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EUR (Euro)

EURNZD trade idea(1:15 RR) EURNZD has shown a strong impulse upwards and the 7 day bullish streak might be indicating to overextension, as we are currently facing a major resistance level on the daily chart. In the mid August the price hit 1.86(VWAP high) and since then the price has made a weekly 3 wave impulse downward. October gave us a retracement and now its time for another wave downwards. We are targeting the lows of the past week making it 1:15RR. Keeping stops above recent highs. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Short
by martinmei
EURO - Price can move up to resistance level and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to falling channel, where some time declined near resistance line of channel. Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall. Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel. Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level. After this, price made a correction and then backed up to this level, but recently started to decline. In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
EUR/USD: Euro Gains Amid German Growth, Weak US GDPOn Wednesday, the Euro extended its rally, driven by positive economic data from Germany and the dampening effect of a weaker-than-expected US GDP figure. Germany’s Gross Domestic Product (GDP) recorded a modest 0.2% growth, indicating resilience in Europe’s largest economy. Furthermore, annual inflation in Germany, measured by the Consumer Price Index (CPI), showed a significant rise, moving up to 2% in October’s preliminary estimate from 1.6% in September. This uptick in inflation adds to the bullish sentiment surrounding the Euro, as it hints at economic stability and a possible need for continued monetary tightening in the Eurozone. From a technical analysis perspective, the Euro remains in a profitable position from our identified demand area, where a reversal pattern was noted. The DXY (US Dollar Index) continues to retrace, suggesting potential weakening of the USD, while the COT (Commitments of Traders) report further supports our bullish Euro outlook. Given the ongoing trend, a negative reading in today’s US Unemployment Claims report could provide additional momentum for the Euro’s upward trajectory, potentially solidifying the current trend in favor of the Euro. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
4
Bearish drop?EUR/JPY is reacting off the resistance level which is a pullback resistance which is a pullback resistance and could drop from this level to our take profit. Entry: 166.49 Why we like it: There is a pullback resistance level. Stop loss: 168.03 Why we like it: There is a pullback resistance level. Take profit: 165.03 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
1
Potential bullish rise?EUR/NZD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could rise from this level; to our take profit. Entry: 1.80832 Why we like it: There is an overlap support level that is slightly below the 23.6% Fibonacci retracement. Stop loss: 1.79799 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.83665 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
1
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURCHF - 4hrs ( Buy Trade Target Range 150 PIP )🟢 Pair Name :EUR/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bearish Break 0.94000 Area Reasons - Major Turn level - Visible Range Lvn - Fibo Golden - Choch Zone / Major - Clusers Low's Area Bearish Reversal 0.95600 Area Reasons - Major Turn level / M - Visible Range Lvn - Pattern Target - Month High - Fixed Hvn - Fibo Golden
Long
by GoldenEngine
2
EURNZD | COULD BE A GOOD BUY Hey Traders! 👋 Keeping an eye on EURNZD for a potential buying opportunity! If we see a break above the current resistance, this setup could gain solid momentum to re-test the previous top level, and from there, the trade might climb further up as it pushes through this strong resistance zone. 🎯 TP1: 20-30 pips 🎯 TP2: 60-100 pips 🎯 TP3: 160+ pips Please note, these ideas are shared for analysis purposes only. For more insights, feel free to check my profile—appreciate the support!
Long
by FX-TradingLions
2
EURGBP to find sellers at market price?EURGBP - 24h expiry The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Selling spikes offers good risk/reward. 20 1day EMA is at 0.8343. We look to Sell at 0.8355 (stop at 0.8375) Our profit targets will be 0.8290 and 0.8280 Resistance: 0.8322 / 0.8340 / 0.8352 Support: 0.8315 / 0.8295 / 0.8280 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
Expecting an upside breakRecently, I published an analysis on this currency pair in which I mistakenly drew the target price for wave B. Generally, corrective wave B is equal to wave A in terms of time and price, and wave B is often shorter than wave A. Currently, wave B is equal to wave A in terms of time. Additionally, the price has recently formed a triangle pattern, and it’s expected that once wave B is completed, it will break upwards from this triangle, complete wave C up to the end of the channel, and then resume its downward trend. So, we are waiting to see if the price will break this triangle upwards or downwards.
Long
by Market-Analyzer
Bullish rise?EUR/NZD has reacted off the pivot which is a pullback support and could rise to the 1st resistance. Pivot: 1.80692 1st Support: 1.7995 1st Resistance: 1.82253 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential Upside for EURNZDTechnical overview: The EURNZD currency pair has recently formed a head and shoulders pattern, and the price is currently at the neckline of this pattern as well as a significant resistance zone (1.8065-1.8160). If the price successfully breaks through this area, it could reach the specified price targets. However, if the price reverses downward from this zone, the first valid support level will be 1.78360. Fundamental overview: Considering recent geopolitical tensions that have driven the market toward risk-off sentiment, along with recent statements from the RBNZ, the NZD has weakened over the past month. If tensions continue to escalate in the coming days and weeks, we can expect this currency pair to increase further. This analysis will certainly be updated after the price reacts to the resistance zone and neckline. Don’t miss the upcoming trading opportunities in this currency pair. What are your thoughts on EURNZD ? are you bullish or bearish?
Long
by Market-Analyzer
5
EURUSD confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible. That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend. As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1