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EUR

EURUSD has a strong downside momentum, could it fall further?Price is rising towards an overlap resistance and could reverse from this level to our take profit Entry: 1.08007 Why we like it: There is an overlap resistance which aligns with the 50% Fibonacci retracement Stop loss: 1.08638 Why we like it: There is a pullback resistance level Take profit: 1.06989 Why we like it: There is a pullback support 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
EURGBP: Short term rebound initiatedEURGBP is neutral on its 1D technical outlook (RSI = 53.577, MACD = 0.001, ADX = 12.005) as it is ranges between the 1D MA50 (Support) and 1D MA200 (Resistance). Having made a Double Bottom on S1 on March 8th, with that level holding since August 23rd 2023, the current rebound is expected to extend to the LH trendline, essentially the top of the Descending Triangle. The Bullish Wave before this one, crossed the 0.5 Fibonacci level and then reversed, which gives us a TP = 0.86400. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EUR/USD minor correction before 1.07(4/2/2024)Nothing has been changed since our last analysis. EUR/USD is still bearish. But we may see some minor corrections because every indicator are in oversold and DXY is correcting too. Our technical view has been shown in the chart. If you like it then Support us by Like, 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.)
by fortunamarkets
EURNZD to breakdown?EURNZD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. An Evening Doji Star formation has been posted at the high. A break of bespoke support at 1.8000, and the move lower is already underway. Daily signals for sentiment are at overbought extremes. A higher correction is expected. We look to Sell a break of 1.7999 (stop at 1.8049) Our profit targets will be 1.7879 and 1.7859 Resistance: 1.8072 / 1.8099 / 1.8130 Support: 1.8000 / 1.7950 / 1.7900 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 Descends Below 1.0750 Following US Manufacturing GrowthThe EUR/USD pair faced significant bearish pressure during the American session on Monday, plunging to its lowest level since mid-February, breaching below the key support at 1.0750. The pair's next potential support zone looms at 1.0700, unless it manages to stabilize above the 1.0760 mark. This downward movement in EUR/USD followed the release of US ISM Manufacturing PMI data, which revealed a notable increase to 50.3 in March from 48.4 in February. This marked the first time since September 2022 that the manufacturing sector showed signs of expansion, alongside heightened input price pressures. As a result of this positive data, the likelihood of the Federal Reserve maintaining its policy rate in June rose above 40%, compared to 30% before the PMI release. Consequently, the US Dollar strengthened against its counterparts, exerting downward pressure on EUR/USD. Despite Tuesday's initial bullish impulse, in line with our previous forecast, the overall sentiment for EUR/USD remains bearish, with the possibility of further downward movement. The release of the JOLTS Job Openings data for February by the US Bureau of Labor Statistics, along with speeches by several Fed policymakers, will be closely watched for market cues. Depending on the tone of these speeches and any hints regarding future monetary policy, the USD may experience fluctuations. Should Fed officials suggest a potential rate cut in June, the USD could face selling pressure, potentially aiding a rebound in EUR/USD. Conversely, hawkish comments could bolster the USD and extend the downward trajectory of EUR/USD. In summary, with the US manufacturing sector showing signs of improvement and Fed policy decisions looming, EUR/USD is poised for continued volatility. A bearish trend continuation is anticipated, pending further developments in US economic data and Federal Reserve communications. Our Previous Forecast:
Short
by FOREXN1
1
EURUSD formed the 1st 1D Death Cross since September!The EURUSD pair quickly hit our 1.07250 Target, which we set on our most recent sell signal (March 27, see chart below): Moving out to the 1D time-frame we can see that this is the Bearish Leg of the long-term Channel Down pattern that started at the beginning of the year and we are only halfway through it. Also the pair just completed the first Death Cross on the 1D time-frame since September 29 2023. That is a strong enough sell signal on its own. As long as the price keeps closing 1D candles below the 1D MA50 (blue trend-line), we will remain bearish, expecting a new Lower Low on this 3-month Channel Down. The previous was formed on a -4.00% decline, so a repeat of that targets 1.05500. ------------------------------------------------------------------------------- ** 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 1 Apr 2024 W14 - Intraday Analysis - US PMI This is my Intraday analysis on EURUSD for 1 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low. After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback. Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure. More development on LTF required to confirm the Bullish Pullback Phase. 3. As price failed to initiate a pullback from the 4H demand, price continued bearish to the Daily demand zone. Possible reaction ONLY from the Daily demand as we are in the momentum phase of targeting the 4H Weak Swing Low. 15m Chart Analysis 1. Swing Bearish Internal Bearish 2. After the Bearish BOS we expect a Pullback. Price still in the bearish momentum following the HTF continuation. Price tapped into the daily demand which could provide a reaction to facilitate the INT Bearish Structure Pullback.
