EURUSD hit the 1day MA200! Support or bearish break out?EURUSD hit today the 1day MA200 for the first time since August 2nd and its 1day RSI turned oversold for the first time since April 16th.
That is a very bearish development but market exhaustion and the need for a relief rally may hit the price just like it did on the August 25th 1day MA200 test.
We remain bearish as per our last trading plan but any rebound near the 1day MA50 will be an opportunity to open additional sells.
The target is intact at 1.07700 (Fibonacci 0.618).
Previous chart:
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Eurusd-4
Hours to Go: Will ECB Cut Rates? Hours to Go: Will ECB Cut Rates?
The euro zone economy flashed modest signs of life earlier this week, with a series of indicators suggesting tepid but still growing activity for a region that has narrowly avoided recession for over a year.
However, the numbers are possibly unlikely to deter the European Central Bank from moving forward with a rate cut on Friday, a decision that markets have nearly fully priced in as the countdown enters its final 24 hours.
Ahead of the decision, the EUR/USD is trading at its lowest since August 2, breaking below its 20-, 50-, 100-, and 200-day exponential moving averages. The key question: will the ECB’s rate cut provide much-needed support to the euro, or will sellers attempt to erase the gains from the August 2nd rally?
EURUSD: Move Down Expected! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.08559
Wish you good luck in trading to you all!
EURUSD Massive Long! BUY!
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0875
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0970
My Stop Loss - 1.0819
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURUSD Multi Timeframe Analysis 16.10.202415m Swing Bearish Internal and Fractal Bullish
Price recently swept Asia High so we might see bearish momentum to continue
If you would like to look for longs after sweeping old daily low ( 1.08814 ) and follow 15m internal bullish order flow, demand marked on the chart. But waiting for a 15m candle closure above 15m Swing Strong to make sure that the swing structure switched to Bullish is ideal.
We have now 4H bullish ChoCH after sweeping the low, indicates that 4H pullback might be started.
DXY USDOLLAR Supply Demand Analysis-Price inside daily/weekly supply + trend = sideways.
-Buyers still in control wait for selling confirmation
of price breaking upward trend lines + removing opposing pivot demand
zones.
-We could see price break to the upside and then reverse
(liquidity search/stop run).
EURUSD Technical Analysis and Managing Your Trade👀👉 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 look at how we can manage this trade. 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. 📉✅
EURUSD Possible further Drop after a small up correctionThe market broke through the 1.1000 round number following the negative NFP data for EURUSD, pushing the price below the September low. There's a strong possibility it could retest the next round number at 1.0900. The weekly candle reflects growing bearish momentum, and zooming out reveals that this level has historically acted as a key support multiple times. If the price is rejected at this resistance zone again, it could signal further bearish movement. The overall outlook remains bearish as long as the price stays below 1.1000. The target is the support level at 1.09050
Euro can little correct and then bounce up to resistance areaHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the resistance line, and fell to the support line, breaking the 1.1135 resistance level, which coincided with the seller zone. After this, the price bounced from the support line and started to grow to this level. When it reached it, EUR some time traded between the 1.1135 level and later finally broke it and reached the resistance line. But then the price turned around and fell to the 1.1135 level, after which tried to grow but failed and continued to decline inside the pennant. Euro first broke the 1.1135 level and dropped to the support line of the pennant, which coincided with the current resistance level and resistance area. Price some time traded inside this area and soon broke the 1.0950 level and fell to the support line of the pennant pattern. Also, the Euro tried to back up, but failed and at the moment it continues to decline near the resistance line of the pennant. In my opinion, the price can decline to the support line and then rebound up to the resistance area, thereby exiting from the pennant and breaking the resistance level. For this reason, my TP (1.0950) is located inside the resistance area. Please share this idea with your friends and click Boost 🚀
EURUSD to turnaround?EURUSD - 24H EXPIRY
Trades at the lowest level in 48 days.
Bespoke support is located at 1.0875.
We have a 78.6% Fibonacci pullback level of 1.0870 from 1.0778 to 1.1202.
Selling posted in Asia.
Dip buying offers good risk/reward.
The medium term bias is neutral.
We look to Buy at 1.0875 (stop at 1.0825)
Our profit targets will be 1.1037 and 1.1050
Resistance: 1.1008 / 1.1038 / 1.1050
Support: 1.0875 / 1.0870 / 1.0775
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DreamAnalysis | EUR/USD Key Liquidity Levels Hit - What’s Next?✨ Today’s Focus: EUR/USD – A Market Mover
We’ll dive into the latest price movements and analyze key market levels to uncover potential trends.
🚨 Previous Analysis Recap:
In our last analysis, we anticipated a further drop after a reaction into the 4H imbalance. While the predicted decline occurred, the extent of the move exceeded our expectations.
📊 Current Market Overview:
The price has recently swept key liquidity levels, including the Previous Week Low (PWL) and Sell-Side Liquidity (SSL). Currently, the market is consolidating, a sign of liquidity building. At this stage, we’re watching for a deeper retracement or possibly a full reversal.
🔴 What to Expect: Short-Term vs Long-Term Scenarios
Here, we explore potential outcomes for both short-term and long-term, outlining both bullish and bearish possibilities for day trading.
🗣 Short-Term Outlook:
In the short term, a retracement toward internal liquidity levels, such as Low Resistance Buy-Side Liquidity (LBSL), and lower time frame imbalances (1H and 15m) is expected.
🗣 Long-Term Outlook:
The long-term scenario points to a possible expansion higher, targeting the Previous Week High (PWH), which aligns with a Bearish Fair Value Gap (FVG) on the weekly chart. However, beyond this point, further clarity is needed before determining if the price can continue higher.
🕓 Key Levels to Watch:
These critical levels could influence price action:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (Imbalance zone)
These levels represent potential areas for liquidity grabs or market rebalancing. FVGs are zones where price may retrace before continuing its trend.
📈 Bullish Scenario:
A bullish setup could be identified on lower time frames (like the 15m), where a Market Structure Shift (MSS) with confluence would signal an entry. The target would be the Buy-Side Liquidity, as highlighted in the short-term outlook.
📉 Bearish Scenario:
For a bearish outlook, we require further confirmation on lower time frames. The focus would be on a continuation towards Sell-Side Liquidity, although identifying clear targets may be more challenging at this point.
📝 Conclusion:
Stay flexible as market conditions shift. Monitoring these critical levels and setups will enhance your strategy and help you identify high-probability trades.
🔮 Looking Ahead:
Stay tuned as we continue to track NASDAQ, DXY, EUR/USD, and other major markets. More timely insights will follow as trends develop.
⚠️ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
Today's scenario for the euroSince we have not mitigate a valid POI to return to in the daily time frame, therefore the market structure is still bearish and we can overcome the bearish ranges.
And according to the high of Asia, which seems to have created a smart money trap, we can wait for it to be caught, so that we can wait for a sell trade in the daily key level, which supports the four-hour and one-hour POIs and also can wait for bulish bos to confirm a counter trade to daily key level.
EUR/USD Extends Losses on Turnaround Tuesday as USD StrengthensAs anticipated in our previous analysis, the EUR/USD pair extended its losses on Turnaround Tuesday, breaking through a weak demand area that had little support from underlying fundamentals. The euro continued to slide as the US Dollar (USD) maintained its upward momentum, driven by a combination of economic data and market sentiment.
US Dollar Strength Backed by FOMC Minutes
The ongoing strength of the USD has been bolstered by the Federal Open Market Committee (FOMC) minutes from the September 18 meeting. The minutes revealed that a "substantial majority" of Fed policymakers supported easing monetary policy with a 50-basis-point rate cut. However, they refrained from setting a specific timeline for future cuts, leaving room for further policy adjustments based on upcoming economic data.
The hawkish undertone of the FOMC's position has given the USD additional support in recent weeks, fueling its rally against major currencies, including the EUR.
FedWatch Tool Highlights Market Expectations
According to the CME Group’s FedWatch Tool, market participants are currently pricing in an 88% probability of a 25-basis-point rate cut at the next Federal Reserve meeting. This high probability reflects growing expectations of further monetary easing, which has helped sustain the greenback’s strength.
Upcoming US Economic Data to Watch
Looking ahead, the market's focus will shift to Thursday, when the US releases key economic data, including USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims. These reports are expected to inject volatility into USD-correlated currency pairs, particularly EUR/USD, as they will offer insights into the strength of the US economy and provide further direction for the USD.
