Get started

Eurusdsell

EURUSD → Drop to 1.05? or Blast to 1.10? Lets Make it Clear.EURUSD is pushing toward the resistance zone which gives the bulls some tingly senses to take profit and run the price back to the downside. Will the Dollar show strength this week and keep EURUSD from breaking resistance? How do we trade this? The price is currently in a trading range between 1.05000 and 1.10000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.05000. The RSI is near 70.00, a weak indicator on its own, but supports the rest of the analysis for a soon-to-come short. If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.12500. Key Takeaways 1. Trading Range after Bull Run, Bias to Long. 2. Near the Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. The Dollar Index may fall more, wait for the bottom. 5. RSI near 70.00, Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering
2
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. 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
14
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. 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
5
EURUSD short term Shorts to 1.06400This week I will be covering my sell setup idea towards an area of demand to end up buying with the trend. However due to DXY shift in trend, I will be looking for buys for EURUSD later on. Currently as of now price is inside an area of a 4hr supply zone so im expecting price to react off it to cause a retracement back down. Scenario (A) - Is for imminent sells to the downside as im currently waiting for price to complete the distribution via a clean CHOCH to the downside, it will hopefully then give us a clean order block for us to enter from. However, if this Supply gets violated (which is possible due to the strong bullish entry in the zone), I will then see that price will want to sweep the liquidity above and tap into the daily supply POI above. This will be ideal as price is at a much premium rate. Scenario (B) - Is that price will breach the zone we are currently in to take out the liquidity above, once it does that I will be looking for sell oppurtunities around the daily supply zone to target the 1.06400 mark in order to continue the bullish trend upwards. So currently we will be selling down to the demand so we can eventually trade with the trend. My confluences for EURUSD shorts are as follows: - Overall trend on the HTF (weekly/monthly) is bearish. - Price tapped in to a 4hr supply zone and there is a daily supply just above. - Momentum is slowing down expecting price to distribute and choch to the downside. - Imbalances were left below due to NFP news so im expecting it to get filled via a pullback. - For price to continue in its recent bullish trend im expecting price to come back to those demand levels anyways. P.S. Even though price is bearish overall, It has chnaged charcter and broken structure on the 4 hourly. Short term I am bullish and I will be looking for potential buys, but for now im selling down to eventually buy at a discounted price.
Short
by Hassan_fx
3
Eurusd Sell Analysis For Today EUR/USD made a sharp U-turn in the American session on Wednesday and closed modestly higher after falling toward 1.0500 earlier in the day. The pair preserved its recovery momentum and advanced to the 1.0600 area in the early European session on Thursday. The US Dollar came under heavy selling pressure late Wednesday as the Federal Reserve (Fed) failed to convince markets that they could still opt for one more rate increase in December. The Fed left the policy rate unchanged at 5.25%-5.5% as anticipated and the policy statement read that policymakers will take a range of economic factors into account when determining the extent of possible additional policy firming. In the post-meeting press conference, Chairman Jerome Powell refrained from confirming a no change in the policy rate this year but acknowledged that rising bond yields were causing financial conditions to tighten.
Short
by FxAlena
EURUSD continues to be bearish On Wednesday, EUR/USD fell back after failing to break through the channel resistance below 1.0600, ending a two-day streak of gains. The U.S. dollar's overall strength, driven by a sharp rise in U.S. bond yields, also exacerbated the EUR/USD fallback. U.S. dollar yields rose across the board, with the 10-year U.S. Treasury yield soaring above 4.90%, the highest level since 2007. The resilience of the U.S. economy has provided support for the steady strengthening of U.S. bond yields, while geopolitical conflicts in the Middle East are intensifying. The euro is likely to maintain a bearish bias against the dollar in the near term and may refresh its 2023 lows. From a technical point of view, if the EUR/USD price accelerates its decline in the future, the exchange rate may stabilize above the trend line support of 1.0500 and ease the downward pressure. However, if it falls below this support, the exchange rate may accelerate towards the 2023 low of 1.0448. . If there is further decline, bears may push the pair towards the key support level of 1.0350. On the contrary, if the market sentiment turns to support the bulls and the euro price rebounds, the upper resistance level looks towards 1.0600-1.0625 In the short term, I recommend continuing to be bearish. If you need more analysis, please join me.
Short
by Krause_Philipp
EUR/USD Short Trading OpportunityEUR/USD Short Trading Opportunity 1. The price closed below the Trend Magic Indicator line. 2. US Dollar Index DXY uptrend continues. 3. Vortex indicates downtrend signal. 4. Retail trader data shows 62% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line or Vortex indicator change trend signal TP - 1.0455 Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
EURUSD END-WEEK ANALYSIS-UPDATE 24/09/2023EUR/USD Analysis: Riding the Forex Waves Amidst Dollar Strength As forecasted, EUR/USD witnessed a recovery following three consecutive days of decline, aligning with our previous insights. However, this forex journey is marked by ever-evolving dynamics. With the US dollar poised to regain strength, I'm now focusing on anticipating another potential downside move. But there's a critical condition: this projection depends on the dollar maintaining its price above 105.864. Join me as we navigate the intricacies of this dynamic market, and stay tuned for the next chapter in the EUR/USD story! 📉📈 #EURUSDAnalysis #MarketOutlook #TradingView
Short
by Dion-FX