Euro at the bottomThe euro is at the bottom of the daily time frame trading range and has collected liquidity well below it. There is a possibility of price growth towards the middle of this trading range
Euro
GOLD TOW SENARIO1. Spot Price Around $2630:
Gold is fluctuating near the $2630 support zone. This level is critical as it could determine the direction of the next move.
2. Scenario if $2630 Breaks:
If the price breaks decisively below $2630 with strong volume, it could extend the bearish trend towards $2600 or even lower.
The next support levels to watch are $2600 and $2580.
3. Scenario if $2630 Holds:
If gold fails to break below $2630 and rebounds, it could move upward towards its immediate resistances at $2650, $2663, and potentially $2670.
A break above $2670 could trigger a bullish rally targeting $2700. OANDA:XAUUSD
EURO - Price can bounce down from resistance area to $1.0385Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few days ago price bounced from $1.1000 level and rose to $1.1205 points, after which turned around.
Then price started to decline inside falling channel, where it at once reached and broke $1.1000 level.
After this, EUR fell to support line of falling channel, and then bounced and rose to resisatnce line, making a first gap.
Price made downward impulse, thereby exiting from channel and starting to trades inside flat, breaking $1.0585 level too.
In flat, Euro fell to bottom part but then turned around, made a second gap, and now trades close to $1.0585 level.
In my mind, Euro can enter to resistance area and then start to decline to $1.0385, which coincides with bottom part of flat.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD Inverse Head and Shoulders to 1.08500EURUSD has formed an Inverse Head and Shoulders pattern, confirming the bottom of the long term bearish sequence.
The right shoulders is about to be completed and there is no better time to buy than now.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.08500 (marginally under the 2.0 Fibonacci extension)
Tips:
1. The RSI (1d) crossed above its MA on Nov 25th, confirming the transition from long term bearish to a bullish trend. This supports our 2.0 Fib target.
Please like, follow and comment!!
Notes:
Past trading plan:
EUR/USD – Weak Start to the WeekEUR/USD – Weak Start to the Week
The EUR/USD pair began the week with declines, driven by macroeconomic data releases and political tensions within the eurozone.
---
Macroeconomic Data Impact
On Monday, the final reading of the **HCOB Manufacturing PMI** for the eurozone in November was released, showing a figure of **45.2**, in line with expectations. This continues to signal weakness in the industrial sector, contributing to euro depreciation.
---
Political Issues in France
Political turbulence in France further weighed on the euro. Key developments included:
- Budget Dispute: Prime Minister Michel Barnier faced potential no-confidence votes as the far-right National Rally (RN) party, led by Marine Le Pen, threatened to oppose the government’s budget proposal.
- Concessions: The French government dropped plans to reduce medication reimbursements to secure RN support.
- Market Reaction: French bond yields rose, with the 10-year yield briefly surpassing Greece’s. The CAC 40 stock index fell 1.1% in early trading.
---
ECB Comments
Statements from European Central Bank members also hinted at potential monetary easing:
- Olli Rehn** and **Yannis Stournaras suggested further rate cuts are likely in December due to persistent inflation concerns.
- Martin Kazaks mentioned the possibility of discussing larger rate cuts, though he acknowledged significant uncertainty.
---
Seasonality and EUR/USD
Historically, December has been a favorable month for the euro against the dollar, driven by reduced market liquidity and year-end position adjustments. However, under the current market conditions, with weak eurozone data and robust U.S. performance, seasonality may not be sufficient to reverse the prevailing bearish trend for EUR/USD.
---
USD Stability
The U.S. dollar remains relatively stable, supported by strong macroeconomic fundamentals and comments from Federal Reserve officials.
- Fed Officials’ Remarks :
- John Williams: The NY Fed President noted that monetary policy remains restrictive and emphasized data dependence. He expects inflation to gradually decline to 2% and forecasts U.S. GDP growth of around 2.5% in 2024.
- Christopher Waller: The Fed Governor expressed support for a December rate cut, citing a balanced labor market and concerns about inflation stagnating above 2%.
- Raphael Bostic: The Atlanta Fed President stated that inflation is on track to reach the 2% target and emphasized the strong footing of the U.S. economy while remaining open to future policy adjustments.
- U.S. Economic Data :
- ISM Manufacturing PMI (November): Increased to 48.4, above expectations but still indicating contraction.
- Construction Spending (October): Rose by 0.4%.
---
Outlook for EUR/USD
Despite last week’s gains, the long-term trend for EUR/USD remains bearish. The eurozone's economic data continues to underperform, adding pressure on the ECB to accelerate rate cuts.
Meanwhile, the U.S. economy is on a stable path toward a "soft landing," supported by strong labor markets and steady growth. While seasonal factors might provide temporary support for the euro, the current market dynamics suggest limited potential for sustained EUR/USD appreciation.
EURUSD: Inverse Head and Shoulders buy signal.EURUSD is bearish on its 4H technical outlook (RSI = 38.974, MACD = 0.000, ADX = 37.510) as it continues to trade near the bottom of the long term Channel Down. At the same time its low made contact with the bottom of the Bearish Megaphone. Technically that formed the Head of an Inverse Head and Shoulders. The standard target for this pattern is the 2.0 Fibonacci extension. That is our target (TP = 1.08630).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Euro will start to grow to resistance line of upward channelHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few moments ago price started to decline inside the downward channel, where it at once broke the 1.0600 level and fell to the support line. Then EUR turned around and rebounded back to the resistance level and even entered to seller zone, where it reached the resistance line of the channel, after which turned around and dropped back to the support line. Soon, the price broke the 1.0465 support level and dropped to 1.0330 points, but soon it made impulse up, making a first gap, after which broke the 1.0465 support level one more time. Also, the price started to grow inside the upward channel, where it declined to the buyer zone, after which bounced and rose to the resistance line. Next, EUR almost reached the resistance level, and then turned around and in a short time declined to support line of the upward channel, making a second gap. So, now I think that the price can start to grow to the resistance level, and when it reaches this level, the price will break it. Then Euro can make a retest and continue to move up to the resistance line of the upward channel. That's why I set two TP: 1st at the 1.0600 level and 2nd at the 1.0700 points. Please share this idea with your friends and click Boost 🚀
EURUSD Once in a year buy opportunity about to run out.Last week (November 25, see chart below) we gave an ultimate buy call on the EURUSD pair as the price pierced through the 1.5 year Channel Down and immediately rebounded:
As you can see, that was the absolute bottom of the pattern, its technical Lower Low, which happened last time more than 1 year ago, on October 03 2023. The 1-week rally that followed is on a pull-back today as the new week opened and based on the previous two Lower Lows, this might be the final one, i.e. the last buy opportunity we will get before multi-week rally.
More specifically and as far as the October 2023 bottom is concerned, we are on the 1W RSI rebound similar to the week of October 23 2023. At the same time, this matches being on the 1W MACD's 2nd straight pink histogram bar. This indicates that this could be the last red week before the rally.
Our Target remains intact at 1.08765, exactly on the 0.618 Fibonacci retracement level (similar to the November 2023 Fib test).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EUR/USD Under Pressure Amid Key Economic EventsThe EUR/USD pair began the week with notable selling pressure, trading near the 1.0500 level at the time of writing. The Asian session opened with a bearish gap that remains uncovered, with the pair declining by nearly 75 pips so far. Market participants are closely watching upcoming events, including a speech by European Central Bank (ECB) President Christine Lagarde and the release of the US ISM Manufacturing Purchasing Managers' Index (PMI) later today.
Technical Outlook
From a technical perspective, the pair’s downward momentum aligns with earlier forecasts, suggesting a potential move toward the next demand zone around 1.0100 in the coming sessions.
Commitment of Traders (COT) Analysis
Recent COT reports reveal that retail traders have increased long positions in the pair, while non-commercial entities remain bearish. This divergence highlights contrasting market expectations. A strong ISM Manufacturing PMI reading could amplify the pair’s downward trajectory, further pressuring the euro.
As the market digests these developments, traders should remain cautious and adapt strategies based on upcoming economic data and central bank commentary.
✅ 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.
EUR/USD Gains 1.55% This Week Amid Weak US DataEUR/USD Gains 1.55% This Week Amid Weak US Data
The EUR/USD pair strengthened by approximately 1.55% this week, driven by better-than-expected data from the eurozone and disappointing economic reports from the US. Despite this recovery, the long-term outlook remains uncertain, especially as the economic divergence between the two regions continues to weigh on market sentiment.
