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Eurusdprediction

EUR/USD Shorts from 1.07400My bias is similar to GU, given the significant bearish pressure we've seen. I aim to continue this bearish trend. Currently, I am waiting for a pullback into a supply level for price to distribute and maintain its downward direction. I will look for sell opportunities at the 10-hour supply zone. If the price doesn't react there, I expect a stronger response from the 4-hourly supply zone, which is at a more premium price. From there, I plan to sell back down, targeting the liquidity below. Confluences for EU Sells are as follows: - Lots of liquidity below that needs to get taken as well as imbalances that need to get filled. - DXY is also looking bullish which aligns with this idea as well. - Price has left a clean level of supply that has been unmitigated. - Price is currently in a downtrend so this is a pro-trend idea. - Higher time frame and candle stick anatomy also show bearish P.S. If the price drops a bit more, I will consider taking buys from the 4-hour demand zone, as it is valid and at a good price point. However, if this zone breaks, it will further confirm my bearish bias.
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by Hassan_fx
🤟EURUSD: New MULTITIMEFRAME analysis is here🤟☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
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by Yelli_trades
21
EURUSD SELL | Idea Trading AnalysisEURUSD is moving in a descending channel between the trend lines and Resistance area. Is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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 🤝
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by TheGrove
1
EURUSD: First Short then Long !Hello traders, hope you doing great. Last week We had a short position in EURUSD, unfortunately it hit our Risk free and we gained profit not so much. BUT for upcoming week, I think same as last week and it means we'll probably see a downtrend in EURUSD to specified Level and then an uptrend may begins. so with a proper trigger, we can reopen a short position again and then open a Long position. and finally tell me what do you think? UP or DOWN? leave your comment below . if this post was helpful to you, please like and share with your friends. Thanks.
by aminrzb
EURUSD Price Outlook- 12 June 2024Monthly : The candle of April has been created a Bearish M-MSS. The High of the Monthly level is 1.09812, & there is M-SSL level 1.06011. As the price has been Taken the PMH & we can see the bearish M-MSS so we can expect the M-DOL in Bearish & the target is 1.06011. Monthly Bias: Bearish Weekly: Weekly we can see the formation of bearish W-MSS, & the price has been closed bellow, after taking W-BSL on 3rd June W-candle, & this week we have seen formation of w-Volume Imbalance, so we can expect either the price will fillup the W-VI then go down, or it could go down from here. Weekly Bias: Bearish Daily: The price has been created a D-MSS along with D-FVG after taking the W-BSL, on Daily Candle closing on 7 June.& now the price has been taken the D-BSL -1.07239, So we could expect the price could go up towards the W-VI & the unmitigated Daily-FVG, then Come down, or Directly dome down from here. Daily Bias: Bearish.
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by Trader_PKR
1
EURUSD SELL | Idea Trading Analysis#EURUSD moving higher as it tests the strong resistance level. The price has reached the resistance level.. The chart is moving from the upper boundary of the channel. We expect the correction to continue.. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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 🤝
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by TheGrove
1
Euro Slumps on Populist Surge: A Trader's Guide to Uncertainty The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll results paint a picture of a fractured Europe, with anxieties swirling about the future unity and stability of the European Union. Investors, understandably jittery, have reacted swiftly by pulling back on euro-denominated assets. This has resulted in a sharp decline in the euro's value against other major currencies. The coming days and weeks are likely to be marked by continued volatility in the eurozone, creating a complex environment for traders to navigate. Adaptability is paramount in this climate. With the potential for further political escalation, the euro's depreciation could accelerate. In such a scenario, shorting the euro – essentially betting on its decline – could be a viable strategy. However, this is a tactic that requires meticulous planning and precise timing. Traders must carefully weigh the risks involved against the profit potential. To make informed decisions, staying abreast of developments is crucial. Closely monitoring the political climate and key economic indicators that could influence the euro is essential. Real-time news updates, expert analysis, and access to reliable data sources are your weapons of choice in these turbulent waters. Additionally, implementing robust risk management techniques will be your safety net, protecting your investments from unforeseen market swings. The current situation presents a unique opportunity for astute traders. By evaluating existing positions, considering the potential benefits of shorting the euro, and formulating a well-defined strategy, you can transform these challenges into opportunities. While the path ahead may be unclear, adopting the right approach can empower you to thrive in this volatile market. By following these steps and leveraging our resources, you can transform uncertainty into an advantage and emerge from this market turbulence a winner.
