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EUR (Euro)

Euro can fall to buyer zone and then rebound upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago broke the resistance level, which coincided with the seller zone and started to grow inside the upward channel. In this channel, the price grew to the resistance line, after which turned around and started to decline in a downward channel, exiting from the upward channel. In this channel, the Euro declined to the seller zone, where it soon broke the 1.0485 level and fell to the support line, but soon turned around and backed up. Next, the price some time traded near the resistance level and later rebounded and made a strong impulse down, breaking the 1.0390 support level, which coincided with the buyer zone, thereby exiting from the downward channel as well. Later Euro turned around and started to grow and some time later reached the 1.0390 level, broke it, and continued to move up. But a not long time ago, the price started to decline, so, for this case, I think that the price can decline to the buyer zone. AFter this movement, Euro will turn around and start to move up to the resistance level from the buyer zone. Therefore I set my TP at 1.0485 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
HelenP. I Euro can reach resistance level and then continue fallHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price reached the trend line, making a first gap as well and then starting to decline. EUR dropped to the resistance level, which coincided with the resistance zone and soon broke resistance 2. Then it started to trades inside consolidation, where it declined to resistance 1, which coincided with the bottom part of the range with the support zone. After this movement, the EUR rebounded up, making a second gap, and later almost reached the trend line. Then the price little declined and later rebounded up to resistance 2, breaking the trend line, after which it turned around and started to decline. In a short time, Ethe uro declined to resistance 1, broke it, thereby exiting from consolidation, and then fell to the trend line. A not long time ago, the price bounced and started to grow. So, I expect that EURUSD will reach a resistance level and then continue to decline next. For this case, I set my goal at 1.0270 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Bearish drop?EUR/CAD is rising towards the pivot which lines up with the 50% Fibonacci retracement and could drop to the 1st support which acts as an overlap support. Pivot: 1.49673 1st Support: 1.48477 1st Resistance: 1.50585 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.
Short
by ICmarkets
Falling towards overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 162.11 1st Support: 160.37 1st Resistance: 164.43 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
1
Could the price reverse from here?EUR/NOK is risng towards thepivot and could reverse to the overlap support. Pivot: 11.89923 1st Support: 11.78621 1sst Resistance: 11.98699 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.
Short
by ICmarkets
EURNZD I Short from top of the channel Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
3
EURCHF Is Bullish! Long! Here is our detailed technical review for EURCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.932. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.936 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY, BOJ didn't increase the ratesEURJPY / 1D Hello Traders, welcome back to another market breakdown. EURJPY is showing strong bullish momentum after the BOJ's decision not to increase rates, breaking through key resistance levels and signaling a potential continuation to the upside. However, the price is making new highs for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
10
#EURCHF 2HEURCHF 2-Hour Analysis The EURCHF pair has exhibited a bearish trend with a breakdown below the trendline support on the 2-hour chart. Additionally, the head and shoulders pattern reinforces the bearish outlook, indicating a potential continuation of downward momentum. This setup presents a strong sell opportunity. Technical Outlook: Pattern: Trendline Support Breakdown & Head and Shoulders Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirming the breakdown and observing bearish price action signals, such as a retest of the broken trendline or the neckline of the head and shoulders pattern. Traders should watch for further confirmation with indicators like RSI indicating bearish divergence or MACD showing a bearish crossover. Implement effective risk management by setting stop-loss orders above the neckline or trendline and targeting key support zones below for potential take-profit levels.
Short
by PIPSFIGHTER
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support level. Pivot: 1.0451 1st Support: 1.0333 1st Resistance: 1.0533 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.
Short
by ICmarkets
Bearish drop?EUR/NOK is reacting off the pivot and could drop to the 1st support which lines up with the 50% Fibonacci retracement. Pivot: 11.78946 1st Support: 11.71203 1st Resistance: 11.83382 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.
Short
by ICmarkets
Sell EURUSD Bearish ChannelThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0437 2nd Support – 1.0410 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
11
EUR/USD: Euro Under Pressure, the Impact of Future Rate cutsThe EUR/USD currency pair began its London session with a promising bullish impulse. Initially, it appeared that the euro was gaining traction as investors showed renewed interest. However, this optimism was short-lived as the European Central Bank (ECB) officials signaled support for further interest rate cuts, leading to a swift reversal of intraday gains. Market analysts expect the ECB to implement a substantial interest rate reduction of around 100 basis points in the upcoming year. This prospective easing of monetary policy has raised concerns among investors, prompting them to reevaluate their positions in the euro. As the sentiment shifts, market participants are paying close attention to the ECB’s next moves and how they will impact the euro's valuation. In addition to developments from the ECB, investors are also focused on the Federal Reserve's dot plot, which will provide insights into future interest rate projections in the United States. As the Fed navigates its monetary policy landscape, any signals of tightening could play a significant role in influencing global currency movements, particularly with the euro in the spotlight. The Current State of the Euro As I write this article, the euro has surrendered its intraday gains and is trading around the critical psychological level of 1.0490. This decline reflects strong bearish pressure currently weighing on the currency. From a technical analysis perspective, the trends suggest a sustained downturn, raising questions about the euro's ability to regain its footing. Looking back over the past decade, seasonality data reveals a generally bullish trend for the euro during this period. However, the recent political climate, particularly the election of President Trump, has fortified the DXY’s (U.S. Dollar Index) upward momentum. This unexpected resilience of the dollar adds another layer of complexity to the euro’s outlook. With a target price established at 1.0350 for the euro, market analysts see potential for further declines. If the euro approaches this level, it could prompt a reaction from traders. However, at this juncture, the sentiment indicates little chance for a significant reversal in direction. The coming weeks will be critical as both European and U.S. economic data continue to unfold, shaping the trajectory of the EUR/USD pair. In conclusion, while the EUR/USD pair started on a bullish note, the recent signals from the ECB and the prevailing market sentiment point toward a challenging environment for the euro in the short term. Traders will need to navigate carefully as they weigh the implications of interest rate cuts and geopolitical developments in their strategies. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
4
EURUSD: Best opportunity to buy for the long term.EURUSD is bearish on its 1D technical outlook (RSI = 40.973, MACD = -0.005, ADX = 14.482) but almost still oversold on 1W (RSI = 35.674). This is because after the November 18th 1W candle bottom on the LL trendline of the 2 year Channel Down, it has completed 2 red weeks in a row. Still, having rebounded on oversold 1W RSI territory, those low levels present an excellent buy opportunity for those who missed the bottom. Every bounce on the Channel Down bottom has made at least a +5.42% rally, and that is what we're aiming for (TP = 1.0900). This may coincide with a 1W MA200 test. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope