Get started

Euro

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
Euro H4 | Falling to 50% Fibonacci supportThe Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.08414 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.09115 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 1.09115 which is a pullback 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. 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.
Long
by FXCM
Euro H4 | Potential bullish bounceThe Euro (EUR/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 1.08420 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 1.07922 Why we like it: There is a pullback support that sits below the 61.8% Fibonacci retracement level Take Profit: 1.09115 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets
EURUSD: 1D Death Cross forming. Bearish or Bullish?EURUSD has erased most of yesterday's "Fed fuelled" gains with a strong 1D red candle that turned the 1D timeframe neutral again (RSI = 48.908, MACD = 0.002, ADX = 36.543). Amidst this volatility a strong technical development is going unnoticed. The pair is about to form the first 1D Death Cross since September 28th 2023 and only second since July 22nd 2021. While this is primarily a bearish technical pattern, the last Death Cross was formed on a market bottom. However the 1D MACD wasn't on a Bearish Cross as it is now. In fact out of the previous five MACD Bearish Cross in the last 12 months, four have been bearish and only once (July 4th 2023), the pair rebounded. The difference then was that the 1D MA50 held Support and initiated a rebound. Same kind of rebound as on December 8th 2023. Both rose by approximately +4%. So based on that past price action, how do we trade the current 1D Death Cross. As shown above, there are far greater probabilities of being a Sell Signal. However we won't trade it without confirmation first. You can see a short term Channel Up and a longer Channel Down. If the price crosses over the dotted top of the Channel Down, we will buy and target the top confluence with the dashed LH trendline (TP = 1.10850). Technically the leg can go even higher to around +4% from the bottom (as mentioned above that was the average rise of the legs that held the 1D MA50). If the price crosses under the Channel Up (naturally closes under the 1D MA50), we will sell and target the dashed LL trendline (TP = 1.06900), which will be a -2.67% from the recent top, like the December 8th 2023 decline. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: The week on the market is expected to be hot, with a number of important news awaiting us, namely the decisions of a number of leading central banks on interest rates . This week we stick more to the buy priority, but most likely this week will be predominantly in favor of the seller. It is expected that growth in the euro can begin in the second half of the week. The dollar is expected to weaken across all major instruments in the medium term. Two scenarios are indicated in the graph. Scenario №1 is more likely. In both cases, a reversal is expected within the area of 1.08000 - 1.08500 . The common goal is at the level of 1.09500 . 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 to 1.1 per dollar??Another one for the forex traders or fiat currency traders. EURUSD is bullish on weekly as we are currently at Entry for Long Orders, Then based on this Timeframe, you can execute long orders at current price, i took my entries early but market might correct a bit back to entry. We have just finished or completed correction, and about to continue going up from here, Initial target is 1.1 dollars, then lock and let the big boy run to new Highs. NFA as always, awesome trading, Enjoy.
Long
by Theofylrx
HelenP. I Euro can decline to support level and then start growHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded from the support level, which coincided with the support zone and declined to the trend line, after which it turned around and in a short time rose back to the support zone. Then Euro broke the 1.0800 level and started to trades in consolidation, where it some time traded near this level until the price reached the trend line, after which the EUR rebounded and rose to 1.0950 resistance level, which coincided with the top part of the range with resistance zone. Euro not long time trades near this level and later declines from it to the trend line, and soon breaks this line. After this movement, the price declined lower, but recently it tried to back up, and when the EUR reached the trend line again, bounced down. At the moment, the price continues to decline and for my mind, the Euro will decline almost to the support level, after which it turn around and start to grow in consolidation. Therefore I set my target at 1.0900 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
EURGBP Double bottom and rebound expected.The EURGBP pair formed a Double Bottom on the March 08 Low but is being restricted (and fail to close a 1D candle) successively below the 1D MA50 (blue trend-line). With the 1D RSI on Higher Lows, i.e. a Bullish Divergence, we expect a rebound towards the 0.5 Fibonacci level, similar to the sequence that followed the August 23 2023 Double Bottom. Our target is 0.86300. ------------------------------------------------------------------------------- ** 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 can start rise to resistance level, exits from triangleHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the resistance line and seller zone and little declined. After this movement, the price tried to back, but failed and when the EUR touched the resistance line it rebounded again and made an impulse down to the 1.0725 support level, which coincided with the buyer zone. Some time later Euro declined to support line, after which it in a short time turned around and rose to the resistance line, thereby making a fake breakout of the 1.0725 level. After this movement, Euro made a correction to the support line and then made an impulse to the seller zone, breaking the 1.0900 resistance level with