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EUR/USD – Breakout or Fakeout? Key Levels to Watch!Hello again EUR/USD has been pushing higher, testing a key resistance zone. The question is will it break through or get rejected? 📌 Here’s what I’m watching: 1.0541 is the key level price is hovering around. A clean break could push us towards 1.0644 & 1.0747. If it fails to hold, we might see a retest of 1.0450 and 1.0427. 👀 My Take: If price stays above 1.0541, we could see bullish continuation. But if we drop below 1.0450, then this might have just been a fakeout before heading lower.
Long
by QuantumFusion
2
Gold Breaks Out of Triangle Pattern: Targeting $2,970–$2,980This chart shows a breakout from a triangle pattern on the 1-hour timeframe for gold (XAU/USD). The breakout has occurred above the resistance of the triangle, indicating potential bullish momentum. - Resistance Zone: The previous resistance level was around 2,936–2,940, which was tested multiple times before the breakout. Now, this level may act as new support. - Target: The projected target for this breakout is near 2,970–2,980, aligning with the height of the triangle pattern. A successful retest of the breakout level could confirm further bullish movement toward the target zone.
OANDA:XAUUSDLong
by TRADE_CENTER_1
EUR/USD: A Small Bearish Bias Emerges at the 1.0464 ZoneDespite the Euro recent appreciation since February 11—gaining more than 2% —a new bearish bias has appeared, triggering a minor downside correction. The temporary strengthening of the U.S. dollar is occurring as markets await the release of the Federal Reserve meeting minutes scheduled for tomorrow. Possible New Trend Formation The recent upward movement in favor of the euro has created progressively higher lows since mid-January and early February. These higher lows suggest the potential formation of a new short-term uptrend. However, the price is currently testing a key resistance zone. Until a new higher high is confirmed, it is too early to validate a sustained bullish bias in EUR/USD. RSI Indicator The RSI remains above the 50 level, indicating some bullish momentum. However, its slope has started to decline as the price approaches resistance. If this trend continues, bearish pressure from the last session may gain more relevance. ADX Indicator The ADX line remains below 20, signaling neutrality in most recent price movements. This lack of a clear trend makes it difficult for EUR/USD to sustain the short-term uptrend. If the ADX remains neutral in the coming sessions, price action is likely to remain sideways rather than forming a strong directional move. Key Levels to Watch: 1.02373 – Distant Support: Lowest level in the past two months. Persistent bearish pressure at this level could invalidate the developing bullish formation in the short term. 1.04646 – Current Resistance: Aligns with January’s high and the 23.6% Fibonacci retracement level. A break above this zone could confirm a continuation of the new uptrend forming in recent sessions. 1.05994 – Key Resistance: Coincides with the 100-period moving average and the 38.2% Fibonacci retracement level. If the bullish momentum pushes price toward this level, it would confirm a much stronger uptrend in EUR/USD. By Julian Pineda, CFA – Market Analyst
by FOREXcom
EURUSD Hits Resistances—Reversal Incoming?As I expected in the previous post , the EURUSD( FX:EURUSD ) touched my Targets and is creating the second top of the ascending channel. The EURUSD is in the Resistance zone($1.0537-$1.04500) , Potential Reversal Zone(PRZ) , Resistance lines , and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel. In terms of Elliott wave theory , EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5) . I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline. Note: If EURUSD touches $1.055, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. 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.
Short
by pejman_zwin
9
EU long possibilities from around 1.04200 back upMy analysis for EU aligns with my other pairs, as I anticipate a pullback to a stronger demand zone before continuing its bullish pro-trend move. Since price recently reacted bearishly from a supply zone, I expect it to open with a bearish move until it reaches my 3-hour POI, where a potential bullish reversal could take place. Once price reaches my area of interest, I will look for signs of accumulation and a slowdown, which would confirm a buy opportunity. If price pushes higher instead, I have a fresh supply zone above the previously mitigated one, which could act as a point of interest for a potential reaction. Confluences for EU Buys: - Price remains bullish, consistently forming higher highs and higher lows. - There is a clean, unmitigated 3-hour demand zone that aligns with my setup. - Liquidity is stacked to the upside, providing targets for the next bullish move. - DXY has been bearish, which supports this bullish EU outlook. P.S. Price action has been clean and structured, and I expect it to move as anticipated toward my marked zones. Stay sharp in these markets, and have a great trading week ahead!
Long
by Hassan_fx
1
EUR/USD Daily Chart Analysis For Week of Feb 14, 2025Technical Analysis and Outlook: During the trading session in the current week, the Euro reached our designated Mean resistance of 1.050 and is establishing a potential resurgence of extending upward momentum to an Inner Currency Rally of 1.060. On the other hand, if the anticipated upward resurgence does not emerge, the cryptocurrency may experience a drop toward the Mean Support of 1.039. Further engaging with the Mean Support level at 1.030 and the Key Support at 1.024, ultimately progressing toward the completed outer Currency Dip target of 1.020 and outermost Outer Currency Dip of 1.005.
by TradeSelecter
EURUSD’s Bullish Breakout—Targets Set for $1.046 & $1.049!EURUSD ( FX:EURUSD ) came to the above of the 100_SMA(4-hour) once again and managed to break the Resistance zone($1.039-$1.033) and Resistance lines , and today we saw EURUSD made a pullback to this zone. It is also possible that EURUSD will form an ascending channel , so we have to wait for the second hit to the Upper line and confirm its major point . I expect the EURUSD to trend higher after coming above the 100_SMA(4-hour) and attacking the next Resistance zone($1.0537-$1.04500) and Resistance lines . The First Target: $1.04651 The Second Target: $1.04981 Note: If EURUSD touches $1.0347, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. 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
3
Euro Gains Ground on Ukraine Peace TalksThe EUR/USD traded at $1.04 on Thursday, gaining 0.1% for the day after rebounding from earlier declines. The euro found support amid optimism over a potential peace agreement between Ukraine and Russia, spurred by encouraging progress in diplomatic discussions. Despite rising U.S. Treasury yields strengthening the dollar, the euro remained steady. U.S. inflation data exceeded expectations, tempering hopes for Federal Reserve rate cuts. While the dollar stays relatively strong, the euro’s stability suggests it could hold firm against the greenback. Moving forward, U.S. monetary policy and geopolitical events will be key factors influencing EUR/USD. From a technical standpoint, the first resistance level is at 1.0460, with further resistance at 1.0515 and 1.0600 if the price breaks higher. On the downside, initial support is at 1.0350, followed by additional levels at 1.0275 and 1.0220.
by zForexcom
Bearish Flag & Quasimodo Patterns—Is EURUSD Set to Drop?First, let's have a Fundamental Analysis of EURUSD ( FX:EURUSD ). The EURUSD rate is influenced by several key fundamental factors : 1. Divergent Economic Indicators : United States : Recent data indicates a robust labor market, with job growth maintaining momentum. This strength supports the U.S. dollar, as investors anticipate potential monetary policy tightening by the Federal Reserve to manage inflationary pressures. Eurozone : Conversely, the Eurozone faces economic challenges, including unexpected inflation acceleration and declining industrial production, particularly in Germany. These factors may constrain the European Central Bank's (ECB) ability to adjust interest rates, potentially weakening the euro. 2. Central Bank Policies : Federal Reserve (Fed) : The Fed's recent communications suggest a cautious approach to interest rate adjustments, balancing economic growth with inflation control. The prospect of maintaining or increasing rates could further bolster the U.S. dollar. European Central Bank (ECB) : The ECB is grappling with rising inflation amidst a struggling economy. This scenario complicates policy decisions, as increasing rates to combat inflation might hinder economic recovery, thereby exerting downward pressure on the euro. 3. Geopolitical Developments : The U.S. administration's recent tariff threats have introduced uncertainties in global trade. Such actions typically lead investors to seek safe-haven assets, benefiting the U.S. dollar due to its perceived stability. In summary, the EURUSD is currently experiencing downward pressure , driven by stronger U.S. economic performance, proactive Federal Reserve policies, and geopolitical factors favoring the U.S. dollar. Conversely, the Eurozone's economic difficulties and the ECB's constrained policy options contribute to a weaker euro. These dynamics suggest a potential continuation of the EURUSD's bearish trend in the near term . -------------------------------------- Now, let's analyze the EURUSD chart in terms of Technical Analysis . EURUSD is moving near the Resistance zone($1.039-$1.033) , Potential Reversal Zone(PRZ) , 100_SMA(4-hour) , Monthly Pivot Point , and Resistance lines . Each of these items is considered a good resistance for EURUSD . In terms of Price Action , if we look at the EURUSD chart in the 1-hour time frame , we can see the Bearish Quasimodo Pattern , which is one of the reasons for EURUSD's fall . Educational Note : The Bearish Quasimodo Pattern is a price action reversal pattern that signals a potential downtrend. It forms when the price creates a higher high (HH) followed by a lower low (LL) and a lower high (LH), breaking the market structure. From the point of view of Classical Technical Analysis , it seems that EURUSD has managed to form a Bearish Flag Continuation Pattern . It is a good sign for the continuation of the downward trend of EURUSD . Educational Note : The Bearish Flag Pattern is a continuation pattern that signals the continuation of a downtrend. It consists of a sharp downward move (flagpole) followed by a consolidation phase in a small upward-sloping channel (flag). A breakdown from the flag confirms the pattern, indicating further price decline. According to the theory of Elliott waves , according to the volume of the previous movement, it seems that EURUSD is completing wave 4 , and it is possible that we are still in the main wave 3 even with a further fall. I expect EURUS D to fall to at least the Support zone($1.0285-$1.0255) after entering the PRZ or after breaking the lower line of the ascending channel of the bearish flag pattern, and if this zone is broken , we should expect to fall to the next Support zone($1.0222-$1.0175) and Monthly Support(1) . Note: If EURUSD touches $1.03700, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. 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.
Short
by pejman_zwin
9
EUR.USD Longs from 1.02600My EU long idea is based on the strong bullish pressure seen after price filled last week’s gap. I’ll be looking for buying opportunities once price mitigates my 11-hour demand zone near the bottom. However, I’ll remain cautious since this area has already been mitigated in last week’s forecast. If price pushes higher instead, I expect it to mitigate the 6-hour supply zone, which originated from a Break of Structure (BOS) and was reinforced by a Change of Character (CHOCH). From there, potential short opportunities could arise around 1.03800 for a move back down. Confluences for EU Buys: - EU has been very bullish, making this a pro-trend setup. - The market structure remains strong, forming higher highs and higher lows. - There is significant liquidity to the upside along with well-defined supply zones. - The clean 11-hour demand zone previously caused an impulsive move, making it a strong area of interest. Note: If price breaks below the 11-hour demand zone, I expect EU to turn bearish for a short period. Have a great trading week!
Long
by Hassan_fx
EUR/USD Daily Chart Analysis For Week of Feb 7, 2025Technical Analysis and Outlook: During the trading session on Monday of the current week, the Euro reached the Key Support level of 1.024 and brushed off the completed outer Currency Dip at 1.020. This movement was followed by a significant rebound, establishing a new Mean Resistance level at 1.040, which is expected to be tested in the forthcoming trading sessions. Conversely, the prevailing downward movement may prepare the price action for a subsequent decline if the anticipated rebound fails to materialize. This may lead to a revisit of the completed Outer Currency Dip at 1.020, further engaging with the Mean Support level at 1.030 and the Key Support at 1.024, ultimately progressing toward the specified outer Currency Dip target of 1.005.
by TradeSelecter
EUR/USD : More Fall Ahead? Let's See! (READ THE CAPTION)By analyzing the EUR/USD chart on the three-day timeframe, we can see that the price was rejected from the 1.053 level, as per our main analysis, leading to a decline of over 300 pips down to 1.021. Currently, EUR/USD is trading around 1.036, and if the price stabilizes below 1.042, we can expect further downside movement. Keep an eye on the price reaction to the key levels marked on the chart! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
12
Fundamental Market Analysis for February 6, 2025 EURUSDThe euro is trying to consolidate after breaking a six-day losing streak, with EUR/USD still holding at 1.0400. US employment change data from ADP showed stronger-than-expected results for January, with a net increase in the number of people employed coming in at 183k, beating the expected decline to 150k from December's revised 176k. While the ADP jobs data unreliably predicts the US Non-Farm Payrolls (NFP) data expected later in the week, the increase bolsters investor confidence that the US economy remains on solid ground. Early Thursday will see the release of pan-European retail sales data for December. Median forecasts expect the figure to rise to 1.9% y/y, up from 1.2% in the previous period. However, the month-on-month figure is expected to fall to -0.1% from 0.1%. The most important release this week will be the US Non-Farm Payrolls (NFP) report on Friday. Investors expect the January NFP to fall to 170k from December's 256k. Traders will also be watching for revisions to previous months' data. Those expecting a rate cut are becoming increasingly frustrated with the sustained strength of the US economy as labour statistics are often revised upwards. Trade recommendation: Watch the level of 1.0370, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004
EUR/USD Rises as Dollar Weakens Amid Trade War ConcernsThe euro climbed above $1.04 as a weaker dollar and Trump’s tariffs fueled economic concerns. China retaliated with its own levies, escalating trade tensions. Meanwhile, Eurozone business activity rebounded after two months of decline. The ECB cut rates and hinted at more easing in March, with US tariffs potentially pressuring it to loosen policy further. Investors now expect the ECB’s deposit rate to fall to 1.87% by December. From a technical perspective, the first resistance level is at 1.0400, with further resistance levels at 1.0460 and 1.0515 if the price breaks above. On the downside, the initial support is at 1.0350, followed by additional support levels at 1.0220 and 1.0180.
by zForexcom
EUR/USD Faces a New Neutral MovementThe latest movements in the EUR/USD pair have been highly indecisive in the short term, with strength constantly shifting between the U.S. dollar and the euro. This is due to the increasingly neutral stance of both currencies, fueled by the ongoing tariff-related turmoil from the White House. Initially, these policies significantly strengthened the U.S. dollar, but confidence in the euro has gradually returned as the market begins to view Trump’s approach as a negotiation tactic rather than a policy with long-term economic consequences. As a result, short-term dollar weakness has become evident, and the DXY index, which tracks dollar strength, has already accumulated a decline of over 2% in the past three trading sessions. Neutrality Increases At the moment, EUR/USD has been testing the key barrier at 1.04061 , which aligns with the 50-period moving average and the Ichimoku cloud resistance in the short term. Additionally, the TRIX indicator line has oscillated toward the neutral 0 level , reflecting a state of equilibrium in the average of recent market movements. This key barrier and the neutrality observed in the TRIX suggest that the pair remains firmly in a neutral stance in the short term. As long as the price does not break away from the 1.04061 zone , it is unlikely that a clear trend will emerge in EUR/USD. Key Levels: 1.05994: The most important resistance level in the short term, coinciding with the previous December highs. A breakout above this level would strengthen bullish momentum and increase the probability of a larger uptrend formation. 1.02290: A critical support level, marking the lowest point reached by the pair in the last two months. A bearish break below this level could restart the downtrend that had been in place since September 2024. As a reminder, if price movements continue hovering around the 1.04061 barrier, the current sideways range may still have room to extend further. By Julian Pineda, CFA - Market Analyst
by FOREXcom
1
EUR/USD Consolidates, Upside LimitedThe EUR/USD pair is struggling to sustain its recovery from the 1.0200 area, the lowest since January 13, and is fluctuating near Wednesday’s weekly high around 1.0375-1.0380, showing little change amid mixed economic signals. Tuesday’s JOLTS report signaled a US labor market slowdown, reinforcing expectations of two Fed rate cuts this year. A risk-on mood keeps the USD near its weekly low, supporting EUR/USD, but concerns over potential US tariffs on EU goods and the ECB’s dovish stance, despite a 2.5% YoY rise in Eurozone HICP for January, limit upside potential. Traders await the final Eurozone Services PMI, while the US calendar features the ADP private-sector employment report, ISM Services PMI, and Fed speeches, influencing USD demand. However, Friday’s US NFP report remains the key focus. Technically, resistance levels are at 1.0410, 1.0460, and 1.0515, while support stands at 1.0350, 1.0220, and 1.0180.
by zForexcom
EUR/USD Struggles as Tariff Risks, ECB Rate Cut Prospects WeighThe euro edged up but stayed pressured around $1.03 amid uncertainty over Trump’s tariff policies. Over the weekend, Trump confirmed a 25% tariff on Mexican and Canadian imports, a 10% duty on Chinese goods, and threatened EU tariffs, citing the U.S. trade deficit. However, Mexico secured a one-month delay by agreeing to deploy 10,000 troops to curb fentanyl trafficking. The euro also faced pressure from the ECB’s dovish stance and prospects of further rate cuts after last week’s expected 25bps reduction. Meanwhile, Euro Area inflation rose to 2.5% in January, above the 2.4% forecast, while core inflation held at 2.7%, defying expectations of a slight dip. From a technical perspective, the first resistance level is at 1.0305, with further resistance levels at 1.0360 and 1.0460 if the price breaks above. On the downside, the initial support is at 1.0220, followed by additional support levels at 1.0180 and 1.0120.
by zForexcom