EURUSD Important Levels Hi, thanks for tuning in today, I have drawn over the old key levels to show the important key areas on the 2 hour chart with the red box. As you can see the price here has touched this line a few times already and you can see that price may be testing this area again. Thanks for the support.
EURUSD
Market Analysis: EUR/USD TumblesMarket Analysis: EUR/USD Tumbles
EUR/USD declined from the 1.0450 resistance and traded below 1.0300.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline below the 1.0350 support zone.
- There is a key bearish trend line forming with resistance at 1.0320 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0450 resistance zone. The Euro started a fresh decline and traded below the 1.0350 support zone against the US Dollar.
The pair declined below 1.0300 and tested the 1.0225 zone. A low was formed near 1.0224 and the pair recently attempted a recovery wave. There was a minor recovery wave above the 1.0280 level. The pair climbed above the 23.6% Fib retracement level of the downward move from the 1.0458 swing high to the 1.0224 low.
The pair is now trading above 1.0285 and the 50-hour simple moving average. On the upside, the pair is now facing resistance near the 1.0320 level. There is also a key bearish trend line forming with resistance at 1.0320.
The next key resistance is at 1.0340. The main resistance is near the 1.0365 level or the 61.8% Fib retracement level of the downward move from the 1.0458 swing high to the 1.0224 low.
A clear move above the 1.0365 level could send the pair toward the 1.0460 resistance. An upside break above 1.0460 could set the pace for another increase. In the stated case, the pair might rise toward 1.0500.
If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0280. The next key support is at 1.0225. If there is a downside break below 1.0225, the pair could drop toward 1.0200. The next support is near 1.0150, below which the pair could start a major decline.
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EUR/USD Shorts from 1.03600 back down?My analysis for EUR/USD (EU) this week closely mirrors my expectations for GBP/USD (GU), as both pairs share similar points of interest (POIs). I’ll be focusing on capitalizing on the bearish trend evident in the formation of lower lows and lower highs.
With the recent break of structure to the downside, new supply zones have been created. I’ll be waiting for a retest of these zones to catch sell opportunities in alignment with the overall trend. Once the price sweeps liquidity and forms a clear schematic, I’ll enter sell trades targeting the demand zone below.
Confluences for EU Sells:
- The price has shown a Change of Character (CHOCH) and multiple Breaks of Structure (BOS) to the downside.
- A few unmitigated supply zones remain, which are likely to be tapped.
- Lots of liquidity below, alongside imbalances that need to be filled.
- The Dollar Index (DXY) is bullish, strengthening the bearish case for EU through correlation.
Note: If the price continues dropping, I’ll wait for a new supply zone to form or look for counter-trend buy opportunities from a valid demand zone.
Bearish reversal?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0345
Why we like it:
There is a pullback resistance level that line sup with the 50% Fibonacci retracement.
Stop loss: 1.0418
Why we like it:
There is a pullback resistance level tat is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.0268
Why we like it:
There is a pullback support level.
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EURUSD 5/1/25Heading into the First Trading Week of the Year
We’re ready to dominate as always, with Orion leading the way and providing a clear bias. This week, we continue with our bearish outlook, looking to trade from the highs into the lows outlined here, with the target clearly defined.
Before diving in headfirst, let’s cover a few key points:
There’s currently a large gap between the highs and the current price.
Based on this, we need to be mindful of the following scenarios:
A short-term high could form before reaching the main highs shown here.
A new low might be created, giving us an additional target low.
These scenarios suggest we could see some form of manipulation before a move higher. For example, the price could create new highs, sweep them, and then form a new short-term low.
While this wouldn’t invalidate the larger bearish move, it could shake out many lower time frame traders.
Please also take note of the heavy liquid we have stored above the current highs we are looking at.
Trade safe and stick to your plan.
EURUSD SHORTS Am monitoring Eurusd for a Selling opportunity around 1.03410 level, once i receive any bearish confidence the trade will be executed
Disclaimer Alert: these are just charts to watch, keep in consideration the news, the best entry, the risk management and price action confirmation. Trade is reactive not predictive.
NZDUSD - Easiest 1000pip Trade Ever!We might be on the verge of one of the easiest trades ever.
NZDUSD is currently in a wave B correction, which appears to be a 333 WXY correction. We are currently in wave Y and expecting a breakout for the bigger wave C.
Trade Idea:
- Enter on break of trendline
- Stops below lows after trendline break
- Targets: 0.61 (500pips), 0.65 (1000pips)
Simple, right?
Goodluck and as always, trade safe!
EURUSD Short Continuation - Flag Set-upAfter having much success trading this down over the Christmas Period, EURUSD Looks to have disproved the fakeout of 1.05 and we will look to jump on the wagon for the next impulse on its way back to 0.96 - Providing a good retest is given allowing at least a 2:1 RRR down to 1.2, which is the 61.8 Fib Level of the weekly move up.
EURUSD Pattern FormationThis pair just touched, rebounded and closed above the Weekly FVG(BISI to be precise) and based on last weeks prediction, I anticipated that it might sweep the liquidity,but did not manage.
However, I do anticipate that we might be targeting the 2023 Yearly Low at 1.0455, so that we can cover the yearly FVG that "might form" between 2023 and opening of 2025. Remember that our overall target is 1.127.
For the entry points, we will wait for the market retract down a little bit (at around the FVG / 1.026 - 1.027) so that we can have an entry.
Target - 1.0455, Sl - 1.022 and entry at 1.027.
EURO - Price can reach resistance area and then continue to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price started to decline inside falling channel, where it first fell to $1.0590 level and broke it.
Then price made retes and some time traded near this level, after which fell to $1.0385 level, and then bounced up.
Price made a gap and then reached $1.0590 level, after which it some time traded close to this level and then continued to fall.
EUR fell to $1.0385 - $1.0350 area and then tried to grow, but failed and dropped to support line of channel.
Thereby price broke $1.0385 level also and a not long time ago it turned around and started to grow from support line.
In my mind, Euro can grow to resistance area and then continue to fall to $1.0190 in channel.
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EUR/USD Daily Trendline Breakout AnalysisThe EUR/USD pair continues to trade within a downward trendline on the daily timeframe, suggesting sustained bearish momentum. With this setup, the next target is set between 1.00 and 0.97, while the stop loss is placed at 1.04 for effective risk management. This trading plan reflects a bearish outlook, aligning with the prevailing trendline and market dynamics.
Disclaimer: This analysis is simply a sharing of my personal trading plan and is not intended as financial advice. Please conduct your own research or consult a professional before making trading decisions.
HelenP. I Euro can reach resistance zone and then continue fallHi folks today I'm prepared for you Euro analytics. A few days ago price broke resistance level 2, which coincided with the resistance zone, and started to trades inside consolidation. In this pattern, the price rose to the top part and then at once made a correction movement to resistance 2. Then, the EUR some time traded near this level and then rebounded up to the trend line, which coincided with the top part of the range and then started to decline. In a short time, EURO declined to resistance 2, broke it, thereby exiting from consolidation as well and then some time traded between resistance 2. Later price dropped to resistance 1, which coincided with the resistance zone, and then started to grow to the trend line. Some time later it reached this line and then made impulse down to 1.0220 points, breaking resistance 1 too. Recently prices started to grow, so, in my opinion, EURUSD will reach the resistance zone and then continue to decline next. That's why I set my goal at 1.0240 points. If you like my analytics you may support me with your like/comment ❤️
EUR/USD (SMC) concept+fib expansion!⭐EUR/USD has been in a strong downtrend, surpassing one of the last strongly confirmed supports, which makes me think that it will tend to retest this area from 1.03550, defying the continuation of the trend
⭐Before this retest of the support, my opinion is that it will go back down to the POI (point of interest) also called the strong demand zone
⭐Without much explanation in case the price does not test that POI I will automatically enter buy after confirmation that he will no longer retest that area
Inputs if retest POI: Inputs if doesn't retest POI:
Entry Price : 1.02650 Entry Price : 1.03200
Stop Loss: 1.02400 Stop Loss : 1.0300
Take Profit 1: 1.03100 Take Profit 1: 1.03100
Take Profit 2: 1.03550 Take Profit 2: 1.03550
Take Profit 3: 1.04000 (risky) Take Profit 3: 1.04000 (risky)
XAU/USD toward $2500 before a new high!Gold's recent performance and future outlook continue to be influenced by a complex blend of technical indicators, macroeconomic events, and geopolitical factors. As of Friday, XAU/USD registered a slight retracement below $2,650 after a significant 1% increase on Thursday. The minor pullback coincides with a stabilization in the US 10-year Treasury yield around 4.57%, which traditionally exerts downward pressure on non-yielding assets like gold.
On the upside, gold faces key psychological resistance at $2,700. Conversely, immediate support levels are positioned around $2,640. A break below these levels could signal a deeper correction; however, current sentiment suggests resilience in the face of such potential declines.
Fundamentally, gold's stellar 27% annual return in 2024, the highest since 2010, underscores its renewed appeal as a safe-haven asset amid persistent global uncertainties. Geopolitical tensions remain a primary driver of demand. Recent reports about heightened US-Iran tensions, including contingency plans regarding Iran's nuclear facilities, increase the risk premium for gold. Additionally, the prolonged Russia-Ukraine conflict continues to foster a risk-averse environment, further bolstering gold's safe-haven allure.
From a global economic perspective, developments in China also play a crucial role in determining gold's trajectory. The anticipated rate cut by the People's Bank of China (PBoC), coupled with proactive measures to stimulate economic growth, is likely to support gold demand as a hedge against potential currency depreciation. Moreover, the Chinese government's commitment to fostering consumption growth through ultra-long treasury bond financing signals continued support for economic expansion, indirectly benefiting gold demand.
Upcoming macroeconomic events in the United States will be pivotal in determining short-term price action for gold. The U.S. Non-Farm Payrolls report is expected to provide critical insights into the labor market's health. A stronger-than-expected report could strengthen the US dollar, potentially capping gold's gains. Conversely, a weaker report may reinforce gold's appeal as a safe-haven asset. Additionally, the U.S. CPI release will offer further clarity on inflation trends, a key factor influencing the Federal Reserve's monetary policy stance. Higher-than-expected inflation could prompt the Fed to adopt more restrictive measures, applying downward pressure on gold, while softer inflation data may provide a supportive environment for continued bullish momentum.
In terms of market positioning, traders are advised to adopt a cautious approach in the short term, given the potential for heightened volatility surrounding key economic data releases. A hold rating is prudent for the next month, pending further clarity on macroeconomic conditions. In the medium term, a buy rating is justified, supported by ongoing geopolitical risks, persistent inflation concerns, and central bank gold purchases aimed at diversifying reserves. Over the long term, gold remains an attractive asset, with analysts projecting a 15% to 20% price appreciation over the next five years, driven by structural economic challenges and sustained demand for safe-haven investments.
EURUSD Next Week PredictionThe forex pair EUR/USD (Euro vs U.S. Dollar) is currently trading at 1.03070 and is expected to move upwards with a target price of 1.09500, offering a potential gain of over 400 pips. The analysis is based on the falling wedge pattern, a bullish reversal pattern that typically signals an upcoming upward breakout. Before reaching the target, the price is expected to complete a retest, likely near the breakout level of the wedge. This retest confirms the validity of the breakout and strengthens the upward momentum. Traders should watch for confirmation signals during the retest, such as bullish candlestick formations or increased buying pressure. If the retest holds, it increases the probability of the pair achieving the target. Risk management is crucial to protect against potential false breakouts. This setup aligns with technical analysis principles, emphasizing the importance of patience and disciplined trading. A successful trade could yield significant returns in alignment with the bullish projection.
EURUSD Buy IdeaWhy am I bullish on FX:EURUSD as we approach NFP release? Well, lets analyse the weekly candle expansion. As depicted, price swept the previous week's high during the accumulation phase and shifted the market structure bearish, creating a change of character. During Manipulation, we saw price react from the 50% of the accumulation range making the bearish bias valid. Distribution delivered to the downside as expected and now we almost tapping a significant POI (weekly imbalance). We are anticipating a reversal because bears are now exhausted, so a long projection. Buy!
