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EUR

Bearsih reversal?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support level. Pivot: 1.52076 1st Support: 1.51182 1st Resistance: 1.53004 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 rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which aligns with the 127.2% Fibonacci extension. Pivot: 11.74014 1st Support: 11.60040 1st Resistance: 11.84572 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/JPY is reacting off the support level which is an overlap support that is slightly above the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 161.19 Why we like it: There is an overlap support level that is slightly above the 38.2% Fibonacci retracement. Stop loss: 157.59 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 165.15 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. 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
looking for Sell EUR/USD around 1.11(8/20/2024)it's still too soon to jump to a conclusion but it seems EUR/USD is moving inside a big diagonal triangle and right now has hit the upper dynamic trendline. we can sell EUR/USD if the price shows some bearish signs around here. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
HelenP. I After movement up, Euro will start to declineHi folks today I'm prepared for you Euro analytics. A few moments ago price rebounded up from the trend line and rose to support 2, which coincided with the support zone. Soon, the price broke this level and continued to grow, but later turned around and made a correction movement to support 2. Next, the price bounced and some time traded near this level until it reached the trend line, after which it made impulse up to support 1, which coincided with one more support zone. After this movement, the EUR rebounded down to the trend line, after which at once bounced and made an impulse up again, but at their moment it broke support 1 and even rose higher than the support zone. Just now, the price continues to grow, for this case, I expect that EURUSD will make one movement up and then start to decline to the trend line, thereby breaking the support level. That's why I set my goal at 1.1025 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
EURUSD Excellent long-term reward if you sell here.The EURUSD pair has broken above its 1W MA200 (orange trend-line) for the first time in more than 1 year (since the week of July 17 2023). With this move it entered the (red) Resistance Zone of the practically Rectangle pattern that it has been trading in for more than 1.5 years. Technically, the above conditions offer a great opportunity to sell for the long-term as during this time, the pair has been rejected here two times and once on the absolute Resistance 2 level (1.12750). As a result we will use two short positions on EURUSD, aiming to close them on profit at the end of the year. All prior rejections hit at least the 0.786 Fibonacci retracement level, so our Target will be slightly above it at 1.06650. From all angles, this opportunity offers solid Risk/ Reward conditions. ------------------------------------------------------------------------------- ** 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
1
Bearish drop?EUR/AUD has reacted off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 1.65358 1st Support: 1.62714 1st Resistance: 1.67679 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
Bullish bounce?EUR/NZD is falling towards the pivot which has been identified as an overlap support and could reverse to the pullback resistance. Pivot: 1.80567 1st Support: 1.79290 1st Support: 1.79290 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
Euro will break support level and continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago declined a little and then made a strong impulse up, thereby breaking the support level, which coincided with the support zone. Also, the price started to grow inside the upward channel, where it later reached the resistance line and then made a correction movement to the support line, and at once rebounded up, making a fake breakout of 1.0910 level. Later Euro rose to the current support level, which coincided with the seller zone, and even entered to this area, but soon turned around and fell below, making a fake breakout of 1.1020 level. But soon, the price started to grow and in a short time rose back to the seller zone, breaking this level one more time. Also recently, the price rose higher than the seller zone, but I think that it can rise to the resistance line of the channel and then start to decline. When the price reaches the support level, it can break it and continue to decline inside the downward channel, so, that's why I set my TP at 1.0960 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURUSD 19/8/24Starting off our week as always with EUR/USD, we have a very simple markup for you this week. We liquidated our four-hour high, which was created after the break of the previous structural high. This has now established a clear liquidity trajectory to the upside. We have an area of demand that sits around the 50% level of the last created range. This will be the first area where we will begin anticipating bullish price action. We’re currently waiting for the four-hour candle to close so we can form our new four-hour high. The main principle here is that we expect price action to continue moving bullishly, but we are aware of the potential for higher time frame weekly price action to start leading the market with a bearish push. However, for now, we're only seeing upside momentum, so we will follow that. Please note that we have liquidity points marked within our swing structure. If we begin to fail at areas of demand, these could become potential targets. Price action is pretty clean right now, so let's just follow it and continue to track what price is showing us within our entry time frame. Have an amazing week, and I hope you all trade safe.
