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Eurusdtrading

EURUSD: Consolidation ahead of more sellingEURUSD will most likely close flat today, a price action which is accurately depicted on the neutral 1D technicals (RSI = 51.556, MACD = 0.003, ADX = 38.804). On a wider horizon, this neutrality is a technical consolidation before the next phase of the bearish wave that started on the December 28th High. This chart shows that the whole 2023 has been a Channel Down pattenr of LH and LL. As all prior bearish waves, we expect this one to hit and marginally cross the S1 level at least (TP = 1.07245). A potential crossing under the 1D MA50 next week, will validate this scenario. See how 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. ##
Short
by InvestingScope
EURUSD: Channel Up started its pull back.EURUSD is about to turn neutral again on its 4H technical outlook (RSI = 55.947, MACD = 0.003, ADX = 54.703) as the uptrend got rejected today near the top of the two month Channel Up. As the 1D RSI is forming the same Bearish Divergence as the November 28th HH, we turn to selling again as this is technically the Bearish Wave of the Channel Up. The previous HL was formed marginally over the 0.618 Fibonacci level, we aim at a similar symmetrical target (TP = 1.0900). See how 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. ##
Short
by InvestingScope
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
Long
by Hassan_fx
EURUSD: Confirmed Sell signal.EURUSD is technicall bullish on the 4H outlook (RSI = 59.390, MACD = 0.002, ADX = 51.118) but had a Double Top rejection on the R1 level (1.10200) on Thursday and is pulling back. The 4H MACD Bearish Cross is validation of the the short signal and the immediate target is the HL trend-line (TP = 1.07850). If the price crosses under the S1 level (1.07250), we will sell again and target the S2, even S3 levels. See how 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. ##
Short
by InvestingScope
#EURUSD: Possible short term selling opportunity! Hey Everyone, DXY will be volatile this week due to NFP and other strong data coming out from Wednesday to Friday market will be too volatile and keeping that fact in mind we think EURUSD may be bearish. Wait for price to come to red designated area so that we can enter short there. Once entered keep stop loss small and to you risk management. Target will be divided into two, close half of the position at target one and keep the rest of the position running for price to reach our target two. If you like our work and analysis, please like the idea.
Short
by Setupsfx_
8
EURUSD: Sell the spike, under the 1D MA50 targeting 1.06110.EURUSD is neutral on the 1D timeframe (RSI = 45.323, MACD = 0.002, ADX = 35.660), trapped inside the 1D MA200 and 1D MA50. We have grasped the bearish momentum ever since before the November 29th High, which as you see in the past ideas at the end, gave us the best short entry possible. Now with the Fibonacci retracement levels of the eleven month Channel Down even clearer and the RSI on the neutral zone where it gets sold, we have the opportunity to add an extra short position as close to the 0.382 horizontal Fibonacci as possible and target the 0.236 Channel Fibonacci (TP = 1.06110) like May 31st and September 14th. See how 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. ##
Short
by InvestingScope
4
EURUSD: Under the 4H MA50 confirming a sell extension.EURUSD crossed yesterday under the 4H MA50 for the first time in 1 month and naturally turned the 4H technical outlook bearish (RSI = 35.006, MACD = -0.002, ADX = 40.444). Combined with the Bearish Cross on the 1D timeframe, this is a medium term sell signal. This combination has taken place before inside 2023 another two times and on both, the 4H MA200 wasn't enough to provide Support, not even the 1D MA50, which got targeted with relative ease. All declines happened inside Channel Down structures. Consequently this is a technically validated level to short the market. We aim for a contact with the 1D MA50 (TP = 1.07200). See how 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. ##
Short
by InvestingScope
Morgan Stanley and BofA’s 2024 EUR/USD Predictions Morgan Stanely has released what they call their top trade for 2024, and it is the exact opposite of Bank of America’s call. Analysts at Morgan Stanley think selling EUR/USD around the current level of 1.10 is the trade to make next year, with a target for the pair reaching parity by the end of the first quarter of 2024. This outlook relies on sustained economic performance of the US. They also believe that technical recessions in the eurozone, Sweden, and the UK are expected to lead their respective central banks to initiate rate cuts in the second quarter of 2024. Selling Swedish krone (which has become a top ten traded currency recently) and the British pound might also be options for 2024 too, but this was not explicitly stated by the bank. On the other hand, Bank of America has suggested that shorting the USD is the trade to make, particularly against the Euro and South African Rand. BofA sees the potential falling interest rate in the eurozone increasing the attractiveness of euro-based stocks and other investments.
by BlackBull_Markets
EURUSD: Top of the Channel. Sell signal.After turning overbought on the 1D time-frame (RSI = 68.344, MACD = 0.008, ADX = 40.692) EURUSD made a HH at the top of the November Channel Up and got rejected. We expect a pullback all the way to at least the 4H MA50, and as it is confirmed by a MACD Bearish Cross, we are already short and targeting a little over the bottom of the Channel Up (TP = 1.08425). See how 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. ##
Short
by InvestingScope
EURUSD: Above the 1D MA200 2.5 months.The EURUSD pair reacted extremely positively on the lower than expected U.S. CPI, naturally so and crossed over the 1D MA200 for the first time since September 1st. The 1D technical outlook is almost overbought (RSI = 69.156, MACD = 0.004, ADX = 16.674) and even though some relief pullback is to be expected, this rally should complete by the end of the month a +5.55% rise from the bottom. This is our short term target (TP = 1.10215), which is at the top of the Channel pattern. See how each bullish leg rises on a 1D RSI HL trendline and is almost of the same range (+5.55% and +5.98%). Technichally, if no bullish fundamentals distort this pattern, the pair should get rejected there and pull back to S1 (TP = 1.0655) early in January. See how 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: Still bullish but 1D MA50 pullback eyed.EURUSD hit all of our targets (charts at the bottom), made a HH at the top of the Channel Up but even though it crossed above the R1 level (1.07375) it failed to close over it and got rejected. The trend remains bullish on the medium term, as the 1D technical outlook suggests (RSI = 58.604, MACD = 0.001, ADX = 24.656) but we do expect a technical pullback to test the strength of the 1D MA50. If the trend has indeed shifted from bearish to bullish, then the pair should close the 1D candles from now on over the 1D MA50. Additionally, the 1D RSI's HL trendline can offer Support. We are expecting a rebound around 1.06300, targeting the 1D MA200 and a new HH on the Channel Up (TP = 1.07900). 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: Bullish short term but foggy long term outlook.EURUSD is neutral on the 1D timeframe (RSI = 52.933, MACD = -0.001, ADX = 25.234) as despite having made a clear bottom on October 3rd, a month has passed and still hasn't been able to close over the 1D MA50. In fact (including today), it has been rejected three times and despite crossing it, it failed to close the 1D candle above it. The two medium term rallies prior to October (March and June) have been far more aggressive but the duration has been similar on both (48-50 days). The 1D MACD Histogram along with comparing where the price is, relative to the previous rallies (0.618 Time Fibonacci level), shows that technically there might not be much time or room for the price to move upwards. Nevertheless, with the formation of the 4H Golden Cross, which has delivered a Higher High on both previous rises, a closing over the 1D MA50, will be a buy signal for us, targeting the R1 level (TP = 1.07375). Beyond that we can't be very optimistic for the pair. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope