Get started

Euro vs US Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURUSD.P trade ideas

EUR downtrend under pressureEUR/USD is currently showing a volatile downward trend, with prices hitting key support and resistance areas many times, and no significant directional breakthrough has occurred. From the overall trend, prices have been falling since the high of 1.05230, breaking through multiple key support levels, and are currently hovering around 1.03217, showing weak characteristics. From the perspective of the trend line, the obvious downward trend line suppression has exerted continuous pressure on prices, and the current price has failed to break through the resistance point of 1.03721 above. Resistance level: In the short term, 1.03721 is the current important resistance level, and prices need to break through this position to further open upside space. If this point is stable, it may test the higher 1.04200 area. Support level: The key support level below is around 1.02299, which is the previous low and an area where bulls may exert their strength. If this support is broken, the downward space will be further opened, possibly pointing to 1.01500. Pullback test: The current exchange rate may rebound and test the 1.03721 line. If it fails to break through this resistance, it may be blocked and fall back, continuing the downward trend. Continuation of decline: If the price falls directly and falls below the 1.03000 area, it will confirm the dominance of shorts, and the target is 1.02299 or even lower. Operation suggestions: If the price touches the 1.03721 resistance level and there are obvious signs of pressure, you can try short-term short orders, with the target below 1.03000 and the stop loss set above 1.04000. If the price falls back to 1.02299 and stabilizes, you can consider long orders, with the target at 1.03200, and the stop loss is recommended to be set below 1.02000. The current EUR/USD trend is still dominated by oscillating downwards. It is necessary to pay attention to the breakthrough of key points to determine the next direction and maintain a flexible operation strategy.
Short
by RonPeter_Trading
1
EUR/USD : First SELL, then BUY! (READ THE CAPTION)By analyzing the 3-day EUR/USD chart, we can see that, as expected, the price has resumed its correction and is currently trading around 1.03. I still anticipate further downside movement in this range. The key demand zones are 1.02, 1.005, and 0.99. So, the strategy remains: first, look for SELL opportunities, and then wait for a solid BUY trigger at these levels! 🚀 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
11
EURUSD 1H Death Cross waiting for the perfect Sell.The EURUSD pair completed a 1H Death Cross on today's opening, the first such formation since January 30. Given that we are currently within a Channel Down pattern similar to January's Death Cross, we expect the current formation to follow the trend of the former. After a short-term rebound above the 1H MA200 (orange trend-line), the previous Channel Down declined aggressively to the 2.0 Fibonacci extension. This gives us a new bearish target at 1.01500. ------------------------------------------------------------------------------- ** 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. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EUR/USD Bearish Trade Setup | CHoCH Confirmation | 1:2 RRThis analysis presents a bearish trade setup on EUR/USD, following a Change of Character (CHoCH), indicating a potential trend reversal to the downside. The price structure suggests a retracement to a supply zone before continuing its bearish momentum. Entry Price: 1.03626 (Expected retracement zone) Take Profit (TP): 1.02826 (Key support level, potential demand zone) Stop Loss (SL): 1.04026 (Above recent high for protection) Risk-to-Reward Ratio: 1:2 (Targeting twice the risked amount) This trade setup aims to capitalize on a pullback before a bearish continuation, aligning with market structure shifts. The CHoCH breakout confirms the transition to a bearish bias, making this an optimal trade with a favorable risk-reward ratio.
by Brainkiller
Euro can drop to support level, exiting from pennantHello traders, I want share with you my opinion about Euro. When analyzing the chart, it’s clear that the price initially climbed to the resistance level, which overlapped with the seller zone, but immediately bounced back and dropped to the support level. Shortly after, the Euro broke through the support level, falling below the buyer zone. However, it quickly reversed and began rising within an upward channel. Within this channel, the Euro broke the 1.0265 support level and performed a retest, consolidating near that level for a while before continuing its upward momentum. Eventually, the Euro reached the resistance level, broke through it, and moved up to the resistance line of the channel, ultimately exiting the channel. Afterward, the price formed its first gap and started declining within a pennant pattern, where it soon broke the 1.0435 resistance level. Later, the price created a strong second gap, dropped below the support level, and hit the pennant's support line. From there, the Euro began rising again, breaking the support level once more and climbing back to the resistance level. However, not long ago, the price fell back to the pennant’s support line, creating a third gap. In my view, the Euro can attempt to rise to 1.0360 before dropping back to the support level and exiting the pennant pattern. For this reason, I’ve set my take-profit target at the 1.0265 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
EUR/USD AnalysisOn the monthly chart, we can see that the price experienced a drop with three bearish candlesticks. However, January closed as a doji candlestick. February opened significantly lower, but so far, we see strong influence from bullish traders pushing the price upward. All of this is happening within the FVG zone on the monthly chart. For now, my trade is in profit, but it's important to wait and see how the situation develops. It's only Monday, and the market is just waking up.
by andricstrahinja95
BEARISH SWING SETUP ON EU The last setup I posted was bullish and did give a good reaction that I took as confirmation however the trade did not play out. This then caused a bearish choch on the daily and price has since pulled back and is now showing bearish structure. Both swing and internal structure on the 4H timeframe and above are bearish so that is the direction I'm following right now. Fractal structure on the 4H is currently bearish and I will continue trading in that direction targeting January's low.
