EURUSD 3 TARGETS for selling 3 TOPS. The 5 year cheat-sheet!The EURUSD pair opened the week with a strong rally already due to the fundamentals surrounding the recent Tariff news. The 1W RSI is overbought at 74.00 and it hasn't been that high since January 22 2018. That was a long-term Top for EURUSD that initiated a 2-year downtrend until the March 2020 COVID crash and the start of massive rate hiking.
Even the last two times that the RSI came close to such overbought levels, the pair started a 6-month peak formation pattern with 3 Highs that offered solid short entries before the eventual larger downtrend. Those periods were January 30 2023 - July 17 2023 and August 31 2020 - May 24 2021.
Given that EURUSD is now trading within a long-term Channel Up (blue) and just formed a 1D MA50/ 1W MA50 Bullish Cross, we are closer to High (1) than not, since every time that is formed close to the standard +16.19% rise from the bottom.
For those successive Highs, our long-term sell targets will be 1.12500, 1.13250 and 1.12000 on the 0.382 Fibonacci retracement level respectively.
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Eur-usd
Bearish reversal for the Fiber?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.1532
1st Support: 1.1198
1st Resistance: 1.1710
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.
Bearish reversal?EUR/USD is rising towards the resistance level which is an overlap resistance that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.1524
Why we like it:
There is an overlap resistance level that aligns with the 127.2% Fibonacci extension.
Stop loss: 1.1667
Why we like it:
There is a pullback resistance level that lines up with the 145% Fibonacci extension.
Take profit: 1.1201
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
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EURUSD: 4H holding and is pushing for the next High. The EURUSD pair is bullish on its 4H technical outlook (RSI = 58.651, MACD = 0.006, ADX = 20.500) as despite turning sideways since last Friday, the price remains over the 4H MA50 and inside the short term Channel Up. As long as those hold, we anticipate a new bullish wave of at least 5%, like the previous one. Aim for the top of the Channel Up (TP = 1.1800).
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Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.1369
1st Support: 1.1147
1st Resistance: 1.1471
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.
Bearish drop?EUR/USD has reacted off the support level which is a pullback support and could drop from this level to our take profit.
Entry: 1.1304
Why we like it:
There is a pullback resistance level.
Stop loss: 1.1371
Why we like it:
There is a pullback resistance level.
Take profit: 1.1160
Why we like it:
There is a pullback support that is slightly below the 50% Fibonacci retracement.
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Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1141
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.0949
Why we like it:
There is a pullback support level.
Take profit: 1.1425
Why we like it:
There is a pullback resistance.
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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.
EURUSD Good sell opportunity on this short-term rejectionThe EURUSD pair got an initial rejection near its 2-month Higher Highs trend-line with the 4H RSI an a Bearish Divergence (Lower Highs) since April 03.
The last pull-back was -2.31% and made double contact with the 4H MA50 (blue trend-line) before rebounding. In fact all Higher Highs rejections hit at least he 4H MA50 before rebounding.
As a result, we see a strong short-term sell opportunity now, which even though could technically reach 1.12150 (-2.30% drop), it is advised to take profit once contact with the 4H MA50 is made.
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EURUSD Day Trade Idea Hi today I am looking at the EURUSD, and can see some potential day trade sell possibly happening soon or now. I have drawn the sell liquidity zone using the red box to show the sell pressure candles back from the current candle. Thank you please support me by following me.
#eurusd #eur #usd #sell #daytrade #day #trade #forex
@ilyaskhan.1994
EURUSD POSSIBLE TRADE SETUPPotential Trade Setup on EURUSD
EURUSD is on a strong 3-week rally correction that was almost got rejected on Friday due to the UK and US GDP data that came pretty strong and weak respectively.
That said, I am still quite anticipating for a possible correction to continue towards the 50% fib level at 1.0650, before we can start looking for a possible buy entry in the long term.
Trading Plan:
1. BUY if the resistance gets broken and retest successfully.
2. SELL if the current region acts as resistance for rejection towards the downside with an engulfing called on the 4H chart.
Targets:
1. Can be 1:2 for either entries.
Tips:
1. The RSI (1d) indicates an Overbought but easing gradually towards the 50 level.
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You may find more details in the chart!
Thank you and Trade Responsibly!
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Heading into 61.8% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 1.1024
1st Support: 1.0939
1st Resistance: 1.1089
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.
EURUSD: Channel Down topped. Huge sell ahead.EURUSD corrected the previously overbought levels on its 1D technical outlook (RSI = 60.799, MACD = 0.009, ADX = 25.183) and 1W is expected to follow suit as the price is making a double rejection at the top of the 2 year Channel Down. We anticipate a new -9.25% long term bearish wave to begin (TP = 1.01300).
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EURUSD - Trade The Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURUSD has been bearish trading within the falling wedge pattern marked in red.
Currently, EURUSD is retesting the upper bound of the wedge.
Moreover, the $1.12 is a strong weekly supply zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and supply.
📚 As per my trading style:
As #EURUSD is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bullish momentum to extend?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance which is a swing high resistance.
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.
Bullish bounce?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.0834
1st Support: 1.0730
1st Resistance: 1.0983
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.
Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that lines up with the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0842
Why we like it:
There is an overlap support level that lines up with the 71% Fibonacci retracement.
Stop loss: 1.0730
Why we like it:
There is a pullback support level.
Take profit: 1.0991
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.
EUR/USD Triangle Breakout (07.04.2025)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.0825
2nd Support – 1.0719
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EURUSD reached a 20-month Resistance. Potential for heavy sell.The EURUSD pair has almost hit the Lower Highs trend-line that started on the July 18 2023 High and immediately got rejected. The Resistance Zone that connects the last 3 major Highs within a 20-month span, follows the same pattern, especially with the 1D RSI Lower Highs peak formation.
Right now we are on the Lower High rejection, which on the previous three peaks hit initially the Support 1 level and then at least the Higher Lows trend-line (if not lower). As a result, we expect heavy selling to start on EURUSD, targeting 1.0730 and 1.0500 in succession.
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Bullish bounce?The Fiber (EUR/USD) is falling towards the pivot and could bounce tot he 1st resistance.
Pivot: 1.094
1st Support: 1.0752
1st Resistance: 1.1200
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.
Bullish bounce?EUR/USD is falling towards the support level which is a pullback support that line sup with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.0925
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.0853
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Take profit: 1.1086
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.
EURUSD update 20.03After a successful swing long
that was taken
We've reached external liquidity
Now, I expect a correction to the green box; from it, we will go even higher—reaching liquidity from above.
The current correction will take some time to form. It may happen faster, but I have indicated the targets on the chart.
Best regards EXCAVO
EURUSD forming a top?EURUSD - Intraday
Continued upward momentum from 1.0778 resulted in the pair posting net daily gains yesterday.
Trades at the highest level in 6 months.
A Fibonacci confluence area is located at 1.1105.
Our medium term bias is bearish below 1.1014 towards 1.0700.
There is scope for mild buying at the open but gains should be limited.
We look to Sell at 1.1160 (stop at 1.1245)
Our profit targets will be 1.0837 and 1.0700
Resistance: 1.1146 / 1.1160 / 1.1214
Support: 1.0837 / 1.0700 / 1.0675
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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