Euro / U.S. Dollar forum
EURUSD currently still bearish with price in a premium sell location for me. price is sweeping buy side liquidity right now. A scalp on the 1M is setting up for me. had a bearish divergence on the RSI and trading in my sell zone for a possible internal liquidity sweep. If price breaks below 1.04085, I'll look for a FVG to enter on with my SL 2pips above the high. and a TP at a 2 RR
EURUSD market has to cross 1.041 then tp is 1.045
EURUSD Analysis for EUR/USD (Major Pair)Current Price:
• Ask: 1.04060
• Bid: 1.04045
Technical Indicators:
1. Support Zone: 1.03950
2. Resistance Zone: 1.04100
3. RSI: Approaching oversold levels, suggesting potential bullish reversal.
4. Trend: Slight bearish consolidation with potential for breakout upward based on MACD divergence.
Recommendation:
• Position: Long
• Take Profit: 1.04400
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EURUSD parity soon
EURUSD is stuck again and it looks like it may break in either direction by weekend. I would say the chances for down Break are more because of bearish continuation triangle.
EURUSD 📊 EURUSD Intraday Trade Setups
💼 Trade Idea: Buy Intraday Trade Setup
🔹 Entry Price: ✨ 1.03969
🔹 Stop Loss: ❌ 1.03850
🔹 Take Profit 1: 🎯 1.04050
🔹 Take Profit 2: 🎯 1.04150
📌 Reason for Entry: The entry price of 1.03969 is positioned near a strong support level, confirmed by the daily Fibonacci retracement at 61.8%. The price action indicates a potential upward reversal. The first target is 1.04050, with the second target at 1.04150. The stop loss is set at 1.03850 to effectively manage risk.
💼 Trade Idea: Sell Intraday Trade Setup
🔹 Entry Price: ✨ 1.04072
🔹 Stop Loss: ❌ 1.04150
🔹 Take Profit 1: 🎯 1.04000
🔹 Take Profit 2: 🎯 1.03900
📌 Reason for Entry: The entry price of 1.04072 aligns with a strong resistance level at 1.04070, based on the daily Fibonacci retracement at 23.6%. The market shows signs of a potential downward movement, with the first target at 1.04000 and the second at 1.03900. The stop loss is placed at 1.04150 to control risk.
💡 Summary:
EURUSD is at critical levels, with support at 1.03969 and resistance at 1.04072. The Buy Setup targets 1.04050 and 1.04150, while the Sell Setup targets 1.04000 and 1.03900. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
EURUSD I see a rejection on the 15 mins chart. This could send it to 1.034 again.