EURUSD first range of the weekWatch this 15min FVG for price to sell out down to our lower target, please refer back to the higher timeframe chart for context on this range and idea as a whole! by rosshayes2
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Trade Update: EUR/USD We have some great news on our recent EUR/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 2 (TP2). This made sure that 80% of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to TP1 to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP3s. Stay tuned for more updates and happy trading! 🚀Longby TTradessss6
EURUSD 2/6/24EU markup following our previous weeks chart work, this is honestly pretty clear to us we have 2 options. We run bullish following the 4hour structure and taking us out of the higher timeframe range we have been within for 2 weeks now, or we fall in line with higher timeframe trend. Its how these 2 ideas play out or if they play out at all is the key point to keep in mind here. We sit within an internal bullish range that was given to us on Friday, if we close out above this high iam expecting price to run out the highs we have in place already and follow up higher into the hourly trend. If we follow what we think may happen then we expect to see price drop lower breaking us out of the bullish range we are currently in, this will in turn tell us we expect price to drop lower and break out of the bullish trend we are sitting within! Read price and follow what structure is showing you! by rosshayes5
Eurusd Eurusd broke the previous low then tapped into our supply zone.so now we wait for price to tap into that supply the last time before heading down even more.Shortby CurrencyMomentumFX112
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 ShahedZare2
EUR/USD Hello to all the esteemed traders! Today we are here to examine the engaging analysis of the Euro/Dollar currency pair in the 4-hour and 15-minute timeframe. It is February 6, 2024 and we are going to delve into the intriguing details of this analysis together. Join us for a more thorough and qualitative analysis to traverse this path together and make the best decisions along the way. Shortby fereydoon1199224
Expected bearish close for Monday 03 June 2024 - $1.08093RSI remains under pressure, MACD still not breaking median, linear channel remaining at 50% not breaking 50%, sellers placing market under tremendous pressure.Shortby wniebuhr0
EURUSD could turn bearishWith last week behind us, week 22, hopefully next week will be a little more volatile. Last week was quite unimpressive, to be honest, with only one day of actual volatility. Wednesday was a nice day for profitability and really one of my most profitable in some time. There are signs from Thursday and Friday, that the Bulls are going to push for the next session to drive prices higher. However, when you look at the order book on the buy side and see where the bulls have set up their levels of support for the upcoming week, there is a clear sign of uncertainty within their movement and they are actually planning for a lower than expected region. I suspect that next week's upcoming news events are going to play a major role in the decision making process they have done as they have moved their lowest support outside the their previous methodologies. With more than a 10 pip distance between a second and third level support, I think they are concerned that a good portion of next week is going to drive prices lower. The Bears aren't going quietly either or sitting by idly. They have already established a rough 10% resistance level in the orderbook. though it is only one level, I suspect this is going to change as the news events unfold. Time will tell, but I expect this week to be just as profitable, if not more so than a previous weeks considering the expected volatility.Shortby RobertD77230
EURUSD: A Sideway Consolidation with Bearish SignalsEURUSD is currently showing a sideway consolidation on the weekly chart, but the daily chart is painting a different picture: - Bearish Fib-3 Bat pattern with RSI Divergence I'm eyeing two potential entry points on the 1-hourly chart: 1. Resistance retest at 1.0852 2. Type 2 retest of the Bearish Bat Pattern at 1.0879 What's your take on this setup? Share your trade plans and thoughts in the comments!Shortby RaynLim1
Dollar Index and EURUSD analysis In my opinion i think the dollar index/eurusd is going to be strong 💪 this week, why? Because on the long term view the mkt is buy long on the dollar index and on the eurusd sell long, long term, although on the dollar index the mkt current movement is down so the short term view is long and is the same for the eurusd too sellLong17:25by jvanfx3
EURUSD: Bears Will Push Lower The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
EURO - Price can exit from triangle and fall to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from support area, which coincided with support level, and rose to resistance area. Then EUR started to decline in falling channel and soon exited from resistance area, making fake breakout. In channel, price declined until to support line, broke $1.0820 level, but then it made strong upward impulse. After this, price exited from channel and later started to trades inside triangle, where it fell lower support level again. Soon Euro bounced up from support line of triangle to resistance line, breaking $1.0820 level again. Recently it started to decline, so, I think EUR can little rise and continue to fall to $1.0820 level, exiting of triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon225
EUR/USDEU my Bias is clear in my opinion price is going higher to take out D EQHS from this 4h OBLongby andy4444_1
EURUSD Trading Plan Day 3/6/24Here is the some trading signals for you .. Buy Zone :-1.07400-1.07200 SL:- 1.06900 SELL ZONE :1.09300-1.09500 SL :-1.09800 BreakOut and retest:- 1.08800 and 1.8000Longby Oliver_Targets1126
EURUSD: Your Support & Resistance Levels For Next Week 🇪🇺🇺🇸 Here is my latest structure analysis and important key levels to focus on EURUSD next week. Resistance 1: 1.0880 - 1.0896 area Resistance 2: 1.0921 - 1.0942 area Resistance 3: 1.0947 - 1.0982 area Support 1: 1.0788 - 1.0800 area Support 2: 1.0723 - 1.0748 area Support 3: 1.0649 - 1.0666 area Support 4: 1.0600 - 1.0619 area Consider these structure for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader3319
EURUSD, short to bears accumulation zone 1.0768 - 1.0789Hi friend. Today sunday 08:00 UTC and EURUSD market closed. I analyse 1H timeframe and seen big bulls accumulation zone (green area). Between 1.0810 and 1.0870 market in agressive maner catching bulls and sold to them. But my opinion market do it very active .. and prcie will fall to bears acc area: 1.0768 - 1.0789.📉 Dont forget to support me. And have a nice trading week. 💪 Also remember that forex like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.Shortby JinFlark4
EURUSD: ECB rate decisionThe Fed's favourite inflation gauge, PCE Price Index, was standing at 2.7% in April, exactly in line with market expectations. Core PCE was 2.8%, without a change from the previous month. Core PCE was increased by 0.2% on a monthly basis, while PCE index was up by 0.3% for the month. The US CB Consumer Confidence in May was at level of 102.0 much higher from market estimate of 95.9. GDP growth rate, second estimate for Q1 remained at the same level of 1.3% q/q, and was in line with forecast. The Ifo Business Climate in Germany in May was a bit lower from market estimate of 90.4, ending the month at level of 89.3. The GfK Consumer Confidence in Germany in June was at level of -20.9, a bit better from forecasted -22.5. Inflation rate in Germany preliminary for May was 2.4% y/y in line with market expectations. Retail Sales in Germany were standing at -0.6% on a yearly basis in April, a bit better than the -1.9% posted for the previous month. Import Prices in Germany increased in April by 0.7% for the month. Inflation rate in the Euro Zone flash in May was standing at 2.6%, a bit higher from market expectations of 2.5%. Core inflation was standing at 2.9% y/y. For one more week the eurusd currency pair was moving within a relatively short range. The US PCE data were in line with market expectations, in which sense, there was nothing new to price. The highest – lowest weekly range was between levels of 1.078 and 1.088. The currency pair is ending the week at level of 1.084. In line with the low market movements, the RSI was also moving within a short range, around the level of 56-60. Based on the indicator, it seems that the market is still not ready to start a round toward the oversold market side. Moving average of 50 days is slowly diverging from its MA200 counterpart, however, within quite a short distance. PCE data did not provide any surprises to the market during the previous week, however, the week ahead might bring back some higher volatility. In the first place there will be an ECB Meeting and rate decision. The markets are quite optimistic that the ECB might cut its interest rates in June, taking into account inflation which is coming down, and close to 2% target. Still, some surprises might be possible, in case ECB members decide to hold rates a bit longer. On the US side, non-farm payrolls and unemployment rate for May will be posted in a week ahead. In case of any surprises which diverge from market expectations, there might also be some higher volatility. During the previous period, eurusd tested 1.08 