Pullback and the continuation...Hello friends. According to the drawn lines and the reaction we had, I expect to rise up to the specified range. what is your opinion? Good luck. # Let's look simplyLongby HippoTrading3
EURUSD long moveWe are looking out for a breakout on our resistance level then we go long on this trade. Longby OCBE-FX3
Lingrid | EURUSD trend SHIFTThe price perfectly fulfilled my last idea. It literally tanked hit the target zone. FX:EURUSD is currently retracing towards the resistance zone after its recent breakout from the range zone. On the 1H timeframe, the market has been correcting its downward trend, indicating a potential pause in the bearish momentum. With high-impact news today, I expect the market to continue moving sideways, then potentially move downwards after retesting the range zone. If the EURUSD fails to breach the resistance zone around 1.08100-1.08200, we can anticipate a rebound from this level. My goal is the support level of around 1.07480 Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments. Shortby LingridUpdated 6627
uptrend If the price changes in the current support range, it will be possible to start the upward trend up to the specified resistance range. Then, according to the behavior of the price in the resistance range, possible scenarios have been determinedLongby STPFOREX4
EURUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.0854, which is an overlap resistance close to 61.8% Fibo retracement Our take profit will be at 1.0810, an overlap support level. The stop loss will be placed at 1.0905, above a swing high resistance 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. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 8
EURUSD H4 | Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0892, which is an overlap resistance. Our take profit will be at 11.0812, an overlap support level. The stop loss will be placed at 1.0957, a swing-high resistance level close to 161.8% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 6
EURUSD - in strong downtrendEURUSD - May 31, 2024 Today EURUSD stays in a downtrend, yesterday`s restoration turned into short-lived and the pair remains on course to attain 1.0800 once more withinside the early buying and selling hours of the month. weekend session. Accordingly, the outlook remains favorable for dealers while EURUSD remains beneath many vital resistance stages and regularly lowering in step with the energetic Trendine line. In addition, with the growing probability that the ECB will lessen hobby fees earlier than the Fed, the opportunity of the EUR/USD trade price persevering with to weaken wishes to be taken into consideration withinside the medium term.Shortby TheLeader_WOLF2
EUR/USD may rise 29 - 44 pipsPivot 1.0805 Our preference Long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension. Alternative scenario Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances 1.0885 1.0860 1.0845 1.0816 Last 1.0805 1.0785 1.0770 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson1
Fundamental Market Analysis for May 31, 2024 EURUSDEvents to watch out for today: 12:00 GMT+3. EUR - Core consumer price index m/m 15:30 GMT+3. USD - Change in personal income/expenditures EURUSD: The EUR and USD pairing dipped to 1.0790 on Thursday before a recovery in the broad market forced the dollar lower. US gross domestic product (GDP) growth fell in line with market expectations and investors hoping for a rate cut are taking a cautious step forward ahead of key data to be released on Friday. Fresh data on the pan-European Harmonized Index of Consumer Prices (HICP) will be released on Friday. May HICP core inflation is expected to rise to 2.8% from 2.7%, while HICP core inflation is also expected to rise by 2.5% from the previous reading of 2.4%. Key US data will be released later on Friday, with the core Personal Consumption Expenditures (PCE) price index to be released during the US market session. According to average market forecasts, core PCE inflation for the year ended April will remain at 2.8%, while core PCE inflation for the month will be 0.3%. U.S. GDP growth in the first quarter slipped to 1.3% from a previous reading of 1.6%, matching market forecasts and raising hopes for a Federal Reserve (Fed) rate cut. According to CME's FedWatch tool, traders are pricing in a higher chance of a rate cut by the Federal Open Market Committee (FOMC) in September. With current rate cuts, the probability that the FOMC will leave rates unchanged in September is only 49%, while the probability that rates will be cut by at least a quarter point is over 50%. Trading recommendation: Trade mainly with buy orders at the price level of 1.08400. We consider sell orders at the price level of 1.07950.by Fresh-Forexcast20040
