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EURUSD-2

Fundamental Market Analysis for October 15, 2024 EURUSDThe EUR/USD pair reached a new ten-week low on Monday, marking the start of the new trading week with another decline. The euro lost 0.25% against the dollar, breaching its 200-day exponential moving average (EMA) as a result of the dollar's strength and the euro's general weakening. The latest results of the European Central Bank's (ECB) lending survey are scheduled for release on Tuesday, and investors will be monitoring for any indications regarding the overall health of the European banking sector this week. The final European harmonised consumer price index (HICP) inflation data is scheduled for release on Thursday morning, but is unlikely to have a significant impact on market volatility as investors focus on the European Central Bank (ECB) meeting, where a 25-basis point interest rate cut is expected. The next significant data release from the US is scheduled for Thursday, when US retail sales are expected to show a modest increase of 0.3% m/m in September, following a relatively subdued August reading of 0.1%. Trade recommendation: Trading predominantly Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Euro is falling over economic downturn and the ECB’s rate cuts The market anticipates the ECB reducing rates further at its upcoming monetary policy meeting this week. This is due to the eurozone inflation rate dropping to 1.8%, which already meets the central bank's target. Moreover, mounting worries about an economic recession have amplified the demand for the ECB to persist with interest rate cuts. If the Eurozone industrial production for August and ZEW Economic Sentiment for October, which will be announced today, fall below the previous month's figures and market consensus, the euro may weaken further against the dollar. EURUSD sustained its downtrend and fell to 1.0900. After EMA21 death-crossed EMA78, the gap consistently widens, sending out a bearish signal. If EURUSD stays below EMA21 and breaks 1.0870, the price may fall further to 1.0780. Conversely, if EURUSD breaches EMA21 and holds above 1.1000, where EMA78 coincides, the price could gain upward momentum to 1.1050.
by inkicho_exness
EUR/USD: Bearish Trend Driven by Diverging Monetary Policies!The EUR/USD continues to face bearish pressure, nearing two-month lows around 1.0890, driven by a strengthening U.S. dollar supported by increased risk aversion and geopolitical tensions in the Middle East. The dollar also benefited from the release of the minutes of the latest Federal Open Market Committee (FOMC) meeting, which revealed that a majority of members supported a monetary easing policy, though without a clear timeline for future rate cuts. The diverging monetary policies between the Federal Reserve and the European Central Bank (ECB) are strongly influencing the exchange rate. While the Fed is leaning towards further rate cuts, with an 84% probability of a 25-basis-point reduction next month, the ECB is more cautious. Despite inflation in the Eurozone falling below the 2% target, the ECB is closely monitoring economic data before taking new measures, leaving the euro vulnerable. The economic weakness in the Eurozone, with stagnant GDP growth, could continue to weigh on the euro, further favoring the dollar, which is in a position of strength thanks to the resilience of the U.S. economy. In conclusion, the EUR/USD is in a bearish context, with a possible break of key support levels that could lead to further declines. Only a recovery above the 1.0996 resistance could reverse the negative trend, but current economic and monetary conditions suggest the dollar will continue to dominate in the short term.
Short
by Forex48_TradingAcademy
1
EUR/USD buyers could be lurking around the 200-day SMAThe euro has already seen a decent selloff heading into Thursday's ECB meeting, where expectations for them to cut by 25bp are high. And that runs the risk that that the cut is already priced in, and could leave the euro susceptible to a bounce if a dovish tone (hint of further cuts) are not also delivered. Prices are trying to hold around the 1.09, near the 200-day EMA and monthly S2 pivot point. We have inflation data from Europe up shortly, and if that comes in soft then perhaps we'll see another low. But given the size of the selloff already seen, I suspect buyers could be lurking around the 200-day SMA and a countertrend bounce to 1.0950 at a minimum could be due. MS.
Long
by CityIndex
EURUSD H4 | Bullish Reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0880, which is an overlap support close to 78.6% Fibo retracement. Our take profit will be at 1.0955, an overlap resistance. The stop loss will be placed at 1.0783, which is a swing-low support 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. 62% 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. 59% 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
EURUSD Set To Grow! BUY! My dear followers, I analysed this chart on EURUSD and concluded the following: The market is trading on 1.0913 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0926 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURO - Price can turn around and start decline to support lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it declined to resistance area, which coincided with $1.1125 resistance level. Next, price bounced and tried to grow, but failed and started to decline inside falling channel, exiting from flat. In channel, EUR broke $1.1125 level at once and continued to move down, until it reached $1.0955 level. Price some time traded in one more resistance area and later broke $1.0955 level too, after which started to trades below. A not long time ago, price reached resistance line of channel, so, I think that Euro can reach resistance level. After this movement, price will turn around and start to decline to $1.0790 support line of falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
10
EURUSD Bearish trend intact.The sell signal after the Double Top (September 23, see chart below) and the RSI Lower Highs rejection turned out to be a very accurate one and the price has already covered 75% of the distance to hitting our 1.08350 Target: Given that there shouldn't be much divergence until then, we want to focus today on the 1W time-frame. As you can see, based on the ranged (Rectangle) pattern of the past 2 years, the price is at the top of the neutral zone, not even having broken the 1W MA50 (blue trend-line). The 1.08350 is located on the 1W MA100 (green trend-line) and that is the minimum downside we expect, as the 1W MA100 provided the Lows of June 24 and April 15 2024. The long-term Support Zone is located considerably lower than that (1.04500 - 1.05250) and that is technically the downside potential of the pair. ------------------------------------------------------------------------------- ** 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
xauusd h1 short from resistance tp 2635 usd🔸Hello traders, today let's review 1hour price chart for gold. Strong V-shape recovery in progress off the recent lows, however heavy overhead resistance will trigger a pullback from S/R levels overhead. 🔸Strong resistances at 2665 and 2675. key S/R bulls at 2635 usd. currently getting overextended so it's recommended to focus on short selling rips/rallies from overhead resistance. 🔸Recommended strategy bears: short sell from overhead resistances near 2665/75 SL 2680 USD TP 2635 usd. usd fixed stop loss for this entry at 2680 usd, swing trade setup may take more time to hit target. 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:XAUUSDShort
by ProjectSyndicate
12
EURUSD Technical Analysis and Trade Idea👀👉 EURUSD has faced recent selling pressure, creating a potential opportunity for short-term day traders. In this video, we will break down the price action, assess the current trend and market structure, and highlight a possible trade setup. Risk Disclaimer: Forex trading carries substantial risks, and market conditions can shift unexpectedly. This content is intended for educational purposes only and does not constitute financial advice. 📉✅
Short
by tradingwithanthony
EUR/USD May Fall 23 - 38 Pips (READ DESCRIPTION)EUR/USD May Fall 23 - 38 Pips Pivot Point: 1.0950 The 1.0950 pivot point is a key resistance level. It represents the dividing line between bullish and bearish trends. As long as the price remains below this level, sellers are likely to be in control, pushing the pair lower. A break above 1.0950 would shift the focus to the upside. Primary Strategy (Our Preference): Entry Point: Short positions should be considered below 1.0950. Target Levels: 1.0900: The first key support level, marking a 50-pip decline from the pivot. This is an important psychological barrier where buyers could start stepping in. However, if the selling pressure is strong, this level could be breached. 1.0885: The next potential support, marking a further 15-pip drop from 1.0900, representing a 65-pip decline from the pivot level. Alternative Scenario: If EUR/USD breaks above the pivot point of 1.0950, look for buying opportunities. Entry Point: Long positions should be initiated if the price breaks and holds above 1.0950. Target Levels: 1.0965: The first upside resistance target, marking a 15-pip rise from the pivot. If the buying momentum is sustained, the pair is likely to test this level first before moving further up. 1.0980: The next resistance zone, marking a 30-pip upside move from the pivot. Breaching this level could signal the beginning of a larger uptrend. Technical Outlook: RSI (Relative Strength Index): The RSI is likely below its neutral 50 level, indicating that the bearish momentum is currently stronger. This suggests that sellers are in control, but if the RSI approaches oversold levels (below 30), a reversal might be on the cards. MACD (Moving Average Convergence Divergence): The MACD is expected to be negative and below its signal line, reinforcing the bearish outlook. If the MACD line starts to flatten or move upward, it could signal a weakening of the downtrend. Moving Averages: EUR/USD is likely trading below both its 20-period and 50-period moving averages, indicating both short-term and medium-term weakness and supporting the bearish scenario. Market Dynamics: As long as EUR/USD remains below the pivot point at 1.0950, expect a choppy but overall bearish price action. Sellers are likely to step in at any short-term rallies, pushing the pair lower toward 1.0900 and potentially 1.0885. The area around 1.0900 and 1.0885 represents key support levels where buyers may attempt to step in. If bearish momentum persists, these levels could break, leading to further downside. A break above 1.0950 would indicate a potential shift in market sentiment, opening the door for a move higher towards 1.0965 and 1.0980.