US Data Falls Short of Expectations
A series of weaker-than-expected US economic indicators pressured the dollar this week:
- **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2.
- **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4.
- **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M.
- **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10.
- **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast.
- **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market.
- **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing.
These data points fueled concerns about slower economic activity in the US, prompting a sell-off in the dollar and supporting EUR/USD gains.
Eurozone Data Provides Modest Support
The eurozone provided some relief for EUR/USD with slightly better-than-expected results:
- **Economic Sentiment (Nov):** Rose to 95.8, exceeding the forecast of 95.1, signaling marginal improvement in business and consumer confidence.
While the euro benefitted from these figures, the broader macroeconomic picture in the eurozone remains weak.
Comparative Economic Outlook
The US economy continues to outshine the eurozone across several key metrics:
| Metric | US | Eurozone |
|-----------------------|----------------------|---------------------|
| **GDP Growth Rate** | 2.70% | 0.90% |
| **Unemployment Rate** | 4.10% | 6.30% |
| **Inflation Rate** | 2.60% | 2.30% |
| **Interest Rate** | 4.75% | 3.40% |
| **Manufacturing PMI** | 56.00 | 45.20 |
| **Services PMI** | 57.00 | 49.20 |
While the eurozone showed some resilience this week, its lower growth rate, higher unemployment, and weaker PMIs highlight the underlying economic challenges.
Outlook for EUR/USD
Despite this week’s gains, the outlook for EUR/USD remains bearish in the long term. If eurozone economic data continues to underperform, the European Central Bank (ECB) may face pressure to implement faster and deeper rate cuts. Conversely, the US appears to be on a stable path toward a "soft landing," supported by strong labor markets and robust economic growth.
Conclusion
While EUR/USD benefitted from weaker US data this week, the pair's long-term direction depends on the relative strength of economic fundamentals between the eurozone and the US. The euro remains vulnerable, especially if eurozone data disappoints further and the ECB accelerates its monetary easing.
Will EUR/USD sustain its gains, or is a reversal imminent? Share your thoughts in the comments!
HelenP. I Euro will decline to support level and then start growHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price reached the trend line, and then turned around and started to decline. In a short time, EUR fell to the resistance zone, which coincided with the resistance level, and soon price broke this level. After this, the price some time traded below the 1.0900 resistance level, and later it tried to grow. But when the price entered to resistance zone and reached the trend line, the EUR turned around and made a strong impulse down, after which continued to decline next. Price in a short time fell to the support level, which coincided with the support zone and then some time traded near this level. Later, the Euro declined below this level, breaking it, but then it turned around and made a gap, after which rose back, breaking the 1.0515 support level one more time. At the moment, the EUR continues to move up and in my opinion, it will decline to the support level and then start to grow to the trend line. For this case, I set my goal at 1.0730 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
The Psychology of Wealth
🔸The psychology of wealth centers on cultivating a mindset that aligns your thoughts, beliefs, and actions with abundance, financial success, and prosperity.
🔸The affirmations you’ve mentioned—such as "money comes easily," "I deserve success," and "I’m in control of my future"—are key components of a wealth-oriented mindset. This approach isn’t just about positive thinking; it’s about rewiring your brain, creating empowering habits, and developing the emotional resilience needed to achieve financial and personal success.
🔸Here’s a breakdown of how these affirmations and principles relate to the psychology of wealth:
1. "Money Comes Easily"
▪️Belief in Ease and Flow: This statement fosters a belief that financial opportunities are abundant and accessible. When you believe money can come easily, you’re more likely to notice opportunities, attract resources, and act on them confidently.
▪️Shift from Scarcity to Abundance: Many people operate with a scarcity mindset, feeling money is hard to earn. By affirming that money comes easily, you break free from this limiting belief and open yourself to creative solutions and ideas.
🔸Actionable Steps:
▪️Identify opportunities in your field or new markets.
▪️Develop skills that make earning money simpler and more sustainable.
2. "I Deserve Success"
▪️Self-Worth and Wealth: Believing you deserve success ties your financial achievements to your sense of self-worth. If you subconsciously feel undeserving, you may sabotage your efforts or settle for less.
