EURUSD Pair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
Break of Structure
RSI - Divergence
Completed " 1234 " Impulsive Waves
Eurusdoutlook
SHORT EUR/USD 1.0794In the last hour we've seen EUR/USD break the neckline of a standard M-Top candle formation.
M-Tops and W-Bottoms are highlu reliable structures and although they can be used in isolation its always better to see if they form at areas or lines of resistance or support.
In this case we have RSI decling as well as MACD and yesterday pricehit WR1 pivot elevel which frequently will have SELLERS jumping into the market.
I'm a big believer in Pivot levels as these can be marked on your charts at the start of the week so you are forewarned that the price MAY do something if WR1 and WS1 are hit.
Pivot Point SuperTrend which I use has confimed this SHORT bias and the Andean Oscillator red SELL line is rising.
All in all this looka s olid SELL signal although the key 100 and 200 EMA moving averages are below the price but far enough away to get a healthy plus STOP should price make it down there.
STOP for this trade is 1.0819 which is the recent high and target is open but provisionally 1.0774 which is the 200 EMA.
EURUSD Technical Analysis & Trade IdeaThe EURUSD exhibits a bearish bias on higher timeframes. The weekly chart reveals a clear break of market structure to the downside followed by a retracement. Drilling down to the daily timeframe, the retracement has taken out previous buy stops, further supporting a short bias. A short entry at the current level appears viable, with a stop-loss placed above the recent high and targeting previous lows. This setup presents an intraday or swing trade opportunity.
Important Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Before initiating any trades, conduct your own comprehensive research and apply appropriate risk management strategies.
EURUSD Long limit setupEURUSD is finally leaving a bearish trend and trying to becaming bullish. Dollar is strong, but i expect weakness in the next days. I placed a long limit order at support zone at 1.0785 but i am also entering long now, target resistance area at 1.09
Trading Through Turbulence: EUR/USD Strategies Amid U.S. Fiscal The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets. The anticipation of a "hard landing" for the U.S. economy further complicates the landscape, warranting a strategic approach to trading the EUR/USD pair.
1. U.S. Interest Rate Outlook:
Federal Reserve Bank of Atlanta President Raphael Bostic's recent statements highlight a significant resistance to cutting interest rates in the near term. The robustness of the U.S. labor market and the economy, coupled with inflation not convincingly on track to meet the 2% target, suggests that the dollar might remain strong. Bostic's remarks underscore the uncertainty surrounding inflation, indicating that the Fed is not yet convinced that inflationary pressures are sufficiently under control to warrant a change in monetary policy. This stance is crucial for EUR/USD traders, as interest rate expectations are a primary driver of currency movements. The Fed's cautious approach may bolster the dollar, creating resistance against EUR gains.
2. Market Reactions and Treasury Movements:
The reaction to Bostic’s comments was immediate, with Treasuries falling and holding their decline, reflecting market adjustments to the expectations of continued strong U.S. monetary policy. Conversely, Jupiter Asset Management's move to increase its Treasury holdings to a record suggests a hedging strategy against a potential economic downturn. For EUR/USD traders, these dynamics indicate a flight to safety and potential volatility, with a strong dollar scenario possibly prevailing in the short term.
3. Equity Market Inflows and Implications for the Dollar:
Significant inflows into global equity funds, especially following substantial sell-offs in U.S. stocks by Japanese and Chinese funds, hint at a complex investment landscape. The S&P 500 and Nasdaq futures' rise indicates investor optimism or speculative positioning, potentially impacting the dollar by influencing risk sentiment. For the EUR/USD, this could mean short-term bullish signals for the dollar, especially if equity market strength translates into confidence in the U.S. economy.
4. Inflation Concerns and Labor Market Strength:
The anticipated high CPI and potential for a similarly high Producer Price Index (PPI) could extinguish hopes for an interest rate cut, further strengthening the dollar. The persistent strength of the U.S. labor market suggests that inflation may not be easily tamed, reinforcing the Fed's cautious stance on rate cuts. For EUR/USD traders, this means monitoring U.S. economic indicators closely, as signs of sustained inflation or labor market overheating could prompt adjustments in trading strategies, favoring the dollar.
The EUR/USD trading environment is marked by uncertainty, with a robust U.S. economy and unresolved inflation concerns suggesting a cautious approach. Traders should remain vigilant, adapting strategies to navigate potential volatility and the implications of U.S. monetary policy on currency movements.
EurUsd - Long Term ChannelHello Traders, welcome to today's analysis of EurUsd.
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Explanation of my video analysis:
Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after the break towards the downside turned resistance so everything is pointing towards a next move lower.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
EURUSD TRADE SETUPFor now, we are at a point where price direction will all be determined with the closure above or below.
We looking to trade EU this week:
Overall Market Direction: Long term bearish structure
1. Potential push above or below current structure to show direction
2. Once we get clean body closures, I will then use Confirmations at these areas for continuations
EUR/USD Imminent Shorts towards 1.06800My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions.
I acknowledge the presence of considerable imbalances above, which could prompt price to rise and potentially reach the supply zone in scenario (C). However, my overall expectation for EUR/USD is a downward movement towards 1.06800.
Confluences for EU Shorts are as follows:
- Price left a clean 3hr supply zone which price is currently re distributing inside.
- Price has been moving bearish regarding the recent break of structure to the downside.
- DXY is also been moving bullish so it backs the EU downtrend.
- Lots of liquidity to the downside like trendline Asian lows and swing lows.
- The overall trend of this market like the monthly still shows its a bearish trend.