by PipSurfingSociety
Bearish drop?EUR/CHF is reacting off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.95493 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.96505 Why we like it: There is a pullback resistance level which lines up with the 78.6% Fibonacci retracement. Take profit: 0.94270 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. 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
Bullish reversal?EUR/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 159.97 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop [ loss: 157.59 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 164.87 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. 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
The Scenario for New EUR/USD 2024 Highs? Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in play. The market's confidence in ECB rate cuts outpaces that in the Federal Reserve. The Fed, facing closer scrutiny, is walking a tighter rope; its first rate cut in years will likely be the most important event of the year (possibly bigger than the US election), as it marks the beginning of a new monetary-policy phase. Adding to the intrigue is a recent uptick in Eurozone inflation, which suggests that progress on this front may have stalled. In contrast, many believe that U.S. inflation is either under control or nearing that point. This week's Jackson Hole symposium, scheduled for August 22-24, could provide further insights, particularly from European policymakers. Bank of England Governor Andrew Bailey is already confirmed as a speaker, but the full agenda of talks is released closer to the opening day.
by BlackBull_Markets
Gbpusd watching for pullbacks ideally for longHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for a pullback to long. daily chart it has hold on to the uptrend line, last few days momentum was to the bull side. Looking at setups for long on this. Also for Eurusd. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
How to track the US dollar's direction?A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again. Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction. To conclude: Long-term - Down Mid-term - Range to a breaking point Currencies Futures and Options Minimum fluctuation: 0.00005 per AUD increment = $5.00 0.00005 per CAD increment = $5.00 0.00005 CHF increment = $6.25 0.000050 per Euro increment = $6.25 0.0001 per GBP increments = $6.25 0.0000005 per JPY increment = $6.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:6J1!Long
by konhow
2
EURGBP to find buyers at market price?EURGBP - Intraday Preferred trade is to buy on dips. We look to buy dips. Daily signals are bullish. 20 1day EMA is at 0.8517. We look for a temporary move lower. We look to Buy at 0.8515 (stop at 0.8491) Our profit targets will be 0.8575 and 0.8590 Resistance: 0.8535 / 0.8550 / 0.8575 Support: 0.8528 / 0.8515 / 0.8500 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURAUD rallies to continue attract sellers?EURAUD - 24h expiry The medium term bias remains bearish. Rallies continue to attract sellers. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6690. We look to Sell at 1.6690 (stop at 1.6750) Our profit targets will be 1.6540 and 1.6500 Resistance: 1.6690 / 1.6740 / 1.6810 Support: 1.6520 / 1.6450 / 1.6400 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EUR/USD Approaches Key Supply Area Amid U.S. CPI DataThe EUR/USD is nearing a significant supply area around 1.10500, with the pair currently showing signs of being overbought. The latest Commitments of Traders (COT) report highlights that retail traders are largely bullish on the pair, adding to the potential for a correction. The focus now shifts to the upcoming release of the Consumer Price Index (CPI) data for July by the U.S. Bureau of Labor Statistics, which is likely to play a crucial role in determining the pair's next move. Market expectations suggest that on a yearly basis, the CPI will rise by 2.9%, slightly down from the 3% recorded in June. The core CPI, which excludes the most volatile items, is anticipated to increase by 3.2% annually. On a monthly basis, both the headline CPI and core CPI are expected to rise by 0.2%. Should the monthly core CPI, a key indicator that removes base effects and volatile prices, exceed expectations, it could trigger an immediate recovery in the U.S. Dollar (USD). This would likely weigh on the EUR/USD, leading to a potential downward movement from the supply zone around 1.10500. Conversely, if the core CPI underperforms, failing to meet market estimates, the pair might push higher, potentially breaching the initial supply area. If EUR/USD manages to surpass the 1.10500 level, the next significant resistance lies around 1.12000. This area could act as another barrier for the Euro, where a rebound might occur. However, the current analysis suggests that a reversal at the first supply area is more probable, especially if the USD regains strength following the CPI data release. In conclusion, the upcoming CPI figures will be pivotal in shaping the EUR/USD's trajectory. Traders should closely monitor the data, as it could either reinforce the overbought conditions and lead to a correction, or propel the pair higher if the USD weakens further. ✅ 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
3