EURUSD ( BREAKOUT CHANNEL ) ( STRONG BULLISH ) ( 4H )EURUSD
HELLO TRADERS
Tendency , the price is under strong bullish pressure ,after breakout 1.084
TURNING LEVEL : the price of turning level between 1.091 and 1.094 , indicates the price breaking 1.091 reach a new resistance level or created a new historical peaks , but if breaking 1.094 reach a support level .
RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 1.096
and 1.099 , for reach this level after breaking 1.091 .
SUPPORT LEVEL : support level at 1.088 . for reach this level should be price breaking a turning level at 1.094 .
PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 1.091 rising or reach a new resistance level at 1.096 , then reach a 1.099 , after breaking 1.094 reach a support level at 1.088 it is a strong support level , the by open below 4h candle below this level reach 1.079 .
TARGET LEVEL
RESISTANCE LEVEL : 1.096 , 1.099 .
SUPPORT LEVEL ; 1.088 , 1.079 .
Eurusdtrade
EUR/USD Price Surge: Analysis and Future Outlook
The EUR/USD price has surged significantly over the past 10 days. Let's explore the reasons behind this movement and the potential trends we might face in the coming days.
Fundamental Analysis:
The EUR/USD exchange rate has seen a significant increase over the past 10 days. This upward trend is primarily supported by a weakening U.S. dollar, driven by several economic factors. Recent inflation data shows that U.S. inflation is slowing down, with the annual inflation rate for June 2024 at 3.0%, a decrease from previous months. This has strengthened expectations of a less restrictive monetary policy from the Federal Reserve, with investors anticipating rate cuts in September and possibly in November or December. On the other hand, the euro has been bolstered by the European Central Bank's (ECB) aggressive stance on raising interest rates, improving energy prospects in Europe, and relative weakness in the dollar.
Technical Analysis:
The EUR/USD chart indicates a potential structural change. Recently, as the price dropped to the lower part of the channel, it found support around the 1.07 level, hitting an upward trendline without making a lower low from the previous wave at 1.06. From that level, the price rose, testing the upper part of the channel and closing the daily and weekly candles at the previous high around 1.09. This is a crucial level; if it breaks with a daily candle, it would confirm the structural change, leading to a potential further rise. Conversely, a rejection at this level could result in a decline.
Volume Analysis:
In recent sessions, the Point of Control (POC) has consistently been at the beginning of the session, indicating significant volume gaps in the daily candles. The overall POC for the channel is at the 1.08 level, which could act as a support if the price declines. If the price continues to rise, there are many upper areas left to fill from the highs of the previous year.
Sentiment Analysis:
Current retail sentiment shows a 91% short position against 9% long, with short volumes at a four-year high. However, institutional positions as of the 2024-07-09 COT report indicate 393,029 long contracts against 160,108 short. Dealers, on the other hand, are 275,000 short against 9,478 long. This discrepancy suggests that institutional players are aligned with the market, discouraging short positions.
Personal Analysis:
In my opinion, the euro's recent rise seems exaggerated given the negative IPC, a rate cut by the ECB, a favorable PPI for the dollar, and Powell's statements indicating it is not yet time to cut rates. I expect a retracement from this level or slightly higher to fill some of the gaps left during the rise, after which the market will decide on the next direction. Powell's speech on Monday will be crucial. However, I wouldn't be surprised by a continued rise, as summer markets can be very unpredictable. If you don't have any open positions, it's wise to wait for the market to establish a clear direction before entering.
I hope this analysis has been helpful. If you found it useful, please leave a boost to show your appreciation for the work done.
EURUSD ( UNDER BULLISH PRESSURE ) ( 1H )EURUSD
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure .
TURNING LEVEL : the price around 1.088 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously , rising until reach a resistance level , currently price 1.090 , as long as the price trading above turning level reach a resistance level my goal 1.093 , but small retest inside FVG area before rising .
PRICE ACTION :
LONG CONDITION : the price trying to retest a FVG area , then rising a resistance level at 1.093 , breaking this level reach a next level at 1.096 .
SHORT CONDITION : if the price breaking turning level at 1.088 by open 4h candle below this level reach a support level at 1.086 , then stabilizing below this level reach a 1.082.
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL : 1.093 , 1.096 .
SHORT CONDITION / SUPPORT LEVEL : 1.086 , 1.082 .
EURUSD Technical Analysis and Trade IdeaIn this video, we take a close look at the EURUSD currency pair. Right now, it's in a strong bullish trend. However, it seems a bit overextended, and since it's Monday, I'm being cautious. I'm looking for an entry point if the price drops back into the 50-61.8% Fibonacci zone.
In the video, I share my thoughts on price action, market structure, and the trend. Remember, this content is for educational purposes only and is not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies.
EURUSD - Trade analysis !!Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from liquidity zone.
Fundamental news: Upcoming week on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
EURUSD → BUY SIGNALDuring yesterday's session, the euro continued to fall to the 1.08050 zone. We can see in the candle wicks how institutional traders were placing buy orders.
The target level remains at 1.08750. Only a drop in price to the buying zone would make us re-enter the market with new orders, taking advantage of a better entry price.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD ( PUSHING TO BULLISH ) ( 4H )EURUSD
HELLO TRADERS
after the price breaking a supply zone , the price has taken an upward direction
Tendency the price trade above turning level at 1.084 , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 1.084 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line above turning level around 1.091 , indicates selling have already increase this level , when you reach this level buyer have more supply for OANDA:EURUSD
SUPPORT LEVEL : there is a black line below turning level around 1.079, indicates buying have already increase this level , when you reach this level selling have more demand for OANDA:EURUSD
PRICE MOVEMENT : the price after CPI breaking a supply zone , know the price has taken a bullish direction , have three conditions for OANDA:EURUSD movement
FIRST CONDITION : price directly rising to inside a supply zone to touch a resistance level at 1.091 , then to reach a 1.094
SECOND CONDITION : the price trying to reach a turning level at 1.084 , after rising a resistance level
THIRD CONDITION : if the price breaking turning level by open 4h candle below a this level reach a support level at 1.079 , then trade below this level reach a 1.072
TARGET LEVEL :
RESISTANCE LEVEL : 1.091 , 1.094
SUPPORT LEVEL : 1.079 , 1.072
EURUSD Bullish Direction Money heist planMy Dear Robbers / Traders,
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EURUSD , Time for sell ?Hello traders, hope you doing great.
for upcoming Days, I think we'll probably see a downtrend in EURUSD from one of the specified Red Levels. so with a proper trigger, we can open a short position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
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Thanks.
EURUSD Roadmap==>>1-hour time frameEURUSD is moving near the Resistance lines and Potential Reversal Zone(PRZ)($1.084-$1.081) .
According to Elliott's wave theory , EURUSD seems to be completing the Expanding Ending Diagonal .
Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
I expect the EURUSD to decline at least to the target I have specified on the chart.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD → SELL SIGNALToday we will have great volatility in the market, since the non-agricultural payrolls data comes out in the american session.
The euro has just made a new weekly high, but we still have candles with bearish pressure, so if the data is better than expected we will see the price fall to the 1.07500 - 1.07000 zone.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD ( UNDER BEARISH PRESSURE ) ( 4H )EURUSD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
RESISTANCE LEVEL : there is a green line around 1.089, indicates selling have already increase this level , so if the price breaking turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 1.075, indicates buying have already increase this level , so if the price stable below turning level reach this level .
PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.069 , if the price breaking turning level reach a resistance level by 1.089 , then stable by open 4h candle above this level reach a 1.095
TARGET LEVEL :
RESISTANCE LEVEL : 1.089 , 1.095
SUPPORT LEVEL : 1.075 , 1.069
THE ONLY SETUP YOU NEED FOR EURUSDMonday is most of the times a boring days to trade, but it's an important day to keep in mind to make a plan. Today is a dangerous trade to operate, and that's why i have two setup in one idea for you. EURUSD will go down, and this is a high probability trade. But today Powell will speech, and this could create volatility. I do not exclude that EU could go higher to squeeze the short. But it can happen for some minutes only. We will go down and the price will reach 1.074, probably this week. Here i have planned to enter long, because price will reverse. R:R will be better in the long trade, but i will DCA the short today
EURUSD ( TREND UNDER RESISTANCE TRENDLINE ) ( 4H )EURUSD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates OANDA:EURUSD is under bearish pressure .
TREDN ANALYSIS : resistance trendline toward a downward a direction , and the price stabilizing below this , indicates the price trying to reach a support level .
TURNING LEVEL : a blue line between resistance and support level around 1.084 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level .
RESISTANCE LEVEL : there is a green line around 1.094 , indicates selling have already increase this level , so if the price breaking turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 1.071, indicates buying have already increase this level , so if the price stable below turning level reach this level .
PRICE MOVEMENT : first the price will trying to rising a turning level around 1.084 , after dropping to the support level around 1.075 , then stable below this level reach 1.071 .
if the price breaking turning level reach a resistance level by 1.091 , then stable by open 4h candle above this level reach a 1.094
TARGET LEVEL :
RESISTANCE LEVEL : 1.091 , 1.094
SUPPORT LEVEL : 1.075 , 1.071
EURUSD: in a positive stateEURUSD: The EUR is still in a positive rising state and it is expected that in today's session, the prospect of an increase is still very high with the possibility of breaking through the 1.0820 threshold and reaching a higher target area above the 1.0900 area in the context of The USD is increasingly weakening. You can consider maintaining the buying position with EURUSD today.
EURUSD will have a greater chance of rising in the next few tradH4: Since June 17, EURUSD has been in the narrow range of 1.6080-1.0780, and the pattern has formed a "Falling Wedge". From this, it can be judged that EURUSD will have a greater chance of rising in the next few trading days.
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EURUSD again finding support at our trendlinesIdea No : 11
9 out of 10 previous ideas were successful with 1 still running, let's talk about 11th
these trendlines looks very solid for this pair and probability is very high that we see a rebound from here again
this is a short term setup and could give results soon
EURUSD - Supply zone reached / Short trade opportunity !Hello Traders!
I see a confirmation of retracement from the supply zone, which for me is a good argument to execute a short trade.
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EURUSD → The target is 1.08000In yesterday's session we had a drop in the price of the euro to the level of 1.07100, which we took advantage of to add new buy orders.
A few hours ago the price retested the 1.7500 level, but has not managed to break it. The target remains at the 1.08000 level. If the euro falls again, we will take advantage of it to add new buy orders.
Guys, what do you think? Leave a comment with your thoughts.