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EURUSD - Potential Outlook for 03/12/2024EURUSD has completed bullish move and rejected on resistance level. EMA50 is nearing a cross of MA200 and this could potentially open lower levels. Break of resistance will open above levels. 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.
Short
by MarketsPOV
EURUSD: 2 Years Moving Inside a Wide Trading ZoneEURUSD: 2 Years Moving Inside a Wide Trading Zone EURUSD has been moving within a wide trading zone between 1.0450 and 1.1250. This range of about 800 pips has been developing for nearly two years. The pattern began in November 2022, and recently, the support zone around 1.0450 has once again proven to be strong. On the daily chart, EURUSD appears to be starting a bullish trend. The first resistance zones where the price may pause are near 1.0690, 1.0800, 1.0950, and close to the top of the range at 1.1250. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
16
Fundamental Market Analysis for December 03, 2024 EURUSDThe EUR/USD pair is stuck at 1.0500 after the bullish recovery fizzled out. The pair was only able to squeeze out one green weekly candle after hitting multi-year lows around 1.0330. Euro\Dollar failed to push back from the 1.0600 mark as the short-term rebound fades. EUR/USD began another trading week by falling back to familiar short-term lows, failing an attempt to retrace to 1.0600 and pulling back to 1.0500, losing nearly eight-tenths of a percent on Monday. U.S. purchasing managers' index (PMI) data beat expectations but still came in below the 50.0 decline level, lending support to the safe-haven U.S. dollar. European economic data remains sparse in the first half of the trading week, although several European Central Bank (ECB) speeches will be on the agenda. Another week of Nonfarm Payrolls (NFP) looms over the markets, with US net job growth data due out on Friday, and plenty of preliminary labor and wage data to come during the week. ISM's US manufacturing PMI index rose in November, rising to a five-month high of 48.4 against a previous reading of 46.5, beating the forecast of 47.5. Despite the rise in the business expectations survey, the indicator is still in contraction territory below 50.0, meaning that most business operators still see a decline in overall activity in the coming months. Trade recommendation: Watching the level of 1.0600, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
EUR/USD H1 03/12/2024 – Key Levels 1.04950 & 1.05250Consolidation Likely Before Breakout – Key Levels 1.04950 & 1.05250 Daily (D1) Chart Key Observations: Price is currently trading below the 200 SMA (long-term bearish trend). The Ichimoku Cloud suggests bearish sentiment, with price under the cloud and the Tenkan-sen below the Kijun-sen. RSI (39) indicates bearish momentum, but it's not yet oversold. The MACD shows a weak bearish crossover, confirming a lack of bullish strength. Price is consolidating between 1.04950 (support) and 1.05250 (resistance). Conclusion: The D1 timeframe reflects a bearish bias unless there is a strong breakout above 1.05250. 4-Hour (H4) Chart Key Observations: Price has been rejected multiple times at the 1.05250 resistance, with the 200 EMA above current levels acting as a strong resistance zone. Stochastic Oscillator (27) indicates oversold conditions, signaling potential short-term buying pressure. RSI (48) is neutral, leaning toward bearish. The MACD is flat, showing indecision. ATR is low, suggesting limited volatility. Conclusion: A break of 1.05250 would require strong bullish momentum, but failure to breach could push prices lower toward 1.04500. 1-Hour (H1) Chart Key Observations: Price is trading just under the Ichimoku Cloud, signaling short-term bearishness. Stochastic Oscillator (55) suggests mild bullish pressure, but it's losing strength. MACD is slightly positive but flattening, indicating indecision. The 1.05250 level remains a key intraday resistance, while 1.04950 is the immediate support. Conclusion: The H1 chart suggests consolidation with potential for a breakout. A move below 1.04950 could lead to a bearish continuation, while a break above 1.05250 might fuel short-term bullish momentum. 30-Minute (M30) Chart Key Observations: Price has bounced off the 1.04950 support, forming minor bullish candlesticks, but resistance at 1.05250 remains firm. Stochastic is overbought (81), signaling limited upside potential in the short term. MACD is flattening, confirming consolidation. ATR is still low, hinting at range-bound movement. Conclusion: The M30 chart aligns with a short-term consolidation outlook unless we see a decisive breakout. Key Levels to Watch Resistance: 1.05250 (Short-term resistance). 1.05750 (Next upside target). Support: 1.04950 (Immediate support). 1.04500 (Next downside target). Strategy for trade entries Buy Stop Setup (Bullish Scenario): Entry Price: 1.05300 (above resistance). Stop-Loss: 1.05100 (20 pips below entry). Take-Profit: 1.05750 (45 pips above entry). Sell Stop Setup (Bearish Scenario): Entry Price: 1.04850 (below support). Stop-Loss: 1.05050 (20 pips above entry). Take-Profit: 1.04450 (40 pips below entry).
by napoleon182
Master Forex: The Secret to Success Lies in Daily Learning👋 **Dear traders, Let me ask you this: Why are you trading Forex? 💸 Is it for financial freedom? 🏖️ To change your life? 🌟 Or simply to challenge yourself in one of the most demanding arenas on the planet? Whatever your reason, here’s the truth: If you’re not learning every single day, you’ll remain stuck in the cycle of failure. Forex isn’t a game of luck; it’s a battlefield of intellect, discipline, and adaptability. And the only way to sharpen these skills is to make daily education a habit. --- ⚡ Why Daily Learning is the Key to Success Every day in the market is an opportunity to improve. But if you trade without learning, you’re setting yourself up to repeat the same mistakes. Here’s why daily education is essential: - Deeper Market Understanding: News, price patterns, and market sentiment change constantly. Learning keeps you ahead. 📰 - Improving Your Strategy: A winning strategy today may fail tomorrow. Education helps you refine and adapt. ⚙️ - Emotional Control: Knowledge replaces fear. When you’ve studied enough, you’ll trust your decisions and avoid impulsive moves. 💪 --- 📚 How to Learn Forex Daily Effectively You don’t need to spend hours every day learning. Just 30 minutes can make a world of difference. Here’s a simple yet effective routine: 1. Start with Market News Spend 15 minutes in the morning reading reliable sources like Forex Factory or Bloomberg. Economic data like interest rates or GDP reports can have a massive impact on the market. Being informed gives you an edge. 🌍 2. Analyze the Charts Open your favorite currency pair and ask: - What’s the current trend? (Up, down, or sideways?) 🔼🔽 - Where are the support and resistance levels? 📏 - Are there any clear signals from indicators like RSI, MACD, or Fibonacci? 🔍 3. Keep a Trading Journal Write down every trade you make. Not just the results, but also your reasoning and emotions. A journal helps you understand yourself and avoid repeating mistakes. ✍️ 4. Learn One New Concept Daily Dive into topics like Fibonacci today, Order Blocks tomorrow, and Supply & Demand the next day. Small, consistent learning adds up to massive knowledge over time. 💡 --- 🎯 My Journey: From Failure to Mastery Let me share my story. There was a time when my account would bleed losses, and I didn’t understand why. I blamed the market, luck, or even the broker—never myself. But deep down, I knew the problem wasn’t out there; it was me. One day, I decided to change. I committed to learning every single day, even if just for 30 minutes. I read news, analyzed charts, kept a journal, and learned to control my emotions. Six months later, my account stopped bleeding. Instead, it started growing. Success didn’t come from a magical strategy. It came from the daily discipline of learning and adapting. --- 💪 Your Challenge: What Did You Learn Today? Ask yourself: "What have I done today to become a better trader?" If the answer is "nothing," you’re wasting your opportunity. Start now. Learn something new, reflect on your trades, or simply read market news. Success in Forex doesn’t come from luck—it comes from relentless commitment to improvement. --- Thank you for taking the time to read this article. I hope it inspires you to value the power of daily learning in Forex. Remember: Knowledge is the most valuable asset on your journey to success. Wishing you successful trades and continuous growth! 🚀
by Bentradegold
EURUSD Daily Pivot Points Analysis 12-Dec-2024📣EURUSD Daily Pivot Points Analysis Daily R3 - 1.0682 Daily R2 - 1.0630 Daily R1 - 1.0565 Daily Pivot Point - 1.0513 Daily S1 - 1.0448 Daily S2 - 1.0396 Daily S3 - 1.0331 ✅ Today's Daily Pivot Point was lower than yesterday, indicating a slight increase in the bearish momentum established yesterday but nothing significant. EURUSD is still holding strong around the Daily Pivot Point and lacks overall direction. The price has been developing around the Daily Pivot point for about one month. Since EURUSD is still strong, this could help the Euro recover again. ✅ If EURUSD moves up from the current price zone the first resistance will be found near Daily R1 - 1.0565; Daily R2 - 1.0630 and maximum Daily R3 - 1.0682. These areas can push EURUSD down again to the Daily Pivot Point - 1.0513 ✅ If EURUSD moves down from the current price zone the first support will be found near Daily S1 - 1.0448 ; Daily S2 - 1.0396 and maximum Daily S3 - 1.0331. These areas can push EURUSD up again to the Daily Pivot Point - 1.0513 ✅ I think that the bullish scenario has more chances ——————————————————- A pivot point is an intraday technical indicator that's used to identify trends and reversals in equities, commodities, and forex markets. Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish and vice-versa. ——————————————————- You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
1
EUR/USD: Strategic Short Opportunities UnveiledThe EUR/USD pair is entering a clear bearish correction phase on the 1-hour timeframe. With selling pressure from the OB Zone and strong bearish signals from the EMA indicators, the price is expected to continue moving towards lower support levels. Suggested Trading Strategy Entry Points (Short Entry): Open a short position when the price slightly retraces to the OB Zone (~1.0522-1.0538). Alternatively, consider entering a short trade if the price breaks below the nearest support level without retracing. Take Profit (TP): TP1 at 1.0460. TP2 at 1.0385. Stop Loss (SL): Place the stop loss above the OB Zone (~1.0540), as this is where the price may trigger an unexpected reversal.
Short
by Jack5cu
EURUSD 1HR CHART UPDATEThe euro (EUR) has shown mixed performance recently, with potential for further pullbacks depending on evolving economic factors. Market sentiment is cautious due to persistent weaknesses in the Eurozone's manufacturing and services sectors, especially in key economies like Germany and France. Furthermore, the European Central Bank (ECB) is expected to maintain a dovish stance, including possible rate cuts in the near term, which could limit upward momentum for the euro. On the other hand, if U.S. Federal Reserve policies lean toward easing interest rates in 2024 due to moderating inflation, the dollar could weaken, providing some support to the euro. Analysts forecast the EUR/USD pair could reach a range of 1.15 to 1.21 by late 2024, but downside risks remain if Eurozone economic recovery falters or if the ECB signals more aggressive monetary easing. This scenario underscores the importance of closely monitoring central bank policies and economic indicators for trading or investment decisions.
Short
by SadarExplore
EURUSD Next possible moveSAXO:EURUSD Title "EUR/USD Intraday Analysis: Bearish Pressure Resumes | Post-NFP Decline" Market Context "EUR/USD faces selling pressure today, reversing gains from last week. The pair has broken below key intraday support levels, driven by a stronger USD following Friday's NFP report. The dollar gains traction as the market leans towards a more hawkish Fed outlook." Technical Analysis *"Today’s sell momentum is confirmed by multiple bearish signals: Price Action: The pair broke below the 1.0520 intraday support, creating lower highs and lower lows on the H1 chart. EMA Bearish Crossover: Price is trading below the 20 and 50 EMAs, signaling potential further downside. RSI: Dropped below 45, indicating increasing bearish momentum. MACD: Negative histogram bars have expanded, confirming downward pressure. Key Levels: Support: 1.0500 (critical), 1.0475 (next potential target). Resistance: 1.0535 (intraday), 1.0555 (major). A move above 1.0555 would invalidate the bearish setup."* News Context "Upcoming: Market awaits U.S. ISM Services PMI later today, which could further support the dollar if results exceed expectations. Previous: NFP data on Friday indicated a resilient U.S. labor market, bolstering Fed rate hike speculation." Call to Action "Do you expect EUR/USD to test lower support levels, or is this sell-off a temporary correction? Share your views in the comments!"
Short
by RBSBALA