eurusdeurusd had made a nice rise after breaking and testing the falling channel. If it gets a reaction from the region that previously worked as a solid resistance, it will rise up to the wedge formation it made on the daily.
EURUSD trade ideas
EURUSD. Selling opportunitiesHello traders and investors!
A detailed analysis of the currency pair can be found in the related post. A price drop to the 1.06011 level was expected.
Weekly Timeframe Analysis
On the weekly timeframe, the buyer's vector 7-8 is developing within the range. There was an attempt to resume buying from the buyer’s zone (green rectangle on the chart). The buyer’s bar with increased volume did not bring any results for the buyer: the bar’s closing price is within the seller’s bar with lower volume.
Daily Timeframe Analysis
On the daily timeframe, there was a manipulation of the level marking the beginning of the seller’s last impulse: a false breakout of the 1.08718 level aimed at gathering liquidity, followed by the price returning below the level. The buyer’s attack bar on this level has the highest volume among all buyer bars. The seller pushed the price back below the level, and a seller's zone was formed (red rectangle on the chart).
Summary
On the weekly timeframe, the buyer with increased volume failed to show results.
On the daily timeframe, there was a manipulation of the seller's last impulse level.
Priority: sales. Potential targets on the daily timeframe: 1.07821, 1.07612.
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURUSD View!!(MaceNews) – U.S. manufacturing activity was in contraction for a seventh straight month in October, and the pace of decline unexpectedly accelerated, as firms remain reluctant to invest in new capacity on concerns that federal fiscal policy could be inflationary whichever major party wins the Nov. 5 election, the latest monthly data from the Institute for Supply Management showed Friday.
EURUSD Trading JournalEURUSD Trading Journal
Weekly Summary
Bullish week in price delivery with exception of Friday. Price drawled to the clean equal highs and a SIBI from Oct 16 to rebalance. Could last week be a false break out in bias?
I anticipate for Price to complete the rebalancing of the noted Dally SIBI. On the daily range Price closed the week just dipping below the 50%.
With next week being the USA election it will be a good week to tape read and mark up charts.
EURUSD Trading JournalEURUSD Trading Journal
Weekly Summary
Bullish week in price delivery with exception of Friday. Price drawled to the clean equal highs and a SIBI from Oct 16 to rebalance. Could last week be a false break out in bias?
I anticipate for Price to complete the rebalancing of the noted Dally SIBI. On the daily range Price closed the week just dipping below the 50%.
With next week being the USA election it will be a good week to tape read and mark up charts.
EU Time FactorWaiting for the correction to play out, checking for bullish activity after 21 Oct reduces the risk and drawdown.
EURUSD (62+ Pips)Price reached a high pivot, triggering a liquidity sweep as it took out stops above resistance. The next candle formed a bearish engulfing pattern, signaling a potential reversal. This setup suggests a short entry, with expectations of a downward move from this resistance level to support at 1.07700
EURUSD SELL SETUP !!Win or lose, everybody gets what they want from the market. Some people seem to like to lose, so they win by losing money.
EurUsd Short Term Trade Using ICT MethodBearish Bias for the Short Term on the EurUsd. Want to see price retrace to at least the Order Block but my best entry will be at the FVG.
MY EURUSD SHORT IDEA 01/11/2024Direction: Short
SL: 1.0849
Checklist:
- MA 20 going downward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is falling to MA 100 and 200 (Purple and Red).
2. Red Trendline was broken recently.
3. Price bounced off from a Resistance zone.
4. No FIB level found.
5. Tradingcentral tool signaling DECLINE on Time frames 15m,1h,and 4h but it is bullish and signaling RISE on daily time frame at the moment.
6. Q4 seasonality is bullish actually but with a short term bearish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of -1 "Neutral Bearish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
4. EUR / DE10Y is falling.
5. USD is on the rise after a recovery.
6. VIX spiked a little.
EURUSD 2025 bullish year.As we are officially in the last 2 months of the year, if you check EU on the beginning of each year, there is either continuation of trend or a trend is formed, 2025 I am most likely bullish according to higher timeframe analysis.
Please do your own analysis as I'm not a financial advisor.
Good trading guys...
11/1/2024. EURUSD daily and hourly chartsEURUSD at key level.
Buyside needs to get price above 1.08853. When closed above, look for push to buy line at 1.09401.
If failed to rise, continuation to downside to recent lows. 1.07601 is break lower (long term liquidity level)
EURUSD: Will Keep Falling! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURUSD chart which, if analyzed properly, clearly points in the downward direction.
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EURUSD Double Top: Bearish Reversal with DivergenceEURUSD has formed a double top pattern, accompanied by divergence, indicating a potential bearish reversal.
Check the trend As long as the price fluctuates above the red support zone, there is a chance to continue the uptrend to the indicated resistance levels. Otherwise, with the failure of the support range, the continuation of the downward trend will be possible
Euro-dollar, dailyApart from slightly disappointing American GDP, euro-dollar has also made gains in recent days on stronger than expected growth in the eurozone generally and in major national economies. Preliminary German inflation for October rose more than expected to 2%.
Relatively high volume of buying and a move out of oversold by the slow stochastic after 24 October’s upward engulfing candlestick would usually suggest an ongoing bounce, but that looks more difficult with the 200 SMA only slightly above the current price. If there’s a break above there, the target would probably be the value area between the 50 and 100 SMAs slightly below $1.10.
A clear break back to $1.07 and the 100% weekly Fibonacci retracement doesn’t seem at all favourable for now. However, a positive surprise from the NFP could push the price back to its recent starting point near $1.076 at least temporarily.
EUR/USD shows potential (READ DESCRIPTION)Pivot Point: 1.0860
EUR/USD shows potential for an upward move, with projected gains of 27 - 42 pips, supported by a pivot level at 1.0860.
Our Preference: Long Positions
Consider long positions above 1.0860 with the following target levels:
Primary Target: 1.0900 — this level may serve as the first resistance, where some consolidation or minor retracement could occur.
Secondary Target: 1.0915 — if this level is reached, it may indicate stronger bullish momentum, potentially supporting further advances.
Alternative Scenario: Downside Potential
If EUR/USD dips below 1.0860, consider a move lower with targets:
First Target: 1.0845 — an intermediate support level that could act as a buffer for downward momentum.
Second Target: 1.0830 — a more substantial support level that may result in either a consolidation or a sustained bearish push if breached.
Technical Indicators & Analysis
Relative Strength Index (RSI): The RSI indicates consolidation but remains above its neutrality area at 50, suggesting moderate upward momentum.
Moving Average Convergence Divergence (MACD): The MACD may be nearing or above its signal line, reinforcing a slight bullish trend; however, a potential cross below could indicate a return to consolidation or slight bearish pressure.
Moving Averages: EUR/USD is positioned above its 20-period and 50-period moving averages, signaling a short-term bullish trend with support for the upside move.
Key Levels & Price Action Outlook
Above 1.0860: A sustained move above this level can support gains toward 1.0900 initially. Consolidation may occur at this level, but continued strength would open up 1.0915, which is a more substantial resistance level and an extended target for long positions.
Below 1.0860: Dropping below this pivot could lead to further declines. 1.0845 may serve as an initial support, and a break here could lead to a test of 1.0830. This deeper level may offer stronger support and could signal either a bottoming for a potential rebound or a continuation of bearish movement.
EURUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
Small retrace on fridayI expect a small retrace here to the 200EMA on the 1hr or 50EMA on the 4hr timeframe. There is a big vector candle that we could recover, before moving higher afterwards. So short term short and mid term long idea here.
EURUSD Forecast Over the past week EURUSD it has been on a long sell on daily timeframe and it is currently retracing upto resistance zone and the price rejects the zone and it will continue with the sell upto the Demand zone. There is a liquidity pool
EUR/USDEUR/USD. I have the following view of this pair>> from 4HTF we are Bullish, I would expect longs in Long M2 on 4HTF where these zones are located >> vpoc yesterday, wvah this week, vpocr and 2DK where I would expect a third touch into long. On 30MTF we have now closed below today's VAL and also vwapem, here I could focus on short positions into Long M2 on 4HTF.
