POTENTIAL TRADE SETUP ON EURUSDPotential Trade Setup on EURUSD
Prior to the spike which was initiated by the July NFP data released. EURUSD seem to be ranging since then, however there is an opportunity for trade setup moving forward..
The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price drop further downside move, then a SELL trade is good to go.
You may find more details in the chart!
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Eurusdtrade
EUR/USD Longs from 1.08200 back up This idea aligns with my other pairs. After mitigating a daily imbalance, price is showing clear rejection and heading down to fill the imbalance left from last week's NFP news event.
If price reaches the extreme demand level on the 17-hour timeframe, I'll wait for a Wyckoff accumulation to buy back up. Meanwhile, I’m watching for a new supply zone to sell from or considering imminent sells as price is currently in a 4-hour supply zone.
Confluences for EU Sells:
Price broke structure to the upside on the higher timeframe.
Significant liquidity and imbalances remain to the upside.
A clean 17-hour demand zone triggered this bullish move.
Large imbalance above the demand zone that needs filling.
P.S. If price moves higher and surpasses the last swing high, I'll look to the deep supply on the 22-hour timeframe as the next drop-off point.
EURUSD analysis week 33Fundamental Analysis
EUR/USD traded sideways above the round-figure support of 1.0900 in New York trading on Friday. The ECB is expected to cut interest rates two more times this year as the Eurozone economy struggles and price pressures are on track to return to the desired 2%. However, ECB officials have yet to commit to a predetermined rate-cutting path as they expect a path towards the central bank's 2% target.
The US dollar (USD) consolidated in a narrow range, with investors focused on the extent to which the Federal Reserve (Fed) will cut interest rates at its September meeting. Looking ahead, the next trigger for the US dollar will be the US (US) Consumer Price Index (CPI) data for July, due out on Wednesday.
Technical Analysis
GBPUSD continues to trade within an ascending channel with the nearest support and resistance in the price range of 1.100 and 1.074. On the H4 timeframe, the EMA 34 has crossed above the EMA 89, indicating that the market structure is starting a new uptrend in line with the current price channel with the highest Resistance at the peak of the beginning of this year around 1.112. On the other hand, any daily close above the support level of 1.075 would confirm that EURUSD could break the ascending channel and move towards the support level of last month around 1.062.
Resistance: 1.100-1.112
Support: 1.075-1.062
Trading Signals
SELL EURUSD zone 1.100-1.102 SL 1.104
BUY GBPUSD zone 1.075-1.073 SL 1.071
EURUSD Analysis==> H&S patternEURUSD reacted well to the Potential Reversal Zone(PRZ) and Heavy Resistance zone($1.1185-$1.098) .
According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing five impulsive waves , and we should wait for EURUSD to decline .
From the point of view of Classical Technical Analysis , it seems that Head and Shoulders Pattern is likely to form.
I expect EURUSD to continue to decline, at least in the Support zone($1.0885-$1.0860) .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
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Eurusd EUR/USD retreats toward 1.0900 after US data
EUR/USD struggles to preserve its recovery momentum and declines toward 1.0900 in the second half of the day on Thursday. Better-than-expected weekly Initial Jobless Claims data from the US supports the USD, causing the pair to stretch lower.EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.The EUR/USD pair fell following the release of US employment-related data and pierces the 1.0900 mark. The daily chart shows it’s down for a third consecutive day and that technical indicators turned south, in line with the increased selling pressure. At the same time, the pair trades above all its moving averages, although the 20 Simple Moving Average (SMA) has lost its upward strength and turned flat at around 1.0870. The case for a steeper decline seems limited, albeit a break through 1.0890, the immediate support level, could exacerbate the decline.
In the near term, and according to the 4-hour chart, the risk skews to the downside. EUR/USD retreated sharply after repeatedly meeting sellers around a flat 20 SMA, somehow suggesting buyers capitulate. Technical indicators, in the meantime, head firmly south within negative levels, supporting another leg lower.
Support levels: 1.0890 1.0845 1.0800
Resistance levels: 1.0950 1.1005 1.1045
EURUSD ( INSIDE ASCENDING CHANNEL) ( 4H )EURUSD
HELLO TRADERS
Tendency, the price is under up ward pressure , until trade above turning level at 1.091 .
Upward zone : In order to see an increase, the price needs to continues trading above a turning level at 1.091 , to reach resistance levels (1) around 1.098 , then if the price breaking resistance level (1) by open 4h candle above it indicates to reach a resistance level (2) at 1.102 , but stabilizing below this level it refers likely to reach a turning level .
Downward zone: Provided until the prices breaking turning level by open 4h candle below it, indicates a reach of the support level (1) at 1.084 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.078 .
Corrective level :Price may make a correction at 1.091 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 1.098 , 1.102 .
SUPPORT LEVEL : 1.084 , 1.078 .
1-Hour Chart AnalysisVist fourtrades website for market analysis link in the bio
Current Price: 1.09208
Trend: The daily and 4-hour charts remain bullish.
Key Levels:
Resistance: 1.09600 - 1.09700
Support: 1.09000 - 1.08900
The 1-hour chart indicates that EUR/USD is experiencing a short-term pullback within a broader bullish trend. The price is currently consolidating just below a key resistance level. If the price breaks above the resistance zone, it could target the upper resistance level around 1.09600 - 1.09700. Conversely, a failure to break above may result in a decline towards the support zone at 1.09000 - 1.08900.
EURUSD Analysis week 32Fundamental Analysis
EUR/USD gained on Friday after the Greenback was weakened by the poor US Non-Farm Payrolls (NFP) data.
With the US economic data turning sour, investors extended their losses for two days on growing concerns about a broader recession in the domestic US economy, triggering a flight from risk assets and sending equity indices sharply lower.
Next week, the US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. Euro-wide retail sales for the year ending June are scheduled for release early Tuesday. This will give us a clearer picture of the current stage of the currency market.
Technical Analysis
GBPUSD formed a wide range after the NF release with the nearest support resistance in the range of 1.094 and 1.082. On the H4 timeframe, EMA 34 is looking to surpass EMA 89 to escape the short-term downtrend of the past week. Specifically, it proves that the price line has broken out of the downtrend line. The uptrend may face the highest resistance at 1.098 when the price breaks out of the immediate resistance at 1.094. On the other hand, recovery is necessary in an uptrend. The price trend may retest the broken trend zone around 1.083 after some investors take profit. If the downtrend is established, the strong support zone next week will be 1.075.
Resistance: 1.094-1.098
Support: 1.083-1.075
Trading Signals
BUY EURUSD zone 1.075-1.073 Stoploss 1.071
SELL GBPUSD zone 1.098-1.100 Stoploss 1.102
EURUSD ( UNDER UPWARD PRESSURE ) ( 4H )EURUSD
Tendency , the price is under bullish pressure , until trading above 1.076.
TURNING LEVEL : the price of this level at 1.076 , so as long as the price trade above this level indicates likely to reach a resistance level (1) , but if the breaking by open 4h candle below this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.084 , for reach this resistance level the price need stabilizing above a turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 1.089 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.072 , for reach this support level the price need breaking a turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 1.067 , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 1.079 , as long as the price trading above turning level , indicates to reach a resistance level (1) , then breaking this level likely to reach resistance level (2) , by breaking turning level indicates likely to reach support level (1) .
TARGET LEVEL :
RESISTANCE LEVEL : 1.084 , 1.089 .
SUPPORT LEVEL : 1.072 , 1.067 .
EURUSD Technical Analysis and Trade Idea 👉🔍In this video, we closely examine EURUSD. Recently, the EURUSD has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement.
In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
EURUSD Trading signalsBUY EURUSD now zone 1.08300-1.08100
↠ Stoploss 1.07900
→ Take Profit 1 1.08600
→ Take Profit 2 1.09300
EURUSD pair price is at the upper boundary of the price range.
After some CPI data released, the pair has a tendency to break the resistance level and close the m30 candle above the trendline resistance area.
The pair is still creating Dow to break out of the price range and form a short-term uptrend.
EUR/USD Trade Setup on the Daily TimeframeEUR/USD pair is currently moving sideways on the daily timeframe, forming an ascending channel characterized by higher highs and higher lows. It recently broke out and found support at the 1.08000 level.
We are now looking for buy entries at this support level. Let's scale down to the lower timeframes to identify potential buy patterns and entry confirmations.
EURUSD → Trade Analysis | SELL SetupEURUSD is moving in a descending channel under the trend lines.
The price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
1-hour chart GBP/USDVisit fourtrades website for more active insights
On the 1-hour chart, GBP/USD is consolidating within a range between 1.2840 and 1.2800. The price recently tested the lower boundary of this range and the descending channel support. A bullish breakout from this range could see the price targeting the 1.2940 resistance level. Conversely, a bearish breakout could lead to a continuation of the downtrend towards 1.2750.
Conclusion
The GBP/USD pair is at a critical juncture, testing significant support levels on multiple timeframes. Traders should watch for a breakout from the current descending channel and the 1.2820 support level. A bullish breakout could offer long opportunities targeting 1.2940 and 1.3000. On the other hand, a break below 1.2820 could see the price moving towards 1.2750 and 1.2650, providing potential short opportunities.
7 Dimension Sell setup for EURUSDCore Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15M
1: Swing Structure: The market has formed a bearish BOS after taking inducement. Now, the focus is on the corrective swing move as a pullback. The internal structure also supports a bullish corrective move toward the external POI, OB & BB with proper FVG and LIQ resting area in the discounted zone. We are using one regular entry module for this.
2: Pattern
🟢 CHART PATTERNS:
Reversal: Triple top is already formed at the top of the swing.
🟢 CANDLE PATTERNS:
We will check at the POI zone.
3: Volume:
🟢 Fixed range indicates full bearish control at the POI.
🟢 Volume during correction is almost dry.
4: Momentum RSI:
🟢 In strong bearish zone with proper bearish range shift and classic.
🟢 Grandfather-Father-Son entries based on H4 TF are intact and formed.
5: Volatility Bollinger Bands:
🟢 About to break after contraction, possible squeeze breakout in the lower band. Walking on the band is also expected here.
6: Strength: Based on ADX, bears fully control the market at this level.
7: Sentiment: Strong bearish.
✔️ Entry Time Frame: 15 min
✅ Entry TF Structure: BOS Bear
☑️ Trend line breakout: Awaited
💡 Decision: Sell limit
🚀 Entry: 1.08475
✋ Stop loss: 1.08580
🎯 Take profit: 1.07601
😊 Risk to reward Ratio: 7RR
🕛 Expected Duration: 2 days
SUMMARY: Analysis supports a sell position based on Smart Money Concepts methodology, with strong bearish signals from structure, volume, momentum, volatility, strength, and sentiment.