#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair is forming a falling wedge pattern on the daily chart, which typically signals a potential bullish reversal. The price is currently consolidating within the wedge, and a breakout above the resistance line would indicate a shift in momentum to the upside, offering a strong buy opportunity.
Technical Outlook:
Pattern: Falling Wedge
Forecast: Buy ( More Buy Opportunity upon Resistance Breakout)
Entry Strategy: Enter a buy position after the price breaks above the wedge's resistance line and confirms the breakout with bullish price action, such as a strong close above the resistance or a retest of the breakout level.
Traders should monitor supporting indicators like RSI for oversold conditions or MACD for a bullish crossover. Risk management is essential, with stop-loss orders placed below recent lows and profit targets set at key resistance levels above the wedge.
Eurusdtrade
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
In recent weeks, the EUR/USD pair has been in a downward trend and is currently trading below a significant resistance zone.
As long as the price remains below this resistance, the bearish movement is expected to continue. However, if the price breaks above the identified resistance zone, this analysis will be invalidated, and a potential trend reversal may occur.
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EUR/USD Shorts from 1.05600 back downThis week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside.
Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts.
Confluences for EUR/USD Sells:
- Liquidity Below: Significant downside liquidity remains untapped.
- Bearish Momentum: The pair has been bearish for the past two weeks.
- Break of Structure: Key levels have broken to the downside on the higher timeframe.
- DXY Correlation: The dollar index (DXY) supports this bearish setup.
- Key Supply Zone: The 4-hour supply zone caused the initial bearish move.
Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts.
Stay disciplined and have a strong trading week—let’s close Q4 on a high note!
EURUSD - HEADING NORTH ON RECOVERYTeam, last 2-3 days, we have been successfully doing well on the EURUSD, long position
Yesterday was a roller-coaster day; we got 3 times rewards. all target hit
Today, we are entry-long at
Time to go long Eurusd at 1.04700-30 - STOP LOSS at 104385
Target 1 - 1.04800-30
Target 2 - 1.04950-65
Target 3 - 1.05115-45
Once it hits the first target, take some partial and bring stop loss to BE
Note: There will be a sideways effect for EURUSD before it goes up! Three times it has been fast up and down. When I enter the office, I will draw a chart of what we expect from them.
EURUSD Top-down analysis Hello 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.
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone.
Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart.
The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase.
The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level.
With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
EURUSD Long#EURUSD (1 day)
Euro/Dollar formed the "Reversal Head shoulder " pattern, we will consider Long when breaking through resistance and consolidating above it, target 1.0800! Cancel and break below 1.0400
The author's opinion may not coincide with yours! Remember this and take this into account in your trading transactions before making a trading decision.
Your reactions are your support for my work
EURUSD BUY PositionThe EURUSD has formed a pattern, and based on that, along with the support marked by the yellow line, a price reversal in three stages is expected up to 1.10850. Good Luck
Based on the previous analysis of GBPUSD published in earlier posts, these two currency pairs are directly correlated, meaning the rise of one leads to the rise of the other.
EURUSD: 423+ PiPs Selling Opportunity, one not to miss! Dear Traders
We have a possible selling opportunity on EU, this comes after a strong bearish wicks on daily timeframe. This shows a strong bearish presence in the market. That is why we think there would be a reason for this to have it occurred. And that reason must be a strong sell side correction which will be crucial for big buys/swings bullish move to happen.
EurUsd could correct higher (1.0670 target)The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330.
However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction.
Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone.
As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
EURUSD - Short active !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price filled the imbalance and rejected from bearish OB.
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EURUSD Raid On Liquidity? Contemplating the Next Move!👀👉 EURUSD remains in a strong downtrend, evident on the daily and 4-hour charts. Currently, we’re seeing an aggressive pullback on the 4-hour timeframe. I’m eyeing a short entry but holding off early in the week—waiting to see how price develops from the London session into the New York open. In this video, we break down market structure, price action, and blend Wyckoff & ICT concepts in an easy-to-understand way. 🚨 Not financial advice. 📉✅
EURUSD Analysis TodayHello 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.
EURUSD Will be in bearish direction after Breaking SupportHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts