EUR/USD Break-and-Retest: Next Stop 0.97?Weekly Timeframe:
Clear downtrend with a rejection at the 50 MA and a break below key support. Next target lies around 0.97-0.98, a major demand zone.
Daily Timeframe:
Confirms the bearish bias with a retest of the broken support, now acting as resistance. Price remains below the 50 MA, signaling continued downside.
Correlation:
Both timeframes align in a bearish trend. Weekly sets the direction, while daily refines entry opportunities with break-and-retest setups.
Eurusd-4
Euro can make small correction and then continue to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it at once rebounded from the resistance line and fell to the seller zone. Then price rebounded from this area and tried to grow, but failed and dropped to support line of the downward channel. Next, the price rebounded from this line and rose to the resistance line of the channel, breaking the resistance level. After this, the price some time traded in the seller zone and then broke the resistance level and dropped until to 1.0345 points, breaking the support level too, and exiting from the downward channel. Later Euro started to grow inside the upward channel, where it soon broke the 1.0385 level and then rose to the resistance line of the upward channel. After this movement, the price turned around and fell to the support level, where it some time traded near and then continued to grow near the support line of the upward channel. For this case, I think that the price can decline to the support level, after which turns around and continue to grow inside the upward channel. That's why I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Can the U.S. Dollar Overtake the Euro? Will EUR/USD Fall Below 1The EUR/USD pair has been hovering near a critical psychological level of 1.0000, sparking debates among traders about whether the U.S. dollar's strength could push the euro below parity. Current market dynamics suggest that a break below this level is plausible, with a potential target of 0.9889.
Historical Context: Why Did EUR/USD Fall Below 1.00 in September 2022?
The last time EUR/USD fell below parity was in September 2022, driven by several key factors:
Aggressive Federal Reserve Rate Hikes:
The Federal Reserve was highly hawkish in 2022, implementing aggressive rate hikes to combat inflation. This strengthened the U.S. dollar significantly against other currencies, including the euro.
Eurozone Energy Crisis:
The Eurozone faced an energy crisis due to reduced natural gas supplies following geopolitical tensions with Russia. This created economic uncertainty, weakening the euro.
Recession Fears in Europe:
Concerns about a potential recession in the Eurozone further pressured the euro, as investors shifted their focus to the relative safety of the U.S. dollar.
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Key Technical Levels:
Resistance at 1.0090:
The pair is currently facing strong resistance at 1.0090, where sellers have consistently stepped in to cap bullish attempts. This level aligns with a key supply zone, suggesting heavy sell-side liquidity.
Support at 1.0000:
The psychological level of 1.0000 acts as a critical support zone. A break below this level could lead to accelerated selling pressure.
Next Target: 0.9889:
If the support at 1.0000 is breached, the pair could decline toward 0.9889, marking the next major support level from the previous price action.
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Factors Driving the Dollar’s Strength Today:
U.S. Economic Resilience:
]Strong economic data from the U.S., such as better-than-expected GDP growth and employment numbers, continues to support the dollar’s strength.
Federal Reserve’s Hawkish Stance:
The Federal Reserve’s commitment to keeping interest rates high to combat inflation has been a major driver of USD appreciation.
Eurozone Weakness:
On the other hand, weaker economic performance in the Eurozone, coupled with uncertainty around energy markets, has kept the euro under pressure.
EURO - Price can make move up and then continue to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price rose to $1.0935 points, making a first gap, and then dropped to $1.0630 level in pennant.
Soon, price broke this level, which coincided with resistance zone, and some time traded below $1.0630 level.
Euro fell to support line of pennant, breaking $1.0400 support level but soon backed up and even made a second gap.
Next, price continued to grow to resistance line of pennant, which coincided with resistance level and then bounced down.
Later price fell to support zone, exiting from pennant and breaking $1.0400 level, which continues to trades to this day.
