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Eurusdlong

EURUSD SELLMonthly: 1. Direction: Bearish 2. Reasons: 1. price is disrespecting the FVG. 2. A good Displacement Weekly: 1. Direction: Bearish 2. Reasons: 1. Price respected the newly formed FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL 3. Trading Range Box: 1.7542 to 1.06020 Daily: 1. Direction: Bearish 2. Reasons: 1. Respecting the weekly FVG 2. Good displacement candle 4H: 1. Direction: Bearish 2. Reasons: 1. MMSM formation 2. FVG 3. BOS with displacement
Short
by tradermebiali
EURUSD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 1.08500. Fundamental news: Upcoming week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
recognising the euro cahrt in the past ( check comments )hi , don 't be tired . i analyzed the euro chart in the past 15 minutes and 4 hours , but for some reason i forgot to make public that i 'm going to put a link now to the euro in the time see and comment time frame and 4 - hour and weekly frames were at the center of descending tracks . ~~~ for doing so , it was necessary to perform 15 minutes of movement upward and then to the bottom to reach the time frame for 4 hours in order to get enough cash to collect and move down .
Short
by MDSDK1
EUR/USD: Potential Reversal Signals Amidst Economic Data In the dynamic world of forex trading, every fluctuation in currency pairs tells a story. The EUR/USD pair, a perennial favorite among traders, often serves as a barometer for global economic sentiment. In recent sessions, its movements have captured attention, offering insights into market expectations and reactions to key events. Yesterday, during the American session, the EUR/USD pair witnessed an uptick, largely attributed to disappointing housing data from the United States, which exerted downward pressure on the US Dollar. This movement drew attention to specific technical indicators that signal potential shifts in market sentiment. One notable observation was the formation of a Gartley pattern, a harmonic trading pattern that signifies potential trend reversals. Additionally, Fibonacci retracement levels indicated significant support and resistance zones, further corroborating the potential for a reversal. Moreover, divergence on the stochastic indicator on the daily timeframe added another layer of confirmation to this narrative. However, amidst these technical signals, the market received a dose of hawkish commentary from Federal Reserve Chairman Jerome Powell. His remarks bolstered US Treasury bond yields, thereby providing support to the US Dollar. This development added complexity to the analysis, highlighting the interplay between technical indicators and fundamental factors. As the London session commenced, all eyes turned to the EUR/USD pair, which appeared poised to continue its potential reversal and gain momentum. The absence of high-tier data releases from the US economic docket on Wednesday provided traders with an opportunity to focus on other catalysts influencing market dynamics. In particular, scheduled speeches from European Central Bank (ECB) policymakers, including President Christine Lagarde, and Federal Reserve officials promised to offer insights into monetary policy outlooks and potential market-moving statements. Traders anticipated these remarks with keen interest, recognizing their potential to influence the trajectory of the EUR/USD pair. Against this backdrop, traders were cautiously optimistic, looking for signs of a bullish impulse and a confirmed reversal. The convergence of technical signals and fundamental developments underscored the complexity of navigating the forex market. Successful trading strategies required a nuanced understanding of both technical analysis and macroeconomic factors.
Long
by FOREXN1
2
Bullish Euro data and Hawkish Fedspeak sends EU higherHello traders.. Ever Since April 16th we can observe a pullback on Eurusd. We recieved bullish fedspeak on April 16th, as Chairman Powell mentioned the recent interest rate hike intervention is not having it's intended affect. The jobs market is hot but the real issue is 2 consecutive months of increasing inflation. This issue may cause interest rates to remain high or even increase in due time to slow down the economy. We've seen a slight change in sentiment as the Dollar index has been ranging and selling off since this announcement. Possibly because the market is pricing in another (Risk-On) Interest rate increase by the Fed at the next meeting. This is causing market participants to put money into other asset classes that may offer a better return. It's not going into gold since gold is down 3% since the statement.. gold is a Risk-Off and safe haven asset class and one may expect this. It is neither going into Oil, as Oil is down 3.07% since the statement. Definitely not the stock indices, Nasdaq for example is down 2.23% since the statement. Maybe some of it is going into Bonds as the 10Yr Yield is down .5% since the statement. More has gone into Bitcoin, as it is up 2.74% since the statement. Moreso, the monies that have been flowing out of the USD since the announcement appear to be going Risk-On currencies. The Aud/Usd pair is up 1.45% since the announcement.. The NZD/USD pair is up .90% since the announcement.. Now we sort of see where the flow is going. Moving forward with EU, it is possible we may continue to pullback with this current Risk-On currencies market sentiment. This next daily candle is contending with the new daily resistance level, 1.07. These are my favorite levels in the short term here.
Long
by ShrewdCatfx
1
Another mini wave Upward for EUR/USD(4/22/2024)In our last analysis, EUR/USD FX:EURUSD Continued the bearish move and right now the price is ranging. We believe the price will move upward as a correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
Long
by fortunamarkets
2
EUR USD long Target This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European Central Bank's policy of Outright Monetary Transactions (OMT), the 'whatever it takes' measure that ECB President Draghi threatened in August 2012. EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher. The Relative Strength Index (RSI) indicator on the 4-hour chart recovered toward 50, reflecting a loss of bearish momentum. On the upside, 1.0700 (50-period Simple Moving Average (SMA), static level) aligns as first resistance before 1.0730 (static level) and 1.0750 (100-period SMA). Confirm long Target
Long
by JohnHarry_7
USD strength on Fear surrounding Israel Airstrikes 🗒️Hello traders.. Unfortunately, as War Conflict continues in the Middle east, the USD is feeding on the Fear and Uncertainty by acting as a safe haven during the final Asian session of the week. Earlier & During NY today, roughly 20 minutes before NYSE open, at price 1.06638, I created an update to our previous EurUsd Analysis. I mentioned that price may instead be retracing back towards 1.06345. The reasons were clean traffic to the left on the 1hr/4hr, the bearish 4hr candle close(that engulfed the 3 previous 4hr candles), 1hr resistance zone 1.06855 was respected during London Open, and most importantly perhaps was that we created a bearish scenario for a selloff prior to it occuring--> price may close below 1.0669 1hr support zone & do a retest before heading down. This is exactly the scenario that played out. Now here we find oursleves back at the lows of structure and the weekly candle is about break even. No news for the remianing sessions. Anticpating some clean price action to end the week.. Where? Bears need to get past the daily support level at 1.06184 and I dont see that happening tbh bc no red folder data. I can see us ranging and being choppy on this friday so beware. We may increase back to 1.0605 1hr resistance zone for a bullish scenario
by ShrewdCatfx
1
Are Eur/Usd Bulls done yet? 📰Hello traders.. we have another analysis here outlining potential scenarios for intra-day trading EurUsd. Look for 1hr candle closures outside 1.06855 1hr resistance zone and 1.0669 1hr support zone. Look at those ranges we could potentially trade .. up to 1.0712 or if we go down then 1.06345. We have no major news releases left this week except for unemployment claims in the next session.. forecasted to increase slightly and I don't expect any major volatility from this... if anything maybe boost in the direction of the preceding trend leading up to it. I'm looking at higher prices for the next sessions as 1 I made a long analysis on Sunday and we are up since then.. 2 the low of the week coincided with the fed speech on tuesday's NY session.. 3 the daily candle just closed strongly bullish for EurUsd with a wick to fill & bullish momentum. 4 Yes stock markets are getting beat up, signaliing risk-off USD strength sentiment but bond yields on the 10 year were up like 3.5% on the week and are now up 1% as we've had some very strong bullish momentum the past few weeks.
Long
by ShrewdCatfx
EUR/USD defends 1.06, can it move up to 1.0750?Hello traders, EUR/USD has managed to defend the 1.06 level so far. Currently, on the 4Hour chart, we are seeing the formation of a bullish candlestick. So, the question is whether there will be a sustained recovery in EURUSD? The first resistance level for the EURUSD bull lies at 1.0665. If the bulls manage to break this level strongly, then there can be further gains in EURUSD. In case of the bullish scenario, I would expect price to reach 1.0760 level. As long as 1.06 level remains unbroken, I would continue to buy the dips in EURUSD
by KaltoireCapital
6