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Eurusdsignal

EUR/USD Under Pressure: Could 1.0515 be the Next Floor?The EUR/USD currency pair is under significant downward pressure, hitting a six-month low. The ECB's mixed signals, despite a rate hike, along with strong U.S. economic data, are contributing to the Euro's decline. Analysts forecast potential further depreciation, targeting March's low of 1.0515. However, China's robust economic data could offer some cushion. Resistance for the EUR/USD pair stands at 1.0730. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Bearish TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.0650 ✅TAKE PROFIT: 1.0520 ❌STOP LOSS: 1.0700 ANALYSIS: Given the current bearish sentiment supported by ECB's dovish outlook despite a rate hike, and the strong economic indicators from the U.S., a sell trade seems warranted. The strong resistance level at 1.0730 suggests that the pair is unlikely to break this level in the short term. FINAL THOUGHTS: This sell trade aims to capitalize on the bearish outlook for EUR/USD, reinforced by both technical and fundamental indicators. Strong U.S. economic performance and mixed signals from the ECB suggest a continued downward trend in the short term. However, one should remain cautious due to external factors such as positive Chinese economic data.
Short
by RichDadph-FX
3
EURUSD possible buy and sell zone!!Currency Pair : EURUSD Possible direction : Bullish/Bearish With Main Refinancing Rate and Monetary Policy Statement coming up, there is very high chance for EURUSD to fill the FVG that has left daily 20EMA as the pricing in 4h moving with a bullish channel. Todays price still above the previous daily low, means, very high probability bulls will try to keep the higher low maintained. As 4h bullish channel is still on, we could see a break of the channel to the upside, which could lean the price to the FVG and breaking the high to the liquidity zone and from that place, we could see sell of to the monthly support zone. The possible entry would be ideal on the daily support a buy after rejection and a sell upon liqudity grab from the FVG. Please leave a like if you enjoy this analysis and comment below what do you think, which way EURUSD is heading with the news?
Long
by ForexWizard01
1
EurUsd could resume its down moveOn 8 September I wrote that a relief rally could be next for EurUsd and this should be considered an opportunity for traders to sell rallies around resistance and join the downtrend at better prices. Indeed the pair rose and reversed exactly from under 1.0780 resistance. The recent rise is corrective in nature and formed a flag pattern and we could see a new leg down. I remain bearish under 1.08 and my target is the 1.0550 zone with interim support at the recent low.
Short
by Mihai_Iacob
21
EurUsd- I'm looking to sell ralliesSince mid-July, EurUsd has entered a downtrend. The confirmation for this came with a break under the one-year-long up trend line in mid-August. After the confirmation of resistance at 1.0930 at the beginning of September, the pair made a new 250 pips leg down and stopped in support. Now EurUsd is trading at 1.0715 and is consolidating. A correction to the upside could follow and this could offer bears the opportunity to sell at better prices. In conclusion, in my opinion, traders should look for selling opportunities around 1.08 for a 1.05 target. Only a break back above 1.0950 would shift my outlook to bullish
Short
by Mihai_Iacob
2
EUR/USD Faces Turbulence Amid Sluggish Eurozone DataThe EUR/USD currency pair saw a decline to 1.0726, impacted by weak Eurozone economic indicators and a hawkish ECB stance on inflation. On the other hand, the US displayed better-than-expected Factory Orders, along with Fed hints at possible rate adjustments. The pair has also broken below key technical support levels, capturing market attention for future moves. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Bearish TRADE SIGNAL: Sell 👉 ENTRY PRICE: 1.0720 ✅ TAKE PROFIT: 1.0635 ❌ STOP LOSS: 1.0770 ANALYSIS: The pair has shown a consistent downward trend, breaking below key technical indicators such as the 200-DMA at 1.0819. Fundamental indicators like the disappointing PPI and PMI data for the Eurozone also point to further downside risks. The hawkish stance from ECB amidst economic slowing adds to the pressure on the EUR. Conversely, the US is showing economic strength, offering support to the USD. TRADE PLAN: Enter a sell position at 1.0720. Set the stop loss at 1.0770 to limit potential losses, given that this level serves as a strong resistance point. Target a take profit at 1.0635, the May 31 low, offering a reasonable exit for a short-term trade. Monitor upcoming US PMI data and Federal Reserve meetings for any drastic changes that could affect the trade. FINAL THOUGHTS: Given the fundamental and technical indicators, a sell signal appears to be the more appropriate trading decision for EUR/USD at this juncture. The trade offers a good risk-reward ratio, aligning well with the current bearish trend. Traders should remain vigilant for updates that could shift the market dynamics.
