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EURUSD-2

EURO - Price can bounce down from triangle to $1.0640 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where some time grew near resistance line and then fell below. After this, price in a short time rose to $1.0830 level, made correction, and then bounced up, breaking this level. Next, price continued to grow in channel, and even made a gap, after which rose to $1.0935 points and turned around. Price made downward impulse, breaking $1.0830 level and exiting from rising channel too, and started to trades in triangle. In triangle, price fell to support area, after which bounced up to resistance line, but soon fell back. Now, I expect that price can reach resistance line of triangle and then bounce down to $1.0640, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
Practical Application of Order Blocks in Trading🔸In trading, especially in the context of institutional and supply-demand-based strategies, order blocks, imbalances, breakers, and entry points are all critical elements for spotting potential high-probability trade setups. Here’s a breakdown of each: 1. Order Blocks 🔸Definition: Order blocks are areas where large institutional orders (by banks, funds, etc.) are believed to have been placed, often leading to sharp price movements. These typically form after a period of consolidation, when a large entity enters the market to create momentum in a particular direction. Types: ▪️Bullish Order Block: An area where institutions have placed buy orders, resulting in an upward price move. It’s generally identified by a down candle (in a bullish trend) before a strong upward move. ▪️Bearish Order Block: An area with concentrated sell orders, leading to a strong price decline. It’s marked by an up candle (in a bearish trend) before a sharp downward move. ▪️Use in Trading: Traders look for price to return to these areas as potential entry points, expecting the area to act as support (for bullish order blocks) or resistance (for bearish order blocks). 2. Imbalances 🔸Definition: Imbalances (also called Fair Value Gaps or FVG) occur when there is a strong price movement in one direction, leaving a "gap" in liquidity. ▪️IThis happens when there’s more demand or supply than what the current orders can fulfill, leading to a price spike. ▪️Identification: Look for consecutive candles moving in the same direction without much overlap in their wicks. This often leaves a gap between the high of one candle and the low of the next. ▪️Use in Trading: Since price often "rebalances" itself, traders may expect price to return to this area before continuing its trend, using it as a potential point for entries in the direction of the larger trend. 3. Breakers 🔸Definition: A breaker is a failed attempt at reversing a trend, usually involving a break of structure that indicates a reversal but then fails, with price moving back in the original trend's direction. Types: ▪️Bullish Breaker: When a downtrend is invalidated, but instead of continuing downwards, price reverses back up. The previous support level that price broke and closed below may now act as a support zone. ▪️Bearish Breaker: When an uptrend is invalidated, but price moves back down, often causing previous resistance to act as resistance again. ▪️Use in Trading: Breakers are often used to identify failed reversals where traders might enter in the direction of the initial trend, as these zones tend to have strong support or resistance. 4. Bullish and Bearish Breakers in Trading Bullish Breaker: ▪️A level created after a failed bearish structure, turning into support as the price breaks upward. Look for confirmation of price moving above this level, with entry points often at or just above the zone. Bearish Breaker: ▪️A level created after a failed bullish attempt, creating a resistance zone as price breaks lower. Traders enter trades when price retests this breaker level and shows signs of rejection. 5. When to Enter Trades ▪️Order Block Entry: Look for price to return to an order block zone (after creating it), confirming it as a valid area of support or resistance. Confirmation methods include candlestick patterns or lower timeframe support/resistance creation. ▪️Imbalance Entry: Price may "fill" imbalances, and traders can look to enter as price retraces to this level with signs of rejection or confirmation. Watch for candles rejecting at the edge of the imbalance zone. ▪️Breaker Entry: Wait for price to test the breaker zone and show signs of rejection, typically with a smaller time-frame entry trigger (like a lower high or low in structure). ▪️Risk Management: When entering trades based on these points, place stops beyond the zone or recent high/low, and target areas of the next significant support/resistance or opposite liquidity pools. 6. Tips for Effective Use 🔸Multi-Timeframe Analysis: Check higher timeframe levels for stronger order blocks or breakers and use lower timeframes to refine entry. 🔸Wait for Confirmation: Often, a test of these areas with a reversal candlestick pattern (like a pin bar or engulfing candle) on a lower timeframe will provide better entries than immediately entering. 🔸Volume Confirmation: Higher volume in these areas can suggest more institutional interest and improve the chance of a successful trade. 🔸Mastering these concepts involves observing how price interacts with these levels across different market conditions, which enhances accuracy over time.
Education
by ProjectSyndicate
17
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow. Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616. THE MAIN IDEA : 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
OANDA:XAUUSDShort
by ArmanShabanTrading
12
Hellena | EUR/USD (4H): Short to support area at 1.06749.Colleagues, the US presidential election has made some adjustments to the wave markup and I now believe price is in a contested position. I think that the downward movement will continue and the price will update the lows, but for now I expect the price to reach the support area at 1.06749. If the price updates this level - I will consider that the price is in a complex correction and I will look for a long position entry, but for now I prefer short positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
4
EUR/USD Trend: Possible Deep Drop To 1.0650?EUR/USD remains under pressure and fell to 1.0750 after Thursday’s rally. The main reason for the decline is the recovery of the US dollar and the cautious sentiment weighing on the pair as traders digest Trump’s victory and the Federal Reserve’s monetary policy announcements. I am currently monitoring EUR/USD on the 1-hour time frame and I see clear bearish signs. In particular, after peaking at 1.08260, the price fell sharply, breaking the 50% and 61.8% Fibonacci levels at 1.07545 and 1.07376. Additionally, the EMA 34 and EMA 89 are pointing to a bearish trend as the short-term moving average (EMA 34) is below the long-term moving average (EMA 89). This is a signal that sellers are in control of the market. If price continues to sustain below the 1.07100 - 1.06830 support zone, I expect the pair to drop to deeper support around 1.0600.
Short
by Bentradegold
3
Euro can little grow more and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to trades inside the wedge, where it at once broke the 1.0790 level, which coincided with the seller zone but soon backed up to this area. Then the price continued to move up and later rose to 1.0840 points, but then EUR made a correction to support line of wedge. Then price turned around and started to grow to a resistance line of a wedge pattern and even made a gap, after which it exited from the wedge and turned around. Then prices made a downward impulse inside the triangle to the resistance area, breaking the 1.0790 level. After this movement, the EUR turned around and in a short time rose to the seller zone, after which turned around and dropped back. Also recently, the price broke the 1.0680 level and now it trades very close to the support line of the triangle pattern. In my opinion, the price can make move up to the resistance area and then continue to decline, even exiting from the triangle pattern. Therefore I set my TP at 1.0600 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURUSD h4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0768, which is a pullback resistance and 61.8% Fibonacci retracement. Our take profit will be at 1.0642 which aligns with the 127.2% Fibo extension The stop loss will be at 1.0860, a pullback resistance 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. 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, previously FXCM EU 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
1
EurUsd Analysis | Rebound in short term?The euro hit a 4-1/2-month low against the U.S. dollar as investors worried about possible U.S. tariffs which would hurt the euro area's economy. The greenback was within striking distance of the levels seen right after the U.S. presidential election against major currencies as markets focused on data and Federal Reserve speakers and waited for clarity about future U.S. policy. Analysts expect measures from President-elect Donald Trump to put upward pressure on inflation and bond yields while limiting the Fed's scope to ease policy. However, they see investors trading on economic data and clues about the rate outlook before seeing what Trump's policies would actually be in practice. Market participants flagged that the sensitivity of the euro to the threat of higher U.S. import tariffs was evident late Friday, when media reported that Trump was lining up Robert Lighthizer, seen as a hawk on trade, to run his trade policy. However, two sources familiar with the matter said Lighthizer has not been asked by Trump to return to the agency overseeing trade policy. That said, from a technical point of view, the pair is very interesting to follow in the short term, if we look at the 4H chart, we have reached a very important support area, so we do not exclude some bullish movement. If the pair will trigger a technical bounce it should do so with at least 3 legs, and in this case it could still form a bullish Head and Shoulders Pattern (not shown on the chart, but quite simple to imagine). The most speculative bulls are trying to take long positions on the resistance, the more cautious Traders could wait for the formation of the right shoulder taking a position with a stop loss under the Head. Thanks for watching.
