Eur/USDThis is a possible trend. This chart helps gives an idea of what retail traders are expecting with the market.by WifeSaidGetAHobby0
eurusdict/In the bearish range after the Fibonacci correction, a drop is expectedShortby omidmusavian0
EURUSD - 1H SellThe EURUSD chart indicates a potential bearish movement. The recent price action suggests that the pair is experiencing a weakening of the bullish momentum. After reaching a recent peak, the price is showing signs of a downward trend, indicating a possible decline towards the highlighted support zone around 1.08400. The price action around this level is crucial; if the support zone fails to hold, we could see a continuation of the downtrend. This setup aligns with the current market sentiment, pointing towards further selling pressure. Traders should watch for confirmations around the support zone to determine the next move.Shortby Sober_TradingUpdated 3
EURUSD: gearing up for FOMCThe non-farm payrolls figures were in the market focus during the previous week, when macro data are in question. Surprisingly, they have been increased to the level of 272K, in May, much higher from the market expectations of 185K, and from 165K posted for the previous month. The unemployment rate in the US reached the level of 4% in May, from 3.9% for the previous month and as forecasted by the market. The US ISM Manufacturing PMI dropped a bit in May to the level of 48.7 from 49.6 forecasted by the market. The ISM Services PMI in May was a bit better than expected at level of 53.8 from 50.8 expected by the market. The ECB started pivoting, as announced at their previous meeting. The interest rate has been cut by 25 bps to the level of 4.25%. When it comes to question whether there will be further rate cuts, the ECB members will remain focused on the data, and will pivot further if the data show clear signs of decreasing inflation. Third estimate of the GDP Growth rate for Q1 showed no change from previously posted, and remained at the level of 0.3% for the quarter and 0.4% on a yearly basis. The unemployment rate in Germany remained steady in May at a level of 5.9% same as previous month and in line with market expectations. During the week the eurusd pair continued to move within the relatively short range, between 1.083 and 1.091. However, Friday`s jobs data brought some breakthroughs and a strong move of the currency pair from 1.09 down to 1.08. The RSI also reacted by reaching the level of 46, indicating that the market has clearly turned its view toward the oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines with a short distance. Still, there is no indication of a potential cross. The market made its move on Friday, pricing increased unemployment rate to 4.0%, which was more or less, in line with Fed`s macro projections. This was a signal to the markets on increasing probability that the Fed might start pivoting during the course of this year. In this sense, eurusd was pushed toward the 1.08 support line. It should be taken into consideration that the FOMC rate decision is scheduled for Wednesday, which might bring some increased volatility back on the market. At this point the question is whether the currency pair might go lower from current levels? Charts are pointing to some short term reversal, but not too much higher from current levels. The target might be around 1.085, but the 1.08 support line will be tested during the week ahead. On a longer time scale, the support at 1.067 is indicated as a next target of the eurusd pair, however, it will take some time until the currency pair reaches this level, because first 1.07 should be tested, before the next move to the downside. Important news to watch during the week ahead are: Euro: Inflation rate final in May for Germany, USD: Inflation rate for May, FOMC interest rate decision and economic projections, PPI for May, Michigan Consumer Sentiment preliminary for June. by XBTFX1111
EURUSD Uptrend Line Breakout At 1.07697. 10.06.2024Downside uptrendline breakout in EURUSD 4hr chart at 1.07697. If breakout holds: Target 1: 1.07338. Target 2: 1.07055 if 1.07338 is broken. If breakout fails: Target 1: 1.08154. Target 2: 1.08735 if 1.08154 is broken. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy1
downward trend The downtrend is expected to continue up to the indicated support levels. It is expected that the 78.6% level will not be broken and a trend reversal will be formed. Otherwise, the continuation of the downward trend will be likelyShortby STPFOREX2
Drop on EURUSDEURUSD is down over 100 pips after NFP. The downside move continues today and the next support is 1,0721. More USD news coming this week. The FED's interest rate will be announced on Wednesday . This news will determine whether the downside move has strength to continue or another reversal will fallow. Look for trades only after correction.by ForexTrendline111
#EURUSD - 10062024EURUSD made a complete reversal on NFP on Friday. I gave a long off the PZ or a short off the strong resistance level above for a possible move either direction. Instead, we saw EURUSD based off the PZ, moved up to 1.0896 strong level before a sell down on NFP and closed strongly bearish. Price action on daily and weekly indicate further downside. Not much major news till Wednesday. IMO, could be some choppy moves. Price is now at 1.0768 double support; could see a recovery from here (watch for the bullish hourly candle) to 1.0796 to close the gap and then to 1.0838 strong level. Overall, IMO, be nimble on longs. I would look to scalp shorts at 1.0796 and look for rejection within PZ at 1.0838 for a move lower to 1.0700 and possibly 1.0640 for a near term low. by FadeMeIfYouCan0
