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EURO - Price can little correct and then bounce up to $1.0580Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded inside flat, where it reached $1.0450 level and then dropped to $1.0270 level. After this, Euro turned around and rose to almost $1.0450 level, after which turned around and started to fall in wedge. Price fell to support line of wedge and then at once bounced up, breaking $1.0270 level one more time. Next, EUR some time traded near this level and when it reached support line of wedge, it continued to move up. In a short time, price reached $1.0450 level, broke it, and rose to resistance line of wedge, after which corrected. So, I think that price can fall to support area and then bounce up to $1.0580, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Euro can enter to seller zone and then drop to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago price entered to wedge and started to decline, but firstly it entered to seller zone and then bounced down. In a short time, the Euro declined to the support level, which coincided with the buyer zone, and soon broke this level and fell to the support line of the wedge. Then the price turned around and started to grow. Euro quickly rose to the support level, broke this level one more time, and made a retest, after which rose a little more. After this movement, the EUR some time traded near the support level until it reached the support line of the wedge and then bounced up from this line to the resistance level. When Euro reached this level, it corrected and then continued to move up to the seller zone. When the price entered to this area, the Euro some time traded inside and later reached the resistance line of a wedge, after which rebounded down. Price broke the 1.0420 level and continued to fall. At the moment, the price is traded below this level and I think that the price can fall to rise to the seller zone and then drop to the support line of the wedge. After this, the Euro can exit from this pattern, make a retest, and continue to decline to the support level. So, that's why I set 1st TP at 1.0350 points and 2nd at the 1.0260 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
HelenP. I After correction movement, Euro will continue growHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price rebounded from the resistance level and then tried to grow, but failed and soon fell back. Next, the price some time traded near this level and then broke it and dropped below. After this, the price almost rose back, but then turned around and dropped more to the trend line, breaking the support level, which coincided with the support zone. Later Euro rebounded from the trend line and rose to almost a resistance level, after which turned around and dropped back, breaking the trend line with the support level again. After this movement, Euro rebounded up, breaking the support level one more time, and then made a retest and continued to move up until it reached the trend line. Then price continued to move up near the trend line and soon broke the resistance level, but recently fell below. At the moment, I expect that EURUSD, after correction movement, can continue to move up, breaking the resistance level with the trend line. So, for this case, I set my goal at 1.0550 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
EURCHF: Hit the 1D MA200. Rejection imminent.EURCHF turned overbought on its 1D technical outlook (RSI = 72.505, MACD = 0.003, ADX = 32.019) as it hit today the 1D MA200 for the first time since July 30th 2024. This test comes only a fraction under the top of the medium term Channel Up, so we are entering a highly probable rejection Zone. Sell and target the bottom of the Channel Up (TP = 0.943500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURO - Price can exit from triangle and rise to $1.0520 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to decline in falling channel, where it declined from $1.0420 level to support line. Then EUR rose a little and then fell lower than $1.0260 level to support line of channel, but soon bounced up. After this, Euro broke $1.0260 level again and exited from channel, after which started to trades inside flat. In flat, price some time traded and later made an upward impulse to $1.0420 level, exiting from flat and entering to triangle. In triangle pattern, Euro made a correction to support line, but soon backed up and now trades near support area. So, in my opinion, Euro can decline to support area, exit from triangle, and then start to move up to $1.0520 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
EURUSD Roadmap==>>Short-term!!!EURUSD ( FX:EURUSD ) is moving near the Support zone($1.039-$1.033) and inside the Ascending Channel . According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing the main wave 3 above the ascending channel and is currently completing the main wave 4 . I expect EURUSD to attack the Resistance zone($1.052-$1.044) again soon, and the main wave 5 could end in this zone. What do you think? Will EURUSD break the support zone or bounce back to test the resistance zone? Note: If EURUSD can break the Support zone($1.039-$1.033), the lower line of the ascending channel, and 100_SMA(4-hour) , we should expect a further decline of this pair. Note: Donald Trump's speech and the announcement of the Unemployment Claims index can affect the EURUSD trend(Tomorrow). Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
"Gold Approaches Key Resistance: Potential Sell Opportunity"The chart indicates that gold (XAU/USD) is approaching a resistance zone near the **2,800.000 level**. A "Possible to Sell Zone" is marked, suggesting this area could trigger selling pressure. The price has been trending upward, respecting the trendline, but now faces potential rejection from the resistance. Key observations: 1. **Resistance Zone**: The area around **2,800.000** is a strong resistance where sellers might step in. 2. **First Target Spot**: If the price rejects the resistance, a pullback to the **2,725.000 level** (first spot) is anticipated. 3. **Trendline Break Potential**: A break of the upward trendline could accelerate bearish momentum toward the target. **Outlook**: - Watch for bearish price action near the resistance zone to confirm a selling opportunity. - A strong rejection or trendline break would validate a short trade, with the first target being **2,725.000**.
OANDA:XAUUSDShort
by TRADE_CENTER_1
EURJPY: 1D MACD Bullish Cross confirming uptrend.EURJPY is neutral on its 1D technical outlook (RSI = 52.622, MACD = 0.070, ADX = 26.202) and with the formation of a Bullish Cross on the 1D MACD, this shows the enormous upside potential the price has inside the 5 month Bullish Megaphone. We expect a quick rise to the 1.382 Fibonacci extension (TP = 168.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
"Gold (XAU/USD) Approaching Key Resistance: Awaiting Bearish RevBased on the chart: - **Trend Analysis**: Gold is trading within an upward channel, indicating a bullish trend in the medium term. - **Current Price Action**: The price is nearing the channel's upper boundary, which may act as resistance. A potential rejection could lead to a correction toward the channel's lower boundary. - **Key Levels**: - Resistance: Around 2,760–2,765. - Support: The lower boundary of the channel is near 2,730. - **Bearish Scenario**: A confirmation of bearish reversal (e.g., bearish candlestick patterns or a lower high) could signal a move toward the midline or lower boundary of the channel. A break below 2,750 would strengthen the bearish case. - **Bullish Continuation**: If the price breaks above the upper channel resistance, further bullish momentum might drive it toward higher levels. It is advised to wait for a clear **bearish confirmation** at resistance before shorting to align with the channel's trend dynamics.
OANDA:XAUUSDShort
by TRADE_CENTER_1
Ethereum (ETH/USD) on a daily timeframe, AnalysisThis chart illustrates Ethereum (ETH/USD) on a daily timeframe, where the price is consolidating within a broad horizontal range between approximately $2,000 (support) and $4,800 (resistance). A descending trendline from the most recent highs suggests bearish momentum, with price currently rejecting this resistance. Key observations: 1. **Volume Decline**: The declining volume indicates weakening market participation, which may support a continuation of the downward trend. 2. **Bearish Bias**: The chart suggests a potential move toward the lower boundary of the range ($2,000) if the descending triangle pattern plays out. Conclusion: If the price breaks below interim support (around $3,000), ETH could potentially test the $2,000 zone. A confirmed breakout above the trendline would invalidate the bearish scenario. BINANCE:ETHUSD
BINANCE:ETHUSDShort
by TRADE_CENTER_1
"GBP/USD Resistance Test with Potential Bearish Reversal Setup"Based on the chart: 1. **Resistance Zone**: The price has reached a strong resistance level around 1.2400–1.2450. This area could act as a barrier for further upward movement. 2. **Trendline Support**: There’s a clear upward trendline acting as dynamic support, indicating a bullish structure overall. 3. **Bearish Confirmation**: The chart suggests waiting for bearish confirmation before entering a short position. Signs could include a reversal candlestick pattern, a breakdown of a lower timeframe support, or momentum shifting downward. 4. **Potential Move**: If bearish confirmation occurs, a retracement toward the trendline near 1.2200–1.2250 could be expected. This setup favors patience, as entering without confirmation might expose trades to unnecessary risk if the resistance breaks.
Short
by TRADE_CENTER_1
Will Trump's tariff threat be an obstacle to an ECB rate cut? Both short-term dollar weakness and the ECB’s increased inflation concerns have clearly propelled EURUSD upward. Finland's central bank governor, Oli Rehn, asserts that eurozone inflation will stabilize as anticipated and that monetary policy will continue to be constrained in the near future. Meanwhile, ECB President Lagarde has issued a stark warning that the threat of tariffs is set to rise with Trump’s return to power, which could lead to significant inflation risks. EURUSD breached above the descending channel’s upper bound and approached the resistance at 1.0470. EMA21 widens the gap after golden-crossing EMA78, indicating a possible shift to bullish momentum. If EURUSD breaches above 1.0470, the price could gain upward momentum toward 1.0560. Conversely, if EURUSD breaks below EMA21 and the support at 1.0360, the price may reenter the descending channel.
