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EURUSD

Hellena | EUR/USD (4H): Long to Resistance area 1.06898.Dear Colleagues, I see a continuation of the upward movement in the coming week. I believe that wave “1” and wave “2” of the higher order have been completed. Wave “2” of the lower order is either already completed or will be completed soon. I expect that either from the current positions or from the area of 1.04850 the price will start an upward movement to the resistance area of 1.06898. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
19
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.067. On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044. But, technically, the retest of 1.067 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout. Resistance levels: 1.067, 1.965, 1.076 Support levels: 1.0448, 1.0331 Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
by MarketAnalyzar
EUR/USD 15-Minute Analysis: Breakout Opportunityn the 15-minute time frame, EUR/USD is approaching a purple resistance zone. Here's my idea: Entry Plan: If the price breaks out above the purple resistance with confirmation, it could provide a long entry opportunity. First Target: The next resistance level in the pink zone. Key Caution: Be mindful of the black line, where the Point of Control (POC) is located. This could act as a key level of reaction. Monitor price action carefully as we approach these levels to confirm the breakout and validate the move. Let me know your thoughts! 👍
Long
by WaveRiders2
EURUSD Technical Analysis: Bullish Reversal SetupEURUSD Technical Analysis: Bullish Reversal Setup Market Outlook: Potential Bullish Trend Emerging The EURUSD pair is showing promising signs of a significant trend reversal, with multiple technical indicators pointing to a potential bullish momentum in the near term. Traders should pay close attention to key support and resistance levels that could define the market's next move. Key Technical Levels - Support Level: 1.0520 (Potential Bullish Reversal Zone) - Critical Support: 1.0330 (Trend Invalidation Point) - Potential Bullish Target: 1.3200 Pattern Analysis The market has completed a clear ABC corrective pattern, setting the stage for a potential five-wave impulse move to the upside. This technical formation suggests a strong possibility of a trend reversal and subsequent bullish continuation. Trading Considerations 1. Entry Zone: Traders should watch the 1.0520 area carefully. This level represents a critical support zone that could trigger a bullish reversal. 2. Risk Management: The 1.0330 level serves as the trend invalidation point. Any sustained break below this level would negate the bullish scenario and require a reassessment of the market structure. 3. Upside Potential: The long-term bullish target remains at 1.3200, offering a substantial potential profit range for traders who can successfully navigate the initial reversal. Trading Strategy - Wait for confirmation of the bullish reversal around the 1.0520 support level - Look for clear five-wave move to the upside - Implement strict stop-loss measures below the 1.0330 invalidation point - Consider partial profit-taking at significant resistance levels As with all trading strategies, this analysis is not a guarantee of market movement. Traders should: - Use proper risk management - Implement stop-loss orders - Consider multiple timeframe analyses - Be prepared for potential market volatility Conclusion The EURUSD pair presents an intriguing bullish setup with well-defined technical parameters. Traders should remain vigilant, watching for confirmation of the proposed bullish reversal and the subsequent five-wave move. Always conduct your own due diligence and consult with a financial advisor before making trading decisions.
Long
by Akshulive
#EURUSD - 12122024I was bearish EURUSD for a move lower yesterday, then a bounce off 1.0476 strong level. EURUSD did not go up to 1.05552 sell level but we got a nice level to level move, from PZ to 1.0494, bounced back down before a move back down. Yesterday closed as a red day. I did said on weekly, we could see an up from here, but based on price action, I do not see a low yet. Thus IMO, I am looking at 1.0514 to hold for a move lower to 1.0476. IMO, if we are to get a low, we should see a clear reversal candle.
by FadeMeIfYouCan
FORECAST UPDATES: Post CPI Results. Did We Get The Bias Right?Wednesday Dec. 11, 2024. This is the Mid-Week Progress Report. Checking the accuracy of the Weekly Forecast and the Updates video posted yesterday. 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. Thank you so much! 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.
COMEX:HG1!
by RT_Money
USD/JPY awaiting the FED!The USD/JPY exchange rate as of December 12, 2024, reflects an increase of approximately 0.4%, reaching 152.50, driven by November's U.S. inflation data and expectations surrounding Federal Reserve monetary policy. The published data shows a 0.3% monthly rise in headline CPI, slightly above the 0.2% consensus, while core CPI remained stable at 0.3%. On an annual basis, headline inflation rose to 2.7% from 2.6%, and core CPI was steady at 3.3%, in line with projections. These results reinforce expectations for an interest rate cut by the Fed at the upcoming FOMC meeting, with an estimated 84% probability of a 25-basis-point reduction. Markets interpret the data as a sign that inflation is under control, potentially allowing the Fed to adopt a more accommodative policy to support economic growth. The 10-year Treasury yield, stable at 4.226%, indicates relative calm in bond markets, which may help limit volatility in the U.S. dollar. USD/JPY continues to benefit from the yield differential between U.S. and Japanese assets, supporting dollar strength. However, upcoming economic data, such as the PPI and initial jobless claims, will be crucial in confirming or adjusting market expectations. The 152.50 level represents a critical zone: a break above 152.80 could signal further bullish momentum toward 2024 highs, while a pullback might bring the pair to key support at 151.50. The current scenario suggests a consolidative phase, but incoming data and the Fed's decision will be pivotal in shaping future direction.
Long
by Forex48_TradingAcademy
1
DXY - 4H Dollar Index more FallTechnical Perspective: TVC:DXY experienced two significant bullish legs in October and November on the daily time frame. However, the index started to fall sharply at the end of November, and this bearish momentum remains strong. On the 4H chart, DXY reached a key resistance zone and faced a significant rejection with notable bearish momentum, signaling the continuation of the downtrend. The current movement indicates a high likelihood of further declines, potentially to the bottom of the trading range. Many USD pairs are at critical support or resistance levels, and expected reactions from these zones could amplify downward pressure on the DXY, making it increasingly vulnerable to a substantial fall. Fundamental Perspective: In December 2024, the bearish sentiment surrounding the DXY is driven by key fundamental factors. The Federal Reserve is anticipated to implement another 25 basis point interest rate cut during its December 18 meeting, following earlier cuts in September and November. This dovish policy reflects the Fed’s commitment to supporting economic growth amidst a slightly cooling labor market and growing global uncertainties. Adding to the pressure, inflation data showed a 2.7% year-over-year increase in November, a slight uptick from 2.6% in October. Despite this, the Fed remains focused on easing monetary conditions to mitigate recession risks. Additionally, the recent U.S. presidential election has raised prospects of fiscal policy changes, including proposed tax cuts and potential tariff adjustments, which contribute to market uncertainty and weigh on the dollar. These fundamental shifts align with the bearish technical setup, suggesting that the DXY’s downtrend is likely to persist in the near term. Keep an eye on upcoming Fed announcements and inflation data for further confirmation of this trajectory.
TVC:DXYShort
by Sober_Trading
ECONOMIC CRASH (PART 1), anticipatoryMARKET OVERVIEW Recent data analysis highlights a significant concern regarding the EUR/USD market. With historical precedents and critical market behavior, the possibility of a global economic decline of -16.38% seems probable. This aligns with currency fundamentals where EUR (Financial Capital) and USD (Currency Capital) maintain critical global influence. The EUR/USD market currently reflects bearish sentiments, with technical and fundamental indicators aligning toward potential downside risks. This is a pivotal time for traders to implement robust strategies, safeguard equity, and leverage automated tools for precision execution. Key Technical Levels Pivot High: 1.16164 Resistance: 1.13835 Support: 0.89311 Pivot Low: 0.86321 Trend Analysis: The overarching "Big Picture Curve" reflects a long-term downtrend, strongly indicative of a potential market crash. Oscillators: The oscillators currently show mixed signals, with a bias toward downtrend Relative Strength Index (RSI): 42.91 (Neutral) Momentum (10): -0.03028 (Sell) MACD Level (12,26): -0.00416 (Sell) Stochastic RSI Fast: 16.42 (Neutral) Moving Averages: All moving averages point to a downtrend, reinforcing the bearish outlook: EMA/SMA (10): Sell EMA/SMA (50): Sell EMA/SMA (200): Sell Ichimoku Base Line: Neutral Anticipated Market Behavior Given the alignment of bearish technical indicators and economic projections: A break below 0.89311 (Support) could accelerate a larger move downward, potentially confirming a secondary crash scenario or what I like to call a FAMINE (That'll be Part 2). Conservative traders should watch resistance at 1.13835, with invalidation of bearish outlook above 1.16164.
Short
by ProfessorCEWard
Gold currently trading near its resistance level Gold currently trading near its resistance level could lead to two possible outcomes: 1. Breakout Above Resistance: If gold's price moves above its current resistance level with strong momentum, it signals a bullish trend. Traders would then watch for the next resistance zone, which may act as the next upward target. 2. Rejection at Resistance: If the price fails to surpass resistance, it often results in a downward movement. The spot price (or the nearest support level) becomes the focus for potential stabilization or reversal. Current Context Spot Price: Gold is currently at $2,702 per ounce, a level influenced by both technical and fundamental factors like market sentiment and economic data. Level: Likely around $2,736 CAPITALCOM:GOLD , with higher levels at $2,804 if a breakout occurs. Support Levels: If a downturn occurs, support may exist near $2,607 or $2,532, depending on market pressures. Trading Strategy Confirm breakouts with high volume or sustained movement above resistance before assuming an upward trend.
CAPITALCOM:GOLD
by TRADE_CENTER_1
XAU/USD : Gold will pump to $2700 ? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is where the price will close in the next 6 hours. We might see an initial rejection, but due to recent developments in the Middle East and increased risk, further growth in gold prices is anticipated. Keep a close watch on gold's reaction to the levels of $2689 to $2695. This analysis will be updated moment by moment as the price moves! 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:XAUUSDLong
by ArmanShabanTrading
39
EURUSD What Next? BUY! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0513 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0538 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Fundamental Market Analysis for December 11, 2024 EURUSDEUR/USD lost around 0.2% on Tuesday, declining for the third consecutive day and hitting 1.0500 again, as the euro's bullish near-term recovery comes to naught. Ahead of the key U.S. Consumer Price Index (CPI) inflation figure due for release on Wednesday and the European Central Bank's (ECB) next meeting on Thursday, traders once again adopted a cautious stance. Wednesday's CPI inflation index will be one of the last key data points before the Federal Reserve's (Fed) last meeting in 2024. Signs that inflation progress has stalled could kill hopes for a third consecutive rate cut on December 18. With the current rate cut on Wednesday, U.S. CPI inflation for November is expected to rise slightly to 2.7% y/y from the previous reading of 2.6%, while core annual CPI is expected to remain at 3.3%. Traders estimate the probability of the last quarter-point rate cut this year at 85%. The ECB's latest rate meeting is scheduled for Thursday, and investors are widely expected to get another quarter-point rate cut. The ECB's main refinancing operations rate is forecast to be cut to 3.15% from 3.4% and the ECB deposit rate is forecast to fall to 3.0% from 3.25%. Trade recommendation: Watching the level of 1.0480, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
EUR/USD: Market Anticipation Ahead of Key Economic ReportsAs the London trading session unfolds on Monday, the EUR/USD currency pair is hovering around the 1.0580 mark. Investors are gearing up for significant economic events this week, including the highly anticipated US Consumer Price Index (CPI) report for November, set to be released on Wednesday. In addition, the European Central Bank (ECB) will announce its interest rate decision on Thursday, making this week crucial for market participants seeking insights into future monetary policy shifts. From a technical standpoint, the EUR/USD has shown a lack of substantial movement over the past week, remaining firmly below the 1.0600 resistance level. Traders are closely watching how the currency pair interacts with this barrier, as it could dictate the next direction for the market. With speculation surrounding a potential interest rate cut from the Federal Reserve later this month, Wednesday's inflation figures may be the crucial factor influencing the Fed's decision. Analysts predict that the annual consumer price inflation will slightly increase to 2.7% year-over-year in November, up from 2.6% in October. Moreover, the core inflation rate, which excludes the often-volatile categories of food and energy, is anticipated to hold steady at 3.3% year-over-year. Given the current landscape, our strategy is to remain on the sidelines as we await the CPI data on Wednesday and the Unemployment Claims report on Thursday. While our overall bias leans bearish, we believe it is prudent to refrain from taking any positions until the price potentially approaches a significant demand zone. This approach allows for a more informed entry that aligns with market developments. In summary, the EUR/USD is at a critical juncture as investors anticipate key economic reports that could have lasting effects on the currency pair's trajectory. With the market sentiment leaning toward caution, all eyes will be on the data releases this week. ✅ 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.
by FOREXN1
1
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone. Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart. The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase. The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level. With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
by Mihai_Iacob
7
Market Analysis: EUR/USD Faces ResistanceMarket Analysis: EUR/USD Faces Resistance EUR/USD extended losses and traded below the 1.0550 support. Important Takeaways for EUR/USD Analysis Today - The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar. - There is a key bearish trend line forming with resistance at 1.0545 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0635 resistance. The Euro started a fresh decline below the 1.0550 support against the US Dollar, as mentioned in the previous analysis. The pair declined below the 1.0520 support and the 50-hour simple moving average. Finally, the pair tested the 1.0500 level. A low was formed at 1.0498 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped. There was a minor increase above the 23.6% Fib retracement level of the downward move from the 1.0594 swing high to the 1.0498 low. Immediate resistance on the upside is near the 1.0545 level. There is also a key bearish trend line forming with resistance at 1.0545 and the 50-hour simple moving average. The next major resistance is near the 1.0570 zone or the 76.4% Fib retracement level of the downward move from the 1.0594 swing high to the 1.0498 low. The main resistance sits near the 1.0590 level. An upside break above the 1.0590 level might send the pair toward the 1.0635 resistance. Any more gains might open the doors for a move toward the 1.0675 level. On the downside, immediate support on the EUR/USD chart is seen near 1.0520. The next major support is near the 1.0500 level. A downside break below the 1.0500 support could send the pair toward the 1.0445 level. 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