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Euro gravitating to yearly low | FX ResearchWe're looking at a very strong dollar on the back of the Trump trade and political turmoil out of Europe. The euro has sunk back towards the yearly low against the buck, just shy at this point. Though dealers are reporting decent demand ahead of 105 following the collapse of the ruling coalition in Germany. The chancellor has announced that he'll seek a confidence vote on December 16th, with an election date set for February 23rd. Economic data out of Europe hasn’t helped the euro either today. After the German ZEW index slumped, over in the UK, employment data proved to be a disappointment, though the pound got a little help from the higher wages component. Looking ahead, we get Canada building permits, U.S. consumer inflation expectations, and some Fed speak. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
EUR/USD Daily AnalysisThe EUR/USD currency pair appears to be consolidating within a large, slightly narrowing symmetrical triangle pattern that has been forming over the past year. Key observations: 1.Support and Resistance: The pair recently tested support near the lower boundary of the triangle (around the 1.0700 area), which aligns with a long-term uptrend line, creating a potential zone of support. Resistance is seen at the upper boundary of the triangle, currently around the 1.1200 level, marking an area to watch for potential breakout attempts. 2.Volume Profile: The Volume Profile visible range highlights significant buying and selling interest around the 1.0799 to 1.0903 levels, suggesting this zone could act as a magnet for price action in the near term. 3.Key Levels: A break above the 1.0903 level could lead to a test of the next resistance at 1.1056. On the downside, if the pair falls below the recent swing low near 1.0700, it may open up further downside potential toward lower support zones around 1.0500. 4.Indicators: RSI is currently rebounding from oversold levels, indicating some bullish momentum in the short term. However, watch for a shift if RSI approaches the overbought territory. 5.Price Action: The recent bounce from support with increased volume may indicate renewed buying interest, but a breakout beyond the triangle boundaries will likely provide a clearer direction. This setup suggests that EUR/USD may see increased volatility as it approaches the apex of the triangle. Outlook: T raders should be cautious and watch for a confirmed breakout beyond the triangle's boundaries for clearer directional cues. Bulls will look for a breakout above 1.0903 to target higher levels, while bears may aim for support zones below 1.0700 in case of a downside break.
by AngshumanSaikia
EURUSD Analysis==>>Ascending Broadening Wedge Reversal Pattern!EURUSD ( FX:EURUSD )has managed to form an Ascending Broadening Wedge Reversal Pattern near the Resistance zone($1.0980-$1.0912) and Yearly Pivot Point . Also, Regular Divergence (RD-) between Consecutive Peaks . I expect the EURUSD to attack the Support zone($1.0816-$1.0775) again in the coming hours. 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; 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.
Short
by pejman_zwin
2
Is The EURUSD Set For Possible Bullish Move? Is The EURUSD Set For Possible Bullish Move? Key Price Action Signals to Watch For.. 👀👉 EURUSD is displaying strong bearish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
by tradingwithanthony
What Is a Trading Journal, and How Traders Keep One?What Is a Trading Journal, and How Traders Keep One? For traders, keeping a trading journal is an important activity that helps them improve their trading skills. A trading journal is a systematic record-keeping tool that is used to document trades, strategies, and outcomes. It is a way to track performance by recording the entry and exit points, the reasons for entering the trade, and the results. This FXOpen article discusses the way traders track their progress, identify patterns, and learn from mistakes. You’ll learn about the types of trading journals and their benefits and find out exactly what to record. Types of Trading Journals Here are three trading journal examples. You can choose a format that works best for you, whether it’s handwritten notes in a notebook, a trading journal online spreadsheet, or a specialised app. The key is to be consistent in recording your activity. - Use a notebook . Simply record the details of each trade on a new page or divide the page into convenient columns. - Create a spreadsheet to keep track of your trades. Consider including columns for the entry and exit points, reasons, and outcomes. - Choose trading journal software from the multiple options available. Apps make it easy to record and analyse trades. Some popular ones include Edgewonk and Tradervue. Benefits of Keeping a Trading Journal Keeping a journal has several benefits. The most important thing is that by using this tool for self-analysis and learning, you can increase your chances of success in markets and make data-driven improvements. Let’s break down why it can be useful. - Identifying patterns. By keeping a record, you can identify patterns in your behaviour. For example, you may notice that you tend to enter trades at certain times of the day or that you have a tendency to hold losing trades for too long. - Learning from mistakes. If you review your losing trades, you may identify what went wrong and how you can avoid making the same mistake in the future. - Tracking progress. A trading journal is a way to track your progress. You can see how much you’ve improved. It’s also a means to reflect on your decisions. - Improving discipline. Recording your activities can help you improve your discipline. By stating the reasons for entering the trades, you hold yourself accountable for your decisions. - Controlling emotions. A journal can serve as a therapeutic outlet to express your thoughts and feelings. This allows you to separate your emotions from your decisions and make them more logical and reasonable. Whether it’s a forex trading journal or one for stocks, crypto* or indices, the benefits will be the same. The usefulness of keeping a record will be self-evident. How to Keep a Trading Journal It’s to be expected that over time, a journal will become an invaluable resource for improving skills, minimising risk and achieving more consistent effectiveness in the financial markets. The hardest part is getting started, although keeping a journal is actually easy. Here are the five steps you can follow. 1. Choose a Format Decide whether you want to keep a physical trading journal book, use a digital spreadsheet, or employ specialised software. Choose a format that you’re comfortable with, and that aligns with your needs. If you’re using a spreadsheet or digital document, you can create a trading journal template that includes the key information you plan to record for each trade. 2. Record Your Trades Record the details of each trade you make. You can include the date and time, as this information is essential for tracking the timing of trades and assessing how different market conditions may affect your decision-making. Recording your strategy or approach is a great idea. Regardless of whether it is based on technical, fundamental, or combined analysis, be sure to state your methodology. You may also want to detail the risk management techniques you used, such as stop-loss and take-profit orders. On the TickTrader trading platform, you can find various tools for risk management. After using them, you can evaluate how effectively they protected your capital. 3. Record Reasons and Your Emotional State Consider writing down the reasons that prompted you to enter the trade. What factors or indicators influenced your decision? For example, if you prefer currencies, did you enter the trade because of a certain technical pattern or a country’s GDP report? Documenting your emotional state before and during the trade is also important. Were you confident, anxious or fearful? An honest self-assessment of your emotions is critical to identifying emotional triggers that can influence you. 4. Review Your Trades Think about reviewing your trades and indicating the final result — profit or loss. Be sure to write down the actual numbers so that you can accurately assess your results. When documenting your trades, it’s crucial to remain objective. Do not justify bad decisions or self-glorify successful ones. The purpose of keeping a journal is to learn and improve. You can schedule a regular review of your trades. This can be done weekly or monthly, depending on how often you trade. During these reviews, you are likely to find patterns and identify areas for improvement. 5. Be Consistent Consistency is key. You can develop a routine for recording trades. Make sure you thoroughly document all of them, regardless of their size or perceived importance. If it’s too difficult to do this yourself, you can use an automated trading journal. This is a great solution for those who have a hard time making habits. Final Thoughts Keeping records of your trades is a way to have a structured and systematic approach to monitoring and evaluating trading activity. This leads to better-informed decisions and improved performance. By recording details of trades, strategies, emotions, results, and risk management techniques, you can gain valuable insights into your behaviour and patterns. If you want to engage in trading in over 600 markets, you can open an FXOpen account. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. 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.
Education
by FXOpen
4
EURUSD continues uptrend from 1.0700Dear Friends. Overall, EUR/USD made an impressive recovery ahead of yesterday’s election news and broke above 1.090. But! the price was quickly rejected following the news and fell back to 1.076, now down 1.47% on the day. This decline comes as polls show Trump leading in battleground states, supporting the USD’s bullish momentum. As can be seen on the daily chart, EUR/USD is approaching a strong support zone at 1.061 – a level that has held back the decline on several occasions. If the price reaches and recovers from this level, we could see a strong recovery, opening up a potential short-term buying opportunity as the price rebounds from this support bottom.
