EURUSD LONGEURUSD has successfully broken and retested the ascending triangle pattern it formed last week. Expecting this to be a high quality trade to end the month. Longby BlackSheepFinancial113
EURUSD | Will it go higher? i doubt it.Hey fellas. There is a confluence of structural resistances on the zone shown on the chart and i think it's highly probable that we'll see a reversal at this price zone. Good luck everyone!Shortby Palambir223
EURUSD MARKET OUTLOOK . CROSS ROADS AHEAD 📈EURUSD Anylisis 🔍Currently EURUSD Finds itself at a crossroads caught between two vitel daily structures. Looking ahead to potential moves here are two scen to watch: 1) Bullish outlook if the market breaks the trend line and seals the deal with a solid close above a hefty resistance line forming a Substantial falling wedge on the dialy chart it might be time to gear up for a bullish ride. Traders could set their sights on a target of at least 1.08700 2) Bearish perspective: on the flip side a Breach of the crucial 1.08150 support level could spell trouble for the bulls. This move would signify strong bearish confirmation possibly paving the way for a significant download plunge with a downsides Target of around 1.08500 In essence the fate of EURUSD hangs in the balance with traders eagerly awaiting signals of either bullish resurgence 🚀 or Bearish dominace in the week a head stay tuned for Updates! 📈Longby MrCharlie1Updated 43
EURUSD Bullish move for the day of weekFrom my look of things on the EURUSD im looking long movement to the finishing day of the week to close it with Bullish move people are to open share they share a different view or ideaLongby Walker2000222
SELL EURUSDEURUSD is in a bearish and descending channel on the daily and weekly timeframes. Next major drop will occur with a break and close below area 1.05 and with a target to the lower channel and the supply support zone at area 0.85.Shortby WaelHaz113
A B( triangle) then c wave for 2?I like this setup on a low risk sale at 10920-50… see if it plays out. Shortby mrenigma112
EURUSD - THU 30 MAY 24 - TRADE SETUPAMD Setup (Sell Stop) Price manipulation to the upside The market is likely to deliver to the downside Shortby karenzialvin112
DXY break down, means EURUSD upThis is a continuation of my previous TA. We have to look at DXY, it's currently touching support. If it breaks down (I am a bit biased there). Then we will see EURUSD go up. Daily graph on EURUSD looks even more bullish. The only downside would be that the pattern really is pulled towards support and I have seen this kind of patterns breaking down. My previous chart: Longby ram4nd112
Euro / U.S Dollar _ Under _ Trading _ Venue _ FXCMEuro / U.S Dollar _ Under _ Trading _ Venue _ FXCM Note : Price can be different with other Trading Venue. Next prices : $1.08721 $1.08763 $1.08817 $1.08839 $1.08873 1.08889 1.08904 1.08925 Short break from here.Shortby Skill-Knowledge-Conduct221
EURUSD BUYMonthly: 1. Direction: Bullish 2. Reasons: 1. A good Displacement 2. price is moving from IRL to ERL 3. price respected monthly OB Weekly: 1. Direction: Bullish 2. Reasons: 1. Price formed the new FVG 2. massive displacement to the upside 3. price is moving from IRL to ERL Daily: 1. Direction: Bullish 2. Reasons: 1. Respecting the daily FVG 2. Good displacement to the upside 3. price is moving from IRL to ERL 4H: 1. Direction: Bullish 2. Reasons: 1. respected FVG 2. BOS with displacement 3. formed good FVGLongby tradermebiali222
Look UpAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADER223
eurusd shport at short termeurusd is my bet to short at short term conditions, until 1.07733usd/eur trend and price actions looking for that bet,Shortby Carlosdrcunha111
EU idea for longBest for long term Conditions: Do not break the Fibo line 38.2%. And if the conditions are violated The price may go down to Fibo 61.8% or at price 1.02036. Longby KhunlopTrader111
Descending Channel on EUR/USD @ D1This descending channel pattern has formed on the daily chart of the EUR/USD pair following a long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel). Obviously, the SL isn't shown on the chart. I will only take a long trade from this bullish pattern setup.Longby AndriyMoraru331
EURUSD: Intraday:Upon examining the updated chart for EUR/USD, it appears our previous analysis was profitable. Let's break down the current chart and provide an updated intraday analysis based on the new information provided. Previous Day Analysis Review In our previous analysis, we noted key support and resistance levels, the short-term upward channel, and the highlighted support zone. The suggested bullish scenario played out, as the price respected the lower boundary of the channel and moved upward, yielding profitable trades for those who followed the strategy. The price is still moving within the upward channel marked in red. The lower boundary of the channel remains around 1.08600, with the upper boundary near 1.08900. Support and Resistance: The highlighted support zone (purple) around 1.08550 - 1.08650 remains critical. Near the lower boundary of the channel at 1.08600. The upper boundary of the channel at 1.08900. The price recently tested the upper boundary and pulled back, suggesting a potential retest of the support zone and the lower boundary of the channel. A rebound from the support zone would align with the short-term bullish trend within the channel. Trading Scenarios Entry Point: Near the support zone at 1.08550 - 1.08650. Target: The upper boundary of the channel that could around 1.08900 or more. Stop-Loss: Below 1.08500, just under the support zone. The intraday analysis confirms a profitable outcome from our previous analysis. The key levels to monitor include the support zone around 1.08550 - 1.08650 and the upper boundary of the channel at 1.08900. Maintaining a disciplined approach with proper risk management is crucial for successful trading. Longby AliSignalsUpdated 112
