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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
EURJPY Buy opportunity only if the 1D MA50 breaks.The EURJPY pair has been trading within a long-term Channel Up since the March 07 2022 bottom. The start of July saw it experience a strong correction, technically the latest Bearish Leg of the pattern that broke below the 1W MA50 (blue trend-line) for the first time since the week of March 20 2023 and hit the 1W MA100 (green trend-line) for the first time since March 07 2022! The 1W MA100 held, which confirmed its status as the multi-year Support but the rebound was short-lived as, even though it marginally broke above the 1W MA50, it failed to close a candle above it. As a result, this will be our signal to buy, a 1W candle closing above the 1W MA50. Once the bullish break-out takes place, our Target will be 182.000, which represents a +19.50% rise from the Higher Low, which is the % growth of both previous Bullish Legs within the Channel Up. ------------------------------------------------------------------------------- ** 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
Is the EUR/USD Recovery a Pullback Before a Bearish Move?The EUR/USD pair rebounded following the release of the weaker-than-expected US JOLTS Job Openings data, prompting questions about whether this is a potential opportunity to enter short positions. After an initial rebound from the Supply area, the EUR/USD pair recovered some ground on Wednesday, likely driven by the US labor data. However, this recovery could present a pullback, offering investors a chance to add to their positions in anticipation of a possible bearish scenario. Investors are now eagerly awaiting the US Nonfarm Payrolls (NFP) data for August, scheduled for release on Friday. This official labor market data will be critical in shaping the Federal Reserve’s (Fed) path for interest rate cuts in September. While many investors believe that the Fed will begin reducing its key borrowing rates this month, there is still uncertainty regarding the size of the potential rate cut. From a Commitment of Traders (COT) perspective, we can observe that retail traders are heavily positioned on the long side of the EUR/USD, which often serves as a contrarian indicator. Additionally, seasonality data points to a likely drop in the EUR in the near term. Given this COT scenario and the broader market sentiment, we are maintaining our bearish outlook on the EUR/USD and see this pullback as an opportunity to consider short positions. With key data releases on the horizon, such as the NFP, traders should remain cautious but be prepared for further downside in the EUR/USD pair as market conditions evolve. ✅ 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
5
EURO - Price can bounce down from pennant to $1.0950Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to pennant, where it at once bounced from support line to resistance line, breaking $1.0800 level. In this pattern, price made a gap, and later it bounced from resistance line and fell to support area, exiting from pennant. Next, EUR entered another pennant, where it at once started to grow to $1.1035 level, and exited from support area. When price reached this level, it broke it and rose to resistance line of pennant, but recently turned around and fell. Euro declined to resistance area, where continues to trades near support line of pennant, so, I think it can little grow. Then price can bounce down to $1.0950, exiting from pennant and 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
EUR/USD Faces Renewed Pressure as USD StrengthensThe EUR/USD pair has recently faced renewed downward pressure after reaching year-to-date (YTD) peaks beyond the 1.1200 level. This shift in momentum comes amid a resurgence in buying interest for the US Dollar (USD), which has dampened the pair's ability to sustain its upward trajectory. Several factors have contributed to the recent rebound in the US Dollar. Mixed data from advanced Purchasing Managers' Indexes (PMIs) in the euro area have weighed against the continuation of the EUR/USD pair's march northward. This economic data suggested that the eurozone's recovery may not be as robust as previously anticipated, adding to the uncertainty surrounding the EUR. Additionally, the European Central Bank (ECB) recently released its Accounts, revealing that policymakers saw no immediate need to lower interest rates last month. However, they warned that a new discussion on the matter could take place in September as high rates continue to impact economic growth in the region. From a technical perspective, the Euro has reached a strong supply area, as indicated by the EUR futures chart. This zone has acted as a significant barrier to further gains, and the pair’s inability to break above this level suggests the presence of substantial selling pressure. You can observe this technical resistance in the EUR futures chart on TradingView EUR Futures Chart Should the price manage to break through this supply zone, the next potential area for a reversal could be around the 1.3800 mark. However, this is contingent on several factors, including the broader economic landscape and the relative strength of the US Dollar. Looking ahead, the US economy is expected to outperform Europe in the long term, suggesting that any prolonged weakness in the Dollar might be temporary. The stronger economic fundamentals in the US, coupled with potential policy adjustments from the Federal Reserve, could provide additional support for the USD, thereby exerting further pressure on the EUR/USD pair. In conclusion, while the EUR/USD pair has shown some bullish tendencies in recent weeks, the combination of mixed economic data, technical resistance, and the potential for a stronger US Dollar suggests that the path forward could be challenging. Traders should keep a close eye on upcoming economic releases and central bank communications for further clues on the pair's direction. ✅ 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
Euro can bounce of support level, leave wedge and rise to 1.1130Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price rebounded down from the buyer zone and dropped, but soon turned around and started to grow inside the upward channel. In the channel, the price reached the support level, which coincided with the buyer zone and broke it, and then it continued o to move up. When EUR reached the resistance line of the channel, which coincided with the resistance level and seller zone, the price turned around and started to decline. Euro exited from the channel and later entered to wedge, where it rebounded from the support line and rose higher than the 1.1160 level, breaking it. Price some time traded near and after reaching the resistance line started to decline. In a short time, the EUR broke the 1.1160 level one more time and fell to the 1.1050 support level. But recently it bounced up and now trades very close to the resistance line of the wedge. In my opinion, the Euro can rebound up from the support level and exit from the wedge, breaking the resistance line. Then it will continue to move up, therefore I set my TP at 1.1130 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
EURGBP Will the Support hold?Great signal out of the EURGBP pair last time we analyzed it (June 25, see chart below), as the price hit and even surpassed our 0.8550 Target: Following that High, the pair collapsed and is about to test Support 1, which technically is Lower Lows region for the long-term Channel Down. As long as the 1D RSI Higher Lows trend-line holds, we will look for a buy on Support 1 and target the 0.618 Fibonacci extension at 0.8530. ------------------------------------------------------------------------------- ** 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
EURUSD Long-term Sell Signal confirmed.The EURUSD pair confirmed with last week's closing the start of a new bearish sequence as it closed the 1W candle in deep red below even the 1W MA200 (orange trend-line). This established not only the previous High as the top (Higher Highs trend-line) of the 11-month Channel Up but also posted an identical long-term Top sequence as the July 17 2023 weekly candle. As you can see on both tops a long-term series of red weeks was initiated, both of then stopping on the Higher Lows trend-line of the Channel Up. As a result, our 1.0900 medium-term bearish Target appears to be a modest one as it is where we anticipate the first wave of buyers (Support) on the 1W MA50 (blue trend-line) 1W MA100 (green trend-line) cluster. This may provide a bounce similar to February 12 2024. As a side-note, notice how the 1W RSI posted a similar rejection - reversal top on the 70.00 overbought barrier, same as July 10 2023. ------------------------------------------------------------------------------- ** 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