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EUR/USD) Big Support level Analysis Read The ChaptianSMC Trading point update Technical analysis of EUR/USD on the 1-hour timeframe. The idea centers around a potential reversal from a major support zone, aiming for higher resistance targets. Here's a detailed breakdown: --- 1. Big Support Level A strong horizontal support zone is highlighted around 1.1275–1.1290. Price is currently reacting off this level, suggesting a potential bullish reversal. 2. EMA 200 as Resistance The 200-period EMA (~1.1346) is above current price, possibly acting as a dynamic resistance. A break and hold above it could confirm bullish momentum. 3. Resistance Levels & Target Points The first target is the 1.14367 resistance level, a clear supply zone. The second target point is around 1.15622, aligned with a previous major high and strong resistance zone. 4. RSI Indicator RSI is at 44.02, indicating neutral to slightly oversold conditions—this supports a potential bullish move, especially from support. 5. Forecast Path The chart projects a likely pullback and breakout pattern: Rebound from the support zone. Break through EMA 200 and minor resistance. Rally toward first and second targets. Mr SMC Trading point --- Summary of the Idea: This is a trend-reversal-to-continuation setup, with EUR/USD expected to rise from a key support area toward 1.14367, and potentially 1.15622, provided price holds above the support and breaks the EMA 200. Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
1
EUR/USD) resistance level rejected) Analysis Read The ChaptianSMC Trading point update updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis: --- Market Structure Overview: Resistance Level: ~1.14292 Mid Support Zone: ~1.13500 Major Support (Target Point): ~1.12658 Current Price: 1.13787 --- Indicators: EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening. RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum. --- Trading Idea: 1. Short-Term Bullish Move: Price is expected to rise to test the resistance level around 1.14292. 2. Bearish Reversal at Resistance: From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500). 3. Break Below Mid Support: If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level. Mr SMC Trading point --- Strategy Suggestion: Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI. Sell Setup 2: On breakdown and retest of the 1.13500 support zone. Take Profit: Target at 1.12658. Stop Loss: Above 1.14300 or above the most recent swing high. --- Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
EUR /USD) resistance level rejected support level Read The ChaptSMC Trading point update analysis of the EUR/USD currency pair on a 1-hour timeframe, and it presents a potential bearish setup. Here's a breakdown of the idea: Key Elements: Resistance Zone (around 1.14182): The price is currently approaching a marked resistance area. The analysis suggests this could be a turning point where price may reverse. Projected Movement (Black Arrows): The chart predicts a double top formation or a rejection from the resistance level, followed by a strong move downward. Target Point: The drop is expected to reach the key support zone around 1.10942, aligning with a previous structure and a potential liquidity zone. EMA 200 (around 1.10389): Price remains well above the 200 EMA, suggesting the trend is still bullish overall, but the setup targets a potential correction or short-term reversal. RSI Indicator (~60): RSI is above 60 but not overbought yet. This supports the idea that there's room for one more push up into resistance before a drop. Mr SMC Trading point Summary of the Idea: 1. Watch for price reaction around 1.14182. 2. If there's a clear rejection or double top, a short position may be considered. 3. Target area is around 1.10942. 4. The setup assumes a corrective move in a broader bullish trend. plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
EUR /USD) bearish trand analysis Read The ChaptianSMC Trading point update This chart presents a technical analysis of the EUR/USD pair on a 1-hour timeframe. Here's the breakdown and idea behind the analysis: Chart Analysis Summary: 1. Trend Structure: The price was in a downtrend, moving within a descending channel. Recently, the price has rejected the upper boundary of the channel (noted as "down reject"). There's a 200 EMA (Exponential Moving Average) acting as dynamic support around the 1.09086 level. Mr SMC Trading point 2. Support Zone: A strong demand zone (highlighted in yellow) is visible near the 1.08183 area. This zone aligns with previous structure support and a potential reversal point. 3. RSI Indicator: RSI is around 49, showing a neutral to slightly bearish momentum. No overbought/oversold signals yet, suggesting room for further downside before a reversal. 4. Projection Idea: The analyst expects a possible short-term drop into the yellow support zone (target: 1.08183). After reaching the target, a bullish reversal is anticipated, aiming for a breakout above the downtrend with a rally towards the 1.10500+ zone. Trading Idea: Short-Term Bearish Move: Sell toward 1.08183 if price confirms rejection of the trendline or 200 EMA. Medium-Term Bullish Reversal: Watch for bullish confirmation (e.g., engulfing candle, RSI divergence) at the 1.08183 zone to go long toward higher highs. Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
EUROUSDT TRADING POINT UPDATE >READ THE CHAPTIAN Buddy'S dear friend SMC Trading Signals Update 🗾🗺️ Euro USD Traders SMC-Trading Point update you on New technical analysis setup for Euro USD ) Euro USD Technical patterns support level pullback up trend 📈🚀 1.08254 strong 🪨 support level target 🎯 point Resistance level 1.09580 good luck 💯💯 Key Resistance level 1.09580 Key Support 1.08254 Mr SMC Trading point Palee support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
GOLD TRADING POINT UPDATE >READ THE CHPTAIAN Buddy'S dear friend 👋. SMC Trading Signals Update 🗾🗺️ Euro USD Traders SMC-Trading Point update you on New technical analysis setup for Euro USD) Euro USD still going to bullish trend 🚀 analysis update 1.09483 rejected point below 👇 trend following support level again back up trand 1.09129 - 1.08959 support level buying zone ☺️ 🥂 Target 🎯 point 1.09865 good luck 💯💯🤞 Key Resistance level 1.09476 + 1.09865 Key Support level 1.09129 - 1.08959 Mr SMC Trading point Pales support boost analysis follow)
Long
by SMC-Trading-Point
EUR/USD Analysis: Bullish Breakout Towards 1.09524EUR/USD 30-Minute Analysis – Potential Bullish Breakout Towards 1.09524 📈 Key Observations: Support Level: Around 1.08700, acting as a critical area for price action. Resistance Zones: A key resistance area is visible around 1.09000 before reaching the target of 1.09524. Moving Averages: The 30 EMA (red) at 1.08747 is currently near price action, indicating short-term dynamic support. The 200 EMA (blue) at 1.08601 suggests a broader trend still in transition. Trendlines & Structure: A downward trendline has been broken, and price is now retesting previous resistance-turned-support. The expectation is a bounce from the support area leading to a potential bullish move. Potential Trade Setup: Bullish Scenario: If price holds above the 1.08700 support, a push toward 1.09524 could be expected. Bearish Scenario: A failure to hold the support may indicate a return to the 1.08600 region.
Long
by EA_GOLD_MAN_COPY_TRADE
EURCHF - BEARS ARE READY TO PUSH PRICE LOWERSymbol - EURCHF CMP - 0.9397 EURCHF has breached its trend support, disrupting its overall bullish structure. The strengthening of the US dollar is exerting downward pressure on the forex markets. The fundamental outlook for the Eurozone remains highly negative, primarily due to the policies of the Trump administration and broader US economic conditions, particularly with regard to the ongoing tariff dispute. The strengthening dollar generally creates a challenging environment for the markets. From a technical perspective, following the breakdown of the uptrend's support, bearish sentiment is solidifying as prices remain within the selling zone, confirming the dominance of the bears. Key resistance levels: 0.9380, 0.9417 Key support levels: 0.9329, 0.9294 While a retest of the reversal zone at 0.9400 is possible, attention should currently be directed to the 0.9380 level. A sustained consolidation below this level could trigger further downward movement.
Short
by akshit_official
EURUSD bulls have multiple challenges in keeping the reinsEURUSD braces for the biggest weekly gain since November 2022 while poking the 16-month high as markets await more clues to confirm the nearness of the Fed’s policy pivot. It’s worth noting, however, that the overbought RSI conditions and an ascending resistance line from November 2022, around 1.1250 by the press time, challenge the buyers of late. Even if the quote remains firmer past 1.1250, the 1.1300 round figure will act as additional checks during the further upside. Following that, the Euro bulls will put their eyes on the previous yearly high of around 1.1500. On the contrary, pullback moves remain elusive unless the EURUSD remains firmer past the previous resistance line from February, near 1.1180 at the latest, as well as the April 2023 high of around 1.1100. A clear break of which can direct the Euro sellers towards February’s high of around 1.1030 and then to the previous monthly high of around 1.1010, quickly followed by the 1.1000 psychological magnet. In a case where the Euro bears dominate past 1.1000, a convergence of the 50-DMA and the 100-DMA, near 1.0850, will be a tough nut to crack for them. Overall, EURUSD remains on the bull’s radar despite witnessing bullish exhaustion.
by MTradingGlobal
EURUSD bears need to break 1.0730 to regain commandA clear downside break of 200-SMA and a six-week-old ascending trend line allowed EURUSD bears to cheer the biggest weekly loss since September 2022, not to forget the snapping of the two-week uptrend. Although the Euro bears are well-set to revisit the previous monthly low of around 1.0790, an oversold RSI may help the sellers to take a breather. As a result, a horizontal area comprising multiple levels marked since mid-March around 1.0740-30, as well as the 61.8% Fibonacci retracement level of the pair’s March-April upside, becomes crucial support to watch. In a case where the quote remains bearish past 1.0730, the odds of witnessing a fresh Year-To-Date (YTD) low, currently around 1.0480, can’t be ruled out. Meanwhile, EURUSD recovery remains elusive unless the quote remains below a convergence of the 200-SMA and a one-week-long descending resistance line, close to 1.0960. Even so, the previous support line stretched from early April, near 1.1010 at the latest, may test the buyers before giving them control. Following that, the current yearly high marked in the last month around 1.1095 and the 1.1100 round figure will be in focus as a break of which could challenge the April 2022 peak of around 1.1185. Overall, EURUSD is likely to witness further downside but the bears have multiple challenges and need back-up from the key EU data/events to retake control.
by MTradingGlobal
EURUSD teases sellers on US inflation dayAfter multiple failures to cross the 1.1100 hurdle, EURUSD broke a five-week-old ascending support line as US Consumer Price Index (CPI) for April looms. The major currency pair’s bearish signal also gains support from the downbeat MACD and RSI conditions. However, the 50-DMA and 100-DMA levels, respectively near 1.0850 and 1.0785, can check the Euro bears before giving them control. Even so, tops marked during late 2022 around 1.0710 may act as the last defense of the buyers before directing prices towards the YTD lows of around 1.0515. Meanwhile, a corrective bounce remains elusive unless rising back beyond the previous support line stretched from early April, close to 1.1000 by the press time. Even so, a three-month-old upward-sloping resistance line, close to 1.1100, appears a tough nut to crack for the EURUSD bulls to regain their power. Following that, a run-up towards the late March 2022 high of near 1.1185 will be in the spotlight. Overall, EURUSD bulls have finally stepped back after multiple attempts to conquer the 1.1100. However, their defeat isn’t confirmed yet as the US inflation data and the key support can surprise markets. Hence, there prevails a need to be cautious while trading this key event.
by MTradingGlobal
EURUSD portrays bullish consolidation ahead of ECBEURUSD recently pierced a three-week-old symmetrical triangle as the European Central Bank (ECB) Interest Rate Decision looms. That said, the Fed-inspired run-up impresses the Euro bulls as the pair trades successfully beyond the 200-SMA amid a firmer RSI (14) line and bullish MACD signals. As a result, the quote is well set for rising to the fresh high since late March 2022, currently around 1.1095. The same highlights the 1.1100 round figure as a lucrative stop ahead of the 61.8% Fibonacci Expansion (FE) of the pair’s moves from April 03 to May 02, near 1.1130. Following that, the 78.6% FE and March 2022 peak of around 1.1180 and 1.1185 respectively could lure the pair buyers. Meanwhile, EURUSD sellers will need validation from the 200-SMA support of around 1.0915 to retake control. Even so, lows marked during April 10 and 03, close to 1.0830 and 1.0790 in that order, can check the bears before giving them control. In that case, the 61.8% Fibonacci retracement of the Euro pair’s March-April upside, surrounding 1.0735, may act as the last defense of the buyers before directing them to the YTD low marked in March around 1.0515. Overall, EURUSD buyers remain in the driver’s seat as they await the key central bank decision.
by MTradingGlobal
EURUSD bears take a break ahead of ECBEURUSD posted the biggest daily slump in six months as Credit Suisse headlines fanned risk aversion on Wednesday. The fall, however, needs validation from the 1.0555-50 support confluence, comprising the 100-DMA and 14-week-old ascending support line, as well as the European Central Bank’s (ECB) Monetary Policy Meeting. That said, a clear break of 1.0550, accompanied by a disappointment from the ECB could quickly drag the major currency pair towards the 200-DMA support of 1.0320. However, the 38.2% Fibonacci retracement level of the pair’s September 2022 to February 2023 upside, near 1.0460, could act as an intermediate halt during the anticipated slump. On the contrary, recovery moves require hawkish commentary, as well as a rate hike decision, from the ECB to aim for the 50-DMA hurdle surrounding 1.0725. Following that, the mid-February swing high of around 1.0810 could test the EURUSD bulls ahead of directing the run-up towards the previous monthly high, as well as the 2023 peak, of near 1.1035. Overall, EURUSD is on the bear’s radar but the quote’s further downside hinges on the key fundamental events and important support zone break.
by MTradingGlobal
EURUSD has bumpy road to north even as bulls keep the reinsA two-month-old ascending trend channel backs the EURUSD pair’s upside bias, despite multiple failures to cross the 1.0880 horizontal hurdle in the last week. That said, the 50-SMA and the 100-SMA restrict immediate downside around 1.0790 and 1.0700 respectively. Following that, the stated bullish channel could be at the test and hence the 1.0575 support will gain major attention. Should the quote drops below 1.0575, a slump toward the monthly low near 1.0480 appear imminent while any further downside won’t hesitate to challenge the lows marked during November. Meanwhile, a successful break of the one-week-old horizontal resistance near 1.0880 isn’t an invitation for the bulls as the top line of the aforementioned channel, close to 1.0910, will act as the last defense of the EURUSD bears. In a case where the pair rises past 1.0910, it could quickly rise to the 1.1000 round figure. It’s worth noting that January 2022 low and the late March 2022 high, respectively around 1.1125 and 1.1185, might probe the pair buyers before giving them full control. Overall, EURUSD stays inside a bullish chart formation and the oscillators are positive too. However, the upside momentum lacks acceptance and hence buyers should remain cautious.
by MTradingGlobal
EURUSD bulls have a long way ahead to take control as ECB loomsEURUSD fades a week-long recovery mode ahead of the key European Central Bank (ECB) meeting. The pullback could also be linked to the pair’s inability to cross the 100-SMA amid RSI retreat from overbought territory, which in turn suggests the further weakness of the quote. However, a weekly support line, now resistance, joins the 100-SMA near 1.0230 to challenge intraday sellers, a break of which could quickly drag the quote towards the previous Wednesday’s peak surrounding 1.0120. In a case where the major currency pair drops below the 1.0120 supports, the odds of its slump towards the parity level can’t be ruled out. However, bullish MACD signals probe the bears targeting the fresh yearly low, currency around 0.9950. Meanwhile, a sustained trading beyond the 1.0230 resistance confluence can direct short-term buyers towards the 38.2% Fibonacci retracement level of June 09 to July 14 downside, at 1.0265. Iff the EURUSD prices cross the 1.0265 resistance, a five-week-old horizontal area including the 50% Fibonacci retracement, near 1.0360-65, could challenge the buyers. It’s worth noting that a convergence of the 200-SMA and a downward sloping trend line from June 09, close to 1.0400, appears the last defense of the pair bears, a break of which could give control to the bulls. To sum up, EURUSD sellers seem flexing muscles ahead of the ECB’s widely known 0.25% rate hike and hence the region’s central bank should do more to defend the Euro buyers.
by MTradingGlobal