▪️Breaking Limiting Beliefs: Many people are conditioned by childhood experiences or societal expectations to believe success is reserved for others. Reaffirming that you deserve success challenges these limiting beliefs.
🔸Actionable Steps:
▪️Reflect on past achievements and recognize your value.
▪️Engage in self-care and personal growth activities to reinforce your worthiness.
3. "There Is an Abundance of Money"
▪️Abundance Mentality: This statement helps shift from a scarcity mindset to an abundance mindset. Believing there’s enough wealth for everyone fosters collaboration, innovation, and generosity.
▪️Law of Attraction: When you focus on abundance, you’re more likely to act in ways that attract wealth and prosperity into your life.
🔸Actionable Steps:
▪️Practice gratitude daily to focus on what you already have.
▪️Seek out stories or examples of abundance to reinforce this belief.
4. "Nothing Can Stop Me from Success"
▪️Resilience and Determination: This affirmation builds a mindset of resilience and perseverance. It reminds you that challenges are temporary and that you have the power to overcome obstacles.
▪️Reframing Failure: By adopting this belief, you view setbacks as opportunities to learn and grow, rather than insurmountable barriers.
🔸Actionable Steps:
▪️Break big goals into manageable steps to maintain momentum.
▪️Develop a "growth mindset," where challenges are viewed as essential for improvement.
5. "I’m in Control of My Future"
▪️Empowerment and Responsibility: This belief emphasizes personal accountability and the ability to influence your financial destiny. It counters feelings of helplessness and external blame.
▪️Focus on What You Can Control: While you can’t control every external event, you can control your reactions, decisions, and efforts.
🔸Actionable Steps:
▪️Set clear financial and personal goals.
▪️Continuously educate yourself about wealth-building strategies, such as investing, saving, and entrepreneurship.
Final Thoughts
The psychology of wealth is about more than financial gain—it’s about cultivating a mindset of abundance, gratitude, and empowerment. By believing that money comes easily, you deserve success, and you are in control of your future, you set the stage for proactive behaviors and sustained growth. Pair these beliefs with practical strategies, and you’ll find yourself on a path toward financial freedom and personal fulfillment.
EURJPY The EUR/JPY market remains resilient, showing no significant signs of retracement despite potential resistance levels. Traders are witnessing a steady upward momentum, with bullish sentiment continuing to dominate. Market participants are closely monitoring key economic indicators and price action, as the pair maintains its upward trajectory without pulling back. The lack of corrective movements highlights strong buyer interest, suggesting further potential for gains in the near term.
EURCAD Strong medium-term buy opportunity.The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target:
This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross.
As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
eurusd h4 long/short +220/+300 pips swing trade plan🔸Hello traders, let's review the 4hour chart for EURUSD today.
All previous setups hit TP, +600 pips original short and recently
another short from resistance TP hit +240 pips.
feel free to recap via links below:
🔸Currently after hitting 0500 EURUSD remains weak / vulnerable
to further downside. I'm not expecting any bounce from current
levels and also can't recommend any new entries, right now this
is a no trade zone for me.
🔸Bears will target re-test of key s/r zone at 0380, this is also
the highest probability zone for a bounce in EURUSD.
Resistance overhead set at 0600, so this is a +220 pips trade setup
based on the bounce off the key s/r zone.
🔸Recommended strategy for EURUSD traders:no trade recommended
at current price, however bulls should enter BUY/HOLD at/near 0380
SL 40 pips TP1 +120 TP2 +220 final exit at 0600. Bears should wait
for the bounce to complete and short from overhead resistance at
0600 TP1 +150 pips TP2 +300 pips final exit at 0300. SL 40 pips.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
EUROUSD CHART LOOKOUTThe Euro might experience brief upward corrections in the near term, driven by temporary factors such as market sentiment or short-term economic data. However, the broader outlook suggests a downward trajectory, reflecting underlying challenges such as weaker growth prospects, policy divergences, or geopolitical pressures. While volatility is expected, the dominant trend leans toward a decline.
EURGBP H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 1 hour chart for EURGBP.
Speculative XABCD in progress, with PRZ/D set at 8380,
so expecting reversal / more gains in EURGBP after we hit C
🔸XABCD structure is defined by point X at 8370, point A at 8310, point B at 8355, point C at 8320, point D/PRZ at 8380, currently most points validated, point D/PRZ still pending, so traders should wait until we hit F before buying.
🔸Recommended strategy for EURGBP traders: wait for pullback/correction to complete at point C near 8320, buy/hold, SL 20 pips, TP1 +30 pips TP2 +60 pips. Final exit at 8380. Low risk trade setup.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
EURCHF: Bottom formed. Aiming now for the 1D MA200.EURCHF is marginally bearish on its 1D technical outlook (RSI = 43.619, MACD = -0.002, ADX = 46.597) as after hitting the bottom of the S1 Zone, it rebounded and is now consolidating below the 1D MA50. This is a bottoming pattern and like the two before it in a span of 1 year, it should aim for at least the 1D MA200 (TP = 0.95500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
EUR/USD Daily Price Chart Analysis: A High-Probability SetupThe EUR/USD currency pair is navigating a critical moment, presenting an intriguing setup for traders and investors alike. For those looking to capitalize on the next big move, this analysis dives deep into the technicals, offering actionable insights while balancing education with practicality. But before we proceed, a quick disclaimer: trading always carries risk, and this analysis should be viewed as a guide, not financial advice. Make sure to trade responsibly and perform your due diligence.
At the heart of this setup lies the "Super Cluster" zone, a pivotal support area near the 1.0365 level. This zone isn't just a random line drawn on the chart—it represents a confluence of powerful technical factors. First, it aligns with a key horizontal level that has halted bullish momentum in the past. Second, it coincides with a long-term descending trendline that has defined the pair's downward trajectory since mid-2023. Such convergence makes this area a stronghold for buyers. If the Super Cluster holds, it could provide the foundation for a significant bullish reversal. However, if it breaks, the bears could take control and push prices even lower.
The bullish scenario is reflected by the green upward trendline projected on the chart. This path anticipates a strong recovery, with initial targets around 1.1200, a level marking the upper boundary of the descending channel. Longer-term, a push toward the 1.2000 region could materialize if the bullish momentum sustains. There are several factors supporting this outlook. Notably, the Relative Strength Index (RSI) is currently flashing a bullish divergence—a signal that often precedes reversals. While the price has been making lower lows, the RSI has been quietly climbing, hinting at weakening bearish momentum. Additionally, the 21 EMA (orange) and the 89 EMA (red) 3 legs fractal intersections appear to be in place. This little known signal, if confirmed, could attract further buying interest and signal a broader trend shift.
But what if the bullish thesis fails? A break below the Super Cluster zone would be a game changer. Such a move would invalidate the bullish outlook and open the door to further downside pressure. In this scenario, the EUR/USD could retest the psychologically significant 1.0000 level or even lower. This underscores why patience and proper confirmation are essential before committing to a trade. Waiting for daily or weekly candle closes near key levels can help avoid false breakouts or premature entries.
Zooming out, the broader chart reveals a descending channel that has confined the EUR/USD since 2023. The current setup suggests the pair is at the lower boundary of this channel, reinforcing the importance of the Super Cluster as a make-or-break zone. Additionally, past price action reveals a pattern of alternating impulse waves and corrective phases. If the Super Cluster supports a bounce, the next impulse wave could test or even break the channel's upper boundary, leading to a significant bullish move.
One standout feature of the current chart is the RSI, which is hovering near 40. While not yet bullish, the RSI's upward divergence from price provides a strong signal that bears are losing steam. A move above 43 would confirm bullish momentum and align with the green upward trajectory. Swing traders may want to monitor this closely as it could act as a key trigger for entry.
For those looking to trade this setup, the strategy will vary depending on your style. Swing traders might wait for confirmation of a bounce off the Super Cluster zone, looking for bullish candlestick patterns such as pin bars or engulfing candles. A break above your key level would further confirm bullish momentum, setting up targets near 1.1200 or higher. On the other hand, long-term investors could consider scaling into positions at current levels, provided the Super Cluster holds over several days or weeks. Regardless of the approach, risk management is non-negotiable. Stops for bullish positions should be placed just below the 1.0365 level, ensuring minimal loss if the setup fails.
