Eurusdlong
EURUSD aggressive move higher is coming**Monthly Chart**
Last month's candle on EURUSD closed bullish after it swiped the liquidity above Dec 2023 high just shy away from 1.12000 (round number). This month's candle suggests a continuation of the move at least to tap 1.12000 and move above the July 2023 high at around 1.14000 level.
**Weekly Chart**
Last week candle closed as a bullish engulfing candle which suggests a continuation of the move higher at least towards 1.12000 and then 1.14000 levels (round numbers).
**Daily Chart**
EURUSD moved higher last week, swiped the liquidity above the previous swing high, and tested the IPA only to move lower. I believe there is still momentum to the upside. However, the structure is currently not supporting it. I would like to see EURUSD move at least to daily IPA and give us a buying structure if it moves higher. The next target is above 1.1250 and then 1.14000 level.
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#EURUSD: 600+ PIPS Buying Chance Emerging! Good LuckFX:EURUSD
Price in weekly timeframe shown us a clear price indication of what it could be heading towards. There are more than enough confirmations which helped us to analysis and predict the future price of EU. Although, there is a big chance that price may drop a bit further down due to FED involvement within the market tomorrow. However, we are confident enough that price will remain bullish for upcoming weeks. Good luck.
EURUSD → 1.11250 This WeekThe key level this week is in the 1.11250 - 1.11500 zone.
A fall in the euro to the minimum price of last Friday would give us the opportunity to re-enter the market in the buying zone that I specified in the chart.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → The target is 1.11500The euro continued to fall yesterday until it reached the buying zone a few hours ago in the asian session.
Today we have to be alert for new weekly lows, and thus take advantage of entering the market with new buy orders, looking for the weekly target at the level of 1.11500
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → Bullish PressureThe euro fell back into the buy zone yesterday after the CPI data came in line with expectations.
In the following hours we had strong bullish pressure and the euro failed to touch the 1.10000 level. Today we have the ECB interest rate decision, and we expect volatility and an upward movement in price.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bullish Outlook for EUR/USD Next WeekNext week presents a strong bullish opportunity for EUR/USD, especially for long-term longs. While we may experience a short-term pullback, I expect the Euro to spike down early in the week before rallying on Wednesday, driven by the anticipated Fed rate cuts on the Dollar. My entry point will be around the 1.10236 demand zone, where I will look to open long positions. With a bearish outlook on the U.S. Dollar. The Euro is poised for a potential bull market.
(Take profit levels can be set higher based on your own analysis. My targets are for reference only—always trust your own strategy and avoid relying on others.)
EUR/USD Long – Targeting Rebound from 1.1000EUR/USD is currently trading near the 1.1000 support area, a key psychological level that has historically acted as a strong support. This setup presents an opportunity to go long, aiming for a rebound from this level.
Technical Analysis:
• Support Zone: The 1.1000 area has acted as a significant support level, with previous price action showing strong buyer interest around this zone.
• Risk Management: Place a stop-loss slightly below the 1.1000 level to protect against a potential breakdown. A reasonable stop could be around 1.0980, just below the recent lows.
Trade Setup:
• Entry: Enter long around the current price, near the 1.1000 support level.
• Target: The initial target for this long setup is around 1.1050, where the next resistance level is likely to be tested. A more aggressive target could be around 1.1100, depending on market conditions.
• Stop-Loss: Set the stop-loss at 1.0980 to manage risk effectively.
Market Sentiment:
• Bullish Potential: The market may see a rebound from this key level, especially if USD weakness continues or if there is a shift in broader market sentiment.
• Key Levels to Watch: Monitor the 1.1020 level for early signs of bullish momentum. A break above this level could signal the continuation of the upward move.
This trade focuses on capitalizing on the potential rebound from a key psychological level, with clear entry, target, and risk management strategies. Stay alert to market conditions and adjust as necessary.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel.
With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion.
What are your thoughts?
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EURUSD week 37 analysis🌐Fundamental Analysis
EUR/USD gave up intraday gains and slipped below 1.1100 after hitting a fresh weekly high of 1.1150 during Friday's North American session. The broad currency pair's gains were offset by a solid recovery in the US Dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, rose to near 101.40 after reversing intraday losses.
Signs of slowing labour demand have fuelled market expectations that the Federal Reserve (Fed) could start cutting interest rates aggressively.
The ECB is widely expected to cut interest rates again at its September meeting. The central bank started the policy easing process in June but left its key lending rate unchanged in July. In the final quarter of the year, traders remained divided on whether the ECB would cut at its November or December meeting, or both.
📊Technical Analysis
The bounce and high of 1.115 has created a new bearish channel for EURUSD. On the 4-hour time frame, the two EMAs have come together, indicating that the bullish momentum is not as strong as last week and that a trend reversal is in order. The narrow price range that the pair formed last week at 1.113 and 1.101 is widening as a break from the narrow range could see the pair reach last month's high around 1.119 and on the upside, the support at 1.095 will keep the pair in the long-term bullish channel.
Support: 1.101-1.095
Resistance: 1.115-1.119
🕯Trading Signals
SELL EURUSD zone 1.119-1.121 Stoploss 1.123
BUY EURUSD zone 1.095-1.093 Stoploss 1.091
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!