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.
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EUR/USD ENTRIESIm still leaning towards USD weakness, so therefore I am predominately looking for long entries, I am going to wait for the London open before making a decision, if price continues to reject from the 108.700 area then I would consider a buy from the current area, however if it drifts up to the middle of structure then I would wait for the break above structure and a 1h / 4h close above the blue line.
Sells could be on the cards with a sold break below structure and a retest of the blue line and a lower low close on the 15 min
EURUSD is ready to go shortThe price movements from 1.0980 are viewed as a corrective pattern for the preceding uptrend. While further upward movement cannot be ruled out, the rally appears to be capped by the break of the 1.0920 level, signaling a potential sell-off towards the target at 1.0768.
Therefore, we are opening a short position to target the mentioned objective as the next goal.
Yemi_Fx1 | SELL OPPORTUNITY ON EURUSD The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:EURUSD is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
Bearish Symphony: EUR/USD Dances to the Melody of Downward TrendGood morning, this is Joe Malone from Districtfx. Currently, we're observing bearish price action for the EUR/USD pair. The charts indicate a bearish sentiment around the 1.08900 level. We anticipate a retracement to that level, presenting a selling opportunity to the downside. Upon retracement, we'll explore a potential selling opportunity, targeting the low of the London session at 1.08680 and another take profit level at 1.08550. It's crucial to manage risk effectively for future trading opportunities. Stay warm on the East Coast, and have a great weekend!
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EURUSD Day Analysis | Sell SetupHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURUSD
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Update: EURUSD short 4h c.3 Trade 1 Short Playbook 4H C.3
Trade Idea 2
1. Price Has hit my area of value. I currently see no downward momentum. The fundamental news are also bullish.
CPI: Positive
2. I will wait for a confirmation liquidity model to present on a lower time frame before placing a short trade.
3. If that happens I will place my trade with a decent size stop loss.
4. If price fully mitigates this resistance zone then I will change my bias to long
Trade Idea 1:
Entry Price: 1.08842
Exit Take Profit: 1.08162 or 68 Pips
Stop Loss: 1.09242 or 40 Pips
EURUSD sell/short EURUSD looks like a short fall from here after breaking trend on the channel trade in these last few days. It does seem to be in a continuous downtrend pattern and does not seem like it will be stopping anytime soon. I suggest a short from 1.08679 all the way down to 1.05703 for a long term profit close. Please take proper risk management upon entering the trade.
EURUSD Seasonal & Technical Analysis: In this comprehensive video analysis, we delve into the technical indicators and historical patterns of the EURUSD currency pair, aiming to provide valuable insights for traders and investors. Our analysis strongly suggests the continuation of bearish momentum for EURUSD.
Starting with the weekly and daily time frames, we identify prominent head and shoulder patterns that are indicative of a potential downturn in the market. These patterns often serve as reliable signals for trend reversals, and their presence across multiple time frames enhances their significance.
Furthermore, our analysis extends to the seasonal aspect, where a decade-long examination reveals a compelling trend. Over the past 10 years, a remarkable 80% of the time between January 17th and March 1st has seen bearish movements in the EURUSD. This historical trend strengthens the argument for a continued bearish trajectory in the upcoming weeks.
Whether you're a seasoned trader or someone looking to understand the dynamics of the currency markets, this video analysis provides a comprehensive overview of the technical factors and historical trends supporting the belief that EURUSD is poised for a sustained bearish phase. Stay informed and make well-informed decisions by tuning in to this in-depth analysis.
EURUSD SELL SETUPFX:EURUSD
A break below 1.08940 Daily support has simultaneously broken bullish structure on the 1h, 4h and daily timeframes changing my bias to a bearish bias. a retest back to the 1.08940 area as daily resistance and a 4h bearish engulfing candlestick is enough confluence/confirmation to short EURUSD.
Outlook for EUR/USD: Davos Insights and Fed Speeches Outlook for EUR/USD: Davos Insights and Fed Speeches
Several ECB officials are expressing opposition to rate cuts, potentially helping to curb losses in the EUR/USD, which is currently testing the 61.8% Fibonacci level after a more than 0.7% drop.
Davos has prompted ECB officials to share their views on the Euro Area's prospects and their positions on the likelihood of interest rate cuts in 2024.
ECB Board Member Gediminas Šimkus, also Chairman of the Lithuanian Central Bank, suggests holding off on a central bank move, but sees the possibility of a cut in the summer. Similarly, ECB Board Member Madis Müller, the Governor of the Central Bank of Estonia, believes expectations for a rate cut are ahead of the current data reality.
However, the future direction of EUR/USD remains uncertain, as Fed officials are pushing back against interest rate hikes too, and their influence in the markets may be more significant.
Federal Reserve member Christopher Waller, whose November comments raised expectations of Fed rate cuts, today (not at Davos) expressed a more cautious outlook on the pace of rate cuts ("I see no reason to move as quickly or cut as rapidly as in the past").
Monitoring other Fed members' addresses this week will be crucial:
Wednesday, Jan 17
09:00: Fed's Bowman Speech
09:00: Fed's Barr Speech
15:00: Fed's Williams Speech
Thursday, Jan 18
07:30: Fed's Bostic Speech
Friday, Jan 19
16:15: Fed's Daly Speech
EUR/USD Analysis: Targeting a breakout to the downside? EUR/USD Analysis: Targeting a breakout to the downside?
The EUR/USD currency pair seems poised for a technical breakout.
Analysing the 8-hour chart reveals a consolidation phase since the start of the year, following a decline below 1.1000, with this mark acting as a resistance level on two occasions since then.
Currently, EUR/USD is resembling a triangle/flag pattern, suggesting a potential technical breakout. The looming question is: Which direction will the pair break out? There are arguments to be made for both sides of the equation, but perhaps the case for a break to the downside is more convincing?
Traders are pricing in an ~80% probability of a Fed rate cut in March. Simultaneously, an European Central Bank (ECB) rate cut for April is also on the horizon.
While both central banks might fail to meet these expectations, the likelihood that the Fed pushes back might be lower than that of the ECB.
According to Governing Council member Robert Holzmann, speaking at the World Economic in Davos, the prospect of ECB rate cuts in 2024 appears highly unlikely. At the same time, he emphasized the persistent threat of geopolitical conflicts, such as those in the Middle East, which pose a risk to Euro supply chains and energy markets. This ongoing uncertainty could exert pressure on consumer prices, creating a challenging environment that might interfere with any potential rate cuts from the ECB.