EURUSD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1046
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1089
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Eurusd-3
EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.10826
Wish you good luck in trading to you all!
EURO - Price can rise a little and then bounce down to $1.1010Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from mirror line and made upward impulse, thereby breaking $1.1010 level.
Then price started to trades inside flat, where it at once rose to resistance level, which coincided with top part of flat.
After this, EUR turned around and in a short time fell to mirror line and then bounced up again.
Later price reached $1.1200 level again and some time traded near, after which turned around and started to fall.
Euro fell to mirror line and recently broke it, so, now it trades very close to this line inside flat.
I think that price can make a move up, higher mirror line, and then continue to decline to $1.1010 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Levels discussed 2nd October2nd October
DXY: Consolidating, could retrace to 101.10 (23.6%), looking to break above 101.40 and trade up to 101.80 (stay above 100.90 to maintain bullish)
NZDUSD: Sell 0.6265 SL 20 TP 55
AUDUSD: Sell 0.6860 SL 20 TP 40 (forming H&S pattern)
GBPUSD: Sell 1.3240 SL 30 TP 80
EURUSD: Sell 1.1045 SL 20 TP 40
USDJPY: Could continue ranging, Buy 144.80 SL 40 TP 120
USDCHF: Sell 0.8470 SL 15 TP 55
USDCAD: Buy 1.3475 SL 20 TP 60
Gold: Could trade up to 2665, could be held briefly along bearish trendline.
Market Analysis: EUR/USD Trims GainsMarket Analysis: EUR/USD Trims Gains
EUR/USD declined from the 1.1200 resistance and corrected gains.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline below the 1.1150 support zone.
- There is a connecting bearish trend line forming with resistance at 1.1070 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.1200 resistance zone. The Euro started a fresh decline and traded below the 1.1150 support zone against the US Dollar.
The pair declined below 1.1125 and tested the 1.1100 zone. A low was formed near 1.1045 and the pair is now consolidating losses. There was a minor recovery wave above the 1.1060 level. On the upside, the pair is now facing resistance near a connecting bearish trend line at 1.1070.
The trend line is close to the 23.6% Fib retracement level of the recent decline from the 1.1209 swing high to the 1.1045 low. The next key resistance is near the 50-hour simple moving average at 1.1125.
The main resistance is near the 76.4% Fib retracement level of the recent decline from the 1.1209 swing high to the 1.1045 low at 1.1170. A clear move above the 1.1170 level could send the pair toward the 1.1200 resistance.
An upside break above 1.1200 could set the pace for another increase. In the stated case, the pair might rise toward 1.1250.
If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.1045. The next key support is at 1.1020. If there is a downside break below 1.1020, the pair could drop toward 1.1000. The next support is near 1.0965, below which the pair could start a major decline.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EUR/USD Extends Losses as USD Strengthens, Bearish Impulse FocusThe EUR/USD pair has extended its decline for a third consecutive day, falling in line with our previous forecast. The US Dollar (USD) has gained traction, supported by a risk-off market sentiment and recent comments from Federal Reserve (Fed) Chair Jerome Powell. On Monday, Powell downplayed expectations of a significant 50 basis points (bps) rate cut, indicating that the central bank is not in a hurry to lower rates aggressively. His cautious tone has further bolstered the Dollar, keeping pressure on the Euro.
From a broader perspective, the main scenario for EUR/USD remains unchanged from what was outlined in previous analyses. We are still looking for a potential new bearish impulse, particularly as markets anticipate the release of the ADP Non-Farm Employment Change report later today. This key economic indicator could further influence the pair’s movement, with stronger-than-expected data likely boosting the USD and pushing the EUR/USD lower.
Technically, the pair is approaching our second take profit target as the bearish momentum continues. The current outlook suggests further downside potential, especially if today’s ADP report supports the case for a resilient US labor market, reinforcing the strength of the USD.
In conclusion, with the EUR/USD pair continuing its downward trend and the USD benefiting from Powell’s cautious stance, we anticipate further bearish action. The release of the ADP Non-Farm Employment Change report today could provide the catalyst needed to reach our second take profit target. Traders should remain vigilant, as the bearish scenario is still in play and could gain momentum following today’s data.
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EURUSD Multi Timeframe AnalysisDaily Swing Structure is Bearish
Daily Internal Bullish
Strong bearish momentum after mitigating Daily Extreme Supply + Sweeping the daily BSL in the Supply
Daily Fractal is now Bearish
We might see a bounce from this daily demand up to the daily supply
Plz check 4H and 15m analysis below
EUR/USD Analysis – Potential Rejection at Key ResistanceOn the EUR/USD chart, the price is currently not near the resistance level, but if it rises back to this zone, we could see a potential rejection, offering a good shorting opportunity. This resistance has acted as a strong barrier in the past, and with the right setup, it could provide a favorable risk-to-reward trade. Keep an eye on the price movement as it approaches this level and watch for confirmation signals before entering the trade.
EURUSD H4 - Short SignalEURUSD H4
We would be looking for something similar to this for the likes of EURUSD and US30, US100 if the opportunity is to present, we have seen and witnessed the selling pressure, now we need some market correction to offer the entry to the next wave of selling pressure.
That being said, we still want to stack confluences, our indicated sell zone now sits at 1.11 price. A whole number, area of resistance and supply. Lets see what today brings!
#EURUSD - 2 OctIf there is any redemption for the suboptimal calls for indices yesterday, it would be for FX. EURUSD held the PZ and just sold down perfectly to my price target. Yes my short level was higher at top of PZ but it worked well.
GBPUSD hit the sell level perfectly and sold down 80pips but no, the lows was another 70pips lower. Overall price action is bearish. Any rallies would likely be sold into. Good levels to go short could be at 1.1096/1.1114 for a move lower.
EURUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1104, which is a pullback resistance and a 38.2% Fibonacci retracement.
Our take profit will be at 1.1046, an overlap support level.
The stop loss will be at 1.1143, an overlap resistance level close to 61.8% Fibonacci retracement.
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EURUSD: Bearish momentum remains strong!Hello everyone! Today, let's review the EURUSD pair's performance last week and discuss suitable strategies for the current trend with Conan!
Currently, EURUSD is stuck in a downtrend, with the price trading below the important support zone of 1.1125 and currently hovering around 1.1115. Notably, the pair is still below the two important EMAs 34 and 89, suggesting that any recovery attempt will face strong resistance zones indicated on the chart.
The bearish outlook for EURUSD remains high as the long-term trend is still biased to the downside, with the short-term target towards 1.1090. Given the current technical situation, the possibility of further decline is quite high, but of course, everything is possible.
What about you? Do you think EURUSD will continue to decline today? Let's analyze and discuss the most appropriate strategy for this market!
EURUSD: Bearish reversal if the 1D MA50 breaks.EURUSD is on the lower levels of neutrality on the 1D timeframe (RSI = 46.772, MACD = 0.003, ADX = 17.817) as it reversed aggressively on the 1.12100 R1 level, forming what is so far a DT (double top) on a 1month 1D RSI bearish divergence. The same divergence was formed on the December 28th 2024 HH and it caused a decline to the 0.618 Fibonacci level. The trigger point to sell is always the 1D MA50. Consequently, we will turn bearish if it is crossed, aiming at the 0.618 Fib (TP = 1.08350).
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EURUSD: Local Correction Ahead! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.10261
Wish you good luck in trading to you all!
XAU/USD : Be Ready for Another Correction! (READ THE CAPTION)By analyzing the gold chart on the 30-minute timeframe, we can see that yesterday, as expected, the price finally dropped to $2624. After reaching this key demand level, it experienced a bullish move and has risen over 250 pips to $2650 so far. The $2651 to $2656 range is a key supply zone, and I expect a price correction once it reaches this area. Keep an eye on the price reaction at this level! (This analysis will be updated)
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Euro can reach seller zone and then rebound downHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago started to decline from the resistance level inside the downward channel. In channel, the price rebounded from the resistance line of the channel and dropped to the support level, which coincided with the buyer zone and support line of the channel. Then the price made a fake breakout of 1.1050 level and then rebounded up, thereby exiting from the downward channel and then turned around and started to decline inside the wedge. EUR dropped to the support line of the wedge, breaking the support level, but soon it started to grow and rose back and broke this level again. Then price continued to grow in a wedge, and later reached the resistance line, after which made a correction below. EUR fell to the support line of the wedge and then in a short time rose to the resistance line of the wedge, but soon turned around and declined back. A not long time ago price repeated movement up from the support line and at the moment it trades very close to the resistance level. So, I think that the price can rise to the seller zone and then it turn around and fall to support line of the wedge. That's why I set my TP at 1.1155 level. Please share this idea with your friends and click Boost 🚀
EUR/USD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.114 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/USD Rate Accelerates Decline Following European Inflation NeEUR/USD Rate Accelerates Decline Following European Inflation News
According to the Eurostat data released today:
→ Core CPI Flash Estimate (YoY): actual = 2.7%, expected = 2.7%, previous = 2.8%;
→ CPI Flash Estimate (YoY): actual = 1.8%, expected = 1.8%, previous = 2.2%.
This news, coupled with yesterday’s statements from the Fed Chair, led to the EUR/USD rate dropping by over 1% from yesterday’s high.
Could the downward trend continue?
Technical analysis of the EUR/USD chart shows that:
→ In the second half of September, bullish sentiment dominated, resulting in the formation of an ascending channel (shown in blue). However, near the key resistance at 1.1200 (drawn from the August peak), the bullish momentum faded, and the price entered a range between 1.1200 and 1.1122.
→ The bearish momentum that started from yesterday’s peak (B) is developing strongly. The price has broken both the lower boundary of the 1.1122 range and the lower boundary of the blue channel. Moreover, it has dropped below 1.1108, approximately the 50% retracement of the A→B rise.
This suggests that the first day of October could see bulls losing much of the gains from the previous month. A glimmer of hope for them may lie in the psychological support at 1.1080.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.