190 pips potential buy on EURUSDPrice is currently in a channel in the 4hrs timeframe as in my chart, if the channel holds around 1.083 we can see see the pair going north to 1.102 zone giving around 190 pips profit...
Eurusdtrendanalysis
EURUSD UpdateAs per my technical analysis I see that EURUSD pair entered a down trend which will be going down til 1.07
Be aware of your risk management
This is not a financial advice its just my analysis and opinion
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#EURUSD 1DAYEUR/USD 1-Day Chart Analysis:
Pattern: The EUR/USD currency pair is forming a channel pattern on the 1-day chart. This indicates that the price has been moving between two parallel trendlines, where the upper trendline acts as resistance and the lower trendline acts as support. The pattern suggests that the market is in a consolidation phase with no clear breakout direction yet.
Forecast: Sell. Given the current market structure, the EUR/USD appears to be closer to the resistance of the channel, which often provides opportunities for short-selling. A bearish reversal at the top of the channel could lead to a downside move towards the lower trendline. Traders might look for bearish signals such as a rejection of the upper trendline, decreasing momentum, or bearish candlestick patterns before entering a short position.
Risks: A breakout above the upper trendline could invalidate the sell signal and suggest potential upside. Therefore, it is crucial to monitor the price action closely around key levels.
#EURUSD 1DAYEURUSD Daily Chart Analysis
Trade Recommendation: Sell
Sell Level:1.10800
Target Level : 1.09750
Overview:
The EURUSD currency pair is currently poised for a potential downtrend according to the latest daily chart analysis. We recommend entering a sell position at the level of 1.10800, which aligns with key resistance and shows signs of a potential reversal.
Target Level:
1 Target Level: 1.09750 This level represents the anticipated downside target where the price is expected to find support or experience a rebound. This target reflects a reasonable expectation based on recent price action and technical indicators.
Strategy:
Enter the sell position at 1.10800 with a stop-loss set above the recent resistance to manage risk and protect against adverse price movements.
- Monitor the price action as it approaches the target level of 1.09750. Consider adjusting your stop-loss or taking profits if the price shows signs of reversing near this target.
Outlook:
The bearish outlook is supported by recent trends and technical signals suggesting a potential decline. Stay updated with market news and economic events that could impact the EURUSD pair, and adjust your strategy as necessary.
Feel free to refine this description based on any additional insights or analysis you may have!
EURUSD BULLISH FOR THE MONTH in my view this is the likely move of September New Monthly Candle. share with me your opinion i am still waiting for the grand target Previous YEAR HIGH.
EUR/USD Shorts from 1.11000 back down to demandPrice action for EUR/USD is very similar to GBP/USD (GU). If GU continues rising to mitigate that deeper supply, it aligns with the 1.11000 level in the 20-hour supply zone for EUR/USD. I expect the bullish pressure to gradually die down and for price to eventually mitigate this supply. Therefore, I don’t expect a major move on Monday, but this scenario could play out over the week.
If price sells off from the 20-hour supply zone, I will then wait for scenario (B), which involves the mitigation of the daily demand that caused a break of structure to the upside. There's also a refined version of this demand on the 19-hour time frame, which looks promising for buys to continue the bullish trend.
Confluences for EUR/USD Sells:
- Bullish pressure is getting exhausted, suggesting a potential retracement.
- There is a lot of liquidity below, along with imbalances that need to be mitigated.
- This outlook aligns with expectations for the DXY to rise slightly.
- This is a counter-trend short-term trade with the goal of eventually rejoining the pro-trend.
P.S. If price reacts to the current imbalance and goes back down, I will look to enter buys to take price back up to the supply zone. However, buys are favorable due to the current bullish trend.
EURUSD SHORT WE got a nice failure to launch higher after we close a 30 min fvg breaking the support level i feel we can go for a deep now i'm in a short position to 1.10250
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis
The price of D1 can implement a 3-wave structure; cancellation of the idea can be considered if the maximum of the 2nd waves is rewritten. Globally targets to 1.06300. It is also worth considering that the 3rd wave on W1 was unable to continue its growth, which may lead to an ABC correction on D1 and a continuation of the upward movement. To enter, you can also wait for the 3-wave structure on H4. Local goals - lower bound.
Target 1.08060 - 1.06300
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis
At W1, a 3-wave structure begins, which may indicate a strong potential for upward movement. Globally to levels 1.13820. It is worth noting that on B1 the price is overbought and there has been no correction, that when opening positions, you should expect a corrective movement and increase the volume. Enter the market with a target of 1.13820. Cancellation of the idea when the price is fixed at 1.07980
Target 1.10830 - 1.13820
EURUSD finally finds support on the trendlinesIdea No : 07
our last 6 ideas were spot on (check them on our profile), let's talk about 7th
EURUSD is in the declines for a few days now and it is staring to show some support near our trendlines on H4
we also moving towards oversold areas and weekly ATR is also very close
therefore, expect it to follow our green arrow in the near term
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis
Look away from the tool with global criminals. Let's consider the local trading option.
