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EURUSD SELL | Idea Trading Analysis#EURUSD moving higher as it tests the strong resistance level. The price has reached the resistance level.. The chart is moving from the upper boundary of the channel. We expect the correction to continue.. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
EURUSD: Bearish Butterfly Pattern Signals ReversalThe EURUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classic reversal structure frequently observed in technical analysis. The Butterfly Pattern suggests that the current bullish momentum may soon exhaust, giving way to a potential bearish trend. Potential Reversal Zone (PRZ): Point D, at the completion of the Butterfly pattern, is identified as a Potential Reversal Zone (PRZ). This zone is critically important for several reasons: Key Resistance Area: The PRZ aligns with a significant resistance level, historically indicating strong selling pressure. 4-Hour Trend Line: The zone coincides with a downward sloping trend line on the 4-hour chart, reinforcing the bearish outlook. 61.8% Fibonacci Retracement: The PRZ is also at the 61.8% Fibonacci retracement level of the preceding move, adding another layer of confluence to our bearish bias. Entry and Risk Management: Given the confluence of technical indicators at the PRZ, we anticipate a trend reversal to bearish from Point D. Our proposed trading strategy is as follows: Entry Point: 1.08865 Stop Loss: 1.09030 The stop loss is strategically placed above the PRZ to protect against potential false breakouts and limit downside risk. Take Profit Levels: To effectively manage our positions and lock in profits, we have set multiple take profit levels: TP-1: 1.08700 TP-2: 1.08535 TP-3: 1.08370 These targets are derived from previous support levels and the harmonic pattern projections. Conclusion: The confluence of the Bearish Butterfly pattern, key resistance, trend line, and Fibonacci level significantly strengthens the bearish case for EURUSD at Point D. By entering the market at 1.08865 with a stop loss at 1.09030, and targeting the specified take profit levels, traders can capitalize on the anticipated bearish reversal while maintaining disciplined risk management.
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by trading_jupiter
EUR/USD Analysis Amid Geopolitical TensionsThe exchange rate between the Euro (EUR) and the US Dollar (USD), known as EUR/USD, is a key player in global finance. Lately, it's not just economic ups and downs that are calling the shots, but also rising political conflicts around the world. One hot spot to watch is Israel, where the potential release of sensitive information could cause ripples across Europe and impact the EUR/USD rate. Geopolitical Tensions and Market Reactions Background Context In response to the Hague Tribunal's demand for war crimes information, Israel has hinted at releasing a highly sensitive and potentially explosive video. This footage, allegedly compiled by the Israeli National Security Agency (NSA) from Hamas body cameras, contains graphic atrocities from the October 7th incident. The content is so disturbing that its release could incite widespread unrest, particularly in Europe, where issues with radical Islamic cells and terrorism are already prevalent. Potential Impact on Europe Europe, with its diverse population including significant Muslim communities, has long been a focal point for discussions on integration, radicalization, and security. The release of such a video could exacerbate existing tensions, potentially leading to civil unrest or even conflict. The implications of such an event would be profound, affecting not only the social fabric of Europe but also its political and economic stability. Europe's Future: Insights from Israel's Video Teasers Israel has chosen not to release the video or any parts of it. However, they have now decided to share limited teasers of the video with European countries to give them an idea of what to expect. The message suggests that there is a religious war on the horizon, and Europe's silence on Islamic matters is seen as a dangerous mistake. It emphasizes that a religious war is inevitable and already underway, and it warns that the consequences will be significant, affecting the geography, politics, and demographics of Europe. Economic Implications For the EUR/USD currency pair, these geopolitical tensions could translate into significant volatility. The euro might face downward pressure due to increased political risk and potential instability within the Eurozone. Investors typically seek safer assets in times of geopolitical uncertainty, which could bolster the U.S. dollar's strength against the euro. Key Factors to Watch ECB Policies and Economic Data Amidst these geopolitical