Short Liquidity Available. Bulls incoming.Too many retail traders thinking the shorts will continue either today or monday we'll see a reversal back up and the previous highs probably tested. This down trend isn't fundamentally justified to this extent. Major OVERselling. Longby KomeFXX2
@EURUSD Down trend needs to be corrected.2 Day sudden move down which is supported by the fears surrounding the EURO atm. That's fine but with constant negative news on the USD and 2 major news events today we're gonna get a correction and now is NOT the ideal time to short people think it is. Even if it goes to Monday i'm bullish at this point on EURUSD.Longby ProfessorMartin336
Bears continue to dominate EURUSDDear traders! EURUSD has bounced off the range support, as the price tested this support several times. Therefore, the upcoming prospects of EURUSD will be under dominant pressure from the bears. It is expected that this price drop will reach the 1.0728 mark at least.Shortby IAm_RyderUpdated 5518
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis The price consolidated below the trend line and formed a 3-wave structure, which may indicate confirmation of a further fall. This structure formed near the upper boundary on W1. since there was no retest. Global goals 1.04750. In the short term, we expect a fall to the levels of 1.07400. To cancel the idea, one can consider forming an ABC structure. To confirm, it is better to wait for the formation of a 3-wave structure on the junior time frame. Target 1.07400 - 1.04750Shortby Trade-U-Metta4
EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!Shortby RLindaUpdated 2224
Assessing the EURUSD trend: The bears are dominating!Hello everyone, Brian here! What do you think about the future trend of EURUSD? Looking at the 4-hour chart, EURUSD continues to be under pressure in a downtrend. This currency pair is under the control of the bears, with strong selling pressure since last evening. EURUSD has broken through several key support levels, the most recent being the psychological level of 1.080. Based on technical factors, I still expect and assess that EURUSD will continue to adjust further to the projected area after a mild retracement as indicated by the analysis.by Trader_BrianFXUpdated 8
EURUSD SELL NOW!!!!!!!!!!!!EURUSD made another breakouts in structure from the sell side liquidity and due to the selling pressure price creates fvg zone and am expecting a retracement from that zone then from there am taking a sell entry with tp 1.06169 JOIN AND ENJOYShortby CAPTAINFX24
Strifor || EURUSD-30/05/2024Preferred direction: SELL Comment: The price did not approach the level of 1.09000 , at least in the first half of this week, and the euro quickly fell to 1.08000 . In the short term, the decline is likely to continue. An important point, of course, will be today's statistics from the US on GDP , the labor market, and so on. We consider two scenarios, which are depicted in the graph. Scenario №1 assumes a fall from the level of 1.08000 , below which the price is currently located. Scenario №2 - preliminary growth above the level of 1.08000 , the buyer’s attempt to gain a foothold above, and to sell it will be necessary to wait until it closes below the specified level again. The target for the fall is considered to be at the level of 1.07500. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 113
EURUSD strategy has slight changesDear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the resilience of the US economy, support the ongoing narrative of divergence. Fed-ECB policy divergence and leans towards a stronger Dollar for longer, especially when considering the possibility of an ECB increase. reduce interest rates before the Fed. With this perspective, the possibility of EUR/USD continuing to weaken should be considered in the medium term. Similar to the fundamentals, technically on the 4-hour chart we see the trend changing, the resistance area continues to hold the price and is actively defended by sellers on the basis of the wave of correction and sell-off. Currently, there is a possibility that the currency pair tests the liquidity zone and then continues to weaken according to the technical outlook because the fundamentals are weak for the common pair. Expected targets at least on H4 are the 1.0767 and 1.0723 areas.Shortby ConanForexUpdated 1616152
👀EURUSD: Multitimeframe update👀The main difference between this post and previous analysis is that we've got some reaction from daily supply chain, and from here, we might see further bearish development ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Shortby Yelli_tradesUpdated 3311
EURUSD forms a double top patternOn the daily chart, EURUSD has formed a double top pattern, and the downside risk in the future market is relatively high. At present, attention can be paid to the resistance near 1.081. If the rebound is blocked, short selling can be considered. The support below is around 1.073. If it falls below, the support below is in the 1.060-1.068 area.Shortby XTrendSpeed0
Lingrid | EURUSD double TEST of the RESISTANCE. Possible SHORT The bulls' inability to break through the resistance zone resulted in a long-tailed bar on the daily chart, indicating a significant failure to push through the barrier. Despite making two attempts to breach the resistance level and move higher, FX:EURUSD instead rebounded from the zone, taking liquidity above the previous week's high. This reversal suggests that the market may be due for a downward correction. Notably, a double top pattern has formed, accompanied by a divergence in momentum indicators, which further reinforces my expectation that the price will make a strong impulsive move downward. I expect the market to break through the upward channel, triggering a potential downward trend. My goal is the support around at 1.07865 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby LingridUpdated 7738
EURUSD potential entries for buyI´m not sure yet which one of the zones will work. Pair is in a pullback phase, so be careful with entries. Enter after the reaction, not blindly on the entry zones. I will try to update this trade when-if entry conditions are met. Wish you good luck.Longby Rendon1Updated 114
