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EUR/USD Faces Pressure with New Week's StartEUR/USD continues to face downward pressure as the new week begins, struggling to gain recovery momentum ahead of Tuesday's significant macroeconomic data releases. The US Dollar is currently exhibiting strong momentum, and historically, during this time of the year, our analysis indicates that the USD tends to strengthen until October or November before experiencing a retracement. Following the negative correlation in EUR/USD, we opened a bearish setup last week, and our forecast remains bearish. Early Tuesday, data from Germany revealed that the Gross Domestic Product (GDP) contracted at an annual rate of 0.1% in the second quarter. Despite this reading, there was no noticeable market reaction. Later today, the US economic docket will feature the Conference Board's Consumer Confidence data for July and the JOLTS Job Openings for June. A significant increase in job openings could bolster the USD and weigh on EUR/USD. Our forecast for the EUR/USD remains bearish. Additionally, the Commitment of Traders (COT) report shows an increase in retailer longs, which further supports our bearish outlook. Based on our analysis and current market conditions, we maintain a bearish forecast for EUR/USD. Stay tuned for further updates as we continue to monitor market developments. Previous Forecast: ✅ 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.
Short
by FOREXN1
1
Euro H4 | Potential bullish bounceThe Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.0800 which is a pullback support. Stop loss is at 1.0757 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 1.0866 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement 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
HelenP. I Euro can drop to $1.0800 point, breaking support levelHi folks today I'm prepared for you Euro analytics. A not long time ago price dropped from the resistance level, but soon it came back and even broke this level, after which formed a gap. Then, the price some time traded near the 1.0890 level, after which rebounded up to the trend line. After this movement, the Euro turned around and started to decline and firstly it soon fell to the 1.0890 level and broke it one more time. After this, the price some time traded very close to this level and later made impulse down to the support level, which coincided with the support zone. Next, the EUR at once rebounded and started to grow to a trend line, after which it reached this line, price dropped to the support zone. In this area, the price some time traded and then exited, breaking the support level again. Just now, the price rising, so, for my mind, I expect that EURUSD will rise a little more and then drop lower than the support level, breaking it, and continue to decline. For this case, I set my goal at 1.0800 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
SHORT EURUSDEURUSD remains bearish on the daily timeframe and is currently in an ascending channel with a test at the upper channel, a failure to break above a major resistance area at 1.09-1.10 level, and a bearish daily engulfing candlestick pattern that would confirm its next movement. The first target is to the lower channel at area 1.07 and if it breaks, the next target will be to the major support zone at area 1.05 and a break below will confirm a movement to the lower of the descending channel at near parity levels.
Short
by WaelHaz
EURUSD Two clear sell entries.The EURUSD pair hit today its 4H MA200 (orange trend-line) for the first time since July 04 and immediately rebounded. As long as it holds, we expect a rebound to 1.0900 and then a rejection, as the long-term pattern is a Channel Up that has already priced its new Higher High (on July 17) and has started the new Bearish Leg. If the 4H MA200 breaks first though, we will have a bearish break-out continuation confirmation. For both sell entries, our Target is 1.07300 (the 0.786 Fibonacci retracement level as on the June 14 Low). ------------------------------------------------------------------------------- ** 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
Euro can make small move up and then continue to fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price reached the resistance level, which coincided with the seller zone and at once rebounded down. Also, the price entered to triangle, where it at once made first a gap and then dropped until to support line, breaking the 1.0715 level. Next, the price some time traded between this level and later broke the 1.0715 level again and soon exited from the triangle, making a second gap also. After this movement, EUR started to grow inside the upward channel, where it in a short time reached the 1.0890 level and even broke it, making a third gap too. Next, the price reached the resistance line of the channel, after which turned around and dropped to the support line of the channel, breaking the resistance level one more time. Soon, the EUR exited from the channel and continued to decline, so, just now, I think that the Euro can make a small movement up and then continue to decline until to support level, but I set my TP near this level, at the 1.0740 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
EURO - Price can leave pennant and grow to $1.0890 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where soon broke $1.0850 level and then reached resistance line of channel. Next, price little corrected and then reached $1.0910, after which made a gap and then made movement down. Then Euro made upward impulse to resistance line of channel, breaking $1.0910 level, but then it started to decline. Soon, price left channel and broke $1.0910 level again, after which continued to decline in pennant. In pennant, price declined to support and even lower, to support line of this pattern, but recently backed up to resistance line. Now, I think price can fall to support area again and then bounce up to $1.0890, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
EURUSD 28/7/24This week in the EU, we are looking to meet a couple of key points. Overall, we are focusing on the price shifting back into the bearish higher timeframe trend. Currently, the price has been moving lower. We opened up a gap on the daily timeframe, indicating a likely drop. Since then, we have moved lower and created short-term liquidity lows, suggesting the price will sweep out these levels and continue its downward movement. The key points we want to see met this week are as follows: 1. Price to sweep out one of our short-term highs and create a BOS (Break of Structure) downwards, giving us a clean sweep and break move. 2. We have an area of supply that we may tap into. If we reach this high, it would be ideal for short moves and selling positions. 3. If we tap into this supply and break higher, I will look for the daily high to be reached. We are more inclined to see a sell move to follow the higher timeframe trend. The target for this short move is the demand zone marked in green and the liquidity low marked just above that zone. Ideally, this zone will fail, and the price will move lower. However, we may react at this zone and go higher. We will follow what the price shows us! Follow your rules and stick to your plan! Trade safe.
