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EURUSD trade ideas

Bullish Pennant Confirms Breakout: Momentum Builds Toward 1.19The pair has formed a textbook bullish pennant on the 4-hour timeframe following a sharp impulsive move upward. Price action consolidated within a narrowing triangle, signaling accumulation before the next leg higher. The breakout above the pennant’s resistance suggests continuation of the uptrend, with projected Fibonacci targets at: 1.1781 (1.272 extension) 1.1940 (1.414 extension) Volume behavior confirms the pattern: declining during the consolidation phase and increasing at the breakout, supporting a strong bullish bias. Fundamental backdrop: -The US Dollar faces pressure as markets increasingly price in a potential Fed rate cut in the second half of 2025. -The ECB maintains a more hawkish stance, reinforcing euro strength relative to USD. -Eurozone economic data shows signs of inflation stabilization, while US CPI readings remain mixed. -Capital rotation favors major currencies with resilient monetary policies and macroeconomic stability. As long as EUR/USD holds above 1.1476, the bullish scenario remains intact. A move toward 1.1781 and 1.1940 appears likely. A breakdown below 1.1237 would invalidate the pennant and shift momentum toward support retests.
Long
by TotoshkaTrades
EURUSD breakout holds: Is a bigger rally coming?EURUSD maintains its breakout and the chart suggests the price could head much higher. What are the next steps for traders looking to get involved in this bullish trend? What details should you pay attention to? Watch the video to find out. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
The next EUR/USD move could pay twice:Forecasted Move: First, a bullish breakout towards the upper blue levels (around 1.14000–1.14193). After hitting resistance, a sharp drop is expected. Pullback (small retracement) near the green trendline. Then, a bigger bearish move targeting the lower yellow demand zone around 1.11600–1.12225. Key Levels Marked: Resistance: 1.14000 – 1.14255 Support: 1.12225 – 1.11600 Timeline: Major movements are expected between late April and early May (around May 6–8). Important Detail: You have drawn two phases — a fast move up (blue zigzag) and then a corrective drop (red zigzag). Watch out for news events around those dates (you've marked news icons too). --- Summary: You are expecting a false bullish rally, followed by a major bearish drop after May 6–7 on EUR/USD.
Short
by Greenfireforex
EUR/USD Slides to 1.1350 Amid USD Strength & ECB Dovish Signals📌 Daily Market Summary: EUR/USD Slides to 1.1350 Amid USD Strength & ECB Dovish Signals EUR/USD declined toward 1.1350 on Friday as the US Dollar gained strength, driven by easing tensions in the US–China trade standoff. Reports suggest Beijing may suspend additional tariffs on some US goods. Despite the dip, the euro remains firm against most major currencies except North American ones. ECB members Holzmann and Rehn highlighted ongoing structural weaknesses in the Eurozone and increased risks of inflation undershooting the 2% target. Olli Rehn suggested that the current conditions justify a rate cut as early as June. 📊 Technical Outlook EUR/USD dropped to 1.1350, but the broader trend remains bullish, with the 20-week EMA still pointing higher around 1.0885. 💼 Trading Plan 🟢 BUY ZONE Entry: 1.12725 Stop Loss: 1.12000 Take Profit: 1.13165 🔴 SELL ZONE Entry: 1.14775 Stop Loss: 1.15300 Take Profit: 1.14350 📉 Caution: With political news and central bank guidance shaping sentiment, traders should closely monitor reactions at key levels and stick to their risk management rules.
Short
by MMFlowTrading
EURUSD Wave Analysis – 24 April 2025 - EURUSD reversed from support area - Likely to rise to resistance level 1.1510 EURUSD currency pair recently reversed up from the support area between the key support level 1.1300 (which also reversed the price at the start of April) and the 38.2% Fibonacci correction of the upward impulse from March. The upward reversal from this support area stopped the earlier short-term ABC correction iv from the middle of April. Given the clear multi-month uptrend, EURUSD currency pair can be expected to rise toward the next resistance level 1.1510, which stopped the earlier impulse wave iii.
Long
by FxProGlobal
EURUSD Will Go Lower! Sell! Please, check our technical outlook for EURUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.137. Considering the today's price action, probabilities will be high to see a movement to 1.129. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Trading EURUSD AUDUSD NZDUSD | Judas Swing Strategy 22/04/2025We've executed 4 trades so far this week using the Judas Swing Strategy and in this write up, we're breaking down exactly how each one played out. We didn't get any trading opportunities on Monday but Tuesday gave us textbook setups on both FX:EURUSD and OANDA:AUDUSD , and if you’ve been following this series, you know the Judas Swing Strategy thrives where liquidity lies and manipulation gives way to opportunity. Tuesday’s price action on FX:EURUSD opened with familiar signs: ranging structure and liquidity building on both sides. By 09:05 EST, price made the typical fakeout a sharp move to the downside that swept the lows and trapped breakout sellers. This gave us confirmation to look for the real move, the reversal. Price broke structure to the upside, creating a Fair Value Gap. As expected, price retraced into that imbalance, and we executed the buy. Entry: 1.14677 SL: 1.14559 TP: 1.14913 Take profit was cleanly hit with minimal drawdown. No stress. No second-guessing OANDA:AUDUSD printed a similar setup. The fake move to the downside swept liquidity below an earlier low and shifted structure to the upside. We entered buy once price returned to fill the Fair Value Gap The trade nearly hit TP but reversed just shy of it, eventually stopping us out. Entry: 0.63868 SL: 0.63770 TP: 0.64064 It stung a little, but here's where our data-driven edge comes in. We follow a set-and-forget execution model because our backtesting shows that this approach works more in our favor than not. Situations like this will happen. Sometimes price dances around your TP before flipping. It’s part of trading The next day was a solid one using the Judas Swing strategy, this time across both OANDA:AUDUSD and $NZDUSD. Let’s walk through how the setups unfolded on Wednesday and why both trades played out almost identically in terms of narrative and structure. The session kicked off with a consolidation forming, setting up a clean range to be targeted. Liquidity had built up nicely above the highs and lows of the pre-market structure. Classic. As expected, once our session started, price punched higher, sweeping the buy-side liquidity above the early session range. This was our Judas move a strategic fakeout to trigger breakout longs and inject liquidity. But the key here is what came next. Price immediately stalled after the sweep and printed a clean break of structure to the downside. That shift was our clue that the buy-side move was done and the real selloff was likely on deck for OANDA:AUDUSD and $NZDUSD. Price pulled back into the Fair Value Gap (FVG) formed during displacement, giving us a clean entry setup: Entry: 0.64130 SL: 0.64360 TP: 0.63669 As soon as we entered, the trade moved with conviction minimal drawdown and a smooth ride into target but the OANDA:NZDUSD couldn't hit TP and the trade is still running
by CleoFinance
EURUSD, 24 abril Compra y proteger en 1-1.Trade Review – April 24: EUR/USD (Buy) Today I entered a buy trade on EUR/USD. The risk-reward ratio is set at 1:1, so I recommend protecting profits once it reaches that level. ⚠️ The pair may still move lower, so manage your risk carefully. If the trade reaches a 1:2 ratio, you may consider taking profits or partially letting it run. This is a trade taken under your own responsibility. I’m confident it will reach to winner and that’s why I’m sharing it. Warm regards.
Long
by edisonjavierrey
EUR/USD Explosion or Trap?EUR Futures Asset Managers: Strongly net long and continuously increasing since December 2024 → a clear sign of institutional confidence in the euro. Leveraged Money: Also rising, moving from net short to net long → sentiment reversal even from speculators. ✅ Interpretation: Both institutional categories are bullish on the euro, suggesting potential upward support for EUR/USD. USD Index Futures Asset Managers: Decreasing since the end of February → reducing long exposure on the dollar. Leveraged Money: Recovering from net short, but still uncertain → mixed sentiment. ⚠️ Interpretation: The dollar is structurally weakening. This reinforces the bullish bias on EUR/USD. 🧠 Technical Analysis – EUR/USD Weekly Chart Current price: 1.13150, right in the middle of a weekly/monthly supply zone, marked by upper wicks → clear seller presence. Price has made a strong rally from 1.03600, breaking through all intermediate supply zones. RSI: Slightly declining after previously reaching overbought territory. 📌 Key levels: Major support: 1.1000–1.1080 Structural resistance: 1.1350–1.1450 (current zone) 🧠 Technical Scenario: If price holds above 1.1250, we could see an extension toward 1.1500. If it breaks below 1.1200, a pullback toward 1.1080–1.1000 is likely. ✅ Trade Summary: COT bias: Bullish EUR/USD → strong EUR, weakening USD Technical: Watch price behavior in the 1.1350 zone → if rejection continues, expect a technical retracement before potential continuation. 🎯 Potential Setups: Long on pullback toward 1.1080 Breakout long above 1.1450 → targeting 1.1600 Short-term short if bearish price action appears in the current zone
by EdgeTradingJourney
1
The Day AheadWednesday 23rd April 2025 Key economic data includes April flash PMIs for the US, UK, Japan, Germany, France, and the Eurozone. These are important indicators of economic momentum and inflation pressures, with potential impact on FX, rates, and equities. In the US, March new home sales will provide a read on housing market strength. The UK reports March public finances, which could influence gilt markets and sterling. In the Eurozone, February trade balance and construction output data are on deck, offering insights into trade dynamics and sector-specific activity. Central bank focus is high. The Fed releases its Beige Book and features speakers including Goolsbee, Musalem, Waller, and Hammack. Markets will be listening closely for signals on rate expectations and regional economic trends. From the ECB, Knot, Villeroy, and Lane are scheduled to speak, potentially influencing eurozone rate expectations. From the Bank of England, Bailey, Pill, and Breeden will offer comments that could affect sterling and rate outlooks. Earnings are heavy and span key sectors. Notable names reporting include IBM, ServiceNow, Texas Instruments, Lam Research, Boeing, GE Vernova, Chipotle, O’Reilly Auto, Thermo Fisher, Boston Scientific, NextEra Energy, Newmont, Philip Morris, AT&T, General Dynamics, and Volvo. This mix provides important reads across tech, industrials, healthcare, and consumer sectors. On the fixed income side, the US Treasury will auction 2-year floating rate notes and 5-year notes. Watch for yield curve movements and demand signals, particularly given the dense schedule of Fed speakers. 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.
by TradeNation
EUR/USD Breakout Extends Toward 1.15 – Is 1.17 Next?The euro continues its sharp ascent, breaking convincingly above key resistance at 1.1200 and now eyeing the 78.6% Fibonacci retracement near 1.1745. Momentum remains firmly bullish: 🚀 Price has surged through both the 50- and 200-day SMAs 📈 MACD is accelerating higher, showing strong bullish momentum 📊 RSI is nearing overbought territory at 74.92, but not diverging yet As long as EUR/USD holds above 1.1200, the path of least resistance may remain higher. However, traders should watch for signs of exhaustion near the 1.17 area, a key technical confluence that could slow the rally. -MW
by FOREXcom
EURUSD – Pullback before a new move?EURUSD has been consolidating for several sessions now after making a strong impulsive move to the upside earlier this month. Since breaking above the 1.1150 level, momentum has started to slow down and price is beginning to range near the recent highs. That alone isn’t surprising strong impulsive moves are almost always followed by periods of consolidation or retracement as the market pauses, takes profits, and reevaluates. What catches my attention now is how weak the price action looks during this consolidation. The candles are getting smaller, wicks are getting longer, and there’s not much follow-through on the bullish side anymore. This kind of price behavior typically shows indecision or exhaustion buyers are no longer driving price with the same force and sellers are starting to creep back in. So instead of chasing this move higher, I’m positioning myself