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Eurusd-4

EURUSD Set For Possible Bullish Breakout? Key Price Action Signa👀👉 EURUSD is demonstrating bullish momentum across the monthly, weekly, daily, and 4H charts. I'm closely watching for a potential buying opportunity, aligning with the key criteria covered in the video. In this analysis, we’ll pinpoint essential price action signals to track and outline strategic positioning for the next potential move. *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
Long
by tradingwithanthony
3
EUR/USD: Opportunity to profit from resistance!Hello all dear traders! After yesterday's important economic news, we saw a pretty impressive breakout of EUR/USD, but the pair is currently trading slightly lower at around 1.084, down around 0.06% on the day. This downside correction is largely due to the USD rising slightly on positive signals from the US economy. However, there is an important supporting factor for EUR/USD: the market is gradually losing confidence in the possibility of a strong ECB easing in the near future. This helps limit the downside momentum of the currency pair, allowing EUR/USD to hold firm against the pressure from the USD. From a technical point of view, I see that EUR/USD could gain some more upside momentum thanks to the nearby 34 EMA, which acts as an important support zone in the short term. But! Any upside momentum is likely to face resistance at around 1.087 and is likely to correct back to support to test liquidity before a clearer upside momentum emerges. Wishing you all a successful and profitable trading day!
Short
by Bentradegold
1
EURUSD: The trend of increasing dominant!Hello all my dear friends, the third day has started, wish you lots of energy! Currently, the EUR/USD pair is stable around 1,0810 and works well on the price channel to 1 hour. Despite the US dollar consolidated in the early morning of Asia in Tuesday. On the other hand, the price increase of the US dollar shows some signs of fatigue when the dollar index (DXY) returns to the recent peak at nearly 104.60 before falling to 104.30 at the delivery session. The end of the translation ends, thereby supporting the continued increasing trend of this pair of money. I wish you a lot of profits!
Long
by Bentradegold
USDJPY: Will the NFP Halt the Dollar?The USD/JPY moves between sustained bullish momentum and possible technical corrections: the Bank of Japan’s decision to keep rates unchanged temporarily strengthened the Yen, pushing the pair below 153, but post-election political uncertainty limits any lasting appreciation of the Japanese currency. Conversely, the US dollar continues to benefit from a favorable economic backdrop, bolstered by a strong labor market and the potential for a gradual Fed approach in the future. Imminent economic data, such as consumer confidence and JOLTS job openings, could confirm the US recovery, further boosting Treasury yields and the dollar. From a technical perspective, the trend remains bullish, with key resistance levels at 153.90 and 155.10, while a correction toward supports at 151.95 and 149.50 might indicate a pause or reversal of the trend.
Long
by Forex48_TradingAcademy
1
EUR/USD: Bullish Momentum Breaks Resistance, What’s Next?The EUR/USD has been moving upward for the fourth consecutive day, with a clear uptrend forming on the chart. Currently trading around 1.082, the pair has broken out of its previous downward channel, signaling a bullish shift. Additionally, the 34 EMA has successfully crossed above, reinforcing short-term bullish sentiment and encouraging investors to buy into the pair. However, a bit more caution is advised before making long-term buys. The EUR/USD remains within a triangle pattern, suggesting it may need to retest the breakout level before fully confirming a sustained uptrend. What’s your take? Should we go for a buy or sell today and in the days to come?
Long
by Pierce_Bowers
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
XAUUSD: Ready for a Correction After NFP?Analyzing XAU/USD's movement, the price recently hit a fresh all-time high around $2,790 but then experienced a slight pullback to $2,780. Despite this minor drop, the underlying trend remains strongly bullish, driven by the weakness of the US dollar due to mixed macroeconomic data limiting its demand. From a technical perspective, the daily chart shows a clear bullish setup, suggesting the potential for further highs until a significant correction occurs. After a brief corrective dip, technical indicators have resumed their ascent into overbought territory, signaling that buyers are ready to capitalize on minor price dips. The price could break the psychological threshold of $2,800 before the US presidential elections, with the potential to discover new highs beyond the recent record of $2,789.72. In October, the private sector added 233K new jobs, surpassing expectations and temporarily strengthening the dollar. However, Q3 GDP growth at 2.8% fell short of forecasts, adding downward pressure on the dollar. The quarterly Core PCE Price Index was 2.2%, down from the previous quarter’s 2.8% but above the 2.1% expectation. Despite this decline, inflation remains within the Fed’s tolerance range, reducing the likelihood of an impact on the central bank’s policy decisions.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
EURUSD - 4hrs ( Buy Trade Target Range 200 PIP ) 🟢 Pair Name :EUR/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Break 1.08600 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range Hvn - Channel Break - Choch Zone Bearish Reversal 1.10400 Area
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Long
by GoldenEngine
12
EURUSD: short reversal ahead?The Existing Home Sales in the US dropped further in September by -0,1%, but it was still a lower drop from market forecast of -1,6%. At the same time, Building permits for September were standing at -3,1% for the month, while new home sales increased by 4,1% in September. Durable Goods Orders were lower by -0,8% in September for the month, a bit higher from market forecast of -0,5%. Michigan Consumer Sentiment final for October was standing at the level of 70.5, modestly above market expectation of 68,9. At the same time, 5 years inflation expectations dropped to the level of 3,0%, from 3,1% posted previously. The PPI index dropped by -0,5% in Germany in September, leading to a yearly drop of -1,4%. Figures were higher from market forecast of -0,8%. The HCOB Manufacturing PMI in Germany, flash for October reached the level of 42,6, and was a bit higher from market consensus of 40,6. The services sector continues to hold within a positive territory, with HCOB Services PMI flash reaching 51,5 for October. At the same time, the HCOB Composite PMI flash for October in the Euro Zone was standing at 49,7, although the market was expecting to see the level of 50,1. The Ifo Business Climate in Germany in October reached the level of 86,5 a bit higher from market consensus of 85,5. The Euro Zone economy continues to struggle with growth, after the ECB managed to put inflation under control. Comments made by President Lagarde indicate that the ECB is in a sort of hurry to put interest rates at the neutral zone. This means further rate cuts till the end of this year. Markets reacted to such a sentiment, by pushing Euro to the lower grounds. During the previous week the eurusd pair was testing the 1,08 support line, with lowest weekly level reached at 1,076. The currency pair rebound after, toward the highest weekly level at 1,083, however it is ending the week around the 1,08 level. The RSI reached the clear oversold market side, which indicates higher potential for a short term reversal. The moving average of 50 days started clear convergence toward the MA200, indicating a potential for a cross in the coming period. The week ahead brings data for Non-farm payrolls and PCE Index which might bring a higher volatility to the market. The support line at 1,08 has been tested during the previous week, and it will be also a starting point for the week ahead. Considering that RSI is currently moving in the oversold territory, increasing the potential for a short reversal. In this sense, the level of 1,09 might be an easy target for the week ahead. Higher grounds are currently not indicated on charts. On the opposite side, charts are modestly revealing the 1,07 level, however, this might be a target for the longer-term period, and not for the week ahead. Important news to watch during the week ahead are: EUR: GfK consumer Confidence in Germany in November, Unemployment rate in Germany and the Eurozone in October, Q3 flash GDP Growth Rate in Germany and the Euro Zone, Inflation Rate in Germany and the Euro Zone preliminary for October, USD: JOLTs Job Openings, CB Consumer Confidence, Q3 GDP Growth Rate, PCE Index for September, Personal Income and Spending for September, Initial Jobless Claims, Non-Farm Payrolls in October, Unemployment Rate in October, ISM Manufacturing PMI for October.
by XBTFX
EUR/USD Builds Bullish Momentum with Strong Support and Pin BarAfter bottoming at 1.0760 exactly one week ago, FX:EURUSD has started to consolidate, forming what appears to be a base. Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday. To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move. With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2. My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
Long
by Mihai_Iacob
7
EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!EURUSD ( FX:EURUSD ) is moving near the Upper line of the Descending Channel , Support zone($1.0816-$1.0775) , and Support lines . Regarding Classic Technical Analysis , EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern ( Bullish Reversal Pattern ). Also, Regular Divergence (RD+) between Consecutive Valleys . I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines . ⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️ Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰. 🔔Be sure to follow the updated ideas.🔔 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.
Long
by pejman_zwin
10
EURO - Price can bounce down from resistance area to $1.0680Hi guys, this is my overview for Euro, feel free to check it and write your feedback in comments👊 A few days ago price entered to rising channel, where it rose to $1.1075 level and broke it, after which continued to grow. Then price made a fake breakout of resistance line of channel, after which fell to support line of channel. Then it rose to resistance line and then started to decline to support line, breaking $1.1075 level. Also then, price exited from channel and fell to $1.0840 level, broke it, and declined to support line. But then it bounced and rose to $1.0840 level, after which recently, EUR turned around and continued to fall. Possibly, price can grow to resistance area and then bounce down to $1.0680 support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
12