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SHORT EUR/USD 1.0794In the last hour we've seen EUR/USD break the neckline of a standard M-Top candle formation. M-Tops and W-Bottoms are highlu reliable structures and although they can be used in isolation its always better to see if they form at areas or lines of resistance or support. In this case we have RSI decling as well as MACD and yesterday pricehit WR1 pivot elevel which frequently will have SELLERS jumping into the market. I'm a big believer in Pivot levels as these can be marked on your charts at the start of the week so you are forewarned that the price MAY do something if WR1 and WS1 are hit. Pivot Point SuperTrend which I use has confimed this SHORT bias and the Andean Oscillator red SELL line is rising. All in all this looka s olid SELL signal although the key 100 and 200 EMA moving averages are below the price but far enough away to get a healthy plus STOP should price make it down there. STOP for this trade is 1.0819 which is the recent high and target is open but provisionally 1.0774 which is the 200 EMA.
Short
by forextraplaces
EURUSD Technical Analysis & Trade IdeaThe EURUSD exhibits a bearish bias on higher timeframes. The weekly chart reveals a clear break of market structure to the downside followed by a retracement. Drilling down to the daily timeframe, the retracement has taken out previous buy stops, further supporting a short bias. A short entry at the current level appears viable, with a stop-loss placed above the recent high and targeting previous lows. This setup presents an intraday or swing trade opportunity. Important Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Before initiating any trades, conduct your own comprehensive research and apply appropriate risk management strategies.
Short
by fxtraderanthony
EUR USD down EUR/USD consolidates gains above 1.0800, awaits Fed Minutes From a technical point of view, EUR/USD’s daily chart shows its closing in the green for a fifth consecutive day. The same chart shows it trades above converging 20 and 100 Simple Moving Averages (SMAs) in the 1.0790 price zone, while it retreated from around a flat 200 SMA, currently around 1.0825. Technical indicators, in the meantime, maintain their upward slopes just below their midlines, suggesting bulls are willing to push EUR/USD further up. EUR/USD is holding gains above 1.0800 early Wednesday, having hit two-week highs on Tuesday. The US Dollar remains broadly weak, despite a mixed market mood, as investors weigh Fed rate cut bets and US government shutdown risks ahead of the Fed Minutes.
Short
by JohnHarry_7
Trading Through Turbulence: EUR/USD Strategies Amid U.S. Fiscal The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets. The anticipation of a "hard landing" for the U.S. economy further complicates the landscape, warranting a strategic approach to trading the EUR/USD pair. 1. U.S. Interest Rate Outlook: Federal Reserve Bank of Atlanta President Raphael Bostic's recent statements highlight a significant resistance to cutting interest rates in the near term. The robustness of the U.S. labor market and the economy, coupled with inflation not convincingly on track to meet the 2% target, suggests that the dollar might remain strong. Bostic's remarks underscore the uncertainty surrounding inflation, indicating that the Fed is not yet convinced that inflationary pressures are sufficiently under control to warrant a change in monetary policy. This stance is crucial for EUR/USD traders, as interest rate expectations are a primary driver of currency movements. The Fed's cautious approach may bolster the dollar, creating resistance against EUR gains. 2. Market Reactions and Treasury Movements: The reaction to Bostic’s comments was immediate, with Treasuries falling and holding their decline, reflecting market adjustments to the expectations of continued strong U.S. monetary policy. Conversely, Jupiter Asset Management's move to increase its Treasury holdings to a record suggests a hedging strategy against a potential economic downturn. For EUR/USD traders, these dynamics indicate a flight to safety and potential volatility, with a strong dollar scenario possibly prevailing in the short term. 3. Equity Market Inflows and Implications for the Dollar: Significant inflows into global equity funds, especially following substantial sell-offs in U.S. stocks by Japanese and Chinese funds, hint at a complex investment landscape. The S&P 500 and Nasdaq futures' rise indicates investor optimism or speculative positioning, potentially impacting the dollar by influencing risk sentiment. For the EUR/USD, this could mean short-term bullish signals for the dollar, especially if equity market strength translates into confidence in the U.S. economy. 4. Inflation Concerns and Labor Market Strength: The anticipated high CPI and potential for a similarly high Producer Price Index (PPI) could extinguish hopes for an interest rate cut, further strengthening the dollar. The persistent strength of the U.S. labor market suggests that inflation may not be easily tamed, reinforcing the Fed's cautious stance on rate cuts. For EUR/USD traders, this means monitoring U.S. economic indicators closely, as signs of sustained inflation or labor market overheating could prompt adjustments in trading strategies, favoring the dollar. The EUR/USD trading environment is marked by uncertainty, with a robust U.S. economy and unresolved inflation concerns suggesting a cautious approach. Traders should remain vigilant, adapting strategies to navigate potential volatility and the implications of U.S. monetary policy on currency movements.