EUR/USD brainstorming early in the week market set-upAlthough this is only showing the Daily chart, I am overall looking to see EUR/USD (EU) go long. I would first like to see EU to make an attempt to go higher first in the beginning of the week to trap early long traders. Then I would like to see it Short those traders going long, which would in turn take out buyers stop losses. After early buyers have been taken out, I would like to see the market entice sellers. Once sellers are in the market, I would like to see EU bullish for the rest of the summer overall. However, we all should know to follow what the market is doing. We can expect the market to do something based off of our strategies and what we see, but we should never be one-minded when it comes to our analysis. Although I have wrote my sentiment about the market, and I expect it to do such. I am also waiting to see if it comes to fruition. If it does not, I will look for EU to sell vs looking for it to buy for the summer. Although we can play both sides of the market, in terms of buying and selling. The market, I believe has its long-term plan for its certain seasons, months, weeks, and days.Longby MoneyMew112
✅EURUSD has rebounded❤️EURUSD has rebounded off the crucial psychological support level at 1.08516, and it appears to be forming a. bullish flag pattern. A breakout of this pattern could lead to a further upward momentum.❤️❤️❤️Longby ICFinanceLTDUpdated 221
EURUSD has broke back of interests for the weekEarlier this week, ECB President Christine Lagarde expressed confidence in the euro zone inflation being under control. In contrast, the recently released Fed minutes indicate a negative impact on the committee's confidence in achieving 2% inflation and suggest that it will take more time to recover. The minutes were recorded before the latest US CPI data, highlighting that a single positive print is not enough for the Fed to consider interest rate cuts seriously. EURUSD was expected to give up last week's gains as the FX market focused on higher yielding currencies like the US dollar, Pound Sterling, and the Kiwi dollar. Despite breaking out of an ascending channel, EURUSD traded slightly higher in the London AM session following improved European flash PMI data for May. German manufacturing data showed signs of improvement, moving closer to the neutral 50 mark, and there was a slight increase in sentiment in the services sector as well. Channel support, now resistance, serves as the nearest challenge to dollar strength heading into the end of the week. 1.0800 and the 200-day simple moving average (SMA) present downside levels of interest.by Xayah_tradingUpdated 223
Current Trend of EUR/USD (May 2024)The EUR/USD pair is experiencing a downtrend in May 2024, which is historically a weak month for the Euro against the Dollar. Over the past 50 years, May has been the second-worst performing month for EUR/USD, with average returns of -0.62%. This seasonal pattern seems to be holding, as recent US economic data has been stronger than expected, putting further pressure on the Euro. Key Factors Influencing the Trend US Economic Data: Strong economic indicators from the US are contributing to the Dollar's strength, thereby weakening the Euro. Continued robust performance in US economic metrics could push EUR/USD further down. Historical Performance: May’s historical trend indicates a tendency for the Euro to perform poorly against the Dollar. This trend has been consistent, and the current market conditions align with this historical pattern. T echnical Levels: EUR/USD has been tracking its historical performance closely. A notable resistance level is observed in the low 1.2500s, which, if it holds, could lead to further bearish movements. Analysis Summary Given the historical context and current economic indicators, EUR/USD is likely to remain under pressure throughout May. Traders should be cautious and consider the broader economic data alongside technical indicators when making trading decisions. For further detailed analysis, traders can refer to sources like Investing.com and Forex.com, which provide in-depth technical and seasonal insights into the EUR/USD pair.Shortby udarasanje110
support n resistancelooking bullish on all timeframes. Already broke through key levels and now looking for new level to find some chill time.Longby Cmanly515110
EURUSD: Important Key Levels For Next Week 🇪🇺🇺🇸 Here is my latest structure analysis and important key levels to watch and trade on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader3310
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 4410