In summary, the EUR/USD is poised at a key technical juncture, offering a high-probability setup for those who approach it with patience and discipline. While the bullish case appears more favorable, thanks to RSI divergence and the Super Cluster's significance, traders must remain vigilant. The market can move in unexpected ways, and success often lies in reacting to what the chart is telling us—not what we wish it would say.
Let the market show its hand. A bounce from the Super Cluster could mark the start of a powerful upward move, while a breakdown might lead to more bearish momentum. Whichever way the market moves, be prepared, trade with a plan, and remember that risk management is the foundation of long-term success.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
Can a Currency's Destiny Be Rewritten?The Hungarian forint stands at a critical crossroads, embodying a profound economic narrative that extends far beyond mere exchange rates. Its persistent decline—losing 59% against the US dollar over a decade—represents more than a statistical anomaly; it symbolizes a nation's complex struggle with monetary sovereignty, economic strategy, and global financial integration. This isn't simply a story about currency depreciation, but a nuanced exploration of how economic policies intersect with political ambitions and market realities.
At the heart of this financial drama lies a compelling debate about euro adoption, which has transformed from a distant possibility to an increasingly urgent consideration. Investment experts like Viktor Zsiday are challenging the very sustainability of maintaining an independent currency that appears systematically mismanaged. The forint's trajectory reveals deeper structural challenges: while a weaker currency has temporarily benefited Hungary's export-oriented economy, it has simultaneously obscured fundamental competitiveness issues and exposed the country to significant economic vulnerabilities.
The unfolding scenario presents a fascinating intellectual puzzle for economists and policymakers. With the Hungarian National Bank preparing for leadership transition and the government maintaining a complex stance on monetary policy, the forint represents a living case study of the delicate balance between national autonomy and global economic integration. The potential shift towards a more dovish monetary approach could either destabilize the currency further or open new pathways for economic recalibration, making this a moment of critical strategic significance.
As Hungary confronts these intricate monetary challenges, the forint's journey becomes a metaphorical lens through which we can examine broader questions of economic adaptation, political will, and national economic strategy. The coming months will likely reveal whether Hungary will embrace transformative monetary reforms or continue navigating its current uncertain trajectory—a decision that could reverberate far beyond its borders and provide valuable insights into the complex dynamics of emerging market economies in an increasingly interconnected global financial landscape.
EURGBP: Channel Down and 1D MA50 rejection pushing it lower.EURGBP is neutral on its 1D technical outlook (RSI = 48.920, MACD = 0.000, ADX = 31.550) as it failed to cross over the 1D MA50 and it remains on a LH inside the Channel Down. The weakest decline upon a 1D MA50 rejection has been -1.45%. That is what we're aiming for (TP = 0.82545).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
EURO - Price can bounce up from support area to $1.0685 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level.
Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap.
After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant.
In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back.
Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level.
In my mind, price can fall to support area and then bounce up to $1.0685 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EUR/USD: A Day of Stagnation Amid Awaited Data ReleasesOn Tuesday, the EUR/USD currency pair showed a lack of direction, closing nearly unchanged and just below the 1.0500 level. As traders navigate the tight range, the pair continues to move sideways early Wednesday. Market participants are particularly focused on upcoming macroeconomic data from the United States, which could influence the USD's trajectory.
In the American trading session on Tuesday, EUR/USD experienced a slight dip, falling below 1.0450, but managed to regain lost ground as investors reacted to mixed economic reports from the US. This volatility in the dollar's strength was further compounded by a subtle improvement in risk appetite among investors, which restricted demand for the USD.
From a technical analysis perspective, there have been no significant changes since the previous day. Currently, the EUR/USD is trading around 1.05150. As we approach the Thanksgiving holiday, the economic calendar for the US is set to release various pivotal data points. One of the key reports expected today is the weekly Initial Jobless Claims from the US Department of Labor, alongside the Durable Goods Orders figures for October, released by the US Census Bureau.
With the euro showing signs of gaining momentum, it raises the likelihood of a potential bearish correction. Traders are advised to approach today's market with caution, as the interplay between new economic data and market sentiment could have immediate implications for the currency pair.
As investor focus shifts to how these forthcoming data releases will affect the valuation of the USD, it remains critical to monitor both macroeconomic indicators and overall market sentiment for trading opportunities in the EUR/USD pair.
✅ 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.
