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Eurusdoutlook

EURUSD UpdateThis is an update on the EURUSD analysis I shared last week with you guys, I was anticipating to see EURUSD trade higher to then trade lower and take sellside liquidity BUT now having seen how the WEEKLY time frame of both the EUR and the DXY are, I'm convinced we should anticipate buys to see buyside (The high Marked As A Weak High) liquidity taken, We would do good to anticipate buying on the rejection of the weekly which is aligned with a bullish daily Order block.
Long
by TheHumanArsenal26
2
EURUSD next target above 1.1000 level**Monthly Chart** EURUSD monthly timeframe shows the price is in a narrow range between 1.0700 and 1.1000 which needs to break on either side. **Weekly Chart** The price movements looks very clear when you move into a weekly timeframe, although the market is moving in a range. There is a ring high formation as of 25Dec2023 weekly candle, which tested the monthly high and liquidity pool around the MC candle of July 2023 before pushing lower. Currently, the price tested the pin bar of 12Feb 2023, grabbed liquidity, and started moving higher. The next target is expected to be above 1.1000 level. **Daily Chart** This week EURUSD moved lower only to grab liquidity after testing 0.886Fib level in the demand zone and pushed the price higher, suggesting a continuation of the bullish trend. Next target will be above 1.10500 level. NFP numbers yesterday (05.04.2024) were unable to push EURUSD lower, although the numbers came good for USD. US Work force adds 303K jobs in March - far more than expected. That's why I am aware of the fundamentals but I follow the technical as it tells the bigger story.
Long
by PropSignals
EURUSD Intraday Long on NFP Day.Hello Fanatics! Today is NFP, which is usually a low-quality day to be trading. We never know what is going to happen. My tip is to wait for the news release to be out and only then look to flow with whatever the market is showing you. Today, I am just testing this video recording and sharing a quick idea on EURUSD. Based on all the timeframes - we are stuck between supply and demand zones, so it's low-probability to start with. However, there could be a quick intraday move into a 4H Imbalance. Waiting for 1H or 15M context to enter from and target the 4H Zone.
by TradingFanatic
Optimistic Market on remarks by Fed Chair, J Powell ♦️The Market is Flying with Optimism after ADP data was better than Forecasted, Services data missed forecasts but Fed Chair Jerome Powell has said that he does not think that inflation is reversing higher. The monthly candle has flipped bullish along with the Weekly candle as price has done a complete 180 from our initial selloff early in the week. Yes, we dropped to begin the month but it was the first day of the month and each monthly candle has a top and bottom wick. The tuesday daily candle closed back above the weekly level 1.0765. The wednesday daily candle dropped slightly and retested 1.0765 prior to blasting to outer space. That is one mighty candle and trading against itis not impossible but will require extra monitoring. We observed some very nice volatility today as we completely blew through the daily resistance zone 1.079 and are currrently testing daily resistance level 1.08372. The asian session 4hr candle closed above this daily level 1.08372 and we may keep flying . If not, and we come back down to earth, then I anticipate a retest of 1Hr support zone 1.0833 prior to more significant buying pressure. London may just shoot up to the next 4hr zone then pullback as we transition into New York Open is another scenario that could play out. We may observe some volatile ranging prior to NFP on Friday. It's important to look left to see what zones are most relevant for the new days trading. the prices I like for the upcoming sessions include 1.08429 1hr zone, 1.08524 4hr resistance zone, and 1.08330 1hr support zone.. safe trading
Long
by ShrewdCatfx
EUR/USD at critical support, trade with cautionHello traders, EUR/USD is at a very critical support zone. I say critical because this is the last noticeable support zone. The next support lies far lower at 1.0460. So, at this stage, it would be wise to exercise caution, especially buyers. We can see that price has already gone up by 45+ Pips from the support zone. In the past, there were 2 occasions where EUR/USD went up from this zone. So, if anyone I wants to buy, I would recommend buying at 1.0700-1.0730 with Stop loss below the 1.0690 level. Targets would be 1.0850 and 1.0950 Today, we have some important data release and also Fed Chair Powell's speech which wil lead to a lot of volatility.
by KaltoireCapital
13
EurUsd Pullback treads between Key Level's 1.0765/1.0790 🎚️Hello Traders.. In our previous analysis (24hrs ago) we called out Longs/Buys from 1.0732 and price is currently 1.0770, an increase of 40 pips. The Monthly candle pulled down to begin the month and as we enter Wednesday the candle is returning to Break even after dropping 60 pips. The market now treads above the weekly level 1.0765 and will this sustain until the end of the week.. it's possible although I dont think we've seen the end of USD momentum this week but maybe we have. Maybe the market will pull up it's pants and the Eur will make a difference lol. The Tuesday daily candle closed bullish back above the weekly level 1.0765, this level we must watch closely... The wednesday daily candle already broke the high of the previous candle .. hmm... If we do head bullish I see us tapping into the daily resistance created on Monday at 1.079. Otherwise we created a daily support level today with the Bullish candle close at 1.0742. We do have a good amount of data in the upcoming session which could cause some volatility. I can see buyers pushing price to the Daily level 1.079 where we may see Sellers step back in. Today's session could be tricky and flexibility will be key.
