EURUSD: Downtrend!EUR/USD languishes near six-month low, looks vulnerable below mid-1.0600
EUR/USD vulnerable after decisive break below 1.0700, resuming downtrend. A daily close below 1.0650 suggests the pair remains vulnerable to further losses as it looks for the following support to emerge at 1.0625 and then 1.0595. A rally above 1.0830 will change the current outlook to neutral.
Eurusdlongsetup
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD possible buy and sell zone!!Currency Pair : EURUSD
Possible direction : Bullish/Bearish
With Main Refinancing Rate and Monetary Policy Statement coming up, there is very high chance for EURUSD to fill the FVG that has left daily 20EMA as the pricing in 4h moving with a bullish channel. Todays price still above the previous daily low, means, very high probability bulls will try to keep the higher low maintained. As 4h bullish channel is still on, we could see a break of the channel to the upside, which could lean the price to the FVG and breaking the high to the liquidity zone and from that place, we could see sell of to the monthly support zone.
The possible entry would be ideal on the daily support a buy after rejection and a sell upon liqudity grab from the FVG.
Please leave a like if you enjoy this analysis and comment below what do you think, which way EURUSD is heading with the news?
EURUSD: What to know in markets on Thursday!- EUR/USD is holding on to recovery gains near 1.0750 as the US Dollar (USD) remains behind according to mixed US Consumer Price Index (CPI) data.
- The annual measure of US inflation rose 3.7% in August, compared with an expected 3.6% increase. CPI rose 0.6% in August, the biggest monthly increase of 2023 and in line with market estimates. Core CPI rose 0.3% and 4.3%, respectively, compared with estimates of 0.2% and 4.3%.
- US S&P 500 futures boost market optimism, as US data underpins Federal Reserve (Fed) pause bets.
- The yield on the benchmark 10-year US Treasury note fell to 3.21%.
- On Tuesday, Germany's ZEW Economic Sentiment improved to -11.4 in September. However, the index measuring current conditions hit a three-year low at -79.4. "Financial market experts are even more pessimistic about the current economic situation in Germany than in August 2023," the ZEW Institute said.
- The ECB event will be decisive for the short-term direction of the EUR/USD pair, as the focus turns to the Fed's policy announcements next week.
EURUSD: ECB detects leaked reportEUR/USD retreated moderately on Tuesday. It jumped to 1.0769, its highest in a week during the Asian session, but then reversed course, holding above 1.0700. Markets await US consumer inflation data and the European Central Bank meeting.
Data released on Tuesday showed a mixed survey by Germany's ZEW. The current conditions index weakened further to -79.4 (lowest since August 2020) down from -71.3, while the Expected index reached -11.4, above the -15.0 forecast. The report provides more signals about a potential recession in Germany and the Eurozone. These factors weigh on expectations of an interest rate hike by the European Central Bank.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD: Investors wait for CPIThe EUR/USD currency pair experienced a slight recovery after reaching a new low below 1.0700 on Thursday. Although the bearish bias of the pair remains, there is potential for support due to profit-taking and an improved risk sentiment leading up to the weekend.
On Thursday, the US Dollar continued to strengthen against its counterparts following positive weekly data. The number of initial applications for unemployment benefits decreased to 216,000 in the week ending September 2 from 229,000. Additionally, Unit Labor Costs for the second quarter were revised higher from 1.6% to +2.2% in the Bureau of Labor Statistics' initial estimate.
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EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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OANDA:EURUSD
Hello Traders, please check out my previous ideas.
Continuing from the previous analytical scenario, if the euro stabilizes above the yellow zone, the price can climb up to the pitchfork midline.
In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around the red zone and after that 1.064 level.
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EURUSD: Monday!In the European session on Monday, EUR/USD is trading above 1.0800. The pair is experiencing gains due to the overall weak performance of the US Dollar. Investors are carefully considering the divergence in policies between the Federal Reserve and European Central Bank (ECB) as they anticipate EU Sentix data and a speech by ECB President Lagarde. These events come amidst a holiday in the United States.
EUR/USD on the 30M Support and Resistance Zones
Support Levels:
Support 1 @ 1.08354:
The level at 1.08354 serves as an immediate support zone on the 30-minute chart of EUR/USD. The price tends to find buying interest and potentially reverse its downward movement in support levels. Traders should closely monitor this level; a break below it could indicate further bearish pressure.
Support 2 @ 1.07818:
Support 2, located at 1.07818, represents another crucial support level. Historically, this level has acted as a significant area of price reversal. If breached, it may signal the potential for a more substantial downward move.
Support 3 @ 1.07637:
Support 3, situated at 1.07637, is a deeper support level. Traders should be aware of this zone as it represents a lower support level. A break below Support 3 could suggest an increased bearish sentiment.
Resistance Level:
Resistance @ 1.09619:
The resistance level at 1.09619 stands out as a key level of resistance on the 30-minute EUR/USD chart. Resistance levels are where the price often encounters selling pressure and may reverse its upward momentum. Traders should keep a close eye on this level, as a decisive move above it could indicate a bullish sentiment in the short term.
Conclusion:
Understanding support and resistance levels is fundamental in forex trading. These levels provide critical insights into potential price reversals and trend continuations. Traders in the EUR/USD market should carefully observe the identified support and resistance zones outlined in this blog post.
However, it's essential to remember that the forex market is subject to constant fluctuations influenced by various factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management and prudent trading strategies are equally crucial when trading in the forex market.
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD and AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Technical Analysis and Trade IdeaRegarding the EURUSD, it's currently experiencing a downtrend, accompanied by a noteworthy retracement into crucial resistance levels. Our video comprehensively addresses essential components of technical analysis such as the prevailing trend, market structure, price action, price gaps, and other pertinent technical aspects. I'd like to emphasize that all details are thoroughly elucidated within the video, and it's important to note that this content should not be interpreted as financial advice.