🗺️EURUSD Roadmap🗺️🏃 EURUSD is moving near the 🔴 Heavy Resistance zone($1.11850-$1.0980) 🔴,the Resistance lines .
🌊According to Elliott wave theory , EURUSD is completing Corrective Waves in the 1-hour time frame.
🌊The structure of correction waves is Zigzag(ABC/5-3-5) type.
🔔I expect EURUSD to start falling to 🎯 Target 🎯, 🟢 Support zone($1.0800-$1.0756) 🟢 and Uptrend line .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Eurusdanalysis
💡 EURUSD: Forecast December 20EURUSD price action hasn't changed much, we see the price still trading around the daily and weekly resistance zones. Currently there is no signal of price reduction so it is impossible to sell.
For the time being, please continue to monitor this current resistance area. If the price forms a nice sell-down signal or in a low time frame you see the price changing trend, you can also consider it. sellable.
💡 EURUSD: Forecast December 19After falling sharply from the 1.10 resistance area and creating a bearish signal (rail pattern) on the daily, EURUSD had little fluctuation in the past session, with no significant changes. As mentioned, short-term rallies will give bearish bettors more advantageous entry points, you can wait to buy at the resistance zone.
💡 EURUSD: Predicted December 18After approaching the target price range around the 1.1000 barrier, the price fell sharply in the past session, losing most of the previous session's gains and creating a rail pattern on the daily. This behavior shows that the price may peak at 1.1000. Expect the price to soon test the lower boundary of the down channel. However, those who want to reverse should wait after small rallies for a better entry if want to sell now.
💡 EURUSD: Waiting for FOMCThe buying force returned in the last session, and although it once surpassed the old peak around 1,081, it could not maintain above this price level, the selling force returned and created long candle shadows above, the behavior This price shows that there is still a significant struggle around this resistance level. You continue to observe to see if the price will break the upper or lower boundary of the range before taking action.
We can setup Buy limit . Stop loss is necessary
💡 EURUSD: Forecast December 11After creating a bullish signal around 1,075, the price did not continue to increase but slid back down. It has now broken the support at 1,075 and created a new low. Although the long lower shadow shows that buying pressure has returned, this signal is not strong.
You can consider a SELL order. Stop Loss is necessary
💡 EURUSD: Next predictionThe price fluctuated low in the past session, continuing to fluctuate around the resistance level of 1,075 and has not created any significant signals. However, the downtrend is still safe, the bulls have not yet created outstanding points
You can Sell Scalp and set SL to avoid risks
💡 EURUSD: Continued declineEURUSD continues to fall sharply and has had six consecutive losing sessions. By this time, more oversold signals have appeared. In addition, the 1.075 resistance zone is also an important resistance zone. Please pay attention to observe the signs. Price behavior here, if there is a signal of price increase, you can consider buying again. In case it is broken, the price will likely adjust sharply down, towards the resistance area around the 1.0500 threshold.
EURUSD → Nearing Support! Is it Time to Long!? Let's Answer.EURUSD rejected nicely off of the Resistance Zone at 1.10 and fell to 1.07300! If you shorted at the Resistance Zone per my last analysis, hold that short! It's reasonable to take profits here around 1:1 Risk/Reward and swing the latter half, but will we make it to the bottom?
How do we trade this? 🤔
If you're not currently in a trade, I would wait until the price falls closer to the Support Zone and bounces or wait for it to break Resistance and long above it. Look to enter a long in the 1.06 area if a strong bull signal and confirmation plays out and trade a 1:2 Risk/Reward taking profit just shy of the Resistance Zone. Your protective stop should be below the Support Zone giving you a clear 1:2 Risk/Reward!
💡 Trade Idea 💡
Long Entry: 1.05800
🟥 Stop Loss: 104.100
✅ Take Profit: 1.09200
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Rejection at the Resistance Zone, Run Short to 1.06.
3. Look for Support at Support Zone 1.054.
4. Look for Reversal Pattern, Bull Signal and Confirmation.
5. RSI at 45.00 far below Moving Average, Bias to Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the specified key level and if it cannot break this level and this level plays the role of a support level, we expect the price to grow up to around 1.08400. Good luck.
💡 EURUSD: Forecast ADP-Nonfarm EURUSD is approaching the support zone on the daily frame around 1.0755, and you can see that the current price trend is bearish and the current structure on the H4 frame is bearish because the previous bottom is clearly broken.
However, the price action is not moving very well, the price forms quite weak and unclear price pushes as well as pullbacks. More importantly, there is no really strong peak to be seen. Strong latch to hold the price. In market moving conditions like this, as long as the most recent small peak in that price decline is broken, the possibility of the market reversing is quite high or at least forming a deep pullback.
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase.
Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis.
Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
EurUsd could rebound from support zoneAs anticipated, EUR/USD rose and reached the significant 1.1 threshold. Right after testing this resistance level, the pair experienced a sharp decline, plummeting by more than 200 pips within a few days, suggesting the possibility of a market top.
Currently, the pair is trading just above the support level (1.0760-1.0770 zone). In the short term, there's potential for a rebound, leading to a correction of the recent downturn and a rise to the 1.09 zone.
For more conservative traders, this rebound could serve as a selling opportunity, anticipating a breach of the support level and a subsequent decline toward the 1.05 zone.