by ShrewdCatfx
EURUSD Technical Analysis and Trade IdeaThe EURUSD has experienced downward pressure, evident on both the daily and 4-hour time frames. Currently, the price is overextended, and I am actively seeking a shorting opportunity if the price retraces around the 50% to 61.8% Fibonacci level. In the video, we delve into price action, analyse the trend, evaluate market structure, and discuss a specific trade idea with defined entry points, stop loss, and target levels. As always, please remember that this information is solely for educational purposes and should not be considered as financial advice.
Short
by fxtraderanthony
EurUsd Beginning of Q2, 2024 📅Hello Traders, the March Monthly candle has closed bearish with a large top wick which looks to have rejected the top of our Monthly range at 1.1028. We now have 3 Monthly candle closing bearish consecutively which suggest more downside on EurUsd possible as we enter Q2, 2024. The top wick on the March monthly candle looks like a fresh liquidity grab for a push towards our monthly support level 1.057 in April. Our first stop will be the February monthly candle low price ( 1.695). Strong Jobs data in March and increasing Inflation readings suggest continued uncertainty surrounding the Fed's ability to get a handle on the market. In the meantime we can observe USD strength Q1 ,2024 and this may continue as we enter Q2. Anything can happen in the markets and it's important that we always remain flexible in our approach and strategy for profiting from the markets. In the short term, our key levels of interest are Daily Resistance level created last week 1.08373. Another key level being the level that we mentioned multiple times last week, 1.0765 weekly support level. The Friday daily candle (march 29th) reacted off here and closed bullish. The next key level is 1.07105 Daily Support Level. Monthly Weekly Daily
Short
by ShrewdCatfx
EURUSD ANALYSISThis is my anticipation on the EURUSD, our daily time frame recently broke structure to the downside, we would then do good to anticipate a pullback after the expansion BUT before we can anticipate that pullback, we need to see or have a confirmation in price on a time frame lower than the daily which will confirm our bias for the bullish pullback, as showed in my analysis, I wanna see price trading lower first to take the sellside liquidity first before we can begin the pullback, should price continue trading lower and not give us any confirmation for a pullback, we're not gonna engage, we simply let it go for this particular week, the same applies for when price just pulls back without first taking the sellside liquidity.
by TheHumanArsenal26
1
EUR/USD Bearish outlook and potential sells from 1.08200My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling to sustain this trend, as my bias for this pair remains bearish. While there's a similarity between EU and GU, EU is already within the demand zone, where I expect a bullish response, unlike GU. Therefore, I anticipate GU to rise before a drop, similar to this pair. It's worth noting that immediate buys might not be ideal, especially considering Monday's bank holiday for EUR. Confluences for EU Sells are as follows: - Price broke structure again on the higher time frames. - Overall market trend is bearish so this aligns with the overall bias. - Two new supply zones emerged near current price in which we can expect a bearish reaction to take place. - Lots of liquidity still left to the downside that needs to be taken in the form of asian lows. - Price might currently undergo a retracement back to an area of supply as its in a demand right now. P.S. It wouldn't be unexpected if the price continues its ascent and reaches the 4-hour demand zone adjacent to the imbalance, a significant area I'm closely monitoring. However, I am anticipating a bearish descent from the recently established supply levels. Have a great trading week guys!
Short
by Hassan_fx
3
March 24' Rejection of 1.09485 --EurUsd-- Fundamental Outlook🎬Since the March 8th touch into 1.09485 Weekly level, we have depreciated 146 Pips on Eur/Usd. In Today's analysis we break down the most important News events of March 24'. These include NFP, CPI, and Interest rates. All of these news events have played a significant role in the downside movement we can observe on EurUsd across the past 2-3 weeks. Leave a rocket and share for more similar analysis in the future. Safe Trading
by ShrewdCatfx
💡 EURUSD: Forecast March 27EURUSD yesterday rose to the resistance zone around 1.0855 and formed a selling pressure zone for us. You can enter a sell order with the bearish candle marked with a red arrow as shown in the chart. Currently, the market is turning bearish. If you look at the low time frame, you can see this downward trend much more clearly. Our current trading strategy is selling. and the nearest resistance area is the supply area and is struggling around the previous peak at the price level of 1.0840. If the price can return to this resistance area, you can find a signal to sell.
Short
by Stone_Haven