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EURUSD trade ideas

EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.067. On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044. But, technically, the retest of 1.067 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout. Resistance levels: 1.067, 1.965, 1.076 Support levels: 1.0448, 1.0331 Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
by MarketAnalyzar
EUR/USD 4H Timeframe AnalysisEUR/USD 4H Timeframe Analysis Trend: In the 4H timeframe, EUR/USD is in a downtrend. The price broke below the major support at 1.06200 and then retested, which has now become our major key resistance zone. The price then dropped further to the next minor support at 1.0330,then moved up, created a gap, and filled it for a short time. Following this, the price started creating lower lows and lower highs until it returned to the major key resistance. There, an inverted hammer was followed by a bearish engulfing candle, signaling a potential price reversal. Additionally, the price broke the rising wedge chart pattern and retested the minor resistance at 1.05300. Afterward, the price moved lower and broke below the minor support. Price Action Expectation: We expect another reversal at the minor key resistance. Once the price breaks the resistance, triggering stop-loss liquidations from sellers, we anticipate a move downward. If the price moves back below the minor support, we will enter a sell stop order below the minor support at 1.04908, with a stop loss at 1.05490 (between the liquidity area). Our take profit target will be the next minor support at 1.03360. Trade Setup: Sell Stop Entry: 1.04908 Stop Loss: 1.05490 (between the liquidity area) Take Profit: 1.03360 (next minor support) Risk: 1% Fundamental Outlook: The US Dollar continues to consolidate around the highs, although it’s stronger against commodity currencies. In the broader picture, the market has likely reached the peak in the repricing of interest rate expectations. It will take stronger catalysts to further price out the remaining rate cuts for 2025. This environment supports the US Dollar and could keep downward pressure on EUR/USD in the near term.
Short
by RebornFXTrader
Bullish Opportunity: Buy Setup at support Ahead of Key CPIWe are looking to buy at 1.050 area Key Levels: Entry: 1.050 (support level) Take Profit (TP): 1.05979 Stop Loss (SL): Adjust to match your preferred risk-to-reward ratio. 1.045 is a reasonable SL The price is expected to find support near 1.050, with the potential for a bullish rebound toward the resistance zone at 1.05979. Bespoke resistance lies further up at 1.064 providing longer-term bullish potential if this level breaks. Caution: This trade setup assumes that the US CPI data due tomorrow will come out weaker than expected, which could favor a bullish move in this pair. Monitor the news closely before committing to this trade, as stronger-than-expected CPI figures could invalidate the setup.
Long
by Eleazarahmath
Market Analysis: EUR/USD Faces ResistanceMarket Analysis: EUR/USD Faces Resistance EUR/USD extended losses and traded below the 1.0550 support. Important Takeaways for EUR/USD Analysis Today - The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar. - There is a key bearish trend line forming with resistance at 1.0545 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0635 resistance. The Euro started a fresh decline below the 1.0550 support against the US Dollar, as mentioned in the previous analysis. The pair declined below the 1.0520 support and the 50-hour simple moving average. Finally, the pair tested the 1.0500 level. A low was formed at 1.0498 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped. There was a minor increase above the 23.6% Fib retracement level of the downward move from the 1.0594 swing high to the 1.0498 low. Immediate resistance on the upside is near the 1.0545 level. There is also a key bearish trend line forming with resistance at 1.0545 and the 50-hour simple moving average. The next major resistance is near the 1.0570 zone or the 76.4% Fib retracement level of the downward move from the 1.0594 swing high to the 1.0498 low. The main resistance sits near the 1.0590 level. An upside break above the 1.0590 level might send the pair toward the 1.0635 resistance. Any more gains might open the doors for a move toward the 1.0675 level. On the downside, immediate support on the EUR/USD chart is seen near 1.0520. The next major support is near the 1.0500 level. A downside break below the 1.0500 support could send the pair toward the 1.0445 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EURUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the red line - break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
EUR/USD: Market Anticipation Ahead of Key Economic ReportsAs the London trading session unfolds on Monday, the EUR/USD currency pair is hovering around the 1.0580 mark. Investors are gearing up for significant economic events this week, including the highly anticipated US Consumer Price Index (CPI) report for November, set to be released on Wednesday. In addition, the European Central Bank (ECB) will announce its interest rate decision on Thursday, making this week crucial for market participants seeking insights into future monetary policy shifts. From a technical standpoint, the EUR/USD has shown a lack of substantial movement over the past week, remaining firmly below the 1.0600 resistance level. Traders are closely watching how the currency pair interacts with this barrier, as it could dictate the next direction for the market. With speculation surrounding a potential interest rate cut from the Federal Reserve later this month, Wednesday's inflation figures may be the crucial factor influencing the Fed's decision. Analysts predict that the annual consumer price inflation will slightly increase to 2.7% year-over-year in November, up from 2.6% in October. Moreover, the core inflation rate, which excludes the often-volatile categories of food and energy, is anticipated to hold steady at 3.3% year-over-year. Given the current landscape, our strategy is to remain on the sidelines as we await the CPI data on Wednesday and the Unemployment Claims report on Thursday. While our overall bias leans bearish, we believe it is prudent to refrain from taking any positions until the price potentially approaches a significant demand zone. This approach allows for a more informed entry that aligns with market developments. In summary, the EUR/USD is at a critical juncture as investors anticipate key economic reports that could have lasting effects on the currency pair's trajectory. With the market sentiment leaning toward caution, all eyes will be on the data releases this week. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
Is EurUsd's correction over?In my previous posts about EUR/USD, I discussed the potential for an upside correction following the break below the 1.05 support level, the drop to 1.0330, and the subsequent reversal. I suggested that this upward movement could potentially push the price toward the 1.0670 resistance zone. Indeed, the pair did rise, reaching an intraday high of 1.0628 during Friday's NFP event. However, the day ended with a downside move, leaving a red candle with a long wick on the daily chart. The medium-term trend for EUR/USD remains bearish. This, combined with the overlapping structure from the recent low, clearly indicates that we are not witnessing the start of a bullish trend but rather a corrective phase. The key question now is whether this correction has concluded. To confirm, we would need to see a break back below the 1.05 level. With this in mind, if the pair revisits Friday's high, I plan to sell, placing a stop loss above 1.07 and targeting the 1.0450 support level.
by Mihai_Iacob
7
1211 Waiting for ECB to confirm a long term directionHello traders, Whether the European Central Bank (ECB) will cut interest rates by 50 basis points depends on several factors, including current economic data, inflation outlook, market expectations, and policymakers' concerns about economic growth and financial stability. 1. Market Expectations and Current Economic Background - According to LSEG Refinitiv data, the market expects an 81% probability of a 25 basis point rate cut, while the expectation for a 50 basis point cut is only 19%. This indicates that the market generally believes the ECB is more inclined towards a moderate rate cut rather than taking more aggressive measures. - The main challenges facing the European economy currently include slowing economic growth, easing inflation pressures, and fluctuations in energy prices. These factors may prompt the ECB to take action to support economic recovery, but a 50 basis point cut may be seen as too aggressive, especially when inflation has not fully returned to target. 2. Possibility of a 50 Basis Point Cut If the ECB chooses to cut rates by 50 basis points, it would be a bold move that exceeds market expectations, potentially indicating the following: - The ECB's concerns about economic growth are greater than the general market perception, suggesting a need for more substantial easing measures to stimulate the economy. - By implementing a larger rate cut, the ECB may be trying to send a strong signal to the market, demonstrating its commitment to supporting the economy. - However, such a move could also provoke negative market reactions, such as increased volatility in bond yields or further pressure on the euro exchange rate. 3. More Likely Scenario: A 25 Basis Point Cut - Historically, the ECB tends to adjust its policies gradually to avoid causing excessive disruption to the market. - A 25 basis point cut aligns with market expectations and can smoothly convey policy intentions while retaining flexibility for future adjustments. 4. **My View** - The likelihood of a 25 basis point cut is significantly higher, as it aligns with market expectations and avoids unnecessary volatility in financial markets. - If the ECB opts for a 50 basis point cut, it may indicate a more pessimistic assessment of recession risks, but this choice could also entail greater policy risks. Technically, EURUSD is testing the weekly support and moving beneath the EMAs. As long as it breaking through the support, a long-term bearish trend for EURUSD is pretty sure! GOOD LUCK! LESS IS MORE!
Short
by FUNTRADER-Vera
Head and Shoulders Pattern in EURUSDEUR/USD Analysis (Timeframe: To be determined): Head and Shoulders Pattern Detected, Buy Signals Generated A head and shoulders pattern has been identified on the EUR/USD chart. However, contrary to the typical bearish implication, buy signals have been generated, indicating a potential bullish reversal. Key Indicators: - Head and Shoulders Pattern: A clear head and shoulders formation has been detected. - Buy Signals: Generated, indicating a potential bullish reversal. - Trend Analysis: Potential bullish reversal. Key Levels: - Resistance: 1.08300 - Support: 1.05200 - Target: 1.09250 Recommendation: Consider long positions or bullish strategies to capitalize on the potential upside movement. Please note that forex markets are highly volatile, and prices can change rapidly. Please mind your own money management 🙏 Best Wishes Tom 😎
Long
by Tom_Trades_670
1