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Eur-usd

Potential bullish reversal?EUR/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0775 Why we like it: There is an overlap support level that aligns with the 78.6% Fibonacci retracement. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0871 Why we like it: There is an overlap 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
Potential bullish reversal?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 1.0775 1st Support: 1.0720 1st Resistance: 1.0868 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
EURUSD: On the 1 year HL support. Rebound expected.EURUSD turned oversold oversold on its 1D technical outlook (RSI = 28.128, MACD = -0.006, ADX = 71.753) as the price even crossed under the 0.618 Fibonacci level and is approaching the HL Zone, the lower level of which started 1 year ago (on the October 3rd 2023 low). The 1D RSI is oversold for the 3rd time since then, which is alone a huge bullish signal. We expect at least a short term rebound to test the 1D MA50 (TP = 1.09800). 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
5
Heading into 61.8% Fibonacci resistance?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0849 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.0869 why we like it: There is a pullback resistance level. Take profit: 1.0810 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
EURUSD expected to rebound on an oversold 1D RSI.The EURUSD pair made a straight hit on our 1.08350 Target (September 23 idea, see chart below) following the 1.12000 Double Top rejection: Right now the price sits below the 1D MA200 (orange trend-line), having failed to recover it in the past 2 days. This is however the 0.618 Fibonacci retracement level from the last Low, which is where the February 14 2024 correction reversed. At the same time, the 1D RSI turned oversold last Thursday, which is an even bigger bullish indication. For the past 2 years (since September 27 2022), every time the RSI got oversold (below 30.00), it was a very strong buy signal as the price reversed. On the February 14 Low it reversed to the 0.618 Fib (blue), so currently our minimum target on this buy opportunity is 1.10550. ------------------------------------------------------------------------------- ** 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
EURUSD - Macro View...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish, trading inside the flat rising channel in blue. Moreover, it is approaching a demand zone marked in green. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot point which is a pullback resistance and could reverse to the 1st support level which acts as an overlap support. Pivot: 1.0896 1st Support: 1.0834 1st Resistance: 1.0955 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.
Short
by ICmarkets
EUR/USD Eyeing Key Resistance Zones for BreakoutEUR/USD has been on a steady upward trajectory, supported by a clear trendline that has provided consistent buying interest. The current structure indicates a potential bullish continuation after a brief consolidation or pullback. The pair is now targeting key resistance levels at 1.09012 and 1.09365. The first challenge for the bulls is breaking through 1.09012, a strong resistance that has been tested previously. A successful breach of this level could lead to a rapid move towards the major resistance at 1.09365. The chart suggests that any retracement towards the trendline or the dashed horizontal support will likely attract more buyers, offering a high-probability setup for further upside. Should this retracement occur, buyers might seek opportunities near 1.08552 before attempting another push higher. If the price breaks above 1.09365, we could see a continuation of the broader bullish trend, potentially heading towards 1.1000 or higher. However, failure to maintain the upward momentum around these key resistance levels could lead to a deeper correction. We should watch for price action around 1.09012 for confirmation of a breakout, while keeping an eye on the trendline as a guide for support.
Long
by TopGBanks
EURUSD 20/10/24Following the bias we had on the Euro last week, the same outlook remains in place. Our high time frame bias on the daily chart is clearly bearish, supported by a strong downward movement. All the indicators are aligning with further price declines, and as you can see, the institutional trajectory is also pointing lower. We are looking for a potential pullback to the supply area, where we would consider selling to target lower prices. This area is marked on our chart. If price breaks through the supply zone, we would then expect a rise towards some of the liquidity positioned above. However, if price does not break through and continues to drop, the next level we anticipate price stalling at is 1.08000, a key level that could serve as liquidity for the last low placed on the daily timeframe. As always, our markup is kept simple to help you stay on the right side of the market without overcomplicating things. Remember, a straightforward system can still provide a consistent directional bias. You don't need a complex strategy to achieve this. Trade safely, follow your plan, and stick to your risk management.
by PipSurfingSociety
Bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Entry: 1.0835 1st Support: 1.0783 1st Resistance: 1.0895 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
EURUSD📌 Trading Instrument: EUR/USD 🔶 Bullish Breakout with Strong Potential 🔶 📝 Market Overview: After 16 days of consolidation, EUR/USD has finally broken out of the diagonal resistance, suggesting a bullish move ahead. I took a position just before the breakout, assessing the potential reward as extremely favorable compared to the risk. The trade has a remarkable Risk-Reward Ratio of 17.5:1, making it highly attractive even with a low initial risk. The breakout is supported by triple bullish divergences, signaling a strong potential for upward momentum. Moreover, the market is currently trading near the 0.61 Fibonacci retracement level, a critical point often signaling reversals. Additionally, we have a solid support zone just below, which has held firm for 750 days. The absence of any significant breakdown from this level strengthens the bullish case. If this support holds, it will continue to fuel the upward momentum. However, any breakdown here could signal a notable trend reversal, so I'm closely monitoring the price action. Given these technical signals, I opted for a day trade with the potential to extend it through the week, depending on price movement and relevant news flow. 🎯 Trade Details: Stop Loss (SL): Today’s low Take Profit (TP): 1.09528 This trade leverages several technical signals: Bullish divergence across multiple timeframes. Holding near the 0.61 Fibonacci retracement level. The strong support that has not broken for 750 days. The lack of a breakdown further solidifies the bullish outlook, and if the breakout gains momentum, this could be a highly profitable setup. 🚨 Disclaimer: This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
by RhinoAkaBear
EURUSD hit the 1day MA200! Support or bearish break out?EURUSD hit today the 1day MA200 for the first time since August 2nd and its 1day RSI turned oversold for the first time since April 16th. That is a very bearish development but market exhaustion and the need for a relief rally may hit the price just like it did on the August 25th 1day MA200 test. We remain bearish as per our last trading plan but any rebound near the 1day MA50 will be an opportunity to open additional sells. The target is intact at 1.07700 (Fibonacci 0.618). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
Hours to Go: Will ECB Cut Rates? Hours to Go: Will ECB Cut Rates? The euro zone economy flashed modest signs of life earlier this week, with a series of indicators suggesting tepid but still growing activity for a region that has narrowly avoided recession for over a year. However, the numbers are possibly unlikely to deter the European Central Bank from moving forward with a rate cut on Friday, a decision that markets have nearly fully priced in as the countdown enters its final 24 hours. Ahead of the decision, the EUR/USD is trading at its lowest since August 2, breaking below its 20-, 50-, 100-, and 200-day exponential moving averages. The key question: will the ECB’s rate cut provide much-needed support to the euro, or will sellers attempt to erase the gains from the August 2nd rally?
by BlackBull_Markets
EURUSD to turnaround?EURUSD - 24H EXPIRY Trades at the lowest level in 48 days. Bespoke support is located at 1.0875. We have a 78.6% Fibonacci pullback level of 1.0870 from 1.0778 to 1.1202. Selling posted in Asia. Dip buying offers good risk/reward. The medium term bias is neutral. We look to Buy at 1.0875 (stop at 1.0825) Our profit targets will be 1.1037 and 1.1050 Resistance: 1.1008 / 1.1038 / 1.1050 Support: 1.0875 / 1.0870 / 1.0775 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.
Long
by OANDA
2
Could the Fiber reverse from here?The price is falling towards the support level which is an overlap support that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.0877 Why we like it: There is an overlap support level that aligns with the 161.8% Fibonacci extension. Stop loss: 1.0835 Why we like it: There is a pullback support level Take profit: 1.0951 Why we like it: There is an overlap resistance level that is slightly below the 23.6% 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.
Long
by VantageMarkets
EURUSD: Channel Down on 1H giving two trades.EURUSD is almost oversold on its 1D technical outlook (RSI = 30.958, MACD = -0.004, ADX = 45.308) as it has been on a non-stop decline, which is even more effectively displayed on the 1H chart. You can see the flawless Channel Down making -0.90% Bearish Waves and then pulling back to the 0.5 Fibonacci only to get rejected again under the 1H MA100. This gives a potential double trade, initally with a short now to complete the -0.90% wave (TP = 1.08555) and then long to the 0.5 Fib (TP = 1.09000). 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. ##
by InvestingScope
Sell EUR/USD Strong DollarThe EUR/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0937, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0885 2nd Support – 1.0860 Stop-Loss: To manage risk, place a stop-loss order above 1.0960. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
8
EURUSD Bearish trend intact.The sell signal after the Double Top (September 23, see chart below) and the RSI Lower Highs rejection turned out to be a very accurate one and the price has already covered 75% of the distance to hitting our 1.08350 Target: Given that there shouldn't be much divergence until then, we want to focus today on the 1W time-frame. As you can see, based on the ranged (Rectangle) pattern of the past 2 years, the price is at the top of the neutral zone, not even having broken the 1W MA50 (blue trend-line). The 1.08350 is located on the 1W MA100 (green trend-line) and that is the minimum downside we expect, as the 1W MA100 provided the Lows of June 24 and April 15 2024. The long-term Support Zone is located considerably lower than that (1.04500 - 1.05250) and that is technically the downside potential of the pair. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD All 4H contacts are sell opportunities.EURUSD has turned completely bearish as after the Sep 25th rejection, it broke under the previous Channel Up and formed a Death Cross on the 4hour time frame. It continues to be a similar sequence of events as the post December 28th 2023 High. We expect a similar Channel Down to lead the price lower and every MA50 (4h) test will be a sell opportunity. Sell and target 1.07700 (-4.00% from the top). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
Sell EURUSD Bearish ChannelThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0986, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0935 2nd Support – 1.0909 Stop-Loss: To manage risk, place a stop-loss order above 1.1005. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
24