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EURUSD Analyze (Road Map)!!!🗺️(15 min)🏃♂️ EURUSD is running in the 🟢 Support zone 🟢.
🌊According to Elliott's theory , EURUSD has completed its 5-wave downtrend at the 🟢 Support zone 🟢.
🌊It seems that correction waves will start from the 🟢 Support zone 🟢.
🔔I expect EURUSD to rise at least until the end of wave 4 .
Euro/U.S.Dolalr Analyze (EURUSD), 15-minute time frame ⏰.
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🚨EURUSD will FALL to Support Line🚨EURUSD is moving in the middle of the descending channel (the middle line of the channel), and the 🔴 resistance zone 🔴 and near 100_SMA(Daily) .
Also, EURUSD managed to break the Uptrend line .
🔔I expect EURUSD will fall at least to support line .
Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰.
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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.
📈EURUSD 4H deadly analysis📉FX:EURUSD
OANDA:EURUSD
FOREXCOM:EURUSD
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EURUSD Road Map🗺️!!!(4-hour time frame⏰)After the EURUSD failed to break the 🔴heavy resistance zone($1.1185-1.110)🔴 and created a bull trap , it started to fall and started corrective waves .
🔔Currently, EURUSD is breaking the uptrend line, and I expect EURUSD to fall at least to the 🟡 Price Reversal Zone(PRZ) 🟡 and support line.
Euro/U.S.Dollar Analyze ( EURUSD), 4-hour time frame ⏰.
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Euro/USDprice has been moving upward for several days now, and it's the last days of this week .. also by looking at DXY, it did test the support zone, and now it's moving upward (by the time I'm writing ) So USD pairs will go down somehow (Dollar gets strong)
price needs to correct itself .. we have a pin bar also retest .. so now you can open the short position and follow the price to the GP zone
$EURUSD rise of the dollar?👁🗨️*This is not financial advice, so trade at your own risks*
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#Euro Prices Volatile, Bears Can Take Over Below $1.0800Past Performance
Euro recovered on Friday, but this formation doesn't swing price action to favor buyers. For now, sellers have the upper hand since prices are oscillating inside the June 23 bear candlestick. Besides, trading volumes are light, casting doubts on the strength of the uptrend.
#EURUSD Technical Analysis
Buyers are confident. Whether this will continue in the days ahead is if Euro bulls will press higher above $1.1000 in the days ahead. The primary support is $1.0840, marking June 23 low. However, on the lower end, bears can target $1.0800. Considering the current formation, sellers may find entries to short now that prices are inside the June 23 trade range. Any break above $1.1000 cancels this preview, with losses below $1.0800 and June 15 cementing the bearish forecast.
What to Expect?
The bears have the upper hand in the current formation. Even though gains of June 15, the anchor bar, have yet to be wholly reversed, the rejection of higher prices last week points to weakness. Therefore, conservative traders can wait for a clean break below $1.0800 or $1.1000 before loading in the emerging direction.
Resistance level to watch: $1.1000
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
Potential downside next week for EURUSDThe recent 300+ pips surge in PEPPERSTONE:EURUSD , devoid of pullbacks , raises the possibility of a downward movement in the pair next week. Several factors support this notion, highlighting a potential decline in the EUR/USD exchange rate.
Overextended Bullish Momentum:
The absence of retracements in the recent rally suggests a potential overextension of bullish momentum. Profit-taking by traders and investors could trigger a downward pressure on EUR/USD.
Technical Resistance Levels:
EUR/USD has reached significant technical resistance levels, which often act as barriers to further upward movement. This could lead to a reversal as traders react to these levels.
Monetary Policy and Economic Data:
Diverging monetary policies between the ECB and the Fed, coupled with influential economic data, may favor a decline in EUR/USD. A less hawkish ECB or positive data from the US could contribute to this scenario.
Considering the overextended bullish momentum, technical resistance levels, monetary policy divergence, and economic data, there is a possibility of a downward correction in the EUR/USD pair next week. Traders should closely monitor these factors and adapt their strategies accordingly.
First target: 1.0835
Second: 1.0775
#Euro Dumps, Retraces from June Highs as Bears Target $1.0800Past Performance
From the daily chart, bears are in control, and Euro prices have crumbled below crucial support levels. With prices below $1.0900, the short-term trend is firmly bearish, and sellers can add their shorts, targeting $1.0800 in alignment with the June 23 bear bar.
#EURUSD Technical Analysis
The wide-ranging, high-volume bar of June 29 invalidated the uptrend of June 27, paving the way for sellers to ride the emerging trend. As it is, every high below $1.0900 may allow traders to unload the Euro while targeting $1.0800 in the short term. This target flashes with the lows of June 15, the conspicuous bar that anchors the current uptrend. Should sellers press on, reversing losses, Euro could crash to $1.0650, or June lows, in a trend confirming sellers of May.