In my mind, Euro can rise a little higher than $1.0400 level and then continue to decline to $1.0250
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EURUSD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0397
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0456
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Continue moving within a narrow rangeThe USD remains strong as the Federal Reserve (Fed) maintains its high-interest rate policy to curb inflation. Although there are signs that U.S. economic growth may be slowing, the Fed is still expected to keep interest rates high for at least the next few months. This continues to make the USD attractive, which makes it difficult for the EUR/USD pair to break through higher resistance levels.
Meanwhile, in the Eurozone, inflation remains a concern. While the European Central Bank (ECB) may continue its tightening monetary policy, weak economic growth in the region could reduce the strength of the Euro in the short term. Economic data from the Eurozone has not shown significant improvement, further pressuring the EUR against the USD.
Currently, looking at the chart, the EUR/USD pair is trading around 1.0392, and there is no clear trend in the short term. However, based on the current situation, I predict the pair is likely to continue moving within a narrow range, potentially dipping to the support level at 1.0387. If EUR/USD fails to hold above this level, the pair may decline further towards 1.0358 or lower.
EURUSD: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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EURUSD Will Go Down! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.040.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.025 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURUSD (4H): HIGH-RISK UPTRENDTP2 @ 1.0521
TP1 @ 1.0440
BLO1 @ 1.0401 📈
BLO2 @ 1.0388 ⏳
-SL @ 1.0340 🚫
SUPPORT LEVELS
1.0402 and 1.0388: Immediate support levels where price may bounce upward if tested.
1.0366: A critical level to watch. If the price drops below this, the bullish outlook weakens significantly.
RESISTANCE LEVELS
1.0440: The first major resistance zone. The price must break above this level to continue upward.
1.05214: Your target. This is a significant resistance area, with potential for profit-taking as it aligns with long-term technical factors.
OSCILLATORS (Momentum-Based Indicators)
RSI (49.25): Neutral.
This indicates the market is neither overbought nor oversold
This allows room for movement in either direction.
Momentum (10): Bullish. This suggests upward pressure, supporting your target of 1.05214.
MACD: Indicates a "Buy," confirming mild bullish momentum.
MOVING AVERAGES (Trend Indicators)
Short-Term MAs (10, 20 periods): Bullish.
These suggest the current uptrend has support for the next move.
Medium-Term MAs (50, 100 periods): Bearish.
These indicate resistance in the zone of 1.046–1.052.
Long-Term MAs (200 periods): Bearish.
Reinforces that 1.05214 is a significant resistance area.
KEY INDICATORS
Volume Weighted Moving Average (VWMA): "Buy" at 1.04036, showing bullish volume activity.
Ichimoku Base Line: Neutral at 1.03953, reflecting the consolidation phase.
ANTICIPATORY TREND to 1.05214
Clear Immediate Resistance at 1.0440
This level represents the first barrier to upward movement.
A breakout above 1.0440, confirmed by strong bullish candlesticks or increased volume, is essential for continuation.
CLOSE ABOVE Resistance at 1.046–1.048
This range aligns with medium-term moving averages.
Expect the price to slow down or consolidate here before pushing higher.
BREAKOUT to 1.05214
Once the price sustains above 1.048, the path to 1.05214 becomes more likely.
Be prepared to take profit or adjust positions, after a breakout
POSITION MANAGEMENT
Entry: If already in a position, hold and monitor the price’s interaction with 1.0440.
Adding to Position: Consider adding only after a confirmed breakout above 1.0440.
1.0440: Partial profit-taking is advised as this level represents significant resistance.
1.05214: Close or scale out the majority of your position as this is your final target.
Place a stop-loss below 1.0388 or 1.0366 to protect against downside risk.
Watch for invalidation signs like price rejection at 1.0440 or sustained movement below 1.0366.
EURUSD's downward channel weakens
On the hourly chart, EURUSD is in the downward adjustment stage of the downward channel. The price rebounded at 1.034, forming an ascending triangle structure. The short-term trend is strong. The upper 1.044 line is under pressure. If this position is adjusted and broken, the price will break through the downward channel and test 1.048 and 1.052 above. The short-term support of 1.038 below, if this position is broken, the triangle structure will break down and test 1.035 below.
