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EURUSD: Will It Retrace to POI?Our philosophy focuses on simplicity and precision, avoiding cognitive overload. On the daily chart, EURUSD is trading within Range Zone. If another daily candle closes bullish above $1.086 (the Daily Range Bottom), it could push the price up to the Range Top at $1.1, which is our Daily Point of Interest (Daily POI). The Mid Daily Range may act as minor resistance on this move. If EURUSD falls below the Daily Range Bottom, it enters a bearish zone, with the next target around Key Daily Level 1↓ at $1.066. Alternatively, a bullish breakout above the Daily Range Top could extend gains to the Minor Daily Level at $1.112. Though, this scenario is secondary as long as EURUSD remains within the Daily Range Zone.
by Trade-Lean
EURO - Price can leave wedge and decline to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line. Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it. Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel. Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level. A not long time ago, price reached this level, and some time traded near, but soon bounced down. At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
EUR/USD Surges as U.S. Political Uncertainty Ahead of Key EventsDuring Monday’s European session, the EUR/USD currency pair is making headlines by hovering around the 1.0900 mark. With an ambitious target of 1.09780 in sight, this major currency pair is showing a notable surge at the expense of the U.S. Dollar (USD). This movement comes amid rising uncertainty as the United States approaches its presidential election on Tuesday, alongside the Federal Reserve's monetary policy meeting later in the week. A Bearish Start for the U.S. Dollar As the new week begins, the U.S. Dollar is experiencing a bearish trend, reflected in the decline of the U.S. Dollar Index (DXY). Market participants are especially focused on the tight race shaping up between former President Donald Trump and current Vice President Kamala Harris, fueling a climate of uncertainty around the election outcomes. The anticipation surrounding the elections appears to have contributed to a flight from the dollar, as traders brace for potential volatility based on the implications of the election results. Technical Analysis: No Major Changes From a technical perspective, the current market behavior reflects continuity rather than change. Price levels remain largely similar to those observed in previous weeks, suggesting a moment of stabilization as traders await catalysts that could lead to clearer directional moves. Additionally, the Commitment of Traders (COT) report indicates that the positioning of traders has not changed significantly, continuing to reflect the trends seen last week. Preparing for Election Aftermath As the market gears up for the immediate aftermath of the elections, traders should be prepared for substantial fluctuations. The uncertainty regarding the election outcomes and the potential shifts in U.S. monetary policy are poised to create considerable movement across various asset classes. Depending on who emerges victorious, expectations for fiscal strategies, regulatory changes, and economic recovery plans may influence market sentiment and asset performance for weeks to come. Conclusion In conclusion, the EUR/USD's rise toward the 1.09780 target reflects broader market dynamics influenced by political uncertainty in the United States. As participants navigate this complex landscape, the interplay between election outcomes and central bank policies will be crucial to the future trajectory of the currency pair. Traders are advised to remain vigilant, as upcoming events could lead to significant volatility, reshaping market expectations and price actions in the process. Previous Forecast: ✅ 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.
Long
by FOREXN1
1
EUR/USD Starts Tuesday with Optimism Amid Mixed Dollar StrengthThe EUR/USD pair opened Tuesday with a positive sentiment, trading at 1.08230 as of this writing. This follows a shaky start to the week for the US Dollar (USD), which initially showed strength but saw limited momentum as investors opted for caution, especially in the absence of major economic data or fundamental drivers early in the week. ECB’s Cautious Tone Amid Inflation Progress On Monday, ECB Vice President Luis de Guindos offered insights into the central bank’s view on inflation, noting that while there has been substantial progress in reducing inflation, it's premature to assume that the battle is over. His statements suggested that the ECB will maintain a flexible stance on monetary policy, leaving room for adjustments depending on economic developments. This cautious, yet open stance by the ECB may lend some support to the euro, as markets interpret the ECB's careful monitoring of inflation as a signal that interest rate hikes could still be in the realm of possibility. Focus on U.S. JOLTS Job Openings Data Later in the day, the US Bureau of Labor Statistics will release the JOLTS Job Openings data for September, which may influence USD sentiment. Markets are anticipating job openings to slightly decrease to 7.99 million, from 8.04 million in August. However, should the reading exceed expectations, particularly if it reaches 8.5 million or higher, it could reinforce USD strength as it would indicate continued labor market resilience—a key factor for the Federal Reserve's policy decisions. Conversely, a reading below 7.5 million might dampen USD appeal, as it would suggest cooling in the labor market, potentially leading the Fed to reconsider its tightening pace. Technical Overview: EUR/USD Positioned Near Demand Zone From a technical perspective, EUR/USD is showing some resilience around a demand zone, though it isn’t the strongest of support levels. The pair’s recent reaction in this area suggests some buying interest that could offer temporary support. Given this positioning, a long position might be worth considering if the upcoming JOLTS data provides a supportive backdrop by coming in below expectations, potentially weakening the USD. On the other hand, if the data surprises on the upside, EUR/USD might test lower levels, and the demand zone’s strength could be challenged. Conclusion In summary, the EUR/USD outlook today hinges significantly on the JOLTS report, with the euro finding slight support from the ECB's cautious optimism on inflation. A supportive labor report could provide USD strength, but a weaker-than-expected report may favor euro bulls, positioning EUR/USD for further upside near current demand levels. With this dynamic, traders might consider waiting for the JOLTS data before committing to positions, using it as a potential trigger for directionality in this volatile environment. ✅ 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.
Long
by FOREXN1
1
EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** 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
fib at 1.1034fibonnaci at 1.1034, it is my 1st target and first real ressistance, appart of not beeing there the price for long in my pov, but dxy has a resistance on the 16th of august at that level wht can invade the long posistion making a bigger resistance, but imo it will might go to 1.12 to 1.14 but only the markets can say, and be careful on election day. keep ur trading safe, do your own analysis, you can take value in others persons analysis but do ur own, and keep ur risk safe, take care at elections day, it can change everything,.
Long
by Carlosdrcunha
EURUSD 3/11/24This week, our bias on the Euro has shifted from short to long. This change is based on observing a shift in the higher time frame structure, as institutions appear to be showing interest in buying. Whether this move will be short-term or long-term remains to be seen. We’ll watch the price action in the first sessions of the week to get a clearer idea. Please note, this analysis follows the same principles and bias approach as always. Currently, there are no unmitigated demand areas on the 4-hour chart, and only a short-term supply area has formed. The area of demand we’ve highlighted is present only on the 1-hour chart, making it more of a smaller time frame reference than a higher one. We’ve marked key liquidity levels, which will serve as our reference points for potential upward movement this week. If the price interacts with the 1-hour demand area, we’ll aim for the high at the top of the current range. While I’m ultimately looking for a longer-term upward move, a pullback beforehand is possible. Stick to your plan and manage your risk.
by PipSurfingSociety
Creating your Trading Plan🔸Creating a comprehensive trading plan is a foundational step for any trader, whether you are involved in forex, stocks, options, or crypto markets. A well-structured trading plan outlines your trading goals, strategy, risk management protocols, and the psychological mindset necessary for success. Let’s break down the core components: strategy, risk management, psychology, and confluence. 1. Trading Plan Strategy A trading strategy is a set of rules or guidelines you follow to identify, enter, and exit trades. Here are the elements to consider: ▪️Market Selection: Define which markets you will trade (e.g., forex pairs, stocks, cryptocurrencies) and what your time frames will be. ▪️Trading Style: Will you be a day trader, swing trader, or a long-term investor? Your style will influence your strategy. ▪️Entry and Exit Rules: Specify the technical or fundamental indicators that will trigger your trades. For example, you might use moving average crossovers, support and resistance levels, or candlestick patterns for entry and exit points. ▪️Trade Execution: Outline how you will place trades and manage your orders (e.g., market orders, limit orders, trailing stops). ▪️Backtesting: Before committing real money, test your strategy on historical data to understand its effectiveness. ▪️Example: Suppose your strategy involves trading breakouts. You would define what constitutes a breakout, how to confirm it, and the risk/reward ratio you expect before taking a trade. 2. Risk Management Risk management is about preserving your capital and minimizing losses. It's a critical part of any trading plan and focuses on controlling how much you stand to lose on each trade and how to protect your account over time. ▪️Position Sizing: Determine how much of your capital you will risk per trade. Many traders risk no more than 1-2% of their total capital on a single trade. ▪️Stop Losses and Take Profits: Always use a stop-loss to cap potential losses and set a take-profit order to lock in gains. This should be part of your trading strategy. ▪️Risk/Reward Ratio: Ensure that the potential reward on a trade is worth the risk. A common minimum risk/reward ratio is 1:2, meaning you risk 1 unit of currency to make 2. Diversification: Spread your risk by trading multiple assets or markets instead of concentrating all your capital in a single trade or asset class. ▪️Example: If your account balance is $10,000, and you decide to risk 2% per trade, the maximum loss you would accept on any trade would be $200. This would dictate your stop-loss placement and position size. 3. Trading Psychology The psychological aspect of trading is often underestimated, but emotions can greatly impact your decision-making. Maintaining a disciplined and objective mindset is crucial. ▪️Emotional Discipline: Avoid trading based on fear, greed, or impatience. Develop routines that keep your emotions in check. ▪️Handling Losses: Accept that losses are part of trading and learn not to let them affect your confidence or decision-making. Sticking to your plan, even after a loss, is crucial. ▪️Confidence and Patience: Build confidence in your strategy through thorough backtesting and practice. Be patient and wait for high-probability setups. ▪️Avoid Overtrading: This happens when traders try to chase losses or enter trades impulsively. Stick to your plan and don’t trade just for the sake of it. ▪️Example: If you find yourself becoming anxious or stressed during a losing streak, take a break from trading to reassess your mindset. Practicing mindfulness or keeping a trading journal to reflect on your emotions can be very helpful. 4. Confluence Confluence in trading refers to multiple factors or signals aligning to indicate a strong trade setup. Relying on confluence increases the probability of a trade working in your favor. ▪️Technical Confluence: This might include a combination of support/resistance levels, Fibonacci retracement levels, moving averages, or chart patterns lining up to give you a higher confidence trade. ▪️Fundamental and Technical Confluence: Sometimes, combining technical analysis with fundamental data can strengthen your trade setup. For instance, a bullish technical setup supported by positive economic news. ▪️Multiple Time Frame Analysis: Check if your trade setup looks strong on multiple time frames. For example, a bullish signal on a daily chart confirmed by a shorter time frame like 4-hour or 1-hour charts. ▪️Example: Imagine you see a bullish reversal candlestick pattern at a major support level, and your moving average indicates an upward trend. This confluence of signals might give you more confidence to enter a long position. 🔸Putting It All Together A successful trading plan ties these elements together to give you a clear roadmap. Here’s a simplified example of a trading plan: 🔸Goal: Achieve 5% account growth per month. Market: Trade major forex pairs (e.g., EUR/USD, GBP/USD) during the London and New York sessions. 🔸Strategy: Use a breakout strategy confirmed by volume and momentum indicators. Enter trades when a breakout occurs from a key support/resistance level. 🔸Risk Management: Risk 1.5% of the account balance per trade. Use a 1:2 risk/reward ratio. 🔸Psychology: Practice emotional discipline. Use a trading journal to record trades and emotions. 🔸Confluence: Only take trades when at least three confluence factors align (e.g., breakout, volume increase, trend confirmation). 🔸By crafting and following a trading plan that incorporates strategy, risk management, psychology, and confluence, you increase your chances of trading success while minimizing potential losses.
Education
by ProjectSyndicate
12
Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
7
Smart Money Trading concepts 101🔸The Smart Money Trading concept, often used in Forex and stock trading, revolves around the idea of tracking the moves made by major institutional players (like banks, hedge funds, and large financial institutions) rather than retail investors. Smart money strategies aim to identify and follow the price action patterns that large investors create, as these institutions often have access to more market-moving information and capital than individual traders. 🔸A critical part of this approach is understanding market structure, which includes concepts like Higher Highs (HH) and Lower Lows (LL). These patterns help traders determine the current trend direction and potential reversals, which can inform trading decisions. Here's how these concepts fit into the Smart Money Trading framework: 1. Higher Highs (HH) and Higher Lows (HL) in an Uptrend ▪️When the market is in an uptrend, it typically forms a series of Higher Highs and Higher Lows: Higher High (HH): Each new peak in the price is higher than the previous peak. Higher Low (HL): Each new low is also higher than the previous low. ▪️This pattern signifies strong buying interest, indicating that smart money may be accumulating positions in anticipation of further price increases. ▪️Traders look for breakouts beyond previous highs, as it often signifies a continuation of the uptrend. ▪️If the price breaks a recent Higher Low, it may indicate potential weakness and a possible trend reversal. 2. Lower Lows (LL) and Lower Highs (LH) in a Downtrend ▪️In a downtrend, the market structure often forms Lower Lows and Lower Highs: Lower Low (LL): Each new low is lower than the previous low. Lower High (LH): Each high in the price action is also lower than the previous high. ▪️This pattern signals that selling pressure is dominant, suggesting that institutional investors might be offloading positions. ▪️Traders watch for prices to break the most recent Lower High for potential continuation signals in the downtrend. ▪️If the price breaks above the most recent Lower High, it can indicate that the trend may be weakening, signaling a potential reversal or entry opportunity. 3. Using HH and LL to Spot Trend Reversals ▪️Trend Reversal: When a series of HH and HL in an uptrend shifts to LH and LL (or vice versa), it often signals that a reversal is underway. ▪️Smart Money traders use these shifts to spot market traps where retail traders might be misled, allowing them to capitalize on new trend directions as they unfold. 4. Smart Money Concepts in Action: Liquidity and Price Action ▪️Large players need liquidity to execute significant trades without causing excessive slippage (or price movement). This liquidity often exists near recent highs and lows. ▪️By analyzing HH, HL, LH, and LL patterns, smart money traders can identify areas of liquidity where institutions might step in. ▪️For example, a series of HHs might attract retail buyers, providing liquidity for smart money to enter or exit positions. 5. Application in Trading ▪️By following HH and LL patterns, traders can align their positions with smart money rather than getting caught in fakeouts or market traps. ▪️Traders often combine these patterns with other indicators (like volume, order blocks, or support and resistance) to confirm the presence of institutional involvement. 🔸The Smart Money approach relies heavily on understanding and interpreting these HH and LL structures to trade in sync with the institutions, avoiding common pitfalls that trap many retail traders.
Education
by ProjectSyndicate
21
Analyzing the EUR/USD on the 30-minute timeframethe EUR/USD on the 30-minute timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry. Key Points: Current Trend: Downward movement towards support. Support Zone: Identified in green on the chart. Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position. Always ensure proper risk management and wait for clear confirmation before entering a trade.
Long
by WaveRiders2
EURUSD Short term buy inside a Channel Up.EURUSD is trading inside a Channel Up. The price has falled by -0.55%, same amount as the October 25th-28th pull back. That was a short term buy opportunity that targeted the 0.786 Fibonacci. The MA200 (1h) is supporting just below. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08750 (Fibonacci 0.786 level). Tips: 1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd). Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
HelenP. I Euro will make small correction and continue move upHi folks today I'm prepared for you Euro analytics.A few days ago price entered to consolidation, where it at once reached the top part and then dropped to the 1.1040 level, which coincided with the bottom part of the flat with the resistance zone. Then EUR tried to grow, but failed and fell to the resistance zone, after which turned around and in a short time backed up to range. Later price rose to the top part of the consolidation again, where then it reached the trend line and then started to decline. Euro exited from consolidation, breaking the 1.1040 level, and continued to decline. In a short time later, the price fell to the support level, which coincided with the support zone. Soon, the price broke this level and some time traded between, after which rebounded up, breaking the 1.0810 level with the trend line. To this day, the price continues to grow, so, I expect that EURUSD will make the small correction and then continue to grow next. So, that's why I set my goal at 1.0975 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
EURO - Price can move up to resistance level and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to falling channel, where some time declined near resistance line of channel. Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall. Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel. Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level. After this, price made a correction and then backed up to this level, but recently started to decline. In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
EUR/USD: Euro Gains Amid German Growth, Weak US GDPOn Wednesday, the Euro extended its rally, driven by positive economic data from Germany and the dampening effect of a weaker-than-expected US GDP figure. Germany’s Gross Domestic Product (GDP) recorded a modest 0.2% growth, indicating resilience in Europe’s largest economy. Furthermore, annual inflation in Germany, measured by the Consumer Price Index (CPI), showed a significant rise, moving up to 2% in October’s preliminary estimate from 1.6% in September. This uptick in inflation adds to the bullish sentiment surrounding the Euro, as it hints at economic stability and a possible need for continued monetary tightening in the Eurozone. From a technical analysis perspective, the Euro remains in a profitable position from our identified demand area, where a reversal pattern was noted. The DXY (US Dollar Index) continues to retrace, suggesting potential weakening of the USD, while the COT (Commitments of Traders) report further supports our bullish Euro outlook. Given the ongoing trend, a negative reading in today’s US Unemployment Claims report could provide additional momentum for the Euro’s upward trajectory, potentially solidifying the current trend in favor of the Euro. ✅ 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.
Long
by FOREXN1
4
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August. 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. ##
Long
by InvestingScope