EurUsd BuyI'm waiting for the price to reach the unfilled demand zone, where I expect it to consolidate and mitigate the existing demand imbalance. Once the price reaches this zone, I anticipate a potential price increase as the demand is metLongby PipFisherr0
USD News Driver TradeUSD News Driver Trade Trading with no bias. London created the low by 7:45 taking out all the sell stops from the previous day range. While I originally suspected price might rally lower, when I started to read the live price action my idea changed. Price rallied in a swing high taking out short term buy stops, then a fake swing and rebalancing a FVG. Tipping its hand that indeed it would seek the FVG highlighted that was created in the London session. Precision for Price to rally just shy of the .79 and just below my 830 target level. To note I studied the DXY to cross reference my idea and it also ran to the .79 however it rallied lower when this pair went higher. Longby LParnell0
Market still shorting EUR/USD(06/18/2024)EUR/USD, the price pulled back on the last demand zone and then started to drop. it seems the market willingly tries to short EUR/USD $FX:EURUSD. Our technical view has been shown in the chart. If you like it then Support us by liking, 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 fortunamarkets0
EURUSD ConfluenceA beautiful confluence has formed on EURUSD chart. Who is winning this one; bulls or bears?by Envestorr_Holdings0
EURUSDEURUSD is declining post-resistance at fair value, targeting liquidity clearance below indicated levels.by abedijay0
EURUSD ShortI recently decided to short the EUR/USD pair and wanted to share why I made this move. Daily Time Frame On the daily chart, EUR/USD broke through the key 1.07 resistance but hit a wall at a critical point where the 50% Fibonacci retracement level meets the 21-day moving average. This spot is attracting sellers, hinting at a possible drop to new lows. 4-Hour Time Frame On the 4-hour chart, a bearish price action candle has formed, indicating potential downward momentum. This signal, combined with the overall market sentiment, suggests that the pair might be gearing up for a drop towards the 1.07 handle 1-Hour Time Frame On the 1-hour chart, there's a crucial support area around 1.0690, which was previous resistance. If the price breaks below this level, it would align with the overall downtrend seen in the higher time frames, reinforcing the bearish outlook. However, this is also a good T/P target for my current short. Fundamental Context The broader economic picture supports my bearish view. The Eurozone’s CPI came in lower than expected, and both manufacturing and services PMIs are in decline. Plus, the ECB is expected to cut rates soon, while the US dollar remains strong thanks to positive economic data. Shortby MDrury0
#EURUSD - 18062024I was looking for a short for EURUSD after a move higher. EURUSD just whipsawed the whole of Asian and European session, made a fake down move before a move higher and closing at my sell level. Price is nicely reacting off the level now. I will keep to the view on the move lower based on the current movement, for a move down to 1.0633 and further to 1.0563.by FadeMeIfYouCan0
Bearish Sentiment on EURUSD My bearish sentiment on EURUSD are backed by the following confluences- 1) Market structure (BoS), 2) OB-supply, 3) Imbalance, 4) Liquidity. So my markups are done on the 4hr timeframe which is my major higher timeframe (HTF) used. So price has successfully broken structure lower showing a continuation in the bearish trend, and price has successfully retraced back up filling up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity which is my 4th confluence, and now price is at my main point of interest which is the Supply zone to mitigate it. If price successfully tends to respect this supply zone, I’m expecting it gives me my basic entry structure on the lower timeframe which is a ChoCh-higher high,higher low,higher high and then a lower low. Then if this emerges successfully I’ll have my entry placed on any supply formed on the lower timeframe. Where I’ll be targeting a minimum of 1:2.5 as profit target. Note: the financial market is all about probabilities, which also makes my analysis a probability.Shortby MeekBosslife0
Euro dollar Am looking for buying opportunity to the upside waiting for a manipulation of London tomorrow by emilybunt120
EUR/USDThe Elliott correction waves have ended and the pair is heading to form a new impulsive wave as shown on the chart ALSO BSL VERY IMPORTANT AREA CROSS BSL LINE IT MEAN GOOZ UP FOR WAVE 3 ELLIOTTby aboalreesh0
EUR/USDThe Elliott correction waves have ended and the pair is heading to form a new impulsive wave as shown on the chart ALSO BSL VERY IMPORTANT AREA CROSS BSL LINE IT MEAN GOOZ UP FOR WAVE 3 ELLIOTTby aboalreesh0
waiting for more buys :)saw a break in the recent resistance, positioned my buys around 1.07050. now waiting around 1.07450Longby Triscaler0
EURUSDWe are going short on this pair. we wat for the pair to take out the previous momentum at 1.085 we have a Break of Market structure. waiting for 1.085 to go shortShortby itsGitauUpdated 3315
EURUSDEURUSD has made a double bottom reversal and shown a divergence and likely to form HH's & HL's.Longby mhamzasaeedm0
buy positionthis is my idea about eur/usd buy with strategy for eur/usd Longby Hemmati_hosseinUpdated 0
EURUSD - Key Area. Will the rally fail?OANDA:EURUSD Completed a small Gartley pattern on Friday, now we look for a rally to see if it's going to fail around the 1.0853-1.0880 area. There are bigger TF patterns that take it a lot lower with the first one down below 1.0600 and larger pattern below 1.0300. A move above 1.0950 could send it towards 1.1100 and even 1.1300. That's why this week is so critical to where we head next. I will post the weekly AI to see if we can find a CIT Window. Enjoy the week. Shortby L_FUpdated 113
EURUSD Jun 17th 2024EURUSD will go down first on the demand area and then continue bullish towards the nearest supplyLongby agus2580
EUR - USD D1 update!EUR - USD D1 update! 2024*06*17 - POINT GOATS COMMUNITY - - Trade like Whales - - Focus on the process not the money - ''Focusing on the process rather than solely on the goal means shifting your attention and emphasis to the actions, efforts, and experiences involved in the journey toward achieving a desired outcome, rather than being fixated solely on the end result.'' by Pointgoat0
EURUSD - Crucial support area still holdingJust a short video on what I am looking at on the EURUSD. The support area that has held from Friday, still appears to be holding, are we going to see a move to the upside? or some continuation to the downside?03:37by StellarTradingFX0
change the trend According to the behavior of the price in the current support range, possible scenarios have been identified. The downtrend is expected to continue up to the specified Fibonacci levels. Then the trend change will be likelyLongby STPFOREX0
EURUSD InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe. On the 6th, the ECB lowered its benchmark interest rate for the first time in two years. Four of the G7 countries have now cut their rates, and the market is now focusing on the Federal Reserve. At the FOMC meeting held on the 11th and 12th, the Fed decided to keep the rates unchanged but hinted at a possible rate cut later this year through its dot plot. However, the fact that the US May Consumer Price Index fell short of both market expectations and the previous month's figures is raising hopes for a rate cut once again. - ECB President Lagarde will be delivering a speech on June 17. - Eurozone CPI and US May retail sales data will be released on June 18. - The UK's interest rate decision will be announced on June 20. EUR/USD formed a peak in the previously anticipated range of 1.09000-1.09200 and has since been declining, breaking down past the 1.07200 line. Further decline is expected, making this a potential point for secondary response. The current important task is to determine the bottom. The expected first bottom is at the 1.04500 line, and the second bottom is at the 1.02000 line. To summarize the expected movements: 1. Mid-term decline to the 1.04500 line followed by a long-term rise to the 1.08500 line. 2. Mid-to-long-term decline to the 1.02000 line followed by a long-term rise to the 1.08000 line. If the movement differs from expectations, I will quickly revise the strategy.Shortby shawntime_academy0
Fundamental Market Analysis for June 17, 2024 EURUSDEURUSD: The EUR and USD pair starts the new week on a subdued note and consolidates its recent strong losses to its lowest level since early May, around 1.06700-1.06650 reached on Friday. Spot prices are currently trading around 1.07000 and look likely to continue the downward trajectory seen over the past two weeks. The euro continues to be undermined by concerns that the snap election in France will worsen the financial situation in the Eurozone's second largest economy, amid the right-wing National Front party's lead in opinion polls. On Friday, French Finance Minister Bruno Le Maire said the country faces a financial crisis if the right or left wins because of its big spending plans. This, along with a modest rise in the US Dollar (USD), confirms a negative outlook for EUR/USD in the near term. The hawkish stance of the Federal Reserve (Fed) following its June meeting, whereby the median forecast calls for only one rate cut in 2024, continues to support rising US Treasury yields. In addition, ongoing geopolitical tensions in the Middle East are another factor supporting the safe-haven US dollar, indicating that the path of least resistance for EUR/USD lies to the downside. Meanwhile, signs of easing inflationary pressures in the US keep the door open for the Fed's first interest rate cut in September. The bets were bolstered by US data released on Friday, which showed that import prices unexpectedly fell in May, further strengthening the outlook for domestic inflation. In addition, a University of Michigan survey showed that US consumer sentiment deteriorated sharply in June, which in turn may deter dollar bulls from aggressive bets and help limit EUR/USD losses. No important economic data will be released from the US on Monday, so spot prices will remain at the mercy of the dollar. Trading recommendation: Trade predominantly with Sell orders from the current price levelShortby Fresh-Forexcast20040
EURUSD Trading Journal EURUSD Trading Journal On the Weekly TF price continued delivering to a discount market. Monday and Tuesday Price was seeking lower prices that I anticipated and took out sell stops target from May 9. Happy to see on Wednesday Price rally to the Daily SIBI to rebalance as I suspected it to be a likely liquidity target. Wicking through to the mean threshold. Thursday Price was an immediate reversal from Wednesday range impacted by the news drivers. Friday Price again did seek a sell stop target for the win. Large range week with the economic news drivers. Wednesday AM during New York Session created the high and Friday AM New York session creating the low for the week. by LParnell0