Long
by AmbaniFX
7
EUR/USD Crash????We can a clear downtrend forming with pairs like the euro and the pound that go against the dollar. The Euro has shown clear signs of bearish downfall through the vast number of bos to the downside and the vast amount of liquidity below that needs to be taken. In the first scenario we see the possibility that price may move up to fill the IMB taking out any early sellers before continuing in the downtrend targeting the EQL liquidity below. In the second scenario which I believe to be more likely, we see the Euro drop taking out the EQL liquidity before having enough momentum to retrace into 4H IMB or fill the IMB and push up towards the 6H supply and then crash at least until the bullish momentum on the dollar dies down and markets begin to form clean market structure rather than such euphoric price action
Short
by JamelCapital
This is all you need to get started: a paper trading account!Starting your trading journey wisely means utilizing a Paper Trading account, also known as a demo account. This account simulates the real trading experience by mirroring market movements and conditions, but operates without the risk of losing real money. It offers traders access to comprehensive market data just like a live account, enabling practice with real-world price fluctuations—if Gold (XAU/USD) experiences a 5% rise or fall, the same scenario reflects in the demo account. This provides an excellent opportunity to understand market dynamics without financial exposure. A Beginner's Best Friend: The Demo Account For novice traders, a demo account is an essential entry point into the financial markets. It allows individuals to familiarize themselves with various trading aspects and strategies. Many traders base their transition to live trading on the insights and performance gleaned from their demo accounts. The convenience of setting one up is straightforward—simply use the Paper Trading option on TradingView to practice with a simulated account. Click on the Trading Panel of your chart, and you'll find the Paper Trading option on TradingView. Advanced Applications for Experienced Traders However, the utility of demo accounts isn’t confined to just beginners; seasoned traders also derive significant benefits. Experimenting with New Strategies Experienced traders frequently utilize demo accounts to try out and assess new trading strategies. This method serves as a safe way to test different approaches without putting their capital at risk. Evaluating Automated Tools Developers of trading bots and algorithms rely on demo accounts for comprehensive testing of their tools. These automated systems undergo rigorous backtesting in a zero-risk environment, ensuring they are ready for live trading scenarios. Training and Development Demo accounts serve as effective training platforms for both individual traders and those employed within financial institutions. Whether it’s a retail trader or a professional in a hedge fund, these accounts offer vital learning experiences that hone skills effectively. Skill Development and Confidence Building The benefits of demo accounts extend to enhancing both technical and soft skills. Fundamental competencies such as market analysis, strategy formation, and data interpretation can be improved in a low-stakes setting. Meanwhile, soft skills like patience, resilience, and adaptability receive a boost, ultimately shaping a well-rounded trader. Moreover, the journey can build confidence. Since trading can be intricate and losing money can shake one's self-assurance, a demo account provides a haven for refining trading strategies without risking actual funds. This psychological support can significantly influence success in the live markets, where self-confidence is often linked to profitability. How Long Should You Practice? The duration one should spend in a demo account varies, influenced by personal factors. For those transitioning to full-time trading, a minimum of three months is advisable. Though this may seem lengthy, it is a small price to pay for a comprehensive understanding of market dynamics and a variety of trading conditions. The Advantages of Practicing Day Trading in a Demo Account 1- Accelerated Learning Utilizing non-market hours for practice enables traders to quickly accumulate experience, far exceeding what can be gained during regular market sessions. 2- Preparedness for Quick Decisions Day trading requires rapid decision-making skills. Regular practice in a demo account equips traders to respond swiftly to market fluctuations. 3- Intuitive Market Recognition Frequent practice encourages an instinctual grasp of market conditions, vital for timely and effective trading actions. 4- Confidence in Trading Decisions Confidence plays a critical role in a day trader's success. Thorough practice in a risk-free environment allows traders to build confidence before they step into live trading. 5- Adaptability to Market Variability Day traders often experience victories and losses. Practicing within a controlled environment fosters a clear mindset to tackle each trade, essential for adapting to shifting market scenarios. 6- Setting Realistic Income Expectations Repeated practice enables traders to set achievable income expectations, cultivating a sensible outlook prior to committing to full-time trading. 7- Enhancing Chart Analysis Skills A demo account encourages traders to develop chart reading abilities without becoming overly reliant on them, promoting a balanced analytical approach. 8- Personal Trading Style Development The complexities of day trading call for personalized strategies. Regular practice in a demo account allows traders to foster their unique trading styles and embrace accountability for their decisions. 9- Effective Risk Management Practicing with margin in a demo account allows traders to experiment with leverage while treating each trade seriously. Also Read: and now... "Best Practices for Using Demo Accounts" To ensure you maximize the benefits of a demo account, adopt the following strategies: Serious Approach Although no real money is at stake, treating the demo account with seriousness enhances realism and deepens the learning experience. Realistic Capital Allocation Even though demo accounts may offer unlimited capital, traders should simulate an amount similar to their intended live trading capital for a more accurate experience. Maintain Consistent Leverage Using the same leverage plan that you would apply during live trading ensures that your demo experience aligns closely with potential future outcomes. Gradual Transition to Live Trading Transitioning from a demo account to live trading should be done thoughtfully. Test your strategies extensively in the demo environment, simulating real trading amounts, to reduce the likelihood of mistakes once you start live trading. In conclusion... In summary, a demo account is a vital resource for both novice and experienced traders navigating the complexities of financial markets. For beginners, it provides a risk-free avenue to grasp market dynamics and develop essential trading techniques. For seasoned professionals, demo accounts are indispensable for strategy testing, evaluating automated tools, and enhancing both technical and psychological skills. While the ideal duration in a demo account varies from trader to trader, committing to three months is recommended for anyone serious about entering full-time trading. Day traders particularly stand to gain by practicing within a demo setting, allowing them to accelerate skill acquisition, prepare for snap decisions, and foster a robust sense of confidence. The structured environment of a demo account promotes the crafting of personalized trading strategies, the establishment of effective risk management practices, and the ability to adapt to real-world market conditions. Lastly I would like to add this previous lecture to this post, I'm sure will be useful for you... The Psychology Of Trading How To Manage Your Emotions and.. The Benefits of Keeping a Trading Journal for Your Psychology ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
1
Is Further Downward Movement Expected in EUR/USD?The EUR/USD pair has recently broken a significant uptrend line and fallen below a crucial horizontal support level on the daily chart. This initial downward movement was triggered by Donald Trump's victory in the US presidential election. His consistent emphasis on prioritising the local economy has led the market to anticipate protective policies aimed at reducing imports, thereby strengthening the Dollar against the Euro. From a technical perspective, current price action suggests increasing selling pressure, with the pair now approaching a critical support level at 1.0678. Below, we explore two potential scenarios for EUR/USD. Scenario 1: Retracement to the 1.0780 Region Followed by a Subsequent Decline Following the break of the uptrend line, the price may experience a pullback to retest the 1.0780 region, which is likely to act as resistance. This 1.0780 level coincides with a confluence zone formed by the prior trendline and the previously broken horizontal support level, making it a significant area of interest for sellers. Possible Sell Entry: If the price exhibits signs of rejection upon reaching 1.0780, this could present an attractive selling opportunity, with initial targets set at the 1.0678 support level and subsequently at the 1.0470 region, as indicated on the chart. Stop Loss : A protective stop loss could be placed slightly above 1.0830 to safeguard against a false breakout. Scenario 2: Break Below the 1.0678 Support Level The 1.0678 support level has been tested multiple times in recent sessions, rendering it a crucial point. A breach below this level would signify a potential continuation of the downward movement over the next few days. A daily close below 1.0678 could amplify the likelihood of a steeper decline, setting the stage for the next support level around 1.0470. Possible Short Entry: If the price breaks below 1.0678, a short entry could be initiated with initial targets at 1.0610, and a final target positioned at the strong support level of 1.0470, which has been significant since October 2023. Stop Loss : For this scenario, a stop loss could be positioned slightly above 1.0700 to avoid being affected by a false retest of the broken support. Donald Trump's victory has instigated a downward shift in the Euro's value against the Dollar, and this trend is likely to continue in the coming days. Given that EUR/USD is currently at a critical juncture, both outlined scenarios present viable trading opportunities, contingent upon price action in the forthcoming sessions. Careful monitoring of the 1.0678 and 1.0780 levels will be essential for determining the pair’s future direction and validating potential entry points. 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.
