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Eurusdlongsetup

EURUSD: The bears will approach the support zone!The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the continuation of the downtrend. No information has been omitted from the original text. Therefore, the EUR/USD quotes are set to test the confluence of the 1.0730 support level consisting of the DMA 50 and DMA 21 lines as traders start the important week. Overall, EUR/USD is likely to fall further but the retracement range below 1.0730 appears to be limited.
Short
by Sphyn-Trader
2
Characterised by inefficiencyEURUSD The 4h supply mitigation led to a one direction movement decrease, price filled this inefficiency in a corrective manner by a bullish uptrend. Price managed to break the structure and made a young pull back to the breaker block which then increased all the up to create the highest peak. The market aggressively dropped and mitigated the demand zone in a dominant bearish manner that created yet another inefficiency. Price the shot all the up to correct this imbalance, noticed a slight rejection from the fair value gap then price continued to rise. The peak was respected as a supply zone, price did not provide the satisfactory liquidity sweep, formed a minor distribution phase and dropped to imbalanced demand zone. With this hammer candlestick the market is showing a high possibility of driving price all the way up to make the awaited liquidity sweep…
by tokelohomi
4
EURUSD: Upward pressure continues!On Thursday, the EUR/USD pair is steadily progressing and is close to reaching the 1.0900 level before Wall Street opens. Investors remain optimistic as news related to banking has reduced and the aggressive monetary tightening case has weakened. According to recent news, Federal Reserve Chair Jerome Powell revealed the central bank's expectation of one more rate hike during a private meeting with US lawmakers, but this was before the banking crisis and had little effect on financial markets. Inflation data from the Eurozone added to the positive sentiment as it indicated a further decline. The initial report on the Harmonized Index of Consumer Prices showed a 3.1% YoY increase in Spain for March, compared to a 6% increase in February. In the same period, the German HICP rose 7.8% YoY, down from 9.3%. Meanwhile, the final revision of the Q4 Gross Domestic Product in the United States remained at 2.6%, slightly lower than the previous estimate of 2.7%. Initial Jobless Claims for the week ending March 24 were 198K, which was below market expectations. Later in the day, attention will turn to the speeches of several Fed speakers and Treasury Secretary Janet Yellen. The EUR/USD pair is trading close to its highest point of the day, and the daily chart indicates that it is consistently achieving higher highs and higher lows. It has surpassed bullish moving averages, and the Momentum indicator in the same timeframe is consolidating at positive levels. The Relative Strength Index (RSI) indicator is also showing a strong bullish trend at around 62. Based on the 4-hour chart, technical indicators are almost vertical and reaching overbought levels, suggesting a potential for upward extension. The 20 SMA is providing intraday support at 1.0830 and is widening the gap with the bullish 100 and 200 SMAs, which are over 100 pips lower than the former. Support levels: 1.0875 1.0830 1.0790 Resistance levels: 1.0910 1.0950 1.1000
Long
by Sphyn-Trader
1
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0619 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. - After that, EURUSD can go up to 1.2000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
EURUSD LONG OR SHORT???‼️We, the FxShzd team, are back with an update on our previous analysis of the EURUSD pair. As an always-interesting asset, the pair has continued to display precise movements, responding well to each support and resistance level. Our team has identified new supply areas, presenting an attractive short-term shorting opportunity. Notably, our first supply area contains a significant amount of liquidity just above, which we expect to capture before the price experiences a substantial directional shift at the subsequent supply zone. To increase trading potential, we always look for confirmational entries in lower timeframes, especially after a BMS. Should we identify a favorable entry point, we will share it with our followers via prompt updates. To stay up-to-date with our analysis and ensure you do not miss any trading opportunities, we encourage you to follow our updates closely. Thank you for entrusting us with your trading endeavors.
by FxShzd
EURUSD LONG After analyzing the EUR/USD chart, it is evident that the currency pair is currently in a bullish move, as it broke the previous high and forming new higher highs. However, we anticipate a minor correction before the pair continues its upward momentum. We have identified a key level of supply and demands which detemined supply is for 4H. these areas are crucial to monitor for potential trading opportunities, especially for those looking to long the pair. If you have any questions or comments regarding this analysis, please feel free to share them with us. We always welcome feedback and additional insights from our readers. Overall, we remain optimistic about the outlook for the EUR/USD in the near term, but as always, we advise traders to exercise caution and ensure they have a solid trading plan in place before entering any positions.
Long
by FxShzd
9
EURUSD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here price rejected from bearish order block so I started to look for shorts. I have 2 points of interest, for both of them I expect firstly price to fill the imbalance and then to reject from that zone. Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
EURUSD BuyThe Federal Reserve (Fed) raised its key interest rate by 25 bps as expected to 4.75% -5.00%. The vote was unanimous. They dropped the forward guidance, mentioning that “some additional policy firming may be appropriate”, instead of “ongoing increases in the target range will be appropriate”. In a few minutes, Chair Powell's press conference will begin. The US Dollar dropped sharply boosting the EUR/USD to the upside. Markets are looking at the decisions as a “dovish hike”. Wall Street indices printed fresh highs. The improvement in risk sentiment weighs on the US dollar. EURUSD h1 price is in an uptrend. However, now traders need to wait for another short correction of this pair to have the best buying opportunity. Recommend waiting to buy around 1.0820, SL: 1.0770, TP: 1.0950
Long
by VTmarkets
1
EURUSD BULLISH! Sniper Trading SystemSniper Trading System Narrative: The 1HR gives Bullish indication while the 15min gives Bearish indication typical on a day of FOMC News at 2 & 2:30PM EST. Expect Consolidation before news and heavy volatility. Right now the Bulls want it on the higher time frame. o for now we will go with the Bullish set up. Hard stop at 1.06760 a pippet below MZ Structure. Target 1.08337💰 1 Shot 1 Kill. #SniperGang 🏦🏦🏦 Never over leverage. Trust your trade set up. Have fun! Now let's see if price follows the script!
Long
by Master-Jedi-Trader
1
EURUSD UPDATE ✅✳️❕‼️❕Just to update our last trades in EURUSD: Educational: What we have seen on the chart it was quite clear, we had clear swp, then nice CHoCH, after that we have determined 5 min POI, becasue in 1M was not recognisable perfectly, Our entry mainly are in 50% of POI but sometimes bottom of POI are right place to enter, Again better for you to check and follow the chart in 5M becasue all this moves are for that TF, Always wait for the clear trade, dont jump in silly trades, here we have third position on EURUSD after collecting that liquidity just above tripple highs, Any question comment me bellow, @FxShzd team
Short
by FxShzd
4
EURUSD BuyThe EUR/USD pair has found a cushion around 1.0670 in the early Tokyo session. The major currency pair is expected to recapture the round-level resistance of 1.0700 as investors are quite confident about a less-hawkish interest rate decision by the Federal Reserve (Fed), scheduled for Wednesday. Considering the declining trend in the United States inflation and banking debacle, the Fed is expected to remain steady or hike interest rates by 25 basis points (bps) on order to maintain pressure on inflation. The US Dollar Index (DXY) is defending the 103.60 cushion, however, the downside seems favored as investors’ risk appetite is improving. S&P500 futures are showing strong recovery in early Asia after a battered Friday as the headline of UBS taking over Credit Suisse is infusing confidence among the market participants. EURUSD h1 main trend is still bullish. In the short term, it is possible that the pair will continue to move up to the 1.0750 resistance area. Recommended to wait to buy to 1.0660, SL: 1.0630, TP: 1.0740
Long
by VTmarkets