EURUSD MORE DROP COMING TILL SUPPORT ZONEHELLO TRADERS
As I can see this pair EURUSD had perform fantastic job on our pervious analsysis and we are expecting more drop on this pair if it does not hold this support which is now as a strong resistance now Friends it's just a trade idea share Ur thoughts with us chart is crystal clear for next move Stay Tuned!
Eurusdtrade
EURUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 1.08500.
Fundamental news: Upcoming week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis.
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EURUSD will Attack to Support zone⚔️===>>(➡️RR=2.92)🏃♂️ EURUSD is moving in the 🟢 Support zone($1.0695-$1.0626) 🟢, but I expect it to be broken based on the explanation below 👇.
🌊According to the theory of Elliot waves , EURUSD seems to have completed the Double Three Correction(WXY ) in the 🟢 Support zone($1.0695-$1.0626) 🟢.
📈Regarding Classic Technical Analysis , EURUSD has successfully formed an Ascending Broadening Wedge Pattern Reversal Pattern .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
🔔I expect EURUSD to go DOWN at least to the lower line of the Ascending Broadening Wedge Pattern , and EURUSD will probably break the 🟢 Support zone($1.0695-$1.0626) 🟢.
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EURUSD
🔴Position: Short
✅Entry Point: 1.06975 USD (Limit Order)
⛔️Stop Loss: 1.07420 USD
💰Take Profit:
💰Take Profit:
🎯1.06303 USD👉Risk-To-Reward: 1.51
🎯1.05674 USD👉Risk-To-Reward: 2.92
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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Euro/U.S.Dollar Analyze ( EURUSD), 1-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.
EURUSD analysis in 4HGood day, friends!
This is ESS team.
Congratulations on the EURUSD's RISE !!
Let's analysis EURUSD.
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This is EURUSD 4H chart.
Candle broke through the top of the Descending parallel channel with a cascading RISE up.
If Candle retests safely of the Descending channel's upper line,
Long positions are advantageous with power of rise.
If the Candle comes back into the channel and breaks down the blue uptrend line, and retests, please, you prepare for a short position.
SasanSeifi 💁♂ EUR/USD (4-Hour Timeframe)Based on the 4-hour short-term chart of the FX:EURUSD currency pair, the price has been trending upwards from the 1.060 support zone. The price is currently trading above the EMA 60 and moving towards a supply zone.
🔹The current outlook is positive, with a potential for further upside movement towards the target zone of 1.077/1.080.
⏭An alternative scenario involves the price pulling back from the supply zone after a minor correction and then resuming its upward trajectory toward the target zones within the liquidity gap area.
Key Support and Resistance Levels:
Support: 1.070/1.068
Resistance: 1.077/1.080
🚨It is important to note that today is a significant news day, which could lead to increased volatility in the market.
This is not financial advice. Always do your research before making any investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
EURUSD Bearish Butterfly Pattern Formation @ 4-Hour TimeframeEURUSD is currently forming a Butterfly Harmonic Pattern (XABCD) on the 4-hour timeframe. This pattern is characterized by specific Fibonacci ratios between the price swings. The pattern consists of four legs: XA, AB, BC, and CD. The completion point, known as Point D, is expected to coincide with a key Resistance level.
Trendline Analysis:
Additionally, there is a trendline that intersects with the completion point of the Butterfly pattern. This trendline further reinforces the potential resistance at Point D and suggests a strong level of selling pressure.
Bearish Momentum Expected:
Based on the formation of the Butterfly Harmonic Pattern and the confluence with the trendline resistance, we anticipate a shift in momentum towards the downside. This suggests a bearish outlook for EURUSD.
Entry, Stop Loss, and Take Profit Levels:
Entry: We recommend taking a short position at 1.06800, which aligns with the anticipated reversal point (Point D) of the Butterfly pattern and the resistance level.
Stop Loss: To manage risk, a stop loss should be placed at 1.07180, just above the recent swing high. This level provides a buffer against potential market volatility while allowing room for the trade to develop.
Take Profit Targets:
We have identified two take profit levels:
TP-1: Set the first take profit target at 1.06400. This level corresponds to a significant support area and offers a reasonable profit target based on the expected bearish momentum.
TP-2: The second take profit target is set at 1.06025, aiming for a deeper retracement. This level aligns with a previous swing low and provides a more ambitious target for profit-taking.
Conclusion:
In conclusion, the EURUSD pair is exhibiting signs of a potential bearish reversal as it forms a Butterfly Harmonic Pattern along with a trendline resistance on the 4-hour timeframe. Traders may consider short positions with an entry at 1.06800, a stop loss at 1.07180, and take profit targets at 1.06400 and 1.06025. It's essential to monitor price action closely and adjust positions accordingly as the trade develops.
EURUSD WEEKLY BIASEURUSD is bearish till my golden and final zone.
The EUR/USD pair is one of the most widely traded currency pairs in the world. It represents the exchange rate between the euro, the official currency of the Eurozone, and the US dollar, the currency of the United States. Traders and investors closely monitor this pair because it reflects the relative strength of these two major global economies and can be influenced by a wide range of factors, including economic indicators, central bank policies, geopolitical events, and market sentiment
Trading ForexThe Forex Market is very consistent. It repeats itself day in and day out.
It is an objective force of nature and follows rules.
Therefore if you leverage the rules inside of an objective strategy you are able to extract as many pips out of every Macro move that the asset you are trading makes.
Today we understand that EURUSD is Bullish. Therefore the algorithm will take out Sell Side Liquidity 1st typically to the 3rd or 4th Second Deviation.
There is a FVG that may anchor the sell.
5am EST is PTT aka Profit Taking Time when the market typically consolidates and sets up the 7-10am Sniper Window.
Never Over Leverage. Always remember your Narrative is your trade if you don't have one you don't have a trade.
Trust your set up. Have a Great Trading Day!
EURUSD
In the 4-hour timeframe, EUR/USD appears to be exhibiting a bearish trend as it tracks within a descending channel pattern. This pattern suggests that sellers are exerting control over the market, leading to lower highs and lower lows. Traders may look for opportunities to enter short positions, targeting potential support levels within the channel. However, it's essential to monitor for any signs of reversal or breakout from the channel to adapt to changing market conditions.
eurusd shortEUR/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 is recovering ground toward 1.0700 in the Asian session on Monday. The pair regains lost footing, as markets remain upbeat and weigh negatively on the safe-haven US Dollar. Markets reposition ahead of key Eurozone and US data due later this week.
EUR USD long Target This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European Central Bank's policy of Outright Monetary Transactions (OMT), the 'whatever it takes' measure that ECB President Draghi threatened in August 2012.
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
The Relative Strength Index (RSI) indicator on the 4-hour chart recovered toward 50, reflecting a loss of bearish momentum. On the upside, 1.0700 (50-period Simple Moving Average (SMA), static level) aligns as first resistance before 1.0730 (static level) and 1.0750 (100-period SMA).
Confirm long Target
eurusd sellEUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
The Relative Strength Index (RSI) indicator on the 4-hour chart recovered toward 50, reflecting a loss of bearish momentum. On the upside, 1.0700 (50-period Simple Moving Average (SMA), static level) aligns as first resistance before 1.0730 (static level) and 1.0750 (100-period SMA).
Supports are located at 1.0600 (psychological level, static level) before 1.0530 (static level from November).
Bought the dip in EURUSD, 35+ Pips running profit, more uptrend?Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, EUR/USD fell quite rapidly during the Asian Trading session on Friday.
However, I saw the dip as a buying opportunity believing a market recovery is on the cards. Besides, the 1.06 level remained unbroken too. I bought EUR/USD@1.0615 with my initial target at 1.0730 level.
EURUSD Profit Opportunity with the Crab Harmonic PatternEURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis.
Key Levels and Fibonacci Retracement:
Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance. Additionally, Point D aligns closely with the 0.618 Fibonacci retracement level, strengthening the case for a potential reversal.
Trade Setup:
Based on the analysis, we recommend initiating a short position upon confirmation of bearish momentum at the identified entry point of 1.06626. This entry aligns strategically with the projected reversal from Point D of the Crab Pattern.
Risk Management:
To mitigate potential losses, a stop loss is advised at 1.06913. This level provides a reasonable buffer to withstand potential market fluctuations while preserving capital in case of adverse price movements.
Profit Targets:
We propose three profit targets to capitalize on the anticipated bearish momentum:
Take Profit 1 (TP-1): 1.06344
Take Profit 2 (TP-2): 1.06048
Take Profit 3 (TP-3): 1.05760
Conclusion:
In conclusion, the analysis suggests a compelling trading opportunity based on the formation of a Crab Harmonic Pattern and key technical levels. However, it is essential to exercise prudent risk management and closely monitor price action for timely adjustments to the trade plan.
This technical analysis report serves as a guide for informed decision-making in the dynamic forex market environment.
Disclaimer:
Trading forex involves inherent risks, and past performance is not indicative of future results. Traders should conduct their own research and seek professional advice before executing any trades.
EU Short Term ReactionI'm expecting to see a short term downwards reaction on EU today.
Reasons:
- Test of 1h 200 EMA
- Retest of low created last Thursday
- Retest of psychological 1.07 level
- Expecting downwards move to retest 1W trendline
Trade set:
- Entry: 1.07
- Stop Loss: 1.071
- Take Profit: 1.066
- RR: 1:4
Will update specific entry, SL and TP as my order gets filled. Follow for more daily trade ideas.
EURUSD: Strong US retail sales push the dollar to new highsThe US economic system acquired a super improve from an first rate growth in retail income in March, which contributed to a sturdy monetary enlargement and a massive strengthening of the greenback. in comparison to different principal currencies.
The greenback`s upward push comes amid issues approximately China's economic system, which, despite the fact that first-area annual GDP boom of 5.3% handed expectancies, noticed zone boom and income growth. Retail income in March did now no longer meet forecasts. Furthermore, China's new domestic costs skilled their sharpest decline in 8 years and actual property funding fell almost 17% yr-on-yr.
The US greenback index hit a five-month excessive on Tuesday, marking a 4% advantage during the last six weeks. This growth comes as expectancies for hobby fee cuts through americaA Federal Reserve (Fed) are shrinking, even as different critical banks are going through stress to loosen economic policy.
As a result, the euro, China's offshore yuan and the British pound fell to their lowest ranges in opposition to the greenback because November. The Japanese yen additionally weakened to a brand new 34-yr low of 154 .60 in line with greenback and forex volatility measures hit their maximum in extra than months.