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Is EURUSD Set for a Reversal? Watch the Potential Reversal ZonesThe recent release of Core PPI and PPI m/m published in lower than expected , signaling a potential decrease in inflationary pressures in the U.S. This could lead to speculation about a more dovish stance from the Federal Reserve, which might weaken the U.S. Dollar and provide support for other currencies, including the Euro. Let’s analyze how this data could influence the EURUSD ( FX:EURUSD ) chart. The EURUSD is moving through a Heavy Support zone($1.036-$1.011) . According to the theory of Elliott waves , it seems that EURUSD has completed the main five waves (downward) , and we can expect upward waves . I expect EURUSD to start rising again from the lower Potential Reversal Zone(PRZ) and Uptrend line and then attack the upper Potential Reversal Zone(PRZ) . If this zone is broken, we should wait for the EURUSD to attack the Resistance line . 🙏Please respect each other's ideas and express them politely if you agree or disagree. ⚠️Note: If the EURUSD goes below the lower Potential Reversal Zone(PRZ), EURUSD may fall further. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
EUR/USD Longs from 1.02000 back upWhile the overall trend for EUR/USD (EU) remains bearish, the strong reaction from my marked demand zone last week has caused a Change of Character (CHOCH) to the upside. This indicates a temporary shift in momentum, and I plan to capitalize on this bullish move. My strategy is to wait for a retracement back into the 8-hour demand zone below. Once the price taps into this zone while sweeping liquidity, I’ll look for lower time frame confirmations to enter buy positions. However, if the price continues to move higher without retracing, I’ll consider potential sell opportunities from the key level at 1.04000. Confluences for EU Buys: - A CHOCH to the upside has temporarily shifted the trend. - Significant liquidity to the upside in the form of equal highs and an imbalance that needs to be filled. - A clean, unmitigated 8-hour demand zone remains below. - The DXY aligns with this counter-trend idea. - A pool of liquidity below is likely to be swept before price enters the point of interest (POI). Note: If the price breaks structure further to the upside, I’ll identify a new demand zone. For now, my primary focus remains on the 8-hour demand zone below for buys and the 6-hour supply zone above for potential sells.
Long
by Hassan_fx
Gold Approaching Key Resistance Berish Rjction or Bullish BrkoutBased on the chart provided: ### Key Observations: 1. **Resistance Zone**: - Price is approaching a strong resistance zone around 2,720–2,740, as indicated by the shaded area. - Previous interactions with this level suggest potential rejection, making it a critical zone for monitoring price action. 2. **Target Levels**: - **1st Target**: 2,680 – a minor support level where price might pause or bounce if rejection occurs. - **2nd Target**: 2,640 – a key mid-level support area aligned with historical price structure. - **3rd Target**: 2,623 – a stronger support zone near the previous low, offering a potential bounce zone. 3. **Risk-Reward Setup**: - A clear risk zone (stop-loss) is placed above the resistance zone (around 2,759), indicating a bearish outlook. - The trade setup assumes a rejection from the resistance area, with the first target likely to hit before deeper retracements. 4. **Market Context**: - Recent bullish momentum may face exhaustion as it approaches resistance, especially if accompanied by reduced volume. - The "Change of Character" (ChoCh) annotations suggest a possible shift in momentum around the resistance zone. ### Potential Trade Scenarios: 1. **Bearish Rejection**: - Look for bearish confirmation signals (e.g., bearish engulfing candles, rejection wicks) around the 2,720–2,740 zone. - Short entry: Near 2,720–2,730. - Targets: 2,680, 2,640, and 2,623, in that order. 2. **Bullish Breakout**: - If the price breaks above 2,740 with strong momentum, invalidate the bearish scenario. - Look for a retest of the 2,740 level as new support for long positions. - Target: 2,770–2,800. ### Additional Notes: - **Divergences**: Check for any bearish divergences in RSI or MACD to confirm weakness near the resistance zone. - **Economic Events**: Be cautious of news or data releases that may increase volatility in gold.
OANDA:XAUUSDShort
by TRADE_CENTER_1
Gold (xauusd) indicating a bullish trend on the 2-hour timeframeBased on the provided chart: ### Key Observations: 1. **Trend**: The price is trading within an upward-sloping channel, indicating a bullish trend on the 2-hour timeframe. 2. **Structure**: - BOS (Break of Structure) and ChoCh (Change of Character) annotations highlight the market respecting structure levels while maintaining its upward trajectory. - Recent formations suggest a continuation of the bullish trend after a corrective phase. 3. **Cup Formation**: A rounded bottom ("cup") pattern is visible, often interpreted as a bullish continuation signal. The breakout above the rim of the cup suggests potential further upside movement. 4. **Targets**: - Immediate resistance lies near the upper boundary of the channel (around 2,700–2,710). - A breakout above the channel may lead to more significant gains. ### Potential Trade Scenarios: 1. **Bullish Scenario**: - Enter on a confirmed breakout of the rounded bottom pattern. - First target: 2,700 (upper channel boundary). - Second target: 2,730 (extension beyond the channel). 2. **Bearish Scenario**: - If the price rejects the upper channel boundary or fails to maintain momentum, expect a pullback toward the midline of the channel, around 2,660–2,670. - In case of a breakdown, key support lies near 2,640–2,650. ### Additional Notes: - Monitor volume on any breakout or rejection for confirmation. - Keep an eye on key economic events or news that might influence gold prices, as these can affect momentum.
OANDA:XAUUSDLong
by TRADE_CENTER_1
Fundamental Market Analysis for January 16, 2025 EURUSDEUR/USD is holding near 1.0295 in the early Asian session on Thursday. Lower than expected US Consumer Price Index (CPI) data for December raises the possibility that the US Federal Reserve (Fed) may cut interest rates twice this year, putting pressure on the US Dollar. However, growing concerns over Eurozone economic growth could limit the major pair's gains. The US Dollar (USD) declined after weaker than expected US core CPI data, fuelling expectations that the Fed's easing cycle is not yet over. Markets now expect the US central bank to cut rates by 40 basis points (bps) before the end of the year, compared to around 31 bps before the inflation data was released. Across the ocean, the European Central Bank (ECB) cut rates four times last year and traders expect three or four changes this year due to concerns about the Eurozone's weak economic outlook. Rising bets on further ECB interest rate cuts could undermine the euro (EUR) against the U.S. dollar in the near term. Later on Thursday, investors will be watching Germany's Harmonised Index of Consumer Prices (HICP) for December and the ECB monetary policy meeting report. In the US, the main events will be retail sales data for December and weekly initial jobless claims. Trade recommendation: Watch the level of 1.0260, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004
"Awaiting Bearish Confirmation at Key Resistance Zone on DXY"Based on the chart of the U.S. Dollar Index: 1. **Trend Analysis**: The index is currently within an upward channel, indicating a bullish trend. The price is oscillating between the upper and lower boundaries of this channel. 2. **Recent Movements**: There’s a noticeable price peak around the upper boundary, suggesting potential exhaustion. The recent downward movement indicates the possibility of a reversal. 3. **Bearish Confirmation**: The note emphasizes waiting for bearish confirmation before executing any trades. This suggests that it's prudent to look for signs of trend reversal or weakening momentum before making a bearish move. 4. **Strategy**: The advice is clear: without confirmation of a bearish trend, no trading should occur, highlighting a cautious approach. 5. **Key Levels**: Watch for key support around the mid-channel and resistance near the upper boundary, which could signal entry or exit points. Overall, the chart indicates a cautious approach is necessary, focusing on confirmations before taking any trading actions.
TVC:DXYShort
by TRADE_CENTER_1
EUR/USD chart Analysis Hello Dear Traders! share Your Thoughts In comments Section Thanks For Support Date/13/Jan/2025 current price 1.02170 EUR/USD chart displays a technical setup with key levels and a potential trend forecast: 1. Demand Zone & Support Level: The demand zone and support level near 0.9500–0.9700 indicate significant buyer interest and price stabilization. 2. Order Block: A highlighted consolidation range suggests previous price accumulation, acting as a potential resistance or support zone for future movements. 3. Resistance Levels: Resistance zones around 1.1075 and 1.2275 represent areas where sellers are likely to enter. 4. Trend: The pair has broken a descending channel and is consolidating, with the possibility of bullish momentum from the support level. Fundamentally, overview EUR/USD chart implies a recovery scenario after testing support, contingent on market sentiment and economic drivers like interest rates and macroeconomic data.
Short
by David_Josh_Trader
3
Fundamental Market Analysis for January 13, 2025 EURUSDData from the US Bureau of Labour Statistics (BLS) released on Friday reported that non-farm payroll employment (NFP) rose by 256k in December, exceeding market expectations of 160k and beating the revised November figure of 212k (previously reported at 227k). The unemployment rate fell to 4.1% in December from 4.2% in November. Annual wage inflation, as measured by the change in average hourly earnings, fell slightly to 3.9% from 4%. US labour market data for December is likely to reinforce the US Federal Reserve's (Fed) stance on keeping interest rates unchanged in January, which will support the dollar against other currencies. Markets expect the Fed to keep the benchmark overnight interest rate in the range of 4.25%-4.50% at its 28-29 January meeting. In addition, traders expect four interest rate cuts by the European Central Bank (ECB), which are expected to occur at each meeting through the summer. ECB policymakers seem to be comfortable with these expectations as inflationary pressures in the Eurozone remain largely under control. The head of the ECB and the Bank of France said that interest rates will continue to move towards a neutral rate ‘without slowing down by the summer’ if upcoming data confirm that ‘the pullback in price pressures does not remain in place’. Trade recommendation: Trading mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
EUR/USD Daily Chart Analysis For Week of Jan 10, 2025Technical Analysis and Outlook: The Eurodollar has experienced a significant increase during this week's trading session, surpassing our initial target of Mean Resistance at 1.034. It then encountered strong resistance at a Mean Resistance of 1.043, leading to a notable pullback that brought it down to an Outer Currency Dip of 1.025 and lower. We are now looking at the next target at Outer Currency Dip 1.020, with additional extension levels at Outer Currency Dip 1.016 and 1.005, respectively. Reaching our first target, Outer Currency Dip 1.025, will likely trigger an interim rebound toward the designated level at Mean Resistance 1.030.
by TradeSelecter
EUR/USD: Neutrality Dominates Movements Around the 1.0250 ZoneThe U.S. dollar continues to gain ground as the Fed remains firm in slowing down rate cuts. The interest rate differential of 4.5% from the Fed versus 3.15% from the ECB remains a key reason for the market's preference for the U.S. dollar in the short term. Bearish Trend: The trend in favor of the U.S. dollar remains intact since late September 2024. So far, there are no significant breaks above 1.04091 that would threaten the current bearish formation. RSI Divergence : Lower lows in price and higher lows in the RSI indicate a bullish divergence in the short term. This suggests an imbalance in selling pressure and the potential for upward corrections. Monitoring the nearby resistance at 1.0491 is critical for these upcoming oscillations. Key Levels: 1.04091: Nearby resistance that coincides with the bearish trendline. Potential upward corrections may stall at this level. 1.02517: Main short-term support, the lowest level seen in recent months. Breaks below this price could accelerate selling pressure. 1.06031: Key resistance, the December high. Oscillations around this level could jeopardize the current bearish trend. -JP
by FOREXcom
Will History Repeat as Major Currencies Dance Toward Parity?In a dramatic shift that has captured the attention of global financial markets, the euro-dollar relationship stands at a historic crossroads, with leading institutions forecasting potential parity by 2025. This seismic development, triggered by Donald Trump's November election victory and amplified by mounting geopolitical tensions, signals more than just a currency fluctuation—it represents a fundamental realignment of global financial power dynamics. The confluence of diverging monetary policies between the U.S. and Europe and persistent economic challenges in Germany's industrial heartland has created a perfect storm in currency markets. European policymakers face the delicate task of maintaining supportive measures. At the same time, their American counterparts adopt a more cautious stance, setting the stage for what could become a defining moment in modern financial history. This potential currency convergence carries implications far beyond trading desks. It challenges traditional assumptions about economic power structures and reevaluates global investment strategies. As geopolitical tensions escalate and economic indicators paint an increasingly complex picture, market participants must navigate a landscape where historical precedents offer limited guidance. The journey toward potential parity serves as a compelling reminder that in today's interconnected financial world, currency movements reflect not just economic fundamentals but the broader forces reshaping our global order. Conclusion The current landscape presents unprecedented challenges for the EUR/USD pair, driven by economic fundamentals and geopolitical tensions. One significant concern is the potential release of sensitive footage from Israel (by the Israeli National Security Agency (NSA) from Hamas body cameras, containing graphic atrocities from the October 7th incident.), which could threaten European stability. These developments go beyond simple market dynamics and have the potential to reshape the social and political fabric of Europe. Market professionals emphasize the importance of adaptable strategies and the vigilant monitoring of key indicators. Investors must prepare for increased volatility while maintaining strong risk management frameworks. The pressure on the euro-dollar relationship is likely to persist, making strategic positioning and careful market analysis more crucial than ever in navigating these turbulent waters.
Short
by UDIS_View
gold (xauusd) according to lower time frame, Based on the chart provided: 1. **Descending Channel**: - Gold appears to be trading within a descending channel, indicating a bearish trend in play. 2. **Resistance Zone**: - A resistance area is marked near the upper trendline of the channel, suggesting that sellers might enter around this level. - Price is currently near this resistance zone. 3. **Bearish Confirmation**: - The text notes to wait for bearish confirmation before executing a sell trade. This could involve a rejection from the resistance zone (e.g., a bearish candlestick pattern like a pin bar, engulfing candle, or increased selling volume). 4. **Trade Plan**: - If bearish confirmation occurs at the resistance zone, price is expected to drop back toward the lower boundary of the descending channel. - Potential targets: - Mid-level support (likely around 2630). - Lower channel line (near 2610 or lower). 5. **No Confirmation, No Trade**: - If price fails to confirm bearish rejection and instead breaks out above the resistance zone, no trade should be executed as the bearish structure would be invalidated.
CAPITALCOM:GOLDShort
by TRADE_CENTER_1
Market Analysis: EUR/USD TumblesMarket Analysis: EUR/USD Tumbles EUR/USD declined from the 1.0450 resistance and traded below 1.0300. Important Takeaways for EUR/USD Analysis Today - The Euro started a fresh decline below the 1.0350 support zone. - There is a key bearish trend line forming with resistance at 1.0320 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0450 resistance zone. The Euro started a fresh decline and traded below the 1.0350 support zone against the US Dollar. The pair declined below 1.0300 and tested the 1.0225 zone. A low was formed near 1.0224 and the pair recently attempted a recovery wave. There was a minor recovery wave above the 1.0280 level. The pair climbed above the 23.6% Fib retracement level of the downward move from the 1.0458 swing high to the 1.0224 low. The pair is now trading above 1.0285 and the 50-hour simple moving average. On the upside, the pair is now facing resistance near the 1.0320 level. There is also a key bearish trend line forming with resistance at 1.0320. The next key resistance is at 1.0340. The main resistance is near the 1.0365 level or the 61.8% Fib retracement level of the downward move from the 1.0458 swing high to the 1.0224 low. A clear move above the 1.0365 level could send the pair toward the 1.0460 resistance. An upside break above 1.0460 could set the pace for another increase. In the stated case, the pair might rise toward 1.0500. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0280. The next key support is at 1.0225. If there is a downside break below 1.0225, the pair could drop toward 1.0200. The next support is near 1.0150, below which the pair could start a major decline. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR/USD Shorts from 1.03600 back down?My analysis for EUR/USD (EU) this week closely mirrors my expectations for GBP/USD (GU), as both pairs share similar points of interest (POIs). I’ll be focusing on capitalizing on the bearish trend evident in the formation of lower lows and lower highs. With the recent break of structure to the downside, new supply zones have been created. I’ll be waiting for a retest of these zones to catch sell opportunities in alignment with the overall trend. Once the price sweeps liquidity and forms a clear schematic, I’ll enter sell trades targeting the demand zone below. Confluences for EU Sells: - The price has shown a Change of Character (CHOCH) and multiple Breaks of Structure (BOS) to the downside. - A few unmitigated supply zones remain, which are likely to be tapped. - Lots of liquidity below, alongside imbalances that need to be filled. - The Dollar Index (DXY) is bullish, strengthening the bearish case for EU through correlation. Note: If the price continues dropping, I’ll wait for a new supply zone to form or look for counter-trend buy opportunities from a valid demand zone.
Short
by Hassan_fx
4
EUR/USD Daily Chart Analysis For Week of Jan 3, 2025Technical Analysis and Outlook: The Eurodollar has significantly declined in this week's abbreviated trading session, reaching the Outer Currency Dip level of 1.025. Consequently, the currency has rebounded robustly and is heading toward the Mean Resistance level of 1.034. Current analyses suggest that the Euro is positioned to continue its upward trajectory. Nevertheless, it is anticipated that a revitalized pullback will occur from this resistance level.
by TradeSelecter
EUR/USD Started 2025 at Its Lowest Point in 25 MonthsEUR/USD Started 2025 at Its Lowest Point in 25 Months According to the EUR/USD chart, on 2nd January, the first trading day of the year, the EUR/USD pair fell below the psychological level of 1.025, the lowest mark since November 2022. There are few news events, and the EUR/USD rate decline may be attributed to: → The holiday period still affecting financial markets, reducing liquidity and creating vulnerabilities for volatility spikes; → Market participants potentially rebalancing their portfolios for the new calendar year; → Reassessing the strength of the dollar amid uncertainty about the actual steps of President-elect Trump, whose inauguration is scheduled for this month. Meanwhile, technical analysis of the EUR/USD chart reveals that: → In 2024, price fluctuations formed a downward channel, with key pivot points marked by red circles. Notably, the previous holiday period led to the formation of the first of these points. → The bullish "Cup and Handle" pattern, which we discussed on 30th December, resulted in a false bullish breakout (indicated by an arrow). Seizing the bulls' failure, the bears pushed the price to the lower boundary of the mentioned channel. The area where the lower boundary of the channel intersects the psychological level of 1.025 could serve as strong support. The recovery observed on the morning of 3rd January may confirm this. The holiday period may lead to the formation of a new key pivot point on the EUR/USD chart, as has happened before. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
by FXOpen
2
Fundamental Market Analysis for January 3, 2025 EURUSDEUR/USD paused its four-day losing streak, trading near 1.02700 during the Asian session on Friday. European Manufacturing Purchasing Managers' Index (PMI) data on Thursday fell short of expectations, which only added to Euro traders' concerns following a soft speech from European Central Bank (ECB) Governor Yannis Stournaras later in the day. According to ECB Governing Council member Yannis Stournaras, the ECB intends to smoothly cut interest rates until 2025. According to Stournaras, the ECB rate is expected to be somewhere in the neighborhood of 2% at the end of this year. As the Federal Reserve (Fed) will cut interest rates much more slowly than previously expected in 2025, the EUR interest rate differential will widen significantly by the end of the year, putting downward pressure on EUR/USD in the long term. This is in line with the expectations of some analysts who are calling for the euro to reach parity with the US dollar as early as this year. Pan-European PMI results for December fell slightly to 45.1 against expectations of holding at 45.2. While the data itself had relatively little impact, it helped underscore the growing likelihood that the European Central Bank (ECB) will accelerate rate cuts to support the European economy, even as gasoline prices hit their two-year highs, further confounding Europe's economic outlook. The only significant data on Friday's economic calendar is the results of the ISM US manufacturing PMI, which is expected to remain at the declining 48.4 reading for December. Trading recommendation: Watch the level of 1.02500, if it is fixed below consider Sell positions, if it bounces back consider Buy positions.
by Fresh-Forexcast2004
EUR/USD Market Dynamics: Analyzing Recent Price MovementsFollowing our previous analysis, we anticipated the market's response to last week's robust U.S. economic indicators, particularly regarding the USD's strength against the EUR. After experiencing a notable bearish trend, the euro managed to recoup some losses, specifically retesting our pending order at 1.04380. As I write this article on December 23, 2024, the currency pair trades around 1.04130, providing a rejection of our entry point. On Monday, the U.S. Dollar (USD) stabilized after a significant drop on Friday. This sell-off was prompted by weaker-than-expected growth in the U.S. Personal Consumption Expenditure Price Index (PCE). Specifically, the core PCE—a key inflation metric favored by the Federal Reserve—rose by 2.8%, falling short of the projected 2.9%. On a month-to-month basis, both headline and core PCE inflation inched up by only 0.1%, leading to speculation about the Federal Reserve's trajectory concerning interest rate adjustments in 2025. Federal Reserve officials are beginning to signal expectations of fewer rate cuts in the coming year, as the disinflation process appears to be slowing and uncertainties loom over how President-elect Donald Trump’s upcoming immigration, trade, and taxation policies could affect the economy. Given the current outlook, we are anticipating a continuation of bearish trends in the market. Previous Idea: ✅ 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
Euro softens as Russia rejects Ukraine peaceThe EUR/USD pair has slipped below 1.0400, reflecting a bearish outlook as recent macroeconomic and geopolitical developments weigh on the euro. The European Central Bank (ECB) has implemented a series of rate cuts, with more expected in 2025, contrasting sharply with the US Federal Reserve's decision to reduce its rate cut projections, thereby strengthening the dollar. The euro's challenges are compounded by geopolitical uncertainties, particularly Russia's rejection of Donald Trump's Ukraine peace plan, which has heightened tensions in European financial markets due to the EU's involvement in proposed peacekeeping efforts. Additionally, the potential expiration of the Russia-Ukraine gas transit deal could lead to increased energy costs and inflationary pressures in the Eurozone, challenging the ECB's monetary policy efforts and potentially leading to increased euro volatility. Traders should watch for any ECB strategies to manage these inflationary and trade impacts, which could stabilize the euro amidst these challenges.
by tastyfx
Here’s a summary of the EUR/USD chart: **Trend Analysis**: Here’s a summary of the EUR/USD chart: 1. **Trend Analysis**: - The chart shows an upward channel with clear support and resistance lines. - The price is currently trading near the middle of the channel, suggesting a potential continuation of the bullish momentum. 2. **Moving Averages**: - Several moving averages (20, 50, 100, 200 EMA) are displayed. - The shorter-term EMAs (20 and 50) are starting to slope upwards, aligning with the bullish trend. - The price has broken above the cluster of EMAs, which can indicate bullish strength. 3. **Projection**: - The purple arrow suggests a scenario where the price may continue rising toward the upper channel boundary. - A potential pullback to the support line of the channel is anticipated before another upward push. 4. **Key Levels**: - Resistance: The top boundary of the channel near 1.0500-1.0540. - Support: The lower boundary of the channel near 1.0380-1.0400. 5. **Possible Trade Setup**: - A buy opportunity could arise if the price retraces to the lower boundary or EMA cluster before resuming the upward movement. - Targets could be set near the upper channel resistance (1.0500+). - A break below the channel would invalidate this bullish scenario.
Long
by TRADE_CENTER_1