EURUSD Technical Analysis and Trade IdeaIn this video, we discuss a EURUSD trade idea based on bearish price movement As always, the video covers my trade entry points, opinions on trend analysis, market structure, and price action. Remember that this information is educational and not financial advice. 📈 🚀📊
Eurusdprediction
Expectations for the EUR/USD Market from May 16, 2024, to July 2Expectations for the EUR/USD Market from May 16, 2024, to July 26, 2024
May 16, 2024:
The EUR/USD pair is expected to start at 1.08966.
May to July 2024:
The market is anticipated to experience a decline, reaching 1.05101 by July 26, 2024.
Stay updated with our forecasts to navigate the EUR/USD market effectively.
Keywords: EUR/USD forecast, EUR/USD trends, euro to dollar prediction, EUR/USD analysis, forex market outlook, EUR/USD decline, forex trading, EUR/USD May to July 2024, currency market analysis, EUR/USD predictions July 2024.
Feel free to share your thoughts and join the conversation on the EUR/USD market outlook.
💡 EURUSD: Analysis May 21EURUSD continues to accumulate in front of the 1.0900 resistance level, the price created a new bearish pin bar pattern on daily however this pattern is quite weak and not a concern. Combined with previous bullish signals, including breaking the down channel, the longer the price accumulates around this resistance level will increase the chance of breaking out above, you continue the buy-up strategy, two scenarios. The potential version is when the price corrects to 1.08xx while creating a bullish signal, or when the price clearly breaks the 1.0900 level.
💡 H1 trend: sideways
Today trading idea: Buy EURUSD
EURUSD Money Heist Plan on Bullish DirectionMy Dear Robbers / Traders,
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EURUSD: EURUSD analysis todayRecent information confirmed that US client charges fell in April, main to marketplace expectancies of a 50 foundation factor hobby fee reduce this year. However, warning from diverse Fed officers has tempered those expectancies, with buyers now predicting round forty six foundation factors of easing, merely factoring in fee cuts for November.
In early buying and selling on Monday, the euro rose barely to $1.087525, drawing close a almost two-month excessive of $1.0895 reached final week. The greenback index, a gauge towards six important currencies, confirmed little change, status at 104.forty six.
EURUSD Weekly PlanMy bias for this week is bearish on EURUSD. I think there are high chances we will go down at least till the support zone at 1.07650. I will look for sell only, starting from tomorrow. Looking at lower timeframe, we can see that the main structure is broken and we can assist to a change of the trend starting probably tomorrow at London's open.
EURUSD May 20, 2024 Is this price increase over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Based on the Elliot wave principle, we analyze the H1 chart
- We see that the small 5-wave structure has completed on the H1 frame, after which the price entered the corrective wave abc.
- Looking at the corrective wave structure, we see that wave a has completed and the price is currently in the target area of ending wave b to start wave c.
- This is a very good price range to be able to execute a sell order at this price range
- Using the method of measuring the end target of wave c, we have 2 target price zones for the end of wave c: zone 1.0822 and zone 1.0787
Trading plan
We look for a Sell point at the price range of 1.0884 with the expectation of profit at the expected price range at the end of wave c. We have 2 areas: the price range of 1.0822 and the price range of 1.0787
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level.
📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East.
📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal.
📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier.
Trading signals
SELL zone 1,093-1,095 SL 1,097
BUY zone 1,081-1,079 SL 1,076
EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY 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
EUR/USD Shorts to Longs ideaMy EU analysis this week focuses on shorting opportunities. I will look for sells either from the 6-hour supply zone near the current price or, ideally, from the 11-hour supply zone if the price breaches the Asian high and continues upward.
If the price opens lower, I will look for buying opportunities at the 4-hour or 3-hour demand zones. Once the price reaches these demand zones, I plan to buy up toward the supply zone, as we are still in a short-term bullish trend indicated by the recent break of structure to the upside.
Confluences for EU Sells are as follows:
- 11hr supply zone has caused a break of structure to the downside and nearby 6hr supply.
- The overall trend on the higher time frame is bearish and the dollar is also overall bullish.
- Price has already mitigated 4hr supply might be a start of a bearish trend.
- Bullish pressure is getting exhausted after the bullish rallies we saw last week.
- Clean 11hr supply that has an imbalance that we could see a clean reaction from
P.S. Since the price is between liquidity zones, I will approach these nearby areas with caution and may lower my risk until the price reaches more favourable extreme zones where trades will be more worthwhile.
Have a great trading week!