BULLISH EUR/USD BUY On the high time frame, it is stronger.
My Entry: 1.11391
My Stop Loss: 1.11299
My Take Profit: 1.11588
DYOR, Not financial advice
Eurusdlong
EURUSD: Short-term short, medium-term long
In the short term, there is a need for a rebound in the DXY, so if you are trading related currencies like EUR/USD, it’s preferable to focus on short positions. The main resistance for the DXY rebound is around 102.
Analyzing from a broader trend perspective, the DXY is highly likely to break below 100 in the coming period. This can be used as a reference for medium-term trading of related currencies
EURUSD: Asian foreign exchange markets fell as the dollar recoveOther Asian currencies are also rising this week amid growing confidence that the US Federal Reserve will start cutting interest rates from September. But labor market data is weak. announced on Wednesday partly caused risk aversion, as concerns about a US economic recession returned.
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
#EURUSD: Another 300-400 Pips Achievable? Dear Traders,
We have an excellent buying opportunity, entry at the current price region can give you another 300- 400 pips from current price area. We already have entry when price had reached to the 'discounted price zone' where price rejected many times creating multiples strong wick rejections. That gave us indication price will be moving towards our target.
Good Luck
#EURUSD: Swing Buy 400+ Pips, Buying Opportunity! FX:EURUSD
Price fell to our discounted buying zone, now we expect price to bounce from the our zone. Still we are awaiting a strong buying volume to kick in the market which will help us targeting our take profit zone. Please use accurate risk management and we wish you all the best. Good Luck.
Team Setupsfx_
#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_
EURUSD: Second Entry Can Be Taken At The Marked Area!Dear Traders,
FX:EURUSD we can see price making correction in our view, the price in long term is bullish and that is why a risk managed entry can be beneficial. The main reason for price to drop related to the DXY reversing bullish. Good Luck.
#EURUSD: 500+ pips buying opportunity | Ready Before NFP?Dear Traders,
Hope you are doing excellent, we have a solid swing buying, we have nfp coming up next week this will be decider for EURUSD future price movement. However, there is also a possinlity that price can do the early mitigation which will not be ideal for as we currently expecting price to drop a bit more before it bounce.
good luck
EUR USD Trade Setup Daily TimeframeEUR USD has been pushing bullish just like GBP USD.
And the price has broken out of the daily resistance level, which will now act as a support level.
Lets scale down to the lower timeframe to find patterns and entry confirmations.
EURUSDThe price broke the ceiling and BOS was hit, so price drops give us the opportunity to buy until the next swap zone
BUY EURCADIn today's session we are monitoring EURCAD for buying opportunities. First entry at 1.50933, stops below 1.50739 and targets above 1.51472. Use proper risk management.
looking for Sell EUR/USD around 1.11(8/20/2024)it's still too soon to jump to a conclusion but it seems EUR/USD is moving inside a big diagonal triangle and right now has hit the upper dynamic trendline.
we can sell EUR/USD if the price shows some bearish signs around here.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPUSD, EURUSD and USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/USD Broke D Res , Best Place To Buy & Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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.
EURUSD will it pushes higher? **Monthly Chart**
EURUSD Last month's candle closed bearish after taking the previous month's high (May 2024) then sharply pushed and closed lower. However, this month's candle (Still active - July 2024) opened at the low of the range of the previous month only to push higher after it tested the demand zone around 1.06600 level. This has given a strong momentum for buyers to push the price at least towards breaking 1.1000 round number) supply zone.
* *Weekly Chart**
On the weekly chart EURUSD looks like it is in a large range between 1.06000 and 1.09150 from March 2024. The price attempted to break the high three times but it failed. This time with a close of a strong bullish candle last week, this suggests a continuation of the trend at least to break the high and test 1.1000 level. However, it is risky to buy at the high. So we will wait for a good retracement or corrective structure to provide us an opportunity to buy for another push to the upside. In this case, we will look at lower time frames for better risk-to-reward and good execution parameters.
**Daily Chart**
EURUSD remains bullish, however, it is moving through a critical price location near the previous daily swing and liquidity pool. The expectation for this week is for a corrective structure before one more bush to the upside at least to take the liquidity above 1.09160 and then move towards 1.1000.
EURUSD at a Tipping Point: Explosive Breakout or Breakdown?Is the EURUSD on the verge of a major breakout, or are we heading for another disappointing retreat?
