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EURO - Price can break support level and continue to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it in a short time declined to $1.0810 level, after which bounced up. Then price corrected $1.0810 level again and then rose almost to top part of flat, but then it started to fall. Euro in a short time declined lower than $1.0810 level, breaking it and also exiting from flat, after which continued to decline. Price at once rose to resistance line, after which it quickly fell to support level, which coincided with support area. Next, EUR tried to grow but failed and fell back to $1.0690 level, where at the moment continues to trades near. In my mind, price can make small movement up and then break support level and fall to $1.0600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
EURUSD 1h - Hourly Timeframe We are also in a bearish context on the hourly timeframe, aligning with all other timeframes. The primary target below is the obvious 1.067 level. Given that the target was not reached on Friday, it is likely that Monday and Tuesday will be exclusively correctional days. This pattern is not uncommon for EURUSD, where the main target isn't hit on Friday, leading to a continuation of the correction for the first two days of the week. ! (your-chart-link) Be cautious and observe how the price reacts to these levels.
Short
by yes_pls_max
EUR/GBP Poised for Seasonal Upswing as July BeginsAs July kicks off, the EUR/GBP pair is entering a period of seasonal strength, supported by historical trends and favorable technical indicators. Historically, EUR/GBP has shown a tendency to perform well during this time of year, and this seasonality is further bolstered by the latest Commitment of Traders (COT) report. The report indicates that the Euro is currently the preferred asset among institutional investors, often referred to as "smart money." Recently, the EUR/GBP pair rebounded from the 0.8400 support level, a critical area that has provided a strong base for price action. This rebound, coupled with the seasonal patterns and smart money positioning, presents a compelling case for a bullish setup. Given these factors, we are now looking for opportunities to enter long positions on the EUR/GBP pair, anticipating continued strength in the Euro as the month progresses.
Long
by FOREXN1
1
EURUSD: We are waiting for a breakHello traders, The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790 At the same time breaking the bullish yellow trend line down and the zone would alter our bearish scenario. Can't wait to the results. Have fun and enjoy your life.
Short
by AliSignals
2
EURJPY Fool-Surprise Reverse Ok ?EURJPY direction. Well, I am excited the algos pushed the price 0.2% higher in compariston to yesterday, we are still due to dump 1-2% to the downside. Lets Go. Accumulate more and more shorts, this is the only direction. THIS IS JUST MY PLAN - NOT AN ADVICE. No stop loss at this point, after loosing crucial levels, we can expect JPY central bank interventionm at any point, and - I am surprised idiot traders are still pushing the price in wrong directon still. Take profit: 168.13 Stop loss: NONE.
Short
by AdiVV
Trade Like A Sniper - Episode 50 - EURJPY - (21st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURJPY, starting from the 2-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded
Euro can make correction to support level and then start to growHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago started to grow from the support line and soon reached the seller zone, which coincided with the resistance level, after which made small movement down. Next, the price reached the resistance level again and then fell to the support line, after which EUR made an impulse from this line higher than the 1.0880 level, breaking it and some time trading between this level. After this, the EUR made an impulse down to the support level, which coincided with the buyer zone, breaking the support line and also forming a gap. Then the price rebounded from the 1.0725 level and rose to 1.0850 points, after which started to decline inside a downward pennant, where it fell lower than the 1.0725 support level, breaking it. But a not long time ago, the price started to grow from the support line of this pattern and quickly backed up and even exited from the pennant. At the moment, I think that the price can make a correction movement to the support level and then start to grow. For this case, I set my TP at 1.0810 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
EURJPY to find sellers at market?EURJPY - 24h expiry We are trading at overbought extremes. Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 169.90 (stop at 170.40) Our profit targets will be 168.70 and 168.30 Resistance: 171.20 / 175.50 / 178.55 Support: 168.95 / 167.35 / 164.30 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
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