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Eurusd-4

Levels discussed on Livestream 21 October21st October DXY: needs to stay above 103.40 to continue uptrend to 103.90, beyond that 104.20 NZDUSD: Sell 0.6040 SL 30 TP 60 AUDUSD: Sell 0.6635 SL 20 TP 60 GBPUSD: Sell 1.2950 SL 30 TP 130 EURUSD: Look for reaction at 1.08-1.0780 support level USDJPY: Buy 150.50 SL 30 TP 120 (Hesitation at 150.90-151) USDCHF: Buy 0.8680 SL 35 TP 70 USDCAD: Could climb higher, looking for reaction around 1.39 Gold: Look for retracement to complete, then continue uptrend to 2750 (needs to stay above 2700)
TVC:DXY
by JinDao_Tai
EUR/USD Approaching Key Support LevelEUR/USD Approaching Key Support Level Last week, the European Central Bank (ECB) cut interest rates as expected, marking the third reduction this year. According to Trading Economics, market participants speculate there could be another rate cut in December. This dovish stance is weakening the euro, as the ECB signals deteriorating economic prospects in the Eurozone. In contrast, the U.S. dollar remains strong, supported by: → Robust economic data, including retail sales figures that exceeded expectations last week. → Expectations that Trump may win the next U.S. election, with his proposed trade and tax policies likely to support the dollar. As a result, EUR/USD continued its decline last week, with the pair falling by about 2.5% since the start of October. Will the downtrend persist? Today's technical analysis of the EUR/USD daily chart shows that the pair is approaching a key support line (marked in blue), connecting significant lows from 2023-2024 (highlighted by arrows). Additional support may come from: → The psychological level of 1.0800; → A previous significant low near 1.0777. Thus, the EUR/USD area formed by these lines could present challenges to the developing bearish trend. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
3
Can EURUSD continue to fall?EUR/USD is currently hovering around 1.0860 after an earlier rally, with stability in the Asian session. Notably, concerns about the possibility of a Federal Reserve rate cut in November have been dismissed, as recent data suggests that the US economy is still recovering. On the 1D chart, we can clearly see that after the price fell out of the uptrend channel and approached the support level of 1.0800, EUR/USD has reversed again. Currently, the price is hovering around 1.0865 and interacting with the 34 and 89 EMAs, combined with resistance at 1.0960. These factors suggest that the downtrend is still in place. My personal prediction is that EUR/USD is likely to continue falling and may hit a lower low around 1.0700 in the near term. Now the realization phase is taking shape we are waiting for confirmation with the prospect of strengthening the purpose.
Short
by ConanTradingFX
EURUSD: in the oversold territoryThe major event for the EU economy was a further decrease of reference interest rates by ECB members. At their meeting, the ECB decided to cut interest rates by another 25 bps, with possibility of another rate cut till the end of this year, due to drop in inflation, and also, decreasing business activity within the EU. The wholesale prices dropped by -0,3% in Germany in September, leading to an annual drop of -1,6%. The industrial production in the Euro Zone was higher by 1,8% in August for the month, bringing the total increase to 0,1% on a yearly basis. The ZEW Economic Sentiment Index in Germany was standing at 13,1 for October, while the ZEW Economic Conditions were down to -86,9. The Inflation rate in the Euro Zone final for September was 2,7% and in line with a forecast. The US Retail Sales were up by 0,4% in September for the month. Retail sales excluding autos were higher by 0,5% for the same month. Retail sales increased by 1,7% in September y/y, which was a bit higher from 1,6% forecasted by the market. At the same time, the industrial production in the US was down by -0,6% in September on a yearly basis. Building Permits preliminary for September reached 1.428B, which was down by 2,9% for the month. Decrease of interest rates by the ECB members, and weakening of inflation in the US, pushed the eurusd currency pair to the lower grounds during the previous week. The currency pair started the previous week around the level of 1,930 and moved to the lowest weekly level at 1,0812. This move represents the continuation of the last three winning weeks for the USD, which moved from levels around 1,12 resistance, down to 1,08 support. Still, Friday's trading session was closed at the level of 1,0871. The RSI clearly entered into the oversold territory, and reverted a bit to the level of 33 as of the end of the week. The moving average of 50 days is further slowing down its divergence from MA200, however, a clear convergence has not yet started. It might take some time in the future, until the cross of two lines occurs. A clear oversold market side is the first signal that the market exhausted its potential for the downside and that short term reversal might be expected in the coming period. Considering that there is no currently significant macro data scheduled for the week ahead, which could strongly move the market to one side, some stronger moves should not be expected. Current charts are implying the probability for eurusd to revert a bit toward the 1,09 levels, most probably toward the 1,095. There is no current indication for the higher grounds. On the opposite side, there might be just a modest move toward the 1,08 support line, however, charts are pointing to a lower probability of such an occurrence during the week ahead. Important news to watch during the week ahead are: EUR: PPI in September for Germany, ECB President Lagarde speech, HCOB Manufacturing PMI Flash for October in Germany and the Euro Zone, Ifo Business Climate for October in Germany, USD: Home Sales in September, Durable Goods Orders in September, Michigan Consumer Sentiment final in October.
by XBTFX
EUR/USD Technical Analysis: (READ DESCRIPTION) Pivot Point: 1.0650 The pivot at 1.0650 serves as a key level of support. This level will play a crucial role in determining the near-term direction of the EUR/USD pair. The current technical setup suggests that the pair could see a significant upward movement if it holds above this pivot. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above the pivot point at 1.0650. The expectation is that the pair will move upward, testing higher resistance levels. Target Levels for Upside Movement: First Target: 1.1000 This level represents an intermediate resistance where traders might take profit or evaluate the continuation of the bullish momentum. Second Target: 1.1200 If the first resistance is breached, EUR/USD could extend its gains toward the 1.1200 level, indicating a stronger bullish continuation. Alternative Scenario: Downside Risks If the price fails to hold above 1.0650: Bearish Outlook: A break below the pivot point could lead to a downside move, targeting the following levels: First Target: 1.0500 Second Target: 1.0450 These levels represent potential areas of support if the bearish scenario unfolds, marking a significant downward trend. Technical Insights: RSI (Relative Strength Index): The RSI has recently landed around the 30% zone, which is often considered oversold. This suggests that selling pressure may be waning, and a reversal to the upside could be in progress. A rising RSI typically confirms growing buying interest. Support Zone Strength: The 1.0650 level has acted as a solid support zone in the past, and the price appears to be bouncing off this level, reinforcing the probability of a bullish reversal. Moving Averages: Should the pair break above its short-term moving averages, such as the 20-period or 50-period moving averages, it would further confirm the bullish scenario. A crossover of these averages could serve as a signal for an upward trend continuation. Momentum Indicators: Momentum indicators like the MACD (Moving Average Convergence Divergence) could signal a bullish crossover soon, which would add to the bullish sentiment. The price also remains above key moving averages, providing additional upward pressure.
Long
by CharivapaAlgo
EURUSD expected to rebound on an oversold 1D RSI.The EURUSD pair made a straight hit on our 1.08350 Target (September 23 idea, see chart below) following the 1.12000 Double Top rejection: Right now the price sits below the 1D MA200 (orange trend-line), having failed to recover it in the past 2 days. This is however the 0.618 Fibonacci retracement level from the last Low, which is where the February 14 2024 correction reversed. At the same time, the 1D RSI turned oversold last Thursday, which is an even bigger bullish indication. For the past 2 years (since September 27 2022), every time the RSI got oversold (below 30.00), it was a very strong buy signal as the price reversed. On the February 14 Low it reversed to the 0.618 Fib (blue), so currently our minimum target on this buy opportunity is 1.10550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD - Macro View...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish, trading inside the flat rising channel in blue. Moreover, it is approaching a demand zone marked in green. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
EURUSD Multi Timeframe Analysis 21.10.202415m Swing, Internal,Fractal Bearish We now have mitigated the premium of the 15m swing structure What expected is, internal 15m bearish order flow to continue and internal unmitigated supply to hold. Or Asia high get swept and bearish momentum kick in. But we are now in Daily internal unmitigated demand zone and bullish reaction is very likely. On my analysis from Friday, I said Friday's Daily candle could close as inside bar and that happened. What I now expect is, price to mitigate upper 4H Supply and also 15m Supply nested in 4H Supply, give us another 4H fractal fake bullish break, sweep the low, use as fuel for bullish leg. But as we trade the fact and not the expectations, that is my long plans once HTF switched to Bullish, and I will look for quick shorts once 4H supply mitigated or follow the 15m bearish of once i am convinced.
by alplaila
EURUSD H4 I Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.0865 an overlap resistance. Our take profit will be at 1.0833, an overlap support. The stop loss will be placed at 1.0897, which is an overlap resistance." 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. 62% 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. 59% 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.
Short
by FXCM
#EURUSD - 21 OctI was bullish EURUSD on Friday, despite the many days of selling in EURUSD and the plan given worked perfectly. I said EURUSD will see a move higher to 1.0863 before any down move would occur. Indeed, EURUSD trended up over 40 pips for the day, closing at 1.0863 as given. And today it hit the strong level at 1.0873. Is sell coming? Is this just a pullback before further downside or will we see further upside? 1.0873 strong level traded could see a pullback, but overall, I am cautiously bullish for another move higher. Look for longs at 1.0837/47 for a move higher, to 1.0900.
by FadeMeIfYouCan
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot point which is a pullback resistance and could reverse to the 1st support level which acts as an overlap support. Pivot: 1.0896 1st Support: 1.0834 1st Resistance: 1.0955 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart! After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows. -The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now. Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things: *23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below *38.2% Level sits right in the center of the Resistance Zone created from the March Highs *50% Level is at the Higher Low that was Broken to Confirm the Double Top I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down! Potential Set-Up: Sell Entry 1.09058 (23.6%) - 1.09647 (38.2%) SL - 1.10112 (50%) TP - 1.0665
Short
by Novi_Fibonacci