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EUR/USD Extends Decline as USD Strengthens Ahead of FOMC MinutesAs predicted, EUR/USD continues its downward trajectory against the US Dollar, which is performing strongly ahead of the much-anticipated FOMC Minutes release. The dollar’s strength is fueled by the market’s expectations of more insights into the Federal Reserve’s policy direction. With the FOMC minutes on the horizon, the price of EUR/USD may drop further, presenting traders with critical levels to watch for a possible retracement. Technical Outlook: Key Areas for a Potential Rebound We have identified two crucial retracement zones where a reversal could occur. These levels, based on historical price action and current market sentiment, may offer opportunities for traders looking to capitalize on the next potential move. However, patience is essential as we await the market’s reaction to the FOMC Minutes, which could trigger volatility and provide clearer direction. Sentiment Analysis: Divergence Between Retail and Smart Money The latest Commitment of Traders (COT) report shows an interesting shift in market sentiment. Retail traders turned bearish last week, likely responding to the recent strength of the US Dollar. However, when zooming out to a six-month view, these retail traders are still predominantly long, indicating some indecision in the broader market. In contrast, Smart Money—typically institutional investors—has begun to accumulate long positions in EUR/USD. This divergence between retail traders and smart money suggests that while short-term sentiment favors a bearish outlook, institutional traders are positioning for a potential upward move in the future. Patience is Key At this stage, patience remains the most important tool for traders. With critical levels identified and the market still digesting the strength of the US Dollar, we are awaiting a clear reaction to the price levels shown on the chart. The upcoming FOMC Minutes could act as the catalyst needed to confirm the next big move in EUR/USD. Conclusion EUR/USD continues its decline as the US Dollar rallies ahead of the FOMC Minutes. While short-term bearish sentiment dominates the market, institutional players are starting to accumulate long positions, signaling potential for a future rebound. Traders should remain cautious and patient, waiting for a clearer signal before taking action, particularly as we approach key price levels that may offer opportunities for retracement. ✅ 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
EURGBP: Significant upside potential on the short term.EURGBP is neutral on its 1D techhnical outlook (RSI = 48.804, MACD = -0.002, ADX = 22.675) as it consolidates having failed to cross over the 1D MA50. Given the 1 year Channel Down pattern, the 1D MA50 shouldn't stand as a Resistance for long, since the price is having this rebound after a clear LL on its bottom. We expect the 1D MA200 to be tested (TP = 0.8500) with the upside potentially extending as high as +2.80%. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURUSD: Dead cat bounce to 1.10500 expected.EURUSD is highly bearish on its 1D technical outlook (RSI = 38.133, MACD = -0.002, ADX = 30.825) which given the fact that the price is approaching the LL trendline, it allows for some room to recover some losses. We expect this to be a dead cat bounce but a short term buy opportunity nonetheless. Target the 4H MA200 and the 0.5 Fibonacci level (TP = 1.10500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Potential bullish rise?EUR/USD has reacted off the support level which is a pullback support and could rise from this level to our take profit. Entry: 1.0955 Why we like it: There is a pullback support level. Stop loss: 1.0899 Why we like it: There is a pullback support level. Take profit: 1.1048 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. 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
1
EA could see some more potential bounce off the lows/support nowHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
EURUSD Confirmed sell signal with MA50 (1d) confirmationEURUSD broke below the MA50 (1d) for the first time since August 2nd, which is a technical sell signal. The MA50 (1d) has been the pivot of the Ascending Triangle and every break below it has delivered more downside. Trading Plan: 1. Sell on the next rebound to the MA50 (1d). Targets: 1. 1.078000 (Support A). Tips: 1. The MACD (1d) is posting the same pattern of the December top. Technical sell signal. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
EURUSD formed the first 4H Death Cross in 4 months.The Double Top on EURUSD last time we mentioned it (September 23, see chart below) worked perfectly and followed its technical bearish bias as not only did the price got rejected but also broke below the 1D MA50 (blue trend-line) and marginally the bottom (Higher Lows trend-line) of the May's Channel Up: At the same time, the pair just completed its first Death Cross on the 4H time-frame in almost 4 months (since June 14) and every time in the past 2 and more years (except June 14) that it made that formation, it gave a solid medium-term (at least) sell signal. As a result, there is no reason to diverge from the 1.08350 bearish Target, which as with the February 14 Low, it is on the 0.618 Fibonacci retracement level. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD PROBABILITY/BOSIBILITYCurrent Market Overview: The EUR/USD pair is showing consolidation in a key no trade area, with price trading sideways between levels of liquidity and a Fair Value Gap (FVG). Let's dive deeper into the potential price movements based on this market structure. Key Zones Identified: Fair Value Gap (FVG): The FVG on the 15-minute chart is located slightly above the current price. This area typically attracts the price as it represents inefficiency where orders are likely to be filled. Watch for a potential move upwards to fill this gap before any significant market direction is established. Liquidity Zone: A key liquidity zone is marked just above the FVG. Liquidity zones are areas where stop-losses of traders are clustered, creating an opportunity for market makers to push prices in these areas to capture that liquidity. If the price moves toward this zone, expect a reaction as buyers or sellers attempt to capitalize on this liquidity. No Trade Area: The current price is in a no trade area, which suggests that it's a period of indecision and low trading volume. Traders should wait for a breakout before making entries to avoid getting trapped in consolidations. This zone is bounded by resistance near 1.09800 and support near 1.09400. Potential Scenarios: Bullish Scenario: If the price breaks above the current consolidation zone, we could see the price head towards the liquidity area and fill the Fair Value Gap around the 1.10024 level. Traders might look for buy setups targeting this zone. Bearish Scenario: On the other hand, if the price breaks downwards from the current no trade area, there is potential to see a move towards the next support zone around 1.09125. This could provide a selling opportunity for those aiming to short the pair. Strategy Consideration: Wait for Confirmation: Since the price is in a no trade area, it is advisable to wait for a breakout either above or below the current range. Entering before a clear trend emerges could expose traders to unnecessary risk. Watch Key Levels: Traders should closely monitor the FVG and liquidity zones for potential entry points. These levels often act as magnets, drawing the price to them before reversing or continuing the trend. Conclusion: Currently, EUR/USD is consolidating with key areas of interest just above and below the market price. A breakout from the no trade area will give us a clearer indication of the next major move. As always, ensure you have proper risk management in place and trade with a plan. Get real-time analysis and trade signals by joining our Telegram community . Stay ahead of the market with FourTrades!
by FourtradesTV
Falling towards 61.8% Fibonacci support?EUR/AUD is falling towards the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.60641 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.60042 Why we like it: There is a pullback support level. Take profit: 1.61802 Why we like it: There is a pullback resistance level. 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
1
Bearish drop?EUR/NZD is reacting off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.78263 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.79446 Why we like it: There is an overlap resistance level. Take profit: 1.76171 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. 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.
Short
by VantageMarkets
Bullish bounce?The Fiber (EUR/USD is falling towards the pivot and could reverse to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.0943 1st Support: 1.0894 1st Resistance: 1.1003 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.
Long
by ICmarkets
EURUSD 6/10/24Starting off the week with euro to the US dollar. I bearish bias came into play as we thought it might. we now have a longer term bearish outlook for this pair. We swept all of the liquidity that was based on the lower end of price action except for the low that we have marked which is relatively close to current price We have an area of supply to watch if we pull back to go lower. We also have a liquid high that's seated above that point. So take into consideration that we may break through the short term trajectory that we have made. this can give us a higher pullback to the upper higher time frame water block if this happens we are still expecting a short main bias here is for the area of supply to be tapped into in price action to sell to the low that we have marked. Trade safe, stick to your plan and your risk.
by rosshayes
EUR/USD Faces Downside as Powell's Hawkish Remarks Boost USDThe EUR/USD pair remains under pressure as Fed Chair Jerome Powell's hawkish remarks on Monday continue to support the US Dollar (USD), capping any significant upside potential for the Euro (EUR). Powell’s stance suggests that the Federal Reserve is still focused on curbing inflation, which has strengthened the USD and weighed on the major pair. At the same time, expectations for more rate cuts by the European Central Bank (ECB) have contributed to keeping a lid on the EUR/USD. This comes ahead of key economic data releases, particularly the flash Eurozone Consumer Price Index (CPI) for September. The pair, as predicted last week, is currently trading within a supply area, with price action forming a double top pattern. According to the Commitment of Traders (COT) report, retail traders remain extremely bullish on the Euro, while larger institutional players are more cautious, signaling potential downside risks. The flash CPI report, due later today, is expected to show that inflation in the Eurozone likely fell below the ECB’s 2% target in September. This follows a notable drop in Germany’s CPI to its lowest level since February 2021, which reinforces expectations for a 25 basis point rate cut at the ECB’s next policy meeting in October. A softer CPI print would likely reaffirm these rate cut bets, applying further downward pressure on the Euro. However, even if the CPI reading comes in higher than expected, the market reaction could be muted. The modest strength of the USD, supported by Powell's comments and the overall hawkish stance of the Fed, suggests that EUR/USD may struggle to gain upward momentum. The path of least resistance for the pair remains to the downside, as the technical setup points to a potential bearish continuation. In conclusion, with the EUR/USD pair trading in a supply area and forming a double top, coupled with a cautious outlook from institutional traders, the risk of a bearish continuation looms large. Key economic data, including the Eurozone CPI, will be closely watched today, but the fundamental backdrop remains in favor of the USD, keeping pressure on the pair. Traders should remain alert to further downside movement, especially if the ECB rate cut expectations solidify. ✅ 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
5
Could the Fiber reverse from here?The price is reacting off the support level which is an overlap support and could reverse from this level to our take profit. Entry: 1.1017 Why we like it: There is an overlap support level. Stop loss: 1.0955 Why we like it: There is a pullback support level that is slightly above the 127.2% Fibonacci extension. Take profit: 1.1080 Why we like it: There is an overlap resistance level that is slightly below the 38.2% Fibonacci retracement. 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
Could EUR/CAD reverse from here?The price rise rising towards the pivot which acts as a pullback resistance which is slightly below the 50% Fibonacci retracement and could fall to the pullback support. Pivot: 1.50036 1st Support: 1.48966 1st Resistance: 1.50706 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
Overlap resistance ahead?EUR/NZD is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 1.77963 1st Support: 1.76667 1st Resistance: 1.79086 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
EUR/USD Faces Pressure as USD Strengthens Ahead of US PCE DataThe EUR/USD pair experienced selling pressure on Friday, reversing part of the gains made in the previous session. The US Dollar (USD) found renewed strength as traders repositioned ahead of the release of the US Personal Consumption Expenditure (PCE) Price Index, a key measure of inflation that could influence the Federal Reserve's policy outlook. This USD rebound played a significant role in dragging the EUR/USD lower, especially as the Euro approached a critical technical zone. The pair retested a supply area, forming a potential Double Top pattern a classic indicator of weakening momentum and an early sign of a bearish reversal. This technical setup suggests that the recent bullish move might be losing traction. Moreover, the latest Commitment of Traders (COT) report shows that retail traders are heavily bullish on the Euro. This often signals a contrarian opportunity, as extreme retail sentiment can precede a market reversal, with institutional traders typically positioning themselves in the opposite direction. With both technical and sentiment indicators aligning, we are anticipating a retracement in the EUR/USD pair. The current USD strength, coupled with a bearish chart pattern and aggressive retail optimism, supports the likelihood of a pullback in the near term. The release of the PCE inflation data could act as a catalyst, potentially increasing market volatility and applying additional pressure on the Euro. In summary, we expect the EUR/USD to face further downside risks as the USD gains traction. The technical setup and market sentiment suggest that the pair could retrace from current levels, especially if the upcoming US inflation data favors continued USD strength. We remain cautious and are watching for opportunities to position for a retracement. ✅ 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