EURUSD: 01/08/2023: Strong buy and sell zones!
Well, as you can see the price move down, and now this is in the demand zone that may push the price up for collecting the liquidity above equal high. (Scenario 2)
The best zone for buying is Dayli Demand Zone that you can see on the chart, we can expect the price to move down, and after collecting the liquidity under the previous low, enter to demand zone, then we can search for a trigger.
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🗓️01/08/2023
🔎 DYOR
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Eurusdsignal
EurUsd could rebound from trend lineIn the past two weeks, after reaching a high at 1.1250, EurUsd had a bad run and dropped 300 pips.
However, the trend is not altered yet, with the pair above the recent trend line.
A rebound from this support could be next and considering the fact that DXY is near resistance and it could drop from there, this outlook becomes pretty likely.
In conclusion, dips under 1.1 could be bought for a test of recent resistance.
EURUSD Analysis 30July2023This pair is in a strong support area for closing last week. Where the price is stuck by trendline as support and trying to penetrate SR Flip. If the price goes down again the closest target is SND below. Meanwhile, if the price responds positively to trendline, then the price is likely to be bullish again with the QM area as a target
DeGRAM | EURUSD trend continuation opportunityEURUSD tested the support level at 1.10500 and the 50% fibo level.
The market printed the engulfing candle, which could be confirmation of the trend's continuation.
On the lower timeframe, the price showed a change of character, indicating a possible trend change.
We expect the trend to continue.
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EURUSD and GBPUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | EURUSD major support levelEURUSD is pulling back to the demand level, where price made a momentum move.
Price is near the confluence level: global dynamic support and the 50% fibo level on the 4 hourly chart.
The market is bullish on the daily chart; therefore, we anticipate a bullish move from the confluence level because price is pulling back against the major trend.
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EURUSD Analysis 23July2023analysis a few days ago has reached the target. if you see a dominating bearish candle, chances are that next week the bearish trend will continue. there is an area that attracts attention, where the SR Flip intersects with the SnD area and also the 0.382 fibo note, chances are the price will fall in that direction.
DeGRAM | EURUSD pullback tradeEURUSD rebounded from the resistance level.
The market is pulling back to the confluence level: psychological level 1.11000 and fibo level 38.2%.
We expect a double bottom formation or false break at support to confirm the buy opportunity.
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DeGRAM | EURUSD structure based tradeEURUSD made AB=CD pattern, and it reached the major resistance.
The market made an extension up, followed by a pullback. Recently, we had an extension CD that may lead to another pullback.
We can see rejection candles signaling a potential bearish move.
We expect a bearish move and a retest of the support and 38.2% fibo level.
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Staying Vigilant: EUR/USD Potential Momentum ShiftsExpert analysts from Commerzbank, Scotiabank, and ING share insights on the EUR/USD pair. As the market anticipates an ECB rate hike, caution is advised. The Euro's trajectory might pause, making it crucial to stay vigilant. Scotiabank suggests a potential bearish trend, while ING warns of room for correction in the overvalued EUR/USD. Economic concerns in the Eurozone add to market uncertainty, emphasizing the need for informed trading decisions.
The EUR/USD pair has been experiencing a bearish trend in recent days, as indicated by multiple technical indicators and fundamental analysis. Price action has shown a break below the key support level at 1.1200, suggesting a potential continuation of the downtrend.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/USD
CURRENT TREND: Bearish
TRADE SIGNAL: Sell Signal
👉ENTRY PRICE: Approximately 1.1200
✅TAKE PROFIT: Around 1.1125
❌STOP LOSS: Above 1.1250
DeGRAM | EURUSD long idea from confluence levelEURUSD rebounded from the support level. Price potentialy can create a AB=CD pattern where D point completes right at the 1.13000 level.
The market is trading in the ascending channel, and it's still consolidating.
Price created fibonacci 61.8% level and a support level at the border of the channel.
We expect a double bottom formation or false break at support to confirm that bears have run out of steam.
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DeGRAM | EURUSD market decelerationEURUSD is decelerating at resistance levels, meaning candles are getting smaller, the strength of the bullish move is decreasing.
We have the channel border and the resistance level.
As you can see, the resistance was rejected. We expect a retracement.
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DeGRAM | EURUSD retracement expectedEURUSD is approaching the major psychological level at 1.13000 by completing the AB=CD pattern.
The market is near the fibonacci extension levels and channel border.
We had 6 consecutive bullish days, and we should see some retracement because the market can't go up in a straight line.
We expect a bearish move; all confluences tell us that price could make a pullback.
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EurUsd is trying for a new local highAs I've written last week, EurUsd will probably break above 1.1 resistance.
CPI data brought us the fuel for the break and now the pair is trading at 1.1233, near the local high.
The price is consolidating these gains at this moment and a new high could follow this consolidation.
In my opinion, we will not have a retest of the 1.11 support, this being too obvious and too many are waiting to buy this support.
With this in mind, dips under 1.12 should be bought, and the target for the next leg up could be 1.1350
DeGRAM | EURUSD short term correctionEURUSD is decelerating while approaching the resistance level.
If price action prints a double top, the market might retrace from this level. On the 4-hourly timeframe, the market is in overbought territory.
We anticipate a short-term bearish move; all confluences indicate that the price may pullback. It is going to be a structure-based trade.
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