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Eurusdanalysis

EUR/USD Faces Potential Losses Below 200-Day SMA Amid Weaker PMIThe EUR/USD currency pair is testing the critical 1.0800 region, with potential further losses expected below the 200-day SMA. Preliminary PMI data shows manufacturing resilience but weakness in services in key Eurozone countries. A soft technical outlook and extended losses near the 200-day moving average underline the pair's vulnerability. Key support and resistance levels must be closely monitored, as the current trend indicates a continued downward trajectory. Market sentiment and economic data are driving these dynamics. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Downward TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.0800 ✅TAKE PROFIT: 1.0750 ❌STOP LOSS: 1.0835 ANALYSIS: With the combination of soft PMI data and a weak technical outlook, the EUR/USD pair seems set to continue its downward trend. The significant 200-day SMA has been tested, and a breach below this level could instigate further losses. Support levels identified at 1.0750/1.0775 and resistance at 1.0835/1.0845 set clear parameters for the trade. FINAL THOUGHTS: The current market sentiment and technical analysis point toward a potential sell opportunity for EUR/USD. A well-defined trade plan, with a close watch on key support and resistance levels, will be essential in navigating this opportunity. The trade reflects both immediate market reactions and future financial implications, demanding a strategic and vigilant approach.
Short
by RichDadph-FX
EURUSD Technical Analysis and Trade IdeaThe EURUSD has exhibited a bearish trend over an extended period. As we approach high-impact calendar events today that hold the potential to sway the euro's performance, an uptick in market volatility is anticipated. I am actively identifying potential entry levels, and my attention is fixed on a critical resistance threshold. If today's events result in negative data, there's a likelihood of witnessing an upward liquidity sweep towards the resistance level outlined in the video, offering a potential selling opportunity. It's important to note that all details are explained in the video; however, this content should not be misconstrued as financial advice.
Short
by tradingwithanthony
1
DeGRAM | EURUSD short from kill zoneEURUSD is moving in a descending channel. It bounced off the support, following the bullish divergence. The market is in a bearish trend, so there is a kill zone where we have a fibo cluster and round number 1.09100. On the daily timeframe, we have doji bars indicating indecision or consolidation. We expect a rebound from the kill zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
8
EURUSD Technical Analysis and Trade IdeaThis video provides a quick analysis of the EURUSD. The currency pair has been experiencing a notable downward trend marked by considerable momentum. Throughout the video, we discuss the trend, support and resistance levels, price action, market structure, and a potential trade opportunity. It's important to emphasize that this content is strictly intended for educational purposes and should not be interpreted as financial advice.
Short
by tradingwithanthony
3
EURUSD 4H SHORTSAs per my previous post I am currently bearish on EURUSD, at least on the 4H. Price delivered nicely to the previous target and it now seems to be retracing. I have highlighted 2 areas of interest where I expect price could bounce off and continue its bearish push. The plan is to wait for price to tap into those zones and then switch to a lower timeframe to look for entries. Keep in mind price could just as well move much higher and I would easily switch my sentiment if price breaks above the higher zone.
Short
by udonahi
EU - Weekly Timeframe Analysis (ICT)Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there. The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG. Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
by Road_2_Funded
EU - Monthly Timeframe Analysis (ICT)Last month we saw a sharp rejection after taking out a monthly high and monthly open. Currently no body has closed below the monthly FVG/Sibi. I would be interested to see if price is drawn to take out the previous month's low, and if so, how does it react afterwards. If it takes out the second monthly lows, then the monthly FVG/Sibi would be a nice objective. Price seems to be delivered efficiently at the monthly -OB, so I would be curious to see if price will be drawn back up there for a higher target. Overall, no solid bias on my side.
by Road_2_Funded
1
EURUSD Analysis - Potential LongThis is a potential long setup on EURUSD. I do believe we are gonna start seeking higher prices either CPI today, or PPI tomorrow. The only other alternative is a drive lower to hunt for liquidity, push the bearish sentiment to the masses, and then crawl back up whilst taking out anyone looking for an opportunity to get in short. Both are valid ideas. Only thing I am confident about is that we will be heading up sooner or later, and this isn't the end of the road. This setup is based on price not breaking the current low. I used GBPUSD as confluence. The POI is an Orderblock on multiple timeframes. That is the only clear area I can see for a possible retracement, faking a bearish move and heading higher very... VERY... rapidly. Time and price will offer more clues. Best bet is wait for the high impact news to show the true colours of the market, then get in from there. Other than that, it would be a gamble. R2F
Long
by Road_2_Funded
EURUSD Analysis. plan for next week.Hello Everyone. I want share my idea about EURUSD pair. After pretty bullish movement we have clear bearish movement. Friday we had some pretty bullish movement then it touch to trendline and got strong rejection, but it stopped at the support which is at 1.10. In my opinions this pair is still bullish, if we look at DXY index we will see some interesting movements, next week will be crazy for US Dollar we have some big news which will show us real movement of dollar. I am still looking to dollar bearish because on high timeframe its going to show us new high which will be the best entry for all pairs for long, for this pair will be great opportunity for open our long position. I think this little bearish movement will continue it will go into high volume area and from here we will see another big move. Why i think that, on US Dollar index is bearish which i think in this month will retest big support zone at 98.000, for that all pair of dollar will retest their strong resistances. Here is my 3 simple price movement of this pair. Bullish 1/1 - price has huge reaction from little support LVL at 1.10 brake daily bearish trendline and going up. Bullish 1/2 - price brake support at 1.10 coming into high volume area and from here starting strong move upside. Bearish 2 - price movement downside is strong it coming into high volume area, brake daily support and weekly trendline, then retest it and with huge move its coming down. Be Patient!!! Make your chart simple!!!
Long
by elmakacho
EUR/USD Market Dynamics: Comprehensive Analysis for Sept. 2023The EUR/USD market analysis reveals a complex landscape in September. Concerns over the Euro's weakness are raised by prominent institutions, while key support levels hold. The contrast between the US and the Eurozone's economic situations and concerns over inflation drive market sentiment. Scotiabank's analysis indicates potential gains above 1.10, but the market faces near-term uncertainties. Traders are eyeing upcoming economic data to shape their strategies. ANALYSIS: Fundamental Analysis: The Eurozone's economy is showing signs of weakening, and there's potential speculation about a rate cut. The uncertainty surrounding ECB policy contrasts with a relatively more robust economic outlook in the US. Technical Analysis: EUR/USD is currently trading near resistance at 1.0990. The 55-day and 100-day SMAs at 1.0930 and 1.0924 provide interim support, with significant support at 1.0912. Resistance at 1.1040/45 acts as a crucial barrier. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Range-bound with a downside bias TRADE SIGNAL: SELL (Based on the Eurozone's economic weakness and technical resistance levels) 👉ENTRY PRICE: 1.0990 (Current resistance level and near-term high) ✅TAKE PROFIT: 1.0912 (August low, representing a key support level) ❌STOP LOSS: 1.1040/45 (Potential bullish trigger, marking a critical resistance area) The collective analyses paint a mixed picture for EUR/USD, with underlying economic fundamentals and technical indicators guiding market sentiment. As September approaches, traders and market strategists will closely monitor key economic data and central bank positions, balancing optimism with caution in the face of potential challenges for the Euro. Attention to these factors will likely be instrumental in shaping trading strategies and investment decisions for the EUR/USD currency pair in the coming month.
Short
by RichDadph-FX
EURUSD Analysis 7Aug2023At the end of the week, the trendline is holding steady and there are limits to the potential returns. However, we can observe that the bearish trendline has been positively responded to three times, which is often a signal that the bearish trend is still dominant. Additionally, there is a liquidity area (highlighted in yellow) below SND that typically receives a positive response from the price in the future. It is likely that the price will fall further than the liquidity area.
by Hokusai_FX
An important swing low has formed on EUR/USDEUR/USD formed a bullish pinbar last week, and Friday's bullish range expansion formed part of a 3-day bullish reversal (morning star pattern). It appears an important swing low formed on Thursday, and any pullback towards Thursday's high will catch our bullish interest. Prices are flirting with a break below 1.10 ahead of the European open, and perhaps we'll see a bearish spike or two before bullish momentum returns, although prices are holding above the weekly pivot point. AN initial target is 1.1020, then on to Friday's high.
Long
by CityIndex