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Eur\usd

EURUSD: Potential USD Strength On Trump Election MomentumHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09000 support and resistance area. I would also consider the ongoing Elections in the US, if Trump wins as he is bullish the Dollar we should see a significant downsides in the Dollar. Trade safe, Joe.
Short
by JoeChampion
4
EURUSD targeting 1.0500 after the 1W MA100 rejection.Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish: The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015. As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500. Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs. ------------------------------------------------------------------------------- ** 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: Get ready for a fast short.EURUSD is neutral on its 1D technical outlook (RSI = 53.619, MACD = -0.004, ADX = 44.229) as it has started the new bullish wave following the test of the 1 year HL trendline but on 1H it got overbought (RSI = 76.034) rebounding very aggressively on its 1H MA50. That is fairly similar to the October 30th rebound of the bullish wave that topped upon a +1.15% rise. We are approaching that % increase so get ready to short. So far we have had two pullbacks of -0.56% each, an amazing display of symmetry inside the Channel Up. That is our target on the short term (TP = 1.08950). 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 Flat To Start November Elections Ahead The EURUSD has been quite flat to start the month of November. The current market price is hovering around 1.08730, which is within about 10 pips of the November month open price. Today the Bank of Australia will be releasing new data regarding interest rates, this could possibly give some volatility to the market for US pairs. Don't forget that the US Federal Election will be held tomorrow. Traders will be looking for a spike, for now we will be waiting for the news.
by ilyaskhan1994
EURUSD 3/11/24This week, our bias on the Euro has shifted from short to long. This change is based on observing a shift in the higher time frame structure, as institutions appear to be showing interest in buying. Whether this move will be short-term or long-term remains to be seen. We’ll watch the price action in the first sessions of the week to get a clearer idea. Please note, this analysis follows the same principles and bias approach as always. Currently, there are no unmitigated demand areas on the 4-hour chart, and only a short-term supply area has formed. The area of demand we’ve highlighted is present only on the 1-hour chart, making it more of a smaller time frame reference than a higher one. We’ve marked key liquidity levels, which will serve as our reference points for potential upward movement this week. If the price interacts with the 1-hour demand area, we’ll aim for the high at the top of the current range. While I’m ultimately looking for a longer-term upward move, a pullback beforehand is possible. Stick to your plan and manage your risk.
by rosshayes
Euro can fall to support level and then start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once rebounded up. Price in a short time rose to 1.1210 points and then turned around and started to decline inside the downward channel. In the channel, the price soon broke the 1.1085 level and then fell almost the support line of the channel, after which EUR bounced and continued to decline. Later Euro fell to the support level, which coincided with the support line of the downward channel with the buyer zone. After this, the price continued to decline and soon, broke the 1.0810 level and entered to buyer zone, after which turned around, and some time traded between support level. Last time, the price fell to the buyer zone and then rebounded up, thereby breaking the 1.0810 level again, and then exited from the channel too. At the moment, I think that Euro can correct to a support level and then start to grow. For this case, I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
EURUSD Short term buy inside a Channel Up.EURUSD is trading inside a Channel Up. The price has falled by -0.55%, same amount as the October 25th-28th pull back. That was a short term buy opportunity that targeted the 0.786 Fibonacci. The MA200 (1h) is supporting just below. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08750 (Fibonacci 0.786 level). Tips: 1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd). Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
Bearish reversal?EUR/USD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0896 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 1.0952 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 1.0840 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
EURO - Price can move up to resistance level and continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to falling channel, where some time declined near resistance line of channel. Later it bounced and fell to support line of channel, but soon backed up to resistance line, after which continued to fall. Soon, Euro broke $1.0840 level, which coincided with resistance zone, and exited from falling channel. Then price started to trades inside flat, where it declined to support area and then bounced up to $1.0840 level. After this, price made a correction and then backed up to this level, but recently started to decline. In my mind, EUR can make movement up to resistance level and then continue to fall to $1.0765 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
EURUSD: First 1H Golden Cross formed in 6 weeks.EURUSD may be marginally bearish on its 1D technical outlook (RSI = 44.367, MACD = -0.006, ADX = 65.014) but on 1H it is cruising to the RSI overbought level as it formed the first 1H Golden Cross since September 15th. Technically it is a bullish pattern but short term the price has to overcome the S1 level (just hit it) and an almost overbought 4H RSI. This may give you the last opportunity to buy and target the 0.618 Fibonacci (TP = 1.10385), which has been the minimum target on every 1H Golden Cross since August. 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 confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible. That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend. As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Bullish bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.0774 Why we like it: There is an overlap support level. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0837 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
EURUSD hit the MA50 (4h) after 1 month. Buy if it breaks.EURUSD hit today its MA50 (4h) for the first time since September 30th. The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50. Trading Plan: 1. Buy after a (4h) candle closes above the MA50. Targets: 1. 1.09500 (Resistance 1). Tips: 1. The RSI (4h) is already on a bullish reversal and a Higher High. If the MA supports, it will be an extra bullish signal. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside. EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
Editors' picks
by easyMarkets
1
Potential bullish reversal?EUR/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0775 Why we like it: There is an overlap support level that aligns with the 78.6% Fibonacci retracement. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0871 Why we like it: There is an overlap 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
Potential bullish reversal?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 1.0775 1st Support: 1.0720 1st Resistance: 1.0868 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