EURUSD breakdown targets the 161% extIntraday Update: The EURUSD continued to carry out fresh lows following last week's bearish close. The 161% extension of the Oct 23rd lows to Nov 5th highs comes in at 1.0653. Intraday RSI's are oversold.
EURUSD trade ideas
Brace for Impact: EURO Set to Plunge Amid Economic Woes
The Euro (EUR/USD) has recently experienced a significant decline, currently
positioned in a strong bearish trend. After breaking below crucial support
levels, sentiment around the Euro has turned decidedly negative, with the
currency reflecting concerns over European economic instability.
Key Actionable Insights and Takeaways Specific to EURO
- The Euro is grappling with a potential fall to the 1.07 mark and may
ultimately approach 1.06.
- Economic fears, including a looming European recession, are contributing to
the pessimistic outlook for the Euro.
- Investors should closely monitor these developments and adjust their
strategies accordingly, particularly if engaging in trading decisions involving
the Euro.
Sentiment Analysis Results for EURO
- Current Sentiment: -19.0
- Last Week's Sentiment: -4.58
- Sentiment Change: -14.42
- Total Mentions Across All Sources: 120
Summary of Expert Opinions on EURO
Experts express caution with respect to the Euro, pointing to the possibility of
prolonged declines in value due to adverse economic indicators and sentiment
shifts. The bearish outlook is underscored by predictions of more substantial
drops if current economic trends persist.
Notable Technical Insights
Based on the wisdom of all professional traders, for next week:
- Target 1: 1.0661 (a key shorting target)
- Target 2: 1.0582 (longer-term downside target)
- Stop 1: 1.0782 (a critical level to watch for inadequate performance)
- Stop 2: 1.0800 (another level to consider if shorting)
Notable News or Events Affecting EURO
Recent market sentiment has highlighted a reluctance from investors to hold
positions in the Euro amid global trade concerns and anticipated inflationary
policies that could worsen economic challenges in Europe. Furthermore, the shift
of investments towards the US market, driven by concerns around tariffs and
economic policy changes, has also been detrimental to the performance of the
Euro.
EURUSD: Intraday Trend Reversal PatternFollowing the low established on Wednesday, 6th November 2024, we have observed a completed bullish wave structure. Subsequently, the price traded the low at 1.0682, forming a bearish completed wave pattern. Based on this price information, a bullish phase is anticipated in the next movement.
We are entering a buy position, anticipating increased buying momentum at 1.0682, which could propel the price past the nearest internal momentum high of 1.0727. If this trade materializes, 1.0824 will serve as our momentum high target.
Stop Loss: 1.0676
Happy Trading!
EURUSD trade setup battle:-Today Euro made 3 months low with also break previous low and holding side . There we can setup a loss free trade setup ::-
Euro have strong support levels @ 1.06000 .
So we have to build buy and sell both position at this time :-
First we have to buy and sell on same strike price with same quantity and hold for target 1.06000 $ than we exit from sell side we get our target and hold buy position for target 🎯 1.08000 level.
Stay tuned with me for more updates and follow me.
EURUSD Still bearish EURUSD seems like it could easily collapse if it breaks below 1.067 , if it will fail it might go up but all signs show a potential sells
Read the EURUSD MarketLet's Look at EURUSD Chart and Read The Market From Highest Scale to the Lowest, and find some trade opportunities for next Days, Good Luck With Your Trades <3
EURUSD: markets favour USD, againThe US Presidential elections were the major event during the week for financial markets. Investors were satisfied with the elected candidate as almost all markets ended the week in green. The US Dollar also gained in strength. The FOMC meeting was somehow left in a shadow of the previous event. The Fed cut interest rates by another 25 bps, which was widely expected by markets. As for other macro news posted during the previous week, the ISM Services PMI in October reached the level of 56, which was higher from market expectation of 53,8. Michigan Consumer Sentiment preliminary for November was standing at 73,0, higher from market estimate of 73.
Factory orders in Germany jumped to the level of 4,2% in October, which was significantly higher from market consensus of 1,5% and also from previous month of -5,4%. The HCOB Services PMI for October reached the level of 51,5 in Germany and 51,6 in the EuroZone, where both figures were modestly above market estimates. The Balance of Trade in Germany slowed down in September to the level of 17B Euro, from 21,4B posted for the previous month.
The US Presidential elections in combination with the Fed's another rate cut, pushed USD to the higher grounds, reaching 1,068 against euro at Wednesday trading session. After that, the currency pair reverted to test 1,08 resistance line, however, it ended the week at the level of 1,0718. The RSI is quite close to the oversold market side, however, at the level of 37, there is some space further for the downside, until the clear oversold side is reached. The moving average of 50 days is strongly converging toward the MA200 counterpart, suggesting that the cross might come in the near term.
Markets are currently favouring USD in expectation of the positive future results of the new US administration. Despite the current hype, some risks exist, which are mostly related to the fiscal side of the US economy and eventual inflationary pressures from introduction of tariffs on foreign goods, economists warn. As for the week ahead, the eurusd will spend time testing 1,07, a short term support line, with some probability that the currency pair might head toward the 1,06 support line, where it will end the current cycle. On the opposite side, a potential for a short term reversal holds. There is some probability that the resistance line at 1,08 might be tested for one more time.