Traders will closely watch these releases to gauge the health of the US economy and its potential impact on the Federal Reserve’s future rate decisions. Strong retail sales data and lower unemployment claims could strengthen the USD further, while weaker-than-expected figures may signal the need for more aggressive monetary easing.
Market Positioning and Technical Outlook
From a market positioning standpoint, recent data shows a shift in sentiment among speculators and commercial traders. Speculators have reduced their net long positions in the EUR, indicating decreased confidence in the euro’s near-term prospects. Conversely, commercial traders have increased their net long positions, suggesting that some institutional investors believe the EUR may be undervalued at current levels.
From a technical perspective, we are closely monitoring two key demand areas on the chart. The price is nearing these zones, and we are waiting to see how the market reacts before making any decisions about entering long positions. If the price finds support at one of these demand areas, it could signal a potential reversal or retracement. However, as always, patience is crucial in waiting for confirmation before executing any trades.
Conclusion
The EUR/USD pair remains under pressure as the USD continues to dominate, fueled by expectations of further monetary easing and strong economic data. While the pair is approaching key demand areas, traders should exercise caution and wait for clearer signals before entering long positions. With Thursday's US data releases on the horizon, the markets are set for increased volatility, and these reports will likely shape the next phase of EUR/USD's direction.
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EUR/USD Struggles to Recover - Bears Dominate!Today, EUR/USD pair continued to fluctuate in a narrow range below the 1.0900 mark during Thursday's trading session, holding on to recent heavy losses, after falling to a near two-month low the previous day.
Technically, the old support level has turned into a stiff resistance, making any recovery attempt difficult. Meanwhile, technical indicators and signals from EMA 34, 89 continue to favor the Bears, putting EUR/USD on the back foot against other rivals.
Good luck traders!
Could the Fiber reverse from here?The price is falling towards the support level which is an overlap support that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.0877
Why we like it:
There is an overlap support level that aligns with the 161.8% Fibonacci extension.
Stop loss: 1.0835
Why we like it:
There is a pullback support level
Take profit: 1.0951
Why we like it:
There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement.
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DXY Decision Time & Prediction of the marketsDXY is currently hit to weekly equilibrium.
I believe we are about to see little retracement upcoming days.
It would be good for stocks-risk assests.
We may see strong rejection and starts another bearish daily trend. (red scenario)
Or we may see contination of uptrend
(blue scenario).
This will be depend on mostly geopolitical risks
and US elections on november.
I am positioning myself for bearish DXY scenario.
EURUSD: Channel Down on 1H giving two trades.EURUSD is almost oversold on its 1D technical outlook (RSI = 30.958, MACD = -0.004, ADX = 45.308) as it has been on a non-stop decline, which is even more effectively displayed on the 1H chart. You can see the flawless Channel Down making -0.90% Bearish Waves and then pulling back to the 0.5 Fibonacci only to get rejected again under the 1H MA100. This gives a potential double trade, initally with a short now to complete the -0.90% wave (TP = 1.08555) and then long to the 0.5 Fib (TP = 1.09000).
See how our prior idea has worked out:
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EURUSD Trade SetupCurrently in a long on EU looking for taking some profits on point A and let the rest ride.
On HTF I still see more potential to come LOWER so I will look in trouble area to short or above (I'll probably publish another idea).
All I want to see here is some strength and volume behind this push, if not I'll treat it as a minor pullback of HTF bearish trend.
EURUSD sellPreviously i was totally buy baised but now as i have observed the pair from weekly to daily to 4H to 1H we are seeing a downward 👇 move in the pair also the confluence is 50 SMA which is above the price also we have a support level down there at 1.0884 price level if price breaks below 👇 we will see a heavy downside move in the pair also the confluence is from H4 to H1 we are experiencing a falling wedge pattern which indicates price will soon fall after break below
GBP/USD : First BUY, then SELL ! (READ THE CAPTION)By analyzing the GBP/USD chart on the 2-hour timeframe, we can see that the price is currently holding the support at the 1.30700 area. I expect it to continue its upward movement. The potential targets for this analysis are 1.31130 and the range between 1.31345 to 1.31455. Also, keep an eye on the 1.31455 to 1.31760 area for a potential SELL opportunity.
THE MAIN ANALYSIS :
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Best Regards , Arman Shaban