concerns, it is crucial to monitor the European Central Bank's (ECB) policies and economic indicators. Inflation rates, GDP growth, and unemployment figures will continue to play significant roles in determining the euro's value. Any signs of economic slowdown or policy shifts in response to rising geopolitical tensions could further impact the EUR/USD pair. Federal Reserve Decisions On the other side of the Atlantic, the U.S. Federal Reserve's monetary policy decisions remain a critical factor. With the U.S. economy showing resilience, any hawkish signals from the Fed could strengthen the dollar. Conversely, dovish policies or signs of economic weakness could provide some relief to the euro. Safe-Haven Flows During times of increased uncertainty, currencies such as the U.S. dollar and Swiss franc, known as safe-haven currencies, tend to increase in value. Investors may choose to move their investments out of riskier assets, such as the euro, and into the perceived safety of the dollar. This movement to safety could cause a further decrease in the EUR/USD exchange rate. Strategic Considerations Hedging Against Risk For investors and businesses with exposure to the EUR/USD pair, hedging strategies become essential. Options, futures, and other derivative instruments can provide a buffer against unexpected currency fluctuations due to geopolitical events. Diversification Diversifying investments across various currencies and asset classes can help reduce risks. Spreading out investments can provide better protection against geopolitical uncertainties. Monitoring News and Updates Staying informed about geopolitical developments, economic data releases, and central bank announcements is crucial. Real-time news feeds and analysis can help traders and investors make more informed decisions. Conclusion The EUR/USD currency pair is currently facing challenges arising from economic fundamentals and escalating geopolitical tensions. There is a possibility of Israel releasing sensitive footage, which could have significant implications for Europe. This may impact not only the social and political landscape but also economic stability in the region. Therefore, market participants should remain vigilant, use strong risk management strategies, and be prepared for increased volatility in the currency markets.
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by signalmastermind
EURUSD, short to bears accumulation zone 1.0768 - 1.0789Hi friend. Today sunday 08:00 UTC and EURUSD market closed. I analyse 1H timeframe and seen big bulls accumulation zone (green area). Between 1.0810 and 1.0870 market in agressive maner catching bulls and sold to them. But my opinion market do it very active .. and prcie will fall to bears acc area: 1.0768 - 1.0789.📉 Dont forget to support me. And have a nice trading week. 💪 Also remember that forex like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
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by JinFlark
EUR/USD possible short scenario(5/31/2024)We've detected an impulse pattern for EUR/USD. for confirmation, we need to see the price breaks below the correction line(red line). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
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by fortunamarkets
1
EURUSD - SMALL CORRECTION BEFORE THE ROCKET?A closer look at the Euro chart reveals a favorable structure. On a broader scale, the trajectory looks bullish - however, a noticeable accumulation of liquidity is occurring lower after the reversal of the global downward movement. In addition, there was an unfilled zone for the month of FVG. At the local level, after the breakdown, an imbalance zone - FVG - appeared, which increases the chances of a downward movement. Moreover, after the FVG imbalance was filled, a strong reaction began and “OB” was formed, this gives us an understanding of the reaction and confirmation of the idea.
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by truepersonal
Sell EURUSD H4 Channel Breakout & Order BlockThe EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0620 Stop-Loss: To manage risk, place a stop-loss order above 1.0900. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Opportunity Breakdown : 1. Bullish Channel Breakout & Retest 2. Price Reversal @ Fibo - 0.786 Market Factors: Dovish ECB vs Hawkish Fed: The European Central Bank (ECB) is generally expected to maintain a dovish stance on interest rates, while the Federal Reserve might continue raising rates to combat inflation. This interest rate differential could weaken the EUR relative to the USD. Weak Eurozone Data: Recent economic data releases from the Eurozone might have painted a weaker picture of the region's economic health, potentially undermining confidence in the Euro. Thank you.