Short
by Keyserfx
Bearish Outlook for Euro Trading Next Week: Prepare for Volatili - Key Insights: The Euro is currently facing downward pressure against the US dollar, driven by geopolitical factors and uneven economic performance in Europe. Market sentiment reflects caution among traders, indicating an increased likelihood of short positions. It's important to consider the resistance levels and macroeconomic challenges as they will influence trader behavior. - Price Targets: Next week targets: T1=1.025, T2=1.020; Stop levels: S1=1.035, S2=1.040. These targets reflect expectations for a bearish trend in Euro against the US dollar, while keeping in mind critical support and resistance dynamics. - Recent Performance: The Euro has faced losses in recent sessions, particularly against the US dollar and the Japanese yen. The mixed signals from the European economy, along with external market pressures, have contributed to this volatility, indicating a challenging trading environment ahead. - Expert Analysis: Experts urge caution regarding the Euro’s trajectory. Many foresee potential bearish trends continuing as the divergence between European and US economic performance becomes more pronounced. Traders are recalibrating strategies in light of ongoing concerns around inflation and regulatory changes that may further affect market liquidity in the Eurozone. - News Impact: Key developments affecting the Euro’s performance include declining sales from major corporations like Tesla in Europe, signifying the fragility of Eurozone markets. Additionally, ongoing discussions of consolidating European capital markets could pose long-term challenges, while interest rate adjustments by the European Central Bank will remain pivotal in shaping the Euro's future strength.
Short
by CrowdWisdomTrading
EUR: Weighted by tariffs and spreadsThe repricing of the Fed cycle after the strong US jobs data has seen EUR:USD two-year swap rate differentials widen back out beyond 190bp. We expect those differentials to stay near 200bp for most of the year and to keep EUR/USD under pressure. Equally, Friday's release of the European Central Bank's staff paper into the neutral interest rate had little impact on the pricing of the ECB cycle. The threat of tariffs coming to Europe this week has seen EUR/USD drop close to 1.03 again. A move back to 1.0225 is possible if the 'reciprocal' tariffs claw in the EU or some of the major European countries. And Wednesday's US CPI release is another negative event risk for EUR/USD. If it can survive the tariff risk and the CPI, the run-up into Friday could look a little better for EUR/USD as investors turn their attention to the Munich security conference. Here we are expecting to hear more about the US proposed ceasefire deal in the Russia-Ukraine conflict. A surprise deal would certainly be a positive for the European currency complex.
Short
by AccuTrade2000
EURUSD: in a mixed moodThe major data posted during the previous week for the US market was related to jobs data, released on Friday. The non-farm payrolls in January reached the level of 143K, while the market consensus was standing at 170K. At the same time, the unemployment rate dropped by 0,1 percentage point to the level of 4%, from previous 4,1%. Average hourly earnings were higher by 0,5% for the month, bringing it to the level of 4,1% on a yearly basis. As for other macro data posted for the US during the previous week, the ISM Manufacturing PMI for January was standing at 50,9, a bit higher from market estimate of 49,8. The jobs openings for December show a bit weaker data at 7,6M, in relation to the market expectation of 8M new jobs. The S&P Services PMI for January reached the level of 52,8, which was lower from the market expectation of 54,3. Friday also brought data for Michigan Consumer Sentiment preliminary for February at the level of 67,8, which was lower from estimated 71,1. The Michigan 5 years inflation expectations were also increased by 0,1 percentage point to 3,3%, from previous 3,2%. Initial inflation estimate for inflation in January in the Euro Zone was 2,5% a bit higher from the market consensus of 2,4%. The core inflation is still elevated at the level of 2,7% y/y, again higher from forecasted 2,6%. The HCOB Composite PMI final for January in Germany was standing at 52,5 while the same indicator for the Euro Zone was at the level of 50,2. Both indicators were in line with market estimates. The retail sales in the Euro Zone in December was higher by 1,9% on a yearly basis, despite its drop of -0,2% for the month. The trade balance in Germany ended the year at the positive territory of 20,7B euro, much higher from estimated 17M euro. During the previous week the eurusd currency pair was traded in a mixed manner. The Monday trading session started with a strong move from levels around 1,03 all the way down toward 1,05. This was not at all sustainable for the currency pair, so the rest of the week eurusd was traded between 1,044 and 1,031. The reversal toward the down side occurred in the Friday trading session, after the NFP and unemployment data. The currency pair ended the week at the level of 1,032. The RSI is still struggling to hold levels above the 50, but still without success. The indicator was mostly moving around the 45 level. This is an indication that investors are still not quite sure which side to trade. The moving average of 50 days is still diverging from MA200, indicating that there will be no cross of lines in the near period. Friday's move of the currency pair to the higher grounds for the US Dollar, which occurred after the NFP data were released, is actually pointing that the market is still expecting interest rates to stay higher for a longer period of time. Although the figure of NFP jobs was lower from market expectation, still average hourly earnings showed some increase in the latest period, which might bring inflation to higher grounds, and consequently, impact Fed's decision