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Eurusdtrade

EUR/USD Shorts from 1.09000 back downMy bias aligns closely with GU this week, focusing on selling from a comparable supply level evident on both charts. On EU, this manifests as the 4hr level around 1.09000, where I intend to sell. I'll await the current price to pull back into these zones to address the imbalance and form a redistribution pattern. Similarly to GU, there's a minor 4hr supply below that I anticipate will fail due to the presence of the Asian high above it. Once this fails and reaches the major supply, I'll be more inclined to sell from there as it offers a premium price. Confluences for EU Sells are as follows: - Price broke structure the downside and left a clean 4hr supply zone. - Imbalances that needs to b filled before tapping into the supply. - Lots of liquidity below in the form of asian lows. - Price is overall bearish on the higher time frame. - I can see the dollar to rising more to the upside. P.S. I observe the current price reacting to the existing demand. If this reaction fails, price might respond bullishly to the demand just below, potentially initiating an upward move towards the supply levels above. Have a great trading week guys!
Short
by Hassan_fx
2
EURUSD BIG SELL (411 PIPS) READ THE DISCRIPTIONThe analysis for EUR/USD (Euro paired with US Dollar) suggests a major sell zone, indicating a strong bearish sentiment in the market. The currency pair has broken below the previous historical support level, signaling a significant shift in market dynamics. The main area of newly fresh resistance is identified between 1.08430 to 1.08700, indicating a level where selling pressure has emerged and may continue to hold back further price advances. To further reinforce the bearish outlook, data from big players and investors is considered. In the last month, a total of 531,000 short positions were recorded, while in the last two weeks, an additional 254,000 short positions were added. Furthermore, in the past two days alone, 15,000 new short positions were initiated. This data suggests a notable increase in short positions, with the percentage of shorts rising from 12% to 20% in the last month. Such a substantial increase in short positions indicates a strong bearish trend, especially considering it broke all previous monthly support levels. The trading strategy incorporates setting two target prices to capture potential profits. The first target price is set to secure gains if the market follows through with a downward movement. If the market reaches this target and continues to decline, traders aim to close the trade for profit. However, if the market rebounds after reaching the first target, the second target price should be used to exit the trade to mitigate potential losses. The expected gain from this trade is 411 pips, representing a 3.4% profit potential. This indicates a significant downward movement in EUR/USD, and traders aim to capitalize on this potential while managing risk effectively. In summary, the analysis points towards a strong bearish sentiment in EUR/USD, with a major sell zone identified. By considering big player and investor data, setting clear target prices, and managing risk, traders aim to seize the opportunity presented by the bearish trend in the currency pair.
Short
by MOAZAM1133
⚠️EURUSD Analysis(Falling Soon)⚠️🏃 EURUSD is moving near 🔴 Heavy Resistance zone($1.1185-$1.0980) 🔴and Resistance lines and 🟡 Potential Reversal Zone(PRZ) 🟡. 🌊According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the corrective Zigzag(ABC/5-3-5) inside the Ascending Channel . 🔔I expect EURUSD to move towards the 🟢 Support zone($1.0920-$1.0870) 🟢after breaking the 🟢 Support zone($1.0810-$1.0757) 🟢. Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
Eurusd sell confirm signal EUR/USD retreats to the 1.0860 area during the early Asian trading hours on Friday. The downtick of the major pair is backed by the firmer US Dollar and higher US Treasury bond yields. Traders await the German IFO Business Climate on Friday ahead of the Fed's Chair Powell. On the upside, EUR/USD is expected to face initial resistance at the March high of 1.0981 (March 8), then the weekly top of 1.0998 (January 11) and the psychological barrier of 1.1000. Further increases from here might lead to a December 2023 peak of 1.1139 (December 28). Confirm eurusd sell signal
Short
by JohnHarry_7
EURUSD: The EUR continues to fall as the ECB can cut interest raThe euro is possibly to keep to conflict towards the greenback as weaker financial boom and quicker deflation withinside the European Union ought to pressure the European Central Bank to reduce hobby charges aggressively than the Federal Reserve. EUR/USD fell 0.52% to $1.0862. “We keep to count on EUR/USD to decline,” Morgan Stanley stated in a latest note, highlighting numerous elements in order to widen the differential among US and EU hobby charges, such as Deflation is quicker withinside the EU and financial boom is slower. Morgan Stanley forecasts that the slowdown in European inflation will "arise quicker and at a decrease preliminary charge than US inflation", paving the manner for the ECB to "sign a quicker tempo of cuts than presently expected." now". Expectations for an ECB hobby charge reduce as quickly as June had been boosted on Wednesday, following the Swiss National Bank`s marvel pass to decrease its benchmark hobby charge. Swaps are actually pricing in a ninety% risk the ECB will reduce hobby charges in June, up from round 80% on Wednesday, with four, or ninety foundation points, cuts now priced in. Meanwhile, the energy of US boom in comparison to the EU may also inspire the Fed now no longer to reduce hobby charges as little as in preceding cycles, Morgan Stanley stated. But different principal banks, such as the ECB, won't have that luxury, paving the manner for the USD "to hold a differential benefit over the EUR", MS added. Meanwhile, slower boom out of doors the United States and ongoing geopolitical dangers also are possibly to help a more potent greenback, "particularly because the US election approaches", Morgan stated. Stanley stated.
Short
by Chart_MasterPro
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
5
Eurusd sell confirm Target EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. EUR/USD regained its traction and recovered above 1.0850 in the American session on Tuesday. The US Dollar struggles to preserve its strength following the mixed opening in Wall Street and helps the pair hold its ground ahead of Fed policy announcements on Wednesday. From a technical point of view, the EUR/USD pair is poised to extend its decline. The pair is down for a second consecutive day, hovering around 1.0850. Technical readings in the daily chart show indicators are crossing their midlines into negative territory, falling short of confirming an upcoming decline but, anyway, skewing the risk to the downside. Additionally, the pair broke below a now flat 20 Simple Moving Average (SMA), which converges with the 38.2% Fibonacci retracement of the latest daily slump between 1.1139 and 1.0694 at 1.0865. Finally, mild buying interest defended the downside around a flat 200 SMA. A break below the latter should open the door for additional sellins. Confirm Chart
Short
by JohnHarry_7
Eurusd confirm signal sell zone EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. Confirm signal Technically, the EUR/USD pair seems poised to extend its advance. The daily chart shows the pair trades above bullish moving averages as the 20 Simple Moving Average (SMA) gains upward strength above the longer ones. Furthermore, the latter converges with the 38.2% Fibonacci retracement of the 1.1139/1.0694 slide at 1.0865. Meanwhile, technical indicators resumed their advances from around their midlines and after correcting overbought conditions, suggesting the latest decline was just corrective.
Short
by JohnHarry_7
1
FOMC this week, how should you trade EURUSD?After reaching the 1.0970 level, EUR/USD has pulled back strongly and currently, price is hovering below the 1.09 level. With the super-important FOMC event on Wednesday, major market players are on the sidelines here. Technically, the dynamic support on the 4H chart is holding so far. We recommend traders to stay away from executing any new trades before the FOMC event. The key resistance levels are at 1.10 and 1.1140. If price spikes to any of these key levels during the event, we may consider selling EUR/USD provident there is bearish price action.
by KaltoireCapital
6