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Eurusdoutlook

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 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
EURUSD Technical Analysis And Trade IdeaIn this video, we embark on an in-depth look of the EURUSD currency pair, delving into the evident uptrend displayed across both the monthly (1M) and weekly (1W) timeframes. Within this forex pair, we've encountered a noteworthy resistance level, hinting at the possibility of an imminent retracement. Throughout our discourse, we will delve into the exploration of a potential trading opportunity, the intricacies of technical analysis, and offer valuable insights into effective forex trading strategies. It is paramount to underscore that the insights shared within this content are designed solely for educational purposes and should not be construed as financial advice. Trading in the currency market carries inherent risks, emphasizing the critical necessity of incorporating robust risk management techniques into your trading strategy.
by fxtraderanthony
EURUSD Setup 09/NOV/2023This is a detailed top down analysis of eurusd. I started the analysis for the weekly time frame, showing the levels I will expect the price to hit in the long run and ended the analysis on the 1h timeframe, showing the levels I expect to take a trade from today. If you think this video was helpful, please give me a boost and follow. If you're going to take this setup, trade responsibly. There's no 100% sure setup in the market so apply proper risk management.
by Francisbluepipsfx
DXY long term outlook Given the Federal Reserve's reluctance to cutting interest rates in the near future, it's evident that the DXY still has room for upward movement. This leads me to consider the next move for EUR/USD as BEARISH. As you may know, I rely on the DXY to determine the direction of both EUR/USD and GBP/USD. In addition to what I mentioned earlier about the DXY, it's reasonable to suggest that EUR/USD is likely to experience a significant drop from its current position, However, please note that this is just my perspective and not a definitive prediction.
TVC:DXY
by Ezesamuel
81 Pips profit in EUR/USD, more decline looks likelyHello traders, EUR/USD went exactly as I had predicted in my previous idea( Previous idea attached below). From my sell at 1.0746, the price is now 81 pips lower. Currently, if you look at the daily chart, we have a bearish candlestick pattern exactly at the confluence of the 100-day EMA and the top of the price channel . A combination of these two factors could take the price even lower in the coming days. Keep an eye on the hourly mav at 1.0665. If this breaks, it could open the door to 1.06.
by MarcellusLUX
12
Long Position traders looks happy! EURUSD {08/11/2023}Educational Analysis says EURUSD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker FXCM. Bull/Long Traders look positive on the long position of this pair, The Last lower high has been respected, Which means the market is in bullish trades for this pair. EURUSD fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 50.44 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
2
EUR/USD at channel support + Pinbar; reversal imminent?Dear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might be just around the corner. I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart , which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support . So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
9
EUR/USD reversal underway, 1.0720 in sightDear traders, I understand most of you are waiting for an uptrend in EUR/USD. Well, it might have just began I will give you the technical reasons on why EUR/USD might move upwards. Firstly, notice the pinbar candlestick in the daily chart, which usually leads to trend reversals. Secondly, notice how the price has bounced back from the channel support. So, a combination of these two factors can make EUR/USD move towards 1.0720 in the coming days. However, the channel is a bearish channel and a breakdown of this would cause quite a big fall in EURUSD. So, you need to keep this in mind.
Long
by MarcellusLUX
1
EURUSD short term Shorts to 1.06400This week I will be covering my sell setup idea towards an area of demand to end up buying with the trend. However due to DXY shift in trend, I will be looking for buys for EURUSD later on. Currently as of now price is inside an area of a 4hr supply zone so im expecting price to react off it to cause a retracement back down. Scenario (A) - Is for imminent sells to the downside as im currently waiting for price to complete the distribution via a clean CHOCH to the downside, it will hopefully then give us a clean order block for us to enter from. However, if this Supply gets violated (which is possible due to the strong bullish entry in the zone), I will then see that price will want to sweep the liquidity above and tap into the daily supply POI above. This will be ideal as price is at a much premium rate. Scenario (B) - Is that price will breach the zone we are currently in to take out the liquidity above, once it does that I will be looking for sell oppurtunities around the daily supply zone to target the 1.06400 mark in order to continue the bullish trend upwards. So currently we will be selling down to the demand so we can eventually trade with the trend. My confluences for EURUSD shorts are as follows: - Overall trend on the HTF (weekly/monthly) is bearish. - Price tapped in to a 4hr supply zone and there is a daily supply just above. - Momentum is slowing down expecting price to distribute and choch to the downside. - Imbalances were left below due to NFP news so im expecting it to get filled via a pullback. - For price to continue in its recent bullish trend im expecting price to come back to those demand levels anyways. P.S. Even though price is bearish overall, It has chnaged charcter and broken structure on the 4 hourly. Short term I am bullish and I will be looking for potential buys, but for now im selling down to eventually buy at a discounted price.
Short
by Hassan_fx
3
EURUSD I Approaching weekly reversal zoneWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
EURUSD becoming more clear. UPDATE☝️Dear traders, no one here has super powers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or force my will. Have good trading, keep constant flow of self awareness and do your best.
Short
by Yelli_trades
32
EURUSD wait for a bearish breakdown...EURUSD The price made a bearish breakout of the contracting structure, the price is currently at the support area, if price manages to break below the support area If price stays below support/resistance structure I expect the price to move lower.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short
by Stargazer_fx
18