to hold interest rates at current levels for a longer period of time. Markets will use the week ahead to digest a bit of the latest jobs data, in which sense, some reversal might be possible. Still, without significant data related to inflation, it should not be expected to make any significant move toward the upside. The Resistance line at 1,04 could easily be tested, however, for the higher grounds, there is currently no clear indication on charts. Just in case that the market decides to continue with the downtrend, then the level of 1,02 might be tested. Important news to watch during the week ahead are: EUR: Industrial Production in January in the Euro Zone, GDP Growth rate Q/Q second estimate for Q4 for the Euro Zone, USD: Fed Chair Powell testimony at Tuesday, Inflation rate for January, the Producers Price Index in January, Retail Sales in January, Industrial Production in January
by XBTFX
Lingrid | EURUSD forming a Triangle Pattern. ShortFX:EURUSD continues to consolidate around 1.0300 level. Recently, the market gapped down again, but that gap has already been filled. Last week, the price declined following a news release, respecting the downward trendline and breaking below the 1.03500 level. Overall, the price is forming a triangle pattern, forming lower highs and higher lows. Given that the market has bounced off the upper boundary of the pattern, I anticipate it may retest the lower boundary. I expect the market to reject the resistance and subsequently retest last week's low. My goal is support zone around 1.02270 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
EURUSD will Grow to TopHi traders what do you think about EURUSD suggestion in comments. EUR/USD Price looking we're noticing a gap that's almost filled. now Price will Grow To Top. Gaps can often act as key levels, Gap is nearing completion. Gaps typically get filled but now the price will break to the resistance. Resistance we're suggesting that once the gap is filled, the price could face resistance at higher levels. we’ve identified two targets First Target: 1.04550 2nd Target 1.05220. if you like this analysis please support my work and fallow thanks for Love.
Long
by FxJennefir
Is it possible for EUR/USD to reach 0.95?Is it possible for EUR/USD to reach 0.95? The euro declined to around $1.03 under pressure from a stronger U.S. dollar after President Donald Trump announced new global tariffs on steel and aluminum over the weekend. This move further weakened the currency, accentuating expectations of a wider gap between U.S. and European interest rates. The robust employment situation in the U.S. supported the Fed's decision to hold rates, in contrast to the ECB's recent rate cut and the indication of possible further easing in March. In addition, markets fear that U.S. tariffs could adversely affect deflation, raising expectations for deeper cuts by the ECB, with a projection of a deposit rate cut to 1.87 percent by December. In response to U.S. threats of trade tariffs, German Chancellor Olaf Scholz said the EU is ready to react “within the hour.” Bernd Lange, head of the EU trade committee, also said the bloc is willing to lower its 10 percent tariff on vehicles to match the 2.5 percent U.S. tax in order to avoid a trade war. The U.S. dollar continued its strong performance in international currency markets with the recent announcement of positive labor market data in January. The EUR-USD exchange rate fell again below 1.018, reaching figures similar to those in the fall of 2022. This trend has persisted for over a year and a half and seems to have no intention of slowing down. It was a legitimate reaction, as the U.S. economy is showing strong performance and Donald Trump's economic policies predict that it will be difficult to keep inflation under control in the United States. This means that the Fed will have to suspend interest rate cuts and keep them at higher levels than expected just a few months ago. Confidence in the market has been confirmed by statistics from the U.S. Commodity Futures Trading Commission (CFTC) showing an increase in positions opened by hedge funds. This is indicative of a strong expectation of further dollar growth, as was the case in January 2019. The global economy is affected by several factors, including inflation in the United States and structural reforms in Europe. However, some experts do not believe that U.S. economic policy will have a strong impact on inflation as much as other market players and predict less implementation of promised measures by Trump. There are some trade policies that could be implemented soon. This could lead to additional tariffs and increased trade regulation, which could have a significant impact on China. In addition, inflation in the United States is expected to decline this year around 2.4 percent. The dollar is likely to become even stronger by 2025. It has continued to rise steadily over the past three months on expectations that newly elected President Donald Trump's policies, such as deregulation, tax cuts, increased tariffs, and a more restrictive migration policy that could lead to higher inflation, will boost GDP growth and keep U.S. investment returns high in the medium to long term. In addition to the strength of the U.S. economy, the dollar is also favored by the growth differential between the United States and Europe. This gap is expected to continue until 2025, with the U.S. clearly outperforming. According to my forecast, we could see a technical recovery of the EUR/USD exchange rate in the 1.10 area, with prices falling below 1 by the end of the year. There are several options for investing in the dollar, such as the future dollar index or buying dollar bonds such as the Treasury bill maturing on 6/26/2025 with a gross yield of 4.30 percent. If you would like to be notified whenever I post a new article, just click on “FOLLOW” above. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help you.
Short
by Antonio_Ferlito