Eurusdlong
EurUsd could rise to 1.09Since the beginning of the year, FX:EURUSD has been in a downtrend, with the single currency dropping more than 400 pips in the past two months.
However, after a false break below the horizontal support last week, the pair quickly reversed course and is now once again approaching the important 1.08 zone resistance.
Taking into account the false break and yesterday's swift reversal from the well-established support at 1.0733, I anticipate an upward breakout with a target at the 1.09 zone resistance.
In conclusion, my preferred strategy is to buy dips, with negation under 1.07.
EURUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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EURUSD M30 / A POSSIBLE RETRACEMENT TO CLOSE THE FVG 📊Hello Traders!
This is my idea related to EURUSD M30. I expect a retracement to close the FVG and I will look at the OB reaction for a potential short execution.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURUSD I Correction in process to 50% fib of the bearish impulseWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSDEUR/USD appears to be exhibiting a bullish trend on the 4-hour timeframe, supported by the formation of a falling wedge pattern. Additionally, a bullish rejection at a key buying zone level suggests potential upward momentum. Traders may consider waiting for confirmation of a breakout above the upper trendline before entering long positions, with risk management measures in place.
EURUSD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon see more up from this range! GOOD LUCK! Great BUY opportunity EURUSD
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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EURUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block.
Fundamental news: Next week is full of news with impact on USD. On Tuesday we will see results of monthly and yearly CPI on USD. On Thursday we'll have Retail Sales on USD.
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EURUSD Swing Buy Trade with a good Reward.
We have a 4 Hour Loop in Upward direction, We have a 4H Source Demand and a Fresh 4H Supply formed as Destination Supply giving us the Demand Supply Equilibrium Curve as follows.
After reacting to the Source Demand Price has started respecting Demands and violating Supply areas. hence this is a New Position with an Amazing reward to Risk ratio.
EURUSD Bullish Trade SetupSL: 1.06500
ENTRY: 1.07626
TP: 1.0
After an initial bearish move price found support at the monthly demand zone and also respected the 1.05 quarter point & monthly trend line.
This ultimately formed a higher low and a continuation of the overall bullish trend.
Price then began a bullish move until it met resistance at a weekly supply zone and created a lower high.
A huge sell-off followed until it met and found support at the monthly trendline, support at the 1.075 quarter point & support at a weekly demand zone.
The sell-off also served as a retracement and price ultimately ended up respecting the 61.8 fib level.
The weekly candlestick also appears to potentially close as a bullish hammer.
I am expecting price to continue bullish and test the resistance of 1.0 major point/weekly supply zone.
EURUSD → BUY SIGNALBuy opportunity in the OANDA:EURUSD with a target at 1.08300 for a profit of 50 pips.
The candle marked with the 1 hour timeframe has had a lot of buying pressure from institutional traders, giving us a good opportunity to make a trade.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD → Descending Wedge Support! Back up to 1.11!?EURUSD fell from the Resistance Zone into a two-legged pullback around the Daily 30EMA. There isn't much for bear strength, so are we in a position to long?
How do we trade this? 🤔
A long could definitely be justified if we get a strong bull close above the Daily 30EMA. We have a two-legged pullback from the Resistance Zone, several doji and weak bear bars showing weak bears, and RSI, while below the Moving Average, is at 47.00 and has room to move up. I suspect that if we get that strong bull bar, the RSI will rise above the Moving Average, which would support the long position suggested.
💡 Trade Idea 💡
Long Entry: 1.09500
🟥 Stop Loss: 1.08100
✅ Take Profit: 1.10900
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Two-legged pullback from the Resistance Zone
2. Multiple doji and weak bear bars as the price falls, showing weak bears
3. Support near the Daily 30EMA
4. RSI below Moving Average, but with a clear strong bull bar closing above the 30EMA, that could change
5. Once a strong bull bar closes above the Daily 30EMA, it's reasonable to long a 1:1 scalp
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Will FOMC cause a EUR/USD rush?We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700)
As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern.
If the daily candle closes with a gain, that signifies a strong indication of a bullish move but the question is, if the bulls decided to run, how far will the up move be?
If targets are at the pattern projection, we’re looking at 1.0900 minimum which is in the same area at the main pivot zone.
If sellers come pouring in, then I’d project a move down to at least 1.0750. With FOMC on the horizon, I wouldn’t be surprised if price whipsawed to stop many traders out before actually making any significant move.
From a purely technical point of view, we’ve got a falling wedge with what is now a more prominent “hidden” MACD divergence.
Long term, I’m bullish on the EUR/USD due to a large bullish pattern that can be observed on both the Monthly and Quarterly time frames.
Projected long term price targets are 1.1500 followed by a second target of 1.2000
We shall see tomorrow with FOMC and NFP Friday morning.
Trade safe and manage risk.
EURUSD I Intraday long from support Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURUSD (H1) Potential buying opportunities may emerge.OANDA:EURUSD EURUSD (H1) Potential buying opportunities may emerge.
Indicators that have manifested:
1. Convergence of the RSI is evident within the lower region, approximately at 1.072
2. The current price range exhibits a narrow band in comparison to the preceding price surge, amounting to less than one-third of the prior increase.
3. The aforementioned resistance levels appear relatively feeble, given the brevity of the resistance duration.
The command can be executed as outlined below:
Buy Stop at 1.07476
Stop Loss (SL) at 1.07384
Take Profit 1 (TP1) at 1.07593
Take Profit 2 (TP2) at 1.07732
Note: Capital management 2%
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