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Eurusdprediction

The Great Wall of 1.0805 Daily Level 🐼Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of New York session we will observe some sort of dead cat bounce after the freefall drop from the prior week. Target for a retracemnet is 1.08279 4hr zone. Retracements are a healthy part of a trending market but we don't have to bounce necessarily. We may very well just cntinue to drop towards our next siginifcant level and clear a 40 pips range down to Weekly Support level 1.0768. Intro and monthly timeframe 0:0 Weekly timeframe 2:13 3:52 daily timframe 6:29 4hr timeframe 7:49 1hr timeframe
by ShrewdCatfx
EurUsd - 1.000 Pip DropHello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: EurUsd has been trading in a pretty obvious descending channel for over a decade and is currently retesting the top resistance of the channel. Furthermore there is a horizontal structure level around the $1.09 level which is also acting as resistance. I am expecting more bearish pressure on EurUsd to eventually retest the lower support of the channel pattern. -------- 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
1
EUR/USD Shorts from 1.09000 back downMy bias aligns closely with GU this week, focusing on selling from a comparable supply level evident on both charts. On EU, this manifests as the 4hr level around 1.09000, where I intend to sell. I'll await the current price to pull back into these zones to address the imbalance and form a redistribution pattern. Similarly to GU, there's a minor 4hr supply below that I anticipate will fail due to the presence of the Asian high above it. Once this fails and reaches the major supply, I'll be more inclined to sell from there as it offers a premium price. Confluences for EU Sells are as follows: - Price broke structure the downside and left a clean 4hr supply zone. - Imbalances that needs to b filled before tapping into the supply. - Lots of liquidity below in the form of asian lows. - Price is overall bearish on the higher time frame. - I can see the dollar to rising more to the upside. P.S. I observe the current price reacting to the existing demand. If this reaction fails, price might respond bullishly to the demand just below, potentially initiating an upward move towards the supply levels above. Have a great trading week guys!
Short
by Hassan_fx
2
EURUSD BIG SELL (411 PIPS) READ THE DISCRIPTIONThe analysis for EUR/USD (Euro paired with US Dollar) suggests a major sell zone, indicating a strong bearish sentiment in the market. The currency pair has broken below the previous historical support level, signaling a significant shift in market dynamics. The main area of newly fresh resistance is identified between 1.08430 to 1.08700, indicating a level where selling pressure has emerged and may continue to hold back further price advances. To further reinforce the bearish outlook, data from big players and investors is considered. In the last month, a total of 531,000 short positions were recorded, while in the last two weeks, an additional 254,000 short positions were added. Furthermore, in the past two days alone, 15,000 new short positions were initiated. This data suggests a notable increase in short positions, with the percentage of shorts rising from 12% to 20% in the last month. Such a substantial increase in short positions indicates a strong bearish trend, especially considering it broke all previous monthly support levels. The trading strategy incorporates setting two target prices to capture potential profits. The first target price is set to secure gains if the market follows through with a downward movement. If the market reaches this target and continues to decline, traders aim to close the trade for profit. However, if the market rebounds after reaching the first target, the second target price should be used to exit the trade to mitigate potential losses. The expected gain from this trade is 411 pips, representing a 3.4% profit potential. This indicates a significant downward movement in EUR/USD, and traders aim to capitalize on this potential while managing risk effectively. In summary, the analysis points towards a strong bearish sentiment in EUR/USD, with a major sell zone identified. By considering big player and investor data, setting clear target prices, and managing risk, traders aim to seize the opportunity presented by the bearish trend in the currency pair.
Short
by MOAZAM1133
EURUSD's Performance Over the Next 30 Days + Bonus Trade IdeaI received a lot of DMs concerning people missed the initial trade idea on the daily (Ill link it to related ideas) and wanted to capitalize on the next leg downwards, so I collected all your requests and added them together in a new trade on the 4HR. Price is heavily fractal on EURUSD and in an organized structure when it comes to the daily...A bearish trend has started on the 4HR indicating that the corrective up moves on the daily has ended. To your luck folks' price is still above (or on) equilibrium price, meaning the opportunity to enter a trade is still there, and the window is open. Thank you
Short
by mahdikheirddine
EURUSD: The EUR continues to fall as the ECB can cut interest raThe euro is possibly to keep to conflict towards the greenback as weaker financial boom and quicker deflation withinside the European Union ought to pressure the European Central Bank to reduce hobby charges aggressively than the Federal Reserve. EUR/USD fell 0.52% to $1.0862. “We keep to count on EUR/USD to decline,” Morgan Stanley stated in a latest note, highlighting numerous elements in order to widen the differential among US and EU hobby charges, such as Deflation is quicker withinside the EU and financial boom is slower. Morgan Stanley forecasts that the slowdown in European inflation will "arise quicker and at a decrease preliminary charge than US inflation", paving the manner for the ECB to "sign a quicker tempo of cuts than presently expected." now". Expectations for an ECB hobby charge reduce as quickly as June had been boosted on Wednesday, following the Swiss National Bank`s marvel pass to decrease its benchmark hobby charge. Swaps are actually pricing in a ninety% risk the ECB will reduce hobby charges in June, up from round 80% on Wednesday, with four, or ninety foundation points, cuts now priced in. Meanwhile, the energy of US boom in comparison to the EU may also inspire the Fed now no longer to reduce hobby charges as little as in preceding cycles, Morgan Stanley stated. But different principal banks, such as the ECB, won't have that luxury, paving the manner for the USD "to hold a differential benefit over the EUR", MS added. Meanwhile, slower boom out of doors the United States and ongoing geopolitical dangers also are possibly to help a more potent greenback, "particularly because the US election approaches", Morgan stated. Stanley stated.
Short
by Chart_MasterPro
EUR/USD Analysis Summary:Price & Pattern: EUR/USD at 1.08397. 4H chart shows double top rejection, followed by resistance breakout—bearish indication. Technical Implications: Pattern suggests potential bearish reversal, favoring sellers. Demand Zone: Approaching demand zone, but bearish bias persists. FOMC Impact: Pending FOMC news could strengthen USD (DXY index)—further downside pressure on EUR/USD likely. Anticipated Movement: Downside risk prevails, especially post-FOMC, aiming for bearish targets. If you like my idea please boost comment and follow for more informative ideas thanks for support
by Alexview009