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EUR/USD Short Setup: Leveraging the Retrace for a Downtrend PlayEUR/USD has retraced slightly, offering a good entry point for a short trade. The pair remains bearish, trading below the 200-day MA, with strong resistance near 1.062 holding firm. Targeting the 1.0400 price area, this trade aligns with the broader downtrend, supported by both technical and fundamental factors. Technical Overview: The current trend is bearish, with the pair respecting lower highs and significant resistance at the 200-day MA. The initial target is set around 1.0495, with the long-term aim at 1.0400. Price action confirms a sell opportunity as the retrace reaches resistance areas. Fundamental Context: The U.S. Dollar has regained strength, driven by optimism around pro-growth policies and a solid DXY rally. Meanwhile, the Fed remains cautious on rate cuts, signaling slower changes ahead. In the Eurozone, the ECB continues a dovish approach, focusing on inflation concerns while speculative short positions on the Euro rise. This reinforces the bearish outlook for EUR/USD. Upcoming speeches and economic data, including Lagarde’s address and U.S. TIC flows, could further influence the pair’s movement. This short trade aims to capitalize on the retrace within a bearish structure. With clear resistance levels and supportive fundamentals, the setup targets a move toward 1.0400. Risk management remains key as market conditions evolve. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Short
by AR33_
4
EURUSD SELL NOW on MondayEUR/USD remains in positive ground on Friday, as profit-taking hit the US Dollar ahead of the weekend. Still, Powell's hawkish shift and upbeat United States data keeps the Greenback on the bullish pathFurther losses could see EUR/USD testing its 2024 low at 1.0495 (November 14), before the 2023 bottom at 1.0448 (October 3). On the upside, immediate resistance lies at the 200-day SMA of 1.0865, seconded by the November high at 1.0936 (November 6) and the provisional 55-day SMA at 1.0947. In addition, the short-term technical outlook remains bearish as long as EUR/USD stays below the 200-day SMA. The four-hour chart highlights accelerating downward momentum, with key support levels at 1.0495 and 1.0448. On the upside, initial resistance appears at 1.0653, followed by 1.0726. The RSI rebounded above 32.Looking forward, potential trade policies from the Trump administration, including tariffs on European and Chinese goods, could push US inflation higher. If the Fed adopts a cautious or hawkish stance, it may continue to lend support to the US Dollar.
by KingForex078
EURUSD POTENTIALLY BEARISHWe saw a massive strength gain to the USD yesterday which shifted a lot of expectations in the market direction. The previous low @1.07682 on FX:EURUSD was broken and now we are seeing market back at the zone again for a retest. If the zone holds as a new found resistance, and we see some form of price action candle to confirm the exhaustion of the retest, I will go in for a short (sell) with targets at 1.05147 and 1.00773. Until then we keep our fingers crossed. For every position you look to trade, use proper risk management as past results does not guarantee future results. #EURUSD
Short
by Mbjoey
2
EUR/USD (aka) "FIBER" Bank Money Heist Plan on Bullish Side.Hola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/USD (aka) "FIBER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 1h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit
Is The EURUSD Set For Possible Bullish Move? Is The EURUSD Set For Possible Bullish Move? Key Price Action Signals to Watch For.. 👀👉 EURUSD is displaying strong bearish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
by fxtraderanthony
EUR/USD shows potential (READ DESCRIPTION)Pivot Point: 1.0860 EUR/USD shows potential for an upward move, with projected gains of 27 - 42 pips, supported by a pivot level at 1.0860. Our Preference: Long Positions Consider long positions above 1.0860 with the following target levels: Primary Target: 1.0900 — this level may serve as the first resistance, where some consolidation or minor retracement could occur. Secondary Target: 1.0915 — if this level is reached, it may indicate stronger bullish momentum, potentially supporting further advances. Alternative Scenario: Downside Potential If EUR/USD dips below 1.0860, consider a move lower with targets: First Target: 1.0845 — an intermediate support level that could act as a buffer for downward momentum. Second Target: 1.0830 — a more substantial support level that may result in either a consolidation or a sustained bearish push if breached. Technical Indicators & Analysis Relative Strength Index (RSI): The RSI indicates consolidation but remains above its neutrality area at 50, suggesting moderate upward momentum. Moving Average Convergence Divergence (MACD): The MACD may be nearing or above its signal line, reinforcing a slight bullish trend; however, a potential cross below could indicate a return to consolidation or slight bearish pressure. Moving Averages: EUR/USD is positioned above its 20-period and 50-period moving averages, signaling a short-term bullish trend with support for the upside move. Key Levels & Price Action Outlook Above 1.0860: A sustained move above this level can support gains toward 1.0900 initially. Consolidation may occur at this level, but continued strength would open up 1.0915, which is a more substantial resistance level and an extended target for long positions. Below 1.0860: Dropping below this pivot could lead to further declines. 1.0845 may serve as an initial support, and a break here could lead to a test of 1.0830. This deeper level may offer stronger support and could signal either a bottoming for a potential rebound or a continuation of bearish movement.
by CharivapaAlgo