EURUSD - Technical Analysis [Short Setup]🔹 EURUSD Analysis on 1HR chart
- The current Trend is BULLISH
- there is Bearish divergences
-Rising Wedge reversal pattern is form
🔹 Trade Plan
- Entry Level = 0.67295
- Stop Loss = 1.11500
- TP1 = 1.11030
- TP2 = 1.10790
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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Eurusd-4
EURUSD / Bullish Movement or Correction before FED Rate EURUSD
The EUR/USD chart shows the price currently trading near the pivot line at 1.11293. The potential next direction suggests a bullish movement if the price successfully breaks and closes above the pivot line, aiming for the resistance level at 1.11947 and potentially higher towards 1.12403.
If the price fails to break above the pivot line, it may retest and move back toward the support level at 1.10750, This level acts as a key support, indicating a potential bearish correction if breached.
Key Levels:
Pivot Line: 1.11293
Resistance: 1.11947, 1.12403
Support: 1.10750, 1.10001
Trend:
Uptrend while above 1.1129
EURUSD BULLISH SETUPOn the daily timeframe, the EUR/USD price has reversed once again toward the resistance zone from the key highlighted level. Additionally, we see that on the daily timeframe, the price confirmed a bullish breakout from the bull flag pattern. This breakout has the potential to drive the price upward toward the next resistance level near 1.1245.
GBP/USD : Another Fall Ahead ? (READ THE CAPTION)By analyzing the GBPUSD chart on the 4-hour timeframe, we can see that after a recent correction, the price has once again reached the significant supply zone we've marked on the chart. I expect to see a price correction from this area soon. Wait for a suitable trigger. (This analysis will be updated)
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Best Regards , Arman Shaban
EURUSD extends uptrend due to dollar weakness
EURUSD advanced to the 1.1140 level after breaching the descending channel’s upper bound as the dollar’s weakness intensified. EMA21 is widening the gap after golden-crossing EMA78, indicating an apparent bullish signal.
If EURUSD holds above EMA21, the price could gain upward momentum toward the 1.1200 resistance. Conversely, if EURUSD fails to keep the 1.1100 support, where EMA21 intersects, the price could fall further to 1.1050.
Levels discussed on livestream 17th September 17th September
DXY: Ranging between 100.60 and 100.90
NZDUSD: Buy 0.6220 SL 25 TP 50 (Hesitation at 0.6245)
AUDUSD: Buy 0.6740 SL 20 TP 40
GBPUSD: Look for test and reject of resistance area, Sell 1.32 SL 30 TP 80 (COUNTER TREND)
EURUSD: Buy 1.1145 SL 20 TP 55
USDJPY: (IHS) Buy 141.55 SL 60 TP 180
Trend Following: Sell 140.10 SL 30 TP 70
USDCHF: Sell 0.8420 SL 30 TP 45
USDCAD: Ranging 1.3565 and 1.36
Gold: Currently at 2584, could trade higher to 2600
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11200 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11200 support and resistance area.
Trade safe, Joe.
EURUSD H4 | Beasrish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1150, which is a pullback resistance and a 78.6% Fibonacci retracement.
Our take profit will be at 1.1075, an overlap support level.
The stop loss will be at 1.1201, a swing-low high resistance level.
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Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support.
Pivot: 1.1150
1st Support: 1.1071
1st Resistance: 1.1201
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EUR/USD Rally: Weak Fed, Cautious ECBThe EUR/USD pair broke above the 1.1100 level due to weakness in the US dollar, driven by expectations of a rate cut by the Fed. The Dollar Index (DXY) is declining, while US and German yields have dropped. The ECB, on the other hand, has shown caution regarding future rate cuts, supporting the euro. Key resistance levels for EUR/USD are 1.1137, 1.1155, 1.1201, and 1.1275. Support lies at 1.1071, with further levels at 1.1030 and 1.1001. The RSI is near 67, suggesting a potential overbought area, but the bullish trend remains intact as long as the price stays above the 200-day moving average. If the dollar continues to weaken, EUR/USD could target 1.1155 and beyond. Conversely, a break below 1.1071 could indicate a correction toward 1.1030 and 1.1001.
Euro jumps to 10-day highThe euro has posted strong gains on Monday. EUR/USD is trading at 1.1126 in the North American session at the time of writing, up 0.49% today. The euro is at its highest level since Sept. 6.
It’s a quiet day on the data calendar, with no tier-1 events. In the US, the Empire State Manufacturing index rebounded to 11.5 in September, much higher than the August reading of -4.7 and the market estimate of -3.9. This was a shocker as the manufacturer index had contracted nine straight times before today’s reading.
Tuesday will be busier, with German ZEW economic sentiment index and US retail sales. German ZEW economic sentiment plunged to 19.2 in August, down from 41.8 in July. The market estimate for September stands at 17.1. US retail sales are expected to fall to 2.2% y/y in August, down from 2.7% in July.
This week’s key event is the Federal Reserve meeting on Wednesday, with a 25 basis-point cut practically guaranteed. Will the Fed opt for an oversize 50-bps cut or play it safe with a 25-bps move? The rate cut odds continue to swing wildly. After last week’s producer price index reading, the odds of a 50-bps point cut soared to 41%, up from just 13% before the release, according to the CME’s FedWatch tool. That has increased to 59% today.
The uncertainty over what the Fed will do could last right up to the wire. The Fed is in a quandary as it needs to balance the risk of inflation moving higher against the recent weakness in the labor market. A modest 25-bps cut may not be sufficient to improve the employment picture, while a 50 bps cut might send a message that the Fed believes the economy is in deep trouble.
EUR/USD is testing resistance at 1.118. Above, there is resistance at 1.1160
There is support at 1.1060 and 1.1018