Selling on EUR/USDPossible Re-Distribution on the downtrend on M30 time frame at a 50 level of RSI with TP target at 1.0710by CORA-FX0
check the trend It is expected that the price will change the trend in the specified resistance range and continue the downward trend. If the price stabilizes above the 100% level, the downward trend will be canceledby STPFOREX1
#EURUSD - 12062024I was bearish EURUSD yesterday but was wrong that the gap would be closed. EURUSD practically made a fake up and failed, selling down from strong level to level, 1.0762 to 1.0723 before rebounding mid way. Daily price action continue to be bearish but it is at the extreme of the Bollinger Band thus any up move could be violent. Weekly wise, as mentioned, I am looking for further downside which we got for the past few days. Anything can happen, especially with CPI and FOMC today (though many see it as a non-event), but TBH I do not see the weekly candle closing green. But how that would play out might be tricky; it mean that market could go up first (that would be on CPI), then sell down again (that would on FOMC), or it could be up today and down tomorrow. Intraday levels can be used to trade accordingly; for example, price is at PZ now, which could be used to trade the move lower from here and 1.0722 strong level and also yesterday’s low for possible bounce etc. On the higher timeframe, I would be looking at 1.0796 (same level as yesterday) for possible rejection for the move lower to 1.0700 and 1.0662. If however, EURUSD continue its down move and 1.0700 trade first, I would look for long opportunities for a move to close the gap at 1.0796 before possibly further downside.by FadeMeIfYouCan0
EURUSD LONG IDEAI'm expecting Eurusd to be bullish after that bearish move based on a number of factors: 1. There was a gap to the downside. 2. SSL taken out. 3. Imbalance to be filled. Happy trading :-) Longby Hildahgitonga3
EurUsd Bearish PlanThe price has continued to drop over the past two days, confirming the bearish trend. Wait for the right price levels for a sell or buy position. Be patient, don’t rush. Take positions with a good risk-reward ratio. good luckby edoyuwon19094
EURUSD SELL | Idea Trading Analysis#EURUSD moving higher as it tests the strong resistance level. The price has reached the resistance level.. The chart is moving from the upper boundary of the channel. We expect the correction to continue.. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGroveUpdated 115
EUR/USD Short Opportunity: Riding Downside MomentumThe EUR/USD pair is poised for a potential downside move as key technical and fundamental factors align. Here's my analysis: Target Projection: With a clear break of 1.06, the EUR/USD could aim to take out the previous year's low, currently at 1.0450, and head straight for the level of 1.0377. This breakdown suggests that sellers are gaining control and may drive the pair lower. This downside target aligns with the bearish momentum and could be achieved by the end of May or leading into June. Due to possible Eurozone interest rate cuts. Short Positions: I've initiated short positions at 1.0802 and 1.0720 , anticipating the downward move. These positions provide an opportunity to capitalize on the expected decline in the EUR/USD pair. Rising US Bond Yields: The forecasted rapid increase in US bond yields adds further pressure on the EUR/USD pair. Higher yields attract capital flows into the US dollar, strengthening it against other currencies, including the euro. Potential Interest Rate Hikes: Concerns over rising inflation data could prompt the Federal Reserve to consider interest rate hikes later in the year. Such actions would likely support the US dollar and weigh on the EUR/USD exchange rate. Entry: Consider adding to short positions on any retracements towards resistance levels, but maintain a focus on the downside bias. Stop Loss: Set a stop loss above the recent swing high, 1.0813, or a key resistance level to manage risk effectively. Take Profit: Target the projected downside level of 1.0377, but consider adjusting the target based on evolving market conditions and price action.Shortby mackmackeyyUpdated 11
EUR/USD Buy Idea.EURUSD perfectly gave sell side move of 70 pips which I published over the weekend, now its on good demand area to have buys of around 45-60 pips range. Do remember to follow my account and do have a look into my ideas which I am publishing, I am sure my ideas will add some value into your trading.Longby HamzaGillani6
Possible EU playPossible EU Play During CPI and FOMC News. im abit on the sidelines on the Market but should be trading the news prior to price action of the above setupLongby lebogangseagi335
