change the trend According to the behavior of the price in the current support range, possible scenarios have been identified. The downtrend is expected to continue up to the specified Fibonacci levels. Then the trend change will be likelyLongby STPFOREX0
EURUSD InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe. On the 6th, the ECB lowered its benchmark interest rate for the first time in two years. Four of the G7 countries have now cut their rates, and the market is now focusing on the Federal Reserve. At the FOMC meeting held on the 11th and 12th, the Fed decided to keep the rates unchanged but hinted at a possible rate cut later this year through its dot plot. However, the fact that the US May Consumer Price Index fell short of both market expectations and the previous month's figures is raising hopes for a rate cut once again. - ECB President Lagarde will be delivering a speech on June 17. - Eurozone CPI and US May retail sales data will be released on June 18. - The UK's interest rate decision will be announced on June 20. EUR/USD formed a peak in the previously anticipated range of 1.09000-1.09200 and has since been declining, breaking down past the 1.07200 line. Further decline is expected, making this a potential point for secondary response. The current important task is to determine the bottom. The expected first bottom is at the 1.04500 line, and the second bottom is at the 1.02000 line. To summarize the expected movements: 1. Mid-term decline to the 1.04500 line followed by a long-term rise to the 1.08500 line. 2. Mid-to-long-term decline to the 1.02000 line followed by a long-term rise to the 1.08000 line. If the movement differs from expectations, I will quickly revise the strategy.Shortby shawntime_academy0
Fundamental Market Analysis for June 17, 2024 EURUSDEURUSD: The EUR and USD pair starts the new week on a subdued note and consolidates its recent strong losses to its lowest level since early May, around 1.06700-1.06650 reached on Friday. Spot prices are currently trading around 1.07000 and look likely to continue the downward trajectory seen over the past two weeks. The euro continues to be undermined by concerns that the snap election in France will worsen the financial situation in the Eurozone's second largest economy, amid the right-wing National Front party's lead in opinion polls. On Friday, French Finance Minister Bruno Le Maire said the country faces a financial crisis if the right or left wins because of its big spending plans. This, along with a modest rise in the US Dollar (USD), confirms a negative outlook for EUR/USD in the near term. The hawkish stance of the Federal Reserve (Fed) following its June meeting, whereby the median forecast calls for only one rate cut in 2024, continues to support rising US Treasury yields. In addition, ongoing geopolitical tensions in the Middle East are another factor supporting the safe-haven US dollar, indicating that the path of least resistance for EUR/USD lies to the downside. Meanwhile, signs of easing inflationary pressures in the US keep the door open for the Fed's first interest rate cut in September. The bets were bolstered by US data released on Friday, which showed that import prices unexpectedly fell in May, further strengthening the outlook for domestic inflation. In addition, a University of Michigan survey showed that US consumer sentiment deteriorated sharply in June, which in turn may deter dollar bulls from aggressive bets and help limit EUR/USD losses. No important economic data will be released from the US on Monday, so spot prices will remain at the mercy of the dollar. Trading recommendation: Trade predominantly with Sell orders from the current price levelShortby Fresh-Forexcast20040
EURUSD Trading Journal EURUSD Trading Journal On the Weekly TF price continued delivering to a discount market. Monday and Tuesday Price was seeking lower prices that I anticipated and took out sell stops target from May 9. Happy to see on Wednesday Price rally to the Daily SIBI to rebalance as I suspected it to be a likely liquidity target. Wicking through to the mean threshold. Thursday Price was an immediate reversal from Wednesday range impacted by the news drivers. Friday Price again did seek a sell stop target for the win. Large range week with the economic news drivers. Wednesday AM during New York Session created the high and Friday AM New York session creating the low for the week. by LParnell0
BEARISH MOVEMENT ON THE MAKINGFX:EURUSD This might be a good bearish movement in the making, as it has broken previous uptrend and making the move to retest and keep falling...Shortby GutierrezJulio0
Counter Pullback & Continuation: Trading the Recent Supply ZoneIn this trade idea, I plan to execute a counter-pullback strategy followed by a continuation move once the price reaches the recent supply zone. I'll look for bearish signals to enter a short position, manage risk with a stop-loss above the zone, and target profit levels at previous support points. This approach aims to capitalize on expected selling pressure and downward momentum.by fxtrends280
#EURUSD - 17062024I was bearish EURUSD on Friday and we got a nice 60pips sell down without pullback, hitting our price target at 1.0680 before rebounding. Weekly price is bearish, indicating further downside this week but near term price action indicate possible up first. Looking for a possible move re-test and rejection off 1.0740 for a move down to 1.0628. Daily close below 1.0628 could see further downside to 1.0563. Conversely, a break below 1.0700 and re-test and rejection off the level is another short setup for the move lower.by FadeMeIfYouCan0
Short BUY for Eurusd on MondayWe might see a little short buy on Eurusd during the London session tommorow .. From the price of 1.06900 ,a bullish move might begin and get exhausted possibly at the price of 1.07500.Longby Joshforexx0
Eurusd daily range of 13 pips with range of 10 - 80 pips day Over 23 days, there were ups and downs but eurusd ranged and moved from 1.0601 to 1.0894 or 0.0293 or 2.76%. Daily average is around 0.0013 or 0.12%. Then again, there were days where it moved 70 to 80 pips and some days 10 to 20 pips with some moves cancelling each other out.Shortby kailevel0
70 to 85 pips - H4 MoveDespite daily average of 14 pips move as observed from weekly chart, there were big relative moves of 70 to 85 pips. Though they cancel each other out and nett 14 pips.Shortby kailevel0
Ranging eurusd - 14 pips a day - weekly chartIn 12 weeks, the move was from 1.0448 to 1.1139 or 0.0691. On average, it was ranging and it moved 0.0057 per week or 0.0014 per day or 14 pips a day.Shortby kailevel0
Expect sell on euAm expecting price to get to the IRL of the BRP. Then we target sells to the ssl @1.06495 by miraclealexx0
EURUSD M30 IdeaPotential for a bearish pullback on the EURUSD M45 which could lead to a price movement towards the support level at 1.06800Shortby GOLDFXCC0
Short EURUSD at 5 pips targe daily with limit order entry- monthEURUSD had peaked at around 1.2350 in Jan 2021 to drop to a low of 0.8535 in Sep 2022. In 21 months, it had dropped 30.9% or an average of 1.47% per month or 0.0182 or 182 pips a month or 9.1 pips per day assuming 20 tradings day a month. So after it had moved 9 pips, I should consider it over extended. Never thought of that. This also mean that the entry price should be with limit order for sanity of mind and willingness to let it go. Esp if the price runs off and it's not filled. This decline could be due to the Ukraine War. The move down was consistent and could have been overextended. The recovery to the new high of 1.1275 in July 2023. In 11 months, the recovery was for 2740 pips or 32%. On average, this is 2.92% or 249.1 pips a month, faster than the 1.47% monthly dip earlier. Assuming 20 calendar days, this is 0.15% or 12.5 pips a day. So my expectations is daily movement of 9 to 12 pips. Then again, that was when eurusd was trending. It is now peaked and ranging so 9 to 12 pips would be generous. Perhaps, it would be more useful to target half of it like 4 to 6 pips a day with EURUSD. Limit order will be useful in this scenario and not to chase breakouts. My bias will be to short EURUSD. Shortby kailevel110
Euro / U.S Dollar _ Under _ Trading _ Venue _ OANDA Euro / U.S Dollar _ Under _ Trading _ Venue _ OANDA Lets cover some facts and where Euro will be heading! In order to avoid stage 4 of global market = Decline stage the retest must hold within the key level of 1.06352. Reason + Facts: Year 2023, Quarter 4, Oct , week 2 support was confirmed over week 1, however, the retest was not done correctly. There are 2 level of retest was require in that period and they are missing, (1) Support over 2023, Quarter 3 which was done correctly and the second retest was left without completing. Second area that market may go as low, 1.03686. During year 2022, Quarter 3 Retest is missing over July period! Third area that market could face as low is the level of 1.01970 ,Retest over Sep Over week 4 , July is missing. Forth area = Decline Stage, week 4, Oct 2022 + week 2, Nov, 2022 support was confirmed but there was no correct retest over these level ! Meaning ,Market could face as low as 1.00960 , 1.00960, 1.00849, 0.99760. by Skill-Knowledge-Conduct0
EURUSD 4H Chart Analysis: Anticipating a Bullish MoveOn the 4-hour chart, the EURUSD pair is currently completing its corrective waves. A bullish move is anticipated. However, a potential reversal and correction could occur around the key ABCDE correction point at 1.08221. Despite the possibility of a pullback at this level, shorting the pair may carry high risk. The broader outlook suggests that the bullish momentum is likely to continue beyond this correction point. Therefore, it's crucial to monitor price action closely and consider the overall bullish trend before making trading decisions.Longby BabakrUpdated 0
EU D Buy Idea 5/18/24Overall price is still bearish on the monthly and weekly, EU appears to be making a run to go bullish for a bit. Price has currently broken the Daily High from 4/8/24 BUT is bumping against a bearish weekly trendline. The Daily has made a nice impulse and is more than likely finishing up a correction to go into a bullish continuation. Price is a good 88 pips from the last daily high. So I'd look for price to final TP around 1.11050. If I had been trading EU last week, based on my confirmations, I'd currently already be in buys, so that leads me to believe that there is still some more bullish movement to be had in the upcoming week. However, if the correction continues bearish I'd look for price to run to somewhere around 1.08643 with a final TP around. 1.08591. **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**Longby cecediditUpdated 0
EURUSD: FUTURE PIVOT POINTSTry to catch these pivot points TacTicTimeTraders is here to predict TIME for youby THE_ANONYMOUS_WINGMAN0
A Very Short Course On Action/ReactionThe concept of Action and Reaction Lines is not frequently used by traders. If you browse through the Technical Analysis literature you can see that this topic has seldom been addressed. The first person to mention it was Roger Babson, followed by Dr Alan Andrews. Both of them made use of this particular technique with huge success, making profits of millions of dollars. In this short video i tried to show some examples on recent OANDA:EURUSD price action. thanks for watching.Education01:41by Palambir0
EURUSDEurostat analysis The euro was rejected from the daily support area, and considering that it is close to the weekly support, I expect it to move from this daily area to its own resistance area, which is 1.094.Longby m0neyminer0
EURUSD still bearish In my latest analysis of the EUR/USD pair, I have identified a bearish trend using the Elliott Wave method. The recent price action suggests the formation of an impulsive wave pattern, indicating that the market is likely to move lower in the coming sessions.Shortby WavePremier0
EURUSD still bearish!In my latest analysis of the EUR/USD pair, I have identified a bearish trend using the Elliott Wave method. The recent price action suggests the formation of an impulsive wave pattern, indicating that the market is likely to move lower in the coming sessions.Shortby WavePremier0
EURUSD heading down!In my latest analysis of the EUR/USD pair, I have identified a bearish trend using the Elliott Wave method. The recent price action suggests the formation of an impulsive wave pattern, indicating that the market is likely to move lower in the coming sessions.Shortby WavePremier0