Watch out for Lagarde's comments todayThe ECB is delivering its interest rate decision today, however, most of the action could happen during the press conference. Keep your eyes on that!
FX_IDC:EURUSD EASYMARKETS:EURUSD
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F-EUR
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 172.01
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 173.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 170.30
Why we like it:
There is an overlap support 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.
EURUSD - Another Trade Analysis Using ICT ConceptsVery beautiful again today.
With the expectation of higher prices, I took a long on EURUSD. As I illustrate in the video, there were very nice algorithmic price action and sentiment manipulated. All the things I love to see in a high-probability setup.
I hope you enjoy the video and found it insightful.
- R2F
EUR/USD: Biden Replacement and ECB Decision Loom Political uncertainty in the U.S. could significantly impact the EUR/USD as markets brace for tomorrow’s ECB decision. The major political factor may not if President Biden steps down, but who steps up to take his place. Who will the markets like and who will they dislike? This could play out in the EUR/USD.
Biden has said he will reevaluate his candidacy if advised by doctors due to health concerns, possibly setting the stage for his withdrawal from the presidential race. Notably, Democratic Representative Adam Schiff (California) is the latest major figure to urge Biden to step aside as the Democratic nominee for president.
Turning to the more traditional economic event, ING forecasts that the EUR/USD is more likely to hit 1.08 rather than 1.10 following tomorrow’s ECB meeting. The tip of the very clean and tight channel the pair has traveled in since June might suggest resistance at 1.0965.
The European Central Bank is expected to maintain rates steady, a month after its first rate cut in five years. A recent Reuters poll revealed analysts anticipate two additional 0.25 percentage point rate cuts this year, slated for September and December.
EURNZD to continue in the upward move?EURNZD - 24h expiry
Our short term bias remains positive.
Setbacks should be limited to yesterday's low.
We look to buy dips.
20 4hour EMA is at 1.7921.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 1.7928 (stop at 1.7878)
Our profit targets will be 1.8048 and 1.8068
Resistance: 1.7978 / 1.8061 / 1.8100
Support: 1.7925 / 1.7900 / 1.7870
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84250 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84250 support and resistance area.
Trade safe, Joe.
EURUSD H4 - Short Signal EURUSD H4
In addition to GBPUSD, we also have EURUSD which is at a key area of resistance. This 1.09 handle is acting as a whole number resistance price, amongst H4 supply and previous tested resistance. Certainly a good region and zone for a short confluence stack.
We will be following EURUSD, GBPUSD and DXY very closely this week as we are trading from some significant levels.
EURUSD: Easing Inflation And Potential UpsidesHey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.08700, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08700 support and resistance area.
we would also like to consider the current easing inflation in the US, the previous soft inflation data may take us to a potential upcoming rate cut and a dovish USD environment which should weaken the dollar over the medium term.
Trade Safe, Joe.
Could EUR/JPY bounce from here?The price is falling towards the pivot which acts as an overlap support and could potentially bounce to the pullback resistance.
Pivot: 172.42
1st Support: 171.99
1st Resistance: 173.27
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?The Fiber (EUR/USD) is reacting off the pivot and could potentially drop to the pullback support.
Pivot: 1.0900
1st Support: 1.0860
1st Resistance: 1.09226
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Sell EURUSD Wedge BreaoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0895, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0847
2nd Support – 1.0809
Stop-Loss: To manage risk, place a stop-loss order above 1.0925. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
EUR/USD bullish view(7/16\2024)EUR/USD finally broke out from the Dynamic resistance trend and is now consolidating above it. The Sentiment around the USD is still bearish.
The price needs some rest and correction to attract more buyers. After some correction, EUR/USD is likely heading to the 1.098-1.10 zone.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURO - Price can bounce down of resistance line to $1.0850 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it some time traded between $1.0850 level and then made a downward impulse.
Price broke $1.0850 level and exited from rising channel, after which fell to $1.0720 level and at once bounced up.
Next, EUR started to trades inside wedge, where it bounced from resistance line and quickly declined to support line.
After this, price bounced from this line, broke $1.0720 level, and even made a gap, after which continued to grow.
Then Euro reached $1.0850 level, broke it too and made a second gap, after which bounced from resistance line.
Now, I think price can reach resistance line and then bounce down to $1.0850 level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD Going for a Higher High rejection. Time the sell.The EURUSD pair has been trading within a Channel Up pattern and as we mentioned on our previous idea (July 08, see chart below), is aiming for a Higher High target at 1.09500:
Since last week, the price is getting closer to our Target and the top of the 3-month Channel Up. Based on the pattern's symmetry and the proportions between the Bullish/ Bearish Legs, once we reach 1.09500 we will reverse to a sell, targeting 1.07250 (bottom of Channel Up).
Technically, once the 4H RSI forms Higher Lows, the new bottom is formed.
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EURUSD - DailySimple trading - Consolidation
Let's take advantage of a potential Weekly swing!
Below is the weekly chart showing a potential zone for the price to bounce back and forth between the monthly highs and lows.
EURUSD has already poked above the previous week's high. wait for the price to pull back and test the PWH and we can sell confidently with strong bearish price rejection.
*These are my thoughts, not financial advice.
Falling towards the 61.8% Fibonacci support?EUR/USD is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.08447
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.08090
Why we like it:
There is a pullback support level.
Take profit: 1.09116
Why we like it:
There is a pullback 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.
Could EUR/GBP drop from here?The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support.
Pivot: 0.84037
1st Support: 0.83687
1st Resistance: 0.84306
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
Offers ample risk/reward to buy at the market.
20 4hour EMA is at 0.9740.
We look to buy dips.
We look to Buy at 0.9740 (stop at 0.9718)
Our profit targets will be 0.9795 and 0.9815
Resistance: 0.9768 / 0.9780 / 0.9800
Support: 0.9740 / 0.9720 / 0.9700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURGBP Double ScenrioHello traders
Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!!
Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher!
Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel
Overall chance of rise is a little more
Bullish scenario will be activated after breaking the purple line
Bearish scenario will be activated after breaking the zone
Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel
Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.
EURAUD Channel Down bottom = Buy opportunityThe EURAUD pair has been consolidating sideways for almost 3 weeks following the June 26 Low. Even though this is not near the bottom (Lower Lows trend-line) of the long-term (blue) Channel Down, the fact that it is being formed while the 1D RSI is on Higher Lows, indicates a Bullish Divergence.
The last such Divergence occurred on December 25 2023, when the pair formed the previous Lower Low (bottom). As a result, this is an opportunity to go long and target 1.64500 (+3.40% as the initial rise of the previous Bullish Leg).
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