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Eurusdsignal

EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.09600 🟥 Stop Loss: 1.11450 ✅ Take Profit: 1.05900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Rejection at the Resistance Zone, Reasonable to Short. 3. If Shorting, Watch EMAs for Support. 4. Look for a pullback to resistance before the price falls. 5. RSI at 57.00 below Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
EURUSD possible buy zone!Recently, there was an anticipation of a pullback or correction in the EURUSD currency pair. This correction was expected if the current peak reached the level of 1.10000. However, the US dollar strengthened without a deceptive upward movement, compelling its major rivals to retreat. Despite this, an overshoot is anticipated, likely leading to the subsequent (deeper) downward correction. Towards the end of this week, on Friday, significant economic data is set to be published. Special focus is on data from the United States, and, of course, the attention-grabbing speech by the head of the Federal Reserve.
Long
by ForexWizard01
1
Gains momentum above 1.0950 amid overbought conditionThe FX:EURUSD pair trades in positive territory for the fourth consecutive day during the early European session on Tuesday. The weaker US dollar and lower US Treasury bond yields lend some support to EUR/USD. Investors will take more cues from the Federal Open Market Committee (FOMC) Meeting Minutes on Tuesday, which could potentially provide insights into the trajectory of future policy rates. According to the four-hour chart, the bullish potential of EUR/USD remains intact as the major pair holds above the 50- and 100-hour Exponential Moving Averages (EMA). It’s worth noting that the Relative Strength Index (RSI) holds in bullish territory above 50. However, the overbought RSI condition indicates that further consolidation cannot be ruled out before positioning for any near-term EUR/USD appreciation. That being said, the immediate resistance level for EUR/USD is seen near the upper boundary of the Bollinger Band at 1.0978. The critical upside barrier is located near a psychological round figure and a high of August 11 at 1.1000. Any follow-through buying will see a rally to a high of August 4 at 1.1042, en route to a high of July 27 at 1.1149. On the downside, the 1.0895–1.0900 region acts as an initial support level for the major pair. The mentioned level is the confluence of the psychological mark and a high of November 16. Further south, the next contention level will emerge near the lower limit of the Bollinger Band at 1.0817. A break below the latter will see a drop to the 50-hour EMA at 1.0759, followed by a high of November 9 at 1.0725.
Long
by tradingconmike
EURUSD ANALYSIS UPDATE 21/NOV/2023Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This means there's a very high chance that the price will retest that level as resistance and continue downwards.
by Francisbluepipsfx
The surpass of 1.0900 should expose 1.0945FX:EURUSD adds to Thursday’s small gains and flirts with the key 1.0880 region at the end of the week. The continuation of the upward bias could challenge the immediate up-barrier at 1.0900 ahead of the weekly high of 1.0945 (August 30). Once the latter is cleared, spot could challenge the psychological threshold of 1.1000. So far, while above the significant 200-day SMA, today at 1.0804, the pair’s outlook should remain constructive.
Long
by tradingconmike
EURUSD: Will fall to 1.07600 then recoverEUR/USD fell again on Wednesday, after mounting a bullish burst in the previous trading session. However, the Euro currently maintains a positive outlook against the US dollar as it continuously creates a series of higher highs and lows and is still trading above important MA lines. To maintain the uptrend, the pair needs to hold above the 200 and 100-day SMA, around 1.0765. If this support holds, it opens up the potential for a rally to 1.0900, beyond that to Fibonacci resistance at 1.0960 and 1.1075. In case, the sellers return and push the price below the 1.0765 area, EUR/USD will change to a downtrend in the short term. In the above case, support will be at 1.0650, if the price continues to weaken then support at the 1.0570 trend line will come into view. EUR continues to fall today then will bounce back and increase sharply to reach a new peak in the future.
by NicoTradingMaster
EURUSD → Next on the downside appears 1.0640FX:EURUSD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week. If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October 13) ahead of the 2023 bottom of 1.0448 (October 3). In the meantime, while below the 200-day SMA at 1.0800, the pair’s outlook should remain negative.
Short
by tradingconmike
13/NOV/2023 EURUSD ANALYSISThis is a fully detailed top down analysis on eurusd. In the video, I talked about the pair from the weekly timeframe, showing what I expect the price to do over the next week and also explaining how it relates to what I expect the price to do today. I dropped down the daily and 4h timeframes and also explained their relationship and why I expect the price to drop today. Finally, I dropped down to the 1h timeframe and talked about the levels I'm going to be watching out for before I take any trade on the pair. I also talked about what the market could do that will make this analysis become invalid. I bet this video will be of value to you. If you liked this video, please give me a boost. Also follow so that you can get my videos or trade ideas immediately I post them.
by Francisbluepipsfx