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Eurusdsignals

EURUSD ANALYSIS UPDATE 21/NOV/2023Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This means there's a very high chance that the price will retest that level as resistance and continue downwards.
by Francisbluepipsfx
EURUSD Overbought 1D RSI after 4months. Strong 1year sell signalThe EURUSD pair is about to hit the 1.10000 target that we placed on our trading call (see chart below) earlier this month (Nov 06), and it might be a good idea to secure the majority of longs with at least an SL above 1.0900: The target will complete a +5.48% rise from the bottom, which is the typical length of the standard rallies that the pair has given us inside the whole year 2023. With the price however hitting the 0.618 Fibonacci retracement level while the 1D RSI turned overbought above 70.00 for the first time in 4 months (July 18 last time), the selling pressure should start pilling up for the pair. The last 3 times the 1D RSI was overbought within the past 12 months, the price broke under the selling pressure and declined at least by -2.37%, hitting (and once approaching) the 1D MA50 (blue trend-line). As a result, this is starting to fulfil most criteria for a starting sell entry. Despite the presence of Support 1 (1.08250) and the 1D MA200 (orange trend-line), we will aim for that -2.37% minimum (projected) decline and target 1.07650. ------------------------------------------------------------------------------- ** 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 Pull-back expected. Take advantage of it.The EURUSD pair followed the exact path that we pointed out on our last analysis (see chart below) as it gave a buy opportunity after a pull-back on the 1D MA50 and rebounded aggressively following yesterday's lower than expected U.S. CPI: A new pattern has emerged since, a Bullish Megaphone, with the price hitting yesterday's its top (Higher Highs trend-line). We expect a technical pull-back and rebound either on the 0.382 Fibonacci retracement level or upon a -1.38% decline. Pay attention also on the 4H RSI Higher Lows Zone for a potential bottom. Our target is slightly lower now at 1.09750, which represents a +2.20% rise from the bottom, similar to the other two within the Bullish Megaphone. ------------------------------------------------------------------------------- ** 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
1
EURUSD 4H : Support further decline EURUSD New forecast The euro/dollar pair rose during the day to reach support at the 1.0700 level, showing some slight upward bias, waiting to encourage the price to resume negative trading and test the 1.0661 level initially, remembering that breaking this level will push the price to achieve negative targets starting at 1.0632 and extending to 1.0612. . Therefore, the downward trend will remain effective, keeping in mind that breaching 1.0718 will lead the price to achieve additional gains before any new attempt to decline. The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661. Additionally ,Today News will affect the market . resistance line : 1.0700 , 1.0718 support line : 1.0686 , 1.0661 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
2
EURUSD Bullish break-out above 1D MA50. Buy the pull-back.The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30): The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it eyes Resistance 2 next (1.09455). The 1D CCI is on Higher Highs and this is consistent with the mid-rally consolidation on both of the previous rebound legs of the 2023 Megaphone pattern. In fact, every time the pair closed a 1D candle above the 1D MA50, it later pulled back on it to test it as a Support and resumed the rally. The eventual peaks have completed at least a +5.47% rise. As a result, we are looking for a pull-back in order to buy again and target 1.1000 (less than +5.47% rise from the bottom). ------------------------------------------------------------------------------- ** 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
2
EURUSD New bullish wave incoming. 1st 4H Golden Cross in 4monthsThe EURUSD pair hit both of our targets on the latest bullish signal (see chart below) we gave on October 16, as it completed a technical Higher High on October's Channel Up: The price is now staging the new bullish leg as it established the new Higher Low on the Channel Up. Even though the recent Higher High was rejected on the 1D MA50 (red trend-line), which is a bearish sign long-term, the emerging 4H Golden Cross (first since June 19), has the strength to invalidate that rejection. As a result, a closing above the 4H MA200 (orange trend-line) will be a buy break-out entry for us, targeting 1.07125 (+1.85% rise from the bottom) and 1.07375 (Resistance 2) in extension. Note that as with every Channel Up bottom so far, the 4H MACD formed a Bullish Cross. ------------------------------------------------------------------------------- ** 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
4
EURUSD Analysis. Signal for next week.Hello everyone. i want share my idea about EURUSD. After big bearish movement we see some consolidation but there is not any sing for trend change. Price action is easy to identify where it will go, i think the trend will continue and the reason is price falling and dollar index bullish movements which is strong with also fundamentally. Here is my setup for this trade. Open Position - 1.059 Stop Loss - 1.069 Take Profit - 1.03 Always Make your own research!!! Manage risk!!!
Short
by elmakacho
4
EURUSD MACD Bullish Cross is about to reverse the bearish trend!The EURUSD pair is on the verge of a medium-term trend shift from bearish to bullish as: 1) Not only did it form the 1st MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross on the 4H time-frame since July 12 2) But also is about to complete the 3rd rising Bullish Cross on the 4H MACD. Those two can give shape to a Channel Up pattern that will target the two main Resistance levels, the 4H MA200 (orange trend-line) at 1.06350 and the 1D MA50 (red trend-line) at 1.06850. Target 1 is neatly placed just under Resistance 1 while Target 2 near the top (Higher Highs trend-line) of the emerging Channel Up. ------------------------------------------------------------------------------- ** 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
2
EURUSD Still bearish but buy above the Channel Down.The EURUSD pair is emphatically breaking above the 4H MA100 (green trend-line) with the only time it has done so since this July Channel Down started being on August 30. The signal to sell has always been a 4H MACD Bearish Cross, so this is what we will wait for in order to lower the risk. If successful, we will target 1.0400 (-2.33% decline as the previous bearish legs). If however the price crosses above the Channel Down first and the 4H MA200 (orange trend-line) we will buy the break-out and target the 1D MA50 (red trend-line) at 1.0785. ------------------------------------------------------------------------------- ** 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
3
EurUsd at crossroadsSince the recent top from mid-July, EurUsd dropped 800 pips, counting from top to bottom. Recently, the pair found support shy under 1.05 and today, we are already in the 5th consecutive green day. Looking at the chart we can see that the pair is at a crossroads at this moment and anything could happen. On one hand, the trend is still bearish and under important confluence resistance given by the falling trend line and the horizontal resistance from 1.0630 On the other hand, a break above this level should lead to a deeper correction towards 1.08 The best approach is to wait and see for either a break up, or a reversal candle from this level.
by Mihai_Iacob
18
EURUSD Don't trust this short-term rebound for a second.The EURUSD had a 2-day rise that almost touched the 4H MA50 (blue trend-line). This is the counter trend rebound towards the top (Lower Highs trend-line) of the 2 month Channel Down. The 4H MA50 hasn't been broken since September 20 but even if it does, we are far from turning bullish. As long as it remains below the 4H MA100 (green trend-line), it is a sell opportunity, targeting 1.03500 (bottom of Channel Down, above both the standard -2.34% decline and 2.0 Fibonacci extension). Only a closing above the 4H MA200 (orange trend-line) can justify a bullish break-out (medium-term). The 4H RSI is forming the same kind of pattern it did on the last 4H MA100 rejection. ------------------------------------------------------------------------------- ** 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 Short-term Buy Signal at the bottom of the Channel.The EURUSD pair is extending the bearish trend firmly within the borders of the 2-month Channel Down hitting in the process last week's target: As you see, it failed to break above the 4H MA100 (green trend-line) so we didn't pursue Target 2. We are in a similar situation now, with the price again at the bottom of the Channel Down, while the 4H RSI is about to hit the oversold territory (sub 30.00). We take it again as a buy opportunity, targeting the 4H MA50 (blue trend-line) at 1.06300. As before, if the price breaks above the 4H MA100, we will re-buy and target 1.07200 (+1.44% rise). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
11
EURUSD Buy signals but follow the break-outs.The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower Highs trend-line, similar to August's decline. Beyond that, we will take a 2nd buy only if the price breaks above the 4H MA100 (green trend-line), in which case, we will target the top of the Channel Down and the 4H MA200 (orange trend-line) at 1.08000 (+1.65% bullish extension). Note that the 4H MACD is close to completing a Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
8
EURUSD On the 1W MA50 after 8 red weeks. Strong rebound ahead?The EURUSD pair got last week the closest to the 1W MA50 (blue trend-line) it has been since the January 02 2023 1W candle, practically the start of the year. The 1W MA50 has been the long-term Support of the bullish trend since the pair broke above it on the week of December 05 2022. Testing it after that long can provide a technical rebound, especially considering the fact that last week the trend completed eight (8) straight red 1W candles. To put things into a more detailed context, the price action of the past 12 months is similar to the one that preceded the March 29 2021 1W MA50 test. Both lasted on a similar date range (50 weeks/ 350 days and 54 weeks/ 378 days respectively) from the bottom to the 1W MA50 test and the 1W RSI on both dropped from 70.00 to 42.50. The 2021 rebound marginally broke the 0.786 Fibonacci retracement level before getting rejected on a Lower Highs trend-line to the 2021 - 2022 Bear Cycle. As a result, it is worth attempting a medium-term buy, as long as the 1W candle closes above the 1W MA50 and target the 0.786 Fibonacci level, which on this occasion is at 1.11500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
EurUsd could resume its down moveOn 8 September I wrote that a relief rally could be next for EurUsd and this should be considered an opportunity for traders to sell rallies around resistance and join the downtrend at better prices. Indeed the pair rose and reversed exactly from under 1.0780 resistance. The recent rise is corrective in nature and formed a flag pattern and we could see a new leg down. I remain bearish under 1.08 and my target is the 1.0550 zone with interim support at the recent low.
Short
by Mihai_Iacob
21
EURUSD hit the bottom of the Channel Down.The EURUSD pair hit yesterday the bottom (Lower Lows trend-line) of the Channel Down that started after the July 27 High. As the 4H MACD is about to form a Bullish Cross, this emerges technically as a buy opportunity on the short-term. Our target is 1.0850, just below the top (Lower Highs trend-line) of the Channel Down, marginally below a projected +1.42% price range, which was the lowest so far rebound within this pattern. The 4H MA200 (orange trend-line) is the short-term Resistance while the 1W MA50 (red trend-line) the long-term Support, where closing below restores the bearish trend for more months to come. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EurUsd could drop to 1.05 zoneIn my previous EurUsd analysis I wrote that the break of the one-year rising trend line could signal further losses for the pair and traders should keep an eye on the 1.09 zone, suggesting selling above this figure. EurUsd reversed perfectly from resistance leaving a long-tailed continuation Pin Bar on our chart suggesting bears are very strong. Going further, I expect further weakness for the pair and I'm looking for a drop to important 1.05 very important zone support in the medium term. The strategy should be sell rallies and only a daily close above the recent high would negate this bearish scenario.
Short
by Mihai_Iacob
13