-flag this will be the origin for the further continuations and EURUSD will move on to approach the lower zones especially the lower target-zone within the 1.145 level marked in blue. Once this zone has been reached it has to be elevated how EURUSD approaches into there and if there comes a possible reversal or EURUSD just sets up for the further bearish continuations. As there are some good supports given a reversal in the structure can be considered. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8
EUR/USD -14/9/2023-• All technical indicators are pointing to a bearish picture for the Euro • First, the price broke below an ascending channel since January • Second, the series of higher lows is being questioned as we are trading at the previous swing low at 1.0630 and bulls really need to defend that level to gain traction • Third, the price is trading below the 200 MA for more than a week without even testing that level back • The 2021-2022 1.5 year long down trend was followed by almost a yearly rally which stopped very close to the 61.8% level of that decline, which questions whether the yearly rally that we have seen recently is a major bullish trend or just a correction for the previous major bearish trend • The level 1.0630 is critical in this scenario and if bears successfully break below it, next support will be 1.05 followed by 1.0220 • Today's dovish ECB statement and Lagarde speech supports the bearish picture as the Euro area growth is slowing and forecasts for the coming months and year remain tilted to the downside
by RamziAbouAbdallah-CMT
EURUSD, All Targets Have Been Reached Rightly, Next Steps Ahead!Hello Traders Investors And Community, welcome to this update-analysis about the recent price-action, the current formation and where we can sustain further with EURUSD. The targets which I mentioned in analysis about the breakout and confirmation of EURUSD all have been reached right now, the best way to trade this setup was with the conservative approach after the upper boundary of the triangle confirmed. Both targets, the short-term and the middle-term-targets have been reached, if you did not see this analysis already I highly recommend it when going to the EURUSD section on my account. At the moment I discovered some enthralling signs which will determine the further outcome profoundly, therefore we are looking at the 4-hour timeframe. The direction and breakout described in EURUSD (4-hour timeframe): As we have reached the middle-term-target this is also an important resistance at the moment, because of this fact we get the loading bearish pressure that EURUSD currently shows in this area, therefore we can expect some more bearish downside the next time as long as EURUSD stabilizes at support or falls more. The next significant support in the next structure is the once been resistance which is now support at the 1.1 level, it is also coherently the short-term-target which I encountered and was reached in the overall uptrend. Therefore this zone is building a coherent bullish support-cluster together with the 800-EMA you can see in orange, adding these all together we have some good increasing likelihood for a bounce in this area. Overall the current major uptrend isn't at its peak with the given information therefore there is still some room to move higher, this however needs to be confirmed properly. At first we need to see a stabilization in price at the support and after that a clear cross of the 1.114 level to move higher, when this happens and we do not get more bearish pressure action which will move the price to the ground, the target which you see in my chart at 1.126 will be activated with a high possibility given. A clear break of the current resistance can be traded with a conservative entry, the more aggressive approach will be to enter a position when EURUSD touched in the support-cluster, traders should decide according to own risk-preferences. Thanks for watching everybody, support for more market insight, you can also add in my social media, good day everybody, and all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8
EURUSD, Major Head-Shoulder-Formation, Completion Incoming!Hello Traders Investors And Community, Welcome to this analysis about EURUSD, we are looking at the weekly timeframe perspectives. The pair recently already showed up with initial bearish volatility on the local perspective that should not be underestimated. Besides that as I discovered now EURUSD on the more global weekly timeframe perspectives has established this major head-and-shoulder-formation with the left shoulder and the head already completed, the volume also matched so far with the left shoulder setting up the volume while the top of the head did not reach the volume formed in the left shoulder followed by increased volatility with also increased volume to move on with the right shoulder in the structure. Taking these factors into consideration and with the fact that EURUSD is now also below the 20-EMA marked in red in the structure, the head-and-shoulder-formation is likely to complete within the next times with the right shoulder and the breakout below the neckline. This will be the confirmational setup finally completing the formation and activating lower downside targets within the 1.308 to 1.372 level. When EURUSD reaches these levels it has to be shown if it manages a stabilization from there or continues further bearishly. For now, the bearish perspective should not be kept by side as the head-shoulder-formation has a high possibility to complete within the next times, it will be an important development. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "The key to success is to focus on goals, not obstacles." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
19
EURUSD...DT (2D)⚠️ TREND — Momentum: Big Picture Uptrend — Price Action: Downtrend Retracement — CounterTrend: YES (moderate risk trade) TEHNICAL ANALYSIS —The price is currently trading below the 50-day moving average (MA), which is a bearish signal. —The MACD indicator is also bearish, with the MACD line below the signal line. —The RSI indicator is neutral, with a reading of 50. FUNDAMENTAL ANALYSIS Bullish Factors — The European Central Bank (ECB) is expected to keep interest rates low, which will make the euro more attractive to investors. — The eurozone economy is expected to grow at a faster pace than the US economy in the coming quarters. — The eurozone is a net exporter of goods and services, which will benefit from the stronger global economy. Bearish Factors — The US dollar is strengthening against most other currencies, which could weigh on the euro. — The US economy is expected to grow at a faster pace than the eurozone economy in the coming quarters. — The US Federal Reserve is expected to raise interest rates more aggressively than the ECB, which could make the dollar more attractive to investors.
Short
by ProfessorCEWard
EURUSD Fell 15.40% After the Last U.S. Credit DowngradeIf you haven`t sorted EURUSD at the beginning of the Russia - Ukraine war: The rend continuation: Or the Double Top Chart Pattern: Then you need to know that on Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing "a steady deterioration in standards of governance." This downgrade occurred following last-minute negotiations among lawmakers to reach a debt ceiling deal earlier this year, putting the nation at risk of its first default. In the wake of a similar credit downgrade in the past, the EURUSD pair experienced a significant decline of 15.40% within one year. Standard & Poor's, one of the three major credit rating firms, downgraded U.S. debt on Aug. 5, 2011, after another major debt ceiling battle. Currently, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022. Although a 15.40% decline for the EURUSD pair may not be likely, it's worth mentioning that the target for EURUSD would be 0.924 if such a worst case scenario were to unfold. Looking forward to read your opinion about it.
Short
by TopgOptions
EURUSD: Still seeing some strength hereEven writing this I’m thinking it could be a crazy idea with USD strength in play, but let’s see... I think we’ll see some early weakness from the USD before a momentum shift that will see DXY reverse up (maybe by end of the week). I think the EURO is still looking strong, bouncing back from the falling following the ECB rate hike pause. ECB are hawkish around further hikes and USD CPI numbers this week may indicate a pause is coming from the FED, this idea may have played out by then. I’ll be tightening my SL at 13.30 GMT this Thursday. So for now looking to go long provided we breakout and retest the falling trendline on the daily from the 1.275 high. We’ve been in a strong uptrend for months and I think the moves in the next few weeks could start to show reversal back down, but for now we still have higher highs and higher lows, support held nicely last week and had confluence to not break the 100 and 200 EMA on the daily, so I'm still bullish with this one for now. I’ll hopefully be tp’ing around 1.124 to see if we get a double top or continuation up, which would bring the 1.14 centre line of the rising channel quickly into play (which could well happen if the US CPI is better / lower than expectation).
Long
by Finchcliffe
🔥🔥🔥 NEW: EURUSD (15m) 🔥🔥🔥Choose your TP based on your favorite trading strategy or time frame: 💶 EURUSD (pip movement per strategy): STRATEGY PIP MOVEMENT Scalping 10-20 pips Intraday 20-40 pips Swing 40-80 pips Position 80-120 pips TIME FRAME AVERAGE ATR 1 day 20 pips 4 hours 10 pips 1 hour 5 pips 15 minutes 3 pips 5 minutes 2 pips ⚠️ TREND — Momentum: Big Picture Uptrend — Price Action: Uptrend — CounterTrend: No (conservative risk trade)
Long
by ProfessorCEWard
✨ MODIFICATION: EURUSD ✨ THE BIG PICTURE (5D)TECHNICAL ANALYSIS: TP5 @ 1.2115 (closing ALL Buy Orders) TP4 @ 1.17850 (shaving 25%) TP3 @ 1.1250 (shaving 25%) TP2 @ 1.1100 (shaving 25%) TP1 @ 1.0933 (shaving 25%) BLO1 @ 1.0820 ⏳ BLO2 @ 1.0800 ⏳ VIDEO TIMESTAMP: 00:00 ECB News 02:53 Where Do We Go From Here? 03:32 A Noisy Intermediate Time Frame (4H) 04:55 Key Support/Resistance Levels (4H) 06:01 Institutional Buying Targets 06:42 Safe Haven Currencies 05:52 Interest Rates and Safe Haven Currencies 08:47 Position Sizing with R:R @ 1:1 10:20 Best Buying Opportunities ⭐ 11:04 The BIG PICTURE Analysis ⭐ 13:28 BIG PICTURE Anticipatory Trend 16:31 Boost, Follow, Comment, Join FUNDAMENTAL ANALYSIS: During today's EUR News trading session, the EURUSD initially tried to rally or, as we call it, exhibited a false positive. Still, the market gave back gains as the European Central Bank raised its key interest rates as anticipated by 25 basis points up from 3.50% to 3.75%. So, considering this, where is Price Action going from here? Since April 02, 2023, @ 18:00, it's been a very noisy range. This range is our current price curve analysis. It lands between the Pivot Low of 1.0788 and the Pivot High of 1.1095 and, therefore, places Support @ 1.0945 and Resistance @ 1.1086. Based on the 4H chart, we should be clear for a downtrend breakout if price action opens and closes below our Support Level. A breakout pattern to the downside would also mean Price Action is pulling back from its BIG PICTURE uptrend pattern. Therefore, we should find Institutional Buying Targets around 1.0820 and 1.0800. Considering the US dollar to "safe-haven" currencies like JPY or CHF, we need to be cautious about our position sizing because this will continue to be a volatile range. We're going to have to "ride the wave" professionally. Right now, I see a lot of short-term buying and selling opportunities until Price Action reaches its 4-hour Demand Zone around 1..0800. Once we're there, the longer-term opportunity to buy will be ours.
