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EURO-USD

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
EURUSD: Buy the 4H MA50 pullback and sell at the top.EURUSD is bullish on its 1D technical outlook (RSI = 63.032, MACD = 0.002, ADX = 27.518) and on 4H it is attempting a closing above the R1 level. On the short term we have a Channel Up that will validate the new Bullish Leg if we close a 4H candle over the R1 level. If that happens, we will buy the first pullback to the 4H MA50 and aim for a +1.43% from the latest Low (TP = 1.09400), exactly what took place on April 26th. In the same manner, we will short then and aim for the 4H MA200 (TP = 1.08500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EURUSD → it formed a descending widening wedgehello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
8
HelenP. I Euro will make small move up and then start to fallHi folks today I'm prepared for you Euro analytics. A few moments ago price broke the support level, which coincided with the support area and fell to the trend line. After this movement, it turned around and started to trades inside the upward pennant, which soon rose to the 1.0760 level. Also then, EUR broke this level, made a retest, and then continued to move up to support 1, which coincided with the resistance zone. When the price reached this level, it broke and rose higher even the resistance zone to the resistance line of the pennant. After this move, EURUSD made a correction a little below support 1, after which in a short time rose back to the resistance line of the pennant, but soon turned around and started to decline. In a short time, it fell to the trend line, which is the support line of the pennant, breaking the 1.0850 level. But recently Euro rebounded up and broke this level again and now it continues to trade inside the resistance zone in an upward pennant. For my mind, EURUSD will rise to the resistance line of pennant and then start to decline to the trend line, breaking the support level. So, for this case, I set my goal at 1.0830 points, which is located a little below the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Euro's Path Ahead: Short-Term Struggles, Long-Term Triumphs**Current Momentum and Market Sentiment:** The EUR/USD pair is currently experiencing a challenging period, struggling to maintain bullish momentum. Despite a significant rally in recent months, the pair has recently faced resistance and corrective movements. The European Central Bank's (ECB) actions, including recent interest rate hikes and upward revisions to inflation forecasts, have supported the Euro, but market skepticism remains due to varying global economic conditions and the Federal Reserve's cautious stance on future rate hikes. **Technical Analysis and Key Levels:** The Euro is trading above its 20-year cycle support line, a critical historical level that previously led to a five-year rally after being broken in January 2003. The current price action, characterized by consistent volume buildup, suggests underlying strength. However, the momentum observed from January 2017 to late 2021 has been less stable, influenced heavily by the COVID-19 pandemic and subsequent economic measures. For the short term, the EUR/USD is anticipated to continue facing volatility. The immediate resistance is noted around 1.1050, with support around 1.0800. A potential target by the end of 2024 is 1.169941, assuming stabilization in interest rates and continued economic recover. ### Long-Term Forecast (Next 2-5 Years) **Macroeconomic Factors:** Long-term prospects for the Euro will largely depend on several macroeconomic factors, including the ECB's monetary policy, inflation trends, and economic growth in the Eurozone. The structural reforms and fiscal policies adopted by member countries will also play a crucial role in shaping the currency's trajectory. **Historical Context and Future Projections:** Reflecting on the historical context, the Euro's previous rally post-2003 lasted five years until the 2008 financial crisis. Given the current economic landscape, a similar prolonged uptrend could emerge if global economic conditions stabilize and Eurozone economies demonstrate robust growth. Over the next 2-5 years, the Euro might target higher levels, potentially reaching or exceeding the 1.2000 mark, driven by economic resilience and a balanced approach to monetary tightening by the ECB. However, this projection is contingent on the absence of significant geopolitical disruptions and a steady recovery from the pandemic-induced economic downturn. ### Conclusion In summary, while the Euro shows potential for both short-term gains and long-term growth, it remains subject to market volatility and economic uncertainties. Investors should closely monitor ECB policies, global economic indicators, and geopolitical developments to make informed decisions. The anticipated stabilization of interest rates by the end of the year provides a cautiously optimistic outlook for the Euro, aiming for a target of 1.169941 by year-end and further growth in the following years.
Long
by wikitrades
1
HelenP. I Euro can decline to trend line, breaking support levelHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some time ago declined to support 2, which coincided with the support zone and at once rebounded up. EUR some time traded near this level and later broke it, after which reached the trend line. After this, the price rebounded and started to grow inside the wedge, where it soon broke support 2 again and then made a retest. Then Euro in a short time rose to one more support zone, which coincided with support 1, but at once rebounded and made a correction movement to the trend line, which is the support line of the wedge as well. After this movement, EURUSD rebounded from the trend line and rose to support 1 and even soon broke it and made a retest, after which continued to move up. Just now, the Euro continues to trades near the resistance line of the wedge and I expect that the price will rebound from this line to the trend line, thereby breaking the support level. So, for this case, I set my target at 1.0780 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Euro can reach resistance level and then rebound downHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the seller zone, which coincided with the resistance level and rose to 1.0940 points, after which it started to decline inside the pennant pattern. In this pattern, EUR broke the 1.0850 level and fell to the support line, after which at once rebounded and rose to the resistance line of the pennant. Soon, the price exited from this pattern and entered to seller zone, where the Euro some time traded and soon made a downward impulse. price broke 1.0850 and 1.0650 levels, and also later started to grow inside the wedge. In the wedge, the price soon broke the 1.0650 level, which coincided with the buyer zone and continued to move up. But later it made a correction move to the support line of the wedge, after which rebounded and rose until to the resistance line. When the price reached this line, it made a small correction move, after which at once backed up, and now it trying to exit from the wedge. So, in my opinion, the Euro, after exiting from the wedge can reach a resistance level and then the price will rebound down. For this reason, I set my target at 1.0750 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
EURUSD bias for longs...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Let's see , long for eurusd for me :) At the same time i am also bias to short USDCHF USDMEX (Mexican Peso) 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
EURO - Price can fall to support line of channel and bounce upHi 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 downward wedge, where it broke $1.0850 level and fell to support line. After this movement, EUR turned around and made upward impulse to resistance area, exiting from wedge pattern. But soon, price exited from resistance area, breaking $1.0850 level again, and declined lower than $1.0670 level, breaking it too. Euro some time traded near this level in support area and later broke it again, after which continued to move up in channel. Inside rising channel, price rose to resistance line, but a few moments ago bounced and started to fall. Possibly, Euro can fall to almost support line and then bounce up to $1.0830 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2