Eurusdbuy
EURUSD Upside more compellingEURUSD continued its rising trend at the expense of USD, as market expects more Fed rate cut to come.
ECB: Market price in one more cut this year
Fed: Market price in 75bps cut this year.
Technical:
Resistence: 1.12 and 1.1275 (July 18, 2023, high)
Support level to watch 1.113 (SMA 20), 1.11 (Fibonacci 23.6% retracement) and 1.1080 (SMA 100).
EUR USD Intraday & Daily Analysis for start of new week!
It looks like there is more demand for buying the EURO right at this moment!
The chart shows a lot of buying during the week of the EURO from order-blocks, which led to a rally in the EURO against the USD and a perfect fib level retracement at 50% level to more buyers.
There are double-tops on weekly and monthly charts which could hinder things a little bit,
EUR/USD Longs to short idea from 1.10500 My analysis for EU is similar to GU. Currently, the price is very close to a 3-hour demand zone where I will be looking for buying opportunities. Once the price enters this zone, I will wait for distribution before targeting the nearest supply zone for a potential sell.
When the price reaches that supply zone, I will consider entering sells, as there's a similar setup in GU from last week's NFP. However, my ultimate target is the extreme supply zone at the 10-hour level.
Confluences for EU Buys:
- The price has created a clean demand zone that caused a change of character (CHOCH).
- In the short-term trend, there's substantial liquidity to the upside for price to take.
- This setup aligns with the DXY (Dollar Index).
- Price has filled in an imbalance as well.
Note: I am more inclined to take these buys since the demand has caused a CHOCH on the higher time frame. Have a great trading week, and don't forget about the upcoming CPI data!
EURUSD bearish moveAs we have said in our last opinion based on our basic anylisis we are bullish over EURUSD but as market got opened price used to move again into bearish move and is moving now in its bearish position also the confluence is 50 SMA as the price is under this 50 SMA and yet not crossed above also it has broke its support level also it has retested that broken support level..
EUR/USD Outlook as Dollar Weakness Continues the EUR/USD exchange rate is expected to fluctuate within a range of 1.10100 to 1.12400. The current outlook suggests that the pair may remain choppy leading up to key announcements from the European Central Bank (ECB) and the U.S. Federal Reserve (Fed) regarding potential rate cuts. Both the ECB and Fed are anticipated to cut rates in September, which could sustain the higher price range of the EUR/USD if realized
EurUsd BuyThe pair has followed its bullish path as in my previous anylisis i have identified its crucial point from the pair has shot up and moving in its bullish path we have also witnessed a FVG over daily bullish move which has been mitigated by the pair in last week the weekend is over and back to the market we are ready to catch up a awaiting bullish move confluence for the bullish move is first FVG and 2nd is price has completed its retracement to the 50% of Fibbo level on daily TF so there are higher probabilities for price to go higher to its historical cum physiological resistance so we are monitoring price very closely so that we can save our capital and gain profits
Good for the week guys
EURCAD 4hr Long 4hr Long
EURCAD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 50/200 EMAs. Price has now had a pullback followed by a valid engulfing pattern. That makes this a good example of the 50ema Valid Engulfing Strategy.
🎯 Entry - 1.51476
💰 Take Profit - 1.52906
❌ Stop Loss - 1.50999
EURUSD: Short-term short, medium-term long
In the short term, there is a need for a rebound in the DXY, so if you are trading related currencies like EUR/USD, it’s preferable to focus on short positions. The main resistance for the DXY rebound is around 102.
Analyzing from a broader trend perspective, the DXY is highly likely to break below 100 in the coming period. This can be used as a reference for medium-term trading of related currencies
EURUSD Buy ideaprice had a rally upwards in last few days and it had a immediate resistance over there the price have already broken that level of resistance and seems like bulls are still in control as SMA 50 also shows the bull run is still on so we are waiting for the consolidation range to break above and show some bullish price action so we could be a part of this bull run
EUR/USD: Bullish Outlook with Key TargetsHey there, looking at the FOREXCOM:EURUSD chart on a 10-day timeframe, it’s clear that the price has been stuck in a range for almost two years. Right now, the price has broken through its 7-month high and is currently trading around 1.011. Personally, I have a bullish outlook for both the medium and long term.
