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EUR/USD Poised for a Breakout – Real Move or Fakeout?EUR/USD continues its sprint within an ascending channel, fluctuating between support at 1.0403 and resistance at 1.0596. While buyers are trying to maintain control, the 1.0532 resistance remains a tough barrier to break. The upcoming Manufacturing PMI data will be the key catalyst for the next move. If the report exceeds expectations, the euro could surge toward 1.0600. On the other hand, a weak reading may trigger a pullback toward lower support levels. Trading Strategy: Buy Setup: Wait for a retest of 1.0403, enter long on confirmation, targeting 1.0532 – 1.0596, with a stop-loss at 1.0380. Sell Setup: If price fails to break 1.0596, consider short positions targeting 1.0532 – 1.0403, with a stop-loss at 1.0620. Breakout Play: A strong breakout above 1.0596 could open the door for a rally toward 1.0650 – 1.0700. Note: The PMI data release could be the trigger for EUR/USD's next explosive move – stay alert!
by Zanka_
EURUSD: This is a temporary rebound inside a long term Bear FlagEURUSD has turned bullish on its 1D technical outlook (RSI = 59.188, MACD = 0.002, ADX = 17.971) but on the 1W timeframe this short term recovery is nothing but a Bear Flag on the aggressive decline that has started last September. The 1D RSI pattern is basically repeating the Bear Flags of January 2022 and August-September 2018 and the lowest target has been the 0.85 Fibonacci level. We expect it to reach this level again sooner or later. Go short, TP = 0.98150. 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. ##
Short
by InvestingScope
EURUSD About to turn bearish again on Double StructureThe EURUSD pair has been on a Bullish Leg since the February 09 Low and is approaching the January 27 High, which is its technical Resistance level. Technically, every such test has been rejected down to at least the 0.786 Fibonacci level but since we might be within a Channel Up, it is possible to see one last push to complete a +2.68% rise from the February 09 Low. The 0.786 Fib then will fall below the Channel Up so to account for that technical miss of support, our Target will be the 0.618 Fibonacci level at 1.03125. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
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
XAU/USD: A Possible Correction? (Read the caption.)Analyzing the gold chart on the 30-minute timescale reveals that, as expected, the price corrected to $2858 following yesterday's study. However, it rapidly recovered, gaining 240 pips to set a new all-time high of $2882. Today, we finally had a pullback from $2882 to $2848, and gold is currently trading around $2868. If the market manages to stabilize below $2873.5 and is strongly rejected from this level, we may witness a fall down to depths under $2850. With increasing market volatility and important macroeconomic events on the horizon, traders should exercise caution. Price activity near these levels will be key in deciding the next move, as gold responds to fundamental variables such as inflation data and geopolitical developments. Monitoring price activity near support and resistance levels will be critical for spotting potential trading opportunities. Please support me with your likes and comments to encourage me to share more analysis with you and share your thoughts on the potential trend of this chart with me! By Nexus Trades Zone
FX_IDC:XAUUSDShort
by NexusTradesZone
EURUSD: 4H Bullish Cross not so bullish historically.EURUSD is neutral on its 1D technical outlook (RSI = 49.247, MACD = -0.001, ADX = 21.205) and just formed a 4H Bullish Cross between the 1D MA100 and 1D MA200. This hasn't had a bullish effect in the past 12 months as the two times we saw it in 2024, it immediatelly market the top of the short term trend and caused pull backs to at least the 0.618 Fibonacci level. Consequently we will use it as an instant sell signal (TP = 1.02625). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EUR/USD – Smart Money Move Incoming!Here’s a **simple and professional TradingView description** for your post: --- 📢 **EUR/USD Wave Analysis – Key Levels to Watch!** 🔥 🚀 **Market Overview:** EUR/USD is following a **five-wave Elliott structure** with a potential **Wave 4 retracement** before further downside. The key zones to watch: 🔹 **Support Zone:** 1.02052 - 1.00923 (Possible Wave 5 target) 🔹 **Resistance Zone:** 1.06664 (Potential Wave 4 completion) 🔹 **Key Level:** 1.02923 (Crucial reaction point) 💡 **Trading Insight:** We may see a short-term pullback towards **1.06664** before the final drop to **1.00923**. Watch for **price reaction at resistance** before entering a trade. 📊 **Patience is key. Follow the structure, manage risk, and stay ahead of the trend!** 🚀 #GreenFireForex #EURUSD #SmartMoneyConcepts #ForexAnalysis #ElliottWave #PriceAction
by Greenfireforex
EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower: Click chart above to see the detailed analysis👆🏻 For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon. Levels to watch: $1.090, $0.970 Keep your long term vision, Philip (BasicTrading)
Short
by basictradingtv
12
$EUNITR - Europe Interest Rates $EUNITR (January/2025) source: European Central Bank - The European Central Bank lowered its key interest rates by 25 bps in January 2025, as expected, reducing the deposit facility rate to 2.75%, the main refinancing rate to 2.90%, and the marginal lending rate to 3.15%. This move reflects the ECB’s updated inflation outlook, with price pressures easing in line with projections. While domestic inflation remains elevated due to delayed wage and price adjustments, wage growth is moderating, and corporate profits are absorbing some inflationary effects. Despite persistent tight financing conditions, the rate cut is expected to gradually ease borrowing costs for firms and households. The ECB remains data-driven and has not committed to a predetermined rate path, emphasizing a cautious approach to ensuring inflation stabilizes at its 2% target.
ECONOMICS:EUINTR
by Mr_J__fx