EURUSD - Bullish Double BottomHello Traders !
On Tuesday 22 October, The EURUSD reached the support level (1.07919 - 1.07774).
The price formed a double bottom pattern.
The neckline is broken🔥
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TARGET: 1.09350🎯
EURUSD trade ideas
BULLS COULD COME KNOCKING!! A LONG IS COMINGThe pair has been trading in bear for 3 weeks now completing the M / DOUBLE TOP STRUCTURE. Now that the structure is complete, symmetrical triangle has been formed indicating a bullish continuation may begin.
SUPPORT:
The is a key support 2 1.06520- 1.07745 which has been tested many tomes
RESISTANCE: The pair faces immediate resistance at 1.08420. A breakout around this point could lead to a potential buy with a target at 1.11980 which is the major resistance.
BUY POINTS:
Buys can be taken around 1.06545 , and above 1.08420 .
this is a long buy it could materialise this week or next week . good luck and keep eye on it. LEAVE YOUR COMMENTS
EURUSD - Pullback / Buy Opportunity With election volatility ahead, I’m adding small “bullets” to the third I still have in my EURUSD long last week. I expect dollar-selling going into Tuesday and with cut-bets on the table for this week’s Fed decision. This is a nice place to add longs (yellow circle). Target is 1.0960
EURUSD - Bearish ContinuationThe pair continue its downward fall. after showing some sign of bullishness on RSI the pair only made it to downwared trendline which accelrated its downfall. After touching key level at 0.5 fib retracement level entry of short canbe taken.
EURUSD: Market Is Looking Up! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.08062
Wish you good luck in trading to you all!
EURUSD PULL BACK TO RESISTANCEThe Support levels found on the daily time frame of EURUSD Pair, after the strong rally down during the US Election the pair found support at 1.07000 the pull back to 1.08202, a break below 1.07922 will give room for bearish resumption. watch out for Entries 💰🗓
Trump’s Lead Boosts the DollarTrump’s Lead Boosts the Dollar
Early results in the U.S. presidential election indicate a lead for the Republican candidate.
A potential Trump victory is seen as favourable for the U.S. dollar, based on Donald Trump's plans to:
→ increase tariffs on key U.S. trading partners;
→ stimulate domestic business and support small-cap companies.
Additionally, the Trump administration may influence the Federal Reserve's rate policies, potentially leading to rate cuts as anticipated earlier.
The forex market has responded with a stronger U.S. dollar, especially against the euro.
On 21 October, an analysis of the EUR/USD chart indicated potential support from:
→ a major trendline (shown in blue);
→ the psychological level of 1.0800.
The price indeed rebounded upwards from this area (shown by an arrow), but recent news has sparked a bearish impulse, bringing EUR/USD below the key trendline today.
It’s possible this bearish momentum could continue, potentially keeping EUR/USD below the 1.0800 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair has broken below a key trendline on the daily chart, which has now turned into a resistance level. This trendline breakdown signals potential bearish momentum, as the price is likely to face selling pressure if it attempts to retest this new resistance area.
Technical Outlook:
- Pattern: Trendline Breakdown, now Resistance
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Sell near the trendline, now acting as resistance
Traders may consider selling on any retests of the trendline resistance, with targets set at lower support levels. For additional confirmation, indicators such as RSI reflecting bearish conditions or MACD showing downward momentum can strengthen the setup, supporting the bearish forecast for EURUSD.
EURUSDWe can attempt to buy EURUSD from specified level as it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
The euro will rise!EUR/USD steadied slightly in Asia on Thursday (Nov 7), currently trading around 1.0723. The euro fell 1.8 percent the previous day, hitting as low as $1.0683, its lowest level since June 27, as the dollar index surged 1.7 percent and U.S. Treasury yields rose sharply.
Preliminary resistance is seen at 1.0820/44 along with this week's high at 1.0937. Preliminary support sits at Wednesday's low of 1.0682 and the June low of 1.0666.
EUR/USD May Decline as USD Gains on Trump-Related TradesToday, the EUR/USD pair is under pressure due to the strength of the USD, driven by expectations of higher U.S. interest rates and recent political developments. The pair has fallen to a multi-month low, hovering between 1.0685 and 1.0680.
With increased volatility around the U.S. political environment—particularly after Donald Trump’s election win—alongside a Double Top pattern on the market chart, a short-term forecast suggests that if EUR/USD breaks below the 1.07 level, it may test support around 1.05. However, if economic indicators in the eurozone improve, the EUR/USD could have potential for a rebound within its current range. The Federal Reserve's rate decisions and any new fiscal policies could further influence the currency pair's direction in the coming days.
Support And Resistance Here we are focusing on 4h time frame for EURUSD. As we know that market local trend was bearish, but here we have fresh support zone so we are look for buy and after taking confirmation we execute trade. Let's analyze more deeply into these levels and potential outcomes.
Use proper risk to reward ratio.
