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EURUSD-2

EUR/USD: Strong U.S. Data Signals Possible Reversal AheadAs per my market review, I predict that the uptrend of the EUR/USD currency pair is about to be broken (a significant reversal) and so it is likely to decline, especially due to strong U.S. fundamentals. The weekly sweep shows that the price is in a consolidation phase; however, the market has not been able to overcome the resistance zone despite various attempts. Right now, the pair is approaching the low of the previous week, as well as closing a weekly candlestick at the bottom, which increases the risks of further downward movement. The levels of support stand at 1.0949 and 1.0900, with resistances located at 1.1000, 1.1010, and 1.1050. There now remains the question of whether or not the price will close below the 1.0949 support level and if that happens, a deeper move is expected to follow. One extreme scenario is that it is possible to expect a pullback to 1.100 before the bears resume the trend.
Short
by Elysian_Mind
HelenP. I Euro can rise to resistance zone and then rebound downHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price entered to upward channel, where at once broke resistance 2 and dropped to the support line of the channel. Then price turned around and rose to resistance 2, broke it, and some time traded in the resistance zone, after which rebounded and grew to almost the resistance line of the channel. Euro continued to move up inside the upward channel until it reached the trend line, after which turned around and started to decline. In a short time, the price exited from the upward channel, and then it fell to resistance 2 and broke it. Some time traded below this level, EUR continued to move down and reached resistance 1, which coincided with one more resistance zone. Price some time traded in this area and later broke resistance 1 and fell below, but a not long time ago it rose to the trend line, and then rebounded down. So, in my mind, EURUSD will grow to a resistance zone and then continue to decline, breaking the trend line again. That's why I set my goal at 1.0840 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Euro can break support level and continue to declineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to pennant, where it at once made an upward impulse from the support line to the support level, which coincided with the support area. Then it rose higher than the 1.0930 level, but soon fell back to the support area, where some time traded and then finally broke the 1.0930 level. Next, EUR continued to move up to the resistance level, which coincided with the seller zone, and even broke it and reached the resistance line of the pennant. But after this, the price turned around and in a short time declined to support line of this pattern, breaking the 1.1105 level again. Later, EUR quickly rose back to the resistance line, but soon turned around and made an impulse down to the 1.0930 support level, thereby exiting from the pennant and breaking the resistance level one more time. Also recently, the price rebounded from the support level and started to grow. For this case, I think that the EUR can rise a little more and then break the support level and continue to decline. That's why I set my TP at 1.0850 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
EURO - Price can grow to resistance area and then continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat. In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area. Also, EUR entered to this area, but soon turned around and made correction movement to $1.1005 level. Then price made upward impulse resistance area, which coincided with top part of flat, but soon started to decline. Euro made fake breakout of $1.1175 level and fell near resistance line, exiting from flat and breaking $1.1005 level too. In my mind, price can grow to resistance area and then it bounce down to $1.0850 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
XAU/USD : CPI is Coming, More Bullish Move ? (READ THE CAPTION)By analyzing the Gold chart on the 1-hour timeframe, we can see that after entering the desired demand zone, the price started to rise and is currently trading around $2,617. Considering that the US CPI data will be released today and I expect the actual value to be equal to or lower than the forecasted rate, I anticipate an upward movement in price to fill the liquidity void mentioned in the previous analysis. Based on the previous analysis, the key supply zones remain as follows: $2,625, $2,636.6, $2,646, and $2,655 to $2,660. I hope you make the most out of this analysis! 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
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
27
Dollar rally slows after jobless claims; EURUSD ready to rise?EUR/USD has just touched a key support zone on the daily chart between 1.0900 and 1.0950, an area that previously acted as resistance in March and July 2024 but now appears to be turning into support. Yesterday’s candle formed a long lower shadow, signaling a possible rejection of selling pressure and a hint of buying strength. Additionally, the 1.0950 level aligns with the 61.8% bullish Fibonacci retracement on the daily chart, further reinforcing the potential for support. A little further down, the 200-day Simple Moving Average (SMA) appears to be strengthening the whole area and increasing the possibility of it working as a support level. Several factors are currently converging around the 1.0950 mark: 1. EUR/USD is in a former resistance area, which now appears to be functioning as support on the daily chart. 2. The 61.8% Fibonacci bullish level is present at 1.0950. 3. The 200-day SMA adds strength to the support zone. 4. A daily candle with a long lower shadow suggests initial buying strength. Higher-than-expected US inflation data leads to short-term strength in USD, fades after jobless claims From a macroeconomic perspective, the release of CPI data in the US, which came in higher than expected, initially boosted the US dollar at the start of the trading session. However, optimism about the dollar faded by the end of the day, causing the price to retrace and leave a long shadow on the daily candle. This shift was driven by higher-than-expected Initial Jobless Claims (258,000 actual vs. 231,000 forecast), reminding investors that the Federal Reserve is balancing two objectives: controlling inflation while protecting the labour market. As a result, despite higher inflation, the Fed may remain lenient to support job growth in the short term. Based on these factors, if EURUSD manages to break above the 1.0960 level, it may rise to 1.1010 and 1.1090 over the next few days. Alternatively, if EURUSD breaks below 1.0890, it could fall to 1.0775, where a significant support area is likely to be found. Disclaimer: 74% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
