Get started

EUR (Euro)

Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.50390 Why we like it: There is an overlap resistance level. Stop loss: 1.50851 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 1.49595 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
EURUSD: Channel Down expected to bottom & give a buy opportunityEURUSD is bearish on its 4H technical outlook (RSI = 33.975, MACD = -0.002, ADX = 38.295) as the 2 week Channel Down is on a bearish wave under the 4H MA50 and just over the 4H MA200. Technically this is already LL region but the bottom might take a while to form, as August 29th - Sep 3rd did, grinding inside a Rectangle. Testing the 1D MA50 inside a new Rectangle potentially, could make an ideal technical bottom. We will target the 0.618 Fibonacci level following that (TP = 1.10850), same as the September 6th LH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EUR/NZD Ready To Sell After 4H Closure To Get 200 Pips !If we have a good 4h bearish closure below this res we can sell this pair , and to be more sure you can wait for daily closure to get the best confirmation. This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
0.92 In Focus: Imminent Reversal or New Lows Ahead?Are we about to see a double bottom reversal, or will price break down again? Going back to my idea posted in December 2023 (see related post), we had a great buying opportunity on the dip below 0.94, followed by a strong rally towards parity, falling just 80 pips short. That upward move ended in May, and since then, the price has broken down again, with last month taking out last year's low, hitting a new all-time low at 0.921. So, what’s next? Will the price continue to break down, or are we seeing signs of a double bottom reversal on the weekly charts? Let’s break it down. On the weekly charts, after hitting the new low last month, we saw a strong reaction with a nearly 360-pip rally before the price broke down again. Zooming into the daily charts (image below), it looks like we could see a move back down under 0.93 into the marked buy zone. Looking more closely at the daily chart with the MACD indicator, there are signs of a double bottom pattern forming, along with bullish divergence, signaling a potential buying opportunity on dips below 0.93. Supporting this further, divergence signals are also forming on the 4-hour charts (see image below), with the price slowly grinding down while the MACD moves higher. This is clear evidence that momentum is slowing as we approach a key higher-timeframe area of interest. Given these signals, I expect one final breakdown under 0.93, followed by a strong rally. However, I won’t be blindly entering buy trades here. Instead, I’ll wait for the final push down and look for BUY signals on my TRFX indicator from the 4-hour to daily timeframes, with the strongest signal likely appearing on the daily. If this setup plays out, I fully expect a move back up to test parity, with my first target being last month’s high at 0.958, where we could encounter some resistance. The second target will be the 2024 high at 0.992. For this setup to be invalidated, we would need to see a clear weekly break and close below 0.925. Let me know your thoughts below! :)
Long
by TheFxAce
6
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion. What are your thoughts?
Long
by OfficialKieranTrewick
1
Buy EURNZD Bullish ChannelThe EUR/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.7975, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.8084 2nd Support – 1.8145 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
3
Bullish bounce?EUR/JPY is falling towards the pivot and could reverse to the overlap resistance. Pivot: 155.90 1st Support: 153.30 1st Resistance: 159.41 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
Bearish reversal?EUR/NZD is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.80689 1st Support: 1.78283 1st Resistance: 1.82383 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
EUR/USD: BofA’s Expectations for This Week Bank of America (BofA) is in line with market expectations, predicting that the European Central Bank (ECB) will announce a 25-basis point rate cut in its decision this week. BofA also foresees a modest downside risk for the EUR, driven by a potential dovish shift in the ECB's forward guidance. In the EUR/USD, recent price action saw lower lows and lower highs on the four-hour chart, hinting at a possible bearish reversal and signaling the end of the bullish trend. An important question: What might happen at the next test of the 1.1000 level? This level was a key battleground for the pair in 2023.
by BlackBull_Markets
EUR/NZD Long FROM SupportHello Traders In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
EURUSD - 4H Bearish PhaseEUR/USD recently reached a key daily resistance zone, facing a strong rejection from that level, signaling potential further downside. The pair also lost the critical support zone below 1.11, consolidating under it for the past week. After this consolidation, EUR/USD has completed a pullback to the critical zone, making it technically ready to fall further. This structure offers a solid opportunity for short positions, with a clear rejection from both the daily resistance and the pullback to the previous support-turned-resistance. Fundamentally, the U.S. Dollar has been gaining strength due to rising expectations of continued rate hikes by the Federal Reserve. In contrast, the Euro has weakened amid concerning Eurozone data, reflecting slowing growth and economic challenges. The divergence between the two currencies supports further bearish movement for EUR/USD, especially as the Dollar Index continues to rise. As you can see in the chart, we previously shared a sell position at the 1.1117–1.1122 range. Now, with the technical and fundamental backdrop confirming further downside, this is a good opportunity to sell EUR/USD again, targeting further drops as market conditions remain favorable for the U.S. Dollar.
Short
by Sober_Trading
EURUSD Sell signal confirmed.Last week (September 03, see chart below), we called for a major sell on the EURUSD pair as it closed a strong 1W red candle, almost at the top (Higher Highs trend-line) of the 11-month Channel Up: On Friday we got a strong confirmation of this sell signal as it closed in deep red and large wick on top, indicating a reversal of the short-term bounce. Naturally, today's opening to the week is equally bearish and we still expect that to be the first stage of the new Bearish Leg of the Channel Up. We already have set a 1.0900 Target last week, which would make an ideal test of the 1D MA200 (orange trend-line), but this week we establish a 2nd one as well at 1.08000. That would be just above Support 1 and the bottom (Higher Lows trend-line) of the Channel Up, almost a -3.95% decline, which since July 2023 and the pair's two major Bearish Legs, has been the minimum % decline we've had. ------------------------------------------------------------------------------- ** 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
Heading into 38.2% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84550 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.84913 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement. Take profit: 0.84077 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
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is an overlap support. Pivot: 1.1111 1st Support: 1.1034 1st Resistance: 1.1157 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
EURUSD 9/9/24Starting this week with EU, as we always do. As you can see, we are pretty much at the centre of our current range, leading us to believe we are building liquidity on both sides. Currently, we have swept out the high from last week during a news push. After this sweep, we dropped lower than our previous low, establishing a bearish range and putting the price in a position to create a new low and drop into bearish order flow at the lower end of our higher time frame range. For now, I am waiting for the price to give us a clear move. I am more inclined to see the price drop down and then run higher into the last major high. However, as mentioned above, we have potential for new sell moves, so we will wait for something clear to establish. Trade safe, stick to your risk, and follow your plan.
by PipSurfingSociety