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Eurusd-4

#EUR/USD 1DAYEUR/USD DAILY On the daily chart of EUR/USD, we observe a bearish pattern forming, suggesting potential downward momentum in the near term. The price has been consistently testing a key support level around 1.10400 (specific level based on the chart), where buyers are struggling to maintain control. This support zone may break under strong selling pressure, leading to a continuation of the downtrend. Key indicators such as moving averages or oscillators might also signal weakening momentum, providing further confirmation of a **sell** forecast. Traders are advised to watch for a decisive break below the support level, as this would signal an opportunity to enter short positions, Forecast: Sell Key support** level: 1.10400 Potential downside targets**: 1.0900, 1.0800 & 1.0700
Short
by PIPSFIGHTER
EURUSD: anticipating ECB rate cutThe US inflation data for September was published during the previous week. Inflation on a monthly basis was higher by 0,2%, a bit hotter from market estimate of 0,1%. Inflation reached 2,4% on a yearly basis, again by 0,1% higher from the market estimate. At the same time, core inflation remained elevated, reaching 0,3% for the month, and 3,3% compared to the previous year. The Producers Price Index remained flat at 0% in September, bringing the index to the level of 1,8% for the year. The Michigan Consumer Sentiment preliminary for October reached the level of 68,9 which was a bit lower from the market estimate of 70,8. The five year inflation expectations were decreased in September to the level of 3%, from 3,1% posted for the previous month. Factory orders in Germany were down by -5,8% in August, which was higher from market forecast of -2,0%. At the same time, the industrial production in Germany was higher by 2,9% in August, higher from market consensus of 1,0%. Germany's balance of trade reached Eur 22,5B in August, which was higher from market expectation of Eur 19,0B. Retail Sales in the Euro Zone were higher by 0,2% in August for the month, which was in line with market expectations. Retail Sales were higher by 0,8% for the year. The US inflation data were the main trigger for the eurusd currency pair to push the USD to the higher grounds, for another week in a row. The currency pair started the week around the level of 1,097 and moved to the lower grounds, testing the 1,09 level. Still the currency pair is ending the week at 1,0937. The RSI indicator reached the level of 35 at Friday's trading session, but the clear oversold market side has not been reached. This leaves some space for the currency pair to test modestly lower grounds, from where a short term reversal will start. Moving average of 50 days continues to diverge from MA200, in which sense, there is no indication that the cross might occur anytime soon. The ECB meeting is scheduled for the week ahead, as well as the EURO interest rate decision. As per Reuters poll, the current market sentiment is on the side that the ECB will cut both in October and December by 25 bps. More than 90% of participants in the Reuters poll were of this opinion. However, it should be considered that regardless of the market opinion, the most important is ECB members opinion. In case of some surprises by the ECB at their meeting which will be held on October 17th, the market reaction could be stronger and bring some higher volatility to the eurusd currency pair. As per current charts, there is only a small space for testing the downside, at least to the level of 1,088, from where the short reversal might start. Charts are pointing to the potential for resistance at 1,10 to be tested in the coming period. Important news to watch during the week ahead are: EUR: Industrial Production in the Euro Zone in August, ZEW Economic Sentiment Index for the Euro zone for October, EuroZone inflation rate final for September, ECB Interest Rate decision, USD: Retail Sales in September, Industrial Production in September, Building Permits preliminary in September
by XBTFX
BULLRUN FOR EURO 2024📣 Hello everyone! I believe that the former bull market of the EURUSD currency pair will last until the end of 2024, probably the top will be formed in the first quarter of 2025. TA: After a long consolidation, the “Diamond” is broken upward; in rare cases, when it breaks upward, this bearish pattern can act as a trend continuation figure. Fundamentally: The Fed will move to lower interest rates in September, we will probably see 2-3 cuts at subsequent FOMC meetings, which will put bearish pressure on the US dollar (DXY) and will be a tailwind for the EURUSD currency pair ______________________________________________________ 🎯 Intermediate target 1.18$, final target 1.22 ______________________________________________________ ⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head! Goodbye! ✊
Long
by AnonymousTraderAcademy
2
Top Down Analysis 101: Getting started📖 Forex Top-Down Technical Analysis 🔸Top-down technical analysis is a method used by traders to examine the Forex market starting from higher time frames and gradually zooming into smaller ones. 🔸This approach helps traders get a comprehensive view of the market, starting from the broader trend on long-term charts and then analyzing intermediate and short-term charts to find precise entry and exit points. 📩 Here’s a step-by-step breakdown of how top-down analysis works in Forex trading: 1. Start with Higher Time Frames 🔸Begin by analyzing the market on the higher time frames to understand the dominant trend. Typically, traders start from the Monthly (M), Weekly (W), or Daily (D) charts. 🔸Monthly Time Frame: The monthly chart provides a bird’s-eye view of long-term trends and key levels of support/resistance. You can observe the major direction of the market, whether it is trending up, down, or moving sideways. This is where traders establish the broader market context. 🔸Weekly Time Frame: Moving down to the weekly chart helps to refine the broader trend you’ve identified on the monthly chart. It reveals more intermediate levels of support and resistance, trend lines, and key price action patterns that can influence the market over a few weeks. 🔸Daily Time Frame: The daily chart helps traders zoom in further to find relevant market structures, patterns, and price movements. It also helps you evaluate the short-term trend while keeping the long-term trend in mind. 📩At this stage, traders may look for things like: 🔸Trend Direction: Is the market in an uptrend, downtrend, or range-bound (consolidation)? 🔸Support and Resistance Levels: Key horizontal levels where price has previously reacted. 🔸Price Action Patterns: Candlestick patterns (e.g., engulfing patterns, pin bars) that indicate potential reversals or continuations. 2. Analyze Intermediate Time Frames 🔸After understanding the overall trend on the higher time frames, move to intermediate time frames like the 4-Hour (H4) or 1-Hour (H1) charts. These time frames give you a clearer picture of more recent price action and finer details for your analysis. 🔸Identify the Current Market Structure: Look for things like the formation of higher highs and higher lows (indicating an uptrend) or lower highs and lower lows (indicating a downtrend). 🔸Find Consolidation Areas or Breakouts: These time frames are useful for spotting breakouts or consolidations that may indicate the start of a new move. 🔸Refine Support/Resistance Zones: Draw closer support/resistance levels that are relevant to the current price action. 🔸This step helps you align your understanding of the intermediate trend with the higher time frame trend. 🎁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.
Education
by ProjectSyndicate
15
EUR/USD Shorts from 1.09600 back down This week’s EUR/USD (EU) outlook is quite similar to my GU analysis, with the market continuing its bearish trend. I’ll be waiting for price to retrace back to the 16-hour supply zone, where I’ll look for entry opportunities on the lower time frames. My target will be around the demand zone I've marked, which is near some liquidity. Depending on the confluences, I may consider a temporary counter-trend buy, but we’ll see which point of interest (POI) price reacts to first. Confluences for EU Sells: Structure Break: Price has broken to the downside, leaving a clear supply zone. Bearish Market Structure: Overall market structure remains bearish, supporting this pro-trend idea. Bullish DXY: The dollar (DXY) is gaining strength again, increasing the likelihood of stronger bearish pressure on EU. Liquidity: Significant downside liquidity in the form of swing lows and engineered liquidity. P.S. If price breaks through my supply zone and fills the imbalance above, I’ll shift my focus to the 15-hour supply zone to evaluate further sell opportunities.
Short
by Hassan_fx
EURUSD Massive Long! BUY! My dear subscribers, My technical analysis for EURUSD is below: The price is coiling around a solid key level - 1.0935 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1007 My Stop Loss - 1.0895 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/USD - Double Top Indicates Potential Reversalhello guys. Formation of Double Top: The EUR/USD has created a clear double top around the 1.1250 level, signaling potential exhaustion in the bullish trend. Breakdown and Retest: The price has broken below the key support zone near 1.1000, now acting as resistance, where sellers may enter the market. A possible short-term retest of the entry zone (1.1000 - 1.1020) is expected before a continued decline. Target Area: The projected target for this downtrend lies in the 1.0780 - 1.0820 support zone, marked in purple, where buyers might re-emerge. Channel Support: The long-term ascending channel provides additional confluence near the target zone, acting as a potential support area for reversal or consolidation.
Short
by melikatrader94
9
EUR/USD: Strong U.S. Data Signals Possible Reversal AheadAs per my market review, I predict that the uptrend of the EUR/USD currency pair is about to be broken (a significant reversal) and so it is likely to decline, especially due to strong U.S. fundamentals. The weekly sweep shows that the price is in a consolidation phase; however, the market has not been able to overcome the resistance zone despite various attempts. Right now, the pair is approaching the low of the previous week, as well as closing a weekly candlestick at the bottom, which increases the risks of further downward movement. The levels of support stand at 1.0949 and 1.0900, with resistances located at 1.1000, 1.1010, and 1.1050. There now remains the question of whether or not the price will close below the 1.0949 support level and if that happens, a deeper move is expected to follow. One extreme scenario is that it is possible to expect a pullback to 1.100 before the bears resume the trend.
Short
by Elysian_Mind
HelenP. I Euro can rise to resistance zone and then rebound downHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price entered to upward channel, where at once broke resistance 2 and dropped to the support line of the channel. Then price turned around and rose to resistance 2, broke it, and some time traded in the resistance zone, after which rebounded and grew to almost the resistance line of the channel. Euro continued to move up inside the upward channel until it reached the trend line, after which turned around and started to decline. In a short time, the price exited from the upward channel, and then it fell to resistance 2 and broke it. Some time traded below this level, EUR continued to move down and reached resistance 1, which coincided with one more resistance zone. Price some time traded in this area and later broke resistance 1 and fell below, but a not long time ago it rose to the trend line, and then rebounded down. So, in my mind, EURUSD will grow to a resistance zone and then continue to decline, breaking the trend line again. That's why I set my goal at 1.0840 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Euro can break support level and continue to declineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to pennant, where it at once made an upward impulse from the support line to the support level, which coincided with the support area. Then it rose higher than the 1.0930 level, but soon fell back to the support area, where some time traded and then finally broke the 1.0930 level. Next, EUR continued to move up to the resistance level, which coincided with the seller zone, and even broke it and reached the resistance line of the pennant. But after this, the price turned around and in a short time declined to support line of this pattern, breaking the 1.1105 level again. Later, EUR quickly rose back to the resistance line, but soon turned around and made an impulse down to the 1.0930 support level, thereby exiting from the pennant and breaking the resistance level one more time. Also recently, the price rebounded from the support level and started to grow. For this case, I think that the EUR can rise a little more and then break the support level and continue to decline. That's why I set my TP at 1.0850 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
EURO - Price can grow to resistance area and then continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat. In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area. Also, EUR entered to this area, but soon turned around and made correction movement to $1.1005 level. Then price made upward impulse resistance area, which coincided with top part of flat, but soon started to decline. Euro made fake breakout of $1.1175 level and fell near resistance line, exiting from flat and breaking $1.1005 level too. In my mind, price can grow to resistance area and then it bounce down to $1.0850 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
XAU/USD : CPI is Coming, More Bullish Move ? (READ THE CAPTION)By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the forecasted rate, I anticipate an upward movement in price to fill the liquidity void mentioned in the previous analysis. Based on the previous analysis, the key supply zones remain as follows: $2,625, $2,636.6, $2,646, and $2,655 to $2,660. I hope you make the most out of this analysis! 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
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
27
