Get started

Eurusdtradeidea

EURUSD: The bears will approach the support zone!The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the continuation of the downtrend. No information has been omitted from the original text. Therefore, the EUR/USD quotes are set to test the confluence of the 1.0730 support level consisting of the DMA 50 and DMA 21 lines as traders start the important week. Overall, EUR/USD is likely to fall further but the retracement range below 1.0730 appears to be limited.
Short
by Sphyn-Trader
2
EURUSD: Upward pressure continues!On Thursday, the EUR/USD pair is steadily progressing and is close to reaching the 1.0900 level before Wall Street opens. Investors remain optimistic as news related to banking has reduced and the aggressive monetary tightening case has weakened. According to recent news, Federal Reserve Chair Jerome Powell revealed the central bank's expectation of one more rate hike during a private meeting with US lawmakers, but this was before the banking crisis and had little effect on financial markets. Inflation data from the Eurozone added to the positive sentiment as it indicated a further decline. The initial report on the Harmonized Index of Consumer Prices showed a 3.1% YoY increase in Spain for March, compared to a 6% increase in February. In the same period, the German HICP rose 7.8% YoY, down from 9.3%. Meanwhile, the final revision of the Q4 Gross Domestic Product in the United States remained at 2.6%, slightly lower than the previous estimate of 2.7%. Initial Jobless Claims for the week ending March 24 were 198K, which was below market expectations. Later in the day, attention will turn to the speeches of several Fed speakers and Treasury Secretary Janet Yellen. The EUR/USD pair is trading close to its highest point of the day, and the daily chart indicates that it is consistently achieving higher highs and higher lows. It has surpassed bullish moving averages, and the Momentum indicator in the same timeframe is consolidating at positive levels. The Relative Strength Index (RSI) indicator is also showing a strong bullish trend at around 62. Based on the 4-hour chart, technical indicators are almost vertical and reaching overbought levels, suggesting a potential for upward extension. The 20 SMA is providing intraday support at 1.0830 and is widening the gap with the bullish 100 and 200 SMAs, which are over 100 pips lower than the former. Support levels: 1.0875 1.0830 1.0790 Resistance levels: 1.0910 1.0950 1.1000
Long
by Sphyn-Trader
1
EURUSD LONG OR SHORT???‼️We, the FxShzd team, are back with an update on our previous analysis of the EURUSD pair. As an always-interesting asset, the pair has continued to display precise movements, responding well to each support and resistance level. Our team has identified new supply areas, presenting an attractive short-term shorting opportunity. Notably, our first supply area contains a significant amount of liquidity just above, which we expect to capture before the price experiences a substantial directional shift at the subsequent supply zone. To increase trading potential, we always look for confirmational entries in lower timeframes, especially after a BMS. Should we identify a favorable entry point, we will share it with our followers via prompt updates. To stay up-to-date with our analysis and ensure you do not miss any trading opportunities, we encourage you to follow our updates closely. Thank you for entrusting us with your trading endeavors.
by FxShzd
EURUSD Trading Plan - 26/Mar/2023Hello Traders, Hope you all are doing good!! I expect EU to go Up after finishing the current wave. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
EURUSD LONG After analyzing the EUR/USD chart, it is evident that the currency pair is currently in a bullish move, as it broke the previous high and forming new higher highs. However, we anticipate a minor correction before the pair continues its upward momentum. We have identified a key level of supply and demands which detemined supply is for 4H. these areas are crucial to monitor for potential trading opportunities, especially for those looking to long the pair. If you have any questions or comments regarding this analysis, please feel free to share them with us. We always welcome feedback and additional insights from our readers. Overall, we remain optimistic about the outlook for the EUR/USD in the near term, but as always, we advise traders to exercise caution and ensure they have a solid trading plan in place before entering any positions.
Long
by FxShzd
9
EURUSD BUYHello Traders, trust you are having a wonderful Weekend, so this coming Week we would focus More on EURUSD on A buy moves for about 113 pips, Eurusd Would been expected to sell massive soon so let’s keep our eyes on this 113 pips buys at the moment so Currently price left our 1hr Support Zone we are expecting price to go back to our 1hr Resistance zone which would be tested for the third time now which is our Tp zone if after our Tp hit price area on Resistance zone and fail to break then I would drop the Sell Signals. So let’s wait patiently for price to tap in on our buy zone, as you can see on my Trend line if you noticed you would see price creating highs And lows which is also a good sign so let’s wait for the next lows to be tested so we can buy.
Long
by GoCrazyfx0