Euro can exit from wedge and rise to resistance levelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price broke the resistance level, which coincided with the seller zone, made a retest and even soon rose higher. But after this, the EUR turned around and started to decline inside the downward channel, where later the price broke the 1.0860 resistance level one more time and fell to the support line of the channel. After this, EUR rebounded from the support line and rose to the seller zone, thereby exiting from the downward channel, but soon the price turned around and made a downward impulse to the support level. Also, the price started to trades inside the wedge, where it first broke the support level, which coincided with the buyer zone, and some time traded below, after which rebounded up, breaking the 1.0670 level again. Later Euro rose to the resistance line of a wedge, and at once made a correction movement, after which a not long time ago rose back to the resistance line, where now it continues to trades near. In my opinion, the Euro can make a correction movement again and then rebound up to the resistance level, thereby exiting from the wedge. For this reason, I set my target at the 1.0860 level. Please share this idea with your friends and click Boost 🚀 Longby LegionQ8Updated 4419
EURUSD1M - the monthly timeframe is in a short context. The invalidation point of the context is at the 1.16 mark. Until this level is confirmed, we remain in a short context. The main target is 0.94.Shortby yes_pls_max0
EUR/USD Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar fluctuated around our significant Mean resistance level of 1.080. There are projections that the currency may experience an upward surge and complete the Inner Currency Rally of 1.084 before undergoing a downward transition to the Mean Support level mark of 1.074 and possibly further down to designated targets. However, it is also possible that the Eurodollar might go down to hit the Mean Support level of 1.074 from its current position. by TradeSelecter2
EURUSD short vibesReacting from price imbalance with a corresponding market shift after hitting some orders at 1.07850.Shortby fxsurgeon1223
EU Trade analysis EU is bearish on a HTF. Current structure: the market recently made a pull back to the extreme zone (MTF-IMB) filtered with 75% FIB. After rejecting on this IMB we saw high momentum to the down side but not internal swing lows were taken out> meaning internal bullish structure is still valid until we see internal CH. We are presuming that the market might sweep the liquidity resting just above LTF-LH after internal BOS. then take out last swing low to provide us with CH>Realignment. During pre-market open we will preview our expectation and adjust accordingly. Shortby Ocean987717
EURUSD BULLISH CONTINUATION OUTLOOKAfter the news that came on Thursday and Friday, we can see that price on the 4H chart took out the Internal Range Liquidity and made a shift of structure to the upside. So for this week for me I expect to see a retracement continuation into the Internal Range Liquidity before taking out the External Range Liquidity to the upside.Longby givemesomepips0
EURUSD Bullish ScenarioAs EURUSD approaches the higher time frame's POI zone, we're likely to see a response in the lower time frame. Two notable liquidity zones stand out on the chart. the trendline liquidity and static liquidity. These areas could serve as targets for future buy setups. Keep in mind that the "weak supply zone" mentioned has been touched several times, hence its label. It's more suitable for short-term reactions in the lower time frame. Join me in a detailed analysis of key zones and movements on the EURUSD chart. Let's uncover potential strategies and discuss market implications together. Your thoughts and insights are highly welcome in the comments Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Longby BiaxarUpdated 1110
EURUSD OutlookPrice Is An Area Of Confluence. Daily Falling Trendline. Key Resistance Level. Price is Struggling To Reach Resistance Level With Multiple Candlesticks Rejection. We Have H4 Rising Trendline If Price Breaks It Triggers Our Short Position. If Price Rallies And Breaks Resistance Level And Trendline It Triggers Buy Positions. by Victor_Kinyanjui0
EUAOI,LQ AND ORDERFLOW... need price to go raid my primary liquidity below,tap into my order block, and buy into the above AOIs for the sells continuation.by AguFX1
EUR/USD Echoing Bullish Picture Ahead of US CPI Data Europe’s shared currency eked out a marginal gain of +0.1% versus its US counterpart last week, marking a fourth straight week in positive territory for the major currency pair. This will be a watched market ahead of Wednesday’s US CPI print, with technicals suggesting a move higher in EUR/USD from short-term support. Long-Term Picture There is little change evident on the monthly scale; buyers and sellers continue to square off just north of support coming in at $1.0516. Overhead, the 50-month simple moving average (SMA) calls for attention at $1.1122, closely shadowed by a layer of resistance at $1.1233. Aside from the aforementioned structure, trend direction continues to lean in favour of bears, emphasising relatively clear lower lows and lower highs since 2008. While a bearish vibe is realised on the longer-term chart, things are more optimistic on the daily timeframe. After recovering from a support area between $1.0726 and $1.0739, buyers appear to be at the wheel for now (early uptrend visible through higher highs/lows off the bottom formed at $1.0601). While Quasimodo resistance at $1.0802 (black arrow) could ‘throw a spanner in the works’ for further upside this week, any meaningful push higher may take aim as far north as daily resistance between $1.0883 and $1.0864. Short-Term Picture As far as the shorter-term picture goes, H1 resistance appears limited/weakened between the current price and the $1.08 big figure, which happens to coincide closely with daily resistance highlighted above at $1.0802. US hours on Friday witnessed moderate selling, consequently directing the technical headlights towards H1 support at $1.0754. As a result, considering the room for daily price to run for at least $1.0802 resistance, H1 support from $1.0754 could be a location buyers make a show from this week, targeting at least $1.08. Longby FPMarkets4
