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Eurusdshort

Bearish Continuation on EURUSD Towards 1.0700EURUSD has recently encountered resistance at two critical supply levels – the previous monthly low and the low from two weeks prior. This rejection suggests a bearish sentiment, setting the stage for a potential bearish continuation. Our analysis, based on our framework, indicates selling opportunities in the EURUSD pair. Technical Analysis: The rejection at key levels and the subsequent failure to breach resistance points toward a potential bearish movement in EURUSD. The recent price action aligns with our 1-2-3 price action framework, signaling a selling opportunity. Discounted DXY Levels: The US Dollar Index (DXY) has experienced a pullback to a key level, providing a favorable discount area to plan the EURUSD trade. This alignment with DXY's movement enhances the bearish case for EURUSD. DXY Target and EURUSD Projection: Our previous DXY update highlighted a bullish stance, reaching a 1:1 target before pulling back to a key level. If DXY holds these levels, we anticipate a continuation towards its target. This scenario could drive EURUSD lower, aiming for the 1.07300-1.0700 range. Trade Plan: Monitoring the market dynamics, we are prepared to initiate a bearish continuation trade on EURUSD if the conditions align. As always, our approach remains adaptable, and we will let the market guide our decision-making process.
Short
by elevated-fx
EURUSD to continue in the downward move?EURUSD - 24h expiry The medium term bias remains bearish. Buying pressure from 1.0695 resulted in all the initial daily selloffs being recaptured. Buying posted in Asia. There is scope for mild buying at the open but gains should be limited. Expect trading to remain mixed and volatile. We look to Sell at 1.0755 (stop at 1.0780) Our profit targets will be 1.0780 and 1.0765 Resistance: 1.0755 / 1.0764 / 1.0795 Support: 1.0700 / 1.0695 / 1.0650 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURUSD 4H : Try to drop EURUSD New forecast Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744. Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains. The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744. Additionally ,Today News will affect on the market . resistance line : 1.0892 , 1.0928 support line : 1.0808 , 1.0744 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
19
Sell EURUSD H4 Channel BreakoutEUR/USD Poised for Potential Downtrend as Bullish Channel Breaches Lower Boundary. The EUR/USD pair might be heading south, exhibiting a bearish signal on its H4 chart. A recent breakdown through the lower border of a bullish channel pattern suggests waning upward momentum and a potential shift in trend. Key Points: Bullish Channel Breakout: The price had been confined within an ascending channel, characterized by rising support and resistance lines. However, a recent break below the lower support at 1.0900 indicates a potential shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.0900, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.0700 and 1.0585, marking the previous bottoms within the channel. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken channel at 1.0950 EUR/USD News and Events to Watch Next Week (January 29 - February 2): Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): This is the biggest event of the week. A hawkish Fed stance with another large rate hike (75bps or more) and strong economic projections could significantly strengthen the USD against the EUR. Conversely, dovish hints or smaller rate increases could favor the EUR. US Non-Farm Payrolls (Feb 2): Strong jobs growth could indicate a resilient US economy and support the USD. Conversely, weaker data could dampen hawkish sentiment and benefit the EUR. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Short
by KABHI_TA_TRADING
13
Sellers are Ready for EURUSDPure technical analysis. EURUSD appears to have completed the 4th leg of Elliott Waves and is approaching previous support at 1.07464. There is still 1 leg of the Elliott Wave left to be fulfilled (leg E) which is predicted to be a pullback to the 0.618 Fibonacci zone, where there is equal high liquidity to be taken and then EURUSD will start a new wave (12345). For entry, wait for a pullback to the 1.01000 - 1.10485 zone and wait for signs of reversal (engulfing candles or double/triple top in the smaller time frame). Ride the bearish waves to the strong support zone at 1.06110, an area that was previously also a flip zone. Stop loss at level 1.11135 or slightly higher to avoid fakeout (stop loss hunting/purge). Cancel the setup if the price rises to 1.11135 with high volume.
Short
by adittiaduilocca84
EURUSD - IN ANTICIPATION OF A POSITIVE PCE REPORT (TARGET 1.081)The upcoming release of the Core PCE Price Index, a key inflation metric closely monitored by the Fed, is scheduled for 13:30 GMT. Despite not anticipating major surprises due to its inclusion in the recent GDP report, investors will closely examine this data along with December's Personal Spending and Personal Income figures for deeper economic insights. While positive outcomes in spending and income could bolster the USD, disappointing results might signal weakening consumption, potentially impacting the USD's immediate performance. The previous retail sales data was extremely bullish. Retail Sales and Personal Consumption Expenditures (PCE) often show a positive correlation, both reflecting consumer spending trends. While Retail Sales focus on goods, PCE covers a broader range including services. Both indicators are influenced by similar economic factors like employment rates and consumer confidence, making them crucial for understanding economic health. However, their scope differs, with PCE providing a more comprehensive view of total consumer spending. Traders should monitor these metrics for insights into consumer behaviour and overall economic conditions. Based on these macro assumptions I'll explore the bullish outcome for the dollar: What is on the chart? (Follow the steps) 1) We have our first accumulation structure which was followed by a breakout and also a market structure shift. This accumulation was fuelled by a 4H FVG. 2) When paired with the Ichimoku Kinko Hyo indicator you'll notice more downside confirmations such as a break of both the daily Kijun and Tenkan, a Tenkan/Kijun crossover and a Kumo twist. Thirdly the weekly Tenkan was broken and retested. These are all major signals. 3) We're currently still range bound with the daily 0.786 level as support that was perfectly respected. This level is strengthened by the daily Kumo. 4) I am relying on the 4 Hour order block as the final resistance before the potential positive PCE data release which would be final blow. Price should continue its downfall towards sellside liquidity. Here are some extra charts to strengthen the bias: As usual, happy trading and have great day!! :)
Short
by Lexi_Is_Trading
2
EURUSD M15 / Short Trade Idea / Waiting for Confirmation ✅Hello Traders! This is my idea related to EURUSD M15. I expect a retracement from the resistance level. Today we have important news on EURUSD, let's see what impact it will have on the EU move. As a target point, I take into consideration the BOSS which I expect will be taken. 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