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Eurusdoutlook

All moves to the upside are --> Relief Rallies? 🤨Market sentiment people, that's what we are trading at this point. 0:0 Monthly timeframe 2:05 weekly timeframe 3:30 Daily timeframe 5:50 4hr timeframe 9:11 1hr timeframe 11:40 recap of recent trade Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853 Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.
Short
by ShrewdCatfx
2
Eurusd : Bullish USD data and Inflation Fears 🛫 Hello everyone. Switching things up today with a in-depth look into recent sentiment and my thoughts on the last 5 bearish weekly candles on EURUSD. A mix of Bullish USD data and the fact that inflation looms above all of our heads has caused market participants to flock into the Safe haven USD. What are your thoughts on this decrease of EURUSD back into the range that EU has been stuck in since January? Thanks for joining me for another analysis and reading this far. See you in the next analysis!
by ShrewdCatfx
No 😵 not flat over the past 24 Hours Eurusd? Eurusd fav prices, fundamentals breakdown, and looking forward 0:0 Monthly Timeframe 1:25 Weekly timeframe 2:32 Daily timeframe 4:36 4hr timeframe 7:50 FOMC meeting minutes during upcoming NY 8:49 1hr timeframe 9:30 Retails sales data from today Price bounced from weekly support +40 Pips as expected, looking for more accumulation in next 5 trading days Ohh gosh, I don't want to overthink this one. I'm afraid it may turn out to be the case.. We have retraced back to our weekly support level 1.09 and are unchanged over the past 24 hours. The daily candle has pulled all the way back down and closed bearish, the 2nd bearish close this week after the strong selloff on Monday. The Daily candle also retested the bottom of structure from the range we observed over the first 2 weeks of August. The monthly candle is pulling down and we've been doing so since Interest rates during the final week of July. The Weekly timeframe has so far completed our fakeout concept from 1.1025 down to 1.09. The question is will we see this fakeout continue it's way down to the next weekly zone(and also monthly zone) 1.07? Just follow the system though and have no worries. Nothing is achieved with worry, but suffering. Trust in thy system and experience and gold shall line thy pocket in due time. Safe trading everyone , cheers
Short
by ShrewdCatfx
3
EUR/USD choose the break - I say down to 1.000I'm really not good at analysis when markets are in a range and predicting the breaks unless the breakout patterns are strong and impending. IN this case, it could be a Rising Wedge, which requires a breakout to the downside. Or it could be a rising Wedge, where the breakout can turn up and go above the apex. I'll route for a breakdown, purely based on the 21>7MA - down momentum and RSI<50. Then potential target will be back to 1.0000. Which way do you think it's going?
Short
by Timonrosso
1
EURUSD 30-Minute Chart AnalysisTraders and analysts alike are perpetually drawn to the intricacies of chart analysis. In today's discussion, we delve into the 30-minute chart of EURUSD, shedding light on its recent price movement within the symmetry triangle's second part. This analysis unravels the story of EURUSD's descent since August 10, 2023, and the compelling zones that have come into play during this intriguing period. 1. Support 1 at 1.09002: At the foundation of this analysis, we find Support 1 at 1.09002. This zone has been instrumental in halting the price's decline on multiple occasions. It signifies the market's willingness to prop up the EURUSD pair around this level, showcasing the impact of investor confidence and the potential for a rebound. 2. Support 2 at 1.08742: Deeper within the price's journey lies Support 2 at 1.08742. This level has proven to be a robust barrier against further declines, demonstrating its resilience as a technical stronghold. Traders are closely monitoring how the price interacts with this zone, as it could be a decisive point for the pair's next move. 3. Resistance 1 at 1.09627: As the price attempts to regain lost ground, it faces its first challenge at Resistance 1, situated at 1.09627. This zone has acted as a notable ceiling for the EURUSD's ascent, revealing the hurdles in the way of a substantial recovery. Observing the price's behavior near this resistance can provide insights into the strength of the ongoing bullish sentiment. 4. Resistance 2 at 1.10059: Moving further up the chart, Resistance 2 at 1.10059 stands as a testament to the market's determination to resist the price's upward momentum. This level symbolizes a key checkpoint for the EURUSD pair, and traders are closely gauging how the price reacts as it approaches this significant boundary. 5. Resistance 3 at 1.10500: At the zenith of this analysis, we find Resistance 3 at 1.10500. This level represents the highest point the price has managed to reach since August 10. The battle between buyers and sellers intensifies around this mark, as the price's interaction with this resistance could foreshadow a breakout or a retracement. Conclusion: The EURUSD 30-minute chart offers a captivating narrative of the pair's journey through a symmetry triangle's second part, encapsulating the dynamics of its descent. The defined support and resistance zones, each with its own story to tell, guide traders in understanding the prevailing market sentiment. However, it's important to remember that while technical analysis offers valuable insights, a comprehensive trading strategy integrates various factors, including fundamentals and psychology, to make well-informed decisions. As the market continues to respond to economic data releases and global events, traders are poised to leverage the insights gleaned from this technical analysis, ensuring a holistic approach to trading EURUSD and capitalizing on potential opportunities.
