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EURUSD

6 Things to Do before you start Investing and Trading1. Build an Emergency Fund ▪️Why it's important: Having an emergency fund ensures you have a financial cushion for unexpected expenses (e.g., medical bills, car repairs, job loss). Without this safety net, you may be forced to sell investments or go into debt if something unforeseen happens. ▪️How to do it: Aim for 3-6 months' worth of living expenses in a liquid, easily accessible account like a savings account. Focus on saving first before putting money into investments. 2. Pay Down High-Interest Debt ▪️Why it's important: High-interest debt, especially from credit cards, can severely hinder your financial progress. The interest on these debts is often higher than the returns you could earn from investments in the short term. ▪️How to do it: Prioritize paying off high-interest debts first (e.g., credit cards), then move on to other debts like student loans or car loans. Consider strategies like the debt snowball or debt avalanche method. 3. Define Your Financial Goals and Priorities ▪️Why it's important: Knowing what you're investing for (e.g., retirement, a down payment on a house, education, or travel) will help you choose the right investment vehicles and timeframes. It also provides motivation and direction. ▪️How to do it: Set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) financial goals. Break them down into short-term, medium-term, and long-term goals. This helps you align your investments with your needs. 4. Know Your Cash Flow ▪️Why it's important: Understanding your income and expenses is essential for managing your finances and determining how much money you can consistently allocate to investing. If you don't have a clear picture of your cash flow, you might overextend yourself or miss opportunities. ▪️How to do it: Create a monthly budget to track your income, fixed expenses, and discretionary spending. Consider using a budgeting tool or app to make this process easier. Be honest about where you can cut back to free up funds for investing. 5. Track Your Net Worth ▪️Why it's important: Tracking your net worth gives you a clear picture of your overall financial health. It's a snapshot of what you own (assets) minus what you owe (liabilities). This helps you measure your progress over time and adjust as needed. ▪️How to do it: List all your assets (e.g., savings, investments, real estate) and liabilities (e.g., mortgages, student loans, credit card debt). Update this regularly to see how your financial situation is evolving. You can use free online tools or apps to make this process easier. 6. Understand the Basics of Investing and Trading ▪️Why it's important: If you're going to invest or trade, you need to understand the fundamental principles behind both activities. This includes knowledge of risk, returns, diversification, asset classes (stocks, bonds, real estate), and how markets operate. ▪️How to do it: Read books, take online courses, or follow credible financial blogs and YouTube channels. It’s important to grasp concepts like risk tolerance, time horizon, and the different types of investments (stocks, mutual funds, ETFs, etc.). Understanding these principles will help you avoid common mistakes and make informed decisions.
Education
by ProjectSyndicate
5
WEEKLY FOREX FORECAST OCT.25-29th: Look to Sell EURUSD!The EURO is weak, and has been for quite some time. Parity may be the destination, as it underperforms against the USD. The key will be not trying to pick the bottom, but looking for the end of an inevitable pullback! That will be a high probability sell entry! This will be a classic ERL to IRL move. External Range Liquidity to Internal Rang Liquidity... back to External Range Liquidity (for the Lower Low). Check the comments section below for updates regarding this analysis throughout the week. 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.
CME:6E1!Short
by RT_Money
2
HelenP. I Euro will make move up and then continue to declineHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price entered to downward wedge, where it at once rebounded from the trend line and dropped to resistance 2. Then the price broke this level, after which turned around and rose back to resistance 2 and even rose a little higher. Euro some time traded inside the resistance zone, after which continued to decline inside the wedge, breaking resistance 2 one more time. Later price declined to one more resistance zone, which coincided with resistance 1, and then rebounded and started to trades near this area. Some time later, EUR reached the trend line, which is the resistance line of a wedge, and then turned around and continued to decline. In a short time, the price broke resistance 2 and dropped to the support line of the wedge, but recently it rebounded and started to grow. For this case, I expect that EURUSD will almost rise to the resistance level and then continue to decline inside a downward wedge. That's why I set my goal at 1.0300 points, which coincides with the support line of the wedge. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Eurozone PMI Contracts Amid Geopolitical TensionsThe Eurozone's PMI dropped to 48.1 in November, indicating contraction, with the services sector hit hardest. Simultaneously, the EUR/USD falls to $1.03327, nearing parity with the US dollar. This drop is further highlighted by the dollar index reaching over 107.5, its highest in two years, fueled by strong US economic data and safe-haven demand amid global uncertainties. The Eurozone faces heightened vulnerabilities due to geopolitical tensions, contrasting the robust US economic indicators. As traders eye potential parity in the EUR/USD, it's crucial to consider geopolitical developments and economic indicators. Understanding these dynamics can aid in gauging market movements and potential trading opportunities. For those trading forex, it's important to manage risks, as leverage magnifies both profits and losses. Be informed: stay updated with economic events, and consider using resources like tastyfx’s YouTube channel for strategy development. Always trade with caution, as past performance is not indicative of future results.
by tastyfx
TradeCityPro | EUR/USD : Bearish Momentum or a Reversal?👋 Welcome to TradeCity Pro! In this analysis, I want to review the EUR/USD currency pair for you. This analysis will be conducted on the daily timeframe, examining next week’s triggers alongside the DYX. 📅 On the daily timeframe, after ranging within the box of 1.04985 to 1.11893 for a long time, the box has been broken from below, and yesterday's and today’s candles are below the box. 🔽 The RSI oscillator is in the Oversell zone, and the critical support at 26.75 is the most important support in this oscillator. 🔑 If RSI support breaks, the probability of reaching the targets of 1.02612 and 1.00831 increases. 🧩 The SMA 25 indicator is very far from the candles, and since there is always an attraction between price and the average, there is a possibility of rest and correction until this average gets closer to the price. 🚀 If the price stabilizes above the support at 1.04985, the bearish scenario will temporarily fail, and the next resistances are 1.0666 and 1.09531. The main resistance is the ceiling of the box at 1.11893. 💲 The DYX index has also simultaneously broken its resistance and is moving towards the 110.404 target. 🎯 Currently, this index overlaps with EUR/USD, and if this index returns to the box between 100.254 and 106.884, EUR/USD will also return to its box. 📚 If it stabilizes below 104.436 and RSI reaches the 50 line, the bullish momentum in this index will disappear. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
3
EURUSD - Short Term Bullish Move Expected EURUSD looking to consolidate from agressive bearish move. Above levels are the targets and can give possible reversals. If the below support breaks, we should aim for a Short position. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Long
by MarketsPOV
EURUSD - Long Term ScenariosWe analysed EURUSD few days back and it was highlighting a Bearish move. This move is nearing completion but can take price further down to lower levels. A reversal at these levels and a MAs cross will confirm Bullish move. Please be cautious as we are reaching year end and also the price is in extreme low zones. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
by MarketsPOV
XAU/USD : Time For Some Correction ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant rally, we can start expecting a minor correction in the price. Be cautious, as gold's movements have been extremely volatile and risky these days. If you lack sufficient experience, you might end up losing your capital. Reduce your risk to a minimum, avoid trading through Market Execution, and preferably identify key levels in advance. Enter trades only when the price reaches those levels and triggers a suitable setup. The key supply levels are $2670-$2673, $2682-$2699, $2704-$2711, and the key demand levels are $2654, $2642, $2636, $2616, $2610, $2567. (This analysis will be updated.) 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:XAUUSDShort
by ArmanShabanTrading
10
EUR/USD Breaks 2023 LowEUR/USD Breaks 2023 Low Today’s PMI figures were released and came in worse than analysts’ expectations. The Flash Manufacturing PMI and Flash Services PMI for both Germany and France fell below the 50.0 threshold, indicating that Europe’s economy is slowing down. This weakened the euro further and exacerbated the situation on the EUR/USD chart, which has been in a downtrend since early October (as indicated by the red channel): → Earlier, support near the 1.0800 level (drawn through the spring-summer lows) was breached. → Today, the pair fell below the psychological level of 1.0500 and beneath the 2023 low. Bears appear to be in control, with EUR/USD trading near the lower boundary of the channel. Arrows on the chart highlight that both the channel median and the 1.0500 level are acting as resistance. On the other hand, bulls might find hope in the long lower shadow on today’s candle, which could signal emerging demand capable of providing support for the weakened euro. 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 can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
16
EURUSD H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price is approaching our buy entry at 1.0465, that aligns with the 127.2% Fibo extension Our take profit will be at 1.0516, that aligns with the 161.8% Fibo extension The stop loss will be placed at 1.0421, below 161.8% Fibo extension. 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. 68% 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. 73% 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.
Long
by FXCM
#EURUSD - 22112024I was wrong on the move for EURUSD, but levels worked well. Why so? I was looking at price to base from open and then move higher. Instead, EURUSD came down and tested the strong level at 1.0514 strong level perfectly which gave a good long for 30pips. But it was a case of a down move - bearish, and it made a lower high, a rejection off 1.054 strong level in confluence with and it sold down. From current move, I am looking for a move lower. Look to short off a pullback to 1.0514 for a move lower. DXY does look to want to go higher. Do note that now DXY strength is in confluence with indices strength.
by FadeMeIfYouCan