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Eurusdprediction

EUR/USD Short ideas from 1.09100 or 1.09300My bias for EU is similar to GU, as I am mainly looking for sell opportunities. Last week’s price distribution across higher time frames has left promising zones to watch, specifically the 4-hour and 17-hour supply zones. If these zones are mitigated, I will look for redistribution within them. If the price continues to drop, I will look for counter-trend trades to catch retracements, possibly from the 11-hour demand zone I’ve marked or the 5-hour demand zone if the price goes deeper. Confluences for EU Sells: Newly created supply zones near the UTAD show promising selling opportunities. There is significant liquidity to the downside in the form of Asia lows and imbalances that need filling. The dollar is bullish, aligning well with the bearish bias for EU. This is a pro-trend trade on the higher time frame. P.S. I will wait to see how the price action unfolds, as the current price is somewhat distant from my points of interest (POIs), but I expect the price to keep dropping.
Short
by Hassan_fx
EURUSD analysis new weekFundamental analysis Broad market hopes for a faster pace of interest rate cuts from the US Federal Reserve (Fed) peaked on Friday despite producer price index (PPI) wholesale inflation. of the United States increased significantly. The Fiber index extended its third straight weekly gain as investors' risk appetite was kept at a ceiling. US Retail Sales figures will be released next Tuesday and Euro traders will have to wait for the European Central Bank's (ECB) latest interest rate call next week, which is expected ​takes place early next Thursday. The ECB recently delivered a quarter-point rate cut in early June, but further cuts appear unlikely and markets are generally forecast to cautiously leave rates unchanged in July. Technical analysis EUR/USD notched a third straight weekly gain, closing Friday slightly above 1.0900. The pair is up 2.3% from its late-June lows and the day's price action is preparing for a clash with the next technical resistance around 1,097. Beyond this peak, EURUSD will continue to move towards the previous year's high at 1,112. In the pullback the direct support level is at the point where investors fought a lot before choosing the winning BUY side at the 1.082 price zone, which is the same zone supported by the two EMAs. In a trend reversal next week's low could reach around 1,068. Support: 1,082-1,068 Resistance: 1,097-1,112 SELL EURUSD zone 1.082-1.084 Stoploss 1.085 SELL EURUSD zone 1.112-1.114 Stoploss 1.115 BUY EURUSD zone 1.082-1.080 Stoploss 1.079 BUY EURUSD zone 1.068-1.066 Stoploss 1.065
by TVS-Trader
4
EUR/USD Price Surge: Analysis and Future Outlook The EUR/USD price has surged significantly over the past 10 days. Let's explore the reasons behind this movement and the potential trends we might face in the coming days. Fundamental Analysis: The EUR/USD exchange rate has seen a significant increase over the past 10 days. This upward trend is primarily supported by a weakening U.S. dollar, driven by several economic factors. Recent inflation data shows that U.S. inflation is slowing down, with the annual inflation rate for June 2024 at 3.0%, a decrease from previous months. This has strengthened expectations of a less restrictive monetary policy from the Federal Reserve, with investors anticipating rate cuts in September and possibly in November or December. On the other hand, the euro has been bolstered by the European Central Bank's (ECB) aggressive stance on raising interest rates, improving energy prospects in Europe, and relative weakness in the dollar. Technical Analysis: The EUR/USD chart indicates a potential structural change. Recently, as the price dropped to the lower part of the channel, it found support around the 1.07 level, hitting an upward trendline without making a lower low from the previous wave at 1.06. From that level, the price rose, testing the upper part of the channel and closing the daily and weekly candles at the previous high around 1.09. This is a crucial level; if it breaks with a daily candle, it would confirm the structural change, leading to a potential further rise. Conversely, a rejection at this level could result in a decline. Volume Analysis: In recent sessions, the Point of Control (POC) has consistently been at the beginning of the session, indicating significant volume gaps in the daily candles. The overall POC for the channel is at the 1.08 level, which could act as a support if the price declines. If the price continues to rise, there are many upper areas left to fill from the highs of the previous year. Sentiment Analysis: Current retail sentiment shows a 91% short position against 9% long, with short volumes at a four-year high. However, institutional positions as of the 2024-07-09 COT report indicate 393,029 long contracts against 160,108 short. Dealers, on the other hand, are 275,000 short against 9,478 long. This discrepancy suggests that institutional players are aligned with the market, discouraging short positions. Personal Analysis: In my opinion, the euro's recent rise seems exaggerated given the negative IPC, a rate cut by the ECB, a favorable PPI for the dollar, and Powell's statements indicating it is not yet time to cut rates. I expect a retracement from this level or slightly higher to fill some of the gaps left during the rise, after which the market will decide on the next direction. Powell's speech on Monday will be crucial. However, I wouldn't be surprised by a continued rise, as summer markets can be very unpredictable. If you don't have any open positions, it's wise to wait for the market to establish a clear direction before entering. I hope this analysis has been helpful. If you found it useful, please leave a boost to show your appreciation for the work done.
