Eurusdtrade
EURUSD BUY AND SELL POSSIBILITIESHi guys, This time I'll be covering EURUSD. SO currently price has tapped into our supply area which is around 1.0674-1.0694 and is selling off. Should selling continue I would expect the price to decline to 1.0623 which is the broken resistance level. Then below our support level we have a demand area which has been tested once and it could be worth trying it for the second time. So make sure you have these two levels under observation and take appropriate action upon price reaching there.
Be honorable
EURUSD 4H : Interest rate will decide EURUSD
New forecast
The EUR/USD pair is trading around support for the ascending corrective channel at 1.0540 , and trying to break it . because Breaking it will lead the price to head towards achieving further expected declines during the coming period, targeting visiting the 1.0496 level as the next aim.
Therefore the downward trend scenario will be remain for the coming period supported by Moving average 50 supports the continuation of the suggested downward trend, taking into account that breaching 1.0632 and holding above it will lead the price to return to the upward path. so the main condition to be continue at the bearish trend is stability under 1.0540 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.0590 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0590
support line : 1.0540 , 1.0496
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD Technical Analysis And Trade IdeaIn this video, we provide a comprehensive analysis of the EURUSD currency pair, with a particular focus on the current bearish sentiment in higher timeframes. Throughout this presentation, we explore fundamental aspects of technical analysis, covering elements such as the ongoing trend, price movement dynamics, market structure, and other essential components of technical analysis. As we progress in the video, we closely examine a potential trading opportunity.
It's essential to highlight that the information presented in this content is purely for educational purposes and should not be construed as financial advice. Engaging in foreign exchange market trading involves a significant level of risk. Therefore, it's vital to thoughtfully incorporate risk management strategies into your trading plan.
EURUSD: European stock futures edged higherTuesday's opening of European stock markets is anticipated to be higher as investors digest more corporate earnings in advance of the publication of significant growth and inflation data in the area, overshadowing China's dismal activity statistics.
While consumer prices are predicted to rise 3.1% annually in October, down from 4.3% the previous month, the gross domestic product is only likely to grow by 0.2% annually in the third quarter, down from 0.5% growth in the previous quarter.
EURUSD is in position to Fall!As price has reached premium prices, retracing 50+%, I am on the lookout for a reversal pattern.
When price sweeps LQ from the buyside or sellside, usually it goes in the opposite direction.
As I am bearish overall, I am looking for the HTF resumption of the overall trend, which is bearish.
Agree or disagree?
Leave a comment or question, and I will be happy to respond.
Tap that LIKE button for me, will you? Thank you.
A down wave before a rise? Or now the bull marketGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
EURUSD 4H : Confirm the bullish trend EURUSD
New forecast
The price of EUR/USD pair confirm the breach the resistance zone at 1.0632 which leads to rise up during coming period and targeting 1.0660 as a next positive station and breach the mentioned level will extend to 1.0686.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 that is continues to support the price at the bullish waves , taking into account that stabilized below 1.0612 will forces the price to present the negative trades ,so it is possible to retest to support zone and then rise up.
The expect range trading for today it will be between the resistance line 1.0660 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0660 , 1.0686
support line : 1.0632 , 1.0612
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD ANALYSE IN 1H 💹
Hello TradingView Family / Fellow Traders
Today we have an analysis of EURUSD in 1 Hour
First, we have a change of character
Secondly, we see that we have a good OB that we can rely on to enter a buy trade, so we wait until it gives us an entry signal in conjunction with the OB.
Which scenario do you think is more likely to happen and why?
📚 Always follow your #trading plan regarding entry, #risk management, and trade #management
EURUSD correlating with the DollarHi trading friend, so, EURUSD has a strong bullish push this morning,
but she has fallen a bit since. I do think it's important to keep your eyes on her if you watch her on a day by day or week by week basis to see if a new high will be made or if she will continue her overall bearish movement based on the higher timeframes.
💡 EURUSD: Potential Resistance areaThe EURUSD is nearing the initial resistance level at 1.0630, with a subsequent resistance at 1.0660. If these levels are breached, there's a strong possibility of an upward price trend encountering further resistance zones.
For today, keep a close eye on the resistance at 1.0630 and potentially 1.0660 if the price retraces. If a selling signal materializes at either of these levels, it may be a suitable opportunity to initiate a sell position.
In the event of a significant price surge, we will adopt a wait-and-see approach to evaluate the market's structural conditions before making any further calculations.
EURUSD: Euro slides after inflation data from Germany and SpainOnly a few days after the European Central Bank completed its longest interest rate bull run in 25 years last week by maintaining the key policy rate at 4%, the euro slipped 0.1% to 1.0554 as data indicated that inflation in the euro zone was declining.
Germany's most populated state, North Rhine Westphalia, saw a 3.1% year-over-year increase in consumer prices in October, down from a 4.2% increase the previous month, according to data released early on Monday.
In addition, the Spanish CPI increased by 3.5% annually, less than the 3.8% predicted, and by 0.3% in October, less than the 0.6% predicted.
EUR/USD Buy Idea 31/10/23Trade Details
Buy Limit
Entry: 1.05566
Take Profit 1: 1.05817
Take Profit 2: 1.06250
Take Profit 3:
Stop Loss: 1.05467 (10 PIPS)
Key Notes
Order flow: Bullish
Trend: Bullish
Structure: Broken
Entry at order block
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
💡 EURUSD: Next predictionEconomic Challenges of the EU Region: The primary concern for the EUR is the unfavorable combination of growth and inflation in the EU region. Disappointing activity data in the region is a persistent trend, which is even more striking given the persistent downgrade of eurozone growth expectations.
Pessimistic target: Based on cited concerns, HSBC is bearish on EUR/USD, predicting a move towards 1.0220. HSBC takes a short position from 1.0576 with a target of 1.0220.
💡EURUSD: under pressure from the US economyThe USD index stabilized at approximately 106.57, with investors analyzing the potential implications of recent positive economic data in the United States on the Federal Reserve's stance on interest rates.
Data released on Friday revealed an increase in U.S. consumer spending in September, driven by higher purchases of motor vehicles and increased travel, which is expected to continue supporting economic growth in the final quarter of the year.
According to the CME Fed Watch tool, despite the prevailing anticipation that the Federal Reserve will keep interest rates unchanged in its upcoming policy decision later this week, the market is factoring in approximately a 19% probability of a rate hike occurring in December.
"The geopolitical situation in the Middle East remains a significant concern for the financial markets," commented Chris Weston, head of research at Pepperstone.
In currency markets, GBPUSD experienced a marginal decline of 0.02% to reach $1.21195, while EUR also saw a similar 0.02% decrease, bringing it to $1.0563.
EURUSD 4H : Under sell pressure EURUSD
New forecast
Trading in the EUR/USD pair fluctuates without support for the ascending channel, waiting to contribute to pushing the price down and stabilizing the price below the 1.0540 level during the coming sessions, remembering that our next target is at 1.0496.
Therefore, the downward trend scenario will remain valid and effective supported by 50 moving average that is forms continuous negative pressure against the price, and the price needs to remain below 1.0540 as a first condition for the continuation of the expected decline, as breaching the level of 1.0562 will push the price to test the pivotal resistance 1.0612.
The expect range trading for today it will be between the resistance line 1.0612 and support line 1.0462.
Additionally ,Today News will affect the market .
resistance line : 1.0612 , 1.0632
support line : 1.0540 , 1.0496
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
