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EURO - Price can rise a little and then bounce down in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price made first gap and later broke $1.0825 level, but soon turned around from support line and started to grow. In a short time, Euro rose to $1.0910 level, but at once bounced, making a second gap and then fell to support line. Next, price made upward impulse, thereby breaking $1.0910 level, after which turned around and started to decline in channel. Inside falling channel, EUR broke $1.0910 level again and support line too, after which continued to decline. Recently price fell to support level, after which started to grow, so, in my mind, EUR can rise a little. Then price will turn around and fall to $1.0810 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
2
EURUSD Volatility ahead but bearish on a 1-month horizon.The EURUSD pair is pulling back as per our last week's trading plan (July 16, see chart below) and reached the bottom of the (dashed) Bullish Leg: The long-term pattern remains a Channel Up but as mentioned last week, the current Bullish Leg is about to get exhausted. On the previous Bullish Leg it did on a Double Top. Regardless if that takes place or not eventually and creates volatility for the next 7 days, we expect a new Bearish Leg to start and lead to and end-of-August Higher Low. Our Target remains 1.07250. On a side-note, the 1D RSI got rejected exactly before hitting the 70.00 overbought barrier, and the last 2 times that took place in 2024, it turned out to be the most optimal medium-term Sell Signal. ------------------------------------------------------------------------------- ** 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
HelenP. I Euro can rebound up from support zone to $1.0915Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price reached support 2, which coincided with the support zone and soon broke this level. After this movement, the price tried to grow but failed, made the first gap, and fell to support 2, which coincided with the trend line. Then Euro turned around and in a short time rose higher than support 1, which coincided with one more support zone, after which fell to this area, and some time traded inside. Later price broke support 1, and entered to consolidation, where it made a second gap and then made a correction to the support level. After this, the EUR rebounded up to the top part of the range and then turned around and dropped to the support level, thereby breaking the trend line. Now price continues to trades near this level to this day and I expect that EURUSD will rebound up from the support zone to the trend line, That's why I set my goal at 1.0915 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Euro can break resistance level and continue rise in channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few moments ago rebounded from the support line and tried to grow, but failed and fell a little below. Then price in a short time rose to the resistance level, which coincided with the seller zone and resistance line, after which made a downward impulse to the support level, making a first gap. After this movement, the Euro rebounded from the support level, which coincided with the buyer zone and rose to the resistance line, but then it at once dropped lower than the 1.0725 level and reached the support line. Next, the price some time traded below the support level and later broke the resistance line, after which it turned around and fell back. Then EUR started to grow inside the upward channel, where it broke the 1.0725 level and formed another two gaps, after which broke the 1.0900 level and reached the resistance line of the channel. But recently Euro rebounded and fell below this level, breaking it again. For this reason, I think the price can break the resistance level and make a retest, after which continue to grow inside the upward channel. So, that's why I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
EURO - Price can continue to decline inside falling channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it made the first gap, after which broke $1.0810 level. Then price made a second gap and some time traded near $1.0810 level, after which bounced and continued to grow in channel. Later EUR made a third gap and reached $1.0920 level, but at once bounced and fell little below. After this movement price made an upward impulse, thereby breaking $1.0920 level and exiting from rising channel. But soon, Euro turned around and started to decline inside falling channel, where it recently broke $1.0920 level again. Now, I think price can make a small movement up and then continue to decline to $1.0850 in falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I Euro will rebound up from support zone to $1.0995Hi folks today I'm prepared for you Euro analytics. Some time ago price declined to the trend line and at once rebounded and started to grow inside the upward channel where quickly rose to support 2, which coincided with the support zone. After this, the price made a small correction and then broke support 2 and rose until to resistance line of the channel, after which made a first gap and then fell to the support zone. Next, Euro tried to grow, but failed and fell back, after which turned around and made impulse up to support 1, which coincided with one more support zone. But the price rebounded from this level, made a second gap, and later dropped to the trend line, which is the support line of the channel too. After this movement, the Euro rebounded up from this line, broke support 1, and just now traded near the support zone. For my mind, EURUSD will rebound up from the support zone and rise to the resistance line of the upward channel. That's why I set my goal at 1.0995 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Euro can start to decline from resistance line of upward channelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price started to grow inside the upward channel, where it at once declined to the support level, which coincided with the buyer zone and soon bounced up. Price in a short time rose to the current support level, which coincided with the resistance line of the channel with the support area, and then quickly fell to the support line of the upward channel. Then Euro reached the support area, after which turned around and made a downward impulse to the 1.0730 level, thereby exiting from the channel and forming a first gap. After this movement, the EUR tried to grow but failed and dropped lower than the 1.0730 level, thereby breaking it, but later price turned around and started to grow in another one upward channel. In this channel, the price soon broke the 1.0730 level and formed a second gap, after which made a retest and continued to move up. Later Euro rose to the current support level, broke it, making the last gap, and a not long time ago it rebounded up to the resistance line of the channel, where continues to trades very close to this day. So, I think the price can rebound down from the resistance line to the support line of the upward channel, breaking the support level. For this reason, I set my TP at 1.0835 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
EURO - Price can bounce down of resistance line to $1.0850 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where it some time traded between $1.0850 level and then made a downward impulse. Price broke $1.0850 level and exited from rising channel, after which fell to $1.0720 level and at once bounced up. Next, EUR started to trades inside wedge, where it bounced from resistance line and quickly declined to support line. After this, price bounced from this line, broke $1.0720 level, and even made a gap, after which continued to grow. Then Euro reached $1.0850 level, broke it too and made a second gap, after which bounced from resistance line. Now, I think price can reach resistance line and then bounce down to $1.0850 level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
Euro H1 | Bullish uptrendThe Euro (EUR/USD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 1.0882 which is a pullback support. Stop loss is at 1.0849 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 1.0922 which is a pullback resistance. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
EURUSD Going for a Higher High rejection. Time the sell.The EURUSD pair has been trading within a Channel Up pattern and as we mentioned on our previous idea (July 08, see chart below), is aiming for a Higher High target at 1.09500: Since last week, the price is getting closer to our Target and the top of the 3-month Channel Up. Based on the pattern's symmetry and the proportions between the Bullish/ Bearish Legs, once we reach 1.09500 we will reverse to a sell, targeting 1.07250 (bottom of Channel Up). Technically, once the 4H RSI forms Higher Lows, the new bottom is formed. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURGBP Double ScenrioHello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel Overall chance of rise is a little more Bullish scenario will be activated after breaking the purple line Bearish scenario will be activated after breaking the zone Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.
