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Eurusd-3

EURUSD The Target Is UP! BUY! My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0807 Bias - Bullish Safe Stop Loss - 1.0748 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.0902 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Best Level to Short USDCAD TP +260 pips🔸Hello traders, let's review the 8hour chart for USDCAD today. Strong V-shape recovery in progress off the lows, however sentiment getting extremely overbought and also we are closing in on heavy overhead supply. 🔸Key mirror S/R detected at 3620, bears will target this level on the re-test so it's a logical target for the short sellers from overhead resistance. 🔸Recommended strategy for USDCAD traders: focus on short selling high near 3880 price cluster SL fixed at 60 pips TP1 +140 pips TP2 +260 pips final exit at 3620. Expecting rejection from overhead resistance and re-test of the mirror S/R level at 3620. 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
20
Levels discussed on 22nd October Livestream22nd October DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60 GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50 EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level USDJPY: Buy 151.15 SL 40 TP 65 USDCHF: Sell 0.8630 SL 10 TP 20 USDCAD: Buy 1.3860 SL 20 TP 60 Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
TVC:DXY
by JinDao_Tai
EUR/USD Technical Analysis: (READ DESCRIPTION)EUR/USD Technical Analysis: Bearish Momentum in Focus Pivot Point: 1.0840 The pivot point at 1.0840 acts as a crucial resistance level for the EUR/USD pair. As long as the price remains below this level, a bearish outlook is favored in the near term. Our Preference: Short Positions Recommended Trade: Short positions are preferred as long as the price stays below the 1.0840 pivot. The expectation is for a downward move toward key support levels. Target Levels for Downside Movement: First Target: 1.0800 This is the initial support level, where traders may consider taking profits or evaluating a potential further decline. Second Target: 1.0780 If the first target is breached, the pair could extend its losses toward 1.0780, signaling further downside pressure. Alternative Scenario: Upside Risks If the price rises above 1.0840: Bullish Outlook: First Target: 1.0855 Second Target: 1.0870 These levels represent potential resistance areas that could be tested in the event of a bullish reversal. Technical Insights: Bearish Signal: As long as the resistance at 1.0840 remains intact, the likelihood of a break below 1.0800 is significant. The downside momentum appears strong, with the price struggling to breach higher resistance levels.
by CharivapaAlgo
Heading into 61.8% Fibonacci resistance?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0849 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.0869 why we like it: There is a pullback resistance level. Take profit: 1.0810 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
EUR/USD: Watch for the Rebound!EUR/USD began the week on a bearish note, hitting 12-week lows near 1.0800 as the US dollar remains strong, supported by solid economic fundamentals and rising US yields. Key support levels are at 1.0811 and 1.0775, while major resistance is seen at 1.0930 and 1.1040. The macroeconomic backdrop favors the dollar, with the Fed remaining cautious on rate cuts, and the ECB, despite a recent rate cut, facing weak growth and declining inflation. A drop below 1.0800 could accelerate losses, while a recovery above 1.0875 would be the first positive signal.
Long
by Forex48_TradingAcademy
1
EURUSD H4 I Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0775, which is an overlap support that aligns with 161.8% Fibo extension Our take profit will be at 1.0866, an overlap resistance. The stop loss will be placed at 1.0720, which is an overlap support 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.
Long
by FXCM
#EURUSD - 22 OctI was wrong on the move for EURUSD yesterday as it sold down to new lows. The buy levels given were good for scalps only as price consolidated within the PZ for some time before the break lower. I have no strong views for today TBH. I do see Friday's bullish candle as buyers are present. Thus despite yesterday's strong sell down, I see market is trying to find a bottom. 1.0808 is a strong double support, thus could act as a possible bounce level but in view of the bearish price action yesterday, one would need to see the reaction and require a bullish confirmation to do so. 1.0741, the next strong level would be a level I will look for a more probable bottom. On the short side, if EURUSD recover to the top of the PZ 1.0840 and is rejected by it, one could look for short opportunities for a move lower.
by FadeMeIfYouCan
The euro lost its upward momentum due to recession fears Worries about a potential recession in the eurozone, coupled with the ECB's decision to implement further rate cuts, are negatively impacting the sentiment toward the euro. Spain's September CPI (YoY) dropped to 1.5%, marking the lowest since April 2021, while France's CPI (YoY) came in at 1.1%, falling short of the market consensus of 1.2%. Moreover, Germany's ZEW Current Conditions in October plummeted to -86.9, reaching the lowest since May 2020, intensifying concerns about the Eurozone economy. EURUSD briefly breached the descending channel’s upper bound but failed to hold the upward momentum, falling to 1.0810. If EURUSD maintains a downtrend within the channel, the price may fall further to 1.0670. Conversely, if EURUSD breaches the channel’s upper bound again and rises above EMA21, the price could advance toward 1.0940.
by inkicho_exness
EUR/USD lower, ECB’s Kazimir confident in ‘disinflation path’The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day. The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011. The rate cut was the third time the ECB has lowered rates this year, as it has been aggressive in its rate-cutting cycling, totaling 75 basis points. The rate statement from last week’s meeting noted that the “disinflationary process is well on track” and that the inflation outlook had improved due to “recent downside surprises” in economic activity. The September inflation report, released just before the rate announcement on Thursday, indicated that inflation dropped to 1.7% y/y, down from 1.8% in August. This was a milestone as it was the first time inflation has dropped below the ECB’s target of 2% since July 2021. The optimistic stance was reiterated by ECB Governing Council member Peter Kazimir, who said on Monday that he expects inflation to drop to the 2% target in 2025. Kazimir said he was “increasingly confident that the disinflation path is on a solid footing” which would allow the ECB to continue cutting interest rates. The ECB remains somewhat cautious, particularly over wage growth and services inflation which have been stubbornly high and are upside risks to the inflation outlook. Still, after three rate cuts this year it’s clear that the direction of the rate path is down and the markets expect the ECB to continue trimming rates right through to March 2025. EUR/USD has pushed below support at 1.0854 and is testing support at 1.0837. Below, there is support at 1.0808 1.0884 and 1.0900 are the next resistance lines
by OANDA
Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades. By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success. Key Fundamentals Supporting a Bearish Outlook: - Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges. - Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment. - Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair. These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions. 1W: HOURLY ENTRY: If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!
Short
by Jasminex1x2
1
EURUSD A Fall Expected! SELL! My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0865 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 - 1.0846 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/USD remains rooted in bearish trendThe EUR/USD's brighter start faded as the session wore on, with the US dollar rebounding across the board. Today’s macro calendar has been quite quiet apart from that bigger than expected rate cut by China’s central bank we saw overnight. In fact, there won’t be much in the way of any important scheduled data release until Thursday’s publication of the PMI numbers from the Eurozone and around the world. This should allow the focus to turn to the US presidential election. In the eurozone, the only notable data release was German PPI, which came in at -1.4% YoY in September, below forecasts of -0.8%. The data points to weak demand and suggests that consumer inflation could fall further, thus allowing more rate cuts by the ECB. This is clearly another piece of data that is negative for the euro. Later this week, the focus for euro traders is expected to focus on the global PMI data release scheduled for Thursday, October 24. The eurozone's manufacturing sector, which has been in contraction for two years, is of particular concern, and weak PMI figures could place further pressure on the euro. Additionally, attention is turning toward the US presidential election, where Donald Trump is gaining ground in the polls. A potential Trump victory could further strengthen the US dollar, particularly due to his hawkish stance on tariffs targeting European and Mexican car imports. Indeed, the Trump trade is already gaining momentum after the latest opinion polls and odds trackers point to an increasing likelihood of him winning the US presidential election. Trump’s protectionist policies should be bad news for the Eurozone as compared to a Harris win. So, if Trump’s odds of success increases over the next couple of weeks, then, assuming everything else being equal, we could see the EUR/USD weaken as a result. From a technical perspective, the EUR/USD remains in a bearish trend, with short-term resistance at 1.0870 (200-day moving average) seems to be holding today. Further key resistance levels come in at 1.0900 and 1.0950. On the downside, the August low of 1.0777 is the next bearish target, followed by the 1.0700 handle. By Fawad Razaqzada, market analyst with FOREX.com
Short
by FOREXcom
Euro will make move down and then rebound up from wedgeHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price declined to mirror line and then started to grow. In a short time, the price broke the 1.1000 level, made a correction to the resistance area, and then continued to move up to the seller zone. When it reached this area, the price soon turned around and dropped to the mirror line. Euro some time traded near this line and then fell to the 1.1000 level, breaking the mirror line. Also then, the price started to trades inside the wedge, where it first rose between the mirror line to the seller zone again. When the Euro reached this area, it turned around and made a downward impulse, thereby breaking 1.1175 and 1.1000 levels, after which made retest and continued to fall to the support line of the wedge. At the moment, the price trades very close to the resistance line of the wedge, so, for this case, I think that the Euro can little decline and then rebound up, thereby exiting from the wedge. For this case, I set my TP at 1.095 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Is EUR/USD oversold? Time to Buy?Is EUR/USD oversold? Time to Buy? EUR/USD has been experiencing a robust downtrend on the 30-minute chart since 30 September. This bearish movement was triggered after the pair encountered a significant resistance area, forming a double top configuration on the daily chart. From a 30-minute perspective, EUR/USD has remained on the same side of the 200-period moving average for 710 candles, indicating that the pair may be in an oversold condition and that the downtrend could be maturing. Statistically, most directional movements typically accumulate between 300 and 400 candles on one side of the 200-period moving average. Shift from Seller to Buyer Interest: Since the inception of the downtrend, this marks the first instance where EUR/USD has made an upward move that corresponds to the preceding downward move. This development signals a potential shift in market sentiment from bearish to bullish and could also be interpreted as a bullish engulfing pattern. Currently, EUR/USD is situated in the 38.2% Fibonacci retracement level on the 30-minute chart, which may serve as a support zone. Key Levels to Monitor: The main areas of interest for today are 1.0830 and 1.0850, which have the potential to support the price action. A buying opportunity could materialise if EUR/USD manages to break above 1.0855. Should this occur, it may lead to an upward movement towards the 1.0945 area later this week. Conversely, an alternative scenario may unfold if EUR/USD breaks below 1.0820, which could prompt a decline towards the 1.0775 region within the week. Treading Carefully Amidst Potential Changes In summary, while EUR/USD is currently entrenched in a downtrend, emerging indicators and patterns suggest the possibility of a trend reversal. Traders should remain vigilant around the critical levels mentioned, as these will be pivotal in determining the pair's next movements. Disclaimer: 74% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
XAU/USD : $2700 Reached, What's Next ? (READ THE CAPTION)Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for gold, which is why the price reacted to it. However, at the moment, gold is trading around $2711, and I still expect further growth from gold unless I see otherwise on the chart, in which case I’ll update you. The next short-term targets for gold are $2727 and $2743.7. Keep an eye on how the price reacts to these levels. Also, the most important support zone for gold is between $2673 and $2688.7. 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
OANDA:XAUUSDLong
by ArmanShabanTrading
21
EUR/USD (READ DESCRIPTION)Pivot Point: 1.0845 The pivot at 1.0845 serves as a critical support level for the EUR/USD pair. If the price holds above this level, it signals the potential for further upside movement. The technical outlook suggests a bullish bias as long as this support remains intact. Our Preference: Long Positions Recommended Trade: Long positions are preferred as long as the price remains above the pivot at 1.0845. This suggests that the pair could rally to test higher resistance levels. Target Levels for Upside Movement: First Target: 1.0880 This level acts as an intermediate resistance, where traders may consider taking profit or assess the strength of the bullish momentum. Second Target: 1.0900 If the first resistance at 1.0880 is surpassed, the next target is 1.0900, representing a continuation of the bullish trend. Alternative Scenario: Downside Risks If the price drops below 1.0845: A break below this pivot would open the door to a downside move. Bearish Outlook: First Target: 1.0825 Second Target: 1.0810 These levels represent potential areas of support in a bearish scenario, indicating further downward movement. Technical Insights: RSI (Relative Strength Index): The RSI is mixed but holding above its neutral area, signaling a cautious bullish sentiment. If the RSI continues to rise, it could confirm increasing buying interest. Support Zone Strength: The 1.0845 level has provided stability, allowing the price to form a base for potential upward movement, increasing the likelihood of a bullish continuation. Moving Averages: If EUR/USD rises above key moving averages, such as the 20-period or 50-period, it would provide further confirmation of the bullish scenario. A crossover in these averages may signal a stronger upward trend. Momentum Indicators: Indicators like the MACD remain positive, supporting a continuation of the upward momentum. If a bullish crossover occurs, it will likely further solidify the upward trajectory.
by CharivapaAlgo
EURUSD Bearish Bias with Key Resistance at 1.0915EURUSD The price is currently below the resistance zone near 1.0915, which has acted as a pivot in recent movements. The pair remains in a downtrend, with previous highs indicating a double-top formation. If the price fails to break above 1.0915, the downtrend is likely to continue, with potential support around 1.0680. The demand zone is around 1.0680 and the ascending trendline may provide strong support, potentially leading to a rebound. Direction: Bearish: As long as the price remains below 1.0915, the direction favors a continuation towards lower support levels. Bullish: A break above 1.0915 and sustained stability could signal a shift to bullish momentum, but this remains less likely in the current trend. For now, the bias remains bearish, targeting the demand zone around 1.0680. Key levels: Pivot line: 1.0885 Support Lines: 1.0793, 1.0680, 1.0616 Resistance Lines: 1.0995, 1.1082, 1.1141 Trend Outlook: Bearish while under 1.0915 Bullish By stability above 1.0915
Short
by SroshMayi