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Euro

HelenP. I Euro can fall to trend line and try to break itHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price declined to resistance 1, after which at once rebounded and rose to almost resistance 2, but then it fell to the trend line. Then price rebounded from this line and broke resistance 2, which coincided with the resistance zone, after which the price some time traded near this area. Later Euro turned around and fell lower resistance 2, breaking it again, but then it tried to back up, and rose to the resistance zone. But the price in a short time turned around and fell to resistance 1, which coincided with the support zone and trend line, after which rebounded and tried to rise more. Price failed and soon declined back to resistance 1 and recently broke it, after which fell to the trend line. But a not long time ago EUR backed up to the support zone, where at the moment price continues to trades inside. For my mind, the Euro will rise to resistance 1 and then continue to decline to the trend line, which maybe try to break, and after this price can decline more. Therefore I set my target at the 1.0725 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Euro H4 | Rising into resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.08414 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 1.08800 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 1.07823 which is a pullback 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. 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 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. 70% 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
EURCAD Medium-term Sell SignalThe EURCAD pair has been trading within a 12-month Channel Down and is currently reversing after a Double Top rejection on Resistance 1 (1.47825). Following the 1D MACD Bearish Cross, this has the potential to initiate Phase 2 of the Bearish Leg that started on the November 21 2023 Lower High. Technically this should be at least a -4.47% Bearish Wave, similar to the rejection that started on August 30 2023. As a result our Target is 1.41600 (Support 2). ------------------------------------------------------------------------------- ** 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
Euro can bounce up of support level to 1.0845 points in channelHello traders, I want share with you my opinion about Euro. Some days ago price rebounded from the resistance line, which is located in the seller zone, and in a short time declined to the 1.0775 level, which coincided with the buyer zone, thereby breaking the 1.0890 level. After this, the EUR soon declined to the support line, breaking the support level too, but then the price turned around and started to rise. In a short time, the Euro reached a support level, broke it one more time, and continued to move up. After this, the price made a correction to the support line and then rebounded and made a strong impulse up to the resistance line, thereby breaking the 1.0890 level. But soon, the EUR turned around and soon declined to this level and even broke it again. As well then, the price continued to decline in a downward channel, where the Euro broke the support line too and later fell to the 1.0775 support level. But a not long time ago price rebounded and started to rise, so, I think that the Euro can rebound from the support level to the resistance line of the downward channel. For this case, I set my target at 1.0845 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
EURO - Pirce can bounce down from resistance level to $1.0740Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where firstly declined to $1.0940 resistance level, which coincided with resistance area. Some time later, Euro broke this level and fell below, but then it rose to resistance area and then made downward impulse. Price declined to support line of channel and then in a short time rose to $1.0940 level, after which fell back. Euro declined to $1.0810 level, which coincided with one more resistance area and some time traded near this level. A not long time ago price broke $1.0810 level and fell below, after which started to trades near resistance area. Possibly Euro can reach resistance level and then decline to $1.0740 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I Euro can continue to decline in downward channelHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some days ago declined to the support level, but soon broke it and fell even lower support zone. After this movement, the EUR in a short time rose higher at 1.0775 level, but soon fell back. Then the price turned around and at that moment it rose higher than the 1.0775 level, breaking it one more time, and continued to move up to the resistance level, which coincided with the resistance zone and trend line. Soon, the Euro broke the 1.0930 level, and some time traded in the resistance zone, after which turned around and started to decline in a downward channel, where the price at once broke the resistance level again. Next, the EUR declined to the trend line and then rebounded up to the 1.0930 level, after which in a short time it declined to the support level. But recently, the Euro bounced up and is now traded near, so, I expect that the price will rise a little more and then continue to decline in a downward channel, thereby breaking the support level. For this case, I set my target at the 1.0750 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Macro Monday 39 - Euro Area Economic Sentiment Indicator (ESI)Macro Monday 39 Euro Area Economic Sentiment Indicator (Next Release is this Wednesday 27th March 2024) Last week we covered the the Euro Area ZEW Economic Sentiment Index (the "ZEW Index") and learned that the sentiment data for the ZEW Index comes from 350 economists spanning the Euro Area (20 of the 27 EU member states that use the Euro currency). The ZEW Index attempts to provide a sentiment lead with economists factoring in their 6 month forward projections into the sentiment data. This week we look at a different more current sentiment indicator, the Euro Area Economic Sentiment Indicator (ESI). The data for the ESI is derived from the businesses and consumers of all 27 EU Member States. The ESI therefore has a larger data set to the 20 countries covered in the ZEW Index. The ESI is closer to the truth of what businesses and consumers are currently experiencing on the ground across Europe. The ESI is not forward looking like the ZEW index, the ESI should be considered a coincident indicator presenting the current state of economic sentiment among businesses and consumers across the EU. In any event we can still use the ESI data and the chart to identify trends and to know where sentiment stands when it is released each month. Interestingly, at present the ESI figure is more negative than the ZEW Index. The ZEW is in positive sentiment territory (forward looking) whilst the ESI is firmly in negative sentiment territory (current outlook). Based on each data sets objective, you would think that the ESI would move into positive territory over the coming 6 months based on the forward looking positive ZEW Index. No guarantees of course. We can watch this as it plays out in real time and see if the ESI follows the ZEW Index. Lets have a closer look at the ESI The Euro Area Economic Sentiment Indicator (ESI) is a measure created by the European Commission to gauge economic confidence across the Euro Area. The survey data for the Economic Sentiment Indicator (ESI) is initially collected at the national level for each country within the Euro Area. These individual country results are then aggregated to create the overall ESI, which reflects the economic sentiment for the entire EU (all 27 countries). The data is also seasonally adjusted to account for regular seasonal variations and provide a clearer picture of the underlying economic trends. The data is derived from survey responses from the following economic sectors in each country (with weightings); 1. Industry (40%) 2. Services (30%) 3. Consumers (20%) 4. Retail (5%) 5. Construction (5%) Balances are constructed as the difference between the percentages of respondents giving positive and negative replies. The ESI data is scaled to a long-term average of 100 with a standard deviation of 10. This means that the average sentiment over time is set at 100. As the ESI’s scale centers around a mean of 100 values above this suggest higher-than-average confidence, while those below indicate lower confidence. It’s seasonally adjusted to reflect consistent economic trends. The Chart (above subject chart) The chart follows the structure discussed above and we have split the chart by color as follows: >100 = Above Average Economic Sentiment🟢Green <100 = Above Average Economic Sentiment🔴 Red ▫️ As you can see on the chart we made a record low in pessimism in May 2020 at 58.7 which was closely followed by a record high in optimism in Oct 2021 at 119.5. ▫️ The chart has arrows that are 17pts in length. You will see the arrows across the chart whereby if there was a greater than 17pt drop from the green zone into red the red zone, this historically has coincided with recession ▫️ The most recent drop from🟢119.5 in Oct 2021 to 🔴93.9 in Oct 2023 is a drop of 25.6pts, greater than the 17pt typical recession drop. "This time might be different" may actually apply because we had all time highs in sentiment in Oct 2021, however that does not detract from the fact we are currently firmly in negative economic sentiment sub 100 at 95.4. ▫️ You can see that any time we have fallen below the 85 level (red dotted line) we have confirmed a recession. This does not mean that you need a sub 84 reading for a recession, only that when this has occurred in the past, it only occurred during some of the deeper recessions. A quick note on the Euro Area terminology as this was bugging me as the ESI covers all 27 EU member states Euro Area Terminology? The term “Euro Area Economic Sentiment Indicator” can be somewhat misleading because the ESI indeed covers all 27 EU Member States, not just those in the 20 in the Euro Area or Eurozone. The name likely persists because the ESI is particularly significant for the Euro Area, where economic policies are closely aligned and the shared currency means that economic sentiment has direct implications for monetary policy. However, the ESI’s broader EU-wide scope allows for a comprehensive view of economic sentiment across the entire European Union, which is valuable for comparative analysis and policy-making at the EU level. Thank for coming along again, if you like the content and find it informative please let me know PUKA
ECONOMICS:EUEOI
by PukaCharts
2
Euro can rebound up to 1.0860 points, breaking resistance levelHello traders, I want share with you my opinion about Euro. If we look at the chart, we can see how the price some days ago started to trades in a downward channel, where it first rebounded from the support line and rose to the 1.0940 resistance level, which coincided with the seller zone. Soon, the price broke this level, and some time traded in the seller zone, but later EUR declined below, after which backed up to this zone. But soon, the price turned around and made a downward impulse to the current resistance level, which coincided with the resistance area. Then price rebounded from this level and rose to the past level, which coincided with the resistance line of the channel, after which turned around and made a downward impulse again to support line of the channel, thereby breaking the 1.0835 level. In a short time, prices rose higher than this level, but recently fell back and even lower resistance area. At the moment, I think that the Euro can decline a little more, after which the price rebounds up to 1.0860 points, thereby breaking the resistance level inside the downward channel. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EURUSD 4H Death Cross emerging after +2 months.The EURUSD pair is ahead of the first Death Cross on the 4H time-frame since January 19 2024, trading within a Channel Down similar to January's. This technical symmetry suggests that every rebound is a short-term sell opportunity, with the 4H MA200 (orange trend-line) expected to turn into a Resistance until the next Bullish Leg. One last rally towards 1.08750 is possible but as mentioned, for the next 2 weeks, we expect Support 1 (1.07950) to break and fall towards Support 2 (1.06950). We set a more modest target on the Symmetrical Support Zone at 1.07250. ------------------------------------------------------------------------------- ** 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
3
EURJPY,🟢Bullish scenarios🟢 As you can see, the price created equal highs defined as our final target. There are two possible scenarios. Personally, I prefer to see the price move lower once again, and after collecting the sell side liquidity get support from the mean threshold of the order block and the midway of the bullish daily FVG, then we can look for the LTF for entry. It's a high-probability scenario. The second scenario is a low probability, which is the price moves higher from here and leaves the sell side liquidity untouched. 💡Wait for the update! 🗓️25/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
3
EURO - Price can turn around and bounce down to $1.0770 levelHi 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 near support line, but sometimes it rose to resistance zone, but soon continued to fall. In a short time later, Euro even made fake breakout of support line, after which tried to rise but failed. Price fell to $1.0700 points, after which it turned around and in a short time rose to $1.0905 level, breaking $1.0770 level. After this, price broke $1.0905 level and rose a little more, but later started to decline in falling channel. Euro declined until to support line of channel, breaking $1.0905 and simply support line, after which bounced up. So, I think Euro can rise a little more, after which EUR will bounce down to $1.0770 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
EURCHF Wait for the perfect long-term Sell.The EURCHF pair is trading within a Channel Down pattern since the September 26 2023 Low. The current Bullish Leg is approaching the first 1D Golden Cross since February 06 2023, which was formed after the last Lower High on the 1.5 Fibonacci extension. That (Fib 1.5 ext) is the ideal sell entry, which is currently at 0.9900 but the Risk/ Reward Ratio is good enough for a long-term sell even on the current levels. Our Target is the Channel's median at 0.95650, a little over the 0.618 Fibonacci level. ------------------------------------------------------------------------------- ** 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
EURJPY Approaching Channel Up top. Bearish signal.The EURJPY pair is very close to our 168.000 Target that we set on our last analysis (December 13 2023, see chart below): That is at the top of the 2-year Channel Up that started on the March 07 2022 Low. Technically after that, it calls for a short-term trend-reversal. As a result we modify the bullish Target to 167.400 and then will go for a short-term sell, targeting 164.500. This is because we have identified a short-term RSI bearish divergence pattern, which when the RSI in on Lower Highs and the pair on Higher Highs (i.e. Bearish Divergence), the price rises to the 2.0 Fibonacci extension and then pulls back to the 1.0. ------------------------------------------------------------------------------- ** 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
Potential bearish breakout?The Euro (EUR/USD) looks set to extend its current downturn from the pivot point and drop towards an overlap support at 1.06684. Pivot: 1.08083 Support: 1.06684 Resistance: 1.09754 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
Euro H4 | Potential bearish reversalThe Euro (EUR/USD) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 1.08650 Why we like it: There is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 1.09115 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 1.07998 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level 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
HelenP. I Euro can break support level, exiting of consolidationHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from the trend line and rose to the 1.0800 support level, which coincided with the support zone and soon broke this level, after which it started to trades in consolidation. In this pattern price some time traded near the support level until it reached the trend line, after which EUR rebounded and started to rise to the 1.0935 resistance level, which coincided with the resistance zone and top part of the consolidation. After this movement, the Euro broke the resistance level and a few moments traded in the resistance zone, after which turned around and fell back to range. Price declined to the trend line, broke this line, and fell below, but later it made movement back to the resistance level, after which the Euro made impulse down to the support level, where continues to trades near to this day. As well, the price one more time breaks the trend line and I expect that the Euro will break the support level and make a retest in the support zone. After this, the price can rebound and continue to decline, therefore I set my target at the 1.0745 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Euro can make little correction and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone, and then turned around and started to fall in a triangle. In a triangle, the Euro declined to the buyer zone, which coincided with the support level, but when it fell to this zone, the EUR at once rebounded and rose to the resistance line of the triangle, after which the price declined lower 1.0735 level with the buyer zone. After this, the price turned around and started to rise in an upward channel, where it broke the resistance line of the triangle, thereby exiting from this pattern and later reaching the resistance line of the channel. Then EUR made a correction to the support line and then in a short time rose to the resistance line back, breaking the 1.0895 resistance level. But soon, the Euro turned around and started to decline near the support line, thereby exiting from the upward channel and soon breaking the resistance level. Later price broke the resistance level again, but soon made impulse down, breaking it again, and now the Euro trades near the support line. In my opinion, the EUR can decline below the support line, after which the price will turn around and start to move up. For this reason, I set my target at the 1.0850 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EURO - Price can bounce up from support level to $1.0880Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it reached support level, which coincided with support area. Soon, Euro broke this level and reached resistance line of channel, but at once fell back to $1.0800 level. Then EUR some time traded near support level and later made upward impulse to resistance area. After this, price exited from rising channel and started to decline in falling channel, where it broke $1.0940 level. Later Euro fell to support line of channel and then made upward impulse to resistance level, exiting from channel. But price bounced down and now trades near support level, so I think Euro can bounce up from this level to $1.0880 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1