EURUSD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0537
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0506
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Eurusd-4
XAU/USD : Bullish or Bearish? Let's See! (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level.
- Bullish Scenario: If the price stabilizes above $2640, we can anticipate further growth with $2660 as the first target.
- Bearish Scenario: If it fails to hold above this level, a move toward $2623 is very likely.
This analysis will be updated as the situation develops!
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EURNZD H4 Smart Money Outlook LONG/SHORT +220/+360🔸Hello traders, let's review the 4hour chart for EURNZD today.
All previous setups hit TP, congrats if you followed.
🔸Right now EURNZD trading at 7830, expecting further losses
until we trigger 4 hour BB zone at/near 7700. Retrace incoming
to trigger overhead 4 hour OB zone at/near 7920.
🔸Bulls will setup a bear trap after break of structure / break of
last weekly low, then expecting reversal to trigger fresh overhead
liquidity before the pullback/correction resumes.
🔸Recommended strategy for EURNZD: LONG/SHORT sequence,
LONG at/near H4 BB 7700 SL 7660 TP 7920 +220 pips, part two
of the sequence short from H4 OB at/neat 7920 SL 7960 TP is
7560 bullish H4 heavy order block, for reference see price chart.
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EURUSD Will Go Higher From Support! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.052.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.068 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD - Possible Scenarios For US SessionEURUSD is currently at a make or break situation. Overall there's been a Bearish momentum however price is in correction mode. Above possible scenarios are for high impact news coming in US session.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.050 level.
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Potential bullish rise?The Fiber (EUR/USD) has reacted off the pivot and could rise from this level to the overlap resistance.
Pivot: 1.0469
1st Support: 1.0391
1st Resistance: 1.0595
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GBPUSD H4 | Bullish Bounce off?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2613, which is an overlap support that aligns with the 50% Fibo retracement.
Our take profit will be at 1.2836, a pullback resistance that aligns with 61.8% Fibo retracement and 78.6% Fibo projection
The stop loss will be placed at 1.2488, which is a swing low support level.
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EURUSD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0523
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0496
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-TIME FOR REVERSAL- SWING TRADEReversal Opportunity Amid a Bearish Bias
FX:EURUSD
The EUR/USD is showing potential for a reversal, although the overall probabilities remain bearish. This setup offers an opportunity with a possible 3RR.
Trade Management:
Today's FED meeting could cause sharp and unexpected market movements. It’s crucial to keep a tight SL to protect against liquidity hunts, especially near the November PML wick. The TP is set at the bearish FVA, but if the price reaches this area, it could signal a higher probability of continued upside.
Stay cautious and adapt to market conditions. Manage your risk and remember: capital preservation comes first.
"EUR/USD: Rebound Before Deeper Decline"The EUR/USD currency pair finds itself in a delicate phase of local correction, driven primarily by the temporary softening of the US dollar. This correction comes amidst a backdrop of complex global dynamics and heightened market sensitivity to news-driven events. The currency pair appears poised to retest local highs in the short term, yet traders should approach this opportunity with a heightened sense of vigilance. Today’s economic calendar is packed with high-impact events, and the fundamental backdrop remains skewed heavily toward negativity for the euro. These factors could amplify volatility and result in sharp, unpredictable price movements.
### **Macro and Fundamental Overview**
From a macroeconomic perspective, the euro faces a host of challenges that continue to undermine its strength. Persistent global headwinds, such as the lingering effects of Trump-era policies, including tariffs targeting European exports, have placed sustained pressure on the region’s trade dynamics. Meanwhile, Europe’s monetary policy stance remains dovish, with the European Central Bank leaning toward maintaining or even reducing already historically low interest rates. Such a backdrop has solidified the downtrend in EUR/USD, both on a broader and local scale.
The US dollar, despite its temporary pullback, remains supported by its role as a safe haven in times of uncertainty. Factors such as a resilient US labor market, better-than-expected GDP figures, and the Fed’s measured approach to monetary policy keep the dollar attractive relative to the euro. The interplay of these forces suggests that the euro’s upward momentum during corrections is likely to remain limited and short-lived.
### **Technical Analysis: False Breakouts and Resistance Retests**
On the technical front, the EUR/USD pair is exhibiting signs of a potential false breakout below key support levels. Such patterns often serve as a precursor to temporary price recoveries, as market participants test resistance levels before resuming the dominant trend. In this context, the price action suggests that a retest of nearby resistance levels, coupled with bearish reversal patterns, could pave the way for renewed selling opportunities.
The most immediate resistance levels to monitor are 1.0606, 1.0650, and 1.0760. These zones are likely to attract selling pressure, especially if bearish sentiment is reinforced by today’s news events. Conversely, support levels at 1.0517, 1.0440, and 1.0330 remain critical. A decisive break below these levels could accelerate the pair’s descent, signaling the continuation of the broader downtrend.
### **News Sensitivity and Bearish Triggers**
Given the heavily saturated news cycle, traders should remain particularly attentive to market reactions to economic releases and geopolitical developments. Key announcements, such as US labor market data, European inflation figures, or updates on trade negotiations, could act as catalysts for sharp price swings. If bearish triggers dominate, such as unexpectedly hawkish commentary from the Fed or further downgrades to Europe’s growth outlook, the pair is likely to face renewed selling pressure, particularly at resistance zones.
### **Trading Strategy and Outlook**
In this environment, a prudent trading approach involves waiting for confirmation of bearish reversal signals at resistance levels before considering short positions. Patience is key, as the market may temporarily attempt to test or even breach resistance before resuming its downward trajectory. Traders should also consider using tight stop-loss levels to mitigate risk, given the potential for heightened volatility.
To summarize, while the local correction in EUR/USD presents a short-term opportunity to test resistance levels, the overarching bearish narrative remains intact. The interplay of weak euro fundamentals, dovish monetary policy, and a generally strong US dollar points to further downside potential. Monitoring key technical levels, understanding news-driven volatility, and adopting a disciplined approach to risk management will be crucial for navigating the next phase of this downtrend.
EURO - Price can bounce down from resistance area to $1.0385Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few days ago price bounced from $1.1000 level and rose to $1.1205 points, after which turned around.
Then price started to decline inside falling channel, where it at once reached and broke $1.1000 level.
After this, EUR fell to support line of falling channel, and then bounced and rose to resisatnce line, making a first gap.
Price made downward impulse, thereby exiting from channel and starting to trades inside flat, breaking $1.0585 level too.
In flat, Euro fell to bottom part but then turned around, made a second gap, and now trades close to $1.0585 level.
In my mind, Euro can enter to resistance area and then start to decline to $1.0385, which coincides with bottom part of flat.
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EURUSD - Near a Bearish BreakWe were expecting a bullish continuation on EURUSD however as the Dollar continues to go up, EURUSD is edging a breakout which could open lower levels. If the support holds, we should see a Bullish reversal otherwise it is destined for a bearish move.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Technical Analysis for EUR/USD (Euro/US Dollar)Chart Structure:
Head and Shoulders Pattern:
A reverse Head and Shoulders pattern is visible on the 1-hour chart, indicating a potential reversal to an upward trend.
The Neckline is located at 1.0578, and its breakout could confirm the start of an upward move.
Fibonacci Levels:
The 0.5 Fibonacci level at 1.0578 acts as a key support.
The 0.786 Fibonacci level at 1.0719 and the 1.0 level at 1.0824 are identified as potential targets if the Neckline is broken.
Indicators Used:
Ichimoku:
The price is near the Kumos (cloud), and a breakout above the cloud could signal further upward movement.
Alligator:
The Alligator lines are opening up, indicating an increase in volatility and the potential continuation of the trend.
Price Action Forecast:
If the price breaks the Neckline at 1.0578, an upward move toward the 1.0719 and then 1.0824 levels is expected.
If the price fails to break the Neckline, there could be a reversal back toward lower support levels, such as 1.0498.
Conclusion:
Bullish Scenario: A breakout and hold above 1.0578 would support further upward movement toward Fibonacci targets.
Bearish Scenario: A failure to break the Neckline could lead to a decline and continuation of the current downward trend.
This analysis is based on technical tools and should ideally be combined with fundamental analysis for a more comprehensive outlook.
EURUSD - Outlook for 04/12/2024EURUSD has been ranging and completed a lower move to support. As far as the support holds, we should see above levels tapped in coming sessions. A sustained break of support will result in bearish move to lower levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD - The Bigger PictureEURUSD seems to have completed the Correction Waves ABC and now looks to start a Bullish move. Stochastic is in extreme lows so we can expect a move to above level as far as support is respected. A break of support level will result in a lower move to below support.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD Will Go Down! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.052.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.049 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD → Consolidating before the news.... FX:EURUSD is in a current downtrend, but there is news ahead and traders are waiting for hints about the US monetary policy. The currency pair has not yet reached the local target...
On D1, the struggle for space continues after the false breakdown of support. Also, the market is still yet to test 1.061 - 1.065 - the key liquidity zone.
Ahead of ADP Nonfarm, PMI and Powell's speech, where, according to analysts, the issue of rates, US monetary policy may come up. Any hints of an aggressive rate cut could reinforce buying in the Euro and selling in the Dollar. However, we can't know this ahead of time, so the market may remain in consolidation until the news.
Resistance levels: 1.0606, 1.0654, 1.076.
Support levels: 1.0448, 1.033
Technically, the currency pair can form an upward momentum to key resistance areas, from which the decline can resume. But, if the price breaks the support and consolidates below 1.044, the decline may start earlier.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
#EU ANALYST #EU analyst
Currently, the price is still reacting at FVG monthly frame, you can wait for LTF (H4) to create MSS.i as shown in picture 2 and then find a buying point up to BSL.
* If the price sweeps liquidity or Asia.Sweep then creating Mss.i will be safer. If the price drops and does not create Mss.i, I will update again.
Goodluck🥰🥰
Sell EUR/USD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0500, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0442
2nd Support – 1.040
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