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Check 350.47 support (HA-MS indicator interpretation method) Hello, traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- (HD 1D chart) Can the HA-MS indicator be applied to stock charts?!!! The conclusion is that it can be applied to all charts. However, since the stock market is traded one week at a time, you cannot collect stocks corresponding to the profit of the coin market. Since the coin market can be traded in decimals, you can create a medium- to long-term trading strategy by selling the purchase amount when realizing profit and collecting the number of coins (tokens) corresponding to profit. The basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator. However, when conducting short-term trading, you need to be careful to check whether the price is above or below the M-Signal indicator on the 1M chart. If the price is below the M-Signal indicator on the 1M chart, you need to respond quickly and quickly in the form of day trading. Therefore, it is important to find stocks that maintain their price above the M-Signal indicator on the 1M chart if possible. If you are familiar with day trading, you can conduct trading according to the basic trading strategy regardless of the location of the M-Signal indicator on the 1M chart. However, since the HA-Low or HA-High indicators are intermediate values, they may proceed in the opposite direction to the basic trading strategy depending on whether there is support. In other words, if the HA-Low indicator is resisted and falls, there is a possibility of a stepwise downtrend, and if the HA-High indicator is supported and rises, there is a possibility of a stepwise uptrend. To confirm this, you need to check the movement of the auxiliary indicator PVT-MACD oscillator indicator and the OBV indicator consisting of the Low Line ~ High Line channel. One thing to keep in mind here is that there are differences depending on the situation, whether it is a decline or an increase. In other words, if the HA-Low indicator declines, there is a possibility of a stepwise decline, but the end is an increase. This means that if the HA-Low indicator shows a stepwise decline, you should focus on finding the right time to buy. On the other hand, if the HA-High indicator rises, there is a possibility of a stepwise rise, but the end is a decline. Therefore, if the HA-HIgh indicator shows a stepwise rise, you should focus on finding the right time to sell. ---------------------------------------------- Looking at the current price position based on the above, the price is located near the HA-Low indicator. However, since the price is located below the M-Signal indicator on the 1M chart, it is recommended to approach the transaction in a short and fast short-term trading (day trading) manner. The PVT-MACD oscillator indicator is showing a downward trend below the 0 point. In other words, it should be interpreted that the selling force is dominant. The OBV indicator is showing signs of breaking through the Low Line upward. However, since the Low LIne ~ High Line channel is not showing an upward trend, caution is required when trading even if the price is rising until it turns into an upward trend. Therefore, the key is whether there is support near 350.47, which is the HA-Low indicator point. If it receives support and rises above the M-Signal indicator of the 1M chart and maintains the price, it is highly likely to turn into an upward trend. At this time, since the HA-High indicator of the 1M chart is formed at the 363.37 point, there is a high possibility that it will act as resistance near this point. Therefore, if you are going to make a mid- to long-term investment in this stock, it is recommended to check for support near 363.37 or near the M-Signal indicator on the 1M chart. Otherwise, if you are thinking of buying in installments, you can buy whenever it shows support on the HA-Low indicator regardless of the M-Signal indicator on the 1M chart. This is because the end of the stepwise downtrend on the HA-Low indicator is ultimately an uptrend. - Thank you for reading to the end. I hope you have a successful transaction. --------------------------------------------------
NYSE:HD
by readCrypto
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? On the GBPUSD chart, we can see that the price has repeatedly tested a key resistance zone but failed to break above it, resulting in multiple rejections. After forming a rising wedge pattern, the pair has broken down below the wedge, and is now completing a pullback toward the broken trendline. We expect that after some consolidation in this area and completion of the pullback, the price will likely resume its decline toward lower targets. As long as price remains below the resistance zone and broken trendline, the bearish scenario remains valid. Is the pullback complete and ready for the next leg down? Share your view below! 🤔👇 Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
11
How We're Earning A 14%+ Yield Selling Puts On CircleWe’ve long been eager to invest in Circle Internet Group (CRCL), the issuer of USDC, due to its vital role in the crypto ecosystem and straightforward revenue model. After years as a private company, CRCL recently went public, and its stock has rocketed—from an IPO range of $27–28 to over $240—yielding a ~780 % return for early investors in just weeks. 🏦 Why CRCL Matters Stablecoins at the core: CRCL issues USDC (USD-backed) and EURC (euro-backed), enabling fast, low-cost transfers, lending, and payments across crypto platforms and institutions. Infrastructure built for compliance: With a transparent, regulatory‐friendly setup, CRCL is poised to benefit from institutional adoption and improved global financial inclusion. Favorable regulation incoming: A pro-stablecoin bill passed the U.S. Senate last week, potentially streamlining fragmented rules—a huge win for CRCL’s legitimacy and future growth. 📈 Revenue & Scalability Interest income engine: CRCL earns revenue by investing reserves (from issued stablecoins) in treasuries and cash securities. Low incremental costs: Issuing more stablecoins doesn’t significantly raise costs, giving the business strong operating leverage. Cyclical dependence on interest rates: As the Fed signals rate cuts, CRCL’s margins and profits may experience pressure despite growing stablecoin usage. 💰 Valuation Concerns Stratospheric multiples: With a market cap of ~$52 billion against ~$1.8 billion in annual revenue, CRCL trades at ~29× sales and ~305× earnings—levels we find tough to justify given the interest-rate dependency. Short- to medium-term softness: With expected rate cuts, we believe near-term margins could contract, likely keeping multiples high or valuations pressured. 🔧 Our Preferred Strategy: Selling Puts Rather than buying CRCL outright at these levels, we’re selling put options—specifically the October 17th $80 strike puts, currently priced around $3.80: Attractive yield: Generates about 4.5 % over 117 days, annualized to ~14.3 %. Flexibility: If CRCL stays above $80 by October, we pocket the premium; if it falls below, we buy at an effective cost basis near $76.20—a steep discount (66 %) to today’s stock price ($240). Risk‑reward balance: We get income now, plus optionality to own CRCL at a safer valuation if assigned—potentially capturing long-term upside without front-loading risk. ⚠ Risks to Watch Assignment downside: If CRCL collapses to zero, we’ll still owe $80/share—mirroring stock-ownership risk. Interest-rate sensitivity: Profits remain tied to rate levels; moves down could crimp margins even if adoption grows. Systemic risks: Any regulatory, technical, or confidence failure around stablecoins or USDC could materially impact CRCL. 🧭 Our Conclusion We see CRCL as a high-potential yet pricey bet today. However, selling deep out-of-the-money puts allows us to capture compelling yield while preserving upside optionality to own shares at a discount. It blends income generation with strategic positioning in a high-conviction long-term theme. Rating: Hold — we prefer income and optionality over full exposure at the current valuation.
NYSE:CRCL
by PropNotes
USDT.D LONG - MID TERM PLANUSDT.D is one of the best tools to understand what's happening in the crypto market. It shows the dominance of USDT across the entire space — and has a strong inverse correlation with BTC and crypto assets. Technicals: USDT.D is approaching its long-term support trendline. I expect a deviation below that line — possibly toward the 0.75 Fibonacci level — before a strong move up. That move could last 1–3 months, which means more downside for alts during this time. Plan: Shorting altcoins — especially ETH-related tokens and memecoins. Looking to buy back around early August.
CRYPTOCAP:USDT.DLong
by UA_CAPITAL
9
Gold Falling Toward 3345 Support📊 Market Overview After failing to break the 3,389 resistance zone this morning, gold remains under pressure from profit-taking and a stronger USD. The price has dropped to around $3,360/oz, reflecting defensive sentiment amid ongoing geopolitical tensions in the Middle East. 📉 Technical Analysis • Key Resistance: 3,389 – 3,400 • Nearest Support: 3,345 – 3,324 • EMA-09: Price is below the EMA-09 on the H1 chart → short-term bearish trend • Candle Patterns / Volume / Momentum: o M15 & H1 candles remain bearish o RSI hovers around 45 → indicating continued correction o No clear reversal signals yet 📌 Outlook Gold may continue to decline slightly in the short term if the USD stays strong and no geopolitical surprises arise. However, the 3345 support zone could attract dip buyers. ________________________________________ 💡 Suggested Trading Strategy 🔻 SELL XAU/USD at: 3,360 – 3,365 🎯 TP: 3,335 – 3,325 ❌ SL: 3,372 🔺 BUY XAU/USD at: 3,320 – 3,324 🎯 TP: 3,340 – 3,344 ❌ SL: 3,310
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Market Analysis and Trading Recommendations for TodayLast Friday, the overall gold price on the technical side continued to be under pressure, retracing and oscillating in adjustment. Eventually, it stabilized at the 3340 level before the close, rebounding and oscillating to close. The daily K-line reported an oscillating digital K. The overall gold price continued the recent suppressed oscillating consolidation. However, over the weekend, the US military attacked Iranian nuclear facilities, intensifying geopolitical tensions in the Middle East, and market risk-aversion sentiment heated up. This morning, the gold price gapped up, piercing the 3390 level, reaching a high of around 3398 before retracing and falling into oscillation. In the short term, it is highly probable that the gold price will continue to operate in a wide-ranging oscillating interval between long and short positions, continuing to trade time for space. Although the gold price opened high and moved low, it still has not broken the long-term trend channel. Looking for opportunities to go long on retracement is also the current trend. From the current market trend, today's technical support on the downside focuses on around 3350 - 3345, and the short-term resistance on the upside is around 3380 - 3385, with a key focus on the 3395 - 3405 level. For the day, first, rely on this interval to maintain the main tone of participating in the long - short cycle. For positions in the middle range, always observe more and trade less, and be cautious about chasing trades. Patiently wait for key points to enter the market. XAUUSD buy@3345-3355 tp:3370-3390-3410 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
OANDA:XAUUSDLong
by EvanField
$Entire Market - MASSIVE MOVE COMING SOONSo to keep things short, i've just seen the most massive move in my data i've ever seen in the history of my data. Moves like this indicate an extreme event in the world being priced in. NEVER in the history of my data have i seen this kind of move in ANY stock and it's being shown in almost ALL stocks. I think that at some point in the next 14 days we're going to have a massive 4-6 Sigma event either being rate cuts or war stuff. I don't know what it can be myself but i see the state of the world + the absolutely mind boggling move in the data and can put 1+1 together. This combined with my AI having sold all stocks on Friday... yeah. Something is being priced in. I had in fact thought this was like a GME thing cause i first saw it in GME's data but it's in fact a move in data for ALL stocks and happened on Friday. My dumbass bought GME on Friday thinking we were gonna see a move next week. To keep things short the TLDR is: -MASSIVE MOVE SOON (Next week - Maybe the week after) -Likely direction is BIG DOWNS OR BIG UPs. Only huge outsized moves coming. -How to play it: Straddle for safety. Puts for big risk big return. I think we're dropping like -$100 bucks on SPY within a month based on this alone. Won't bet on it until my AI says to do so however. Right now it's just sold all stocks, hasn't bought puts yet or bought calls. Also something like -15 bucks on TQQQ and GME to $11. That or the exact opposite with some absolutely batshit insane ripper due to announcing to replace Jpow and doing rate cuts as soon as next week. It's either this or actual war, but anyway something's being priced in HARD and across the ENTIRE market. This kind of move is going to happen soon and quick, with this kind of insane liquidity, something is going to break... Not gonna share future updates on the data for this event as to keep some secret and for myself to make money without affecting this trade by informing half the internet. Might eventually make it into a subscription thing on my website for those really interested but for now nah.
NYSE:GMEShort
by leenixusu
1
Mechanical rangesMany traders will talk about things like "Smart Money Concepts" (SMC) and think they have found something new. The truth is, everything in trading stems back to Liquidity. There is no "Algo" nobody is out to get you specifically. The market is always right, where you position yourself is your own choice. I have written several posts on mechanical trading, recorded a number of streams. The more mechanical you can make the process, the less the emotions have a chance to kick your ass. Let me give you a very simple method of being able to identify the ranges. Ignore the timeframes as this will work on any of them, on most instruments. (I say most, as some behave differently due to how it attracts liquidity). Lets assume high end crypto such as Bitcoin (BTC) and of course Forex in the general sense, stocks, commodities etc. This is simple - only 2 rules. You start by zooming out and giving yourself a general feel for the trend. Let's say this looks to be an uptrend - we now need to understand the rules. An opposing candle can simply be defined by a different colour. If the trend is up (Green) and we see a red candle - then it's an opposing candle. The inverse is true, if we are down and the trend is Red. Then a Green candle would be opposing. This is only half of the story. The second rule is a pullback candle or even a sequence of candles. This simply means either the very same opposing candle that doesn't make a new high or low (depending on the trend up not making fresh highs or down not taking new lows). In this image, you can see we have in one candle both an opposing and pullback in one candle. This means we can now mark the high of the range. Working backwards to identify the swing range low. This easy method means I can draw a range exactly the same and mechanically every single time. Giving me a mechanical range. We could then get a lot more technical by looking for liquidity, 50% of the range or places such as supply or demand areas. But these are all for other posts. For now, getting a range on the higher timeframes means you can work down and down into a timeframe you are likely to want to trade on. These ranges will give clues to draws and runs of liquidity. This will also help identify changes in the character and fresh breaks of structure. Here's another post I posted on the mechanical structures and techniques. More in the next post. Have a great week! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principal trader has over 25 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
9
BTC, Selling pressure below 100K, 23 JunePlan BTC today: 23 June 2025 Related Information:!!! Market capitalisation fell to $3.03 trillion over the weekend, likely due to speculators expecting a sell-off in response to US strikes on targets in Iran. However, the limited reaction from traditional financial markets brought buyers back to the crypto space, showing their willingness to buy at a discount and pushing market capitalisation back up to $3.12 trillion. The cryptocurrency sentiment index dropped to 42 on Sunday, its lowest level in two months, but rebounded to 47 at the start of the new week, moving from the fear zone into neutral territory. Bitcoin slipped to $98K over the weekend, briefly touching the classic support level at 61.8% of the April–May rally. However, by the start of the European trading session, it had already recovered to around $102K, compared to $102.7K at the beginning of Sunday. Still, last week’s sell-off broke the 50-day moving average support, weighed down by external factors. A breakout from the $96K–$105K range will likely determine the direction of the next major move personal opinion:!!! Selling pressure caused gold price to drop below 100k yesterday, macro economy has not changed much. Gold price continues to suffer selling pressure Important price zone to consider :!!! support zone : 100.800 ; 98.200 Sustainable trading to beat the market
Short
by JJainy
3
How to Manage Emotions in Trading? One Word: DisciplineHow to deal with emotions? If you don't feel like reading a long explanation — here's the short answer: Discipline. There are two typical emotional traps in trading: 1. After a big loss: You feel the urge to recover quickly. Emotions kick in: despair, paralysis, frustration, snapping at loved ones — the classic downward spiral. 2. After a big win: You feel like a king. “I’ve figured out the market. I’m unstoppable.” This leads to overconfidence, oversized positions, increased risk, and careless spending of profits — all while forgetting that black swans do exist. What’s the cure in both cases? Discipline. That’s your weak spot in both scenarios. When you lose a lot, you shouldn’t even allow deep drawdowns to begin with. Set clear exit rules: 1. Hard stop-losses. 2. A maximum loss limit (ideally 5–10% of capital), after which you completely exit all positions and take a minimum one-month break from charts and trading activity. This protects your capital and — even more importantly — your mental health. If you can’t follow your own stop-loss or take breaks when needed — then you don’t need emotional advice. You need to work on discipline. When you feel euphoric from profits, this is trickier, but also manageable. Reduce your position sizes after a major win or take a 2–3 day break to reset your brain and step back from emotional excitement Again — the tool that helps here is discipline. So how do you build that discipline? Discipline isn’t just about trading. It’s a life skill that touches everything — from health to finance to habits. Here's how to develop it: Start with physical training Yes, really. If you’re new, aim for 30 minutes of exercise, 3 times a week. Even if you’re tired halfway, just walk in place — finish the 30 minutes. This trains your brain to complete what it starts, no matter how you feel. The self-discipline from training your body will spill into every other area of your life — including trading. Build simple habits Start small: Get up at the first alarm Make your bed right after waking up Put away clothes properly Clean your shoes after coming home Pick 2–3 micro-habits, and once they stick, your "discipline muscle" will grow. Over time, it becomes a natural skill. Don’t expect results in the first week Give yourself 30 days, and you’ll see real change.
OANDA:XAUUSDEducation
by kventinka
1
EUR/USDScenario 1: Bullish Reversal (If current FVG support holds) Bias: Short-term bullish, looking for a continuation of the bounce. Rationale: The price responded positively to an earlier low and is completing an FVG at this juncture. If this FVG is supported and the price breaks out above the latest bullish order block, then a reversal may be signaled. Entry: Wait for a clear break and test back to the current high range or a demonstrated bullish candle pattern in the FVG area being filled. An entry might be at about 1.1520-1.1530 should confirmation be observed. Target: The following big resistance level, which could be the liquidity pool ($S) at 1.1540, and thereafter, at 1.1580-1.1600, the Stop-Loss: Below recent low or an important support level, i.e., below 1.1500 or current Bullish OB. Scenario 2: Continuing Bearish Pressure (In case current FVG gets filled and it fails to hold) Bias: Short-term bearish, expecting to see a continuation of the downtrend after the FVG is filled. Rationale: If it extends this ongoing FVG and then shows signs towards rejection (e.g., bearish candlestick patterns, failure to break through resistances), it could be signaling continuation in the prior downtrend. Entry: Look for bearish confirmation after the FVG fills, which would be a break down through the newest low or low side of the current range. Potential entry would be at 1.1500-1.1510 on a confirmed break down. Target: The "Bullish OB" around 1.1440-1.1450, and potentially the lower FVG around 1.1400. Stop-Loss: At or higher than the newest swing top or key level of resistance, e.g. 1.1530-1.1540 Relevant Factors: Risk Management: You should always use appropriate position sizing and use a stop-loss to manage your risk. Confirmation: Hold out for firm price action confirmation before entering any trade. News Events: Be aware of any scheduled economic news releases or events that could impact EUR/USD, potentially creating huge volatility. Bigger Timeframes: Always consider the bigger picture context (i.e., day, week) in order to obtain a general trend.
by HUGOF
13
Cybersecurity Strength Makes It a Stable Long-Term Bet Targets: - T1 = $68.31 - T2 = $72.05 Stop Levels: - S1 = $64.34 - S2 = $59.69 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Cisco. **Key Insights:** Cisco continues to demonstrate stability in the tech industry, primarily fueled by its strong cybersecurity initiatives. With increasing concerns over digital threats globally, Cisco's dedication to cybersecurity provides a reliable growth channel that sets it apart from many competitors. Additionally, its diversified IT solutions portfolio, ranging from networking to software-defined technologies, underscores its consistency in capturing market share despite macroeconomic headwinds. However, there is a notable limitation in Cisco's alignment with the rapidly evolving AI sector. While many peers capitalize on AI-focused growth opportunities, Cisco's emphasis remains balanced toward traditional IT and cybersecurity. This could temper some upside potential in comparison to more aggressive AI-focused competitors. **Recent Performance:** Cisco has exhibited resilience within the tech sector, having steadily moved higher from its lows in prior quarters. Its price has benefited from the firm's strategic focus on expanding cybersecurity offerings, while its overall revenue progression shows stability despite the sector fluctuations. The stock remains a favorite amongst value-focused investors due to its dividend reliability and relatively low volatility characteristics. **Expert Analysis:** Market professionals highlight Cisco's key strength in cybersecurity as a stable, high-growth segment of the broader tech market. This focus aligns well with expanding global demand for robust security solutions across industries. However, analysts caution about possible growth disparity as AI-driven companies take center stage in the next big wave of technological evolution. Despite this, Cisco's broader product suite and well-established market position support its bullish outlook for medium-term appreciation. **News Impact:** Cisco's role as a key constituent in high-dividend ETFs like SCHD reflects its reliability and attractiveness to income-focused investors. Additionally, ongoing partnerships and digital security certifications have boosted its market perception in the cybersecurity domain. Investors should keep an eye on potential announcements concerning AI alliances or product expansions, as such developments may serve as catalysts for stronger stock performance. **Trading Recommendation:** Based on its steady growth trajectory and emphasis on digital security solutions, Cisco presents a compelling case for sustained upside potential. The stock's current position supports a long trade, with targets reflecting reasonable appreciation within its growth bandwidth. Strategic stop levels align with prudent risk management to mitigate against broader tech volatility. For investors seeking stability in an increasingly uncertain global market, Cisco represents a solid addition to portfolios aiming at moderate long-term returns.
NASDAQ:CSCOLong
by CrowdWisdomTrading
Crude Oil Testing $75 Resistance with Key Price Movements Targets: - T1 = $78.00 - T2 = $80.50 Stop Levels: - S1 = $74.00 - S2 = $72.50 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Crude Oil. **Key Insights:** Crude Oil has been holding strong amid mixed macroeconomic data, with traders noting resilience around the $75 price level acting as a key support. Recent production cuts by OPEC+ have further tightened supply, providing support for bullish sentiment. Dollar weakness also boosts commodity prices, as global markets eye policy decisions from central banks. Additionally, technical indicators suggest upward momentum is building. RSI levels are nearing overbought zones but remain favorable for a continued upward push. Moving averages show upward crossover patterns, signaling strong bullish possibilities. **Recent Performance:** Crude Oil has seen fluctuating performance over the last month, with prices rebounding from lows of $72 and climbing steadily to current levels. A temporary pullback earlier in the week was followed by renewed buying interest, demonstrating the strength of underlying bullish sentiment despite volatile macroeconomic conditions. **Expert Analysis:** Industry analysts highlight that geopolitical risks and tightening supply conditions could lead to further upward price pressure. The $75.13 level corresponds to a critical juncture that traders are closely watching for breakouts. A breach above this level would likely signal further upside momentum, potentially reaching the $80 mark as broader optimism prevails. **News Impact:** Recent news surrounding OPEC+ production strategies and lower inventories in key storage hubs like Cushing have contributed to bullish sentiment. Simultaneously, macroeconomic factors — including U.S. inflation data and Federal Reserve remarks — are influencing crude oil’s directional moves, albeit in a secondary role. **Trading Recommendation:** A bullish position is recommended on Crude Oil as it continues to show potential for a breakout above current resistance levels. Traders should aim for targets of $78.00 and $80.50, using stop-loss orders at $74.00 and $72.50 to mitigate downside risks. Current technical setups and macroeconomic signals support upward momentum, making this a favorable opportunity for disciplined trading.
NYMEX:CL1!Long
by CrowdWisdomTrading
Euro Poised for Upside: Will $1.18 Be the Next Key Level?Targets: - T1 = $1.17075 - T2 = $1.18075 Stop Levels: - S1 = $1.14075 - S2 = $1.13075 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Euro. **Key Insights:** The Euro is currently positioned for potential upside, supported by the European Central Bank's (ECB) cautious approach to monetary policy. ECB President Christine Lagarde’s statements regarding inflation targeting have reinforced confidence in the currency, creating a stable outlook amidst broader global uncertainty. Additionally, improvements in European economic data—particularly stronger-than-expected manufacturing PMI figures—have increased bullish sentiment among professional traders. Forex traders are closely watching upcoming inflation reports and employment statistics for additional confirmation of a continued uptrend. Technical indicators, such as rising Relative Strength Index (RSI) levels and bullish moving average crossovers, suggest further upside momentum. Breakouts above psychological levels, such as $1.17000, could drive stronger buying activity and potentially pave the way for the Euro to test higher resistance levels. **Recent Performance:** The Euro has demonstrated resilience in recent weeks, hovering around the $1.15075 mark. Despite fluctuations due to mixed signals from equity and bond markets, the Euro has benefited from safe-haven inflows as geopolitical tensions brew in other parts of the world. Additionally, its stability has kept it among the top-performing currencies within the G10 forex universe. **Expert Analysis:** Forex market analysts are broadly in agreement about the potential near-term strength of the Euro. The ECB’s patient approach to monetary tightening is seen as providing a consistent support mechanism for the currency. Furthermore, the Euro has gained traction against traditionally weaker currencies such as the Japanese Yen and the British Pound, presenting further arbitrage opportunities for traders. Technicians point to the importance of $1.17000 as a crucial level to test before further gains can be realized. A confirmed breakout could lead to extended upside, potentially reaching $1.18 or more. However, downside risks remain, especially if the Dollar strengthens unexpectedly due to hawkish Federal Reserve policy or significant geopolitical escalations. **News Impact:** Recent news surrounding improved trade agreements between the UK and Europe has reduced uncertainty and supported the Euro as bullish sentiment grows. However, traders should remain cautious of geopolitical risks, including recent tensions in the Middle East, which could create safe-haven flows into other currencies like the Swiss Franc or US Dollar. Regulatory challenges facing US technology firms in Europe are also shaping broader equity movements that could indirectly influence the Euro's performance. **Trading Recommendation:** Based on bullish sentiment from professional traders, improved technical metrics, and the ECB’s supportive policies, we recommend a LONG position on Euro. The current price action suggests the probability of an upside breakout, with targets of $1.17 and $1.18 offering potential rewards. Ensure stops are placed thoughtfully within the levels outlined to mitigate risks from broader market volatility. This trade provides a promising opportunity to capitalize on the Euro’s relative strength.
Long
by CrowdWisdomTrading