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Euro

EUR/USD could be due a break from its bearish drubbingHaving fallen for six consecutive days, bearish momentum on EUR/USD is beginning to fade. Tuesday's low also held above the 1.06 level and 71.6% Fibonacci level whilst RSI (14) and (2) are in oversold levels on the daily chart. The 4-hour chart shows bullish divergences on the RSIs, so the bias is to seek dips towards 1.06 for a long towards 1.0650 at a minimum. As we suspect some mean reversion higher is due - even if only temporarily.
Long
by CityIndex
eurusd → an updatehello guys... as I published before: I am in the short position from QMl(2) and the price was respected in my area perfectly:)) now I think the pair wanna touch the midline of the descending channel and start another downward movement but the support area is so strong so we can expect a compression here! ___________________________ ✓✓✓ 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
Short
by melikatrader94
11
EURO - Price can break resistance line and rise to $1.0750Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to trades in flat, where it soon rose to top part, but at once bounced down. In a short time, EUR declined to resistance area, which coincided with bottom part of flat with $1.0810 level. Soon, price exited from flat, breaking $1.0810 level too and a little decline, but later Euro tried to back up. Price failed, broke $1.0810 level one more time and in a short time declined to support area, breaking $1.0630 level. But recently, price exited from this area, making fake breakout, and rose to resistance line, where now continues to trades. Possibly, Euro can decline to support level, after which bounce up to $1.0750, breaking resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
EURUSD above the 4H MA50 after 2 weeks.The EURUSD pair broke above the 4H MA50 (blue trend-line) today for the first time in almost 2 weeks (since April 10). Our long-term bearish Target (1.05500) is intact, as called on April 02 (see chart below): The 4H MA50 test should be a rejection though as it has been done while the pair is forming a Bear Flag. That is similar to the February 12 test which resulted into one final drop on the bottom (Lower Lows trend-line) of the long-term Channel Down. We expect a strong medium-term rebound after the price hits 1.05500 and our Target will be 1.0800, which is marginally below the 0.618 Fibonacci retracement level, the mark that priced the March 08 (Lower) High. ------------------------------------------------------------------------------- ** 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
HelenP. I Euro can make little correction, after which bounce upHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago price entered to consolidation, where it reached resistance 2, which coincided with the top part of the range and resistance zone. After this movement, EUR turned around and made an impulse down to resistance 1, which coincided with the bottom part of consolidation but soon turned around and in a short time rose back to resistance 2. Soon, the price broke this level, thereby exiting from consolidation too and later reaching the trend line. After this movement, the Euro started to decline and in a short time fell below resistance 2, breaking it one more time and continued to fall. Later price turned around and made impulse up to resistance 2, breaking the trend line, but then it at once rebounded and backed up. As well soon, the price broke resistance 1, which coincided with one more resistance zone and even declined lower this area. But recently price rose to the trend line and now trades close. For this case, I expect that the Euro will make one more little movement down and then start to move up to the resistance level, breaking the trend line. That's why I set my target at the 1.0700 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
Euro can decline to buyer zone again and then start to riseHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a not long time ago entered to downward channel, where firstly it broke the resistance level, which coincided with the seller zone and rose to the resistance line of the channel. Next, the price turned around and soon fell to the seller zone, but later price tried to back up and failed, after which in a short time Euro declined to support line of the downward channel, breaking the 1.0815 level. But then, the price started to rise and soon backed up to the seller zone, after which it some time traded near this area, and then made a strong downward impulse to support level, exiting from the channel and breaking the 1.08150 level one more time. Price started to trades near the 1.0620 support level, which coincided with the buyer zone and sometimes it even declined to this area, but a not long time ago EUR rebounded up. So, in my opinion, the Euro can decline to the buyer zone again, and then repeat movement up higher current location. For this case, my 1st TP is located at the 1.0740 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
EURUSD One last dump before the pump?The EURUSD pair is approaching the 1.05500 Target that we called on April 02 (see chart below), which is at the bottom of the 4-month Channel Down: That will form the new Lower Low of the pattern, completing a -4.00% decline from the Lower High, which is 100% symmetrical with the previous Low. The structure of the Legs is very symmetrical so after the Low we expect the pair to turn bullish on the medium-term again. Our Target will be 1.0800 (just below the 0.618 Fibonacci retracement level). ------------------------------------------------------------------------------- ** 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 - Price can exit from wedge and continue move up to $1.0745Hi 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 wedge, where it first broke $1.0785 resistance level, which coincided with resistance area. Then EUR fell to support line and at once made strong upward impulse, breaking $1.0785 level one more time. Later it reached resistance line of wedge, turned around, and made downward impulse to support line, breaking $1.0785 level. Next, Euro started to trades near $1.0625 support level, which coincided with support area and even made fake breakout. After this, EUR bounced up to resistance line of wedge, which at the moment continues to trades near. Possibly, Euro can break resistance line, thereby exiting from wedge and continuing to rise to $1.0745 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Eurozone Core & Headline CPI overviewEUROZONE CPI Eurozone Headline and Core CPI for October both came in as expected (decrease) Eurozone Headline CPI: MoM – Actual 0.1% / Exp. 0.1% / Prev. 0.3% YoY – Actual 2.9% / Exp. 2.9% / Prev. 4.3% (purple on chart) Eurozone Core CPI: MoM – Actual 0.2% / Exp. 0.2% / Prev. 0.2% YoY – Actual 4.2% / Exp. 4.2% / Prev. 4.5% (blue on chart) The chart below illustrates the direction of the current YoY down trend for both Headline and Core CPI however we are still not at the historical moderate levels of inflation desired. You can see these moderate levels of inflation between 0 – 2% from 2015 – 2020 below.
ECONOMICS:EUCIR
by PukaCharts
1
HelenP. I Euro will rebound from trend line and rise to $1.0700Hi folks today I'm prepared for you Euro analytics. A few moments ago price reached the resistance zone, breaking resistance 2, but soon it turned around and in a short time declined to resistance 1, making a fake breakout. Soon, EUR turned around and made a strong impulse up to the trend line, breaking resistance 2 one more time and even soon broke the trend line too. But later price started to decline and broke resistance 2 again, after which the Euro made a little movement up and then continued to decline. Later price turned around and made an impulse up from the trend line to resistance 2 again, but when it reached this level, the EUR at once turned around and made an impulse down to resistance 1, which coincided with one more resistance zone. Soon, the price broke this level and fell to the trend line, where the Euro some time traded near. But a not long time ago price rebounded and started to move up, for my mind, the Euro will make a correction movement to the trend line again and then rebound up to the 1.0700 resistance level, which is my target also. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
EUR/JPY H4 | Heading into overlap resistance?EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 164.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 165.45 which is a level that sits above a multi-swing-high resistance. Take profit is at 163.61 which is a pullback support that lies above 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. 66% 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. 70% 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.
Short
by FXCM
Euro can rebound down from resistance line and continue fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago started to rise inside the upward channel, where firstly it declined to the 1.0780 resistance level, which coincided with the seller zone. Soon, the price broke this level and declined to support line of the channel, after which EUR at once rebounded and made an upward impulse to the resistance line of the channel, breaking the 1.0780 level one more time. Next, the price some time traded near, but later Euro turned around and started to decline inside the downward channel, leaving the past channel. In the downward channel, EUR fell to the support level, which coincided with the buyer zone, breaking the 1.0780 resistance level also. After this, the price bounced from the 1.0620 level and tried to rise, but declined to the buyer zone, which a not long time rebounded up to the resistance line of the channel, making a fake breakout. At the moment, I think that the Euro can rebound down from the resistance line, break the support level, and continue to decline in a downward channel. For this reason, I set my target at the 1.0500 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
EUR/AUD H4 | Rising into overlap resistanceEUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.6563 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.6634 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at 1.6465 which is a pullback support. 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. 66% 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. 70% 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.
Short
by FXCM
EUR/GBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8568 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.8596 which is a level that sits above a pullback resistance. Take profit is at 0.8531 which is a pullback support. 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. 66% 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. 70% 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.
Short
by FXCM
EURUSD: Oversold on 1D but still bearish long-term.EURUSD turned oversold today on its 1D technical outlook (RSI = 29.517, MACD = -0.004, ADX = 31.573) as it failed to sustain the rebound during the early session. The long term pattern is a Channel Down since the start of the year and this is the second bearish wave for a LL. The 1D MACD is on the second Bearish Cross inside 30 days and even though a short term rebound might be possible, we expect a test of the Channel Down's bottom by the end of the month (TP = 1.05550). That would be on a perfect -4.00% symmetry with the decline of the previous bearish wave. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURO - Price can start to decline to $1.0575 support lineHi 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 first broke resistance level and fell to $1.0775 points. After this, price tried to rise, but failed and declined lower, after which EUR turned around and started to grow in rising channel. In this channel, price made fake breakout of $1.0840 level, and then declined lower support line. Next, price started to trades in wedge, exiting from rising channel, where EUR rose higher $1.0840 level again. But then Euro turned around and made downward impulse to support line of wedge, breaking $1.0840 and $1.0700 levels. Recently price rose to resistance line and I expect that Euro can break this line, after which it bounce down to $1.0575 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
EURUSD: Overall view Greetings Traders, Key Levels Around 1.0700: Today's R1, Previous Day's S1, March S1, and a strong reversal point all converge around 1.0700, indicating significant levels to monitor. Yellow Bullish Channel: It's imperative to watch for any breaks below the yellow bullish channel, as this could invalidate our current analysis. Take Profit Targets: TPs are set at the bottom of the channel and today's pivot around 1.0665. Upcoming Events: Keep an eye out for surprises in today's retail sales announcement and tomorrow's Federal Reserve Chair Jerome Powell speech, as these could potentially alter market direction or affect optimal entry levels. Short-Term Trading Strategy: Short-term traders may consider taking long trades if the price surpasses 1.0670. Best regards,
Short
by AliSignals
HelenP. I Euro can break trend line and rise to resistance levelHi folks today I'm prepared for you Gold analytics. A few moments ago price reached the resistance zone, which coincided with resistance 2, but soon price turned around and in a short time declined to resistance 1, thereby exiting from the 1.0850 - 1.0870 resistance area and starting to trades inside from consolidation. In range, the price at once rebounded from resistance 1 and rose back to the 1.0850 - 1.0870 resistance area, but soon Euro turned around and declined below, making a fake breakout of resistance 2. Price some time traded near this level and later it entered to 1.0850 - 1.0870 resistance area one more time and then it reached the trend line. After this, the Euro rebounded and made a strong impulse down to resistance 1, breaking resistance 2 again and soon price broke resistance 1 too, thereby exiting from consolidation as well. Also then, EUR some time traded in one more resistance area, after which it declined more. For my mind, the Euro will start to move up to the resistance level, thereby breaking the trend line. That's why I set my target at the 1.0725 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
6