EURUSD Under Pressure! SELL!
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0566 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0523
Recommended Stop Loss - 1.0592
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-4
EUR/USD: Diverging Economic Realities Point to Further WeaknessEUR/USD: Diverging Economic Realities Point to Further Weakness
The EUR/USD currency pair faces mounting pressure as economic data and central bank commentary from both sides of the Atlantic paint contrasting pictures. With the year-end approaching, traders are navigating through a mix of historical trends, updated macroeconomic indicators, and shifting monetary policy expectations.
---
Eurozone: Fragility Persists
Industrial and Consumer Weakness
Germany's 1.5% MoM decline in industrial orders, though marginally better than expected, reflects ongoing struggles in Europe's largest economy. Additionally, retail sales in the Eurozone fell by 0.5% MoM, highlighting a weak consumer spending environment that continues to drag on growth prospects.
PMI and GDP Concerns
The Composite PMI edged up slightly to 48.3, but contraction persists, underscoring the broader economic challenges in the region. Italy's downward revision of GDP forecasts further dampens sentiment, increasing the likelihood of more accommodative measures from the European Central Bank (ECB).
ECB's Dovish Tilt
ECB policymakers, including Robert Holzmann, have signaled a potential rate cut in December, reflecting a shift towards easing amid the Eurozone's persistent economic struggles. However, political instability, such as France's no-confidence vote against President Macron, adds another layer of uncertainty to the region's economic outlook.
---
United States: Resilience Amid Inflation Challenges
Economic and Labor Market Data
The U.S. economy continues to show signs of resilience. Durable goods orders rose 0.3% and construction spending increased by 0.4%, aligning with expectations. Despite a slight drop in the ISM Services PMI to 52.1, the economy remains in expansion mode.
The labor market also remains a pillar of strength:
- Nonfarm Payrolls: 227k (forecast: 220k, previous: 12k, revised: 36k).
- Unemployment Rate: 4.2% (forecast: 4.1%, previous: 4.1%).
- Average Earnings YoY: 4.0% (forecast: 3.9%, previous: 4.0%).
While layoffs have ticked up slightly, strong payroll growth and stable wages suggest continued labor market robustness, albeit with signs of gradual cooling.
Fed's Monetary Policy Path
Fed officials, including John Williams and Mary Daly, have hinted at potential rate cuts in 2024, but progress on inflation appears to have stalled, as noted by Fed Governor Michelle Bowman. Market sentiment is shifting rapidly—traders now see an 85% probability of a Fed rate cut this month, up from 67% before the November jobs report.
Short-term interest-rate futures have surged, reflecting growing expectations of a dovish pivot. However, the Fed remains cautious, balancing inflationary risks with economic stability.
---
Inflation and Consumer Sentiment
The University of Michigan's latest data reinforces the U.S. economy's resilience:
- 1-Year Inflation Expectations: 2.9% (forecast: 2.7%, previous: 2.6%).
- Consumer Sentiment Prelim: 74.0 (forecast: 73.2, previous: 71.8).
Elevated inflation expectations and improving consumer sentiment contrast with the Eurozone's gloomy outlook, further strengthening the dollar's appeal.
---
EUR/USD Outlook: Bearish Bias Remains Intact
Despite historical trends that favor the euro in December, the current economic backdrop presents significant challenges for sustained appreciation. Weak Eurozone data and a dovish ECB stand in stark contrast to the U.S. economy's relative stability and the Fed's measured approach.
Key Factors Driving EUR/USD:
1. Diverging Data: Strong U.S. labor and inflation figures versus weak Eurozone performance.
2. Monetary Policy: Fed's cautious flexibility versus ECB's dovish signals.
3. Sentiment Shift: Rising probability of U.S. rate cuts but with a stronger baseline economy.
While seasonal trends may provide temporary relief for the euro, the broader trajectory points downward. Traders should focus on macroeconomic developments and central bank guidance as the primary drivers for the pair in the coming weeks. The euro's path to recovery remains steep, with the U.S. dollar maintaining the upper hand in the current environment.
XAUUSD ON THE MOVEAfter make such a sudden hard uptrend, Gold seems ready to come down again ;
in a liquidity slow pattern this time, as it seems to have already started yesterday ;
just like BTC, gold sometimes like to come back where it started but in a slow way compared to the huge candlebox it just did ;
so this seems like a plunging pattern looking at aiming for 2550s.
US100/NASDAQ GOING UPAfter a long uptrend which we could not wait would stop, seems like yesterday's move set the tone for next days ;
it seems thanks to Trump that it is going up for real in a super bullish trend that wants to break 22K ;
and as BTC just blew 102-103K, we never know what could happen.
More precisely, this seems like a triangle pattern which will either make the price fall hard or keep going up smoothly, which seems more accurate now.
EURUSD Start?Based on the data, it seems that the Euro will regain its strength and rise in the coming days. There is only one scenario, which is an upward movement. As for the upward move, it will either drop to the yearly low to draw liquidity and then rise, or it has already sufficed with the current level and will continue its ascent without needing additional liquidity.
EURUSDEURUSD price is in a correction phase. Currently, the price is near the support zone 1.04533-1.03578. If the price cannot break through 1.03578, it is expected that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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EUR/USD: Diverging Economic Realities Point to Further WeaknessEUR/USD: Diverging Economic Realities Point to Further Weakness
The EUR/USD currency pair faces mounting pressure as economic data and central bank commentary from both sides of the Atlantic paint contrasting pictures. With the year-end approaching, traders are navigating through a mix of historical trends, updated macroeconomic indicators, and shifting monetary policy expectations.
---
Eurozone: Fragility Persists
Industrial and Consumer Weakness
Germany's 1.5% MoM decline in industrial orders, though marginally better than expected, reflects ongoing struggles in Europe's largest economy. Additionally, retail sales in the Eurozone fell by 0.5% MoM, highlighting a weak consumer spending environment that continues to drag on growth prospects.
PMI and GDP Concerns
The Composite PMI edged up slightly to 48.3, but contraction persists, underscoring the broader economic challenges in the region. Italy's downward revision of GDP forecasts further dampens sentiment, increasing the likelihood of more accommodative measures from the European Central Bank (ECB).
ECB's Dovish Tilt
ECB policymakers, including Robert Holzmann, have signaled a potential rate cut in December, reflecting a shift towards easing amid the Eurozone's persistent economic struggles. However, political instability, such as France's no-confidence vote against President Macron, adds another layer of uncertainty to the region's economic outlook.
---
United States: Resilience Amid Inflation Challenges
Economic and Labor Market Data
The U.S. economy continues to show signs of resilience. Durable goods orders rose 0.3% and construction spending increased by 0.4%, aligning with expectations. Despite a slight drop in the ISM Services PMI to 52.1, the economy remains in expansion mode.
The labor market also remains a pillar of strength:
- Nonfarm Payrolls: 227k (forecast: 220k, previous: 12k, revised: 36k).
- Unemployment Rate: 4.2% (forecast: 4.1%, previous: 4.1%).
- Average Earnings YoY: 4.0% (forecast: 3.9%, previous: 4.0%).
While layoffs have ticked up slightly, strong payroll growth and stable wages suggest continued labor market robustness, albeit with signs of gradual cooling.
Fed's Monetary Policy Path
Fed officials, including John Williams and Mary Daly, have hinted at potential rate cuts in 2024, but progress on inflation appears to have stalled, as noted by Fed Governor Michelle Bowman. Market sentiment is shifting rapidly—traders now see an 85% probability of a Fed rate cut this month, up from 67% before the November jobs report.
Short-term interest-rate futures have surged, reflecting growing expectations of a dovish pivot. However, the Fed remains cautious, balancing inflationary risks with economic stability.
---
Inflation and Consumer Sentiment
The University of Michigan's latest data reinforces the U.S. economy's resilience:
- 1-Year Inflation Expectations: 2.9% (forecast: 2.7%, previous: 2.6%).
- Consumer Sentiment Prelim: 74.0 (forecast: 73.2, previous: 71.8).
Elevated inflation expectations and improving consumer sentiment contrast with the Eurozone's gloomy outlook, further strengthening the dollar's appeal.
---
EUR/USD Outlook: Bearish Bias Remains Intact
Despite historical trends that favor the euro in December, the current economic backdrop presents significant challenges for sustained appreciation. Weak Eurozone data and a dovish ECB stand in stark contrast to the U.S. economy's relative stability and the Fed's measured approach.
Key Factors Driving EUR/USD:
1. Diverging Data: Strong U.S. labor and inflation figures versus weak Eurozone performance.
2. Monetary Policy: Fed's cautious flexibility versus ECB's dovish signals.
3. Sentiment Shift: Rising probability of U.S. rate cuts but with a stronger baseline economy.
While seasonal trends may provide temporary relief for the euro, the broader trajectory points downward. Traders should focus on macroeconomic developments and central bank guidance as the primary drivers for the pair in the coming weeks. The euro's path to recovery remains steep, with the U.S. dollar maintaining the upper hand in the current environment.
Weekly Forex Forecast: EURUSD May Pullback This Week!EUR Futures has printed a bullish Inside Bar on the Weekly TF. This potentially shows a shift in the market from a bearish to bullish bias. A pullback may be starting. This makes sense, as price has traded through the Swing Low, and a significant retracement is a bit overdue.
Check the comments section below for updates regarding this analysis throughout the week.
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May profits be upon you.
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EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.06800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.06800 support and resistance area.
Trade safe, Joe.
EUR/USD: Diverging Economic Realities Point to Further WeaknessEUR/USD: Diverging Economic Realities Point to Further Weakness
The EUR/USD currency pair faces mounting pressure as economic data and central bank commentary from both sides of the Atlantic paint contrasting pictures. With the year-end approaching, traders are navigating through a mix of historical trends, updated macroeconomic indicators, and shifting monetary policy expectations.
---
Eurozone: Fragility Persists
Industrial and Consumer Weakness
Germany's 1.5% MoM decline in industrial orders, though marginally better than expected, reflects ongoing struggles in Europe's largest economy. Additionally, retail sales in the Eurozone fell by 0.5% MoM, highlighting a weak consumer spending environment that continues to drag on growth prospects.
PMI and GDP Concerns
The Composite PMI edged up slightly to 48.3, but contraction persists, underscoring the broader economic challenges in the region. Italy's downward revision of GDP forecasts further dampens sentiment, increasing the likelihood of more accommodative measures from the European Central Bank (ECB).
ECB's Dovish Tilt
ECB policymakers, including Robert Holzmann, have signaled a potential rate cut in December, reflecting a shift towards easing amid the Eurozone's persistent economic struggles. However, political instability, such as France's no-confidence vote against President Macron, adds another layer of uncertainty to the region's economic outlook.
---
United States: Resilience Amid Inflation Challenges
Economic and Labor Market Data
The U.S. economy continues to show signs of resilience. Durable goods orders rose 0.3% and construction spending increased by 0.4%, aligning with expectations. Despite a slight drop in the ISM Services PMI to 52.1, the economy remains in expansion mode.
The labor market also remains a pillar of strength :
- Nonfarm Payrolls: 227k (forecast: 220k, previous: 12k, revised: 36k).
- Unemployment Rate: 4.2% (forecast: 4.1%, previous: 4.1%).
- Average Earnings YoY: 4.0% (forecast: 3.9%, previous: 4.0%).
While layoffs have ticked up slightly, strong payroll growth and stable wages suggest continued labor market robustness, albeit with signs of gradual cooling.
Fed's Monetary Policy Path
Fed officials, including John Williams and Mary Daly, have hinted at potential rate cuts in 2024, but progress on inflation appears to have stalled, as noted by Fed Governor Michelle Bowman. Market sentiment is shifting rapidly—traders now see an 85% probability of a Fed rate cut this month, up from 67% before the November jobs report.
Short-term interest-rate futures have surged, reflecting growing expectations of a dovish pivot. However, the Fed remains cautious, balancing inflationary risks with economic stability.
---
Inflation and Consumer Sentiment
The University of Michigan's latest data reinforces the U.S. economy's resilience:
- 1-Year Inflation Expectations: 2.9% (forecast: 2.7%, previous: 2.6%).
- Consumer Sentiment Prelim: 74.0 (forecast: 73.2, previous: 71.8).
Elevated inflation expectations and improving consumer sentiment contrast with the Eurozone's gloomy outlook, further strengthening the dollar's appeal.
---
EUR/USD Outlook: Bearish Bias Remains Intact
Despite historical trends that favor the euro in December, the current economic backdrop presents significant challenges for sustained appreciation. Weak Eurozone data and a dovish ECB stand in stark contrast to the U.S. economy's relative stability and the Fed's measured approach.
Key Factors Driving EUR/USD:
1. Diverging Data: Strong U.S. labor and inflation figures versus weak Eurozone performance.
2. Monetary Policy: Fed's cautious flexibility versus ECB's dovish signals.
3. Sentiment Shift: Rising probability of U.S. rate cuts but with a stronger baseline economy.
While seasonal trends may provide temporary relief for the euro, the broader trajectory points downward. Traders should focus on macroeconomic developments and central bank guidance as the primary drivers for the pair in the coming weeks. The euro's path to recovery remains steep, with the U.S. dollar maintaining the upper hand in the current environment.
The Silent Cost of FOMO Trades: What Your Anxiety Is SayingLast Thursday, I watched my 8-year-old nephew at a birthday party, desperately trying to play with every toy, eat every snack, and join every game simultaneously. He ended up in tears, overwhelmed and exhausted, having fully enjoyed none of them. Looking at my trading journal that evening, I had to laugh - I'd done exactly the same thing in the markets that day.
The FOMO Frenzy
You know that feeling - EUR/USD is climbing, GBP/JPY is breaking out, and USD/CAD is testing support. Your heart races. Your palms sweat. Suddenly you've got positions in all three pairs, and your mind is spinning like a circus juggler with too many balls in the air.
What Your Anxiety Is Really Saying
That knot in your stomach? It's not just stress - it's your internal risk manager throwing up red flags. Think of anxiety like your car's check engine light. Most people try to ignore it or put tape over it. But what if that warning light is actually your most valuable trading tool?
The Real Cost (It's Not Just Money)
Last month, I lost 4% of my account in a single day chasing trades. But the real cost wasn't the money - it was:
Three sleepless nights
Snapping at my wife over breakfast
Missing my kid's soccer game because I was glued to charts
Taking twice as long to recover my confidence
The Birthday Party Strategy
Now I treat my trading like I wish my nephew had handled that birthday party. Pick one game. Enjoy it fully. Then, if it makes sense, move to the next one. In trading terms:
One trade at a time
Full focus on that setup
Clear exit plan
]No peeking at other pairs until this trade is managed
Your Brain on FOMO
Here's what happens when FOMO kicks in - your brain floods with dopamine, the same chemical that makes my nephew grab three cupcakes at once. Your prefrontal cortex (the rational part) gets overwhelmed by your limbic system (the emotional part). Suddenly you're trading like a sugar-rushed 8-year-old.
The Solution: Your Personal FOMO Filter
I've taped a note to my monitor that asks:
"If this were the only trade you could take this month, would you take it?"
It's amazing how quickly FOMO evaporates when you frame it that way. I went from taking 15-20 trades per week to 2-5, and my profit has doubled.
Your Next Step
FIf you find yourself battling FOMO, try this: Each time you feel the urge to place a trade, wait 5 minutes. Just 5 minutes. Write down what you're feeling. You'll be amazed at how many FOMO trades never make it past this 5-minute filter.
Remember, the market is like an endless birthday party - it'll be there tomorrow, next week, and next year. You don't have to play every game or eat every cupcake today.
Cheers to your success,
Gio
Euro rally ends, Eurozone GDP expected to accelerateThe euro is steady on Friday after jumping 0.7% a day earlier. In the European session, EUR/USD is trading at 1.0581, down 0.06% at the time of writing.
The eurozone wraps up the week with the GDP and job growth reports and the market is expecting an improvement. Third-quarter GDP is expected to improve to 0.4% q/q from o.2% in the second quarter. Job growth if forecast to tick upwards to 0.2% q/q, up from 0.1% in Q2.
In France, the political chaos continues. A no-confidence vote passed this week and has left the country without a functioning government. Prime Minister Michel Barnier resigned on Thursday after just three months in office. President Emmanuel Macron said he will name a new prime minister shortly but the political crisis could push up French interest rates and the country's large debt.
Germany, once the powerful locomotive of the eurozone, has faltered badly and has hampered growth in the eurozone. This week's German manufacturing data was dismal. The Manufacturing PMI remains mired in contraction and was unchanged at 43.0 in November. Factory orders for October declined by 1.5% after a 7.2% gain a month earlier. On Friday, industrial production fell 1% in October, after a 2% decline in September and shy of the market estimate of 1.2%.
The German Services PMI slipped into contraction in November and there is political instability, as the coalition German government collapsed in November. A snap election has been scheduled for Feb. 23, 2025.
The US wraps up the week with the nonfarm payroll report. With inflation largely contained, the employment growth is once again a key release can move the US dollar. The November report is expected to rise to a respectable 200 thousand, after a weak gain of 12 thousand in October, which was driven downwards by hurricanes and work stoppages at Boeing.
EUR/USD faces resistance at 1.0615 and 1.0644
1.0562 and 1.0533 are providing support
Dollar Index Alert: Reversal Pattern Emerging – Learn MoreLuckily, I spotted a classic reversal pattern right on the edge of triggering.
The combination of three peaks, with the tallest in the middle, has formed a Head & Shoulders chart pattern on the Dollar Index futures daily chart.
The right shoulder is almost complete, and the bearish trigger will be activated if the price breaks below the Neckline (the line connecting the valleys of the Head), which sits under 105.30.
The target is calculated by subtracting the height of the Head from the Neckline breakdown point, giving us a target around 103.10.
The RSI indicator is also on the edge. Watch for a breakdown here as additional confirmation.
