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Euro

Euro can reach resistance level and then start to declineHello 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 support level, which coincided with the support area and started to grow to the resistance level. In a short time price reached the 1.0895 level, which coincided with the seller zone and soon broke it, after which it even rose a little more, but then turned around and started to decline inside the downward channel. In the channel, EUR broke the resistance level one more time and declined to the support area, which coincided with the support line of the channel. But soon, the price turned around and made an upward impulse, thereby making a fake breakout of the support level and later even exiting from the downward channel. After this move, the price declined inside the triangle from the resistance line to the support line, breaking the 1.0735 level. The Euro turned around from the support line of the triangle and in a short time rose to the 1.0735 level and soon broke it again, after which continued to rise to the resistance line of the pattern. Next, the price exited from the triangle pattern and soon reached a resistance level, but recently it rolled down and now the price tried to rise. But in my opinion, it can reach a resistance level and then start to decline. For this reason, I set my target at 1.0800 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
EURO - Price can break resistance level and rise to $1.0920Hi 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 at once bounced from support level and fell to support line of channel. Then Euro at once bounced up to support area, some time traded there, and soon broke $1.0725 level again. Next, price rose to resistance line of channel, after which made correction to support line and then continued to grow. In a short time, EUR rose to $1.0865 level, which coincided with resistance area and even rose to resistance line of channel. But soon it turned around and declined lower $1.0865 level, making fake breakout and now EUR continues to fall. Possibly, price can decline a little more and then bounce up to $1.0920, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD Perfect level to sell on the Lower HighThe EURUSD pair hit the top (Lower Highs trend-line) of the 5-month Channel Down and got immediately rejected. This pull-back is most likely the start of the new Bearish Leg on its way for a Lower Low at the bottom of the pattern. Technically, we are on almost perfect symmetry with the previous Leg, which formed a Lower High after a 4H Golden Cross. When the 4H MACD completed a Bearish Cross on the 0.00240 level (which is where we are now), the sell signal was confirmed. As a result, we most likely have the most optimal sell confirmation right now. Target 1 is just above Support 1 at 1.07300 and Target 2 just above Support 2 at 1.06550. ------------------------------------------------------------------------------- ** 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
EURUSD: Short-term guideThis is my suggested path for EURUSD for short-term trading It might be expired or invalidated first a bullish move to 1.0874. Then we'll wait for a retrace again to yesterday's pivot, a little over the monthly pivot which is around 1.0859 and a final upward move is waiting for us there to tp of 1.0887 Remember that the numbers are not necessarily precise they might be invalidated and some noises could annoy traders. I generally don't recommend short-term trading but by taking marginal risks it's rational
Long
by AliSignals
EUR/AUD H4 | Potential bearish reversalEUR/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.6342 which is a pullback resistance. Stop loss is at 1.6405 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 1.6229 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. 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. 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 Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-19-2024 GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment. See higher Time Frame Analysis below
by SnowflakeTrader
EURUSD: Overbought on 1D presenting a sell opportunity.EURUSD is overbought on its 1D technical outlook (RSI = 71.115, MACD = 0.002, ADX = 33.336) with the price approaching the top/ LH trendline of the long term Channel Down. It is already past the 0.618 Fibonacci level, where the last LH got rejected but the 1D RSI is right where the tops of December 27th 2023 and March 7th 2024 where formed. This is a solid low risk sell opportunity, aiming for the next LL on a 1.236 Fib extension (TP = 1.05550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURO/JPY Hello Agn, I wanted to let you know that there's an opportunity to enter a short position in EuroJPY. Recently, the Japanese government's banking system made a move in the market, resulting in a sharp downward candle. Considering all the other candles that came afterward in an uptrend, it could be a sign that a downtrend is up ahead (i see all these candles as a CP). Therefore, you can enter the market in a downtrend position and potentially make a profit. Let me know if you have any questions or concerns. And Like always Thank me Later.
Short
by Cryptosours
2
EUR/AUD Possible wave upward(5/15/2024)EUR/AUD seems to be making a new upward wave. EUR/AUD made a good move as Wave 1 and then we can see a big ABC correction. We believe that the price will move upward after touching the multi-resistance level at the 1.626 zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
Long
by fortunamarkets
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
EURJPY BULLISH - 15 May 2024Like, comment and share with your peers! Am looking for buys on EURJPY between the range below. Find my confluences below; ✅Price at psychological level? ✅Has there been a recent intraday range? ✅Do you see 30 mins or 1 hr price bar closure outside recent range? ✅Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx? With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit Position Parameters Entry 169.000-169.364 SL 168.687 (flexible - put SL as occasion serves you and give the trade a second chance if SL is hit) TP 170.505 Drop a comment to let me know if you have picked up a thing or two form my analysis Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details Entry 169.000-169.364 SL 168.687 TP 170.505
Long
by Kingsley_lotanna
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
EUR/NZD H4 | Multi-swing-low support belowEUR/NZD could fall towards a multi-swing-low support and potentially bounce off this level to climb higher. Buy entry is at 1.7860 which is a multi-swing-low support. Stop loss is at 1.7830 which is a level that lies underneath a multi-swing-low support. Take profit is at 1.7959 which is a pullback resistance that aligns with the 38.2% 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. 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. 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.
Long
by FXCM
1