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by KABHI_TA_TRADING
7
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0819 2nd Support – 1.0805 Stop-Loss: To manage risk, place a stop-loss order above 1.0885 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
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by KABHI_TA_TRADING
19
Potential SELL STOP on EUR/USD from 1.0883I have a potential EUR/USD SHORT trade from 1.0883. 1.0883 is WR1 (weekly resistance 1) pivot and this pivot co-incides with a line of resistance which was last weeks high (Monday 20th May). This morning, 1.0879 has proven too tough to break for EUR/USD BULLS despite several attemps. It's possible we may see EUR/USD decline from these levels though the proximity of the WR1 is usually irresistable and my guess is that we'll see a final push to reach the pivot. This effort may be too much for EUR/USD BULLS and I'd expect to see SELLERS jump in at WR1 and drive the price south. On the D1 time frame we can draw a trendline from the 18th July 2023 high (1.1279) through the March 8th 2024 high at 1.0983 and this line meets the recent high at 1.0898 12 days ago and we are now up against this line. All this means that EUR/USD BULLS have it all to do to head much higher and I'd expect to see a reversal in the 1.0900 to 1.0880 area. If we do indeed readh WR1 and we see the price stall and reverse (as expected) then I'll use the Andean Oscillator to confirm the SELL trade and once I see the lower time frames turn BEARISH then I'll enter SHORT. Although we've been in an uptrend since mid April, the overall structure remains BEARISH. A break of the trendline mentioned above though could be signfiicant as a look at the D1 time frame shows us that we are in a well defined flag/pennant formation and if price breaks out north then we can expect to see EUR/USD head much higher.
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by forextraplaces
👀EURUSD: Multitimeframe update👀The main difference between this post and previous analysis is that we've got some reaction from daily supply chain, and from here, we might see further bearish development ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
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by Yelli_trades
3
EURUSD (Toward 1.08030)EUR/USD: Euro Dips Near $1.08 as Traders Await Fed Minutes Despite the anticipation, analysts foresee no surprises, expecting the familiar "we're data dependent" stance from the US central bank. Fed Chair Jerome Powell has repeatedly emphasized that policymakers are closely monitoring all incoming data and are prepared to reduce interest rates if signs indicate the economy is at risk of derailing, potentially impacting businesses and consumers. Technically: The price reached the price we mentioned in the previous idea, it was the upper of the channel. Now, the price will continue the bearish trend toward 1.08030 and then should break that to get 1.0770 and 1.07070 stability above 1.0883 means will start a new bullish trend toward 1.0992, Previous Idea: Pivot Price: 1.0853 Resistance Levels: 1.0992, 1.1045, 1.1075 Support Levels: 1.0803, 1.0768, 1.0707 The price is expected to oscillate between the support at 1.08030 and the resistance at 1.0883.
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by SroshMayi
EURUSD Short- London Session - 1:6 RR Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price currently within HVA Price traded above the 15mins buyside zone EU open where I'm looking to be a seller H1 and H4 is currently within a bearish cycle with a clear target at the LOR (1.08356) Potential RR is a 1:6 adjusted to a static RR.
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by Pips4Breakfastx
6
EUR/USD - Bearish Harmonic Pattern DetectedThe EUR/USD pair is currently forming a Bearish Harmonic Pattern (XABCD) on the 4-hour chart. This technical formation suggests a potential reversal zone (PRZ) at Point D, which is crucial for identifying a shift in market sentiment. Point D is further supported by a key support area and a 4-hour trend line, adding to the confluence for a bearish trend reversal. Entry and Stop Loss: For this trade setup, we recommend entering a short position at 1.08680. The stop loss is strategically placed at 1.08795 to mitigate risk and protect against unexpected market fluctuations. Take Profit Levels: We have identified three take-profit levels based on key support levels and historical price actions. These targets are designed to optimize returns while managing risk effectively: TP-1: 1.08570 TP-2: 1.08455 TP-3: 1.08345 Technical Indicators and Confluence: Bearish Harmonic Pattern (XABCD): The formation of this pattern is a strong indicator of a potential bearish reversal. Potential Reversal Zone (PRZ): Point D aligns with a key support area, enhancing the likelihood of a reversal. 4-Hour Trend Line: The trend line provides additional support, reinforcing the bearish bias. Conclusion The confluence of the Bearish Harmonic Pattern, key support area, and 4-hour trend line strengthens our expectation of a bearish trend reversal at Point D. Traders should consider entering at 1.08680, with a stop loss at 1.08795, and aim for the identified take profit levels to maximize potential gains.
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by trading_jupiter
EURUSD - decision point soon--------------EURUSD SHORT-------------- Although this course looks more like a bullish trend, there is a slight chance to turn down soon. As of now the chance is 50%. After it reaches the decision point we will clearly see the reaction. It can go straight through this zone and continue climbing higher but I still think a reversal is likely, from my point of view I would go for short from the zone. We will see. This is not a financial advice, do your own research and analysis!
Short
by Szuperpotyka
1