EURUSD-1H Time Frame-20.05.2024Dear Traders, EURUSD now is in Channel , and i expect price will try Retest Bottom of channel , First TP : 1.08550 Final TP : 1.08300 Dont Forget like&Comment please ! regards, AlirezaShortby alirezakUpdated 5
EURUSD Trade IdeaI expect a consolidation on EURUSD until we reach the marked zone for longs. We can also expect a smaller retracement and then longs. Longby RobertOprisor1Updated 5
Gloomy US Data Ride (May 15)Fundamentals & Sentiment EUR: - Too much bad news is already priced in; stretched to the downside according to CFTC - Risk reversals and yield differentials point to euro upside USD: - Stretched to the upside according to CFTC - MoM CPI miss; Retail Sales MoM solid miss Technical & Other Setup: S(B) Setup timeframe: 4h Trigger: 5m Medium-term: Uptrend Long-term: Sideways Min target: March resistance Risk: 0.31% Entry: Market; get in shortly after the US news releaseLongby Cherry94Updated 1
NEW IDEA FOR EURUSD The possibility of an increase in the euro due to uncertainty about the interest rate cut after June Examining the trend in the one-hour time frame, EUR/USD is fluctuating in a corner pattern, and provided a one-hour close candle time is registered above the resistance range of 1.0882-1.0877, the rate can reach the Fibo resistance of 161.8% in the number $1.0932 increase.Longby arongroups4
EURUSD potential LONG from support zone As we can see, the market is currently forming a clear triangle pattern, which is a trend continuation pattern. Given the bullish rally we experienced beforehand, it makes sense to anticipate the market moving higher. On the daily timeframe, we see a long-tailed candle that took out liquidity at Thursday's lows. I think this could lead to a test of the support level, with the potential for an upward move if the price rejects the support. In this scenario, I expect a fake breakout candlestick pattern at the support level and upward trendline as buying confirmation. My goal is the resistance at 1.09230Longby ALPHA_CHART114
EURUSDEURUSD Good morning. At the opening of the London session, the context shifted to long, with local problem areas below being cleared. The intraday target is PDH.Longby yes_pls_max1
💡 EURUSD: Analysis May 21EURUSD continues to accumulate in front of the 1.0900 resistance level, the price created a new bearish pin bar pattern on daily however this pattern is quite weak and not a concern. Combined with previous bullish signals, including breaking the down channel, the longer the price accumulates around this resistance level will increase the chance of breaking out above, you continue the buy-up strategy, two scenarios. The potential version is when the price corrects to 1.08xx while creating a bullish signal, or when the price clearly breaks the 1.0900 level. 💡 H1 trend: sideways Today trading idea: Buy EURUSDLongby Stone_Haven4
EURUSD BEARISH - May 21📢 Signal: SELL EURUSD 📉 Entry Point: 1.08650 🔍 TP1: 1.08250 🎯 (40 pip TP) TP2: 1.07850 🎯 (80 pip TP) SL: 1.09050 ⛔️ (40 pip SL) Ensure proper risk management when following signals! 💡 @mr_bombastic_signal Shortby mr_bombastic_signal1
EURUSD BUYWeekly: 1. Direction: Bullish 2. Reasons: 1. Price disrespected the FVG 2. massive displacement to the upside 3. Price is moving from IRL to ERL 4. Price reacted of weekly FVG (2) Daily: 1. Direction: Bullish 2. Reasons: 1. Price is respecting the daily FVG 2. Good displacement to the upside 3. Price took a daily swing high 4. Price is moving towards major swing highs 4H: 1. Direction: Bullish 2. Reasons: 1. Good displacement to the upside 2. Price created FVG 3. Price might react from FVG 4. Wait for 15M MMBM Longby tradermebiali224
EURUSD : Prospects are still beneficial for the Cow!Hello everyone, Brian here! After a sharp rise on Wednesday, the EUR/USD pair struggled to maintain its momentum and modestly closed lower on Thursday. By Friday, the pair stabilized around the 1.0850 mark and began the new week showing some recovery, hovering around 1.088. On the 4-hour chart, EUR/USD continues to display encouraging signs for buyers. The price remains above both the 34 and 89 EMA lines, and the uptrend line is holding steady. These elements are currently the main drivers supporting the pair's positive trajectory.Longby Trader_BrianFXUpdated 334
#EURUSD - 21 MayI was bullish EURUSD yesterday, I said be long as long as PZ 1.0855 holds. Instead, EURUSD moved up, almost touching first level above before coming down to PZ and bounced off it, though only briefly. Bearish candle for EURUSD yesterday but IMO overall bullish structure still intact. Price is now below PZ, thus could see a move down, but overall, looking for 1.0843 strong level to hold for a move higher. Upside near term target is 1.0905.Longby FadeMeIfYouCan2
EURUSD: Be prepared and sell at the high positionYesterday, spurred by weak economic data and unfavorable CPI data, the U.S. dollar index fell sharply. After today's slight rebound, I think the US dollar index has stabilized. Why do you say this? The reason is that the U.S. dollar index simply cannot continue to fall! If the U.S. dollar really falls, the chain reaction will be completely unbearable for the U.S. economy. This can easily cause major economic problems and lead to more accidents. Once this happens. It will be very detrimental to the U.S. election that has already begun (especially detrimental to the Biden administration). In order to avoid this happening, the U.S. dollar index cannot fall at will. Therefore, what we need to pay attention to is when the U.S. dollar index will start to counterattack. Corresponding to EURUSD, we will choose the opportunity to sell short on highs today. Based on the market, we will give the following suggestions: EURUSD: 1.0890-1.0900 range selling target 1.0870, 1.0850, 1.0830Shortby Get-rich-signalUpdated 33
EURUSDDaily Euro Time Frame Analysis Euro is likely to have a percentage correction from this range and then continue its upward trend.Shortby m0neyminer2
