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Eurusdanalysis

EURUSD Daily Technical AnalysisHi Traders! If we look closely at Daily Chart, the @eurusd pair could form a very interesting Reversal Pattern in the short term. From a technical point of view an Engulfing Pattern could appear with a minimum Target around 1.087 area (see chart below), but if this will work correctly as a “reversal” the projection could be even more interesting. That said, if we have Engulfing Pattern in the daily close, it might be interesting to try to take short position on the pullback with stop loss below the previous low or failure of the Pattern. Traders who have followed our previous analyses on our Blog can handle the long position taken on the Harmonic Structure (ABC Pattern) on 1H chart. The dollar slipped on Friday as investors fretted U.S. payrolls data could be weak after an unexpected slump in U.S. manufacturing raised concerns about a slowdown in the world's largest economy and lifted traditional safe-haven currencies. In conclusion, next week we have interesting macro events as well as follow the geo-political dynamics (Iran-Israel) and from the technical point of view we have a potential Reversal Pattern to follow today, let's see what will happen in the coming hours.
Long
by TheAnonymousBanker
12
Possible EURUSD movement last week of July 2024Following the concept of the penultimate weekly candle of indecision and considering that the previous candle was bearish, we will look for bearish options. However, it is important to be careful of possible attempts to liquidate and manipulate the market, which may influence purchases before following the natural downward trend. Trading Rules Never trade too long - Risk management is essential. Never trade without confirmation - Wait for clear signals. Never trust signals blindly - Do your own analysis and research. If you found this idea useful, please support it by liking and sharing. 👍🙂 ✅ Hit the like button, subscribe and share on other trading forums. ✅ Follow me for future ideas, trade setups and updates on this analysis. ✅ Feel free to share your ideas, comments, opinions and questions. Take care and trade well! PORTUGUESE-BR Seguindo o conceito da penúltima vela semanal de indecisão e considerando que a vela anterior apresentou queda, buscaremos opções de baixa. No entanto, é importante ter cuidado com possíveis tentativas de liquidação e manipulação do mercado, que podem influenciar compras antes de seguir a tendência natural de baixa. Regras de Negociação Nunca negocie muito - A gestão de risco é essencial. Nunca negocie sem uma confirmação - Espere por sinais claros. Nunca confie cegamente em sinais - Faça sua própria análise e pesquisa. Se você achou esta ideia útil, por favor, apoie curtindo e compartilhando. 👍🙂 ✅ Clique no botão curtir, inscreva-se e compartilhe em outros fóruns de negociação. ✅ Siga-me para ideias futuras, configurações de negociação e atualizações sobre esta análise. ✅ Não hesite em compartilhar suas ideias, comentários, opiniões e perguntas. Tome cuidado e negocie bem!
Short
by ForexPlace
Eurusd Towards Buy Confirm PredictionFX:EURUSD managed to regain some composure after two daily drops in a row and advanced to two-day peaks around 1.0870 following an earlier test of the area near the critical 200-day SMA (1.0818). The daily gain in spot came in tandem with the broad-based weak tone in US and German yields. On the other side of the equation, the US Dollar (USD) traded without clear direction on Thursday, recouping part of the ground lost, especially vs. the Japanese yen, and encouraging the USD Index (DXY) to maintain its business around the 104.30 zone.