Long
by TheAnonymousBanker
EURUSD The sell-off isn't over yet.The EURUSD pair is extending the sharp sell-off after the most recent bearish signal upon the 1D MA100 (green trend-line) rejection. This is practically the same sideways Zones we talked about almost a month ago (October 14, see chart below): The price broke below the 1-year Higher Lows trend-line that was the last 'hope' for a bullish reversal and should now extend the bearish trend even lower. The 1D MA100 rejection was also a rejection on the 0.5 Fibonacci retracement level and as you can see this is identical to the August 31 2023 rejection. That was half-way through a Channel Down (also starting from the Resistance Zone) that eventually targeted the 1.236 Fibonacci extension. As a result, we remain bearish on this pair, targeting 1.05300 (Fib 1.236 extension), unless the 1D RSI hits 25.00 (oversold), in which case take profit regardless, as this RSI reading preceded the October 03 2023 bottom. ------------------------------------------------------------------------------- ** 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
EUR/USD: Bears Dominate!The EUR/USD pair remained under bearish pressure for the second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours. The pair was weighed down by a stronger US dollar and political uncertainty in Germany. As seen on the 1-hour chart, the technical outlook favors continued downside momentum, with a potential target towards support around 1.0688. A rejection of the 1.0742 resistance could confirm this bearish move, creating an opportunity for short positions.
Short
by Bentradegold
EUR/USD Decline: How US Political Dynamics Favor a Stronger DollThe EUR/USD currency pair may experience further declines as the US Dollar (USD) benefits from renewed optimism tied to recent developments in American politics. Following substantial electoral gains by the Republicans, a robust agenda focusing on tax reforms and spending cuts is expected to gain traction, bolstering confidence in the USD. In Europe, the European Central Bank (ECB) may contemplate reducing interest rates to nearly zero by 2025 if economic growth stagnates as a result of tariffs imposed by the Trump administration. Current price action indicates that after testing the 1.0800 level, the Euro has sharply dropped, continuing its depreciation against the strengthening USD, which has gained support from the positive sentiment surrounding the Republican victory. The Stochastic indicator clearly shows that the DXY is moving out of oversold territory, suggesting further strength ahead for the Dollar. Additionally, the latest Commitment of Traders (COT) report reveals an increase in long positions among retail traders, while institutional investors—often referred to as smart money—have begun to reduce their long holdings. This shift may signal a potential downturn ahead for the Euro. Based on our analysis, we have identified a demand zone between 1.0600 and 1.0450, which merits further examination in a weekly context for a clearer rationale behind this zone. In summary, the outlook for the Euro and other currencies against the DXY appears bearish in the near term, given the current market dynamics and geopolitical factors at play. Our previous Forecast with Target 1.0800 Pullback. ✅ 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.
Short
by FOREXN1
1
EURUSD: markets favour USD, againThe US Presidential elections were the major event during the week for financial markets. Investors were satisfied with the elected candidate as almost all markets ended the week in green. The US Dollar also gained in strength. The FOMC meeting was somehow left in a shadow of the previous event. The Fed cut interest rates by another 25 bps, which was widely expected by markets. As for other macro news posted during the previous week, the ISM Services PMI in October reached the level of 56, which was higher from market expectation of 53,8. Michigan Consumer Sentiment preliminary for November was standing at 73,0, higher from market estimate of 73. Factory orders in Germany jumped to the level of 4,2% in October, which was significantly higher from market consensus of 1,5% and also from previous month of -5,4%. The HCOB Services PMI for October reached the level of 51,5 in Germany and 51,6 in the EuroZone, where both figures were modestly above market estimates. The Balance of Trade in Germany slowed down in September to the level of 17B Euro, from 21,4B posted for the previous month. The US Presidential elections in combination with the Fed's another rate cut, pushed USD to the higher grounds, reaching 1,068 against euro at Wednesday trading session. After that, the currency pair reverted to test 1,08 resistance line, however, it ended the week at the level of 1,0718. The RSI is quite close to the oversold market side, however, at the level of 37, there is some space further for the downside, until the clear oversold side is reached. The moving average of 50 days is strongly converging toward the MA200 counterpart, suggesting that the cross might come in the near term. Markets are currently favouring USD in expectation of the positive future results of the new US administration. Despite the current hype, some risks exist, which are mostly related to the fiscal side of the US economy and eventual inflationary pressures from introduction of tariffs on foreign goods, economists warn. As for the week ahead, the eurusd will spend time testing 1,07, a short term support line, with some probability that the currency pair might head toward the 1,06 support line, where it will end the current cycle. On the opposite side, a potential for a short term reversal holds. There is some probability that the resistance line at 1,08 might be tested for one more time. Important news to watch during the week ahead are: EUR: Inflation rate in Germany final for October, ZEW Economic Sentiment Index in November for both Germany and the Euro Zone, GDP Growth rate in the Euro Zone in Q3, second estimate, USD: Inflation rate in October, Producers Price Index in October, Fed Chair Powell speech, Retail Sales in October, Industrial Production in October
by XBTFX
EURUSD: Intraday Trend Reversal PatternFollowing the low established on Wednesday, 6th November 2024, we have observed a completed bullish wave structure. Subsequently, the price traded the low at 1.0682, forming a bearish completed wave pattern. Based on this price information, a bullish phase is anticipated in the next movement. We are entering a buy position, anticipating increased buying momentum at 1.0682, which could propel the price past the nearest internal momentum high of 1.0727. If this trade materializes, 1.0824 will serve as our momentum high target. Stop Loss: 1.0676 Happy Trading!
Long
by Charts247TradingAcademy
1
Potential bullish bounce?The Fiber (EUR/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.0677 1st Support: 1.0615 1st Resistance: 1.0802 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.
Long
by ICmarkets
Is Further Downward Movement Expected in EUR/USD?The EUR/USD pair has recently broken a significant uptrend line and fallen below a crucial horizontal support level on the daily chart. This initial downward movement was triggered by Donald Trump's victory in the US presidential election. His consistent emphasis on prioritising the local economy has led the market to anticipate protective policies aimed at reducing imports, thereby strengthening the Dollar against the Euro. From a technical perspective, current price action suggests increasing selling pressure, with the pair now approaching a critical support level at 1.0678. Below, we explore two potential scenarios for EUR/USD. Scenario 1: Retracement to the 1.0780 Region Followed by a Subsequent Decline Following the break of the uptrend line, the price may experience a pullback to retest the 1.0780 region, which is likely to act as resistance. This 1.0780 level coincides with a confluence zone formed by the prior trendline and the previously broken horizontal support level, making it a significant area of interest for sellers. Possible Sell Entry: If the price exhibits signs of rejection upon reaching 1.0780, this could present an attractive selling opportunity, with initial targets set at the 1.0678 support level and subsequently at the 1.0470 region, as indicated on the chart. Stop Loss : A protective stop loss could be placed slightly above 1.0830 to safeguard against a false breakout. Scenario 2: Break Below the 1.0678 Support Level The 1.0678 support level has been tested multiple times in recent sessions, rendering it a crucial point. A breach below this level would signify a potential continuation of the downward movement over the next few days. A daily close below 1.0678 could amplify the likelihood of a steeper decline, setting the stage for the next support level around 1.0470. Possible Short Entry: If the price breaks below 1.0678, a short entry could be initiated with initial targets at 1.0610, and a final target positioned at the strong support level of 1.0470, which has been significant since October 2023. Stop Loss : For this scenario, a stop loss could be positioned slightly above 1.0700 to avoid being affected by a false retest of the broken support. Donald Trump's victory has instigated a downward shift in the Euro's value against the Dollar, and this trend is likely to continue in the coming days. Given that EUR/USD is currently at a critical juncture, both outlined scenarios present viable trading opportunities, contingent upon price action in the forthcoming sessions. Careful monitoring of the 1.0678 and 1.0780 levels will be essential for determining the pair’s future direction and validating potential entry points. 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.
Short
by Marketscom