Short
by Marketscom
#EURUSD - 08112024EURUSD made a perfect long as per plan given yesterday and it hit the price target, over a 100 pips higher, and it sold down 60 pips off the price target before recovering. Bearish sell down on Thursday followed by a recovery to my sell level yesterday. What's next? I see a possible move for EURUSD to 1.0733 and then we see the reaction off the level; either a higher low for a move higher or a break and a move lower (as per the plan given yesterday). In a way, the move yesterday could be seen as a pullback. And market did sell down after hitting the price target so IMO sellers are present and so could see a move lower first.
by FadeMeIfYouCan
Early Short entry EURUSDNice confluance at 200 EMA and 1.8000 level, gave a worning to sell the EUR, H1 gave us a power close for early entries. At the end off day if we get a nice power close from the sellers, my confidance rating will justify a short on EURUSD. Technical analysis is only conformational step to these positions. A breif description of key factors behind this Position. Recent macroeconomic trends and central bank policies support a bearish outlook on EUR/USD, with fundamental factors converging to strengthen the USD while weakening the EUR. 1. Divergent Central Bank Policies 2. Growth and Inflation Differentials 3. Geopolitical Risks 4. Market Sentiment and Positioning **Conclusion**: The EUR/USD pair appears primed for a short position based on strong USD fundamentals against Euro weakness. This trade capitalizes on the economic and policy divergence between the U.S. and Eurozone and the USD’s safe-haven appeal amidst uncertain global conditions.
Short
by JureBrumen
1
EURUSD 10/11/24Last week’s shift in the EU bias changed our view from short to long. However, as we always say, high-impact fundamentals can move the market, sometimes in line with our bias and sometimes against it. In the case of the U.S. election, the result pushed prices lower. This happened because the USD gained significant strength when the new president was elected. Now, we're back to our more favorable sell bias. With the recent shift lower, the higher timeframe aligns with this bias again, allowing us to target last week’s lows. We have several points to watch for a bearish shift: the supply area in the middle of our current range and the two highs at the top of the range from Friday’s 4:00 AM move. If these highs are taken, we expect price to sell off and continue down to our target lows. There's a possibility of price moving up to the major high we’ve marked, but this is unlikely given our bearish bias. If this happens, we’ll still aim for the target low. A pullback would give us an even better position to sell into that low. As it stands, we have a relatively large fundamental range, so price may fluctuate within this range for some time. Follow your plan and stick to your risk!
by rosshayes
EUR/USD tumbles below 1.0800 on Trump’s tariff planThe EUR/USD pair has declined amid a renewed demand for the US Dollar (USD) during Friday's Asian trading session. Additionally, Donald Trump's proposed tax increases have put pressure on the Euro (EUR) against the USD. Traders are now awaiting the US November Michigan Consumer Sentiment data for further market direction, along with a speech by Federal Reserve official Michelle Bowman later this week. Looking at the technical chart, the EUR/USD pair is currently in a downtrend, trading around 1.0780, down 0.2%. With resistance at 1.080, the pair has faced difficulties and has dropped to the support level at 1.071. Given the current factors, there is a possibility that the EUR/USD pair could break this support level and continue moving lower. Investors need to closely monitor economic data and comments from the Fed to catch any new signals from the market.
by Alisa_Rokosz
Fundamental Market Analysis for November 13, 2024 EURUSDThe Euro-dollar pair remains under pressure on Wednesday, holding just above the 1.06000 level during Asian trading hours. This will mark the fourth consecutive day of losses for the Euro as the pair continues to experience downward momentum. The main factor contributing to the recent EUR/USD weakness is the strength of the US Dollar (USD). The implementation of US President-elect Donald Trump's proposed fiscal policy could stimulate investment, increase government spending and boost labor demand. However, such a surge in economic activity could also increase inflation risks. Minneapolis Fed President Neel Kashkari reiterated Tuesday that the central bank remains confident in its fight against transitory inflation, but cautioned that it is too early to declare complete victory. Kashkari also noted that the Fed will refrain from modeling the economic impact of Trump's policies until there is more clarity on the specifics of those policies. Traders are now focused on the upcoming release of U.S. inflation data on Wednesday for further guidance on future U.S. policy. The core consumer price index (CPI) for October is expected to rise 2.6% year-over-year and core CPI is expected to rise 3.3%. According to a recent study by the London School of Economics and Political Science, imposing 10 percent tariffs on all imported goods, as advocated by Trump, could have a 0.1 percent negative impact on European Union (EU) gross domestic product (GDP). This potential slowdown in economic growth in Europe could further reduce the Euro's momentum against the US Dollar. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
EURUSD and the most important bearish signal in 3 years.EURUSD has been one of the most boring pairs to trade lately, with a clear range of prices. Now, the market broke a trendline meaning that some bearish volatile will appear, which is good for tactic decisions and profit making. On the other hand, this bearish movement could put the price near the support of 1,045, which is the last support before a bear market starts. Do you think there are fundamental reasons to go to parity again?
Short
by TopChartPatterns
EURUSD_116 2024.11.08 06:03:07 Trading Signal SELLFrankPro Signal for EURUSD_116 Type: Screen Signal: SELL TP: 1.07451 SL: 1.07901 Entry Price: 1.07826 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term (next few days):** * The price is expected to go down, with a potential test of the support area near 1.0685. * A break below 1.0704 could signal further declines to 1.0660 and 1.0645. * However, there is a possibility of a corrective advance, with a potential rebound from the lower border of the bearish channel and a rebound from the bullish trend line on the RSI. * The upside is capped by the 50-day Exponential Moving Average (EMA) at 1.0830, adding to the selling pressure. **Long-term (next few weeks/months):** * The overall trend is bearish, with the pair trading below a flat 100 Simple Moving Average (SMA) and a firmly bearish 20 SMA. * The ECB's cautious stance on monetary policy and weak German data suggest limited near-term support for the euro. * However, the analysis mentions a potential growth towards the area above 1.0925 following a rebound from the support area near 1.0685. * The impact of economic data and ECB policy on the pair's long-term trend is uncertain and will depend on future developments. In summary, the short-term outlook is bearish, with a potential test of the support area near 1.0685, while the long-term trend is also bearish, but with a possibility of a rebound and growth towards the area above 1.0925. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the EUR/USD pair: **Short-term (next few days/week):** The price is expected to **go down**. The technical outlook suggests further losses, with potential to revisit the June low of 1.0666 and possibly the 2024 low at 1.0600. The pair has broken below all its moving averages, and technical indicators are firmly bearish despite being in oversold territory. **Long-term (next quarter/12 months):** The price is expected to **stay the same** or **go up slightly**. Long-term forecasts indicate the EUR/USD could trade at 1.08 by the end of the quarter and around 1.06 in 12 months, according to Trading Economics' global macro models. This suggests that the current downward trend may be reversed in the long term, with the pair potentially rebounding from its current lows. Please note that these predictions are based on the analysis provided and are subject to change as new data and events become available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next 24-48 hours)** Based on the current market conditions and forecasts, I expect the EUR/USD price to **go down** in the short term. The bearish momentum, as indicated by the technical analysis, suggests that the pair may continue to decline, potentially testing support levels around 1.0665 and 1.0645. The strong US dollar sentiment, weak Eurozone economic data, and the upcoming Federal Reserve's decision on interest rates (expected to include a 0.25% rate cut) may further contribute to the downward pressure on the euro. **Long-term Analysis (Next week and beyond)** In the long term, the outlook for the EUR/USD pair is more uncertain. While the current bearish momentum may persist in the near term, there are potential upside risks that could lead to a rebound. If the pair holds above key support levels, some forecasts suggest a potential upward movement above 1.0925. Additionally, the impact of the US presidential election and the subsequent policy decisions may lead to a shift in market sentiment, potentially benefiting the euro. Therefore, in the long term, I expect the EUR/USD price to **stay the same** or potentially **go up**, depending on the outcome of the upcoming events and the overall market sentiment. Please note that these analyses are based on the available data and forecasts, and the actual market movements may differ. Result: ST=Down LT=Up
Short
by orbborisson