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Eur-usd

EUR/USD Poised for Bullish Breakout Amid Weakening USD and CPI EUR/USD Technical Analysis: Current Outlook: EUR/USD is currently consolidating around the pivot level of 1.1000, with a potential bullish scenario on the horizon, especially with today’s anticipated inflation data, which is expected to show a weakening USD with a CPI result of around 2.5%. This could drive EUR/USD higher in the near term. Best Scenario : A bullish trend is more likely if the price stabilizes above the pivot line. A continued uptrend could lead the price toward the resistance levels at 1.1129 and 1.1168. The weakening USD from the inflation report supports this scenario. Key Levels: Pivot Line: 1.1036 Resistance Levels: 1.1129, 1.1168, 1.1240 Support Levels: 1.0949, 1.0913, 1.0861 Expected Range Today: The price is likely to move between 1.0949 and 1.1168, with a bullish bias. Overall Trend: The overall trend is expected to be bullish, especially if the price remains above the pivot point at 1.1000. A weaker-than-expected CPI for the USD will reinforce this upward movement, making the uptrend the stronger scenario.
Long
by SroshMayi
EURUSD Channel Down hitting its top. Sell opportunity.The EURUSD pair rebounded on Friday on its 4H MA50 (blue trend-line) and today the price is testing the top (Lower Highs trend-line) of the 3-week Channel Down pattern. This presents an strong sell opportunity on an excellent Risk/Reward ratio and the upside is limited to the top but the downside having much room to drop to the bottom of the Channel. The previous Bearish Legs declined by -1.41% and -1.56% respectively. As long as the price is closing below the top of the Channel Down, our target will be the 1D MA50 (red trend-line) at 1.09900 (-1.26% from the top, negative progression relative to the previous Bearish Legs). ------------------------------------------------------------------------------- ** 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 15/09/24Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged. Based on the higher timeframe zone and current price action, I believe we could see a bullish shift after we drop into the demand area. Of course, we may not reach that point, but if we do, I'll be looking for a clear long opportunity or, if demand fails, to go short toward the major low. Keep it simple: trade your plan and always stick to your risk management!
by PipSurfingSociety
Heading into 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as an overlap support. Pivot: 1.1104 1st Support: 1.1037 1st Resistance: 1.1153 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/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.1025 Why we like it: There is an overlap support level. Stop loss: 1.1071 Why we like it: There is an overlap resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.0956 Why we like it: There is a pullback support level that aligns with the 78.6% Fibonacci retracement. 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
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
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
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
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
Bearish reversal?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.1109 1st Support: 1.1035 1st Resistance: 1.1149 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?EUR/USD has reacted off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.1023 Why we like it: There is a pullback support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.0955 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Take profit: 1.1102 Why we like it: There is a pullback resistance level which is lines up with the 38.2% Fibonacci retracement. 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
Sell EURUSD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1015 2nd Support – 1.0988 Stop-Loss: To manage risk, place a stop-loss order above 1.1100 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. 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
1
Bearish drop?The Fiber (EUR/ISD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level. Pivot: 1.1109 1st Support: 1.1020 1st Resistance: 1.1195 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