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Euro

HelenP. I Euro can fall to support zone and then start move upHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some days ago reached support 1, which coincided with the support zone and then at once made impulse down to support 2. After this, the price fell to the support zone, which coincided with support 1 and tried to rise, but later EUR turned around and declined more to the trend line, breaking support 2. Then price rebounded from the trend line and in a short time reached support 1, breaking it again and then making retest. After this movement, the Euro continued to move up and some time ago almost reached support 1, but then it declined back to the trend line. Price some time traded near this line and later made impulse up to support 1. Also, the price traded in a triangle pattern, but after impulse up to support 1, it exited from this formation and soon broke support 1. Then EUR entered to support zone, but soon price made a correction, after which the EUR made impulse up again. So now, I expect that the Euro will fall to the support zone and then rebound up. That's why I set my target at the 1.0985 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
EUR/USD Surges to Seven-Week High: A Retracement on the Horizon?The EUR/USD currency pair continued its upward momentum, surging to its highest level in seven weeks, surpassing the 1.09550 mark. However, as it nears a significant supply area, market analysts anticipate a potential pullback or retracement in the price. Following the March policy meeting, the European Central Bank (ECB) opted to leave key interest rates unchanged, aligning with market expectations. However, the revised economic projections revealed downward revisions to both inflation and growth forecasts for 2024. During the post-meeting press conference, ECB President Christine Lagarde acknowledged discussions regarding the possibility of scaling back the current restrictive policy stance. Lagarde emphasized the importance of being "sufficiently confident" in reaching the inflation goal and indicated that further data analysis would be necessary until the June meeting to determine the next policy steps. Despite the Euro's initial struggle to gain traction amidst the ECB event, the widespread selling pressure exerted on the US Dollar contributed to another upward surge in the EUR/USD pair during the latter half of the day. Alternatively, a strong push downward could be witnessed. As the market dynamics unfold, analysts are eyeing a potential retracement in the EUR/USD pair, targeting around the 1.0800 level. This retracement could serve as an opportunity for traders to reassess their positions and gauge the currency pair's future trajectory amidst evolving economic and policy developments.
Short
by FOREXN1
3
DXY Seems Likely to Show Some Mid-Term StrengthDXY has pulled back a lot as US bonds have ripped to the upside, however it would appear that the Yields may be setting up for a short term bottom which would result in the DXY coming back up. This would align with the Euro coming back down, but I'm not convinced the move up in DXY will be long-lasting, however I do think it will be notable enough to initiate some Bearish Reversals in Gold, BTC and the SPX and the completion of a potential Bullish 5-0 on the Euro which would take it to the 50-61.8% retrace down at around $1.08, before continuing to the upside.
CME:6E1!Short
by RizeSenpai
Euro can make little correction and then rebound up to 1.0940Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to fall from the seller zone, which coincided with the 1.0890 current support level, and in a short time, EUR fell lower this level, breaking it. After this, the price turned around and later entered to triangle, where the EUR rebounded from the resistance line and fell to the buyer zone, which coincided with the support level. After this, the price rebounded up to the resistance line, after which the Euro made a downward impulse to lower the 1.0750 level, thereby exiting from the triangle. Then price started to move up in an upward channel, where it in a short time broke the 1.0750 level and later reached the resistance line of the channel. After this movement, the Euro made a correction to the support line of the channel and then made an upward impulse to the seller zone, breaking the 1.0890 level, where it continues to trade to this day. I think that the Euro can make a little correction below the support level and then rebound up. For this reason, I set my target at the 1.0940 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
EURUSD → melikatrader analysishello everybody... as you can see the mid-term trendline broke and eurusd became bullish! I think in a lower time frame this pair is making a double bottom pattern in the flip area! therefore if the the price breaks up the neckline you can get a long position there! target1= 1.08984 target2= 1.09318 ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment Mar 3 Comment: the first target touched
Long
by melikatrader94
5
EUR/CAD Analysis: Daily Zones and Cautions Traders, Let's assess EUR/CAD's daily zones and accompanying considerations: Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions. Monthly RSI: Suggests a range zone, indicating potential stability. Weekly RSI: Indicates a potential bearish move, urging caution regarding long trades. Daily RSI: Signals more bearish days ahead, reinforcing the need for caution. Daily Chart: Presents a bullish channel, providing a potential avenue for upward movement. 1-Hour Chart: Identifies a buy zone around a broken level and a sell zone near the supply zone. Be mindful of these dynamics and ensure thorough analysis before entering trades. Best regards,
Short
by AliSignals
EUR/JPY H4 | Falling to pullback supportEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 161.964 which is a pullback support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 161.32 which is a level that lies underneath an overlap support that aligns with a confluence of Fibonacci levels i.e. the 38.2% retracement and the 100.0% projection. Take profit is at 162.920 which is a pullback resistance. 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. 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 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. 70% 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
EUR/USD Breaks Resistance:A Bullish Rally Amidst Dollar WeaknessThe EUR/USD pair has made significant gains, breaking above the key resistance level of 1.0850. This surge comes as the US Dollar struggles, while hopes for early rate cuts by the European Central Bank (ECB) diminish. The price action, as analyzed from our initial reference point, indicates a robust uptrend, with potential to surpass the next resistance at 1.0866 and target 1.0900. However, recent data from the Institute for Supply Management (ISM) paints a mixed picture for the US economy. The Manufacturing Purchasing Managers' Index (PMI) fell short of expectations, coming in at 47.8, signaling a contraction in the manufacturing sector. Additionally, the decline in the fresh factory orders index suggests a stall in the sector's recovery. Looking ahead, market focus will shift to Federal Reserve Chair Jerome Powell's testimony before Congress. Powell is anticipated to emphasize the importance of concrete evidence supporting the trajectory of inflation towards the Fed's 2% target. In light of these developments, we maintain a bullish outlook on the EUR/USD pair, having adjusted our stop-loss above the initial entry point to secure a small profit for now... Our Entry point was:
Long
by FOREXN1
1
EUR/USD Analysis: Potential Bullish Momentum AheadThe EUR/USD pair has demonstrated resilience, hovering around the 1.0850 level during the first half of Tuesday's trading session. This area of price has shown signs of rejection, indicating a possible bullish sentiment in the market. As the New York session unfolds, investors eagerly anticipate key economic data releases. The final estimate of the S&P Global Services Purchasing Managers' Index (PMI) and the Composite PMI, expected to confirm at 51.4 and 53, respectively, will provide crucial insights into the health of the services sector. Additionally, the Institute for Supply Management (ISM) is set to release the Services PMI, with forecasts suggesting a slight easing to 53.0 from the previous 53.4. These data points will likely influence market sentiment and contribute to shaping the direction of the EUR/USD pair. Positive readings could fuel optimism towards the Euro, potentially triggering a bullish impulse. In light of the current market dynamics and the anticipated economic data releases, our analysis suggests a possible bullish scenario for the EUR/USD pair. The 1.08900 resistance area emerges as a plausible target for bullish momentum. Traders should closely monitor the developments in the New York session for confirmation of this potential bullish move. However, it is essential to remain vigilant of any unexpected shifts in market sentiment or deviations from the forecasted economic data, as they could lead to reversals or fluctuations in the currency pair's trajectory.
Long
by FOREXN1
3
EURO - Price can correct below support level and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to $1.0865 level, which coincided with resistance area in falling channel. After this, EUR some time traded between this level and later broke it and fell below, but soon price tried to back up. Euro failed and declined to $1.0725 support level, which coincided with support area, after which price exited from channel. Then Euro started to trades in wedge, where it bounced from support line and made upward impulse, making fake breakout. Price reached $1.0865 level and even recently broke it, so at the moment EUR trades in resistance area. Possibly, Euro can correct below support level and then bounce up to $1.0945, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EUR/JPY H4 | Falling to overlap supportEUR/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 161.910 Why we like it: There is an overlap support level Stop Loss: 161.405 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Take Profit: 163.440 Why we like it: There is a swing-high resistance level 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
EURUSD: 1D MA50 rejection, potential pullback to 1.07500EURUSD has turned marginally bullish on the 1D timeframe (RSI = 55.444, MACD = -0.001, ADX = 39.548) but today made the second rejection on the 1D MA20 since February 22nd. Based on the 1D RSI uptrend that has started, the price action seems very much like the October 24th 2023 rejection, which pulled back near the 0.786 Fibonacci level. According to that, we expect a short-term correction at least for the pair (TP = 1.07500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
Lower Prices Expected on the EURUSDOn the Weekly chart, we witnessed a few months back how price soared into the Weekly reversal zone. Since its entry into that zone, the market turned bearish and we took on a bearish perspective for this pair. Since then, we have seen this pair continue to melt bearish. Price is expected to dip all the way down to our Weekly liquidity level at 1.04469, and beyond. Upon attaining that level, prices is expected to witness a major bullish pullback into the bearishi swing. On the smaller timeframes of the Daily down to the 1 hour, we will look to spot our trends that align with the higher timeframe perspective. This is the best way to trade, to avoid being caught up in a reversal or unclear market conditions.
Short
by PanzyPips
EURNOK Bearish short-term.The EURNOK pair is currently testing the 1D MA200 (orange trend-line), being at the same time supported by the 1D MA50 (blue trend-line). This ranged trade is the Higher High after the pair bottomed on December 27 2023 and started rising within a Channel Up. Based on the similar bottom rebound after the July 25 2023 Low, we expect the pair to reach the 0.5 Fibonacci level and then reverse downwards. If that happens we will sell there and target 11.3200 (Fib 0.236). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
HelenP. I Euro can rise a little more and then fall to $1.0765Hi folks today I'm prepared for you Euro analytics. A few days ago price traded between the resistance level, which coincided with the resistance zone, but when EUR reached the trend line, it rebounded down and broke the 1.0935 level. Also then, the price continued to decline and even later happened gap, after which the price in a short time rose to the trend line and then made impulse down to the support zone, which coincided with the support zone. After this, the Euro some time traded in this zone, even rising higher than the 1.0765 level, but soon declined back and even lower. Then price turned around and in a short time rose to the trend line, breaking the support level one more time. As well soon, the EUR broke the trend line, made a retest, and continued to move up, therefore now I expect that the Euro will rise to 1.0885 points, after which it can turn around and start to decline to a support level. That's why I set my target at the 1.0765 support level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Euro can exit from pennant and then rise to resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago declined from the resistance level, which coincided with the seller zone, but soon it turned around and rebounded higher than the 1.0890 level and even the seller zone. But then EUR started to decline and in a short time it fell below the 1.0890 level, breaking it one more time, to the 1.0800 level, which coincided with the support area. Then price bounced to the resistance level and made a downward impulse lower than the 1.0800 level, breaking it and also entering to range. In range, the price tried to back up, but failed and declined to bottom part of this pattern. After this, the price reached the support line of the pennant, and made a strong upward impulse higher than the 1.0800 level, breaking it again, and exiting from the range too. Later Euro reached the resistance line of the pennant, but at once turned around and declined to the support level. Also recently, the price bounced from the support level and now it trades near the resistance line of the pennant, therefore I think Euro can fall to the support line of the pennant and then make an impulse up to the resistance level, thereby exiting from this pattern. For this case, I set my target at the 1.0890 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EURO - Price can bounce up to $1.0885, thereby exit of wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price declined lower support level, which coincided with support area, thereby breaking it. Then Euro started to trades in wegde, where it made upward impulse from support line to resistance line. Thereby price breaking $1.0745 and $1.0830 levels, but soon EUR bounced from resistance line and declined below. Long time price traded between $1.0830 level, but recently it declined to support line of wedge, breaking $1.0830 level again. After this movement, EUR at once bounced from this line and rose to resistance area, where it continued to trades now. At the moment I think that Euro can bounce from support level to $1.0885, thereby exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
EURUSD Can this 4H Golden Cross turn it bullish long-term?The EURUSD pair has been trading within a Channel Down pattern since the start of the year but since the February 22 rejection on the 1D MA50 (red trend-line), it has failed to start a new decline to a Lower Low and instead has stayed near the top (Lower Highs trend-line) of the Channel Up. What is adding more to the bullish case is the formation of a 4H Golden Cross last Thursday, the first such pattern in 4 months (since October 31 2023). That was a bullish signal then, starting a very strong rally towards the December 28 2023 High. Despite this bullish technical sentiment, since the Channel Down is intact and as long as the 1D MA50 holds, we are bearish, targeting 1.07500 initially (just below the 0.618 Fibonacci retracement level, which was the November 01 2023 pull-back target). If a 1D candle closes below 1.07300, we will resell and target Support 2 at 1.06550. If on the other hand, we close a 1D candle above the 1D MA50, then the bullish bias of the 4H Golden Cross will prevail and we will take the loss on the sell and instead buy, targeting the -0.236 Fibonacci extension and medium-term Resistance at 1.09300 (which was the November 06 2023 bullish break-out target within the Megaphone). Notice also how similar the 4H MACD sequence of the October - November 2023 Megaphone is to the price action now since February. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot