EURUSD. Weekly trading levels 6 - 10.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
----------------------------------------------
Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.
Don’t forget to like Rocket and Subscribe!!!
Eurusdanalysis
EurUsd- 1.07-1/0720 zone, line in the sand for future directionSince the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs.
Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement.
Moreover, the recent rise forms a bearish flag pattern, further reinforcing the overall bearish sentiment.
Key support lies at the 1.07 zone, and a breach here could initiate a new downward movement. Subsequently, the next significant support levels are at 1.06 and 1.05.
My bearish outlook persists as long as the price remains below 1.0820.
EURUSD - BUY SIGNALBuy opportunity in the FX:EURUSD with a target at 1.08000 for a profit of 20 pips.
We continue to have a liquidity zone at the level of 1.08000 after the price tested that zone on Friday after the NFP data and then fell to the level of 1.07550, which today acted as a support level.
Guys, what do you think? Leave a comment with your thoughts.
DeGRAM | EURUSD trend reversalEURUSD is moving above the trend line within the descending channel.
After successfully consolidating in the channel, the price broke through the dynamic resistance, tested it, and now it acts as support.
The nearest resistance level coincides with the 50% retracement level of the last bearish impulse.
We think that the pair will grow after retesting and breaking the resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURUSD possible short for 1.0615Non Commercials reducing long positions gradually in last 4 weeks 8k, increased 31k shorts by last 4 weeks. while in longer term view by 10 weeks longs reduced by 38k and shorts added 31k. 5% short increased in last 4 weeks, while 10% shorts increased by last 10 weeks. Net impact in bearish for eurusd. supply zone for short 1.0830-1.0865, stop loss above 1.0885, target: 1.0615.
DeGRAM | EURUSD achieved dynamic supportEURUSD is moving between the trend lines within the descending channel.
The pair has reached the lower boundary of the channel and dynamic support, and is now trading above the 62% retracement level.
The chart has formed a pattern AB=CD.
The price formed a bullish takeover after reaching the channel boundary.
We expect the rebound to continue after the support is retested.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURUSD - SELL SIGNALWe still have selling pressure at the 1.07250 level, so the price will remain below that level this week.
In a few hours the FOMC statement and the interest rate decision will be released, so I am going to go short looking for today's daily minimum, and if later they raise the price a little more, it will be a good opportunity to enter again short at a better price.
Guys, what do you think? Leave a comment with your thoughts.
DeGRAM | EURUSD fell below the channel boundaryEURUSD is correcting between trend lines within an ascending channel.
The price chart has twice formed a bearish takeover after reaching a local top.
We expect a correction within the current channel.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
Where should EURUSD go?Hello, guys!
This is ESS team.
Let's see the EURUSD 5D chart.
After a long decline that began in mid-2011,
It has risen again since the end of 2022, drawing a triangle pattern to determine where to go.
Since triangle pattern is not yet complete, It is necessary to take a longer view.
If It breaks out pattern upward and is supported by triangle pattern, It will have the driving force to rise again,
and If it breaks below triangle pattern and is resisted, It can fall down to the first monthly downtrend line (the line where is tapped the most support and resistance).
EURUSD MORE DROP COMING TILL SUPPORT ZONEHELLO TRADERS
As I can see this pair EURUSD had perform fantastic job on our pervious analsysis and we are expecting more drop on this pair if it does not hold this support which is now as a strong resistance now Friends it's just a trade idea share Ur thoughts with us chart is crystal clear for next move Stay Tuned!
EURUSD will Attack to Support zone⚔️===>>(➡️RR=2.92)🏃♂️ EURUSD is moving in the 🟢 Support zone($1.0695-$1.0626) 🟢, but I expect it to be broken based on the explanation below 👇.
🌊According to the theory of Elliot waves , EURUSD seems to have completed the Double Three Correction(WXY ) in the 🟢 Support zone($1.0695-$1.0626) 🟢.
📈Regarding Classic Technical Analysis , EURUSD has successfully formed an Ascending Broadening Wedge Pattern Reversal Pattern .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect EURUSD to go DOWN at least to the lower line of the Ascending Broadening Wedge Pattern , and EURUSD will probably break the 🟢 Support zone($1.0695-$1.0626) 🟢.
--------------------------------------------------------------------------
EURUSD
🔴Position: Short
✅Entry Point: 1.06975 USD (Limit Order)
⛔️Stop Loss: 1.07420 USD
💰Take Profit:
💰Take Profit:
🎯1.06303 USD👉Risk-To-Reward: 1.51
🎯1.05674 USD👉Risk-To-Reward: 2.92
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
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.
EURUSD analysis in 4HGood day, friends!
This is ESS team.
Congratulations on the EURUSD's RISE !!
Let's analysis EURUSD.
::::::::::::
This is EURUSD 4H chart.
Candle broke through the top of the Descending parallel channel with a cascading RISE up.
If Candle retests safely of the Descending channel's upper line,
Long positions are advantageous with power of rise.
If the Candle comes back into the channel and breaks down the blue uptrend line, and retests, please, you prepare for a short position.
DeGRAM | EURUSD rebound from the channel boundaryEURUSD is moving in an ascending channel.
The chart is above the 50% retracement level and dynamic support.
We expect a rebound after a retest of the channel boundary.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EU bearish confluence. MultitimeframeEU Weekly:
EU 4h:
Overall, a lot of bearish confluence across the timeframes. Look for further confirmation and entry setups.
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
EURUSD : Short Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in a descending channel and after a heavy drop it is moving in a range. We expect that if the price pulls back to the specified resistance level around the price of 1.07000, this level will maintain the downward trend of the price and the price will have a fall to around 1.06100. If the price can break this level, the second target will be the specified support level, i.e. around the price of 1.05300. Good luck.
DeGRAM | EURUSD rebound in the channelEURUSD reached the lower boundary of the channel.
The chart formed long lower shadows on the downside and afterwards formed a bullish takeover.
We think that after breaking the dynamic resistance, the price will continue to rebound.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!