Dollar rally slows after jobless claims; EURUSD ready to rise?EUR/USD has just touched a key support zone on the daily chart between 1.0900 and 1.0950, an area that previously acted as resistance in March and July 2024 but now appears to be turning into support. Yesterday’s candle formed a long lower shadow, signaling a possible rejection of selling pressure and a hint of buying strength. Additionally, the 1.0950 level aligns with the 61.8% bullish Fibonacci retracement on the daily chart, further reinforcing the potential for support. A little further down, the 200-day Simple Moving Average (SMA) appears to be strengthening the whole area and increasing the possibility of it working as a support level. Several factors are currently converging around the 1.0950 mark: 1. EUR/USD is in a former resistance area, which now appears to be functioning as support on the daily chart. 2. The 61.8% Fibonacci bullish level is present at 1.0950. 3. The 200-day SMA adds strength to the support zone. 4. A daily candle with a long lower shadow suggests initial buying strength. Higher-than-expected US inflation data leads to short-term strength in USD, fades after jobless claims From a macroeconomic perspective, the release of CPI data in the US, which came in higher than expected, initially boosted the US dollar at the start of the trading session. However, optimism about the dollar faded by the end of the day, causing the price to retrace and leave a long shadow on the daily candle. This shift was driven by higher-than-expected Initial Jobless Claims (258,000 actual vs. 231,000 forecast), reminding investors that the Federal Reserve is balancing two objectives: controlling inflation while protecting the labour market. As a result, despite higher inflation, the Fed may remain lenient to support job growth in the short term. Based on these factors, if EURUSD manages to break above the 1.0960 level, it may rise to 1.1010 and 1.1090 over the next few days. Alternatively, if EURUSD breaks below 1.0890, it could fall to 1.0775, where a significant support area is likely to be found. 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
EUR/USD:US Jobless Claims Surge - Analysis.US Jobless Claims Surge, EUR/USD Rebounds Amid Mixed Market Sentiment The latest U.S. Initial Jobless Claims for the week ending October 4 unexpectedly rose, reaching 258,000—marking the highest level of new jobless benefit seekers since June 2023. This spike has captured the attention of market participants, as it hints at rising unemployment pressures in the U.S. labor market, adding a new layer of uncertainty to the Federal Reserve's future rate policy. While these higher-than-expected claims suggest some softening in the labor market, the Fed’s battle against inflation continues, leaving investors split on the timing and scale of any rate cuts. In line with our analysis from yesterday, we anticipated a possible bullish impulse for the EUR/USD, which has materialized as expected. The pair rebounded slightly from a key demand area, with the current outlook pointing to a potential retest of the 1.1000 level or slightly above, touching the supply zone. However, given the mixed signals in the macroeconomic environment, we are not taking any positions at the moment, opting to wait for a clearer scenario to emerge before making any trade decisions. The Complex Rate Environment Thursday’s data, which revealed rising unemployment figures alongside persistent inflation concerns, has muddied the outlook for the Fed’s next move. On one hand, the higher jobless claims have fueled speculation that the Fed might lean toward rate cuts in the near future, aiming to provide relief to the labor market. On the other hand, inflation remains a key challenge, tempering expectations for any aggressive or immediate policy shifts. The juxtaposition of these factors has left rate markets in flux, with traders caught between hopes of a dovish pivot and the reality of persistent price pressures. This uncertainty extends to the broader financial markets, as investors attempt to gauge how these competing narratives will affect currency flows. The U.S. dollar (USD), as a result, remains a focal point for traders, with the Greenback's movement largely driven by fluctuations in rate expectations and economic data. EUR/USD Outlook With the U.S. labor market softening and inflation still a concern, Fiber traders (EUR/USD) are closely monitoring these developments. On Friday, significant European economic data releases are notably absent, leaving the EUR/USD at the mercy of U.S. dollar flows as the trading week draws to a close. As we await more clarity on the Fed’s stance, the pair's short-term direction remains dependent on broader macro trends in the U.S. Our strategy, for now, is to observe how the price interacts with the 1.1000 supply zone. A clear rejection could pave the way for another bearish impulse in the EUR/USD, but we will refrain from entering the market until a more definitive signal emerges. The next few trading sessions will likely provide critical insights into the future direction of the U.S. dollar and, by extension, the EUR/USD pair. In conclusion, while the rising U.S. jobless claims offer some support for rate cut expectations, the stubbornly high inflation complicates the Fed's path forward. As the EUR/USD hovers around key levels, traders are advised to stay patient and let the market reveal its next move before jumping in. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
3