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Eurusdbuy

EURUSD is at the support of this trendline on Daily TFThe EURUSD currency pair is currently testing a support level formed by a trendline on the Daily Time Frame (TF). As a result, I am adopting a neutral stance on this trade until a clear direction emerges in the market. There are two potential scenarios to consider: Firstly, there is a possibility that the market will break below the trendline, indicating a continuation of the downward move towards the next significant keyzone. Alternatively, the price may reverse from the current support level and resume its upward movement. Given these possibilities, it is crucial to monitor the market closely to determine the actual path it will take. What do you think?
by Popeson
EUR/USD: Entry points in favor of buyersOANDA:EURUSD We expect EUR to 'weak further' last Friday but we think it 'unlikely to break key support at 1.0850 today'. Our view on EUR weakness is correct even though it has slightly breached 1.0845 (lowest is 1.0840). While severely oversold, EUR's weakness remains volatile. However, key support at 1.0850 may be out of reach today. Resistance is at 1.0872, followed by 1.0890. Last Friday (May 12, spot at 1.0920) we turned negative for the EUR and emphasized that it 'could likely drop lower in the coming days'. We added, 'the level to watch is 1.0855, as a break of this key support is likely to trigger a sharp and rapid drop in EUR'. While our view is not wrong, we do not fully expect EUR to breach 1.0855 so quickly as it plummets to lows of 1.0840 (-0.60%). There is no change in our EUR negative view and the next level to watch is 1.0850. Looking forward, if EUR can break and sustain below 1.0850, the next level to focus on is 1.0725. We will keep our negative view on EUR as long as it doesn't break above 1.0940 ('strong resistance' was 1.0995 last Friday).
Long
by DNA_TradingFX
EURUSD: Buy EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears. If it can get support around 1.096, it will try the resistance around 1.098 again. The probability of breaking through is relatively high. The upper target is around 1.10, so my trading signal is to go long. Trading Signals: buy: 1.096-1.095 tp: 1.099 sl: 1.094 sell: 1.101-1.103 tp:1..099 sl:1.103 Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Long
by Roey_
2
EUR/USD keeps range below 1.1000, looks to buy ahead of CPIThe EUR/USD pair is struggling to extend its recovery above the 1.0980 immediate resistance at the start of the European session. The pair has felt the downside pressure as the US Dollar is seeing some renewed buying interest ahead of the important US CPI data release. The EUR/USD currency pair has dropped below the 20-day Simple Moving Average (SMA) for the first time since mid-March. While the main bias remains bullish, the Euro is currently lacking strength, raising the risk of a deeper correction. To open the door for further upside, the common currency needs to have a daily close above 1.10150 or a firm break of 1.10530. Ahead of the Asian session, EUR/USD is showing a bearish bias, but it has found support above 1.0952 and the 200-period SMA on the 4-hour chart. However, a drop below this level could increase downside pressure, exposing the next support around 1.0927. If the pair dips below 1.0905, it can cause volatility and accelerate the price decline.
Long
by DNA_TradingFX
EurUsd -> Expecting The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking EurUsd is actually approaching a quite obvious previous weekly structure area exactly at the $1.115 level which is now turned resistance. However you can also see that weekly market structure and moving averages are still massively bullish, we just broke above a previous weekly swing high which is now turned support, so I am now just waiting for a deeper retest of the next $1.115 resistance before I then do expect a short term rejection towards the downside. On the daily timeframe you can see that EurUsd is once again retesting daily resistance - the more often we retest the zone the higher the likelihood that we will eventually break it - so I am now just waiting for a clean break and retest of the current resistance before I then do expect more continuation towards the upside to then retest the $1.115 resistance. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
42
EURUSD 1.10396 - 0.05% LONG IDEA 📈🐮💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EURUSD HEADING INTO THE LONDON SESSION * Looking to take Asian session ASIAN sell side liquidity. * waiting on some market structure shift as price is delivered this morning towards the upside. - momentum is significantly bearish looking for longs LONDON SESSION. -looking to take ASIAN liquidity below & unmitigation bullish OB. - TARGET would be the the BSL & THE DAILY -OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
EUR/USD rebounds towards 1.1000 as USD retreatsThe EUR/USD currency pair is showing signs of a rebound towards the key psychological level of 1.1000 after a notable decline, which marked its most significant daily loss in a month and a half. The current rally is being aided by a recent pullback in the US Dollar, triggered by a general improvement in the market's risk sentiment, and anticipations regarding the US Durable Goods data release. In terms of technical analysis, the EUR has experienced a substantial rebound on the dynamic trendline of its bullish channel. This line has also provided reliable support, thereby bolstering the currency pair's upward trajectory. Our forecast is optimistic, indicating a new long impulse in the near future.
Long
by FOREXN1
11
Two Possible ScenariosThere are two possible scenarios for EUR/USD at the moment. The first scenario is that the current trend will continue and the price will break out, potentially leading to a rise in the price to a new high, or HH. The second scenario is that the price may drop from the current consolidation area, indicating a potential bearish trend. It is difficult to predict which scenario will play out in the short term, as it will depend on a variety of factors such as global economic conditions, political events, and market sentiment. Traders should monitor market trends and indicators closely to determine the best course of action. best way to wait for get confirmation after trend breakout, I'll update the chart during the market
by YOURTIME0000
EUR/USD Shows Signs of Recovery in European Session.In the European session, the EUR/USD pair has been regaining lost ground and currently trades above the 1.1000 level. Despite mixed results from Germany's ZEW Survey, the pair has benefited from the recent weakening of the US Dollar and US Treasury bond yields. Furthermore, the Euro has been supported by remarks from ECB Wunsch. As we highlighted in our previous analysis, the pair has found support at the 50% Fibonacci level, coinciding with a dynamic trendline, and has subsequently rebounded, reaching our initial take profit level today. We anticipate a continuation of the bullish trend.
Long
by FOREXN1
21