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Eurusdprediction

EUR/USD imminent Longs up towards 1.07000 This week's bias closely resembles that of GU, where I'm seeking buying opportunities towards a subsequent selling position. With price melting down and breaking structure to the downside, it has created numerous imbalances that need filling, prompting this bullish outlook. I'll be patient, waiting for the accumulation phase to complete along with a confirmation of change of character (CHOCH) to enter buy positions aiming for the newly established 10-hour supply zone. Subsequently, I'll look to initiate sells to continue the bearish trend downward. Confluences for EU Buys are as follows: - Price left so many imbalances above that need to be filled. - In order for price to continue the bearish trend price must pull back up. - Price is currently inside a 18-hour demand zone with a good initial reaction. - DXY is also near a good supply zone so could expect the dollar to drop a bit this week. P.S. Given the Asian low within my zone, I wouldn't be surprised if price dips further to test a deeper demand area below. Nonetheless, these long positions are merely a temporary move to realign with the prevailing bearish trend. Have a great trading week guys!
Long
by Hassan_fx
EurUsd : Usd Fundamental dominance ⚗️Hello traders.. so yes indeed we did get a very nice push down on EurUsd with CPI data. I put out Short Analyses on Sunday/Monday around Pre-London outlining the fear and market uncertainty that increasing inflation brings into the markets. The inflation reading CPI was expected to rise from 3,2% to 3.4% YoY. The reading came out as 3.5% YoY and we dropped hard on EurUsd. The price action preceding CPI data was suspicious as we had a SHooting star candle last Thursday followed by a hanging man candle on Friday.. caused by strong jobs data. The Monday daily candle this week closed bullish yes, but this candle was less than half the size of the large bullish engulfing candle last wednesday. It was also on a Monday & we still had the rest of the week's price action to observe. On Tuesday , Yesterday, we printed another shooting star candle as we pinned past the previous week's high price. See what I'm seeing here? Then we couple this withg strong USD jobs data last friday and we have many confluences for a decrease in the market. The best part is that you dont even need to hold tthrough news. You can wait until the data comes out and then trade with the momentum on the 1m timeframe. For the new day of trading, I can observe EurUsd continuing to decrease although we are at a Daily support level 1.07422. This is a rare occasion when I completely okay selling at support lol. This is because of fundamentals and a nice pullback for liquidity early in the month for EurUsd. The first week of April was liquidity. Target for end of week on EurUsd is 1.06882
Short
by ShrewdCatfx
EurUsd.. End of week Momentum 🕴️Hello traders.. we have the last 2 trading sessions of the week here. The monthly/weekly/Daily are all bearish. 4Hr market structure is bearish and we are creating a new 4hr resistance zone at 1.07261 after this 4hr candles closes in 30 minutes. Today we observed a continuation on EurUsd which was forecasted inadvance on this channel. It was relatively straight forward given the current fundamental backdrop in the markets with strong jobs datta last week and 2 consecutive inflation increases for March and April CPI releases. The large bearish engulfing candle also gave it away.. I really dont want to know who was trading against the trend this week. Anyways we currently have momentum in the market and I believe we will retest the previous daily low at 1.06992 4hr support zone. We outlined this zone in the analysis yesterday as well. We rejected this zone at London close during the New york session today. We reached my short target for the week already.. 1.06992. We have a Daily support level at 1.07086. It's possible we may ignore all level's and drop to the next key level , weekly level 1.06834. We have consumer sentiment for USD forecasted to decrease slightly across the previous data point. The news may act as an catayst to continue dropping or Pullback to end the week. Important levels to watch 1.07261 and 1.07086. Watching how candles interact with these levels.
Short
by ShrewdCatfx
EUR/USD key S/R levels for buying and selingHello traders, EUR/USD is slowly and gradually inching upwards. Last week our buy@1.0740 worked perfectly. At the moment, I am seeing a rather interesting development on the 4H chart. EUR/USD seems to have broken out of the descending trendline resistance level. However, note that there is no confirmation of the breakout yet However, if price does break out in a bullish fashion, the next level would certainly be 1.0944. I am avoiding any entries in EURUSD at the moment, as we have CPI data and FOMC meeting minutes due tomorrow and monetary policy statement from ECB on Thursday. These events will lead to a lot of volatility and I am looking to take advantage from that.
by KaltoireCapital
21
EURUSD SELL | Day Trading AnalysisHello 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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
EurUsd- 1.05 is a strong possibilityOn Tuesday, April 9th, I posted that rallies in the 1.09 zone, which represents the resistance of the falling trend line for FX:EURUSD , should be sold with a target at the 1.07 zone support level. The following day, CPI figures came in hotter than expected, triggering the anticipated drop. Now, with the pair at the support level, what can we anticipate next? Upon examining the chart, it's evident that the euro has shown weakness throughout the year, with rallies being consistently sold off. Additionally, this marks the third test of this support in 2024, and since December's high, the pattern is a descending triangle (and if we trace back from November, we could even speculate a head and shoulders pattern). Considering these factors collectively, I anticipate a break below 1.07 with a target at the 1.05 support level. Furthermore, if we consider the measured target for both the triangle and head and shoulders patterns, we might even see a drop to 1.02 in the medium term. Any rallies approaching the 1.08 mark should be viewed as selling opportunities in pursuit of a favorable risk-to-reward ratio.
Short
by Mihai_Iacob
1
Bought EURUSD@1.0735, who is with me?Hello traders, as predicted a couple of days ago in my EUR/USD idea, the resistance level of 1.0875 worked well and price fell massively after inflation data from the US came out. Currently, EUR/USD finds itself back in the support region. As the support zone has not broken yet, I have bought EUR/USD already. I recommend traders to buy EUR/USD@1.0710-1.0740 with stop loss below the 1.0680 level and TP at 1.0840, 1.09 provided the support region remains unbroken. Use proper money management, we have another important day coming up with lots of news releases.
Long
by KaltoireCapital
6
Setups for EURUSDHi all! There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began. I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997. Alternative scenario (unlikely) We don’t follow the liquidity that is on top, and immediately move towards filling the FVG for 1 month. And there we look for bullish steps.
Short
by truepersonal
1
EURUSD → TRADE Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
EurUsd is approaching important resistanceSince the start of the year, the price action of FX:EURUSD has been clearly confined within a descending triangle, with a base formed at 1.07. Recently, the pair reversed once again from this crucial level and, at the time of writing, is trading at 1.0856, close to the descending trend line of the triangle. A rise towards the 1.09 resistance level could provide bears with a favorable entry point for a new drop towards support. However, the negation of this scenario occurs if the price closes towards 1.1 on a daily basis.
Short
by Mihai_Iacob
4
EUR/USD rally loses steam ahead of US inflation reportThe euro's rally from the December low appears to be losing steam. Tuesday's high respected a resistance cluster including a 61.8% Fib level, high-volume node and trend resistance. A 2-bar bearish reversal (which includes an engulfing candle) only made a marginal high above Friday's high, and a bearish divergence has formed on the RSI. With CPI looming, perhaps the market will try to fill some of the liquidity gaps left during the bearish engulfing candle. And with the potential for a hotter-than-expected CPI report (and therefore a stronger dollar / lower euro), the bias is for an eventual retest of the 200-day average ~1.0832. A break beneath which brings 1.0820 and 1.080 into focus for bears.
Short
by CityIndex
USD bounces back following Strong Jobs Data 🖤The EurUsd Monthly candle is bullish to begin the 2nd quarter and after the first week of Aprils trading. The weekly candle closed bullish as price rejected our key weekly support level 1.0771. The candle left a 40 pips top wick for this weeks candle to go fill in bullish momentum. However, we observed a shooting star candle on Thursday that closed below our 1.0837 Daily resistance level. The friday daily candle dropped and bounced back up after NFP news. Yet, price still managed to close bearish and below our daily resistance level 1.0837. A Shooting star candle followed by a Hanging man candle.. It's early in the month and I still think we can observe some USD strength. How long it will last im not sure.. It's early in the week and a downtrend on the 1hr timeframe back to Friday's low seems possible. We must observe how price acts around the 1.0844 4hr resistance level. Other Key level's include 1.0825 1hr zone, and 1.0805 4hr zone which is our short term target to begin the week here. We've observed strong jobs data 2 months in a row. March and April releases have both been strong.. this coupled with the fact that CPI is snaticpated to increase from 3.2% to 3.4% this week suggests a healthy consumer spending economy, strong USD. It also suggests more uncertainty regarding inflation because March increased YoY for CPI.. and now April? The fed is going in the opposite direction for it's goals.. Maybe institutions.. it's time to buy the USD safe haven asset of the world? Weekly timeframe Still ranging on the monthly timeframe but it appears the monthly candle is pulling up or is this a liquidity move preceding more USD strength.
Short
by ShrewdCatfx
4
EUR/USD at a critical level, which way will it got?Hello traders, we had over 120 pips last week from out EUR/USD buy at 1.0740 level. However, since then, price has pulled back a little. The situation is a little tricky on the daily chart, as we are seeing some uncertain price action in the 100-day EMA level. So, at the current price levels, I would recommend traders to stay away from placing any new orders. My plan is to buy the dips in EUR/USD if price goes back to the 1.0770 level again. One of the most important things to ensure while trading is to be patient and avoid any sort of FOMO. This will ensure you trade only when the price reaches your preferred levels.
by KaltoireCapital
16
EURUSD Daily scalp setupHere you are a short setup i am waiting for on EURUSD. I expect a small consolidation and drop below main trendline. In 3 hrs from now, i expect an end to the consolidation with the NY session. There, if i the price will be traded below the black line (support zone) and will retest it, i'll open a short position targeting the support zone at 1.08230. It's and 1:7 RR, invalidation will be if the price will not break below the black line in the next 3 hrs.
Short
by SaliJournal
EURUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY EURUSD ! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
7
EUR USD PRICE - NEED TO BALANCE THE LIQUIDITY AT RESISTANCE ZONEHELLO TRADERS have a look of EUR USD price need to BALANCE the LIQUIDITY which is IMBALANCED ZONE in the up ward direction,we can see that at 4h time frame from the past price in the up ward direction all the LIQUIDITY got FILLED, now its time to break the DOWN TREND LINE after that wait for the pullback then 1st target is 1.09134 nd 2nd target is 1.09952 nd 3rd target is 1.10882 , FOLLOW FORE LIVE CONTENTS
Long
by FOREX_TRADER_007