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Euro

HelenP. I Euro can rebound down from resistance level to $1.0780Hi folks today I'm prepared for you Euro analytics. Some days ago price rebounded from the support level, which coincided with the support zone and quickly rose to the resistance level. When the price reached this level, it broke it, but soon made a correction movement below the 1.0855 level, and later repeated this movement again. After this, the price rose higher than the 1.0855 level, some time traded near, and later made a strong impulse down to the support level, breaking the resistance level again and even forming a gap. Then Euro rebounded from the 1.0730 level and almost reached a resistance level, after which turned around and dropped until to trend line. Next, the price started to grow between this line and later broke the support level one more time and formed another one gap. After this movement, EURUSD made a retest of the support level and made an impulse up to the resistance level, thereby breaking the trend line. Just now, the price continues to grow to a resistance level, so, I expect that Euro will reach the resistance level and then rebound down to the trend line. Then it can break this line and continue to decline, therefore I set my goal at 1.0780 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
Euro can rebound from resistance line of wedge and start to fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the current support level, which coincided with the support area and dropped to the 1.0680 support level. After this, the price started to trades inside the range, where it at once rebounded from the 1.0680 level and almost rose to the top part of the range, but then it turned around and fell back to the support level, which coincided with the buyer zone. Next, the price repeated this movement, after which the EUR rebounded from the buyer zone and rose to the top part of the range, making a gap also. Then price exited from the range, entered to upward wedge, and made at once correction movement to support line of this pattern. After this, the Euro rebounded from this line and quickly rose to the current support level, broke it, and continued to move up. Now, it trades higher than the support area near the resistance line of the pennant. So, in my opinion, the Euro can reach the resistance line again and then rebound down to the support level, thereby exiting from the wedge. Then EURUSD can break this level and continue to fall, therefore I set my TP at 1.0770 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
EURO - Price can bounce down from resistance line to $1.0740Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined to support line and at once bounced and in a short time rose to resistance line. After this, EUR turned around and made downward impulse to support line, breaking $1.0840 level again. Then price rose to resistance line again, after which fell to support level, and some time traded between it. Later Euro started to grow inside rising channel, where it made a gap, after which continued to move up. At the moment, price trades near resistance line, so, I think that EUR can bounce down from this line to $1.0740 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
EUR/USD Maintains Bullish Momentum, Surpasses 1.0800As anticipated in our previous forecast, EUR/USD has continued its bullish momentum, climbing above the 1.0800 level. Analyzing the chart, you can observe the areas where we have marked the closest supply zone, which we expect the price to reach before any potential decline. Disappointing macroeconomic data releases from the US triggered a selloff of the US Dollar (USD) during American trading hours on Wednesday, aiding the EUR/USD's upward movement. The ADP reported that private sector payrolls increased by 150,000 in June, missing analysts' estimate of 160,000. Additionally, the Department of Labor's weekly data showed 238,000 first-time applications for unemployment benefits, up from 233,000 the previous week. Furthermore, the ISM Services PMI fell to 48.8 in June from 53.8 in May, indicating a contraction in the service sector's business activity. The Employment Index and the Prices Paid Index of the PMI survey also dropped to 46.1 and 56.3, respectively. Looking ahead, tomorrow's release of USD Average Hourly Earnings m/m and Non-Farm Employment Change is expected to introduce further market volatility. Our forecast remains bullish until the price reaches the identified supply area. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
5
EUR/JPY H4 | Bullish uptrend to continueEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 173.67 which is a pullback support. Stop loss is at 172.93 which is a level that lies underneath a pullback support. Take profit is at 175.31 which is a level that aligns with the 100.0% Fibonacci projection 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. 68% 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. 73% 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
EURCAD Testing the 1D MA50. Sell opportunity.The EURCAD pair eventually formed the new Lower High on the 17-month Channel Down as presented on our last analysis (May 27, see chart below) and got rejected: The rejection extended to as low as the 1D MA200 (orange trend-line) and a short-term rebound has brought the price back to a 1D MA50 (blue trend-line) rejection. Both previous Bearish Legs declined at least by -3.85%. We expect this 1D MA50 rejection to lead the price to at least Support 1, with our Target being 1.45000 (just above it). On a side-note, check the high degree of symmetry between the 1D RSI sequences of the Channel's Legs. ------------------------------------------------------------------------------- ** 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
EUR/USD Gains Amid Market Risk Flows: Short-Term Long PositionThe EUR/USD pair is trading in positive territory, slightly above 1.0750, following modest gains on Tuesday. While the technical indicators suggest a buildup of bullish momentum, the pair may face resistance in clearing the 1.0790-1.0800 range unless supported by significant fundamental factors. As Wednesday's session began, risk appetite dominated the markets, making it challenging for the US Dollar (USD) to attract demand. The upcoming USD Unemployment Claims and ISM Services PMI forecasts suggest a bearish outlook for the USD, prompting traders to favor the EUR. Our primary strategy is to wait for the price to reach a supply area before considering a potential short position. Given that the price rose from a demand area yesterday, our current focus is on a short-term long position, targeting the 1.0850 level. Later in the day, the ADP Employment Change and ISM Services PMI data from the US will be closely watched for new market insights. ✅ Please share your thoughts about EUR in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
HelenP. I Euro will exit from pennant and fall to $1.0675 levelHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some time ago declined to the support level, which coincided with the support zone, and then at once started to grow. EUR in a short time reached a resistance level, which coincided with the resistance zone, and some time traded near this level, after which quickly declined to the 1.0675 support level. After this movement, the price at once rebounded to the resistance level and then dropped to the trend line. Then it turned around and started to grow inside the pennant, where it formed a gap pattern and then rose higher than the resistance level, breaking it. Next, EUR reached the resistance line of the pennant and at once made an impulse down to the trend line, breaking 1.0745 one more time. Just now, the price trades very close to the trend line, which is the support line of the pennant also. For this reason, I expect that EURUSD will rise a little and then drop to the support level, thereby exiting from the pennant pattern. That's why I set my goal at 1.0675 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
EUR/JPY H4 | Strong support zone at 23.6% Fibonacci retracementEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 172.38 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and coincides with an ascending trendline support. Stop loss is at 171.15 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 173.67 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. 68% 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. 73% 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
1
Euro can rebound from resistance level to 1.0670 support levelHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price started to grow inside the upward channel, where it at once rebounded from the resistance line to the 1.0670 support level, after which it bounced and continued to grow. In a short time, the price rose to the 1.0800 resistance level, which coincided with the seller zone and soon broke this level and later reached the resistance line of the channel. After this, the Euro rebounded from this line and exited from the channel, starting to trades inside range. Inside the range, the price declined to the seller zone and even made a fake breakout of the 1.0800 resistance level, after which quickly rose to the top part of the range, turned around, and then made a strong downward impulse. Euro exited from the range, broke the 1.0800 level, and even formed the first gap, after which the price little declined and then bounced up to the resistance line. After this movement, the EUR started to decline and in a short time fell to the 1.0670 support level, which coincided with the buyer zone and some time tired to grow, but only third try it make an upward impulse and rose higher than the resistance line. At the moment, the price continues to move up, so, in my opinion, the Euro can reach a resistance level and then start to decline to the 1.0670 support level. For this case, I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
EURO - Price can exit from triangle and reach resistance levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined from resistance area, after which it made upward impulse to $1.0895 points. Price broke $1.0790 level and started to trades in flat, where it some time traded until it reached top part. After this, Euro made downward impulse, thereby exiting from flat, but then price at once entered to triangle pattern. In triangle pattern, price broke $1.0790 level and fell to support level, which coincided with support area. Euro some time traded near this level and recently it reached resistance line of triangle, where continues to trades near now. In my mind, Euro can decline to support level and then bounce up to $1.0790 level, exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
14
EURUSD Analysis===>>RR=2.41EURUSD managed to break the Resistance line and Resistance zone($1.0734_$1.0716) with the help of the Breakaway Gap . ( Of course, now the resistance zone has turned into a support zone ). According to the Elliott wave theory , EURUSD has successfully completed wave 3 and is currently completing wave 4 . I expect the EURUSD to rise to at least the Resistance zone($1.0806_$1.0780) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
4
EUR/USD Analysis: ECB Rate Cuts and Fed Policy DivergenceThe EUR/USD pair is facing significant macroeconomic factors, with the European Central Bank (ECB) contemplating additional rate cuts beyond the summer, aligning with market expectations of two more rate cuts later this year. Conversely, market participants are debating whether the Federal Reserve (Fed) will implement one or two rate cuts this year, despite the Fed's June 12 meeting indicating just one cut, likely in December. Today's release of the EUR Core CPI Flash Estimate y/y and CPI Flash Estimate y/y shows weaker prospects than forecasted. The Consumer Price Index (CPI), which measures the change in the price of goods and services purchased by consumers, suggests that a weaker result could drive the EUR/USD pair lower. Additionally, the recent rise in the US Dollar is partly due to hawkish comments from Fed officials and the growing monetary policy gap between the Fed and other major central banks, contributing to the euro's decline. In the short term, the recent ECB rate cut, compared to the Fed's decision to maintain rates, has further widened the policy gap between the two central banks, potentially leading to more weakness in the EUR/USD pair. From a technical perspective, on the Daily timeframe, we have identified a Demand Area that has not been fully tested. We anticipate a possible bearish momentum today and will look for a potential long position if the price reaches our Area of interest. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
EUR/USD No directionEUR/USD No direction Last week, the EUR/USD pair showed little movement in either direction, remaining relatively flat. This period of stagnation is reflective of several underlying factors affecting the currency market. Let’s delve into the key elements influencing the EUR/USD pair at this juncture. Technical Analysis From a technical perspective, the EUR/USD pair is under downward pressure. Various technical indicators are signaling potential declines, which is corroborated by the Commitments of Traders (COT) data. The COT report shows that 51.23% of fund positions are short, indicating a bearish sentiment among institutional traders. Retail Sentiment Retail investors, on the other hand, hold 55% of their positions long, suggesting a moderately optimistic outlook from the individual investor segment. This divergence in sentiment between institutional and retail investors often points to upcoming volatility, as differing expectations could lead to sharp movements when one group decides to realign with the other. Seasonal Factors Seasonally, we are in an interesting period. The first week of July is typically weak for the EUR/USD pair, but historical trends suggest that the rest of the month tends to be more favorable, with potential for upward movement. This pattern provides a mixed outlook for traders who may be trying to balance short-term caution with medium-term optimism. Geopolitical Uncertainty Adding to the uncertainty is the political situation in Europe, particularly in France. The first round of early parliamentary elections has resulted in a victory for the right-wing National Rally, yet the final outcome will not be determined until next week. This ongoing political uncertainty is likely to weigh on the euro, contributing to the pair's subdued performance. Macroeconomic Events Several key macroeconomic events in the upcoming week could significantly impact the EUR/USD pair: Tuesday: Federal Reserve Chair Jerome Powell is scheduled to speak. Recent statements from Fed officials suggest Powell may adopt a hawkish stance. Wednesday: The release of the ISM Services PMI for June and the FOMC Minutes. These reports will provide insights into the economic outlook and future monetary policy directions. Friday: The Non-Farm Payrolls data will be eagerly watched by the market. The results could influence short-term economic expectations and future decisions by the Federal Reserve. Additionally, preliminary inflation data from the European Union will be released on Tuesday, which could further impact the euro's performance. The EUR/USD pair is currently in a state of flux, with various factors pulling it in different directions. The lack of significant movement last week suggests that traders are waiting for clearer signals from both technical indicators and upcoming macroeconomic events. The political uncertainty in France adds another layer of complexity to the situation. Given the current landscape, it seems unlikely that we will see major fireworks from the EUR/USD pair in the immediate future. However, as the month progresses and more data becomes available, we may gain a clearer picture of the direction this pair is likely to take. Investors should stay vigilant and be prepared for potential volatility as these events unfold. Feel free to comment and share your opinions on the future of the EUR/USD.
by InvestMate
8
Euro Rises After French Election; Yen Struggles Near 38-Year LowThe euro gained on Monday after France's snap election put the far-right in the lead, albeit with a smaller margin than expected. Marine Le Pen's National Rally performed worse than anticipated, easing fears of expansionary fiscal policies. The euro rose 0.4% to $1.0756, while the yen struggled near a 38-year low. The dollar index fell as U.S. inflation data bolstered expectations of a Federal Reserve rate cut. Other currencies, including sterling and the New Zealand dollar, saw modest gains.
Long
by signalmastermind
EUR/USD Rebounds in Sideways Area, Concludes Flat Trading WeekAs forecasted, the EUR/USD pair rebounded within its sideways range on Friday, wrapping up a week of flat trading. Traders found little reason to push the pair meaningfully in either direction. The week saw German import prices and labor figures broadly missing expectations, while the US Personal Consumption Expenditure (PCE) Price Index inflation printed at forecast without sparking significant movement. German Unemployment Change data showed a higher-than-expected increase, with 19,000 more consumers added to unemployment figures in June, exceeding the forecast of 15,000 but still below the previous month's 25,000. The German Unemployment Rate also edged higher to 6.0%, compared to the forecasted hold at 5.9%. Our technical analysis remains bullish as long as the price stays within the upper side of the sideways rectangle. Currently, the price has rebounded from the 78.6% Fibonacci retracement level of the lowest major swing and has formed a triple bottom pattern. This suggests a potential continuation of the upward trend. We will continue to monitor the economic conditions to determine future moves once the price approaches the upper boundary of the sideways range. For now, the technical indicators support a bullish outlook, anticipating further gains within the current trading range. Initial Idea ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
EUR/USD Slips as Investors Await US Housing DataThe EUR/USD pair failed to sustain Monday's gains, closing in negative territory on Tuesday. Currently, the pair is struggling to regain traction, trading around 1.0690 in the European session on Wednesday. The price appears to be rebounding from a demand area near the 78.6% Fibonacci retracement level of the previous swing lower. Additionally, a divergence on the H1 timeframe suggests a potential bullish impulse. According to the COT report, institutional investors are increasingly shifting their funds to the USD side. This movement supports a potential bullish scenario in the short term, but we anticipate a bearish scenario to follow in the future. With no significant macroeconomic data releases, investors are cautious about taking large positions. Later today, the US economic docket will feature New Home Sales data for May, but it is unlikely to significantly impact the market.
Long
by FOREXN1
3
EURUSD Is it a sell after the French far-right election win?Highly important fundamentals yesterday for EUR as the first round of elections in France ended with a significant win of the far-right wing party. Even though that's not economic news, the election results of the 2nd biggest E.U. economy, certainly have the weight to affect the largest forex pair in the world. Mainstream economists have historically shown their preference when more stable, center parties are in governance, and certainly would like to avoid the instability that comes with a far-right party and its policies. That alone is a big factor that would call for (at least) a short-term sell on this pair. That fundamental approach happens this time to come in complete agreement with the technical one. The pair is still forming the new Bearish Leg of the 6-month Channel Down and as we explained on our June 04 analysis (see chart below), our conservative Target is still 1.06040: On top of that, today's High hit the 1D MA50 (blue trend-line) for the first time in more than 2 weeks. As you can see, the symmetry between the Channel's 3 Bearish Legs (including the current one) is high and it appears that the pair has fulfilled the +1.12% counter-trend bounce that has happened on all Legs after an initial -2.30% decline. The previous one went as high as +1.50% (April 09), so there is still some small room for rejection. Technically the new Lower Low can be as low as 1.0500 (-4.00%) but it is advisable to always book profits when the 1D RSI touches the 30.00 oversold barrier. ------------------------------------------------------------------------------- ** 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