EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
The price broke out of a strong intraday support zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
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EURUSD
EUR/USD Fibo Bounce into Resistance - CPI on DeckI posted about a Fibonacci level in-play on EUR/USD yesterday and that's since led to a spirited bounce.
Yesterday's daily bar finished as a dragonfly doji after catching a bounce from the 1.0200 level, and today that's been continuation with the pair testing above the 1.0300 level following this morning's release of PPI data.
Of course, this is just setting the stage for the big one with tomorrow's release of CPI, with headline expected to rise to 2.9% against last month's 2.7% reading.
For next resistance in the pair, I'm looking to 1.0333, and if tomorrow's CPI release comes out weak, I think that gives more push for USD pullbacks that could also show alongside strength in stocks. But in EUR/USD, that deeper retracement in DXY could allow for re-test of prior support-turned-resistance at 1.0453. - js
EURUSD Falling Wedge on a bullish divergence.EURUSD is trading inside a long term Falling Wedge and today is posting a strong bullish 1day candle.
The 1day RSI is on a Bullish Divergence (higher lows) for almost 3 months, indicating that a long term trend change to bullish is about to take place.
We expect the first bullish wave upon the Wedge's break out to be contained under the 1day MA200.
Buy and target 1.06900.
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Potential bullish rise?EUR/USD has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 1.0263
Why we like it:
There is a pullback resistance level.
Stop loss: 1.0192
Why we like it:
There is a pullback support level.
Take profit: 1.0348
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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EURUSD / Bearish Momentum with Key Levels and Trend OutlookEUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the area around 1.0345 or 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
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XAU/USD : Reasons for Falling! (READ THE CAPTION)In the 4-hour timeframe, we can see that after reaching $2697 and hitting all targets last Friday, gold eventually closed around the $2690 zone. Today, gold showed a bearish sentiment, dropping by over 300 pips and correcting to as low as $2664.
Currently, gold is trading around $2670, and if it stabilizes below this level within the next 4 hours, further declines can be expected. Potential bearish targets are $2663, $2658.8, and $2652.5, respectively.
This analysis will be updated soon, so stay tuned for a trading setup in the lower timeframes!
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EUR/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on EUR/USD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.022.
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Bouncing Back: EUR/USD Poised for a Bullish WaveEUR/USD is trading at 1.0257, showing signs of bullish momentum with a target price of 1.0800. The price action is based on the support and resistance pattern, with the pair currently bouncing off a strong support level. This bounce indicates a potential reversal and the start of an upward trend. The support level serves as a foundation for buyers to regain control, pushing the price higher. A steady climb toward the resistance level at 1.0800 is expected if the support holds firm. Traders should monitor this bounce closely for confirmation of bullish momentum. The setup presents a favorable opportunity for long positions, supported by technical analysis. However, risk management remains crucial to navigate market volatility. This move emphasizes the role of key levels in predicting price movements. Patience and strategy are essential to capitalize on this trade setup.
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This currency pair, following its recent decline, has shown a strong reaction at a key support level. The support has held, and a corrective upward movement is anticipated from this zone. The price is expected to rise at least to the specified resistance levels.
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GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2365
2nd Support – 1.2460
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GBPUSD H4 | Bearish drop from 61.8% Fibo?Based on the H4 chart, the price is rising toward the sell entry level at 1.2353, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 1.2108, just above the recent swing low, marking a significant support level.
The stop loss is set at 1.2608, an overlap resistance zone, providing room for price fluctuations while protecting against invalidation of the bearish setup.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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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.
EUR/USD Bearish Setup Short Opportunity at Key Resistance ZoneThis chart suggests a potential short setup for EUR/USD
The price has been in a downward trend, making lower highs and lower lows. The current price action indicates a potential retracement towards the marked resistance zone near 1.02820 - 1.03117, which aligns with a possible supply zone. This zone could act as a strong resistance due to previous selling pressure.
The price is likely to reject this resistance and resume the downward movement, following the overall bearish trend. A breakdown from the resistance zone could lead to a short opportunity targeting 1.01764 as the first support level. If bearish momentum continues, the price might further decline toward lower levels.
Key levels to watch
Resistance: 1.02820 - 1.03117 (entry zone for shorts if rejection occurs)
First Target: 1.01764 (potential take-profit level)
Stop Loss: Above 1.03117 (to protect against a breakout)
Confirmation of rejection through candlestick patterns or bearish momentum near the resistance zone is crucial before entering the trade.
EURUSD H1 I Bearish ContinuationBased on the H4 chart, the price is approaching our sell entry level at 1.0351, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 1.0221, just above the recent swing low, marking a significant support level.
The stop loss is set at 1.0455, an overlap resistance zone, providing room for price fluctuations while protecting against invalidation of the bearish setup.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.0251
1st Support: 1.0194
1st Resistance: 1.0289
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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.
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EURUSD: Pullback before the crash!The EUR/USD continues its downward trend, recently touching a new cycle low around 1.0176 as the US Dollar maintains its relentless rally, fueled by rising expectations that the Federal Reserve will keep interest rates elevated for an extended period. The Greenback’s strength has been amplified by a fifth consecutive bullish session, with the DXY surpassing the critical 110.00 level. Investors have sharply revised their outlook on Fed policy, reducing the probability of significant rate cuts in the near term. This shift in sentiment follows a robust Nonfarm Payrolls report and hawkish remarks from Fed officials, emphasizing the priority of taming inflation before contemplating further easing.
On the policy front, while the Fed recently trimmed its benchmark rate to 4.25%-4.50%, Chair Powell’s cautious tone during the final press conference of 2024 left markets in little doubt that any future rate cuts will be gradual. Powell underscored the need to anchor inflation closer to the 2% target and pointed out that despite some softening, the labor market remains resilient. This narrative has bolstered USD demand and widened the divergence with the European Central Bank’s stance.
In contrast, the ECB faces mounting pressure to sustain its easing cycle amid a deteriorating economic outlook across the eurozone, particularly in Germany, where industrial performance has been lackluster. Despite a marginal rise in inflation figures for December, ECB policymakers seem committed to prioritizing growth over inflation control in the short term. This divergence in central bank policies has created a headwind for the euro, further weakening EUR/USD and increasing the likelihood of a test of parity.
Adding to the complexity, potential trade policy shifts under the incoming US administration could inject additional volatility. Proposals for renewed tariffs could stoke inflationary pressures in the US, compelling the Fed to adopt a more aggressive tightening stance. Such a scenario would exacerbate the euro’s struggles, as a stronger USD and continued ECB easing would widen the interest rate differential between the two economies.
Looking ahead, the focus will remain on key data releases, including US CPI and Retail Sales, alongside eurozone Industrial Production and German inflation data. These reports will offer crucial insights into the respective economic trajectories and may set the tone for future price action. However, in the current context, the EUR/USD appears poised to remain under pressure as the fundamental backdrop heavily favors the Greenback. Until there is a significant shift in economic or policy expectations, the pair may continue its march towards parity.
Sticky Inflation, Falling Pound, Pure Chaos in USD pairs!Last week was pure chaos. The dollar flexed like it’s been hitting the gym, while the pound? Let’s just say it’s practicing free-fall techniques. Sterling slipped so hard it might need a parachute soon. 🪂💸
Meanwhile, inflation is still that uninvited party guest who refuses to leave. UK CPI? Sticky. US CPI? Stubborn. And central banks? They’re in the corner pretending it’s not happening. 🙈📉
Here’s what we’re unpacking this week:
👉 Monday : ECB speeches. Expect fancy words, minimal action. 🙄
👉 Tuesday : US PPI drops. Prices rising faster than your blood pressure? Find out! 📈
👉 Wednesday : The big show. UK & US CPI—will inflation finally chill, or are we doomed to more rate drama? 🥶🔥
👉 Thursday : Aussie employment data hops in. Will it jumpstart the AUD? 🦘💵
👉 Friday : China’s GDP report. Rebound or flop? Either way, it’s gonna ripple through the markets. 🌏💣
George’s Hot Take:
Dollar: Still the king. 👑💪
Sterling: In the doghouse. 🐶🚪
Inflation: Like gum on your shoe—it’s not going anywhere. 😤🥿
🎧 Tune in for all the market madness, trading insights, and just the right amount of sarcasm. Because hey, the markets don’t care about your feelings—but we’ll at least laugh about it with you. 😏
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EURUSD at long term 61.8% retracementIntraday Update: The EURUSD as noted earlier, is trading at 1.0200 and slightly below now, but this is a long term 61.8% Fibonacci level of the Sept 2022 lows to July 2023 highs. Intraday, only back above the 1.0230 would take the downside pressure off. Also, over 3bn options are expiring today at the 1.0200 level.
EURUSD Channel Down bottoming on oversold 4H RSI.The EURUSD pair has been trading within a Channel Down pattern since the December 06 2024 High. The 4H RSI is oversold (<30.00) and every time it has been so on this pattern, it was a buy opportunity.
The target of those buy signals has been the 4H MA50 (blue trend-line). We expect the price to be at least 1.02850 when it hits it.
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