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Euro can fall to support level, break it and continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago declined to the resistance level, which coincided with the seller zone, broke it, and fell a little lower than1.0755 level. But later price turned around and made a strong impulse up to the support line, breaking the resistance level again, after which the price started to decline. In a short time, the EUR fell to the 1.0755 level, broke it, and entered to range, where it declined to the support level, which coincided with the buyer zone and even made a fake breakout of it. Then price quickly rose to the resistance level, which coincided with the seller zone, breaking the support level, but at once rebounded and fell back to the 1.0680 level. After this, the EUR rebounded up, broke the support line, and rose almost to the top part of the range, after which turned around and fell to the buyer zone. A not long time ago price started to grow and in a short time backed up to range, where it now continues to grow. In my opinion, the price can rise a little more and then start to decline to the support level, after which the EUR will break this level, thereby exiting from the range and continuing to decline. So, that's why I set my TP at 1.0650 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Euro H4 | Rising into pullback resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0713 which is a pullback resistance. Stop loss is at 1.0756 which is a level that sits above a swing-high resistance. Take profit is at 1.0671 which is a multi-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. 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.
Short
by FXCM
EURJPY On a very aggressive Bullish Leg.The EURJPY pair is extending the rise since the December 04 2023 Low, which was a Higher Low on the 27-month Channel Up. Technically, we are half-way on the new Bullish Leg of the pattern and as you can see the 1W MA50 (blue trend-line) has been the ultimate Support since its start. The previous 2 Bullish Legs have rose by at least +19.30%, so we expect a similar development. Our Target is at 180.000 (marginally below the +19.30% mark). ------------------------------------------------------------------------------- ** 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
EUR/USD - Forecasted Potential Setup for the Next Few DaysCurrently, the price is forming a descending triangle pattern. I expect it to take liquidity at the 1.07100 level before making another higher low. My focus is on the 1.07350 level as a potential entry point for short positions. Given that the price is down across all timeframes, I am not considering long positions at this moment. If the price breaks the daily highs, this setup will become invalid, and I will then look for long opportunities on a pullback. However, for now, my strategy is exclusively oriented towards shorts. Confluences: Forecast for negative DXY news on 27/06/2024, which is expected to cause a pullback. Anticipation of positive results in Friday's news, potentially causing a breakout in this pair and a test of the weekly highs for DXY. Like and comment if you agree with my setup idea.
Short
by Ryan-L
1
EUR/USD Continues to Rise Following Wednesday's PullbackThe EUR/USD pair continues to grow after experiencing a pullback on Wednesday. Traders are closely monitoring today's US Initial Jobless Claims report, which is forecasted to show a modest drop in new US jobless benefit claims to 235K from the previous 242K. Despite this anticipated decrease, the claims are still expected to exceed the four-week running average of 227K. Should the data align with the forecast, we could see a possible bullish impulse for the US Dollar. However, current technical analysis and the Commitment of Traders (COT) report suggest a potential continuation of the bullish sentiment for the Euro. Today's price movement saw a pullback to the 50% Fibonacci retracement level from the last swing low, a significant technical indicator often associated with a potential reversal or continuation of the trend. This retracement level has provided a solid support base, reinforcing the bullish outlook. Currently, we have a bullish position already opened, and the technical indicators point to further growth potential. The COT report indicates a favorable sentiment towards the Euro, with an increase in long positions. This aligns with the technical analysis, which shows bullish momentum. The EUR/USD pair's ability to maintain above the key Fibonacci level is a positive sign, suggesting that the bulls are still in control. As we await the release of the US Initial Jobless Claims data, traders should remain vigilant for any potential market shifts. The economic news could provide additional insights and potentially impact the direction of the EUR/USD pair. However, the overall outlook remains positive for the Euro, with technical and sentiment indicators both supporting a bullish continuation. In conclusion, while the upcoming US jobless claims data might introduce some volatility, the EUR/USD pair appears poised for further gains. The pullback to the 50% Fibonacci level has reinforced support, and with a bullish position already in play, there is a strong possibility for continued upward movement. Traders should keep an eye on the economic news release for further clues but remain optimistic about the Euro's prospects.
Long
by FOREXN1
5
EURJPY SHORT - Long the strong, short the weak.Hi all, This week I am sharing my play on EURJPY. With JPYBASKET showing both accumulation and some weakness (another liquidity grab today), with Japan Bank saying - increasing interest rates is an option now, with strong long positions on JPY by commercial banks and short positions advantage on EUR, the EURJPY pair is my safest pair to trade this week. I am both managing a major short there and scalping the range to the downside. I am expecting return to 168.1 - 168.2 area at minimum! Good luck and play safe!
Short
by AdiVV
EURGBP Overbought RSI, buy opportunity.The EURGBP pair hit on June 14 the bottom (Lower Lows trend-line0 of the 7-month (dashed) Channel Down and is on the rebound. At the same time, the 1D RSI got oversold (below 30.00) and every time it did so in the past 12 months, it started a strong bullish reversal. More specifically the previous Bullish Leg of the Channel Down reached the 0.618 Fibonacci retracement level to form its Lower High. As a result, we turn bullish on this pair, targeting 0.85500 (0.618 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 will exit from triangle and continue to move upHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago reached the trend line and then made a downward impulse lower than the resistance level, which coincided with the resistance zone, thereby breaking it. Next, the price formed a gap, after which declined a little more and then rose to the trend line. After this movement, the EUR turned around and started to decline to the support zone, which coincided with the support level inside the triangle. Then the price bounced from this area and tried to grow, but after EURUSD rose a little, it quickly fell back to the support zone. Also recently price rebounded from this area and in a short time rose to the trend line, which is the resistance line of the triangle too. For this case, I expect that EURUSD will exit from the triangle pattern, make a retest, and then continue to move up to the resistance level. That's why I set my goal at 1.0820 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
EURUSD Moment of truth for the long-term.The EURUSD pair has started the week on a very positive note as it is already on +0.40% gains. The underlying pattern remains a Channel Down since since the December 25 2023 High and we have been on its latest Bearish Leg since the June 03 Lower High. The important dynamic recently has been the fact that the pair held and closed above the 1W MA100 (green trend-line) on both last 2 weeks. This is a key Support level as the pair hasn't closed a 1W candle below it since October 23 2023. As a result, today's rise has two reasons to be a technical retrace within a longer term bearish pattern. The price action f the past 2 years has shown that only when the 1W RSI closes above its MA (yellow trend-line), do we have very strong probabilities of sustaining a bullish trend. It is therefore easy to understand that as the 1W RSI has come only a few points away from its MA, this week becomes crucial for the EURUSD pair. Until it breaks it, we will stay bearish, targeting 1.06040 (Support level and previous Lower Low). ------------------------------------------------------------------------------- ** 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
EUR/USD Bullish Outlook Following Double Bottom ReactionFollowing our previous analysis, the EUR/USD pair showed a notable reaction to the double bottom pattern we forecasted on Friday. The price bounced off the 1.06800 level, indicating a potential continuation of the bullish impulse. This movement is further supported by the lack of high-tier data releases from the US economic docket in the second half of the day, which means that the USD's valuation is unlikely to be driven by new economic data. As a result, investors are expected to respond primarily to changes in risk perception. On Friday, PMI data from the US indicated that business activity continued to expand at a robust pace in June. This data helped the US Dollar (USD) maintain its strength ahead of the weekend, preventing the EUR/USD pair from gaining significant traction. Given these factors, we anticipate a continuation of the bullish trend for EUR/USD. We will continue to monitor market developments closely and adjust our strategy as necessary to capitalize on this potential upward movement.
Long
by FOREXN1
1
Eurusd analysis: rising wedge pattern Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point. the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar. we expect a bearish fall till 1.0720 and further down can go till 1.0680 area. Alternative scenario. a break above resistance point of 1.0770 can further enhance the upward correction of eurusd. for more such contents and market related updates boost follow and share us
Short
by realmillionairefx
2
Euro can break support level and continue to decline in channelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some time traded near the resistance level inside the seller zone, after which it rebounded from this area and tried to grow, but soon turned around and started to decline inside the downward channel. Inside the channel, the price first broke the 1.0865 level and then fell to the support line of the channel, making a gap also. Then Euro rebounded from the support line and rose to the resistance line of the channel, after which turned around and in a short time declined to the support level, which coincided with the buyer zone with the support line of the downward channel. After this movement, the price tried to grow from this level, but later it turned around and in quickly declined back to the 1.0675 level, where it continues to trades close to this day. So, in my opinion, the Euro can make an upward movement to the resistance line of the channel and then rebound down to the support level. After this movement, the price will break this level and continue to decline inside the downward channel, therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURO - Price can break support level and continue to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it in a short time declined to $1.0810 level, after which bounced up. Then price corrected $1.0810 level again and then rose almost to top part of flat, but then it started to fall. Euro in a short time declined lower than $1.0810 level, breaking it and also exiting from flat, after which continued to decline. Price at once rose to resistance line, after which it quickly fell to support level, which coincided with support area. Next, EUR tried to grow but failed and fell back to $1.0690 level, where at the moment continues to trades near. In my mind, price can make small movement up and then break support level and fall to $1.0600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
EUR/CHF: Navigating SNB Cut and French Election DynamicsHey Traders, In today's trading session, we are closely observing the EUR/CHF pair for a potential selling opportunity around the 0.95500 zone. This level is identified as a key support and resistance area, aligning with the ongoing downtrend. The pair is currently in a corrective phase, approaching the trend line near the 0.95500 level. Recent Developments: Swiss National Bank (SNB) Policy Adjustment: Yesterday, the SNB implemented a 25 basis points rate cut. This move typically signals a dovish monetary stance, which might initially weaken the Swiss Franc. French Elections: As we approach the French elections, demand for the Swiss Franc is anticipated to remain robust. Political uncertainty often drives investors towards safe-haven currencies like the CHF. Given these dynamics, we expect the recent SNB rate cut's impact on the Swiss Franc to be temporary. The heightened demand for the Franc amid electoral uncertainty should bolster its strength, making the 0.95500 zone a critical level to watch for potential selling opportunities in the EUR/CHF pair. Best Regards, Joe
Short
by JoeChampion
2
Trade Like A Sniper - Episode 50 - EURJPY - (21st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURJPY, starting from the 2-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded