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Eurusdtradeidea

EUR/USD Longs to short idea from 1.10500 My analysis for EU is similar to GU. Currently, the price is very close to a 3-hour demand zone where I will be looking for buying opportunities. Once the price enters this zone, I will wait for distribution before targeting the nearest supply zone for a potential sell. When the price reaches that supply zone, I will consider entering sells, as there's a similar setup in GU from last week's NFP. However, my ultimate target is the extreme supply zone at the 10-hour level. Confluences for EU Buys: - The price has created a clean demand zone that caused a change of character (CHOCH). - In the short-term trend, there's substantial liquidity to the upside for price to take. - This setup aligns with the DXY (Dollar Index). - Price has filled in an imbalance as well. Note: I am more inclined to take these buys since the demand has caused a CHOCH on the higher time frame. Have a great trading week, and don't forget about the upcoming CPI data!
by Hassan_fx
EURUSD, what is next baby? Show me some loveEURUSD FA: few things that pushing down EUR are business sentiment and inflation in services 1. According to the European Commission, the overall Eurozone business sentiment index increased to 96.6 points vs 96 before. Business climate in industry is already in the area of local lows -9.7 vs -10.5. The most stable segment, services. 2. Everything but energy is rising on a year-over-year basis. The main components of annual inflation in August are highest in services 4.2% vs 4.0 in June, followed by food, alcohol and tobacco 2.4% vs 2.3%, industrial goods 0.4% vs 0.7%, energy -3.0% vs 1.2% TA: After taking global swing and top of global range at 1.114 EUR made a deviation and closed on weekly time frame inside of this range which consider to me as a reversal, i would love to see 0.5 test of this global range in next few weeks Locally EUR has a reversal and has downtrend on 1h time frame with first potential target as daily FVG at 1.08932-1.0837. Keep in mind there might be some manipulation till 1.1093 area at the beginning of the month before further move downwards. If 1.1032 lvl will be failed and I will see aggressive movement down, i will be looking for short position till daily FVG But overall I am bearish on EURUSD unless i see reversal pattern on 1h time frame (double shift) then my plan will be canceled and i will be looking for long positions
by Almenio
“EUR/USD Gains Weakened”The weakening of the manufacturing PMI and ISM manufacturing PMI figures in the US compared to the previous month has acted as a negative catalyst for the economy. This data has reignited recession concerns in the US, leading to accelerated dollar outflows. In the Eurozone, the manufacturing PMI for August slightly exceeded forecasts at 45.8. In Germany, the manufacturing PMI for August was 42.4, above the previous month’s figure. Following these developments, the EURUSD pair is maintaining prices above the 1.1050 level. In light of these data points, if the index maintains closing prices above the 1.1050 level, buying activity could accelerate towards the 1.1115 and 1.1190 resistance levels. However, in the event of a potential pullback, sell-offs could test the 1.1050 support level and possibly extend to the 1.0965 and 1.090 support levels.
by primequotes
EUR/USD Longs from daily level of demand 1.10000My analysis for this week aligns well with both DXY and GBP/USD, as the dollar is approaching a major supply level. When the price reaches that supply zone, I expect EUR/USD (EU) to mitigate its daily supply, potentially forming a Wyckoff accumulation pattern. Once this pattern is completed, I plan to look for buying opportunities, potentially holding positions at an intraday level. If the price retraces upward before mitigating the demand, I will consider selling from the supply zones I've marked, which are near the current price. Specifically, I will watch the 7-hour and 10-hour supply zones for potential short-term sell setups. Confluences for EU buy opportunities include: - The higher time frame trend is bullish, with a recent break of structure to the upside. - A daily demand zone has been established, which also caused a break of structure to the upside. - There is significant liquidity to the upside, including untouched Asian session highs. - This trade setup aligns with the higher time frame trend, making it a pro-trend trade idea. P.S. As it is NFP week, be cautious of increased volatility due to economic news later in the week. Stay vigilant and TRADE SAFELY!
