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Eurusdprediction

EurUsd Lower ahead of Next weeks Eur Rate Cuts?Usd strength! After those talks of Eur rate cuts next week by Euro central bankers. Lower rates means less monies flow into the Eurozone for the Carry trade. USD is taking advantage of this and strengthening. Look at that shooting star candle on the Daily timeframe. What a pre-cursor to a massive selloff on the Eur today. The price action was giving us hints as to what would eventually occur. If you go look at our previous posts from early in the week , we talked about the clean range to the downisde on EU and bam we just filled the range down to 1.08147 Daily level and have exceeded it by another 20 pips. We have our next key level at 1.0768 Daily support level. I'm anticpating more downside these next sessions but we may observe some shakeout volatility first. Safe trading
Short
by ShrewdCatfx
EURUSD Technical Analysis and Trade Idea As we examine the EURUSD, a robust bullish trend becomes evident, especially when scrutinizing the daily and 4-hour charts. Notably, we’ve identified bullish price action—a decisive breach in market structure on the 4-hour timeframe. However, it’s crucial to recognize that this breakout could potentially lead to a short-term bearish correction before the overall bullish trend resumes. Trade Idea: Considering the bullish bias, we look for buying opportunities near key support levels. A pullback toward the 61.8% Fibonacci retracement could offer an attractive entry point. Remember that this analysis serves educational purposes only. Always conduct your due diligence and consider risk management principles when implementing any trade ideas. 🚀
Long
by fxtraderanthony
2
Friday Optimism carries into Monday's trading? ♦️Hello Traders. Welcome back to another Analysis. Last Weekly candle closed down 20 Pips on EurUsd.. which was quite a different picture from the previous 5 weeks. Through the second half of April and throughout most of May we observed alot of optimism and observed a decent rise in EurUsd. This sentiment came to a halt last week as EurUsd pulled down during most of the week as the USD made some gains.. that was until Friday when most of the gains were given up to the Eur as price climbed it's way back up. The 50 pip move down on Thursday, with better than expected PMI numbers for the USD, was corrected in it's entirety on Friday. Now What? Price is in a tight range to begin the week between 1.08524 4hr zone and 1.0845 4hr zone. Well the monthly candle on EurUsd is still quite bullish. It is the End of the month and this last week could see some hectic volatility, so we must be cautious. Either the Monthly candle will keep pushing up or it will pull back and create a larger top wick. We do have a very nice clean traffic area on EurUsd if we can get below 1.0835. We can decrease underneath there for 20 pips at the least down to the 1.08147 Daily Level. Ranges to trade within look quite messy to me to the upside. My Bias to begin this week will be short and we have the weekly candle closure last week to back us up. This doesn't mean that a solid 1hr candle closure off 1.08413 couldn't suggest decent buy scalp opportunities. My bias to begin Monday's trading is a decrease to the Weekly support level 1.08358. Safe trading. Not Financial Advice but purely for General Informational and Educational purposes only.
Short
by ShrewdCatfx
EURUSD price analysis week 22📌After the surprise data on US services PMI skyrocketed, there was concern that the FED would cut interest rates less than expected. This caused investors to rush into the USD and pushed the Euro down despite the EUR PMI data. better than previously announced expectations. 📌EUR/USD recovers to 1.0850 as risk mood improvesEUR/USD gains traction and rises to 1.0850 on Friday. The improvement seen in the risk mood made it difficult for the US Dollar (USD) to maintain its strength and helped the pair erase some of its weekly losses. 📌EURUSD does not break the EMA 89 and continues to maintain its long-term uptrend. After bouncing up to 1.0850 EUR, it created a new, more stable and solid trendline. This 1.0850 area is currently a resistance area saved by the trendline and the old peak in the h4 time frame, so there is a high possibility that the pair will have a slight recovery. The highest increase that the pair can achieve next week is around the price range of 1.0930 after breaking the peak around 1.0890. On the opposite side, if the rising trendline is broken, the next support level is around 1.0770, at which point a short-term downtrend will begin to form if this support is broken. 🕯Trading signals BUY EURUSD zone 1.07700-1.07500 SL 1.07200 SELL EURUSD zone 1.09300-1.09500 SL 1.09800
by TVS-Trader
EUR/USDMy plan for EU this week is similar to GU, but with a focus on the nearby supply zone. I will look for a temporary sell-to-buy setup, especially interested in the 3-hour supply zone. However, I will proceed with caution and wait for a distribution to occur within the POI before considering any sells. There is trendline liquidity above the supply, so I expect the zone might get breached to sweep the Asian high. Once price reaches the 11-hour supply zone, it will present a more favorable sell opportunity. If the price drops early, I will wait for it to reach the 10-hour demand. Confluences for EU Sells are as follows: - Price has changed character to the downside. - Price has left a clean 3hr supply that is sitting ontop of some liquidity. - Price left an imbalance below that needs to get filled. - Price has been very bullish and can do with a retracement back down. P.S. If the price reacts to the 3-hour supply, I will look to sell down to fill in some of the imbalance just above the 10-hour demand. At that area, I will shift my bias to buying, following a day trader approach. Have a great trading week ahead guys!
Short
by Hassan_fx
1