DeGRAM | EURUSD Breaks the Downward Wedge📊 Technical Analysis
EUR/USD trades in a rising channel, holding support.
- Price broke out of a falling wedge and retested 1.1350, confirming bullish momentum.
- Resistance lies at 1.1500–1.1550.
✨ Summary
Confirmed wedge breakout support EUR/USD growth. Above 1.1350, targets: 1.1500–1.1550 and 1.1650–1.1840 medium term.
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Eurusdanalysis
EURUSD Short Term Buy Idea Update!!!Hi Traders, on April 15th I shared this idea "EURUSD Short Term Buy Idea"
Expected retraces and further continuation higher until the strong support zone holds. You can read the full post using the link above.
Price is moving as per the plan!!!
Retraces happening as expected, my bullish view still remains the same here.
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EUR/USD Maintains Bullish Structure 5th Wave Extension UnderwayThe overall trend of EUR/USD appears upward when observed from a higher time frame, indicating that the 4th wave has completed and the 5th wave is in formation. Within the main 5th wave, sub-waves are developing, and it seems we are currently in the sub-wave of the 5th sub-wave. Once this sub-wave completes, the main 5th wave is also expected to complete.
The invalidation level for this structure is at 1.10920 . If the upward move continues as expected, potential targets could be seen around 1.14683 and 1.15894
EUR/USD Bullish Setup – Targeting 1.16950Entry Zone (Buy Area): Between 1.12729 and 1.13101
Stop Loss: 1.12100
Target (TP1): 1.16950
Risk-Reward Ratio (R:R):
Risk: 1.13101 - 1.12100 = 101 pips
Reward: 1.16950 - 1.13101 = ~385 pips
R:R ≈ 1:3.8 — excellent risk-to-reward
📈 Technical Observations
Bullish Momentum: Strong bullish candles leading into the setup suggest buyers are currently in control.
Support Zone (Entry Area):
The purple zone has acted as a previous resistance, now turned support.
Price may retest this zone before moving higher (as indicated by the blue path on the chart).
Moving Averages:
Red (likely 50 EMA) and blue (possibly 200 EMA) are showing a bullish crossover.
Price is above both MAs, reinforcing a bullish trend.
Projected Move:
The setup anticipates a pullback before a continuation to the upside toward 1.16950.
🧠 Trade Idea Summary
This is a buy-the-dip strategy within a bullish trend.
Entering on the pullback allows for:
Tighter stop loss
Better entry price
Higher R:R ratio
⚠️ Risk Considerations
A break below 1.12100 would invalidate the setup.
Monitor for bearish reversal patterns or news around the EUR/USD that might shift sentiment.
DeGRAM | EURUSD Bullish Breakthrough📊 Technical Analysis
- Uptrending channel
The chart shows stable price movement inside the ascending channel, where the price is bouncing off the lower support line and aiming for the upper one.
- Key resistance
The main barrier is fixed around $1.135. A breakdown of this level promises further growth.
- Predictive scenario
A solid breakdown of the resistance confirms the bullish bias, which may lead to further upside.
💡 Fundamental Analysis
The publication of key macroeconomic indicators (inflation, labor market data, PMI) may push the price to confirm the technical scenario. Stability in the Eurozone with positive data will contribute to growth, and favorable for the US - on the contrary, strengthening the bearish momentum.
✨ Summary
The technical picture in the form of an ascending channel with the key resistance at $1.135 is combined with positive fundamental factors. A breakdown of the resistance is a signal for the continuation of growth. Watch the news and macro data to confirm the scenario!
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EURUSD Short Term Buy IdeaH4 - Strong bullish momentum
Higher highs on the moving averages of the MACD
No opposite signs
Expecting retraces and further continuation higher until the strong support zone holds.
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EUR/USD Closing the Symmetrical Triangle PatternEURUSD is trading bullishly but has eased after hitting a high of $1.1470. Currently, it trades sideways near $1.1342. Despite the bullish trend, the pair is overbought and may dip below $1.1296 toward $1.1296 support.
