EURO-USDEURO-USD can be have correction trend at 1 hour time and this can be continue corrective trend to 1.08 and then can start up trend Shortby meetingtrade2
A Bullish Argument for the EUR/USD On the Monthly Chart the EURUSD has hit an old Resistance Level and bounced strongly (Rejecting Lower Prices) We now have Developed a Bull Flag on the Monthly Chart. On the Weekly Chart Price has made a 3 Wave ABC Retracement, Bounced off the 78.6 Fib Level and has now closed above the 5o Week MA and has Printed 2 Inside Candles. On the 4 Hour Time Frame Price Action has Produced another 3 Wave Retracement and closed above the 50 MA after finding some resistance at the upper Boundary of the Channel. Come down to the 15 Minute chart and things get really interesting. We now have 3 Waves up, Could this be and ABC retracement and Prices are going Lower? Very Possible, The other option is that we are looking at a 1-2 followed by wave 1 of 3. Meaning that after 2 Inside weeks, price is going to explode higher next week. Fundamentals - Large Speculators Went net short Euro futures Contracts in April 2024, this is their most bearish position in over 12 Months, in the last 5 weeks they have been Steadily going Long the Euro Contract, over the last 2 Weeks They have increased Long contracts from Circa 17000 to Circa 57000 Contracts and over this time EURUSD has dropped Circa 50 Pips. So this could be accumulation. Also on Friday we had a 0.1 Beat on EUR CPI and a 0.1 Miss on US Core PCE, This should be an added Tail Wind to the Long Idea. Longby craig.sloper.100
SHORTING EURUSDEURUSD showing strength to push low. Price creating fake break out on 4 hr chart but going to higher time frame, EURUSD is pushing lowShortby LyrebirdCapital115
EUR/USD Longs 1.08300I'm expecting the price to retrace back down to the 4-hour demand zone. Once it reaches this level, I'll wait for price accumulation to buy back up. If the price breaches this zone due to the Asian low underneath, I'll be more interested in the 6-hour demand zone right below, which looks more probable. I anticipate the price to rise and take out the pool of liquidity around the Asian high region. Once this liquidity is taken, I expect the price to slow down and enter the 11-hour supply zone, where we can look for potential selling opportunities. Confluences for EU Buys are as follows: - The Demand zone has caused a CHOCH to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro-trend trade. - In order for price to keep going up it must retrace and enter these key levels to trigger a rally. P.S. Since the price hasn't broken another level of structure as I expected, the 6-hour extreme looks more appealing to me. We'll see what the price decides to do on Monday. Have a great trading week and thanks for 1k followers!Longby Hassan_fx1118
A volatile week ahed - EURUSD Shorts DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive EURUSD lower. Challenging week up ahed guys, good luck! Shortby TheForexMessiah2224
EURUSD POTENTIAL SELLtheir is a breakout of the trendline to the downside and a deep retest which did not create a new high around 1.08853 before we saw the decline of the 4hr candle, which means that seller are fighting for domination, expecting a sell from 1.08485 back to the support level at 1.07327... the sell bias will be invalidated if price break 1.08839 to the upsideShortby AMBAFX1114
EURUSDEURUSD 2H In the chart, static and dynamic resistance intersect and cause the price to sell and than long time buyby MullaaX0110
EURUSD Jun. 01, 2024All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.by AlpacaBlackUpdated 2
Bigger correction down for EUHi traders, Last week EU went down and up in a range. The way price is moving it looks like it will make a bigger correction down to maybe finish the E-leg. If this analysis is correct we could see another downmove next week. After that we could see the bigger upmove. Trade idea: Wait for a change in orderflow to bearish to trade shorts after the finish of a correction down on a lower timeframe. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveShortby EduwaveTrading2
PENDING BUY ON EURUSDI EXPECT THE MARKET TO COME BACK AND FILL HE FAIR THE FVG and spike with bullish movement . he chart is very clean and ilustrative Longby EvarnickChaula0
EURUSD & DXY - Market Focus: ECB Rate Decision and US NFP DataEURUSD & DXY - Market Focus: ECB Rate Decision and US NFP Data This week, investors will closely monitor two key events: the European Central Bank (ECB) rate decision and the release of US Non-Farm Payrolls (NFP) data. These events can significantly impact market sentiment and provide insights into the global economic recovery. Let’s delve into what to expect from these crucial developments. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ 16:34by KlejdiCuni131339
eurusd trade idea large drop of price on friday creating a sibi, which can be used as an entry . but i would only trade in killzone. on monday , price action usually choppy , let see how it goes by ICT_spartan118
EURUSD ALERT: Strong Bearish Momentum!Hi traders! I think EURUSD will start a very strong bearish momentum this month. If you have long position close them and take short for lots of profit!Shortby kamran656118
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 229
sell positionIn the chart, static and dynamic resistance intersect and cause the price to fallShortby city19112
SHORT EURUSDAs we are seeing in the chart, 1. from the left in 1h, liq has been sweept 2. after the price have cleared the the liq it droped. 3. price went to retest the liq zone 4. from retesting the zone, it droped and left the gap 5. zoom to 15TF, wait the price to fill 6. short it. This is not a financial advice. Shortby BoaNergeTrading224