Overall, EURUSD is still in the downward adjustment stage. If the downward channel is not broken, the trend is still bearish. In terms of operation, rebound shorting is the main method. When the market rebound triangle converges, the upper edge intersects with the upper edge of the downward channel. If the market is under pressure and weakens, you can participate in shorting. Reference position 1.044-1.046 area. Stop loss 1.048 is enough. Stop loss 1.048 is enough. Downward focus on 1.04, 1.038, 1.035.
Those who are cautious can wait for the price to break through the triangle convergence and then adjust to the pressure level before continuing to short.
EURUSD - Euro in the new year!The EURUSD currency pair is below the EMA200 and EMA50 in the 4-hour time frame and is moving in its downward channel. Maintaining the drawn upward trend line will lead to the continuation of the upward trend towards the top of the channel.
In the Eurozone, inflation, which peaked at 10.6% in 2022, has been steadily declining and has approached the European Central Bank’s 2% target since early this year. Economists at Vanguard have projected: “Amid weak economic growth, we expect both headline and core inflation to fall below 2% by the end of 2025.”
The OECD forecasts that the Eurozone’s annual growth will reach 0.8% this year and rise to 1.3% and 1.5% in 2025 and 2026, respectively. However, 2025 could present significant challenges for the Eurozone’s economic activities, particularly with the anticipated U.S. tariff policies.
Mastercard reported that total U.S. retail sales during this holiday season grew by 3.8%.Online shopping remained the preferred choice for consumers, experiencing a 6.7% growth compared to last year. Additionally, retail sales, excluding automobiles, increased by 3.8% from November to December 24 compared to the same period last year.
Inflationary risks in the U.S. remain prominent, partly influenced by President Trump’s proposed policies, particularly on tariffs and immigration. Consequently, consumer spending, a key driver of U.S. economic growth since the pandemic, might face challenges as trade policies affect the prices of imported goods, including apparel, vehicles, and steel.
According to the latest U.S. jobs report, the economy added 227,000 new jobs in November, while October’s job gains were revised to 36,000. The average monthly job growth in 2024 was approximately 180,000. Unemployment rose to 4.2% in November, exceeding expectations.
Despite this increase, the U.S. long-term unemployment rate remains historically low. Wage growth in November was consistent with October’s figures, showing a 0.4% monthly and annual increase, slightly above market expectations. Overall, the U.S. labor market is showing clear signs of easing contractionary pressures.
Silvercrest Asset Management Group analysts expect job growth to persist due to the high number of open positions. According to the latest JOLTS report, there were 7.74 million job openings in the U.S. as of October. While this is significantly lower than the 12 million openings during the pandemic, it remains above the typical 6-7 million range seen in the late 2010s.
In the Eurozone, the October employment report revealed a historically low unemployment rate of 6.3%. This indicates that the anticipated economic slowdown and hiring reductions have not yet significantly impacted labor market stability. Meanwhile, wage growth in the Eurozone reached a record high of 5.5% this year, potentially adding inflationary pressures.
Economists at Vanguard anticipate that, with Germany’s economic growth slowing sharply, the Eurozone’s unemployment rate will rise to above 6% by the end of 2025. Analysts at Goldman Sachs share this outlook, stating: “Given our forecast for weaker economic growth, we expect unemployment to rise next year, reaching 6.7% by early 2026. Additionally, we anticipate wage growth to decline to 3.2% by the end of Q4 2025, as wage adjustment trends conclude and the labor market softens.”
Could the Fiber bounce from here?The price is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 1.0335
Why we like it:
There is a pullback support level.
Stop loss: 1.0272
Why we like it:
There is a support level at the 61.8% Fibonacci projection.
Take profit: c
Why we like it:
There is an overlap resistance level.
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EURUSD Analysis==>>Pumping Soon!?EURUSD ( FX:EURUSD ) is currently moving near the Heavy Support zone($1.040-$1.022) , Potential Reversal Zone(PRZ) , and an Important Support line .
According to Elliott's wave theory , EURUSD is completing microwave 5 of the main wave 5 , so we should expect bullish waves soon .
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect EURUSD to rise to at least $1.049 AFTER the Downtrend line is broken , and if the Resistance zone($1.040-$1.022) is broken, we have to wait for further increases .
⚠️Note: If EURUSD breaks the Important Support line, we can also expect the break of the Heavy Support zone($1.040-$1.022).⚠️
Euro/U.S.Dollar Analyze (EURUSD), 4-hour Time frame ⏰.
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EURUSD Analysis And Next Market MovePair Name = EURUSD
Timeframe = 12H
Analysis = technical + fundamentals
Trend = Bullish
Pattern = Falling Wedge
Details :-
EURUSD is making the falling wedge pattern. We are waiting for breakout. After breakout. We can see 300 Pips + gain.
EUR is getting stronger that is pulling market to upside.
Target:-
1.11
1.12
EURUSD The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0394
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0463
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURUSD (Cycles)EURUSD Moving on the channel. I showed the cycles (about 4 year cycle). Need touch to resistance line of the channel (50-61.8% level fibonacci). After that, I must show the minimum of this cycle. Most likely it will be in 2018. This will be accompanied by a strong strengthening of the dollar
EURUSD is steadily falling
EURUSD is currently in the downward channel, and the price trend is showing a steady and volatile downward trend. Previously, the price briefly went sideways after touching the lower track support of the downward channel, further expanding the price space below and forming a relatively clear head and shoulders top breakout structure. The formation of this structure further confirms the short-term downward trend.
From the short-term trend, EURUSD has rebounded to a certain extent after breaking down, but the upward momentum is limited. The key resistance levels above are around 1.046 and 1.052, while the support below focuses on 1.033 and 1.030. In terms of the overall trend, EURUSD continues the steady downward trend, indicating that the market short-selling force is still dominant.
Based on the analysis of the current trend and key points, it is recommended to focus on rebound shorting, strictly set stop losses, and pay attention to the breakout of key resistance and support to cope with potential market volatility risks.
EUR/USD outlook December 24In light of the strong decline that occurred as a result of the Fed news, it is expected to fill this gap that fell more than 150 pips last week. In order for this to happen, the EUR/USD is expected to rebound from the 1.0365 level. This area will be good for the pair to rise to the order block at the 1.04660 level. What confirms this analysis is that there is a strong SMT on the GBPUSD, as it was able to break the low, but the Euro Dollar is still holding and couldn't break it, that's indicates this low is protected.
Quick technical idea on EURUSDWaiting for a breakout through one of my key areas to consider the next short-term directional move.
FX_IDC:EURUSD EASYMARKETS:EURUSD
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EURUSD Strategic Outlook 2025: 0.9000 end of year target🔸It's time to update the EURUSD outlook, this is weekly price chart, downtrend is well defined since 2012 and we recently got a strong rejection after distribution
🔸Based on technical outlook, EURUSD is set to hit 0.95 by summer 2025 and end the year at 0.9000. I don't see any upside beyond 1.05 in 2025.
🔸The key reason for further decline in EURUSD: Strong DXY, strong political leadership and weak political leadership in EU / weak economy. Below there is a summary of why EU zone is set to decline further based on fundies.
🔸Slow Economic Growth: The Eurozone has faced relatively sluggish economic growth compared to other regions. Factors like low productivity growth, weak domestic demand, and a high dependency on exports to slower-growing markets (such as China) contribute to this. Slow growth impacts investor sentiment and reduces the demand for the Euro.
🔸Demographic Issues: The Eurozone is dealing with an aging population, particularly in countries like Germany, Italy, and Spain. This demographic shift results in a shrinking labor force and increasing pressure on social services and pension systems, which weakens economic growth potential.
