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EURUSD.P trade ideas

EUR/USD Price Outlook: Navigating Key Resistance and Short-term EUR/USD Analysis for October 23: Recently, EUR/USD tested the key resistance area at 1.0800 but has since experienced a decline. The price is currently below a short-term downward trendline. If the exchange rate remains below 1.0800, it could lead to further downside, testing the recent low of 1.07898. Conversely, if it breaks above 1.0800, it could target the next resistance level at 1.0830. Our Trading System's 4-Step Process: Step 1: 📈 Trend: Capture the pulse of the market Step 2: 📍 Position: Pinpoint entry levels 🎯 Step 3: 💹 Attitude: Decode price behavior 📊 Step 4: 💹 Exit: Maximize profit potential 🏆 Once you learn how to read the charts, you’ll naturally recognize the short-term signals they provide.
Short
by Day_Trading_Attack_Penguins
EUR/USD - Daily Pivot Points AnalysisEUR/USD - Daily Pivot Points Analysis EUR/USD is currently developing below the Daily Pivot Point at 1.0811, indicating that bearish momentum is dominating this currency pair. Today, it could move down to Daily S1 at 1.0783, with the possibility for bulls to regain control and push the price back up to the Daily Pivot Point at 1.0811. Although the chances are lower for a test of Daily S2 at 1.0765 today, if this occurs, it could be another zone that pushes EUR/USD back up towards the Daily Pivot Point at 1.0811. This is the analysis I'm considering at the moment, as long as the price continues to develop in a clear bearish trend below the Daily Pivot Point. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
4
Fundamental Market Analysis for October 23, 2024 EURUSDEvent to pay attention to today: 17:00 GMT+3. EUR - ECB President Christine Lagarde Speaks EURUSD: On Tuesday, the EUR/USD pair saw further downside movement, retreating by an additional 0.16% and testing a key technical barrier that could potentially result in new 16-week lows if the euro price base is reached. On Tuesday, European Central Bank (ECB) President Christine Lagarde made several statements, but their content ranged from the mundane to the unremarkable, which had little impact on the euro's performance. In a statement released today, ECB President Lagarde said that the ECB was 'not dissatisfied with what she saw' but that the ECB 'cannot jump to the conclusion that the inflation target is a done deal'. This statement inspired absolutely no confidence in the euro and provided little guidance for currency markets, which are seeing the euro retreat against the dollar for the fourth week in a row. The release of global PMI data is scheduled for Thursday. Market expectations are high for the EU PMI results, with average market forecasts indicating a modest increase in October's EU services PMI from September's 51.4 to 51.6. Trading recommendation: We follow the level of 1.08000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
EURUSD Possible BUYThe market is currently testing the current Weekly Fib area 0.786 and 0.6. Based on Daily TF, the market seems to be forming a possible reversal chart pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
Potential bullish reversal?EUR/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.0775 Why we like it: There is an overlap support level that aligns with the 78.6% Fibonacci retracement. Stop loss: 1.0719 Why we like it: There is a pullback support level. Take profit: 1.0871 Why we like it: There is an overlap resistance level. 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.
Long
by VantageMarkets
Potential bullish reversal?The Fiber (EUR/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 1.0775 1st Support: 1.0720 1st Resistance: 1.0868 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.
Long
by ICmarkets
EURUSD: Recovery then decline?Hello dear friends! What do you think if EURUSD continues its downtrend in the future? This will be a long-term analysis for this currency pair. On the chart analysis: Ben sees that a double top pattern has formed (clearly indicated from the chart) which marks a strong fight from the sellers as they try to push the downtrend back. Furthermore, using Fibonacci retracement levels to measure the retracement of the first wave (blue area), the downtrend is expected to continue after reaching the 0.618 retracement level. If the price action of this currency pair plays out according to this trading idea, the 1.0910 and 1.0779 levels will be targeted by the sellers. What about you? How do you feel about the future trend of EURUSD? Share in the comments!
Short
by Bentradegold
Falling Fast: Is EUR/USD Aiming for New Lows?he weekly chart is showing strong bearish momentum after the break below the 1.08660 support level. Right now, price is sitting just above 1.08000, and that 200-day EMA (around 1.08711) above us is acting as strong resistance. With price breaking through the previous key support, this pair is in a clear downtrend. The next key level to watch is 1.07233, which could act as a strong support zone if we continue to drop. On the daily chart, price continues to grind lower, riding that downward channel, and we’re firmly below both the 21-day EMA and the 200-day EMA, which is only reinforcing the bearish sentiment. What I’ll be looking for is a clean retest of the 1.08660 level, which used to be support but now should act as resistance. If we get that retest and the bears hold, I’m jumping into a sell position with a target around 1.07233, and I'll keep an eye on price action for a further push to 1.0600 if the trend keeps pushing. On the 4-hour chart, EUR/USD has been in a clear downtrend, with price consistently making lower lows and lower highs. We see price respecting the 21 EMA, which is acting as dynamic resistance here. The most recent candles are showing some consolidation around 1.07980, indicating a potential brief pause before the next leg down. What I’m watching for on the 4-hour is a retracement back towards the 1.08660 resistance zone. If price pulls back to retest that zone and fails to break above it, that’s where I’ll be looking to re-enter short positions. The 200 EMA on this timeframe is still sitting higher up, so we’re in strong bearish territory with some room to go. If we don’t get a pullback, and price continues its descent, the next stop for sellers is the 1.07233 level. So, overall on the 4-hour, I’m eyeing that retracement for a clean entry or continuation down toward our take profit targets.
Short
by SheenaL
EURUSD with two probabilities for 10/23/2024EURUSD with a high probability to make the decision for 10/23/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24