If bulls close above $1.1470, a further rally could target $1.1710.
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EURUSD TECHNICALS & FUNDAMENTALS🧱 Wave Structure & Pattern
Wave (1)–(5) structure is complete with strong impulse.
Wave (5) looks extended with a steep angle — could mean temporary exhaustion before a pullback or sideways correction.
Volume surged heavily during Wave (5), suggesting high participation and buying climax potential.
✏️ Key Levels:
Current Price: ~1.1394
Support Zone: Around 1.1300–1.1250 (previous resistance = now support)
Next Resistance Levels:
Minor: 1.1450
Major: 1.1600 (psychological and historical)
📈 Trendlines:
Clear rising trendline support from late January — keep an eye on any break below for early reversal signs.
A healthy retest of the 1.1300 zone could offer a long re-entry if bullish structure holds.
⚠️ Risk Watch:
After a 5-wave move, expect either an ABC corrective phase or a consolidation range.
Don’t get faked out by small pullbacks — corrections are normal after strong impulses.
🧠 Fundamental Analysis
📰 Key Drivers Today:
🇺🇸 U.S. Data / Sentiment:
Retail Sales (March) — stronger data could push the USD higher, putting pressure on EUR/USD.
Fed’s rate outlook: any hawkish hints from FOMC speakers or stronger data can boost USD.
🇪🇺 Eurozone Factors:
ECB’s recent dovish pivot is in focus.
German ZEW Economic Sentiment release is coming — a major sentiment mover.
Slower EU inflation data may keep ECB from tightening further, limiting euro upside unless the dollar weakens.
💸 Bond Yields & Dollar Index (DXY):
Rising U.S. yields or a DXY bounce could be a headwind.
DXY is hovering at key support — a rebound could stall EUR/USD's rally.
📊 Sentiment Overview:
Short-term: Bullish, but approaching overbought.
Medium-term: Cautious bullish — possible retest of support before continuation.
Macro: Dependent on U.S. data surprises and ECB tone.
🔍 Summary & Strategy Thoughts:
Bias Levels to Watch Trigger Idea
⚡ Bullish Break above 1.1450 Target 1.1600 if dollar weakens further
⚠️ Neutral / Pullback Retest of 1.1300–1.1250 support Buy-the-dip zone if trendline holds
🐻 Bearish (Short-Term) Break below 1.1250 Possible deeper correction toward 1.1100–1.1050
EUR/JPY Eyes Breakout — Can Bulls Push Through Resistance?EUR/JPY Weekly Chart Analysis
EUR/JPY is holding strong above a rising trendline that’s acted as support since 2022. The pair recently bounced from a key support zone and is now testing a major resistance area.
A breakout above this zone could trigger a bullish continuation, while rejection may lead to another pullback toward the trendline.
Key Levels:
Support: 153.5–155.0
Resistance: 163.5–165.0
Watch for: Weekly close above resistance for bullish confirmation.
Structure remains bullish as long as the trendline holds.
Expecting more USD selling overall: Weekly Market PreviewIn this video I go over last week's epic volatility and what I am looking for going forward.
Long positions on EUR/USD at 1.0980 will remain in tact and still eyeing a target of 1.2000 out of the falling wedge displayed on both the monthly and quarterly charts.
I do expect some pullback after a massive move to the upside to end the week however, the bull can become relentless and continue it's strength due to the U.S. Dollar weakness across the board.
USD/JPY is another one I am watching and initiated a short position at 143.31 with a target at 133. If the large weekly broadening pattern runs it's course, I expect for that target to get hit.
Tech may get relief after Trump announced over the weekend that there will be exemptions but the market can remain irrational and continue overall weakness especially since the U.S. economy as a whole is not well.
Hope you enjoy the video and we'll see what we get this upcoming week, especially with Federal Reserve Powell set to speak on Wednesday.
As always, Good Luck & Trade Safe.
EURUSD Approaching Major Resistance - Will Sellers Step In?OANDA:EURUSD is approaching a major resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again.
The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.09742 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
DeGRAM | EURUSD retest of the upper boundary of the channelEURUSD is in an ascending channel above the trend lines.
The price is moving from the upper boundary of the channel.
The chart has already reached the triangle exit target.
RSI is in the overbought zone and a bearish divergence has formed on the 30m Timeframe.
We expect a correction.
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DeGRAM | EURUSD held in the channelEURUSD is in an ascending channel between trend lines.
The price is moving from the lower trend line, which has already acted as a rebound point, and the lower boundary of the channel, above which it has successfully consolidated.
The chart formed a harmonic pattern while testing the boundaries and is now approaching the upper boundary of the triangle.
On the main timeframes RSI is above 50 pips, but 30m is overbought.
We expect EURUSD to continue rising after consolidating above the upper trend line.
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EUR/USD Bullish Breakout & Retest Setup – Targeting 1.10955Instrument: EUR/USD
Timeframe: 30-Minute
Indicators Used:
EMA 30 (Red): 1.09821
EMA 200 (Blue): 1.09698
Key Levels Identified:
Entry Point: 1.09695
Stop Loss: Around 1.09067
Resistance Zone: ~1.09911
Target Zone: ~1.10918 to 1.10955
Projected Gain: ~147.3 pips (1.35%)
Price Action Analysis:
Bullish Breakout:
The price broke out from a consolidation zone (marked in purple).
A bullish trend is forming as price moves above the 200 EMA.
EMAs Alignment:
The 30 EMA is currently above the 200 EMA, indicating a potential bullish trend continuation.
However, price is slightly below the 30 EMA now, suggesting some short-term pullback or resistance.
Retest at Entry Zone:
Price retested the entry zone at 1.09695 after the breakout and is now hovering near it.
This retest is healthy for confirming support before another move up.
Trade Setup Insight:
Entry Strategy: A long (buy) entry at or around 1.09695.
Stop Loss Placement: Below the previous support zone near 1.09067 to manage risk.
Target Strategy: Aiming for the resistance zone around 1.10918–1.10955 for profit booking.
Conclusion:
This looks like a bullish continuation setup with a favorable risk-reward ratio. The confluence of:
EMA support,
Price structure (breakout & retest),
and defined resistance/target zone
DeGRAM | EURUSD came out of the triangleEURUSD is in an ascending channel above the trend lines.
Price is moving from the lower trend line, lower channel boundary and support level.
The chart, maintaining the ascending structure, has exited the triangle and is holding above the support level coinciding with the 38.2% retracement level.
The relative strength index is above 50 pips on the major timeframes.
We expect a retest of the current support level with further movement towards $1.1145.
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EURUSD Found Support at $1.0992FenzoFx—EUR/USD trades bullish above the immediate support level of $1.0992, in conjunction with the 50-period simple moving average.
The bullish trend remains valid above this level. In this scenario, the price can potentially revisit $1.1090, followed by $1.1147.
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Market Analysis: EUR/USD Resumes IncreaseMarket Analysis: EUR/USD Resumes Increase
EUR/USD started a fresh increase above the 1.0950 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a decent upward move from the 1.0880 zone against the US Dollar.
- There was a break above a key bearish trend line with resistance at 1.0955 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.0775 zone. The Euro cleared the 1.0950 resistance to move into a bullish zone against the US Dollar, as mentioned in the last analysis.
The bulls pushed the pair above the 50-hour simple moving average and 1.1000. Finally, the pair tested the 1.1150 resistance. A high was formed near 1.1146 before the pair corrected gains. It dipped below 1.1000 and tested 1.0880.
The pair is again rising from the 1.0880 zone. There was a break above a key bearish trend line with resistance at 1.0955. The pair climbed above the 50% Fib retracement level of the downward move from the 1.1146 swing high to the 1.0880 low.
Immediate resistance on the EUR/USD chart is near the 1.1045 zone and the 61.8% Fib retracement level of the downward move from the 1.1146 swing high to the 1.0880 low.
The first major resistance is near the 1.1080 level. An upside break above the 1.1080 level might send the pair toward the 1.1145 resistance. The next major resistance is near the 1.1165 level. Any more gains might open the doors for a move toward the 1.1200 level.
Immediate support on the downside is near the 1.0955 level. The next major support is the 1.0880 level. A downside break below the 1.0880 support could send the pair toward the 1.0830 level. Any more losses might send the pair into a bearish zone toward 1.0775.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURUSD Sell and Buy Trading Plan Update!!!Hi Traders, on March 19th I shared this "EURUSD Sell and Buy Trading Plan"
I expected short term bearish moves towards the Fibonacci support zones and then continuation higher. You can read the full post using the link above.
Price moved as per the plan here!!!
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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EUR/USD Bullish Reversal Setup – Buy from Demand Zone Near 200 EEMA 30 (Red): 1.09984
EMA 200 (Blue): 1.08869
🧠 Trade Idea: Long (Buy) Setup
📍 Entry Zone (Support/Buy Area):
Entry Point: Around 1.08868 – 1.08869
This zone aligns with the 200 EMA, acting as dynamic support.
There's also a clear demand zone (purple box), indicating historical buying interest.
⛔ Stop Loss:
Set at 1.08080
Placed below the demand zone to minimize risk if support fails.
🎯 Take Profit (Target):
Target Point: Around 1.11452
Coincides with a previous supply zone/resistance area (top purple box).
⚖️ Risk-to-Reward (R:R):
Risk: ~80 pips
Reward: ~250 pips
R:R Ratio: ~3.1:1 — A solid risk-to-reward setup.
🔍 Market Structure Observations:
Recent bullish momentum followed by a correction.
Price is approaching major support (near 200 EMA).
Likely scenario: Pullback into the demand zone, then bullish continuation toward the target.
EURUSD - UniverseMetta - Analysis#EURUSD - UniverseMetta - Analysis
W1 (Weekly Timeframe)
🔹 Price has reached the 261 Fibonacci level, marking the completion of the 5th wave.
🔹 This level also aligns with a major structure established back in 2023.
🔹 To confirm potential short opportunities, it's recommended to:
• Wait for a confirmed fractal on W1
• Look for reversal patterns on lower timeframes (D1 / H4)
D1 (Daily Timeframe)
🔹 Possible development of a 1st wave within an expanding triangle structure.
🔹 All recent movements appear corrective until a valid 2nd wave begins to form.
🔹 Nearest downside targets:
• 1.08264
• 1.07184
H4 / H1 (4H / 1H Timeframes)
🔹 Potential start of wave C on H4
🔹 Triggered by the formation of the 3rd wave + breakout from the descending channel on H1
🔹 Trade setup details:
Entry: 1.09501
Take Profits (TP):
1. 1.08264
2. 1.07184
3. 1.06163
4. 1.04493
Stop Loss: 1.10620
📌Conclusion:
EURUSD has hit a major resistance zone (261% Fibo), which may mark the end of the bullish 5-wave structure. A correction or reversal could follow.
Lower timeframes offer early opportunities to enter wave C, with confirmation via fractals and breakouts.
Use tight stops and respect your risk management.
DeGRAM | EURUSD will continue to decline in the channelEURUSD is in an ascending channel between the trend lines.
The price is moving from the upper boundary of the channel and has already successfully consolidated under the 62% retracement level.
We expect the chart to continue the decline towards $1.084
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DeGRAM | EURUSD preparing for the pullbackEURUSD is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support.
We expect a pullback after a retest of the upper channel boundary.
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