Once again, we’re sitting above the 1.10 zone, and the price has moved into the upper range territory. Since early 2023, EURUSD has been stuck in a weekly range between 1.05 and 1.104, with only one quick rally to 1.12 that was quickly faded.
Are we finally ready to see a clear breakout higher, or will the price fail again and fall back into the range? Let's take a closer look at what the charts are indicating.
Zooming into the daily charts, we can see the range more clearly. Yesterday, the price spiked up to create a new high for the year before quickly selling off (see image below).
Shifting to the 4-hour charts and adding the MACD indicator, a clear bearish SELL signal has appeared, indicating that buying momentum is beginning to fade. Given the HTF price zone we’re in, a sell-off to at least 1.093 seems likely.
Now, I’m waiting for my TRFX indicator to give a sell signal on the 2-hour or 4-hour timeframe.
The first target for this position is 1.093. I’ll then re-analyze the price action at that level. If selling momentum picks up, a deeper correction toward the bottom of the range could be on the cards. My stop loss will be set above 1.11.
This week's WEEKLY candle close will be crucial. If we get a clear break and close above 1.105, a move up to 1.12 is highly likely. I’ll be closely watching for any reaction to the US GDP today.
If the above scenario plays out, I will shift my strategy from selling to buying on any short-term retrace to 1.105, targeting 1.12.
For now, it's a short setup until the market indicates otherwise.
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EURUSD H1 TIME LONG TERM Sell TRADING IDEAHello 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
EURUSD from a HTF price in a down trend and or making an ABC wave we are currently in B and making that upward move, i expect as price is going to point z, to take the liquidity in at point y, so the idea in the LTF is to look for buys
7 Dimension Sell Setup For EURUSDCore Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: A completely bearish structure with sweeps and mitigations. The market has taken proper inducement and completed its corrective swing move with multiple pullbacks. Now, after mitigating the external POI, it is once again forming a bearish internal structure from the premier zone. We are ready to go short with a classic smart money entry model.
Resistance: Supply zones already give strong rejections.
2: Pattern
🟢 CHART PATTERNS
Reversal: V-Shape Recovery formed toward the extreme POI, now ready for another rejection.
🟢 CANDLE PATTERNS
Record session count candles are making too much bullish momentum but are unable to break the upper side POI, which seems to be nothing but a trap.
Inside: Narrow Range just started forming a range pattern.
3: Volume
We experienced massive volume during the last few 4H sessions, but they all failed to break the upper side resistance. It seems to be nothing but profit booking or execution volume here.
4: Momentum RSI
🟢 Since a long time, the market has been in a sideways to downtrend zone without any proper range shift. We also observed a powerful bearish divergence at the last rejected high area. No significant move in terms of momentum, indicating everything is in favor of bears. No need to change your mind.
5: Volatility Bollinger Bands
The last volatile move contraction is now about to end with expansion, with a squeeze breakout and walking on the band. It fulfills all the volatile parameters, but at the end, it was not able to break the upside resistance. This indicates nothing but some profit-taking or big player manipulation.
6: Strength ADX
In terms of ADX strength, this trend is in the bearish zone yet.
7: Sentiment
All parameters and geopolitical indicators tell us loudly that EUR is still bearish.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI Mitigated
💡 Decision: Sell
🚀 Entry: 1.09200
✋ Stop loss: 1.09500
🎯 Take profit: 1.06367
😊 Risk to reward Ratio: 10RR
🕛 Expected Duration: 10 days
SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a bearish move.
EURUSD, Ready for falling ?Hello Traders, Hope you are doing great.
for upcoming days, we'll probably see a downward correction in EURUSD to Specified dashed lines. and after that we may see another rise so with a proper trigger we can open a short position and after that a long position.
and finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
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THANKS.
EURUSD Analysis==>>Signs of a FallEURUSD is moving near the Resistance zone($1.0955-$1.0933) .
According to Elliott's wave theory , EURUSD seems to be completing the Double Three Correction(WXY) .
Also, the Ascending Broadening Wedge Pattern can be a sign of EURUSD reversal.
I expect EURUSD to continue to decline, at least in the Support zone($1.0884-$1.0864) .
This week, the US economic calendar will be very busy releasing inflation Indices that will likely influence the Federal Reserve's monetary policy . We must wait for the prices to react when the indices are published.
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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