Short
by Wiiso
2
EURUSD Sell Confirm The EUR/USD pair picked up some momentum ahead of the daily close but remains below the 1.0800 threshold. From a technical point of view, the daily chart shows that EUR/USD remains below its moving averages, with a bearish 20 Simple Moving Average (SMA) about to cross below the 100 SMA, both converging in the 1.0790 price zone. At the same time, technical indicators stand pat within negative levels, suggesting buyers are out of the picture. EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs Confirm signal Sell
Short
by JohnHarry_7
EurUsd - Long Term ChannelHello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after the break towards the downside turned resistance so everything is pointing towards a next move lower. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
by basictradingtv
8
EURUSD M15 / Short Trade Alert ✅Hello Traders! This is my idea related to EURUSD M15. As the Market structure, H4 is bearish, and the trend did not set a new High, I expect a continuation of a bearish market and at the moment, I see an opportunity to execute from this price a short trade with the target below the low. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
EUR/USD Imminent Shorts towards 1.06800My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions. I acknowledge the presence of considerable imbalances above, which could prompt price to rise and potentially reach the supply zone in scenario (C). However, my overall expectation for EUR/USD is a downward movement towards 1.06800. Confluences for EU Shorts are as follows: - Price left a clean 3hr supply zone which price is currently re distributing inside. - Price has been moving bearish regarding the recent break of structure to the downside. - DXY is also been moving bullish so it backs the EU downtrend. - Lots of liquidity to the downside like trendline Asian lows and swing lows. - The overall trend of this market like the monthly still shows its a bearish trend. P.S. I'm currently leaning towards a pro-trend stance with this idea, primarily because of the recent downward breaks in structure. Additionally, there are few demand zones in proximity to the current price, suggesting that price may decline to sweep that liquidity. HAPPY TRADING AND REMEMBER ITS USD BANK HOLIDAY MONDAY!
Short
by Hassan_fx
3
EURUSD I Correction in process to 50% fib of the bearish impulseWelcome back! Let me know your thoughts in the comments! ** EURUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
EURUSD 4H : Support further decline EURUSD New forecast The price perfectly fulfills my last idea and price reached to our targets. The EUR/USD pair shows slight negative trading in an attempt to resume the expected downward trend for today, remembering that our expected target is at 1.0665, breaking which represents the key to heading towards 1.0600 directly. Therefore the downward scenario will be remain valid and effective during coming period ,Moving average 50 continues to support the suggested bearish wave, which will remain in place unless the 1.0760 level is breached and holds with a daily close above it. The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0600. resistance line : 1.0760 , 1.0808 support line : 1.0665 , 1.0600 Attention : We don't have any group in telegram be careful about scammer. 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
12
EURUSD READY TO DROP MOREHELLO FRIENDS! EURUSD is now trading in downtrend and rejecting from broken support zone we expected another drop on this pair. as we can see $ index is moving to the upward and this pair is trading under bearish Trend it can test these given support levels in coming days as we can see US Inflation data ahead a positive data for $ can bring to us these levels on EURUSD Its just a trade idea share Ur thoughts with us and stay tuned for more updates.
Short
by APEX_TRADING_ACADMEY
2