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Eurusdlong

Gains momentum above 1.0950 amid overbought conditionThe FX:EURUSD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. The weaker US dollar and lower US Treasury bond yields lend some support to EUR/USD. Investors will take more cues from the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which could potentially provide insights into the trajectory of future policy rates. According to the four-hour chart, the bullish potential of EUR/USD remains intact as the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA). It’s worth noting that the Relative Strength Index (RSI) holds in bullish territory above 50. However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. That being said, the immediate resistance level for EUR/USD is seen near the upper boundary of the Bollinger Band at 1.0978. The critical upside barrier is located near a psychological round figure and a high of August 11 at 1.1000. Any follow-through buying will see a rally to a high of August 4 at 1.1042, en route to a high of July 27 at 1.1149. On the downside, the 1.0895–1.0900 region acts as an initial support level for the major pair. The mentioned level is the confluence of the psychological mark and a high of November 16. Further south, the next contention level will emerge near the lower limit of the Bollinger Band at 1.0817. A break below the latter will see a drop to the 50-hour EMA at 1.0759, followed by a high of November 9 at 1.0725.
Long
by tradingconmike
EURUSD 4H :Retest and then rise up EURUSD New forecast The euro/dollar pair rose in yesterday's trading and ended above the 1.0808 level, confirming the continuation of the dominance of the bullish corrective trend. so positive targets will be began by breaking 1.0882 level and reach to 1.0906 and 1.0935 . Therefore, the upward scenario will be remain valid during coming period ,supported by moving average 50 that is continue to support the price to rise up , but right now the price need to forms the negative correction to 1.0836 and if can break it then will be continue at the negative correction to 1.0808 then will rise up , taking into account that stabilized under 1.0808 will postponed the bullish trend . The expect range trading for today it will be between the resistance line 1.0882 and support line 1.0808. Additionally ,Today News will affect the market . resistance line : 1.0882 , 1.0935 support line : 1.0836 , 1.0808 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
13
📊 EUR/USD Analysis 🌍💱📊 EUR/USD Analysis 🌍💱 External Liquidity Excluded 🚫💧: By eliminating external liquidity factors, a clearer perspective emerges on the EUR/USD pair, allowing for a more precise analysis. Smart Money Concept 🧠💸: The Smart Money concept indicates a bullish inclination, with strategic moves by major players aligning with the current upward trend in EUR/USD. Target: External High Structure 🎯📈: The focus turns to the targeted external high structure, signaling a potential bullish momentum. Traders should keep a keen eye on this level, as it may act as a significant support-turned-resistance zone. Key Factors Influencing Bullish Outlook 📈🔍: Fundamental Analysis 📊🌐: Positive economic indicators and favorable geopolitical factors contribute to the bullish sentiment. Stay updated on relevant news and economic releases. Technical Analysis 📈📊: Chart patterns and key technical indicators likely support the prevailing uptrend. Utilize technical tools for precise entry and exit points. Market Sentiment 📰🤔: A positive overall sentiment among market participants reinforces the Smart Money concept, affirming the bullish outlook. Risk Management 🛡️📈: Effective risk management, including the use of stop-loss orders and proper position sizing, is essential to mitigate potential losses and capitalize on the bullish trend. Conclusion 📈📊: In conclusion, the EUR/USD analysis, excluding external liquidity, suggests a bullish trajectory. The Smart Money concept and the targeted external high structure provide valuable insights for traders. Stay vigilant, manage risks, and adapt your strategy to market developments for successful trading. 🚀💹
Long
by Asif_Brain_Waves
The surpass of 1.0900 should expose 1.0945FX:EURUSD adds to Thursday’s small gains and flirts with the key 1.0880 region at the end of the week. The continuation of the upward bias could challenge the immediate up-barrier at 1.0900 ahead of the weekly high of 1.0945 (August 30). Once the latter is cleared, spot could challenge the psychological threshold of 1.1000. So far, while above the significant 200-day SMA, today at 1.0804, the pair’s outlook should remain constructive.
Long
by tradingconmike
EURUSD fails with positive consolidationHello everyone, The EUR/USD pair was unable to hold above the support floor that it tried to form above the 1.0860 level, trading negatively and heading towards an expected visit to the 1.0801 areas, so the bearish bias is likely for today, with the need to monitor the price when it reaches the aforementioned level, as breaking it represents the key to returning to the path. The main bearish trend and achieving an additional decline, with its next target reaching 1.0742. On the other hand, it should be noted that breaching 1.0860 will stop the negative scenario and push the price to conduct a new upward correction targeting the 1.0907 areas in the near term. Pivot Price: 1.0860 Resistance prices: 1.0907 & 1.0949 & 1.0988 Support prices: 1.0801 & 1.0742 & 1.0697 The general trend expected for today is bearish
Short
by Evar_Mayi
28
EURUSD (Next Movmint)The euro/dollar pair ended yesterday's trading below the 1.0860 level after the positive attempts it witnessed in the past sessions, so that the downward trend remains expected in the immediate term, which targets testing the 1.0801level as a main next stop. The Stochastic indicator provides negative signals that support the chances of resuming the expected downward trend, keeping in mind that breaching 1.0860 will push the price to conduct an additional upward correction, with its next target reaching the 1.0907areas. Pivot Price: 1.0860 Resistance prices: 1.0907 & 1.0949 & 1.0988 Support prices: 1.0801 & 1.0742 & 1.0697 The general trend expected for today: bearish
by Evar_Mayi
EUR/USD Bullish Breakout StrategyThis EUR/USD trading plan is based on a bullish breakout strategy, with execution hinging on a daily candle close above the key 1.1000 level. The close above this threshold will act as a confirmation of the bullish sentiment, suggesting strength in the upward trend. Following this signal, the strategy involves setting a buy limit order at 1.092, anticipating a minor retracement that provides a favorable entry point while maintaining the integrity of the bullish outlook. The selection of 1.092 for the entry takes into account the typical ebb and flow post-breakout, allowing traders to capitalize on a pullback for better positioning. The first profit target (TP1) is set at 1.1200, a level with historical significance that may present a reasonable hurdle for the price. The second profit target (TP2) at 1.1500 is more aspirational, aligning with a major resistance area on the broader timeframes, thus offering a compelling reward should the bullish trend continue. A stop loss at 1.0650 is strategically placed below recent lows to mitigate potential losses, providing a sound risk management structure. This SL placement ensures the trade can withstand some volatility without being prematurely stopped out. The strategy is underpinned by current fundamental factors such as interest rate paths and inflation differentials between the Eurozone and the U.S., which are critical drivers for the currency pair. Moreover, the trade setup is adaptable, with a readiness to respond to new economic releases and shifts in market sentiment.
Long
by Fexcat
EURUSD: The US inflation report stirred optimism about balanced Tuesday's dovish US inflation report increased confidence that the Federal Reserve can effectively manage consumer prices without harming the economy. This so-called "Goldilocks" scenario is neither too hot nor too cold and is considered beneficial for both stocks and bonds. The asset class posted strong gains in November after continued uncertainty, fueled by expectations that the Fed was unlikely to raise rates further, leading to market volatility. School from early 2022. Inflation statistics released on Tuesday confirmed this view. For the first time in more than a year, consumer prices remained steady month-on-month in October, a softer result than analysts expected. At the same time, there is little evidence that tighter monetary policy is causing significant harm to the economy, supporting the view that prices can continue to cool without hindering growth. Eric Kuby, Chief Investment Officer at North Star Investment Management Corp, commented on the market reaction to these developments. "The broader market has been challenged with this consensus negative view on both recession and inflation," Mr. Kuby said. "The reality is telling a different story. This is a Goldilocks moment for the entire market. ” The data prompted strong gains in stocks and bonds. The S&P 500 rose 1.9% on the day, its biggest single-day gain since late April. The index is up 9% from its October low. The benchmark 10-year Treasury yield, which is inversely correlated with bond prices, fell to its lowest level since late September, more than 50 basis points below the 16-year high it hit last month. In response to the inflation report, federal funds futures traders said Tuesday that the Fed would avoid further rate hikes and expect to cut rates by about 100 basis points in 2024, up from a 75 basis point cut expected before the report. I expected it.
Long
by Chart_MasterPro