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Euro can drop to support level, leaving upward channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago made impulse up to the resistance line, but soon turned around and dropped to the support level, which coincided with the buyer zone, breaking the 1.0820 level. After this movement, the price rebounded from the buyer zone and tried to grow, but soon turned around and fell back to the buyer zone. Then the price rose to the resistance line, but at once fell back, after which turned around and started to grow inside the upward channel, where it soon broke the resistance line with the 1.0700 level. In the channel, the price made two gaps and also later broke the 1.0820 level, which coincided with the support area. Price some time traded near this level and then rebounded up to the resistance line of the upward channel. At the moment, the Euro continues to trades near this line, so, in my opinion, the price can rebound from the resistance line of the channel and start to decline to the current support level, thereby exiting from the upward channel. For this reason, my TP is 1.0820 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Shorting EUR/USD Amid Market SpeculationsWe are taking a strategic short position on the EUR/USD pair. The major currency pair has experienced strong gains recently, primarily driven by the US Dollar (USD) being under pressure due to firm market speculation that the Federal Reserve (Fed) might reduce interest rates in September. Despite this bullish momentum, the EUR/USD pair seems to be approaching a resistance level that could trigger a reversal. This anticipated reversal aligns with our identified Supply area and the 78.6% Fibonacci retracement level. These technical indicators suggest that the pair is poised for a potential downturn. Additionally, our analysis of the Commitment of Traders (COT) report, focusing on non-commercial speculators, supports this outlook. The data indicates a possible shift in market sentiment that could favor a bearish move. Coupled with our seasonal forecast, which also points towards a downturn, the confluence of these factors strengthens our case for shorting the EUR/USD pair. In summary, the combination of technical resistance, COT data, and seasonal trends presents a compelling case for a short position on the EUR/USD. We are confident that the alignment of these factors provides a robust foundation for our trading strategy, anticipating a reversal from the current levels. ✅ Please share your thoughts about EURO 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.
CME:6E1!Short
by FOREXN1
5
EURHUF 1D MA50 buy entry.The EURHUF pair has been trading within a Triangle pattern, which based on the highly symmtric structure of the 1D RSI, may break above its top (Higher Highs trend-line) and transition into a more aggressive Rising Wedge (diveging Higher Highs). The last Higher Low was priced below the 1D MA50 (blue trend-line) and since the RSI's Channel Down shows we are on the level where the final Low will be priced, we expect a strong rebound next. The previous Higher High was priced a little below the 1.236 Fibonacci extension. As a result, we set a 403.000 Target (on the diverging Higher Highs and marginally below the 1.236 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
HelenP. I Euro reach trend line and then drop to $1.0760 pointsHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price rebounded from the resistance level and rose to the trend line. After this movement, the price rebounded from this line and in a short time declined lower than the 1.0840 resistance level, which coincided with the resistance zone, thereby breaking it. Then price formed a gap and then fell to the support level, which coincided with the support zone, but soon it turned around and rose to the resistance zone, after which Euro dropped back to the support level. Next, the price some time traded between the support level, and later it formed a second gap, after which made the correction and then rebounded up to the 1.0840 resistance level. But a not long time ago price turned around and started to decline. Now, I expect that EURUSD will reach the trend line and then continue to decline. That's why I set my goal at 1.0760 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
Euro can continue to decline to support level in rangeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price entered to wedge, where it at once made a downward impulse from the resistance line to the support line, breaking 1.0845 with 1.0690 levels. But soon, the price turned around and in a short time rose higher than the 1.0690 level from the support line of the wedge, breaking this level again. Next, the price quickly rose to the resistance level, which coincided with the seller zone and broke it too, after which some time traded between this level. Later price reached the resistance line of the wedge, turned around, and made a strong impulse down to the support level, breaking the 1.0845 level, and exited from the wedge. Also, Eur made the first gap and started to trades inside the range, where it made one more gap. After this, the price rose to a resistance level and a not long time rebounded and started to decline, so, in my opinion, the Euro can continue to decline to a support level in the range. For this case, I set my TP at 1.0690 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Euro H4 | Falling to pullback supportThe Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.0799 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.0766 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 1.0852 which is a swing-high resistance. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Long
by FXCM
EUR/USD Continues to Rise: Potential Resistance Levels AheadAs forecasted in our previous analysis, the EUR/USD pair is continuing its upward trajectory. This growth is in line with our expectations, but we are approaching key levels where the pair may encounter resistance. One of the primary resistance areas we have identified is around the 1.0860 level. This supply area has been drawn based on historical price actions and is anticipated to act as a barrier to the current upward momentum. Just beyond this level, we see further resistance at the psychological level of 1.0900, which often serves as a significant hurdle due to market sentiment and trader behaviors. In these areas, we are looking for a possible reversal of the price. This outlook is reinforced by the latest Commitment of Traders (COT) report, which provides insights into the positioning of major market participants. The COT report indicates that traders may be preparing for a shift, aligning with our expectation of resistance and potential price reversal at these levels. Additionally, the chart reveals a 78.6% Fibonacci retracement level that coincides with our identified resistance zones. Fibonacci levels are widely used in technical analysis to predict potential reversal points, and the 78.6% retracement is particularly notable for its reliability in signaling resistance. Furthermore, the dynamic trendline of a bearish channel, which has been tracking the pair's movements, also intersects near these resistance levels. This trendline adds another layer of potential resistance, suggesting that the price may rebound upon reaching this confluence of technical indicators. Although this detail is secondary, it provides additional confirmation of our analysis. ✅ 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.
Short
by FOREXN1
1
EURNOK Strong buy opportunity.The EURNOK pair has made contact today with the 1D MA50 (blue trend-line) as a Resistance for the first time since May 16. This is the start of the new Bullish Leg of the 1-year Triangle pattern. All bottoms (green arcs) have been formed when the 1D RSI broke below the 30.00 oversold barrier, so this is technically a medium-term buy opportunity. The previous Lower High was priced on the 0.85 Fibonacci retracement level and the one before on the 0.95. As a result, our medium-term Target is 11.7500 (just below the 0.85 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
EURO - Price can reach resistance line and then start to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline inside falling channel, where it fell to $1.0685 level and at once bounced up. Then price reached resistance line, after which made correction and then made upward impulse. Price exited from channel, formed first gap, and continued to grow inside wedge, where it firstly fell to support line. After this, price rose almost to $1.0805 level, making a second gap and soon broke this level and continued to grow. Also, price made third gap and now continues to move up, so, in my mind, Euro can reach resistance line. Next, price can make impulse down to $1.0790, exiting from wedge and breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
EURUSD Turning bullish short-term.The EURUSD pair closed last week above the 1W MA50 (blue trend-line) for the first time since May 27 and this week is already using it as a Support to sustain further uptrend. Technically this could be the 2nd phase of the Bullish Leg of the (blue) Channel Up that started on the week of June 24. On the long-term, the pair has been trading within a fierce Triangle consolidation for exactly 1 year. The technical Support level has been the Support Zone that started back in January 2023 and the Resistance level, is the 1W MA200 (orange trend-line) / 1M MA50 cluster. Back to the Triangle's and Channel Up dynamics, last week's 1W MACD Bullish Cross formation and the bullish break-out of the 1W RSI above its Lower Highs trend-line, support being bullish on the short-term. We will take a more modest/ cautious approach and will 'only' target 1.09500 (which is the crossroads of the Channel Up Higher Highs and Triangle Lower Highs trend-lines). ------------------------------------------------------------------------------- ** 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
Eurnzd watching for retracement for longHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias on this cross to have somemore upside after this pullback. let's see how its PA works out this week and if there are opportunities. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
HelenP. I Euro can rebound down from resistance level to $1.0780Hi folks today I'm prepared for you Euro analytics. Some days ago price rebounded from the support level, which coincided with the support zone and quickly rose to the resistance level. When the price reached this level, it broke it, but soon made a correction movement below the 1.0855 level, and later repeated this movement again. After this, the price rose higher than the 1.0855 level, some time traded near, and later made a strong impulse down to the support level, breaking the resistance level again and even forming a gap. Then Euro rebounded from the 1.0730 level and almost reached a resistance level, after which turned around and dropped until to trend line. Next, the price started to grow between this line and later broke the support level one more time and formed another one gap. After this movement, EURUSD made a retest of the support level and made an impulse up to the resistance level, thereby breaking the trend line. Just now, the price continues to grow to a resistance level, so, I expect that Euro will reach the resistance level and then rebound down to the trend line. Then it can break this line and continue to decline, therefore I set my goal at 1.0780 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Euro can rebound from resistance line of wedge and start to fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the current support level, which coincided with the support area and dropped to the 1.0680 support level. After this, the price started to trades inside the range, where it at once rebounded from the 1.0680 level and almost rose to the top part of the range, but then it turned around and fell back to the support level, which coincided with the buyer zone. Next, the price repeated this movement, after which the EUR rebounded from the buyer zone and rose to the top part of the range, making a gap also. Then price exited from the range, entered to upward wedge, and made at once correction movement to support line of this pattern. After this, the Euro rebounded from this line and quickly rose to the current support level, broke it, and continued to move up. Now, it trades higher than the support area near the resistance line of the pennant. So, in my opinion, the Euro can reach the resistance line again and then rebound down to the support level, thereby exiting from the wedge. Then EURUSD can break this level and continue to fall, therefore I set my TP at 1.0770 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
EURO - Price can bounce down from resistance line to $1.0740Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined to support line and at once bounced and in a short time rose to resistance line. After this, EUR turned around and made downward impulse to support line, breaking $1.0840 level again. Then price rose to resistance line again, after which fell to support level, and some time traded between it. Later Euro started to grow inside rising channel, where it made a gap, after which continued to move up. At the moment, price trades near resistance line, so, I think that EUR can bounce down from this line to $1.0740 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
EUR/USD Maintains Bullish Momentum, Surpasses 1.0800As anticipated in our previous forecast, EUR/USD has continued its bullish momentum, climbing above the 1.0800 level. Analyzing the chart, you can observe the areas where we have marked the closest supply zone, which we expect the price to reach before any potential decline. Disappointing macroeconomic data releases from the US triggered a selloff of the US Dollar (USD) during American trading hours on Wednesday, aiding the EUR/USD's upward movement. The ADP reported that private sector payrolls increased by 150,000 in June, missing analysts' estimate of 160,000. Additionally, the Department of Labor's weekly data showed 238,000 first-time applications for unemployment benefits, up from 233,000 the previous week. Furthermore, the ISM Services PMI fell to 48.8 in June from 53.8 in May, indicating a contraction in the service sector's business activity. The Employment Index and the Prices Paid Index of the PMI survey also dropped to 46.1 and 56.3, respectively. Looking ahead, tomorrow's release of USD Average Hourly Earnings m/m and Non-Farm Employment Change is expected to introduce further market volatility. Our forecast remains bullish until the price reaches the identified supply area. ✅ Please share your thoughts about EURUSD 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
5
EUR/JPY H4 | Bullish uptrend to continueEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 173.67 which is a pullback support. Stop loss is at 172.93 which is a level that lies underneath a pullback support. Take profit is at 175.31 which is a level that aligns with the 100.0% Fibonacci projection level. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Long
by FXCM