Get started

Eurusdtradeidea

EURUSDTitle: EURUSD Positional Trade: Bullish Structure Developing Above 1.08256 Hello traders! 📈 I would like to share a potential positional trade opportunity in EURUSD with you. The current market structure indicates a shift towards a bullish trend, and I believe there is potential for further upside movement. Entry: Buy above 1.08256 Support Level: 1.08256 Targets: 1) 1.08462 2) 1.08712 3) 1.08952 4) 1.09329 By setting a buy entry above 1.08256, we aim to capitalize on the developing bullish structure in EURUSD. Remember to exercise proper risk management and adjust your position size accordingly. Disclaimer: Trading involves risks, and past performance is not indicative of future results. Please conduct your own analysis and consult with a financial advisor before making any investment decisions. Happy trading! 🚀💰 #EURUSD #ForexTrading #PositionalTrade #BullishStructure #TradingView
Long
by arpitjain11
EURUSD: Next goalFundamental Overview Despite the bets for more rate hikes by the European Central Bank (ECB), the shared currency, EUR/USD, is not getting any respite. ECB President Christine Lagarde has warned that stubbornly high inflation needs to be curbed, and there are factors that can cause significant upside risk to the inflation outlook. However, this announcement does not impress investors or support the EUR/USD pair. Investors are now waiting for the ECB Bulletin for some impetus, while keeping an eye on Fed Chair Jerome Powell's appearance later this Friday. EUR/USD holds gains above 1.0800 amid weaker US Dollar, yields Plan trade in the intro
Long
by Sphyn-Trader
3
EURUSD one more upside leg coming EURUSD Analysis: Oversold Conditions Suggesting Potential Rebound The EURUSD currency pair has recently been displaying signs of being oversold on both the weekly and daily timeframes. This indicates that the selling pressure on the pair has been excessive, potentially setting the stage for a significant rebound in the near future. On the weekly timeframe, the EURUSD has been in a downtrend, with the price steadily declining over the past several weeks. This downward movement has pushed the pair into oversold territory, as indicated by technical indicators such as the Relative Strength Index (RSI) and the Stochastic oscillator. These indicators measure the strength and momentum of price movements and provide valuable insights into overbought or oversold conditions. The RSI, for instance, measures the speed and change of price movements and ranges from 0 to 100. A reading below 30 is considered oversold, suggesting that the selling pressure may have been excessive and a reversal could be imminent. Similarly, the Stochastic oscillator compares the closing price of an asset to its price range over a specific period, indicating potential overbought or oversold conditions. When the Stochastic oscillator drops below 20, it signals that the asset is oversold. When analyzing the daily timeframe, we observe a similar pattern. The EURUSD has experienced a downward trend with successive lower highs and lower lows. This consistent decline has also pushed the pair into oversold territory, raising the possibility of a price correction in the near term. Considering these oversold conditions on both the weekly and daily timeframes, traders and investors may anticipate a reversal or bounce in the EURUSD pair. If such a rebound occurs, it could lead to a substantial upward movement in the exchange rate. Identifying potential target levels for the rebound, we can look at key support and resistance levels or previous price levels of significance. Target 1 could be set at 1.117, which represents a previous support level that could now act as resistance. If the pair manages to break through this level, it could open the door for further upside potential. Target 2, on the other hand, might be set at 1.134, another notable resistance level where price could encounter significant selling pressure. Reaching this level would indicate a more substantial recovery for the EURUSD pair, potentially providing profitable trading opportunities for those anticipating such a move. However, it's important to note that market conditions can change rapidly, and technical indicators are not foolproof. Traders should always employ risk management strategies and consider multiple factors, such as fundamental analysis and market sentiment, when making trading decisions. In conclusion, the EURUSD currency pair currently exhibits oversold conditions on both the weekly and daily timeframes. This suggests that the selling pressure has been excessive, potentially paving the way for a significant rebound in the near future. While target levels of 1.117 and 1.134 can be identified, traders should exercise caution, use risk management techniques, and consider other factors before making trading decisions.
Long
by EIP-EverythingIsPlanned
EURUSD: downtrend!Technical Overview The EUR/USD has been showing a negative trend since May 5, and Monday's slight improvement has not changed this trend. The immediate resistance level is at 1.0900, which is a horizontal level and the EMA-34 in 4-hour charts. If the Euro manages to go above this level, it could reduce the bearish pressure. However, to change the short bias from bearish to neutral/bullish, it must cross the downtrend line that is currently at 1.0950.
Short
by Jiren-SphynChannels
EURUSD: Entry sell!Fundamental Overview Mario Centeno, a member of the ECB Governing Council, stated on Wednesday that the policy will continue to be strict for a while longer but indicated that interest rates ought to begin to decrease at some point in 2024. According to Bloomberg, some members of the ECB are suggesting that a rate increase may be necessary in September. This situation implies that there will be rate increases in both June and July. Predicting continuation of downtrend
Short
by Sphyn-Trader
3
EURUSD: Buy EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears. If it can get support around 1.096, it will try the resistance around 1.098 again. The probability of breaking through is relatively high. The upper target is around 1.10, so my trading signal is to go long. Trading Signals: buy: 1.096-1.095 tp: 1.099 sl: 1.094 sell: 1.101-1.103 tp:1..099 sl:1.103 Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Long
by Roey_
2
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - University review euro market operates without sentiment. And connecting online, it is possible to create a positive feeling with positive emotions. NFP report. FOMC mobile phone. Increase the feeding rate and increase the ceiling rate. Necessary meeting is underway to monitor federal inflation data. - Market structure EuroUSD review 1.0836 support level review. There is a market bias for the euro university market. - EURUSD 1.1200 level structure online. Market sentiment shares and commodities sell below EURUSD. So pay attention to it
by benny_marshall
EURUSD: Your good position buy!Fundamental Overview Largade & Co's assessment that present financial conditions do not demand an immediate liquidity response is a favorable viewpoint. The policy rates in the rates and FX markets have a clear direction of travel, but it is now reliant on certain conditions. It is improbable that the policy rates have already reached their maximum point at 3.00%, which indicates that the EURO may strengthen on the crosses and possibly escalate on the FED pause. Plan in the intro
Long
by Sphyn-Trader
1
EUR/USD Maintains Auction Area above 1.1000 Amidst Risk-On MoodThe #EURUSD pair is currently trading in a sideways trend above the critical support level of 1.1000. The US Dollar Index (DXY) is also looking vulnerable above 101.20, indicating a possible uptrend for #EURUSD. Last week, the European Central Bank (ECB) announced an interest rate hike of 25 basis points (bps), and the ECB President, Christine Lagarde, kept the doors open for more interest rate hikes. This announcement has a comparatively more hawkish bias than the Federal Reserve (Fed). The US Consumer Price Index (CPI) data, which is expected to release on Wednesday, is the focus for investors after the United States Nonfarm Payrolls (NFP) report. Annual headline CPI is expected to soften to 4.4%, while the core CPI is seen accelerating to 5.8%. The #EURUSD pair has formed a Double Top chart pattern, which will get triggered only after slipping below the immediate support of May 02 low at 1.0942. However, the pair is showing signs of an upside momentum as the Relative Strength Index (RSI) (14) has shifted into the 40.00-60.00 range. TRADE IDEA DETAILS CURRENCY PAIR: #EURUSD CURRENT TREND: Sideways TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: 1.1035 ✅TAKE PROFIT: 1.1185 ❌STOP LOSS: 1.0942 #EURUSD #USCPI #ECB #InterestRateHike #DoubleTopChart #Inflation
Long
by RichDadph-FX