Continuing the downward movement, you can see an ABC correction; the trend line has already been broken, which may begin to move to the level of 1.06. in continuation of the 3 wave structure on D1. You should also be more careful in the news background if the correction continues.
Target 1.06600 – 1.06100.
EURUSD EVERYDAY TRADE SETUP 4HDear All,
This my idea for Short. EURUSD collect BUY side liquidity. NOW market on the OB ready for short .
this is my ideas only. what you are flow your trading statistics you can continue.
you need more my ideas. follow me.
EURUSD - Long Term analysisI wuold like share my long terms idea on EURUSD.
The cross has broke the channel long after top on 1.115
Probably we are on ABC structure and in a short channel (in red)
IF we are in ABC structure probably we will be in wave C final
From my point of view we have completed the first and second wave of C and for the next week we can have the final 3 and 5 wave with first target target 1.06 and second target 1.03 and final value 1.
EURUSDBased on the technical and fundamental analysis, the EUR/USD pair appears to be biased towards the downside, given the prevailing downtrend and monetary policy divergence between the Fed and ECB. Traders should remain vigilant of key support and resistance levels, as well as upcoming economic events and geopolitical developments, to make informed trading decisions. As always, proper risk management strategies should be employed to mitigate potential losses.
Expectations for the EUR/USD Market from May 16, 2024, to July 2Expectations for the EUR/USD Market from May 16, 2024, to July 26, 2024
May 16, 2024:
The EUR/USD pair is expected to start at 1.08966.
May to July 2024:
The market is anticipated to experience a decline, reaching 1.05101 by July 26, 2024.
Stay updated with our forecasts to navigate the EUR/USD market effectively.
Keywords: EUR/USD forecast, EUR/USD trends, euro to dollar prediction, EUR/USD analysis, forex market outlook, EUR/USD decline, forex trading, EUR/USD May to July 2024, currency market analysis, EUR/USD predictions July 2024.
Feel free to share your thoughts and join the conversation on the EUR/USD market outlook.
EUR/USD Shorts to Longs ideaMy EU analysis this week focuses on shorting opportunities. I will look for sells either from the 6-hour supply zone near the current price or, ideally, from the 11-hour supply zone if the price breaches the Asian high and continues upward.
If the price opens lower, I will look for buying opportunities at the 4-hour or 3-hour demand zones. Once the price reaches these demand zones, I plan to buy up toward the supply zone, as we are still in a short-term bullish trend indicated by the recent break of structure to the upside.
Confluences for EU Sells are as follows:
- 11hr supply zone has caused a break of structure to the downside and nearby 6hr supply.
- The overall trend on the higher time frame is bearish and the dollar is also overall bullish.
- Price has already mitigated 4hr supply might be a start of a bearish trend.
- Bullish pressure is getting exhausted after the bullish rallies we saw last week.
- Clean 11hr supply that has an imbalance that we could see a clean reaction from
P.S. Since the price is between liquidity zones, I will approach these nearby areas with caution and may lower my risk until the price reaches more favourable extreme zones where trades will be more worthwhile.
Have a great trading week!
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.
Please follow me and like if you agree or this idea helps you out in your trading plan.
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 - PRICE DOWN FALL TILL 1.08365 MARKED LINE its time sell EUR USD prie down fall till 1.08365 make a sell trade after restest as shown in the picture, follow for live updates @FOREX_TRADER_007
EUR USD PRICE - NEED TO BALANCE THE LIQUIDITY AT RESISTANCE ZONEHELLO TRADERS have a look of EUR USD price need to BALANCE the
LIQUIDITY which is IMBALANCED ZONE in the up ward direction,we can see that at 4h time frame from the past price in the up ward direction all the LIQUIDITY got FILLED, now its time to break the DOWN TREND LINE after that wait for the pullback then 1st target is 1.09134 nd 2nd target is 1.09952 nd 3rd target is 1.10882 , FOLLOW FORE LIVE CONTENTS
EURUSD BUYGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea.
Half of the movement has already passed, and now I’m waiting for the break to the level of 1.07 and from there I’ll start working from the long position. This week we will have important news on the labor market, because it was the labor market that Powell pointed out at the last meeting and said that if it decreases, we can begin to reduce the rate. Therefore, I believe that this week will be a culmination
Target: 1.09000
eurusd operation suggestions for next Monday.
Eurusd's operation advice for next Monday is to pay attention to 1.092 below and 1.096 above in the short term. Buy low and sell high. The subsequent upward trend will focus on the top of 1.098.
EURUSD Early next week [BUY]Price should continue following the upward trend.
It does have certain characteristics of a pull but it has yet to exhaust the upward momentum, in fact it’s in its last legs.
This trade, if taken, has an RR of 3.72.
NOTE : This is not financial advice, please do your own research.
EURUSD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon see more up from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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