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Euro can rebound up from wedge to 1.1120 resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price rose inside the upward channel, where it reached the buyer zone, which coincided with the support level and some time traded in this area. Then, the price broke the 1.0830 level and soon reached the resistance line of the upward channel, after which turned around and in a short time declined to the support line of the channel and at once made impulse up, making a fake breakout of the 1.0830 support level. Next, the price continued to move up and later reached a resistance level, which coincided with the seller zone. After this, the price exited from the channel and broke even 1.1120 level, and then rose a little higher seller zone, but soon turned around and started to decline inside the wedge. In this pattern price broke the resistance level and declined to the support line, after which at once rebounded up to the 1.1120 level and then continued to decline. Now Euro trades near the support line of the wedge and in my opinion, it can rebound up from this line to the resistance level, thereby exiting from the wedge pattern. That's why my TP is located at the 1.1120 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Pre ECB Rates Decision Analysis12th September (ECB Rates Pending) DXY: Climbing towards 102 resistance, could push higher if EUR weakens, needs to break 102.20 for further upside to 102.70 NZDUSD: Sell 0.6135 SL 20 TP 60 (Hesitation at 0.6110) AUDUSD: Sell 0.6685 SL 20 TP 60 GBPUSD: Sell 1.3030 SL 25 TP 60 EURUSD: Rates decision pending, straddle opportunity, Sell 1.0985 SL 20 TP 45 USDJPY: Sell 143.50 SL 50 TP 150 USDCHF: Buy 0.8585 SL 40 TP 80 USDCAD: Sell 1.3580 SL 30 TP 70 Gold: Needs to stay below 2520 for downside to 2500
TVC:DXY
by JinDao_Tai
EURCAD Sell continuation signalThe EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550. ------------------------------------------------------------------------------- ** 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
2
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: Channel Down expected to bottom & give a buy opportunityEURUSD is bearish on its 4H technical outlook (RSI = 33.975, MACD = -0.002, ADX = 38.295) as the 2 week Channel Down is on a bearish wave under the 4H MA50 and just over the 4H MA200. Technically this is already LL region but the bottom might take a while to form, as August 29th - Sep 3rd did, grinding inside a Rectangle. Testing the 1D MA50 inside a new Rectangle potentially, could make an ideal technical bottom. We will target the 0.618 Fibonacci level following that (TP = 1.10850), same as the September 6th LH. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EUR/AUD H4 | Falling to overlap supportEUR/AUD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.6516 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 1.6383 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.6706 which is a swing-high resistance that aligns with the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
EURO - Price can make small move up and then bounce down in flatHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded between $1.1120 level, which coincided with resistance area and later made upward impulse. After this, EUR started to decline inside falling channel, where it fell lower $1.1120 level, breaking it. Next, price exited from channel and started to trades in flat, where it fell to bottom part and even made a fake breakout. Then Euro turned around and in a short time rose to the top part of flat, which coincided with resistance level. But a not long time ago price bounced down and I think that EUR can make a small move up and then fall to $1.1045 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
13
Euro will rise almost to resistance line and then continue fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to upward channel, where it at once made a first gap and then broke the 1.0780 level, which coincided with the buyer zone. Then price rose to the resistance line of the channel, making a second gap, after which turned around and in a short time declined to the support level, which coincided with the support line of the channel. After this movement, the Euro rebounded and continued to move up inside the channel, until it reached a resistance level. Price broke this level, which coincided with the seller zone, and then exited from the channel also, but when it reached the resistance line, EUR turned around and started to decline. Soon, the price broke the 1.1135 level and continued to decline, but recently price rose to this level, after which rebounded and continued to fall. Now, I think that the Euro can little rise, maybe almost to the resistance line, and then continue to decline next. For this case, I set my TP at 1.0920 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
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
EURUSD Sell signal confirmed.Last week (September 03, see chart below), we called for a major sell on the EURUSD pair as it closed a strong 1W red candle, almost at the top (Higher Highs trend-line) of the 11-month Channel Up: On Friday we got a strong confirmation of this sell signal as it closed in deep red and large wick on top, indicating a reversal of the short-term bounce. Naturally, today's opening to the week is equally bearish and we still expect that to be the first stage of the new Bearish Leg of the Channel Up. We already have set a 1.0900 Target last week, which would make an ideal test of the 1D MA200 (orange trend-line), but this week we establish a 2nd one as well at 1.08000. That would be just above Support 1 and the bottom (Higher Lows trend-line) of the Channel Up, almost a -3.95% decline, which since July 2023 and the pair's two major Bearish Legs, has been the minimum % decline we've had. ------------------------------------------------------------------------------- ** 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
