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Eurousdollar

EUR/USD) breakout trand line analysis Read The ChaptianSMC trading point update Technical analysis 1-hour EUR/USD (Euro vs US Dollar) chart using Smart Money Concepts (SMC) and technical confluence. Here's the idea behind the analysis: --- 1. Bearish Rejection Setup Strong resistance zone around 1.12176–1.12500 has been tested multiple times and held. Bearish rejection is shown with a black circle indicating a breakdown from previous support turned resistance (support flip). Price failed to stay above the key structure, indicating bearish intent. --- 2. Break of Structure The support level near 1.11600 has been broken, marked by the black circle. This is a clear change in structure, implying a likely shift from bullish to bearish. --- 3. Price Action Forecast The chart expects a minor pullback (retest) into the broken support zone (now resistance). Followed by a continuation move to the downside, targeting the support level at 1.10668. Projection shows a ~100 pip drop from current levels. --- 4. EMA & RSI EMA 200 is trending downward and acting as dynamic resistance. RSI (14) is under 50 and sloping down, suggesting bearish momentum is building. Mr SMC Trading point --- Conclusion This is a bearish continuation setup based on structure break, failed bullish momentum, and confirmation via indicators. The analyst expects EUR/USD to reject the 1.116 area again and drop toward the 1.10668 target. Pelas support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
5
EUR /USD) resistance level rejected support level Read The ChaptSMC Trading point update analysis of the EUR/USD currency pair on a 1-hour timeframe, and it presents a potential bearish setup. Here's a breakdown of the idea: Key Elements: Resistance Zone (around 1.14182): The price is currently approaching a marked resistance area. The analysis suggests this could be a turning point where price may reverse. Projected Movement (Black Arrows): The chart predicts a double top formation or a rejection from the resistance level, followed by a strong move downward. Target Point: The drop is expected to reach the key support zone around 1.10942, aligning with a previous structure and a potential liquidity zone. EMA 200 (around 1.10389): Price remains well above the 200 EMA, suggesting the trend is still bullish overall, but the setup targets a potential correction or short-term reversal. RSI Indicator (~60): RSI is above 60 but not overbought yet. This supports the idea that there's room for one more push up into resistance before a drop. Mr SMC Trading point Summary of the Idea: 1. Watch for price reaction around 1.14182. 2. If there's a clear rejection or double top, a short position may be considered. 3. Target area is around 1.10942. 4. The setup assumes a corrective move in a broader bullish trend. plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
11
EURUSD Bearish Correction Resistance Rejection Support TargeTTrading point update This chart provides a technical analysis of EUR/USD on the 3-hour timeframe with key insights: Analysis & Expectations 1. Overbought Condition & Rejection Price reached a strong resistance zone (highlighted in yellow) around 1.11425 - 1.10751, leading to a sharp rejection. The RSI is in the overbought zone (~68.43) and showing a downward slope, indicating a potential bearish correction. Mr SMC Trading point 2. Expected Bearish Correction A potential drop is expected toward the support level around 1.08501 - 1.07925, aligning with past price action. The 200 EMA (1.07757) also serves as a significant support level, reinforcing a possible retracement. 3. Target Levels Short-term Bearish Target: 1.08501 (Support level) Key Support Zone: 1.07925 - 1.07757 (Near 200 EMA) Conclusion The analysis suggests a bearish retracement after the strong bullish move. Traders may look for short opportunities targeting the support level and 200 EMA while watching for confirmation signals before entering. Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
1
EUROUSD 4H LONG (ALL Targets DONE)This position worked perfectly. Now it is important to wait for the correction structure, as it was indicated in the previous update post: Considering the current formations on the 1D TF, the probability of price growth to the current maximum increases multiple times. Locally, I expect to see a price correction (a rollback next week) and preferably with a depiction of a bullish imbalance. After which, you can work long for a whole month until 1.12758
by PHONKTRADER
#EURUSD. 🔴 M15. Short. (#EuroUSDollar). The Entry Price is higher than the Market Opening Price.(✔️) M15 imbalance on the potential of the H1 range. (✔️) Below the level of the First Seller of stock options. (⚠️) ps since the price is in search of a new range, we can try to sell from this reversal structure in order to pick up the corrective movement. But perhaps there will be a change of trend in this place. We'll see. According to my entry point, the first target has already worked out, and now the imbalance is retested. input: 1.10066 (on imbalance test) stop: 1.10322 tp-1: 1.09799 tp-2: 1.09276
Short
by TrEKone
1
EUR/USD Technical Analysis (Monthly Basis)The pair has been moving on the Fibonacci channels that it has created for a long time, and has touched a Fibonacci 0 channel again from last May. From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels. However, if the falling trend line is not broken, prices may move towards the Fibonacci 0 channel again, in which case prices may retreat to 1.08 levels. It contains only personal views and opinions. Does not contain legal investment advice ...
by EmoteK
EURO Has Completed Bullish Setup Against US Dollar On Long TermAfter successful BAT A very big bullish Shark pattern: Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair. Before this Shark pattern we can also examine that from December 2015 to Feb 2016 the euro completed bullish BAT patter and started is very big bullish rally from the potential reversal zone of this BAT. The rally started from Jan 2016 and ended on Feb 2018. This time the bullish rally can be stronger than the previous one because this Shark pattern is more bigger than the previous bullish BAT as it was started from December 2016 and completed in March 2019. And this month we can see that the price line of euro has taken bullish divergence and hit the sell zone that I defined as per Fibonacci sequence of bullish Shark pattern. But after hitting the sell zone the priceline again dropped down in the potential reversal zone. Why priceline moved down in PRZ level again? Now the question is that what was the reason that stopped the priceline to completely enter in the sell zone to start a bullish rally. To know this we need to switch to the week chart. And here we can see that the there are four simple moving averages working as resistance. The 25, 50, 100 and 200 simple moving averages and the priceline is not able to cross up or break out even a single of them and moved down. A formation of falling wedge: On the same weekly chart we can also observe that the price line is moving within a falling wedge since November 2017. We can see two more touches by the candlesticks at the resistance of the wedge and after these two recent touches the resistance of the falling wedge is more confirmed. Now at this time the candlesticks are hitting at the support of the Wedge. I have also so placed the volume profile on the complete price action moving within this wedge and as result we can see that the trader’s interest is very low below $1.10 and the point of control of the volume profile is at $1.14. This time the price line is moving in the area where the traders interest is very low therefore there are strong chances that the euro will take the bullish divergence from the support of falling wedge and move up at least up to the point of control of this volume profile. Oscillators and indicators: If we see some indicators and oscillators then we can see that relative strength index (RSI) has already visited the oversold zone therefore I am expecting that it will not enter in oversold zone again. The moving average convergence divergence (MACD) is strong bearish and the stochastic is in bear cross. Once we will have bull cross from stochastic and MACD will be turned weak bearish from strong bearish then we can expect that the priceline will make another attempt to break out the resistance of the wedge. And once the resistance of the wedge will be broken out then we can expect a very powerful bullish rally that can totally change the market balance between Euro and US dollar. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1