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Eurusdprediction

EurUsd- Change of medium term trend?Two days ago, in a short-term analysis of FX:EURUSD , I mentioned that the 1.0790-1.0800 zone is pivotal for a potential reversal in the currency pair. The pair did break above that level and is currently consolidating above it. Now, I find myself wondering whether this marks a reversal in the medium-term trend or simply a correction from the year's selloff. Upon examining the weekly chart, the technicals suggest a potential longer-term reversal. As we are aware, the 1.0730 zone served as a support level. Upon piercing it twice, the pair reversed direction on each occasion, notably marked by pin bars. Additionally, the current reversal bears a striking resemblance to the reversal observed around 1.05 back in October. In conclusion, from a longer-term perspective, there appears to be a significant likelihood of a reversal for EUR/USD, with a target around 1.1, but perhaps more likely at 1.12.
Long
by Mihai_Iacob
1
SHORT EUR/USD 1.0794In the last hour we've seen EUR/USD break the neckline of a standard M-Top candle formation. M-Tops and W-Bottoms are highlu reliable structures and although they can be used in isolation its always better to see if they form at areas or lines of resistance or support. In this case we have RSI decling as well as MACD and yesterday pricehit WR1 pivot elevel which frequently will have SELLERS jumping into the market. I'm a big believer in Pivot levels as these can be marked on your charts at the start of the week so you are forewarned that the price MAY do something if WR1 and WS1 are hit. Pivot Point SuperTrend which I use has confimed this SHORT bias and the Andean Oscillator red SELL line is rising. All in all this looka s olid SELL signal although the key 100 and 200 EMA moving averages are below the price but far enough away to get a healthy plus STOP should price make it down there. STOP for this trade is 1.0819 which is the recent high and target is open but provisionally 1.0774 which is the 200 EMA.
Short
by forextraplaces
EURUSD Technical Analysis & Trade IdeaThe EURUSD exhibits a bearish bias on higher timeframes. The weekly chart reveals a clear break of market structure to the downside followed by a retracement. Drilling down to the daily timeframe, the retracement has taken out previous buy stops, further supporting a short bias. A short entry at the current level appears viable, with a stop-loss placed above the recent high and targeting previous lows. This setup presents an intraday or swing trade opportunity. Important Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Before initiating any trades, conduct your own comprehensive research and apply appropriate risk management strategies.
Short
by fxtraderanthony
EURUSD H4 channel continuous or breakout ?A chart of the EUR/USD currency pair on a 4-hour timeframe. The chart displays a bearish channel pattern. Bearish channel: The price has been trading within a downward-sloping channel for some time, characterized by a resistance line at the top and a support line at the bottom. The price is currently trading at Top of channel pattern, if Breaks the Upside then it start Bullish Sign. However, it is still early to say whether this is a genuine breakout or a false signal. Overall, the chart suggests a potential breakout from a bearish channel, which could be a bullish signal for the EUR/USD pair. Thank you.
Long
by KABHI_TA_TRADING
21
Trading Through Turbulence: EUR/USD Strategies Amid U.S. Fiscal The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets. The anticipation of a "hard landing" for the U.S. economy further complicates the landscape, warranting a strategic approach to trading the EUR/USD pair. 1. U.S. Interest Rate Outlook: Federal Reserve Bank of Atlanta President Raphael Bostic's recent statements highlight a significant resistance to cutting interest rates in the near term. The robustness of the U.S. labor market and the economy, coupled with inflation not convincingly on track to meet the 2% target, suggests that the dollar might remain strong. Bostic's remarks underscore the uncertainty surrounding inflation, indicating that the Fed is not yet convinced that inflationary pressures are sufficiently under control to warrant a change in monetary policy. This stance is crucial for EUR/USD traders, as interest rate expectations are a primary driver of currency movements. The Fed's cautious approach may bolster the dollar, creating resistance against EUR gains. 2. Market Reactions and Treasury Movements: The reaction to Bostic’s comments was immediate, with Treasuries falling and holding their decline, reflecting market adjustments to the expectations of continued strong U.S. monetary policy. Conversely, Jupiter Asset Management's move to increase its Treasury holdings to a record suggests a hedging strategy against a potential economic downturn. For EUR/USD traders, these dynamics indicate a flight to safety and potential volatility, with a strong dollar scenario possibly prevailing in the short term. 3. Equity Market Inflows and Implications for the Dollar: Significant inflows into global equity funds, especially following substantial sell-offs in U.S. stocks by Japanese and Chinese funds, hint at a complex investment landscape. The S&P 500 and Nasdaq futures' rise indicates investor optimism or speculative positioning, potentially impacting the dollar by influencing risk sentiment. For the EUR/USD, this could mean short-term bullish signals for the dollar, especially if equity market strength translates into confidence in the U.S. economy. 4. Inflation Concerns and Labor Market Strength: The anticipated high CPI and potential for a similarly high Producer Price Index (PPI) could extinguish hopes for an interest rate cut, further strengthening the dollar. The persistent strength of the U.S. labor market suggests that inflation may not be easily tamed, reinforcing the Fed's cautious stance on rate cuts. For EUR/USD traders, this means monitoring U.S. economic indicators closely, as signs of sustained inflation or labor market overheating could prompt adjustments in trading strategies, favoring the dollar. The EUR/USD trading environment is marked by uncertainty, with a robust U.S. economy and unresolved inflation concerns suggesting a cautious approach. Traders should remain vigilant, adapting strategies to navigate potential volatility and the implications of U.S. monetary policy on currency movements.
Short
by Wiiso
2
EurUsd could rise to 1.09Since the beginning of the year, FX:EURUSD has been in a downtrend, with the single currency dropping more than 400 pips in the past two months. However, after a false break below the horizontal support last week, the pair quickly reversed course and is now once again approaching the important 1.08 zone resistance. Taking into account the false break and yesterday's swift reversal from the well-established support at 1.0733, I anticipate an upward breakout with a target at the 1.09 zone resistance. In conclusion, my preferred strategy is to buy dips, with negation under 1.07.
Long
by Mihai_Iacob
3
EurUsd - Long Term ChannelHello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after the break towards the downside turned resistance so everything is pointing towards a next move lower. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
by basictradingtv
8
EURUSD M15 / Short Trade Alert ✅Hello Traders! This is my idea related to EURUSD M15. As the Market structure, H4 is bearish, and the trend did not set a new High, I expect a continuation of a bearish market and at the moment, I see an opportunity to execute from this price a short trade with the target below the low. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
EUR/USD Imminent Shorts towards 1.06800My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions. I acknowledge the presence of considerable imbalances above, which could prompt price to rise and potentially reach the supply zone in scenario (C). However, my overall expectation for EUR/USD is a downward movement towards 1.06800. Confluences for EU Shorts are as follows: - Price left a clean 3hr supply zone which price is currently re distributing inside. - Price has been moving bearish regarding the recent break of structure to the downside. - DXY is also been moving bullish so it backs the EU downtrend. - Lots of liquidity to the downside like trendline Asian lows and swing lows. - The overall trend of this market like the monthly still shows its a bearish trend. P.S. I'm currently leaning towards a pro-trend stance with this idea, primarily because of the recent downward breaks in structure. Additionally, there are few demand zones in proximity to the current price, suggesting that price may decline to sweep that liquidity. HAPPY TRADING AND REMEMBER ITS USD BANK HOLIDAY MONDAY!
Short
by Hassan_fx
3
EURUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! 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
17