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Eurusdtrend

EURUSD getting weakerWeekly key level around $1.07. In long term EURUSD buyer seems like not so interested, as the choppy movements showing on H4. Minor resistance is so close between the H4 waves indicates weak buyer, the movements almost flat. Strong movements is when the price move rocketing steep no retracement with small "pause" which SMC trader usually called them as "rally base rally" or RBR. But since the 1st wave after H4 "choch", there is no "RBR" formed in H4 structure. Even inside H4 waves showing price have to build some other smaller waves to keep push the price up. Now it's in 4th waves. If observe carefully, it's build up rising flag pattern which usually the sign of downtrend will continue. I expecting will massive drop after 5th waves complete. If Euro "want" to still continue upward, then it need strong fundamental data to support it to go beyond key level $1.07.
Short
by UnknownUnicorn33119711
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD: EUR/USD recovered to 1.0600 as USD reversed to declineEUR/USD was pressured in the European session by the conflict in the Middle East and the broad recovery of the USD and US government bond yields. The next key event is the EU Consumer Sentiment Report. EUR/USD is currently rising for the 3rd day in the past 4 days and is above the 20-day MA. Technical indicators on the daily chart show bullish signals, with RSI moving higher. If the day closes above 1.0640, the bullish momentum could continue. On the contrary, if the price falls below the 1.0500 support, it will attract more selling pressure. EUR/USD is currently rising for the 3rd day in the past 4 days and is above the 20-day MA. Technical indicators on the daily chart show bullish signals, with RSI moving higher. If the day closes above 1.0640, the bullish momentum could continue. On the contrary, if the price falls below the 1.0500 support, it will attract more selling pressure.
Long
by Chart_MasterPro
1
Everyday perspective.EUR/USD Resistance Level 2: 1.0650 Resistance level 1: 1.0600 Spot price: 1.0582 Support bit 1: 1.0530 Support bit 2: 1.0448 EUR/USD rose 0.04% to 1.0593. The dollar retreated in a technical profit correction after Federal Reserve Chairman Jerome Powell said rising market interest rates may reduce the need for the Fed to take action. EUR/USD continues to find support amid the dollar's retreat and volatility. The euro still appears to lack a strong unique bullish stimulus to push the pair towards the 1.0650/1.0700 zone. Markets are likely to await hints from the European Central Bank and more data from the Eurozone next week, but the likelihood of a quick pick-up in bullish momentum for the euro is not too high. This means that EUR/USD should now be driven almost entirely by USD movements. The top is still blocked below 1.0650. Although the technical indicators have risen towards the area, the direction is still unclear. Only when the above-mentioned resistance level is completely broken down, the EUR/USD may be expected to embark on a clear rebound path. .
by Zenobia-Harte
EURUSD continues to be bearish On Wednesday, EUR/USD fell back after failing to break through the channel resistance below 1.0600, ending a two-day streak of gains. The U.S. dollar's overall strength, driven by a sharp rise in U.S. bond yields, also exacerbated the EUR/USD fallback. U.S. dollar yields rose across the board, with the 10-year U.S. Treasury yield soaring above 4.90%, the highest level since 2007. The resilience of the U.S. economy has provided support for the steady strengthening of U.S. bond yields, while geopolitical conflicts in the Middle East are intensifying. The euro is likely to maintain a bearish bias against the dollar in the near term and may refresh its 2023 lows. From a technical point of view, if the EUR/USD price accelerates its decline in the future, the exchange rate may stabilize above the trend line support of 1.0500 and ease the downward pressure. However, if it falls below this support, the exchange rate may accelerate towards the 2023 low of 1.0448. . If there is further decline, bears may push the pair towards the key support level of 1.0350. On the contrary, if the market sentiment turns to support the bulls and the euro price rebounds, the upper resistance level looks towards 1.0600-1.0625 In the short term, I recommend continuing to be bearish. If you need more analysis, please join me.
Short
by Krause_Philipp
EURUSD 4H : Waiting for second target EURUSD New forecast The price perfectly fulfills my last idea and price reached to our first target + 25 pip . Trading in the EUR/USD pair is rebounding downward after testing the resistance of the descending channel in the past sessions, awaiting further expected decline in the coming sessions, remembering that our targets start mainly at 1.0528 and then 1.0450. Moving below the EMA 50 supports the continuation of the proposed bearish wave, keeping in mind that breaching 1.0562 will stop the negative scenario and lead the price to begin an upward correction in the immediate and short term. The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496. Additionally ,Today News will affect the market . resistance line : 1.0550 , 1.0562 support line : 1.0528 , 1.0496 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
4
EURUSD Long Term Buy Trading Idea Hello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD 4H TECHNICAL ANALYSISEURUSD has recently experienced a significant surge, as evidenced by the confirmed buy signals indicated on the chart. However, a comprehensive analysis suggests an impending bearish movement influenced by the identifiable order block within the range of 1.06198 to 1.06723. This zone is likely to exert a substantial resistance, triggering a potential reversal in the current bullish trend. To ensure a more robust assessment, it is advisable to wait for a confluence of the signals, particularly focusing on the emergence of a choch, which would provide a more comprehensive and corroborative indication of the market's directional shift. This cautious approach emphasizes the need for confirming indicators to support the anticipated bearish movement, thereby reducing the potential risks associated with premature trading decisions. Furthermore, in monitoring the price action at the 1.06398 resistance level, investors can gain valuable insights into the market dynamics and potential trend reversals. The careful observation of price fluctuations in this critical range will enable a more informed evaluation of the market's response to the resistance level, facilitating a better understanding of the underlying market sentiment and potential trading opportunities. Considering the current market conditions and the identified order block, it is crucial to adopt a prudent approach, placing emphasis on the confirmation of the choch for confluence, and closely monitoring the price action at the 1.06398 resistance level. This comprehensive analysis will enable investors to make well-informed and strategic trading decisions, mitigating potential risks and capitalizing on the projected bearish movement in the EURUSD market.
Short
by fzm_100
EURUSD: Core Retail Sales and risksThe EUR/USD firmly in the green for Tuesday after US Retail Sales beat market expectations and saw upside revision to previous figures, sending investor risk appetite into the ceiling and sending the US Dollar (USD) broadly lower, bolstering the Euro (EUR) and taking the EUR/USD up from the day's early low of 1.0532 and sending it within inches of the 1.0600 major handle. Headline US Retail Sales figures for September broadly beat median market forecasts of 0.3%, printing at 0.7% and seeing an upwards revision in the previous month's reading from 0.6% to 0.8%.
by Sphyn-Trader
1
UPDATE EURUSD LONG/SHORT DAILYIn the previous analysis of this currency pair, we expected the price to rise when the downward trend line was broken that according to the conditions of the dollar index, this currency pair failed to fill the moving step to rise, so we updated the drawn downward trend line And we specified two scenarios for the price movement, according to the movement of the dollar index, which we examined in its own analysis, we plan our transactions in each of the possible scenarios that occur in the direction of the price movement. Thank you for following me. I would be happy to tell you your opinion about this currency. To know about the signal channel, you can send your message
by jawad369
1
EurUsd retraces 📎 / CPI Data as catalystEurusd retraced 100 Pips today with Infaltion data as the catalyst for a continuation of higher timeframe momentum. How Surprised can we be of a move to the downside with the Weekly/Monthly timeframes doing just that for the last 3 months. The news release was stronger than what was expected for the USD. Inflation is increasing at a faster rate than expected. Let's buy the USD as a safe haven given these uncertain and troubled times.. Technicals : Large Bearish candle just printed on the Daily timeframe. The next Daily candle will likely have a bottom wick and is why it is still reasonable to look for a continuation play. That said, with the anticipated London session volume, we may expect a pullback to 1.054 weekly level or 1.056 before observng more bearish movement on Eurusd
Short
by ShrewdCatfx