Long
by Hassan_fx
EURUSD Technical Analysis and Trade Idea👀 👉 The EURUSD currency pair is currently displaying signs of price extension as it approaches a key support level. This technical setup suggests the possibility of a corrective move. Our strategy is focused on identifying trading opportunities, particularly if upcoming data releases affecting the EUR and USD are favorable later today. This analysis should be viewed in the broader macroeconomic context. The recent interest rate hike by the Bank of Japan has introduced significant volatility into global financial markets. Consequently, traders should be prepared for sustained elevated volatility, which could significantly influence price movements and risk management strategies. The convergence of these technical and fundamental factors presents a compelling trading scenario. However, it's essential to emphasise the importance of stringent risk management. Traders are strongly advised to conduct thorough independent research and carefully evaluate their risk tolerance before making any trading decisions. Please note: This analysis is provided for educational and informational purposes only and should not be construed as financial advice or a specific recommendation to execute any trade. 📊✅
by fxtraderanthony
#EURUSD: 400+ Pips Buying Opportunity! Do not miss outFX:EURUSD Price is approaching our buying zone, from where we can expect a strong price rebound. Also, we have very important news coming up this week, NFP may have significant impact on the future of this pair. However, as we had mentioned previously that we cannot predict the news, we can only see the chart and analysis what is in front of us. Always, do not rely on economic news as none of us can predict. Instead, focus on our area of buying, if price do come to the region then wait for the rejection and with the confirmation you can take a swing entry. **If you like our work please like, comment and follow us which will encourage us to bring you more educational ideas** Team Setupsfx_
Long
by Setupsfx_
10
SHORT EUR/USD from 1.1125"The trend is your friend" is a well worn FX trading adage. Its meaningless. The trend is your friend if the trend is heading in the same direction as your trade but if its not then the trend is your enemy. EUR/USD is in an uptrend and has been since 1st August. The price has now hit a level last seen on the 28th December 2023. The last time the price was at this level, the trend ended and reversed 550 pips. Anyone LONG on 28th December 2023, following the trend, would have lost heavily without a STOP in place. Trends always end eventually and when they do they present a trading opportunity. I have a SHORT EUR/USD trade on becuase: a) we are at a historically significant high b). H4 on the Andean Oscillator see the red SELL line rising off zero as the green BUY line ceases rising. c).H1 Andean Oscillator see the red SLL line rising signifcantly as the green line falls. d). RSI on H4 is decling from overbought levels. e). MACD on H4 has seen the fast MA move south over the slow MA GBP/USD daily candle is red (BEARISH) NZD/USD daily candle is red (BEARISH). Trading is gambling. No-one knows where the price of any instrument will be in an hour or in 4 hours so EUR/USD MAY decline from these levels. This is the key - the price MAY decline. I have a tight 25 pip STOP above the recent high so my risk/reward if EUR/USD does decline makes this a trade worth taking. But just to return to my opening line - EUR/USD IS technically still in an uptrend which is why a STOP is MANDATORY (it should be for ALL trades). We cannot rule out EUR/USD BULLS stepping in to try and drive the price higher particulalry as the USD is WEAK currently.
Short
by forextraplaces
EUR/USD Shorts from 1.11000 back down to demandPrice action for EUR/USD is very similar to GBP/USD (GU). If GU continues rising to mitigate that deeper supply, it aligns with the 1.11000 level in the 20-hour supply zone for EUR/USD. I expect the bullish pressure to gradually die down and for price to eventually mitigate this supply. Therefore, I don’t expect a major move on Monday, but this scenario could play out over the week. If price sells off from the 20-hour supply zone, I will then wait for scenario (B), which involves the mitigation of the daily demand that caused a break of structure to the upside. There's also a refined version of this demand on the 19-hour time frame, which looks promising for buys to continue the bullish trend. Confluences for EUR/USD Sells: - Bullish pressure is getting exhausted, suggesting a potential retracement. - There is a lot of liquidity below, along with imbalances that need to be mitigated. - This outlook aligns with expectations for the DXY to rise slightly. - This is a counter-trend short-term trade with the goal of eventually rejoining the pro-trend. P.S. If price reacts to the current imbalance and goes back down, I will look to enter buys to take price back up to the supply zone. However, buys are favorable due to the current bullish trend.
Short
by Hassan_fx
EURUSD analysis week 33Fundamental Analysis EUR/USD regained momentum and rose to 1.1020 in the American session on Friday after snapping a three-day winning streak. Upbeat macroeconomic data from the United States boosted the US dollar (USD) and sent EUR/USD lower. The US Department of Labor reported that initial weekly jobless claims fell by 7,000. Improved risk sentiment on Friday morning made it difficult for the USD to continue Thursday's gains and sent EUR/USD higher. The US economic calendar will feature data on Housing Starts and Building Permits for July. Additionally, the University of Michigan will release preliminary Consumer Sentiment Index data for August. The market reaction to these data may not last long. Technical Analysis EURUSD continues to trade in an ascending channel with the nearest support and resistance in the price range at 1.106 and 1.091 after gaining ground above 1.100. On the D1 timeframe, the EMA 34 has crossed well above the EMA 89, indicating a strong bullish market structure, with the upside momentum heading towards the most important resistance around 1.113. On the other hand, any daily close below the 1.1091 support would not confirm a bearish reversal. The pair would need to break the 1.081 support to truly break the bullish structure on the current chart. Resistance: 1.106-1.113 Support: 1.092-1.081 Trading Signals SELL EURUSD 1.112-1.114 SL 1.116 BUY EURUSD 1.092-1.090 SL 1.088
by TVS-Trader
EUR/USD Longs from 1.08200 back up This idea aligns with my other pairs. After mitigating a daily imbalance, price is showing clear rejection and heading down to fill the imbalance left from last week's NFP news event. If price reaches the extreme demand level on the 17-hour timeframe, I'll wait for a Wyckoff accumulation to buy back up. Meanwhile, I’m watching for a new supply zone to sell from or considering imminent sells as price is currently in a 4-hour supply zone. Confluences for EU Sells: Price broke structure to the upside on the higher timeframe. Significant liquidity and imbalances remain to the upside. A clean 17-hour demand zone triggered this bullish move. Large imbalance above the demand zone that needs filling. P.S. If price moves higher and surpasses the last swing high, I'll look to the deep supply on the 22-hour timeframe as the next drop-off point.
Long
by Hassan_fx