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Eurusdoutlook

(Weekly review and backtest) EURUSDMain Highlight: US’s OCT CPI(YOY) was dropped to 3.2%, almost reaching fresh low at 3.0% even interest rate stay constant at 5.5% since July 2023. Indicating FED officials may keep rate unchanged until there is evidence to prove that current interest rate unable to stop inflation rate from hiking. (EURUSD) outlook: Bullish. EURUSD got unexpected spike last week after US inflation rate CPI data released. Support: 1.08340 Next resistance: 1.09710
Long
by Ch-artwork
1
EURUSD fails with positive consolidationHello everyone, The EUR/USD pair was unable to hold above the support floor that it tried to form above the 1.0860 level, trading negatively and heading towards an expected visit to the 1.0801 areas, so the bearish bias is likely for today, with the need to monitor the price when it reaches the aforementioned level, as breaking it represents the key to returning to the path. The main bearish trend and achieving an additional decline, with its next target reaching 1.0742. On the other hand, it should be noted that breaching 1.0860 will stop the negative scenario and push the price to conduct a new upward correction targeting the 1.0907 areas in the near term. Pivot Price: 1.0860 Resistance prices: 1.0907 & 1.0949 & 1.0988 Support prices: 1.0801 & 1.0742 & 1.0697 The general trend expected for today is bearish
Short
by Evar_Mayi
28
EURUSD (Next Movmint)The euro/dollar pair ended yesterday's trading below the 1.0860 level after the positive attempts it witnessed in the past sessions, so that the downward trend remains expected in the immediate term, which targets testing the 1.0801level as a main next stop. The Stochastic indicator provides negative signals that support the chances of resuming the expected downward trend, keeping in mind that breaching 1.0860 will push the price to conduct an additional upward correction, with its next target reaching the 1.0907areas. Pivot Price: 1.0860 Resistance prices: 1.0907 & 1.0949 & 1.0988 Support prices: 1.0801 & 1.0742 & 1.0697 The general trend expected for today: bearish
by Evar_Mayi
EURUSD - The Forex GambitOver the last few months, I have come up with a mathematical system to maintain control of the points that matter with different hedge techniques. Little Late getting the chart made and posted, and been away for a while deep in R&D. Now I trade from the end to the start with reverse engineering, and mathematical balance.... I'll demonstrate Current set up was structured to go short, and just continue the range but the end of the week had a clean break from the range. Additional positions have been put on at the top for price to come back to break even on position spread, just at the retest area for the range that we've been working in for the last month. Overall, looking at a long bias, very strong break out Friday clearing the old highs that breached the range before, and looking at the bottoms, there is a gradual build of Long side Pressure. The range is about 90 pips wide, so should the price work back into the area, I will have to monitor the E 1 point to see if it looks to hold, otherwise I'll wait for E2 to cut the sell hedge I'll have below the target for the shorts at S1. An equal Buy Stop order is in place, and it has 2 use cases, one now, one later. Should it get hit as is, no problem, still closing the sells around the key area around the breakout support and resistance, and will add in 0.04 lots at that level. Then Hold and trail with sell stop up past breakeven for an upwards push to the next level at the top of the path arrow. Should it not be hit, the sell hedge will continue down until it does get hit, sell targets still will not change, and the position will be holding a surplus, I'll make a decision thne to cut or hold. Should the target get reached, sells will all close, hedge will be removed, and 0.04 will be entered for long at the major level... Either way it wants to go, looking for a target/Long Side entry at around 1.062-1.063 on a basic retest entry and then look for the next level pat the high of the breakout for the target on this one, with additional add in on the way to compound in to a max size gradually. A sell hedge will be placed around 1.059, and wait for E 1 or 2 if things don't leave upwards on the demand zone created by the breakout level and just above in the small consolidation just before the big push. Experience tells me 1.062 will happen though, and E 1 could end up being a spring type move to fake short then turn, because the pattern shows a lot of upside strength over the month of October being built in all month. Currently holding .1 in total short, and only -$19 off the starting balance, with the hedge buy stop making the lockout around -$29 (First attempt being open ended to try and gain back some of the positional spreads). I almost want the hedge hit (and I would say 90% sure it will be in a liquidity run here soon) so I get my margin back to place at 1.062, but very minimal risk at the current time if I am not able to trail it down any still. Most Likely outcome is a bounce to return long from the lower 1.06 range, and the trade management will work towards that Idea, as this long term action typically does result in some sort of retest, let's see how much it comes back, but I do believe it will be doing that from the current level of 1.073, or close by as price does seem a little exhausted from the end of the week momentum. The main reason is just a simple market commonality of "Quick gains given are quickly taken back", then it goes where it was going again usually....
Long
by ForexStoryteller
Taking the short train ride in EUR/USD. Destination : 1.07 Hello traders and the entire Tradingview community! EUR/USD was propelled to the atmosphere yesterday by the weak CPI data from the US. Well, if you know, data is just an excuse, the big banks and institutions tuned their algos perfectly to smack us, retail traders, in the face with the 200 pip bullish move :P But, we are not going to give up that easily now, are we? The buying algos are done for now and it is time to take a dive. So, I already have a couple of sell positions at 1.0870 and 1.0885. All, we need is big strong bearish candle to break the 1.0860 zone and we will be in for a bearish ride. Targets at 1.0710, expecting EUR/USD to reach it by Friday.
