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EUR

Overlap resistance ahead?EUR/AUD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.63368 Why w like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.64463 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.61518 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
Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 164.90 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 166.21 Why we like it: There is a pullback resistance level. Take profit: 163.58 Why we like it: There is an overlap 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
Potential bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.0677 1st Support: 1.0615 1st Resistance: 1.0802 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
Euro can decline to support level and then continue to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago rebounded from the resistance line of the wedge and fell to the support line, which coincided with the resistance level and started to grow. In a short time, EUR rose to the resistance line and then started to decline, thereby exiting from the wedge. Price continued to decline inside the downward channel, where it broke the 1.1000 level, which coincided with the seller zone and reached the support line, but at once rebounded and made a retest. Then it continued to fall and later reached the 1.0760 support level, which coincided with the buyer zone, after which turned around and bounced to the resistance line. Euro exited from the channel and continued to grow near the resistance line. When the price reached 1.0825 points, it made a downward impulse, thereby breaking the 1.0760 level, but a not long time ago it turned around and rose back. At the moment, the Euro trades near the support level, and in my mind, the price can correct to the support level and then continue to move up. Therefore I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
EURUSD giving a buy signal on amazing symmetry.EURUSD is under heavy selling pressure since the elections result. Still, today's 1day candle is the 3rd in a row that doesn't cross Support A. As you can see the pair displays an uncanny symmetry, having respected all symmetrical Resistance and Support levels since the Double Top of September 25th. This is a buy signal that is aiming at 1.09000 (June 4th High). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
1
EURGBP to find sellers at previous resistance?EURGBP - Intraday Previous resistance located at 0.8350. The lack of interest is a concern for bulls. We look for a temporary move higher. Preferred trade is to sell into rallies. We are trading at overbought extremes. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 0.8345 (stop at 0.8367) Our profit targets will be 0.8290 and 0.8275 Resistance: 0.8325 / 0.8350 / 0.8375 Support: 0.8306 / 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
EURUSD MA50 (4h) rejection gives one more buy opportunity.EURUSD got rejected today on the MA50 (4h), after the price bottomed yesterday near the lows of the Channel Down. The rejection could technically be a final buy opportunity similar to the October 25th rejection, which lated resumed the uptrend and completed a +1.64% bullish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08550 (+1.64% from the low). Tips: 1. The RSI (4h) crossed above the MA trend line, confirming that this is indeed a bullish wave. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
1
EURGBP - How will BOE decisions affect the pound?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term descending channel. In case of an upward correction due to the meeting of the Central Bank of England today, we can see the supply zones and sell within those zones with appropriate risk reward. Breaking the specified support range will pave the way for this currency pair to continue its decline Britain’s Treasury Secretary, Reeves, stated that it is still too early to make changes to economic forecasts following the U.S. election. He also expressed confidence that trade flows between the UK and the U.S. will continue under Trump’s presidency, noting that during Trump’s previous term, the two nations had a strong and constructive relationship. Reeves showed optimism about Britain’s role in shaping the global economic agenda. Meanwhile, the risk of a German government collapse appears more serious than ever. The German government has entered a new phase of political crisis that could potentially lead to the final breakdown of the ruling coalition. Last Friday, a document from Germany’s Finance Minister, Christian Lindner, was leaked, outlining his plans for economic reform in Germany. This document analyzes the economic challenges facing the country and offers proposals, such as corporate tax cuts and increased working hours. With internal tensions peaking, the likelihood of government collapse has risen. ECB Vice President De Guindos stated that the European Central Bank is committed to a data-driven, meeting-by-meeting approach and is increasingly confident in achieving the 2% inflation target. Goldman Sachs, in its latest report, has lowered its GDP growth forecast for the Eurozone in 2025 to 0.8%, down from the previous forecast of 1.1%. This revision was attributed to potential threats stemming from Trump’s tariff policies following his reelection.
Short
by Ali_PSND
EURUSD map: Down to 1.04-1.00 Then Up to 1.16-1.21EURUSD is in the second leg down to complete a complex correction (red down arrows). There are three crucial target points for drop to watch: 1) Valley of red leg 1 at 1.0448 and 50% Fib at 1.0406 2) 61.8% Fib at 1.0200 3) Touch point of the throwback to broken trendline around parity Next is the reversal to upside within the large leg 2 up (blue up arrows). The possible targets depend on the depth of the current drop, the deeper the lower the upside target. From the first point of drop EURUSD could hit 1.21 area. From the lowest valley of parity it could reach 1.16 handle.
