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Euro

EURUSD: 1D MA50-200 rejection. Strong sell.EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the 1.236 Fibonacci extension level). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
Eurjpy Potential Sell setup 400pipsSo the view of this downside move is based on USDJPY analysis which we talked about how the interest rate differential, Similar pattern behavior of USDJPY as the government sell bonds to buy back their currency yen!! so we are looking at the same theory at play This is the video I talked about USDJPY similar pattern So we could see price retrace to 61.8% fib or in between 50%-61.8% so have a eye on that yellow zone for confirmation of sell setup to downside Risk management is very good!! with decent ROI Follow for more forex analysis
Short
by ShinForex1
EUR/USD Ready to short!(5/7/2024)In our last analysis, EUR/USD FX:EURUSD Continued the mini bullish move(retracement) and right now the price is ranging. We believe the price has finished the correction phase and is ready to start a new bearish move. 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.
Short
by fortunamarkets
HelenP. I Euro can break trend line and decline to $1.0660 levelHi folks today I'm prepared for you Euro analytics. Some days ago price traded inside consolidation, very close to the resistance level, which coincided with the resistance zone, after which rebounded up to the top part of the consolidation. EUR some time traded and then declined to the 1.0825 level, and soon broke it, thereby exiting from consolidation too. After this move, the price declined a little lower and then rose back to the resistance zone, but couldn't fixed and made an impulse down to the trend line, breaking the resistance level again and the 1.0660 level too. Soon, the Euro broke the support level one more time and continued to grow near the trend line, but later it made a correction to the support level, after which continued to move up. Just now, Euro trades near the resistance level, so, for my mind, the price will turn around and start to decline to the support level, breaking the trend line. That's why I set my target at the 1.0660 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Euro can make small move up, turn around and start to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to trades inside the downward channel, where it at once rebounded from the support line and then started to decline. In a short time price fell to the resistance level, which coincided with the seller zone, some time traded near and then broke the 1.0870 level and continued to decline. Later price fell to the support line of the channel and then made an impulse up to the resistance level, thereby exiting from the channel and some time trading near the 1.0870 level. After this, the Euro entered to seller zone, where it turned around and started to trades in a triangle. In this pattern, the price fell to the support line from the resistance line, breaking the 1.0655 support level, which coincided with the buyer zone, but in a short time later, the EUR broke this level again and continued to grow. Soon, the price reached a resistance line and broke it, exiting from the triangle pattern, and at the moment, the Euro continues to rise. I think that the price can rise a little and then the Euro will decline to support line, therefore I set my target at 1.0700 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
EURUSD Channel Top and Fib Resistance. Time to turn bearish.The EURUSD pair gave us an excellent pull-back buy entry last week (April 30, see chart below) and has almost reached our 1.08300 Target, which was the 0.618 Fibonacci retracement level: We now turn bearish as not only is the price near the 0.618 Fib but also hit on Friday and gor rejected on the 1D MA50 (blue trend-line)/ 1D MA200 (orange trend-line) cluster. Above all, we are near the top (Lower Highs trend-line) of the 2024 Channel Down. The last Lower Low was priced just above the 1.236 Fib extension, which on the current Leg happens to be exactly on the 1.05175 Support. As a result our new Target for the medium-term is 1.05350 (just above the 1.236 Fib ext). ------------------------------------------------------------------------------- ** 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
Euro H4 | Overlap resistance at 78.6% Fibonacci retracementThe Euro (EUR/USD) could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 1.0809 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 1.0895 which is a level that sits above the swing-high resistance. Take profit is at 1.0740 which is a pullback support. 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. 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.
Short
by FXCM
Preparing for FOMC Impact on EUR/USD: Insights and AnalysisAs we approach the FOMC meeting later today, there is anticipation of a potential bullish movement of the EUR against the USD, accompanied by a retest of the 50% Fibonacci level on the short timeframe and an uptick in value. Indicators suggest oversold conditions. Regarding the Federal Reserve, it is expected to maintain a hawkish stance, acknowledging persistent inflation and robust economic indicators. Despite not updating its macroeconomic projections until June, the Fed is likely to highlight recent deteriorations in the inflation outlook. Chair Powell's press conference will be pivotal, with the potential to adjust earlier guidance on easing, indicating a more cautious approach to monetary policy adjustments. Market expectations have shifted, significantly reducing the likelihood of rate cuts in the near future and postponing the start of the easing cycle to September 2024. We anticipate an increase in the EUR value today, with a cautious approach to setting the stop loss (SL) and take profit (TP) levels.
Long
by FOREXN1
4
EURO - Price can start to decline to $1.0655 support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price started to decline inside falling channel, where it soon broke $1.0870 level. Price tried to back up, but failed and continued to decline to support line of falling channel. Then price bounced up to almost resistance level, thereby exiting from channel, after which it some time traded close $1.0870 level. Later Euro made downward impulse from resistance line lower than $1.0655 level, after which in a short time broke it again. After this, EUR reached resistance line and soon broke it too, after which made retest and continues to grow. Now, I think that Euro can make a small movement up and then it will decline to $1.0655 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
EURUSD - Long Term and Short Term Top Down AnalysisHey guys! Here is a top down analysis on the EURUSD pair. I see a great deal of bullishness currently, but i am convinced this bullishness is to take prices into the 4 hour zone sitting a few pips above the 1 hour liquidity target. If that happens, I will expect to see prices begin to u turn bearish and head in the direction of the 4 hour and daily liquidity for a start, and eventually go all the way down to the monthly and weekly liquidity point. On the whole, the market is sort bullish, up through the current 1 hour liquidity target and through to the 4 hour zone, from where we will expect to see the bears take over the market. This is the most likely perspective on direction with regards to market and price movement on this pair.
by PanzyPips
HelenP. I Euro will fall to trend line, breaking support levelHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago rebounded from support 2, which coincided with the support zone and declined to almsot trend line, and then it started to grow inside the upward channel. Inside the channel, EUR soon broke support 2 and rose almost to the resistance line of the channel, but then the price turned around and made a correction movement to the trend line. Euro some time traded near this line, which is the support line of the channel too, and later finally broke support 2 and continued to move up. Soon, the price reached support 1, which coincided with one more support zone, but at once rebounded and in a short time declined lower than the trend line to support 2, thereby exiting from the upward channel and breaking the trend line. But soon, the Euro turned around and made a strong impulse up to support 1, breaking the trend line again and recently EUR broke support 1 too. Just now, the price is declining, so, in my mind, the Euro will continue to fall to the trend line, thereby breaking the support level. For this case, I set my target at 1.0710 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
Could strong NFPs add downward pressure?The Euro (EUR/USD) is trading clsoe to the pivot and could potentially stall around this region before reversing to drop towards the 1st support. Pivot: 1.0740 1st Support: 1.0655 1st Resistance: 1.0776 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.
Short
by ICmarkets
Eur/Usd Ready to massive sell 155 pips!!Based on previous post i talked about how eurusd has broken. the head and shoulder neckline and price is now retresting the neckline has resistance, still the interest rate is neutral which mean dollar will gain liquidity cause of the interest rate differential so we see price respecting the 31.8% fib level which is also in confluence with the POC level of activity volume NOTE; The only thing you have to worry about is NFP news later tomorrow and some news today. make sure you put stop loss and manage your risk. there is small probably it can do a fake out! Follow me for more breakdown
Short
by ShinForex1
After rebinding from resistance level, Euro can continue to fallHello 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 move up inside an upward channel, where it at once rebounded from the support level, which coincided with the buyer zone and made a downward movement. Euro a little more time traded between the 1.0650 level and later finally broke it and in a short time rose to the resistance level, which coincided with the seller zone and even rose to the resistance line of the channel. But then, the EUR turned around and made a correction movement, breaking 1.0730 again, after which the price rose to this level and then made a downward impulse to the support level, thereby exiting from the upward channel. But then the price at once rebounded from the 1.0650 level and made impulse up to the resistance level, some time traded near and a few moments ago started to decline. In my opinion, the Euro can continue to decline to the 1.0650 support level. So, that's why my target is this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8