💡 EURUSD: Analysis May 17EURUSD fell yesterday, bouncing down from the strong resistance above. However, the downward pressure on prices is not strong because yesterday's decrease bar D1 had a narrow amplitude and had a lower shadow, showing that there is still buying force pushing up. The D1 EURUSD chart structure is still accumulating sideways. Need a break above the current resistance for EURUSD D1 to reverse to an uptrend.
After the previous price push up, EURUSD H1 is having a pull back down. But with the dominant H1 chart structure being bullish, EURUSD H1 today can continue to wait to buy. Buying points include (1) waiting for an upward push to break the current small range and then retesting to buy, (2) being able to buy if the price drops deep to the lower support zone.
Eurusdprediction
EURUSD Short Trade Setup A #short trade opportunity recently presented itself on the #eurodollar (#EURUSD) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 1.08939 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.06500 psychological level and possibly testing the strength of the 1.06443 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
Fundamental Analysis of the US Dollar
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm.
In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall.
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EURUSD: The USD fell against the euro awaiting CPI dataThe US greenback fell to a one-month low in opposition to the euro today, as buyers predicted the discharge of a key US inflation record that might affect US coverage decisions. Federal Reserve. The euro rose barely 0.03% to 1.0823 USD at some stage in Asian buying and selling hours, at one factor attaining 1.0828 USD, a stage now no longer visible given that April 10.
The US greenback index, which compares the greenback in opposition to a basket of six important currencies with a widespread emphasis at the euro, fell 0.11% to 104.94. Earlier, it touched a low of 104.92, its lowest in per week and a half.
At the identical time, US Treasury yields fell, with the benchmark long-time period yield falling to 4.4414%, persevering with its in a single day decline of 3.five foundation points.
EURUSD DAILY SETUPHello, traders here is a setup of EURUSD on a daily timeframe as you can see the market is bullish and has broken the trend line so as things stand right now I will be waiting for the market to break the resistance zone (the first green zone) and come back to retest it then I will look for bullish trades. If the Market decides to go down I will be prepared for it too as I will wait for it to break the support zone (the first red zone) then I will look for bearish opportunities.
💡 EURUSD: Analysis May 13EURUSD did not change much in the weekend session, the price is still testing the upper border of the falling price channel, the bearish structure is still valid, however the continuous testing of the 1.08 area shows that buying pressure is returning, Be careful with the possibility of the price breaking the structure, you need to maintain the profit taking point for long positions above 1.08, we will abandon this strategy when the price does not break this important resistance level. .
EURUSD Wednesday PlanHere you are a simple trading plan for tomorrow. It's pretty ambitious, but maybe it can help you finding good entries. This is how i works, i make plan, and if i have triggers, i'll open trades. Momentum is good and bullish for EURUSD and looking for shorts now it's pretty useless. I am waiting a retrace in the asian session, with a range in pre London. If we will have a range there, i will open if we will grab liquidity from the down side (long squeeze) and i will open a long trade around 1.07850 targeting 1.08650. Another trade can happen at the beginning of the NY session, where (if we are already up and above actual level) we can look for new longs around 1.08250. Same target
Here's the answer sheet for #EURUSDHello friends nice to meet you all hope you have a good day
#EURUSD
At other publish, We hit the target perfectly and took the WIN.
Next, I will guide you through the next view. FOCUS.
#EURUSD is showing an extended wave.
If the upper line of the wave is broken upward and the retest is successful,
It is open to rising to the recent high.
🌟 EUR/USD Channel breakout ..BUY for further upside move🔥👉🏻EUR/USD has continued the bounce from 1.0725 that started last Thursday, and the pair is now re-testing the 200-day moving average.
👉🏻EUR/USD had previously tested the 200-dma as resistance on NFP Friday, which led to a pullback. But bulls held a higher-low at prior resistance of 1.0725 and that’s allowed for another re-test of the moving average.
👉🏻The big question now is how the USD and related pairs, especially EUR/USD, perform around the Wednesday release of CPI.
💡GU Multitimeframe 💡Starting to see some bearish confluences on GU
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EURUSD: Dollar steadies ahead of CPI dataThe dollar index and dollar index futures were little changed during the Asian session on Monday.
But traders remain largely biased against the greenback ahead of key US inflation data later this week.
The CPI - released on Wednesday - will be closely watched, as it could influence the US interest rate outlook.
The dollar saw wild swings last week as mixed U.S. economic data raised questions about when the central bank will start cutting interest rates this year. However, while the US economy appears to have cooled in recent months, inflation is forecast to remain high.
EURUSD Daily setupHere we are again with a daily signal. I like to work with limit order to reduce the risk and have a better RR, and today i placed a sell limit order at 1.0801. Daily bias is bearish, and it's what i was looking for considering i am bearish on EU from some days. So, good chance to follow the main trend. Stoploss just above local top, targeting 1.078
EURUSD I Potential bullish rise Welcome back! Let me know your thoughts in the comments!
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SHORT EUR/USD from 1.0783The declining trendline (shown) has held down EUR/USD since the high of March 8th.
It never ceases to amaze me that trendlines so frequently predict price although like anything in trading you cannot depend on them always.
So you need other signs that the price is heading in one direction or another or if the price is reversing or about to reverse.
The Andean Oscillator is a very accurate indicator that not many traders seem to use which I believe is a mistake as it carries a great deal of informatrion if read correctly.
The red SELL line is now above zero on 1M, 5m and 15M and this would suggest EUR/USD BEARS are entering the market.
Its also worth noting that the previous H1 candle is a classic doji indecision (possibly reversal) candle which adds weight to the analysis.
The main worry about this trade is the proximity of the Weekly Resistance Pivot WR1.
This sits at 1.0799 and will be a target for EUR/USD BULLS so I have the STOP above this level incase we get a run up to this resistance level.
Target if the trade takes off will be the 200 EMA at 1.0750 area though the price would need to break through the 25, 50 and 100 EMA's to get there.
Worth noting that the 200EMA on H1 and H4 are in the same place.
The structure remains BULLISH whilst we trade above the H4 200 EMA but a break of this level opens up a possible deep move south down to 1.0664.
💡 EURUSD: Analysis May 8After continuously creating bearish signals on the daily frame, around the upper border of the falling channel, the price began to fall again in the past session, the downward momentum is still continuing to be maintained this morning. The short positions are profitable, you continue to hold the position, the target will be around the 1.06xx threshold, keeping the SL above 1.08xxx.
EUR/USD Longs from 1.07400 up towards 1.08200EU shares a similar bias with GU, as they exhibit comparable movements. Therefore, I'll be focusing on potential buying opportunities this week, particularly from either the 6hr demand zone or the one just below it. Given the presence of an equal low beneath the initial demand, it wouldn't be surprising if this level is breached to reach the subsequent demand zone.
In the event that price doesn't reach these levels, I'll be monitoring for a wyckoff accumulation pattern to emerge. This would signal a buying opportunity, aiming for an upward move towards the major supply zone, mirroring GU's position. I anticipate this scenario unfolding around midweek, so we'll have to wait and see.
Confluences for EU Buys are as follow:
- Price has been bullish in the recent price action as you can see via the market structure.
- Two 6hr demand zones in close proximity has caused a break of structure to the upside.
- lots of liquidity in the form of equal highs above to target as liquidity.
- Unmitigated 2day supply that price needs to go towards.
- Dollar is also dropping so it makes sense with this bias. as they move opposite.
P.S. If price continues its upward movement, I'll identify a new demand area for potential buy positions. Alternatively, I'll wait for price to reach the supply zone to initiate sell trades from that point.
Lets catch these pips!
EURUSD Technical Analysis and Trade IdeaThe EURUSD is exhibiting a bearish sentiment on the weekly timeframe; nevertheless, there is a noticeable robust bullish trend observed on both the daily and the 4-hour timeframes. Notably, we witness a pronounced reaction at the weekly levels identified as resistance on the chart. Furthermore, we have identified a daily support level, marked as a potential target for a pullback and a prospective entry point for a long position. In the video, we thoroughly analyzed price action, market structure, the prevailing trend, and a plausible trading opportunity.