by jamesbond70
EUR/USD Outlook ICT ConceptsEUR/USD Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH & PML: Previous Month High and Low, serving as significant resistance and support levels. • PWH & PWL: Previous Week High and Low, indicating recent market highs and lows. • Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance. • BSL: Buy-side Liquidity, areas where buy orders are placed. 📊 Key Considerations • Current Price Position: The price is currently trading around 1.0883, having recently taken out both the previous week high (PWH) and previous month high (PMH). • Retracement Zone: The price is expected to retrace back into the buy-side liquidity (BSL) and the Daily Fair Value Gap (FVG) below the current level. • Lower Levels: There are additional lower levels marked out, such as the previous week low (PWL) and the daily FVG, that may come into play if the retracement extends further. 📈 Bullish Scenario Given the recent price action and key considerations, a bullish scenario is favored if the following conditions are met: • Retracement into BSL and FVG: The price retraces back into the buy-side liquidity (BSL) and the Daily Fair Value Gap (FVG), providing a potential entry point for long positions. • Continuation Higher: After the retracement, the price continues higher, potentially targeting new highs or previous resistance levels. • Lower Time Frame Confirmation: Look for bullish price action on lower time frames (e.g., 1-hour or 15-minute chart), such as a breakout above minor resistance or bullish candlestick patterns, to confirm entry points. 📉 Bearish Scenario While the current sentiment appears bullish, a bearish scenario should also be considered: • Failure to Hold BSL and FVG: If the price fails to hold above the buy-side liquidity (BSL) and the Daily Fair Value Gap (FVG), it may revisit lower support levels such as the previous week low (PWL). • Short-term High on Lower Time Frame: Look for the price to take out a short-term high on a lower time frame, acting as minor buy-side liquidity, before starting a downward move. • Continuation Lower: After taking out the buy-side liquidity, the price may start a downward move, potentially revisiting the lower levels marked out on the chart. 🔄 Lower Time Frame Confirmation For both bullish and bearish scenarios, using lower time frame confirmations can enhance the trade setup: • Creating Low Resistance Liquidity: Look for the creation of low resistance buy-side or sell-side liquidity zones on lower time frames (e.g., 1-hour or 15-minute chart). 📊 Chart Analysis Summary The price has recently taken out both the previous week high (PWH) and the previous month high (PMH), suggesting a potential retracement. The expectation is for the price to retrace back into the buy-side liquidity (BSL) and the Daily Fair Value Gap (FVG) below the current level. This retracement zone could provide a potential entry point for long positions, targeting higher levels once again. For a bearish scenario, the price needs to fail to hold the BSL and FVG, potentially revisiting lower levels such as the previous week low (PWL). Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
EURUSD ( UNDER BULLISH PRESSURE ) ( 1H )EURUSD HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure . TURNING LEVEL : the price around 1.088 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level . PRICE MOVEMENT : the price in previously , rising until reach a resistance level , currently price 1.090 , as long as the price trading above turning level reach a resistance level my goal 1.093 , but small retest inside FVG area before rising . PRICE ACTION : LONG CONDITION : the price trying to retest a FVG area , then rising a resistance level at 1.093 , breaking this level reach a next level at 1.096 . SHORT CONDITION : if the price breaking turning level at 1.088 by open 4h candle below this level reach a support level at 1.086 , then stabilizing below this level reach a 1.082. TARGET LEVEL : LONG CONDITION / RESISTANCE LEVEL : 1.093 , 1.096 . SHORT CONDITION / SUPPORT LEVEL : 1.086 , 1.082 .
Long
by ArinaKarayi
EURUSD Technical Analysis and Trade IdeaIn this video, we take a close look at the EURUSD currency pair. Right now, it's in a strong bullish trend. However, it seems a bit overextended, and since it's Monday, I'm being cautious. I'm looking for an entry point if the price drops back into the 50-61.8% Fibonacci zone. In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies.
Long
by fxtraderanthony
EUR/USD Shorts from 1.09200 (Sell to Buy) My EU bias currently is to catch a temporary move down. As price approaches a high-quality 11-hour supply zone, I'll be watching for a Wyckoff distribution to confirm a sell opportunity. Whether or not price mitigates the supply zone, I'm expecting it to retrace to a newly formed demand zone, ultimately aiming to make a new high. Therefore, once price reaches the 10-hour demand zone, I will be looking for buy opportunities. Confluences for EU Sells are as follows : - Price has been very bullish, breaking structure to the upside. - The current trend is bullish, matching the dropping DXY. - There is significant liquidity to the upside, with strong bullish candles on the higher time frame. - Demand zones have been created near the current price, indicating potential for another rally. P.S. Once price returns to the 10-hour demand zone, I will be on the lookout for a Change of Character (CHOCH) on the lower time frame to confirm my buy opportunities. For now, I'll wait to see how Monday's market opens.
Short
by Hassan_fx
EURUSD - Trade analysis !!Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from liquidity zone. Fundamental news: Upcoming week on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURUSD BUY | Idea Trading AnalysisEURUSD is moving under the descending channel The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
5
EURUSD Bullish Direction Money heist planMy Dear Robbers / Traders, This is our master plan to Heist EURUSD bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
Long
by Thief_Trader
EURUSD Roadmap==>>1-hour time frameEURUSD is moving near the Resistance lines and Potential Reversal Zone(PRZ)($1.084-$1.081) . According to Elliott's wave theory , EURUSD seems to be completing the Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . I expect the EURUSD to decline at least to the target I have specified on the chart. Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
EurUsd- Rise to 1.11 this summerRecently, EUR/USD found support and formed a strong base just below the familiar 1.07 level. The pair began to rise and has been in a consolidation phase since Friday's Non-Farm Payroll (NFP) report. However, the pair is currently testing Friday's high, and a breakout seems imminent. If this occurs, we could see an acceleration to the upside, with my medium-term target at 1.11. Interim resistance is at 1.1, and to be honest, the highs from mid-May to early June are not expected to pose much trouble for the bulls and should be broken easily.
Long
by Mihai_Iacob
1
EUR/USD Outlook ICT Concepts💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 🔍 Identifying Key Levels The price has recently moved above the previous week high (PWH), indicating that liquidity above this level has been taken. This often triggers a bearish sentiment as traders anticipate a reversal to target lower liquidity levels. Currently, the price is trading within an imbalance zone, a critical level where liquidity is often gathered before a reversal. If the price fails to hold above this imbalance, it reinforces the bearish outlook. 📊 Key Considerations Additionally, the price is trading near the equilibrium high (EQH), another significant level where liquidity might be captured before a reversal. If the price sweeps the liquidity resting above this level, it could signal a potential bearish move. 📉 Current Price Action The recent price action shows a mixed sentiment. The price has taken out the PWH, indicating potential liquidity capture. Currently, the price is trading within the imbalance zone, suggesting a potential for downward movement if this zone holds as resistance. 🔄 Bearish Scenario Given the current market conditions, the bearish scenario is supported by several factors: • PWH Swept: This indicates that the market has taken liquidity above the previous week high and is now likely to target lower levels. • Imbalance Zone: The price is currently trading within the imbalance zone. If this area holds as resistance, it suggests a bearish outlook. A failure to break above this zone reinforces the bearish scenario. • EQH: The proximity to the equilibrium high indicates a potential reversal area. If the price sweeps the liquidity resting above this level, it might trigger a downward move. 📈 Bullish Scenario Considerations While the overall sentiment appears bearish, there are factors to consider for a potential temporary bullish move: • PWL Test: Before a significant downward move, the price might test the previous week low (PWL). This could lead to a short-term bearish move, capturing additional liquidity before continuing higher with more momentum. • Gap Fill: There is a gap below the current price level. If the price fills this gap, it might then find support and reverse upwards. • Creating Low Resistance Sell Side Liquidity: The price could create low resistance sell-side liquidity (LRSSL) on its way down. Once this liquidity is created, it can be used for long positions, as the price may reverse and use this liquidity to fuel an upward move. 📊 Chart Analysis Summary The price has swept the PWH, indicating a bearish sentiment. The imbalance zone and EQH are key liquidity levels suggesting potential downward movement. However, the price might test the PWL for a temporary bearish move before continuing higher. The creation of LRSSL could provide opportunities for long positions. 🙏 Thank you for joining us! Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
1
THE ONLY SETUP YOU NEED FOR EURUSDMonday is most of the times a boring days to trade, but it's an important day to keep in mind to make a plan. Today is a dangerous trade to operate, and that's why i have two setup in one idea for you. EURUSD will go down, and this is a high probability trade. But today Powell will speech, and this could create volatility. I do not exclude that EU could go higher to squeeze the short. But it can happen for some minutes only. We will go down and the price will reach 1.074, probably this week. Here i have planned to enter long, because price will reverse. R:R will be better in the long trade, but i will DCA the short today
Short
by SaliJournal
EUR/USD Shorts from 1.08600 back down.This week's forecast for EU is looking very promising for sells. I hope for price to break the current supply zone, although we might see a reaction from it before price reaches the daily supply zone above. This upper zone is a more valid level for taking sells. If Monday opens with a sweep of the Asia high and a clear CHOCH, I might consider imminent sells from the current zone, but with lower risk as the POI is not ideal. From there, I expect price to drop into a demand zone, where I can look for new buying opportunities. Confluences for EU Sells: Price is in a supply zone and showing weakness in bullish pressure. There is a daily supply zone above that holds good validity. DXY is also in a demand zone, aligning with the negative correlation. There is lots of liquidity and imbalance below, drawing price downward. P.S. If price respects a nearby demand and breaks both supply zones, it will confirm a bullish bias, and I will start looking for buys.
Short
by Hassan_fx
6
LET'S THINK TOGETHER ABOUT EURUSDIn the past week we have witnessed a sharp increase in the eurusd. The climb started from the 1.06700 zone where the pair created support with a triple touch in recent weeks. Before this restart I would have bet on a visit to the 1.0600 area where we find a lot of liquidity, this did not happen... but this does not mean that the price cannot return there. At this point let's analyze the two possibilities together. In favor of the long we have a cot report from last week which shows institutional positions LONG on the pair, all the moving averages (20/50/100/200) were exceeded without a response in the TF daily and above all a weak dollar, which has refused the visit at the highest levels of recent months. Instead, in favor of the short we have the zone we are entering which is full of resistances, Fibo and POC levels. At the same time the RSI oscillators in the average TFs show overbought. The Cot reports have not been updated and institutional investors are most likely starting to consider unloading long positions after the rise. Retail sentiment 87% long vs 13% short. At this point comes my idea: We will most certainly see a decline in the short/medium term to fill the areas left and then we will have to observe how the price will react to understand whether to go long and where. I am currently positioned short and watching whether the price will need higher resistances to open new higher positions. Always think with your head, do not copy signals without having a valid idea about the operation you are about to open.
Short
by jamesbond70