EURUSD → Falling WedgeWe have a possible Falling Wedge with a target at 1.08900, as long as the price does not break the 1.07700 zone.
Eurusdtrade
EUR/ USD!! 5/12/2023 supporting the DOWN trend⭐️ Smart investment, Strong finance
⭐️ EUR/USD INFORMATION:
The US Census Bureau released data on Monday revealing a 3.6% month-on-month decrease in US factory orders in October, following a 2.3% increase in the previous report. In addition, the Institute for Supply Management (ISM) reported that the US ISM Manufacturing PMI remained unchanged at 46.7 in November, falling short of expectations.
According to Federal Reserve (Fed) Chair Jerome Powell, the US monetary policy has been successful in slowing down the economy, as predicted, with the overnight interest rate now in restrictive territory. Although Powell emphasized the Fed's readiness to further tighten policy if necessary, market sentiment suggests that the rate-hike cycle has reached its conclusion. Consequently, this has put downward pressure on the US dollar across all markets.
⭐️ Personal comments NOVA:
The price area touches the downtrend line, Scalping during the day is a SELL signal
⭐️ SET UP EURUSD PRICE:
🔥SELL EUR/USD zone: 1.08500 - 1.08650 SL 1.09100
TP1: 1.08000
TP2: 1.07700
TP3: 1.07400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
💡 EURUSD: Analysis on December 4OANDA:EURUSD Analysis on December 4
EURUSD is moving down in price, although the bottom has just been formed and the momentum is not really strong, but we can still watch for selling.
The nearest resistance area is around 1.0950. If the price returns to this area, we will look for opportunities to sell.
💡 EURUSD : Forecast December 5The European Central Bank policymaker and President of the Bank of France said the ECB is not yet ready to consider reducing borrowing costs but will do so after 2024. Slowing inflation has allowed the ECB to clarifying the 2% inflation target from summer 2021, which could herald an adjustment in monetary policy. In addition, dovish comments from the FED pulled the dollar down, partly supporting the view that the Fed has ended its interest rate hike cycle and will shift to an easing stance in 2024.
We can see EUR/USD recovering and the MACD double line and bar chart shrinking below the zero axis on the H4 chart. When the price once fell below the 1.0880 support level, a short-term top emerged as a bear market.
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURUSD is trending downEUR/USD rallied vigorously in November, but has started to retrace some of that advance in recent days, with bearish pressure easing as prices tested the 200-day simple moving average. It is important for bulls to defend this technical indicator, which currently symbolizes support; a failure to do so could result in a decline toward 1.0765, followed by 1.0650.
On the flip side, if the common currency regains the upper hand against the greenback and stages a meaningful comeback, technical resistance looms at 1.0960 – the 61.8% Fibonacci retracement of the July/October decline. Sustained strength could lead to revisiting November's peak, followed by a move towards horizontal resistance at 1.1080 upon a breakout.
EURUSD → Initial support emerges at 1.0820FX:EURUSD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday.
A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681.
So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.
buy limit in eurusd minimo RR 1/3We have a change in structure in low times so it is likely that we will go to take liquidity up a mini-scalp
💡 EURUSD: Prediction for December 1After being blocked around the 1.1000 resistance zone, the price fell sharply in the past session as expected. Currently, a three-candle bearish reversal pattern has appeared on the daily and it has also violated the uptrend line, the signals show. This signal shows the possibility that the price will continue to adjust. Temporarily suspend trading for now, you should wait for the opportunity to return with buy orders around the price range of 1,075.
EURUSD → Rejected!? Will the Price Fall to 1.06 or Rush to 1.12?EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another test before dropping. If you didn't short at the resistance zone, it's reasonable to wait for the price to crawl back up to the 1.09600 area to enter. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.05900.
If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar.
💡 Trade Idea 💡
Short Entry: 1.09600
🟥 Stop Loss: 1.11450
✅ Take Profit: 1.05900
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Rejection at the Resistance Zone, Reasonable to Short.
3. If Shorting, Watch EMAs for Support.
4. Look for a pullback to resistance before the price falls.
5. RSI at 57.00 below Moving Average, Bias to Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
my expectation of entries in eurusd for tomorrowFor me the EURUSD has risen quite a bit, what it should do is go down to take more liquidity, don't forget it is a matter of probability
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Factors Contributing to the EUR's Decline Against the USDDear Esteemed TradingView Members,
Environment
In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including:
Economic Disparities: The ongoing economic challenges in Europe, particularly the energy crisis and the escalating war in Ukraine, have dampened investor confidence in the region's economic outlook. This has led to increased demand for the USD as a safe haven asset.
Monetary Policy Divergence: The European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
Technical Breakdown : The EURUSD pair has broken through significant technical support levels, signaling a potential shift in market sentiment. This technical breakdown has accelerated the EUR's downward trajectory.
Political Uncertainties: Ongoing political uncertainties in Europe, such as the upcoming Italian elections and the potential for renewed tensions between Russia and the West, have further weighed on the EUR.
These factors have collectively contributed to the EUR's recent decline against the USD. While the EUR's depreciation may pose challenges for European exporters, it could also benefit European tourism and make European goods more competitive in international markets. The future direction of the EURUSD pair will depend on the evolving economic landscape and monetary policy decisions in both the eurozone and the United States.
Technicals
The bottom chart shows strong bullish candle on DXY today. Furthermore, the EUR price was overbought compared to EMAs see the top chart, where price has been highly above all the visible EMAs, and the RSI printed a bearish cross on the middle pane. EUR could fall to at least an EMA20 retest, which is around the upper blue line. Persisting bearishness could find the next support at the bottom blue line. These blue lines are historic supports, which could stop or reverse bearish progress.
Disclaimer:
This is not investment advice. Conduct your own research. This publication explains only one aspect of my approach, not my comprehensive strategy. The idea focuses on observations around the price action; reading the indicator descriptions is recommended for understanding of the calculations.
Kind regards,
Ely
SELL EURUSD DOUBLE TOP PERFORMING !!HELLO TRADERS !!!
As i can see eurusd is testing a resistance zone and moving to the north as other pairs moved against dollar but now its time to retrace some pips and we always look for these type of sniper entries friends do a proper analysis before trading and share ur thoughts with us that it help alote of traders community ....
stay tuned for more updates
EURUSD Reversal? What next?Hey family,
EURUSD did stop me out, but that doesn't stop the show. I am going to sit on my hands to see how low price can go today then I'll reanalyze my new set up.
God bless,
-Shaquan
Disclaimer: This analysis is based on my own eyes. Please use your own analysis when trading.
EURUSD longWe have a long opportunity looking for the target at 1.09260, as long as the price does not break the 1.08800 level.
With the expected news for today and the volatility that they may generate, a break of the 1.08800 level would give us the signal to enter the market with a short position, looking for the 1.08500 target level.
EURUSD possible buy zone!Recently, there was an anticipation of a pullback or correction in the EURUSD currency pair. This correction was expected if the current peak reached the level of 1.10000. However, the US dollar strengthened without a deceptive upward movement, compelling its major rivals to retreat. Despite this, an overshoot is anticipated, likely leading to the subsequent (deeper) downward correction.
Towards the end of this week, on Friday, significant economic data is set to be published. Special focus is on data from the United States, and, of course, the attention-grabbing speech by the head of the Federal Reserve.
EURUSD: Fed official: Interest rates will stay limited for a Interest rates are "estimated to be at their lowest level in 25 years," Williams told the New York Fed's Bretton Woods Committee meeting. "I think it is appropriate to maintain a hawkish stance for some time to fully restore balance and return inflation sustainably to our long-term target of 2%," he said.
The Fed is expected to keep interest rates on hold at its next meeting, giving it time to assess the economy after raising rates sharply from near zero in March 2022 to over 5% in July. .
At the same time, expectations are rising in the bond market that the Fed's tightening cycle will come to an abrupt end with its first rate cut in May.
"There's not a lot of sleep deprivation" given market expectations, Williams said, adding that any rate cuts would depend on inflation and how the economy progresses.
He expects inflation to continue falling toward the 2% goal, and expects the Fed's price index to fall more than 2% next year and reach the target by 2025. Government figures on Thursday showed the PCE index fell to 3% in October.
"We have taken a limited stance and things are moving in the right direction. We can now assess whether we need to do anything more."
Still, the New York Fed president said if price pressures persist longer than expected, "additional policy tightening may be necessary," and Williams, like his colleagues, believes the current political path is not sufficiently restrictive. He emphasized the need to continue monitoring the data to assess whether this is the case. .
So far, fourth quarter data shows signs of a significant decline in economic activity. Data released Thursday showed U.S. consumer spending fell in October compared to the previous month as inflation continued to slow. Inflation-adjusted personal spending rose 0.2% last month and 0.3% in September, according to the U.S. Bureau of Economic Analysis.
The report also noted that the core PCE price index increased by 0.2%. The index rose 3.5%, its lowest level since 2021.
Although he expects economic growth to remain below trend next year, he is "quite positive." Economists generally expect growth to be around 2%.
The Dollar & EURUSD Are Pulling Back |Will It Last? Hi friends, the dollar index (DXY) and EURUSD are pulling back and into areas where we want to look for more trading opportunities. Since tomorrow is Friday, tomorrow's candlestick closure could be very telling about the price direction. This video shares my thoughts on the price movement on the indicie and currency pair.
If you found this helpful please like and share this video.
Disclaimer: This analysis is based on my eyes. Please stick to your own analysis.
💡 EURUSD: Predicted November 28➡️ OANDA:EURUSD did not fluctuate strongly in the past session, the price continued to level off around the resistance level of 1,096. This price behavior shows that the selling pressure here is not strong, the price will likely continue to increase, you continue to hold existing buying positions, move the SL and target around the 1.1000 threshold.
Sniper Trading System- Signature Entry12 AM is Green so we anticipated the Bearish play. IF the Play doesn't break to the upper #StandardDeviations - A #Sniper is alway$ READY to enter the SELL as soon as it gives up the play. 📌 On the 1hr we got our #SignatureEntry in confluence with our 12AM candle and the DXY is BULLISH🔼- A #Sniper always stays with the play especially on Trading Days aka Tues-Thur✔ Price typically #Trends these days.
💡 EURUSD: The attempt to break the top was unsuccessful➡️ Retested the 1.1000 resistance zone again in the last session, however buyers were unable to push the price above this level, selling pressure returned and created a railroad pattern on the daily, a bearish signal. However, you can watch to buy at the lower resistance area
Sniper Trading System12 AM indicated the Bullish set up. We know the market resets at 12 am. 1am the BUY engaged. The DXY is heavy Bearish. I heard the DXY will be falling for the next two years. When the DXY falls US Base pairs typically go up. We anticipate EURUSD to buy to the 1st and 2nd Standard Deviation before the drop. Heavy news today in New York session so we want to catch our pips in the London session before the sharks start swimming. Never over leverage. Trust your trade set up. Have a great trading day!