Long
by Senorita71
EURUSD Analysis==>>Reversal PatternsEURUSD is moving in the Resistance zone($1.0920-$1.0870) and near the Resistance lines . If we want to analyze the EURUSD chart from the point of view of Classical Technical Analysis , two Reversal Patterns are clearly visible: Head and Shoulders Pattern & Bump-and-Run Top Pattern . --------------------------------------------------------------------- Educational tip :👇 The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche. In this scenario, only professional traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow! This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases: 1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain. 2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak. 3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way. --------------------------------------------------------------------- According to Elliott's wave theory , EURUSD seems to have successfully completed five impulse waves . Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . After breaking the support trend line and Neckline , I expect EURUSD to fall at least to the Support zone($1.0820-$1.0776) . 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
EURUSD: Bullish Draw Toward Daily Buy Stops!Greetings Traders! Current Market Analysis: At the moment, EURUSD is exhibiting signs of a potentially bullish draw toward the daily buy stops. Key Observations: H1 Bullish Structure: The internal structure on the H1 timeframe has shifted to bullish, indicating a potential for further upward movement in EURUSD. H1 Bullish Order Block: Currently, price is supported by the H1 bullish order block, which may serve as a springboard for further upside movement. This suggests that the market is drawing towards the daily buy stops, which is my primary target. H1 Sell Stops: If price takes the sell stops, I will still be looking forward to taking a buying opportunity provided the market gives me a confirmation to do so. Trading Strategy: Focus on Bullish Order Flow: Given the evidence of bullish institutional order flow, the strategy is to look for entry opportunities around the H1 bullish order block. Target Levels: Draw on Liquidity: The target is the daily buy stops, as indicated by the current bullish order flow and market structure on the H1 timeframe. Conclusion: By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The shift in H1 structure and the support from the H1 bullish order block point towards a bullish draw, guiding our strategy towards taking advantage of long opportunities in the market. Happy Trading, The_Architect
Long
by The_Archi-tect
2
EurUsd- Rise to 1.11 this summerRecently, EUR/USD found support and formed a strong base just below the familiar 1.07 level. The pair began to rise and has been in a consolidation phase since Friday's Non-Farm Payroll (NFP) report. However, the pair is currently testing Friday's high, and a breakout seems imminent. If this occurs, we could see an acceleration to the upside, with my medium-term target at 1.11. Interim resistance is at 1.1, and to be honest, the highs from mid-May to early June are not expected to pose much trouble for the bulls and should be broken easily.
Long
by Mihai_Iacob
1
EURUSD: Bullish Order Flow Continuation into a further Premium!Greetings Traders! Current Market Analysis: At the moment, EURUSD appears to be positioned for a continuation of bullish institutional order flow. Despite reaching deep premium prices, evidence suggests that the price may push into even higher premium levels. Key Observations: Predominant Bullish Trend: The market has exhibited a strong bullish trend since last week, indicating sustained upward momentum. Deep Premium Prices: Although we are currently at deep premium prices, the price action suggests a potential push into even higher premium areas. Engineered Liquidity: The price is currently engineering liquidity on the buy stops by forming a retail pattern (resistance zone). This pattern entices retail traders to enter short positions, placing their stop losses above the highs. Smart money will use these buy stops to sell against, providing further evidence of anticipated bullishness. Trading Strategy: Continuation of Bullish Order Flow: Given the evidence of engineered liquidity and the sustained bullish trend, we anticipate further upward movement in EURUSD. Target Levels: Target the resistance zone and look for price action indicating a continuation into deeper premium prices as to reach into the daily premium order block. Conclusion: By understanding the current bullish institutional order flow and leveraging the key observations, we can effectively anticipate and execute trades on EURUSD. The evidence of engineered liquidity and the predominant bullish trend support a bullish outlook, guiding our strategy towards capitalizing on buying opportunities in the market. Happy Trading, The_Architect
Long
by The_Archi-tect
EURUSD: Bearish Institutional Order Flow & Sell PotentialGreetings Traders! Current Market Analysis: At the moment, EURUSD is trading in deep premium prices, and the smaller timeframes have already started to shift into bearish institutional order flow. Given these conditions, we are looking for premium arrays to short the market into discount areas where we can book our profits. Key Observations: Premium Prices: Currently, EURUSD is in deep premium prices, making it an opportune moment to seek shorting opportunities into discount areas. Bearish Institutional Order Flow: The shift into bearish institutional order flow on smaller timeframes signals a strong downward momentum. Premium Arrays : Multiple premium arrays are aligned on the chart, indicating areas where the market is likely to respect and initiate new selling. These areas include: Order Block: Anticipated as a level where new selling will occur. Breaker Block: Expected to act as an institutional resistance level, where smart money mitigates buy orders and reinstates new selling orders. FVG and Liquidity Void: Inefficiencies in these areas present fair value for smart money to short against. Trading Strategy: Focus on Confluence: The alignment of these premium arrays provides strong confluence, suggesting a continuation of the market's downward movement. Target Levels: Our primary target is the H1 discount sell stops, where we will look to book our profits. Conclusion: By understanding the current bearish institutional order flow and leveraging the aligned premium arrays, we can effectively anticipate and execute short trades on EURUSD. The confluence provided by the order block, breaker block, FVG, and liquidity void supports a bearish outlook, guiding our strategy towards taking advantage of short opportunities in the market. Happy Trading, The_Architect
Short
by The_Archi-tect