EUR/USD:US Jobless Claims Surge - Analysis.US Jobless Claims Surge, EUR/USD Rebounds Amid Mixed Market Sentiment The latest U.S. Initial Jobless Claims for the week ending October 4 unexpectedly rose, reaching 258,000—marking the highest level of new jobless benefit seekers since June 2023. This spike has captured the attention of market participants, as it hints at rising unemployment pressures in the U.S. labor market, adding a new layer of uncertainty to the Federal Reserve's future rate policy. While these higher-than-expected claims suggest some softening in the labor market, the Fed’s battle against inflation continues, leaving investors split on the timing and scale of any rate cuts. In line with our analysis from yesterday, we anticipated a possible bullish impulse for the EUR/USD, which has materialized as expected. The pair rebounded slightly from a key demand area, with the current outlook pointing to a potential retest of the 1.1000 level or slightly above, touching the supply zone. However, given the mixed signals in the macroeconomic environment, we are not taking any positions at the moment, opting to wait for a clearer scenario to emerge before making any trade decisions. The Complex Rate Environment Thursday’s data, which revealed rising unemployment figures alongside persistent inflation concerns, has muddied the outlook for the Fed’s next move. On one hand, the higher jobless claims have fueled speculation that the Fed might lean toward rate cuts in the near future, aiming to provide relief to the labor market. On the other hand, inflation remains a key challenge, tempering expectations for any aggressive or immediate policy shifts. The juxtaposition of these factors has left rate markets in flux, with traders caught between hopes of a dovish pivot and the reality of persistent price pressures. This uncertainty extends to the broader financial markets, as investors attempt to gauge how these competing narratives will affect currency flows. The U.S. dollar (USD), as a result, remains a focal point for traders, with the Greenback's movement largely driven by fluctuations in rate expectations and economic data. EUR/USD Outlook With the U.S. labor market softening and inflation still a concern, Fiber traders (EUR/USD) are closely monitoring these developments. On Friday, significant European economic data releases are notably absent, leaving the EUR/USD at the mercy of U.S. dollar flows as the trading week draws to a close. As we await more clarity on the Fed’s stance, the pair's short-term direction remains dependent on broader macro trends in the U.S. Our strategy, for now, is to observe how the price interacts with the 1.1000 supply zone. A clear rejection could pave the way for another bearish impulse in the EUR/USD, but we will refrain from entering the market until a more definitive signal emerges. The next few trading sessions will likely provide critical insights into the future direction of the U.S. dollar and, by extension, the EUR/USD pair. In conclusion, while the rising U.S. jobless claims offer some support for rate cut expectations, the stubbornly high inflation complicates the Fed's path forward. As the EUR/USD hovers around key levels, traders are advised to stay patient and let the market reveal its next move before jumping in. ✅ Please share your thoughts about EURUSD 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
3
EUR/USD SEll setup1-Hour Chart Analysis The 1-hour chart is consolidating within a tight range after the recent sell-off. A breakout from this range could signal the next major move for EUR/USD. The bearish trend is still in play, but a short-term retracement to test the upper range boundary is possible. Key Observations: Price is consolidating in a tight range between 1.09350 and 1.09548. There is potential for a breakout either to the upside (corrective move) or to the downside (continuation of the bearish trend). The next significant target for sellers could be around 1.08994 (marked as TP1 on the chart). Trade Opportunity: Traders can consider shorting the pair if price breaks below the current consolidation range, targeting 1.08994 for a take-profit level. Alternatively, a break above 1.09548 could lead to a quick corrective move, allowing for a short-term long trade.
Short
by FourtradesTV
GBP/USD: Key Levels and Market UncertaintyThe analysis of the GBP/USD pair indicates a context of uncertainty, with the British pound (GBP) seeking support from relatively subdued demand for the US dollar (USD) but lacking clear bullish pressure. The GBP/USD pair is influenced by various macroeconomic factors, including expectations of further easing by the Bank of England (BoE) and key economic data from both the United States and the United Kingdom. Following the release of the minutes from the Federal Reserve’s (Fed) September meeting, the dollar gained strength. The minutes revealed that most FOMC members supported a 50 basis point (bps) rate cut, but with caution regarding the future pace of easing, sending a more "hawkish" signal than expected and dampening the prospects for immediate further easing. The pound remains under pressure, as the market expects the BoE to continue with a more accommodative policy, which limits the potential appreciation of the GBP. However, UK economic data could provide short-term support if it surprises to the upside. From a technical perspective, GBP/USD has some key static support levels: 1.3050, 1.3000 (a psychologically important round level), and 1.2940, which could act as deeper support. On the resistance side, 1.3100 corresponds to the 78.6% Fibonacci retracement of the latest uptrend and could be a barrier for bulls, with the next resistance at 1.3170, located at the 61.8% Fibonacci retracement, representing the next hurdle in the event of a trend reversal.
Long
by Forex48_TradingAcademy
1
US's Resilient Economy Attracts European InvestorsHello! Chart Explanation & Indicators EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower. Technical Zones There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088. Conclusion The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry. Thankfully to all followers, Ely
Short
by Elysian_Mind
EURUSD: Prolonged bearish momentum.The September Fed meeting minutes showed a dovish stance on monetary policy, pushing the USD higher and forcing EUR/USD lower. In response to the above information, the price slid to the support level of 1.0950 and the EMA 34 - 89 is maintaining a steady downtrend, indicating that the sellers are still dominant. That is why I set my target at the round level of 1.0800, which matches the lower boundary as indicated on the chart. What do you think about this view?
Short
by ConanTradingFX
EURUSD should buy or sell?Hello everyone! EURUSD is currently following my previous prediction as it is in a deep decline, hovering at 1.098 and breaking out of the support level of 1.101. With 3 deep declines and breaking out of 3 support levels, sellers continue to profit. Therefore, I expect it to continue moving down at least to the lower price channel, as indicated by the flat EMA for shorting. Happy trading and don't forget to share your opinions in the comments section!
Short
by ConanTradingFX
EURUSD H4 I Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0876, which is a pullback support close to the 78.6% Fibo retracement Our take profit will be at 1.0955, an overlap resistance. The stop loss will be placed at 1.0876, which is a pullback 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