EUR/USD 15M chart expectation.On the 1D timeframe we had a clear breakout of the triangle formation which is now being retested while picking up open FVG gaps up to 1.08300 range. When we look at the 15M timeframe i believe we will see another small drop only to return and closes all bearish FVG gaps upwards towards 1.08600 where it will retest and head further up towards 1.0900. Let's see how this trade works out. Longby barneyhijweege33Updated 3
Euro's Path Ahead: Short-Term Struggles, Long-Term Triumphs**Current Momentum and Market Sentiment:** The EUR/USD pair is currently experiencing a challenging period, struggling to maintain bullish momentum. Despite a significant rally in recent months, the pair has recently faced resistance and corrective movements. The European Central Bank's (ECB) actions, including recent interest rate hikes and upward revisions to inflation forecasts, have supported the Euro, but market skepticism remains due to varying global economic conditions and the Federal Reserve's cautious stance on future rate hikes. **Technical Analysis and Key Levels:** The Euro is trading above its 20-year cycle support line, a critical historical level that previously led to a five-year rally after being broken in January 2003. The current price action, characterized by consistent volume buildup, suggests underlying strength. However, the momentum observed from January 2017 to late 2021 has been less stable, influenced heavily by the COVID-19 pandemic and subsequent economic measures. For the short term, the EUR/USD is anticipated to continue facing volatility. The immediate resistance is noted around 1.1050, with support around 1.0800. A potential target by the end of 2024 is 1.169941, assuming stabilization in interest rates and continued economic recover. ### Long-Term Forecast (Next 2-5 Years) **Macroeconomic Factors:** Long-term prospects for the Euro will largely depend on several macroeconomic factors, including the ECB's monetary policy, inflation trends, and economic growth in the Eurozone. The structural reforms and fiscal policies adopted by member countries will also play a crucial role in shaping the currency's trajectory. **Historical Context and Future Projections:** Reflecting on the historical context, the Euro's previous rally post-2003 lasted five years until the 2008 financial crisis. Given the current economic landscape, a similar prolonged uptrend could emerge if global economic conditions stabilize and Eurozone economies demonstrate robust growth. Over the next 2-5 years, the Euro might target higher levels, potentially reaching or exceeding the 1.2000 mark, driven by economic resilience and a balanced approach to monetary tightening by the ECB. However, this projection is contingent on the absence of significant geopolitical disruptions and a steady recovery from the pandemic-induced economic downturn. ### Conclusion In summary, while the Euro shows potential for both short-term gains and long-term growth, it remains subject to market volatility and economic uncertainties. Investors should closely monitor ECB policies, global economic indicators, and geopolitical developments to make informed decisions. The anticipated stabilization of interest rates by the end of the year provides a cautiously optimistic outlook for the Euro, aiming for a target of 1.169941 by year-end and further growth in the following years.Longby wikitrades113
EURUSD**EURUSD:** This week's forecast is for the price to fall to the EMA200 and rise to the area between 1.09455 and 1.09747.Shortby simaoxceps2
EURUSD WAVE 4 SCENARIOEURUSD possible wave 4 in progress as a triple three which should drive the price lower toward the Bullish OB and Fair value Gap (FVG) Invalid on chart . Good LUckShortby Alpha_543212
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level. 📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East. 📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal. 📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier. Trading signals SELL zone 1,093-1,095 SL 1,097 BUY zone 1,081-1,079 SL 1,076by TVS-TraderUpdated 5
EURUSDGood morning, the local context currently looks bullish. We have two confirmations of market structure. Below, there is a liquidity cluster, and after it is taken out, the optimal intraday target is the previous week's high (PWH). The scenario will be invalidated if an hourly candle closes below 1.08715. In case of changes, I plan to update the idea.Longby yes_pls_max1
EUR/USD Price Action Analysis: Identifying Trends and OpportunitIn Wednesday’s New York session, the EUR/USD pair surged to a monthly high, nearing 1.0870. This rise in the major currency pair was fueled by developments such as the United States Consumer Price Index (CPI) easing in line with estimates, and the monthly Retail Sales figures remaining stagnant for April. The anticipated decrease in price pressures within the US economy, coupled with lackluster Retail Sales data, has created an unfavorable environment for the US Dollar and bond yields. Simultaneously, there are indications suggesting potential opportunities for the USD to capitalize on the EUR rally, primarily evident in inefficiencies within the price footprint. These inefficiencies could potentially exert downward pressure on the EUR in the short term. Furthermore, from a technical perspective, the EUR has reached a premium selling area, indicating the possibility of a double local top formation. This is complemented by divergence in the RSI and an overbought condition observed in both the RSI and Stochastic indicators. These technical signals suggest a potential reversal in the EUR's upward trend, presenting trading opportunities for market participants. Footprint Trigger H1 Shortby FOREXN1Updated 2213
EUR/USD 4H (Buy Entry on OB)Hi everyone. EUR/USD is on daily Order Block.Took sufficient Liquidity. Now target liquidity is pending .. Good LuckLongby Engr_Zaheer_786_SetupUpdated 116
Bearish Drop EURUSD has reacted off the pivot which closes to 78.6% Fibo retracemet and could fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.0881 Support: 1.0825 Resistance: 1.0943 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets1