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Eurusd-4

Euro Technical Analysis: EUR/USD Stalls Inside of Yearly HighEUR/USD has put in a very bullish outlay so far in Q3 trade. But last week saw bulls stall inside of the 2024 high and that brings questions to topside continuation in the pair. EUR/USD continued the advance last week following the rate cut rally following the European Central Bank’s move two weeks ago. There was technical context for bullish continuation as the pair broke through the topside of a bull flag formation but, to date, buyers haven’t been able to push for a re-test of the yearly high at the 1.1200 handle. There was seemingly an open door for a test of the highs last week as the pair showed three consecutive days of swing highs within 25 pips of that big figure. This week started with pullback but that also shows a bit of indecision as sellers were unable to test below last Thursday’s swing-low. EUR/USD Bigger Picture At this point it’s difficult to argue with the intermediate-term outlay in the pair, which has been decisively bullish since the rally began around the Q3 open. The pair was working around the 1.0700 at the time and as USD-weakness, prodded by a sell-off in USD/JPY, continued to drive DXY to fresh lows, EUR/USD continued its upward advance. But taking a step back, the argument can be made that the pair remains in the confines of a longer-term range and last week’s respect of the 1.1200 handle further speaks to that, as that, itself, is a lower-high from the 2023 swing at 1.1275. This sets up for an important few weeks as price remains within that shorter-term bullish trend into the Q3 close, with those very obvious resistance levels lurking overhead. I had written about the US Dollar to finish last week, and if the USD is going to rally, it’s probably going to need some help from EUR/USD bears. EUR/USD Shorter-Term Strategy Sellers made a quick push at the start of this week’s trade but as noted above, they haven’t been able to make much of a mark yet. But – this does set up some additional lower-high context as last week’s stall around 1.1175 is inside of the prior high at 1.1200, which is inside of the 2023 high at 1.1275. The 1.1140 level that I’ve been tracking in webinars is in-play as of this writing and there’s additional context for a possible lower-high up to prior short-term support, around 1.1155. If bears can defend that, the focus is on tests of deeper support. I’m tracking a Fibonacci level at 1.1081 that helped to bring the post-Fed bounce last week, and that’s followed by a swing at 1.1055. After that is the 1.1000 level and that’s the price that was vigorously defended into and around the ECB’s rate cut. Bears aren’t necessarily out of the woods on a first test below 1.1000, however, as the 1.09424 Fibonacci level could be a lead-in for bear trap potential on a bigger picture basis. That’s the 50% mark of the same Fibonacci retracement that set the high last year at the 61.8% (1.12697) and the low so far this year around the 38.2% (1.06152). --- written by James Stanley, Senior Strategist
by WHSelfInvest
DXY - MidtermThe FED surprised the markets with a 0.50 point preemptive rate cut. We expect this preemptive cut to cause a downward movement in the dollar index. However, we do not foresee a long-term downtrend. While the FED started the process with a larger-than-expected cut, other central banks had already begun their rate-cutting cycles much earlier. Therefore, after a brief decline, we expect the dollar index to stabilize and rise again. Technically, the first of our two major support levels, 100.6, has been broken. We now expect the decline to continue towards the second major support zone between 99.4 and 99.75. The double-top technical formation on short-term charts also supports the downward momentum. If the price finds support in the 99.4 - 99.75 range, we could see a rise towards the 102.2 - 103 area. As for the impact on other dollar pairs, we expect to see upward movements in XxxUsd pairs and downward movements in UsdXxx pairs.
TVC:DXY
by TradeAndMeApp
EUR/USD: Upside momentum becomes attractive!During the European session on Thursday, EUR/USD traded more steadily near 1.1150, supported by a fresh sell-off in the US dollar. Risk sentiment is weighing on the safe-haven greenback as all eyes turn to upcoming key speeches from ECB President Lagarde and Fed Chairman Powell. Looking ahead, I expect EUR/USD to remain bullish as long as the price remains above the key 34-EMA. The first resistance I target is the 2024 high at 1.1214 (September 25), followed by the 2023 high at 1.1275 (July 18). Wish you all, profitable trading!
Long
by ConanTradingFX
EURUSD Is Going Down! Sell! Here is our detailed technical review for EURUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.115. Considering the today's price action, probabilities will be high to see a movement to 1.110. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
WTI Price Outlook: Key FactorsThe price of WTI is hovering around $69.60 per barrel, remaining at relatively low levels compared to recent peaks. However, several signals suggest a potential reversal towards an upward trajectory. The reduction in U.S. crude oil inventories, reported by the EIA, was significantly larger than expected, with a drop of 4.471 million barrels compared to the forecasted 1.2 million. This signal of shrinking supply could exert upward pressure on crude oil prices. On the other hand, the effectiveness of recent economic stimulus measures adopted by China, the world's largest oil importer, remains uncertain. If these measures fail to stimulate demand, crude prices could face downward pressure. Additionally, rising tensions in the Middle East, particularly after an Israeli airstrike that killed a Hezbollah commander, increase the risk of a potential supply disruption from the region. From a technical standpoint, WTI is currently in a consolidation phase. If prices manage to break through the key resistance level around $70-72 per barrel, a bullish breakout could occur, supported by increased trading volumes.
TVC:USOILLong
by Forex48_TradingAcademy
1
EURUSD H1 I Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.1177, which is a pullback resistance and 61.8% Fibonacci retracement. Our take profit will be at 1.1105, a swing-low support level. The stop loss will be at 1.1215, a swing high 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. 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.
Short
by FXCM
EUR/USD Bearish Outlook: Boost Your Trading EdgeKey Fundamentals Impacting EUR/USD: - Economic Slowdown in Europe: Recent data suggests that the Eurozone is facing economic challenges, including declining manufacturing output and rising unemployment rates, which could weaken the euro against the dollar. - Strengthening US Dollar: The Federal Reserve's commitment to maintaining higher interest rates to combat inflation is bolstering the US dollar, making it more attractive to investors. - Geopolitical Tensions: Ongoing geopolitical issues, particularly in Eastern Europe, are adding uncertainty to the euro's stability, further supporting a bearish outlook. In my trading strategy for EUR/USD, I am focusing on probabilities to guide my decision-making process. Take a look at these analyses to see the details behind this trade idea. 1W: Hourly timeframes:
Short
by Jasminex1x2
1
EUR/USD turns lower on the dayThe EUR/USD couldn't hold onto its earlier gains and has turned negative on the day, potentially creating a bearish signal. Its recent gains have been driven more by external factors, such as China’s efforts to stimulate its economy and weaker US data, rather than positive developments within the Eurozone. However, the Eurozone's economic data, particularly from Germany, has been disappointing, with shrinking manufacturing activity and not so great services sector. This has led to reduced optimism for the euro's future performance, especially as it tests the August high of 1.12. Without significant improvement in Eurozone data, further gains in the EUR/USD will likely be limited unless there is a substantial downturn in US economic indicators. Technically, the EUR/USD remains in consolidation mode between resistance near 1.12 and support at 1.1100 to 1.1125. A break below this area, however, could push the pair towards 1.1000 or lower for then we will have seen the breakdown of the bullish trend, thereby creating a bearish signal. By Fawad Razaqzada, market analyst for FOREX.com
by FOREXcom
EUR/USD Buy Opportunity - Short-Term AnalysisMonthly & Weekly Perspective The EUR/USD is showing a strong buy opportunity, driven by recent macroeconomic developments. The U.S. Federal Reserve recently cut interest rates by 50 basis points, a significant move that weakens the dollar in the short term. Although the U.S. has been one of the more cautious economies, being the last to cut rates, this decision will likely continue to exert downward pressure on the dollar in the weeks to come. Key Points Supporting the Buy Opportunity: Interest Rate Cuts: The rate cut will lead to a short-term decline in the dollar's strength, which is bullish for the EUR/USD. As the market adjusts to this new monetary policy, we can expect further weakening of the dollar. DXY Divergence: A bearish divergence on the U.S. Dollar Index (DXY) is signaling further dollar weakness. This divergence, in tandem with rate cuts, reinforces the potential for EUR/USD appreciation. Bond Market Signals: The 10-Year Treasury Note and Bond 10-Year Yield are also showing bearish signals for the dollar. When yields decline, it typically indicates lower demand for the dollar, adding further support to the EUR/USD rally. Technical Levels: On the monthly and weekly charts, EUR/USD is approaching a crucial resistance level marked by a previous monthly high (Red Line). There’s a high probability of price seeking liquidity above these highs before initiating a potential reversal to the downside. Liquidity Targets: Before any sustained sell-off begins, the pair needs to clear monthly liquidity resting above key highs. This will likely create an upward momentum toward the red resistance line, which can serve as a target for buy trades. Buying Scenario: Entry Point: The current price action suggests that there are favorable buy opportunities as long as the EUR/USD trades above critical support levels on the weekly and monthly charts. Traders should be cautious around major resistance but can target the highs near the red line before considering a sell-off. Risk Management: Keep an eye on the U.S. data releases in the coming weeks to monitor if the rate cuts were the right decision. These could impact the dollar and, consequently, the EUR/USD trajectory.
Long
by Wiiso
4
Euro can make movement up and then continue to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago entered to wedge, where it rebounded from the support line and rose to the resistance line, which is located in the support zone. After this, the price turned around from the resistance line made a correction to the support line, and then made an impulse up. Euro broke the 1.1010 level, after which it exited from the wedge and started to trades inside range. Inside range, EUR at once rose to the seller zone, but soon turned around and started to decline, making a fake breakout of the resistance level. In a short time later, the price tried to grow, but turned around and made a correction to the support level, after which made an upward impulse to the 1.1175 resistance level. Euro some time traded near this level and not a long time ago started to decline. Therefore I think that the price can make movement up and then continue to decline to the support level, which coincides with the bottom part of the range. For this case, I set my TP at 1.1010 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
GOLD H4 Analysis And Route Map For Next Move - BullishPair Name = XAUUSD Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level. EMA 5 is indicating the trend of the market. EMA Cross over can range between 2655 to 2650. That indicates if Price breaks this level. Then we will see a small retesting period. This kind market allow us to buy the dip and cash another next trend move. Strongest retesting zone exists between the price level 2615 to 2600 price level. EMA 5 Crossing levels:- 2650 To 2655 Retracement Zone:- 2600 To 2615 Bullish Gold Levels:- 2673 2690 Bearish Gold Levels:- 2650 2615 2600 2589 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move.Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX