EURUSDIn the 1-hour timeframe of EUR/USD, a bullish sentiment is evident with a breakout from a falling wedge pattern, complemented by an ascending channel formation and an ABC pattern. This confluence of signals suggests potential upward momentum, making it an opportune time to consider long positions for traders seeking bullish opportunities.
Eurusdprediction
EURUSD 6E LongToday EU had a fairly strong daily close. Also, DXY rejected from some key daily levels.
My Daily DOL is Monday's high.
We also saw SMT divergence at the lows (EU failing to make lower lows while DXY made higher highs).
I want to see the H1 discount bullish arrays respected, to then look for a bullish displacement entry trigger on M5/M15.
💡 EURUSD: Forecast March 4EURUSD recovered strongly after approaching the 1.08 resistance threshold, a triangle-shaped accumulation area is forming, you need to pay attention to this model, if it breaks above, it will be a signal of consolidation. Check for previous bullish signals. Currently we still have long positions, with a stop loss below 1.08, you continue to hold these positions, the target is 1.09 and 1.1 respectively.
EURUSD Analysis for a Positional Trade with amazing Reward
We have a Fresh Weekly Demand and a Fresh Weekly Supply areas formed,
Now Price has just reacted to the Weekly Demand and post a Confirmation in lower timeframes in the Upward direction(In the direction of the Trend), we will buy with a defined risk.
We see that the previous High is violated and a potential 4H Demand has formed, now there are two possibilities either this 4H Demand will take the price till its Weekly Supply in the opposite or this 4H Demand will be violated. Lets check the Reward to Risk ratio of this 4H Demand, as per the statistic anything above 3:1 is a good opportunity and any FII wouldnt miss such Trades.
Here is the Trade with a Reward : Risk ratio of just a little more than 6:1.
Thank You and ENjoy the Ride ! ! !
EURUSD: The Euro edged higher ahead of the eurozone CPIIn Europe, EUR/USD traded 0.1% higher at 1.0813, ahead of the release of eurozone CPI figures for February, which are expected to show another reflation in the region .
Data released on Thursday showed consumer prices fell slower than expected in France but faster than expected in Germany. Economists are expecting annual growth of 2.5% in February, down from 2.8% in January.
ING added: “A deviation from expectations could cause short-term fluctuations in eurozone and eurozone rates, but would not really have a major impact on the story told by Christine Lagarde and the Council The governor will repeat it next week.”
The European Central Bank meets next week and while no policy changes are expected, the bank could hint at an interest rate cut later this year.
EURUSD next weekFX:EURUSD : on the daily chart we have a Market Structure Shift (MSS). we can clearly distinguish the beginning of a retracement which will come to an end in two scenarios. the first scenario is the blank one that the market will try to hit the lower liquidity by beating the gap. the second scenario will instead bounce on the first lower gap attracted by the strong upper liquidity. in my opinion, everything depends on the strength of the dollar, I suggest monitoring the DXY for a probable entry into the market
EURUSDT - change trend. Large Wyckoff reversal model.Large Wyckoff reversal model.
- Price is trying to break the trend line
- Price is forming a triangle
- The price made a false break of the lower boundary of the sidewall
- 12-month timeframe shows fractal reversal with three bars
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EURUSD M15 / Possible Short Trade after taking Asian High ✅ Hello Traders!
This is my idea related to EURUSD. I expect today a bearish move and I'm looking for a short entry taking into consideration the Bullish sentiment of DXY.
- Wait for confirmation.
- Apply risk management.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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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.
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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 🤗
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Major Events in Euro Area and US on Friday Major Events in Euro Area and US on Friday
Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar.
Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after a rush of local economic data from the Euro Area. The European Central Bank (ECB) is grappling with the challenge of bringing core inflation down from 3% to 2%.
While the market previously anticipated rate cuts to begin in April, the ECB, emphasizing data reliance, has prompted market adjustments, pushing the expected first rate cut to June.
In the US, the focus this week is on the PCE data. The day before, we do get Q4 GDP second estimate. But unless it is adjusted significantly, this will likely not have an impact.
Anticipating comparable rate cut trajectories in both economies, the dollar could potentially make up recent losses against the euro, particularly if January's PCE data exceeds estimates, thanks to its superior interest rate differential.
Thursday witnessed a surge that touched the 50-day simple moving average (SMA) before a subsequent retreat. Looking at the short term, technical indicators on the 4-hour chart hint at a potential upward bias. EUR/USD is presently trading above all its moving averages, and the 20 SMA appears poised to surpass the mildly bearish 200 SMA.
EUR/USD - Sell Zone !Hey there!
I'm selling on EUR/USD:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
The CPI figures aren't so good for the € compared to the $, which is in great shape!
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Questions? Leave a comment!
Pre Market EUR/USD analysis for Sunday February 25thPre Market EUR/USD analysis for Sunday February 25th.
After the EUR/USD run up last week, I'm looking to see if we find resistance around the trend-line area for a potential down move towards 1.06000.
If buyers come in, I'd ideally like to see the EUR/USD trading back above the yearly pivot level (1.0900).
Trade safe and manage risk.
EURUSD - Sell scenario ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we have the same scenario as on GOLD, we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block.
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EUR/USD Longs from 1.07800 back up to 2hr supply or above.This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone.
During this process, I expect price action to slow down after consuming a significant amount of liquidity, signalling a potential Wyckoff accumulation phase. It's worth noting the presence of an Asian low beneath the demand, which warrants caution. However, I want to emphasize that this is a counter-trend notion, and my overall sentiment for EU remains bearish.
Confluences for EU Buys are as follows:
- Price broke structure to the upside and left a clean 10hr demand zone.
- Still some imbalance that still hasn't been filled as well above my demand POI.
- Market also broke major structure to the upside could indicate a bullish trend.
- there's some liquidity above the recent high that needs to be taken as well.
- Triple touch trendline liquidity that needs to be swept.
- for price to go down it must mitigate a supply higher up like that 12hr.
P.S. Ideally, I'm looking for another rally to trigger price action to clear out the significant pool of liquidity located just below the 12-hour demand zone at the top of the chart. However, I anticipate price to establish a new supply once it descends to take out the trendline. This would allow me to wait for a mid-week pullback to sell down towards the demand.
Have a great trading week and lets catch these PIPS!
EURUSD SELL THEN BUY ??Head and shoulder on keylevel + rejection on supply zone + break of trendline
the market is likely going to drop DXY also wants to go up after the drop it is possible that the price will go up again if we see a reaction on the highlighted zone on a higher time frame the martket formed a double bottom and broke neckline if the bearish scenario occurs the drop will turn the double bottom into an inverse hs which can push eur usd up
alot of economic events coming next week trade safe !!
EURUSD Early next week [BUY]Price should continue following the upward trend.
It does have certain characteristics of a pull but it has yet to exhaust the upward momentum, in fact it’s in its last legs.
This trade, if taken, has an RR of 3.72.
NOTE : This is not financial advice, please do your own research.