EURUSD remains tight as the market can take cues from PCE dataThe lack of US data last week resulted in lower volatility, benefiting the dollar and treasury yields. Low volatility favors higher yielding currencies in the FX market. The upcoming US PCE data could impact the dollar's performance. Better than expected survey data on Friday revealed a decrease in inflation expectations, causing temporary weakness in the dollar and a rise in EUR/USD. This recovery in EUR/USD may lead to bearish movement next week. If inflation in the eurozone, particularly in Germany, continues to weaken, the euro could face pressure midweek. Many ECB officials have expressed a preference for a 25 basis point cut next month, which could lead to further easing leading up to the June ECB meeting. In contrast, the May Fed meeting minutes showed a more hawkish approach and lack of confidence in reaching the Fed's 2% inflation target, supporting a stronger US dollar and higher US yields. The upcoming EU inflation data could cause the Lower German pair to trade lower. This could be further influenced by disappointing PCE inflation. If there is no new swing high at the beginning of the week, it may lead to a bearish move for the rest of the week. A sell-off could occur if the pair drops below 1.0800, while a bullish continuation would require surpassing the recent high of 1.0895 on a daily closing basis.by Xayah_tradingUpdated 8
EURUSD correction EURUSD has reached 1,0730 before to start a correction. The levels around 1,0800 are the first resistance. The market closed there last Friday and there is also 38,2 Fibo of the impulse drop. Keep an eye on these levels for pullback and possible test of the yesterday’s low. Bear in mind that FED’s interest rates announcement is coming tomorrow and significant fluctuations are expected.by ForexTrendline115
EURUSD 15 MIN BEARISH PATTERNeurusd 15 min bearish patterns down dise one movement are possible lets see whats hpn mktShortby Sandeepsingh554
E/U top down 11-06-24top down analysis using SMC made live for you so that eventually you can also understand how i operate on live markets if you want to know how i enter trades or how i see a certain asset just follow me, message me and i will most likely do a custom video for you. sorry for the very long video but i had a lot to say because market conditions are not very simple due to the EU elections. video stops and cuts me but there was not that much more to say.Long20:00by tommasomariacomini2
EURUSD : Long We try long position again: Position Size : %3 (3 unit ) Leverage : 29 Stop - Loss : 1.0745 Take Profit Level : 1.1023 Regards.Longby NoldoUpdated 4
EURUSD - Sellers WILL Pay The Price!Unlike other weeks, this weeks price action is much clearer with indicating where price action is most probable to attack. I'm betting sellers will be in for ALOT of pain this week!Short06:49by LegendSinceUpdated 0
Euro Slumps on Populist Surge: A Trader's Guide to Uncertainty The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll results paint a picture of a fractured Europe, with anxieties swirling about the future unity and stability of the European Union. Investors, understandably jittery, have reacted swiftly by pulling back on euro-denominated assets. This has resulted in a sharp decline in the euro's value against other major currencies. The coming days and weeks are likely to be marked by continued volatility in the eurozone, creating a complex environment for traders to navigate. Adaptability is paramount in this climate. With the potential for further political escalation, the euro's depreciation could accelerate. In such a scenario, shorting the euro – essentially betting on its decline – could be a viable strategy. However, this is a tactic that requires meticulous planning and precise timing. Traders must carefully weigh the risks involved against the profit potential. To make informed decisions, staying abreast of developments is crucial. Closely monitoring the political climate and key economic indicators that could influence the euro is essential. Real-time news updates, expert analysis, and access to reliable data sources are your weapons of choice in these turbulent waters. Additionally, implementing robust risk management techniques will be your safety net, protecting your investments from unforeseen market swings. The current situation presents a unique opportunity for astute traders. By evaluating existing positions, considering the potential benefits of shorting the euro, and formulating a well-defined strategy, you can transform these challenges into opportunities. While the path ahead may be unclear, adopting the right approach can empower you to thrive in this volatile market. By following these steps and leveraging our resources, you can transform uncertainty into an advantage and emerge from this market turbulence a winner. Shortby bryandowningqln0
EURUSD ADD MORE BUYS ON EURUSD TRADETP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Longby ArehmanB2
EURUSD**EURUSD:** This week's forecast is for the price to fall to the bottom of the channel and reverse the trend to the top.Shortby simaoxceps0
EUR/USD LONGMy main strategy is support and resistance, EUR/USD hits my support line, i took a long tradeLongby Vanea_4
DXYAccording to Technical Analysis in my opinion price is going to the down side to Weekly ERLShortby andy4444_0
EURUSD BUY NOW IN CASE IF YOU MISSED MY FIRST ENTRY TP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB114
EU long ideaa long postion was entered upon retest of resistance after a breakoutby jonathanelayoUpdated 117
Eur/USDThis is a possible trend. This chart helps gives an idea of what retail traders are expecting with the market.by WifeSaidGetAHobby0