Short
by YourLazyTrader
4
EURUSD (Confirms Breakout)Hello everyone, The EUR/USD pair ended yesterday's trading above the 1.0860 level, confirming the continuation of the dominance of the bullish corrective trend and heading towards the next positive target that reaches 1.0907 , supported by the 50 moving average that carries the price from below. Therefore, we are awaiting further expected rise during the upcoming sessions, keeping in mind that breaking 1.0860 will stop the positive scenario and put pressure on the price to decline to test the 1.0801level initially. Pivot Price: 1.0860 Resistance prices: 1.0907 & 1.0949 & 1.0988 Support prices: 1.0801 & 1.0742 & 1.0697 The general trend expected for today: bullish
Long
by Evar_Mayi
EURUSD with WillsonnnnHello guys, a good day! Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 1.0655 minor support, and sustained trading below 55 4H EMA (now at 1.0664), will argue that the rebound from 1.0447 has completed with three waves up to 1.0755. That came after rejection by 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). In this case, intraday bias will be turned back to the downside for 1.0447/0515 support zone. Nevertheless, strong bounce from current level, followed by decisive break of 1.0764, will bring stronger rally to 61.8% retracement at 1.0958 next.
Long
by Willsonnnn
EURUSD with WillsonnnnEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
Long
by Willsonnnn
EURUSD Longs from 1.06400 to 1.07400 (possibly higher)This week's analysis for the EURUSD is similar to GU however it has some slight differences (at the end of the day they are different pairs with different characteristics.) In terms of current price I see the market consolidating just before the CPI event before making its decision. So I would wait for price to either sweep liquidity below and tap in the (18hr) demand or, sweep the liquidity above and mitigate the (8hr) supply. But as we can use the dollar as a confluence I would be expecting it to rise a little then drop, so for the EURUSD I'm expecting it to tap in the demand first to buy back up to the supply zone above. Confluences for EURUSD Longs are as follows: - Price has formed higher highs and higher lows which is the clean structure of an uptrend. - Price has left a clean unmitigated demand zone on the 18hr that I can buy from. - Price has slowed down momentum and is ranging which is building liquidity for my potential buys this week. - The dollar index also matches up with the bias as the DXY is expected to rise a little more, to then continue another bearish move to the downside. - Demand zone has also broken structure to the upside and price has filled in the imbalances from the previous weeks. P.S. I am more leading towards longs similar to GU so won't be surprised if it doesn't go as low as the demand zone marked, but keeps rising in order to mitigate the supply and sweep that liquidity below it. So for me, I would ideally wait and see as I don't see an imminent trading opportunity for Monday hence, why I would wait after CPI Tuesday to give me a better understanding of what direction this market wants to go in.
Long
by Hassan_fx
1
EURUSD 4H : Waiting for stable under 1.0661EURUSD New forecast The Euro/Dollar pair is trading negatively, holding below it the resistance at 1.0686 to suggest a bearish trend during the coming period, and the goals begin with breaking 1.0661 and holding below it to open the way for a push towards the areas of 1.0612 and then 1.0582 as the next main stations. Therefore, the downtrend scenario will be remain valid and effective , taking into account that failure to break 1.0661 will stop the negative scenario and lead the price to recover again. The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661. resistance line : 1.0700 , 1.0718 support line : 1.0661, 1.0632 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
3
EURUSD FORECAST 10/NOV/2023This is a detailed analysis on eurusd based off pure price action. In this video, I started my analysis from the daily timeframe and ended it on the 1h timeframe. I talked about the way the market reacted to my analysis of yesterday and how I will react to what the market will do today. I talked about the levels I'm going to be looking out for before taking a trade. If you enjoyed this video and you would love to support me, please just follow and give me a boost, it goes a long way. Thank you very much for watching. See you in the next video.
by Francisbluepipsfx
EURUSDDespite the usual year-end cooling, the dollar's strength, underpinned by US macro performance and a hawkish stance from the Federal Reserve, is expected to continue. The dollar remains unaffected by the Treasury sell-off and rising long-term yield curve. High US interest rates and a disorganized rise in US yields are seen as factors that could further strengthen the dollar. Factors that could lead to a weaker dollar include weaker US macro data, a slowing US economy or a recession in the euro zone. However, these potential weaknesses are not expected to result from a reassessment of China's or Europe's growth outlook. High US interest rates are likely to disrupt the financial sector, which will initially boost the dollar due to tighter dollar funding conditions.
Short
by Willsonnnn
EUR/USD may reach 1.0580 level as long as the resistance holdsHello traders, in the daily chart, EUR/USD is now below the 100-day exponential moving average level. In addition, the price has also reversed from the top of the price channel. A combination of these two factors may limit the upside in EUR/USD. As you already know, we have already sold EUR/USD@1.0746 level on Monday( as per my previous idea) and booked profit 1.0665 level. My trading plan in EUR/USD is to sell the rallies as long as price stays below the 1.0750 level. Initial target would be set at 1.0580.
Short
by MarcellusLUX
13
EUR/USD finally reaches 1.0720 level, time to sell?Hello traders, EUR/USD has finally reached the 1.0720 level that I predicted more than a week ago( previous idea pasted below for reference) So, as I mentioned earlier, that the 1.0720 level is very interesting as it happens to the top of the price channel as well as the 100-day exponential moving average level. This is why I was able to predict that price will most likely reach this level. Now, keep in mind that whenever price hits such important confluence levels, there is usually a pullback. So, based on that I sold EUR/USD@1.0715 and I am expecting a pullback to at least 1.0640 by next week.
Short
by MarcellusLUX
11