Get started

Eurusdoutlook

EURUSD Longs from 1.07000 up to 1.08800This week's forecast for the EURUSD aligns with the breakdown observed in GBPUSD, indicating a positive correlation between these pairs. In the case of EURUSD, I anticipate further downward movement to reach a 19-hour demand zone. Following this, I expect a bullish reaction, propelling the price upward towards a more favorable supply zone for a potential sell-off. Additionally, there is significant liquidity positioned above the current price, providing an additional rationale for a retracement. Given the recent bearish trend, I foresee an impending pullback, which I anticipate will occur during this week. Confluences for EURUSD Buys are as follows: - Price entering a 19hr demand zone that caused a broke of structure to the upside on HTF. - There lots of liquidity lying above in the form of Asian highs and trendline liquidity. - Price has been moving bullish the last couple of weeks and I consider this a pro-trend trade. - The DXY (Dollar) is also temporarily bearish which means I'm expecting this pair to keep going up. - The imbalances that were left previously have now been filled so price could be ready to retrace. P.S. Although I am currently seeking buying opportunities in the demand area just below the current price, it wouldn't be surprising if the price decides to drop further to reach a more affordable zone. This adjustment could potentially result in an improved bullish position. Additionally, upon entering a supply zone, I anticipate the price to sustain a bearish trend, given the prevailing bearish sentiment in the overall market for the EURUSD.
Long
by Hassan_fx
EURUSD resume uptrend?EURUSD's daily chart showcases a strong bullish momentum, with a notable opportunity for a sustained buy position identified at the highlighted demand level in blue. This level, signaling a concentration of unfilled orders, suggests significant underlying strength. The envisioned long-term target for this buy position aligns strategically with the supply zone at the chart's pinnacle. Investors eyeing potential opportunities in the currency pair may find the current bullish trend compelling, with the highlighted demand level serving as a promising entry point. The anticipation of continued upward movement is supported by the concentration of unfilled orders at this level, reinforcing the potential for a sustained bullish trajectory with the long-term target aligned to the supply zone at the chart's upper extremity.
Long
by ForexWizard01
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase. Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis. Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
by fxtraderanthony
EURUSD Shorts from 1.09700 or 1.11000EURUSD presents an intriguing scenario as it recently responded to a 10-hour demand zone, potentially signaling another upward rally. Since clear buying opportunities are currently lacking, I'll be patient and wait for the price to enter a supply zone, providing a chance to catch a potential pullback. However, it's worth noting that these zones are not the most optimal due to the substantial liquidity present. My preferred zone is the 8-hour supply at 1.11000, coinciding with the 0.78 Fibonacci range on a higher timeframe. Here, I anticipate a robust bearish reaction. At present, I will monitor the price for the completion of a Wyckoff distribution before considering sell positions. Alternatively, I'll await the establishment of a new demand level, providing a new buying opportunity in which we can take towards the marked supply (POIs). Confluences for EURUSD shorts are as follows: - Overall trend of the market is bearish on the higher time frames. - Price approaching a very good key level of supply, anticipating a distribution to play out. - Lots of liquidity below to target in the form of asian lows, equal lows and imbalances. - DXY is also overall bullish long term despite the short term bearish trend. - In order for price to push higher it needs to retrace from a level of supply. P.S. won't dismiss the chance of this demand zone failing, considering that the price has mitigated the second time it has now created relative equal lows. Moreover, there's a direct imbalance below that price may seek to fill before initiating another decisive upward move. However, given the current state of the EU market, adaptability is crucial, given the presence of numerous liquidity areas and zones of lower quality.
Short
by Hassan_fx
2
EU Bearish, Today is the day we fall [NEWS] [Explained] Based on the chart, you can notice color's at the bottom! These represent the Quartely Theory, which fits perfectly with what we see. We have AMDX A: Q1, we see Accumulation M: Manipulation, we see highs that will form D: Distribution, Where we reverse from the HTF PDA formed by Q2 X: Continuation or reversal. Since this could be a reversal, we could still go bullish, but if we look at DXY, we see it reacting very slowly to that trend line (Trend lines are meant to be broken if you see them). And since we have News that forecasts bad for the USD, this is a golden opportunity for banks to trick everyone! Concerns: You see my SL? I fear that it could also be liquidity. Fear of my SL being taken as Liquidity because, as we see, we have two liquidities. One is where my entry is, and one is slightly below my SL. Let's talk about TP; TP is below the Accumulation zone; always remember. Candles take stairs to go up and an elevator to go down! You have to think like banks if you want to profit Risking 1% , FX:EURUSD
Short
by Nanoplexx
4
Morgan Stanley and BofA’s 2024 EUR/USD Predictions Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic performance of the US. They also believe that technical recessions in the eurozone, Sweden, and the UK are expected to lead their respective central banks to initiate rate cuts in the second quarter of 2024. Selling Swedish krone (which has become a top ten traded currency recently) and the British pound might also be options for 2024 too, but this was not explicitly stated by the bank. On the other hand, Bank of America has suggested that shorting the USD is the trade to make, particularly against the Euro and South African Rand. BofA sees the potential falling interest rate in the eurozone increasing the attractiveness of euro-based stocks and other investments.
by BlackBull_Markets
Relief Rally ↗️ with Inflation Data as Catalyst 💡This is a trade Idea inspired by this past week's bullish pin bar candle closure. The NFP and Inflation data catlyst for a higher timeframe pullback also supports this. Expected reduction in inflation from 3.7% Yoy to 3.6% Yoy during this week's news release also supports this. Two weekly candles holding/closing above 1.054-1.057 supports this. Flipping to Bullish Market structure on the Daily timeframe supports this. We have many confluences and you see the point.
Long
by ShrewdCatfx
4
EURUSD Outlook 2023/2024 The FOREXCOM:EURUSD has been mitigating the price zone of 1.12147 and 1.17122 since 2015, and had a rejection move from the zone on July. On the 1W Time Frame: 1. Price did a change of character 2. Price tapped the 0.618 premium zone There are 3 things that can happen 1. Price rejects the premium zone and pushes down 2. Price enters a more premium zone, then pushes down 3. Price breaks the structure high and pushes up This is the overall outlook for FOREXCOM:EURUSD , check out some trading ideas that I have on my profile.
by FX_Apprenticeship
EURUSD Longs from 1.09000 up to 1.10000EURUSD is looking very good in terms of entering high quality POI's and it is following the temporary bullish trend very well. So from this we will try to catch pro trend trades up to the daily supply or ideally the 8hr supply zone on top of it. As of now, price has created a small BOS to the upside so I will be waiting for a small pull back to the 12hr demand in order to buy up. As price Is near a decent amount of liquidity I would like to wait for a clean CHOCH and for a spring to take out any remainder asian lows for me to consider a buy opportunity. However, as there's major news this week like NFP, so I would approach any potential setup with caution and lower my usual risk size. Confluences for EURUSD Buys are as follows: - Temporary trend for EU is bullish and this follows the trend as well as the DXY bias. - In order for price to make a bearish move it will have mitigate the daily above or the 8hr supply. - There's asian high above that hasn't been taken which is liquidity that needs to get swept. - Price keeps breaking structure to the upside and candles on HTF are very bullish. - Momentum is starting to slow down as it has currently reacted to a 4hr supply. - In order for price to continue going up it must come down in the form of a pullback so we can create a new leg to the upside. P.S. The Wyckoff accumulation is still pending as I'm waiting for price to mitigate my zone, sweep liquidity and change character to the upside. I am also aware price could fall lower due to the ineffeciencies below and then tap into a cheaper zone for buys back up.
Long
by Hassan_fx
1