Get started

Eurusdbuy

EUR/USD: Bullish Outlook with Key TargetsHey there, looking at the FOREXCOM:EURUSD chart on a 10-day timeframe, it’s clear that the price has been stuck in a range for almost two years. Right now, the price has broken through its 7-month high and is currently trading around 1.011. Personally, I have a bullish outlook for both the medium and long term. ⏩I anticipate that the price could rise toward mid-term targets of 1.11500 and 1.12800. After that, I expect the price to potentially continue its upward movement towards long-term targets of 1.14 and the Bearish Breaker Block at 1.15, especially if it breaks above the 1.12800 high. To fully understand the ongoing trend, it will be important to observe how the price reacts to the mid-term targets. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
EURUSD BuyEurusd is consolidating over its 1 Hourly Resistance level and the volume is telling me that it will break above the resistance and will move to its daily Resistance level which is a clear buy but if it goes either way it will rally down to its Previous support but seems like it would rally up and break above the 1 Hourly Resistance level rally upwards to its daily global or physiological resistance level i would put my buys after breakabove retest and proper price action (bullish engulfing)
Long
by Wakeel_Saab
EUR/USD: AB=CD Harmonic Pattern Signals Potential Bullish TradeAB=CD Harmonic Pattern Pattern Formation: The EUR/USD pair is currently forming an AB=CD Harmonic Pattern , which is a common and reliable formation in technical analysis. This pattern is typically seen as a strong indicator of potential price movement, making it a crucial point of interest for traders. Fibonacci Retracement & Projection Analysis: The BC leg has shown a 58% Fibonacci retracement, aligning with a 2.0 projection of the BC leg. This confluence strengthens the validity of the AB=CD pattern, suggesting a high probability of the price reaching the D point as per the pattern projection. Entry Strategy: We recommend taking a Buy entry near the 1.10500 level, at the retest of the Point B breakout. This level offers a strategic entry point, capitalizing on the potential Bullish Trend Continuation toward the projected D point of the harmonic pattern. Profit-Taking Strategy: To maximize profit while managing risk, we suggest the following take profit levels: TP-1: 1.11300 - First resistance zone where partial profits should be taken. TP-2: 1.12100 - The second resistance zone is critical for further profit-taking. Stop Loss Placement: To protect against adverse price movements, a stop loss should be placed near 1.09690. This level is strategically chosen to allow for natural market fluctuations while safeguarding against significant losses. Conclusion: The EUR/USD is currently presenting a strong technical setup with the formation of the AB=CD Harmonic Pattern. By entering at 1.10500, traders can position themselves advantageously for a potential move towards the resistance zones near 1.11300 and 1.12100. Proper risk management is advised with a stop loss set at 1.09690. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Forex trading involves significant risk and may not be suitable for all investors. Always consult with a licensed financial advisor before making any trading decisions.
Long
by trading_jupiter
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
7 Dimension Buy Trade Setup for EURUSD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bullish with inducement done. Corrective swing move reaches the extreme POIs, also gives a pullback at the demand level, forming a bullish internal structure. Mitigated all POIs including extreme OB, FVG, and liquidity sweep area inside the structure in the discounted zone. Swing support demand zone plays a significant role at this point and this zone also acts as a change in polarity zone. 2: Pattern 🟢 CHART PATTERNS: Reversal: Double bottom chart patterns also indicate a reversal. 🟢 CANDLE PATTERNS: Momentum: Many bullish and bearish big candles show huge activity in this area, indicating execution momentum is on the sell side and building momentum on the buy side, but buyers look strong. Narrow range 4 pattern possibly formed and a tower bottom is also fully formed, indicating a buy-side reversal. 3: Volume 🟢 Fixed Range: According to this, many bulls are active in this area and have very good buy pressure. 4: Momentum RSI 🟢 With 2 bullish divergences in the bearish range indicating a momentum shift from bearish to sideways range shift. 5: Volatility Bollinger Bands 🟢 After corrective volatility expansion, now volatility is going to cool down and might be for one day, price can consolidate in this range and then start another impulsive move on the bull side with a possible upper band squeeze breakout walking on the band because right at this level we also see a W Bollinger band pattern and lower band puncher. 6: Strength: EUR is strong. 7: Sentiment: All indicators point to buy sentiments. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: CHOCH in M5 and also mitigated all the POIs in entry time frames ☑️ M5 Trend Line Broke 💡 Decision: Buy 🚀 Entry: 1.08845 ✋ Stop Loss: 1.08753 🎯 Take Profit: 1.09232 😊 Risk to Reward Ratio: 4.24 RR 🕛 Expected Duration: 2 Days Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology.