🚨EURUSD will Go Down by Ascending Broadening Wedge Pattern🚨🏃♂️ EURUSD is moving near the 🔴 Resistance zone($1.0806-$1.0781) 🔴. 📈According to Classical Technical Analysis , EURUSD seems to have succeeded in forming an Ascending Broadening Wedge Pattern . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect EURUSD to at least decline to the 🎯Target🎯 I have marked on the chart. Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Shortby pejman_zwinUpdated 131349
EURUSD. Weekly trading levels 6 - 10.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. 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. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket and Subscribe!!!by Forex_HobyUpdated 6
EUR/USD BEARISH BIAS RIGHT NOW| SHORT Hello,Friends! EUR/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.072 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 2210
Bullish AB=CD Pattern with Divergence on EUR/USD ChartOn the EUR/USD chart, a compelling bullish opportunity has emerged with the identification of an AB=CD pattern accompanied by bullish divergence, suggesting potential upward momentum. Here are the key details: Entry: 1.07 Stop Loss: 1.05 Take Profit: 1.08 Capitalizing on potential upward momentum with controlled risk.Longby nilambano32
EURUSDThis strategy name SMC , actually Im not using this strategy. But if it true ... “In order to succeed, you first have to be willing to experience failure.” “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” “You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.” ― Yvan Byeajee Longby DuckTGold115
EUR/USDthis is my idea ok i hope my idea to be right and i am happy to help you if you want more idea like this just give me a like and commentLongby yourk7900
Short EURUSD, 4HShort EURUSD, 4H entry 1.06896 - 1.06800 sl 1.07375 tp 1.06000 - 1.05744 - 1.05212 move sl to entry if price reach 1.05744 im hedging long & short. hedging if u know the risk & how it works. OANDA:EURUSD Shortby hanjieun025Updated 2
EUR/USD: Sell in the 1.0800-1.0810 rangeSome clues about the reason for yesterday's decline in the U.S. dollar index can be found from the time node. Especially the data released at this time node, there is no doubt that there is a greater relationship. We can see that the number of initial claims for unemployment benefits and the number of continuous claims for unemployment benefits in the United States announced yesterday have increased, and the number has also reached a new high since August 2023. There are various signs that the domestic employment situation in the United States has deteriorated, resulting in an increasing number of people receiving unemployment benefits. When combined with the previous poor non-agricultural data and the sharp decline in the first quarter GDP data of the United States, these factors can become a serious problem. Mountains are pressing down on the U.S. dollar index, so yesterday the U.S. dollar index suddenly went into a downward trend, stimulated by the unemployment benefits data. If there is another capital outflow at this time, it would be normal for the U.S. dollar index to fall further. At the same time, I am also certain that this state will not last long, because the protective behavior of the US dollar index will appear at any time, so we cannot be bearish on the US dollar index at will. Instead, we must beware of the US dollar index’s desperate counterattack, and we must resolutely beware of the US dollar index going out of its normal range. The wave first suppresses and then rises. As for the operation strategy, I suggest you choose the opportunity today to buy the U.S. dollar index at low prices and short the non-U.S. currencies at high prices. As long as the pressure on the U.S. dollar index slows down, a U.S. dollar counterattack is likely to occur. Therefore, everyone should be careful, grasp the operating rhythm, and short-term trading is enough. To sum up, today we should focus on observing the actual trend of the U.S. dollar index, and choose the opportunity to buy at low prices; corresponding to European and American currencies, we will be slightly cautious in short selling on highs today. Based on the market, we will give the following suggestions, refer to operations as appropriate, and take short positions: EUR/USD: Sell in the 1.0800-1.0810 range, stop loss 20 points, target 1.0780, 1.0760, 1.0740.Shortby Get-rich-signalUpdated 1112
UR USD short for long timeI think Euro usd will go for short now. I am expecting a deep drive to the short position for a week. So I will take a trade on short position and I am also suggesting to all. Shortby abonile1223
Eurusd longEurusd long. Just a idea. Dont follow . I might be wrong and always wrong. Trade at your own risk. Longby akmalsabran902
QQE4 with EURUSD LongUsing QQE4 as one of leading indicators for triggering Buy/Sell entrances - QQE4 was below 35 and crossed up. St MACD H-A is a confirmation of Buy trend.Longby EngiNole1
Short EURUSD based on 15M ICT Unicorn breakerEURUSD is in premium zone on daily chart. EURUSD created a 15M ICT unicorn breaker to go short in line with higher timeframe directionShortby ICTTradeTactics5