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Eurusdtradeidea

EURUSD Analysis BULLISH Trend (4H-TF)EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for more than 40 day. It seems it will be going in bullish trend in upcoming week. trade might take 10-15 days to achive the target. Reason : Bullish Enugelfing candle from Strong Support level. Taking support at support zone of 1-D timeFrame. Very heavy volume takeover by bulls from fakeout to inside Zone. Verdict : Bullish trend seems to start Plan of action: Buy: 1.05968 SL: 1.05140 Target: 1.09893
Long
by finnova_
EUR/USD looks set to extend its countertrend moveEUR/USD has managed to retrace further from its YTD low during Thursday’s Asian session, and it looks set to extend its countertrend move (assuming yields retrace lower). A bullish RSI divergence formed ahead of the recent lows, and momentum has turned higher, and it looks like EUR/USD now wants to reach for the 1.05570 – 1.0600 level, near the weekly pivot point, trend resistance and 1.0600 handle. Beyond that, we can reassess its potential to either continue higher or form a swing high and revert to its bearish trend. Given the dominance rising yields have had on market in general in recent weeks, it really is down to how the bond market performs as to what we see here on the euro chart.
Long
by CityIndex
Potential Short on EURUSDPrice has broken the 1.05100 area, a retest of that same zone and its rejection to confirm continuation will be a good entry point. Be sure to see the rejection of zone and the continuation Better to let market tell you its flow and you respond to it rather than attempt to predict it. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Short
by Mbjoey
2
EURUSD: A complete analysis!EURUSD EURUSD hit rock bottom on Wednesday when it dropped to 1.0487 lowest since early march, this is all because of investors continue to be more interested in US DOLLAR. However, after analysing we find out that there few key economic factors that may play a huge role in the future of this pair. If ECB conveys tough message against inflation, this will ultimately divert investor to have an alternative option to USD presence. However, recent actions from ECB shows that ECB are more worried about inflation itself and does not show any strong action of fighting against it whereas DXY remain more strong and trustworthy due to FED strong testimony of fighting against the inflation. Furthermore, the recent market sentiment weighed on US Dollar, recent economic data proves the economy is fast paced growing whole Jobless claims came in lower that expected at 204,000.However, ECB comments on EUR had minimal impact on the currency and experts believe there will be no price hike in October and December. So what’s our long term view, we believe price will continue to fell until next year,there will some sort of corrections that will occur in the market but ultimately it will be the sellers who will have the impact. Like our work? Then please like and comment your views let’s make the community knowledge by sharing pov with each other
Short
by Setupsfx_
21
EURUSD SHORT I'm looking for short opportunities on EURUSD at the moment. We've been downtrending since mid July, the market has been working its way down taking out lows from July, June and May. I see one more prominent target EURUSD would push for if the downtrend continues and that would be the bottom seen in mid March around the 1.05200 area. Thats where I'll be looking to take profits after price retraces back into the 1.06900 zone. Good luck traders, let me know you thoughts on EU!
Short
by CollectCap
EURUSD Trade IdeaThe EURUSD has currently reached a crucial support level after a significant downtrend. It is now apparent that the price is over-extended, suggesting a potential retracement in the near term. Our strategy involves opening a short position if the price retraces into our predefined sell zone. I typically take a conservative approach to position sizing, allocating around 0.2% of my account balance to each trade, with a maximum exposure of 2% at any given time. Please keep in mind that this information should not be interpreted as financial advice, as trading carries substantial risks. It is crucial to prioritize the implementation of robust risk management strategies.
Short
by fxtraderanthony
EUR/USD: Bearish OutlookIn the past week, despite my initial interest and expectations for a downward movement in the EUR/USD following the FOMC meeting, the currency pair did encounter a notable rejection from the area of interest but failed to gain the desired momentum towards the downside. Furthermore, it concluded the week with a close above the 1.06347 level, which has led to a reduction in my enthusiasm for the EUR/USD pair in the upcoming week. Noteworthy is the fact that it had already completed a 140-pip initial move followed by a subsequent 60-pip move. Nevertheless, as we look ahead, my sentiment is inclined towards a bearish outlook for the EUR/USD, contingent on its ability to maintain levels below 1.06636 and exhibit a significant structural break on the hourly or 4-hour charts. In my assessment, the occurrence of such a development could set the stage for the EUR to address its unresolved agenda, specifically targeting the March low. In summary, my preference for the upcoming week continues to lean towards a bearish stance on the EUR/USD pair, taking into account the recent price dynamics and evolving circumstances
Short
by Crypto_Byte9
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EUR/USD Faces Downward Pressure Amid Strong USD MomentumThe EUR/USD has shown a bearish momentum, backed by both technical and fundamental factors. The currency pair has been on a decline, marked by its positioning below the critical 200-day SMA. SocGen's prediction about the pair possibly reaching parity and HSBC's prediction of USD strengthening further support a bearish sentiment. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Bearish TRADE SIGNAL: SELL 👉ENTRY PRICE: 1.0615 (current price, but would ideally wait for confirmation of a break below this level) ✅TAKE PROFIT: 1.0516 (March low, and then potentially 1.0481 if it breaks the March low) ❌STOP LOSS: 1.0665 (A slight buffer above the current level to give the trade some room) FINAL THOUGHTS: Given the current scenario, a sell trade on the EUR/USD seems favorable. However, like any trade, it's essential to manage risk and keep updated with global economic news that can influence currency movements.
Short
by RichDadph-FX
1
EUR/USD falters around its 2023 open price, ahead of FOMCYes, EUR/USD has fallen to a key support level around the May low. And that will likely deter some bears around current levels from entering short (depending on their timeframe). But given the potential for for the Fed to deliver a more hawkish message than money markets are pricing in whilst the ECB suggest they are done tightening, we're not discounting the potential for EUR/USD to break lower. The daily trend remains bearish and a shooting star formed following a 2-day retracement higher. Its high perfectly respected a 61.8% Fibonacci retracement level before the day closed back beneath 1.070. But what has really caught our eye is that prices also faltered around the 2023 open price. And that means the euro really has gone nowhere this year, and the market is paying attention to that open price. Given the corrective price action on the 1-hour chart, we'd prefer to fade into move up towards or around 1.0700 for a move back towards those lows. The bias remains bearish below 1.0730 (although keep in mind extra levels of volatility around the FOMC meeting can mess with such levels before the real move begins).
Short
by CityIndex
1