resistance line on several occasions. Although breached, there has not been market strength to push the currency pair toward 1.09 level. On the opposite side, the market was testing 1.07 levels, and again was not able to break to the levels below. The week ahead might bring some changes to the current range. This will depend on both ECB decisions, and macro data in the US. Current charts are looking bearish for the week ahead. The next long term support line stands at 1.067, however, it will take more than one week for this level to be reached. At the same time, there is some probability that the market will test 1.09 for one more time, before it starts its final road toward the 1.07 down to 1.067. Important news to watch during the week ahead are: Euro: Unemployment Rate for Germany in May, ECB Interest Rate Decision, ECB Press Conference after the ECB meeting, GDP Growth Rate 3rd estimate for Q1 for the Euro Zone, USD: ISM Manufacturing PMI for May, ISM Services PMI in May, Non-farm payrolls for May, Unemployment Rate for Mayby XBTFX1113
Potential EUR/USD LongSetup is based on a forecasted channel I think price would trade within. Entry at touch of trend line, SL below the low formed to the left, tp at peak just before retracement. On m5 there's an Elliot Wave pattern building up within the retracement to entry on m15, enabling us to predict the end of the m15 retracement. Also, there's an SnR flip right at entry which could potentially cause price to bounce off. Longby SIE_Trader0
Potential EUR/USD LongSetup is based on a forecasted channel I think price would trade within. Entry at touch of trend line, SL below the low formed to the left, tp at peak just before retracement. On m5 there's an Elliot Wave pattern building up within the retracement to entry on m15, enabling us to predict the end of the m15 retracement. Also, there's an SnR flip right at entry which could potentially cause price to bounce off. Longby SIE_Trader1
EURO-USDEURO-USD can be have correction trend at 1 hour time and this can be continue corrective trend to 1.08 and then can start up trend Shortby meetingtrade2
A Bullish Argument for the EUR/USD On the Monthly Chart the EURUSD has hit an old Resistance Level and bounced strongly (Rejecting Lower Prices) We now have Developed a Bull Flag on the Monthly Chart. On the Weekly Chart Price has made a 3 Wave ABC Retracement, Bounced off the 78.6 Fib Level and has now closed above the 5o Week MA and has Printed 2 Inside Candles. On the 4 Hour Time Frame Price Action has Produced another 3 Wave Retracement and closed above the 50 MA after finding some resistance at the upper Boundary of the Channel. Come down to the 15 Minute chart and things get really interesting. We now have 3 Waves up, Could this be and ABC retracement and Prices are going Lower? Very Possible, The other option is that we are looking at a 1-2 followed by wave 1 of 3. Meaning that after 2 Inside weeks, price is going to explode higher next week. Fundamentals - Large Speculators Went net short Euro futures Contracts in April 2024, this is their most bearish position in over 12 Months, in the last 5 weeks they have been Steadily going Long the Euro Contract, over the last 2 Weeks They have increased Long contracts from Circa 17000 to Circa 57000 Contracts and over this time EURUSD has dropped Circa 50 Pips. So this could be accumulation. Also on Friday we had a 0.1 Beat on EUR CPI and a 0.1 Miss on US Core PCE, This should be an added Tail Wind to the Long Idea. Longby craig.sloper.100
SHORTING EURUSDEURUSD showing strength to push low. Price creating fake break out on 4 hr chart but going to higher time frame, EURUSD is pushing lowShortby LyrebirdCapital115
EUR/USD Longs 1.08300I'm expecting the price to retrace back down to the 4-hour demand zone. Once it reaches this level, I'll wait for price accumulation to buy back up. If the price breaches this zone due to the Asian low underneath, I'll be more interested in the 6-hour demand zone right below, which looks more probable. I anticipate the price to rise and take out the pool of liquidity around the Asian high region. Once this liquidity is taken, I expect the price to slow down and enter the 11-hour supply zone, where we can look for potential selling opportunities. Confluences for EU Buys are as follows: - The Demand zone has caused a CHOCH to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro-trend trade. - In order for price to keep going up it must retrace and enter these key levels to trigger a rally. P.S. Since the price hasn't broken another level of structure as I expected, the 6-hour extreme looks more appealing to me. We'll see what the price decides to do on Monday. Have a great trading week and thanks for 1k followers!Longby Hassan_fx1118