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Eurusd-3

EURUSD continues to extend sharp decline from 1.0600Dear Traders... Let's discuss and strategize with Ben today! Overall, after updating the low around 1.0497, the price recovered around 0.08% on the day. However, EUR/USD remained on the defensive near 1.0550 during the European session on Monday. The pair remained weak as geopolitical risks between Russia and Ukraine resurfaced although the US Dollar limited its gains. The divergent policy outlook of the ECB-Fed also weighed on the pair ahead of the central bank talks. Today, there will be no high-impact data that could influence the action of EUR/USD. Therefore, market participants will pay close attention to comments from central bank officials. Technically, price resistance at 1.0550 - 1.0660 and resistance at 1.0663 should be watched. A false breakout and consolidation below these areas could trigger a decline. Currently, Euro is hinting that the pullback could be a bit longer. MMs are likely to look for liquidity (above these levels) ahead of the news. A false breakout could trigger sellers to act, which would only add to the selling pressure. However, a mild recovery from 1.0550 and back to 1.0497 would increase the likelihood of a breakdown and decline.
Short
by Bentradegold
Potential bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 1.0578 1st Support: 1.0532 1st Resistance: 1.0637 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.
Long
by ICmarkets
eurnzd h2 long/short +200/+400 pips swing trade plan🔸Hello traders, let's review the 2hour chart for EURNZD today. Rangebound trading condition recently, currently expecting a re-test of the mirror S/R resistance overhead and then sellers will take over from the resistance. 🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears, 7659 mirror s/r bulls level will get re-tested by the bears for liquidity. 🔸Recommended strategy for EURNZD traders: the sequence is long/short so you want to buy low off the s/r bulls at 7860 SL 40 TP +200 pips, this is the bounce play / re-test of the mirror s/r bears at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200 TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
16
Will EURUSD Reverse or Continue Its Bearish Cycle?OANDA:EURUSD Multi-Timeframe Analysis (Weekly & 4H) After conducting a top-down analysis, we observed the price trading below the 9, 21, 50, and 200 SMAs on the 4H chart, confirming a bearish trend. Currently, the price is stalling and consolidating within a bearish flag pattern, signaling a potential continuation. However, just below this flag, we have a strong weekly support zone and a pivotal point, serving as a solid floor to halt further decline. We believe the price is likely to reverse from this area. Around this zone, we recommend validating the reversal with chart patterns to enhance probability, potential profits, and setup accuracy. Once confirmed, a bullish reversal could be triggered, aiming for our price target of 1.08100. Bearish Scenario: If the price continues its bearish momentum and breaks below the golden support zone, the next targets are: • Weekly Support: 1.03760 • Ultimate Weekly Support: 1.02540 Key Levels to Watch: • Price Target: 1.08100 • Strong Weekly Support: 1.04980 • Weekly Support Zone • Weekly Support: 1.03760 • Weekly Ultimate Support: 1.02540 Always follow your risk management plan for consistent success. Good luck and happy trading! 🚀
Long
by SpicyPips
1
EURUSD Expected Growth! BUY! My dear subscribers, My technical analysis for EURUSD is below: The price is coiling around a solid key level - 1.0522 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0656 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD Down Trend ContinuationEURUSD has opened with an upward gap and is moving toward a significant resistance zone within a larger bearish trend. If the market meets resistance here and rejects both the resistance zone and the upper border of the descending channel, it may indicate an impending bearish reversal. Historically, this level has acted as a strong resistance, with price bouncing off it multiple times, which reinforces the likelihood of another rejection. There is potential for a push above last week’s high as an initial move to gather liquidity, followed by a bearish reversal aiming to fill the recent gap. If this scenario unfolds, the target would be the support zone around 1.08510, aligning with the gap-filling objective and providing a solid level for further downside momentum
Short
by RTED_Investing
EURUSD: parity on the horizon?A week after the US Presidential elections, markets continue to favor USDollar, in expectation of positive effects of lower tax rates. Still, many economists are noting that political promises during the presidential campaign are one thing, and what we will see in reality is completely another topic. As for economic data posted during the previous week, the US Core Inflation rate in October was standing at 3,3% on a yearly basis, while the Inflation rate was at the level of 2,6% y/y. Inflation for October was 0,2%. All figures were in line with market estimates. The Producers Price Index in October was 0,2% for the month, while core PPI was standing at 0,3%. The Retail Sales in October surged by 0,4%, which was a bit higher from market estimate of 0,3%. The US Industrial Production dipped to -0,3% in October, the same as measured on a yearly basis. The inflation rate in Germany, final for October, was standing at 0,4% for the month, in line with market expectations. Inflation rate on a yearly basis was standing at 2%. The ZEW Economic Sentiment Index for Germany in October was standing at 7,4 a bit lower from market consensus of 13. The same indicator for the Euro Zone was 12,5, also a bit lower from the market estimate of 20,5. At the same time, industrial production in September in the Euro Zone dropped by -2% , which was higher from estimated -1,4% and bringing the total decrease of IP to -2,8% on a yearly basis. Strengthening of the US Dollar continued for the second month in a row. The highest weekly level reached was 1,05 on Thursday trading session, while the currency pair is ending the week at the level of 1,0541. The RSI entered into clear oversold territory, from where some short term reversal might be expected in the coming period. On the other hand, MA50 is strongly diverging toward the MA200, which implies the potential for a cross in the coming period. The strengthening of the US Dollar might easily continue in the coming period. This is supported by the relatively solid economic outlook of the US economy in the coming period, and expectations of a positive result of tax cuts in the US, at least, as per political promises from the presidential campaign. This is also one of the reasons why analysts have started to mention parity of euro and usd, however, at this moment, it might be too early to discuss this topic. For the week ahead, some short term reversal might be expected, considering that the RSI reached a clear oversold market side. Still, the demand for USD is still quite strong on the market, in which sense, only a short correction might be expected, till the level of 1,06, eventually 1,07. On the other hand, it should be expected that the market will start the week ahead by testing the 1,05 support level for one more time. Important news to watch during the week ahead are: EUR: Inflation rate final in October in the Euro Zone, Producers Price Index in October in Germany, GDP Growth Rate final for Q3 in Germany, HCOB Manufacturing PMI flash for November in Germany and the Euro Zone, USD: Building Permits preliminary for October, Existing Home Sales in October, S&P Global Composite PMI flash for November, Michigan Consumer Sentiment final for November.