by PipSurfingSociety
HelenP. I Euro will break trend line, make retest and rebound upHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some time ago reached the support level, which coincided with the support level. Soon, EUR broke this level, made a retest, and at once made an impulse up to the resistance level, but when it reached the 1.0900 level, it made a small correction movement. After this, the price rose to the resistance zone, breaking the 1.0900 level and forming a gap, after which little declined and then made impulse up to the trend line. Then Euro turned around from this line and quickly declined lower the 1.0900 level, breaking it one more time. Next, the price made a retest, after the breakout, after which dropped to the 1.0835 support level. Price some time traded near this level and not long time ago rebounded up to the trend line, where continues to trades very close to this day. For my mind, EURUSD will decline a little more and then rebound up, higher than the trend line. After this movement, the price can make a retest, or at once continue to grow to almost resistance level, without a retest, So, for this case, I set my goal at 1.0890 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
After exiting from wedge, Euro can continue to decline to 1.0780Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to range, where it reached the top part, which coincided with the resistance level also and then started to decline. After the price dropped to almost the bottom part of the range, it turned around and rose until the seller zone, where it turned around and made a downward impulse to the support level, which coincided with the buyer zone, exiting from the range and making the first gap. After this, the Euro rebounded up from the 1.0730 level and entered to wedge, where it turned around and dropped from the resistance line to the support line, breaking the support level. Then price in a short time rose higher this level, breaking it and making a second gap, after which quickly rose to the resistance level. Next, the price broke this level and rose to the resistance line, after which EUR exited from the wedge, turned around, and dropped to the support line, breaking the 1.0895 level. Recently price also exited from the wedge and now continues to decline, so, in my opinion, the price can make a small movement up and then continue to fall. For this reason, I set my TP at 1.0780 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Euro H1 | Potential bearish breakoutThe Euro (EUR/USD) is falling towards a potential breakout level and could drop lower from here. Sell entry is at 1.0828 which is a potential breakout level. Stop loss is at 1.0860 which is a level that sits above a pullback resistance. Take profit is at 1.0809 which is a pullback support that aligns close to the 127.2% Fibonacci extension 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.