by aibek
Potential bearish drop?EUR/NZD has broken out of the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.80152 Why we like it: There is a pullback support level. Stop loss: 1.81029 Why we like it: There is a pullback resistance level. Take profit: 1.78561 Why we like it: There is a pullback support level that is slightly below the 50% 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
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.0772 1st Support: 1.0684 1st Resistance: 1.0840 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
Sell EUR/GBP Channel BreakoutThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel 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 0.8392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8340 2nd Support – 0.8305 Stop-Loss: To manage risk, place a stop-loss order above 0.8422. 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
6
EURAUD to turnaround?EURAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for a temporary move lower. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6500. We look to Sell at 1.6500 (stop at 1.6550) Our profit targets will be 1.6380 and 1.6350 Resistance: 1.6500 / 1.6550 / 1.6600 Support: 1.6400 / 1.6350 / 1.6300 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
EURUSD: Get ready for a fast short.EURUSD is neutral on its 1D technical outlook (RSI = 53.619, MACD = -0.004, ADX = 44.229) as it has started the new bullish wave following the test of the 1 year HL trendline but on 1H it got overbought (RSI = 76.034) rebounding very aggressively on its 1H MA50. That is fairly similar to the October 30th rebound of the bullish wave that topped upon a +1.15% rise. We are approaching that % increase so get ready to short. So far we have had two pullbacks of -0.56% each, an amazing display of symmetry inside the Channel Up. That is our target on the short term (TP = 1.08950). 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. ##
Short
by InvestingScope
EUR and the month of JULY in the past 50 years! Check it out!We just entered a new month, and not just an ordinary month -- It's JULY! And what's special about it? -- and its connection to EUR? Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak. JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that falls most of the time on the month of JULY. This has happened multiple times in the past. It maybe a short term upside season, a major bullish one or an extended long continuation -- but it seems to bounce during those months. We just concluded June, and we have entered the 'divine' month for EUR which is JULY. Based on the present price level, we have created a new base to ascend. Last friday's closing (June ending) was an indication of things to come. Going forward as we enter this month, with the last closing price -- it looks like we are heading towards the "expected" direction based on historical movements. Of course this is not indicative of the pairs future price, but we can certainly be guided. Just something to ponder about and an interesting way of looking at how fascinating and dynamic price behavior could be.' The chart above is a HEXAMONTHLY (6-monthly) CHART Spotted 1.09 TAYOR. Safeguard capital always
Long
by JSAL
6
EURUSD Flat To Start November Elections Ahead The EURUSD has been quite flat to start the month of November. The current market price is hovering around 1.08730, which is within about 10 pips of the November month open price. Today the Bank of Australia will be releasing new data regarding interest rates, this could possibly give some volatility to the market for US pairs. Don't forget that the US Federal Election will be held tomorrow. Traders will be looking for a spike, for now we will be waiting for the news.
by ilyaskhan1994
EURUSD: Potential USD Strength On Trump Election MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09000 support and resistance area. I would also consider the ongoing Elections in the US, if Trump wins as he is bullish the Dollar we should see a significant downsides in the Dollar. Trade safe, Joe.
Short
by JoeChampion
5
EURO - Price can leave wedge and decline to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line. Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it. Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel. Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level. A not long time ago, price reached this level, and some time traded near, but soon bounced down. At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
EUR/USD Starts Tuesday with Optimism Amid Mixed Dollar StrengthThe EUR/USD pair opened Tuesday with a positive sentiment, trading at 1.08230 as of this writing. This follows a shaky start to the week for the US Dollar (USD), which initially showed strength but saw limited momentum as investors opted for caution, especially in the absence of major economic data or fundamental drivers early in the week. ECB’s Cautious Tone Amid Inflation Progress On Monday, ECB Vice President Luis de Guindos offered insights into the central bank’s view on inflation, noting that while there has been substantial progress in reducing inflation, it's premature to assume that the battle is over. His statements suggested that the ECB will maintain a flexible stance on monetary policy, leaving room for adjustments depending on economic developments. This cautious, yet open stance by the ECB may lend some support to the euro, as markets interpret the ECB's careful monitoring of inflation as a signal that interest rate hikes could still be in the realm of possibility. Focus on U.S. JOLTS Job Openings Data Later in the day, the US Bureau of Labor Statistics will release the JOLTS Job Openings data for September, which may influence USD sentiment. Markets are anticipating job openings to slightly decrease to 7.99 million, from 8.04 million in August. However, should the reading exceed expectations, particularly if it reaches 8.5 million or higher, it could reinforce USD strength as it would indicate continued labor market resilience—a key factor for the Federal Reserve's policy decisions. Conversely, a reading below 7.5 million might dampen USD appeal, as it would suggest cooling in the labor market, potentially leading the Fed to reconsider its tightening pace. Technical Overview: EUR/USD Positioned Near Demand Zone From a technical perspective, EUR/USD is showing some resilience around a demand zone, though it isn’t the strongest of support levels. The pair’s recent reaction in this area suggests some buying interest that could offer temporary support. Given this positioning, a long position might be worth considering if the upcoming JOLTS data provides a supportive backdrop by coming in below expectations, potentially weakening the USD. On the other hand, if the data surprises on the upside, EUR/USD might test lower levels, and the demand zone’s strength could be challenged. Conclusion In summary, the EUR/USD outlook today hinges significantly on the JOLTS report, with the euro finding slight support from the ECB's cautious optimism on inflation. A supportive labor report could provide USD strength, but a weaker-than-expected report may favor euro bulls, positioning EUR/USD for further upside near current demand levels. With this dynamic, traders might consider waiting for the JOLTS data before committing to positions, using it as a potential trigger for directionality in this volatile environment. ✅ 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
1
EURGBP to attract buyers at market price?EURGBP - 24h expiry Yesterday's Marabuzo is located at 0.8412. The primary trend remains bearish. Preferred trade is to sell into rallies. Trading has been mixed and volatile. We look for a temporary move higher. We look to Sell at 0.8412 (stop at 0.8434) Our profit targets will be 0.8357 and 0.8347 Resistance: 0.8397 / 0.8420 / 0.8448 Support: 0.8369 / 0.8353 / 0.8340 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
EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** 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