Eurusdprediction
EURUSD Analysis==>Cup and Handle Pattern==>>Pennant PatternEURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line .
If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern .
After breaking the neckline, I expect EURUSD to rise to at least the Resistance zone($1.111-$1.109) .
Euro/U.S.Dollar Analyze ( EURUSD), 15-minute Time frame ⏰.
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EURUSD and AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD Will be in bearish direction after Breaking ChannelHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR/USD Longs from daily level of demand 1.10000My analysis for this week aligns well with both DXY and GBP/USD, as the dollar is approaching a major supply level. When the price reaches that supply zone, I expect EUR/USD (EU) to mitigate its daily supply, potentially forming a Wyckoff accumulation pattern. Once this pattern is completed, I plan to look for buying opportunities, potentially holding positions at an intraday level.
If the price retraces upward before mitigating the demand, I will consider selling from the supply zones I've marked, which are near the current price. Specifically, I will watch the 7-hour and 10-hour supply zones for potential short-term sell setups.
Confluences for EU buy opportunities include:
- The higher time frame trend is bullish, with a recent break of structure to the upside.
- A daily demand zone has been established, which also caused a break of structure to the upside.
- There is significant liquidity to the upside, including untouched Asian session highs.
- This trade setup aligns with the higher time frame trend, making it a pro-trend trade idea.
P.S. As it is NFP week, be cautious of increased volatility due to economic news later in the week. Stay vigilant and TRADE SAFELY!
EURUSD Will be in bearish direction after Breaking ChannelHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD Technical Analysis and Trade Idea👀 👉 The EURUSD currency pair is currently displaying signs of price extension as it approaches a key support level. This technical setup suggests the possibility of a corrective move. Our strategy is focused on identifying trading opportunities, particularly if upcoming data releases affecting the EUR and USD are favorable later today.
This analysis should be viewed in the broader macroeconomic context. The recent interest rate hike by the Bank of Japan has introduced significant volatility into global financial markets. Consequently, traders should be prepared for sustained elevated volatility, which could significantly influence price movements and risk management strategies.
The convergence of these technical and fundamental factors presents a compelling trading scenario. However, it's essential to emphasise the importance of stringent risk management. Traders are strongly advised to conduct thorough independent research and carefully evaluate their risk tolerance before making any trading decisions.
Please note: This analysis is provided for educational and informational purposes only and should not be construed as financial advice or a specific recommendation to execute any trade. 📊✅
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EU pullback Expected a pullback from 1.1100/20 area support filling imbalances to near 61,8% (1.1153) or 75% (1.1170) .. we have 2 liquidity areas above (red boxes). So 1.1150/75 must be the area where they will reverse ( If 1.01175 Daily pivot will hold) to 1.1080 to test the base of substructure B
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD analysis week 35🌐Fundamental Analysis
EURUSD surged in the North American session after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded near 1.120, a recent month high.
The week ahead opens with a relatively quiet data schedule, however key inflation data points from both the EU and the US remain in the shadows. US Gross Domestic Product (GDP) growth figures will act as the precursor event on Thursday, but EURUSD traders will focus on a double headline on inflation scheduled for Friday next week.
The EU Harmonized Consumer Price Index (HICP) preliminary inflation figures for August are due out next Friday and are widely expected to show that the core EU inflation figures continue to cool towards the European Central Bank’s (ECB) 2% annual target. On the US side, the Personal Consumption Expenditures (PCE) price index will be released on Friday.
📊Technical Analysis:
EURUSD has formed a strong uptrend that is the highest in the past month following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted to the upside with the nearest trading range around 1.127-1.110. With such a strong rally, the upside could extend next week to the resistance at 1.14. Any pullback at the moment is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.100 strong resistance zone that EURUSD broke through and now forms a strong support zone when the pair price returns.
Resistance: 1.127-1.146
Support: 1.110-1.100
🕯Trading signals
BUY EURUSD zone 1.127-1.129 Stoploss 1.131
SELL EURUSD zone 1.100-1.098 Stoploss 1.096
EUR/USD possible short from 1.12000My analysis for EUR/USD (EU) this week is similar to GBP/USD (GU). The pair has been very bullish and is now approaching key supply areas where I will be looking to sell short-term, just until price reaches another valid demand level. From there, I plan to buy back up, expecting it to create a new leg to the upside.
If price breaks through the 20-hour supply zone, there's a 16-hour supply zone just above it that looks more promising, as it's in a premium area. With the news events this week looking favorable and few major risks ("red folders"), Monday might see price slow down and form a distribution pattern.
Confluences for EU Sells:
- Price has been very bullish, so a retracement is needed to sustain the upward movement.
- Recent price action has been very parabolic, resulting in unhealthy market behavior.
- There are imbalances and liquidity below that need to be filled.
- The 20-hour supply zone presents a potential opportunity for short trades.
P.S. If price melts from this zone, I'll look for an Asia high sweep followed by my usual setup. I expect price to fill the imbalance below and tap into my demand area.
EURUSD LONG, USDJPY SHORT, Open risk 0.75%*2= 1.50% potential lo
Correlation to DXY (Daily Open)
EUR/USD (Asian Sweep, FVG, Manipulation to Consolidation)
USD/JPY (1hr & 15m FVG Overlap) (Pushed out of consolidation confirmed)
Had a long entry this morning closed for +2.3% on EU
Confluence: Took Daily Low, 15m FVG within consolidation CBDR Time