Eurusdtrend
EURUSD: Dollar steadies ahead of CPI dataThe dollar index and dollar index futures were little changed during the Asian session on Monday.
But traders remain largely biased against the greenback ahead of key US inflation data later this week.
The CPI - released on Wednesday - will be closely watched, as it could influence the US interest rate outlook.
The dollar saw wild swings last week as mixed U.S. economic data raised questions about when the central bank will start cutting interest rates this year. However, while the US economy appears to have cooled in recent months, inflation is forecast to remain high.
EURUSD Daily setupHere we are again with a daily signal. I like to work with limit order to reduce the risk and have a better RR, and today i placed a sell limit order at 1.0801. Daily bias is bearish, and it's what i was looking for considering i am bearish on EU from some days. So, good chance to follow the main trend. Stoploss just above local top, targeting 1.078
EURUSD I Potential bullish rise Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
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💡 EURUSD: Analysis May 8After continuously creating bearish signals on the daily frame, around the upper border of the falling channel, the price began to fall again in the past session, the downward momentum is still continuing to be maintained this morning. The short positions are profitable, you continue to hold the position, the target will be around the 1.06xx threshold, keeping the SL above 1.08xxx.
EUR/USD Longs from 1.07400 up towards 1.08200EU shares a similar bias with GU, as they exhibit comparable movements. Therefore, I'll be focusing on potential buying opportunities this week, particularly from either the 6hr demand zone or the one just below it. Given the presence of an equal low beneath the initial demand, it wouldn't be surprising if this level is breached to reach the subsequent demand zone.
In the event that price doesn't reach these levels, I'll be monitoring for a wyckoff accumulation pattern to emerge. This would signal a buying opportunity, aiming for an upward move towards the major supply zone, mirroring GU's position. I anticipate this scenario unfolding around midweek, so we'll have to wait and see.
Confluences for EU Buys are as follow:
- Price has been bullish in the recent price action as you can see via the market structure.
- Two 6hr demand zones in close proximity has caused a break of structure to the upside.
- lots of liquidity in the form of equal highs above to target as liquidity.
- Unmitigated 2day supply that price needs to go towards.
- Dollar is also dropping so it makes sense with this bias. as they move opposite.
P.S. If price continues its upward movement, I'll identify a new demand area for potential buy positions. Alternatively, I'll wait for price to reach the supply zone to initiate sell trades from that point.
Lets catch these pips!
EURUSD Technical Analysis and Trade IdeaThe EURUSD is exhibiting a bearish sentiment on the weekly timeframe; nevertheless, there is a noticeable robust bullish trend observed on both the daily and the 4-hour timeframes. Notably, we witness a pronounced reaction at the weekly levels identified as resistance on the chart. Furthermore, we have identified a daily support level, marked as a potential target for a pullback and a prospective entry point for a long position. In the video, we thoroughly analyzed price action, market structure, the prevailing trend, and a plausible trading opportunity.
EURUSD Trading Plan - 08/May/2024Hello Traders,
Hope you all are doing good!!
I expect EURUSD to go Up after completing this correction.
Look for your BUY setups around the marked zone.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EUR/USD looks bearish, back to 1.06 again?Hello friends, Friday was a good opportunity to sell EURUSD as price spiked to the resistance level. From the daily chart, we can clearly see that the descending trend line resistance has stopped the price.
In addition, there is bearish candlestick formation at the 100-day EMA level. A combination of these two factors plus the bearish price action indicates that EUR/USD is on its way to 1.06 level. I have already sold on Friday and I will be looking to see again if price reaches the 1.0770 level.
EURUSD BUY IDEATECHNICAL
EURUSD is on very good buy zone for day trading.
We have impulse and nice slow correction to the zone.
Daily timeframe looks bullish too with 3 days slow move for correction.
On 4H timeframe this zone is very good support.
If the price form candle formation buy position will be great.
TP1 at 1.07880
TP 2 at 1.08126
Good luck to everyone
Let's look at the EURUSD answer sheet and buy and sellHello, friends. Nice to meet you
I hope you all have a good day
The candle is located inside the Ascending Broadcasting pattern and can be dip once more towards the RED line.
And if it get to the RED line, We expect to see a successful rebound and break through the Ascending Broadening pattern upper line.
EURUSD: The dollar steadied after a payrolls-led plunge, with maThe dollar index and dollar index futures both rose 0.1% in Asian trading after falling 0.8% last week. The greenback fell on weaker-than-expected non-farm payrolls data in April.
The data reinforced expectations that a cooling labor market will give the Federal Reserve more incentive to start cutting interest rates. CME's Fed rate tracker shows traders are increasing expectations for a 25 basis point rate cut in September.
EUR/USD SHORT TO LONG idea (towards 1.08200)My analysis for EU aligns with that of GU in terms of directional bias. I expect price to turn bullish from either of my demand points of interest (POIs), aiming to eventually mitigate the major supply zone within two days. This anticipation stems from the expected substantial reaction at the supply zone. While pursuing the buys aligns with a pro-trend approach, I plan to switch strategies once price reaches the significant supply zone.
Currently, the market remains bullish, prompting me to prioritize seeking buying opportunities near demand zones to drive price upward. The most intriguing opportunities for me lie within the demand zones on the 2-hourly, the 22-hourly below, and the two 4-hourly zones at the bottom.
Confluences for EU buys are as follows:
- Price has recently been in an uptrend, forming higher highs and higher lows.
- 2-day supply zone that needs to get mitigated eventually.
- Good demand zones left that price might pick up another bullish rally from.
- Liquidity to the upside as well as substantial imbalances that need mitigation.
- price has also recently broken structure to the upside once again to confirm the trend.
P.S. If the price maintains its upward trajectory, I will wait for it to decelerate and consolidate within my designated area. Upon closer examination, I've identified several refined zones, such as the 4-hour supply zone. In such a scenario, I won't rush but will instead wait for a thorough and significant mitigation before taking action.
Have a great trading week guys!
EURUSD Following the planEURUSD is perfectly following my plan. I closed my first short for around 30 pips gain and i am now waiting for a confirmation to enter again. My idea is to wait till 11 AM NY time, i want to see if US session can bring us some volatility. If there i will see a bearish pattern, i will enter short again targeting the 1.06 area. Invalidation above the black line at 1.07350
EUR/USD Weekly prediction setup Institutional tacticsHello traders this a weekly swing setup prediction in EURUSD
1/3 Risk reward trader
The strategy ; Instituional tactics
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EURUSDDear Traders,
We have witness change in price action, our bias remain same although now we are looking at the different area from where we can take entry. The first area is identified on the chart as 'entry' and then there are three areas to set 'take profit'. For stop loss it is up to your own risk management.
Remember, do your own research too, and only take if it matches your own chart analysis.
EURUSD Waiting for a short entryI see a main bearish trend for EURUSD. I drawed a possible bearish flag and a resistance area at 1.07500. If this area will hold, i think the bearish trend is still strong and i will wait for an entry as soon as we will break below the flag. First target for the short 1.05500
EURUSD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 1.08500.
Fundamental news: Upcoming week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis.
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