Long
by AliSignals
2
EURAUD Channel Down bottom = Buy opportunityThe EURAUD pair has been consolidating sideways for almost 3 weeks following the June 26 Low. Even though this is not near the bottom (Lower Lows trend-line) of the long-term (blue) Channel Down, the fact that it is being formed while the 1D RSI is on Higher Lows, indicates a Bullish Divergence. The last such Divergence occurred on December 25 2023, when the pair formed the previous Lower Low (bottom). As a result, this is an opportunity to go long and target 1.64500 (+3.40% as the initial rise of the previous Bullish Leg). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
HelenP. I Euro can rebound down from trend line to support levelHi folks today I'm prepared for you Euro analytics. A not long time ago price declined lower than support 2, which coincided with the support zone and reached the trend line, after which started to grow. In a short time, the price broke support 2 again and even later made the first gap, and then made a correction to support 2, breaking the trend line. After this, the Euro rebounded from support level, and rose to the trend line, and broke it again, after which continued to move up to support 1, which coincided with one more support zone. Then the price turned around made a second gap, and dropped the lower trend line, breaking this line one more time. Euro some time traded below support 1, but later it made impulse up to the trend line, and finally broke this level, after which it made a little correction and soon came back to the trend line. To this day, the price continues to trades near the trend line and I expect that the Euro will make a small movement up, higher than the trend line, after which turn around and drop to the support level. That's why I set my goal at 1.0840 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
EURO - Price can start decline from resistance line of channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where it at once broke $1.0710 level and fell to support line. Next, price bounced from this line and soon broke $1.0710 level again and made the first gap, after which continued to rise. Then Euro made correction to support level and then bounced up to $1.0840 level, forming another two gaps. Some time later, price traded near $1.0840 level, and a not long time ago broke it, after which rose to resistance line of channel. But then, EUR at once made correction, so now it trying to back up to resistance line. Possibly, price can reach this line and then bounce down to $1.0820 points, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
Euro can drop to support level, leaving upward channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago made impulse up to the resistance line, but soon turned around and dropped to the support level, which coincided with the buyer zone, breaking the 1.0820 level. After this movement, the price rebounded from the buyer zone and tried to grow, but soon turned around and fell back to the buyer zone. Then the price rose to the resistance line, but at once fell back, after which turned around and started to grow inside the upward channel, where it soon broke the resistance line with the 1.0700 level. In the channel, the price made two gaps and also later broke the 1.0820 level, which coincided with the support area. Price some time traded near this level and then rebounded up to the resistance line of the upward channel. At the moment, the Euro continues to trades near this line, so, in my opinion, the price can rebound from the resistance line of the channel and start to decline to the current support level, thereby exiting from the upward channel. For this reason, my TP is 1.0820 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Shorting EUR/USD Amid Market SpeculationsWe are taking a strategic short position on the EUR/USD pair. The major currency pair has experienced strong gains recently, primarily driven by the US Dollar (USD) being under pressure due to firm market speculation that the Federal Reserve (Fed) might reduce interest rates in September. Despite this bullish momentum, the EUR/USD pair seems to be approaching a resistance level that could trigger a reversal. This anticipated reversal aligns with our identified Supply area and the 78.6% Fibonacci retracement level. These technical indicators suggest that the pair is poised for a potential downturn. Additionally, our analysis of the Commitment of Traders (COT) report, focusing on non-commercial speculators, supports this outlook. The data indicates a possible shift in market sentiment that could favor a bearish move. Coupled with our seasonal forecast, which also points towards a downturn, the confluence of these factors strengthens our case for shorting the EUR/USD pair. In summary, the combination of technical resistance, COT data, and seasonal trends presents a compelling case for a short position on the EUR/USD. We are confident that the alignment of these factors provides a robust foundation for our trading strategy, anticipating a reversal from the current levels. ✅ Please share your thoughts about EURO 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.
CME:6E1!Short
by FOREXN1
5