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Market Analysis: EUR/USD Attempts RecoveryMarket Analysis: EUR/USD Attempts Recovery EUR/USD is recovering losses from the 1.0335 zone. Important Takeaways for EUR/USD Analysis Today - The Euro struggled to start a fresh increase and declined below the 1.0500 zone. - There is a key contracting triangle forming with resistance at 1.0500 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from the 1.0610 zone. The Euro declined below the 1.0550 and 1.0500 levels against the US Dollar. The pair even declined below 1.0400 and the 50-hour simple moving average. Finally, it tested the 1.0335 zone. A low was formed at 1.0332 and the pair is now recovering losses. There was a move above the 1.0400 level. The pair surpassed the 50% Fib retracement level of the downward move from the 1.0609 swing high to the 1.0332 low. On the upside, the pair is now facing resistance near 1.0500. There is also a key contracting triangle forming with resistance at 1.0500. The next major resistance is near the 76.4% Fib retracement level of the downward move from the 1.0609 swing high to the 1.0332 low at 1.0545. An upside break above 1.0545 could set the pace for another increase. In the stated case, the pair might rise toward 1.0610. Immediate support is near the 1.0430 level. The next major support is at 1.0400. If there is a downside break below 1.0400, the pair could drop toward the 1.0335 support. The main support on the EUR/USD chart is near 1.0320, below which the pair could start a major decline. 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
EURUSD → Correction after false breakdown before further fallFX:EURUSD is taking a chance amid the local correction of the dollar. The currency pair can test the local highs. But! You need to be careful as there will be a lot of news today. Fundamental background is generally negative. (Trump's victory, tariffs for European export goods, lower interest rates and so on). This all accompanies the global and local downtrends. Accordingly, in our case, since a false support breakout is forming on the chart, we should wait for a retest of resistance and reversal patterns to further consider selling attempts with the purpose of further decline. Resistance levels: 1.0606, 1.065, 1.076 Support levels: 1.0517, 1.044, 1.033 Accordingly, we follow the nearest resistance, if bears behave aggressively on the background of the news, the price will continue to fall from these areas Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
6
#EURUSD - 27112024EURUSD sold down early yesterday on Trump's tariff news which gave the perfect long. I said to look for a move higher from 1.0430 and it was the low as it rallied over 100 pips going up to 1.0544 strong level before pulling back half way. What's next? Daily candle closed red with long upper and lower wick. We see a down move from 1.0544 to 1.0440 which is quite a big down followed by a recovery. I have no strong view from here, but IMO, what we could see is that EURUSD could make a move lower (below yesterday's low), possible to fill Monday's gap at 1.0430, then move higher.
by FadeMeIfYouCan
Bulls & bears struggling to take controlAfter a wide bearish trend that toke control since Sep 25th to push down the euro prices to reach 1.03314 as the lowest price for 2024 so far, the bulls are trying to get back control to push the price up, as the chart shows during this struggling the formation of a reflecting pattern "Head & shoulders" for the bearish trend which will be confirmed by stabling above the patterns "Neckline". If the bulls succeeded to keep the price above the neckline then we may see an increase for the price that may target 1.07000 area. Otherwise if the bears still in control and the price broke the years low then its more likely to target lower supports that may hit 1.02325
by maadoo
EURUSD Under Pressure! SELL! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0513 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0480 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
6
EUR/USD Hits Critical Support: Will It Move Higher?EUR/USD has experienced a decline of over 5% in recent weeks, without any significant pullbacks, raising the likelihood of a potential upward movement in the coming days. This downward trend has brought the price to a key support level on the daily chart, near 1.0450, a region previously tested in December 2022. Following this, the price exhibited classic false breakout behaviour, briefly dipping below this support before quickly reversing upwards. Understanding False Breakouts in the Forex Market A false breakout occurs when the price temporarily breaches a significant support or resistance level but fails to maintain that movement, swiftly reversing direction. In the case of EUR/USD, the breakdown below 1.0450 was rejected by buyers, which resulted in an immediate upward rebound. False breakouts are relatively common in the Forex market, where heightened volatility and manipulation by larger players can trigger fleeting movements that capture the stop-loss orders of conservatively positioned traders. Such scenarios often create opportunities to trade in the opposite direction of the initial breakout. Potential Trigger: Break Above Previous Candle High Today's candle has exceeded the high of the prior candle, signalling a possible shift in direction as buyers begin to regain momentum. This context indicates that the 1.0450 region could once again serve as a crucial defensive point for buyers. Potential Upside in the Coming Days The breakout above the previous candle's high is a positive indication for buyers. If EUR/USD can maintain its position above the 1.0520 level, it may signify the onset of buying strength, with the next upside targets being: 1.0670 - A zone where previous support may act as resistance, coinciding with the 38.2% Fibonacci retracement level of the recent decline. 1.0750 - A significant resistance level and prior consolidation zone on the daily chart, aligning with the 50% Fibonacci retracement of the recent downside. To confirm this bullish scenario, the price will need to sustain upward momentum characterized by large-bodied daily candles and increasing buying volume. Alternative Scenario: Bearish Resumption Should the price fail to maintain the rally and break below the 1.0450 support level, the bearish scenario could resume, with subsequent targets including: The next relevant support zone on the daily chart around 1.0250. A final target near the 1.0100 region, which attracted attention in November 2022. EUR/USD is currently at a critical juncture following a significant decline and a false breakout of daily support. The analysis suggests potential for upside as long as the price remains above 1.0450. However, the possibility of a bearish scenario cannot be dismissed, especially in the event of a negative reversal. This is a crucial period for monitoring price behaviour at key technical levels. 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
Euro can reach resistance line of channel and then continue fallHello 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 rebounded from the resistance line first and in a short time declined to the support line of the channel. Next, the price rebounded from this line, which coincided with the resistance level and started to grow to the resistance line, making a first gap as well. When the price reached the resistance line, it turned around and made an impulse down, breaking the 1.0760 level, which coincided with the seller zone, after which tried to return, but failed. After this, the EUR continued to decline inside another one downward channel. In this channel, the price fell to the support line (1.0520) and then rebounded to the resistance line of the channel, after which continued to fall. Soon, the price fell back to the support line of the downward channel, but a few moments ago, it bounced up to almost the resistance line, making a second gap. So, at the moment, I think that the Euro can reach the resistance line of the channel and then start to decline to the support line of the channel. For this case, I set my TP at 1.0290 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
EURUSD - Room for Upside MoveEURUSD has filled opening gap and now aims for higher levels. A sustained break of resistance will confirm bullish move. It still has room for further consolidtion to above trendline. A break below support will open room for an aggressive bearish move. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Long
by MarketsPOV
EUR/USD Still Under Pressure: Understanding Market DynamicsEUR/USD has recouped some of its daily losses, hovering around 1.0510 during the London trading session. Initially, the currency pair experienced a decline in response to deteriorating market sentiment triggered by President-elect Donald Trump's announcement of a proposed 25% tariff on imports from Mexico and Canada, as well as a 10% increase on all Chinese imports entering the United States. While the pair has made some recovery during the London session, a bearish outlook persists. The currency pair has suffered a substantial decline from the 1.0900 mark and faced resistance at the 1.0400 level, which serves as a key demand zone. There is potential for further downward movement, with the next significant demand area identified at 1.0100. Federal Reserve Bank of Chicago President Austan Goolsbee has indicated that the Federal Reserve is likely to pursue a strategy of lowering interest rates towards a neutral stance, one that neither stimulates nor restricts economic growth. Meanwhile, market expectations have fully incorporated a 25 basis point cut by the European Central Bank (ECB) in December. Moreover, the probability of a more significant 50 basis point reduction has surged to 58%, reflecting growing market concerns about the economic outlook in the region. From our perspective, further declines in the currency pair could be anticipated. ✅ Please share your thoughts about EUR/USD 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.
Short
by FOREXN1
1
Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves impulse in progress, currently wave 3 completed and we are entering wave 4 pullback / re-accumulation stage right now. 🔸Well defined 5 waves structure, with two re-accumulation zones in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5 and bulls will target 40 USD. 40 USD will cap the upside in precious metals and will result in ABC correction in 2026. 🔸Recommended strategy position traders: BULLS should focus on buying low from the lows of the re-accumulation zone, so the best entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged upside in this trade. good luck traders! 🎁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. Always limit your leverage and use tight stop loss.
OANDA:XAGUSDLong
by ProjectSyndicate
17
Keep your eyes on the PCE readingsCan DXY continue it's journey north? Or is it time for a bit of correction, allowing pairs like EASYMARKETS:EURUSD to reverse higher? Let's have a look. FX_IDC:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
EURUSD: New Sellers Can Show Up From 1.06After a sharp drop at the end of last week, EURUSD is now attempting to stabilize. We can observe five waves up with a Sunday gap in the middle, which was eventually filled during Asian trading hours. In my opinion, this gap could act as a support level and lead to further upside, especially if the current move is a temporary wave "b" drop of a corrective rally.  Further gains are expected then in the short-term only. Keep in mind that the higher-degree trend remains bearish, and the upside could be limited once wave C unfolds. Strong resistance is seen at 1.0550–1.0610, where the whole fourth-wave rally could come to an end. Euro can turn bullish only if we see recovery above 1.0764.  GH
Short
by ew-forecast
Gold Awaiting the FOMCGold prices are experiencing a recovery after hitting a six-day low at $2,605, consolidating around $2,625. Market attention is focused on the November Fed meeting minutes, which could provide decisive signals regarding a possible rate cut in December, currently estimated at a 61% probability according to the CME FedWatch Tool. If the intraday support at $2,605 fails, prices could target $2,550. Conversely, a daily close above $2,670 would be necessary to reignite bullish momentum, with targets at $2,700 and $2,750. The fundamental context remains complex: Donald Trump's statements on new tariffs have reignited demand for safe-haven assets, including gold and the US dollar, while rebounding bond yields cap enthusiasm for the precious metal. Decreasing geopolitical tensions between Israel and Lebanon represent an additional headwind for gold, as they reduce the need for global risk hedging. Additionally, Trump's appointment of Scott Bessent as Treasury Secretary has reassured bond markets, strengthening the dollar and limiting gold's gains. Overall, gold prices are balanced between contrasting fundamental and technical forces, as traders await the Fed minutes for clearer direction.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? The EUR/USD pair broke below a key support level last week, with the weekly candle closing firmly beneath this zone. This breakout signals potential further downside movement in the pair. A corrective bullish retracement or pullback to retest the broken support level is anticipated in the short term. However, the overall bearish sentiment remains intact, and the price is expected to resume its decline towards the next targeted support level. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
20
#EURUSD - 26112024I was bearish EURUSD on Friday but with the gap up yesterday, I said that EURUSD is looking to go up in the near term, regardless if the gap is going to close. Yesterday, we saw a nice move between the levels, a dip to 1.0454 strong level, then an up move to 1.0514 strong level before the flush down and this morning, EURUSD hit the buy level I gave yesterday, not yet closed the gap but is reacting off it. Price action wise, nothing has changed from yesterday thus I will keep to the same view - it is a buy from here for a move up to 1.0580 near term.
by FadeMeIfYouCan
Euro showing decline ahead of November CPI The euro is trending downward as the market anticipates the release of the Eurozone CPI for November this week. This decline is driven by rising uncertainty regarding the Eurozone economy, an apparent slowdown in inflation, and an increasing likelihood of further interest rate cuts by the ECB. French Central Bank Governor Villeroy de Galhau has stated that the ECB has the capability to cut rates independently of the Fed's monetary policy direction. He added that successive rate reductions are on the table as European inflation continues to ease. EURUSD declined sharply and briefly fell to 1.0330, the two-year low. EMA21 rapidly widened the gap with EMA78, showing an apparent bearish momentum. If EURUSD breaks below the descending channel’s lower bound and 1.0330, the price may fall further to the 1.0000 parity level. Conversely, if EURUSD breaches above the resistance at 1.0540 and EMA21, the price could gain upward momentum toward 1.0670.
by inkicho_exness
EURUSD Today's 1D Death Cross turning into a 3 month rally!The EURUSD pair is having a strong bullish reversal after marginally breaking on Friday below the bottom (Lower Lows trend-line) of the 1.5 year Channel Down. The 1W RSI got marginally oversold (below 30.00), which is a technical buy level. So far it is similar to the October 03 2023 bottom, which was formed on a 1D Death Cross, exactly the kind of pattern that is being completed today! That bottom initiated a strong 3-month rally that hit the 0.618 and 0.786 Fibonacci retracement level respectively. Our long-term Target is 1.08765 (Fib 0.618). ------------------------------------------------------------------------------- ** 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
XAU/USD : Gold will rise more? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price experienced a very slight correction before continuing its upward movement. In the past hours, gold reached $2710, which we previously identified as a supply zone. As a result, the price reacted to this level and corrected by over 100 pips, currently trading around $2700. After another minor correction, I believe gold could continue its upward trend. One of the key supply zones to watch is $2736 to $2738—keep an eye on it! 🚀 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
OANDA:XAUUSDLong
by ArmanShabanTrading
69