EUR/USD: Bearish Bias Amid Dollar Strength and ECB Rate Cut Ex..EUR/USD: Bearish Bias Amid Dollar Strength and ECB Rate Cut Expectations Last Friday, the EUR/USD pair attempted to recover some of its losses from the previous week, following an initial decline in the US Dollar. The greenback weakened after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which delivered less-than-encouraging economic signals. However, the dollar quickly regained ground thanks to positive results from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which helped to boost investor confidence in the US economy. Despite this brief rebound in EUR/USD, the pair's upside potential seems limited. Recent inflation data from the eurozone has heightened market expectations that the European Central Bank (ECB) will implement a rate cut at its upcoming policy meeting on Thursday. This looming policy shift has created a bearish outlook for the euro, as lower interest rates typically reduce the attractiveness of a currency in global markets. From a technical perspective, our bearish stance on EUR/USD remains unchanged. Over the past two weeks, the pair has struggled to maintain its rally after hitting a major supply area, which has now turned into a formidable resistance zone. Adding further to this bearish sentiment is the Commitment of Traders (COT) report, which reveals that retail traders are predominantly bullish on the euro, while institutional players, often referred to as "smart money," maintain a bearish position. This divergence suggests that the euro's recent attempts to rally may lack the institutional support needed for sustained upward momentum. Seasonality also favors a bearish trend for the euro at this time of the year. Historical data shows that the EUR/USD pair tends to weaken during this period, aligning with our current forecast. The combination of technical resistance, COT positioning, and seasonal trends points to further downside risks for the euro. On the chart, I have highlighted a key demand area where the price could potentially drop. This zone may act as a magnet, pulling the pair lower before triggering a possible retracement. If the price reaches this level, we may see a short-term bounce, but the overall bias remains bearish unless there is a significant shift in fundamentals or technical indicators. In conclusion, the EUR/USD pair faces several headwinds, including dollar strength, expectations of an ECB rate cut, and bearish technical and seasonal factors. Traders should remain cautious as the pair approaches key demand levels, and any short-term rallies may be limited by broader market forces. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Watch out as EURGBP net short positioning is reversing quicklyLeveraged money net positioning is reversing from extreme short levels in EURGBP futures. We do acknowledge the UK's recent positive political momentum amid political turbulence in the EU, however we believe the effect is in the price. On top of that, our fundamental macro model is slightly bullish EURGBP, certainly not indicating a further drop from these levels. This might indicate a rally in EURGBP towards 0.86 after a recent 2 standard deviation selloff.
Long
by bearwhispering
EUR/USD Reversal After Strong US Data: Bearish Momentum Ahead?After yesterday's pullback, the EUR/USD pair has formed a rejection candle on the daily chart after touching the 1.1112 mark. The pair's gains against the USD were quickly reversed, as surprisingly strong US ISM Services Purchasing Managers Index (PMI) data for August offered significant support to the US Dollar (USD). The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, has recovered most of its intraday losses after finding buying interest near the day's low around the 101.00 level. From a technical perspective, we have already closed 50% of our position after the price bounced back from a key supply area. The Commitment of Traders (COT) report shows a high level of retail traders accumulating long positions in EUR/USD, marking the highest accumulation since the last significant price peak in December. This accumulation hints at potential exhaustion of the bullish sentiment among retail traders, which may lead to further bearish pressure. The ISM Services PMI report revealed that activity in the US services sector expanded slightly more than anticipated, with a reading of 51.5, compared to July's 51.4. Economists had projected a modest slowdown to 51.1, but the unexpected uptick in service activity adds another layer of support for the USD. This strong economic performance suggests that the US economy remains resilient, increasing the chances of sustained strength in the USD. Given this scenario, we anticipate a continuation of bearish pressure on the EUR/USD and other currency pairs against the USD. With retail traders heavily positioned long and the fundamentals favoring the USD, the market may continue to see the US Dollar strengthen in the coming days, offering potential opportunities for those seeking to short the EUR/USD or other USD pairs. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
3
HelenP. I Euro can fall almost to trend line and then rebound upHi folks today I'm prepared for you Euro analytics. A few moments ago price reached support 2, which coincided with the support zone, making a gap as well. Next, the price broke this level and rose a little more, making a second gap, but soon turned around and dropped to support 2, which coincided with the trend line. Then price rebounded from the trend line and rose to support 1, which coincided with one more support zone and later broke this level too. After this movement, it rose to 1.1200 points, and then turned around and fell to the support zone. Then Euro some time traded in this area, until it reached the trend line. after which the price rebounded and started to grow. At the moment, I expect that EURUSD will make a correction movement to almost the trend line, after which turn around and continue to move up. Therefore I set my goal at 1.1230 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
EURCHF Sell signal on the 1D MA200 rejection.The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the 2-year Channel Down, making a new Lower Low. The instant rise and rejection on the 1D MA200 (orange trend-line) confirms bearish extension bias similar to the June 22 2023 rejection. We remain bearish on this pair, targeting 0.926500 and then after a new bounce, make a final sell for a new Lower Low. ------------------------------------------------------------------------------- ** 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
Euro can rise a little more and then start to decline Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow inside the upward channel, where it soon grew to resistance level, which coincided with the seller zone. After this, the EUR turned around and made a correction movement to support line of the channel and then rebounded up. Price made a fake breakout of the resistance line of the channel and also the 1.1160 level, after which started to fall. In a short time, the EUR left the channel and continued to decline inside the wedge, where it at once dropped from the resistance line to the support line, which coincided with the support level and buyer zone. Soon, EUR broke the support level and fell to the support line of the wedge, but later it turned around and made a strong impulse up, thereby breaking the 1.1055 level one more time and exiting from the wedge pattern. To this day, the price continues to move up, so, I think EUR can rise a little more and then make a correction movement to the 1.1055 support level, where is located my TP. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1