⏩I anticipate that the price could rise toward mid-term targets of 1.11500 and 1.12800. After that, I expect the price to potentially continue its upward movement towards long-term targets of 1.14 and the Bearish Breaker Block at 1.15, especially if it breaks above the 1.12800 high.
To fully understand the ongoing trend, it will be important to observe how the price reacts to the mid-term targets.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
EURUSD BuyEurusd is consolidating over its 1 Hourly Resistance level and the volume is telling me that it will break above the resistance and will move to its daily Resistance level which is a clear buy but if it goes either way it will rally down to its Previous support but seems like it would rally up and break above the 1 Hourly Resistance level rally upwards to its daily global or physiological resistance level i would put my buys after breakabove retest and proper price action (bullish engulfing)
EUR/USD Broke D Res , Best Place To Buy & Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/USD: AB=CD Harmonic Pattern Signals Potential Bullish TradeAB=CD Harmonic Pattern Pattern Formation:
The EUR/USD pair is currently forming an AB=CD Harmonic Pattern , which is a common and reliable formation in technical analysis. This pattern is typically seen as a strong indicator of potential price movement, making it a crucial point of interest for traders.
Fibonacci Retracement & Projection Analysis:
The BC leg has shown a 58% Fibonacci retracement, aligning with a 2.0 projection of the BC leg. This confluence strengthens the validity of the AB=CD pattern, suggesting a high probability of the price reaching the D point as per the pattern projection.
Entry Strategy:
We recommend taking a Buy entry near the 1.10500 level, at the retest of the Point B breakout. This level offers a strategic entry point, capitalizing on the potential Bullish Trend Continuation toward the projected D point of the harmonic pattern.
Profit-Taking Strategy:
To maximize profit while managing risk, we suggest the following take profit levels:
TP-1: 1.11300 - First resistance zone where partial profits should be taken.
TP-2: 1.12100 - The second resistance zone is critical for further profit-taking.
Stop Loss Placement:
To protect against adverse price movements, a stop loss should be placed near 1.09690. This level is strategically chosen to allow for natural market fluctuations while safeguarding against significant losses.
Conclusion:
The EUR/USD is currently presenting a strong technical setup with the formation of the AB=CD Harmonic Pattern. By entering at 1.10500, traders can position themselves advantageously for a potential move towards the resistance zones near 1.11300 and 1.12100. Proper risk management is advised with a stop loss set at 1.09690.
Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Forex trading involves significant risk and may not be suitable for all investors. Always consult with a licensed financial advisor before making any trading decisions.
EUR/USD Longs from 1.08200 back up This idea aligns with my other pairs. After mitigating a daily imbalance, price is showing clear rejection and heading down to fill the imbalance left from last week's NFP news event.
If price reaches the extreme demand level on the 17-hour timeframe, I'll wait for a Wyckoff accumulation to buy back up. Meanwhile, I’m watching for a new supply zone to sell from or considering imminent sells as price is currently in a 4-hour supply zone.
Confluences for EU Sells:
Price broke structure to the upside on the higher timeframe.
Significant liquidity and imbalances remain to the upside.
A clean 17-hour demand zone triggered this bullish move.
Large imbalance above the demand zone that needs filling.
P.S. If price moves higher and surpasses the last swing high, I'll look to the deep supply on the 22-hour timeframe as the next drop-off point.
EURUSD waiting ReboundEU stay on downtrend, but filled weekly imbalance, but daily imbalance stay to be filled at 1.0780 area. Price can go up after or from here to 1.0918 resistance area. Now we wil get PD 50% at 1.08365 or at resistances 1.0842 or 1.0853. From there a new low or a small correction for upside after. Red areas FVG's on chart waiting to be taken.