EUR/USD Remains Cautious: Traders Await US Payrolls DataThe EUR/USD currency pair remains cautious as it trades below the 1.0600 level during the European session on Friday, just shy of a previous resistance zone. The US Dollar is maintaining its stability, supported by profit-taking and a subdued risk appetite among investors. Market participants are hesitant to commit to new positions ahead of the pivotal US Nonfarm Payrolls report, which includes key indicators such as Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate. The day's events are significant and will likely influence the direction of the DXY index as we approach the new week.
From a technical perspective, the price remains under the 1.0600 resistance level. The latest Commitment of Traders (COT) report indicates a shift in retailer positioning towards a bullish sentiment, while non-commercial traders continue to display a bearish outlook.
Currently, we are refraining from taking any positions. However, we maintain a bearish bias and anticipate a potential decline that could retest the 1.0400 zone or even extend lower.
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XAUUSD H1 Short From S/R TP BEARS 2565 USD🔸Hello traders, today let's review 1hour price chart for gold. Recently
price action compressed into rising wedge and then broke down
currently re-test of breakdown zone in progress.
🔸Strong resistances at 2655/2665 USD, shorting from resistance
is the recommended strategy right now, limited upside.
🔸Recommended strategy bears: short sell from overhead resistances near 2655/65 SL 2675 USD TP1 2600 TP2 2565 usd. usd fixed stop loss for this entry at 2675 usd, swing trade setup may take more time to hit target. good luck traders!
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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.
Hellena | EUR/USD (4H): Long to Resistance area 1.06197.Colleagues, Price closed the gap and now I believe that wave “C” is almost over or already over.
Therefore, I think that we should look only at long positions with the aim to reach the area of 1.06197.
There are 2 possible scenarios:
1) Wave “C” is finally formed and the price will continue the upward movement. (More risky market entry)
2) The price will still make a small movement to the nearest minimum and here I would recommend placing pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Fundamental Market Analysis for December 06, 2024 EURUSDEUR/USD is declining to 1.0575 at the start of the European session on Friday. Concerns over US tariffs on European goods and rising bets on interest rate cuts by the European Central Bank (ECB) are weighing on the Euro against the US Dollar. This Friday, the US Non-Farm Payrolls (NFP) data will take center stage.
The single currency remains on the defensive as traders are concerned about potential tariff policies on all goods imported into the US, which could undermine the Eurozone economy. In addition, the ECB is widely expected to cut the interest rate at its last monetary policy meeting of the year. All but two of the 75 economists surveyed believe the ECB will cut the deposit rate by 25 basis points (bps) on Dec. 12.
On Thursday, French President Emmanuel Macron said he would appoint a new prime minister in the coming days, with the top priority being parliament's passage of the 2025 budget. Any signs of political uncertainty in France could contribute to the euro's decline.
Abroad, the expectation that the Federal Reserve (Fed) will reduce borrowing costs at its December meeting could put pressure on the dollar and limit EUR/USD's decline. Markets now estimate the probability that the central bank will cut rates by a quarter point at its December 17-18 meeting at 70.1%.
Trade recommendation: Watch the level of 1.0570, when fixing below consider Sell positions, when rebounding consider Buy positions.
EURUSD - 4hrs ( buy Trade Target Range 200 PIP ) Pair Name :EUR/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Long )
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Bullish Break
1.05850 Area
Reasons
- Major Turn level
- visible range Hvn
- Pattern Break
- CHoch Zone
- Fixed Range Hvn
Bearish Reversal
1.08600 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range Hvn
- Pattern upper Band
- Choch Zone
EURUSD - 3 Tops Pointing For A RejectionEURUSD has completed the Bullish move as highlighted in previous analysis and despite 3rd attempt, failed to break the resistance. If we have a 3rd Top on 4H, we may see a strong rejection which could open lower levels.
For Bulls to cotinue, they must have a sustained break above the resistance.
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.
Euro can make retest of support line and then continue move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago started to decline inside the range, where it in a short time fell to the resistance level, which coincided with the seller zone with the bottom part of the range. Next, the price turned around and quickly rose to the top part of the range, making a first gap, after which turned around and made impulse down, thereby exiting from the range and breaking the 1.0760 level. Then the price tried to back up, but it made a fake breakout of 1.0760 level and then continued to fall inside the downward pennant. Later, the Euro fell to the support level, which coincided with the buyer zone and broke it too, after which declined to support line of the pennant. Then the price made an upward impulse, thereby making a second gap, after which broke the 1.0480 level one more time and continued to move up. Some time later Euro reached the resistance line of the pennant, after which made a correction to the support level, but a not long time ago it rebounded up, thereby exiting from the pennant pattern. Now I think that the Euro can make a retest, after exiting from the pennant and then continue to move up. For this reason, I set my TP at 1.0680 points. Please share this idea with your friends and click Boost 🚀