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EURUSD

EUR/USD AnalysisOkay, here's the narrative. By the way Happy New Year in advance folks. We did a lot of algebra in school so this going to be a plot twist: If today's Tuesday and last week's Friday Candle wick high & low have been taken out in both directions, which means holding a trade last week would have meant a probability of being taken out. And the high of the week is looking Monday right now (We thinking it would be a Tuesday/Wednesday if it's going to be bearish), with a new year begining tomorrow and fresh equal lows looking like last year's bread that would likely be gleaned and taken. Maybe? maybe not? It's a trickle chart of on the 1D Chart. Bit good news, the FVG on the far left side of last week and the week before and this week's trading has been respected based on some criterias. Well, that's the narrative...
by ReedDTrader
Euro softens as Russia rejects Ukraine peaceThe EUR/USD pair has slipped below 1.0400, reflecting a bearish outlook as recent macroeconomic and geopolitical developments weigh on the euro. The European Central Bank (ECB) has implemented a series of rate cuts, with more expected in 2025, contrasting sharply with the US Federal Reserve's decision to reduce its rate cut projections, thereby strengthening the dollar. The euro's challenges are compounded by geopolitical uncertainties, particularly Russia's rejection of Donald Trump's Ukraine peace plan, which has heightened tensions in European financial markets due to the EU's involvement in proposed peacekeeping efforts. Additionally, the potential expiration of the Russia-Ukraine gas transit deal could lead to increased energy costs and inflationary pressures in the Eurozone, challenging the ECB's monetary policy efforts and potentially leading to increased euro volatility. Traders should watch for any ECB strategies to manage these inflationary and trade impacts, which could stabilize the euro amidst these challenges.
by tastyfx
EURUSD accelerates its decline After the EURUSD previous downward channel was adjusted horizontally, the trend quickly fell at the 1.045 line. So far, a triangle converged and broke down and opened the space below, returning to the short-term bearish trend. The overall trend is also consistent with the previous analysis. The hourly line ended 4 rebounds. After a short-term downward adjustment, the upper line was under pressure and weakened again at the 1.041 line. The lower line tested the 1.038 line. If this position breaks down, the price will test the lower 1.035 line. Overall, EURUSD is in the stage of downward adjustment. After the previous convergence and accumulation of momentum, the short-term bears dominate. If the market falls further, pay attention to the support near the middle track of the downward channel. In terms of operation, we still maintain the rebound short selling as the main focus.
Short
by RonPeter_Trading
1
EURUSD, What will happen in upcoming weeks ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family. let's go for EURUSD analysis: for upcoming weeks, we'll probably see an upward correction to Specified level at first and then it will start another fall. so with a proper trigger we can open a short position. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
Short
by aminrzb
Euro will exit from triangle and continue to growHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago entered to downward triangle and started to decline to the resistance level, which coincided with the seller zone. When the price reached this level, it broke it and continued to fall to the support level, which coincided with the buyer zone. After this, the price turned around and started to grow to a resistance level, thereby making a gap. Later, the price reached the 1.0630 resistance level, coinciding with the resistance line and then declining. Price also rose to almost the resistance line and then dropped to the support line of the triangle, breaking the support level. Euro some time traded below the 1.0400 level and later bounced up to the resistance line of the triangle, breaking this level again. At the moment, the price continues to trades near this line and I think that the Euro can correct to a support level and then rebound up, thereby exiting from the triangle. For this case, I set my TP at 1.0575 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURUSD Channel Up targeting the 4H MA200.The EURUSD pair broke above its 4H MA50 (blue trend-line) and following a Double Bottom bounce on the Support Zone on December 18, it started a Channel Up. Having initiated that after a highly oversold 4H RSI, it shares many similarities with the November 22 Channel Up, which peaked just below the 4H MA200 (orange trend-line). This is where our current short-term Target is at 1.04900. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
The Dollar Index Rises by 6.7% in 2024The Dollar Index Rises by 6.7% in 2024 Throughout 2024, the US dollar traded with mixed dynamics but showed consistent strengthening over the past three months. According to WSJ and Reuters, the following factors contributed to this growth: → Reports of a strong US economy and expectations that further interest rate cuts by the Federal Reserve will be limited. → Projections of policies under President-elect Donald Trump, which are anticipated to focus on tax reductions, increased tariffs, and stricter immigration controls. During the low-volatility holiday trading period, the US Dollar Index—a tool measuring the dollar's strength against a basket of major currencies—hovered around a two-year high, where it may close a strong year. Meanwhile, the euro remains near two-year lows, but bulls hold onto hope. As technical analysis of the EUR/USD chart indicates today: → The price is near a support level formed by an ascending channel (marked in blue). → Simultaneously, price fluctuations are shaping a bullish “cup and handle” pattern below the 1.0444 level—signalling growing interest among buyers. A breakout above the red descending trendline could help bulls start 2025 confidently, potentially pushing the price higher from the lower boundary of the channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
by FXOpen
2
Euro H4 | Approaching pullback resistanceThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0453 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.0544 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance. Take profit is at 1.0351 which is a swing-low support. 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 (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
EURUSD: calm weekDue to the Holiday season on the Western markets, there has not been too much important macro data posted during the previous week, while trading eurusd currency pair was relatively calm. Such low trading and low volatility is usual on the market till the first week of the New year. Durable Goods Orders in the US dropped by -1,1% in November on a monthly basis. This drop was higher from market forecast of -0,4%. The CB Consumer Confidence was also down to the level of 104,7, while the market was expecting to see the figure of 112,4. At the same time, there has not been important macro data posted for the Euro Zone. Markets used the last trading week in a year to continue to test the 1,04, the long term support line for eurusd. Considering the Holiday season, the volatility was relatively low. Trading range was within the spread of 1,0385 up to 1,044. The relatively low trading volumes did not manage to push the currency pair clearly below the 1,04 level, however, the pressure was holding from the previous weeks. The RSI was calm around the 40 level, without a strength to pass the 50 line and head toward the overbought market side. The MA50 continued to diverge from its MA200 counterpart, without any indication of a potential slowdown. The week ahead is also going to be a calm one. It could be expected that the eurusd will finish the year somewhere around the 1,04 level. Looking at the longer term scale, a potential break of the 1,04 level in 2025 would mean a clear road toward the parity. However, what will be the actual course of the currency pair would depend on a series of factors, including interest rate decision by both Fed and ECB, potential for economic growth, inflator pressures and unfortunately, geopolitical risks which are highly impacting markets for the last two years. Global trade and energy prices are also one significant factor which should be closely watched in 2025, hence its potential impact on both inflation and economic growth. Important news to watch during the week ahead are: EUR: HCOB Manufacturing PMI final for December for Germany and the Euro Zone, Unemployment Rate in Germany in December, HCOB Composite PMI final for December for both Germany and the Euro Zone, Inflation rate preliminary for December in Germany, USD: S&P Global Manufacturing PMI final for December, ISM manufacturing PMI for December, S&P Global Composite PMI final for December.
by XBTFX
Gold Price Consolidates Near $2,620The gold price (XAU/USD) is in a consolidation phase around $2,620.00, showing a recovery session from previous declines, although trading volumes remain light due to the upcoming New Year holiday. On the support side, key levels are found at the exponential moving averages ($2,625 and $2,630), with a risk of further bearish pressure if these levels are breached, potentially driving the price toward the monthly low of $2,580. Uncertainties tied to the economic policies of the incoming Trump administration and the Federal Reserve’s cautious stance on rate cuts for 2025 represent a mix of potential bullish and bearish catalysts. The precious metal could benefit from safe-haven demand in the context of escalating geopolitical tensions, such as the Russia-Ukraine conflict and ongoing unrest in the Middle East, which continue to fuel risk aversion sentiment. Gold closed 2024 with a 27% gain, driven by central bank purchases, geopolitical tensions, and accommodative monetary policies. However, the strengthening dollar and higher U.S. Treasury yields have capped further advances. The Dollar Index (DXY) remains near its highs, but the decline in 2- and 10-year Treasury yields could support the metal despite the outlook for more limited rate cuts in the coming year.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
Fundamental Market Analysis for December 30, 2024 EURUSDThe EUR/USD pair has risen for the third consecutive day, trading around the 1.04300 mark during Asian hours on Monday. This rise can be attributed to the remarks made by Robert Holtzmann, a member of the Governing Council of the European Central Bank (ECB).On Saturday, the ECB's Holtzmann said that the central bank's next interest rate cut could be more protracted after the recent rise in inflation, as reported by Reuters. He also said: 'I don't see a rate hike at the moment'. 'One plausible scenario is that Trump's tariffs will lead to slower growth overall and also create inflationary pressures'. Moreover, the upside potential of the EUR/USD pair could be limited as markets continue to digest the US Federal Reserve's (Fed) aggressive bias.The Fed cut the benchmark interest rate by a quarter point at its December meeting, and recent dot plots point to two rate cuts next year. However, earlier this month, Fed Chairman Jerome Powell indicated that officials will be cautious about further rate cuts after the expected quarter-point rate cut.The Fed's aggressive outlook is likely to support the US dollar and boost EUR/USD in the near term.Economists generally expect the incoming administration of President-elect Donald Trump to implement tax cuts, tariffs and deregulation, measures expected to spur inflation. This could prompt the U.S. central bank to adjust its forecast for the coming year. Trading recommendation: We follow the level of 1.04000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
EURUSD 30/12/24We are back for one last market update before 2025 is here! Due to low market volume we still have the same markup here on EU this brings us to the same ideas and same setups the we had from last week, because we are so close to the new year we know volumes are low and liquid will not likely be running at its normal levels leading us to believe, these areas may remain into the new years trading session. *last weeks markup information for more context on the chart. EUR/USD Update: Final Week of Trading Before the New Year As we head into the last week of trading before closing shop for the year, here’s a recap and outlook: Last week, we called a short after identifying our "money out" level. With a daily bearish bias and liquidity sitting above the highs, we outlined a clear sell scenario. The market delivered exactly as expected. Looking ahead to this week, our bias remains unchanged, and the principles stay the same. We are targeting deeper moves lower, focusing on the daily low at the base of the current range. Following the same approach, we anticipate the highs to be swept first, creating opportunities to enter and ride the price down to key lows. Currently, we have a potential high forming near the centre of the range, but this is unconfirmed for now and remains a possibility. Keep an eye on all the marked highs—we’re waiting for a sweep of these levels, which could trigger the final market move of the year. If an entry presents itself, we’ll look to trade lower. Stay disciplined, trade your plan, and manage your risk.
by PipSurfingSociety
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd. USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure. A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside. Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. 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. I will not and cannot be held liable for any actions you take as a result of anything you read here. 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.
by RT_Money
Bearish drop off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support which is a pullback support. Pivot: 1.0466 1st Support: 1.0333 1st Resistance: 1.0609 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
Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.04543 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.0534 Why we like it: There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 1.0352 Why we like it: There is a pullback support. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
GOLD IN CORRECTION FOR SELLOnly weekly is in buy but it give sub choch for sell which is day sell CHOCH in day retracement also gives day sub choch for sell now gold in day sub choch retracement confirm point strgy if above 2608 it will continue to 2650-2660 which is day sub choch 50% fibo zone then if we got 4hrs revers sell point on there we can place sell order on there other wise we must wait 2717-2725 extreme sell area(day sub choch OB) then we place aggressive entry on there if market opens below 2608 our buy entry should be 2587 sl 2580 and sell analysis will be same week=BUY Day= sell and Retracement buy 4hrs-15mins-1min=buy THIS ANALYSIS MAY CHANGE AFTER MARKET OPENS
OANDA:XAUUSDLong
by SATHAYAM_ACADEMY
EURO - Price can bounce up from triangle to $1.0480Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside a falling channel, where price fell to resistance level and some time traded between. Then EUR fell to support line of channel, but soon backed up to $1.0500 level and continued to trades between it. Later, price rose to resistance line and then made downward impulse, thereby breaking $1.0500 level and exiting from channel. Next, Euro continued to fall inside triangle, where it first fell to support line, breaking $1.0400 level. But soon, price rose to $1.0400 level and some time traded near, after which broke it and rose to resistance line. So, I think Euro can little correct and then bounce up to $1.0480, exiting from triangle pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD's downward trend remains unchanged. EURUSD's downward trend remains unchanged. The previous hourly trend touched the bottom support of the downward channel at 1.035 and rebounded. After four rebounds, the price reached the upper edge of the channel. If this position is broken, it will be strong in the short term. Follow-up test above the trend channel. The short-term rebound trend presents an ascending triangle structure, with the support of 1.04 below. If this position is broken, the trend will return to the hourly downward channel, and the price will return to the bearish trend again, and the downward space will be further expanded. It is expected to test the early 1.035 and 1.02 in the future. Overall, EURUSD rebounded for the fourth time and fell back under pressure. If you continue to go long near the resistance level above, there is a risk of falling back. It is more stable to participate in the long position layout after the price breaks the hourly downward channel. Short positions can be participated after falling back and breaking 1.04, and aggressive ones can participate near 1.044.
by RonPeter_Trading
1