P.S. I'm currently leaning towards a pro-trend stance with this idea, primarily because of the recent downward breaks in structure. Additionally, there are few demand zones in proximity to the current price, suggesting that price may decline to sweep that liquidity.
HAPPY TRADING AND REMEMBER ITS USD BANK HOLIDAY MONDAY!
EURUSD BEARISH TREND AHEAD !!HELLO TRADERS
EURUSD I still running in bearish trend .... have a look on our previous analysis of the week on EURUSD attached in chart read description .....
EUR/USD SHORT ANALYSISThe previous trading week saw lows (Post Asian Session) left untapped (Liquidity), price matrix will tend to gravitate to old lows of old trading sessions during the new week. The NWOG (New Week Opening Gap) is another critical factor in this whole set-up, we might see a run on these low going into the new trading week
EURUSD WEEK ANALYSIS 16/02/2024A move to the downside seems reasonable when it comes to trend following
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure and completed the Retracement
Lower Low - Lower High
Rejection from Resistance Level and Fibonacci Level - 38.20%
SHORT IDEA 3RR / EURUSD / 15th FEB 2024- I believe the price will present a bearish session.
- Price has performed so far a London Judas Swing.
- Price has made the initial high at 25% of the PWR.
- Asia’s RELs are my first target.
- PDL is my target for the day.
EURUSD I Correction in process to 50% fib of the bearish impulseWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD 4H : Support further decline EURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our targets.
The EUR/USD pair shows slight negative trading in an attempt to resume the expected downward trend for today, remembering that our expected target is at 1.0665, breaking which represents the key to heading towards 1.0600 directly.
Therefore the downward scenario will be remain valid and effective during coming period ,Moving average 50 continues to support the suggested bearish wave, which will remain in place unless the 1.0760 level is breached and holds with a daily close above it.
The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0600.
resistance line : 1.0760 , 1.0808
support line : 1.0665 , 1.0600
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EURUSD Trade Idea / 14th FEB 2024- I want to see a bullish session if the price finds support at Asia’s equilibrium.
- Price is within the monthly FVG, may use this as an IFVG to rebalance CPI’s range.
- 25% of the PDR is my target.
ONLY IF THE PRICE FINDS SUPPORT AT ASIA'S EQUILIBRIUM!
EURUSD READY TO DROP MOREHELLO FRIENDS!
EURUSD is now trading in downtrend and rejecting from broken support zone we expected another drop on this pair. as we can see $ index is moving to the upward and this pair is trading under bearish Trend it can test these given support levels in coming days as we can see US Inflation data ahead a positive data for $ can bring to us these levels on EURUSD Its just a trade idea share Ur thoughts with us and stay tuned for more updates.
CPI SHORT EURUSD / 13th Feb 2024 The directional bias was perfect.
The price traded to the monthly FVG as expected
EURUSD: Upcoming big swing selling opportunity!Dear Traders,
As we have news today and tomorrow we think price of EURUSD will fill up the liquidity void area before going down any further. Therefore, our entry will be around that reason if news spikes up and create a strong wick. Once price comes to our area of entry we can enter sell entry.
EUR/USD SHORT "FOLLOWING THE STRUCTURE"we are marking structure on 4h tf. eur/usd is making lower lows and lower highs indicating a downtrend and marking resistance on 4h tf. when London opens at 3 am EST 30m and 1h close below resistance. we are taking a short entry there. we have CPI, PMI, retail sales and multiple fed member speaks. monitor economic events closely and manage your position.
EURUSD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block.
Fundamental news: Next week is full of news with impact on USD. On Tuesday we will see results of monthly and yearly CPI on USD. On Thursday we'll have Retail Sales on USD.
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EUR/USD Shorts from 1.08700 back down. Pro trend idea.My bias on EUR/USD has shifted to bearish following the upward movement of the dollar (DXY). With EU breaking structure to the downside, confirming the bearish trend, I'm now exploring strategies to capitalise on this. Currently, I anticipate a pullback in price to fill the imbalances just below the 20-hour supply zone (A).
However, considering the distance from that supply zone, another scenario (B) may unfold. This involves price descending further to sweep the relative equal lows and reach my 19-hour demand zone. Subsequently, I foresee a bullish reaction prompting a reversal in price direction.
Confluences for EU Sells are as follows:
- Price left a clean 20-hour supply zone that caused a break of structure to the downside.
- The overall trend for this market is bearish.
- The dollar (DXY) is also moving bullish so it aligns perfectly.
- Imabalnces below the supply that needs to be addressed.
- Lots of liquidity left to the downside in the form of equal lows and Asia Lows.
P.S. With the dollar also breaking structure to the upside, it complements this bias effectively. However, I'm not exclusively committed to one direction; I also entertain the possibility of price declining further to signal a bullish trend. We'll have to observe how price unfolds.
Happy trading people!
Will FOMC cause a EUR/USD rush?We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700)
As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern.
If the daily candle closes with a gain, that signifies a strong indication of a bullish move but the question is, if the bulls decided to run, how far will the up move be?
If targets are at the pattern projection, we’re looking at 1.0900 minimum which is in the same area at the main pivot zone.
If sellers come pouring in, then I’d project a move down to at least 1.0750. With FOMC on the horizon, I wouldn’t be surprised if price whipsawed to stop many traders out before actually making any significant move.
From a purely technical point of view, we’ve got a falling wedge with what is now a more prominent “hidden” MACD divergence.
Long term, I’m bullish on the EUR/USD due to a large bullish pattern that can be observed on both the Monthly and Quarterly time frames.
Projected long term price targets are 1.1500 followed by a second target of 1.2000
We shall see tomorrow with FOMC and NFP Friday morning.
Trade safe and manage risk.
