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Eurusdlong

EUR/USD: A Delicate Balance of Technical Patterns and Market..EUR/USD Embarks on 2024: A Delicate Balance of Technical Patterns and Market Sentiments As the European session opens its doors to 2024, EUR/USD treads cautiously, marking modest declines below 1.1008. The immediate technical outlook suggests a potential extension of the ongoing correction, while market participants exercise caution, refraining from substantial commitments in anticipation of pivotal macroeconomic data releases scheduled later in the week. December Triumphs and Dollar Dynamics: EUR/USD showcased resilience throughout December, securing gains of over 1% and achieving a second consecutive month of positive momentum. This upward surge was fueled by a weakening appetite for the US Dollar (USD) as investors speculated about an imminent Federal Reserve (Fed) rate cut, possibly in March. In contrast, European Central Bank (ECB) policymakers stood firm on their non-committal stance regarding any policy pivot, underscoring the premature nature of such considerations. Technical Insights and Bullish Channel: From a technical perspective, EUR/USD continues to navigate within a bullish channel. Presently positioned within the 50% to 61.8% Fibonacci area, the currency pair presents an intriguing opportunity for a potential pullback. Analysts eye a continuation of the bullish trend, envisioning a swing setup unfolding in the upcoming sessions. Anticipated Data Releases and Market Focus: In the unfolding day, market attention gravitates towards S&P Global's imminent release of revised December Manufacturing PMI figures for Germany, the Euro area, and the US. These anticipated data points hold the promise of offering crucial insights into the economic performance of key regions, shaping market sentiments in the process. Our preference Long positions above 1.09290 with targets at 1.1150 & 1.1200 in extension.
Long
by FOREXN1
1
EURUSD Longs from 1.09600 up towards 1.11000My forecast for this week aligns with my plan for GU as anticipated, with some minor adjustments. The concepts remain consistent, but the positioning is extended due to the trend line liquidity near the current price. I expect this liquidity and the Asian low to be taken out, leading price down towards the 5hr demand zone. Upon the formation of a Wyckoff accumulation pattern, I plan to initiate buy positions, targeting a move back up towards the 10hr supply zone located at the psychological level of 1.11000. This pair is currently favourable for me, exhibiting ideal price structure and aligning with a pro-trend perspective. Confluences for EURUSD Buys are as follows: - Unmitigated 5hr Demand zone has been left which caused a major BOS to the upside. - Temporary trend is also bullish as price has broken structure once again. - DXY is still looking bearish meaning that EURUSD is expected to rise. - Trend line on top of demand is a good sign as price will sweep liquidity before entering. - In order for price to continue in its bullish course, it must ideally react off a demand level. P.S. While I anticipate an initial drop to mitigate the demand, I acknowledge the possibility of remaining upside. This could lead price to react off the 10hr supply, subsequently eliminating the trendline liquidity below. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
Long
by Hassan_fx
EUR/USD ⬆️ Long Trade Setup ⬆️Hello Everyone 🙋🏽‍♂️ Waiting to hot the resistance price 💲 Entry Point : 1.10989 🟢 TP 1.12763 🔴 SL 1.10139 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Long
by EMA_Trading
Sniper Trading System Trade Break Down 12-29-23As we study #PriceAction - Our 12am Indicated the Bullish Play on this last #TrapDay of 2023 - The #Algorithm raided the 1st #StandardDeviation to entice Timmy, Lenny, & Tenisha nem to chase the sell because they had no clue we are BULLISH today.💰 Around 5am the Algorithm followed it's DAILY route- Consolidated turned around and liquidated the Shorts and tapped the Sell Stops and liquidated them as well. #SmartMoney Bought the WICk of the #SwingLow which is our #DrawPlay 🔼 Typically price will Trend to the 3rd or 4th #StandardDeviation in confluence with the #Trend that day. 😮 then retrace and or Reverse. This is the 2024 DAILY Schedule. This schedule makes us the #BANK ✔🤫🥶💵 LEARN IT! 📌💵 #SniperGang 🏦🏦🏦
Long
by Master-Jedi-Trader
1
EUR/USD Faces Headwinds Amid Economic Data,Bulls Remain in...EUR/USD Faces Headwinds Amid Economic Data, Yet Bulls Remain in Control On Thursday, the EUR/USD encountered headwinds, struggling to maintain levels above 1.1050 as of the current writing. The pushback comes in the wake of economic data releases that failed to provide a significant boost to the euro against the US dollar. US Jobless Claims and Pending Home Sales: The US weekly Jobless Claims report revealed a larger-than-expected increase in Initial Jobless Claims, reaching 218,000—the highest level in three weeks. Continuing Claims also climbed, reaching 1.875 million. Additionally, Pending Home Sales remained stagnant in November, falling short of expectations for a 1% increase. Despite these figures, the data did not exert a substantial impact on the US Dollar or alter monetary policy expectations. Upcoming Data and Bullish Outlook: Looking ahead, the market's attention turns to Friday's release of the Chicago Purchasing Managers' Index (PMI), expected to decline to 51 in December from 55.8 in November. Despite the recent headwinds, the EUR/USD remains in the grasp of a bullish rally. Analysts foresee a potential pullback in the near term, particularly around the 50% - 61.8% Fibonacci retracement levels. This scenario could pave the way for a swing impulse, providing an opportunity for the currency pair to gather momentum for its next upward move. Anticipating a Pullback: With an eye on the technicals, market observers are looking for a pullback within the 50% - 61.8% Fibonacci level, anticipating a strategic entry point for a potential swing in favor of the prevailing bullish trend. Conclusion: While economic data and current market conditions pose challenges for the EUR/USD, the overall bullish sentiment persists. Investors and traders are on the lookout for a pullback within the identified Fibonacci area, considering it a potential opportunity for the currency pair to regather strength and resume its upward trajectory. The unfolding dynamics in the coming days will undoubtedly shape the course of the EUR/USD, offering insights into the resilience of the ongoing bullish rally. Our preference Long positions above 1.0950 with targets at 1.1150 & 1.1200 in extension.
Long
by FOREXN1
1
GBPUSD: - A Detailed Analysis of Market Structure and FibonacciWelcome to my TradingView profile! In this article, we will embark on a journey together to explore the intriguing prospects of EURUSD, guided by the fundamental principles of market structure and Fibonacci retracement. I invite you to join me in analyzing one of the most traded currency pairs. Our primary instruments will be market structure, the identification of the trend direction, and the application of Fibonacci levels. We will delve into how these factors can provide meaningful insights for making informed trading decisions. he inclusion of detailed charts and illustrations will aid in visualizing the discussed concepts. We will explore key Fibonacci retracement levels and how they interact with the overall market structure. This will be an informative article, focusing on understanding the market context and applying fundamental concepts of technical analysis. The goal is to provide a clear perspective and stimulate critical thinking within our trading community. If you find this analysis valuable, I encourage you to subscribe to stay updated on my latest posts and market analyses. This is just the beginning, and subscribing will allow you to be among the first to receive updates and trading ideas. Feel free to make any adjustments or let me know if there's anything specific you'd like to modify!
Long
by ICTBulletFX
EURUSD: The USD fell as expectations of interest rate cuts increThe U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. Market participants are keeping an eye on the timing of the U.S. Federal Reserve's interest rate cut. The futures market indicates that there is an 89% probability that interest rates will be cut by March 2024, and it has been pointed out that there is a possibility that interest rates will be cut by March next year. Despite these forecasts, some analysts, including those at Monex USA, have expressed skepticism about the Fed's willingness to ease early, saying the dollar could appreciate if the expected rate cuts do not materialize. suggested. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Analysts at Monex USA highlighted the unstable economic situation in Europe and the United Kingdom, predicting that their central banks could cut interest rates before the Fed. The euro rose 0.09% to $1.1113, close to a five-month high and posted a 3.7% annual gain, its best performance since 2020.
Short
by Chart_MasterPro
EURUSD: Bullish consolidation? (Part II)In the short term we can say that the FX:EURUSD pair is bullish above 1.0930 (bullish scenario invalidation) on intraday chart. That said, from a technical perspective, we have already reached our previous Target around 1.1040 (see chart/idea below), and from this area a corrective structure should be logical with a potential ABC Pattern. If this idea is correct, the price should return below wave 4 (1.0994) before triggering a new rally. If we look at the 1H chart we see that the Price Action moves within a bullish channel, so the support area could be around 1,098/1,072. In conclusion, if the trend remains bullish, we expect a new consolidation at least around 1.1090 area in the short term. 1.1000-1.1040 TARGET (Click on Chart for details) C.O.T. Analysis (Click on Chart for details) What's you opinion? ...are you bullish or bearish on this pair? Trade with care. Like | Share | Comment
Long
by TheAnonymousBanker
14
EUR/USD:Technical Analysis Points to Bullish ContinuationEUR/USD Pauses in Holiday Hush: Technical Analysis Points to Bullish Continuation As the last week of 2023 unfolds, the EUR/USD pair finds itself meandering within a narrow range during the early European session on Wednesday. The subdued market activity is characteristic of the holiday season, contributing to a quiet trading session. Currently hovering near 1.1041, the pair exhibits a marginal 0.01% dip for the day. Technical Outlook: Examining the four-hour chart, the positive outlook for the EUR/USD pair remains steadfast. A noteworthy observation is the pair's ability to maintain its position above the key 50 Exponential Moving Averages (EMA). This stability aligns with our previous analysis, where we correctly predicted a target of 1.1065. With this level nearly attained, our analysis prompts a strategic adjustment, moving the take-profit (TP) marker to 1.1100. Holiday Respite and Market Sentiment: As the year draws to a close, the absence of impactful economic events, commonly referred to as "Red news," is expected to contribute to the prevailing market calm. With no significant disruptions anticipated until the new year, market participants may find themselves in a holding pattern, reinforcing the current bias favoring a bullish continuation for the EUR/USD pair. Looking Ahead: The technical indicators and market sentiment suggest a positive trajectory for the EUR/USD pair. Traders and investors, while mindful of the holiday season's potential impact on liquidity and volatility, can find solace in the pair's resilience above the 50 EMA. As we adjust our target to 1.1100, the focus remains on the potential for a bullish continuation into the new year. Our preference Long positions above 1.08600 with targets at 1.11000 & 1.1150 in extension.
Long
by FOREXN1
1
💡 EURUSD: Forecast December 26EURUSD has breached the 1.10 level, but we cannot yet consider this a breakout because selling pressure has also reappeared, shown by a notable Doji pattern on the daily frame. You temporarily stop trading, pay attention to the tops and bottoms of this model. If it breaks to the bottom, it will likely create a peak in the short term, and the reversal traders can consider returning. In case the price breaks the top of the pattern, meaning it has been invalidated and confirmed the breakout, then trend followers can consider entering an order and targeting the upper border of the rising price channel.
Short
by Stone_Haven
4