Eurusdoutlook
EURUSDIn the 1-hour timeframe of EUR/USD, a bullish sentiment is evident with a breakout from a falling wedge pattern, complemented by an ascending channel formation and an ABC pattern. This confluence of signals suggests potential upward momentum, making it an opportune time to consider long positions for traders seeking bullish opportunities.
EurUsd Buyers battle @ 1.086 4Hr Zone ⚔️Hello traders welcome back to another Analysis.
//// 0:0 Monthly/Introduction
1:06 Weekly Timeframe
2:24 Daily timeframe
2:58 4Hr timeframe
4:15 1Hr timeframe
//// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and during Monday's price action we observed Risk on sentiment with the Eur being favored. Maybe this will come to a halt, and during today's price action we will see a retracement back down with the positive expected USD data. If Risk-On sentiment continues, a candle closure above 1.086 on the 1hr and especially the 4hr may confirm solid long orders up to the next daily level (1.0888).
Eur/Usd March 24'... Risk on Sentiment? 🕶️Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago. Apologies if this analysis was a bit scattered and have a nice day! 0:0 Intro and Monhtly timeframe
1:50 Weekly timeframe
3:31 Daily timeframe
3:51 back to Monthly to explain new monthly candle potential
5:10 back to daily timeframe
6:53 4Hr timeframe
8:16 1Hr timeframe
Attempted a brief analysis but ofc it ran longer than I would've liked :)
EUR/USD Longs from 1.08200 or 1.07800 back upMy idea for EU at the moment is for it to push higher in order to take out the trendline liquidity that sits above. I expect price to do a similar move to GU in which I expect a bit more upside left to validate this newly marked out 4 hourly demand. Then I anticipate a pullback within this demand to take out liquidity above and tap into the 12hr supply zone that I have marked out above.
From there I will be expecting bullish pressure to die down and form a wyckoff distribution. Once I see my edge appear on the lower time frame I will execute sells back down to continue the overall trend.
Confluences for Buys are as follows:
- Price has left lots of liquidity to the upside that needs to be taken I.e. like trend lines.
- Supply zone above that needs to be mitigated so still more upside left.
- A 4-hour demand zone has emerged, from which we could witness a bullish response.
- price has changed character and broke structure to the upside before as well.
P.S. This is only a temporary trend notion until a new supply zone materialises for me to consider selling price back down. However, selling opportunities don't appear optimal due to the significant liquidity around the current price.
Have a great trading week! NFP on Friday I advise to preserve capital and stay away that day.
EURUSD LONG TRADE SETUP in the starting of this week we should eyes on the majors pairs movement
in this chart you can see good bullish formation for medium term long trade
from the level 1.0800 you can take long for target 1.1050
the most important support range is looking as 1.0800 level and we can hold this trade for 150-200 pips
March Madness Eur/Usd 🚎The weekly candle will do 1 of 2 things today.
It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant)
or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst
0:0 Intro Monthly/Timeframe
0:58 Daily timeframe
3:43 Weekly timeframe
5:43 4Hr timeframe
6:07 1hr timeframe
Eur/Usd silent commentary analysis 📻2 Hours after London Close 2/28/24.
Eurusd we observed a wild day of volatility as a large 50 pip bearish move during london session was duly corrected by a Bullish New york session. Price moved away from our Daily resistance level 1.0885 today and pulled back as the monthly candle comes to a closure. This is not abnormal to observe when the monthly candle closes.
GDP Preliminary numbers contracted today and missed expectations of 3.3% Q/Q. It was 3.2% so a difference of .1%. This was enough to cause a sudden 4 pip drop followed by an 8 pips increase in 2 minutes. This was a catalyst for the bullish sentiment all morning for the Eur/Usd ad therefore the Eur.
Key levels and session behavior described in more detail in the video.
Bullish momentum is over? 📊Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range and price may reach across the clean traffic range to 1.08166 . A 27 Pips range.
Eur/Usd Top Down Analysis Feb 24'Eur/Usd! The reaction off 1.08927 was quite dramatic last thursday and friday.
Intro/Monthly TF 0:0
Weekly Timeframe 4:05
Daily timeframe 6:29
4hr timeframe 9:29
1Hr timeframe 11:33
Price has retraced and since dipped into a 4hr zone 1.08011. It bounced here on friday and the price action consolidated after that. It is possible that we may observe more sideways movement before another continuation. I liken a continuation for buyers because of sentiment moving out of last week due to cad news. It is quite normal to see a reaction off a daily zone like we observed on thursday and friday and it could very well be just a pullback in an uptrend. Caution however!
Not Financial Advice.
Education Purposes Only.
Major Events in Euro Area and US on Friday Major Events in Euro Area and US on Friday
Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar.
Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after a rush of local economic data from the Euro Area. The European Central Bank (ECB) is grappling with the challenge of bringing core inflation down from 3% to 2%.
While the market previously anticipated rate cuts to begin in April, the ECB, emphasizing data reliance, has prompted market adjustments, pushing the expected first rate cut to June.
In the US, the focus this week is on the PCE data. The day before, we do get Q4 GDP second estimate. But unless it is adjusted significantly, this will likely not have an impact.
Anticipating comparable rate cut trajectories in both economies, the dollar could potentially make up recent losses against the euro, particularly if January's PCE data exceeds estimates, thanks to its superior interest rate differential.
Thursday witnessed a surge that touched the 50-day simple moving average (SMA) before a subsequent retreat. Looking at the short term, technical indicators on the 4-hour chart hint at a potential upward bias. EUR/USD is presently trading above all its moving averages, and the 20 SMA appears poised to surpass the mildly bearish 200 SMA.
Pre Market EUR/USD analysis for Sunday February 25thPre Market EUR/USD analysis for Sunday February 25th.
After the EUR/USD run up last week, I'm looking to see if we find resistance around the trend-line area for a potential down move towards 1.06000.
If buyers come in, I'd ideally like to see the EUR/USD trading back above the yearly pivot level (1.0900).
Trade safe and manage risk.
EURUSD - Sell scenario ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we have the same scenario as on GOLD, we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block.
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Eur/Usd Review - Cad CPI Change of SentimentHello traders welcome back to another detailed analysis of the Eurusd currency pair. This week was bullish and quite volatile. Cad inflation news on tuesday was a catalyst in my opnion for a chnage of sentiment in the currency markets. At the very least, it sparked decent volume and a selloff in the USD.
Leave a rocket if you enjoyed the video and comment for more analysis.
EUR/USD Longs from 1.07800 back up to 2hr supply or above.This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone.
During this process, I expect price action to slow down after consuming a significant amount of liquidity, signalling a potential Wyckoff accumulation phase. It's worth noting the presence of an Asian low beneath the demand, which warrants caution. However, I want to emphasize that this is a counter-trend notion, and my overall sentiment for EU remains bearish.
Confluences for EU Buys are as follows:
- Price broke structure to the upside and left a clean 10hr demand zone.
- Still some imbalance that still hasn't been filled as well above my demand POI.
- Market also broke major structure to the upside could indicate a bullish trend.
- there's some liquidity above the recent high that needs to be taken as well.
- Triple touch trendline liquidity that needs to be swept.
- for price to go down it must mitigate a supply higher up like that 12hr.
P.S. Ideally, I'm looking for another rally to trigger price action to clear out the significant pool of liquidity located just below the 12-hour demand zone at the top of the chart. However, I anticipate price to establish a new supply once it descends to take out the trendline. This would allow me to wait for a mid-week pullback to sell down towards the demand.
Have a great trading week and lets catch these PIPS!
Eur/Usd Friday Today we can observe the end of the week. Price action was uncertain this during London session. At NY open 1hr candle we recieved a candle closure above the consolidation from London session. This suggests a breakout to the upside as we mirror clean traffic candles to the left and head towards 1.08534.
If not, then it is friday and the weekly candle may pull back down into the range to end the week. At that we would be heading back towards 1.0805 with the next 4hr candle.
Manufacturing Data turns Manic 👹Welcome back traders to another Top-Down Analysis for Eur/Usd.
We can observe an increase on EU that began on Tuesday of this week. As the week has progressed we have slowly climbed up to the next Daily Level 1.088. Better than expected numbers for EURO manufacturing data has provided a nice boost of bullish momenutm and continuation for the Eurusd to the upside. However, we've now filled the clean traffic range on the 1hr/4hr timeframes that extended from 1.080. In the coming session I am anticipating a selloff away from the Daily level 1.088. We may retest the high that we've created at 1.087 but things are looking a bit manic. Either way we must remain flexible with our bias when executing Intra-day.
Short EURUSDI'll be looking to see the EURUSD go lower this month. The DXY has been steadily gaining since the beginning of the year, and it seems like that continuation is likely to keep at it. I'll be entering a short position and looking to take profit at the lows of Nov 1st of last year (1.05197). Let me know your thoughts on this pair, if you share a similar analysis or something different I'm open to see all sides. Good luck traders!
EUR/USD 1H BUY SETUP @KENMIHello traders,today we are analyzing OANDA:EURUSD on 1H TF.
As we can see the market structure is Bullish,market creating HH-s and HL-s
Where we can buy?
1.We can buy after market take out X,with SCOB confirmation...
2.We can buy on Extreme OF or OB,OF have much more probabillity than OB...Wait for LTF confirmation and than buy.
Best regards for entire community,be disciplined and wait