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by bryandowningqln
EurUsd Breaks structure.. to 1.057 Monthly Level?Hello Traders. EurUsd has been ranging for the last 3 weeks ever since May CPI data. We attempted to break to the upside last monday but this resulted in a failed breakout and better than forecasted US Jobs data pulled USD down with strong momentum. Price retreated all the way to the bottom of the daily range on friday at 1.08 Daily support level. It appears this momentum has sustained itself as price gapped down over the weekend and we observed a further selloff during the first trading session of the week , moving another 25 pips. I do see some buying pressure off 1.07478 moving into London trading and to begin the week. Looking at the June Monthly candle, we are just pulling straight down thus far. Can we extend to the bottom of the Monthly range at 1.057? It seems likely the dollar will remain strong for some time given the strong labor market data and the Higher for Longer Interest rates concept. Safe trading.
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by ShrewdCatfx
EURUSD analysis after positive Nonfarm data📌EUR/USD plummets to weekly lows near 1.0800 following US jobs data. EUR/USD is under heavy pressure and trades at a one-week low near 1.0800. The US dollar continued to gain strength following upbeat jobs data, which showed Nonfarm Payrolls increased by 272,000 in May and put pressure on the pair. 📌Markets are focused on the European Parliament Elections, today. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌After breaking through the trendline and the important support zone at 1.08350, gold approached the stronger support level of 1.079. From there a small trading price margin is formed. The recovery next week of EURUSD is insignificant with the highest level being the Break out price range around 1.08600. The pair's decline is favored with a record hit of the 1.07300 support zone possible. Resistance: 1,083-1,086 Support: 1,079-1,073 BUY EURUSD zone 1.073-1.072 SL 1.070 SELL EURUSD zone 1.086-1.088 SL 1.090
by TVS-Trader
EURUSD: Bearish Butterfly Pattern Signals ReversalThe EURUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classic reversal structure frequently observed in technical analysis. The Butterfly Pattern suggests that the current bullish momentum may soon exhaust, giving way to a potential bearish trend. Potential Reversal Zone (PRZ): Point D, at the completion of the Butterfly pattern, is identified as a Potential Reversal Zone (PRZ). This zone is critically important for several reasons: Key Resistance Area: The PRZ aligns with a significant resistance level, historically indicating strong selling pressure. 4-Hour Trend Line: The zone coincides with a downward sloping trend line on the 4-hour chart, reinforcing the bearish outlook. 61.8% Fibonacci Retracement: The PRZ is also at the 61.8% Fibonacci retracement level of the preceding move, adding another layer of confluence to our bearish bias. Entry and Risk Management: Given the confluence of technical indicators at the PRZ, we anticipate a trend reversal to bearish from Point D. Our proposed trading strategy is as follows: Entry Point: 1.08865 Stop Loss: 1.09030 The stop loss is strategically placed above the PRZ to protect against potential false breakouts and limit downside risk. Take Profit Levels: To effectively manage our positions and lock in profits, we have set multiple take profit levels: TP-1: 1.08700 TP-2: 1.08535 TP-3: 1.08370 These targets are derived from previous support levels and the harmonic pattern projections. Conclusion: The confluence of the Bearish Butterfly pattern, key resistance, trend line, and Fibonacci level significantly strengthens the bearish case for EURUSD at Point D. By entering the market at 1.08865 with a stop loss at 1.09030, and targeting the specified take profit levels, traders can capitalize on the anticipated bearish reversal while maintaining disciplined risk management.
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by trading_jupiter