EURUSD buy setupsSetup 1 is more probable but will look at both long-term setups. The greenback has been gaining some momentum based on various illogical parameters. Looking to take advantage of that.
Remember to practice good risk management.
Eurusd-4
BEARS KEEPS A TIGHT GRIP ON EU BULLS!Sellers are having a swell time violating buy zones this week, while we expected shorts, we had hoped to see a potential retracement move give us a chance to enter long (counter-trend/high-risk) but that has not happened.
While price did bounced of this level a few times showing bullish reactions, they were insufficient to determine a shift in sentiment, now attention has shifted to this weekly FVG where we begin to watch for clear bullish reaction from the 4hr TF up to the daily TF .
We'll keep fingers crossed until a reversal pattern prints!
EUR/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.093 area.
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eurusd h8 buy/hold bounce setup +200 pips🔸Hello traders, let's review the 8hour chart for EURUSD today. Bears maintain control since we cracked the heavy psych level at 1.10 currently trading near 1.09 and expecting further losses before a potential bounce.
🔸Based on recent data from 2024 we had multiple 3.6% corrections before
the bounces for 150-300 pips in EURUSD. specifically we had a 4% correction,
3.8% correction, 3.6% correction, 3.2% correction, 2.2% correction before
strong bounces off the lows. Current correction projected to complete near
0800, this is a 3.6% correction which is typical for eurusd.
🔸Recommended strategy for EURUSD traders: focus on buying low near
0800. SL fixed at 0750 TP1 +150 pips TP2 +200 pips final. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
SasanSeifi|Bearish Momentum Targets Key Support Levels! Hey there, ✌ OANDA:EURUSD In the daily timeframe, the price advanced toward the liquidity level of 1.11300 and the 1.12 price range with a significant upward trend. Following this rise, corrections occurred, and after forming a low, the price again moved towards the key 1.12 level. However, with the failure to break the previous high, a double top was formed, leading to another wave of corrections.
⏭Currently, after breaking the low at the 1.10 level, the price has retraced to 1.095. The overall outlook is bearish, with potential corrections targeting 1.086 to 1.082. If momentum weakens around the support range of 1.095 to 1.090 and a confirmation is received, the price may enter a consolidation phase, ranging between 1.10, 1.10400, and 1.10800.
🔹After this, we might see a pullback followed by further corrections. Monitoring price reactions at the first demand zone will provide better insight. However, if the selling pressure continues and the demand zone is broken, the price could target the corrective levels of 1.086 and 1.082 within the FVG and order block areas.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Fundamental Market Analysis for October 23, 2024 EURUSDEvent to pay attention to today:
17:00 GMT+3. EUR - ECB President Christine Lagarde Speaks
EURUSD:
On Tuesday, the EUR/USD pair saw further downside movement, retreating by an additional 0.16% and testing a key technical barrier that could potentially result in new 16-week lows if the euro price base is reached.
On Tuesday, European Central Bank (ECB) President Christine Lagarde made several statements, but their content ranged from the mundane to the unremarkable, which had little impact on the euro's performance. In a statement released today, ECB President Lagarde said that the ECB was 'not dissatisfied with what she saw' but that the ECB 'cannot jump to the conclusion that the inflation target is a done deal'. This statement inspired absolutely no confidence in the euro and provided little guidance for currency markets, which are seeing the euro retreat against the dollar for the fourth week in a row.
The release of global PMI data is scheduled for Thursday. Market expectations are high for the EU PMI results, with average market forecasts indicating a modest increase in October's EU services PMI from September's 51.4 to 51.6.
Trading recommendation: We follow the level of 1.08000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
GBP/USD: Is the Dollar Weakness Back?After a brief two-day recovery, GBP/USD reversed course on Monday, losing 0.5% and continuing to show signs of weakness on Tuesday morning, trading slightly below the 1.3000 level. Market sentiment was cautious at the beginning of the week due to escalating geopolitical tensions in the Middle East, which bolstered demand for the US Dollar as a safe haven. The US economic calendar features the Richmond Fed Manufacturing Index for October, though it is not expected to significantly impact the market. Additionally, Bank of England Governor Andrew Bailey will deliver a speech at the Bloomberg Global Regulatory Forum in New York, but without expected comments on monetary policy, the event could have a minimal effect on the pound.
The next important data releases for GBP/USD will be on Thursday, with the preliminary PMI Manufacturing and Services Index data for the UK and the US, which could provide further direction for the pair. It is also worth noting that on Tuesday, the market closed the day with a doji candle, opening up a potential bullish opportunity. We will see if today, during the London session, the market provides a clear confirmation to go long.
Happy trading, and have a great day!
Potential bullish reversal?EUR/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0775
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci retracement.
Stop loss: 1.0719
Why we like it:
There is a pullback support level.
Take profit: 1.0871
Why we like it:
There is an overlap resistance level.
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Potential bullish reversal?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 1.0775
1st Support: 1.0720
1st Resistance: 1.0868
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#EURUSD - 23 OctEURUSD moved almost as per plan given yesterday; a pullback into the PZ before a flush down. Bearish price action.
My price target given yesterday is 1.0745 and would keep to that, especially in this bearish environment. IMO, EURUSD could 1.0810 or even 1.0824, but it would be a good level to look for rejection and a short to target 1.0741. I would look for price to base between 1.0741/65 to look for a recovery.
EURUSD: Recovery then decline?Hello dear friends! What do you think if EURUSD continues its downtrend in the future?
This will be a long-term analysis for this currency pair.
On the chart analysis: Ben sees that a double top pattern has formed (clearly indicated from the chart) which marks a strong fight from the sellers as they try to push the downtrend back.
Furthermore, using Fibonacci retracement levels to measure the retracement of the first wave (blue area), the downtrend is expected to continue after reaching the 0.618 retracement level.
If the price action of this currency pair plays out according to this trading idea, the 1.0910 and 1.0779 levels will be targeted by the sellers.
What about you? How do you feel about the future trend of EURUSD? Share in the comments!
EURUSD: On the 1 year HL support. Rebound expected.EURUSD turned oversold oversold on its 1D technical outlook (RSI = 28.128, MACD = -0.006, ADX = 71.753) as the price even crossed under the 0.618 Fibonacci level and is approaching the HL Zone, the lower level of which started 1 year ago (on the October 3rd 2023 low). The 1D RSI is oversold for the 3rd time since then, which is alone a huge bullish signal. We expect at least a short term rebound to test the 1D MA50 (TP = 1.09800).
See how our prior idea has worked out:
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EUR-USD Support Ahead! Buy!
Hello,Traders!
EUR-USD is falling down
But the pair will soon hit
A horizontal support of 1.0770
From where a local bullish
Rebound is to be expected
Buy!
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Check out other forecasts below too!
EUR/USD calm as Lagarde says disinflation on the right trackThe euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0806, down 0.07% on the day. Earlier, the euro fell as low as 1.0800, its lowest level since Aug. 2.
The European Central Bank has been aggressive in its rate-cutting cycle and has trimmed 75 basis points this year. The key interest rate has been brought down to 3.25%, its lowest level since February 2023. There is room for further cuts, as the eurozone economy is struggling and inflation has dropped to 1.6%, comfortably below the ECB’s target of 2%.
ECB members are sounding optimistic about deflation, which is necessary for the central bank to continue cutting rates. ECB Governing Council member Peter Kazimir said on Monday that he expects inflation to drop to the 2% target in 2025. Kazimir said he was “increasingly confident that the disinflation path is on a solid footing”.
This optimistic view was echoed by ECB President Lagarde on Tuesday. Lagarde reiterated that she expected the inflation target to be reached in 2025 and that the inflation numbers were “relatively reassuring”. Still, Lagarde added a note of caution, saying that services inflation was at 3.9% and the inflation battle was not yet won.
The Federal Reserve is expected to continue cutting rates in the final two meetings of the year, but by how much? The Fed showed its aggressive side last month when it started its rate-cutting cycle with a jumbo cut of 50 basis points. San Francisco Fed President Mary Daly said on Monday that the September rate decision was a “close call” and she expected further rate cuts in order to prevent the labor market from continuing to weaken.
EUR/USD tested resistance at 1.0833 earlier. Above, there is resistance at 1.0854
1.0793 and 1.0772 are providing support
EURUSD The Target Is UP! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0807
Bias - Bullish
Safe Stop Loss - 1.0748
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0902
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Best Level to Short USDCAD TP +260 pips🔸Hello traders, let's review the 8hour chart for USDCAD today. Strong
V-shape recovery in progress off the lows, however sentiment getting
extremely overbought and also we are closing in on heavy overhead supply.
🔸Key mirror S/R detected at 3620, bears will target this level on the
re-test so it's a logical target for the short sellers from overhead resistance.
🔸Recommended strategy for USDCAD traders: focus on short selling high near 3880 price cluster SL fixed at 60 pips TP1 +140 pips TP2 +260 pips final exit at 3620. Expecting rejection from overhead resistance and re-test of
the mirror S/R level at 3620. good luck traders.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Levels discussed on 22nd October Livestream22nd October
DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20.
NZDUSD: Sell 0.6015 SL 20 TP 40
AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60
GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50
EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level
USDJPY: Buy 151.15 SL 40 TP 65
USDCHF: Sell 0.8630 SL 10 TP 20
USDCAD: Buy 1.3860 SL 20 TP 60
Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
EURUSD: Strong Bearish Bias! 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 1.08016
Wish you good luck in trading to you all!
EUR/USD Technical Analysis: (READ DESCRIPTION)EUR/USD Technical Analysis: Bearish Momentum in Focus
Pivot Point: 1.0840
The pivot point at 1.0840 acts as a crucial resistance level for the EUR/USD pair. As long as the price remains below this level, a bearish outlook is favored in the near term.
Our Preference: Short Positions
Recommended Trade:
Short positions are preferred as long as the price stays below the 1.0840 pivot. The expectation is for a downward move toward key support levels.
Target Levels for Downside Movement:
First Target: 1.0800
This is the initial support level, where traders may consider taking profits or evaluating a potential further decline.
Second Target: 1.0780
If the first target is breached, the pair could extend its losses toward 1.0780, signaling further downside pressure.
Alternative Scenario: Upside Risks
If the price rises above 1.0840:
Bullish Outlook:
First Target: 1.0855
Second Target: 1.0870
These levels represent potential resistance areas that could be tested in the event of a bullish reversal.
Technical Insights:
Bearish Signal:
As long as the resistance at 1.0840 remains intact, the likelihood of a break below 1.0800 is significant. The downside momentum appears strong, with the price struggling to breach higher resistance levels.
EURUSD Swing longWe've had a nice long downward move on this pair and I think it's about time for a new leg upward. Start to buy this pair around here. As you can see from pervious lows there's no real rush, it tends to wallow before making a a bigger move. DCA / Grid (Mean reversion) entry approach to this trade.
EURUSD Is Trading Under The Pressure Of A Strong DollarHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08600 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08600 support and resistance area.
Trade safe, Joe.
EURUSD Multi Timeframe Analysis 22.10.2024Not much has changed since yesterday so will follow the same plan
15m Swing, Internal Bearish
Corrective push to the upside but I don't think it will last. Nearest 15m supply to look for shorts marked on the chart. Looks like price creating more internal liquidity before targeting 15m Swing weak.
Heading into 61.8% Fibonacci resistance?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0849
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.0869
why we like it:
There is a pullback resistance level.
Take profit: 1.0810
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