Long
by ProfessorCEWard
4
EURUSD:Did the fed win the battle against inflation?Hey Traders, In today's trading session, our focus is on monitoring EURUSD for a potential buying opportunity around the 1.1100 zone. From a technical standpoint, EURUSD has successfully breached a significant resistance level at 1.1100. As a result, we are now observing the possibility of a retracement of this breakout, which could potentially lead to further upward movement and new highs. From a fundamental perspective, the recent release of soft CPI data has important implications. The softer CPI data suggests that inflationary pressures may be easing, which, in turn, could prompt the monetary policy to become less restrictive. When monetary policy becomes less restrictive, it typically leads to a weaker USD. Therefore, based on this fundamental analysis, there is a potential for USD weakness, further supporting the case for a potential buying opportunity in EURUSD around the 1.1100 zone. Trade safe, Joe.
Long
by JoeChampion
10
🔥 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
✨ NEW: EURUSD ✨ Counter-Trend Swing ✨SLO @ 1.1050 ⏳ TP1 @ 1.0890 TP2 @ 1.0800 BLO1 @ 1.0775 ⏳ (aggressive) BLO2 @ 1.0750 ⏳ (conservative) TECHNICAL ANALYSIS: The EUR/USD pair has been in a bullish trend since early June, breaking above the 1.0800 Resistance Level. On the other hand, the EURUSD pair is coming into the Supply Range from ~1.1015 up to ~1.1055 (16H). If this level is NOT broken and holds, then I'm anticipating this pair could see a downtrend retracement. As far as Support, I don't see anything major until price reaches 1.0792 and/or Demand @ 1.0772 (16H). Overall, the technical analysis for the EURUSD pair is BULLISH, but we also need to be prepared for some potential risks to the upside — supply and resistance — and hopefully capitalize off of these levels. KEY TECHNICAL INDICATORS: — Moving Averages: The 20-day simple moving average (SMA) and the 100-day SMA are both sloping upwards, which suggests that the trend is bullish. — Relative Strength Index (RSI): The RSI is currently in the overbought zone, which suggests that the pair could see a pullback. — Bollinger Bands: The Bollinger bands are currently expanding, which suggests that volatility is increasing. Overall, the technical analysis for the EUR/USD pair is bullish in the near term, but there are some potential risks to the upside. Traders should monitor the pair closely for signs of a pullback. Fundamental Factors (Near Term): (1) USD: FOMC Member Waller Speaks (2) USD: Unemployment Claims (3) USD: Fed Chair Powell Testifies (4) USD: Existing Home Sales (5) EUR: ECB President Lagarde Speaks "Manage your position, monitor the price, and you'll make some profit!" — Professor Cornelius Ward
Short
by ProfessorCEWard
7
🔥NEW: EURUSD🔥 DAY TRADE 🔥 AGGRESSIVE 🔥RESISTANCE @ 1.0975 TP4 @ 1.0850 (closing ALL Buy Orders) TP3 @ 1.0920 (shaving 25%) TP2 @ 1.0890 (shaving 25%) TP1 @ 1.0850 (shaving 25%) BLO1 @ 1.0815 ⏳ (aggressive) BLO2 @ 1.0790 ⏳ (conservative) SUPPORT @ 1.0775 WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Long
by ProfessorCEWard
7