EURUSD Multi Timeframe Analysis 21.10.202415m Swing, Internal,Fractal Bearish
We now have mitigated the premium of the 15m swing structure
What expected is, internal 15m bearish order flow to continue and internal unmitigated supply to hold. Or Asia high get swept and bearish momentum kick in. But we are now in Daily internal unmitigated demand zone and bullish reaction is very likely.
On my analysis from Friday, I said Friday's Daily candle could close as inside bar and that happened. What I now expect is, price to mitigate upper 4H Supply and also 15m Supply nested in 4H Supply, give us another 4H fractal fake bullish break, sweep the low, use as fuel for bullish leg. But as we trade the fact and not the expectations, that is my long plans once HTF switched to Bullish, and I will look for quick shorts once 4H supply mitigated or follow the 15m bearish of once i am convinced.
Eurusd-4
EURUSD H4 I Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.0865 an overlap resistance.
Our take profit will be at 1.0833, an overlap support.
The stop loss will be placed at 1.0897, which is an overlap resistance."
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#EURUSD - 21 OctI was bullish EURUSD on Friday, despite the many days of selling in EURUSD and the plan given worked perfectly. I said EURUSD will see a move higher to 1.0863 before any down move would occur. Indeed, EURUSD trended up over 40 pips for the day, closing at 1.0863 as given. And today it hit the strong level at 1.0873. Is sell coming? Is this just a pullback before further downside or will we see further upside?
1.0873 strong level traded could see a pullback, but overall, I am cautiously bullish for another move higher. Look for longs at 1.0837/47 for a move higher, to 1.0900.
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot point which is a pullback resistance and could reverse to the 1st support level which acts as an overlap support.
Pivot: 1.0896
1st Support: 1.0834
1st Resistance: 1.0955
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EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart!
After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows.
-The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now.
Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things:
*23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below
*38.2% Level sits right in the center of the Resistance Zone created from the March Highs
*50% Level is at the Higher Low that was Broken to Confirm the Double Top
I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down!
Potential Set-Up: Sell Entry
1.09058 (23.6%) - 1.09647 (38.2%)
SL - 1.10112 (50%)
TP - 1.0665
EUR/USD Eyeing Key Resistance Zones for BreakoutEUR/USD has been on a steady upward trajectory, supported by a clear trendline that has provided consistent buying interest. The current structure indicates a potential bullish continuation after a brief consolidation or pullback.
The pair is now targeting key resistance levels at 1.09012 and 1.09365. The first challenge for the bulls is breaking through 1.09012, a strong resistance that has been tested previously. A successful breach of this level could lead to a rapid move towards the major resistance at 1.09365.
The chart suggests that any retracement towards the trendline or the dashed horizontal support will likely attract more buyers, offering a high-probability setup for further upside. Should this retracement occur, buyers might seek opportunities near 1.08552 before attempting another push higher.
If the price breaks above 1.09365, we could see a continuation of the broader bullish trend, potentially heading towards 1.1000 or higher. However, failure to maintain the upward momentum around these key resistance levels could lead to a deeper correction.
We should watch for price action around 1.09012 for confirmation of a breakout, while keeping an eye on the trendline as a guide for support.
EUR/USD Pauses After Four-Day Slide as USD Rally EasesThe EUR/USD pair takes a breather on Friday, following a prolonged four-day losing streak, as the US Dollar's (USD) strong rally shows signs of slowing. The Euro attempts to stabilize after a tough week, with the pair hovering slightly higher, supported by a momentary pause in the USD’s upward momentum. Despite this pause, the outlook for the Greenback remains positive, particularly after Thursday’s encouraging US economic data, which continues to reinforce the idea of a resilient American economy.
USD Momentum Eases After Strong Economic Data
The US Dollar has experienced a robust run in recent weeks, driven by a strong economy and expectations of higher interest rates from the Federal Reserve. However, the rally took a pause on Friday, despite the release of better-than-expected US economic data. September’s Retail Sales increased by 0.4%, surpassing market forecasts, while the Initial Jobless Claims for the week ending October 11 came in lower than anticipated at 241,000, compared to an expected 260,000. These figures underscored the strength of the US labor market and consumer spending, further bolstering the Federal Reserve’s stance on maintaining elevated interest rates.
Even though the positive data continues to favor the USD, the currency’s upward trajectory has temporarily slowed, allowing the EUR/USD pair to consolidate after a sharp decline earlier in the week. This pause in the Greenback's rally offers the Euro some relief, though the broader trend remains USD-favorable in the near term.
Technical Outlook: EUR/USD Prepares for a Potential Rebound
From a technical standpoint, the EUR/USD pair is showing early signs of a potential bullish rebound. The pair has bounced from a critical demand area, suggesting that buying interest is emerging at these lower price levels. Furthermore, the Commitment of Traders (COT) report reveals a significant divergence between retail and institutional sentiment. While retail traders remain predominantly bearish, large institutional investors—commonly referred to as "smart money"—have begun to increase their long positions on the Euro. This discrepancy in positioning could signal a reversal in market direction, potentially favoring the Euro in the near term.
Seasonality patterns also support a possible recovery in the EUR/USD, as historical data suggests that the Euro tends to perform well during this period of the year. Taken together, the technical indicators and seasonal trends point toward a possible bullish setup, where traders might look to enter long positions, anticipating further upside movement.
Conclusion: EUR/USD Seeks Stability as USD Rally Temporarily Stalls
The EUR/USD pair has found some much-needed support after several days of losses, as the relentless USD rally slows down following strong US economic data. Despite the positive fundamentals supporting the Greenback, technical indicators hint that the Euro may be on the verge of a recovery. The rebound from key demand levels, coupled with institutional long positioning and supportive seasonality, suggests that the EUR/USD could be setting up for a bullish move. Traders should remain vigilant, as the pair’s next move will depend on evolving market conditions and the upcoming data releases that could further influence the direction of both currencies.
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EURUSD 20/10/24Following the bias we had on the Euro last week, the same outlook remains in place. Our high time frame bias on the daily chart is clearly bearish, supported by a strong downward movement. All the indicators are aligning with further price declines, and as you can see, the institutional trajectory is also pointing lower.
We are looking for a potential pullback to the supply area, where we would consider selling to target lower prices. This area is marked on our chart. If price breaks through the supply zone, we would then expect a rise towards some of the liquidity positioned above. However, if price does not break through and continues to drop, the next level we anticipate price stalling at is 1.08000, a key level that could serve as liquidity for the last low placed on the daily timeframe.
As always, our markup is kept simple to help you stay on the right side of the market without overcomplicating things. Remember, a straightforward system can still provide a consistent directional bias. You don't need a complex strategy to achieve this.
Trade safely, follow your plan, and stick to your risk management.
NASDAQ - It's Not All Doom And Gloom...NASDAQ 2WEEK CHART
Red EMA = Weekly 50EMA
Blue EMA = Monthly 50EMA
Nasdaq is on a steady incline but with all good things, it must end... kinda. Every so often we get a big correction. The last time we got a correction was in early 2022 where we saw a drop of 38%! After the corrective period ended, we saw a climb of over 100%.
It is likely that we'll see a similar corrective period soon.
We have the Weekly EMA holding up price, which has been respected really well. We can use that as confirmation to tell us when the corrective period has started.
We also have the monthly EMA which we can use to gauge where we'll bounce off from. We could see another 30%-40% drop for the next correction, which will lead us nicely to the monthly EMA where we have seen a bounce previously.
We're still expecting price to move a little higher so we'll be keeping a close eye on this.
As to what will cause this correction is yet to be determined. Various fundamental factors can play a part such as War, Recession, Inflation etc.
If interested in receiving updates for this analysis, do drop a comment and we'll be sure to keep this updated!
Goodluck and as always, trade safe!
EURO - Price can make retest, after exiting, and continue growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to rising channel, where it reached $1.1080 level and broke it.
Then price some time rising in channel, until it reached resistance line, after which price started to decline.
In a short time, EUR exited from rising channel and continued to decline inside wedge, where it soo broke $1.1080 level.
Later, price fell to support line of wedge and then tried to grow, but failed and continued to decline.
After this, Euro broke $1.0905 level and fell to support line, but recently price bounced up, thereby exiting from wedge.
Now, I think that price can make a retest and then bounce up to $1.0940, thereby breaking resistance level.
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SasanSeifi| Key Levels to Watch in the Daily Timeframe!Hey there, ✌ FX:GBPUSD In the daily timeframe, as evident from the chart, after a bullish move, the price has struggled to break above the 1.34 level and, following a period of consolidation, has faced a downward trend. Currently, the price is trading around 1.30. The overall trend suggests a bearish outlook, and it’s expected that if the price breaks below the 1.30 level and confirms this breakdown, we could see it heading towards the target of 1.29500.
After this move, the price may enter a range-bound or minor consolidation phase before dropping further to the 1.28500 area and the demand zone around 1.28.
Alternatively, another scenario is possible where if the 1.30 level holds, and we observe confirmations in lower timeframes, the price could rise towards the FVG zone between 1.30200 to 1.32700 and potentially up to 1.33. In this scenario, after a slight rally and pullback, the price might return to the 1.30 and 1.29500 levels.
It’s crucial to closely monitor the price’s reaction to these levels for better insight into future movements.
This analysis is based on personal opinion and is not financial advice. Always conduct your own research before making any investment decisions. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
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EURUSD Stuck in a Range: Will the Oscillation Break or Hold?EURUSD has faced repeated resistance at the psychological 1.1200 level, unable to break through, leading to the formation of significant bearish candles. The pair remains trapped in a consolidation phase, with no clear breakout in sight. Meanwhile, the recent upward momentum of the DXY hints at mounting downward pressure on EURUSD. Given these factors, I anticipate continued oscillation within the current range, with my focus set on a downside target at the 1.10800 support level.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
EURUSD: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move down.
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EURUSD continues to maintain an increasing rangeConan, hello everyone.
Today, EUR/USD is maintaining its initial bullish bias below 1.0800, after closing the session with a steady gain above the intact bullish channel. The pair is supported by optimism over China's stimulus measures and a broad correction in the US dollar, which helped reverse the decline caused by the ECB's dovish decision.
On the other hand, any further upside is likely to face resistance around 1.0974, above which, it could trigger a short-term recovery and push EUR/USD towards the psychological level of 1.1020.
EUR/USD should buy or sell ?Hello everyone!
The EUR/USD pair has just broken a four-day losing streak and is currently hovering around 1.0840 in the Asian session on Friday. The recent decline has been largely driven by the strengthening of the US Dollar, with the greenback hitting a two-month high of 103.87 on Thursday. Despite the strong recovery, the market is now gradually shifting towards expectations that the US Federal Reserve (Fed) may cut interest rates soon, helping the EUR/USD pair recover slightly and minimize losses in the short term.
As seen on the 4-hour chart, the EUR/USD downtrend remains clear, however, the key support zone at 1.0810 and then 1.0777 is still holding. Moreover, a harmonic pattern has formed, signaling a potential reversal, at least towards the 1.0980 level, where confluence signals are emerging strongly.
Do you think this pair could reverse and rise again soon? Don't miss out on the exciting trading opportunities that await!
EURUSD Is Very Bearish! Sell!
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 testing a major horizontal structure 1.086.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.084 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURUSD: Market Is Looking Down! 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 1.08455
Wish you good luck in trading to you all!
HelenP. I Euro can break trend line and then continue to fallHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price some days ago rebounded from the resistance zone, which coincided with resistance 1 and started to grow. In a short time, EUR rose to resistance 2, which coincided with one more resistance zone (1.1170 - 1.1140), and even rose a little higher, but soon turned around and declined below. Next, the price some time traded below resistance 2, after which it later turned around and rose back to the resistance zone (1.1170 - 1.1140). Price some time traded in this area, until it reached the trend line, after which price started to decline. In a short time, the EUR broke the resistance level (1.1140) and continued to decline near the trend line. Later price reached the resistance zone (1.0925 - 1.0900) and soon broke resistance 1, after which made a retest and then continued to move down. At the moment price trying to break the trend line, and I expect that EURUSD will break this line, reach the resistance level, and then continue to fall to the trend line. That's why I set my goal at 1.075 points. If you like my analytics you may support me with your like/comment ❤️