Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Eurusd-3
NASDAQ TODAYToday is a calm day for US100 until the 3:30 PM pull ;
today, it seems like it ll be going down after a lot of hesitations, a lot of reticence to get over 21K ;
we managed to get the descent the other day (orange lines), today seems like either a big pull out, going towards 22K, but pretty unlikely to happen, or a big drawdown like that, reinitializing RSI for the next rally.
EUR/USD: Bearish Continuation in FocusEUR/USD is trading around 1.0469, r1.0510-1.0540, which
If the price retests the resistance zone but fails to break above, a bearish continuation could follow. Initial targets lie at *1.0440, wi1.0400 a
Traders should monitor price action closely at the resistance zone. Short positions could be considered near 1.0510-1.0540, with stop-loss levels set above 1.0550 to manage risk while targeting the next bearish leg.
EURUSD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price is approaching our buy entry at 1.0465, that aligns with the 127.2% Fibo extension
Our take profit will be at 1.0516, that aligns with the 161.8% Fibo extension
The stop loss will be placed at 1.0421, below 161.8% Fibo extension.
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#EURUSD - 22112024I was wrong on the move for EURUSD, but levels worked well. Why so? I was looking at price to base from open and then move higher.
Instead, EURUSD came down and tested the strong level at 1.0514 strong level perfectly which gave a good long for 30pips. But it was a case of a down move - bearish, and it made a lower high, a rejection off 1.054 strong level in confluence with and it sold down. From current move, I am looking for a move lower. Look to short off a pullback to 1.0514 for a move lower. DXY does look to want to go higher. Do note that now DXY strength is in confluence with indices strength.
EURUSD - Bearish Momentum RemainsEURUSD has completed our bearish move as mentioned in previous analysis and now look to recover before another lower move. As we are nearing year end and due to ongoing conflict getting tense, currencies are losing badly against dollar.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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EURUSD On The Rise! BUY!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0526 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0556
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURUSD - Potential Bearish MoveEURUSD is looking bearish and if the above resistance is respected, will target below levels.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EUR/USD Pressured: Bears Eye Further DeclinesThe EUR/USD pair remains under selling pressure as it hovers near the 1.0550 level, unable to break free from its bearish trajectory. The chart reveals a clear head-and-shoulders pattern, indicating potential downward movement. The pair recently tested the support zone around 1.0530, and while minor recoveries have occurred, they have been capped by the resistance at 1.0567, aligning with the 50-period EMA.
With a failure to sustain above the resistance levels, sellers could push the price further downward. A break below 1.0530 might pave the way for a retest of the 1.0500 psychological mark, and potentially lower, as momentum indicators signal growing bearish sentiment.
For buyers to regain control, a decisive breakout above 1.0567 would be required, invalidating the current bearish structure. However, the dominant trend remains firmly in favor of the bears, suggesting further downside risks ahead.
EURUSD : Realization continues, risks increase!Dear traders,
EURUSD is currently in a bearish "flag" phase this Friday morning in Europe, influenced by risk-off flows stemming from escalating geopolitical tensions between Russia and Ukraine and concerns over potential U.S. tariffs on the EU... Now, there is nothing stopping it from further distribution.
Key news is on the horizon that traders should approach with caution. A Fed rate cut. And the question is no longer "when" but "how much" the Fed will cut amid persistently high inflation over the past few months.
From a technical perspective, the focus is on resistance levels at 1.055 and 1.054, which is the (fib 0.618). A gradual retracement and retest will increase the chances of a breakout.
Now, selling pressure on this currency pair is intensifying, prices are entering a risk zone, and buyers are becoming increasingly cautious. We are monitoring the next key downside targets at 1.047-1.044...
EURUSD H1 | Bullish RiseBased on the H1 chart analysis, we can see that the price is rising toward our buy entry at 1.0547 ( Bullish breakout)
Our take profit will be at 1.0597, which is an overlap resistance level.
The stop loss will be placed at 1.0496, which is a swing low support level.
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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. 64% 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. 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 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.
#EURUSD - 21112024Yesterday, I was looking for a dip to make a higher low for a long for EURUSD. Indeed, EURUSD did come down to the double support which provided a relief bounce to PZ and a second flush to 1.0514 strong level which gave an even better opportunity to look for longs for a move higher, 35 pips from lows.
Current thesis is the lows are still holding, thus looking at a possible low is in for a move higher
EURUSD: Consolidation “flag”. Willingness to go belowBen, hello everyone!
CAPITALCOM:EURUSD is consolidating in the form of a "flag", the purpose is to accumulate before continuing the trend... The fundamental context remains negative.
On D1, when looking closely at the 4-hour chart, it is clear that the price is maintaining a decline below 1.0600. There is no reaction to push the price higher. Therefore, in the short term, the momentum and strength of buyers are not expected to be enough to reverse the local situation.
Looking ahead, as long as the dollar continues to consolidate, the euro will theoretically be hit hard...
In particular, the focus is on the consolidating "flag". Breaking this channel, the downtrend will continue.
Ben personally appreciates trading in the direction of the current trend, if there is a clear move, that is, expecting the price to break out and consolidate below the 1.052 area, aiming for a lower target in the short term. The focus is still on the 1.060 level and around the resistance at 1.065.
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot which lines up with the 38.2% Fibonacci retracement and could drop to the 1st support.
Pivot: 1.0548
1st Support: 1.0496
1st Resistance: 1.0602
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Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0550
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.0598
Why we like it:
There is an overlap resistance level.
Take profit: 1.0496
Why we like it:
There is a pullback support level.
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EURUSD: Long term bottom formation. Target 1.09250.EURUSD is almost oversold on its 1D technical outlook (RSI = 32.566, MACD = -0.011, ADX = 28.963) as despite the consolidation since last Thursday, it hasn't yet started to recover. This is however a common price action during bottom formation proccesses (like September and March 2023) and since the 1D RSI is on a bullish divergence (HL), we expect a rally to start soon. In the past rebounds that stopped initially on the HH trendline but for slightly lower risk we are targeting the November 5th High (TP = 1.09250), which started the recent selling.
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Euro slides after ECB financial stability reviewThe euro is down sharply on Wednesday. In the North American session, EUR/USD is trading at 1.0510, down 0.80% on the day at the time of writing.
Financial stability reviews seldom make the headlines, unless the message is a stark one. That was the case today as the ECB’s financial stability review warned that the eurozone could face a financial crisis due to a variety of issues. The euro has responded to the pessimistic news with sharp losses.
The report noted weak growth, rising public debt and political uncertainty in the eurozone could lead to an economic downturn that would squeeze banks and hurt financial stability. The ECB also warned of the possibility of a potential bubble in stocks connected to AI, which could result in a sharp market correction. The report urged fiscal prudence in order to preserve financial system resilience in the “current uncertain macro-financial environment”.
The European Central Bank meets on Dec. 12 and there are differing opinions among Governing Council members as to the timing of another rate cut. Inflation has been falling, but it the pace fast enough to warrant a rate cut at the December meeting? Some voices have been calling for a jumbo 50-basis point cut in December, while more dovish members want to wait until early next year.
ECB Vice-President Luis de Guindos, speaking after the release of the financial stability review, said it was “crystal clear” that the ECB would continue lowering rates but this had to be done in an “extremely prudent” manner.
EUR/USD has pushed below support at 1.0574 and 1.0545. Below, the support line of 1.0494 is under pressure
1.0625 and 1.0654 are the next resistance lines
EURUSD - Bearish ScenarioEURUSD was recovering well until we had a news that a UK made missile was launched by Ukraine.
Therefore considering wider conflicts and war situation, we may see bearish moves across various pairs.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.
EURUSD Is Very Bullish! Buy!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.056.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.057 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EUR/USD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.095 area.
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