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Eurusdlongsetup

EURUSD Technical Analysis and Trade IdeaThe EURUSD pair has reached a significant daily support zone. It's evident that the price has exceeded its usual range, and there's a potential for it to pull back towards the support levels. Within the video, we delve into the examination of the prevailing trend, price movements, market patterns, and other critical components of technical analysis. As we near the conclusion of the video, we explore a prospective trading opportunity, adhering to our customary practice of thoroughly explaining all covered aspects. It's important to emphasize that the content of the video should not be construed as financial advice. Remember, trading involves risks, so it's crucial to effectively manage your risk exposure.
by fxtraderanthony
2
EURUSD: What happens next if the news is still intriguing?The EUR/USD pair hovers around 1.0900 ahead of Wall Street’s close, holding on to modest intraday gains. The US Dollar failed to attract speculative interest despite a generally sour mood. Asian stocks edged lower as Chinese real estate sector woes continue, while the local central bank was unable to impress. The People’s Bank of China (PBoC) cut the one-year Loan Primer Rate by 10 basis points (bps) to 3.45% on Monday, as expected, following similar measures last week. The Yuan fell with the news, as speculative interest was waiting for a more aggressive measure to support the local currency. Support levels: 1.0860 1.0825 1.0790 Resistance levels: 1.0930 1.0960 1.1005
Short
by Sphyn-Trader
2
EURUSD BEARISH PATTERNWaiting at 1.07600 zone for best entry but not for swing. Entry would be just retracement on previous high atleast 50% fib @1.09500 This is only my higher timeframe view on EURUSD pair, the price atm is just a noise on or grabing liquidity on both sides, but a good sellside would win this price atm. But if you choose on a FIB retracements, were still on a 61.8% golden zone. so sell is an options of this, it might get us trap on the upside.. Trade base on your own decissiosn. FOllow for more. Thank you 400+followers and Goodluck....
Long
by D1GITALTRADES
EURUSD 30-Minute Chart AnalysisTraders and analysts alike are perpetually drawn to the intricacies of chart analysis. In today's discussion, we delve into the 30-minute chart of EURUSD, shedding light on its recent price movement within the symmetry triangle's second part. This analysis unravels the story of EURUSD's descent since August 10, 2023, and the compelling zones that have come into play during this intriguing period. 1. Support 1 at 1.09002: At the foundation of this analysis, we find Support 1 at 1.09002. This zone has been instrumental in halting the price's decline on multiple occasions. It signifies the market's willingness to prop up the EURUSD pair around this level, showcasing the impact of investor confidence and the potential for a rebound. 2. Support 2 at 1.08742: Deeper within the price's journey lies Support 2 at 1.08742. This level has proven to be a robust barrier against further declines, demonstrating its resilience as a technical stronghold. Traders are closely monitoring how the price interacts with this zone, as it could be a decisive point for the pair's next move. 3. Resistance 1 at 1.09627: As the price attempts to regain lost ground, it faces its first challenge at Resistance 1, situated at 1.09627. This zone has acted as a notable ceiling for the EURUSD's ascent, revealing the hurdles in the way of a substantial recovery. Observing the price's behavior near this resistance can provide insights into the strength of the ongoing bullish sentiment. 4. Resistance 2 at 1.10059: Moving further up the chart, Resistance 2 at 1.10059 stands as a testament to the market's determination to resist the price's upward momentum. This level symbolizes a key checkpoint for the EURUSD pair, and traders are closely gauging how the price reacts as it approaches this significant boundary. 5. Resistance 3 at 1.10500: At the zenith of this analysis, we find Resistance 3 at 1.10500. This level represents the highest point the price has managed to reach since August 10. The battle between buyers and sellers intensifies around this mark, as the price's interaction with this resistance could foreshadow a breakout or a retracement. Conclusion: The EURUSD 30-minute chart offers a captivating narrative of the pair's journey through a symmetry triangle's second part, encapsulating the dynamics of its descent. The defined support and resistance zones, each with its own story to tell, guide traders in understanding the prevailing market sentiment. However, it's important to remember that while technical analysis offers valuable insights, a comprehensive trading strategy integrates various factors, including fundamentals and psychology, to make well-informed decisions. As the market continues to respond to economic data releases and global events, traders are poised to leverage the insights gleaned from this technical analysis, ensuring a holistic approach to trading EURUSD and capitalizing on potential opportunities.
by enclavefx_Analaysis
EURUSD | Hidden Bullish Divergence | AB=CDEURUSD is currently at a strong support level, and it has tested a highly robust support zone before starting to move upward. Additionally, there is a Hidden Bullish Divergence observed on both the 1-hour and 4-hour timeframes, indicating a potential reversal zone (PRZ). Furthermore, a completed Bullish Harmonic Pattern AB=CD has formed, and this pattern coincides with the PRZ zone. The EURUSD pair has reached a significant support level and has shown signs of a potential bullish reversal with the presence of Hidden Bullish Divergence on both the 1-hour and 4-hour timeframes. Moreover, the completion of the Bullish Harmonic Pattern AB=CD at the same PRZ zone further reinforces the possibility of an upcoming bullish price movement. However, it's important to exercise caution and conduct further research and analysis to confirm the validity of these indications before making any trading decisions. Market conditions can change rapidly, so staying informed and considering multiple factors is crucial for successful trading.
Long
by awaisulabdeen
4
EURUSD - Wait for a long position ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.09000. Fundamental analysis: Upcoming week on Tuesday will be released monthly Retail Sales in USA. If the result is negative for USD it will support the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
EUR/USD 30M Support and Resistance LevelsSupport Level 1 (1.09105): At 1.09105, we observe the first level of support for the EUR/USD. This level has historically demonstrated its ability to halt downward price movement. Traders are advised to keep a watchful eye on this level, as any price action around 1.09105 could potentially signal a shift towards upward momentum. Resistance Level 1 (1.10050): The 1.10050 level serves as the initial resistance for the EUR/USD. A successful breach above this level might suggest a potential bullish breakout, possibly indicating an extension of upward gains. Traders should closely monitor how the price reacts around 1.10050 for potential bullish signals. Resistance Level 2 (1.10484): At 1.10484, we encounter a more formidable resistance level. Surpassing this level could signify a stronger bullish move in the near term. However, traders should exercise caution, as historical data indicates that breaching this level has been a challenging endeavor. Conclusion: To sum up, an examination of the 30-minute chart of EUR/USD illuminates crucial support and resistance levels that traders should be attentively observing. The support at 1.09105 is pivotal for potential reversals or the continuation of an ongoing trend, while resistance at 1.10050 and 1.10484 provides insights into potential bullish breakouts. It's important to remember that technical analysis serves as a guide, and prudent risk management practices are vital when navigating the dynamic landscape of forex markets. Always approach trading with careful consideration of the associated risks and rewards, as markets can be unpredictable despite the insights gleaned from analysis.
by enclavefx_Analaysis
EURUSD 30M Support and ResistanceIn the world of forex trading, deciphering technical levels is akin to navigating a map in uncharted waters. This concise analysis delves into the 30-minute chart of EUR/USD, shedding light on vital support and resistance levels that can empower traders in their decision-making. Support Level 1: 1.09514 Our journey begins with a prominent support level of 1.09514. This historical anchor showcases instances where EUR/USD has found stability amidst downward trends. Traders are keenly observing this level, as a rebound could indicate an impending upward shift. Conversely, a breach might imply further declines, underscoring the role of this support in gauging market sentiment. Support Level 2: 1.09344 As we delve deeper, the second support at 1.09344 comes into focus. This level acts as a reinforcing foundation, potentially providing a safety net if the price encounters downward pressure. Traders are attuned to any signs of the price respecting this level or potentially dipping below, which could lead to heightened market activity. Resistance Level 1: 1.09900 Venturing upwards, we encounter the first resistance at 1.09900. This juncture has consistently challenged upward momentum, representing a significant hurdle to overcome. A successful breach might herald a continuation of a bullish trend, while a retreat could result in range-bound movement. Traders are closely monitoring the price's reaction around this resistance level to assess its potency. Resistance Level 2: 1.10100 Building on the prior resistance, the second level at 1.10100 presents a pivotal milestone. Its significance lies in the potential for a price surge after surpassing the initial resistance. However, it also serves as a likely point for profit-taking, potentially causing temporary slowdowns or reversals. Traders are attuned to the interplay between upward momentum and resistance intensity. Resistance Level 3: 1.10500 The final resistance at 1.10500 stands as the ultimate challenge before scaling higher peaks. If EUR/USD clears the preceding resistance levels, conquering this juncture might signal a robust upward surge. Traders, however, must be prepared for heightened volatility and potential corrective moves around this level. In summation, the EUR/USD 30-minute chart paints a dynamic picture characterized by crucial support and resistance zones. Traders scrutinize how the price interacts with these levels to discern short-term sentiment and potential market direction. While these levels are invaluable guides, a comprehensive analysis, coupled with prudent risk management and consideration of broader market trends, remains paramount for crafting effective trading strategies.
by enclavefx_Analaysis
EUR/USD 30-Min Chart: Navigating Crucial Support and Resistance Step into the world of currency trading as we dissect the EUR/USD 30-minute chart. Unveil the technical intricacies that can illuminate your trading decisions by identifying key support and resistance levels. Support Levels: 1.09514: The initial stronghold. A potential bounce from here could signify an upward shift. 1.09343: Delving deeper into support. Keep a watchful eye for potential trend changes around this mark. 1.09101: The lowermost support. If breached, it might indicate a more substantial alteration in trend direction. Resistance Levels: 1.10120: The first hurdle. Breaking through this level could pave the way for further upward momentum. 1.10475: An intriguing juncture. Pushing beyond this might signal a strengthening bullish sentiment. Remember, the markets are ever-evolving. These levels are tools to guide you, not certainties. Blend them with a comprehensive trading strategy and consider broader market factors. Stay adaptable and trade wisely. Happy trading!
by enclavefx_Analaysis