EURUSD Trade EURUSD Trade
Macro NY 9:50
In London Price takes out buy side. Price heavy after 6 30am seeking lower prices.
Price comes to .618 and swings back up to make equal highs. Breaks back down at 930 and 10 am breaks structure also hitting the .70 level. Another swing up and by 11 am full drop to the sell side liquidity.
Enter at 10 am and exit at 12pm
Logic sound trade!
EURUSD_106 2024.11.05 06:21:06 Trading Signal SELLFrankPro Signal for EURUSD_106
Type: Screen
Signal: SELL
TP: 1.08264
SL: 1.08864
Entry Price: 1.08789
Analysis for EURUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Down LT=Up
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair is expected to attempt a decline and test the support area near 1.0715.
* The correction phase is ongoing, and any upward movement is unlikely to be strong without supportive news for the euro.
* The US presidential election on November 5 may introduce volatility, but the US dollar is expected to remain strong.
**Expected price movement:** Down (testing support near 1.0715)
**Long-term (medium-term outlook):**
* The EUR/USD pair is expected to continue its medium-term decline.
* The moving averages indicate a bullish trend, but this is subject to the ongoing correction and market volatility.
* A potential growth target above 1.1185 is anticipated after the upward rebound.
**Expected price movement:** Up (after the initial decline, with a potential growth target above 1.1185)
Please note that these assessments are based on the provided analysis and are subject to change as market conditions evolve.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the provided data, here is my analysis of the EUR/USD pair's expected price movement:
**Short-term (November 4-8, 2024)**
* Expected price movement: Down, followed by a potential upward rebound
* Reasoning: The pair is currently in a correction phase after a month-long decline, and analysts expect an attempt to develop a decline, testing the support area near 1.0715. However, a potential upward rebound and growth towards the area below 1.1185 is also expected.
* Technical analysis supports this view, as the pair has broken through the area between the signal lines downwards, suggesting pressure from buyers of the European currency.
**Long-term (remainder of 2024)**
* Expected price movement: Up, with moderate growth and minor corrections
* Reasoning: Many analysts, including LongForecast, expect the EUR/USD exchange rate to appreciate throughout the remainder of 2024, reaching fresh yearly highs. While some forecasts, like those from WalletInvestor, suggest a slight decline, the overall sentiment is bullish.
* The European Central Bank's potential interest rate cuts and the Federal Reserve's rate decisions are influencing factors, but the market has already priced in the entire cycle of monetary policy easing in the U.S.
**Note**: The US presidential election on November 5 is expected to introduce volatility, which may impact the pair's movement in the short term.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement:
**Short-term (next few days):**
* The pair is in a correction phase after a month-long decline, and there are grounds for the euro to rise.
* However, the correction is unlikely to be strong without continuous supportive news for the euro.
* The key level to watch is 1.0845-1.0851; if the pair remains below this area, it could indicate a continuation of the decline.
* Given the upcoming U.S. presidential election, significant volatility is expected in the market.
**Expected short-term movement:** Neutral to slightly bearish (price may stay the same or go down)
**Long-term (next few months to a year):**
* Analysts expect the EUR/USD pair to potentially continue its medium-term decline.
* The market has already priced in the expected monetary policy easing in the U.S., which may support the dollar's strength.
* Forecasts suggest that the EUR/USD could trade at 1.07 by the end of this quarter and at 1.05 in 12 months.
**Expected long-term movement:** Bearish (price expected to go down)
Please note that these assessments are based on the provided analysis and may not reflect the actual market movement. The foreign exchange market is highly volatile and subject to various factors that can influence price movements.
Result: ST=Down LT=Down
EURUSD 4hLike I said, I want to see a clear order flow shift where supply fails and demand holds when we react to the weekly/daily demand zone. We can see that this demand zone is an A+ demand zone with a sweep of liquidity and an impulsive move. We swept the Internal Range Liquidity (IRL), and this could be enough for the price to change order flow. We can see that the First Level of Respect (FLOR) has just failed, and we are now trying to test the Daily Last Point of Demand (LPOD).
As I mentioned, we are bullish on the weekly and daily timeframes, so what I want to see is a clear Market Structure Shift (MSS) on the 4-hour chart, which we have now gotten. I would not take the trade just yet; I am looking for more confirmations on the lower timeframes, like the 15-minute and 5-minute charts, before executing on the 1-minute or 5-minute chart
EURUSD UPSIDE!!EURUSD is successfully accumulating. we have had a spring taking out previous liquidity that went to break upside structure. I'm looking to get in some longs around this area. wait for conformation and jump in longs!!
Trade 1: EUR/USD - Short - 7.6RR RatioLonger Time Frame Analysis - 1hr
1. We can see a clear big engulfing bearish candle, indicating a downtrend.
Shorter Time Frame Analysis - 15min
1. AMD price action
2. Bearish range bounded price action
3. Price at resistance of range bound
Entry:
1. BOS within range bound
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle
Target:
T1: 1.06812
T2: 1.06620
T3: 1.06417
SL:
Above EMA cross under
EUR/USD Faces Key Resistance, Downtrend PersistsThe EUR/USD pair is currently hovering around the 1.0720 level, with the primary trend still leaning towards a decline. The chart indicates that the euro’s recovery is limited by a key resistance zone, while international market factors are not yet providing enough support to generate a clear upward momentum.
Key Technical Analysis
Important Resistance Zone (1.0900 - 1.0936): This is a strong resistance level that, without significant upward pressure, will be difficult for EUR/USD to break. Sellers are likely to increase pressure in this area, hindering the pair's potential rise.
Support Level (1.0678): This support level serves as a critical buffer zone. If EUR/USD continues to drop towards this area, it could attract some buying interest, providing short-term support for a price recovery.
EUR/USD Potential Reversal and Support-Resistance AnalysisAnalysis Summary
Change of Character (CHoCH): The CHoCH levels, marked both to the left and near the recent high, indicate shifts in market sentiment. These suggest potential reversals or pauses in the current price direction, providing areas of interest for traders.
Lower High (LH) and Weak High: The lower high formed around 1.09150, noted as a weak high, suggests that buyers struggled to push beyond this resistance. This level might act as a target if a bullish reversal occurs, but it remains vulnerable to further selling pressure.
Support Zones: The chart features two key blue support zones: one around 1.08700 and another lower one near 1.08350. These zones are likely to act as demand areas if the price declines, potentially attracting buyers looking for a bounce.
Strong Low: The strong low, located near 1.08300, serves as a significant support level. A break below this level could confirm a continuation of the bearish trend, while a successful defense may provide a base for a bullish reversal.
Potential Scenarios:
Bullish Reversal: If the price holds above the first blue support zone (around 1.08700), it could bounce and aim for the weak high at 1.09150. A break above this level could see further gains toward the premium resistance zone, indicated in red.
Deeper Bearish Move: Alternatively, if the price fails to hold the 1.08700 support, it may drop toward the strong low support around 1.08300. This could provide another opportunity for buyers, or if broken, signal further downside potential.
Conclusion
The EUR/USD chart suggests a possible reversal from support levels, with key resistance at the weak high of 1.09150. Traders should monitor the support zones closely for signs of buying strength or a breakdown that could lead to further bearish movement.
eurusd trend#eurusd
Will the euro dollar see the 1.07 range again?
The euro-dollar trend is downward.
If it loses the support range of 1.0750, a correction to 1.07 can be considered for the euro-dollar.
If it can stabilize above 1.0810, it can grow up to 1.0870 and 1.09.
EURUSD studyObserving the price action at the opening of the London and New York sessions can reveal valuable insights into market behavior, particularly when trading GBP/USD (GU). Often, there's a noticeable divergence in price direction during these times, presenting both challenges and opportunities for traders. Understanding these divergences can be key to successful trading strategies.
At the start of the London session, market participants in the UK and Europe react to news and events that might have developed overnight, often resulting in sharp price movements. Meanwhile, during the New York session, U.S. traders enter the market with their own agendas, frequently leading to another shift or divergence in direction. Recognizing these patterns is essential for those trading GU, as it can inform timely and strategic decisions.
To capitalize on these fluctuations, traders can monitor these sessions closely and identify any repeating trends. By consistently analyzing the price action at the start of each session, traders can anticipate possible reversals or continuations, allowing them to position themselves more effectively in the market. This approach combines patience with a keen eye for recurring patterns, enhancing one’s ability to respond strategically to session-driven price movements.
HelenP. I Euro will rebound down from resistance zone to $1.0650Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price trades near the resistance zone (1.1120/1.1090) and then breaks the 2nd resistance level and starts to trades below. Some time later price declined a little more, but soon turned around and rose to the resistance zone, breaking resistance 1 one more time. Next, Euro continued to grow and reached the trend line, after which turned around and started to decline. In a shor time, the price broke resistance 1 again and continued to fall to another one resistance zone (1.0790/1.0760), which coincided with the current resistance level. When the price reached this zone, it at once rebounded and rose to the trend line, but soon fell back to the resistance area, after which made a strong upward movement, breaking the trend line. Euro rose to 1.0940 points, making a gap also, and then made a strong impulse down. Price broke resistance 1 and reached the trend line, but a not long time ago it rose to this level and now trades very close. In my opinion, EURUSD will enter to resistance zone and then rebound down. For this case, I set my goal at 1.0650 points. If you like my analytics you may support me with your like/comment ❤️
Eurusd H1 ForecastFX:EURUSD loses its traction and declines toward 1.0850 after testing 1.0900 earlier in the session. Because Nonfarm Payrolls data for October missed the market expectation by a wide margin due to hurricanes and strikes, the US Dollar manages to hold its ground.
