EURUSD : Target 1 reachedThis is a continuation of what I wrote previously. Target 1 reached. Now we look forward to target 2.
Good luck.
EURUSD trade ideas
EURUSD: Market Sentiment & Price Action
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURUSD pair price action which suggests a high likelihood of a coming move up.
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EUR/USD Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook:
The Eurodollar has experienced a significant increase during this week's trading session, surpassing our initial target of Mean Resistance at 1.034. It then encountered strong resistance at a Mean Resistance of 1.043, leading to a notable pullback that brought it down to an Outer Currency Dip of 1.025 and lower. We are now looking at the next target at Outer Currency Dip 1.020, with additional extension levels at Outer Currency Dip 1.016 and 1.005, respectively. Reaching our first target, Outer Currency Dip 1.025, will likely trigger an interim rebound toward the designated level at Mean Resistance 1.030.
EURUSD the SELL that we set up 2-3 days ago.In my recap video we set up and explained the criteria for a possible sell. In this video we wil look at the sell and why I sold in that particular range. Enjoy!
Eur/usd Bears to mitigate 1.01053 zone Nonfarm Payrolls soar by 256,000, far exceeding the 160,000 forecasts and reinforcing labour market resilience. the data helps the US Dollar retain its gains with the Fed likely to continue gradual cuts later in 2025 if inflation cools. that being said, I am expecting the Bears will try as of early next week, to push the price all the way down. the targets that I will be eyeing will be
Targets:
First Take-Profit Level @1.01053
Second Take-Profit Level @At 0.98530,
this liquidity will be mitigated later as days go by
but we all know trading is a game of prediction so am hoping for the best outcome to this analysis.
EURUSD Divergence after Bearish TrendEURUSD
Divergence
Trend - Bearish
Entry Price ,Stop Loss ,Lot Size ,TP1 and TP2 defined
EURUSD - Outlook for Week Commencing 13/01/2025Bias for Week commencing 13/01/2025
The chart shows a clear downtrend, as indicated by:
Lower highs and lower lows
The price is trading below key resistance levels and within a descending channel (yellow lines)
The histogram and oscillator suggest bearish momentum
Key Support and Resistance Levels
Support Levels:
1.0230–1.0250: Immediate support zone where price has recently reacted.
1.0150: A lower significant support level, visible as a historical pivot point.
Resistance Levels:
1.0350: Near the upper boundary of the descending channel.
1.0450: A higher resistance zone and an earlier swing high.
Scenario 1: Continuation of the Downtrend
Entry: Sell below 1.0230 (on confirmation of a breakdown).
Stop Loss (SL): Set above the 1.0280 resistance.
Take Profit (TP):
TP1: 1.0150 (next support zone).
TP2: 1.0100 (extension of bearish move).
Scenario 2: Pullback to Resistance
Entry: Sell near 1.0350 (if price retraces to this resistance).
Stop Loss (SL): Set above 1.0400.
Take Profit (TP):
TP1: 1.0250 (current support zone).
TP2: 1.0150 (next major support).
Scenario 3: Bullish Reversal
Look for a breakout above 1.0350 with strong bullish momentum to consider buys.
Entry: Buy above 1.0350 on confirmation.
Stop Loss (SL): Below 1.0300.
Take Profit (TP):
TP1: 1.0450 (next resistance).
TP2: 1.0500 (upper channel boundary).
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Disclaimer: This content is for educational purpose only and should not be considered financial advice.
EUR/USD: Awaits Key Economic Data for Future DirectionThe EUR/USD currency pair commenced the week on a strong upward trajectory, demonstrating significant gains on Monday. This bullish momentum follows a period during which the pair successfully reached a previous profit target in a designated demand zone. However, despite this recent uplift, the EUR/USD remains trapped within two crucial supply zones, regions that may serve as resistance points capable of inducing a pullback as the pair seeks to sustain its broader bearish trend.
As the day unfolds, market participants will be closely monitoring several pivotal economic indicators from the United States that could significantly influence the trajectory of the USD and, by extension, the EUR/USD pair. Among these reports, the ISM Services PMI for December and the JOLTS Job Openings data for November are expected to take center stage. Analysts have projected that the ISM Services PMI will rise to 53, an improvement from the 52.1 recorded in November.
The importance of this report cannot be understated. A reading below 50 would signal a contraction in the services sector, potentially triggering renewed selling pressure on the USD and providing a lift to the EUR/USD pair. In contrast, a robust print of 55 or more could bolster the USD's strength, helping it to find a solid footing and potentially limiting any upward movement in the EUR/USD.
In addition to the ISM Services PMI, the JOLTS Job Openings data will also be scrutinized, as this metric provides insights into the labor market's health. A decrease in job openings could suggest a cooling labor market, further weighing on the USD. Conversely, a significant increase in openings might affirm the Federal Reserve's steadfast approach to monetary policy, further reinforcing the dollar's standing.
Given the current environment, our analysis leans towards the expectation of a potential bearish continuation for the EUR/USD pair. The interplay of the anticipated economic data and the prevailing technical resistance levels will be critical in determining the pair's next moves—particularly as traders navigate the complex dynamics of supply and demand. As we look ahead, vigilance and adaptability will be key for market participants seeking to capitalize on the fluctuations in this major currency pair.
Our Previous Forecast:
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EUR/USD Pair: Market Sentiment Ahead of Employment ReportAs I draft this article during the London trading session, the EUR/USD currency pair is showing a bearish trend, hovering around the 1.0300 mark. The focus of the market later today will shift to the US Bureau of Labor Statistics, which is set to release its employment report for December. Analysts anticipate that Nonfarm Payrolls (NFP) will increase by 164,000, a decrease from November's impressive rise of 227,000. Additionally, the unemployment rate is expected to remain steady at 4.2%. Another point of interest will be the Average Hourly Earnings on a month-over-month basis, which currently forecasts a lower value compared to previous reports.
If the NFP figure surpasses 200,000, we could see a significant uptick in the US dollar as traders position themselves ahead of the weekend, potentially driving the EUR/USD lower. Conversely, if the NFP falls short of expectations with a reading below 150,000, we may witness a reversal in the dollar's strength, which could provide upward momentum for the EUR/USD pair. In the event that the NFP aligns closely with market predictions, the unemployment rate's fluctuation could play a critical role in determining the dollar's value; an unexpected rise in the unemployment rate may weaken the currency, while a drop could bolster it.
From a technical analysis standpoint, we maintain a bearish outlook on the Euro, and there is potential for us to reach our first take profit level today. Market participants will be keenly observing the data as it could significantly influence trading decisions in the hours ahead.
My previous Idea:
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SELL EUR/USDTight SL momentum trade. Selling pressure is running in. Look at previous analysis for full context.
Short Eurusd - Targeting 1.02211Eurusd has been making continuous strides further down in price. The recent pullback to 1.04500 was rejected and indicating for me more movement to the downside, there was divergence of the RSI & MFI on the 4hr at that rejection level of price. If price continues to slide, I'll be looking to target a price of 1.02211. I'm currently in a short position at 1.04077, a nice 187 pips I would be looking to grab if price hits target. Patience is key! If you see anything different, feel free to share!
EURUSD - Sell CALL Market is Making Series of LH and LL. Market has broken consolidation zone and retested Trendline resistance. Market has also rejected / tested 4H resistance level and it will most likely continue Bearish trend. Further DXY is Bullish and EXY is Bearish (which means market will take Bearish Move). TP1 and Tp2 are the FIB extension Levels market will test if it goes down.
Happy Trading Trader !!!
EURUSD Potential Sell Strategy EURUSD based on specific support and resistance zones. Here's a clearer interpretation of your analysis:
📊Resistance Zone: 1.04000
📊Support Zone: 1.02100
👉You're suggesting a potential sell strategy, implying that if the price reaches the resistance zone at 1.04000, you might expect a downward movement toward the support zone at 1.02100. Traders would be looking for confirmation of price action, such as rejection or reversal signals at the resistance level, before entering the market with a sell order.
👉It’s important to also consider risk management, stop losses, and take profit levels Keep an eye on market developments to ensure that this analysis holds up in real-time trading.
DAY 5: UPDATE FROM YESTERDAY'S SETUPSWe are at tp for Gold and GBPUSD.
Dxy is strong from recent unemployment data released an hour ago. Gold is trading @ 2680 at time of writing and GBPUSD and EURUSD just witnessed a 100 pip sell off.
EURUSD Sellers In Panic! BUY
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0249
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0292
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EUR/USD Bearish PennantThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0242
2nd Support – 1.0205
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Thank you.
Seems like a good price to sell.Given the strength of the dollar and the US employment and unemployment data, it could be a good opportunity to sell the euro. Always control your risk, please.
EURUSD SELLFollowing a series of bearish maneuvers, the only reasonable action is following the new trend!
However, we should notice a retest coming into play to fake out buyers and fall more to the downside after a successful retest.
I am bearish, trade based on your discretion!!!!!
Follow for more, and like also to support more ideas...
EURUSD NFP BULL Jan 2025OK I posted the last IDEA out & yes it failed ...BUT I told you how to make money either way and what would happen to the exact pip... AND DID
Check it out here
Plus this is when I said what would happen next if the structure failed here...
Now is the first #nfp of the year using this pair.... you will get 12 trades this year and here is the first set-up for the #BULL...
EURUSD - possible sells with the Data release?Here is our analysis on EURUSD . Possible shorts in play.
As we are anticipating the news release today, we can still assume the TVC:DXY will remain bullish. If the News and Data release is positive for the US Dollar , we could see more downside on the pair. With the new H4 just opening and the previous closing strongly bearish, we can assume that EURUSD will continue going down. Our Entry is sitting at 1.03272 with SL (Stop Loss) at 1.03587 . If we break above our SL we would most likely reverse and this trade idea would be invalidated. Our TP (Take Profit) is sitting at 1.02642 and if broken + the positive news and data release, we could see the price digging even deeper .
PARAMETERS
- Entry: 1.03272
- SL: 1.03587
- TP: 1.02642
KEY NOTES
- EURUSD is bearish.
- DXY (USD) still remains bullish and holds strength against other pairs.
- Positive news for the US could result in even lower prices on EURUSD.
Happy trading!
FxPocket