EURUSD - SMALL CORRECTION BEFORE THE ROCKET?A closer look at the Euro chart reveals a favorable structure. On a broader scale, the trajectory looks bullish - however, a noticeable accumulation of liquidity is occurring lower after the reversal of the global downward movement. In addition, there was an unfilled zone for the month of FVG. At the local level, after the breakdown, an imbalance zone - FVG - appeared, which increases the chances of a downward movement. Moreover, after the FVG imbalance was filled, a strong reaction began and “OB” was formed, this gives us an understanding of the reaction and confirmation of the idea.Shortby truepersonalUpdated 10
Downtrend Line Rejection At 1.08452 31.05.2024- Downtrendline rejection at 1.08452, current rate around 1.08185 (15-min chart, EURUSD) - If rejection holds, likely drop to 1.07868 - Break below 1.07868 could lead to further decline to 1.07226 - If rejection fails, likely rise to 1.08648 - Break above 1.08648 could lead to further increase to 1.08890 _____________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Shortby BDSwiss_Academy0
Key levels on EURUSDYesterday EURUSD rose to 1,0850 and bounced. It's important to watch over today if it will continue climbing. Upon another attempt to rise, but has no strength and pushes back, a fall will follow. So watch levels above 1.0850 for possible selling. There is no reason to buy at current levels!by ForexTrendline2
Current Trend of EUR/USD (May 2024)The EUR/USD pair is experiencing a downtrend in May 2024, which is historically a weak month for the Euro against the Dollar. Over the past 50 years, May has been the second-worst performing month for EUR/USD, with average returns of -0.62%. This seasonal pattern seems to be holding, as recent US economic data has been stronger than expected, putting further pressure on the Euro. Key Factors Influencing the Trend US Economic Data: Strong economic indicators from the US are contributing to the Dollar's strength, thereby weakening the Euro. Continued robust performance in US economic metrics could push EUR/USD further down. Historical Performance: May’s historical trend indicates a tendency for the Euro to perform poorly against the Dollar. This trend has been consistent, and the current market conditions align with this historical pattern. T echnical Levels: EUR/USD has been tracking its historical performance closely. A notable resistance level is observed in the low 1.2500s, which, if it holds, could lead to further bearish movements. Analysis Summary Given the historical context and current economic indicators, EUR/USD is likely to remain under pressure throughout May. Traders should be cautious and consider the broader economic data alongside technical indicators when making trading decisions. For further detailed analysis, traders can refer to sources like Investing.com and Forex.com, which provide in-depth technical and seasonal insights into the EUR/USD pair.Shortby udarasanje110
EUR/USD: SHORT TRADE; DAILY AND 4 HR FRAME ANALYSISHi guys! After setting up my support and resistance on the daily time frame, the price action did not break through the resistance line. A "M" formation was formed, along with an inverted hammer candlestick, followed by a strong bearish candle. I placed a trend line on the 4-hour chart. I predict adowntrend. Thank you for taking a look at my chart. :)Shortby themarketmoves1
Sell EURUSD H4 Channel Breakout & Order BlockThe EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0620 Stop-Loss: To manage risk, place a stop-loss order above 1.0900. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Opportunity Breakdown : 1. Bullish Channel Breakout & Retest 2. Price Reversal @ Fibo - 0.786 Market Factors: Dovish ECB vs Hawkish Fed: The European Central Bank (ECB) is generally expected to maintain a dovish stance on interest rates, while the Federal Reserve might continue raising rates to combat inflation. This interest rate differential could weaken the EUR relative to the USD. Weak Eurozone Data: Recent economic data releases from the Eurozone might have painted a weaker picture of the region's economic health, potentially undermining confidence in the Euro. Thank you. Shortby KABHI_FOREX_TRADINGUpdated 7718
