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Eurusdanalysis

EURUSD: 1-Hour Set upMoving Averages: 20-period EMA (green), 50-period EMA (orange), and 200-period EMA (red) show a clearer short, mid, and long-term trend direction. The price is currently trading below the 200 EMA, which indicates that the overall trend is bearish. The price has moved above the 20 EMA and is challenging the 50 EMA, suggesting a short-term bullish reversal or retracement. RSI: The RSI is at 65.20, showing that the asset is approaching overbought territory. This indicates caution for buying positions but could also signal momentum for further upside. MACD: The MACD is showing a potential bullish momentum as the MACD line has crossed above the signal line. This suggests a possible continuation of the current bullish momentum. Resistance Zones: 1.1060: This is near the 200 EMA and could act as a strong resistance, especially considering that it aligns with previous price peaks. 1.1100–1.1120: The next key resistance area is visible, where the price previously stalled before making a sharp move down. Support Levels: 1.1020: This support aligns with the recent bounce, where the price reacted positively. If the price drops below this level, it could signal a further downside. 1.1000: A psychological round number and previous consolidation area, adding significance to this support. Buy Strategy (Pullback and Trend Continuation): Entry: Consider entering a buy trade if the price retraces towards 1.1020 (just above the recent support) and holds above the 20 EMA. Confirmation of a bullish entry could come from the MACD crossover (bullish), or a bounce from the RSI if it stays above 50. Stop Loss: Place a stop loss slightly below 1.1000 (around 1.0990) in case the price breaks down. Take Profit: First target: 1.1060 (near the 200 EMA). Second target: 1.1100–1.1120, if the price manages to break through the 200 EMA resistance. Risk Management: Since RSI is approaching overbought levels, enter cautiously and monitor the price reaction at the 1.1060 resistance zone. If the price breaks above the 200 EMA with strong momentum, hold on to the trade for a potential further move up. Sell Strategy (Trend Reversal): Entry: Enter a short position if the price fails to break through 1.1060 or stalls at the 200 EMA. This would confirm that the bearish trend is resuming after a retracement. A strong bearish candle at or near the 200 EMA can confirm the sell signal, especially if accompanied by a bearish crossover on the MACD or RSI turning lower from overbought levels. Stop Loss: Set a stop loss above 1.1100 (preferably around 1.1110) to cover any false breakout above the resistance level. Take Profit: First target: 1.1020 (short-term support). Second target: 1.1000, and potentially further down if the bearish momentum strengthens. Risk Management: The sell strategy works well in a continuation of the overall bearish trend, but always look for confirmation signals like price rejection at the 200 EMA or bearish divergence on the RSI and MACD. Buy Setup: Buy near 1.1020 with targets at 1.1060 and 1.1100, especially if price remains above the 20 and 50 EMAs. Sell Setup: Look for a short near 1.1060 or below 1.1100 with a stop above, targeting 1.1020 and potentially 1.1000.
by thepoorextrader
EURUSD Analysis : Daily/H4 Moving Averages: The 20-period EMA (green line) and 50-period EMA (orange line) are closer to the price and show short to mid-term trend directions. The 200-period EMA (red line) represents the longer-term trend. Currently, the price is above the 200 EMA, indicating a bullish long-term trend. Relative Strength Index (RSI): RSI is slightly below 50 (48.05), indicating a neutral or weakening momentum. This suggests a period of consolidation or a potential reversal. MACD: The MACD line is crossing below the signal line, hinting at a possible bearish signal. Resistance Levels: The nearest resistance zone appears to be around 1.1150, where the price was recently rejected. This level aligns with the recent peak. The next significant resistance is around 1.1250, which is a key level from past market behavior. Support Levels: Immediate support is found near 1.0950, close to where the 50-period EMA (orange line) is. A stronger support lies around 1.0850, where the 200-period EMA (red line) aligns, and where price found support previously. Buy Opportunity: If the price pulls back to the 1.0950 or 1.0850 support area and holds, it could be a good opportunity to buy, especially if confirmed by a reversal pattern (e.g., a bullish engulfing candle) and a positive crossover on the MACD. Sell Opportunity: Given the weakening momentum on the MACD and RSI below 50, a break below 1.0950 could signal a selling opportunity. In that case, targeting 1.0850 for short-term profit would make sense. Trend Following (Pullback Strategy): If the price pulls back to 1.0950 or 1.0850, wait for confirmation (e.g., a bullish candle pattern) and enter a buy trade. Set the stop loss below 1.0850 (preferably around 1.0800) in case of a false breakout. First target would be 1.1150, with the second target around 1.1250 if the uptrend continues. This strategy aligns with the long-term bullish trend indicated by the 200 EMA. MACD + EMA Strategy: Enter a short position if the price breaks below 1.0950, with MACD confirming a bearish signal (negative crossover). Set the stop loss above the 50 EMA (around 1.1000). First target would be 1.0850, with a potential extension to 1.0750 if bearish momentum increases.
