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Goldman and BofA agree: The dollar is losing its edgeGoldman Sachs now expects the EUR/USD to hit 1.20 by the end of the year. While this prediction draws comparisons to the 2017 rally in the pair, Goldman notes a key difference. This time, the pricing reflects pessimism in the US dollar, rather than optimism in the euro. Bank of America seemingly agrees and warns that even a “hawkish” dot plot at this week’s FOMC meeting, where Fed officials signal fewer rate cuts, may only cause a brief bout of euro weakness against the dollar. EUR/USD has recently broken out of a long-term descending triangle pattern, which capped price action from mid-April through early June, aligning with Goldman Sachs’ and BofA’s view of a broad EUR strength/ USD weakness. This recent pullback to the 1.1480 area is a retest of former resistance turned support, suggesting a potential continuation pattern if buyers defend this level.
by BlackBull_Markets
Euro can turn around and start to fall to support areaHello traders, I want share with you my opinion about Euro. Observing this chart, we can see how the price earlier dropped toward the 1.1360 support level and successfully broke it. Then we saw a short recovery move, but the price once again returned to the downside and retested the support line from below. After that, the market created a strong upward impulse, broke back above the 1.1360 level, and entered a phase of consolidation inside a range. This range held for some time, with price respecting both its upper and lower boundaries. Eventually, we saw a breakout from this consolidation, followed by another strong bullish impulse and a steady climb above the 1.1530 zone, where price is currently trading. However, the price has now approached a critical structure and is showing signs of weakening momentum. In my mind, the Euro may attempt one more small move up but then turn around and start declining toward the 1.1530 support level, breaking the ascending support line as well. That's why my TP is this support level, which coincides with the support area. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
13
EURUSD Last push before correction.The EURUSD pair made a new High by breaking above the 1.15725 Resistance and is extending the rally since the January 13 2025 Low. That Low was the Higher Low of the multi-year Channel Up, so the current uptrend is technically its latest Bullish Leg. The first Bullish Leg of that pattern peaked after a +15.75% rise. We expect a similar peak for the current rally, thus targeting 1.17750, before a new pull-back below the 1D MA50 (blue trend-line). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURO - Pirce can make movement up and then drop to $1.1420Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 After entering the wedge, Euro began to slow down, creating a tightening structure between support and resistance. Price corrected toward the support line of the wedge, where it briefly paused and bounced with weak momentum. The bounce triggered a breakout above local resistance, but buyers failed to hold the price at higher levels. Soon after, the market reversed from the wedge’s upper boundary and began forming a bearish rejection pattern. Now price trades just below the recent highs, showing fading demand and early signs of short-term reversal. I expect Euro to move lower and reach the $1.1420 support level — my current target in this scenario. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by WalterMoon
15
HelenP. I Euro may break suppot level and drop to trend lineHi folks today I'm prepared for you Euro analytics. Observing this chart, we can see how the price strongly declined and reached the trend line, where it found solid support and reversed. From that point, EUR began to grow, forming a clear upward pennant structure. This movement included a break above the local support level at 1.1485, indicating temporary bullish strength. However, despite this breakout, the price failed to secure a strong push through the resistance zone between 1.1485 and 1.1530, instead consolidating just below it. Now the chart shows clear signs of slowing upward momentum. The price remains inside the pennant, but current movement suggests potential weakness near the top boundary. Given the structure and previous reaction points, I expect EURUSD to break below the support level and move toward the trend line again. This would be a natural retest of the lower boundary of the pennant. That’s why I’ve set my target at 1.1365, a level that coincides perfectly with the trend line, offering a realistic area for price to react once more. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by FirstNameHelen
6
Euro can reach resistance line of channel and make correctionHello traders, I want share with you my opinion about Euro. Previously, price was trading inside a downward channel, gradually declining from the resistance line while forming a series of lower highs and lower lows. During that phase, sellers were clearly in control, and every attempt to grow was met with pressure near the channel’s upper boundary. However, that trend shifted once the price broke through the resistance line, confirming the end of the bearish momentum and the start of a new upward structure. After the breakout, EUR entered an upward channel, supported by multiple bullish impulses and consistent reactions near the support line. Price continued to rise, pushing through the support area and current support level around 1.1420. This upward movement showed strong bullish conviction, especially after the clean breakout and consolidation inside the channel body. Now the pair has approached the resistance line of the rising channel, where previous impulses typically slowed down or reversed. Given the channel geometry and past market behavior, I expect Euro to react to this upper boundary and move downward. For this reason, I set my TP at 1.1325, which aligns with the support line of the upward channel. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
17
EURO - Price will exit from pennant and then make correctionHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price reached $1.0950 level and then made a correction movement, after which started to grow in a pennant. Price made an upward impulse from support line of pennant and broke $1.0950 level, after which made a retest. Then price continued to move up and reached $1.1300 level, and soon broke it too, and then made a correction movement. After this, price rose to resistance line of pennant and then started to decline and soon broke $1.1300 level again. But later it boucned from support line and backed up, and even now it trades very close to resistance line. In my mind, Euro can rise a little, thereby exiting from pennant and then make a correction to $1.1300 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by WalterMoon
9
EUR/USD: Euro Pops Above $1.16 in Four-Year High. What’s Next?The dollar wobbles, Trump talks tariffs, and the euro’s got its dancing shoes on. The Euro Wakes Up, Stretching Its Legs at $1.16 Look who just rolled out of bed and decided to make a scene. For the first time in four years, the euro has finally leapt out of its slumber and sprinted to $1.16 — all at the expense of the US dollar, which continues to shed value. The FX:EURUSD isn’t just crawling higher. It’s flexing, fueled by dollar fatigue, political drama, and some very European stubbornness. So what’s behind the move? Why is the euro soaring while the European Central Bank is actually cutting rates? And what’s the dollar doing? Let's unpack it all — one central bank, one tweet, and one inflation print at a time. Trump’s Tariff Ping-Pong: Back On, Back Off Let’s start with the one thing that never quite leaves the headlines: Trump’s trade policy. Just when traders were catching their breath after some tariff reprieve on China, the market got pulled back into the mess. “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT,” Trump posted on Truth Social late on Wednesday, reigniting fears that the trade war is getting heated up again. Especially after a US squad of negotiators touched down in London and walked away with some promising news . Markets don’t love confusion. Investors especially don’t love a US trade policy that changes faster than the Nasdaq NASDAQ:IXIC during CPI week. This kind of noise erodes confidence in US economic leadership and — more importantly — in the dollar. The world’s most important currency is starting to feel… less important, less relevant, and less reliable. And while it’s not collapsing, it’s definitely catching fewer friends at the FX party. On the other side of the pond, the euro isn’t rising because Europe is crushing it (even though it’s doing pretty well against rival currencies, just check the forex heatmap ) — it’s rising because the dollar is slipping off its pedestal. So yes, the euro’s up. But this isn’t a standing ovation for Europe — it’s more of a polite shrug away from America. US Inflation Creeps Higher — And That Means a Cut? US inflation picked up to 2.4% in May but still left the door open for a cut by the Federal Reserve. So what does the market do? It prices in a cut. Lower rates mean lower yields on Treasuries, which means less incentive for global investors to hold dollars. And when the yield game turns dull, guess what gets more attention? Gold OANDA:XAUUSD — because if your asset doesn’t yield anything, at least let it be shiny. ECB Cuts Again, and the Euro Still Rises? Now here’s the riddle. The ECB last week cut its benchmark rate to 2% , hitting a two-year low. By all textbook logic, a rate cut should weaken the local currency. Here’s why it’s rising instead: Markets are forward-looking . The rate cut was expected and already priced in. What matters now is whether more cuts are coming (spoiler: not too many). Traders are betting the ECB is nearing the end of its easing cycle — and may turn neutral soon. The Fed looks more dovish . Rate differentials still matter. Even if the ECB is cutting, the Fed is expected to cut more over the next 12 months. That narrows the gap between euro and dollar yields, making the euro more attractive in relative terms. Eurozone data isn’t great — but it’s not falling apart either. While growth in the eurozone isn’t setting any records, it’s been just OK to support the currency. Inflation is cooling in line with ECB targets, unemployment remains low, and key sectors like manufacturing are showing signs of life. Put it all together and you get a euro that’s rising despite rate cuts — a phenomenon that would make FX professors tear their hair out, but makes perfect sense when you zoom out. Technicals: This Isn’t a Flash in the Pan From a chartist’s perspective, the FX:EURUSD breakout above $1.16 was a big deal. That level had acted as resistance since November 2021. Now cleared, a flurry of algo buys and retail FOMO might fuel the next leg in either direction. From the bulls’ perspective, momentum is picking up, and the euro looks poised to test $1.17–$1.18 if the dollar stays fragile (that said, keep your eye on any hot news coming out of the economic calendar ). RSI is not yet flashing overbought, and MACD is still screaming “more grounds to cover.” Question is: How long can the euro dance before the music changes? And we’re asking you — share your thoughts on the euro-dollar pair and let’s see who gets it right!
by TradingView
19
EUR/USD tests three-year ceiling Aside from a brief spike in April, EUR/USD has remained below 1.1500 for over three years. Sellers again have had to defend the zone following the weaker-than-expected US CPI release. The main resistance zone potentially spans all the way up to 1.1573 (the April high). Some indicators suggest potential room for further upside. The Relative Strength Index (RSI) has not yet reached overbought territory, and the Daily Moving Average is positively sloped. A break below the 4-hour Moving Average could trigger more selling pressure and a potential correction.
by BlackBull_Markets
EURUSD: Perfect spot to short.EURUSD is bullish on its 1D technical outlook (RSI = 62.082, MACD = 0.004, ADX = 31.112) as it is trading inside a Channel Up since the May 12th low. The 4H RSI sequence suggests that based on the Channel's first bullish wave, the market is now on the 4th count, which was previously the top (as close to the 1.786 Fibonacci extension as possible). We turn bearish here, targeting the 0.786 Fib level at the bottom of the Channel Up (TP = 1.13550). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Euro may reach seller zone and then continue to declineHello traders, I want share with you my opinion about Euro. In this chart, the price started to grow, bouncing from the support line, and soon reached the support level, which coincided with the buyer zone. Then it declined to support line, making the correction and then made an impulse up from this line to the resistance level, breaking the 1.1070 level. After this movement, the Euro made a correction and then continued to grow and broke the resistance level, which coincided with the seller zone, and even rose higher than the seller zone. But soon Euro turned around and started to decline and broke the 1.1455 level again, after which it declined to the support line inside the range. Price little grew near this line, but later broke the support line and continued to decline. It fell to the support level, which is the bottom part of the range, and then started to grow. Euro later reached the top part of the range, which is the resistance level, and not long time ago turned around and started to decline. So, after looking for this chart, I think that the Euro may enter to seller zone and then continue to decline inside the range. For this case, I set my TP at 1.1250 points. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
15
EURCHF Bullish break-out signal above the 1W MA50.The EURCHF pair has rebounded on its 1.5-year Support Zone. A break above its 1W MA50 (blue trend-line) is a bullish break-out signal that would target Resistance 1 at 0.96650. That is where it can potentially make contact with the 1W MA200 (orange trend-line) for the first time since March 01 2021. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURO - Price will strart to grow and exit from wedge patternHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Price entered to wedge pattern and at once dropped below $1.1455 level, breaking it and then some time traded below. It continued to decline and in a short time reached $1.1220 level and broke it, after which fell to support line. Then price started to grow and soon broke $1.1220 level one more time, after which made a retest and continued to grow. Euro rose to $1.1420 points and then corrected to support level, after which turned around and rose to resistance level. Recently price reached resistance level, but then it bounced and started to decline, and now it continues to fall. I think that Euro can decline a little more and then bounce up to $1.1550, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by WalterMoon
16
EURUSD Buy the next dip and target 1.17700The EURUSD pair has been trading within a Channel Up pattern and is currently on its 2nd Bullish Leg that hasn't yet been completed. It does print an identical price action to the 1st Bullish Leg of the pattern, having already made its first pull-back near the 0.382 Fibonacci retracement level and is now rising for the 2nd rejection. Our plan is to buy the next dip and target 1.17700, which is the -0.136 Fibonacci extension, the level where the 1st Bullish Leg topped. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Nato and EU meetings could lift EUR/USD further Despite believing the euro is currently overvalued, Bank of America prefers it to the US dollar, Swiss franc and Japanese yen. Bank of America thinks the EUR could be supported leading up to the NATO and EU summits (June 24-27) especially if defense spending is confirmed. German infrastructure spending might also be expected to support the euro. The EUR/USD holds above the 20- and 50-period EMAs at 1.1380–1.1360 and is comfortably above the 200-period EMA. The recent pull-back from 1.14930 has eased momentum slightly. A close above 1.1420 could target 1.1470, then 1.1520. A sustained break below 1.1280 could neutralise the bullish bias.
by BlackBull_Markets
Euro will correct a little and then continue to move up nextHello traders, I want share with you my opinion about Euro. Observing this chart, we can see how the price entered to upward channel, where it at once dropped from the resistance line to the support line and then started to grow. In a short time price rose to the 1.1210 level, broke it, and even rose a little more, but soon turned around and declined to the support line of the channel. Then the Euro made an upward impulse, and then broke the 1.1210 level one more time and continued to grow inside the channel. Later price reached the resistance line of the channel and then corrected, after which, in a short time rose to the support area, breaking the 1.1400 level. But soon the price turned around and dropped to the 1.1210 level, thereby exiting from channel. Next, Euro continued to grow inside the wedge, where it rose to the current support level and soon broke it. After this, the price rose to the resistance line of the wedge and then corrected, after which it made an upward impulse. Price exited from the wedge, and now I think that the Euro can make a correction, after the rise, and then continue to grow next. That's why I set my TP at 1.1560 points. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
7
EURCHF: Fierce consolidation prompts to a bullish breakoutEURCHF is neutral on its 1D technical outlook (RSI = 52.253, MACD = 0.000, ADX = 26.091) as it has been consolidating since the April 25th high. Since then it has failed to close a 1D candle above the 1D MA200. Given the strong presence of the S1 Zone, if we get that closing above the 1D MA200, we will turn bullish, aiming for the 0.618 Fibonacci retracement level (TP = 0.94900), like the March 14th high did. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
HelenP. I Euro may continue to decline to trend lineHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price reached the trend line and then started to grow inside a triangle pattern. Price some time traded near the trend line and then made an impulse up to the support level, which coincided with the support zone, and then made a correction, after which it turned around and made an impulse up one more time, breaking the support level. The euro reached the resistance level, which coincided with the resistance zone, and then made a small correction, after which it continued to move up and rose to the resistance line of the triangle. But then the Euro dropped below the resistance level, breaking it, and then continued to decline, after a retest. Price fell to the support zone, where it rebounded from the trend line, which is the support line of the triangle as well, and then started to grow. The euro has grown to a resistance zone, but recently it started to fall and now trades below the 1.1425 resistance level. So, I think that EURUSD will enter to resistance zone one more time and then continue to fall to the trend line. For this case, I set my goal at 1.1305 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by FirstNameHelen
5
EURJPY Be ready to sell soon.Last time we looked at the EURJPY pair (February 26, see chart below), we gave a clear buy signal that wasted no time hitting straight our 162.250 Target: With the Lower Highs trend-line now broken, a new pattern has emerged and that's a (blue) Channel Up. The current Bullish Leg is headed straight to the 8-month Resistance Zone, so we will be turning bearish there, targeting the 1D MA200 (orange trend-line) at 162.250. ------------------------------------------------------------------------------- ** 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