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Eurusdtrade

EURUSD Technical Analysis And Trade IdeaThe EURUSD has shown a robust upward trajectory, subsequently experiencing a bearish shift in market structure. This video delivers an intricate breakdown of this trend, meticulously scrutinizing price fluctuations and uncovering potential trade prospects through comprehensive evaluations across weekly and daily timelines. Expect a comprehensive review encompassing price shifts, market patterns, trend assessments, and vital technical analysis elements. It's imperative to stress that the information shared here serves solely for educational purposes and should not be construed as financial counsel.
by fxtraderanthony
EURUSD Technical Analysis And Trade IdeaIn the recent times, EURUSD has broken market structure to the downside, indicating a possible sell opportunity. This video presents a detailed analysis of this trend, meticulously examining price movements on both the weekly and daily charts. Please note, the content presented here is purely educational. It's crucial to emphasize that while the analysis provides valuable information, it should not be interpreted as financial advice or guidance.
Short
by fxtraderanthony
💡 EURUSD: Continued declineEURUSD continues to fall sharply and has had six consecutive losing sessions. By this time, more oversold signals have appeared. In addition, the 1.075 resistance zone is also an important resistance zone. Please pay attention to observe the signs. Price behavior here, if there is a signal of price increase, you can consider buying again. In case it is broken, the price will likely adjust sharply down, towards the resistance area around the 1.0500 threshold.
Short
by Stone_Haven
2
Next scenario for EURUSD after a series of declining daysEUR/USD: The euro did not show any significant signs of recovery in this week's trading. Therefore, you can consider the following options: In a short-term scenario, the EURUSD could retest the price reaction zone around 1.0800 Ace and wait for a sell-off in this area in relation to the expected FOMC information. Eurodollar could still be a period of accumulation for the market. EUR/USD target expected level returns to 1.0650 area
by TheLeader_WOLF
EURUSD → Nearing Support! Is it Time to Long!? Let's Answer.EURUSD rejected nicely off of the Resistance Zone at 1.10 and fell to 1.07300! If you shorted at the Resistance Zone per my last analysis, hold that short! It's reasonable to take profits here around 1:1 Risk/Reward and swing the latter half, but will we make it to the bottom? How do we trade this? 🤔 If you're not currently in a trade, I would wait until the price falls closer to the Support Zone and bounces or wait for it to break Resistance and long above it. Look to enter a long in the 1.06 area if a strong bull signal and confirmation plays out and trade a 1:2 Risk/Reward taking profit just shy of the Resistance Zone. Your protective stop should be below the Support Zone giving you a clear 1:2 Risk/Reward! 💡 Trade Idea 💡 Long Entry: 1.05800 🟥 Stop Loss: 104.100 ✅ Take Profit: 1.09200 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Rejection at the Resistance Zone, Run Short to 1.06. 3. Look for Support at Support Zone 1.054. 4. Look for Reversal Pattern, Bull Signal and Confirmation. 5. RSI at 45.00 far below Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
EURUSD is likely to fall, touching supportThe euro EURUSD inched 0.07% lower to $1.0757, its lowest point since Nov. 14. The single currency is down 1% this week and is on course for the steepest weekly decline since May. Traders are betting that there is about an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points' worth of easing priced by the end of next year. The question of a rate cut could emerge in 2024, ECB member and Bank of France head Francois Villeroy de Galhau told a French paper in an interview published on Wednesday. Villeroy said that "disinflation is happening more quickly than we thought". The ECB will set interest rates on Thursday next week and is all but certain to leave them at the current record high of 4%, although the focus will be on comments from officials about rates outlook. A slim majority of economists in a Reuters poll expect the ECB to cut rates in the second quarter of next year, earlier than previously thought, with a new tug of war on the exact timing of the first cut emerging. The dollar has found its footing this month after a 3% drop in November as traders ramp up rate cut bets for other central banks.
Short
by TinaTradingGold
💡 EURUSD: Forecast ADP-Nonfarm EURUSD is approaching the support zone on the daily frame around 1.0755, and you can see that the current price trend is bearish and the current structure on the H4 frame is bearish because the previous bottom is clearly broken. However, the price action is not moving very well, the price forms quite weak and unclear price pushes as well as pullbacks. More importantly, there is no really strong peak to be seen. Strong latch to hold the price. In market moving conditions like this, as long as the most recent small peak in that price decline is broken, the possibility of the market reversing is quite high or at least forming a deep pullback.
Short
by Stone_Haven
EURUSD Technical Analysis And Trade IdeaExploring the EURUSD currency pair's current dynamics, our analysis unveils a prevailing bullish trend across higher time frames, particularly evident on the monthly and weekly charts. Our focus shifts to the daily time frame, strategically aiming for an optimal entry point. At this juncture, the price has undergone a significant swing and is now undergoing a retracement phase. Our keen attention is directed towards pinpointing a retracement within the 50% to 61.8% Fibonacci retracement zone – an area we favor for entry. We look at both a 1D and 4H timeframe scenario. This video meticulously breaks down price action, market structure, and overarching trends, shedding light on critical facets of technical analysis. Throughout this presentation, we delve deeply into pivotal aspects such as market structure, nuances of price action, trend dynamics, and other indispensable technical analysis components. It's crucial to emphasize that this content is for educational purposes. However, it's imperative to avoid construing it as financial advice.
by fxtraderanthony
EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance ⭐️ EUR/USD INFORMATION: The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations. According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets. ⭐️ Personal comments NOVA: The price area touches the downtrend line, Scalping during the day is a SELL signal ⭐️ SET UP EURUSD PRICE: 🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100 TP1: 1.08000 TP2: 1.07700 TP3: 1.07400 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
💡 EURUSD : Forecast December 5The European Central Bank policymaker and President of the Bank of France said the ECB is not yet ready to consider reducing borrowing costs but will do so after 2024. Slowing inflation has allowed the ECB to clarifying the 2% inflation target from summer 2021, which could herald an adjustment in monetary policy. In addition, dovish comments from the FED pulled the dollar down, partly supporting the view that the Fed has ended its interest rate hike cycle and will shift to an easing stance in 2024. We can see EUR/USD recovering and the MACD double line and bar chart shrinking below the zero axis on the H4 chart. When the price once fell below the 1.0880 support level, a short-term top emerged as a bear market.
Short
by Stone_Haven
2