Eurusdidea
EUR/USD Give Us 60 Pips 0Drawdown In 10 Hours, Important UpdateThis 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.
Eurusd looking longHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURUSD
We can see a market break its strong support in D1.
So we are expecting a strong rise near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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DeGRAM | EURUSD range breaking EURUSD broke out of the ascending channel .
Price action is currently in no man's land.
Since on the 4H timeframe the market is bearish , we are considering selling if price pushes back to the resistance zone.
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DeGRAM | EURUSD channelingEURSUD is moving in an ascending channel.
IF price action tests the support level at the lower border of the channel, then we will look for a buying opportunity.
The market might be in a consolidating zone again.
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EURUSD ForcastMidterm forecast:
While the price is above the above 1.026 , an uptrend is expected.
If Monday market goes above the 1.026 market with powerful candle then most likely our next target will be around 1.038, but if the price breaks down and goes below 1.02 then expect price to go below 1.00 mark.
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EURUSD Sell to 0.98EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low.
It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well.
To enter a short position, H4 has to start forming bearish market structure for more confidence.
Fundamentals:
EUR: Facing energy crisis heading into winter, political instability
USD: CB is still very hawkish for the rest of the year
*More fundamentals on weekly commentary paper
What do you think? What's your EURUSD forecast?
DeGRAM | EURUSD at major resistanceEURUSD hit a major resistance zone. Look left, the structure leaves clues.
Price action has formed a double top and it could not make a new high.
Since on the 4H timeframe the market is bearish, we are considering selling on the 3 test of the level.
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DeGRAM | EURUSD range breaking EURSUD went out of the consolidation zone.
This might be a breakout pulled back continuation scenario.
The market might go up to the resistance level to retest it.
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the big question! Retest or new Lows?Eur/Usd has been trading sideways for a while and i reason to believe that it will break out with the US inflation news.
> Now what i will share with you is something i discover recently and should give more insight on how to trade it
N.B. now for this to work we have to first believe that what ill share makes sense, then we can cipher it.
what we are given:
> channel on 3 day chart
> US Cpi news Wednesday
> clear understanding of eurjpy and usdjpy??????
> 3-day price containment of resistance 1.023 and support of 1.01
>for this purpose, we will define containment as: price failing to close/open above/below the given support/resistance.
> NB price can breach these levels but can't maintain outside it.
>if price maintain outside these levels, we have a breakout and we trade with the trend.
How to trade this
> choose a bias and pray that it goes in our direction 50/50 chance
or
> we use price action, news, technical analysis and price correlation.
technical Analysis:
> see my explanation of usdjpy & eurjpy then proceed
News:
>us cpi news on Wednesday could determine usdjpy & eurusd next breakout.
price action :
> Usdjpy has the potential to do two things continue breakout (create new highs / break 139) or switch over to form a head shoulder with neckline at 127
> Eurjpy is in a downward channel with next resistance at 140/142 if gets rejected we can see a retest to 133/134
> Eurusd is in a channel R: 1023 S: 1.011 for a while, and with a breakout we could see new lows of .98/.97 or retest of 1.04
price correlation:
NB as eurusd approaches closer to "1" we see the price of usdjpy approaching eurjpy each other
NB since this is an important usd news we can assume a breakout of eurusd
*********************IF NEWS IS INTERPRETED AS GOOD *********************
> we should see eurusd possibly breaching the 1-dollar zone
. We go long and hold for a usdjpy break out
. we short eurusd until it finds a new zone below dollar zone
. we can also short eurjpy 140/142 back to its previous support 133
*********************IF NEWS IS INTERPRETED AS BAD *********************
> we should see eurusd possibly retesting its previous support
. we short usdjpy on bad news
. we go long on eurusd for a break out
. we also short eurjpy at 140/142 region
BRING IT HOME
IF WE CAN UNDERSTAND THE CORELATIONS AMONG THESE THREE CHARTS WE CAN TRADE THEM ACCORDINGLY
WHEN EURUSD APPROACHES 1 THE PRICES OF USDJPY /EURJPY COMES CLOSER
IF EURUSD GOES FUTHUR AWAY FORM +1 EURJPY INCREASE IN VALUE MORE THAN USDJPY
IF EURUSD GOES FURTHUR AWAY FROM -1 USDJPY INCREASES IN VALUE MORE THAN EURJPY
EURUSD - Potential ideaFX_IDC:EURUSD
Current trend
The EUR/USD pair is moving in a corrective trend around 1.0212.
Since the beginning of the week, the European currency has been trading with low volatility, but the situation may change today after the publication of data on consumer prices in two large EU economies – Germany and Italy. According to analysts, German inflation may increase by 0.9% MoM and slow down to 7.5% YoY from 7.6% earlier. In the Italian economy, a similar situation is observed: the rate is expected at 0.4% MoM and 7.9% YoY instead of 8.0% in June. These forecasts are in line with the opinion of experts, as the European Central Bank (ECB) adjusted the parameters of monetary policy, initiating an increase in interest rates, which could lead to short-term pressure on inflation.
Experts assess the situation in the US differently. CPI will be released today, and analysts expect inflation to fall sharply to 8.7% from 9.1%. The only factor in its favor is an 8–10% MoM petrol price cut. At the same time, labor productivity remains in the negative zone, amounting to –4.6% in the second quarter, which confirms the difficult situation in the national economy.
Support and resistance
The trading instrument is kept within the global downward channel, having slowed down its advance towards the resistance line. Technical indicators maintain a poor sell signal: fast EMAs on the Alligator indicator confidently approach the signal line, and the AO oscillator histogram forms upward bars.
Resistance levels: 1.0262, 1.0489.
Support levels: 1.0163, 0.9955.
Trading tips
Long positions may be opened after the price rises and consolidates above 1.0262, with the target around 1.0489. Stop loss – 1.0200. Implementation period: 7 days or more.
Short positions may be opened after a reversal, reduction, and consolidation of the price below 1.0163 with the target at 0.9955. Stop loss – 1.0200.
DeGRAM | EURUSD consolidation EURSUD is consolidating.
Price action is trading in the ascending channel.
The market might go up to the resistance level from the lower border of the channel.
We expect further consolidation until we see a trend indication.
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How To Trade On Sideway & With Breakout , Live Setup On EUR/USD 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.
DeGRAM | EURUSD in consolidation EURSUD did not make a significant move since the last session.
Price action is forming a triangle pattern.
We expect further consolidation until we see a trend indication.
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🍌EURUSD Time to make money) buy off the level🍌EURUSD Time to make money) buy off the level
Price Formation in an Uplink
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