EURUSD - still short Advice: Follow your own analysis and intuition to understand the direction and potential areas. My analyses are good and most often determine the correct price direction. However, do not copy my trades exactly! I have a very effective risk management strategy, and most of the time, I avoid losses, achieving either a break-even or 50% of the risk. I carefully manage reentry positions. Regardless of what I do and how I manage my trades, I am always very strict with the percentage of risk I allocate per area and with securing profits.Shortby KronFX1
EURUSDBased on the technical and fundamental analysis, the EUR/USD pair appears to be biased towards the downside, given the prevailing downtrend and monetary policy divergence between the Fed and ECB. Traders should remain vigilant of key support and resistance levels, as well as upcoming economic events and geopolitical developments, to make informed trading decisions. As always, proper risk management strategies should be employed to mitigate potential losses.Shortby TFXBR1
EurUsd Lower ahead of Next weeks Eur Rate Cuts?Usd strength! After those talks of Eur rate cuts next week by Euro central bankers. Lower rates means less monies flow into the Eurozone for the Carry trade. USD is taking advantage of this and strengthening. Look at that shooting star candle on the Daily timeframe. What a pre-cursor to a massive selloff on the Eur today. The price action was giving us hints as to what would eventually occur. If you go look at our previous posts from early in the week , we talked about the clean range to the downisde on EU and bam we just filled the range down to 1.08147 Daily level and have exceeded it by another 20 pips. We have our next key level at 1.0768 Daily support level. I'm anticpating more downside these next sessions but we may observe some shakeout volatility first. Safe tradingShortby ShrewdCatfx3
Take profit EURUSDYesterday EURUSD met the expectations and fell below 1,0800. Do not look for new trades at current levels but lower the risk and take profits. This means to move the SL and partially close the sell trades. A key support level to keep an eye on remains 1,0782. Today at 15:30 the US GDP data will be released!by ForexTrendline5
Elliott Wave Analysis Expects a Flat Correction as Wave 2 in EURShort Term Elliott Wave in EURUSD suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and pullback in wave ((ii)) ended at 1.0649. The pair extends higher again in wave ((iii)) ended at 1.0812 and correction in wave ((iv)) towards 1.0723 low. Then the pair extend higher in wave ((v)) with internal subdivision as an impulse in lesser degree. The 1-hour chart below shows the subdivision of wave ((v)). Up from wave ((iv)), wave (i) ended at 1.0790 and dips in wave (ii) ended at 1.0760. EURUSD then extended higher in wave (iii) towards 1.0870 and pullback in wave (iv) ended at 1.0831. Final leg wave (v) ended at 1.0895 which completed wave ((v)) and wave 1. The pair then started a correction in wave 2 and we are calling as a flat structure. First leg lower ended wave ((a)) at 1.0804 low and bounced to retest the highs as wave ((b)) ended at 1.0889. Near term, as far as pivot at 1.0895 high stays intact, expect dips to find support to end wave 2 correction before further upside. by Elliottwave-Forecast4
EURUSD continue buying according to the bull flag patternDear traders! EURUSD has formed a classic bullish structure (bullish flag). Theoretically the pair should strengthen further. And we are expecting a further move towards targeting at least the 1.0895 local high. A breakout and consolidation above this level will see the pair looking for higher highs possibly at 1.1000. If you like the idea, don't forget to leave a like and comment. I will be happy.Longby IAm_RyderUpdated 121254
Major (maybe final) push up for GUOTE + breached double top (fractal) The idea is really simple and if you're an ICT student and you've spent your time in the charts, your eyes will spot it right away but trading view wouldn't let me publish with a very short descriptionLongby efua2chilled0
EURUSD: Waiting quietly!This week, the primary factor influencing the Euro's price action will be the preliminary inflation data for the Eurozone for May, set to be released on Friday. This inflation data will offer fresh signals on whether the ECB will extend its rate cut policy into July. Before that, investors will be closely watching Germany's preliminary inflation figures for May, scheduled for release on Wednesday. Monthly headline inflation and harmonized inflation are expected to increase at a slower rate of 0.2%. Annual headline inflation is estimated to have risen to 2.7% from 2.4% in April. Conclusion The EUR/USD pair continues to gain strength due to the weakening USD and monetary policy expectations from the ECB. Inflation data and statements from ECB officials will be crucial in determining the direction of this currency pair in the coming week.by Trader_BrianFXUpdated 2
#EURUSD The pair has been buying for a long time. Now, probably is pullbacking to reset the levels which may lead it to bull. If it reaches to the POI indicated we may wait for creating buy opportunity.Longby BoaNergeTrading111
EURUSD possible LONG positionBias: Long Position Rationale: Based on the latest Commitment of Traders (COT) report, there is a notable shift in market sentiment: Decrease in USD Buying: The report indicates a reduction in USD buying activity against the Euro. Reduction in Euro Short Positions: There has been a significant unwinding of short positions on the Euro. These factors suggest a bullish outlook for the EURUSD pair, as market participants seem to be less inclined to bet against the Euro. Trading Plan: I am looking to initiate a long position in the EURUSD pair. My strategy involves waiting for the pair to reach a key support level identified on the chart. This approach aims to capitalize on potential upward momentum while minimizing downside risk. Longby EverlonUpdated 2