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EURUSD-2

EURUSD confirmed the bottom. Low risk buy now.The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible. That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend. As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib). ------------------------------------------------------------------------------- ** 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
1
EURUSD Hits Demand Zone, Potential for an Up CorrectionEURUSD has reached a demand zone that previously spurred a rally in August. The recent fake breakout at the 1.07800 level suggests that the market may be primed for a pullback, especially as DXY is also testing a key resistance. On the 4H timeframe, a bullish divergence has formed, indicating a potential correction to the upside. If this demand zone holds and the divergence plays out, the market could retrace toward the next resistance zone around 1.09190 as it corrects from the recent overextension
Long
by RTED_Investing
Can Gold hit 2800/2900 usd in November?🔸Hello guys, today let's review 6HOUR price chart for gold. Trading above key s/r zone 2500 usd, most likely downside is very limited as the bulls are still pushing for the new highs. 🔸Key s/r zones defined at 2600 usd / 2700 usd / 2800 usd / 2900 usd. All dips so far get scooped up and therefore downside remains limited as the bulls are targeting 2800/2900 usd. Into US elections most likely we will test 2900 usd. 🔸Price re-accumulated near 2600/2700 usd before clearing resistance at 2700 usd. right now trading at 2735 usd. 🔸Recommended strategy position traders: BULLS focus on scooping up dips near 2700 USD, downside remains limited by 2500 USD. TP1 bulls 2800 usd TP2 bulls 2900 usd. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDLong
by ProjectSyndicate
14
Market Analysis: EUR/USD DivesMarket Analysis: EUR/USD Dives EUR/USD declined from the 1.0880 resistance and corrected gains. Important Takeaways for EUR/USD Analysis Today - The Euro started a fresh decline below the 1.0850 support zone. - There was a break below a connecting bullish trend line with support at 1.0805 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 1.0880 resistance zone. The Euro started a fresh decline and traded below the 1.0850 support zone against the US Dollar. The pair declined below 1.0820 and tested the 1.0760 zone. A low was formed near 1.0761 and the pair recently attempted a recovery wave. There was a minor recovery wave above the 1.0800 level. However, the bears were active near 1.0840 and the pair started another decline. There was a move below the 1.0820 level. The pair declined below the 50% Fib retracement level of the recovery wave from the 1.0761 swing low to the 1.0839 high. Besides, there was a break below a connecting bullish trend line with support at 1.0805. The pair is now trading below 1.0800 and the 50-hour simple moving average. On the upside, the pair is now facing resistance near the 1.0805 level. The next key resistance is at 1.0840. The main resistance is near the 1.0870 level. A clear move above the 1.0870 level could send the pair toward the 1.0950 resistance. An upside break above 1.0950 could set the pace for another increase. In the stated case, the pair might rise toward 1.0980. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0780 and the 76.4% Fib retracement level of the recovery wave from the 1.0761 swing low to the 1.0839 high. The next key support is at 1.0760. If there is a downside break below 1.0760, the pair could drop toward 1.0720. The next support is near 1.0650, 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
Levels discussed on 28th October Livestream28th October DXY: Retracing from top of 104.55, could trade down to 104.20 before retesting high again. Needs to stay above bullish trendline. NZDUSD: Sell 0.5980 SL 25 TP 65 (Test and reject bearish trendline) AUDUSD: Sell 0.6565 SL 20 TP 80 GBPUSD: Sell 1.30 SL 25 TP 90 EURUSD: Ranging between 1.0780 and 1.0840, could trade up in smaller timeframe USDJPY: Retracing, could test 152.50, look for rejection, Buy 153.10 SL 50 TP 200 USDCHF: Buy 0.8705 SL 15 TP 45 USDCAD: Look for possible retrace and reaction at 1.3850 Gold: Likely to fluctuate between 2720 and 2747 while directional bias develops
TVC:DXY
by JinDao_Tai
EUR/USD Analysis: Range-Bound Movement with Potential ReboundThe EUR/USD currency pair remains stagnant around the 1.0800 mark after experiencing its fourth consecutive week of losses. Following a slight bullish retracement, the pair has retraced downwards again, opening the London session this morning with a bullish candle, yet still confined within a defined range. The strength of the US Dollar (USD) has persisted as we head into the weekend, exerting pressure on the EUR/USD pair. This demand for the USD has been bolstered by rising US Treasury bond yields, which contributed to its strength on Friday. Looking ahead, the economic calendar for the United States is relatively light, featuring only the Texas Manufacturing Business Index from the Federal Reserve Bank of Dallas. It is unlikely that this report will induce any significant market reaction. However, market participants will closely monitor upcoming third-quarter Gross Domestic Product (GDP) data from Germany, the Eurozone, and the United States. Additionally, the US Bureau of Labor Statistics is set to release the October employment report on Friday, which will include critical figures such as the Unemployment Rate, Nonfarm Payrolls, and wage inflation data. From a technical standpoint, our outlook suggests a potential rebound towards the demand zone. The Commitment of Traders (COT) report indicates a consistent trend over the past two weeks, with retail traders holding short positions while institutional players appear to be building long setups. Our forecasting analysis points to a possible emergence of a new bullish trend in the near future. As we await further developments, the key remains patience—watching to see if the price reaches our designated area of interest before committing to a bullish position. The market’s reaction to the upcoming economic data will be crucial in determining the next steps for the EUR/USD pair. ✅ 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.
by FOREXN1
5
Euro H4 | Potential bearish reversalThe Euro (EUR/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0838 which is a swing-high resistance. Stop loss is at 1.0880 which is a level that sits above the 23.6% Fibonacci retracement level and a swing-high resistance. Take profit is at 1.0760 which is a swing-low 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. 64% 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 (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 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: Should I Buy?Hello everyone! Overall, EUR/USD is slightly down for the second day in a row, trading around 1.0780 on Monday morning. Looking at the daily chart, you can see that the pair is testing the upper boundary to return to the descending channel pattern. This could reinforce the bearish bias for the pair. However, there are signs of a potential bottom forming at 1.0760. Furthermore, using the Fibonacci retracement of the first wave, if the rally continues, the next recovery points for EURUSD would be 0.382 (price level 1.085) - 0.618 (price level 1.093) - 0.5 (price level 1.098).
Long
by Bentradegold
EUR/USD: Pullback Before the Big Drop?The EUR/USD exchange rate remains stable around 1.0790 during early Asian trading on Monday, yet it faces potential downside pressure due to rising expectations of a less dovish stance from the Federal Reserve. Recent encouraging economic data from the United States has fueled these expectations, suggesting the Fed may adopt a more stringent policy in November, which could strengthen the dollar. From a technical perspective, EUR/USD has broken out of its descending regression channel, stabilizing above the upper line. On the downside, support levels are seen at 1.0800 and 1.0750. Last Thursday, EUR/USD displayed some resilience, benefiting from improved market sentiment and a dip in U.S. Treasury yields, leading to a temporary softening of the dollar. However, the pair remains at a crossroads, awaiting fresh cues from the economic calendar, such as U.S. durable goods orders data, which is expected to show a 1% decline. A stronger-than-expected figure could boost the dollar, while a more significant drop might weaken it, though the effect on EUR/USD could be short-lived. The neutral stance in U.S. index futures partly reflects broader uncertainty, leaving open the possibility that shifts in risk sentiment could impact the dollar; a continuation of risk flows favoring safer assets might keep the USD under pressure. Good trading day!
Short
by Forex48_TradingAcademy
1
EURUSD Continues Strong DowntrendEURUSD remains firmly in a downtrend as critical technical factors and resistance levels signal persistent selling pressure. According to the chart, EURUSD is currently hovering around 1.07936 USD, with key resistance zones hindering any recovery attempts. Technical Analysis Strong Resistance at Fibonacci 0.5 - 0.618: The Fibonacci retracement levels at 1.08128 - 1.08068 USD form a crucial resistance zone. The price encountered heavy selling pressure here, unable to break through to the upside. Downtrend Confirmed by EMA: The Exponential Moving Averages (EMA) indicate a bearish trend, with the price staying below these levels. This reinforces the dominance of selling pressure in the market. Support Level at 1.07607 USD: Should the downtrend persist, EURUSD is likely to target the next support level at 1.07607 USD. This area may attract buying interest but is unlikely to reverse the overall trend. Short-Term Forecast Given the strong resistance and EMA signals, EURUSD is expected to continue its downward momentum. Traders might consider a selling strategy if the price faces resistance around the Fibonacci levels, with a take-profit target near the 1.07607 USD support.
Short
by Pierce_Bowers
Bullish bounce for the Fiber?The price is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.0774 Why we like it: There is an overlap support level. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0837 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EURUSD 27/10/24EUR/USD has shown a continuous downward movement this week, which aligns with the institutional trend we discussed last week. Although there was a brief push above the recent high, there is a chance for the price to move slightly higher before resuming its path. We’ve highlighted key areas of interest. One is a supply zone where we expect the price to react, potentially targeting liquidity to the left. Additionally, there is a potential reaction point at the previous high, along with a liquidity target below. Our short-term bias is bullish, but we maintain a long-term bearish outlook, as we have for the past month. Keep an eye on fundamentals, and avoid buying in this market since the overall trend is still downward. Remember to follow the "Keep It Simple" approach, and only take trades with a clear entry signal. Trade safe and always stick to your plan.
by rosshayes
EURUSD - Daily analysis - Downtrend is over, pay attention to geEURUSD - Daily analysis - Downtrend is over, pay attention to geopolitics. As the elections in the United States approach, we increasingly begin to pay attention to geopolitics, which affects the currency markets, and especially the dollar, at the expense of technical and fundamental analysis. In reality, only one working week remains until the all-important elections, where the world decides which way it will go next. Escalation of the two major conflicts into full-scale wars is a completely possible scenario. This would affect the United States depending on how involved the US would be. A further escalation of the wars could strengthen the dollar as US industry would produce more of the real good - weapons, as opposed to peace, where services are the driving force of the US economy. We expect new developments in the last days of the campaign, be it new attacks against Trump or escalation in the Middle East, after another batch of missile attacks against Tehran (Iran). On Monday, we don't really have any important data for the United States or Europe. On Tuesday we expect data on Consumer Confidence, Housing Price Index and JOLTS Job Openings. Big expectations for fundamental news from the United States are expected in the second half of the week, with the important Nonfarm Payrolls (Oct) report at the end. Expectations for Nonfarm Payrolls (Oct) are for a sharp decline in the numbers to weaker jobs data. That is why the dollar stopped the EURUSD downward trend in the last almost month. Thus, from the great growth of the dollar (EURUSD) from 1.12 at the end of September, to 1.0761 on October 23, 2024. This trend ended in the 43rd week of this year (the last week) to pass into expectations of a decline in the dollar and return to levels above 1.08. Thus, the downtrend is over and a break below 1.0760 is unlikely until at least Friday. Use the moment to trade in a neutral trend with a move of 25-40 pips or an uptrend in anticipation of levels above 1.0860. Let's also mention the BRICS meeting, which leaves the Dollar as the leading world currency in international payments for now, but more and more the Dollar will give way to the power of China, Russia and the rest of the world.
by World-Signals
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare