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Eurusdlong

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!
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by Hassan_fx
EURUSD Will be in bearish direction after Breaking ChannelHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD 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
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by ForexMasters2000
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
EUR/USD on the Move - Eyes on the 1.17 Target!💶📈 EUR/USD on the Move - Eyes on the 1.17 Target! 🚀💥 Hey traders, it's time to look at one of the most traded pairs in the forex world: EUR/USD. This pair has been a fascinating ride, and now we are entering a pivotal moment once again. Since I shifted focus towards crypto and volatility, my forex trading has become more selective. Trading fewer times but with more patience has brought great results, and this approach has worked exceptionally well in recent months. 🔍 Key Insights: We had a perfect short at 1.232, riding it all the way down to parity. Not many believed we’d see EUR/USD drop to 1.00 or lower, but we anticipated it, and it played out as expected. The next major move was the reversal at parity, and we've been long since. With EUR/USD now reclaiming the 1.11 level, the charts are pointing towards a possible further move upwards. While there is a 35% chance of EUR/USD retesting 1.10, the majority of the indicators suggest continued support, and I’m looking at a target of 1.17. I had great success focusing on USD/JPY shorts, but now it’s time to re-enter EUR/USD, which has been a phenomenal trade from 0.97 to 1.12. I’m considering increasing my positions, with eyes on that 1.17 target. Don’t forget to check my recent DXY (Dollar Index) post, as these markets are closely connected and tell a similar story. Also, keep an eye on Bitcoin—I believe it’s going to make headline news soon! One Love, The FXPROFESSOR 💙
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by FX_Professor
1
EURUSD Weekly Analysis & ForecastHi Traders! As we showed in our last analysis (see chart below), the pair had formed a Reversal Pattern on both daily chart and intraday chart confirming the bullish trend in play. That said, from a technical point of view we also have a bullish harmonic structure on weekly chart with a potential Target around 1.1065. If our analysis is correct, we should wait for some pullbacks before trying to take a long position, but we will talk about that during Monday's session. PREVIOUS ANALYSIS KEY FUNDAMENTALS POINTS The Federal Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its July 30-31 policy meeting, but also signaled that rate cuts may begin as soon as the U.S. central bank's meeting in September. The decision will hinge on data between now and then. U.S. firms added an underwhelming 114,000 jobs in July, and revisions to the prior two months knocked 29,000 positions from the previously estimated number of payroll jobs. That pushed the three-month average total payroll growth down to 170,000, below the level typical before the COVID-19 pandemic. The unemployment rate also rose to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making the economy vulnerable to a recession. The number of people in a job or looking for work grew. Government data in late July showed the slowing of the labor market is being driven by low hiring, rather than layoffs, with hires dropping to a four-year low in June. Average hourly wages rose 3.6% in July compared to a year ago, versus a 3.8% annual increase in June. The Fed generally considers wage growth in the range of 3.0%-3.5% as consistent with its 2% inflation target. In a sign of the job market's continued resilience, the level of job openings remained above 8 million in June, while the number of open jobs available for each unemployed person fell slightly to 1.2, remaining roughly where it was in the years before the pandemic. Fed Chair Jerome Powell has kept a close eye on the U.S. Labor Department's Job Openings and Labor Turnover Survey (JOLTS) for information on the imbalance between labor supply and demand, and the pandemic-era jump to more than 2 to 1 in the number of open jobs for each available worker was emblematic of the time. Things have cooled substantially. Other aspects of the survey, like the quits rate, now down to 2.1, have edged back to pre-pandemic levels in what Fed officials view as an emerging balance between the supply and demand for workers. While the hiring rate has slowed, for example, the layoff rate has remained stable in a sign of companies holding on to workers. The personal consumption expenditures price index, used by the Fed to set its 2% inflation target, shows inflation slowly subsiding. It fell in June to a 2.5% annual rate, from 2.6% in the prior month. Core PCE prices, stripped of volatile food and energy costs, remained unchanged in June at 2.6%. Despite that reading, the data looks set to help Fed officials build more confidence that inflation is moving toward the U.S. central bank's 2% target. On a month-to-month basis, the PCE index rose 0.1% while core PCE prices edged up 0.2%. Officials have begun to pay closer attention to signs of weakening demand in the economy as a precursor to a slowed pace of price increases. The separate consumer price index fell in June by 0.1%, with drops in both volatile energy items and core consumer goods like vehicles, and weakness in housing costs that Fed officials have long been waiting to see. The 0.2% rise in shelter prices was the slowest since August of 2021, and overall it was the weakest CPI print since May of 2020. The data pushed the annual rise in consumer prices down to 3% from 3.3% in the prior month, with the more volatile core index, excluding food and energy, falling to 3.3% from 3.4%. Thanks for watching
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by TheAnonymousBanker
16
#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_
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by Setupsfx_
10