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Eurusdlong

EURUSD next target above 1.1000 level**Monthly Chart** EURUSD monthly timeframe shows the price is in a narrow range between 1.0700 and 1.1000 which needs to break on either side. **Weekly Chart** The price movements looks very clear when you move into a weekly timeframe, although the market is moving in a range. There is a ring high formation as of 25Dec2023 weekly candle, which tested the monthly high and liquidity pool around the MC candle of July 2023 before pushing lower. Currently, the price tested the pin bar of 12Feb 2023, grabbed liquidity, and started moving higher. The next target is expected to be above 1.1000 level. **Daily Chart** This week EURUSD moved lower only to grab liquidity after testing 0.886Fib level in the demand zone and pushed the price higher, suggesting a continuation of the bullish trend. Next target will be above 1.10500 level. NFP numbers yesterday (05.04.2024) were unable to push EURUSD lower, although the numbers came good for USD. US Work force adds 303K jobs in March - far more than expected. That's why I am aware of the fundamentals but I follow the technical as it tells the bigger story.
Long
by PropSignals
EurUsd treads in a Gray area preceding April NFP 📌What a Trading day.. a Continuation followed by a sharp selloff. The continuation was called out here at ShrewdCatFx and the Selloff was punishment to late buyers I suppose. NFP data tomorrow will likely take us for a ride as It typically does.. Direction? I'm leaning for more upside despite our weak Daily candle closure today. Why? I like the optimistic remarks by the fed this week and the market ate it up. Yes we've pulled back dramatically leading into NFP data tomorrow but the weekly candle is still bullish and US30 stock index is at a nice support level(after pulling back all week), suggesting a Risk-on Friday. 4hr timeframe, wild week with dramatic selloff to begin followed by massive move up with USD data and speech Daily timeframe, Buyers rejected as the Thursday Daily candle closes a shooting star candle that coincides with a Daily resistance level 1.08372! The Weekly timeframe, price is respecting 1.07652 so far this week but we still have NFP which could cause a lot of volatility Monthly Range!
Long
by ShrewdCatfx
+120 Pips profit booked in EUR/USD, more uptrend ahead?Hello trader, our previous idea yesterday about buying EUR/USD@1.0730 zone was super hit as price went up more than 120 pips from the lows. (We have linked the previous idea below for you to cross check) Currently, price is well above the 1.0720 support zone. So, we can say that the support zone is unbroken. In fact, price has also moved marginally above the 100-day EMA level which is a bullish sign The next resistance lies at 1.0990 level . I expect price to reach that level within a couple of weeks. My recommended strategy is to buy the dips in EURUSD
Long
by KaltoireCapital
4
EURUSD - SHORT - APRIL 04, 2024In this analysis of the EURUSD on the 1-hour timeframe, I'm observing how the price behaves around the 1.08500 supply zone. My intention is to confirm a potential short-term selling opportunity as a countertrend move towards the next demand zone at 1.07838. Once this short-term move plays out, I'll be looking for confirmation on a possible long position from that demand zone. It's important to note that the market operates in a fractal nature, meaning that we can only anticipate the next moves as they unfold. Therefore, we'll need to monitor the situation closely to see how it develops.
Short
by Sjcosmas
Fomo Liquidity Pullback 🤐Anticipating a pullback with London session to clear Fomo liquidity. Depending on the amount, we may observe a pullback to 1.07435 4hr Resistance zone. If the market is extra stubborn then we may see a more sustained pullback to 1.075 area. Manufacturing data during NY session today surprised to the upside and beat the forecast creating a dramatic selloff on EurUsd. Not surprised for us here at ShrewdCatFx since we have been outlining the Market sentiment surrounding USD with hot labor market and increasing inflation readings last month of March. Good manufacturing data was just gasoline on the already hot USD. On another note, it's the beginning of the week still.. it's pretty early in the week and we've already observed some great volatility.. I believe we may observe some rversion to the mean for EurUsd and London will cause some pullback volatility to gather liquidity and plus it's only Monday. We still have ADP and NFP which will be a good excuse for more volatility.. so in the meantime we may mess around and range or pullback.. if not then I may be wrong and our next 4hr zone 1.07265 and 1.07105 are our next short targets for the upcoming sessions which has USD job openings news which is forecasted to decrease slightly across the previous data point which lines up with some at least short term EUR strength.. safe trading
Long
by ShrewdCatfx
2
EURUSD BUYGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea. Half of the movement has already passed, and now I’m waiting for the break to the level of 1.07 and from there I’ll start working from the long position. This week we will have important news on the labor market, because it was the labor market that Powell pointed out at the last meeting and said that if it decreases, we can begin to reduce the rate. Therefore, I believe that this week will be a culmination Target: 1.09000
Long
by airstels
2
EURUSD ANALYSISThis is my anticipation on the EURUSD, our daily time frame recently broke structure to the downside, we would then do good to anticipate a pullback after the expansion BUT before we can anticipate that pullback, we need to see or have a confirmation in price on a time frame lower than the daily which will confirm our bias for the bullish pullback, as showed in my analysis, I wanna see price trading lower first to take the sellside liquidity first before we can begin the pullback, should price continue trading lower and not give us any confirmation for a pullback, we're not gonna engage, we simply let it go for this particular week, the same applies for when price just pulls back without first taking the sellside liquidity.
by TheHumanArsenal26
1
Buy EURUSD News BasedThe EUR/USD pair on the M30 timeframe presents a potentially ambiguous situation with an expanding triangle pattern. While this pattern can signal a breakout in either direction, some caution is advised before entering a long (buy) position. Potential Long Trade : Entry around: 1.0823 (current price) Target Levels: 1.0880: This represents the upper trendline of the triangle, which could act as the initial upside target upon a confirmed breakout. 1.0900: This is a further extension of the upside target, based on the recent price movement. Stop-Loss: Place a stop-loss order below the lower trendline of the triangle, ideally around 1.0807. This helps limit potential losses if the price breaks down from the triangle pattern. Thank you.
Long
by KABHI_TA_TRADING
2
💡 EURUSD: Forecast March 27EURUSD yesterday rose to the resistance zone around 1.0855 and formed a selling pressure zone for us. You can enter a sell order with the bearish candle marked with a red arrow as shown in the chart. Currently, the market is turning bearish. If you look at the low time frame, you can see this downward trend much more clearly. Our current trading strategy is selling. and the nearest resistance area is the supply area and is struggling around the previous peak at the price level of 1.0840. If the price can return to this resistance area, you can find a signal to sell.
Short
by Stone_Haven