EURUSD is on the edge of Demand zone1. EURUSD retested from the Weekly Trendline. 2. For short Entry we have to wait for the demand zone to break. 3. If demand zone isn't broken we can look for a long setups. 4. Please support and follow more for the future updates...... Thank you.......by Sha_The_IconUpdated 4
NON FARM PAYROLL Successful Trade NON FARM PAYROLL Successful Trade Non farm payroll is not a day to trade according to my teacher. Which I support following this logic. I did want to test my theory of where Price would gravitate to what liquidity and why. I suspected that with Price shifting seasonly it seemed very likely for Price to seek a huge range to the sell side. I had a couple targets and put my take profit of below the range I thought it could go to. London created a short term high and a short term low. At 7 am the judus swing to press up and take the short term buys in London. I studied the DXY and this chart the noght before and identifed that it seemed likely for DXY to seek higher prices to FVGs and stops. It seemed very likely that noted lower TF FVG and Liquidity is what Price would seek for EURUSD. I was at the airport getting ready to board and felt so strong where Price was going so I trade my idea. I entered the trade once I saw the energetic displacement on the 809 candle that broke structure. Followed by a bearish order block tipping its hand further, I had to move my stop loss once to prevent me from getting knocked when Price pressed up. I exited and closed the trade at 1.08393. Great trade because I trusted my analysis and desired to test myself. This will not be a habit but its fun to see if I can analyze where Price is headed. Shortby LParnell0
EURUSDEURUSD weak during NFP now make lower point and tap in order block hope for buy in this pointby Moamur11
EURUSD Trading Journal Analysis EURUSD Trading Journal Analysis Price delivering to discount market on the weekly. Mondays huge price swing from taking the buy stops from April and declining to the 50% of the noted FVG. Tuesday Price higher creating a new swing high leaving buy stops liquidity while stying just above the 50% equilibrium. Non farm payroll volatility on Friday created the low of the week while Price rebalanced the lower TF FVG at range 1.07981. Great delivery this week to my noted sentiments. Celebrate. by LParnell0
EURUSD POSSIBLE MOVEJune NFP data caused price to create a liquidity void in the downside due to the high impact of the news. This coming days um expecting the price to break through 1.07890 swig low then after that um expecting the price to fill the void where um expecting to see price trading in a ranging mode which is likely to be a rising channel. filling 70% (OTE) of the channel then continues with the bearish move.Shortby webmhara0
EURUSD POSSIBLE MOVEJune NFP data caused price to create a liquidity void in the downside due to the high impact of the news. This coming days um expecting the price to break through 1.07890 swig low then after that um expecting the price to fill the void where um expecting to see price trading in a ranging mode which is likely to be a rising channel. filling 70% (OTE) of the channel then continues with the bearish move.Shortby webmhara0
EURUSD STRUCTURE Patience is a key factor when trading, This is the structure we will be following for this pair, it correlates with DXY negatively, as we expect DXY to cross above for us to buy and expect this to break below for us to sell off. Do well to like share and follow, stay safe and stay sound.by Dr_Trade13
Long Position IdeaLong Position Idea Bullish Reversal Probability Bullish Bat on H4 Low Rsi Volume Divergence Longby ironeagle51
MIGHT BE THE FUTURE FOR EUR/USDI think eur/usd is in a strong bearish trend for this current month by webmhara0
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Shortby ShahedZare4
Weekly trade planning sessionHi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week. Below are the indexes based on the 4HR wave structure. DXY: Bullish Reversal (+ve) EXY: Bearish Continuation (-ve) AXY: Reversal (-ve) SXY: Bullish Pullback (+ve) JXY: Bullish Pullback (+ve) BXY: Bullish Pullback (+ve) CXY: Bearish Continuation (-ve) ZXY: Reversal (-ve) ------------------------- BUY PAIRS: USDCAD, AUDCAD, GBPCAD, SELL PAIRS: EURUSD, CADJPY, EURGBP, EURAUD19:48by Charts247TradingAcademy0
Exhausting Sideways Movement in EUR/USDThe EUR/USD has been moving sideways for an extended period, which can be quite exhausting for traders. After making a higher high, the price quickly retraced and last week’s closing price was at the support area. green scenario For those considering a buy position, entering at support is a solid strategy, providing a good risk-reward ratio. NB: However, until the close, there are no signs of a reversal for a buy position. red scenario If you're leaning towards a sell position, the current level could serve as your confirmation. If the price breaks below support, there's an order block above that could act as a level to initiate a sell position. What do you think? Will EUR/USD continue its bullish trend, or will it reverse? Share your thoughts in the comments.by edoyuwon19090
EURUSD Will Explode! BUY! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0797 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.0844 Recommended Stop Loss - 1.0767 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Longby AnabelSignals111
EURUSD BuysEURUSD looking to push up from Fridays NFP, POI will be mitigated and take price higher.Longby CAPITALPFX1