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EURO-USD

HelenP. I Euro will correct to support level and then start growHi folks today I'm prepared for you Euro analytics. Some time ago, the price rose close to the resistance level but then made a small correction. After that, it quickly climbed to the resistance level again. The Euro broke this level, which coincided with the resistance zone, and traded near it for some time before breaking it once more and starting to decline. In a short time, the price dropped to 1.0380 and then rebounded back to the resistance level, after which it reversed and continued to decline. Soon, the price reached the support level, which coincided with the support zone, broke it, and made a strong gap down, falling to the trend line. Then, the Euro started to move up within a pennant pattern, where the trend line acted as a support. Soon, the Euro reached the support level and broke it once again, then made a retest and continued moving higher. Later, it climbed to the resistance line of the pennant pattern, turned around, and quickly fell to the support level before resuming its upward movement. Currently, the price is trading near the trend line, and I expect EURUSD, after a break out of the pennant, to correct to the support level. After that, it may reverse and start rising toward the resistance level. In this scenario, my target is set at 1.0465 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
EURO - Price can leave pennant and rise to $1.0500 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel and soon reached resistance line, after which fell below. Next, price rose to $1.0455 level, and then corrected to support line, after which bounced up and broke $1.0455 level. Then Euro reached resistance line of channel and then started to decline, making a first gap and dropped to resistance area. Price exited from channel, breaking $1.0455 level, and continued to fall inside pennant, where it fell to $1.0210 points. Before this, price made a strong second gap, and then quickly rose to resistance line breaking $1.0455 level. I think that Euro can bounce up from pennant to $1.0500, breaking resistance level and exiting from this pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
Euro could rise to 1.0560 points within the wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded near the seller zone, which coincided with the resistance level and when it moved up, it at once turned around and dropped to the 1.0350 level, breaking the resistance level. Then price started to grow inside the pennant, where it rose higher than the resistance level again, making a gap and later even reaching the resistance line of the pennant pattern. After this movement, the Euro started to decline and quickly fell to the support line of the pennant, breaking the 1.0510 level and soon it exited from the pennant pattern and then fell to the support level, which coincided with the buyer zone. Then the price rose a little and dropped to 1.0220 points, breaking the support level too. But soon, the Euro turned around and made impulse up, breaking the support level again and even later started to trades inside the wedge. In this pattern price first made a correction to the support line and then in a short time rose back to the support level, broke it, and continued to move up. Later price reached a resistance level, but a not long time ago it rebounded and fell to the support line, which recently bounced and started to grow. So, in my opinion, the Euro can continue to move up in wedge to resistance line, breaking resistance level. For this reason, I set my TP near the resistance line, at 1.0560 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
HelenP. I After correction movement, Euro will continue growHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price rebounded from the resistance level and then tried to grow, but failed and soon fell back. Next, the price some time traded near this level and then broke it and dropped below. After this, the price almost rose back, but then turned around and dropped more to the trend line, breaking the support level, which coincided with the support zone. Later Euro rebounded from the trend line and rose to almost a resistance level, after which turned around and dropped back, breaking the trend line with the support level again. After this movement, Euro rebounded up, breaking the support level one more time, and then made a retest and continued to move up until it reached the trend line. Then price continued to move up near the trend line and soon broke the resistance level, but recently fell below. At the moment, I expect that EURUSD, after correction movement, can continue to move up, breaking the resistance level with the trend line. So, for this case, I set my goal at 1.0550 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Euro can enter to seller zone and then drop to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago price entered to wedge and started to decline, but firstly it entered to seller zone and then bounced down. In a short time, the Euro declined to the support level, which coincided with the buyer zone, and soon broke this level and fell to the support line of the wedge. Then the price turned around and started to grow. Euro quickly rose to the support level, broke this level one more time, and made a retest, after which rose a little more. After this movement, the EUR some time traded near the support level until it reached the support line of the wedge and then bounced up from this line to the resistance level. When Euro reached this level, it corrected and then continued to move up to the seller zone. When the price entered to this area, the Euro some time traded inside and later reached the resistance line of a wedge, after which rebounded down. Price broke the 1.0420 level and continued to fall. At the moment, the price is traded below this level and I think that the price can fall to rise to the seller zone and then drop to the support line of the wedge. After this, the Euro can exit from this pattern, make a retest, and continue to decline to the support level. So, that's why I set 1st TP at 1.0350 points and 2nd at the 1.0260 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
HelenP. I Euro can fall to support zone and then start to riseHi folks today I'm prepared for you Euro analytics. Some days ago price reached a trend line and then started to decline inside a downward wedge, where it soon declined to the resistance level, which coincided with the resistance zone. Euro some time traded in this area and then broke the 1.0550 level and fell to the support line of the wedge, after which rebounded, making a gap, and entered to the resistance zone. Some time, the EUR traded between the resistance level, and when the price reached the trend line, it turned around and started to decline, breaking the resistance level finally. Later Euro fell to the support level, which coincided with the support zone, and at once rebounded to the trend line. After this movement, the price at once rebounded from the trend line and made a correction to the support line of the wedge, breaking the support level, but soon, the price quickly backed up. Now Euro trades near this level and I expect that the price can fall to the support zone and then rebound up to the trend line. When it reaches this line, EUR will break it and continue to move up, for my mind. That's why I set my goal at 1.045 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
EURO - Price can continue move up to $1.0420, exiting of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline inside falling channel, where it bounced from support line and rose to resistance line first. Then Euro turned around and dropped to $1.0380 level, some time traded near and later broke it. Next, Euro exied from channel and fell to support level, after which bounced from this level to $1.0380 level. Price broke this level, but soon it turned around, broke this level again, and started to decline inside pennant. In pennant, EUR fell to support line, after which rose to resistance line of this pattern, breaking $1.0245 level. Now, I think that Euro exit from pennant, reach resistance level, and break it, after which continue to grow to $1.0420 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded inside flat, where it declined to resistance area and then rose to top part of flat. Also, when price rose to top part of flat, EUR made a first gap and then made downward impulse. Price exited from flat and continued to decline inside falling channel, where it broke $1.0760 level and continued to fall. Later price reached $1.0520 level, some time traded near, and then declined to $1.0335 points, exiting of falling channel. Euro started to grow inside rising channel, where it made a second gap and some time traded between $1.0520 level. Now price trying to break $1.0520 level, and I think it can break it and continue to grow to $1.0720 in channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap. After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level. Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points. But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area. Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line. I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
EURUSD 25/11/24Starting the week a little later than usual with a markup on EUR/USD. Following weeks and months of bearish price action, we continue to anticipate further downside movement. This outlook aligns with our daily bias, which indicates a bearish trend. The market opened with a significant gap to the upside across most brokers, increasing the likelihood of the gap being closed. Additionally, there is an untapped supply area above the current price level. Two liquidity highs are situated above this area, suggesting a potential pullback to liquidate these levels. If this occurs, we will look for continued sell-side movement. However, pullbacks are not guaranteed during trending conditions. If the price continues to expand downward without retracing, our first target will be the gap left open at the market's opening. Beyond that, we will focus on the major low marked at the base of the current move. Please be mindful of key fundamental events this week, as they may cause a midweek shift in our bias. For now, our outlook remains bearish, and we are focused on identifying sell opportunities. Refer to the points on our charts for guidance on potential downside movement. If the supply area and liquidity highs are reached but fail to trigger a bearish shift, it may signal a deeper pullback on higher timeframes. Stick to your plan, manage your risk, and trade safely. Wishing you an amazing trading week!
by PipSurfingSociety
EUR/USD - Double Top Indicates Potential Reversalhello guys. Formation of Double Top: The EUR/USD has created a clear double top around the 1.1250 level, signaling potential exhaustion in the bullish trend. Breakdown and Retest: The price has broken below the key support zone near 1.1000, now acting as resistance, where sellers may enter the market. A possible short-term retest of the entry zone (1.1000 - 1.1020) is expected before a continued decline. Target Area: The projected target for this downtrend lies in the 1.0780 - 1.0820 support zone, marked in purple, where buyers might re-emerge. Channel Support: The long-term ascending channel provides additional confluence near the target zone, acting as a potential support area for reversal or consolidation.
Short
by melikatrader94
9
EURO - Price can break support level and fall to $1.0980 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it at once rose to resistance line and then continued to fall. In a short time, price declined to $1.1135 level, broke it, and then fell to support line, which coincided with $1.1040 level. Next, price bounced and tried to grow, but soon fell to support area, after which continued to move up. EUR rose to resistance level, which coincided with resistance line of channel, and made downward impulse. Price fell lower than $1.1040 level, breaking it and some time traded in support area, but recently EUR broke it again. Now, I think price can make small movement up and then fall to $1.0980 support line of channel, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
EURUSD - 4H Bearish PhaseEUR/USD recently reached a key daily resistance zone, facing a strong rejection from that level, signaling potential further downside. The pair also lost the critical support zone below 1.11, consolidating under it for the past week. After this consolidation, EUR/USD has completed a pullback to the critical zone, making it technically ready to fall further. This structure offers a solid opportunity for short positions, with a clear rejection from both the daily resistance and the pullback to the previous support-turned-resistance. Fundamentally, the U.S. Dollar has been gaining strength due to rising expectations of continued rate hikes by the Federal Reserve. In contrast, the Euro has weakened amid concerning Eurozone data, reflecting slowing growth and economic challenges. The divergence between the two currencies supports further bearish movement for EUR/USD, especially as the Dollar Index continues to rise. As you can see in the chart, we previously shared a sell position at the 1.1117–1.1122 range. Now, with the technical and fundamental backdrop confirming further downside, this is a good opportunity to sell EUR/USD again, targeting further drops as market conditions remain favorable for the U.S. Dollar.
Short
by Sober_Trading
Euro can break resistance level and continue to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago bounced from the support level, which coincided with the support area and support line to the resistance line, forming a gap also. After this, EUR turned around and started to decline to the support line, and some time later it reached this line, breaking the 1.0865 support level. Next, EUR fell lower the support line and entered to upward pennant, where it at once made a strong impulse up to the resistance level, breaking the resistance line and 1.0865 level one more time. After this movement, the Euro turned around from the 1.1000 level and made the correction, after which it started to grow and later reached the support line of the pennant. Then price bounced up to the resistance line, thereby rising higher than the resistance level with the seller zone, but a not long time ago it dropped back to the support line, making a fake breakout of 1.1000 level. But recently price rebounded and started to grow, so, in my mind, the Euro can fall to the support line and then rebound up to the resistance line of the pennant, breaking the resistance level. For this reason, I set my TP at 1.1055 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Euro can start to decline to almost support line of channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago reached the resistance level, which is located inside the seller zone, and soon broke this level. After this movement, the Euro a little rose, and then turned around, after which started to decline inside the downward channel. In the channel, the price soon broke the 1.0900 level and then some time traded near, after which bounced and dropped to the support line of the channel. After this, the Euro turned around from the support line and quickly rose almost to the resistance line of the channel, after which bounced and fell to the 1.0800 support level, which is located inside the buyer zone. Price some time traded near this level and then rebounded up to the resistance line of the channel again, after which turned around and made an impulse down, breaking the 1.0800 level. But soon, the EUR turned around and backed up to almost the resistance line of the downward channel, making a fake breakout of a support level. Now, I think that the price can rebound from the resistance line and start to decline to almost the support line of the downward channel, breaking the support level. For this reason, I set my TP at 1.0750 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
HelenP. I Euro will break trend line, make retest and rebound upHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago reached the support level, which coincided with the support level. Soon, EUR broke this level, made a retest, and at once made an impulse up to the resistance level, but when it reached the 1.0900 level, it made a small correction movement. After this, the price rose to the resistance zone, breaking the 1.0900 level and forming a gap, after which little declined and then made impulse up to the trend line. Then Euro turned around from this line and quickly declined lower the 1.0900 level, breaking it one more time. Next, the price made a retest, after the breakout, after which dropped to the 1.0835 support level. Price some time traded near this level and not long time ago rebounded up to the trend line, where continues to trades very close to this day. For my mind, EURUSD will decline a little more and then rebound up, higher than the trend line. After this movement, the price can make a retest, or at once continue to grow to almost resistance level, without a retest, So, for this case, I set my goal at 1.0890 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
Euro can fall to support level, break it and continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago declined to the resistance level, which coincided with the seller zone, broke it, and fell a little lower than1.0755 level. But later price turned around and made a strong impulse up to the support line, breaking the resistance level again, after which the price started to decline. In a short time, the EUR fell to the 1.0755 level, broke it, and entered to range, where it declined to the support level, which coincided with the buyer zone and even made a fake breakout of it. Then price quickly rose to the resistance level, which coincided with the seller zone, breaking the support level, but at once rebounded and fell back to the 1.0680 level. After this, the EUR rebounded up, broke the support line, and rose almost to the top part of the range, after which turned around and fell to the buyer zone. A not long time ago price started to grow and in a short time backed up to range, where it now continues to grow. In my opinion, the price can rise a little more and then start to decline to the support level, after which the EUR will break this level, thereby exiting from the range and continuing to decline. So, that's why I set my TP at 1.0650 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4