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Eurusdtrading

EURUSD: Buy the 4H MA50 pullback and sell at the top.EURUSD is bullish on its 1D technical outlook (RSI = 63.032, MACD = 0.002, ADX = 27.518) and on 4H it is attempting a closing above the R1 level. On the short term we have a Channel Up that will validate the new Bullish Leg if we close a 4H candle over the R1 level. If that happens, we will buy the first pullback to the 4H MA50 and aim for a +1.43% from the latest Low (TP = 1.09400), exactly what took place on April 26th. In the same manner, we will short then and aim for the 4H MA200 (TP = 1.08500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EURUSD: Today's result is critical for maintaing the Channel DowEURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we are still on course to forming the new bearish wave of the five month Channel Down. We are still aiming for the 1.236 Fibonacci extension (TP = 1.05550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
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
EURUSD: The time to sell is now.EURUSD is bullish on its 1D technical outlook (RSI = 61.508, MACD = 0.003, ADX = 33.468) but is on the 4th day of descend, which is a natural reaction as it almost hit the top of the 5-month Channel Down. In the meantime the 1D RSI almost hit the top of its own 5-month Rectangle. We are still on the ideal level to short. Our Target is intact just over the 1.236 Fibonacci extension (TP = 1.05550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2
💡 EURUSD: Analysis May 15Bar D1 increased yesterday with a wide range, had a lower shadow and closed close to the top, showing very good buying pressure during the day. More importantly, this D1 bar closed above the previous Inside bar pattern, creating an upside breakout that could be the price action that gives EURUSD D1 additional upward momentum. However, structurally, EURUSD D1 is still inclined to decrease with gradually lower price peaks and troughs. The sweep down then pulled back up and bounced strongly upwards, creating a new high price peak to help EURUSD H1 continue the short-term upward price trend. Combined with the bullish breakout at D1 from the Inside bar, H1 EURUSD today is quite favorable for the idea of ​​waiting to buy from the supports below. 💡 H1 trend: EURUSD up Today's trading idea: Buy EURUSD.
Long
by Stone_Haven
2
EURUSD Short Trade Setup A #short trade opportunity recently presented itself on the #eurodollar (#EURUSD) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 1.08939 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 1.06500 psychological level and possibly testing the strength of the 1.06443 horizontal support level. As always, please apply appropriate risk management. Happy trading! #majorpair
Short
by charles-okoukoni
1
EURUSD: Overbought on 1D presenting a sell opportunity.EURUSD is overbought on its 1D technical outlook (RSI = 71.115, MACD = 0.002, ADX = 33.336) with the price approaching the top/ LH trendline of the long term Channel Down. It is already past the 0.618 Fibonacci level, where the last LH got rejected but the 1D RSI is right where the tops of December 27th 2023 and March 7th 2024 where formed. This is a solid low risk sell opportunity, aiming for the next LL on a 1.236 Fib extension (TP = 1.05550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURUSD: Dollar steadies ahead of CPI dataThe dollar index and dollar index futures were little changed during the Asian session on Monday. But traders remain largely biased against the greenback ahead of key US inflation data later this week. The CPI - released on Wednesday - will be closely watched, as it could influence the US interest rate outlook. The dollar saw wild swings last week as mixed U.S. economic data raised questions about when the central bank will start cutting interest rates this year. However, while the US economy appears to have cooled in recent months, inflation is forecast to remain high.
Long
by Chart_MasterPro
EURUSD: 1D MA50-200 rejection. Strong sell.EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the 1.236 Fibonacci extension level). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3