What to Expect?
Overall, traders are confident, but there could be more losses if today's prices edge lower. In that case, the pullback in the first three weeks of June could be a retracement in a predominantly bearish trend of May, allowing conservative long-time frame traders to add to their shorts. For now, traders should watch whether the June 15 low will be retested.
Resistance level to watch: $1.0900
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
🚨🚨🚨EURUSD ready to fall🚨🚨🚨After completing five impulsive waves, EURUSD has started to form corrective waves from the 🔴 resistance zone($1.1027-$1.098) 🔴.
The structure of the corrective wave with respect to wave A is of Zigzag type(ABC/5-3-5) .
Wave B ended near the resistance zone and Price 🟡 Reversal Zone(PRZ) 🟡.
After breaking the support line, I expect wave C to continue to the 🟢 support zone($1.076-$1.071) 🟢.
🔅Euro/U.S.Dollar (EURUSD) 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#Euro Uptrend Remains; Bulls Must Break $1.1000Past Performance
Euro is bullish from the top-down preview. Presently, bulls are steady when writing, looking at the performance in the daily chart. Unless there is a total reversal of June 15 and 21 gains, the uptrend remains, and the immediate support line is at $1.900. The rejection of lower lows on June 27 invalidated the bearish outlook as price action swings to favor optimistic bulls.
#EURUSD Technical Analysis
Losses of June 23 were reversed as buyers flowed back, pumping prices. With prices higher, bulls are back in the picture even though prices are choppy and volatile. Aggressive traders may look for entries above $1.0900 and June 23 close. However, better entries may be above $1.1000 or last week's highs. A high-volume close with the same rapidity as the June 23 bar could easily lift Euro toward $1.1100 and April 2023 high in a buy trend continuation formation. Conversely, sharp losses below last week's lows at $1.0840 cancel this bullish preview.
What to Expect?
Prices are in range and choppy though the expansion is at the back of increasing volumes pointing to participation. Even though the June 23 bar is important for price action, further gains today above $1.1000 will likely draw even more buyers into the picture, lifting prices even higher.
Resistance level to watch: $1.1000
Support level to watch: $1.0900
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Euro Slips But Uptrend Remains, Resistance at $1.0900Past Performance
Euro is back in red, reading from the performance in the daily chart. Per this candlestick arrangement, traders can look for entries to short on every attempt higher. As it is, the immediate resistance is at June 21 low at around $1.0900.
#EURUSD Technical Analysis
The path of least resistance, at least in the short term, is southwards. As such, traders can look to ride the emerging trend, aligning with the sellers of June 23. Even so, trading volumes are lower, meaning the June 15 high-volume bull bar anchors the current formation. The immediate target for aggressive traders will be $1.0800, while the resistance is $1.0900. Any drop below $1.0800, reversing gains of June 15, invalidates this preview, ushering in sellers of May who may angle for $1.0500 in a bear trend continuation formation.
What to Expect?
Technically, buyers are in control from an effort-versus-result perspective considering the light trading volumes of the June 22 and 23 bars. Still, the bearish preview holds if prices are firmly below $1.0900. Any upswing above $1.1100 cancels this projection.
Resistance level to watch: $1.0900
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Euro Upswing Slows Down, Will Prices Hold Above $1.0900?Past Performance
The uptrend remains, but there are hints of weakness. Following the drop on June 22, the Euro could register even more losses today. Even so, buyers remain in charge if prices are above $1.0900 and June 21 lows.
#EURUSD Technical Analysis
After sharp gains in the first half of June, the Euro is bullish. For now, support is at $1.0900, while resistance is at June 22 high. As long as prices are within the bull bar of June 21, every low may offer entries for risk-off traders from an effort-versus-result perspective. This preview stands considering that bulls are dominant and bears didn't rewind gains on June 21. As such, the immediate target remains at $1.1100 in the medium term. Any loss below $1.0900 may slow down optimistic Euro bulls.
What to Expect?
Candlestick arrangement favors Euro bulls despite the current retracement. In the near term, traders can expect continuation towards $1.1100 as bulls peel losses of May. If not, a drop below $1.0900 will puncture the uptrend momentum.
Resistance level to watch: $1.1100
Support level to watch: $1.0900
Disclaimer: Opinions expressed are not investment advice. Do your research.
Euro Upswing Cools Off, Buyers Target Retest Of April 2023 HighsPast Performance
Euro prices are steady when writing and trending inside the June 15 bull bar. Per the EURUSD candlestick arrangement in the daily chart, every attempt lower but above the $1.0850 support line may offer entries for aggressive traders angling for $1.1100. Any upswing above $1.0970 will trigger demand, pumping the Euro even higher.
