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Eurusdlongsetup

EURUSD | Hidden Bullish Divergence | AB=CDEURUSD is currently at a strong support level, and it has tested a highly robust support zone before starting to move upward. Additionally, there is a Hidden Bullish Divergence observed on both the 1-hour and 4-hour timeframes, indicating a potential reversal zone (PRZ). Furthermore, a completed Bullish Harmonic Pattern AB=CD has formed, and this pattern coincides with the PRZ zone. The EURUSD pair has reached a significant support level and has shown signs of a potential bullish reversal with the presence of Hidden Bullish Divergence on both the 1-hour and 4-hour timeframes. Moreover, the completion of the Bullish Harmonic Pattern AB=CD at the same PRZ zone further reinforces the possibility of an upcoming bullish price movement. However, it's important to exercise caution and conduct further research and analysis to confirm the validity of these indications before making any trading decisions. Market conditions can change rapidly, so staying informed and considering multiple factors is crucial for successful trading.
Long
by awaisulabdeen
4
EURUSD - Wait for a long position ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.09000. Fundamental analysis: Upcoming week on Tuesday will be released monthly Retail Sales in USA. If the result is negative for USD it will support the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
EUR/USD 30M Support and Resistance LevelsSupport Level 1 (1.09105): At 1.09105, we observe the first level of support for the EUR/USD. This level has historically demonstrated its ability to halt downward price movement. Traders are advised to keep a watchful eye on this level, as any price action around 1.09105 could potentially signal a shift towards upward momentum. Resistance Level 1 (1.10050): The 1.10050 level serves as the initial resistance for the EUR/USD. A successful breach above this level might suggest a potential bullish breakout, possibly indicating an extension of upward gains. Traders should closely monitor how the price reacts around 1.10050 for potential bullish signals. Resistance Level 2 (1.10484): At 1.10484, we encounter a more formidable resistance level. Surpassing this level could signify a stronger bullish move in the near term. However, traders should exercise caution, as historical data indicates that breaching this level has been a challenging endeavor. Conclusion: To sum up, an examination of the 30-minute chart of EUR/USD illuminates crucial support and resistance levels that traders should be attentively observing. The support at 1.09105 is pivotal for potential reversals or the continuation of an ongoing trend, while resistance at 1.10050 and 1.10484 provides insights into potential bullish breakouts. It's important to remember that technical analysis serves as a guide, and prudent risk management practices are vital when navigating the dynamic landscape of forex markets. Always approach trading with careful consideration of the associated risks and rewards, as markets can be unpredictable despite the insights gleaned from analysis.
by enclavefx_Analaysis
EURUSD 30M Support and ResistanceIn the world of forex trading, deciphering technical levels is akin to navigating a map in uncharted waters. This concise analysis delves into the 30-minute chart of EUR/USD, shedding light on vital support and resistance levels that can empower traders in their decision-making. Support Level 1: 1.09514 Our journey begins with a prominent support level of 1.09514. This historical anchor showcases instances where EUR/USD has found stability amidst downward trends. Traders are keenly observing this level, as a rebound could indicate an impending upward shift. Conversely, a breach might imply further declines, underscoring the role of this support in gauging market sentiment. Support Level 2: 1.09344 As we delve deeper, the second support at 1.09344 comes into focus. This level acts as a reinforcing foundation, potentially providing a safety net if the price encounters downward pressure. Traders are attuned to any signs of the price respecting this level or potentially dipping below, which could lead to heightened market activity. Resistance Level 1: 1.09900 Venturing upwards, we encounter the first resistance at 1.09900. This juncture has consistently challenged upward momentum, representing a significant hurdle to overcome. A successful breach might herald a continuation of a bullish trend, while a retreat could result in range-bound movement. Traders are closely monitoring the price's reaction around this resistance level to assess its potency. Resistance Level 2: 1.10100 Building on the prior resistance, the second level at 1.10100 presents a pivotal milestone. Its significance lies in the potential for a price surge after surpassing the initial resistance. However, it also serves as a likely point for profit-taking, potentially causing temporary slowdowns or reversals. Traders are attuned to the interplay between upward momentum and resistance intensity. Resistance Level 3: 1.10500 The final resistance at 1.10500 stands as the ultimate challenge before scaling higher peaks. If EUR/USD clears the preceding resistance levels, conquering this juncture might signal a robust upward surge. Traders, however, must be prepared for heightened volatility and potential corrective moves around this level. In summation, the EUR/USD 30-minute chart paints a dynamic picture characterized by crucial support and resistance zones. Traders scrutinize how the price interacts with these levels to discern short-term sentiment and potential market direction. While these levels are invaluable guides, a comprehensive analysis, coupled with prudent risk management and consideration of broader market trends, remains paramount for crafting effective trading strategies.
by enclavefx_Analaysis
EUR/USD 30-Min Chart: Navigating Crucial Support and Resistance Step into the world of currency trading as we dissect the EUR/USD 30-minute chart. Unveil the technical intricacies that can illuminate your trading decisions by identifying key support and resistance levels. Support Levels: 1.09514: The initial stronghold. A potential bounce from here could signify an upward shift. 1.09343: Delving deeper into support. Keep a watchful eye for potential trend changes around this mark. 1.09101: The lowermost support. If breached, it might indicate a more substantial alteration in trend direction. Resistance Levels: 1.10120: The first hurdle. Breaking through this level could pave the way for further upward momentum. 1.10475: An intriguing juncture. Pushing beyond this might signal a strengthening bullish sentiment. Remember, the markets are ever-evolving. These levels are tools to guide you, not certainties. Blend them with a comprehensive trading strategy and consider broader market factors. Stay adaptable and trade wisely. Happy trading!
by enclavefx_Analaysis
EurusdOver time for weeks now,we've seen a pump in DXY therefore seeing a decline in Eurusd and other pairs where dollar is the qoute currency.... On thursday before friday's N.F.P news release, we had price fill up an F.V.G on the daily time frame, which after dropping into the 1hour time frame on thursday you'd have noticed a change of character on the 1hr and time frames below it.... During the N.F.P on friday, we say price mitigating and completing the change of character left on thursday. Therefore enhancing our bullish move.. Next week, i'd love to see a retracment into the marked 4hr F.V.G for a continuatoin upward....
Long
by Troubleking
EURUSD: One-way movements before NF and the influence of USDEUR/USD is recovering from its lowest level since July 07, finding support from a descending trendline that has been in place for three weeks. As of early Thursday, the currency pair is hovering around 1.0940. This bounce can be attributed to the oversold RSI (14) line, as well as market sentiment regarding inflation and employment data from both the Eurozone and the US. Additionally, a stronger S&P500 Futures and a decrease in Treasury bond yields have contributed to a consolidation of recent losses for EUR/USD. Possibility to keep dropping in multi-frame 1D
Short
by Sphyn-Trader