EUR/USD Daily AnalysisThere's a clear bearish trend showing on the bigger picture for EUR/USD with price currently correcting to the upside. Be on the look out for sellers to come back into the market which will show on the smaller time frames first.by FusionMarkets5
EUR/USD: Bearish Momentum Continues with Key Levels in FocusEUR/USD Technical Analysis Trend Analysis: - The daily chart shows a clear downtrend, with stability in the bearish volume, indicating persistent bearish momentum. - Recent price action has been moving downward, suggesting continued selling pressure. Current Outlook: The price will continue to trade in a bearish trend as long as it remains below 1.0707 and 1.0745, targeting 1.0616. The EUR/USD is expected to consolidate between 1.0616 and 1.0707 until a breakout occurs. Bearish Scenario: As long as the price trades below the pivot zone, it is expected to drop to 1.0616. A break below this level could lead to the next bearish target at 1.0505. Bullish Scenario: For an uptrend to be established, the price must reverse and stabilize above the pivot zone, targeting 1.0796 and then 1.0853. Key Levels: - Pivot Line: 1.0710 - Support Levels: 1.0620, 1.0505, 1.0400 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0745 and the support at 1.0615. In summary, maintaining a position below 1.0707 supports a bearish outlook, with further declines likely. Conversely, breaking above the pivot zone could signal a shift to a bullish trend, targeting higher resistance levels.Shortby SroshMayi5
EURUSD SETUPHi traders! I think EURUSD will go up to 1.09869 level and then the trend will reverse. So if you are in sell position close and take long!Longby kamran6566
EURUSD 1h1H - several imbalances have formed above, and the context has locally changed to long. For healthy price movement continuation, it would be appropriate to see a price rebalance in the first half of the week, after which the decline can continue towards the targets formed this week.Longby yes_pls_max4
EUR/USDTechnical Analysis: EUR/USD The second scenario is to break the zone with a powerful candle in the range of 1.07882. Entry prices: 1.08557 1.07994 Profit limit: 1.06920 Loss limit: 1.09238 1.08400 Before using this signal and analysis, be sure to check your analysis chart. Attention!!! In these analyses, only technical analysis is considered So be sure to check the basic news before entering. Attention!!! 100% does not exist in financial markets So don't enter this signal hoping for a definite profit.Shortby ZADERAMEZAN-FXUpdated 101038
EUR/USD investment and the various aspects involved.OANDA:EURUSD Forex Market Overview The forex market is the largest and most liquid financial market in the world, with a daily trading volume exceeding $6 trillion. It is decentralized and operates over-the-counter (OTC) through a global network of financial institutions, brokers, and individual traders. How EUR/USD Trading Works 1. Currency Pairs: In forex trading, currencies are quoted in pairs. The EUR/USD pair indicates how many U.S. dollars (quote currency) are needed to purchase one euro (base currency). 2. Bid and Ask Price: The bid price is the highest price a buyer is willing to pay, while the ask price is the lowest price a seller is willing to accept. The difference between these prices is the spread, which is a cost to the trader. 3. Leverage: Forex trading often involves leverage, which allows traders to control larger positions with a smaller amount of capital. For example, a 50:1 leverage ratio means you can control $50,000 with just $1,000. While leverage can amplify profits, it also increases the risk of significant losses. Investment Strategies 1. Technical Analysis: This involves analyzing historical price data and chart patterns to predict future movements. Common tools include moving averages, relative strength index (RSI), and Bollinger Bands. 2. Fundamental Analysis: This strategy examines economic indicators, interest rates, government policies, and other macroeconomic factors. For example, if the European Central Bank (ECB) raises interest rates, the euro might strengthen against the dollar. 3. Sentiment Analysis: This involves gauging the market's mood or sentiment towards a particular currency pair. Sentiment indicators include trader positioning data and survey Types of EUR/USD Trading 1. Day Trading: Involves making multiple trades within a single day, capitalizing on short-term price movements. 2. Swing Trading: Holding positions for several days to weeks to benefit from expected market swings. 3. Position Trading: Long-term trading based on broader economic trends, holding positions for months or even years. Economic Indicators and Reports 1. U.S. Economic Indicators: - Non-Farm Payrolls (NFP): Measures job growth in the U.S. excluding the agricultural sector. A strong report typically boosts the USD. - Gross Domestic Product (GDP): Quarterly reports on economic growth. Higher growth rates can strengthen the USD. - Consumer Price Index (CPI): Indicates inflation levels. Higher inflation might prompt the Federal Reserve to raise interest rates, boosting the USD. 2. Eurozone Economic Indicators: - European Central Bank (ECB) Meetings: Policy decisions and rate announcements can significantly impact the euro. - Eurozone GDP: Measures economic performance across Eurozone countries. - Harmonized Index of Consumer Prices (HICP): Similar to the CPI, it measures inflation across the Eurozone. by ArinaKarayi5
EURUSDPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)by sepehrqanbari4
Eurusd pinbar reversalHere we can see a pinbar candlestick this suggests a reversal is imminent. My prediction is for a strong bullish movement on the hourly chart.Longby Dec2584
Will EURUSD Drop Again ?I see EURUSD in the 1.08172-1.07836 area, there is a base area (DBD), as a supply area for UERUSD, and there is an EMA 200, with the trend formed by EURUSD being a downtrend, based on the above it is very realistic to determine a SELL plan in the Supply area with SL above the supply zone and TP 2R is very possible to achieve. Hopefully I'm right and luck comes my way. Note: this idea is not a recommendation for making your trading decisions. All losses and profits are not our responsibility. Happy Trading keep safe.Shortby AHAFX105
EURUSD Bullish Reversal Alert-Key Entry & Profit levelsThe EURUSD is currently forming a Bullish Shark Harmonic Pattern (XABCD) on the 4-hrs chart. This pattern is characterized by a specific series of Fibonacci retracements and extensions, signaling potential reversal points in the market. __________Potential Reversal Zone (PRZ) and Confluence Factors_____ Point D, identified as the Potential Reversal Zone (PRZ), is a critical area where price action is expected to reverse its current trend. This PRZ is notably aligned with several confluence factors, strengthening our bullish bias: Key Support Area: Point D coincides with a significant support level, suggesting strong buyer interest and potential price reversal. Bullish RSI Divergence: The Relative Strength Index (RSI) is showing bullish divergence, indicating a potential shift in momentum from bearish to bullish. 78.6% Fibonacci Level: The PRZ is also at the 78.6% Fibonacci retracement level of the previous daily swing points, adding further credibility to the expected bullish reversal. _______________Trade Setup_______________ Given the above confluence of technical indicators, we anticipate a bullish trend reversal from Point D. The following trade setup is recommended: Entry Point: 1.07075, at the 50% Fibonacci retracement level. Stop Loss: Placed below the key support level at 1.06485 to mitigate risk. ____________Take Profit Levels____________ The take profit targets are strategically placed to maximize potential gains while managing risk: TP-1: 1.07665 TP-2: 1.08255 TP-3: 1.08845 Each take-profit level represents a logical point where price action may encounter resistance, providing opportunities to secure profits incrementally. Conclusion: The EURUSD is poised for a potential bullish reversal at the identified PRZ, supported by a convergence of technical indicators. By entering at 1.07075 and placing a stop loss below the support level at 1.06485, we position ourselves to capitalize on the expected upward movement. The outlined take profit levels offer a structured approach to profit-taking, balancing potential gains with prudent risk management. Recommendations: Traders are advised to monitor the EURUSD closely for confirmation of the bullish reversal before entering the trade. Adjustments to the trade setup may be necessary based on evolving market conditions and price action behavior.Longby trading_jupiter5
EURUSD, looking to go short for the rest of the week.CHOCH occurred which left behind a FVG. Multiple BOS's which confirms the CHOCH is valid, trade was running well until USD news today (core retail sales + retail sales). The market has offered us yet another chance to get in short before it dumps. Shortby AGBfx3
EURUSD → The currency pair may lose up to 2.5% ↓FX:EURUSD is testing the 1.0884 resistance again after breaking the local channel. But it does not lead to success, as the bears are not letting the price up yet amid the complex fundamental environment. Technically, the currency pair is under a strong resistance zone. The limit level of 1.0884, formed by a big seller, continues to have a negative impact on the price. EURUSD may test 1.0802 in the near future. It is necessary to monitor the price reaction to this area. A quick retest or consolidation could be a prerequisite for a downside breakout and further fall to the lower boundary of the global range at 1.0606 Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 I expect that the bears will continue to dominate the market on the background of the expensive dollar, which may lead to the fact that the currency pair may lose up to 2.0-2.5% of its value. Regards R. Linda!Shortby RLindaUpdated 7762
