Euro / U.S. Dollar

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EURUSD dollar domination soon .96 .8 not
Out of the cards


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
Snapshot

not a surprise PDH taken out
Snapshot

EURUSD market has to cross 1.041 then tp is 1.045

EURUSD Analysis for EUR/USD (Major Pair)

Current Price:
โ€ข Ask: 1.04060
โ€ข 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:
โ€ข Position: Long
โ€ข 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
There are a few divergences between DXY and EURUSD , so weโ€™ll probably see an upward correction in coming days.

EURUSD
๐Ÿ“Š EURUSD Intraday Trade Setups

๐Ÿ’ผ Trade Idea: Buy Intraday Trade Setup

๐Ÿ”น Entry Price: โœจ 1.03969
๐Ÿ”น Stop Loss: โŒ 1.03850
๐Ÿ”น Take Profit 1: ๐ŸŽฏ 1.04050
๐Ÿ”น Take Profit 2: ๐ŸŽฏ 1.04150

๐Ÿ“Œ 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.

๐Ÿ’ผ Trade Idea: Sell Intraday Trade Setup

๐Ÿ”น Entry Price: โœจ 1.04072
๐Ÿ”น Stop Loss: โŒ 1.04150
๐Ÿ”น Take Profit 1: ๐ŸŽฏ 1.04000
๐Ÿ”น Take Profit 2: ๐ŸŽฏ 1.03900

๐Ÿ“Œ 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.

๐Ÿ’ก 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.