Eurusdtrade
💡 EURUSD: Forecast December 29EURUSD has slipped sharply in the past session, losing momentum as it approached the upper border of the rising price channel. Although selling pressure is returning, these are normal developments after breaking moves, a correction will bring giving bettors better entry points, you continue to wait patiently, paying attention to see if there is a bullish signal forming around the 1.10 resistance area when the price retests.
EURUSD → SELL SIGNALSell opportunity in the FX:EURUSD with a target at 1.10450 for a profit of 30 pips.
Sniper Trading System Trade Break Down 12-29-23As we study #PriceAction - Our 12am Indicated the Bullish Play on this last #TrapDay of 2023 - The #Algorithm raided the 1st #StandardDeviation to entice Timmy, Lenny, & Tenisha nem to chase the sell because they had no clue we are BULLISH today.💰 Around 5am the Algorithm followed it's DAILY route- Consolidated turned around and liquidated the Shorts and tapped the Sell Stops and liquidated them as well. #SmartMoney Bought the WICk of the #SwingLow which is our #DrawPlay 🔼 Typically price will Trend to the 3rd or 4th #StandardDeviation in confluence with the #Trend that day. 😮 then retrace and or Reverse. This is the 2024 DAILY Schedule. This schedule makes us the #BANK ✔🤫🥶💵 LEARN IT! 📌💵 #SniperGang 🏦🏦🏦
💡 EURUSD: Forecast December 27EURUSD increased in price in the last session, the upward momentum was not strong enough to invalidate the doji pattern previously formed on the daily. Although this bearish model has been invalidated, suggesting the possibility that the uptrend will continue, the breakout force is not really strong, you should not buy at this time, need to wait patiently.
scalp and flip EURUSD 5minin the area I select in the chart, I trade long and short .
I believe that price goes a sideway in this area.
no matter which position is first I trade the first and flip it with the next.
what do you think?
EURUSD: The USD fell as expectations of interest rate cuts increThe U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year.
Market participants are keeping an eye on the timing of the U.S. Federal Reserve's interest rate cut. The futures market indicates that there is an 89% probability that interest rates will be cut by March 2024, and it has been pointed out that there is a possibility that interest rates will be cut by March next year. Despite these forecasts, some analysts, including those at Monex USA, have expressed skepticism about the Fed's willingness to ease early, saying the dollar could appreciate if the expected rate cuts do not materialize. suggested.
In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year.
Analysts at Monex USA highlighted the unstable economic situation in Europe and the United Kingdom, predicting that their central banks could cut interest rates before the Fed. The euro rose 0.09% to $1.1113, close to a five-month high and posted a 3.7% annual gain, its best performance since 2020.
EURUSD Technical analysis and Trade IdeaIn this video analysis, we focus on dissecting the movements of EURUSD. We can see that the EU has traded into a significant resistance level. Below the current price level, we pinpoint an imbalance key support zones. Throughout the presentation, we delve into comprehensive trend analysis, intricacies of price action, the underlying market structure, while also briefly outlining a prospective trade opportunity. It is important to note that this is not financial advice and is meant for educational purposes only.
EURUSD is trending downOn the hourly chart of EUR/USD, the pair started a fresh increase above the 1.0930 zone. The Euro climbed above the 1.0985 resistance zone against the US Dollar.
The pair even settled above the 1.1020 resistance and the 50-hour simple moving average. Finally, it tested the 1.1040 resistance. A high is formed near 1.1044 and the pair is now consolidating gains.
If there is a downside correction, the pair might test the 23.6% Fib retracement level of the upward move from the 1.0929 swing low to the 1.1044 high at 1.1020. There is also a key bullish trend line forming with support near 1.1020 and the 50-hour simple moving average.
The next major support is near the 50% Fib retracement level of the upward move from the 1.0929 swing low to the 1.1044 high at 1.0985.
EUR/USD Extends Rally While USD/JPY Revisits Support_1If there is a downside break below 1.0985, the pair could drop toward the 1.0930 support. The main support on the EUR/USD chart is near 1.0910, below which the pair could start a major decline.
On the upside, the pair is now facing resistance near 1.1040. The next major resistance is near the 1.1065 level. An upside break above 1.1065 could set the pace for another increase. In the stated case, the pair might rise toward 1.1120.
BULLISH TRENDS (closing 2023) EUR/USD currency pair is exhibiting a bullish trend Presently 1.10560 and we are aiming the bullish trend however the dx is still on declind at 101.390 and expected to reach 100.90 the lower high supply zone area.
if 1.1075-1.1085 lower high resistances are broken next target will be 1.1220.personally i expect Eurusd will be on long run.
EURUSD Lokking BearishEURUSD has liquidity at 1.1065 price level and, also we are at the end of wave 5 expecting a dump from the trendlines
💡 EURUSD: Forecast December 26EURUSD has breached the 1.10 level, but we cannot yet consider this a breakout because selling pressure has also reappeared, shown by a notable Doji pattern on the daily frame. You temporarily stop trading, pay attention to the tops and bottoms of this model. If it breaks to the bottom, it will likely create a peak in the short term, and the reversal traders can consider returning. In case the price breaks the top of the pattern, meaning it has been invalidated and confirmed the breakout, then trend followers can consider entering an order and targeting the upper border of the rising price channel.
EURUSD is trending downAs of the most recent data, the EUR/USD currency pair is currently trading at approximately 1.1000. The pair has experienced some volatility in recent sessions due to a combination of factors including economic data releases, central bank announcements, and global geopolitical events. The euro has faced pressure from concerns about the economic impact of the Omicron variant, as well as uncertainty surrounding the European Central Bank's monetary policy outlook. On the other hand, the US dollar has been influenced by the Federal Reserve's tapering of its asset purchase program and speculation about the pace of future interest rate hikes.
In the short term, the EUR/USD pair has been trading within a relatively narrow range, as market participants assess the evolving economic landscape and central bank policies. Traders are closely monitoring key economic indicators such as inflation, employment data, and consumer spending, which can influence the direction of the currency pair. Additionally, any developments related to trade tensions, geopolitical risks, or major policy announcements from the ECB or the Fed could also impact the exchange rate.
From a technical perspective, the EUR/USD pair is about to test a resistance levels, with market participants closely watching for potential breakout opportunities. Traders are also monitoring the 50-day and 200-day moving averages for potential signals of trend direction. The pair's current position reflects a cautious sentiment among market participants, with a focus on risk management and potential opportunities for short-term trading strategies.Looking ahead, the EUR/USD pair is likely to continue to be influenced by a mix of fundamental and technical factors. Traders will be paying close attention to upcoming economic data releases, central bank communications, and any developments related to the global macroeconomic environment. As always, market sentiment and risk appetite will play a crucial role in determining the near-term direction of the currency pair. Overall, the current position of the EUR/USD pair reflects a dynamic and evolving market environment, with traders remaining vigilant for potential opportunities and risks.
EURUSD: Continue with the sell There was only a slight decrease in the last session, so no significant changes have appeared on EURUSD. Currently, we still have short positions according to previous reversal signals around the 1.10 resistance area, please continue. holding the position, the short-term target is still around the lower border of the rising channel, we will only abandon this strategy when the peak of 1.10 is completely broken.
EURUSD is trending downAs of the most recent data, the EUR/USD currency pair is currently trading at approximately 1.1000. The pair has experienced some volatility in recent sessions due to a combination of factors including economic data releases, central bank announcements, and global geopolitical events. The euro has faced pressure from concerns about the economic impact of the Omicron variant, as well as uncertainty surrounding the European Central Bank's monetary policy outlook. On the other hand, the US dollar has been influenced by the Federal Reserve's tapering of its asset purchase program and speculation about the pace of future interest rate hikes.
In the short term, the EUR/USD pair has been trading within a relatively narrow range, as market participants assess the evolving economic landscape and central bank policies. Traders are closely monitoring key economic indicators such as inflation, employment data, and consumer spending, which can influence the direction of the currency pair. Additionally, any developments related to trade tensions, geopolitical risks, or major policy announcements from the ECB or the Fed could also impact the exchange rate.