by XBTFX
EURUSD Possible Up correctionEURUSD has reached the psychological level of 1.0500 and, on the 1-hour timeframe, has formed a double bottom pattern, suggesting a potential slowdown in selling pressure. The price is currently moving sideways above this level, indicating possible consolidation. Notably, approximately a year ago, the price surged from this support zone, identifying it as a demand zone. With the DXY (U.S. Dollar Index) reaching a strong resistance zone, there's potential for a reaction that could lead EURUSD to pull back toward the downward trendline. The target is the resistance zone around 1.0635
Long
by RTED_Investing
EURUSD Bottom made. Now rally until end of year.The EURUSD pair eventually fulfilled all of our bearish signals since the September top, with the most recent one (November 11, see chart below) successfully hitting our 1.05300 Target: We are now shifting to a long-term bullish sentiment after a long time, as the price finally reached the 1.05185 - 1.04500 Support Zone, which is holding for almost 2 years (since early January 2023). The 1W RSI is virtually identical to the July - September 2023 Bearish Leg, on which we based all of our sell signals, as it was identified from early on that the similarities between the two were strong (1D chart). Now that the 1.236 Fibonacci extension got hit, we expect the bullish reversal to reach at least the 0.5 Fibonacci level, as it happened on November 20 2023. As a result, our Target is currently 1.09400. ------------------------------------------------------------------------------- ** 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 hovers around 1.0550 The EUR/USD pair is currently trading around 1.0550 in Monday's Asian session, continuing its downward trend and approaching the year's low at 1.0496, reached on November 14. The strong decline in this pair is mainly driven by factors related to the Fed and positive economic data from the US. Fed Chairman Jerome Powell recently reduced expectations of a near-term rate cut. He emphasized that the US economy remains stable, with a strong labor market and persistent inflation, meaning the Fed sees no need to rush into cutting interest rates. Recent US economic data, such as retail sales and positive manufacturing indices, are further strengthening the USD, putting pressure on EUR/USD. From a technical perspective, on the 1-hour chart, the resistance level at 1.0577 is proving to be a significant obstacle. While there is support at 1.0526 that could allow a short-term recovery, if the pair fails to break through this resistance, EUR/USD may continue to decline, possibly even breaking the support and moving lower.
by Alisa_Rokosz
DXY - It is time for a correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After being bullish for a couple of weeks, DXY is now hovering around the upper bound of its range. Meanwhile, EURUSD is rejecting the lower bound of the orange falling broadening wedge. If DXY rejects the upper bound of the range, we will be expecting EURUSD to break above its last major high in orange. In such a scenario, a bullish correction towards the upper bound of the wedge pattern would be expected on EURUSD. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
Falling towards pullback support?The Fiber (EUR/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.0463 1st Support: 1.0325 1st Resistance: 1.0600 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.
Long
by ICmarkets
EURUSD H4 | Bullish Drop off from 38.2%?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0606, which is a pullback resistance and a 38.2% Fibonacci retracement. Our take profit will be at 1.0518, a swing-low support level. The stop loss will be at 1.0706, a pullback resistance level. 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. 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.
Short
by FXCM
EURUSD 17/11/24As we head into this week, we maintain a bearish bias on the EUR/USD pair. This aligns with last month’s trend, where we consistently sold this pair to the downside. Without a shift in bias, we expect this bearish momentum to continue. Looking at the chart, we’ve identified two key areas of interest for potential selling opportunities. First, there’s a short-term high located around the middle of the current range. This is also a 4-hour high that swept previous short-term highs. Above this, we see an area of unmitigated supply that triggered the last major break of structure, along with a liquidity high just above it. If the price pulls back, it could interact with this supply zone and possibly take out the liquidity highs. However, this pullback would be a counter-trend move. Our primary expectation remains for the price to continue its downward trajectory toward the lows. Last week, the price swept a daily low, highlighted by an arrow on the left-hand side of the screen. This sweep led to a notable upward push, which, while counter-trend, could serve as the catalyst for the pullback we anticipate. The market open will be interesting to watch. If the price gaps upward, it could indicate an intent to move higher before potentially filling the gap later in the week. This would align with the bearish continuation we’ve forecasted. Trade safe and stick to your plan.
by PipSurfingSociety