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Short on EUR/USD – 30-Minute Timeframe We’re taking a short position on EUR/USD on the 30-minute timeframe, driven by the strength of the U.S. dollar. The recent price action indicates a continuation of the downtrend, providing an opportunity to capitalize on the bearish momentum. Key Levels: • Entry: Initiated after confirming the strong dollar trend and the break of key support levels on the chart. • Target: Aiming for lower support zones as indicated on the chart, where price may find temporary relief or consolidation. • Stop-Loss: Placed above the recent high to manage risk and protect against a potential reversal. Rationale: The U.S. dollar continues to show strength, applying pressure on the euro. This trade is aligned with the broader market trend, which favors further downside for the EUR/USD pair. The technical setup, supported by the prevailing macroeconomic factors, suggests that the downtrend is likely to persist in the near term. Risk Management: To manage risk effectively, the stop-loss is set above the recent high, ensuring that potential losses are limited while allowing for the possibility of continued downward movement. Monitor the trade closely and adjust as needed based on market developments. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Short
by AR33_
1
EURUSD / UNDER DOWNWARD PRESSURE - 4HEURUSD / 4H TIME FRAME HELLO TRADERS in the last chart fit full target . The overall trend remains downward as long as trading stays below the turning level of 1.108. Currently, prices are below this level, suggesting a potential decline towards the first support level at 1.103. If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 1.099 . For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 1.113, and potentially further to 1.119 . KEY LEVELS : Turning Level : 1.108 Resistance Levels : 1.113 , 1.119 Support Levels : 1.103 , 1.099
Short
by ArinaKarayi
EUR/USD Short – 30-Minute Timeframe: Capitalizing on Strong USD We’re taking a short position on EUR/USD on the 30-minute timeframe, driven by the recent release of the U.S. Core PCE data, which came out neutral at 0.2%. This data supports the narrative of a strong U.S. dollar, contributing to further downside potential for the euro, which is already trending downward. Key Levels: • Entry: Positioned after the release of the Core PCE data, where the euro showed weakness against the dollar, confirming our short bias. • Target: Aiming for lower levels near the key support zones as indicated on the chart. These areas align with the expected continuation of the bearish trend. • Stop-Loss: Placed above the recent high to protect against any potential retracement or unexpected bullish movement in the euro. Market Context: The neutral Core PCE data at 0.2% keeps the dollar strong, as it supports the Federal Reserve’s stance on maintaining higher interest rates for longer. This macroeconomic backdrop, combined with the technical downtrend in the euro, presents a favorable setup for short positions in the EUR/USD pair. Rationale: The euro is under pressure as the U.S. dollar gains strength from the neutral Core PCE data. The market is likely to see further downside, especially as traders digest the implications of sustained high interest rates in the U.S. This trade aims to capitalize on the momentum in favor of the dollar, with a focus on key technical levels that may act as targets for the bearish move. Risk Management: To manage risk, we are implementing a stop-loss above the recent highs and will monitor the trade closely as it approaches key support levels. The risk-to-reward ratio is favorable, given the strong market sentiment against the euro. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Short
by AR33_
1
EURUSD Will be in bearish direction after Breaking ChannelHello 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
Long
by ForexMasters2000
EURUSD Technical Analysis and Trade Idea👀 👉 The EURUSD currency pair is currently displaying signs of price extension as it approaches a key support level. This technical setup suggests the possibility of a corrective move. Our strategy is focused on identifying trading opportunities, particularly if upcoming data releases affecting the EUR and USD are favorable later today. This analysis should be viewed in the broader macroeconomic context. The recent interest rate hike by the Bank of Japan has introduced significant volatility into global financial markets. Consequently, traders should be prepared for sustained elevated volatility, which could significantly influence price movements and risk management strategies. The convergence of these technical and fundamental factors presents a compelling trading scenario. However, it's essential to emphasise the importance of stringent risk management. Traders are strongly advised to conduct thorough independent research and carefully evaluate their risk tolerance before making any trading decisions. Please note: This analysis is provided for educational and informational purposes only and should not be construed as financial advice or a specific recommendation to execute any trade. 📊✅
by fxtraderanthony
EURUSD 2H Which Way Will It Choose? EURUSD has come into a potential Demand Zone based on 2H chart, but the question is: Will it bounce back up from here to the the Daily Supply Zone or will it keep pushing down to further support areas down below? The answer is we need wait for additional confirmation signals to give us a hint on which direction the market will be heading, such confirmations might be found on lower timeframes. Two brief prediction paths are drawn on the chart. Caution: Jobless Claims news release soon in less than 2 hours. Be careful trading around that time period.
by ForextWaveTrading
EUR/USD Short on 5-Minute Timeframe: Targeting Downtrend After a retracement to the 0.5 Fibonacci level, we are looking for a continuation of the downtrend on the EUR/USD pair. The target is to reach the 1.11000 area, where potential support may emerge. This trade is set on a 5-minute timeframe, aiming to capitalize on short-term bearish momentum. Key Levels: • Entry: Positioned after the retrace to the 0.5 Fibonacci level, near the upper resistance zone, aligning with the anticipated trend continuation. • Target: 1.11000, a key level where support is expected. • Stop-Loss: Placed above the recent high, beyond the 0.5 Fibonacci retracement level, to manage risk if the price reverses. Rationale: The retracement to the 0.5 Fibonacci level offers an ideal entry point for a short position, with the expectation that the downtrend will continue towards the 1.11000 target. The trade plan includes a tight stop-loss for effective risk management while pursuing the downside opportunity. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Short
by AR33_
1
EURUSD / TRADING BELOW TURNING LEVEL - 4H XRPUSDT / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 1.112 . Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.108 . If it stabilizes below this level, it could then reach the next target level of 1.103 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112 , leading to a rise toward the resistance level (1) at 1.118 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.124 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 1.118 . RESISTANCE LEVEL (2) : 1.124 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 1.108 . SUPPORT LEVEL (2) : 1.103 . TURNING LEVEL : 1.112 .
Short
by ArinaKarayi
EUR/USD Trade Idea Update: Full Take Profit AchievedFollowing the break below the Sunday open, the Asian session continued to drive the price downward, successfully hitting our full take-profit target. Key liquidity levels were taken after the pair ranged for two days, providing an ideal setup for our short position. The break of structure signaled a strong entry point, aligning with the rebalancing of price action after Friday’s speech from Powell. Key Levels: • Liquidity Taken: After consolidating between 1.1145 and 1.1185, the pair broke lower, clearing liquidity. • Entry Point: Positioned after the break of structure near 1.1150. • Take Profit Level: Achieved around 1.1100, capitalizing on the continued bearish trend. Congratulations to all who capitalized on this move! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
by AR33_
3
EUR/USD Long: Strategic Entry Amidst Bullish Momentum EUR/USD Long Position Targeting Sunday Open Setup Overview: This trade is based on a 30-minute chart where EUR/USD is positioned for a potential bullish move. The pair has recently shown strong support at the lower zone, and I’m targeting a rally towards the Sunday open, which aligns with the upper resistance level visible on the chart. Key Levels: • Entry: The trade is entered near the support zone, capitalizing on the recent retracement and aiming for a bounce back. • Target: The Sunday open level, which corresponds with the upper green zone on the chart, indicating potential profit-taking. • Stop-Loss: A stop-loss is set just below the recent low, indicated by the red zone, to manage risk and protect the position in case of a downward move. Rationale: The recent price action suggests a consolidation phase, with a bullish breakout likely as we approach the weekend. The trade strategy is built on the expectation that the EUR/USD will rebound off the support and head towards the Sunday open, where previous price action has shown resistance. Risk Management: With a well-defined stop-loss and a clear target, this trade maintains a favorable risk-to-reward ratio. The setup is designed to capture the upside potential while minimizing downside risk.
Long
by AR33_
6