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Lingrid | EURUSD reached DEMAND zone. Possible LONGFX:EURUSD has reached the psychological level of 1.0500. On the 1H timeframe, the market has formed a double bottom pattern. Currently, the price is moving sideways above this psychological level, which may indicate a slow down in selling pressure. It's worth noting that the price surged from the support zone about a year ago, which we can refer to as a demand zone since the price has returned to it after one year. I believe the market could create a complex pullback, especially considering that the TVC:DXY has reached a strong resistance zone. I anticipate some reaction from this zone, with the price likely pulling back toward the downward trendline. My goal is resistance zone around 1.06350 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
EUR/USD LONG: The circus is back in townHello traders DISCLAIMER: I am publishing my idea based on historical events, not on a partisan basis. My political affiliation is not important. What is important, is history and how it repeats itself. This article sums up how I feel about the US election. www.tradingview.com I believe the "Trump trade" has already started to wind down but is far from over. The next four years and a bit will have daily headlines about disruptive, chaotic and sometimes ridiculous actions from the new administration. And probably some more scandal too. Nothing has changed. Trump is not even inaugurated yet and he is already taking a sledge hammer to our public health system. Remember how he downplayed COVID 19? "Oh, we'll have a few cases" A MILLION+ American citizens dies because of his inaction. And here we have RFK Jr., a known anti-vaxxer nominated as the Head of Human and Health Services. I believe in science and this is a slap in the face for a massive number of highly educated medical professionals and researchers. Or maybe just another way to cut public health spending since he will never be able to kill the ACA(Obama Care) as he has promised numerous times over the last 8 years. And Matt Gaetz as AG? Republican senators did not know he was a lawyer. Aileen Cannon in the wings? I am not digressing: I am trying to hammer home a point about what is to come and how it will affect the USD. Investors have been wowed with the stellar performance of the US stock markets as they should have been. But American exceptionalism may take a hit over the next 4 years since the twin deficits and increased inflation will come into focus again if Trump Tariffs are implemented. Interference and pressure on the Federal Reserve's independence is all but guaranteed. The EURO is fundamentally at a disadvantage but technically it has found some support on the charts. Best of luck all. Gold seems to have found support and the DXY is retreating from the 10/23/2023 high. I have taken a long position at 1.0533.
Long
by jvrfxalerts
3
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
Will we witness parity in EURUSD?EURUSD - Daily analysis and trading strategy. The new week begins with the G20 meeting in Brazil. It is possible to outline new directions for the development of the world, especially in the hotspots Ukraine and Israel. On Monday, the ECB's President Lagarde speech is expected, where it should become clear whether there will be a change in interest rate policy in Europe after the election of Trump. Lagarde is likely to hint at a cut in the key interest rate. The tariffs that the new team in the White House is expected to introduce to Europe and especially to its industrial part, such as Germany, are already having an impact. Factories will not be able to compete with Chinese and American goods. In addition, the market for goods from Europe is constantly shrinking, and the quality is falling. Currently, 41.5% of German companies report a lack of orders. This percentage will increase significantly in early 2025. A number of manufacturers from Europe are thinking about where to go. Possible locations are the United States, China, and possibly other countries such as Turkey and Southeast Asian countries. The euro has no chance in the near term. The probability of Euro/Dollar parity is very likely even before January 20, 2025 (Donald Trump's Inauguration). Therefore, our strategy remains to sell the euro with the aim of parity and down. If you are entering the market now, wait for the slight upward correction of 50-80 pips to re-open a short position. For this week, we expect the dollar to take a lead of 100-130 pips against the Euro.
Short
by World-Signals
1
What I wish I knew when I started Trading1. Study and Trade One Pair Only Focusing on a single currency pair can streamline your learning and help you master market dynamics. 🔸Choose a Pair: Start with major pairs like EUR/USD or USD/JPY. These have high liquidity and predictable patterns. 🔸Understand Its Behavior: Learn the fundamentals and technical characteristics of the pair, such as its volatility, reaction to news, and typical trading hours. 🔸Backtesting and Practice: Use historical data to understand how the pair moves under different market conditions. 2. Losses Are Part of Trading No trader is immune to losses. Handling them effectively is crucial for long-term success. Mindset: 🔸Accept Losses as Learning Opportunities: View losses as part of the cost of doing business, akin to inventory in retail. 🔸Detach Emotionally: Avoid the temptation to revenge trade or let losses affect your confidence. Practical Strategies: 🔸Set Risk Parameters: Only risk 1-2% of your trading account per trade. This limits the damage of a losing streak. 🔸Use Stop Losses: Predetermine the point at which you will exit a trade if it goes against you. This protects you from devastating losses. 🔸Keep a Journal: Document each trade, including reasons for entering, outcomes, and what you learned. Over time, patterns will emerge to guide improvement. 3. Develop Discipline and Patience 🔸Stick to a Trading Plan: Define your entry, exit, and risk management strategies before trading. 🔸Trade Less, Win More: Focus on high-probability setups instead of trading excessively. 🔸Give Yourself Time: Mastery in Forex trading can take years. Trust the process and aim for consistent improvement. 4. Build Resilience to Handle Losses Self-Care: 🔸Step away from the charts after a big loss to regain perspective. 🔸Engage in activities that reduce stress, like exercise or meditation. Review and Improve: 🔸Evaluate losing trades to identify errors. 🔸Adjust your strategy if recurring issues are found. 🔸Focus on the Big Picture: 🔸Track your performance over months or years, not days. This helps put individual losses into perspective.
Education
by ProjectSyndicate
13