Long
by Optimum369
EURUSD Bullish Reversal Alert-Key Entry & Profit levelsThe EURUSD is currently forming a Bullish Shark Harmonic Pattern (XABCD) on the 4-hrs chart. This pattern is characterized by a specific series of Fibonacci retracements and extensions, signaling potential reversal points in the market. __________Potential Reversal Zone (PRZ) and Confluence Factors_____ Point D, identified as the Potential Reversal Zone (PRZ), is a critical area where price action is expected to reverse its current trend. This PRZ is notably aligned with several confluence factors, strengthening our bullish bias: Key Support Area: Point D coincides with a significant support level, suggesting strong buyer interest and potential price reversal. Bullish RSI Divergence: The Relative Strength Index (RSI) is showing bullish divergence, indicating a potential shift in momentum from bearish to bullish. 78.6% Fibonacci Level: The PRZ is also at the 78.6% Fibonacci retracement level of the previous daily swing points, adding further credibility to the expected bullish reversal. _______________Trade Setup_______________ Given the above confluence of technical indicators, we anticipate a bullish trend reversal from Point D. The following trade setup is recommended: Entry Point: 1.07075, at the 50% Fibonacci retracement level. Stop Loss: Placed below the key support level at 1.06485 to mitigate risk. ____________Take Profit Levels____________ The take profit targets are strategically placed to maximize potential gains while managing risk: TP-1: 1.07665 TP-2: 1.08255 TP-3: 1.08845 Each take-profit level represents a logical point where price action may encounter resistance, providing opportunities to secure profits incrementally. Conclusion: The EURUSD is poised for a potential bullish reversal at the identified PRZ, supported by a convergence of technical indicators. By entering at 1.07075 and placing a stop loss below the support level at 1.06485, we position ourselves to capitalize on the expected upward movement. The outlined take profit levels offer a structured approach to profit-taking, balancing potential gains with prudent risk management. Recommendations: Traders are advised to monitor the EURUSD closely for confirmation of the bullish reversal before entering the trade. Adjustments to the trade setup may be necessary based on evolving market conditions and price action behavior.
Long
by trading_jupiter
EUR/USD Price Surge: Analysis and Future Outlook The EUR/USD price has surged significantly over the past 10 days. Let's explore the reasons behind this movement and the potential trends we might face in the coming days. Fundamental Analysis: The EUR/USD exchange rate has seen a significant increase over the past 10 days. This upward trend is primarily supported by a weakening U.S. dollar, driven by several economic factors. Recent inflation data shows that U.S. inflation is slowing down, with the annual inflation rate for June 2024 at 3.0%, a decrease from previous months. This has strengthened expectations of a less restrictive monetary policy from the Federal Reserve, with investors anticipating rate cuts in September and possibly in November or December. On the other hand, the euro has been bolstered by the European Central Bank's (ECB) aggressive stance on raising interest rates, improving energy prospects in Europe, and relative weakness in the dollar. Technical Analysis: The EUR/USD chart indicates a potential structural change. Recently, as the price dropped to the lower part of the channel, it found support around the 1.07 level, hitting an upward trendline without making a lower low from the previous wave at 1.06. From that level, the price rose, testing the upper part of the channel and closing the daily and weekly candles at the previous high around 1.09. This is a crucial level; if it breaks with a daily candle, it would confirm the structural change, leading to a potential further rise. Conversely, a rejection at this level could result in a decline. Volume Analysis: In recent sessions, the Point of Control (POC) has consistently been at the beginning of the session, indicating significant volume gaps in the daily candles. The overall POC for the channel is at the 1.08 level, which could act as a support if the price declines. If the price continues to rise, there are many upper areas left to fill from the highs of the previous year. Sentiment Analysis: Current retail sentiment shows a 91% short position against 9% long, with short volumes at a four-year high. However, institutional positions as of the 2024-07-09 COT report indicate 393,029 long contracts against 160,108 short. Dealers, on the other hand, are 275,000 short against 9,478 long. This discrepancy suggests that institutional players are aligned with the market, discouraging short positions. Personal Analysis: In my opinion, the euro's recent rise seems exaggerated given the negative IPC, a rate cut by the ECB, a favorable PPI for the dollar, and Powell's statements indicating it is not yet time to cut rates. I expect a retracement from this level or slightly higher to fill some of the gaps left during the rise, after which the market will decide on the next direction. Powell's speech on Monday will be crucial. However, I wouldn't be surprised by a continued rise, as summer markets can be very unpredictable. If you don't have any open positions, it's wise to wait for the market to establish a clear direction before entering. I hope this analysis has been helpful. If you found it useful, please leave a boost to show your appreciation for the work done.
by jamesbond70
EURUSD READY TO RISE OR SHOULD WE VISIT LOWER AREAS?In previous analyzes we took the various shorts made in recent weeks and with the last missed pending operation I mentioned that from then on I would focus only on buy operations, so here I am! We are testing the latest support right now, maybe creating a double bottom? if so it could be a good starting point for a long. At the same time I see a TVC:DXY that is still very strong, which despite the negative news is continuing to rise, but the rate cut could get closer and before that it could visit the highs at 106.40 which would bring the euro to the 1.6000 zone which I think is excellent to buy. So I leave you with two setups: the first is riskier on a structure that has yet to be completed, while the second is slightly safer. Be careful, happy trading everyone.
Long
by jamesbond70