eurusd shortEUR/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.
EUR/USD is recovering ground toward 1.0700 in the Asian session on Monday. The pair regains lost footing, as markets remain upbeat and weigh negatively on the safe-haven US Dollar. Markets reposition ahead of key Eurozone and US data due later this week.
Eurusdshort
EUR/USD Shorts to Long idea My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions.
Following this, I anticipate price to decline towards the 3-hour demand zone, which coincides with the 3-hour demand area for GBPUSD. I'll then look for a Wyckoff accumulation phase to ride price back up and fill in the major imbalances left from the upside.
Confluences for EU Sells are as follows:
- Price has been very bearish recently and confirms this via continuous break of structures.
- Good 10hr supply that has recently been created which also caused a BOS.
- Theres an imbalance below that needs to get filled as well as lots of liquidity to be taken.
- The overall trend of the market on the higher time frame is bearish as well.
- DXY also looking bullish as well and it's aligning very well with EU's Zones.
P.S. If the demand zone fails, it will break a significant level of structure, making selling positions more favorable. Currently, bearish momentum remains strong, and I anticipate further downside movement.
Have a great trading week remember risk accordingly and maintain emotional discipline!
BACK TESTING - EURUSD SELLSDon't have enough data on EURUSD to confidently trade.
1:2.79 RR Trade
Looking to see if this will play out
Based off daily
Confirmations
1. Previous daily closed below new range (Fake out?)
2. Previous daily closed no top wick
3. Price slowing down (potential reversal incoming)
EURUSD Bearish SetupWe observe a pronounced bearish signal on the EU Daily chart. The recent breach of the last higher low suggests an increase in bearish momentum, indicating a strengthening bearish trend. The supply zone has already been retested, setting the stage for a potential move towards a new lower low. A downtrend of 500 pips is anticipated in the near future.
eurusd sellEUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
The Relative Strength Index (RSI) indicator on the 4-hour chart recovered toward 50, reflecting a loss of bearish momentum. On the upside, 1.0700 (50-period Simple Moving Average (SMA), static level) aligns as first resistance before 1.0730 (static level) and 1.0750 (100-period SMA).
Supports are located at 1.0600 (psychological level, static level) before 1.0530 (static level from November).
EURUSD Profit Opportunity with the Crab Harmonic PatternEURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis.
Key Levels and Fibonacci Retracement:
Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance. Additionally, Point D aligns closely with the 0.618 Fibonacci retracement level, strengthening the case for a potential reversal.
Trade Setup:
Based on the analysis, we recommend initiating a short position upon confirmation of bearish momentum at the identified entry point of 1.06626. This entry aligns strategically with the projected reversal from Point D of the Crab Pattern.
Risk Management:
To mitigate potential losses, a stop loss is advised at 1.06913. This level provides a reasonable buffer to withstand potential market fluctuations while preserving capital in case of adverse price movements.
Profit Targets:
We propose three profit targets to capitalize on the anticipated bearish momentum:
Take Profit 1 (TP-1): 1.06344
Take Profit 2 (TP-2): 1.06048
Take Profit 3 (TP-3): 1.05760
Conclusion:
In conclusion, the analysis suggests a compelling trading opportunity based on the formation of a Crab Harmonic Pattern and key technical levels. However, it is essential to exercise prudent risk management and closely monitor price action for timely adjustments to the trade plan.
This technical analysis report serves as a guide for informed decision-making in the dynamic forex market environment.
Disclaimer:
Trading forex involves inherent risks, and past performance is not indicative of future results. Traders should conduct their own research and seek professional advice before executing any trades.
EU Short Term ReactionI'm expecting to see a short term downwards reaction on EU today.
Reasons:
- Test of 1h 200 EMA
- Retest of low created last Thursday
- Retest of psychological 1.07 level
- Expecting downwards move to retest 1W trendline
Trade set:
- Entry: 1.07
- Stop Loss: 1.071
- Take Profit: 1.066
- RR: 1:4
Will update specific entry, SL and TP as my order gets filled. Follow for more daily trade ideas.
EURUSD - LONG TERM FORECAST.. (GREAT SELL OPPORTUNITY) EURUSD Is currently stuck inside a triangle... and has bounced of the 61.8 fibonacci level which indicators a huge reversal to the downside.
This would be a good time to sell EURUSD and take profit to the VERY BOTTOM! Low risk high reward opportunity.
$EURUSD Heading toward 1.0500. See Why!!!Idea
- Looking at the Monthly Candle it is clear that There's not enough demand strength to push higher toward the highs, from both the original bullish FVG and Also the recent monthly FVG
- The recent monthly FVG should've expanded toward atleast previous 3M high but after sweeping previous high, confirmation of bullish weakness to target, the Previous Month and 3M low toward previous years low, from which enough liquidity can be found to deliver higher
-If Monthly Candle closes comfortably below 3M Low. Prepare for more Euro Bearishness
- Look at my DXY idea, Capitalised Heavily on the move. And Possibly more profits to be secured in this quarter
1. Created new FVG to deliver toward June 2023 Highs but Failed to Deliver higher in December
2. FVG Failed to Deliver toward recent highs. There's no Demand strength to push Higher
3 Enough Liquidity Behind previous Month Highs to push prices lower toward first target. Previous Quarters Low. Then Previous Years Low
EUR/USD minor correction(4/12/2024)In our last analysis, EUR/USD FX:EURUSD finally reached our 1.07 target. Right now we believe a minor correction to 1.07 is possible.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURUSD SELL | Day Trading AnalysisHello 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 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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Setups for EURUSDHi all!
There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began.
I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997.
Alternative scenario (unlikely)
We don’t follow the liquidity that is on top, and immediately move towards filling the FVG for 1 month. And there we look for bullish steps.
FX Wars Episode 4 - A new hope (for the EUR)?First things first:
📊🔮My crystal ball tells me the US PCE inflation data today will be weaker on a monthly basis than the consensus expects it.
-> This will lead to a (temporary) weakness in the USD ✅️
...And thus a new hope for the EURO?...
Once upon a time in a FX galaxy far, far away...
The EUR has been rising against the USD for around 2 weeks and new hope is already emerging.
Will the euro rebellion break out of the upper edge of the annual range at 1,127 or will the US(D) empire nip any naive hope in the bud?
This is astonishing in view of the fact that the EUR has only suffered losses against virtually all other major pairs, such as the CAD, AUD or NZD, for weeks.
See below for my related (and profitable) trade ideas:
I will explain in detail in the comments why the naive breakout fantasies of the EURO rebellion will also fail against the US(D) empire.
Eurusd The buying pressure in the Greenback keeps gathering pace and forces EUR/USD to recede further, opening the door to a potential visit to the 1.0700 neighbourhood.
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.
Confirm Chart
EURUSD Analysis (5th April 2024)
EURUSD Analysis
On the weekly timeframe price action has just rejected off a weekly bearish Fair Value gap.
This rejection created a 4 hour Change of character which indicated potential retracements after a bullish run on EURUSD.
On the 1 hour timeframe, we can see that price action has created a very neat balance price range coupled with a bearish Fair Value gap that we can look to take shorts from.
What i want to see is Asian/London session to create a pull back into either one of this zones, before i look for a 15 minute Change of Character to look for shorts to fill the clean candles on the left.