for a pullback into a key demand zone that I think will offer a much higher probability long setup. The Level I’m Watching – Golden Pocket with Imbalance Confluence The zone I’m targeting for a potential entry sits in the 1.1070 to 1.1170 area. This range covers the golden pocket retracement zone, between the 61.8% and 65% Fibonacci levels measured from the recent impulse low to high, and overlaps with multiple technical factors that make it extremely attractive. First off, this zone contains three separate unfilled imbalance areas (or fair value gaps), created by aggressive bullish candles on the way up. These are areas where price moved too quickly to fill all orders on both sides, which leaves inefficiencies in the market. The market tends to revisit these areas to rebalance before continuing in the prevailing direction. So from a pure price action perspective, the unfilled imbalances create a natural magnet for price to retrace into. Second, we’ve got historical resistance right in this same zone. If you look back a few sessions, price rejected this level multiple times before finally breaking through. Now that we’re above it, there’s a strong chance this area flips into support. This concept resistance turning into support is a classic and reliable price action behavior, especially when it lines up with other tools like fibs and imbalances. Trend Structure Still Intact What’s crucial to me here is that a pullback into this zone will not break the overall bullish market structure. We’re still printing higher highs and higher lows, and a retracement into the golden pocket would simply be another higher low within the current uptrend. There’s also a clean ascending trendline from early April that hasn’t been breached. If price respects that trendline again while dipping into this demand zone, that would add further confluence to the setup. It would mean the trendline, golden pocket, unfilled imbalances, and historical support are all lining up at the same point that’s a textbook area where I want to be a buyer. Entry Triggers and Execution Plan I’m not looking to blindly set a limit order in this zone. I want confirmation that buyers are stepping in and that we’re getting a shift in momentum. Ideally, I’ll drop to a lower timeframe like the 1H or even the 15M and wait for a clear change of character — something like: A break of a local lower high A bullish engulfing candle at the base A sweep of liquidity below recent lows followed by a strong push back above structure Once I see that kind of reaction, I’ll consider entering a long position. My stop will go just below the structure low or the lowest point of the zone, depending on the entry signal. I’ll give it enough room to avoid getting wicked out on a false break. As for targets the first obvious one is the current range high around 1.1350. If we get a strong reaction, I’ll trail part of the position and look for continuation into new highs. This pullback could set the stage for the next leg of the broader bullish trend, especially if DXY starts showing weakness again. Why I’m Not Shorting Here Even though price looks weak and a retracement seems likely, I’m not interested in shorting this setup. We’re still firmly in bullish structure and shorting into a healthy uptrend just doesn’t make sense to me unless I’m scalping. The risk to reward just isn’t favorable on the short side right now I’d rather wait for price to come to my zone and then look for confirmation to go with the trend. Final Thoughts EURUSD is consolidating after a strong move up and I’m expecting a pullback. The golden pocket zone, stacked with unfilled imbalances and previous resistance, looks like the ideal place for a bullish reaction. As long as we stay above that zone, structure stays bullish and I’ll be looking for long opportunities once price confirms the bounce. Patience is key here. I’m not rushing into anything, but if price gives me the reaction I’m looking for in that zone, I’ll be ready to execute. The setup aligns well with both technical structure and market behavior and I’ll continue to monitor price action closely over the next few sessions. __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
Long
by TehThomas
51
EURUSD DETAILED ANALYSISEURUSD has been gaining bullish momentum so far this year. We’ve seen how price has been moving on a rising channel from the daily perspective. Price is just 1.6% away from the higher timeframe downtrend resistance trendline . If we get a break above the higher resistance trendline , we’re likely to see more of the bullish growth for the rest of the second quarter of the year. If we see price fall below the local daily rising channel and also below the pullback support, a downward trend continues!
by Cartela
EURUSD Set To Grow! BUY! My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.1361 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1407 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1