by Amr-Sadek
EUR/USD Analysis: Exploring Reversal OpportunitiesEUR/USD maintains its position around 1.0860 during the early European session on Tuesday, following a positive close on Monday. The USD experienced slight selling pressure, allowing EUR/USD to gain traction at the beginning of the week. However, the pair now finds itself within a potential reversal zone, prompting us to monitor for any discernible patterns before considering entry points. Later today, the US Census Bureau is set to release Durable Goods Orders data for February. Expectations suggest a 1.3% increase following January's 6.2% contraction. While a positive reading could initially bolster the USD, any gains may be tempered unless there is a notable shift in risk sentiment. As traders, we are closely observing the price action in this critical area, awaiting potential signals for a short entry opportunity.
by FOREXN1
1
EUR/USD Weekly Analysis: Short Opportunity with Dual Setups Traders, Expanding on our EUR/USD analysis, I've integrated two distinct setups: Significant Support: Daily chart analysis reveals robust support levels. Bearish Trend: The LR channel indicates a prevailing bearish trend. Key Shorting Zone: A notable cluster formed by the Weekly Pivot and Last Week's POC presents an excellent opportunity to consider short positions. Considering these setups: The first setup entails a SL placement just above this week's R1 and last week's reversal point. The second setup involves a SL positioned just above the POC. Remember, these plans are contingent upon market conditions and may adapt in response to surprises from Wednesday's EURO CPI release and FED Chair Jerome Powell's speech. Stay adaptable and remain vigilant in your trading endeavors. Best regards,
Short
by AliSignals
EURCAD Medium-term Sell SignalThe EURCAD pair has been trading within a 12-month Channel Down and is currently reversing after a Double Top rejection on Resistance 1 (1.47825). Following the 1D MACD Bearish Cross, this has the potential to initiate Phase 2 of the Bearish Leg that started on the November 21 2023 Lower High. Technically this should be at least a -4.47% Bearish Wave, similar to the rejection that started on August 30 2023. As a result our Target is 1.41600 (Support 2). ------------------------------------------------------------------------------- ** 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
Potential reversal from overlap resistance levelPrice is currently at an overlap resistance level and could reverse from this level to our take profit Entry: 163.446 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement Stop loss: 164.364 Why we like it: There is a pullback resistance level Take profit: 162.661 Why we like it: There is a pullback support level that aligns with the 50% 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
1
EURUSD 1-5 Apr 2024 W14 Weekly Analysis - NFP Week!This is my Weekly analysis on EURUSD for 1-5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ Swing Continuation (Pro Swing + Pro Internal) 2. After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low. 3. Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation. Expectation is to continue bearish and target he Weak INT Low. Daily Chart Analysis 1. Swing Bearish INT Bearish Swing Continuation / INT Continuation 2. After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low. Also after iBOS we expected a pullback which we are currently in. 3. Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left. With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low. 4. Daily and Weekly demand zones for reactions once reached. 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low. After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback. Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure. More development on LTF required to confirm the Bullish Pullback Phase. 3. 4H and Daily Demand Zones for possible reactions only once reached. Economic Events for the Week
by Amr-Sadek
2
Euro can bounce up of support level to 1.0845 points in channelHello traders, I want share with you my opinion about Euro. Some days ago price rebounded from the resistance line, which is located in the seller zone, and in a short time declined to the 1.0775 level, which coincided with the buyer zone, thereby breaking the 1.0890 level. After this, the EUR soon declined to the support line, breaking the support level too, but then the price turned around and started to rise. In a short time, the Euro reached a support level, broke it one more time, and continued to move up. After this, the price made a correction to the support line and then rebounded and made a strong impulse up to the resistance line, thereby breaking the 1.0890 level. But soon, the EUR turned around and soon declined to this level and even broke it again. As well then, the price continued to decline in a downward channel, where the Euro broke the support line too and later fell to the 1.0775 support level. But a not long time ago price rebounded and started to rise, so, I think that the Euro can rebound from the support level to the resistance line of the downward channel. For this case, I set my target at 1.0845 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
[EDU-Bite Sized Mini Series] Various FX involved,Mostly..Hello Traders, here we go again! Let me cover a little bit more on the next topic in this mini series, the various currencies that are involved and a little descriptions about them! Let's begin! In the vast realm of forex trading, understanding the intricacies of currency pairs is fundamental to success. As a Full-time forex trader with years of live experience, I'm here to shed light on the major and minor currency pairs that dominate the market. Major Currency Pairs: The Powerhouses of Forex. Normally most retailers trade these pairs as they offer higher liquidity and therefore tighter spreads. Major currency pairs are the cornerstone of forex trading, encompassing currencies from the world's largest economies. These pairs typically involve the most traded currencies globally and offer high liquidity and stability. Among the major pairs, the most prominent include: 1. EUR/USD (Euro/US Dollar): Known as the "fiber," this pair represents two of the world's largest economies, the Eurozone and the United States. It's renowned for its liquidity and tight spreads. 2. USD/JPY (US Dollar/Japanese Yen): Dubbed the "ninja," , the JPY or the YEN, this pair reflects the economic relationship between the US and Japan, two economic powerhouses with distinct monetary policies. 3. GBP/USD (British Pound/US Dollar): Often referred to as "cable," this pair reflects the relationship between the UK and the US, and it's influenced by economic data, geopolitical events, e.g. Brexit developments. 4. USD/CHF (US Dollar/Swiss Franc): Known as the "swissie," this pair is influenced by safe-haven flows, Swiss banking policies, and US economic data. 5. AUD/USD (Australian Dollar/US Dollar): Termed the "aussie," this pair is closely tied to commodity prices, particularly gold and other precious metals, as Australia is a major exporter of raw materials. 6. USD/CAD (US Dollar/Canadian Dollar): Called the "loonie," this pair is heavily influenced by oil prices, given Canada's status as a major oil exporter. Minor Currency Pairs: Navigating the Market Beyond Majors While major pairs dominate forex trading, minor currency pairs offer unique opportunities that should not be overlooked as well. These pairs involve currencies from smaller or emerging economies and could be less liquid than their major counterparts. Notable minor pairs include: 1. EUR/GBP (Euro/British Pound): This pair reflects the relationship between the Eurozone and the UK, and it's influenced by economic data from both regions. In my opinion, this pair quite frequently range and sometimes it is termed as "mean reverting pair". 2. EUR/JPY (Euro/Japanese Yen): Combining two major currencies, this pair offers opportunities for traders seeking exposure to both the Eurozone and Japan. 9. GBP/JPY (British Pound/Japanese Yen): Known for its volatility, this pair attracts traders looking to capitalize on the economic dynamics between the UK and Japan. It is also one of the top favorite for scalpers. 10. AUD/JPY (Australian Dollar/Japanese Yen): Influenced by commodity prices and risk sentiment, this pair is popular among traders seeking exposure to the Australian and Japanese economies. 3. NZD/USD (New Zealand Dollar/US Dollar): Known as the "kiwi," this pair reflects economic developments in New Zealand and global risk sentiment. 4. CAD/JPY (Canadian Dollar/Japanese Yen): This pair offers insights into the commodity markets and the economic relationship between Canada and Japan. In conclusion, mastering major and minor currency pairs is essential for navigating the forex market effectively. Major pairs offer stability and liquidity, while minor pairs provide opportunities for some diversification. By understanding the dynamics of each currency pair and staying informed about global economic developments, traders can unlock the full potential of forex trading and achieve profitable outcomes in this dynamic and ever-evolving market. And of course don't forget about your technical analysis! Thank you for your time and hope you have enjoyed the content and if you do so please leave a thumbs up or a comment if you have any suggestions to make this better! Do check out the other links if you missed out on the other parts of this Forex Mini Series i put up for all (FREE)! Signing out! STBB
Education
by Shadowing_The_Big_Boys
1
EurCad Looking for shorts on pullbackTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my stream video 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
Eurusd watching for pullbacks to shortTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. looking for reasons to short :) Do check out my stream video 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
EURUSD 28 Mar 2024 W13 - Intraday Analysis - US GDP/JoblessThis is my Intraday analysis on EURUSD for 28 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 3. Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low. After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback. Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure. More development on LTF required to confirm the Bullish Pullback Phase. 3. 4H and Daily Demand Zones for possible reactions only once reached. 15m Chart Analysis 1. Swing Bearish Internal Bearish 2. After the Bearish BOS we expect a Pullback. Price reached the 4H demand and the nested 15m Demand which is mitigated after the bullish CHoCH initiating the 15m INT Structure Pullback. Expectations is set for price to initiate the 15m Swing Pullback Phase with a Bullish iBOS. But be mindful that price could continue bearish targeting 4H Weak Swing Low. 3. 15m/4H Supply zones for possible short options once reached.
by Amr-Sadek
🤽‍♂EURUSD bullish pullbackEUR/USD Technical Analysis 📉📈📊 Current Price: 1.08360 🟢 Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.📉📈📊 Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment. Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for bullish momentum.📉📈📊 Trading Plan: - Entry: Consider entering a long position if the price breaks convincingly above the resistance level at 1.08260. - Stop Loss: Place a stop loss below the support level to manage risk in case of a reversal. Take Profit Aim for a take profit level near the resistance at 1.08881, capturing potential upward movement. Risk Management Always adhere to proper risk management principles, ensuring that potential losses are controlled and manageable relative to the trading account size. ❤️👍 Good luck 🤞 Pales safe trade 🙏❤️ don't forget like and comments
Long
by SMC-Trading-Point