EURUSD trade ideas
EUR/USD Poised for Breakout Ahead of FedEUR/USD has extended more than 2.6% off the yearly highs with tight monthly & weekly opening-ranges preserved heading into today’s FOMC rate decision. The focus is on a breakout of the 1.1275-1.1420 range.
EUR/USD continues to trade within the confines of a descending pitchfork extending off the monthly highs. Initial support rests with the 2023 swing high at 1.1275 backed by the 2024 high at 1.1214 . Ultimately, a break / close below the 100% extension at 1.1160 would be needed to suggest a more significant high was registered last month / a larger trend reversal is underway towards 1.1040 .
Initial resistance is eyed with the upper parallel / 50% retracement at 1.1420 with critical resistance unchanged at the 100% extension / yearly high-day close (HDC) at 1.1510/14 - a break / close above this threshold is needed to mark uptrend resumption with subsequent objectives eyed at the 1.16-handle and the 78.6% retracement of the 2021 decline at 1.1747 - look for a larger reaction there IF reached.
Bottom line: A reversal off uptrend resistance is now coiled just above trend support and the immediate focus is on a breakout into the close of the week. From at trading standpoint, any losses would need to be limited to 1.1160 for the February rally to remain viable with a close above 1.1514 needed to mark resumption.
-MB
Potential ShortDue to the descending nature of recent move.
Creating Lower Swing Points we can conclude that the short downtrend can occure.
Volume can posses great significance in finding the good pullback opportunities.
Here we can see the top of candle with higher than average volume in immediate past.
Even the full number of price near.
We can look for the bounce from there downside to retest the recent bottom.
We shall see.
EURUSD SHORT FORECAST & TRADE EXECUTION Q2 W19 D5 Y25EURUSD SHORT FORECAST & TRADE EXECUTION Q2 W19 D5 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences 📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
✅1' multiple breaks of structure short
✅1' bearish engulfing candle
✅Entry upon the rebalance of the 1' engulfing candle
✅Short position from a probable point of interest
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURUSD – SellEURUSD – Local Structure Target in Sight
🔻 Short Bias | 🎯 Target: 1.12945 | ⏳ Deadline: May 2
After a modest recovery, EURUSD is showing hesitation below the prior range high. If momentum fades, a drop to 1.12945 is on the table—marking a potential retest of local structure before further direction unfolds. Sold. Stay tuned.
💡 All trades can be replayed on TradingView for review.
#EURUSD #Forex #PriceAction #MarketOutlook #TradingView #GlobalHorns
The Day Ahead - US Employment data due!Friday, May 2
Macro Data to Watch (Market Impact Potential):
US April Jobs Report – Major market mover for USD, equities, and bonds. Sets expectations for Fed policy.
US March Factory Orders – Secondary data; relevant for industrial and manufacturing sectors.
Eurozone April CPI – Key inflation data; potential EUR/USD and ECB rate path influence.
Eurozone March Unemployment Rate – Labor market context for ECB policy.
Japan April Monetary Base & Labor Data – JPY-sensitive; signals BoJ liquidity stance.
Italy Manufacturing PMI & March Unemployment – Insight into Eurozone periphery economy.
France March Budget Balance – Fiscal health check; limited direct market impact.
Central Bank Watch:
ECB Economic Bulletin – Can give insight into ECB’s inflation and growth outlook. May guide EUR direction.
Earnings (Key for Sector Moves & Index Impact):
Energy: Exxon Mobil, Chevron, Shell – Crude oil-sensitive; big impact on energy indices.
Healthcare & Insurance: Cigna Group – Influences healthcare and insurance stocks.
Industrials/Chemicals: Eaton, BASF, DuPont – Watch for global growth signals and margins.
Financials: Apollo, ING, NatWest, Standard Chartered – Useful for readthrough on credit trends and regional banking health.
Autos: Mitsubishi, Italy new car registrations – Auto demand signals, relevant for sector ETFs.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
DeGRAM | EURUSD Reached the $1.131 Level📊 Technical Analysis
● Triple rejection at 1.1420 caps EUR/USD; price coils into a bearish pennant beneath the channel mid-line, echoing earlier false breakouts.
● Loss of 1.1310 exposes 1.1200; fading RSI and lower highs flag supply.
💡 Fundamental Analysis
● Euro inflation slid to 2.2 %; ECB signals another 25 bp cut on 4 Jun, denting EUR yield.
● US Q1 GDP dipped but consumption held; jobless claims ~215 k and 10-yr yields near 4.3 % keep USD bid.
✨ Summary
Bearish pennant plus softer EU data versus steady US demand steer short EUR/USD toward 1.1200; risk topside above 1.1420.
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Range-Bound EUR/USD: Sell Setup Pending Dollar StrengthI'm currently watching the EUR/USD currency pair, and it appears to be under pressure while trading within a range 📉. If you check out the chart in the video 📊, you’ll see what I mean. I’m on the lookout for a potential sell opportunity, but only if the upcoming data release signals strength for the US dollar 💵. In that case, I’d be watching for a break and retest of the current range low—(BoS). My targets would be set two levels below, aiming to close the position by the end of the New York session 🗽. Please note, this is not financial advice! 🚫
Weak Low in Trading RangeVery weak low in this range shown at the horizontal ray. I expect this to be taken out at some point to "grab" liquidity. Fairly large HVN also though which could suggest a bounce as buyers defend.
When this range breaks I am unsure if it will break up or down. EUR/USD trading fairly high and dollar sentiment seems to be picking up a little, so I think it will break low, however the technical outlook says it will break up.
As mentioned previously, on the daily/weekly chart we have one half of a very clean head and shoulders and the exact mirror image on the DXY chart. So lets see.
EURUSD Ahead of the FedEURUSD remains steady with no major changes following recent movements.
Today is crucial — the Fed’s interest rate decision will likely set the tone for the market in the short term.
Support levels remain at 1,1253, 1,1183, and 1,1055. A reaction around these areas could signal a potential continuation of the bullish trend.
However, ahead of the announcement, it’s wise to reduce exposure and hold off on new entries.
EURUSD InsightWelcome, dear subscribers.
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Key Points
- U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that "as early as this week, trade agreements with some of our largest trading partners may be announced."
- President Trump mentioned that "a product-specific tariff announcement on pharmaceuticals will be made within the next two weeks."
- On May 7, the Federal Reserve will announce the results of its FOMC meeting. While the market largely expects a rate hold, attention is focused on whether Fed Chair Jerome Powell will shift his stance.
Key Economic Events This Week
+ May 7: FOMC meeting results announcement
+ May 8: Bank of England interest rate decision
EURUSD Chart Analysis
The pair is experiencing a pullback after encountering resistance at recent highs, with a temporary rebound following a recent decline. Based on the medium-to-short-term trend, further pullbacks are expected. In that case, a bottom is likely to form around the 1.11000 level. However, if the price breaks above the 1.14000 level, it may attempt to break through the resistance at the high again, so this resistance level deserves close attention.
EURUSD ON SELLIn this video I will be sharing my EURUSD analysis today, by providing my complete technical analysis by using candlesticks in order to have confidence over the market/control over your emotion no matter what the fundamentals are saying concerning the market, so you can watch it and improve your forex trading skill.
EURUSD Wave Analysis – 8 May 2025
- EURUSD broke support zone
- Likely to fall to support level 1.1130
EURUSD currency pair recently broke the support area between the support level 1.1300 (which has been reversing the pair from the start of April), support trendline of the daily up channel from March and the 38.2% Fibonacci correction of the upward impulse from March.
The breakout of this support area accelerated the active short-term ABC correction ii from the start of April.
EURUSD currency pair can be expected to fall to the next support level 1.1130 (former strong resistance from the start of April).
EUR/USD – Bearish Breakout ConfirmedEUR/USD has broken below a well-respected descending channel on the 2H chart, suggesting further downside is likely.
🔎 Technical Analysis:
• Price rejected resistance with three clear rejections (🔴 red arrows).
• Breakout below the lower channel boundary is now confirmed, signaling strong bearish momentum.
• MACD shows repeated bearish crossovers (🟠 circles), supporting the trend shift.
• This is no longer just a channel play — momentum suggests a deeper drop.
🎯TP1: 1.1200
🎯TP2: 1.1150
🎯TP3: 1.1100 (major support zone)
🛑 Invalidation: Strong close back above 1.1300 would neutralize the setup and indicate a possible false breakout.
💡 Look for a retest of the broken trendline as resistance for potential re-entry.