If in the next 2-3 days we go to the 1.05 area according EURUSDIf in the next 2-3 days we go to the 1.05 area according to EURUSD, then with a 90% probability we will then adjust to 1.035 according to Wolfe waves.
USDEUR trade ideas
EURUSD may squeeze towards 1.0525Intraday Update: EURUSD is at the 38% retracement, and has also broken the descending trend line. A break of the 1.0455 level would put the 1.0525 level in play.
EURUSD testing some key resistance at EOYIntraday Update: The EURUSD is testing the 1.0450 level resistance , which is near the 38% retracement and also a descending trend line. If end of year flows start to pick up with US dollar selling, the EURUSD could reach above 1.0500 in the days ahead.
IDEA EURUSD SHORT POSITION HI TRADERS
Pair : EURUSD
Position : SHORT ( SELL)
Entry Price : 104.150
STOP LOSS @ 104.400
TP 1 @103.900
TP 2 @103.650
TP 3 @103.400( Trailing SL )
#eurusd #elliottwave long buy setup wave y 23Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
EURUSD Levels/Analysis To Consider Into 2025USD strength is pushing EURUSD back towards local lows.
Weak price action gives way to potential falls, and long side planning becomes vital.
EURUSD Bearish Momentum Towards 1.03430The EURUSD is currently at 1.04070.
Looking for a 640pts Bearish Run towards 1.03430.
EUR/USD: Be careful with last minute Holiday shoppingHello traders
My last idea worked out profitably. +85 pips.
We are entering the last 24-36 hours of meaningful trading. Keep in mind, the Asian markets may not be so invested in the Holidays and may take advantage of the low liquidity in the Western markets.
However, levels are levels, especially in the most liquid currency pair, EUR/USD.
Take a good look at the monthly levels and how it translate on the lower time frame charts.
I base most of my trades on monthly/weekly levels and fine tune it on the 1 to 4 hour charts.
Fundamentally, the USA finalized the spending bill. PCE came in a tad lower at 0.1%
As I have mentioned in my idea
the chaos is back in Washington D.C. even before the inauguration of the President elect
Elonald Trump. What happened this week is unconscionable. The blatant power struggle between Trump, Musk and our elected representatives in Congress has started. Mark my words, Trump will dump his unelected co-president sooner than later. He got elected and does not share the limelight with anyone. Remember how he broke hundreds of years of protocol and walked ahead of the late Queen Elizabeth 2nd during a State visit?
The other significant development was how 38 GOP members of the House defied Trump and voted against his instruction to raise the debt limit ceiling. With a razor thin majority in the House, Trump is going to have a hard time implementing his agenda, so fasten your seat belts.
All in all, the EURO is fundamentally weaker than the USD but investors do not like uncertainty. Just look at the strength of the JPY as a safe have when adverse geopolitical developments happen.
I initiated a short position from 1.0442 and will monitor the 1.0419 level if it breaks, down to 1.0384 level for another long position.
Best of luck. Happy Holidays.
EURUSD POSSIBLE SELLThe market is currently testing the current Daily 0.5Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern via price action.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Bearish drop?EUR/USD is reacting off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0455
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.0536
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0334
Why we like it:
There is a pullback resistance level.
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Sell EURUSD Bearish ChannelThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0437
2nd Support – 1.0410
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EUR/USD is on track for a price increase
The EUR/USD pair is approaching the 1.0394-1.0382 support zone on the hourly timeframe after a decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50% and 61.8%) and previous strong reactions.
The price reaction to this support area indicates the presence of buyers and their desire to return the price to higher levels. If the price can hold this level, a move towards the resistances of 1.0513 and then 1.0618 is not far off in the short term.
On the other hand, a clear break of this support range (1.0394-1.0382) could lead to increased selling pressure and a drop to lower levels. Traders should pay attention to the reaction of the candles in this range as well as volume indicators to make better decisions.
Bearish EUR/USD, short termEUR/USD is showing strong bearish momentum, with consistent lower highs and lows, pointing to a continuation of the current downtrend. The price is approaching a critical support level at 1.03109, which has been tested multiple times, weakening its strength. A break below this level aligns with the broader trend and suggests a move to the next significant zone of interest, reflecting the measured progression of the previous downward swings. With sellers maintaining control and limited buyer interest during recent retracements, the pair is likely to extend its decline unless a strong reversal catalyst emerges.
EURUSD short-term trading set-upThe EURUSD pair has been trading within a Channel Down since the September 25 High and remains on a bearish course below the 4H MA200 (red trend-line) since October 01. The 1D RSI is displaying a huge Bullish Divergence, being on Higher Lows against the Lower Lows of the Channel Down, so long-term a strong bullish break-out is expected.
On the short-term though, we can take advantage of this Lower Lows fractal that has been formed another 2 times on this pattern and rebounds towards the 4H MA200. You can short towards the RSI's Higher Lows trend-line, take the profit and switch to buying just before it touches it and then target 1.04200 (expected course of the 4H MA200).
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EURUSD Correction To BullishEURUSD Buy Setup With the Current Price at 1.04 109
Here is Structure of EURUSD
EURUSD is at 1.04109 suggesting a possible Point to Rise. Then Next Target Buy Position is 1.05050 to Price move the Upside. if the Price Continue to Form high lows Bullish Structure Its More likely to head towards your Target.
Check for any Bullish Signals like a Break Of Resistance Favourable economic data or Bullish Pattern.
Rate Share your Idea What's Going on Thanks.
EURUSD Wave Analysis 27 December 2024
- EURUSD reversed from powerful support level 1.0350
- Likely to rise to resistance level 1.0460
EURUSD currency pair recently reversed up with the daily Morning Star from the powerful support level 1.0350 (which stopped the previous sharp downward impulse wave 1 at the end of November).
The upward reversal from the support level 1.0350 started the active short-term correction iv.
Given the strength of the support level 1.0350 and the moderately bearish USD sentiment seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.0460 (former support from the start of December).
EURUSD SELL ANALYSIS DOUBLE TOP PATTERNHere on Eurusd price form a double top pattern and now try to go down so if line 1.03817 break price is likely to go down more and trader should go for short and expect profit target of 1.03534 and 1.03215 . Use money management
Bearish drop off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support which is a pullback support.
Pivot: 1.0466
1st Support: 1.0333
1st Resistance: 1.0609
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Short buying The EUR/USD trading chart is showing an upward trajectory, presenting a favorable setup for short-term buyers. The price action suggests bullish momentum, potentially driven by positive market sentiment or economic indicators. Traders might consider entering buy positions while closely monitoring resistance levels and market news for any potential reversals. Risk management strategies, such as stop-loss orders, are recommended to mitigate any unexpected market shifts. Keep an eye on key levels to lock in profits effectively.
EURUSD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0397
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0456
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURUSD is steadily falling
EURUSD is currently in the downward channel, and the price trend is showing a steady and volatile downward trend. Previously, the price briefly went sideways after touching the lower track support of the downward channel, further expanding the price space below and forming a relatively clear head and shoulders top breakout structure. The formation of this structure further confirms the short-term downward trend.
From the short-term trend, EURUSD has rebounded to a certain extent after breaking down, but the upward momentum is limited. The key resistance levels above are around 1.046 and 1.052, while the support below focuses on 1.033 and 1.030. In terms of the overall trend, EURUSD continues the steady downward trend, indicating that the market short-selling force is still dominant.
Based on the analysis of the current trend and key points, it is recommended to focus on rebound shorting, strictly set stop losses, and pay attention to the breakout of key resistance and support to cope with potential market volatility risks.
Long Position for EURUSDPrice appears to be at a "C" Leg of a Bullish Shark Pattern on the Daily TF. I would be expecting for pattern to complete the "D" Leg with a retracement to half of the "BC" Leg, near 1.07500.
