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EURUSD

EUR/USD has just broken out of a symmetrical triangle on the 3-h**"EUR/USD 3H – Triangle Break & Next Move"** hinting at further bullish momentum. I've set a **new stop-loss** around **1.0400** to protect gains. If the pair pushes past **1.0600**, look for a potential move toward **1.0700**. However, a drop back below the stop-loss area could invalidate the bullish scenario. Always trade with proper risk management! #EURUSD #Forex #SymmetricalTriangle #TechnicalAnalysis #TradingView #ForexTrading #RiskManagement
by Greenfireforex
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? The EURUSD pair reacted bullishly after touching the support zone, leading to an upward movement. This support level aligns with an ascending trendline, adding to its significance. Currently, the price is struggling with a key resistance zone. A confirmed breakout above this level would generate a bullish signal, potentially driving the price toward the next target level. However, if the support zone is broken, the bullish scenario would be invalidated. Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
19
EURUSD’s Bullish Breakout—Targets Set for $1.046 & $1.049!EURUSD ( FX:EURUSD ) came to the above of the 100_SMA(4-hour) once again and managed to break the Resistance zone($1.039-$1.033) and Resistance lines , and today we saw EURUSD made a pullback to this zone. It is also possible that EURUSD will form an ascending channel , so we have to wait for the second hit to the Upper line and confirm its major point . I expect the EURUSD to trend higher after coming above the 100_SMA(4-hour) and attacking the next Resistance zone($1.0537-$1.04500) and Resistance lines . The First Target: $1.04651 The Second Target: $1.04981 Note: If EURUSD touches $1.0347, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
News TradingLet’s talk about news trading in Forex . While news trading is extremely lucrative it’s one of the most risky things a trader can do and experience. News and data cause extreme volatility in the market and as we always say “volatility can be your friend or your enemy” . Let’s take a deeper dive into news trading, which news and data affect the TVC:DXY precious metals such as OANDA:XAUUSD and other dollar related currency pairs. We will also cover having the right mindset for trading the news. 1. Understanding News Trading in Forex News trading is based on the idea that significant economic data releases and geopolitical events can cause sharp price fluctuations in forex markets. We as traders, aim to profit from these sudden price movements by positioning ourselves before or immediately after the news hits the market. However, due to market unpredictability, it requires a strategic plan, risk management, and quick decision making. 2. What to Do in News Trading 1. Know the Key Economic Events – Monitor economic calendars to stay updated on high-impact news releases. The most influential events include: Non-Farm Payrolls (NFP) – A report on U.S. job growth that heavily influences the U.S. dollar. Consumer Price Index (CPI) – Measures inflation, impacting interest rate decisions and currency valuation. Federal Open Market Committee (FOMC) Meetings – Determines U.S. monetary policy and interest rates, affecting global markets. Gross Domestic Product (GDP) – A key indicator of economic growth, influencing currency strength. Central Bank Statements – Speeches by Fed Chair or ECB President can create large market moves. 2. Use an Economic Calendar – Websites like Forex Factory, Investing.com, or DailyFX provide real-time updates on economic events. 3. Understand Market Expectations vs. Reality – Markets often price in expectations before the news is released. If actual data deviates significantly from forecasts, a strong price movement may occur. 4. Trade with a Plan – Whether you are trading pre-news or post-news, have clear entry and exit strategies, stop-loss levels, and a defined risk-to-reward ratio. 5. Monitor Market Sentiment – Pay attention to how traders are reacting. Sentiment can drive price action more than the actual data. 6. Focus on Major Currency Pairs – News trading is most effective with liquid pairs like FX:EURUSD , FX:GBPUSD , FX:USDJPY , and OANDA:USDCAD because they have tighter spreads and high volatility. 3. What NOT to Do in News Trading 1. Don’t Trade Without a Stop-Loss – Extreme volatility can cause sudden reversals. A stop-loss helps prevent catastrophic losses. 2. Avoid Overleveraging – Leverage magnifies profits but also increases risk. Many traders blow accounts due to excessive leverage. 3. Don’t Chase the Market – Prices may spike and reverse within seconds. Jumping in late can lead to losses. 4. Avoid Trading Without Understanding News Impact – Not all economic releases cause the same level of volatility. Study past reactions before trading. 5. Don’t Rely Solely on News Trading – Long-term success requires a balanced strategy incorporating technical analysis and risk management. 4. The Unpredictability of News Trading News trading is highly unpredictable. Even when a report meets expectations, market reactions can be erratic due to: Market Sentiment Shifts – Traders might focus on different aspects of a report than expected. Pre-Pricing Effects – If a news event was anticipated, the market might have already moved, causing a ‘buy the rumor, sell the news’ reaction. Liquidity Issues – Spreads widen during major news events, increasing trading costs and slippage. Unexpected Statements or Revisions – Central banks or government agencies can make last-minute statements that shake the market. 5. How News Affects Forex, Gold, and the U.S. Dollar 1. U.S. Dollar (USD) – The USD reacts strongly to NFP, CPI, FOMC statements, and GDP reports. Strong economic data strengthens the dollar, while weak data weakens it. 2. Gold (XAU/USD) – Gold is an inflation hedge and a safe-haven asset. It often moves inversely to the USD and rises during economic uncertainty. 3. Stock Market & Risk Sentiment – Positive economic news can boost stocks, while negative reports may trigger risk aversion, benefiting safe-haven currencies like JPY and CHF. 6. The Right Mindset for News Trading 1. Accept That Volatility is a Double-Edged Sword – Big moves can mean big profits, but also big losses. 2. Control Emotions – Fear and greed can lead to impulsive decisions. Stick to your strategy. 3. Risk Management is Key – Never risk more than a small percentage of your capital on a single trade. 4. Adaptability – Be prepared to change your approach if market conditions shift unexpectedly. 5. Patience and Experience Matter – The best traders wait for the right setups rather than forcing trades. Thank you for your support! FxPocket
OANDA:XAUUSDEducation
by FxPocket
4
RAYUSDT Double Bottom Pattern. Bullish Reversal in Play!RAYUSDT has recently formed a Double Bottom Pattern, a bullish reversal formation that signals the potential for a strong price move upwards. The Double Bottom is a classic chart pattern that typically marks the end of a downtrend, and the current setup in RAYUSDT suggests that the price may be on the verge of a significant upward breakout. The volume supporting this pattern is good, which enhances the reliability of this setup and indicates that there is solid investor interest behind the move. Traders are expecting a gain range of 50% to 55%+ if the breakout continues as expected. The Double Bottom Pattern is characterized by two distinct troughs, which form at roughly the same price level, followed by a breakout above the resistance level. This pattern often indicates a shift in market sentiment from bearish to bullish, and the current setup in RAYUSDT is no exception. As the price starts to break above the neckline of the pattern, it is expected to see a significant rally, potentially reaching new highs in the process. The good volume accompanying this pattern confirms that the market is reacting positively, and there is a good chance for traders to profit from the expected upward momentum. Investor interest in RAYUSDT is steadily increasing as more traders recognize the potential for strong returns. With the pattern well-formed and backed by solid market support, the coin is poised to make a move that could provide traders with notable gains. If RAYUSDT successfully breaks through the resistance level, it could set off a surge in buying pressure, pushing the price higher and opening the door for a 50% to 55%+ return for those who are positioned correctly. This pattern has the potential to deliver an exciting opportunity for traders looking to capitalize on a strong reversal in the market. However, it’s important for traders to keep an eye on key levels of support and resistance to confirm the breakout's validity. The broader crypto market sentiment could also play a role in RAYUSDT’s movement, so staying updated on overall market trends will be crucial. Given the current technical indicators and the growing investor interest, RAYUSDT could be poised for an explosive move upward, and traders who time their entry correctly may stand to gain from this bullish setup.
Long
by Alpha-GoldFX
Dollar Weakens as Trade Tensions EaseEUR/USD is hovering around 1.0460 on Friday morning, while the dollar index remains near 107, poised for a 1% weekly decline. The drop is driven by easing trade tensions and expectations of a softer personal consumption expenditures (PCE) price index later this month. The dollar weakened 0.8% on Thursday after President Trump directed his administration to explore reciprocal tariffs on countries with unfair trade practices. However, since these tariffs are not expected immediately, concerns over retaliation and inflation eased, reducing uncertainty around the Fed's ability to lower borrowing costs. Meanwhile, producer inflation data exceeded expectations, following strong consumer inflation figures from the previous day. Despite this, components of the report suggest that core PCE inflation, the Fed's key focus, may come in lower than anticipated. Technically, 1.0460 is the first resistance level, with further barriers at 1.0515 and 1.0600 if the pair moves higher. On the downside, initial support is at 1.0350, followed by 1.0275 and 1.0220.
by zForexcom
EURUSD Is Going Up! Long! Take a look at our analysis for EURUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.046. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.054 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Euro H1 | Bullish uptrend to extend further?Euro (EUR/USD) has bounced off a pullback support and could potentially climb higher off this level. Buy entry is at 1.0455 which is a pullback support. Stop loss is at 1.0420 which is a level that lies underneath a pullback support and beyond the descending trendline. Take profit is at 1.0520 which is a multi-swing-high 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. 63% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
Long
by FXCM
Fundamental Market Analysis for February 14, 2025 EURUSDEvent to pay attention to today: 15:30 EET. USD - Retail Sales EURUSD: On Thursday, the EUR/USD exchange rate strengthened, rising seven-tenths of a percentage point to re-enter the 1.04000 range. This gain was influenced by a general weakening of the US dollar, which facilitated inflows amid less severe US Producer Price Index (PPI) inflation data than anticipated.Investors are currently speculating that the Trump administration's ongoing ambiguity regarding tariff threats indicates the likelihood of no trade war. Meanwhile, European economic data released on Thursday aligned with market expectations, offering minimal impact on traders. However, the US PPI data, which exceeded forecasts, helped alleviate investor concerns regarding renewed inflationary pressures. Core inflation for the year ending January stood at 3.6% year-on-year (y/y), surpassing the 3.3% forecast but falling short of the revised 3.7% figure, originally published at 3.5%. The upcoming release of US Retail Sales will be a key data point for the week, with markets anticipating another strong performance. The monthly retail sales figure is forecast to decline marginally by 0.1%, from the previous reading of 0.4%.In other news, US President Donald Trump has unveiled his latest strategy to boost tax revenues, amid significant cuts in administrative taxes. The concept of 'reciprocal tariffs', which involves the imposition of duties on countries that levy tariffs on US goods, is scheduled to be developed in the coming months, with US Commerce Secretary Howard Lutnick appointed to finalise the details.The timing of additional tariffs remains unclear, and investors view these new tariff threats as unlikely, reminiscent of Trump's proposed 'day one tariffs' as well as tariffs on Canada, Mexico and specific imports such as cars, microchips and pharmaceuticals. While there are various proposals for imposing import taxes on US consumers and businesses to penalise foreign companies and countries, there has been little real movement so far, leading investors to assume this trend will continue. Trading recommendation: EURUSD: BUY 1.04700, SL 1.04100, TP 1.05300
Long
by Fresh-Forexcast2004
EURUSD 14 Feb 2025 W7 - Intraday - EU GDP - US Retail SalesThis is my Intraday analysis on EURUSD for 14 Feb 2025 W7 based on Smart Money Concept (SMC) which includes the following: Market Sentiment 4H Chart Analysis 15m Chart Analysis Market Sentiment 1. Impact of CPI and PPI on Inflation Expectations CPI Outcome: The headline CPI rose to 3.0% YoY (vs. 2.9% forecast), while core CPI increased to 3.3% YoY, signaling persistent inflationary pressures 10. However, the market reaction was muted due to mixed signals. PPI Analysis: The headline PPI exceeded forecasts (3.5% YoY), but key components linked to core PCE inflation (the Fed’s preferred metric) suggested a potential moderation. Analysts noted that softer PCE data next week could ease Fed tightening fears, supporting risk assets like the Euro. Investor Positioning: Futures traders now price in 33 basis points of Fed cuts in 2025, up from 29 basis points pre-PPI, indicating growing optimism about disinflation. 2. Trump’s Reciprocal Tariffs: Negotiation vs. Trade War Tariff Announcement: Trump’s directive to formulate reciprocal tariffs (e.g., 25% on steel/aluminum) was not immediately implemented, with a delayed enforcement timeline (potentially April). Markets interpreted this as a negotiation tactic rather than an escalation into a trade war. Market Reaction: The USD weakened (DXY fell to 107.25) as investors focused on the negotiation window and avoided panic-driven safe-haven flows. The Euro benefited from reduced trade-war fears, rising to $1.0469 in early Asian trade. 3. Geopolitical Optimism and Risk Sentiment Ukraine-Russia Peace Talks: Reports of potential territory swaps and Trump’s mediation efforts bolstered risk appetite. A resolution could alleviate Eurozone energy and supply-chain pressures, supporting EUR/USD. Equity Market Stability: European stocks (e.g., Euro STOXX 50) pared losses, with sectors like utilities and healthcare outperforming. This resilience reduced demand for the USD as a safe haven. 4. Central Bank Dynamics The ECB is expected to cut rates further (market pricing in 3 cuts in 2025), while the Fed maintains a cautious "higher-for-longer" stance. However, softer PCE expectations may narrow this divergence, favoring EUR/USD. 5. Key Risks and Catalysts Today U.S. Retail Sales & Industrial Production: Forecasts suggest a 0.2% MoM decline in retail sales (first drop in 5 months) and slower industrial production growth. Weak data could amplify USD selling. Tariff Negotiation Updates: Any hints of tariff implementation timelines or retaliatory measures from the EU/China may reignite volatility. Final Sentiment Summary Short-Term Bias:  Cautiously Bullish for EUR/USD. Support Factors: Soft PCE expectations, delayed tariffs, and geopolitical optimism. Investors will monitor retail sales data and tariff rhetoric for intraday momentum shifts. A softer PCE print next week could solidify bullish sentiment, while tariff escalation remains the primary risks. 4H Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bearish 🔹Reached Swing Extreme Demand 🔹Swing Continuation 2️⃣ 🔹With the deep pullback to the Bullish Swing extreme discount and mitigating the 4H/Daily demand zones, price turned Bullish forming a Bullish CHoCH. 🔹The current Bullish move from Swing extreme discount to current price level having 2 scenarios (Previously I’d the following 2 scenarios where now I favors the 2nd scenario due to the impulsive nature of the move): Scenario 1: Pullback for Bearish INT Structure and with the recent Bearish CHoCK and Minor Demand zones are failing, I expect Bearish continuation to target the Weak INT Low which aligns with the Daily/Weekly Bearish Structure/Move. (Counter Swing – Pro Internal) Scenario 2: Bullish Swing continuation to target the Weak Swing High. Which requires to have Demand holding and Supply failing. The first sign required to confirm this scenario will be the current Demand which price is currently at to hold and we form a Bullish CHoCH. (Pro Swing – Counter Internal) 🔹With the recent moves, Supply is failing and Demand is holding solidifying the scenario that the Bullish 4H Swing continuation in play. 🔹Currently price is sweeping Liq. above 30 Jan on 4H and Daily where I’d noted in the previous days analysis which can provide a decent pullback. (Bearish CHoCH is required to confirm the Sweep of Liquidity. Otherwise, it’s not enough and price will continue from the recent 4H Demand formed). 3️⃣ 🔹Expectations is set to continue Bullish to target the Weak 4H Swing High. A decent pullback is also expected if the Liq. is enough and market sentiment is aligning with the pullback (Requires market Fear/ Risk-Off). 15m Chart Analysis 1️⃣ 🔹Swing Bullish 🔹INT Bullish 🔹Swing Pullback 2️⃣ 🔹Swing structures continued Bullish with 2 Bullish BOS yesterday (High Volatility). 🔹The current 15m Bullish structures confirms for me the 4H Bullish Swing continuation and we are targeting high. 🔹After the recent 15m Swing BOS, we expect a pullback. Current structure doesn’t have much clear demand zone (the 70% of the structure is a 4H Demand zone). 🔹Price expected to have a pullback to the recent demand identified (Not well positioned as it’s in premium) or to structure EQ (50%)/Discount to continue Bullish and target the Weak Swing High. 🔹I want to note that the 4H had swept Liq. above 30 Jan High which could initiate a decent pullback on price after that aggressive move up. 3️⃣ 🔹Expectation of price to continue Bullish as long the Swing Low hold and pullbacks are contained within the structure.
by Amr-Sadek
Bearish drop?The Fiber (EUR/USD) is reacting of the pivot which acts as a pullback resistance and could drop to the 50% Fibonacci support. Pivot: 1.0463 1st Support: 1.0377 1st Resistance: 1.0522 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
2
EURUSD H4 I Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.0461, which is an overlap resistance. Our take profit will be at 1.0389, an overlap support level close to the 38.2% Fibo retracement. The stop loss will be placed at 1.0534, which is a swing high resistance level. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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
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: 1.0422 Why we like it: There is a pullback resistance level. Stop loss: 1.0381 Why we like it: There is a pullback support level. Take profit: 1.0521 Why we like it: There is a pullback resistance that lines up with the 100% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EUR/USD 4H | Elliott Wave Triangle Formation & Potential Wave 5"This idea explores an Elliott Wave setup for EUR/USD on the 4H timeframe. The pair is forming a contracting triangle, which is likely completing Wave 4 of the impulsive wave sequence. Key levels to watch: Invalidation level (upside): 1.06776 Invalidation level (downside): 1.03492 If the price holds within the triangle and breaks downward, Wave 5 could target the lower support zone near 1.00169. However, a breakout above 1.06776 could invalidate this bearish scenario. This setup highlights the importance of patience and discipline, waiting for confirmation before entering trades. Monitor key levels closely and adjust your strategy accordingly.
by Greenfireforex