EURUSD - Good 150pips SETUP here!!! EURUSD showed some Sign of Strength last week and now we expect a continuation for the last IMPULSE leg.
We expect EURUSD to pullback to 800ema and fake out a little bit and at this point we expect DXY to be hovering around BASELINE on its H4 (Check previous post) before we take our ENTRY on EU.
#1 ENTRY (Risk Entry, Good Reward) -: Enter LONG when EU reaches 800ema or fakes out below the 800.
INVALIDATION
If EU drops below the initial SL level on the HS indictor on H4, exit all POSITIONS.
TARGETS
If LONG gets triggered we are looking at D1 BASELINE for a clean TP
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
Eurusdlongsetup
EUR/USD best level to buy + 267 PipsDear traders, after the bearish move for the last 1 month, EURUSD appears
to be consolidating. A minor support at 1.0660 has been created and EURUSD
is currently consolidating in a small range.
However, since price has fallen below the 100-day EMA, bulls need to be a
little careful .
That being said, 1.0660 appears to be a good point to buy if price doesn't breach
this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06
and initial TP at 1.08 . Long-term traders can keep their final TPs at 1.11.
EurUsd -> Initiating The ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd is currently approaching a quite obvious previous weekly support area at the $1.065 level which is acting as support again.
You can also see that weekly moving averages and market structure is still bullish, EurUsd is also retesting the lower support of a rising parallel channel so I simply do expect some consolidation at the current level and then a rejection away towards the upside.
On the daily timeframe you can see that EurUsd is still creating bearish market structure but it seems like there is support at the $1.07 level so I am now just waiting for a break above the next resistance at $1.077 and then I do expect a rally towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EURUSD: Tumultuous week!Overview of the market
On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670.
In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
EURUSD UPDATES 130 PIPS
Previous week ideas made 130pips above. IF you follow those charts,
NOw im lookingfor shorts. but I wait for NYC sessions if volume is declining on LOng positions.
This is not a financial advice.
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EURUSD Buy setupeurusd broke the vertical trend line and market is back to retest the strong demand zone
look for bearish confirmation on lower time frames and buy EURUSD with your own money management
always remember that money management and discipline are the keys to become successful in financial world
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 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- Bottom in place?Yesterday, EurUsd spiked under 1.07 and, after a low at 1.0674, the pair reversed and managed to break back above the falling trend line started at the beginning of the month (we also have a long tailed bullish engulfing on our daily chart).
This spike and reversal could very well suggest a bottom in place and EurUsd could be ready for more gains.
Confirmation for a bottom comes with the price above 1.0750-1.0760 zone resistance and, in such an instance bulls could expect more gains with 1.0850 as target and negation under yesterday's low.
EURUSD: Anticipating Non-farm!EUR/USD advances toward 1.0750 amid US debt deal optimism
Fundamental technical analysis:
The Relative Strength Index (RSI) continues to be present in the middle. The average price is still declining, with the 34 EMA and 89 EMA staying steady, creating a consistent downtrend over a period of time. Additionally, the flag pattern has begun to take shape.
Market overview:
On Friday, EUR/USD started to rise after a four-day decline that resulted in the pair reaching its lowest level in over two months near 1.0700. The near-term technical outlook does not yet show a bullish inclination in the short term, and the next directional move may be influenced by the Personal Consumption Expenditures (PCE) Price Index data from the US later in the day.
The US Dollar (USD) was boosted on Thursday by positive macroeconomic data releases from the US, which revived expectations for one more Federal Reserve (Fed) rate increase in June. The US Bureau of Economic Analysis revised the first-quarter annualized Gross Domestic Product growth to 1.3% from 1.15 in the initial estimate, and the weekly Initial Jobless Claims came in below the market expectation of 245,000 at 229,000.
EURUSD Long Term Selling Idea Hello Traders
In This Chart EURUSD HOURLY Forex Forecast By World of Forex
today GBPCAD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video 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.
short eurusdDear friends and companions:
In the daily and 4-hour time frame, we reached the saturation point in selling and the market reacted. Also, the divergence between the price chart and rsi is evident. But most importantly, it was the breaking of the ceiling of the descending channel, which encourages me to only look for buy deals from now on. because we can clearly see the signs of changing the trend.
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