EURUSD back at the top of the rangeIntraday Update: Following the PCE, EZ CPI's and amid "end of month flows" the EURUSD is back at the upper end of the well worn range. Longs overnight may be looking to book profits, but an eventual break of 1.09 is possible in the next week. by ForexAnalytixPipczar1
Profits Drying Up For Bulls - Time to short - EURUSDProfits were GREAT for the uptrend from EU just now. But it's overextended and we still have a lot of bulls holding on. This on top of the resistance area it's entering into. Shorting and expecting it to fall back to previous levels maybe monday or tuesday. Shortby KomeFXX6
EURUSD WILL FALL SELLManage SL during news time, intraday trade tp and sl mentioned not a financial adviceShortby ArehmanB114
EUR/USD possible short scenario(5/31/2024)We've detected an impulse pattern for EUR/USD. for confirmation, we need to see the price breaks below the correction line(red line). Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets3
Sell 1.0865 sl 1.0880 tp 1.0690As price hit upside leg of descending channel and resistence area expect to fall pls like for support thank youShortby I_AM_ADRENALINE3
EURUSD Leading Diagonal will be the Start of a New TrendIf tomorrow, at the closing price in May, the price does not break through 1.09000 and instead closes at 1.08400-1.08500, then it is likely that the correction has ended and the price will continue its bearish trend. This is the main reason why, in the update from my last post, I recommended closing buy positions. The next question is where can we take a sell position? If a reversal occurs after the price touches the Fibonacci area as I highlighted (red) in the chart, we can take a sell position, the first target would be the price gap in the candlestick on May 9th. good luck!!Shortby edoyuwon1909Updated 224
HelenP. I Euro can correct to support level and continue to riseHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time traded near support 2, which coincided with the support zone and then rebounded down to the trend line. After this movement, the Euro turned around and in a short time rose from the trend line to support 2, broke this level and made retest. Then the price made movement up, after which made a correction to support 2 and then continued to grow. Euro reached support 1, which coincided with the resistance zone, broke this level and some time traded higher even the resistance zone. Later EUR fell to the trend line, which rebounded and backed up at once, but soon it turned around and made an impulse down, thereby breaking support 1 with the trend line too. After this move, the price turned around and in a short time rose to the resistance zone, breaking support 1 one more time, and just now it continues to trades in the resistance area. For this case, I expect that EURUSD will make the little move down to the support level and then rebound up to the trend line. Then, the price can break this line and continue to grow, therefore I set my goal at 1.0915 points. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelen335
EURUSD: Very Risky LONG ScenarioEURUSD: Very Risky LONG Scenario Today we have the US GDP data and this is also the focus of the market for today. Another speculation that is happening is related to the EUR CPI preliminary data tomorrow and the US PCE data. Both very important figures as the market will interpret what the central banks may decide to do next. Technical analysis: EURUSD is showing some kind of expansionary pattern in one of its boundaries. The support zone is clear and proved to be strong in the past. It is likely to push the EURUSD back up. The problem is only the speculation at this moment. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 5524
EURO/USDPrecision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging A conventional indicators, my focus sharpens on interpreting market dynamics through the astute lens of smart money concepts. Analyzing the 1-minute, 5-minute, and 15-minute charts, alongside the more encompassing 1-hour, 4-hour, daily, and weekly charts, forms the cornerstone of my analytical approach. This strategic timeframe selection ensures a nuanced understanding of market movements, facilitating precise decision-making and incorporating a comprehensive weekly assessment. Elevating my entry points, I seamlessly integrate FVGPS (Fibonacci, Volume, Gap, Price, and Sentiment) and Displacement strategies. These tools add depth to my analysis, providing layers of insight to refine and optimize entry decisions. Fueled by the profound insights of the genius Richard D. Wyckoff, I traverse the markets with heightened awareness of price manipulation, discerning the calculated moves of institutional players. This admiration for Wyckoff's extraordinary methodology enriches and refines my trading perspective. Adding another layer to my approach, risk management emerges as a cornerstone. I meticulously adhere to a disciplined risk management strategy, allocating either 0.5% or 1% of capital per trade. This measured approach ensures capital preservation and shields against the inherent uncertainties of the market. Supplementing this comprehensive approach, I incorporate principles from Elliott Wave Theory, allowing me to surf the rhythmic waves of market sentiment. This intentional fusion of smart money concepts, Fibonacci precision across specific timeframes, FVGPS, Displacement, Wyckoff's genius, and the structured fluidity of Elliott Wave Theory epitomizes the essence of my trading philosophy.Longby kostaspKNS0
EURUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 228
After fake breakout of support level, Euro can continue to growHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support level and made an upward movement, after which turned around and started to decline inside the downward channel. In the channel, the price declined to the 1.0805 support level, which coincided with the support area, and soon broke this level and fell to the support line of the channel. Then, the Euro rebounded up and rose to the channel's resistance line, breaking the support level again, and even soon price exited from the downward channel and continued to grow. But later, the price turned around and made a downward impulse to 1.0600 points, breaking the support level one more time, and then the Euro started to rise inside an upward wedge. In a wedge, EUR in a short time rose to the 1.0805 level, broke it, and rose to the resistance line of the wedge, after which turned around and fell to the support area. But not a long time ago EUR bounced up from the support area, making a fake breakout of the support level and now, in my opinion, the price can make retest of the support level, after the fake breakout. Then price will continue to move up to the resistance line of the wedge. For this case, I set my target at 1.0910 points. Please share this idea with your friends and click Boost 🚀 Longby LegionQ8Updated 3316
EURUSD Is Very Bullish! Long! Here is our detailed technical review for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.084. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.098 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
EUR USD PRICE - WEEK END BUY MODE ON EUR USD, here we can see that price balanced the liquidity at support zone, now price has to break the down trend line, after making retest, make a long entry to the marked price line as shown in the picture, follow for more live updates....nd boost my contents thank you...Longby FOREX_TRADER_007Updated 448
EURUSD simple analysis: resistance zoneA minor Elliot Wave finishes. Waiting for bearish E.W. to form. Awaiting retest on boxes. USD will weak it's power so USDCAD will probably show strong bullish movement. Shortby FtradorexUpdated 115
EURUSD, short to 1.0798 after bulls accumulate.Hi friend. Euro take a pause in growth. We have big volume of bulls accumulate in zone between 1.0790 - 1.0829. So my opinion falling to 1.0798 and maybe lower... Support me. And your opinion intresting for me. Thanks.Shortby JinFlarkUpdated 11
EURUSD → it formed a descending widening wedgehello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and commentLongby melikatrader94Updated 7730
EURUSD: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ no cycle defined 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, short traders still in profit from Tuesday, possibility to complete the weekly template of dump and pump. Short: secondary, giving a look at the previous 2 weeks, this market can also complete a monthly pump and dump, possible scenario considering that today is the end of the month. I will also take in consideration this scenario because yesterday the market placed a lower low into the LOW and pumped back up. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Longby GianniPichicheroUpdated 4
EUR/USD (euro-dollar): a multi-timeframe view (W & D)Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the upward direction after having broken out of the descending trend-line highlighted on the chart. Zooming into the Daily timeframe, the zone-to-zone movement of the price could be clearly noticed. Thus, holding on to our bullish sentiment, we are executing long positions with the stop-out order below the ongoing build-up and the target level set at key level identified on the Weekly timeframe.Longby Investroy3
EURUSD BEARISH NOW Hey there on 1hTF the EURUSD have looking for move upside on CPI news And now can be drop down from 1.0800 So will first reach and can be quick drop from there point Shortby DvsTraderfirm1
EURUSD continues to target 1.1000Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.Longby IAm_RyderUpdated 101012
EURUSD downtrend continuesDear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and sell-off. I expect that after a recovery and testing the liquidity of the market, the price will decrease. This decrease is expected to reach 1.0790 and 1.0755 at least.Shortby ConanForexUpdated 161621
Professional analysis and strategy, I hope to help youHello traders The 4H trend line has been breached and we can see a double top. I expect this to at least return to the last touch of the previous uptrend. It may be too late for the sniper but the sniper can still get in. I hope my analysis and advice will help you,by Trade-reaperUpdated 0
Short-term bullish outlookFX:EURUSD The price of the euro against the US dollar is in the condition of price correction. In the short term, after the correction is over, the price will continue to rise First support: 1.08062 First resistance: 1.08860 Second resistance: 1.09252 Third resistance: 1.09658Longby majidhossineUpdated 224