INFLATION CPI IN TOKYO, JAPAN, PUSHES USD/JPY TO NEAR 157.00Hello investors, let's delve into the details of the USD/JPY currency pair following the inflation CPI data from Tokyo, Japan. Information on the Consumer Price Index (CPI) in Tokyo, Japan, has garnered attention in the forex market. USD/JPY has recently undergone a significant uptrend. This growth may be linked to the inflation CPI data in Tokyo, Japan. Technical analysis indicates that USD/JPY is trading at a high level near 157.00, and the yen has depreciated against the US dollar. Technical indicators such as MACD and RSI also suggest that the uptrend may continue. Although there is currently a continuing upward trend, other factors such as economic and political information will also influence the movement of this currency pair. Thank you to our esteemed readers for following today's world gold bulletin.Longby Jesscica2
EURUSD H1 | Bearish Momentum?Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.0826, which is a pullback resistance close to the 50% Fibo retracement. Our take profit will be at 1.0789, an a swing support level. The stop loss will be placed at 1.0851, a pullback resistance 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. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM3
EURUSD H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.07945, with pullback support. Our take profit will be at 1.0836, a pullback support The stop loss will be placed at 1.0765 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Longby FXCMUpdated 119
Latest EURUSD update today!Dear traders! Let's discuss and strategize today with Conan! Overall, EUR/USD approached the 1.0800 level and broke out as Conan had previously predicted. The pair appears to be at a loss as US dollar strength is sustained and risk appetite is fading. By maintaining a low level below the 34.89 2-day EMA, I expect EURUSD to have more selling opportunities with channel support targeting the downside at 1.0755.Shortby ConanForexUpdated 121237
Long EURUSDConsidering the DXY and UCad, I am looking for a longterm buy on EU after enticing sellers. This is in confluence with the Fibonacci and other levels (the ones not shown). Longby MoneyMew4
Wait for the SELL point to retest the EURUSD trendlineEUR/USD fell sharply on Wednesday, returning to the 1.0800 degree after broad-primarily based totally danger urge for food disappeared. The pair is buying and selling firmly inside technical resistance as buyers put together for a sequence of mid-variety European financial signs on Thursday, observed with the aid of using an replace on Gross Domestic Product increase (GDP) quarterly for the United States. Pan-European purchaser self belief in May is predicted to preserve constant at -14.3, at the same time as the Overall Economic Sentiment Index is predicted to get better barely to 96.2 from 95.6. Then, US quarterly GDP is predicted later withinside the day, with annual Q1 GDP forecast to say no barely to 1.3% from 1.6%. Markets hungry for hobby charge cuts from the Federal Reserve may be seeking out symptoms and symptoms of weak point withinside the US financial system as increase solidifies, the hard work marketplace tightens and inflation figures display up. Inflation stays high, hindering the Fed`s capacity to reduce hobby fees at a fast pace. Investors hold to search. The buying and selling week will cease with German Retail Sales on Friday, predicted to fall -0.1% MoM in May. Pan-European Core Consumer Price Index (HICP) for the 12 months resulted in May is forecast to growth to 2.8% from 2.7%. US inflation records will cease the buying and selling week, with the United States Core Personal Consumption Expenditures (PCE) Price Index predicted to stay unchanged at 0.3% MoM in April.by TVS-TraderUpdated 119
EURUSD Forecast - Continued Mild Decline ExpectedGreetings traders and welcome to my EURUSD analysis for today. The market has presented some notable movements that we'll delve into: EURUSD has continued its mild decline across all timeframes. The 1.0570 support level has been breached, indicating a potential continuation of the downtrend. RSI and Stochastic: Both indicators remain in oversold territory across all timeframes, suggesting a potential for a rebound. EMA (1D): The EMA on the daily chart continues to slope downwards, reinforcing the prevailing medium-term bearish trend. While oversold indicators hint at a possible price retracement, the persistent downward sloping EMA on the daily timeframe suggests the medium-term bearish trend remains intact. What are your thoughts on EURUSD's current trajectory? Share your insights and analysis in the comments section below.Longby Rena_Potter2