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Eurusdprediction

EURUSD price analysis week 22📌After the surprise data on US services PMI skyrocketed, there was concern that the FED would cut interest rates less than expected. This caused investors to rush into the USD and pushed the Euro down despite the EUR PMI data. better than previously announced expectations. 📌EUR/USD recovers to 1.0850 as risk mood improvesEUR/USD gains traction and rises to 1.0850 on Friday. The improvement seen in the risk mood made it difficult for the US Dollar (USD) to maintain its strength and helped the pair erase some of its weekly losses. 📌EURUSD does not break the EMA 89 and continues to maintain its long-term uptrend. After bouncing up to 1.0850 EUR, it created a new, more stable and solid trendline. This 1.0850 area is currently a resistance area saved by the trendline and the old peak in the h4 time frame, so there is a high possibility that the pair will have a slight recovery. The highest increase that the pair can achieve next week is around the price range of 1.0930 after breaking the peak around 1.0890. On the opposite side, if the rising trendline is broken, the next support level is around 1.0770, at which point a short-term downtrend will begin to form if this support is broken. 🕯Trading signals BUY EURUSD zone 1.07700-1.07500 SL 1.07200 SELL EURUSD zone 1.09300-1.09500 SL 1.09800
by TVS-Trader
EUR/USDMy plan for EU this week is similar to GU, but with a focus on the nearby supply zone. I will look for a temporary sell-to-buy setup, especially interested in the 3-hour supply zone. However, I will proceed with caution and wait for a distribution to occur within the POI before considering any sells. There is trendline liquidity above the supply, so I expect the zone might get breached to sweep the Asian high. Once price reaches the 11-hour supply zone, it will present a more favorable sell opportunity. If the price drops early, I will wait for it to reach the 10-hour demand. Confluences for EU Sells are as follows: - Price has changed character to the downside. - Price has left a clean 3hr supply that is sitting ontop of some liquidity. - Price left an imbalance below that needs to get filled. - Price has been very bullish and can do with a retracement back down. P.S. If the price reacts to the 3-hour supply, I will look to sell down to fill in some of the imbalance just above the 10-hour demand. At that area, I will shift my bias to buying, following a day trader approach. Have a great trading week ahead guys!
Short
by Hassan_fx
1
Expectations for the EUR/USD Market from May 16, 2024, to July 2Expectations for the EUR/USD Market from May 16, 2024, to July 26, 2024 May 16, 2024: The EUR/USD pair is expected to start at 1.08966. May to July 2024: The market is anticipated to experience a decline, reaching 1.05101 by July 26, 2024. Stay updated with our forecasts to navigate the EUR/USD market effectively. Keywords: EUR/USD forecast, EUR/USD trends, euro to dollar prediction, EUR/USD analysis, forex market outlook, EUR/USD decline, forex trading, EUR/USD May to July 2024, currency market analysis, EUR/USD predictions July 2024. Feel free to share your thoughts and join the conversation on the EUR/USD market outlook.
Long
by xcherroudx
💡 EURUSD: Analysis May 21EURUSD continues to accumulate in front of the 1.0900 resistance level, the price created a new bearish pin bar pattern on daily however this pattern is quite weak and not a concern. Combined with previous bullish signals, including breaking the down channel, the longer the price accumulates around this resistance level will increase the chance of breaking out above, you continue the buy-up strategy, two scenarios. The potential version is when the price corrects to 1.08xx while creating a bullish signal, or when the price clearly breaks the 1.0900 level. 💡 H1 trend: sideways Today trading idea: Buy EURUSD
Long
by Stone_Haven
EURUSD Money Heist Plan on Bullish DirectionMy 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. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, 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, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. 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: EURUSD analysis todayRecent information confirmed that US client charges fell in April, main to marketplace expectancies of a 50 foundation factor hobby fee reduce this year. However, warning from diverse Fed officers has tempered those expectancies, with buyers now predicting round forty six foundation factors of easing, merely factoring in fee cuts for November. In early buying and selling on Monday, the euro rose barely to $1.087525, drawing close a almost two-month excessive of $1.0895 reached final week. The greenback index, a gauge towards six important currencies, confirmed little change, status at 104.forty six.
Long
by Chart_MasterPro
EURUSD May 20, 2024 Is this price increase over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Based on the Elliot wave principle, we analyze the H1 chart - We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc. - Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c. - This is a very good price range to be able to execute a sell order at this price range - Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787 Trading plan We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787 Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level. 📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East. 📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal. 📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier. Trading signals SELL zone 1,093-1,095 SL 1,097 BUY zone 1,081-1,079 SL 1,076
by TVS-Trader
EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. 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
7
EUR/USD Shorts to Longs ideaMy EU analysis this week focuses on shorting opportunities. I will look for sells either from the 6-hour supply zone near the current price or, ideally, from the 11-hour supply zone if the price breaches the Asian high and continues upward. If the price opens lower, I will look for buying opportunities at the 4-hour or 3-hour demand zones. Once the price reaches these demand zones, I plan to buy up toward the supply zone, as we are still in a short-term bullish trend indicated by the recent break of structure to the upside. Confluences for EU Sells are as follows: - 11hr supply zone has caused a break of structure to the downside and nearby 6hr supply. - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has already mitigated 4hr supply might be a start of a bearish trend. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. - Clean 11hr supply that has an imbalance that we could see a clean reaction from P.S. Since the price is between liquidity zones, I will approach these nearby areas with caution and may lower my risk until the price reaches more favourable extreme zones where trades will be more worthwhile. Have a great trading week!
Short
by Hassan_fx
1
EURUSD week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week we saw the US CPI increase beyond expectations plus the number of applications for unemployment benefits decreased even though the labor market decreased. This shows that people are gradually adapting to the economic downturn. maintain high interest rates. This will create motivation for the Fed to continue maintaining high interest rates in the near future, increasing the strength of the USD against the EUR. We use the Elliot principle to analyze the EURUSD chart Looking at D1, we see that the correction process is entering the wave c phase in the abc correction rhythm. We have an important price level of 1.0444 to confirm the existence of wave c, which is when the price breaks out of this price range. Then we will measure the end target of wave c at two price zones: zone 1.02 and zone 1. Next week's plan is to focus on observing the price range of 1.0444 to plan our trading. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Short
by DEEKOP