EUR/USD --> The Bears Are Applying Strong PressureFX:EURUSD in a strong downtrend, the market has just set a new local low with no signs of stopping. What lies ahead?
The Euro is under significant pressure against the strength of the US dollar, which has been bolstered by the aggressive economic policies from the Trump era. The rising greenback has not only diminished the Euro's appeal but has also added further turbulence to the forex market. Under current conditions, the 1.1000 level has emerged as a critical point, drawing significant attention from major institutional players in the market.
Resistance levels: 1.033, 1.0448
Support levels: 1.000
From both a technical and fundamental perspective, the outlook remains weak. As such, emphasis should be placed on strong resistance levels where the downtrend is likely to resume.
EURUSD: Still bearish long term. Don't buy a falling knife.EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200).
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[Vienmelodic] EURUSD - 2 Jan 2025 SetupEURUSD Market structure are still now in a bearish mode. Spotted nearest supply area (Red Rectangle). This is the first supply area that breaking the market structure, it's ussually very good area to entry.
Entry Position : Short
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly above supply area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.03400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend 1.03400 support and resistance area.
Trade safe, Joe.
EURUSD Pattern FormationThis currency has been bearish for the past few weeks and I do anticipate that it will sweep the sell side liquidity (1.02), touch the weekly fair value gap before targeting the buy side liquidities at 1.127.
The entry position will be based on the lower timeframe, which I will give on the next analysis.
Analysis of EUR/USD: A Strategic Insight for TradersThe EUR/USD currency pair has extended its rally for the third consecutive day, trading near the 1.0430 level during Monday’s Asian session. This uptick is primarily driven by remarks from members of the European Central Bank (ECB) Governing Council and expectations of delayed interest rate cuts in the Eurozone. However, the hawkish tone of the Federal Reserve (Fed) and a stronger U.S. Dollar (USD) could cap the Euro’s gains in the short term.
Fundamental Factors Influencing EUR/USD
European Central Bank (ECB)
Robert Holzmann, a member of the ECB Governing Council, stated that further rate cuts might be delayed. He highlighted recent inflation spikes and emphasized the inflationary pressures stemming from the Trump administration’s tariff policies, which may slow economic growth but increase inflation.
Delayed Rate Cut Expectations: Markets anticipate the ECB to slow down rate cuts due to rising inflation and the need for economic stabilization.
U.S. Federal Reserve (Fed)
The Fed reduced rates by 25 basis points during the December meeting, but the dot plot indicates only two rate cuts anticipated for 2025.
Fed Chair Jerome Powell: He reiterated that the central bank would approach further rate cuts cautiously.
Impact on USD: The Fed's hawkish messaging has bolstered the USD, acting as a counterweight to the EUR/USD rally.
Economic Policies under the Trump Administration
Tariffs and Tax Cuts: The administration’s policies are expected to intensify inflationary pressures, potentially altering the Fed’s monetary policy outlook in favor of the USD.
Short-to-Medium Term Outlook for EUR/USD
Bullish Scenario : Signals of delayed ECB rate cuts and improved Eurozone economic data could sustain support for the Euro.
Bearish Scenario : Continued hawkish Fed messaging, coupled with strong U.S. economic data, could exert downward pressure on EUR/USD..
Technical Analysis: Pivotal Levels in Play
Weekly Momentum: Momentum indicators on the weekly timeframe highlight persistent selling pressure, aligning with the prior bearish analysis.
Key Support Levels: The price is trading near the confluence of the lower boundary of a neutral channel and the median line of the Andrews Pitchfork, intensifying the sensitivity of this zone.
Potential Breakdown: The momentum suggests a higher likelihood of breaking below this support unless weekly price action signals a reversal by surging and breaking above the 1.0534 resistance level.
Conclusion and Call to Action
This analysis outlines critical fundamental and technical elements shaping the EUR/USD’s trajectory. With key macroeconomic events and technical levels at play, traders should stay vigilant for decisive moves.
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