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Eurusdoutlook

EURUSD Long term short ideas from 1.10500 (or 1.11000)This idea is based on my higher time frame bias that I have marked out from a while back, as we are steadily approaching a key level on the HTF. I'm going to be expecting EU to melt back down towards 1.07500 or lower to fill in major imbalances that have been left from before. In addition to this, we are entering the 0.78 region of the fib range which is a more premium zone to sell. As of now I will be waiting for price to slow down momentum and start showing some signs of weakness, in order for give us a a better sign that price is ready for a reversal. Ideally I want to wait for the 8hr supply on top of the daily however, if we see our lower time confluence i.e. Wyckoff distribution & CHOCH, I will be then looking to enter and hold on an intra-day basis. Confluences for long term EURUSD shorts are as follows: - EU is overall bearish on the higher time frame like the (monthly and weekly) - This is a pro trend trade that will be following the overall market trend. - Internal structure is also bearish as we have CHOCH on the higher time frame with a BOS. - Price is approaching a daily supply zone that has caused a BOS to the downside. - Price is also entering the 0.78 area of the fibonacci range good sign for a potential reaction. - Lots of FVGs on the higher time frame below as well as major pools of liquidity points. - Price has also swept lots of liquidity to the upside and has take out most of trend line Liq. P.S. Personally, I see price most likely reacting off the 8hr supply above the daily, just because there was a previous consolidation that still holds some liquidity above it. Hence why I will be waiting for that to get swept to mitigate the institutional candle that was left by the 8hr POI.
Short
by Hassan_fx
EURUSD Shorts to 1.08500 (Possibly lower)My bias for this week's prediction is for EURUSD to move bearish, As it has tapped into a strong level of supply. I will be waiting for wyckoff distribution to play out in order for us to catch sells this week. Simultaneously, the dollar has also tapped in to a demand zone which is expected to initiate a bullish reaction hence why I am bearish for EU. The 16hr supply hold a lot of precedence as not only its on the higher time frame but, it has also caused a BOS to the downside which continued the overall bearish trend. Not only that but, the zone has also swept liquidity which is a good sign that this zone will get respected. Confluences for EURUSD Longs are as follows: - Price tapped into a 16hr supply zone that has caused a BOS to the downside. - Overall price trend is bearish on the EURUSD chart. - Imbalances left below to target which hasn't been filled yet. - Lots of trendline liquidity to the downside and asian lows that's been left. - Dollar (DXY) is inside a 5hr demand which I'm anticipating a bullish reaction from. - Price has steadily approached the zone with weaker bullish candles indicating that bullish pressure is exhausted and over bought. P.S. I would love to see the asian high inside the zone get swept first in the form of a UTAD for a better confirmation of a sell but we will see what price does on Monday. Usually its a slow day however, I will be waiting for a clean CHOH on the lower time frame to give me a better insight of when price wants to expand to the downside.
Short
by Hassan_fx
(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 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