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Eurusdsignals

EURUSD Going for a Higher High rejection. Time the sell.The EURUSD pair has been trading within a Channel Up pattern and as we mentioned on our previous idea (July 08, see chart below), is aiming for a Higher High target at 1.09500: Since last week, the price is getting closer to our Target and the top of the 3-month Channel Up. Based on the pattern's symmetry and the proportions between the Bullish/ Bearish Legs, once we reach 1.09500 we will reverse to a sell, targeting 1.07250 (bottom of Channel Up). Technically, once the 4H RSI forms Higher Lows, the new bottom is formed. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD Turning bullish short-term.The EURUSD pair closed last week above the 1W MA50 (blue trend-line) for the first time since May 27 and this week is already using it as a Support to sustain further uptrend. Technically this could be the 2nd phase of the Bullish Leg of the (blue) Channel Up that started on the week of June 24. On the long-term, the pair has been trading within a fierce Triangle consolidation for exactly 1 year. The technical Support level has been the Support Zone that started back in January 2023 and the Resistance level, is the 1W MA200 (orange trend-line) / 1M MA50 cluster. Back to the Triangle's and Channel Up dynamics, last week's 1W MACD Bullish Cross formation and the bullish break-out of the 1W RSI above its Lower Highs trend-line, support being bullish on the short-term. We will take a more modest/ cautious approach and will 'only' target 1.09500 (which is the crossroads of the Channel Up Higher Highs and Triangle Lower Highs trend-lines). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD Is it a sell after the French far-right election win?Highly important fundamentals yesterday for EUR as the first round of elections in France ended with a significant win of the far-right wing party. Even though that's not economic news, the election results of the 2nd biggest E.U. economy, certainly have the weight to affect the largest forex pair in the world. Mainstream economists have historically shown their preference when more stable, center parties are in governance, and certainly would like to avoid the instability that comes with a far-right party and its policies. That alone is a big factor that would call for (at least) a short-term sell on this pair. That fundamental approach happens this time to come in complete agreement with the technical one. The pair is still forming the new Bearish Leg of the 6-month Channel Down and as we explained on our June 04 analysis (see chart below), our conservative Target is still 1.06040: On top of that, today's High hit the 1D MA50 (blue trend-line) for the first time in more than 2 weeks. As you can see, the symmetry between the Channel's 3 Bearish Legs (including the current one) is high and it appears that the pair has fulfilled the +1.12% counter-trend bounce that has happened on all Legs after an initial -2.30% decline. The previous one went as high as +1.50% (April 09), so there is still some small room for rejection. Technically the new Lower Low can be as low as 1.0500 (-4.00%) but it is advisable to always book profits when the 1D RSI touches the 30.00 oversold barrier. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURUSD Moment of truth for the long-term.The EURUSD pair has started the week on a very positive note as it is already on +0.40% gains. The underlying pattern remains a Channel Down since since the December 25 2023 High and we have been on its latest Bearish Leg since the June 03 Lower High. The important dynamic recently has been the fact that the pair held and closed above the 1W MA100 (green trend-line) on both last 2 weeks. This is a key Support level as the pair hasn't closed a 1W candle below it since October 23 2023. As a result, today's rise has two reasons to be a technical retrace within a longer term bearish pattern. The price action f the past 2 years has shown that only when the 1W RSI closes above its MA (yellow trend-line), do we have very strong probabilities of sustaining a bullish trend. It is therefore easy to understand that as the 1W RSI has come only a few points away from its MA, this week becomes crucial for the EURUSD pair. Until it breaks it, we will stay bearish, targeting 1.06040 (Support level and previous Lower Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD on a counter-trend rebound but still bearish long-term.The EURUSD pair isn't diverging from our original plan (June 04 idea, see chart below) and is extending the new Bearish Leg of the 6-month Channel Down: Today it tested the 4H MA50 (blue trend-line) of a counter-trend rebound, which has take place during both previous Bearish Legs. The 1st time was +1.12% and the 2nd +1.50% that even broke above the 4H MA200 (orange trend-line). Having formed the new 4H Bearish Cross last Friday (first since March 28), this rise is the final sell opportunity (technically) before a new Lower Low. Our Target remains more modest at 1.06040 (Support and previous Lower Low) but we will take profit earlier if the 1D RSI hits 30.00 first. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURUSD The new Bearish Leg has started.On our last analysis EURUSD analysis (June 04, see chart below) we mentioned that it was a do-or-die moment for a rejection as it had marginally broken above the top (Lower Highs trend-line) of the 5-month Channel Down: As you can see the price did close all subsequent candles below the top and inside the pattern, hence confirming the rejection bias and that the downtrend was still intact. The last two strong bearish days, suggest that the new Bearish Leg has started, especially since yesterday's 1D candle closed below the 1D MA50 (red trend-line) for the first time in a month (since May 10). Our Target remains 1.06040 (Support 1), which is still a 'good case scenario' for the bearish event as it is above the % drop of the weakest Bearish Leg, the one right before the current (at -3.45%). Ideally, we expect to see the 4H MA200 (orange trend-line) being the Resistance throughout the whole Leg. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
EURUSD Bullish break-out or Bearish rejection?The EURUSD pair cemented a strong rebound yesterday as it broke above the May 16 High, after it held the 1D MA50 (blue trend-line) as Support. This took yesterday's 1D candle exactly at the top (Lower Highs trend-line) of the December 28 2023 Channel Down. This is the last chance for the pair to resume the pattern's downtrend, if today's 1D candle closes inside the Channel Down, which will constitute a Lower Highs rejection. In that case, we will require a closing below the 1D MA50 as well in order to confirm the downtrend. The 1.0640 Support will be the Target. If however the candle closes above the Channel Down, it will be a confirmed bullish break-out and in our opinion there will be high probabilities of imitating the July 2023 rally. That rise peaked exactly on the 1.382 Fibonacci extension level, so on that occasion, that will be our Target (1.1125), which conveniently falls just below the 1.11400 Resistance. Notice also how similar the 1D RSI sequences are between the two fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD Channel Down looking for a Lower Low.The EURUSD pair gave us last week (May 17, see chart below), the ideal Lower High sell entry, as the price got rejected exactly where we wanted it to at the top of the 5-month Channel Down: We now view this price action from the 1D time-frame where the 1D MACD is about to form a Bearish Cross. Every time in the past 6 months this was formed above the 0.00 level, it was a confirmation that the pair would go after at least a -2.35% decline. This is perfectly aligned with Target 2 (1.06550) on Support 2. Target 1 (1.07300) is just above Support 1, both of which are estimated in accordance to the March Bearish Leg, which also hit its Support 1 and 2 before a rebound. It has to be noted also that while Target 2 represents a -2.35% decline, it would also make contact with the 1W MA100 (red trend-line), which is practically our long-term Support, having held and caused rebounds both on the April 16 2024 Low and before that on the November 10 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD Perfect level to sell on the Lower HighThe EURUSD pair hit the top (Lower Highs trend-line) of the 5-month Channel Down and got immediately rejected. This pull-back is most likely the start of the new Bearish Leg on its way for a Lower Low at the bottom of the pattern. Technically, we are on almost perfect symmetry with the previous Leg, which formed a Lower High after a 4H Golden Cross. When the 4H MACD completed a Bearish Cross on the 0.00240 level (which is where we are now), the sell signal was confirmed. As a result, we most likely have the most optimal sell confirmation right now. Target 1 is just above Support 1 at 1.07300 and Target 2 just above Support 2 at 1.06550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD 1st 4H GoldenCross since February! Breakout or rejection?The EURUSD pair completed on Friday its first Golden Cross on the 4H time-frame since February 29. Technically that is a bullish pattern but we are only willing to treat it as a buy opportunity if the pair closes a 4H candle above the Lower Highs trend-line). If it does, we will most likely have a bullish break-out like March 06 towards the 0.618 Fibonacci retracement level or the top of the Channel Down. This is at least what the symmetrical Bullish Leg of the Channel Down did following the Feb 29 4H Golden Cross and topped on March 08. In that case our Target will be 1.08350 (Fib 0.618). Until that 4H candle closing, we will be selling the Lower Highs rejection, targeting 1.06550 (just above Support 1), which is what happened on March 22. Notice that the 4H RSI pattern is more similar currently to March 13. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD Channel Top and Fib Resistance. Time to turn bearish.The EURUSD pair gave us an excellent pull-back buy entry last week (April 30, see chart below) and has almost reached our 1.08300 Target, which was the 0.618 Fibonacci retracement level: We now turn bearish as not only is the price near the 0.618 Fib but also hit on Friday and gor rejected on the 1D MA50 (blue trend-line)/ 1D MA200 (orange trend-line) cluster. Above all, we are near the top (Lower Highs trend-line) of the 2024 Channel Down. The last Lower Low was priced just above the 1.236 Fib extension, which on the current Leg happens to be exactly on the 1.05175 Support. As a result our new Target for the medium-term is 1.05350 (just above the 1.236 Fib ext). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURUSD Short-term Bull Flag targeting top of Channel Down.EURUSD held the 4H MA50 (blue trend-line) as Support both today and on Friday and is rebounding. This is a short-term Bull Flag within the 4-month Channel Down pattern that is targeting its top (Lower Highs trend-line). As per the previous Bullish Leg of the Channel, we are targeting the 0.618 Fibonacci retracement level at 1.08300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD above the 4H MA50 after 2 weeks.The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below): The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which resulted into one final drop on the bottom (Lower Lows trend-line) of the long-term Channel Down. We expect a strong medium-term rebound after the price hits 1.05500 and our Target will be 1.0800, which is marginally below the 0.618 Fibonacci retracement level, the mark that priced the March 08 (Lower) High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURUSD One last dump before the pump?The EURUSD pair is approaching the 1.05500 Target that we called on April 02 (see chart below), which is at the bottom of the 4-month Channel Down: That will form the new Lower Low of the pattern, completing a -4.00% decline from the Lower High, which is 100% symmetrical with the previous Low. The structure of the Legs is very symmetrical so after the Low we expect the pair to turn bullish on the medium-term again. Our Target will be 1.0800 (just below the 0.618 Fibonacci retracement level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EurUsd- 1.05 is a strong possibilityOn Tuesday, April 9th, I posted that rallies in the 1.09 zone, which represents the resistance of the falling trend line for FX:EURUSD , should be sold with a target at the 1.07 zone support level. The following day, CPI figures came in hotter than expected, triggering the anticipated drop. Now, with the pair at the support level, what can we anticipate next? Upon examining the chart, it's evident that the euro has shown weakness throughout the year, with rallies being consistently sold off. Additionally, this marks the third test of this support in 2024, and since December's high, the pattern is a descending triangle (and if we trace back from November, we could even speculate a head and shoulders pattern). Considering these factors collectively, I anticipate a break below 1.07 with a target at the 1.05 support level. Furthermore, if we consider the measured target for both the triangle and head and shoulders patterns, we might even see a drop to 1.02 in the medium term. Any rallies approaching the 1.08 mark should be viewed as selling opportunities in pursuit of a favorable risk-to-reward ratio.
Short
by Mihai_Iacob
1
EurUsd is approaching important resistanceSince the start of the year, the price action of FX:EURUSD has been clearly confined within a descending triangle, with a base formed at 1.07. Recently, the pair reversed once again from this crucial level and, at the time of writing, is trading at 1.0856, close to the descending trend line of the triangle. A rise towards the 1.09 resistance level could provide bears with a favorable entry point for a new drop towards support. However, the negation of this scenario occurs if the price closes towards 1.1 on a daily basis.
Short
by Mihai_Iacob
4
EURUSD on crossroads. Bullish or Bearish?The EURUSD pair hit our 1.07250 Target of our March 27 analysis (see chart below) before the current 1-week rebound: Right now it is giving mixed signals as the latest rebound made the 1D RSI break and stay above its MA trend-line, which is a pattern it following on the February - March Bullish Leg. At the same time though, the 2024 Channel Down is intact but if the RSI break-out prevails, we expect a new (dotted) Channel Up to emerge. Obviously the pair is on critical crossroads as far as the long-term trend is concerned. Our plan is to buy on the next 1D MA50 (blue trend-line) pull-back and target 1.09815 (Resistance 1). We are only willing to take the loss if the price breaks below the Symmetrical Support Zone, and sell targeting 1.05500 (-4.00% decline from the previous Lower High, similar to the Channel's first Bearish Leg. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot