Get started

Eurusdsignal

EurUsd is trying for a new local highAs I've written last week, EurUsd will probably break above 1.1 resistance. CPI data brought us the fuel for the break and now the pair is trading at 1.1233, near the local high. The price is consolidating these gains at this moment and a new high could follow this consolidation. In my opinion, we will not have a retest of the 1.11 support, this being too obvious and too many are waiting to buy this support. With this in mind, dips under 1.12 should be bought, and the target for the next leg up could be 1.1350
Long
by Mihai_Iacob
34
DeGRAM | EURUSD short term correctionEURUSD is decelerating while approaching the resistance level. If price action prints a double top, the market might retrace from this level. On the 4-hourly timeframe, the market is in overbought territory. We anticipate a short-term bearish move; all confluences indicate that the price may pullback. It is going to be a structure-based trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
3
EURUSD Possible HUGE Bullish Peak? READ FULL TEXT FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD EIGHTCAP:EURUSD CAPITALCOM:EURUSD BLACKBULL:EURUSD ACTIVTRADES:EURUSD VANTAGE:EURUSD FX_IDC:EURUSD - Welcome, traders! Make sure to follow my profile for regular market analysis. Today, we're diving into the technical analysis and forecast for the EURO versus the USD pair. So let's get started! Here's my analysis for July 13-14 in the 1H Timeframe: The EURO USD pair has taken off like a rocket after the release of the CPI data. The Euro's momentum seems unstoppable at the moment, and following the market trend is the only logical choice. If we take a look at the DXY, the Dollar Index, it's clear that sellers have dominated since the release of the Non-Farm Payrolls report (NFP). The fall in the DXY continued even after the CPI data, and it broke through its last support level at 100.80. If the downward pressure persists, the DXY could head towards double-digit figures, indicating a weaker USD. Examining the chart, we can see that 100.80 was the only support level on the DXY chart, and the price is currently trading below that level. If the fall continues and the market pressure remains, we can expect the DXY to face further challenges. The next resistance levels to watch out for are 100.1 and 100. The situation looks quite challenging for the DXY right now, and based on the chart analysis, the fall is likely to continue. However, it's essential for traders, especially beginners, to avoid gambling with their trades. We have already witnessed several impactful news releases in recent days, and it's advisable to close all dollar positions before major news events to safeguard stop losses. In extremely volatile markets, stop losses may not function properly due to slippage, so it's crucial to exercise caution and not take unnecessary risks with your hard-earned money. Now, let's shift our focus to the EURO versus USD forecast. The market structure for the EURO USD pair indicates a strong bullish trend, with the price currently near the top. In this type of market, buying on retracements should be the primary trading strategy to follow. The fifty-day moving average is acting as a dynamic support for the market, indicating potential buying opportunities on pullbacks. However, given the current bullishness of the EURO USD pair, a significant decline might be unlikely in the short term. The next dynamic support level, the fifty-day moving average, is quite far away, around 1.060 and 1.050. While theoretically, this level presents an ideal area for a buy position, the chances of the market coming down to this level in the near future are slim. Therefore, it's crucial to keep a close eye on this specific level and patiently wait for the market to show some downward movement over the next few days. Considering the prevailing bullish momentum, there's a good possibility that the previous resistance level at 1.100 will now work as a support level for the EURO USD pair. OANDA:EURUSD If the market retraces and bounces from this level, it could present an excellent buying opportunity for traders. Therefore, it's important to keep this support level in mind and be prepared to take advantage of potential retracements. Buying on retracements remains the best trading strategy in this current market condition. However, it's worth noting that the ideal level for a buy position, the fifty-day moving average, is relatively far away. This emphasizes the importance of managing risk strictly to protect your trading capital. On the other hand, if the market doesn't experience a significant retracement and continues its upward move, traders can consider buying above 1.500. Nonetheless, it's crucial to adhere to strict risk management principles in such cases. When taking a buy position further away from the area of value, it's important to be cautious. In the event of a false breakout, strict risk management will help avoid significant losses. Consider using a smaller lot size to mitigate risk. That's all for today, fellow traders. I hope this technical analysis and forecast for the EURO USD pair provided you with valuable insights. Remember, always follow proper risk management techniques and be a trader, not a gambler. Protect your hard-earned money and trade wisely. Thank you for reading, and stay tuned for more market analysis and trading insights. Until next time, happy trading!
Long
by harfi7520
Will EurUsd break above 1.1?In my previous EurUsd analysis I said that the pair could reverse to the upside from the important 1.0840-1.0850 support zone. Indeed, after a touch of that zone, the pair turned to the upside and managed to close last week very strong and near to 1.1 important resistance. At this moment EurUsd is correcting this up move a new leg up could follow. Short-term support lies at 1.0930 and in this zone, traders could look for buying opportunities.
Long
by Mihai_Iacob
36
DeGRAM | EURUSD price above the psychological zoneEURUSD rebounded from the support level by breaking previous highs. The market is trading in the ascending channel. It closed above the psychological level at 1.1000. Price created fibonacci inversion at the border of the channel. We expect a double bottom formation or false break at support to confirm that bears have run out of steam. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1
eurusd scalpingthere are two good support and demand zones for eur and I'm waiting for price movement. I believe that there is a good chance for price to firstly see the demand zone and then go for the support one. so I'm waiting for a short and then a long position. ⚠️ Notice: I will enter one third of my position on 70/30% of the box and the rest of it in the middle (50%) of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
by mirzaeiamirsoheil
EurUsd- Bullish as long as 1.0850 is intactIn my recent EurUsd analysis I said that EurUsd is in a clear up trend since the beginning of June and this could offer bulls nice trading opportunities near confluence support. Indeed, after a short dive under the confluence zone, the pair reversed but was stopped for the rise from the falling trading line. At this moment, we have clear support at 1.0850, and with the price only 50 pips above that support, we can find nice risk: reward opportunities if we target 1.1 high. That being said, dips around 1.0880 should be bought and, as said, only a daily close under 1.0850 would negate this bullish scenario
Long
by Mihai_Iacob
22