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EUR

EURUSD H4 | Bearish Drop OffMomentum: Bearish Price has rejected the sell entry zone, confirming it as pullback resistance. Sell Entry: 1.1603 Pullback resistance Stop Loss: 1.1651 Swing-high resistance Take Profit: 1.1539 Pullback support 61.8% Fibonacci retracement High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
Short
by Tradu
EURUSD M30 | Bullish Bounce OffMomentum: Bearish The price has bounced off the buy entry, which aligns with the 50% Fibonacci retracement. Buy entry: 1.1527 Pullback support 50% Fibonacci retracement Stop loss: 1.1510 Pullback support Take profit: 1.1564 Pullback resistance Slightly above the 61.8% Fibonacci retracement High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
Long
by Tradu
Potential bearish drop?EUR/GBP is reacting off the pivot and could reverse to the 50% Fibonacci support. Pivot: 0.8826 1st Support: 0.8762 1st Resistance: 0.8859 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 IC Markets
Bullish bounce off pullback support?EUR/CAD is falling towards the pivot, which acts as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 1.62239 1st Support: 1.61817 1st Resistance: 1.62991 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
Long
by IC Markets
EUR/CAD - Bearish Flag (20.11.2025)🧠 Setup Overview TICKMILL:EURCAD EUR/CAD is forming a clean Bearish Flag Pattern after a strong impulsive drop. Price is trading below the EMA, inside a rising corrective channel — a classic continuation structure. With cloud resistance above and repeated rejections from the upper flag boundary, bearish momentum is building. A confirmed breakdown below the lower trendline could trigger the next bearish leg. 📊 Trading Plan🔻 Sell Bias (Primary Scenario) Watch for a candle break & retest below the flag Enter short after confirmation 🎯 Targets: 1st Support: 1.6137 2nd Support: 1.6109 ❌ Invalidation: A strong candle close above 1.6230 cancels the bearish view ⚡ Fundamental Outlook – Today (20 Nov 2025) CAD Fundamentals 1️⃣ Canadian Dollar strengthened as crude oil prices saw a mild rebound, supporting CAD (commodity-linked currency). 2️⃣ Bank of Canada remains cautious, but no new signs of easing have emerged — giving CAD some underlying firmness. EUR Fundamentals 3️⃣ Euro under pressure due to rate-cut expectations in early 2026 as European economic data remains soft, especially in manufacturing. 4️⃣ Risk-off sentiment pushes flows toward safer currencies, indirectly affecting EUR negatively. ➡️ Fundamentals support a continuation move lower for EUR/CAD. #EURCAD #Forex #BearishFlag #PriceAction #TechnicalAnalysis #EUR #CAD #ForexTrader #TradingSetup #KABHI_TA_TRADING #ChartsDontLieTradersDontQuit #TradingViewCommunity #SupportAndResistance #BreakoutStrategy ⚠️ Disclaimer This analysis is for educational purposes only. Not financial advice — always use proper risk management. 💬 Support My Work ❤️ If this setup helps you:👍 LIKE the post💬 COMMENT your view🔔 FOLLOW for daily setups Your support motivates me to keep posting high-quality analysis!
Short
by KABHI_TA_TRADING
33
EURGBP FRGNT Daily Forecast -Q4 | W47| D20 | Y25 | 📅 Q4 | W47| D20 | Y25 | 📊 EURGBP FRGNT Daily Forecast 🔍 Analysis Approach: I’m applying Smart Money Concepts, focusing on: Identifying Points of Interest on the Higher Time Frames (HTFs) 🕰️ Using those POIs to define a clear trading range 📐 Refining those zones on Lower Time Frames (LTFs) 🔎 Waiting for a Break of Structure (BoS) for confirmation ✅ This method allows me to stay precise, disciplined, and aligned with the market narrative, rather than chasing price. 💡 My Motto: "Capital management, discipline, and consistency in your trading edge." A positive risk-to-reward ratio, paired with a high win rate, is the backbone of any solid trading plan 📈🔐 ⚠️ Losses? They’re part of the mathematical game of trading 🎲 They don’t define you — they’re necessary, they happen, and we move forward 📊➡️ 🙏 I appreciate you taking the time to review my Daily Forecast. Stay sharp, stay consistent, and protect your capital — FRNGT 🚀 FX:EURGBP
Short
by JCFRGNT
Bearish reversal off key reversal?Fiber (EUR/USD) is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support, which is a swing low support. Pivot: 1.1553 1st Support: 1.1481 1st Resistance: 1.1602 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 IC Markets
EURAUD - Bulls Still in Control… Waiting for the Next Retest!📈EURAUD continues to hold a clean bullish structure , trading inside an ascending channel while respecting the major support zone around 1.7650–1.7700. ⚔️This green zone has acted as a strong rejection area multiple times , showing clear buying pressure each time price dips into it. As long as EURAUD remains above this structure, the bullish bias stays intact. I will be looking for longs on the next retest of the channel’s lower boundary, which aligns perfectly with the green demand zone - a powerful confluence area for trend-following entries. 🏹If the bulls manage to defend this zone once again, the next wave upward toward the upper boundary of the channel becomes the most likely scenario. But if price breaks below the structure, the bullish outlook would weaken. We’re now waiting for the market to make the next move… will the bulls step in again at support? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr.
Long
by TheSignalyst
1
Bullish continuation?EUR/JPY is falling towards the pivot and could bounce to the 1st resistance. Pivot: 179.13 1st Support: 178.71 1st Resistance: 180.73 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
Long
by IC Markets
Bullish bounce off?EUR/AUD has bounced off the pivot which is a pullback support and could rise to the 1st resistance. Pivot: 1.77607 1st Support: 1.76733 1st Resistance: 1.79621 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
Long
by IC Markets
Bullish reversal setup?EUR/CAD is currently reacting off the pivot and could reverse to the 1st resistance. Pivot: 1.61786 1st Support: 1.61228 1st Resistance: 1.62503 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
Long
by IC Markets
EURUSD Channel Down has started its new Bearish Leg.The EURUSD pair has been trading within a Channel Down since the October 01 High and price its latest Lower High last Thursday, getting rejected exactly on the 1D MA50 (red trend-line) for the first time in 1 month. Today it broke below its 4H MA50 (blue trend-line) after 10 days and such break-outs have confirmed both previous Bearish Legs. As a result, we turn bearish again on this pair and since both previous Legs declined by at least -2.03%, we are targeting 1.14200. As you can see, this can make a perfect technical Lower Low on the 1D MA200 (black trend-line) a major long-term market Support. Another metric to look for, is the 4H RSI, which provides a Buy Signal when it double bottoms below 30.00. --- ** 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
5
EUR/USD: Local Selling OpportunityTechnical Situation EUR/USD shows an interesting local setup. The price has tested a key resistance level twice, which has proven its strength and halted the upward movement. Current Picture Currently, the quotes are located at a high-volume zone, where sellers' reaction to the decline is already visible. This could be a signal for entering short positions. Alternative Scenario A scenario where the price makes another move higher—towards the next volume zone—is not ruled out. In this case, selling opportunities will become even more relevant with an improved risk/reward ratio. Entry Points Selling is relevant: From current levels Upon updating local highs followed by a pullback Additional Context The presented analysis reflects the local picture. To understand the broader situation on EUR/USD, I recommend checking my previous publications. Important: Don't forget to monitor the Dollar Index (DXY) dynamics, as it directly affects EUR/USD movement.
CME_MINI:M6E1!Short
by Smart-Day-Trader
EUR/USD - Ascending Triangle (17.11.2025)🧠 Setup Overview TICKMILL:EURUSD EUR/USD has formed an ascending triangle, but instead of breaking upward, price failed at the horizontal resistance and slipped below the rising trendline — signaling potential bearish reversal. The pair is rejecting the 1.1650–1.1660 supply zone, and downside momentum is building as fundamentals shift in favor of USD strength. 📊 Trading Plan🔻 Bearish Scenario (Primary Bias) Look for trendline retest rejection for confirmation Expect continuation to the downside toward key support zones 🎯 Targets: 1st Support: 1.1581 2nd Support: 1.1561 🔰 Resistance Zone: 1.1650 – 1.1660 ⚡ Fundamental Updates (Today – 17 Nov 2025) 1️⃣ Fed officials remain cautious about easing policy due to persistent inflation risks. • This reduces the chances of a near-term rate cut → USD strengthens. 2️⃣ U.S. government bond yields rise as investors move into safer assets during stock market weakness. • Higher yields = stronger USD → bearish pressure on EUR/USD. These fundamentals align with the technical breakdown, supporting further downside. #EURUSD #Forex #TechnicalAnalysis #PriceAction #AscendingTriangle #BearishSetup #USD #EUR #FundamentalAnalysis #ForexSignals #TradingView #KABHI_TA_TRADING #ChartsDontLieTradersDontQuit #FXMarket #TrendlineBreak #SupplyZone ⚠️ Disclaimer This is not financial advice.All content is for educational purposes only. Always confirm signals and apply strict risk management before entering trades. 💬 Support My Work ❤️ If this analysis helps you — 👍 Like 💬 Comment 🔔 Follow Your support motivates me to post more daily setups & clean chart analysis!
Short
by KABHI_TA_TRADING
51
EURAUD dips continue to attract buyers.EURAUD - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot support is at 1.7600. Risk/Reward would be poor to call a buy from current levels. A move through 1.7850 will confirm the bullish momentum. The measured move target is 1.7875. We look to Buy at 1.7775 (stop at 1.7700) Our profit targets will be 1.7925 and 1.7950 Resistance: 1.7850 / 1.7900 / 1.7950 Support: 1.7800 / 1.7775 / 1.7750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Bullish bounce off?EUR/CAD has bounced off the pivot whic acts as an overlap support and could rise to the 1st resistance. Pivot: 1.62489 1st Support: 1.62177 1st Resistance: 1.63341 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
Long
by IC Markets
EURGBP: Watching 0.87900 as UK Data Signals Stagflation RiskHey Traders, In tomorrow's session we are monitoring EURGBP for a buying opportunity around the 0.87900 zone. The pair remains in a broader uptrend, and the current pullback is bringing price back toward a key support and resistance area at 0.87900. From the fundamental side, the UK data continues to print weak, earlier this week we saw soft labor market figures, and now the latest GDP release has also disappointed. At the same time, inflation remains elevated, creating the classic mix no central bank wants to see… This environment is typically bearish for GBP, adding confluence to the bullish EURGBP setup. Trade safe, Joe.
Long
by JoeChampion
17
EURUSD Eyes 1.15900 Support as DXY Slips Below TrendHey Traders, In the coming week, we’re monitoring EURUSD for a buying opportunity around the 1.15900 zone. The pair is trading in a broader uptrend and is currently in a correction phase, approaching a key support and resistance area at 1.15900. On the other hand, the DXY has broken below its uptrend and is now heading toward its retrace area, adding confluence for potential EURUSD upside if dollar weakness continues. Trade safe, Joe.
Long
by JoeChampion
10
EURUSD H4 | Falling Towards Key SupportMomentum: Bullish The price is currently falling toward the buy entry, which aligns with the 38.2% Fibonacci retracement level. This confluence strengthens the potential for a bullish reaction. Buy Entry: 1.1583 Strong overlap support 38.2% Fibonacci retracement Stop Loss: 1.1547 Pullback support 61.8% Fibonacci retracement Take Profit: 1.1665 Swing-high resistance High Risk Investment Warning Stratos Markets Limited (tradu.com ), Stratos Europe Ltd (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
Long
by Tradu
1
EUR/USD – Falling Wedge Breakout | Bulls Eye Key Resistance ZoneTICKMILL:EURUSD The EUR/USD Pair , Price has been trading within a Wedge Pattern on the H1 chart, forming consistent higher highs and higher lows. Price action is now testing the upper boundary of the Pattern, signalling a possible breakout. ✅Market Context: 1️⃣Strong Upward Structure Inside the Pattern. 2️⃣Buyers are showing strength near Resistance. 3️⃣Breakout above the Trendline indicates Momentum continuation toward higher zones. ✅Trade Plan: Entry: Buy after Confirmed Breakout above the Resistance (H1 candle close above trendline or retest of the breakout). 💰Take Profit (TP): At the Key Zone – a Major Resistance area identified ahead. 🛑Stop Loss (SL): Below the Pattern Structure. 🟢 Technical Outlook: Pattern: Falling Wedge (Bullish Reversal) Confirmation: Breakout & Retest Targets: 1.1650 → 1.1770 Support Zone: 1.1500 – 1.1450 Momentum: Bullish bias gaining strength ✅Psychological Discipline : 1️⃣Stick to plan – No Revenge Trades. 2️⃣Accept losing trades as Part of the Strategy. 3️⃣Risk only 1–2% of your account balance per trade. 📊 Fundamental View: The Euro is gaining momentum after recent comments from ECB officials indicating cautious optimism around inflation stability. Meanwhile, the USD faces mild pressure as traders anticipate possible rate cuts by the Federal Reserve in the coming months. Market sentiment currently favors risk assets, giving EUR/USD short-term upside potential. ✅ Support this analysis with a LIKE 👍 | COMMENT 💬 | FOLLOW 🔔 It helps a lot & keeps the ideas coming! ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading involves high risk. Trade only with capital you can afford to lose and always do your own research.
Long
by AM_AlphaTrading
23
Could ongoing Fed rate-cut expectations keep boosting the euro? Dollar weakness driven by Fed rate-cut expectations and a softening US labor market has supported the euro’s appreciation. However, views within the ECB on further easing remain divided. Croatian National Bank Governor Vujčić noted that inflation risks in the Eurozone are broadly balanced and growth is strengthening more than expected, implying that additional rate cuts are unlikely in the near term. On the other hand, ECB Rehn warned that persistent declines in energy prices and ongoing economic risks could push inflation below the 2% target. EURUSD continues to trend higher within the ascending channel, forming higher lows. The price remains above the diverging bullish EMAs, indicating a potential extension of bullish momentum. If EURUSD holds above EMA21 and within the ascending channel, the price may advance toward the resistance at 1.1670. Conversely, if EURUSD breaks below EMA21 and the channel’s lower bound, the price could retreat toward the support at 1.1580.
by inkicho_exness