by enclavefx_Analaysis
EURUSD - Wait for a long position ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.09000. Fundamental analysis: Upcoming week on Tuesday will be released monthly Retail Sales in USA. If the result is negative for USD it will support the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
EURUSD LONG!!!Hello Traders, Here I share our latest analysis for Eurusd, which price is bouncing in ascending channel in 4h TF, We determined some key levels which we expect price to be reacted in those areas, so it is clear we waiting for the price to reach to high volume area that determined in blue rectangle, after that wait for the price take back last lower-high and then you can place good R:R order in FTC area or doji candle , Ae mentioned different scenarios in the chart which price can react, It is not a signal it is just an analysis which you can consider in your trades, currently I am in LONG position in EURUSD so we expect bullish move in following days, Any question comment me bellow @FxShzd
Long
by FxShzd
2
Looking 2 weeks out / EurusdThe Weekly candle last friday closed below 1.1024. After today July 31st, we can also observe the monthly candle just closed below 1.1024. The monthly candle left a very large top wick but ultimately closed below 1.1024. 1.1024 is our May Monthly resistance zone as well as our weekly resistance zone. The market has now confirmed a fakeout on the Daily timefrmae and has created a resistance with the most recent Daily bearish candle. The Bearish candle retested and rejected the top of the range being 1.1024. I'm anticpating that Eurusd will now head towards the bottom of the range around 1.09 weekly support level and 1.085 daily support level.
Short
by ShrewdCatfx
5
EU - Weekly Timeframe Analysis (ICT)Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there. The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG. Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
by Road_2_Funded
What Happened Eurusd? 📻 CPI Fails as Bullish Catalyst What happened EU? 0:0 Monthly timeframe 1:03 Weekly timeframe 2:59 Daily timefraem & CPI talks 6:20 Simplify your T.A. 7:26 4hr timeframe 9:53 1hr timeframe Bulls Failed at 1.1025 Weekly resistance Key Level! CPI was not the catalyst and the brave warrior to save the princess from the high tower. When CPI moves we really move, and so not only did we fail to hold above 1.1025 weekly key level after an intial 34 pips spike with CPI, we also dropped back down on the daily candle to the open price. Observing the daily candle we can see a much larger top wick than a body on the candle. After completing a fakeout 2 weeks ago when the weekly candle closed back below 1.1025 weekly key level, this level has since acted like the greek god Zues. Nothing can stop it from getting it's way! Not NFP last week and Not CPI this week! Using this reasoning how can I not look for some short opportunities to end the week?? idk we'll see have a safe rest of the trading week. risk management is the real zeus let's be honest.
Short
by ShrewdCatfx
4
EUR/USD Analysis for Thursday August 10thCorrection in the video: I meant PPI numbers, not CPI* In this video I share a potential bullish setup for the EUR/USD and what I'm looking for in terms of targets and trend continuation. The EUR/USD has been on a slight uptrend and continues to make decent pullback dips for us to position ourselves for the next potential swing. Trading Tip: Use a stop loss and stay patient in your trading approach. There is no need to rush or chase any market. Protect your capital and patiently observe the price action movement.
Long
by InternalTraderNYC
3
Impending [CPI] Volatility 🏁 Cut L's Short and Let profits run!Okay everyone, buckle up your seat belts! 0:0 Federal reserve goals for inflation & Monthly timeframe 2:15 Weekly timefraem 3:17 Daily timeframe 5:09 4hr timeframe 9:45 Careful with CPi, it can move hard! 10:00 1hr timeframe The time has come for August CPI and it's also a special occasion🦁. This is the first report in over a year in which inflation is expected to increase in the CPI Y/Y. Looking back into history, it is shown that inflation doesn't come down in a linear fashion. This signals that the fed will have to hold interest rates higher for longer to reign in spending. The federal reserves goal is to achieve a 2.0% CPI Y/Y . The CPI Y/Y is expected to increase from 3.0% Y/Y to 3.3% Y/Y. If the CPI is less than 3.0% Y/Y like 2.9% for example then we can observe the fed moving closer to it's goal and should see risk on assets be favored and consequently safe haven assets like the USD decrease in value. Thus, pumping up EU towards 1.108 Daily resistance zone. I like this since the price has been doing what I thought it would do all week and is moving as accordingly for my analysis. With all this said, I could be wrong as we may see inflation not only increase, but increase more than expected thus seeing a price dump on EU towards 1.09 weekly support level. Only trade with money you can afford to lose and Tbh I didn't trade news for the first 2 years. I sat on the sidelines and there is nothing wrong with that. See you in the next vidoe and thanks for reading this far!
Long
by ShrewdCatfx
EURUSD: Long trade activeThe daily has been in a range for the last 9 days but there has been some amazing trading opportunities. However, the H1 is currently doing battle between a supply and demand level and feel the outcome of this will determine where the market moves next. Im not fully bullish on this move until we break that strong swing high. My stops are at breakeven. Here is my entry on the M5: Please be aware that there is high-impact CPI news today so be careful out there.
Long
by ORDERFLO