🔸High Energy Prices and Inflation: The Eurozone has been significantly impacted by energy price fluctuations, particularly following the geopolitical tensions related to Russia and Ukraine. High energy costs put a strain on businesses and consumers, eroding purchasing power and dampening economic activity. Additionally, inflation remains a challenge in many Eurozone countries, complicating the ECB's ability to stimulate growth without triggering further inflation.
🔸Geopolitical Tensions: The ongoing war in Ukraine, energy disruptions, and broader geopolitical risks have hurt European economies more severely than other regions. The Eurozone's reliance on Russian energy made it especially vulnerable to supply shocks, and the economic sanctions against Russia created ripple effects that continue to affect the region.
🔸Structural Issues in the Eurozone: The Eurozone faces structural challenges such as uneven economic conditions between member states, fiscal constraints (due to the Eurozone's common monetary policy), and a lack of fiscal unity. While Germany and France may have relatively strong economies, countries like Italy and Greece still struggle with high debt levels and low growth, which can drag down overall Eurozone performance.
🔸Tight Fiscal Policies: The EU's fiscal rules restrict how much debt individual member states can take on, which limits governments' ability to use fiscal stimulus to respond to crises. This can exacerbate economic stagnation and prevent the region from achieving sustainable growth.
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Fundamental Market Analysis for December 24, 2024 EURUSDIn the early Asian session on Tuesday, the EUR/USD exchange rate has been trading with small losses near 1.04000. This is due to expectations that the US Federal Reserve (Fed) will cut rates less frequently in 2025, which is providing some support to the dollar. Trading volumes are likely to be low ahead of the holiday trading week.
The resumption of the Fed's 'raise rates longer' policy will be a key factor in the final trading days of the year, which could provide significant upside for the US Dollar (USD).Last week, the U.S. central bank cut the benchmark interest rate by another quarter point, as per the latest quarterly schedule. The Fed committee has revised its expectations for rate cuts in 2025 and beyond. The Fed now forecasts a rate cut of just 50 basis points (bps), or two rate cuts, compared to four quarter-point cuts.Across the pond, the euro (EUR) is weakening amid rising bets for further rate cuts by the European Central Bank (ECB).ECB President Christine Lagarde said on Monday that the Eurozone is "very close" to meeting the medium-term inflation target set by the ECB, according to the Financial Times on Monday. She also stated that the central bank would consider further cuts to interest rates if inflation continues to fall towards the 2 percent target, as curbing growth is no longer necessary.
Trading recommendation: We follow the level of 1.04000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
EUR/USD weakens to near 1.0400 in a quiet trading sessionLet’s update the news and forecast the trend of the EUR/USD currency pair together!
The EUR/USD currency pair is primarily influenced by fundamental factors related to the monetary policies of the U.S. Federal Reserve (Fed) and the European Central Bank (ECB).
In the U.S., expectations that the Fed will scale back interest rate cuts in 2025 have somewhat supported the U.S. Dollar (USD). In its recent meeting, the Fed lowered the benchmark interest rate by 25 basis points but simultaneously eased expectations for further rate cuts in the future. This suggests that the Fed may maintain a tighter monetary policy and continue to apply higher interest rates for a longer period, which supports the strong trend of the USD.
On the other hand, in the Eurozone, the Euro (EUR) is under downward pressure due to expectations that the ECB will continue to reduce interest rates. ECB President Christine Lagarde stated that the Eurozone is now "very close" to the bank's medium-term inflation target. However, if inflation continues to fall, the ECB may need to further cut interest rates to stimulate growth, which would exert downward pressure on the Euro.
From a technical perspective, the EUR/USD is currently trading around the 1.0400 level, a key support level to watch. If this level is breached, the pair is likely to continue its downward trend, with the next support around the 1.0300 area.
Moreover, with trading volumes potentially low ahead of the holiday season, price movements may not be as strong. However, the fundamental factors, particularly the monetary policies of the Fed and ECB, will continue to be the dominant drivers shaping the long-term trend of this currency pair.