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EURUSD-2

EURUSD Technical Analysis! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1159 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.1115 Safe Stop Loss - 1.1185 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Trading Psychological Levels 101What are psychological levels? 🔸Psychological levels are price points in financial markets that hold significant meaning for traders and investors, mainly due to their simplicity and ease. 🔸Typically, these levels are round numbers, ending in 00 or halfway points like 50. 🔸With currency pairs, the exchange rate of 1.0” or parity is also a major psychological level. 🔸Traders tend to anchor their decisions around these levels, leading to increased buying and selling pressure when prices approach or surpass them. How to Trade Psychological Levels 🔸Identify Key levels: The first step in incorporating psychological levels into your trading is to identify the key levels relevant to the financial instrument (e.g. currency pair) you are trading. This can be done by observing historical price action and noting round numbers where the price has previously shown significant reactions. 🔸Monitor Price Action: Keep a close eye on how the price behaves as it approaches a psychological level. Look for signs of increased price volatility, as this can indicate heightened interest from market participants. 🔸Set Entry and Exit Points: Once you have identified a psychological level and observed price action around it, use this information to set entry and exit points for your trades. For example, if the price has bounced off a psychological support level, you might enter a long position just above the level and set a stop loss slightly below it. 🎁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.
Education
by ProjectSyndicate
9
EU continues multi-day uptrend!Hello everyone! Currently, the EU is maintaining a slight upward momentum, despite a short decline from 1.2000 and closing the week around 1.1159. This has many people worried about the possibility of further declines, but don't be nervous! The price channel is still holding and the cup-with-handle pattern is gradually completing, promising to trigger a new growth wave in the medium term. So, as long as the price channel remains in an uptrend, the market will continue to explode, and the Buy strategy will still be a good choice for the upcoming trading sessions. Once the EU breaks above 1.1200, it will not be difficult to move further to new highs in the short term. What do you think about this view?
Long
by ConanTradingFX
EURUSD What Next? BUY! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.1153 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1167 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
End of the week analysis27th September DXY: Price could trade higher to retest 100.90, if bearish trendline held, could trade back down to 100.55 NZDUSD: Buy 0.6290 SL 20 TP 40 AUDUSD: Buy 0.6905 SL 15 TP 50 GBPUSD: Sell 1.3290 SL 25 TP 75 (if support holds) Buy 1.3345 SL 30 TP 80 EURUSD: Sell 1.1090 SL 25 TP 80 USDJPY: Could range 143 to 144.50, Buy 145 SL 50 TP 200 USDCHF: Nothing for now USDCAD: Sell 1.3480 SL 25 TP 60 Gold: Could retrace down to 2640-2652 range, look for reaction there.
TVC:DXY
by JinDao_Tai
EURUSD → Bounce from 1.1200 before further growthFX:EURUSD has been rallying since the beginning of the Asian session and is reaching the key resistance at 1.1200. The psychological level has quite a strong weight on the market and it will be difficult to break this area from the first time.... A rebound is forming on H4-H1. On D1, a rather wide range of 1.120 - 1.105 is forming in the market but after the price exits the descending wedge, which is a rather promising bullish premise. Due to the strong distribution to 1.1200 the market has no potential to break through this zone, accordingly, in the short (mid) term I expect a pullback or consolidation in the range 1.12 - 1.114 ( 1.111) and the subsequent retest of the upper boundary of the range with the aim of breaking through and further growth to 1.127 - 1.135. Resistance levels: 1.120 Support levels: 1.114, 1.111 There is a huge pool of liquidity above 1.12, which will not allow buyers to overcome this obstacle so easily. We are waiting for a correction and a further breakdown, which will be followed by growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
16
EUR USD IdeaThe big picture on the yearly chart would be simple. If the price manages to cruise through last year's high of 1.12757, then we have a yearly fractal low in our hands to trade bullish momentum, with massive up targets to get into large trades. The whole range medium, as on the picture, represented by the yellow line, would be a heavy buying target, and the second would be 1.25557. These are targets that ultra-large whales aim for. So, monthly, weekly, and daily bull backs are respected well. But first, we need bullish momentum. So, there is no brainer to hold trades.
Long
by themarketknight
Multi-swing high resistance ahead?The Fiber (EUR/USD) is falling towards the pivot which has been identified as a multi-swing high resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 1.1197 1st Support: 1093 1st Resistance: 1.1243 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USD/JPY Under Pressure: Weak Yen and Anticipation of US GDP!USD/JPY is receiving particular attention due to the weakness of the Japanese Yen (JPY), influenced by expectations that the Bank of Japan (BoJ) will delay further rate hikes. The minutes of the BoJ’s July monetary policy meeting revealed a consensus among members on the need to remain vigilant regarding inflation risks. While some members indicated that a rate hike to 0.25% might be appropriate, others suggested a moderate adjustment to monetary support. From a macroeconomic perspective, traders are focused on the release of the annualized US GDP for the second quarter, scheduled for Thursday. The dollar's performance is being hindered by the increasing likelihood of rate cuts by the Federal Reserve by the end of the year. According to the CME FedWatch Tool, there is about a 50% chance that the Fed will reduce rates by 75 basis points, bringing them to the 4.0-4.25% range. In terms of resistance, the level of 149.40, the highest in the past six weeks, represents a potential target for the USD/JPY rally. On the support side, the first significant level is around 144.00, which coincides with the upper boundary of the previous descending channel. A break below this level could restore the bearish bias, with the next target around 139.58, the lowest point since June 2023.
Short
by Forex48_TradingAcademy
1
EUR USD Update1.11393 is a price held as a selling point for orders that have been delivered from the lows. It's a great place for heavy market makers to sell orders into resistance. It's been a long rally, and now we don't do anything here. Let them sell, buy whatever, probably get in next week with some good price action after the monthly candle closes. I didn't make anything on FX the last two weeks. More importantly, I keep my fingers off the mouse for FOMO trades. I'll keep posting if something comes up.
Long
by themarketknight
EURO - Price can fall to almost support line of rising channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside falling channel, where it broke $1.1070 level and fell to almost support line. Price turned around and started to grow, and in a short time, it left falling channel and started to grow in rising channel. In this channel, Euro broke $1.1070 level one more time and rose a little more, after which made a correction. After correction, the price bounced up to $1.1160 level and even entered to support area, where some time traded. Then EUR fell back and repeated movement up, breaking $1.1160 level and rose a little more than the support area. Now, I think that the price can rise a little more and then start to decline to $1.1120, breaking the support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2