From a technical perspective, the EUR/USD pair is about to test a resistance levels, with market participants closely watching for potential breakout opportunities. Traders are also monitoring the 50-day and 200-day moving averages for potential signals of trend direction. The pair's current position reflects a cautious sentiment among market participants, with a focus on risk management and potential opportunities for short-term trading strategies.
EURUSD → Second Rejection at 1.10! Short to 1.06? Let's Answer.EURUSD was rejected twice at the Resistance Zone and ended last week with a bear bar closing on its low! Should we short here?
How do we trade this? 🤔
Short answer (pun intended!), yes! My analysis from last week showed the price action around 1.078 which is right on the EMA support ribbons. Too far away from resistance to short, too far away from the Support Zone to long. The EMA ribbons themselves are support as we now can see, the price action has bounced off of them back to the Resistance Zone.
Now that we've seen a second rejection, that's our confirmation to short. The first was our signal, second our confirmation and because the bar closed on its low, we have optimal probability to enter a short position here. Target 1:2 Risk/Reward with a protective stop just above the double top at 1.10, then target the 1.06 area to take profits. Look for a bull response at the 1.06 area, a potential long opportunity using the same trade management style as this one. Refer to my analysis from last week for that setup:
Additional Note:
We're trading the Daily chart here, this trading range came after a bull channel which in isolation, should give us a long bias while we're between 1.06 and 1.10. However, zooming out to the Weekly chart shows us we're rejecting price off of the 200EMA. It's reasonable to have a short-term bull bias in this range, but caution should be used in either direction because of that Weekly 200EMA.
💡 Trade Ideas 💡
Short Entry: 1.089
🟥 Stop Loss: $0.955
✅ Take Profit: 1.057
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two Rejections at Resistance Zone, Bias to Short.
2. Second Rejection Bear Bar Closing on its Low. Run Short to 1.06 Area.
3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons.
4. RSI at 55.00 and above Moving Average, Needs to Fall Below.
5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry.
💰 Trading Tip 💰
Probability of profit increases dramatically when you wait for what is called "confirmation" on the chart. This comes after a signal bar closes, indicating the next moves on the chart.
⚠️ 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!
EURUSD - Potential long ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. After price take buy side liquidity I see to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
EURUSD Longs from 1.09550 or 1.09200I anticipate EURUSD to wait for a decline in selling pressure and for the price to enter a demand zone, providing an opportunity for an upward buy. Currently, my focus lies on the two 5-hour demand zones that triggered the recent CHOCH.
This bias is more favorable as it aligns with the existing bullish trend in the EURUSD market. Despite my overall bearish outlook on this market, the ongoing bullish rallies remain robust. Furthermore, I anticipate further upside in the market to eventually reach a more premium supply zone.
Confluence for EURUSD Buys are as follows:
- Lots of liquidity left above in the form or trend lines and asian highs.
- Two demand zones on the 5hr time frame that has caused a CHOCH to the upside.
- This idea aligns with the temporary bullish trend that EURUSD has generated.
- Selling pressure is slowly getting exhausted and is pending an accumulation.
- For price to continue going higher and create a new leg it must react off a near demand.
P.S. The price has responded to a 50-minute supply zone, initiating bearish momentum. Now, I am anticipating the price to descend and undergo accumulation within the specified zones I have identified.
Comment your thoughts below and let me know what you guys think of EURUSD's current price
EURUSD 25-29 outlookwe were right about our last outlook and with that we will continue to the long side. i will keep farming this trend as long as it lasts and so should you.
as always dont enter without confirmation and size your position wisely
7 Dimension analysis for EURUSD🕛 TOPDOWN - Bearish Momentum in a Multi-Month Downtrend
Overview: The monthly and weekly analyses indicate a multi-month downtrend with the initiation of a current impulsive bearish move. The focus is on the daily timeframe for a detailed perspective.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Bearish impulsive move in progress, marked by a proper high.
🟢 Inducement: Completed.
🟢 Pull Back 1st: Deep pullback with a reversal and bearish momentum.
🟢 Internal Structure: Choch (Contraction) observed.
Ext OB mitigated, indicating a potential reversal.
🟢 Resistance/Supply/Distribution/Premier: Multiple indicators, including trendlines, suggest further downward movement.
2️⃣ Pattern
🟢 CHART PATTERNS
Raising Wedge breakout signals bearish continuation.
🟢 CANDLE PATTERNS
ey Considerations:
Record session count with a Change in Guard (engulfing) candle, a strong reversal sign.
Momentum signals, including strict engulfing and a last bullish FOMO candle.
3️⃣ Volume: Pivot points of fixed range volume show volatile reversal signals. Average volume during correction move reinforces the bearish bias.
4️⃣ Momentum RSI:
🟢 Momentum State: Sideways zone.
🟢 Range Shift: From bullish to sideways with a loud move.
🟢 Loud Moves: Bearish loud move observed.
🟢 Overbought/Oversold Rejections: Count of 3.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band provides support, but momentum suggests potential breakage.
🟢 Formation of a W pattern at the top of the move.
6️⃣ Strength: USD is stronger than EUR, adding to the bearish bias.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Supply area and extreme Order Block.
☑️ Candles Behavior: RSC, Momentum - both patterns are bearish.
☑️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell right now.
💡 Decision: SELL.
🚀 Entry: 1.08450
✋ Stop Loss: 1.1030
🎯 Take Profit: 1.0143
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:3.75
🕛 Expected Duration: 30 days
SUMMARY: The analysis strongly supports a bearish momentum, aligning with the ongoing multi-month downtrend. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
EURUSD → BUY SIGNALBuy opportunity in the FX:EURUSD with a target at 1.10400 for a profit of 20 pips.
EUR/USD Holds Steady Above 1.1000 Amidst US GDP Data and..EUR/USD Holds Steady Above 1.1000 Amidst US GDP Data and Upcoming Core PCE Report
The EUR/USD pair maintains its positive stance, firmly holding ground above the psychological mark of 1.1000 as it reaches its highest level in four months during the early Asian trading hours on Friday. The pair's trajectory aligns with our previous forecast, where the price successfully reached the initial take profit at 1.10100.
Key Market Movements:
EUR/USD is currently trading around 1.1008, marking a modest 0.05% gain for the day.
The pair continues to follow a bullish uptrend, supported by positive momentum and favorable technical signals.
US GDP Growth Data:
The US GDP growth number for Q3 expanded by 4.9%, slightly below the market's estimation of 5.2%. This data influenced the market dynamics but did not deter the EUR/USD's upward trajectory.
Upcoming Focus on US Core PCE Report:
Investors are eagerly anticipating the release of November’s US Core Personal Consumption Expenditure Price Index (Core PCE) on Friday.
Projections suggest a 0.2% month-on-month (MoM) rise and a 3.3% year-on-year (YoY) increase. This data is expected to impact the pair's movements as traders assess the inflationary landscape.
ECB Statements and Market Sentiment:
European Central Bank (ECB) Vice President Luis de Guindos emphasized that it is premature for monetary policy to ease, expressing confidence in avoiding a technical recession in the Eurozone.
ECB Governing Council member Martins Kazaks indicated that the central bank intends to maintain current interest rates for an extended period, potentially pushing back the expected rate cut to mid-2024.
Technical Outlook and Targets:
The EUR/USD pair's bullish trend is evident in higher timeframes, presenting potential for a further uptrend.
Our second take profit target remains at 1.11500, providing an optimistic outlook for continued bullish momentum.
As the EUR/USD pair navigates key economic data releases and central bank statements, traders are advised to monitor developments closely, considering potential shifts in market sentiment and the impact on the pair's trajectory.
Our preference
Long positions above 1.08600 with targets at 1.10650 & 1.1150 in extension.
Short on EURUSD I am taking a short on EURUSD as we're hitting a previous resistance on the 4h timeframe.
