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Euro can reach resistance level and then make downward impulseHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few moments ago rebounded from the resistance level and little declined, but soon it turned around and made a strong impulse up to 1.0940 points, thereby breaking the resistance level, which coincided with the seller zone. After this movement, the Euro started to decline in a downward channel, where it broke this level one more time and later declined to support the line of channels. Then price rebounded and rose to the resistance line of the channel, after which turned around and continued to move down in the channel to the support level, which coincided with the support area. When the price reached this level, the EUR broke it and declined even lower support area, but when it reached the support line, the price turned around and started to grow, exiting from the downward channel. Soon, the price broke the 1.0770 support level and rose to the seller zone, but at once turned around and fell to the support line back, making a fake breakout. Also recently, the Euro rebounded from this line and started to rise. In my opinion, the EUR can reach a resistance level and then rebound down the lower support line, thereby breaking it and after this, the price will continue to fall. For this reason, I set my target at 1.0800 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
EURCHF:🟢Is it bullish...?!🟢(Details on caption)This is a beautiful price action. We can see a clear market maker-buy model here. Smart money reversal and distribution phase one is already done, now we should wait to intermediate low form and then buy. Now, I can see the steel side liquidity formed above and inside the FVG which is a high-probability scenario for buy. If the price continues to create a higher high and higher low, we should wait for the price to grab the liquidity below the low and then look for a buying opportunity in a lower time frame. 💡Wait for the update! 🗓️08/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
Must-know events for the trading week Must-know events for the trading week The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data. Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari revealed that he had anticipated two interest rate cuts this year. However, he noted that if inflation remains sluggish, no cuts may be necessary. This outcome would really surprise the market, which is mostly still expecting three cuts, starting in June. Headline inflation is expected to rise for a second consecutive period to 3.4%, while the core rate is projected to decline to 3.7%, reaching its lowest level since April 2021. In Europe, all eyes will be on the European Central Bank's meeting, where current interest rates are anticipated to be maintained. The likelihood of future rate cuts will be assessed by the market at the same time. In Japan, investors will be monitoring potential intervention actions from the Bank of Japan to support the yen. Governor Kazuo Ueda will also be speaking during the week regarding the central bank's future steps. Meanwhile, the Reserve Bank of New Zealand is expected to leave the official cash rate unchanged at 5.5%. The RBNZ's latest forecast from February suggests that the OCR will remain steady until early to mid-2025, despite expressing increased confidence based on recent data.
TVC:DXY
by BlackBull_Markets
2
EURO - Price can bounce up to $1.0900, breaking resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in flat, where it some time decliend to support area, after which it started to grow. Price left flat, and then reached $1.0935 level and even entered to resistance area, where EUR little time traded. After this, Euro broke $1.0935 level and fell below, after which price rose to this level again and made downward impulse. Euro fell to support line, breaking $1.0820 level, but soon it turned around and made upward impulse to resistance line. Also, price broke $1.0820 level again, and reached resistance line, but recently it fell and then started to rise. In my mind, Euro can little decline and then bounce up to $1.0900, breaking resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
HelenP. I Euro will fall to trend line and then start to move upHi folks today I'm prepared for you Euro analytics. Some time ago price fell to the support zone, which coincided with the 1.0730 support level, and at once turned around and made a strong impulse up to the resistance level. After this, the price made a small correction movement and later continued to move up, and soon EUR reached a resistance level, which coincided with the resistance zone again. Price broke this level, made a retest, and rose to the trend line, after which it turned around and started to decline. In a short time price fell below the 1.0870 level, breaking it, and continued to move down near the trend line. Soon, the Euro fell to a support level, after which the price at once rebounded and made impulse up higher than the trend line, thereby breaking it. Recently price reached a resistance level also, but soon turned around and started to decline, so, I expect that the Euro will decline to the trend line and then rebound up. That's why I set my target at 1.0835 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
Analyzing EUR/USD: Reversal Signals and US Data ImpactThe EUR/USD pair surged with bullish momentum during Wednesday's session, propelled by a robust bullish impulse. However, the price has now entered a potential reversal zone, characterized by a Double top formation on the H1 timeframe. Additionally, on the H4 chart, the price has reached the 61.8% Fibonacci level, accompanied by overbought conditions and divergence in the RSI indicator. Traders may consider mitigating their positions with a reversal to the Point of Control (POC) volume value, or alternatively, opt to sell their positions. The downtick in the ISM Services Purchasing Managers' Index (PMI) data from the US instigated a selloff in the US Dollar (USD) during Wednesday's American session. The PMI headline figure declined to 51.4 from 52.6, indicating a slowdown in the growth of activity within the service sector. Moreover, the Prices Paid Index fell to 53.4 from 58.6, signaling a softening in input inflation within the sector. Despite these developments, Federal Reserve (Fed) Chairman Jerome Powell reiterated that the central bank is not hastening to lower the policy rate. Powell emphasized the importance of letting incoming data guide their policy decisions, indicating a patient approach. The upcoming release of the Nonfarm Payrolls data by the US Bureau of Labor Statistics on Friday adds further uncertainty to the market. As traders await this crucial jobs report, market participants may adopt a cautious stance, potentially influencing trading activity. In light of these factors, we anticipate a reversal in the EUR/USD pair, with market sentiment likely to shift amidst the release of key economic data.
Short
by FOREXN1
3
EUR/USD Analysis before NFP(4/5/2024)In our last analysis, we had anticipated the EUR/USD FX:EURUSD price to have a minor correction but the correction has exceeded our expectations and the price moved to higher levels. We have some resistance in the 1.09 zone, so we are expecting the price to reach there. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
EURAUD Strong sell opportunity within the Channel Down.Last time we made a call on the EURAUD pair (January 02, see chart below), we caught the best buy entry right at the bottom of the former Channel Down that easily hit our 1.6600 Target: This time we are presented with a strong sell opportunity as the price just broke yesterday below the March 07 Support, making a new short-term Lower Low. This confirms the longer term bearish extension towards the Channel Down bottom for a new Lower Low. We are going for a standard (for this Channel Down Bearish Legs) -4.25% decline from the top, targeting 1.60350. ------------------------------------------------------------------------------- ** 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
2
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: At the beginning of the coming week, the buy-priority for the euro remains. The previous week showed nothing in terms of volatility. The coming week is expected to be hot, and reasons for volatility can be found in the economic calendar. As before, the main target for medium-term growth is the level of 1.09000 . Scenario №1 assumes maximum growth from current prices, but we do not exclude scenario №2 with a short-term fall towards the level of 1.07500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURUSD Heavy rejection on the 1day MA100.The EURUSD pair got rejected today exactly on the 1day MA100, touching it for the first time since March 21st. That took place very close to the Falling Resistance of the Bearish Megaphone pattern, which adds more selling pressure on it. The ssell signal will be confirmed once the 4hour RSI crosses under its MA trend line. Sell and target 1.07230 (top of Support Zone A). Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
1
Bullish or Bearish...? Multi Time Frame Analysis Hey guys! Over the past 2 weeks, we have seen the EURUSD pair go deep down. The beautiful part is that it played out well according to our analysis and prediction. So let's try again. This time, we see this pair switch like a flipped coin from a long bearish to a steep bullish climb. Will this be the end of the bearishness, and are the Bulls to resume taking prices higher? Or is this just one of those usual bullish pullbacks within a larger timeframe Bearish swing? Watch this short Multi Time Frame Analysis to find out. Please share your thoughts on this pair's price movement. Dont forget to Boost and to share with other traders
Short
by PanzyPips
2
Euro can make correction move and then continue to growHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where it reached the resistance line and then at once rebounded down to the 1.0800 support level, which coincided with the buyer zone. After this, EUR continued to move up in the upward channel and soon reached a resistance level, which coincided with the seller zone and broke it, thereby exiting from the upward channel too. Then price some time traded in the seller zone, after which turned around and started to decline in a downward channel. Euro at once broke the 1.0920 level and then fell to the support line of the channel, and then it rebounded up to the seller zone, but at once turned around and fell back, making a fake breakout of the 1.0920 level. Next, the price broke 1.0800 also, after which it some time traded in the buyer zone and declined to support line of the downward channel. But a not long time ago Euro turned around and made an upward impulse, thereby breaking the 1.0800 level one more time and exiting from a downward channel also. At the moment, I think that the Euro can make a correction movement first and then continue to rise to the 1.0920 resistance level, which is my target as well. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURO - Price can bounce up from resistance area to $1.0850Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise. Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level. Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up. Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat. But recently price bounced up from support line and rose to resistance area, exiting from wedge. Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EUR/USD Sees Volatility Amid USD Weakness:Swing Trading ApproachThe EUR/USD pair experienced notable volatility on Tuesday, following our previous forecast indicating a potential bearish continuation. Despite initially touching previous support-turned-resistance levels, the pair managed to close in positive territory. Currently, it remains within our Fibonacci levels of interest, signaling a possible continuation of the bearish trend. Our strategy for EUR/USD swing trading revolves around anticipating another bearish impulse. The USD exhibited weakness during the American trading session on Tuesday, providing support for the rebound in EUR/USD. Despite a negative shift in risk sentiment, investors refrained from placing bets on an extended USD rally. Market participants are now closely watching the release of the ADP Employment Change data from the US. Forecasts suggest an increase of 148K jobs in March. Any print at or below 100K could trigger a selloff in the USD, prompting an immediate reaction. Additionally, the ISM Services PMI data is set to be featured in the US economic docket. Earlier in the week, the USD showed strength following better-than-expected ISM Manufacturing PMI data, particularly the sharp rise in the Prices Paid Index. A similar reaction may occur if the ISM Services PMI beats analysts' estimates. In light of these developments, our outlook for EUR/USD leans towards a bearish continuation of the trend.
