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Eurshort

EURUSD Technical Analysis and Trade IdeaThe EURUSD has exhibited a bearish trend over an extended period. As we approach high-impact calendar events today that hold the potential to sway the euro's performance, an uptick in market volatility is anticipated. I am actively identifying potential entry levels, and my attention is fixed on a critical resistance threshold. If today's events result in negative data, there's a likelihood of witnessing an upward liquidity sweep towards the resistance level outlined in the video, offering a potential selling opportunity. It's important to note that all details are explained in the video; however, this content should not be misconstrued as financial advice.
Short
by fxtraderanthony
1
How does EURUSD trade? On the EURUSD30m chart, it can be seen that the head and shoulder top pattern was formed before the decline, and the M-top (double-top) appeared during the formation of the head. When the support was broken, it ushered in a wave of substantial pullback, completely swallowing the previous gains. The current main resistance level is the shoulder position of the head and shoulder top pattern (1.098-1.10). If this range cannot be broken through, it is impossible to get out of the new high in the short term. Support is currently mainly at 1.093-1.088, and if it breaks below, look down at the vicinity of 1.083-1.079. The above is the trading point of view of EURUSD. If you need a more detailed strategy, please come to me!
Short
by EagleEyeStrategy
3
EUR/USD re-targets 1.1000 post US-CPIShort(Mid Term : BULLISH EUR/USD looks to regain some fresh buying interest following CPI-led weakness in the US dollar on Wednesday. The movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between the Fed and the ECB with regard to their plans for adjusting interest rates. Moving forward, hawkish ECB-speak continues to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic fundamentals in the region. Eminent issues on the back boiler: Continuation (or not) of the ECB hiking cycle. Impact of the Russia-Ukraine war on the growth prospects and inflation outlook in the region. Risks of inflation becoming entrenched. EUR/USD levels to watch So far, the pair is gaining 0.28% at 1.0989 and faces the next up-barriers at 1.1095 (2023 high April 26) and 1.1100 (round level) en route to 1.1184 (weekly high March 21 2022). On the other hand, the next contention level aligns at 1.0941 (monthly low May 2), followed by 1.0909 (weekly low April 17) and finally 1.0831 (monthly low April 10). The EUR/USD pair remained under selling pressure throughout the first half of the day, meeting sellers ahead of the 1.1000 figure and hovering at the lower end of its weekly range at 1.0950 ahead of first-tier United States (US) data. The US Dollar retained its latest strength amid a risk-averse environment and, despite Treasury yields, lost momentum. Eurozone (EU) news passed unnoticed. Germany published the final version of its April inflation figures, confirming the Harmonized Index of Consumer Prices (HICP) rose at an annual pace of 7.2%. The core reading also matched the preliminary estimate at 7.6%. EUR/USD short-term technical outlook The EUR/USD pair daily chart shows that further gains remain unclear. The pair remains below a directionless 20 Simple Moving Average (SMA) while the longer ones maintain their mildly bullish slopes far below the current level. Technical indicators, in the meantime, lack directional strength within neutral levels. In the near term, and according to the 4-hour chart, the technical picture is quite similar. The pair recovered from around a mildly bullish 200 SMA, but a bearish 20 SMA crossing below a directionless 100 SMA provide near-term resistance around 1.1000. Finally, technical indicators turned north but remain within positive levels. If the pair is able to regain and sustain gains above 1.1000, bulls may retake control of the pair. Support levels: 1.0940 1.0890 1.0830 Resistance levels: 1.1000 1.1050 1.1100
Long
by DaveBrascoFX
11
EURUSD - Will The USD Become The Strongest Currency?Analysis: When we take a look at the technicals for EURUSD, price looks as if it's in an upwards trend as we're forming a series of higher highs and higher lows, indicating to us that we want to long however this isn't what we see and we actually see early signs of a reversal happening. To begin with we have this downwards trendline. Although it has only been respected twice we expect that it will actually hold again for a third time and we will see price reject off of this area. Another confluence on why we think that this area will hold as resistance is because its been tested multiple times. If we look left we can see that price has come to this area before and we then saw a rejection. This has happened twice now and due to other confluence factors we see this happening again. Our final technical confluence factor that we have is this ascending triangle that we broke out of in may indicating to us that there could be some bearishness on the horizon. We're now retesting this ascending triangle and we expect that it will hold as resistance and that price will reverse back to the downside. A big reason for this setup though is the fundamentals so lets take a look at these too. Fundamentally the EUR is just about the 1st strongest major currency compared to the USD which is the 2nd strongest major currency but these two currencies are very close in strength. Whilst this looks like it goes against our idea if we look a little further we get more important data. As of the most recent filling we saw a decrease in long positions by institutions on the USD but we saw an even bigger decrease in short positions by institutions on the USD indicating that there could be some more bullishness coming to the USD whereas for the EUR we saw a decrease in short positions by institutions but an even bigger decrease in long positions by institutions which is bearish for the EUR. This is why we are actually fundamentally bullish on the USD over the EUR. so along with the technicals that we see we're bearish on the EURUSD. Just a note however, this isn't our favourite setup but it fits our plan. We know our strategy is profitable which is why we're taking this setup. We won't know the result until the end but what we know now is that this setup has an edge in the markets so its worth taking and we're confident in it. With that being said lets see if we get that move that we expect. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
20
EURAUD - EUR Weakness On Its Way?Analysis: Looking at the chart and price action we can clearly see that price is in a downwards trend. We're forming lower lows and lower highs which confirms that we're in a downwards trend. Bearing this being in mind we're only looking for short setups. If we look at the previous lower low we have a strong area to enter from. Whys this? Well this area has held multiple times in the past as both support and resistance so we expect that it will do it again. Also in a downwards trend we'd expect price to pullback to the previous lower low to put in a new lower high before continuing to the downside and this is what we're seeing now. For more added confluence at this area we also have the 61.8% fib retracement level which is often classed as the strongest fib level. We expect that sellers will be sat at this level wanting to push price down further, so this helps out our bearish thesis. We also have a downwards trendline very close by. This trendline has been respected in the past so we expect that it will be respected again and we will see sellers enter into the market pushing price down further. Fundamentally the EUR is the strongest major currency compared to the AUD which is the 6th strongest major currency so this really doesn't go in our favour but in recent news events we've actually see some bullish news come out for the AUD with regards to unemployment claims and other key events whereas for the EUR it's been slightly mixed. This to us looks like early signs that we could be seeing some bullishness for the AUD and some bearishness for the EUR soon, which is why we want to get on this move before it happens so we can catch a great trade. With all of the confluences that we have both technically and fundamentally we have a bias to the downside which is why we're bearish EURAUD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
32
EURUSD SELLS INCOMINGSticking to the basics of trading: The market stalled making a resistance zone for the buyers. Thus showing early selling pressure. The next area the market can possibly bounce from is at the 0.08500 mark. This mark would be a good area for buys continue the higher timeframe trend. For anyone going into the london session can use the 4H timeframe to see that price has potential to retest this level and carry more volume to the downside. However, BIG Reminder! The market can do what it wants, so beware that buys are still in play as the overall defining trend is FX:EURUSD bullish for the buyers.
by thespiant7
1
EURUSD: Fall or rise focus here This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing its own trend, we also need to analyze it in combination with the trend of DXY. In EURUSD's 1h chart, it is currently stepping back to MA30, but the overall pattern is still more advantageous for bears. The lower MA60 is near 1.070, and the support here will be relatively more effective. In the 1h chart of DXY, MA30 has just been broken, and MA60 is near 103.8. If it cannot break through by then, it will fall back again, confirming the support of MA20. On the 1D chart, the strong support of DXY is around 102.4, and the resistance is 103.85. If it breaks through, the top can reach around 105.6. It can be inferred that EURUSD will still be under pressure at 1.088 with a high probability. Of course, to reach 1.088, the process of turning the current resistance into support must first be completed. In the near future, focus on the support around 1.073-1.069. Resistance near 1.08-1.09. If it falls below the support, there is a certain probability that the bottom will be around 1.048 (DXY105.6)
Short
by EagleEyeStrategy
EURCHF - EUR Losing It's Strength?Analysis: As we can see from price action we're in a longer term downwards trend, as shown by the downwards trendline and in recent times we've also been trending to the downside so only shorts look good to us as we want to be going with the trend rather then fighting against it. At this area we've got a major level which has held as both support and resistance in the past and we expect that it will hold again now. To add more confluence to this setup at our area we also have both the 50% fib retracement level and the 61.8% fib retracement level which both could act as levels of resistance as we expect that sellers will be sat at both of these levels. We're also in what's often called the "golden zone" which is the area between the 50% and 61.8% so this is looking like a nice place to enter from. Another confluence we have to enter at this level is the longer term downwards trendline which is clearly visible. Its been respected multiple times in the past and every time this trendline has been touched we've seen a big drop in price so we expect that this will happen again if we get a touch of the trendline, so this goes in our favour. Now fundamentally the EUR is the strongest major currency compared to the CHF which is the 5th strongest major currency. Whilst this doesn't go in our favour this isn't the full picture. As of the most recent report we saw an increase of about the same for long and short positions on the CHF. This isn't a positive but this also isn't a negative, it's just neutral whereas for the EUR we saw a big decrease in long positions and an increase in short positions so this isn't looking good for the EUR and this could be early signs that the EUR is starting to lose some of its strength. This is why currently when comparing the EUR to the CHF fundamentally we actually prefer being bullish on the CHF, giving us our bearish bias for this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14
EURGBP - More Bearish Pressure To Come?Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its move to the downside. For added confluence we also have a downwards trendline that has been respected multiple times showing us that the bears are in control of this market. So with this trend line lining up with our area of resistance there is a good chance that we will see price continue its move to the downside. Fundamentally the EUR is the strongest major currency whereas the GBP is the 3rd strongest major currency. Although this doesn't go in our favour this isn't the full picture. For many weeks now we've seen the GBP gain more and more strength and we expect this to continue whereas we're seeing institutions closing their long positions on the EUR. So although currently the EUR is stronger then the GBP we can see this changing in the future which is why we are bearish on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
2
SHORT EURUSD (Monthly Timeframe)EURUSD on the monthly timeframe is bearish and its downtrend channel and heading back to parity or below parity levels. The current month's close will form a bearish engulfing pattern, a retest of the double top neckline, and a failure to close above the resistance (supply zone) at area 1.09-1.10. which confirms its next possible leg down movement continuation to the next support (demand) zone at area 1.03-1.04 and a break of such level, next levels are to the previous low 0.95 and to the new low at the lower monthly downtrend channel at the level 0.90.
Short
by WaelHaz
2
EurUsd -> Top Formation And BreakdownHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd is currently retesting and already rejecting a quite obvious previous weekly support/resistance zone exactly at the $1.11 level. You can also see that weekly market structure and moving averages are still quite bullish; we have another support zone coming in at the $1.08 level which could definitely send prices higher so I am now just waiting for a retest of the support and then I do expect a next rally towards the upside. On the daily timeframe you can see that with today's candle, EurUsd is actually breaking below a key uptrend trendline and EurUsd also formed a triple top at the $1.106 level, showing some bearish pressure so from a daily perspective I am now just waiting for a break below the next support zone and then I do expect a short term move towards the downside to then retest the $1.08 support level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Short
by basictradingtv
37