Eurusdshort
Analysis of the EUR/USD DailyAdditionally, the golden cross occurrence (50-day SMA moving above 200-day SMA) tends to favor bullish traders from a technical perspective. In addition, positive oscillators on the daily chart, which are still far from overbought territory, suggest that the price may continue appreciating in the near term. Hence, some follow-through strength looks like a distinct possibility beyond the 1.0800 mark, toward testing the next relevant hurdle near the 1.0855 regions. For the first time since April 2022, the EUR/USD pair may be able to reclaim the round figure of 1.0900 if the momentum continues.
Alternatively, the horizontal zone of 1.0730 now appears to shield the immediate downside ahead of 1.0700. Any further decline is likely to attract fresh buyers and remains contained near 1.0730. 1.0650-1.0645 That said, if the EUR/USD pair fails to defend these support levels, some technical selling may occur, which may result in further weakness below 1.0600. After testing the 1.0540-1.0535 support zone, SPOR prices could descend to the psychological level of 1.0500 and to the monthly low, near 1.0480. The latter should act as a pivotal point, which if broken decisively will shift the near-term bias in favor of bearish traders.
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EURUSD Technical Analysis and Trade IdeaI am currently watching the EURUSD for a potential opportunity. This video will focus on identifying key support and resistance levels, determining the overall trend, and discussing a potential trade opportunity. Please note that the video's content is for educational purposes only and should not be considered financial advice.
EURUSD - Retracement expected ✅Hello traders!
‼️ This is my analysis of EURUSD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement after taking out buy stop liquidity, there is a huge imbalance lower that has to be filled. I will look for a long if price rejects from bullish orderblock.
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Bearish outlook on EURUSD: 10th JanuaryOn the H4 timeframe, prices are ranging between 1.0750 and 1.0720, above the resistance-turned-support zone of 1.0620, in line with the 50% Fibonacci retracement. A break below the downside confirmation level could provide the bearish acceleration for a further throwback to the support zone at 1.0620.
EURUSD Top - Shorting The Bearish ImpulseEURUSD is on the verge of starting a sell-off.
I am expecting in Impulse Wave in Minute C (red).
The greenback (DXY) should be able to commence a Bullish Retracement.
EURUSD under pressure.
My Euro-Dollar Technicals:
* Ending Diagonal in Intermediate (C) (white)
* Complex Double Three Correction
* Hidden Bearish Divergence
* Harmonic Pattern: Bearish Cypher in Minute b (red)
* Double Top Pattern
* 88.6% Fibonacci Retracement
* 161.8% Fibonacci Extension
EURUSD SELL Signal:
* Entry @ 1.06910
* SL @ 1.08700
* TP1 @ 1.0500
* TP2 @ 1.0280
* TP3 @ 1.0140
* Safety Measure: when in the green, moving SL to BE.
* Sell Stops on the way down, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
EURUSD top-down analysisHello 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.
EURUSD: Bearish Reversal Idea, Seasonal AnalysisBearish Indications
• Resistance Zone at 1.06428
• Seasonal Analysis show EXY remains Bearish in January 60% of times.
• DXY is in a Bearish Trend on Weekly time-frame.
• Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605
• Monthly Seasonal analysis shows DXY remain Bullish in January 60%.
• EXY remained Bullish in December 2022 which indicated to a point that seasonal are working so far.
• Weekly Seasonal Analysis show EURUSD remain Bearish in 3rd Week of January
• DXY is at a significant Support Zone 103.780 from where a bounce back is possible.
• Slight Divergence spotted on ChandeMO Oscillator on EXY .
Bullish Indications
• 4hrs time-frame Higher Highs and Higher Lows formation.
• 4hrs time-frame Three White Soldiers candle pattern.
• Significant Support Zone at 1.06322
• EXY is in a Bullish Trend on Weekly Time frame.
• Weekly Seasonal Analysis shows EURUSD remains Bullish in 2nd Week of January.
• On Weekly timeframe DXY price action show an inverted hammer candle which indicates sellers are in control.
• Traditionally EXY and DXY are negatively correlated.
Biased : Short
Trade PLAN (Short)
Entry: 1.06556 (Fib Lvl 78.6%)
TP: 1.05711 (Fib Lvl 38.2%)
Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%)
Risk/Reward: 1:2.39
N.B.
Manage your Risk Accordingly.