Short
by FXCM
EURO - Price can rise a little and then bounce down in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price made first gap and later broke $1.0825 level, but soon turned around from support line and started to grow. In a short time, Euro rose to $1.0910 level, but at once bounced, making a second gap and then fell to support line. Next, price made upward impulse, thereby breaking $1.0910 level, after which turned around and started to decline in channel. Inside falling channel, EUR broke $1.0910 level again and support line too, after which continued to decline. Recently price fell to support level, after which started to grow, so, in my mind, EUR can rise a little. Then price will turn around and fall to $1.0810 support line of channel, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
EURUSD Volatility ahead but bearish on a 1-month horizon.The EURUSD pair is pulling back as per our last week's trading plan (July 16, see chart below) and reached the bottom of the (dashed) Bullish Leg: The long-term pattern remains a Channel Up but as mentioned last week, the current Bullish Leg is about to get exhausted. On the previous Bullish Leg it did on a Double Top. Regardless if that takes place or not eventually and creates volatility for the next 7 days, we expect a new Bearish Leg to start and lead to and end-of-August Higher Low. Our Target remains 1.07250. On a side-note, the 1D RSI got rejected exactly before hitting the 70.00 overbought barrier, and the last 2 times that took place in 2024, it turned out to be the most optimal medium-term Sell Signal. ------------------------------------------------------------------------------- ** 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
HelenP. I Euro can rebound up from support zone to $1.0915Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price reached support 2, which coincided with the support zone and soon broke this level. After this movement, the price tried to grow but failed, made the first gap, and fell to support 2, which coincided with the trend line. Then Euro turned around and in a short time rose higher than support 1, which coincided with one more support zone, after which fell to this area, and some time traded inside. Later price broke support 1, and entered to consolidation, where it made a second gap and then made a correction to the support level. After this, the EUR rebounded up to the top part of the range and then turned around and dropped to the support level, thereby breaking the trend line. Now price continues to trades near this level to this day and I expect that EURUSD will rebound up from the support zone to the trend line, That's why I set my goal at 1.0915 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Euro can break resistance level and continue rise in channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few moments ago rebounded from the support line and tried to grow, but failed and fell a little below. Then price in a short time rose to the resistance level, which coincided with the seller zone and resistance line, after which made a downward impulse to the support level, making a first gap. After this movement, the Euro rebounded from the support level, which coincided with the buyer zone and rose to the resistance line, but then it at once dropped lower than the 1.0725 level and reached the support line. Next, the price some time traded below the support level and later broke the resistance line, after which it turned around and fell back. Then EUR started to grow inside the upward channel, where it broke the 1.0725 level and formed another two gaps, after which broke the 1.0900 level and reached the resistance line of the channel. But recently Euro rebounded and fell below this level, breaking it again. For this reason, I think the price can break the resistance level and make a retest, after which continue to grow inside the upward channel. So, that's why I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
EURO - Price can continue to decline inside falling channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it made the first gap, after which broke $1.0810 level. Then price made a second gap and some time traded near $1.0810 level, after which bounced and continued to grow in channel. Later EUR made a third gap and reached $1.0920 level, but at once bounced and fell little below. After this movement price made an upward impulse, thereby breaking $1.0920 level and exiting from rising channel. But soon, Euro turned around and started to decline inside falling channel, where it recently broke $1.0920 level again. Now, I think price can make a small movement up and then continue to decline to $1.0850 in falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
HelenP. I Euro will rebound up from support zone to $1.0995Hi folks today I'm prepared for you Euro analytics. Some time ago price declined to the trend line and at once rebounded and started to grow inside the upward channel where quickly rose to support 2, which coincided with the support zone. After this, the price made a small correction and then broke support 2 and rose until to resistance line of the channel, after which made a first gap and then fell to the support zone. Next, Euro tried to grow, but failed and fell back, after which turned around and made impulse up to support 1, which coincided with one more support zone. But the price rebounded from this level, made a second gap, and later dropped to the trend line, which is the support line of the channel too. After this movement, the Euro rebounded up from this line, broke support 1, and just now traded near the support zone. For my mind, EURUSD will rebound up from the support zone and rise to the resistance line of the upward channel. That's why I set my goal at 1.0995 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
Euro can start to decline from resistance line of upward channelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price started to grow inside the upward channel, where it at once declined to the support level, which coincided with the buyer zone and soon bounced up. Price in a short time rose to the current support level, which coincided with the resistance line of the channel with the support area, and then quickly fell to the support line of the upward channel. Then Euro reached the support area, after which turned around and made a downward impulse to the 1.0730 level, thereby exiting from the channel and forming a first gap. After this movement, the EUR tried to grow but failed and dropped lower than the 1.0730 level, thereby breaking it, but later price turned around and started to grow in another one upward channel. In this channel, the price soon broke the 1.0730 level and formed a second gap, after which made a retest and continued to move up. Later Euro rose to the current support level, broke it, making the last gap, and a not long time ago it rebounded up to the resistance line of the channel, where continues to trades very close to this day. So, I think the price can rebound down from the resistance line to the support line of the upward channel, breaking the support level. For this reason, I set my TP at 1.0835 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6