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EUR (Euro)

EUR/USD Continues to Rise Following Wednesday's PullbackThe EUR/USD pair continues to grow after experiencing a pullback on Wednesday. Traders are closely monitoring today's US Initial Jobless Claims report, which is forecasted to show a modest drop in new US jobless benefit claims to 235K from the previous 242K. Despite this anticipated decrease, the claims are still expected to exceed the four-week running average of 227K. Should the data align with the forecast, we could see a possible bullish impulse for the US Dollar. However, current technical analysis and the Commitment of Traders (COT) report suggest a potential continuation of the bullish sentiment for the Euro. Today's price movement saw a pullback to the 50% Fibonacci retracement level from the last swing low, a significant technical indicator often associated with a potential reversal or continuation of the trend. This retracement level has provided a solid support base, reinforcing the bullish outlook. Currently, we have a bullish position already opened, and the technical indicators point to further growth potential. The COT report indicates a favorable sentiment towards the Euro, with an increase in long positions. This aligns with the technical analysis, which shows bullish momentum. The EUR/USD pair's ability to maintain above the key Fibonacci level is a positive sign, suggesting that the bulls are still in control. As we await the release of the US Initial Jobless Claims data, traders should remain vigilant for any potential market shifts. The economic news could provide additional insights and potentially impact the direction of the EUR/USD pair. However, the overall outlook remains positive for the Euro, with technical and sentiment indicators both supporting a bullish continuation. In conclusion, while the upcoming US jobless claims data might introduce some volatility, the EUR/USD pair appears poised for further gains. The pullback to the 50% Fibonacci level has reinforced support, and with a bullish position already in play, there is a strong possibility for continued upward movement. Traders should keep an eye on the economic news release for further clues but remain optimistic about the Euro's prospects.
Long
by FOREXN1
5
EURGBP Overbought RSI, buy opportunity.The EURGBP pair hit on June 14 the bottom (Lower Lows trend-line0 of the 7-month (dashed) Channel Down and is on the rebound. At the same time, the 1D RSI got oversold (below 30.00) and every time it did so in the past 12 months, it started a strong bullish reversal. More specifically the previous Bullish Leg of the Channel Down reached the 0.618 Fibonacci retracement level to form its Lower High. As a result, we turn bullish on this pair, targeting 0.85500 (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
Swiss Franc: The Economic Bulwark Amid Global UncertaintiesThe Swiss franc (CHF) retains its position as a cornerstone of financial stability within the dynamic global economic environment. The recent strategic adjustments to interest rates by the Swiss National Bank (SNB) underscore Switzerland's distinct macroeconomic landscape relative to Europe. This analysis delves into the implications of these adjustments and the broader significance of the CHF in today's global financial arena. Key Considerations: The SNB's proactive interest rate cuts demonstrate a data-driven approach to managing the CHF's valuation. The CHF's historical association with stability makes it a sought-after asset during periods of heightened geopolitical tensions, as evidenced by recent investor behavior. The SNB prioritizes maintaining price stability while mitigating the risk of excessive CHF appreciation, as Chairman Thomas Jordan's recent comments suggest. Switzerland's ongoing exploration of central bank digital currencies (CBDCs) positions the CHF at the forefront of financial innovation, potentially solidifying its global financial standing. Investment Thesis: The SNB's commitment to monitoring inflation and exchange rate developments suggests a willingness to intervene if necessary, ensuring the CHF's stability and insulating the Swiss economy from external shocks. This proactive approach positions the CHF for continued strength within the global financial landscape.
Short
by signalmastermind
Bearish drop?EUR/USD is currently on a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.0740 Why we like it: There is an overlap resistance. Stop loss: 1.0772 Why we like it: There is a pullback resistance which aligns with the 127.2% Fibonacci extension. Take profit: 1.0684 Why we like it: There is a pullback support level. 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 currently at the pivot which has been identified as an overlap resistance and could fall to the pullback support. Pivot: 1.0737 1st Support: 1.0685 1st Resistance: 1.0770 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
1
EURNZD, a lot of supportive trendlines, expect upsideIdea No : 14 10 out of last 13 ideas were successful & 3 still running, let's talk about 14th we have previously shared 2 ideas on EURNZD and both were spot on, please check the related ideas this idea is no different to those as we still see further upsides in the pair as you can see there are a bunch of supportive new trendlines formed so it is highly like that we follow the green arrow sooner rather than later let's see...
Long
by myself467
EURUSD Moment of truth for the long-term.The EURUSD pair has started the week on a very positive note as it is already on +0.40% gains. The underlying pattern remains a Channel Down since since the December 25 2023 High and we have been on its latest Bearish Leg since the June 03 Lower High. The important dynamic recently has been the fact that the pair held and closed above the 1W MA100 (green trend-line) on both last 2 weeks. This is a key Support level as the pair hasn't closed a 1W candle below it since October 23 2023. As a result, today's rise has two reasons to be a technical retrace within a longer term bearish pattern. The price action f the past 2 years has shown that only when the 1W RSI closes above its MA (yellow trend-line), do we have very strong probabilities of sustaining a bullish trend. It is therefore easy to understand that as the 1W RSI has come only a few points away from its MA, this week becomes crucial for the EURUSD pair. Until it breaks it, we will stay bearish, targeting 1.06040 (Support level and previous Lower Low). ------------------------------------------------------------------------------- ** 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
EUR/USD Bullish Outlook Following Double Bottom ReactionFollowing our previous analysis, the EUR/USD pair showed a notable reaction to the double bottom pattern we forecasted on Friday. The price bounced off the 1.06800 level, indicating a potential continuation of the bullish impulse. This movement is further supported by the lack of high-tier data releases from the US economic docket in the second half of the day, which means that the USD's valuation is unlikely to be driven by new economic data. As a result, investors are expected to respond primarily to changes in risk perception. On Friday, PMI data from the US indicated that business activity continued to expand at a robust pace in June. This data helped the US Dollar (USD) maintain its strength ahead of the weekend, preventing the EUR/USD pair from gaining significant traction. Given these factors, we anticipate a continuation of the bullish trend for EUR/USD. We will continue to monitor market developments closely and adjust our strategy as necessary to capitalize on this potential upward movement.
Long
by FOREXN1
1
Potential bullish rise?EUR/USD has reacted off the support level which is a pullback support and could rise to our take profit. Entry: 1.0686 Why we like it: There is a pullback support level. Stop loss: 1.0655 Why we like it: There is a pullback support which is slightly above the 61.8% Fibonacci projection. Take profit: 1.0740 Why we like it: There is an overlap resistance level. 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
EUR/NZD has a strong bearish momentum, could it fall further?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support. Pivot: 1.7552 1st Support: 1.7395 1st Resistance: 1.7634 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
Potential bullish rise?The Fiber (EUR/USD) is currently reacting off the pivot and could rise to the 1st resistance. Pivot: 1.0686 1st Support: 1.0636 1st Resistance: 1.0731 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
EUR/CHF Technical AnalysisEUR/CHF Technical Analysis Timeframe: 15-Minute Chart Chart Overview: In this 15-minute EUR/CHF chart, we observe a clear descending trend characterized by lower highs and lower lows. The price action reflects a bearish sentiment with key support and resistance levels marked to guide potential trading decisions. Key Elements: 1. Descending Channel: - The price is moving within a descending channel, indicating a prevailing bearish trend. The channel is defined by the upper resistance trendline and the lower support trendline. - This channel suggests that the price is making lower highs and lower lows, a classic sign of a downtrend. 2. Support and Resistance Levels: - Resistance Levels: Key resistance levels are marked at 0.97421 and 0.96952. These levels have previously acted as support, but now they may act as resistance as the price approaches them from below. - Support Levels: Significant support levels are identified at 0.95532 and 0.94752. These levels have provided a floor for the price action in the past and could be potential bounce points. 3. Price Patterns: A consolidation pattern is observed around the 0.95532 support level, where the price seems to be stabilizing after a significant downtrend. This consolidation could signal an accumulation phase, where buyers are gathering strength before a potential breakout. ### Conclusion: The EUR/CHF pair is currently in a bearish trend within a descending channel. Key support and resistance levels provide potential entry and exit points for trades. Volume spikes indicate significant market activity around these levels, making them critical for trading decisions. Always manage your risk with appropriate stop losses and position sizing.
by THE-10
EURUSD 23/6/24This week on the Euro, we're looking for price action to respect the higher time frame bearish narrative and overall play within the four-hour major range that we have in play from last week. Picking up the markup we have provided, you can see what we are analyzing. Options one and two involve playing within the short-term internal range and breaking lower within those areas, giving us a bearish shift below the four-hour low we have highlighted. Of course, this means that the price will not be pulling back to the 50% of the higher timeframe range, but this is not essential—it's just preferable. If we break higher above the four-hour high highlighted above the first two areas of supply, then I'll expect the price to push up to the extreme area of supply. In turn, we are looking at the price to sell away from targeting the four-hour major low that we have marked. This is the main key for this week. If we only have a bullish week and play within the higher timeframe range, we will, of course, trade accordingly. However, we ultimately are looking for sell opportunities this week. Take a look at the chart, and you will see the areas we are focusing on. Trade safe and always stick to your plan!
by rosshayes
Euro can break support level and continue to decline in channelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some time traded near the resistance level inside the seller zone, after which it rebounded from this area and tried to grow, but soon turned around and started to decline inside the downward channel. Inside the channel, the price first broke the 1.0865 level and then fell to the support line of the channel, making a gap also. Then Euro rebounded from the support line and rose to the resistance line of the channel, after which turned around and in a short time declined to the support level, which coincided with the buyer zone with the support line of the downward channel. After this movement, the price tried to grow from this level, but later it turned around and in quickly declined back to the 1.0675 level, where it continues to trades close to this day. So, in my opinion, the Euro can make an upward movement to the resistance line of the channel and then rebound down to the support level. After this movement, the price will break this level and continue to decline inside the downward channel, therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURNZD Trading Opportunity! BUY! My dear friends, EURNZD looks like it will make a good move, and here are the details: The market is trading on 1.7429 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.7466 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1