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Eurusdanalysis

EURUSD 4HR Bearish ProjectionThe current analysis of EURUSD indicates a downward trend. Yesterday, it broke a significant support level and closed below it. While a temporary reversal may occur before the bearish movement continues, it's important to note that the DXY (US Dollar Index) has surpassed a major resistance level. This development suggests that EURUSD is likely to decline further towards the 1.05553 price zone, which represents the next significant support level in the coming weeks. It's crucial to remain aware that market conditions can shift unexpectedly. If the price manages to surpass the extended trendline and break above it, my bias would change. However, as of now, I maintain a bearish outlook on EURUSD. What's your thought on this? Kindly comment below
Short
by Popeson
2
#Euro Crumbles as USD Bulls Push On, Up Next $1.0500?Past Performance The immediate trend is resoundingly bearish and is apparent in the daily chart. Despite earlier attempts by Euro bulls, gains were quickly reversed as USD pressed on. As it is, there may be more losses today as price action aligns with last week's trend. #EURUSD Technical Analysis The sharp drop on May 24 shows that USD bulls are firmly in control. Prices are now trending lower, retesting last week’s lows meaning every attempt higher may be an opportunity to double down. Notice that bear bars are riding the lower BB. It points to intense liquidation pressure. Therefore, with prices dropping, traders may ride the trend as long as $1.0850 or May 18 highs hold. The short-term target is $1.0500, or March 2023 low. What to Expect? The trend is clear, and bears are dominant. As USD bulls push harder in a breakout, traders may position themselves for more losses as bears press on. This preview is valid as long as prices are below May 18 highs. Resistance level to watch: $1.0850 Support level to watch: $1.0760 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Euro Remains Bearish Despite Gains, Resistance at $1.0850Past Performance Euro prices edged higher on May 22. However, bulls didn't peel back the losses of May 18. As such, the downtrend remains, and the bearish bar of the second half of last week shapes the immediate trend. Resistance remains at around $1.0840 while support is at $1.0760, marking May 19 lows. #EURUSD Technical Analysis Price action remains tepid, with no strong push above or below critical levels. Given the sharp drop of last week, sellers have the upper hand. Therefore, traders can look for shorting entries on every attempt toward $1.0840. However, if bulls push, and the expansion is bullish, engulfing with an uptick in volumes, Euro could rise towards $1.0950 in the short term. Conversely, any drop below $1.0760 and last week's lows may draw more sellers, confirming last week's losses. In that case, the Euro may drop toward $1.0500 in the days ahead. What to Expect? After sharp losses last week, Euro bulls started on a stronger footing in an expected correction. Even so, the correction won't last, provided $1.0850 is the immediate resistance, limiting the upside. From a top-down preview, the immediate trend is southwards unless there is a clear shift in price action in the daily chart. Resistance level to watch: $1.0850 Support level to watch: $1.0760 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
EURUSD Technical Analysis and Trade IdeaThe #EURUSD has reached a significant support level, and we can see a bearish trend on the 4H chart. The clear presence of lower lows and lower highs confirms the downtrend. Currently, the currency pair is overextended, and I am seeking a short opportunity, preferably when it retraces back up to the 4H distribution level. All the details are thoroughly explained in the video, including price action, price gaps, the trend, support and resistance levels, and a trade idea. It is important to note that this information reflects my personal opinion and should not be considered as financial advice. Remember to manage your risk effectively.
Short
by tradingwithanthony
2
#Euro Meltdown Reducing, Is There Hope For Bulls?Past Performance Euro prices are low when writing, but following last week's close, there is hope for bulls. Specifically, the rejection of lower lows means prices are now within the bear bar of May 18. The immediate reaction levels to watch are $1.0850 and $1.0760, marking the recent climactic bar's trade range. #EURUSD Technical Analysis The path of least resistance is southwards. All the same, the rejection of lower prices on May 19 could spur demand. In lower time frames, the Euro edged higher in the NY session with expanding volumes. At this pace, this could spill to today, propping the Euro and reinvigorating bulls targeting $1.0850. If today's close is above May 18's high, the Euro may recover towards $1.0950 in the days ahead in a possible correction. Conversely, any drop below last week's low opens up the Euro for a potential fall to $1.0500 in a bear trend continuation pattern. What to Expect? Prices are consolidating, slowing down after sharp losses in the first half of last week. For now, traders should watch how prices react to key levels of the March 18 bear candlestick. This would likely shape the immediate to medium-term trend. Resistance level to watch: $1.0850 Support level to watch: $1.0760 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
eurusd swingeurusd looks like there is a swing from bearish trend to bullish trend, I've already suggested that you can enter for a good long position in blue box but there is a chance to having a good situation for having a short position up ahead. but with this eng in fl, eur seems to change its trend and we should open more long positions. ⚠️ Notice: I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards. Good luck ❤️
Long
by mirzaeiamirsoheil
#Euro Sell-Off Continues, Bears Step Up Targeting $1.0500Past Performance The Euro is dumping hard. From the daily chart, sellers are stepping up their liquidation, forcing the coin. Although yesterday's losses could be climatic, the bar is wide-ranging and defines the upcoming EURUSD price action. As it is, not only can traders target $1.0730 but also set sight on $1.5000 in days ahead. #EURUSD Technical Analysis Sellers are in the driving seat, and USD bulls are unrelenting. This formation is as expected as aligned in the weekly chart where sellers are confirming last week's losses. Moreover, bear bars are riding the lower BB, which remains diverged from the 20-day moving average, indicating intense selling pressure and high volatility. At this pace, and if today ends up lower, USD bulls may look to sell even more as long as prices are below $1.0850—or May 18 highs. In this case, the immediate target will be March 2023 lows at $1.0500. What to Expect? Unless otherwise there is an unexpected expansion reversing yesterday's losses, the downtrend remains, and sellers can continue dumping on every attempt higher toward May 18 highs. The short-term target at $1.0730 could be tested earlier as swing traders expect more drawdowns in the upcoming session. Resistance level to watch: $1.0850 Support level to watch: $1.0500 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro is Selling Off; Will Prices Drop to March 2023 Lows?Past Performance The Euro remains under intense selling pressure and is in a bear formation. USD bulls seem to be getting started, looking at the rapidity of the recent sell-off. From the daily chart, the immediate resistance level is at $1.0940 as sellers press on, targeting $1.0730 and $1.0500. #EURUSD Technical Analysis The sell-off continues, and USD bulls appear unrelenting. With the sell bars banding along the lower BB, price action suggests that bears have the upper hand with increasing momentum. As such, there could be unloading opportunities in lower time frames, provided prices are trending below $1.0940. At this pace, the Euro may drop even below $1.0730, especially if prices easily slip below yesterday's lows at around $1.0810. What to Expect? Sellers are in the driving seat, and the Euro is being dumped. From the weekly chart, there appears to be more legroom for bears to press on. There is a three-bar formation with last week's bar bearish, swinging price action to favor aggressive sellers. Resistance level to watch: $1.0940 Support level to watch: $1.0810 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1