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Eurusdprediction

EURUSD Intraday Long on NFP Day.Hello Fanatics! Today is NFP, which is usually a low-quality day to be trading. We never know what is going to happen. My tip is to wait for the news release to be out and only then look to flow with whatever the market is showing you. Today, I am just testing this video recording and sharing a quick idea on EURUSD. Based on all the timeframes - we are stuck between supply and demand zones, so it's low-probability to start with. However, there could be a quick intraday move into a 4H Imbalance. Waiting for 1H or 15M context to enter from and target the 4H Zone.
by TradingFanatic
EurUsd treads in a Gray area preceding April NFP 📌What a Trading day.. a Continuation followed by a sharp selloff. The continuation was called out here at ShrewdCatFx and the Selloff was punishment to late buyers I suppose. NFP data tomorrow will likely take us for a ride as It typically does.. Direction? I'm leaning for more upside despite our weak Daily candle closure today. Why? I like the optimistic remarks by the fed this week and the market ate it up. Yes we've pulled back dramatically leading into NFP data tomorrow but the weekly candle is still bullish and US30 stock index is at a nice support level(after pulling back all week), suggesting a Risk-on Friday. 4hr timeframe, wild week with dramatic selloff to begin followed by massive move up with USD data and speech Daily timeframe, Buyers rejected as the Thursday Daily candle closes a shooting star candle that coincides with a Daily resistance level 1.08372! The Weekly timeframe, price is respecting 1.07652 so far this week but we still have NFP which could cause a lot of volatility Monthly Range!
Long
by ShrewdCatfx
Optimistic Market on remarks by Fed Chair, J Powell ♦️The Market is Flying with Optimism after ADP data was better than Forecasted, Services data missed forecasts but Fed Chair Jerome Powell has said that he does not think that inflation is reversing higher. The monthly candle has flipped bullish along with the Weekly candle as price has done a complete 180 from our initial selloff early in the week. Yes, we dropped to begin the month but it was the first day of the month and each monthly candle has a top and bottom wick. The tuesday daily candle closed back above the weekly level 1.0765. The wednesday daily candle dropped slightly and retested 1.0765 prior to blasting to outer space. That is one mighty candle and trading against itis not impossible but will require extra monitoring. We observed some very nice volatility today as we completely blew through the daily resistance zone 1.079 and are currrently testing daily resistance level 1.08372. The asian session 4hr candle closed above this daily level 1.08372 and we may keep flying . If not, and we come back down to earth, then I anticipate a retest of 1Hr support zone 1.0833 prior to more significant buying pressure. London may just shoot up to the next 4hr zone then pullback as we transition into New York Open is another scenario that could play out. We may observe some volatile ranging prior to NFP on Friday. It's important to look left to see what zones are most relevant for the new days trading. the prices I like for the upcoming sessions include 1.08429 1hr zone, 1.08524 4hr resistance zone, and 1.08330 1hr support zone.. safe trading
Long
by ShrewdCatfx
EUR/USD at critical support, trade with cautionHello traders, EUR/USD is at a very critical support zone. I say critical because this is the last noticeable support zone. The next support lies far lower at 1.0460. So, at this stage, it would be wise to exercise caution, especially buyers. We can see that price has already gone up by 45+ Pips from the support zone. In the past, there were 2 occasions where EUR/USD went up from this zone. So, if anyone I wants to buy, I would recommend buying at 1.0700-1.0730 with Stop loss below the 1.0690 level. Targets would be 1.0850 and 1.0950 Today, we have some important data release and also Fed Chair Powell's speech which wil lead to a lot of volatility.
by KaltoireCapital
13
+120 Pips profit booked in EUR/USD, more uptrend ahead?Hello trader, our previous idea yesterday about buying EUR/USD@1.0730 zone was super hit as price went up more than 120 pips from the lows. (We have linked the previous idea below for you to cross check) Currently, price is well above the 1.0720 support zone. So, we can say that the support zone is unbroken. In fact, price has also moved marginally above the 100-day EMA level which is a bullish sign The next resistance lies at 1.0990 level . I expect price to reach that level within a couple of weeks. My recommended strategy is to buy the dips in EURUSD
Long
by KaltoireCapital
4
EurUsd Pullback treads between Key Level's 1.0765/1.0790 🎚️Hello Traders.. In our previous analysis (24hrs ago) we called out Longs/Buys from 1.0732 and price is currently 1.0770, an increase of 40 pips. The Monthly candle pulled down to begin the month and as we enter Wednesday the candle is returning to Break even after dropping 60 pips. The market now treads above the weekly level 1.0765 and will this sustain until the end of the week.. it's possible although I dont think we've seen the end of USD momentum this week but maybe we have. Maybe the market will pull up it's pants and the Eur will make a difference lol. The Tuesday daily candle closed bullish back above the weekly level 1.0765, this level we must watch closely... The wednesday daily candle already broke the high of the previous candle .. hmm... If we do head bullish I see us tapping into the daily resistance created on Monday at 1.079. Otherwise we created a daily support level today with the Bullish candle close at 1.0742. We do have a good amount of data in the upcoming session which could cause some volatility. I can see buyers pushing price to the Daily level 1.079 where we may see Sellers step back in. Today's session could be tricky and flexibility will be key.
by ShrewdCatfx
Fomo Liquidity Pullback 🤐Anticipating a pullback with London session to clear Fomo liquidity. Depending on the amount, we may observe a pullback to 1.07435 4hr Resistance zone. If the market is extra stubborn then we may see a more sustained pullback to 1.075 area. Manufacturing data during NY session today surprised to the upside and beat the forecast creating a dramatic selloff on EurUsd. Not surprised for us here at ShrewdCatFx since we have been outlining the Market sentiment surrounding USD with hot labor market and increasing inflation readings last month of March. Good manufacturing data was just gasoline on the already hot USD. On another note, it's the beginning of the week still.. it's pretty early in the week and we've already observed some great volatility.. I believe we may observe some rversion to the mean for EurUsd and London will cause some pullback volatility to gather liquidity and plus it's only Monday. We still have ADP and NFP which will be a good excuse for more volatility.. so in the meantime we may mess around and range or pullback.. if not then I may be wrong and our next 4hr zone 1.07265 and 1.07105 are our next short targets for the upcoming sessions which has USD job openings news which is forecasted to decrease slightly across the previous data point which lines up with some at least short term EUR strength.. safe trading
Long
by ShrewdCatfx
2
EURUSD Technical Analysis and Trade IdeaThe EURUSD has experienced downward pressure, evident on both the daily and 4-hour time frames. Currently, the price is overextended, and I am actively seeking a shorting opportunity if the price retraces around the 50% to 61.8% Fibonacci level. In the video, we delve into price action, analyse the trend, evaluate market structure, and discuss a specific trade idea with defined entry points, stop loss, and target levels. As always, please remember that this information is solely for educational purposes and should not be considered as financial advice.
Short
by fxtraderanthony
EurUsd Beginning of Q2, 2024 📅Hello Traders, the March Monthly candle has closed bearish with a large top wick which looks to have rejected the top of our Monthly range at 1.1028. We now have 3 Monthly candle closing bearish consecutively which suggest more downside on EurUsd possible as we enter Q2, 2024. The top wick on the March monthly candle looks like a fresh liquidity grab for a push towards our monthly support level 1.057 in April. Our first stop will be the February monthly candle low price ( 1.695). Strong Jobs data in March and increasing Inflation readings suggest continued uncertainty surrounding the Fed's ability to get a handle on the market. In the meantime we can observe USD strength Q1 ,2024 and this may continue as we enter Q2. Anything can happen in the markets and it's important that we always remain flexible in our approach and strategy for profiting from the markets. In the short term, our key levels of interest are Daily Resistance level created last week 1.08373. Another key level being the level that we mentioned multiple times last week, 1.0765 weekly support level. The Friday daily candle (march 29th) reacted off here and closed bullish. The next key level is 1.07105 Daily Support Level. Monthly Weekly Daily
Short
by ShrewdCatfx
EURUSD ANALYSISThis is my anticipation on the EURUSD, our daily time frame recently broke structure to the downside, we would then do good to anticipate a pullback after the expansion BUT before we can anticipate that pullback, we need to see or have a confirmation in price on a time frame lower than the daily which will confirm our bias for the bullish pullback, as showed in my analysis, I wanna see price trading lower first to take the sellside liquidity first before we can begin the pullback, should price continue trading lower and not give us any confirmation for a pullback, we're not gonna engage, we simply let it go for this particular week, the same applies for when price just pulls back without first taking the sellside liquidity.
by TheHumanArsenal26
1
EUR/USD SHORT/SELLEURUSD appears to have broken the lower trendline on the 4-hour time frame. We expect a retest of our entry level before a downtrend. Additionally, as of the 26th, reports show that 14,959 short positions were added by large speculators, indicating a downtrend for the week. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of fundamental, technical analysis, and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade. 2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert. 4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity. Trade responsibly. Past performance is not indicative of future results.
Short
by Pro-Trading-Africa
EUR/USD Bearish outlook and potential sells from 1.08200My perspective on EU is to anticipate its bearish trajectory. With recent downward structure breaks and its arrival at a demand zone, I foresee potential failure to breach deeper levels or ideally a retracement to touch either of the two newly marked zones at points (A) and (B). Following this, I'll be on the lookout for a wyckoff distribution to initiate selling to sustain this trend, as my bias for this pair remains bearish. While there's a similarity between EU and GU, EU is already within the demand zone, where I expect a bullish response, unlike GU. Therefore, I anticipate GU to rise before a drop, similar to this pair. It's worth noting that immediate buys might not be ideal, especially considering Monday's bank holiday for EUR. Confluences for EU Sells are as follows: - Price broke structure again on the higher time frames. - Overall market trend is bearish so this aligns with the overall bias. - Two new supply zones emerged near current price in which we can expect a bearish reaction to take place. - Lots of liquidity still left to the downside that needs to be taken in the form of asian lows. - Price might currently undergo a retracement back to an area of supply as its in a demand right now. P.S. It wouldn't be unexpected if the price continues its ascent and reaches the 4-hour demand zone adjacent to the imbalance, a significant area I'm closely monitoring. However, I am anticipating a bearish descent from the recently established supply levels. Have a great trading week guys!
Short
by Hassan_fx
3