line. Next, the price started to trades in a triangle, where it rose to the resistance line, after which the price rebounded and in a short time declined to the support line, breaking the 1.0900 level one more time. Now, the price trades near the support line of the triangle, and in my opinion, the Euro can rebound up from the support line to the resistance level, thereby exiting from the triangle. For this case, I set my target at the 1.0900 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EURO - Price can little correct and then continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined in falling channel, where it reached $1.0900 level and at once continued to fall. Later price tried to back up, but failed and declined to support level, which coincided with support area. Also soon, Euro fell below this level and then it turned around, exited from falling channel, and started to grow in rising channel. In this channel, EUR broke $1.0750 level and even later broke $1.0900 level too, after which rose to resistance line. Recently price declined below this level, but soon backed up and now Euro trades in resistance area. I think that Euro can fall to support line and then continue to rise in rising channel to $1.0900 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 make rebound up from resistance zoneHi folks today I'm prepared for you Euro analytics. Some days ago price fell to support 2, which coincided with the support zone, and at once rebounded and started to grow. But later EUR turned around and fell to the trend line, after which it turned around and made a strong impulse up to support 1, which coincided with the resistance zone, thereby making a fake breakout of support 2. But the price at once rebounded from support 1 and fell back to the trend line, where it some time traded near and later made impulse up to 1.0980 points, breaking support 1 with the resistance zone. Then, the price turned around and in a short time declined to the resistance zone, thereby breaking the trend line, and where at the moment price continues to trades near support 1. For my mind, I expect that the Euro will rebound from the resistance zone to the trend line, break it, and then the price can make a retest. After this, I think, the EUR will bounce from the trend line and continue to grow, therefore I set my target at the 1.0950 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
Euro can bounce from support line and start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago broke the resistance level, which coincided with the seller zone, and some time traded below. But later, EUR rose back to the seller zone, after which it turned around and started to fall in a downward channel, where in a short time Euro declined to the 1.0780 support level, which coincided with the support area. Soon, the price broke this level and fell to the support line of the channel, and even made a fake breakout of this line, but at once turned around and rose back. Also soon, the price tried to break the 1.0780 level, but failed and declined more to support line one more time. Then Euro turned around and started to rise near the support line, thereby exiting from the downward channel. In a short time price broke the 1.0780 level and rose higher, after which there was little correction, and then the Euro continued to move up to the 1.0965 resistance level. When the price reached this level, it at once rebounded down to the support line, where at the moment EUR continues to trades near. So, I think the Euro can rebound up from the support line to the resistance level, for this case, my target is located at the 1.0965 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
EUR/USD Faces Resistance: A Technical and Fundamental AnalysisEUR/USD encountered resistance following an initial bullish surge on Wednesday, subsequently retreating slightly below the 1.09450 level in Thursday's European morning session. The price action indicates a potential reversal, with the currency pair trading within a supply area and the 61.8% Fibonacci level suggesting a bearish setup. Additionally, a sell limit has been set at 1.1000 in anticipation of a false breakout, with the RSI potentially signaling overbought conditions in this scenario. Later in the day, market participants will closely monitor the release of February's Retail Sales and Producer Price Index (PPI) data from the US. Retail Sales are projected to rebound by 0.8% in February after a contraction of 0.8% in January, while the monthly PPI is expected to increase by 0.3%, matching January's rise. The outcome of these data releases could influence the direction of the USD. A Retail Sales reading near 0% may exert downward pressure on the USD, while a stronger-than-expected increase in monthly PPI could prompt a USD-positive reaction. However, if the data are mixed, initial market reactions may be misleading, and bond market dynamics may provide valuable directional clues. A sustained uptrend in yields could bolster the USD, whereas a retreat below 4.2% in the 10-year yield might have the opposite effect. Given these technical and fundamental factors, traders are advised to watch for signs of a potential reversal in EUR/USD's price action.
Short
by FOREXN1
4
EURAUD,🔴It Bearish...?🔴(Details on Caption) I like this chart 📊 Please pay attention to the details. The price did the stop hunt and create the FVG, then could not continue to go higher and created the inversion. After that, by closing the candle's body below the last down-close candle, the price activated the breaker block, and also the market structure shifted. Now, the price has moved higher and it is close to the premium, so we are looking for a sell position. In that case, a bearish breaker block and buy-side liquidity formed inside the FVG are our confidence in a bearish move. It is a high-probability setup, but this market is all about probability, so stick to your risk management. Do not forget we need LTF confirmation to execute the sell position. 💡Wait for the update! 🗓️15/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
11