by CharivapaAlgo
Hellena | EUR/USD (4H): Long to the resistance area at 1.11551.Colleagues, price made a strong downward move and I redrew the waves. At this point, I believe price has just now completed wave “4” and I believe price will start an upward movement. First of all I don't want to set the target too high. The 1st target is the resistance area at 1.11551. This is the area where volume accumulations have been taking place. In any case, I do not recommend entering short positions now. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
25
Euro scenarios on bank holidaysIn Euro, with the start of the trading week, we are faced with the closure of banks in America, Canada and Japan, so we cannot expect a full momentum movement unless we can make a move in the London session, as shown in the chart, the Asia session has created the liquidity that will help us. The reason is to expect a reaction from the unmitigated POI in 15 minutes, which overlaps with the weekly and daily key levels, and also if the price tends to get more liquidity, a high one-hour POI can create a trading opportunity for us so that we can move in the direction of the market. Downward structure in the high time, let's enter the sale transaction to the lower area or even hitting the bottom of the previous week
Short
by MrHunterTradeInsight
EUR/USD: Ready for a recovery?Hello traders! Today, EUR/USD continued its downtrend for the fourth consecutive session, hovering around 1.0920 during Asian trading hours on Monday. The Euro faced downward pressure as the European Central Bank prepares for its monetary policy decision on Thursday. Looking at the technical chart, the pair remains in a downtrend, but selling pressure has gradually subsided and is likely to turn sideways as signs of convergence from the trendline and RSI indicators have emerged, and the strong support level of 1.0900 has not been broken and remains a bright spot for recovery. In case EUR/USD closes at 1.0950 on the 4-hour chart, it could accelerate its momentum further, potentially reaching 1.0995 and 1.1075. What about you? How do you feel about the future trend of EUR/USD? Share in the comments!
Long
by ConanTradingFX
GBPUSD H4 I Falling from the overlap resistance Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3103, which is an overlap resistance that aligns with the 23.60% Fibo retracement. Our take profit will be at 1.3012, which is a multi-swing low support level. The stop loss will be placed at 1.3169, an overlap resistance close to 38.20% Fibo retracement. Additionally. When the price remains below the Ichimoku cloud, it's typically seen as a strong bearish signal, indicating downward momentum 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. 73% 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 week 42 analysis🌐Fundamental Analysis EUR/USD consolidated near 1.0930 in New York trading on Friday. The major currency traded sideways as the US Dollar (USD) remained flat despite the release of US Producer Price Index (PPI) data showing that producer inflation accelerated faster than expected in September compared to a year earlier. The US Dollar Index (DXY), which tracks the greenback against six major currencies, hovered around 103.00. Higher-than-expected US producer inflation following stubborn inflation data has raised the risk of persistent inflation. However, according to CME's FedWatch tool, this is unlikely to affect market expectations that the Federal Reserve will cut interest rates by 25 basis points (bps) in November. In contrast, Atlanta Federal Reserve Bank President Raphael Bostic has suggested keeping interest rates unchanged at 4.75%-5.00% in November. 🕯Technical Analysis EURUSD's bearish wave has not stopped yet as the pair's DOW waves have not yet shown strength. The strong reaction at 1.090 has established this area as an important support area for the pair next week. The upper limit in front of us is the peak area of ​​1.0980. The widest trading range that the pair will operate next week is around the support area of ​​the previous month's bottom around 1.080 and the disputed resistance area of ​​1.104. The SELL point coincides with Fibonacci and EMA so we can put our trust in trend SELL orders. 📈📉Trading Signals BUY EURUSD 1.080-1.078 Stoploss 1.076 SELL EURUSD 1.104-1.106 Stoploss 1.108
by TVS-Trader
Budgeting in Trading: The REAL Key of Financial SuccessBudgeting plays a vital role in trading and investing, acting as a blueprint for managing financial resources, controlling risk, and ensuring long-term success. According to a study by the National Endowment for Financial Education, 92% of people who budget feel more in control of their finances, a sense of control that is crucial in the fast-moving and often unpredictable world of financial markets. In trading and investing, having a well-structured budget can be the difference between financial gain and loss. Understanding Budgeting in Trading and Investing In the realm of trading and investing, budgeting goes beyond simple expense tracking—it's a strategic plan for how to allocate financial resources effectively. This involves setting aside specific amounts for different types of investments, planning for potential losses, and ensuring that enough capital is available to take advantage of market opportunities. A comprehensive budgeting approach allows traders and investors to assess their current financial situation, forecast future cash flows, and make deliberate choices about where and how much to invest. Key goals of budgeting in trading and investing include: --Managing Risk: A solid budget helps limit exposure to potential losses. By designating specific funds for riskier investments, traders can protect their overall portfolio from being wiped out by a single bad trade. This disciplined approach involves risk mitigation strategies like diversification and setting stop loss limits to safeguard capital. --Efficient Resource Allocation: Budgeting ensures that financial resources are used optimally across various asset classes, such as stocks, bonds, or commodities. This prevents over-investment in one area while neglecting others, allowing for a more balanced and diversified portfolio. --Setting Financial Goals: Clear budgeting helps traders and investors establish and track both short-term and long-term financial goals. Whether aiming for rapid portfolio growth or long-term wealth accumulation, budgeting provides a structured plan for reaching these objectives. --Enhancing Decision-Making: Budgeting creates a financial framework that supports rational decision-making. By knowing financial limits and goals, traders can avoid impulsive trades driven by market emotions like fear or greed. --Tracking Performance: With a budget in place, traders can continuously monitor their investment performance against predefined benchmarks, making adjustments when necessary. --Preparedness for Market Volatility: Budgeting helps traders prepare for unexpected market fluctuations by setting aside an emergency fund, reducing the pressure to sell during downturns. The Benefits of Budgeting for Traders and Investors Budgeting offers numerous advantages, particularly in risk management, capital allocation, and financial discipline. --Risk Management: Budgeting allows traders to identify potential risks and set limits on how much they are willing to lose in different investments. A well-planned budget ensures that losses in one area do not undermine the entire portfolio. Allocating a specific amount to high-risk assets helps protect long-term wealth. --Efficient Capital Allocation: Proper budgeting ensures that capital is allocated optimally, preventing the mistake of over-concentrating investments in one sector or asset class. A balanced approach, facilitated by budgeting, leads to diversification, which is essential in minimizing risk and achieving steady portfolio growth. --Financial Discipline: One of the most significant benefits of budgeting is the discipline it instills. By adhering to a budget, traders avoid making hasty, emotion-driven decisions that can lead to financial losses. A disciplined approach helps traders stay focused on their financial objectives, gradually building wealth over time. Key Components of a Trading and Investing Budget An effective trading or investing budget consists of several critical components: --Tracking Income and Expenses: Keep a detailed record of profits, losses, transaction fees, and other costs. Monitoring these financial flows helps provide a clear picture of net performance and aids in making informed investment decisions. --Setting Investment Goals: Define specific financial goals, whether short-term (e.g., a certain profit within a year) or long-term (e.g., saving for retirement). These goals guide decision-making and help align investment choices with broader financial objectives. --Incorporating Risk Tolerance: Each trader or investor has a different risk tolerance, which should be reflected in their budget. Understanding and incorporating personal risk preferences helps prevent overexposure to high-risk investments. --Maintaining a Contingency Fund: Setting aside a portion of the budget as an emergency fund helps traders and investors remain stable during market downturns without resorting to panic selling. Steps to Create an Effective Budget Creating a solid budget involves the following steps: --Assess Your Financial Situation: Start by evaluating your available capital, liabilities, and financial health. This step is crucial for understanding how much you can safely invest without jeopardizing your financial security. --Set Clear Objectives: Establish short-term and long-term financial goals, such as reaching a specific portfolio value or saving for retirement. Clear objectives provide direction and purpose to investment decisions. --Allocate Funds Based on Risk Tolerance: Distribute your funds across different asset classes according to your risk profile. Diversifying investments across various sectors helps balance risk and optimize returns. --Monitor and Adjust Regularly: Financial markets and personal situations change, so it’s essential to revisit and adjust your budget periodically. Regular reviews ensure that the budget remains aligned with market conditions and your evolving financial goals. 🚫 Common Mistakes to Avoid Budgeting mistakes can undermine financial stability. Some of the most common pitfalls include: --Overleveraging: Borrowing too much to invest can lead to amplified losses, putting your capital at significant risk. Leverage should be used cautiously, ensuring that potential losses can be covered without destabilizing your finances. --Ignoring Market Research: Failing to conduct thorough research before making investment decisions can lead to poor choices. Proper due diligence is essential to understand market trends and assess investment opportunities effectively. --Emotional Trading: Fear and greed are often the driving forces behind impulsive trades, leading to buying high and selling low. Sticking to a budget and investment plan is critical to making rational decisions, regardless of market volatility. ..Conclusion Budgeting is an indispensable tool for success in trading and investing. A well-structured budget helps manage risk, allocate resources efficiently, and set clear financial goals, fostering both financial discipline and enhanced decision-making. By tracking performance, preparing for market volatility, and avoiding common mistakes, traders and investors can navigate the complexities of the financial markets more effectively. Ultimately, a disciplined approach to budgeting provides a strategic framework for achieving long-term financial goals and protecting against unexpected market downturns.
Education
by FOREXN1
3