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EUR

Heading into 50% Fibonacci resistance?EUR/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0768 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.0818 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.0689 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
EURUSD / Bullish Trend Above 1.0740 with Key Levels to WatchEUR/USD Outlook Current Outlook: The price is expected to trade in the bullish zone, having reversed and stabilized above the pivot zone. Bearish Scenario: The price would need to reverse and stabilize below 1.0707 to initiate a bearish trend. Bullish Scenario: As long as the price remains above 1.0740, the bullish trend is expected to continue, targeting 1.0796. Key Levels: - Pivot Line: 1.0740 - Support Levels: 1.0680, 1.0620, 1.0505 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0796 and the support at 1.0707. In summary, maintaining a position above 1.0740 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 1.0707 indicates a bearish trend with potential support targets.
Long
by SroshMayi
EUR/USD Trades Higher on Monday After Rebound from supportsThe EUR/USD currency pair experienced a notable upward movement on Monday, following a rebound from critical support levels around 1.0700 and 1.0640 during the early European session. This rebound marks a significant shift after a period of pressure, largely attributed to potential risks emerging from France's financial situation. The speculation that Marine Le Pen's far-right National Rally (RN) may form a new government has raised concerns over France's fiscal stability, thereby dampening the Euro's appeal. Technical Analysis From a technical standpoint, the EUR/USD pair displayed a rejection at the 78.60% Fibonacci retracement level derived from the major swing low, precisely within the support area identified last week. This rejection was further supported by a double divergence observed in both the Relative Strength Index (RSI) and Stochastic indicators on the H4 timeframe, signaling a potential bullish reversal. The Fibonacci retracement level is a crucial tool used by traders to identify potential reversal levels. The 78.60% retracement level, in particular, is considered a deep retracement and often indicates strong support or resistance. The fact that the price rejected this level suggests a strong bullish sentiment among traders. Market Sentiment and Economic Factors The broader market sentiment has been influenced by political developments in France. The potential ascendancy of Marine Le Pen's National Rally to government raises significant concerns over fiscal policy changes, which could impact the overall economic stability of France and, by extension, the Eurozone. Such political uncertainties often lead to increased volatility in currency markets, as investors adjust their positions based on perceived risks. Despite the political uncertainties, no significant economic releases were scheduled for today, particularly concerning the Empire State Manufacturing Index for the USD. This absence of major economic data implies that the currency pair's movement is driven more by technical factors and geopolitical news rather than immediate economic indicators. Outlook and Future Expectations Looking ahead, traders and analysts are anticipating potential strong volatility in the EUR/USD pair as they await economic data releases in the coming days. The lack of significant economic news today leaves the pair susceptible to technical trading and news-driven volatility. Given the current technical setup and market sentiment, a bullish impulse is expected in the EUR/USD pair. The rejection of the 78.60% Fibonacci level, coupled with the double divergence in the RSI and Stochastic indicators, points towards a potential continuation of the upward trend. Traders will be closely monitoring upcoming economic releases and political developments for further cues. In summary, the EUR/USD pair's rise on Monday, following a rebound from crucial support levels, highlights the interplay between technical indicators and geopolitical factors. While the speculation surrounding France's political future weighs on the Euro, the technical rejection of key support levels suggests a potential bullish trend. As traders await more economic data, the pair is poised for further volatility, with a bullish outlook prevailing in the short term.
Long
by FOREXN1
5
EUR/USD Faces Pressure, Eyes Potential Bullish RetracementFollowing Wednesday's surge, EUR/USD reversed course and experienced significant losses on Thursday. The pair remains under pressure on Friday, trading at its lowest level since early May, just below 1.0700. This downturn reflects the broader market sentiment and the evolving economic landscape. The shift in risk sentiment helped the US Dollar (USD) gain strength during the American trading hours on Thursday. Additionally, the negative impact of soft inflation data on the USD began to dissipate as investors reassessed the Federal Reserve's policy outlook in light of the hawkish revisions to the Summary of Economic Projections. The Fed's commitment to its current monetary policy stance has provided a boost to the USD, further pressuring the EUR/USD pair. From a technical perspective, the price has reached a strong support area. Here, we observe a double divergence on both the RSI and Stochastic indicators, signaling potential bullish momentum. Furthermore, the price has touched the 78.6% retracement level from the previous swing low, adding to the likelihood of a reversal. These technical indicators suggest that the EUR/USD may be poised for a bullish retracement. Despite the current downward pressure, the EUR/USD pair is showing signs of resilience. The technical indicators provide a hopeful outlook for traders looking for a recovery. The double divergence on the RSI and Stochastic indicators, coupled with the critical 78.6% Fibonacci retracement level, points towards a potential rebound. Traders will be closely monitoring these indicators for confirmation of a bullish trend reversal in the coming sessions.
Long
by FOREXN1
2
EURUSD:: IntradayBy taking a deeper look at Daily chart we could easily see a bearish move! Latest reaction was to top of the channel an we are going to reach to bottom of the channel. However, We see the RSI is forming a trend line which seems hard to be broken down. I think we could see a reversal to MA of RSI. So we might have one or two range days. Therefore we are both ready for Bearish and range days. By taking a look to 1h chart we could see that a great zone to short the pair is available! However by breaking the 1.0770 we could consider the trend bullish. What is obvious in the main chart is that today Fibonacci R1 is in coincide with yesterday Pivot and these two are perfectly in our zone! I'm waiting to sell from there! the channel in 15m chart could be used as liquidity hunt! These are important levels of today you can search for more reasons or places to short the pair
Short
by AliSignals
Could EUR/USD rise from here?Price is has reacted off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 1.0724 1st Support: 1.0685 1st Resistance: 1.0790 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
1
EURUSD on a counter-trend rebound but still bearish long-term.The EURUSD pair isn't diverging from our original plan (June 04 idea, see chart below) and is extending the new Bearish Leg of the 6-month Channel Down: Today it tested the 4H MA50 (blue trend-line) of a counter-trend rebound, which has take place during both previous Bearish Legs. The 1st time was +1.12% and the 2nd +1.50% that even broke above the 4H MA200 (orange trend-line). Having formed the new 4H Bearish Cross last Friday (first since March 28), this rise is the final sell opportunity (technically) before a new Lower Low. Our Target remains more modest at 1.06040 (Support and previous Lower Low) but we will take profit earlier if the 1D RSI hits 30.00 first. ------------------------------------------------------------------------------- ** 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
EUR/USD Gains Momentum Ahead of US Core Retail Sales Data ReleasThe EUR/USD pair is trading higher on Tuesday, following a pullback to the support level at 1.06690, which coincides with the 78.6% Fibonacci retracement from the previous swing low. This support area has provided a strong foundation for the pair, allowing it to gain upward momentum. Traders are closely monitoring the upcoming US Retail Sales data, particularly the Core Retail Sales m/m figures, which are expected to be a significant catalyst for further movement in the EUR/USD pair. Positive data could push the pair even higher, as it would indicate stronger consumer spending in the US, potentially leading to a stronger US Dollar. However, any signs of weaker data could bolster the Euro further, as traders anticipate a less aggressive stance from the Federal Reserve. Adding to the bullish outlook, there is a noticeable divergence on the H4 timeframe's stochastic indicator. Divergence occurs when the price movement of the currency pair contrasts with the indicator, often signaling a potential reversal or strengthening of the current trend. In this case, the stochastic divergence suggests that the upward movement of the EUR/USD pair could gain more traction. Institutional traders also seem to be favoring the Euro over the US Dollar. Reports indicate a significant increase in long positions on the Euro, reflecting a broader sentiment shift among large market participants. This institutional support adds further credibility to the potential for continued upward movement in the EUR/USD pair. In summary, the EUR/USD pair is showing promising signs of a bullish continuation after rebounding from a key support level and the 78.6% Fibonacci retracement. With the upcoming US Retail Sales data and technical indicators aligning in favor of the Euro, traders have a reason to anticipate further gains. The increased long positions by institutional traders further reinforce this positive outlook, suggesting that the pair could see sustained upward momentum in the near term.
Long
by FOREXN1
1
EURO - Price can make small movement up and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to flat, where it at once bounced up to $1.0890 level from $1.0770 level. Then it turned around and little declined, after which price some time traded in flat and then made upward impulse. Price exited from flat, and then declined lower $1.0890 level, after which it tried to rise, but failed. Euro made a fake breakout of $1.0890 level and continued to decline inside pennant, where it later broke $1.0770 level too. At the moment, price rising near support line of pennant, and I think it can make small movement up first. After this, Euro can bounce down, thereby exiting from pennant and continuing to fall to $1.0660 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
Market still shorting EUR/USD(06/18/2024)EUR/USD, the price pulled back on the last demand zone and then started to drop. it seems the market willingly tries to short EUR/USD $FX:EURUSD. 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
EURJPY - Follow The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish, trading within the falling red channel. Currently, EURJPY is undergoing a correction phase and it is currently approaching the upper bound of the channel. Moreover, it is retesting strong supply zone marked in blue. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the blue supply zone and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURJPY approaches 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
by TheSignalyst
2
EURGBP to find sellers at market?EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455 / 0.8470 / 0.8485 Support: 0.8425 / 0.8410 / 0.8395 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
Bearish drop?EUR/USD is rising towards a resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.07268 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.07750 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 1.06504 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
EUR/USD: Bearish Momentum Continues with Key Levels in FocusEUR/USD Technical Analysis Trend Analysis: - The daily chart shows a clear downtrend, with stability in the bearish volume, indicating persistent bearish momentum. - Recent price action has been moving downward, suggesting continued selling pressure. Current Outlook: The price will continue to trade in a bearish trend as long as it remains below 1.0707 and 1.0745, targeting 1.0616. The EUR/USD is expected to consolidate between 1.0616 and 1.0707 until a breakout occurs. Bearish Scenario: As long as the price trades below the pivot zone, it is expected to drop to 1.0616. A break below this level could lead to the next bearish target at 1.0505. Bullish Scenario: For an uptrend to be established, the price must reverse and stabilize above the pivot zone, targeting 1.0796 and then 1.0853. Key Levels: - Pivot Line: 1.0710 - Support Levels: 1.0620, 1.0505, 1.0400 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0745 and the support at 1.0615. In summary, maintaining a position below 1.0707 supports a bearish outlook, with further declines likely. Conversely, breaking above the pivot zone could signal a shift to a bullish trend, targeting higher resistance levels.
Short
by SroshMayi
EURUSD 16/6/24To start the week off, we are looking at another bearish shift in the EU, similar to what we observed last week. As we have mentioned before, we aren't expecting price to move perfectly or hit every point on our chart. Instead, we are looking for our ideas to somewhat align with one of our bias scenarios. For this week, we anticipate price to move back to the area of supply that caused the last breakdown, highlighted in our first red box above the current price position. A less likely, but still possible, scenario is for the price to immediately turn bearish from its current position. Our preferred move is for the price to move through the area of supply that caused the previous breakdown and push to the extreme swing POI that we have marked at the upper end of our range. This is our ideal area to sell from. Of course, we will look for buying opportunities during the pullback, and we may consider selling from the order block below if it elicits any major reaction. Track price and trade your rules!
by rosshayes
Euro can rebound up from buyer zone to resistance lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, the Euro made a correction to the support line of the channel and then rebounded up and continued to move up inside the channel. Later, the price reached a resistance level, which coincided with the seller zone, but at once turned around and fell a little lower. After this movement, the price reached the 1.0885 level again and then fell almost to the support line of the upward channel. Next, the Euro rebounded up and rose to the seller zone, but soon turned around and dropped to the 1.0685 level, thereby breaking the resistance level and exiting from the channel. Also, the price formed a gap, after which rose to the resistance line and then fell to the support level. Not a long time ago EUR started to grow, so, in my opinion, the price can fall to the buyer zone, and then rebound up to the resistance line. For this case, I set my TP at 1.0780 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8