EUR/USD LONG FROM SUPPORT
Hello, Friends!
EUR/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.089 area.
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Eurusd-4
EUR/USD May Decline as USD Gains on Trump-Related TradesToday, the EUR/USD pair is under pressure due to the strength of the USD, driven by expectations of higher U.S. interest rates and recent political developments. The pair has fallen to a multi-month low, hovering between 1.0685 and 1.0680.
With increased volatility around the U.S. political environment—particularly after Donald Trump’s election win—alongside a Double Top pattern on the market chart, a short-term forecast suggests that if EUR/USD breaks below the 1.07 level, it may test support around 1.05. However, if economic indicators in the eurozone improve, the EUR/USD could have potential for a rebound within its current range. The Federal Reserve's rate decisions and any new fiscal policies could further influence the currency pair's direction in the coming days.
EURUSD map: Down to 1.04-1.00 Then Up to 1.16-1.21EURUSD is in the second leg down to complete a complex correction (red down arrows).
There are three crucial target points for drop to watch:
1) Valley of red leg 1 at 1.0448 and 50% Fib at 1.0406
2) 61.8% Fib at 1.0200
3) Touch point of the throwback to broken trendline around parity
Next is the reversal to upside within the large leg 2 up (blue up arrows).
The possible targets depend on the depth of the current drop, the deeper the lower the upside target.
From the first point of drop EURUSD could hit 1.21 area.
From the lowest valley of parity it could reach 1.16 handle.
EURUSD Already Moving Higher It looks like President Trump has sold his US dollars for now, we may move a bit higher but price may level off around these levels. It looks like the EURUSD started to retrace around 5 am.
I have drawn out some key levels on the chart that financial institutions may be looking at,
Thanks!
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.0772
1st Support: 1.0684
1st Resistance: 1.0840
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EURUSD H4 | Bearish Momentum Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0772, which is a pullback resistance.
Our take profit will be at 1.0654 which aligns with the 161.8% Fibonacci extension.
The stop loss will be at 1.0866, a pullback resistance level.
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#EURUSD - 07112024I am wrong about my view on EURUSD yesterday, after the initial sell down, I said to look for price to bottom for long opportunities. However, there was no bullish reversal candle as price is held by the algo bands as it sold down from strong level to strong level (orange line).
For today, IMO I am looking for further downside, but on a pullback. Look for rejection within the PZ and with the algo bands for a move lower.
EUR/USD: PAT + VPA 10/21/2024Good morning,
I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks.
Several indicators have pointed to this:
1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high..
2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair.
3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200.
Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024.
TVC:DXY
OANDA:EURUSD
XETR:DAX
EURUSD RISKY SCALP LONG NOWExecute the price at the exact price mentioned, NO FOMO.
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I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
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EUR-USD Long From Support! Buy!
Hello,Traders!
EUR-USD has been making wild
Moves on the elections news
But now it seems that almost
All the fight went out of the pair
At least for now so after the price
Retests the horizontal support
Below at 1.0665 we will be
Expecting a local bullish rebound
Buy!
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Check out other forecasts below too!
How the U.S. Election Could Impact USD and EUR/USD Trading"As the U.S. presidential election approaches, it’s time to consider how it might impact our trading strategies, particularly with the U.S. dollar and EUR/USD. Political shifts bring market volatility, so let’s break down how each outcome could influence the dollar and the EUR/USD pair.
Election Outcomes and Market Impact
1. If Democrats Win: A Democratic victory could weaken the dollar, as policies may lead to lower inflation and reduced real interest rates. This scenario might push the EUR/USD pair higher, with potential targets around 1.1300–1.1850. For traders, this could mean a favorable environment to consider EUR/USD gains.
2. If Republicans Win: On the other hand, a Republican win might initially strengthen the dollar, thanks to expected trade policies and rising interest rates. However, this strength could be short-lived. Long-term factors may introduce volatility, potentially giving the euro a chance to regain ground against the dollar.
Key Levels to Watch in EUR/USD
From a technical standpoint, keep an eye on resistance levels from 1.1275 to 1.1750 for potential bullish moves, while support around 1.1000 and a critical level at 1.0900 could indicate a downturn. Combining these levels with election news can help you make informed trade adjustments.
How to Trade Before, During, and After the Election
Leading up to the election, watch for narrowing polls, as this could introduce uncertainty and increased volatility. During the election itself, expect the market to react strongly—prepare for a Trump win to potentially strengthen the dollar and a Harris victory to have the opposite effe
EURUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.07800 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.07800 support and resistance zone.
Trade safe, Joe.
EURO - Price can enter to resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price grew inside rising channel, where it broke $1.1070 level and rose to resistance line.
Then price made a correction, after which continued to grow, but when it reached resistance line again, EUR turned around.
After this, price started to decline inside pennant, exiting from channel as well, and also soon broke $1.1070 level.
Next, price fell until to support line, which coincided with $1.0760 level and at once bounced up.
Euro rose to resistance line of pennant and then made downward impulse, exiting from pattern and breaking $1.0760 level.
Now, I think that price can grow to resistance area, where it reaches resistance level, and then bounce down to $1.0550
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XAU/USD : Liquidity Fills and Key Levels Amid Market VolatilityBy analyzing the #Gold chart in the 1-hour timeframe, we observe that yesterday, as anticipated, both targets of $2745 and $2748 were achieved, with the price even climbing to $2750. After collecting liquidity above these levels, gold experienced a sharp decline following the announcement of Donald Trump's presidency, dropping to $2701. The price quickly filled the liquidity gap and is now trading around $2724.
The key level to watch is $2740—if the price stabilizes below this, further declines toward $2717, $2700, and $2686 are likely. High market volatility persists; inexperienced traders should consider observing the market until it stabilizes. This analysis will be updated soon!
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
EUR/USD Outlook: Key Levels and Potential Bearish ContinuationThe EUR/USD chart indicates a bearish outlook, with price currently trading below the pivot line at 1.07719.
Bearish Scenario: If the price remains below 1.07719, further declines are likely toward the support levels at 1.06164 and potentially down to 1.05444. A break below 1.05444 could see the price reaching the next support level at 1.03906.
Bullish Scenario: If the price manages to rise above the pivot line at 1.07719, it may aim for the resistance at 1.09156. A close above this level would suggest a shift toward bullish momentum, with the next target at 1.10050.
Key Levels:
Pivot Point: 1.07719
Resistance Levels: 1.09156, 1.10050
Support Levels: 1.06164, 1.05444, 1.03906
previous idea:
The Best Level to Short EURUSD TP +120/+240 pips🔸Hello traders, let's review the 6hour chart for EURUSD today. As expected previously we are getting a normal bounce off the fresh demand zone
at 0800 currently closing on heavy overhead mirror s/r resistance.
🔸This setup falls in-line with my strategic outlook for EURUSD
which is targeting 0500, review via link:
🔸Key mirror S/R detected at 0925/0945, most likely further upside
is very limited in EURUSD so expecting fresh sell-side pressure and
reversal from the key s/r zone. Bears will target fresh demand zone
near 0700.
🔸Recommended strategy for EURUSD traders: focus on short selling high near 0925/0945 price cluster SL fixed at 40 pips TP1 +120 pips TP2 +240 pips final exit at 0700. Expecting rejection from overhead resistance and re-test of the mirror S/R level at 0700. good luck traders!
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Is The EURUSD Set For Possible Bullish Move? Is The EURUSD Set For Possible Bullish Move? Key Price Action Signals to Watch For..
👀👉 EURUSD is displaying strong bearish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
EURUSD: Strong Bullish Bias! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 1.07314
Wish you good luck in trading to you all!
Weekly FOREX Forecast: USD Is Strong Vs EUR, GBP, AUD NZDThis is an outlook for the week of Nov 4 - 8th.
In this video, we will analyze the following FX markets: USD Index, EUR, GBP, AUD, and NZD.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Trump Reclaims US Presidency6th November President Trump!!!
DXY: Further strength expected to 105.45, could retrace briefly, needs to stay above 104.80. (beyond 105.45 could reach 106)
NZDUSD: Sell 0.5935 SL 20 TP 75 (hesitation at 0.5895)
AUDUSD: Sell 0.6560 SL 25 TP 80
GBPUSD: Sell 1.2810 SL 30 TP 60
EURUSD: Sell 1.0765 SL 25 TP 90
USDJPY: Buy 154.40 SL 45 TP 90
USDCHF: Buy 0.8710 SL 20 TP 40
USDCAD: Sell 1.39 SL 30 TP 70
Gold: Looking for reaction at 2733, beyond that could trade up to 2760