Get started

Eurusdtradeidea

EURUSD - Short trade FX:EURUSD Based on swing trade idea, using Fibs on daily TF, I see an opportunity to short this pair using fibs level and price action, swing high and swing low on higher time frames. Also EMA 200-100-50-20 indicate a strong downtrend Current short move started from around 1.126 where EUR/USD finds the resistance level Last 3 highs and lows create an rising channel but overall the pair is bearish and if we move to Monthly TF can observe better the area were we are, testing the previous support that becomes resistance for current move.
Short
by Andrei_C
EURUSD: What happens next if the news is still intriguing?The EUR/USD pair hovers around 1.0900 ahead of Wall Street’s close, holding on to modest intraday gains. The US Dollar failed to attract speculative interest despite a generally sour mood. Asian stocks edged lower as Chinese real estate sector woes continue, while the local central bank was unable to impress. The People’s Bank of China (PBoC) cut the one-year Loan Primer Rate by 10 basis points (bps) to 3.45% on Monday, as expected, following similar measures last week. The Yuan fell with the news, as speculative interest was waiting for a more aggressive measure to support the local currency. Support levels: 1.0860 1.0825 1.0790 Resistance levels: 1.0930 1.0960 1.1005
Short
by Sphyn-Trader
2
EUR/USD Faces Potential Losses Below 200-Day SMA Amid Weaker PMIThe EUR/USD currency pair is testing the critical 1.0800 region, with potential further losses expected below the 200-day SMA. Preliminary PMI data shows manufacturing resilience but weakness in services in key Eurozone countries. A soft technical outlook and extended losses near the 200-day moving average underline the pair's vulnerability. Key support and resistance levels must be closely monitored, as the current trend indicates a continued downward trajectory. Market sentiment and economic data are driving these dynamics. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Downward TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.0800 ✅TAKE PROFIT: 1.0750 ❌STOP LOSS: 1.0835 ANALYSIS: With the combination of soft PMI data and a weak technical outlook, the EUR/USD pair seems set to continue its downward trend. The significant 200-day SMA has been tested, and a breach below this level could instigate further losses. Support levels identified at 1.0750/1.0775 and resistance at 1.0835/1.0845 set clear parameters for the trade. FINAL THOUGHTS: The current market sentiment and technical analysis point toward a potential sell opportunity for EUR/USD. A well-defined trade plan, with a close watch on key support and resistance levels, will be essential in navigating this opportunity. The trade reflects both immediate market reactions and future financial implications, demanding a strategic and vigilant approach.
Short
by RichDadph-FX
EURUSD 30M Support and Resistance LevelsThe EUR/USD currency pair, a popular representation of the Euro against the US Dollar, is exhibiting notable price dynamics on the 30-minute chart. Let's delve into the crucial support and resistance levels that are currently shaping the market sentiment. Support Level: Support 1 at 1.08440: The price action has shown significant adherence to the support level at 1.08440. This level is acting as a safety net against downward movements, with buyers consistently entering the market around this point. Traders and analysts will be keenly observing the behavior of the price near this level, as a breach might signal increased selling pressure. Resistance Levels: Resistance 1 at 1.09354: The 1.09354 resistance level has served as a key barrier for upward movements. The price has encountered difficulty surpassing this level, suggesting a presence of selling interest. Traders will be closely monitoring any sustained price action above this level, as it could indicate a shift towards a more bullish sentiment. Resistance 2 at 1.09609: Moving higher, the price faces the 1.09609 resistance level. A convincing break above this mark could pave the way for further bullish momentum, potentially attracting more buyers to the market. In the current market landscape, understanding these pivotal levels is crucial for traders and investors. The support at 1.08440 acts as a safety net against potential downward pressures, while resistance at 1.09354 and 1.09609 represents significant obstacles for upward movements. Observing how the price reacts around these levels provides valuable insights into short-term price trends and potential breakout scenarios. In summary, the EUR/USD 30-minute chart demonstrates the impact of these support and resistance levels on the market's behavior. Traders should remain attentive to shifts in price action around these levels, as they offer valuable guidance in assessing potential trading opportunities and market sentiment.
by enclavefx_Analaysis
EURUSD - RSI SIGNAL ANALYSISEURO/USD RSI SIGNAL ANALYSIS - Diagonal parallel channel acting as confinement zone for price, good for timing buys/sells and for stops above or below. - Red zones on the chart are oversold levels and green are overbought. RSI OVERSOLD - Can remain oversold for 28 - 30 weeks - Prime time window to buy is from week 26 - 28 RSI OVERBOUGHT - Can remain overbought for 17 - 22 weeks - Prime time window to sell is from week 17 - 22 - An RSI double top pattern has signaled the last overbought tops. You can also clearly see the relevance of the POC Line which price oscillates around or has trouble with breaching. We can observe what happens the next time the RSI is oversold or overbought and maybe we can use these weekly time windows to better gauge a buy or sell opportunity. PUKA
by PukaCharts
EUR/USD 30M Support and Resistance LevelsSupport Level 1 (1.09105): At 1.09105, we observe the first level of support for the EUR/USD. This level has historically demonstrated its ability to halt downward price movement. Traders are advised to keep a watchful eye on this level, as any price action around 1.09105 could potentially signal a shift towards upward momentum. Resistance Level 1 (1.10050): The 1.10050 level serves as the initial resistance for the EUR/USD. A successful breach above this level might suggest a potential bullish breakout, possibly indicating an extension of upward gains. Traders should closely monitor how the price reacts around 1.10050 for potential bullish signals. Resistance Level 2 (1.10484): At 1.10484, we encounter a more formidable resistance level. Surpassing this level could signify a stronger bullish move in the near term. However, traders should exercise caution, as historical data indicates that breaching this level has been a challenging endeavor. Conclusion: To sum up, an examination of the 30-minute chart of EUR/USD illuminates crucial support and resistance levels that traders should be attentively observing. The support at 1.09105 is pivotal for potential reversals or the continuation of an ongoing trend, while resistance at 1.10050 and 1.10484 provides insights into potential bullish breakouts. It's important to remember that technical analysis serves as a guide, and prudent risk management practices are vital when navigating the dynamic landscape of forex markets. Always approach trading with careful consideration of the associated risks and rewards, as markets can be unpredictable despite the insights gleaned from analysis.
by enclavefx_Analaysis
EURUSD 30M Support and ResistanceIn the world of forex trading, deciphering technical levels is akin to navigating a map in uncharted waters. This concise analysis delves into the 30-minute chart of EUR/USD, shedding light on vital support and resistance levels that can empower traders in their decision-making. Support Level 1: 1.09514 Our journey begins with a prominent support level of 1.09514. This historical anchor showcases instances where EUR/USD has found stability amidst downward trends. Traders are keenly observing this level, as a rebound could indicate an impending upward shift. Conversely, a breach might imply further declines, underscoring the role of this support in gauging market sentiment. Support Level 2: 1.09344 As we delve deeper, the second support at 1.09344 comes into focus. This level acts as a reinforcing foundation, potentially providing a safety net if the price encounters downward pressure. Traders are attuned to any signs of the price respecting this level or potentially dipping below, which could lead to heightened market activity. Resistance Level 1: 1.09900 Venturing upwards, we encounter the first resistance at 1.09900. This juncture has consistently challenged upward momentum, representing a significant hurdle to overcome. A successful breach might herald a continuation of a bullish trend, while a retreat could result in range-bound movement. Traders are closely monitoring the price's reaction around this resistance level to assess its potency. Resistance Level 2: 1.10100 Building on the prior resistance, the second level at 1.10100 presents a pivotal milestone. Its significance lies in the potential for a price surge after surpassing the initial resistance. However, it also serves as a likely point for profit-taking, potentially causing temporary slowdowns or reversals. Traders are attuned to the interplay between upward momentum and resistance intensity. Resistance Level 3: 1.10500 The final resistance at 1.10500 stands as the ultimate challenge before scaling higher peaks. If EUR/USD clears the preceding resistance levels, conquering this juncture might signal a robust upward surge. Traders, however, must be prepared for heightened volatility and potential corrective moves around this level. In summation, the EUR/USD 30-minute chart paints a dynamic picture characterized by crucial support and resistance zones. Traders scrutinize how the price interacts with these levels to discern short-term sentiment and potential market direction. While these levels are invaluable guides, a comprehensive analysis, coupled with prudent risk management and consideration of broader market trends, remains paramount for crafting effective trading strategies.
by enclavefx_Analaysis
EUR/USD Market Dynamics: Comprehensive Analysis for Sept. 2023The EUR/USD market analysis reveals a complex landscape in September. Concerns over the Euro's weakness are raised by prominent institutions, while key support levels hold. The contrast between the US and the Eurozone's economic situations and concerns over inflation drive market sentiment. Scotiabank's analysis indicates potential gains above 1.10, but the market faces near-term uncertainties. Traders are eyeing upcoming economic data to shape their strategies. ANALYSIS: Fundamental Analysis: The Eurozone's economy is showing signs of weakening, and there's potential speculation about a rate cut. The uncertainty surrounding ECB policy contrasts with a relatively more robust economic outlook in the US. Technical Analysis: EUR/USD is currently trading near resistance at 1.0990. The 55-day and 100-day SMAs at 1.0930 and 1.0924 provide interim support, with significant support at 1.0912. Resistance at 1.1040/45 acts as a crucial barrier. TRADE IDEA DETAILS CURRENCY PAIR: EUR/USD CURRENT TREND: Range-bound with a downside bias TRADE SIGNAL: SELL (Based on the Eurozone's economic weakness and technical resistance levels) 👉ENTRY PRICE: 1.0990 (Current resistance level and near-term high) ✅TAKE PROFIT: 1.0912 (August low, representing a key support level) ❌STOP LOSS: 1.1040/45 (Potential bullish trigger, marking a critical resistance area) The collective analyses paint a mixed picture for EUR/USD, with underlying economic fundamentals and technical indicators guiding market sentiment. As September approaches, traders and market strategists will closely monitor key economic data and central bank positions, balancing optimism with caution in the face of potential challenges for the Euro. Attention to these factors will likely be instrumental in shaping trading strategies and investment decisions for the EUR/USD currency pair in the coming month.
Short
by RichDadph-FX
EURUSD Analysis 7Aug2023At the end of the week, the trendline is holding steady and there are limits to the potential returns. However, we can observe that the bearish trendline has been positively responded to three times, which is often a signal that the bearish trend is still dominant. Additionally, there is a liquidity area (highlighted in yellow) below SND that typically receives a positive response from the price in the future. It is likely that the price will fall further than the liquidity area.
by Hokusai_FX