by thepoorextrader
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion. What are your thoughts?
Long
by OfficialKieranTrewick
1
Weekly Trade Planning SessionIn today's session, I will be analyzing the USD/JPY, GBP/USD, CAD/JPY, and EUR/USD pairs. The framework I follow includes: Portfolio selection Currency ranking Multi-timeframe analysis. Below is the portfolio selection for this week: AUD/CAD: Bearish (-5%) AUD/JPY: Bearish (-59%) AUD/USD: Bullish (17%) CAD/JPY: Bearish (-54%) EUR/CAD: Bullish (16%) EUR/JPY: Bearish (-38%) EUR/USD: Bullish (38%) GBP/JPY: Bearish (-17%) GBP/USD: Bullish (59%) USD/CAD: Bearish (-22%) USD/CHF: Bearish (-63%) USD/JPY: Bearish (-76%) Happy Trading!
by Charts247TradingAcademy
DeGRAM | EURUSD reached the correction levelEURUSD is moving in a descending channel between trend lines. The chart maintains a downward structure. The price has reached the dynamic support, the lower boundary of the channel and the support level coinciding with the 62% retracement level and is now above it. The dynamic support has already acted as a rebound point. We expect a rebound after consolidation above the dynamic resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
5
EURUSD, Ready to fall ?Hello Traders, Hope you are doing great. for upcoming week, we'll probably see the continuation of upward movement to Specified Red zone at first, and after that we'll probably see a fall to specified dashed lines. so with a proper trigger we can open a short position. we also have regular divergence in 4H and Hidden Divergence in Weekly time frame. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
Short
by aminrzb
17
EURUSD at a Tipping Point: Explosive Breakout or Breakdown?Is the EURUSD on the verge of a major breakout, or are we heading for another disappointing retreat? Once again, we’re sitting above the 1.10 zone, and the price has moved into the upper range territory. Since early 2023, EURUSD has been stuck in a weekly range between 1.05 and 1.104, with only one quick rally to 1.12 that was quickly faded. Are we finally ready to see a clear breakout higher, or will the price fail again and fall back into the range? Let's take a closer look at what the charts are indicating. Zooming into the daily charts, we can see the range more clearly. Yesterday, the price spiked up to create a new high for the year before quickly selling off (see image below). Shifting to the 4-hour charts and adding the MACD indicator, a clear bearish SELL signal has appeared, indicating that buying momentum is beginning to fade. Given the HTF price zone we’re in, a sell-off to at least 1.093 seems likely. Now, I’m waiting for my TRFX indicator to give a sell signal on the 2-hour or 4-hour timeframe. The first target for this position is 1.093. I’ll then re-analyze the price action at that level. If selling momentum picks up, a deeper correction toward the bottom of the range could be on the cards. My stop loss will be set above 1.11. This week's WEEKLY candle close will be crucial. If we get a clear break and close above 1.105, a move up to 1.12 is highly likely. I’ll be closely watching for any reaction to the US GDP today. If the above scenario plays out, I will shift my strategy from selling to buying on any short-term retrace to 1.105, targeting 1.12. For now, it's a short setup until the market indicates otherwise. If you enjoyed the read, hit the boost button :)
Short
by TheFxAce
8