Important news to watch during the week ahead are:
EUR: Inflation rate in Germany final for October, ZEW Economic Sentiment Index in November for both Germany and the Euro Zone, GDP Growth rate in the Euro Zone in Q3, second estimate,
USD: Inflation rate in October, Producers Price Index in October, Fed Chair Powell speech, Retail Sales in October, Industrial Production in October
EUR/USD: Euro Struggles Amid UncertaintyThe EUR/USD pair continued its decline for a second consecutive session, trading around 1.0720 during Monday's Asian trading hours. The pair was pressured by a stronger U.S. dollar and political uncertainty in Germany.
If Trump's fiscal policies are implemented, they could boost investment, spending, and labor demand, raising inflation risks. This might lead the Fed to adopt more restrictive monetary policies, strengthening the dollar and further pressuring EUR/USD.
Currently trading near 1.07, the pair could decline further if the Fed continues to tighten monetary policy. However, technical indicators hint at a potential mild recovery.
The near-term outlook for EUR/USD depends on signals from the Fed and ECB interest rates. While the ECB maintains its accommodative monetary policy, strong regional data or any Fed policy shifts could support a short-term rebound in EUR/USD, despite ongoing market volatility.
EURUSD InsightHello, subscribers!
Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points:
- The Fed cut rates by 25 basis points, with Chair Powell expressing a positive outlook on the current U.S. economic situation.
- Improvement in U.S. consumer confidence.
- The "Trump trade" remains strong.
- Weakening of the yuan amid disappointment over China’s response to local government debt issues.
Major Economic Indicators:
- November 12: Germany’s October Consumer Price Index (CPI)
- November 13: U.S. October Consumer Price Index (CPI)
- November 14: U.S. October Producer Price Index (PPI)
- November 15: Speech by Federal Reserve Chair Powell, Japan’s Q3 GDP, U.K. Q3 GDP, U.S. October Retail Sales
EUR/USD Chart Analysis: With the lower support line breaking down, EUR/USD has retreated to the 1.07000 level. The chart indicates a break from the upward trend, suggesting that EUR/USD could further decline to the 1.04500 level. A bearish outlook is expected to persist in the short term.
#EURUSD - 11112024The sell level I gave on Thursday and which I re-iterate on Friday that EURUSD will go down first worked perfectly as it sold down to my price target. There was no buying reaction though from my decision level at 1.0740 as it closed near the lows but it is unable to make new lows.
As such, while I am cautiously bearish, I see a possible up move from here first. Thus look for short opportunities only between 1.0760/1.0780 for the move lower.
EURUSD ASIAN SESSION 3 PM (UTC-8) Hi the EURUSD numberes for today traders might be looking at are marked on the chart. Today is Sunday November 10th and the time is now 4:17 pm UTC-8 thanks.
EURUSD SELL MomentIt can be seen that the price is still in a bearish trend, forming Wave 3 at the Fibo extension 1.272 and confirming the Fibo retracement 0.50 to form wave 4, if you look at the H1 timeframe there is a momentum candle, the price will reach 1.07124 in wave 5
EURUSDAfter the sharp decline of the euro as a result of the increasing strength of the dollar following the American elections, the euro took its time to fall to 1.07, and this is a very strong support area.
We expect it to return to the 1.095 resistance area during this week
EUR/USD - Less Complicated Price Action To Come In The FutureLast weeks projection played out like a charm, sweeping sellside just after trump was elected to be the president of the USA.
Where will price gravitate to next?
Euro / U.S. Dollar | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
High Risk position about EUR/USDConsidering the economic conditions and the possible return of Trump, discussing such a move for the euro against the dollar takes a lot of courage. In fact, most major analyses disagree with this view.
However, with the current stop-loss, this is my personal opinion on this chart. If the outcome were different, it would significantly impact Japan and gold, creating unusual reactions. Let’s observe and see what happens, but if it turns out to be correct, you can give me credit. Based on the facts I have, this aligns well.
Let’s see how it plays out.
EUR/USDOn Daily chart, price is below 200, 50 & 20 EMA and broke through Support 1.0800. in 10 Minutes shows it's in correction and most likely will hit back 1.0800 to confirm and if it holds, it will go down potantially until 1.05000.
EUR/USD Pullback Presents Long OpportunityHello,
Despite the recent downside in FX:EURUSD following the U.S. elections, which pushed the pair lower than expected, sellers are now piling in heavily. However, this pullback has opened up a promising entry point for a long position. Happy trading!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EUR/USD Crash????We can a clear downtrend forming with pairs like the euro and the pound that go against the dollar. The Euro has shown clear signs of bearish downfall through the vast number of bos to the downside and the vast amount of liquidity below that needs to be taken.
In the first scenario we see the possibility that price may move up to fill the IMB taking out any early sellers before continuing in the downtrend targeting the EQL liquidity below.
In the second scenario which I believe to be more likely, we see the Euro drop taking out the EQL liquidity before having enough momentum to retrace into 4H IMB or fill the IMB and push up towards the 6H supply and then crash at least until the bullish momentum on the dollar dies down and markets begin to form clean market structure rather than such euphoric price action
EURUSD Is Very Bearish! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.071.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.059 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Day 88My backtesting takes so much time for completing each session, the quality is much higher but i cannot go for mor than one seesion in one day, i'm really satisfied with the results and the details that i have with my backtesting but i tryto wake up sooner to be able to backtest more sesssions as much as possible.
Sell eur/usdLooking for sells this week, market is bearish and want a retest of s/r entry after displacement to the downside
