EURUSD Bullish on 4HR Market is in Up Trend and after Fib 50% retracement making a cup and handle patter its going to make an upside move again. It breaks its key resistance Level. You can take a Buy trade with proper risk management
Eurusdtrend
EURUSD 25-29 outlookwe were right about our last outlook and with that we will continue to the long side. i will keep farming this trend as long as it lasts and so should you.
as always dont enter without confirmation and size your position wisely
7 Dimension analysis for EURUSD🕛 TOPDOWN - Bearish Momentum in a Multi-Month Downtrend
Overview: The monthly and weekly analyses indicate a multi-month downtrend with the initiation of a current impulsive bearish move. The focus is on the daily timeframe for a detailed perspective.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Bearish impulsive move in progress, marked by a proper high.
🟢 Inducement: Completed.
🟢 Pull Back 1st: Deep pullback with a reversal and bearish momentum.
🟢 Internal Structure: Choch (Contraction) observed.
Ext OB mitigated, indicating a potential reversal.
🟢 Resistance/Supply/Distribution/Premier: Multiple indicators, including trendlines, suggest further downward movement.
2️⃣ Pattern
🟢 CHART PATTERNS
Raising Wedge breakout signals bearish continuation.
🟢 CANDLE PATTERNS
ey Considerations:
Record session count with a Change in Guard (engulfing) candle, a strong reversal sign.
Momentum signals, including strict engulfing and a last bullish FOMO candle.
3️⃣ Volume: Pivot points of fixed range volume show volatile reversal signals. Average volume during correction move reinforces the bearish bias.
4️⃣ Momentum RSI:
🟢 Momentum State: Sideways zone.
🟢 Range Shift: From bullish to sideways with a loud move.
🟢 Loud Moves: Bearish loud move observed.
🟢 Overbought/Oversold Rejections: Count of 3.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band provides support, but momentum suggests potential breakage.
🟢 Formation of a W pattern at the top of the move.
6️⃣ Strength: USD is stronger than EUR, adding to the bearish bias.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Supply area and extreme Order Block.
☑️ Candles Behavior: RSC, Momentum - both patterns are bearish.
☑️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell right now.
💡 Decision: SELL.
🚀 Entry: 1.08450
✋ Stop Loss: 1.1030
🎯 Take Profit: 1.0143
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:3.75
🕛 Expected Duration: 30 days
SUMMARY: The analysis strongly supports a bearish momentum, aligning with the ongoing multi-month downtrend. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
💡 EURUSD: Forecast December 19After falling sharply from the 1.10 resistance area and creating a bearish signal (rail pattern) on the daily, EURUSD had little fluctuation in the past session, with no significant changes. As mentioned, short-term rallies will give bearish bettors more advantageous entry points, you can wait to buy at the resistance zone.
EURUSD: The dollar is weakening amid rising expectations for a r
The dollar is currently volatile against most major currencies as market sentiment has been hit by expectations that the US Federal Reserve could start cutting interest rates. The exception remains the Japanese yen, which maintains its position against the dollar even after the Bank of Japan's decision to continue its expansionary monetary policy.
Fed officials sought to manage market expectations after last week's Federal Open Market Committee meeting hinted at the possibility of a rate cut in 2024. This outlook has led to a rally in financial markets, with current expectations based on the CME FedWatch tool putting the probability of a rate cut at the March Fed meeting at 67.5%.
Kyle Rodda, Senior Financial Markets Analyst at Capital.com, said the Fed now has to decide on countermeasures that could be consistent with market expectations or lead to market instability. said it is necessary to do so. Atlanta Fed President Rafael Bostic reiterated Tuesday that he expects two rate cuts in the second half of this year, but stressed there is no need to take immediate action. At the same time, Richmond Fed President Thomas Barkin noted that the central bank's ability to lower interest rates depends on economic development.
The dollar index, which compares the greenback against a basket of other currencies, was little changed at 102.20, after earlier falling more than 0.3%. The index hit a four-month low of 101.76 last week. Rodda also said that upcoming economic data will be important in determining the dollar's direction, indicating whether the expected rate cuts next year are justified. Investors are currently awaiting the release of the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, which could provide insight into whether inflation has slowed enough to warrant easing. may be provided. Will politics start next year?
#EURUSD: DXY will be dominate! this weekEURUSD will likely to drop due to strong sellers presence price bounced up on after FED decision led DXY to drop heavily. Due to a sudden price increase due to economic data, price left massive gaps in the market. It is very likely that before any further big move we can pick this intraday trade idea.
💡 EURUSD: Predicted December 18After approaching the target price range around the 1.1000 barrier, the price fell sharply in the past session, losing most of the previous session's gains and creating a rail pattern on the daily. This behavior shows that the price may peak at 1.1000. Expect the price to soon test the lower boundary of the down channel. However, those who want to reverse should wait after small rallies for a better entry if want to sell now.
EURUSD possible drop to support levelThe downward trend for EURUSD is anticipated to persist, having peaked at 1.10 last week before a rapid retreat.