by inkicho_exness
EUR/USD Gains Amid EU Trump Tariff FearsThe EUR/USD pair has risen to 1.0457, its highest in five weeks, as markets react positively to President Trump's decision to delay implementing strict tariffs. Initially, investors were concerned about the potential impact of protectionist policies on global growth and US inflation. However, Trump's pivot towards pro-business measures has bolstered market sentiment. Despite these developments, Trump has criticized the EU and suggested possible future tariffs, prompting ECB President Christine Lagarde to advise Europe to brace for potential trade actions. Lagarde has praised the decision to hold off on blanket tariffs. Concurrently, the ECB is expected to maintain its easing stance with a 25 basis points rate cut anticipated next week. As European leaders Macron and Scholz emphasize unity against US trade threats, the dollar index remains steady at 108.1 amid ongoing tariff uncertainty. Looking ahead, traders are closely monitoring US-EU trade tensions and the potential for Federal Reserve rate cuts, which could influence the EUR/USD pair's trajectory.
by tastyfx
EURUSD: Major breakout over the 1D MA50. Trend reversal.EURUSD turned neutral on its 1D technical outlook (RSI = 53.937, MACD = -0.002, ADX = 23.376) after a long time as it crossed today over the 1D MA50 for the first time in almost 4 months (last time on October 3rd 2024). In the meantime, it also crossed above the top of the Falling Wedge. The initial bullish signal was the 1D RSI Bullish Divergence on HL but now it is a confirmed buy, pointing to a long term trend reversal. Our target will be the 1D MA200, just under the 0.618 Fib (TP = 1.07600). 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
1
Euro will exit from pennant pattern and rise to 1.0400 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time traded inside the range, where it declined to the resistance level, which coincided with the seller zone, and then dropped to the support line, breaking the 1.0460 level. Then price turned around and started to grow near the support line until it reached the resistance level, after which it turned around making an impulse down, breaking the support line, and entering to buyer zone. After this movement, the Euro bounced from the buyer zone and started to grow to the resistance level, but when the price almost rose to this level, it turned around and started to decline inside the pennant pattern. In the pennant, Euro declined to the support line, breaking the support level, after which rebounded and quickly rose to the resistance line of this pattern, breaking the support level one more time. And now, the price continues to trades near this line, so, for this case, I think that the Euro can correct to support line of pennant. Then it will start to grow and even can exit from the pennant, after which continue to move up next. Therefore I set my TP at 1.0400 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
EUR/JPY H4 | Approaching swing-high resistanceEUR/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 162.83 which is a swing-high resistance. Stop loss is at 163.60 which is a level that sits above an overlap resistance. Take profit is at 161.18 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2
EUR/CHF: Bullish Momentum Faces Important ResistanceIn the last three sessions, EUR/CHF has risen nearly 1% , tilting the balance in favor of the euro as the Swiss franc weakens. Now, buying positions are preparing to face the most significant resistance that has acted as a barrier since August 2024. Solid Lateral Range: The movements in recent months have been indecisive, resulting in a consistent range between the ceiling at 0.94686 and the floor at 0.92997. The price has attempted to return to the upper part of the range in the short term, but recent indecisive candles cast doubt on whether there is sufficient strength to break through the barrier. RSI: The RSI line continues to show a highly positive slope and registers values above the neutral level of 50. However, recent readings indicate that the line is getting closer to the overbought level at 70, which could eventually signal a significant imbalance between buying and selling pressure, potentially leading to new bearish corrections. MACD: Both the MACD lines and the histogram remain above the neutral line at 0. However, the oscillations are not extreme enough to confirm a decisive bullish force. This may indicate a general sentiment of neutrality in the current resistance zone. Key Levels: 0.94686: A nearby resistance level coinciding with the top of the lateral range. Oscillations above this level could reignite bullish pressure and potentially end the current lateral formation. 0.93809 : A nearby support level that coincides with the midpoint of the lateral range. It also aligns with the 100-period moving average and the 38.2% Fibonacci level. Oscillations below this level could erase the current bullish pressure and maintain the lateral range. By Julian Pineda, CFA - Market Analyst
by FOREXcom
EURAUD The 1D MA50 is the sell signalThe EURAUD pair had been trading within a Channel Down pattern since the August 17 2023 High. At the moment it has made a direct Lower High (December 27 2024) at the top of the pattern but the rejection is contained above the 1D MA50 (blue trend-line). That is the sell confirmation level as whenever this broke after a Lower High, we had a bearish signal. As a result, wait for a bearish break-out and then sell, targeting the 1W MA300 (red trend-line) at 1.61000. ------------------------------------------------------------------------------- ** 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