Short
by RichDadph-FX
EurUsd could drop to 1.05 zoneIn my previous EurUsd analysis I wrote that the break of the one-year rising trend line could signal further losses for the pair and traders should keep an eye on the 1.09 zone, suggesting selling above this figure. EurUsd reversed perfectly from resistance leaving a long-tailed continuation Pin Bar on our chart suggesting bears are very strong. Going further, I expect further weakness for the pair and I'm looking for a drop to important 1.05 very important zone support in the medium term. The strategy should be sell rallies and only a daily close above the recent high would negate this bearish scenario.
Short
by Mihai_Iacob
13
EURUSD DAY TRADE SIGNAL!!! Hello Everyone I want share my signal of EURUSD Pair. With my strategy its so good pretty good low of uptrend which can test last resistance. Its came into Fibonacci kill zone where last time had strong buyers, if we look at this pair and then DXY index dollar had retest at support zone which will test one more time. Open long position - 1.08816 Stop loss - 1.085 Target - 1.0944 Good luck everyone!!! If price i will be right after some move my stop loss will be entry price which will give me trade without risk.
Long
by elmakacho
EUR/USD Faces Potential Losses Below 200-Day SMA Amid Weaker PMIThe EUR/USD currency pair is testing the critical 1.0800 region, with potential further losses expected below the 200-day SMA. Preliminary PMI data shows manufacturing resilience but weakness in services in key Eurozone countries. A soft technical outlook and extended losses near the 200-day moving average underline the pair's vulnerability. Key support and resistance levels must be closely monitored, as the current trend indicates a continued downward trajectory. Market sentiment and economic data are driving these dynamics. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Downward TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.0800 ✅TAKE PROFIT: 1.0750 ❌STOP LOSS: 1.0835 ANALYSIS: With the combination of soft PMI data and a weak technical outlook, the EUR/USD pair seems set to continue its downward trend. The significant 200-day SMA has been tested, and a breach below this level could instigate further losses. Support levels identified at 1.0750/1.0775 and resistance at 1.0835/1.0845 set clear parameters for the trade. FINAL THOUGHTS: The current market sentiment and technical analysis point toward a potential sell opportunity for EUR/USD. A well-defined trade plan, with a close watch on key support and resistance levels, will be essential in navigating this opportunity. The trade reflects both immediate market reactions and future financial implications, demanding a strategic and vigilant approach.
Short
by RichDadph-FX
DeGRAM | EURUSD short from kill zoneEURUSD is moving in a descending channel. It bounced off the support, following the bullish divergence. The market is in a bearish trend, so there is a kill zone where we have a fibo cluster and round number 1.09100. On the daily timeframe, we have doji bars indicating indecision or consolidation. We expect a rebound from the kill zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
8
EUR/USD Market Dynamics: Comprehensive Analysis for Sept. 2023The EUR/USD market analysis reveals a complex landscape in September. Concerns over the Euro's weakness are raised by prominent institutions, while key support levels hold. The contrast between the US and the Eurozone's economic situations and concerns over inflation drive market sentiment. Scotiabank's analysis indicates potential gains above 1.10, but the market faces near-term uncertainties. Traders are eyeing upcoming economic data to shape their strategies. ANALYSIS: Fundamental Analysis: The Eurozone's economy is showing signs of weakening, and there's potential speculation about a rate cut. The uncertainty surrounding ECB policy contrasts with a relatively more robust economic outlook in the US. Technical Analysis: EUR/USD is currently trading near resistance at 1.0990. The 55-day and 100-day SMAs at 1.0930 and 1.0924 provide interim support, with significant support at 1.0912. Resistance at 1.1040/45 acts as a crucial barrier. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Range-bound with a downside bias TRADE SIGNAL: SELL (Based on the Eurozone's economic weakness and technical resistance levels) 👉ENTRY PRICE: 1.0990 (Current resistance level and near-term high) ✅TAKE PROFIT: 1.0912 (August low, representing a key support level) ❌STOP LOSS: 1.1040/45 (Potential bullish trigger, marking a critical resistance area) The collective analyses paint a mixed picture for EUR/USD, with underlying economic fundamentals and technical indicators guiding market sentiment. As September approaches, traders and market strategists will closely monitor key economic data and central bank positions, balancing optimism with caution in the face of potential challenges for the Euro. Attention to these factors will likely be instrumental in shaping trading strategies and investment decisions for the EUR/USD currency pair in the coming month.
Short
by RichDadph-FX
EURUSD Analysis 7Aug2023At the end of the week, the trendline is holding steady and there are limits to the potential returns. However, we can observe that the bearish trendline has been positively responded to three times, which is often a signal that the bearish trend is still dominant. Additionally, there is a liquidity area (highlighted in yellow) below SND that typically receives a positive response from the price in the future. It is likely that the price will fall further than the liquidity area.
by Hokusai_FX