The failure to breach this resistance level for the second time signals robust downward pressure against bullish movements. Although short-term corrections may occur in the upcoming week, the overall outlook favors a decline. The potential liquidity and turning point for EURUSD are projected to be around the 1.78 mark.
EURUSD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.08000.
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EUR-USD - WEEKLY TREND LINEEUR-USD - WEEKLY TREND LINE
This is an extra view for eur-usd in macro terms
#EURUSD: Waiting for the breakthrough! Dear Traders,
After the NFP data, it came out to be mixed new while number of jobless claimed released higher than expected and previous month data. We are expecting price to breakthrough the trend line and we can maximize 200 pips or more.
thanks for your support throughout it means a lot ;)
EURUSD: EUR/USD holds steady at peak, awaiting PMI data.The main movement of EUR/USD this week was driven by statements expressing the views of the Fed and ECB with a strong increase from 1.0800 to the important resistance level of 1.1000 yesterday.
This makes this currency pair face a rather interesting situation when Eurozone PMI data will be published this afternoon. Does the above data support the ECB's stance of "keeping interest rates higher for a long time"? Or will it pressure central banks to act faster next year?
Additionally, another factor to consider is the Fed's ability to cut interest rates. The odds of a rate cut in March are currently around 80%, so there won't be much room left to exploit this story on the USD side.
However, for the ECB, the rate of a cut in March is currently only 55%. Therefore, any change in this possibility will depend on upcoming data with PMI being reliable data in forecasting the economic outlook.
Another factor to note: Today is the options expiration date for EUR/USD at 1.0950. This price level will help the pair be more stable in case any downward pressure occurs.
EURUSD - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: As I expected in my previous analysis price made a retracement and almost filled the imbalance. Now we can see a rejection from bullish order block, so I expect bullish price action upcoming days.
Fundamental news: Upcoming week on Tuesday we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate in Europa. News with important impact on both currencies.
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#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.
💡 EURUSD: Waiting for FOMCThe buying force returned in the last session, and although it once surpassed the old peak around 1,081, it could not maintain above this price level, the selling force returned and created long candle shadows above, the behavior This price shows that there is still a significant struggle around this resistance level. You continue to observe to see if the price will break the upper or lower boundary of the range before taking action.
We can setup Buy limit . Stop loss is necessary
EUR/USD struggles to break the 4Hour resistance, have you sold?Hello traders and the entire Tradingview community! EUR/USD has spiked
during the data release. However, it has failed to break the dynamic
resistance on the 4Hour chart. In fact, we have a bearish rejection candlestick
at the 4H resistance as you can see in the chart.
It needs to be seen if it goes lower than the 1.0730 level, which would open
the door towards a further downtrend.
For now, selling the rallies is preferred in EUR/USD if price reaches towards 1.0820 again.
EUR/USD : Will it Fly or dive after FOMC?Hello traders and the entire Tradingview Community! Exciting FOMC event
coming up in a few hours. Even at this time of the year with low volumes, you
can still expect a lot of volatility and price movements during and after FOMC.
I am going to analyze EUR/USD without any bias here.
If you look at the daily chart, you will see that price is still above the 100-day
moving average which is a bullish sign. The area around 1.0740 which was previously
a resistance could work as a support now. If the support holds, and the Fed signals that
rate hikes are done for now, expect EUR/USD to go bullish.
A minor resistance lies around the 1.0830 level.
Note that I currently do not have any open positions in EURUSD.
💡 EURUSD: Forecast December 11After creating a bullish signal around 1,075, the price did not continue to increase but slid back down. It has now broken the support at 1,075 and created a new low. Although the long lower shadow shows that buying pressure has returned, this signal is not strong.
You can consider a SELL order. Stop Loss is necessary
💡 EURUSD: Next predictionThe price fluctuated low in the past session, continuing to fluctuate around the resistance level of 1,075 and has not created any significant signals. However, the downtrend is still safe, the bulls have not yet created outstanding points
You can Sell Scalp and set SL to avoid risks
EURUSD 13/12Pair : EURUSD ( Euro / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " a " Corrective Waves. Rejected from Daily Demand Zone. Strong Divergence in RSI. Making its " B " Corrective Wave that will completed at Previous Resistance or Fibonacci Level - 61.80%
Entry Precaution :
Wait for the Proper Rejection
EURUSD SELLHello, According to my analysis of the EUR/USD pair, the market seems to be in a negative state, especially with the break of the ascending channel. We also notice that the price returned to test the channel. There is also a strong correction on the Fibonacci golden ratio of 61%. Good luck everyone
EURUSD Technical Analysis And Trade IdeaThe EURUSD has shown a robust upward trajectory, subsequently experiencing a bearish shift in market structure. This video delivers an intricate breakdown of this trend, meticulously scrutinizing price fluctuations and uncovering potential trade prospects through comprehensive evaluations across weekly and daily timelines. Expect a comprehensive review encompassing price shifts, market patterns, trend assessments, and vital technical analysis elements. It's imperative to stress that the information shared here serves solely for educational purposes and should not be construed as financial counsel.
