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Eursd

EURUSD 4H losing momentumHello traders,The EUR/USD pair achieved an initial break of the support of the ascending channel and stabilizes below it, reinforcing expectations for the continuation of the downward trend for the rest of the day, with a reminder that we are waiting to visit the 1.0495 level as the next main target. The moving average 50 forms negative pressure that supports the proposed bearish wave, which will remain in place provided it remains below the 1.0529 level. Pivot Price: 1.0529 Resistance prices: 1.0579 & 1.0632 & 1.0679 Support prices: 1.0495 & 1.0451 & 1.0409 The general trend expected for today: bearish
by Evar_Mayi
Shift In Market Structure Or Liquidity Grab By Smart Money????Look at the Us30, GBPUSD and EURUSD charts attached to this post, what do you see???? GBPUSD Do you see a shift in market structure or Liquidity grab by smart money algorithm? In financial market trading, one key to determine where the liquidity that the market will run next is located is to ask yourself who are those making money from the current move.... Where are they likely to trail their stops to. Whatever your answer is, that is the liquidity the algorithm will most likely run first to continue in the intended direction... With this understanding, you should now be able to understand that not all structure shift in a bullish or bearish market is a shift in market structure. The majority are liquidity grabs by smart money algorithm. US30
Education
by Elijahenoch7
#Euro Bear Trend Continues, Will Prices Slip Below $1.0700?Past Performance Sellers are unrelenting, and yesterday marked another day of extension. Prices edged lower as the Euro slipped in a bear trend continuation formation. The downtrend remains, and the upside has resistance at around $1.0760, marking March 19 lows. #EURUSD Technical Analysis Bears dominate, and EURUSD is in a breakout formation, confirming last week's losses. Moreover, bear bars are riding the lower BB suggesting strong selling momentum. For now, traders can look for shorting entries on lower time frames as long as prices are below $1.0760. Based on the EURUSD candlestick arrangement, the medium-term bear target remains at $1.0500 unless a sharp, high-volume expansion reverses recent losses and drives prices above $1.0850. What to Expect? Despite the clear trend, how prices react at May 25 lows at around $1.0700 may shape the short-term trend. EUR may recover as the week comes to a close, but if prices remain below $1.0760, the downtrend remains, and bears could still drive prices to $1.0500 in the sessions ahead. Resistance level to watch: $1.0760 Support level to watch: $1.0700 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
EURUSD: Further ECB tightening - BUYGreetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ It is anticipated that the ECB will increase its Deposit Rate by 25 basis points in May and then again in June, resulting in a peak rate of 3.50% for this cycle. Despite the current market pricing indicating a maximum policy rate of approximately 3.09%, we believe that this is too low based on our expectations for a more aggressive ECB policy outlook. This prediction is a significant element in our projection for the Euro to exhibit medium-term resilience against the USD. Note: Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
6
Elliott Wave View: EURUSD Should Continue LowerShort-term Elliott wave view in EURUSD suggests the decline from May 25, 2021 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from May 25, wave (1) ended at 1.1664 and rally in wave (2) ended at 1.1909. Pair then extends lower in wave (3) towards 1.1522 and bounce in wave (4) ended at 1.1692. Internal of wave (4) subdivided into a double three structure. Up from wave (3), wave W ended at 1.1669, wave X ended at 1.1583, and wave Y ended at 1.1692. Wave (5) is currently in progress lower. Internal of wave (5) unfolded as an impulse in lesser degree. Down from wave (4), wave 1 ended at 1.1533 and bounce in wave 2 ended at 1.16164. Internal of wave 2 unfolded as a zigzag structure where wave ((a)) ended at 1.1613, wave ((b)) ended at 1.156, and wave ((c)) ended at 1.16164. Pair has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 1.1526. Near term, while wave ((ii)) rally fails below 1.16164, and more importantly below 1.1692, expect pair to extend lower. Potential target lower is 100% – 161.8% Fibonacci extension of wave 1 at 1.1359 – 1.145.
E
by Elliottwave-Forecast
Buy eurusd Hello traders! Let’s look at today’s daily analysis. We see a double bottom that formed (not perfect) but if you go in the higher time like the 2 hour time frame you can also see it perfectly reject at 1.5707 and then it went up. Not only that but we see confirmation as it came back for the retest and rejected. This zone we are in is a zone it hasn’t been at since last year. Whenever there is a zone this far back there needs to be validation so it needs to move up to the last zone which could be the 1.16500 zone but we won’t take it that long since it’s the end of the week and the end of the month. Let’s talk about yesterday. I was wicked out in profit at the range I posted. So I posted where I was taken out. If you held it would’ve hit TP. On days like yesterday for me it’s more important to retain my capital rather than make money. But today is different, I am much more confident in this move up. If you like this post follow for daily analysis.
Long
by TheGiovannie
Today seal the fate of EURUSDNow, we are at an inflection point looking at the chart. You can see that it has broken down from the 1.19 support level. Tonight closing will determine if this is a false breakdown trapping the early bears OR it will break out from the support turn resistance level and shoot up higher. Conversely, the DXY chart also mirrors the same pattern as well. You can see it has break out of the 91 resistance level and will it continue to go higher or starts to break down from here ? I will probably wait for 1.19651 as confirmation before going long on EURUSD.
by dchua1969