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Eurusdlongsetup

EUR/USD at channel support + Pinbar; reversal imminent?Dear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might be just around the corner. I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart , which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support . So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
9
EUR/USD reversal underway, 1.0720 in sightDear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might have just began I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart, which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support. So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
1
EURUSD 4H : New forecast EURUSD New forecast The decline of the euro/dollar pair stopped at the level of 1.0545, rebounded upward, and begins the day with an additional rise to trade above the support of the ascending channel again, facing a conflict between technical factors that makes us prefer to stay neutral until we get a clearer signal for the next direction. We point out that continuing the rise and breaching 1.0632 will lead the price to conduct an upward correction that mainly targets testing the 1.0660 areas, while failing to break the 1.0632 resistance, the price will return to testing the 1.0545 channel support. The expect range trading for today it will be between the resistance line 1.0632 and support line 1.0540. Additionally ,Today News will affect the market . resistance line : 1.0612 , 1.0632 support line : 1.0562 , 1.0540 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
2
EURUSD: The USD increased before the Fed's decision, EURUSD...EUR/USD fell 0.1% to 1.0562, after data showed prices rose just 2.9% in the euro zone in October, the slowest pace since July 2021. ECB policymaker Joachim Nagel said on Tuesday that the European Central Bank must keep interest rates high enough for long enough as inflation in the euro zone has not been overcome despite a significant decline. told in the past year. However, this data leads to the perception that the ECB has completed its tightening and the euro could weaken further if Fed Chairman Powell is seen to take a hawkish stance at the end of the session.
Long
by TrategySherpa
EURUSD BUY FROM STRONG SUPPORT ZONE!!!HELLO TRADERS,, As i am watching this pair is currently trade as we had analysis in our previous chart which is attached in comments and successfully achieved given Tp's now i am expecting euro will drop more till the weekly support zone as we know the ECB Interest rates of Oct noting changed and ECB President Christine Lagarde had a dovish speech in previous week for euro so we are expecting more downside to the strong support zone ahead and then we will get buying trades from that zone with a very low risk and looking for higher rewards This is just Trade Idea kindly share Ur thoughts on EURUSD Pair it will help traders community we appreciate Ur loves and support Stay tune with Us for more updates
Long
by APEX_TRADING_ACADMEY
1
Weekly chart analysis for EUR/USD: Signs of reversal?Hello traders, sometimes, it is essential to analyze the charts in the weekly timeframe to get the bigger picture of the trend. Of course, it doesn't mean that you must take your entries on the weekly timeframe. So, if you look at the weekly chart of EUR/USD, the very first thing that you would notice is the weekly support around the 1.05 area is unbroken . Secondly, if are seeing the formation of a base in the level between 1.05-1.06. So, in the coming trading sessions, if we see a strong impulsive move to 1.0650 and beyond, expect EUR/USD to reach 1.08 and even higher over the course of the next few weeks.
by MarcellusLUX
28
EURUSD - H4\D1EURUSD Locally, the price is moving in an ascending channel, and the corrective movement in this range may continue to the level of 1.07500. To consider the possibility of selling and continuing the downward movement, it is better to wait for the consolidation of the channel level and retest. with targets up to 1.00000 (parity) What can you expect? You can consider entering from the nearest levels of 1.05500 with a small risk, in theory, with a target of 1.07500. It is better not to take increased risks; correction is being traded. Cancel the idea if the price consolidates at the channel level. Long Targets 1.06374 – 1.06954 – 1.07500
Long
by Trade_Hive_Signals
EURUSD Trades Looking For Long, But Daily is Down.{25/10/2023}Educational Analysis says EURUSD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker OANDA. After a downtrend on the daily timeframe, A 4-hour time frame looks promising up to the recent lower high, Long setup after eating stop loss from Short Sellers, Because EU fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 4.45 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD short term Longs to 1.06650 SCENARIO 1- My current bias for EURUSD is that it will currently react off the (9hr) demand zone, which we will expect for price to accumulate in order for us to enter buys up to 1.06650. From were the (6hr) supply zone is located, we will then expect price to slow down and distribute for potential sells all the way back down to 13hr demand zone. Or possibly even lower as there's loads of liquidity lying around those POI's that I have marked out. My confluences for the buys are as follows: - Price tapped in a 9hr demand zone that caused a BOS to the upside. - Market is currently retracing due to the impulsive move up that happened during the past couple days. - Imbalances are left from when price pushed down today that it needs to comeback and fill. - There's lots of magnets that attract price in the bullish directions i.e untouched Asia highs and trend line liquidity. - Price is creating higher highs and higher lows and has shown this via a change of character on the 4hr as well as a break of structure on the 4hr to confirm the shift in trend. - In addition for price to continue going down in a bearish trend overall I would be expecting for price to mitigate the 6hr supply zone above in order to continue going down. P.S. For now I would be expecting wyckoff accumulation to play out in the lower timeframes to give us a indication of were we can find a sniper entry in order to maximise our risk to reward ratio.
Long
by Hassan_fx
1