EURUSD Technical Analysis
Currently, traders are upbeat, and the candlestick arrangement favors bulls. Provided prices are inside the June 15 bar; Euro buyers have the upper hand from an effort-versus-result perspective. Subsequently, traders can look to load the dips above $1.0850 or, more conservatively, above $1.0970, targeting $1.1100 and aligning with last week's buyers. This preview will be nullified if Euro prices dump below $1.0800, reversing gains of the anchor bar of June 15.
What to Expect?
Euro prices are relatively weak and possibly correcting the overvaluation of last week. The uptrend remains, and technical candlestick formation supports optimistic bulls. Since the retracement is with lighter volumes, the odds of buyers resuming the uptrend remain high.
R esistance level to watch: $1.0970
Support level to watch: $1.0850
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Euro Contracts, Uptrend Remains But Support at $1.0800Past Performance
Based on the daily chart, euro prices are bullish, reading from last week's solid performance, but are now lower. Following the rapid expansion on June 14, the cool-off on June 15 means an element of overvaluation. Subsequently, Euro prices might contract but remain bullish if prices are inside the June 14 bullish engulfing bar.
#EURUSD Technical Analysis
The uptrend remains, and Euro buyers are in control, anchored by last week's gains. The cool-off of June 15 and 19 will likely continue. Notice that prices on June 20 were above the upper BB in the daily chart. This formation suggests that the uptrend is oversold and the currency, at spot rates, is above equilibrium. Subsequently, the Euro might track lower, likely towards the $1.0850 zone, for a balance to be struck. Any sharp close above $1.0970 nullifies this preview. However, aggressive traders may look to short on lower time frames targeting $1.0850. Losses below $1.0800 nullify this bullish outlook.
What to Expect?
Buyers are confident, but Euro prices appear overvalued. As such, traders can look for entries to short with targets at June 14 lows. Even so, the uptrend remains, and this immediate forecast will be void if Euro prices surge above $1.0970.
Resistance level to watch: $1.0970
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Euro bulls confident, Traders Targeting $1.1100Past Performance
The Euro march is evident, and buyers are in the driving seat, looking at price action in the daily chart. For now, traders can look for entries to load above $1.0800. On the reverse side, if bulls keep up the pace of the past week, the currency may rally to as high as $1.1100, peeling back recent losses in a buy trend continuation formation.
#EURUSD Technical Analysis
Presently, the path of least resistance is northwards, and the currency is recovering after losses from May. The June 15 bar anchors the current price action. As long as prices are within the bar's range, every low above $1.0800 may offer entries for traders to double down, targeting last week's highs and later $1.11000. This preview holds from a top-down preview and favors swing traders from an effort-versus-volumes perspective. Any dump below $1.0800 will likely swing price action to favor sellers, canceling the current preview.
What to Expect?
Euro may likely correct in the days ahead before resuming the uptrend towards April highs. This is considering the over-valuation of June 16; the bear bar closed above the upper BB. Therefore, traders should watch participation levels and whether $1.0800 will anchor the leg up in upcoming sessions.
Resistance level to watch: $1.1100
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Euro Rallying, Bulls Targeting April Highs at $1.1100Past Performance
The Euro bounce is clear, and the currency is now up 2.95% from June 2023 lows. As it is, every attempt lower but within the June 15 bar is an opportunity to load up, targeting $1.1100 or April 2023 highs. Any dump below $1.0770 will nullify this preview.
#EURUSD Technical Analysis
The June 15 bar is wide-ranging, with decent volumes pointing to high engagement. Even though the bar confirms the bullish breakout of June 8, which also forced prices above the middle BB—or the 20-day moving average, it may be climactic. Therefore, though the first target is $1.1100, a retracement within the June 15 bar at around $1.0800 may allow aggressive traders to double down, aiming to ride the leg up. For now, the trend continues the March to April bull trend. Any loss below $1.0770 invalidates this preview.
What to Expect?
Euro may expand further towards $1.1100 in the days ahead. The primary trend is bullish, in sync with gains from March to April. With prices recovering from around $1.0600, the 78.6% Fibonacci retracement level of the March to April 2023 range, the Euro could retest $1.1100.
Resistance level to watch: $1.1100
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
EURUSD analysis (1W time frame)On the chart, we can see that the price is in the middle of the range, but is retesting the key support now.
We expect that the price will breakdown to grab the liquidity and do the false breakout. After that we expect the price to come back up and move higher towards the horizontal resistance
Target, stop loss and entry are shown on the chart
EURODOLLAR, SHORT TERM BUY POTENTIALEurodollar is seeing some stabilization in this price area. There is a support level around the 1.07 from last weeks price action. Consider buying the currency and selling in the 1.08 area.
This week ECB and FED meetings are up. While ECB hike is certain, dollar hike has a 30% probability and it wont probably realize, so there is some euro upside not currently priced in.