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Eurusdprediction

EURUSD trading signals✨EUR/USD is trading highs near 1.0850 during the European session on Thursday. The pair ignored risk-on market sentiment and dismal German IFO data, finding support from US dollar weakness. Traders are now looking to US Q2 GDP data for fresh guidance. ✨Technically EURUSD is in an uptrend. Our BUY signal is in the critical zone of the EMA combined with the Fibonacci 0.5 retracement level. The starting point of wave 5 of the Elliot wave model with the expectation that the currency pair will reach the resistance level at 1.1000 coincides with Fibonacci 1.272. BUY EURUSD now zone 1.08500-1.08300 ↠  Stoploss 1.08000 → Take Profit 1 1.08800 → Take Profit 2 1.09500
Long
by TVS-Trader
6
EUR/USD Short ideas from 1.08900 back downMy analysis for EUR/USD aligns with my outlook on other major pairs against the dollar, focusing on sell opportunities. The continued break of structure to the downside has left a promising 14-hour supply zone that looks ideal for short positions. Within this zone, we might see a deeper mitigation of around 50%, making it easier to identify the UTAD (upthrust after distribution). Once the price forms a Wyckoff distribution on the lower time frame, I will look for a precise entry point. Confluences for EU Shorts are as follows: - Price currently formulating lower lows and lower highs. - Supply zone on the 14hr that has caused a break of structure to the downside. - Lots of liquidity to the downside in the form trend line and Asia lows. - DXY (DOLLAR) is also bullish on the higher time so overall this is a PRO trend trade idea. P.S. If the price continues to break down, I will be looking out for new supply zones until the price approaches the 23-hour demand zone, where short-term buys may become viable. Remember NFP Friday this week so stay vigilant!
Short
by Hassan_fx
1
EURUSD I Potential bullish rise but trading in weekly rangeWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
EURUSD LongLong with Cluster Zone as target. Position split to 2. First order market. 2 orders below the range that had formed in the morning, at a low of 1.0825. 2 Build an order with a limit in the market or gradually over several partial positions. Below the low are several old value zones that should provide support. There are also some important dates on the calendar today that could give the EUR a boost up. There could be a downward spike that you can use to get better prices. On weekly and monthly charts the EUR is gaining strength. So my bias is Long
Long
by Edgezone
EURUSD Analysis (July 22-July 27)🌐Fundamental analysis: EUR/USD fell slightly below 1.09. ECB kept interest rates unchanged as expected and left open a decision on interest rates in September. The US Dollar (USD) regained upward momentum on Thursday, bringing the USD Index (DXY) back above 104 .00, thanks to a significant recovery in US bond yields. In his press conference, the ECB president expected the recovery to be supported by consumption, emphasizing the resilience of the labor market. Domestic inflation remains high and wages are growing at a high rate. Besides, investors are still debating whether the Fed will make one or two interest rate cuts this year. Meanwhile, the prospect of an economic recovery in the Eurozone and signs of cooling in key US economic indicators could ease the ongoing divergence in monetary policy between Fed and ECB, sometimes supporting the EUR/USD pair in the near future. 🕯Technical analysis: Expect EUR/USD to face the next upside resistance at 1.096, followed by the January high of 1.110. On the upside, if the bears regain control, the pair could target the 1.0820 EMA support zone before sliding to the June low of 1.0666. Looking at the big picture, it seems like the growth momentum will continue if the price line remains above the two EMA lines. There are two break out levels to form a very important trend of the pair at 1.096-1.082. Support: 1,083-1,068 Resistance: 1,096-1,110 SELL EURUSD zone 1.110-1.130 Stoploss 1.140 BUY EURUSD zone 1.082-1.080 Stop loss 1.079
by TVS-Trader
1
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. 💡Previous Analysis Review: In the previous analysis, we expected the price to expand lower because we took the previous month low, a key liquidity level. This expectation was met, and the price continued its downward movement. 📍Current Market Overview: Currently, the price is around 1.08385. The price has swept the previous week low, which is another key level. This could indicate a potential shift in direction. 🔍 Identifying Key Levels: The chart highlights several significant levels and zones influencing the current market behavior: • PML: Previous Month Low • PWH: Previous Week High • PWL: Previous Week Low • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • SMT: Smart Money Technique (with GBP/USD at 1.08953) • 50% Range: The midpoint of the range 📊 Key Considerations: • Current Price Position: The price is trading around 1.08385, below the previous week low. • Previous Week Low: The previous week low has been swept, indicating a potential shift in direction. • SSL and 50% Range: The SSL is also the 50% level of the range, making it a significant level to watch. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Sweep PWL: The price has already swept the previous week low, which could indicate a potential bullish reversal. • Lower Time Frame Confirmation: Look for confirmation in the lower time frame to take long positions. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: • Continuation Lower: The price could continue going lower to the SSL, which is also the 50% of the range. • Key Levels Taken: If the SSL level is taken out, it could indicate further bearish movement towards the lower range. 📊 Chart Analysis Summary: • Bullish Expectation: The expectation is for the price to potentially reverse after sweeping the previous week low and look for confirmation in the lower time frame for long positions. • Bearish Expectation: If the price continues lower, the SSL and the 50% of the range are significant levels to watch for potential bearish continuation. 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
7 Dimension Buy Trade Setup for EURUSD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bullish with inducement done. Corrective swing move reaches the extreme POIs, also gives a pullback at the demand level, forming a bullish internal structure. Mitigated all POIs including extreme OB, FVG, and liquidity sweep area inside the structure in the discounted zone. Swing support demand zone plays a significant role at this point and this zone also acts as a change in polarity zone. 2: Pattern 🟢 CHART PATTERNS: Reversal: Double bottom chart patterns also indicate a reversal. 🟢 CANDLE PATTERNS: Momentum: Many bullish and bearish big candles show huge activity in this area, indicating execution momentum is on the sell side and building momentum on the buy side, but buyers look strong. Narrow range 4 pattern possibly formed and a tower bottom is also fully formed, indicating a buy-side reversal. 3: Volume 🟢 Fixed Range: According to this, many bulls are active in this area and have very good buy pressure. 4: Momentum RSI 🟢 With 2 bullish divergences in the bearish range indicating a momentum shift from bearish to sideways range shift. 5: Volatility Bollinger Bands 🟢 After corrective volatility expansion, now volatility is going to cool down and might be for one day, price can consolidate in this range and then start another impulsive move on the bull side with a possible upper band squeeze breakout walking on the band because right at this level we also see a W Bollinger band pattern and lower band puncher. 6: Strength: EUR is strong. 7: Sentiment: All indicators point to buy sentiments. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: CHOCH in M5 and also mitigated all the POIs in entry time frames ☑️ M5 Trend Line Broke 💡 Decision: Buy 🚀 Entry: 1.08845 ✋ Stop Loss: 1.08753 🎯 Take Profit: 1.09232 😊 Risk to Reward Ratio: 4.24 RR 🕛 Expected Duration: 2 Days Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology.
Long
by Optimum369
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