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EURUSD trade ideas

Retracement Strategy for Short-Term Correction in Bearish MarketFX:EURUSD Analysis of the Chart: Overall Trend: There’s a clear downtrend after a peak around the 1.1250 level. The pair has broken below key supports, indicating a bearish movement, with some signs of consolidation at the current level. Fibonacci Retracement: A Fibonacci retracement is applied from a previous high to the current low of the bearish move, highlighting potential levels where the price might correct: 38.2% retracement at 1.0963 50% retracement at 1.1015 61.8% retracement at 1.1057 These levels could act as resistance points where the price might reverse after a short-term rally, allowing the market to "breathe" or correct before continuing downward. RSI (Relative Strength Index): The RSI is around 31, indicating that the market is oversold. This is a typical sign that a short-term bullish correction may occur before the price resumes its bearish trend. Proposed Strategy: Market Correction & Retracement: Since the RSI is signaling oversold conditions, the market is likely to correct upward. The Fibonacci levels (particularly the 38.2% or 50%) are good areas to target for a potential retracement. The 38.2% level at 1.0963 seems like a reasonable target for the price to rally before finding resistance. Bearish Continuation: Once the retracement reaches one of these Fibonacci levels, you could look for a reversal signal (e.g., candlestick patterns or trendline resistance) to re-enter a short position. The overall structure points to a continuation of the bearish trend, especially with the double top formation visible, suggesting further downside potential. RSI as Confirmation: Use the RSI to confirm the retracement. If it climbs but stays below 50, this would reinforce that the move is a correction and not a trend reversal. A break below previous lows after the retracement could be a strong signal to go short. Conclusion: Expect a short-term rally toward the Fibonacci retracement levels (1.0963 or 1.1015), given the oversold RSI. After this retracement, look for a bearish reversal and enter short positions as the downtrend resumes. Monitor the RSI to confirm that the correction is limited and not a full reversal. This strategy aims to take advantage of the market's temporary "breathing" period before the downtrend continues.
Short
by yashida
5
EUR/USD Technical Analysis: (READ DESCRIPTION)EUR/USD Technical Analysis: Bearish Momentum in Focus Pivot Point: 1.0840 The pivot point at 1.0840 acts as a crucial resistance level for the EUR/USD pair. As long as the price remains below this level, a bearish outlook is favored in the near term. Our Preference: Short Positions Recommended Trade: Short positions are preferred as long as the price stays below the 1.0840 pivot. The expectation is for a downward move toward key support levels. Target Levels for Downside Movement: First Target: 1.0800 This is the initial support level, where traders may consider taking profits or evaluating a potential further decline. Second Target: 1.0780 If the first target is breached, the pair could extend its losses toward 1.0780, signaling further downside pressure. Alternative Scenario: Upside Risks If the price rises above 1.0840: Bullish Outlook: First Target: 1.0855 Second Target: 1.0870 These levels represent potential resistance areas that could be tested in the event of a bullish reversal. Technical Insights: Bearish Signal: As long as the resistance at 1.0840 remains intact, the likelihood of a break below 1.0800 is significant. The downside momentum appears strong, with the price struggling to breach higher resistance levels.
by CharivapaAlgo
EUR/USD - Moving Up#trading_idea #EURUSD 💡 💸 Euro Outlook On the 1H chart, the price is rising towards resistance zone at 1.085, signaling bullish momentum. The Stochastic and Bull Bear Power confirm growing movement, while recent bullish candles suggest further upward potential. 🔼If the price breaks up the resistance at 1.085, further rise towards 1.087 is likely. 🔽Alternatively, If the price recoils to the 1.082 support and lower. 🔷 😎 Choose "👍" if you expect a price will rise and "👎" if you expect a decline. ➡️➡️📲 TRY SABIOTRADE NOW
Long
by sabiotrade
Lingrid | EURUSD trend CONTINUATION OpportunityFX:EURUSD has moved lower, testing the August opening price level following the news that pushed the the market downward. The market is making lower lows, and it is likely to reach the round number at 1.0800. The market recently bounced off the 1.08100 level, presenting an opportunity for a pullback trade. Currently, the price is pulling back to a resistance zone and a downward trendline. If the price rejects this zone, we can anticipate a continuation of the downtrend. However, since today is Friday, the market may trade sideways. My goal is support level at 1.08100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6
Heading into 61.8% Fibonacci resistance?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0849 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.0869 why we like it: There is a pullback resistance level. Take profit: 1.0810 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
EUR/USD: Watch for the Rebound!EUR/USD began the week on a bearish note, hitting 12-week lows near 1.0800 as the US dollar remains strong, supported by solid economic fundamentals and rising US yields. Key support levels are at 1.0811 and 1.0775, while major resistance is seen at 1.0930 and 1.1040. The macroeconomic backdrop favors the dollar, with the Fed remaining cautious on rate cuts, and the ECB, despite a recent rate cut, facing weak growth and declining inflation. A drop below 1.0800 could accelerate losses, while a recovery above 1.0875 would be the first positive signal.
Long
by Forex48_TradingAcademy
1
New lows coming , but it can pullback from thereMassive retail long positions must be liquidated, there is a news coming and I think these can be used for this. Then we can get pullback. I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
by Dave-Hunter
7
EURUSD H4 I Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0775, which is an overlap support that aligns with 161.8% Fibo extension Our take profit will be at 1.0866, an overlap resistance. The stop loss will be placed at 1.0720, which is an overlap support level. 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, previously FXCM EU 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.
Long
by FXCM