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Eurusdtrading

EURUSD Where to next?Looking at the charts on the weekly TF, price is attempting a retest on the previous support already broken. If it holds as a new found resistance we just might see price push lower on $EURUSD. For now, I'd rather wait to see the way price will choose to move. Key area in focus is 1.06964 Happy trading. Follow and like for more. Thanks 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
by Mbjoey
EURUSD: Medium term buy opportunity.EURUSD was rejected on the 1D MA50 and turned into a sell that hit our target and the bottom of the Channel Up. Now that 1D is neutral again technically (RSI = 48.387, MACD = -0.002, ADX = 24.654) and the 4H MACD formed a new Bullish Cross (every Channel Up bottom has been formed on one) we can buy again and aim for another +1.85% rise (TP = 1.07150). A crossing over the R1 level (1.07375) would be bullish on the long term and target the 1D MA200. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURUSD getting weakerWeekly key level around $1.07. In long term EURUSD buyer seems like not so interested, as the choppy movements showing on H4. Minor resistance is so close between the H4 waves indicates weak buyer, the movements almost flat. Strong movements is when the price move rocketing steep no retracement with small "pause" which SMC trader usually called them as "rally base rally" or RBR. But since the 1st wave after H4 "choch", there is no "RBR" formed in H4 structure. Even inside H4 waves showing price have to build some other smaller waves to keep push the price up. Now it's in 4th waves. If observe carefully, it's build up rising flag pattern which usually the sign of downtrend will continue. I expecting will massive drop after 5th waves complete. If Euro "want" to still continue upward, then it need strong fundamental data to support it to go beyond key level $1.07.
Short
by UnknownUnicorn33119711
EURUSD: Crossed over the 3 month LH, testing the 1D MA50.EURUSD turned bullish on the 1D timeframe (RSI = 56.634, MACD = -0.002, ADX = 25.303) as it made a major breakout by crossing above the LH trendline that originated on the July 18th High. The current short term Channel Up is about to test the 1D MA50 for the first time since August 11th. If it closes the 1D candle over it, we will buy and target the 1D MA200 (TP = 1.0800). On a different occasion, we will buy near the bottom of the Channel Up and target the R1 level (TP = 1.07375). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURUSD: Time to turn bullish again?EURUSD is up almost +1.80% since the October 3rd low and the 1D technical outlook switched back to a neutral state (RSI = 48.454, MACD = -0.004, ADX = 28.741). The 1D MACD is after a Bullish Cross and that's typical of the last two market Lows turned into bullish reversals. To be more precise, both of those patterns formed W-reversals before testing the 1D MA50. Consequently, we expect a pull back now, that will be a buy opportunity targeting the 1D MA50 (TP = 1.06850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
3
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: High probability sell signal.EURUSD is having a Double Top rejection on the 4H MA50, always within the tight borders of the middle July Channel Down. The 1D technical outlook is bearish (RSI = 32.644, MACD = -0.008, ADX = 39.390) and that's all that matters right now as it sets the bearish pace inside the Channel. Out of a 5 similar rejection sample inside this Channel, four have delivered a new Low. The lowest % decline has been -1.21%. Based on that, we are short-term short, aiming at the S1 level (TP = 1.04875). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURUSD decreased and recoveredThe dollar starts the week slightly lower, with the DXY dollar index down 0.1% at 106.10, but the falls aren't convincing enough to look like they could mark the start of a downward trend, analysts at UniCredit Research say in a note. "We remain skeptical that a shift in sentiment has occurred," they say. The dollar's falls on Friday could simply represent position adjustments on the final trading day of September. "After all, the dollar index (DXY) is still at around 106 and EUR/USD remains slightly below 1.06, even though lower-than-expected preliminary eurozone CPI data for September failed to affect the common currency." EUR/USD trades flat at 1.0586. OANDA:EURUSD SELL 1.0567 - 1.0577 🔽🔽 ✔️TP: 1.0527 ❌SL: 1.0600
Short
by FalCol_TradingMaster
1
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 Technical Analysis and Trade IdeaAnalyzing the EURUSD currency pair, we've detected a significant development: it has now reached a crucial support level following a substantial bearish trend. At this juncture, it becomes evident that the price is overextended, potentially indicating an impending retracement. In the accompanying video, we provide a comprehensive exploration of essential factors, including price action, market structure, and critical aspects of technical analysis. It is crucial to emphasize that the information presented in this content serves purely educational purposes. It should never be interpreted as financial advice. Hence, it remains of utmost importance to exercise prudent risk management strategies when engaging in trading activities.
Short
by fxtraderanthony
4
EURUSD might fallEURUSD flirting on resistance price zone at €1.08 but also still on support trendline daily. Usually, based on price behavior (human psychology, maybe?), selling is stronger at below exact round number (below € 1.10), so I'm bearish for this pair. If it fall, target@TP1 should at €1.06 (200 pips), TP2 €1.04 (400 pips) and TP3 €1.02 (600 pips). Waiting for it to break recent swing low for bearish confirmation before take sell. What do you guys think?
Short
by UnknownUnicorn33119711