Short
by FOREXN1
1
EUR/USD minor correction before 1.07(4/2/2024)Nothing has been changed since our last analysis. EUR/USD is still bearish. But we may see some minor corrections because every indicator are in oversold and DXY is correcting too. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
by fortunamarkets
EUR/USD Descends Below 1.0750 Following US Manufacturing GrowthThe EUR/USD pair faced significant bearish pressure during the American session on Monday, plunging to its lowest level since mid-February, breaching below the key support at 1.0750. The pair's next potential support zone looms at 1.0700, unless it manages to stabilize above the 1.0760 mark. This downward movement in EUR/USD followed the release of US ISM Manufacturing PMI data, which revealed a notable increase to 50.3 in March from 48.4 in February. This marked the first time since September 2022 that the manufacturing sector showed signs of expansion, alongside heightened input price pressures. As a result of this positive data, the likelihood of the Federal Reserve maintaining its policy rate in June rose above 40%, compared to 30% before the PMI release. Consequently, the US Dollar strengthened against its counterparts, exerting downward pressure on EUR/USD. Despite Tuesday's initial bullish impulse, in line with our previous forecast, the overall sentiment for EUR/USD remains bearish, with the possibility of further downward movement. The release of the JOLTS Job Openings data for February by the US Bureau of Labor Statistics, along with speeches by several Fed policymakers, will be closely watched for market cues. Depending on the tone of these speeches and any hints regarding future monetary policy, the USD may experience fluctuations. Should Fed officials suggest a potential rate cut in June, the USD could face selling pressure, potentially aiding a rebound in EUR/USD. Conversely, hawkish comments could bolster the USD and extend the downward trajectory of EUR/USD. In summary, with the US manufacturing sector showing signs of improvement and Fed policy decisions looming, EUR/USD is poised for continued volatility. A bearish trend continuation is anticipated, pending further developments in US economic data and Federal Reserve communications. Our Previous Forecast:
Short
by FOREXN1
1
EURUSD formed the 1st 1D Death Cross since September!The EURUSD pair quickly hit our 1.07250 Target, which we set on our most recent sell signal (March 27, see chart below): Moving out to the 1D time-frame we can see that this is the Bearish Leg of the long-term Channel Down pattern that started at the beginning of the year and we are only halfway through it. Also the pair just completed the first Death Cross on the 1D time-frame since September 29 2023. That is a strong enough sell signal on its own. As long as the price keeps closing 1D candles below the 1D MA50 (blue trend-line), we will remain bearish, expecting a new Lower Low on this 3-month Channel Down. The previous was formed on a -4.00% decline, so a repeat of that targets 1.05500. ------------------------------------------------------------------------------- ** 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
EURCHF: Very Bullish Outlook 🇪🇺🇨🇭 EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish movement at least to 0.9773 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EUR/USD Rebounds Amidst US Exceptionalism: What Lies Ahead?The EUR/USD pair experienced a significant decline towards the end of last week, driven by the release of Eurozone and US flash PMI data. These figures underscored the perceived strength of the US economy, leading to speculation that the Federal Reserve (Fed) may reconsider its aggressive stance on interest rate cuts. The data painted a picture of US exceptionalism, suggesting that the American economy continues to perform relatively well compared to its European counterpart. This sentiment has raised doubts about the Fed's projected timeline for interest rate cuts, potentially prompting a more cautious approach from the central bank. A slower pace of rate cuts by the Fed could bolster the US Dollar, as higher interest rates typically attract greater foreign capital inflows. As a result, the EUR/USD pair may face continued pressure, with potential resistance levels seen around the 1.08600 to 1.08900 area before resuming its downtrend. Traders are advised to monitor these resistance levels closely and consider implementing limit selling positions in anticipation of a potential reversal. Additionally, today's release of US New Home Sales and the Chicago Fed National Activity Index may provide further insights into the health of the American economy, influencing market sentiment towards the EUR/USD pair.
by FOREXN1
1