EURUSD SELL SETUP URUSD broke structure, there could be another sell opportunity on the pull back or retest!Shortby TheForexWave338
EURUSD: Top-Down Analysis & Trading PlanEURUSD has created a bullish flag pattern following a break above a significant daily resistance level, which is now acting as support. The pair experienced a correction as it became overbought. The price fell within the bullish flag pattern and bounced sharply upon testing the broken structure. To confirm the bullish trend, look for a breakout above the resistance of the flag pattern and wait for the candle to close above it to confirm buyer strength. A bullish continuation is expected to reach at least the 1.0899 level.Longby linofx1224
H4 EURUSD Bearish TrendFrom the last position, EU was unable to break the H4 OB Drop base drop (DBD) pattern on 1.089-1.091. My estimation the chart will continue the bearish movement with the 1st TP on 1.07 and the next TP is 1.05 if it succeeds in making BOS on the 1.06 level. *dyor Shortby VoxNexus3311
Medium and long-term EURUSD buy signalHello dear traders! Overall, as Conan mentioned in the previous analysis EURUSD is mostly showing good growth prospects in all time frames, The main pair's price increase is supported by the softer Greenback. EU is currently trading around 1.08816, higher than 1.0875 on Monday in the early hours of trading in Asia and up 0.14% on the day as measured by Tradingview. It seems that the bullish trend has returned after the move to clear the 1.0800 resistance level. Accordingly, with the prospect of increasing prices according to the classical analysis model, I expect that after reaching the gold mark, it will overcome the resistance level to keep the price protected by sellers, but in the context of price compression and gradually approaching above. As the volume grows, sellers have less and less opportunity to hold the resistance zone. Following a breakout from the resistance level and its confirmation as support further strengthening of the pair's technical target is expected to be at least 1.1800 and 1.2400 respectively.Longby ConanForexUpdated 1818144
EURUSD Fundamental Analysis SHORTToday, I would like to provide you with an updated projection for the EUR/USD currency pair, based on recent fundamental economic developments from both the United States and the Eurozone. This analysis will help you understand our perspective on whether the EUR/USD is likely to move higher or lower in the coming weeks and months. Recent Economic Developments United States GDP Growth: Data: The U.S. GDP grew by 2.9% in Q1 2024, surpassing the expected 2.6%. Date: April 28, 2024 Source: Bureau of Economic Analysis Impact: Better-than-expected GDP growth highlights economic resilience and supports a stronger USD. Employment: Data: Non-farm payrolls increased by 250,000 in April, well above the anticipated 180,000. Date: May 3, 2024 Source: Bureau of Labor Statistics Impact: Strong job growth enhances consumer spending and economic stability, bolstering the USD. Inflation: Data: The Consumer Price Index (CPI) showed a year-over-year increase of 4.8%, slightly above the forecasted 4.6%. Date: May 10, 2024 Source: Bureau of Labor Statistics Impact: Persistent inflation suggests further rate hikes by the Federal Reserve, supporting a stronger USD. Consumer Confidence: Data: The University of Michigan's consumer sentiment index fell to 58.4, below the forecast of 60. Date: May 17, 2024 Source: University of Michigan Impact: Declining consumer confidence could signal future challenges but does not currently outweigh other positive economic indicators. Eurozone GDP Growth: Data: The Eurozone's GDP growth for Q1 2024 was 1.2%, below the expected 1.5%. Date: April 29, 2024 Source: Eurostat Impact: Slower growth indicates economic fragility, which could weaken the EUR. Industrial Production: Data: Industrial production contracted by 0.4% month-on-month in March. Date: May 14, 2024 Source: Eurostat Impact: Weak industrial output underscores economic challenges, pressuring the EUR. Inflation: Data: The Eurozone CPI for April was 5.4%, in line with expectations. Date: May 16, 2024 Source: Eurostat Impact: Moderate inflation coupled with cautious ECB rate hikes signals a less aggressive monetary policy compared to the Fed, weakening the EUR. Economic Sentiment: Data: The Economic Sentiment Indicator (ESI) remained unchanged at 99.3. Date: May 15, 2024 Source: Eurostat Impact: Stable but subdued confidence levels suggest limited upside for the EUR. Upcoming Data Releases U.S. Personal Consumption Expenditures (PCE) Price Index: Date: May 30, 2024 Source: Bureau of Economic Analysis Impact: Key inflation indicator that could influence future Fed rate decisions. Eurozone Unemployment Rate: Date: June 3, 2024 Source: Eurostat Impact: Insights into labor market conditions will affect economic outlook. U.S. Federal Reserve Meeting: Date: June 12-13, 2024 Source: Federal Reserve Impact: Potential rate changes will significantly impact the USD. Eurozone ECB Meeting: Date: June 6, 2024 Source: European Central Bank Impact: ECB policy decisions will affect EUR valuation. Projection for EUR/USD Short Term (Next 1-3 Months) Bias: Bearish Target Levels: 1.0500 - 1.0700 Rationale: The stronger-than-expected U.S. economic data, coupled with persistent inflation and a proactive Fed, supports a stronger USD. In contrast, the Eurozone's slower growth and cautious ECB approach indicate potential EUR weakness. Long Term (Next 6-12 Months) Bias: Bearish to Neutral Target Levels: 1.0300 - 1.0600 Rationale: If current trends continue, the USD is likely to maintain its strength relative to the EUR. However, any significant changes in economic indicators or policy shifts could alter this outlook. Conclusion Based on our analysis of recent economic data and upcoming releases, we project a bearish outlook for the EUR/USD pair in both the short and long term. We recommend positioning for potential declines in the EUR/USD, with target levels outlined above. We will continue to monitor economic developments closely and adjust our outlook as new data becomes available.Shortby Georgetass2229
Short EURUSD to 1.08200-1.08100FX:EURUSD Here is my outlook at how I see EURUSD price action. overall price is bearish on 4HR with LH and LL. Daily is also bearish failing to make HH and HL after pushing out of a strong resistance level. On 4HR price has respected a previous supply zone and appears to be breaking to downside. I will be getting into a short at 1.08450 looking for TP at strong demand zone of 1.08200 area. Have a great weekend everyone. Shortby RobertTMFXUpdated 2223
EURUSD ShortThe Supirior Time (W1) Period is rather Bearish than Bullish and we see that we had a healthy retracement to the Golden Zone. We still see open liquidity + inbalances in the market which is a strong indication for me that the market is drawn to this price. Above my entry i dont see alot of valid reasons why the market should continue to push further up. Thats why my SL is pretty tight. My TP is to the next OrderflowShortby Juma17337
bullish EURUSDam bullish on EU once we are able to breached that bearish corrective channel we can get some long trades if we fail we have an extreme demand zone at around 0.62 fibonacci level at a good discounted price Longby reaganbwire00338
EURUSDEURUSD: This is the start point of movement . I want to buy EUR with 1% risk here . Longby sentores334
EURUSD 1H In this context, "Price filled the FVG and as well tapped into the OB" means that the market price has retraced to fill the Fair Value Gap, indicating that the imbalance between buyers and sellers has been addressed. Additionally, this retracement has extended to the Order Block, suggesting that the price has entered an area of significant past trading activity, likely to provide a reaction point due to the presence of large buy or sell orders.This scenario often implies that after filling the gap and tapping into the order block, the price might reverse or consolidate as it encounters the liquidity and order concentration in the OB. Traders might anticipate potential trading opportunities at this confluence of technical factors, such as a price reversal or continuation, depending on the prevailing market conditions and additional confirming signals.Shortby vbenking91442
🤟EURUSD: New MULTITIMEFRAME analysis is here🤟☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Shortby Yelli_tradesUpdated 191985
eurusd longslooking at eurusd longs when NY session hits demand below, lots of liquidity to the upside. price is currently tricking sellersLongby Denver_estabrooks1114
EURUSD: Weak DXY and Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURUSD for a buying opportunity around 1.08100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08100 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 9962
EURUSD We will enter a buy position for EUR/USD in the short term, targeting the ascending channel's resistance trendline. Upon hitting the resistance and showing a bearish rejection, we will switch to a sell position for the long term.Longby forex_info1112
Potential bearish drop?EUR/USD has jst rejected off a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially fall to our take profit. Entry: 1.08566 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.08946 Why we like it: There is a pullback resistance level. Take profit: 1.08078 Why we like it: There is an overlap support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets1110
EUR USD PRICE - BACK TO THE RESISTANCE ZONE we got a breakout from down trend line, make a small long entry to resistance zone, follow for more live updates...Longby FOREX_TRADER_007Updated 171713
EUR/USDMy plan for EU this week is similar to GU, but with a focus on the nearby supply zone. I will look for a temporary sell-to-buy setup, especially interested in the 3-hour supply zone. However, I will proceed with caution and wait for a distribution to occur within the POI before considering any sells. There is trendline liquidity above the supply, so I expect the zone might get breached to sweep the Asian high. Once price reaches the 11-hour supply zone, it will present a more favorable sell opportunity. If the price drops early, I will wait for it to reach the 10-hour demand. Confluences for EU Sells are as follows: - Price has changed character to the downside. - Price has left a clean 3hr supply that is sitting ontop of some liquidity. - Price left an imbalance below that needs to get filled. - Price has been very bullish and can do with a retracement back down. P.S. If the price reacts to the 3-hour supply, I will look to sell down to fill in some of the imbalance just above the 10-hour demand. At that area, I will shift my bias to buying, following a day trader approach. Have a great trading week ahead guys!Shortby Hassan_fx1111
EUR USD SHORTHi guys we are ready to go short the next week in this par EUR USD, good luck Shortby Xolo3331110
EURUSDLooking at our swing structure we have broke bearish. We are currently in the retracement of that bearish break creating liquidity for the perfect bearish narrative. Looking to sell EU Long term. In my opinion, Structure + Liquidity is king. NOT POI's. You could also wait for a lower TF BOS of the poi if you want to be a little more conservative but i believe we have all the clues in order for sells long term.Shortby ivelezv4119
👀EURUSD: Multitimeframe update👀The main difference between this post and previous analysis is that we've got some reaction from daily supply chain, and from here, we might see further bearish development ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Shortby Yelli_tradesUpdated 3310
EUR/USD Analysis: ECB Stance and Market ExpectationsThe EUR/USD pair has shown strength as European Central Bank (ECB) policymakers refrain from committing to extending the rate-cut cycle beyond the June meeting. This cautious stance suggests that ECB officials are wary of aggressive policy easing, which could reignite inflationary pressures. Market Expectations Adjust In light of recent economic indicators signaling persistent price pressures, such as the Negotiated Wage Rates for the first quarter and the preliminary HCOB Composite Purchasing Managers Index (PMI) data for May, traders' expectations have shifted. Initially anticipating three rate cuts this year, market participants are now expecting only two. Technical Analysis From a technical perspective, the EUR/USD is nearing the 61.8% retracement level from the previous swing high after a pullback around the 1.0800 level. There are several resistances above, with the first significant resistance at the 1.0860 area, and a more crucial resistance at the 1.0900 level. Our outlook suggests a potential bearish retracement towards the 1.0750 level.Shortby FOREXN15511
EurUsd- Rise to text 1.1 important figure?After reaching a low of around 1.06 in mid-April, FX:EURUSD began to recover and broke above the descending trend line in mid-May, potentially indicating a trend reversal. Recently, the pair also formed a bullish flag, further supporting a bullish outlook. As long as the price stays above 1.0750, there is a strong possibility of testing the 1.1 resistance level. Longby Mihai_Iacob118