EURUSD SELLWait for confirmation of the Rising Wedge patter. Expected target is close to 1.0649 Shortby NitroGEN25884
EURUSD Buy (180pips)EURUSD broke trend to the upside then came down to retest. we could potentially get a bull run, Price Action is observed. Use proper risk management and Happy Trading. OANDA:EURUSD FX:EURUSD FOREXCOM:EURUSD CAPITALCOM:DXY Longby PLETHORAFOREXINSTITUTE4
DeGRAM | EURUSD rebound from supportEURUSD is moving in a descending channel between trend lines. The price is moving above the support level. The chart has reached the dynamic support. We expect a bounce from the support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM115
EURUSD H4 StrategyAfter a large decline last week, there is a greater chance of a rebound this week, but there is still resistance above 1.0780-1.0840. Recommended operation for this week: buy low, sell high strategy. But the operation of buying low can be more active. Strategy: Buy Zone (positive) @ 1.0640 - 1.0710 SL: 15-25 TP: 40-80 Sell Zone @ 1.0780 - 1.0840 SL: 15-25 TP: 30-60Longby HyperAlphaProUpdated 3
EUR/USD hit by weak Eurozone PMI dataThe EUR/USD got another reality check earlier today with the release of disappointing PMI data from the eurozone, suggesting that growth in Q2 may be lower than expected. Add to this the ongoing French election uncertainty and the rise of far-right parties across Europe, and the recent rise in oil prices, the short-term outlook continues to look bearish. As such, I wouldn't be surprise if the EUR/USD now establishes a new ceiling below the 1.07 handle, with the bears having defended prior broken support levels such as 1.0750 and 1.0790 successfully. The next potential support is the trend support at 1.0650, following by the prior low made in April around 1.06 handle. By Fawad Razaqzada, market analyst at FOREX.comby FOREXcom4
EURUSD Trading Signal: SellAttention Traders, We have a new trading signal for the EURUSD currency pair. Below are the details: Direction: Sell Enter Price: 1.07393 Take Profit: 1.07123333 Stop Loss: 1.07638333 Reasoning: Our forecast for this movement is made using the EASY Quantum Ai strategy, which analyzes various market factors to make accurate predictions. Here’s why we believe the EURUSD pair will move downward: 1. Technical Analysis: Key technical indicators point towards a bearish trend. Recent candlestick formations and moving averages indicate a potential drop. 2. Economic Indicators: We have observed negative economic sentiment surrounding the Eurozone, including weaker-than-expected economic growth data. 3. Market Sentiment: Sentiment analysis shows a rising bearish sentiment among large financial institutions and retail traders. 4. Geopolitical Factors: Uncertainty regarding ongoing geopolitical tensions in Europe contributes to the downward pressure on the EURUSD pair. Ensure you follow proper risk management practices by adhering strictly to the given Stop Loss and Take Profit levels. Good luck and happy trading! Note: This signal is generated based on the latest data and market conditions. Always confirm with your own analysis before entering into any trades.Shortby ForexRobotEasyUpdated 4
EUR/USD Nearing Range SupportEUR/USD sold off last week after FOMC and this pushed the pair back-below the 200-day moving average. The big question now is whether bears can push a test of range support, which was last in-play in mid-April when the 38.2% Fibonacci retracement of the 2021-2022 trend caught support. The 50% of that same Fibonacci setup had helped to set resistance in March at 1.0943, and that test took place over a three-week-period with sellers ultimately taking control. The range support zone was in-play twice last year, and this can be tracked down to the 1.0500 psychological level. - JSby FOREXcom3
EURUSD TRADE SETUPwait for retest the key level then take a trade for Sell otherwise skip this setupby JinnatAlamSumon4
MORE DOWNSIDEthis past week we have side a little bit of bearish movement from the euro and still expecting it to go down more as it has broken out of the neckline for going upwards, the pattern it has currently giving an M. HOPEFULLY this pattern can be completed this week and coming weeks which says the bears will be having fun Shortby ForxTayUpdated 8
EURUSD 30As long as the 1.07200 level serves as resistance, it suggests that the price is unlikely to break above this level. Therefore, it is advisable to look for a take profit at 1.06500. This strategy implies expecting a downward movement from the resistance level towards the take profit level. Monitor the price action near 1.07200 for confirmation of resistance, and consider closing the position if the price approaches 1.06500 to secure profits. 🤞🤞🤞🤞Shortby vbenking91114