Eurusdshort
EURUSD - Boom or BustNFP around the corner, will it strengthen USD or weaken sentiment?
EURUSD is at monthly channel low, good upside potential (macro)
DOW is also at monthly low, be interesting to see what run bullish as it will determine the direction of the EURUSD pair.
DOW + Bullish = EURUSD Bearish
Negative NFP reports could push DOW into new lows and set the EUR off on it's bull run.
Also quite difficult to give an accurate estimate because rates are still so high and with so much quantitive easing post covid from both the USD and EUR it's hard to tell what will happen.
Good time for reactive trading, rather than predictive.
EURUSD Technical Analysis and Trade IdeaCurrently analysing the EURUSD. In this video, we focus on identifying key support and resistance levels, determining the overall trend, and discussing a potential trade opportunity. As always everything described in the video. Please note that the information provided in the video is for educational purposes only and should not be taken as financial advice.
Did EurUsd topped?EurUsd has started the year badly, with the first trading day of 2023 being a red one, but more importantly, marking the up break from last Friday as a false one.
On 3rd January we have a new long red candle that also breaks under a small double top pattern and yesterday's candle, a new drop with the candle engulfing the 4th of January correction.
The all, put together, could give us an idea that the 3 months correction is over and the most traded pair is ready to resume its long-term bearish trend.
Short-term traders could focus on the 1.0580 zone resistance and target the 1.04 support and medium-term traders can aim for the 1.02 important one.
Negation comes with a new high above 1.07.
Anyway, as I said multiple times in my previous analysis, there si nothing fundamentally that supports higher prices for Eur above 1.08, and this year I expect a new visit under parity if not even a new low.
EURUSD may drop to monthly supportCurrency Pair : EURUSD
Possible direction : Bearish
Technical Analysis : Price has broken out of daily support and showing strong bearing momentum on daily and 4h. Current session candle has a very weaker response from the buyers.
Fundamental : Positive ADP Non Farm Employment change data has given a strong boost on USD
Possible trade recommendation : Bearish as per chart
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EUR/USD :: Heavy Resistance .EUR/USD :::
The price has tried several times to break this long-term resistance, but so far it has not succeeded .
The price is moving in a downward channel and this increases the probability of a fall .
The probability of the channel breaking is low, but if it breaks, we will see a big price increase .
Good luck .
Bearish outlook on EURUSD: 5 January 2023On the Daily time frame, prices are testing a key support zone at 1.0550 and a break and close below this zone could provide the bearish acceleration to the next support zone at 1.01800, which lines up with the 50% Fibonacci retracement. Stochastic is showing a bearish divergence and testing resistance where we could see a further downside, in line with prices.
SHORT ON EUR/USDPrice has finally broken below the
support area of a Major rising wedge.
It has since given a perfect retest
of the 61.8 fib level and the bears
have now shown up on the lower TF.
Here is the play I will be taking:
Entry - 1.05828
Stop Loss - 1.06354 52 pips
Take Profit - 1.04155 167 pips
EURUSD 4hr Short | Algorithm TradingEURUSD 4hr short
⚠️ USD NFP on the 6th, half risk.
Shortstop @ 1.05571
TP #1 @ 1.05093 74.51% wr
TP #2 @ 1.04608 60.78% wr
SL @ swing high 1.07136 15.69% hr
WR and HR determined by past trades made on this timeframe on this pair
more trades like this on Bifrost trades and on my page.
EURUSD 4H: 29/12/2022: Short opportunity
As you can see, price is on a trading range for a week and has a strong support on 1.055.
This analysis is base on breaking the support.
Now we can define our expectation:
potential sell zone:
1.0685 to 1.071
Targets:
1.055
1.036
1.022
💡Wait for update!
🗓️29/12/2022
🔎 DYOR
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EURUSD H1: Bullish outlook seen, further upside above 1.0630On the H1 time frame, prices are approaching the support zone at 1.0630, in line with the ascending channel’s support and Fibonacci confluence levels. A throwback to the support zone at 1.0630 could present an opportunity to play the bounce to the resistance zone at 1.0710. Stochastic is testing support at 10.55 as well where we could see more upside, in line with prices.
EURUSD update From my previous Post on my EURUSD set up as you can see we almost made our TP although we made some amazing pips even though the market is not fully operational
In this set up i was able to see the Elliot wake formation and capitalize on it bringing out the new entry on the last wave then i'll be looking to see what happens next stay tuned for more
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