EURUSD The Target Is UP! BUY!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0621 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0722
Safe Stop Loss - 1.0566
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Eurusd-3
EURUSD, again 1.05000?It is very certain that if the current trend continues, EURUSD could revisit the 1.05000 support zone. In 2023, we managed to hold on to that level twice and return to the bullish side.
This year, the pair has strong resistance in the 1.12000 zone, and that level is a big obstacle for us, and the additional flow is the formation of a lower high and bearish consolidation after that.
EURUSD Will Grow! Buy!
Take a look at our analysis for EURUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.061.
The above observations make me that the market will inevitably achieve 1.068 level.
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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EURUSD: Strong Bullish Bias! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.06447
Wish you good luck in trading to you all!
EURO - Price can bounce down from triangle to $1.0640 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where some time grew near resistance line and then fell below.
After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level.
Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around.
Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle.
In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back.
Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level.
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Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow.
Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616.
THE MAIN IDEA :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave
bullish impulse is complete now we are entering ABC correction.
🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653,
Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently
A in progress 2770/2525.
🔸Recommended strategy for gold traders: higher risk bounce play
once A completes and transitions into B bounce, BUY/HOLD 2525
exit at 2678. Lower risk sell side setup: B completes near 2678
short sell into bounce exit at 2383 once C completes into liquidity
order block zone. good luck traders!
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EUR/USD Decline: How US Political Dynamics Favor a Stronger DollThe EUR/USD currency pair may experience further declines as the US Dollar (USD) benefits from renewed optimism tied to recent developments in American politics. Following substantial electoral gains by the Republicans, a robust agenda focusing on tax reforms and spending cuts is expected to gain traction, bolstering confidence in the USD.
In Europe, the European Central Bank (ECB) may contemplate reducing interest rates to nearly zero by 2025 if economic growth stagnates as a result of tariffs imposed by the Trump administration.
Current price action indicates that after testing the 1.0800 level, the Euro has sharply dropped, continuing its depreciation against the strengthening USD, which has gained support from the positive sentiment surrounding the Republican victory. The Stochastic indicator clearly shows that the DXY is moving out of oversold territory, suggesting further strength ahead for the Dollar.
Additionally, the latest Commitment of Traders (COT) report reveals an increase in long positions among retail traders, while institutional investors—often referred to as smart money—have begun to reduce their long holdings. This shift may signal a potential downturn ahead for the Euro.
Based on our analysis, we have identified a demand zone between 1.0600 and 1.0450, which merits further examination in a weekly context for a clearer rationale behind this zone.
In summary, the outlook for the Euro and other currencies against the DXY appears bearish in the near term, given the current market dynamics and geopolitical factors at play.
Our previous Forecast with Target 1.0800 Pullback.
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Market Analysis: EUR/USD Dips FurtherMarket Analysis: EUR/USD Dips Further
EUR/USD extended losses and traded below the 1.0775 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0935 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0680 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0935 resistance. The Euro started a fresh decline below the 1.0825 support against the US Dollar, as mentioned in the previous analysis.
The pair declined below the 1.0775 support and the 50-hour simple moving average. Finally, the pair tested the 1.0630 level. A low was formed at 1.0628 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped.
Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 1.0825 swing high to the 1.0628 low at 1.0680.
There is also a key bearish trend line forming with resistance at 1.0680 and the 50-hour simple moving average. The next major resistance is near the 1.0725 zone. The main resistance sits near the 76.4% Fib retracement level of the downward move from the 1.0825 swing high to the 1.0628 low at 1.0775.
An upside break above the 1.0775 level might send the pair toward the 1.0825 resistance. Any more gains might open the doors for a move toward the 1.0935 level.
On the downside, immediate support on the EUR/USD chart is seen near 1.0630. The next major support is near the 1.0600 level. A downside break below the 1.0600 support could send the pair toward the 1.0565 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EUR/USD: Trump's Fiscal PoliciesThe EUR/USD exchange rate is on a three-day decline, trading around 1.0640. Expected fiscal policies under the Trump administration could negatively impact the European economy, adding downward pressure on the Euro. Continued movement in this direction could push the pair toward its November low of 1.0628, and eventually, the yearly low in April around 1.0601. Pressure on EUR/USD has intensified as the U.S. Dollar Index (DXY) recently surpassed the 105 mark, supported by expectations of an expansionary U.S. fiscal policy under President Trump. Simultaneously, German 10-year yields have fallen to monthly lows near the 2.30% zone, reflecting a context of Euro weakness. On the monetary policy front, the Federal Reserve recently cut the Fed Funds rate by 25 basis points, bringing it to a range between 4.75% and 5.00%. Although inflation is approaching the 2% target and the labor market shows signs of slowing, Fed Chair Jerome Powell has taken a cautious stance on December's policy decision, noting that economic uncertainty makes it challenging to provide clear guidance. In Europe, the ECB recently cut the deposit rate to 3.25% but has adopted a cautious approach to future cuts, awaiting upcoming economic data. Meanwhile, the Trump administration may introduce new tariffs on European and Chinese goods and promote expansionary fiscal policies, indirectly supporting inflation and providing the Fed with additional reasons to keep rates steady or pause further cuts. In terms of market positioning, net short positions in the Euro have decreased to 21.6K contracts but remain significant.
EURUSD H1 | Bullish Bounce off Based on the H1 chart analysis, we can see that the price is currently at our buy entry at 1.0642, a swing low support.
Our take profit will be at 1.0683, a pullback resistance
The stop loss will be placed below the 127.2% Fibo extesnios
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EUR/USD Under Pressure Amid USD Strength and Eurozone ConcernsToday, the EUR/USD currency pair is under downward pressure due to a strengthening U.S. dollar.
This decline follows recent market uncertainty, particularly as the U.S. political landscape has experienced volatility, and strong U.S. economic data has fueled demand for the dollar.
The euro has also been weakened by economic concerns in Europe, including ongoing challenges in Germany, which have reduced investor confidence in the eurozone's stability.
Looking forward, the EUR/USD pair may face further downward movement if the U.S. economy continues to strengthen, driving expectations of higher interest rates.
If the pair breaks below the 1.0650 support level, it could move towards lower levels in the short term. However, political events and economic data will remain key factors influencing the pair's direction.
EUR/USD Continues to DeclineEUR/USD fell to a 30-week low on Monday, starting the week with a 0.6% decline. The pair continues to weaken below the 1.0700 level as Euro investors remain cautious, awaiting key US inflation (CPI) data and Eurozone GDP figures to be released later in the week. The Euro is under pressure mainly due to investors focusing on US economic indicators, especially the October CPI, which could influence the Federal Reserve's decision to maintain high interest rates. If inflation continues to rise, the likelihood of the Fed keeping interest rates elevated increases, further strengthening the US dollar and continuing to weigh on EUR/USD.
Currently, EUR/USD is trading around 1.0647, down 0.01%. The key resistance levels are at 1.071 and 1.080, which are significant barriers to any upward momentum for the pair. When EUR/USD tests the 1.071 resistance level, it is likely to reverse and head back toward the 1.064 support zone. Even if there is a potential rebound to test the 1.080 level, breaking through this resistance will be challenging. If the pair fails to break above this strong resistance, the downward trend is likely to continue, with EUR/USD potentially dropping further, even below the 1.064 support level.
EUR/USD Trend: Possible Deep Drop To 1.0650?EUR/USD remains under pressure and fell to 1.0750 after Thursday’s rally. The main reason for the decline is the recovery of the US dollar and the cautious sentiment weighing on the pair as traders digest Trump’s victory and the Federal Reserve’s monetary policy announcements.
I am currently monitoring EUR/USD on the 1-hour time frame and I see clear bearish signs. In particular, after peaking at 1.08260, the price fell sharply, breaking the 50% and 61.8% Fibonacci levels at 1.07545 and 1.07376. Additionally, the EMA 34 and EMA 89 are pointing to a bearish trend as the short-term moving average (EMA 34) is below the long-term moving average (EMA 89). This is a signal that sellers are in control of the market. If price continues to sustain below the 1.07100 - 1.06830 support zone, I expect the pair to drop to deeper support around 1.0600.
EUR/USD: Bears Dominate!The EUR/USD pair remained under bearish pressure for the second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours. The pair was weighed down by a stronger US dollar and political uncertainty in Germany.
As seen on the 1-hour chart, the technical outlook favors continued downside momentum, with a potential target towards support around 1.0688. A rejection of the 1.0742 resistance could confirm this bearish move, creating an opportunity for short positions.
Weekly FOREX Forecast: BUY USD vs EUR GBP AUD NZD CAD CHf JPYThis is an outlook for the week of Nov 4 - 8th.
In this video, we will analyze the following FX markets: EUR, GBP, AUD, NZD, CAD, CHF and JPY.
The USD is strong and showing no signs of weakness. This video analyses which of the major pairs are the best markets to look for the best setups for the week ahead.
Enjoy!
May profits be upon you.
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Euro struggling to catch a bid | FX ResearchThe euro has been getting slammed of late and is once again standing out as a clear underperformer on this Monday.
There are two drivers behind the weakness worth highlighting.
The first is the uncertain political climate in Germany. The German Chancellor has said he'd be open to moving up a parliamentary confidence vote by several weeks to before Christmas, potentially speeding up an early federal election.
The second driver is the fear around the Trump presidency and the impact tariffs will have on the single currency. The FT reported that Robert Lighthizer could once again be appointed as the U.S. Trade Representative. Lighthizer is viewed as a staunch protectionist, which could translate to aggressive tariffs on imports into the U.S.
As for the rest of the currency market, the dollar has been mostly bid, though some of the risk-correlated FX markets have been finding some offsetting demand as U.S. equities continue to push record highs. For the remainder of the day, all will be quiet on the calendar front with the U.S. bond market closed in observance of Veterans Day.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
EUR/USD Analysis Update: Impact of Election OutcomesIn light of recent developments, particularly the election victory of Republican candidate Donald Trump, market sentiment has shifted significantly. As anticipated in my previous analysis, this outcome has fueled optimism, contributing to a further decline of the EUR/USD pair by over 130 pips.
The so-called "Trump trade" continues to support the strength of the USD, as the Republican sweep of both the House and Senate clears the way for the implementation of Trump's policy agenda. From a foreign exchange perspective, this is likely to result in increased fiscal spending, tariffs, and tighter immigration rules. These factors are expected to sustain the DXY (Dollar Index), along with upward inflation pressures that could keep interest rates higher than previously projected.
From a technical standpoint, the bearish trend remains firmly in place across all timeframes:
Daily (D1) Chart: The price action recently broke below the lower boundary of a two-year-old neutral rectangle at approximately 1.0670. This breakout signals further downside potential, with the next key support level at 1.0500, which I expect to be tested by the end of the year.
Weekly (W1) Chart: The price action failed to break below the important support level 1.0640. If this level is breached, the next support at 1.0450 comes into play, indicating the potential for further declines.
Monthly (1M) Chart: Notably, an interesting pattern emerges from historical performance in the last three months of election years. In years when a Democratic candidate won (2012, 2020), the EUR/USD recorded an approximate rise of 4.8%. Conversely, during Donald Trump’s first presidency in 2016, the EUR/USD fell by 4.6% during the same period. If this pattern holds for the October-December timeframe of 2024, we could see the EUR/USD reach levels as low as 1.0425 before a potential correction at the beginning of 2025.
As you've likely heard many times recently - the next few weeks will be critical - in determining whether these levels hold or if we see a more significant breakdown.
EUR/USD Shorts from 1.07800 back downThis week, my analysis for EU is showing slow movement, as it isn't close to any key Points of Interest (POI). However, after the CPI release, I expect a surge in liquidity, which could lead to a retracement in EU. From there, I’ll be looking to enter sell positions at a supply zone I've marked, which previously caused a break of structure to the downside.
There are two potential supply zones to watch: the 9-hour supply zone or the 2-hour supply zone above it. If price begins to slow down and distributes upward, I’ll be cautious. However, if the price continues to drop, I’ll wait for a new supply zone to form or look to enter buy positions from the 3-hour supply zone, as outlined in Scenario B.
Confluences supporting EU sell positions are:
- Price action has been strongly bearish, aligning with a pro-trend idea.
- The DXY has been bullish, which suggests EU could continue to move down.
- Liquidity remains focused to the downside.
- A potential supply zone is identified, providing a possible selling POI.
P.S. If price breaks structure to the downside, I’ll wait for a retest and then follow the downtrend.
Look out for CPI and remain diligent!
EURUSD: Strong Bearish Bias! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.06244
Wish you good luck in trading to you all!
EURUSD A Fall Expected! SELL!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0904 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0862
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK