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EURUSD trade ideas

EUR/USD: Bullish Momentum Breaks Resistance, What’s Next?The EUR/USD has been moving upward for the fourth consecutive day, with a clear uptrend forming on the chart. Currently trading around 1.082, the pair has broken out of its previous downward channel, signaling a bullish shift. Additionally, the 34 EMA has successfully crossed above, reinforcing short-term bullish sentiment and encouraging investors to buy into the pair. However, a bit more caution is advised before making long-term buys. The EUR/USD remains within a triangle pattern, suggesting it may need to retest the breakout level before fully confirming a sustained uptrend. What’s your take? Should we go for a buy or sell today and in the days to come?
Long
by Pierce_Bowers
EURUSD: short reversal ahead?The Existing Home Sales in the US dropped further in September by -0,1%, but it was still a lower drop from market forecast of -1,6%. At the same time, Building permits for September were standing at -3,1% for the month, while new home sales increased by 4,1% in September. Durable Goods Orders were lower by -0,8% in September for the month, a bit higher from market forecast of -0,5%. Michigan Consumer Sentiment final for October was standing at the level of 70.5, modestly above market expectation of 68,9. At the same time, 5 years inflation expectations dropped to the level of 3,0%, from 3,1% posted previously. The PPI index dropped by -0,5% in Germany in September, leading to a yearly drop of -1,4%. Figures were higher from market forecast of -0,8%. The HCOB Manufacturing PMI in Germany, flash for October reached the level of 42,6, and was a bit higher from market consensus of 40,6. The services sector continues to hold within a positive territory, with HCOB Services PMI flash reaching 51,5 for October. At the same time, the HCOB Composite PMI flash for October in the Euro Zone was standing at 49,7, although the market was expecting to see the level of 50,1. The Ifo Business Climate in Germany in October reached the level of 86,5 a bit higher from market consensus of 85,5. The Euro Zone economy continues to struggle with growth, after the ECB managed to put inflation under control. Comments made by President Lagarde indicate that the ECB is in a sort of hurry to put interest rates at the neutral zone. This means further rate cuts till the end of this year. Markets reacted to such a sentiment, by pushing Euro to the lower grounds. During the previous week the eurusd pair was testing the 1,08 support line, with lowest weekly level reached at 1,076. The currency pair rebound after, toward the highest weekly level at 1,083, however it is ending the week around the 1,08 level. The RSI reached the clear oversold market side, which indicates higher potential for a short term reversal. The moving average of 50 days started clear convergence toward the MA200, indicating a potential for a cross in the coming period. The week ahead brings data for Non-farm payrolls and PCE Index which might bring a higher volatility to the market. The support line at 1,08 has been tested during the previous week, and it will be also a starting point for the week ahead. Considering that RSI is currently moving in the oversold territory, increasing the potential for a short reversal. In this sense, the level of 1,09 might be an easy target for the week ahead. Higher grounds are currently not indicated on charts. On the opposite side, charts are modestly revealing the 1,07 level, however, this might be a target for the longer-term period, and not for the week ahead. Important news to watch during the week ahead are: EUR: GfK consumer Confidence in Germany in November, Unemployment rate in Germany and the Eurozone in October, Q3 flash GDP Growth Rate in Germany and the Euro Zone, Inflation Rate in Germany and the Euro Zone preliminary for October, USD: JOLTs Job Openings, CB Consumer Confidence, Q3 GDP Growth Rate, PCE Index for September, Personal Income and Spending for September, Initial Jobless Claims, Non-Farm Payrolls in October, Unemployment Rate in October, ISM Manufacturing PMI for October.
by XBTFX
EUR/USD (aka) "FIBER" Bank Money Heist Plan on Bullish Side.Hola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist EUR/USD (aka) "FIBER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 1h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
EURUSD Will Go Down! Sell! Here is our detailed technical review for EURUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.080. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.078 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Euro / U.S. DollarHello dear friends, In this video, I have analyzed the past market and provided some insights. I demonstrate how I entered the market and took a sell position. My analysis is based on the 4-hour time frame, and I also showcase the change in trend in the 1-hour time frame. These changes occur to fill imbalances. Additionally, I have presented a new idea for a new sell position. I hope you find this information useful. Thank you, and I hope this information is helpful to you. If you have any questions, I would be happy to assist! Thank you very much, Fereydoon Bahrami "A retail trader in the Wall Street trading center (Forex)."
Long
by fereydoon1199
Fundamental Market Analysis for October 30, 2024 EURUSDThe Euro-dollar pair is losing ground after two days of gains, trading near 1.08100 during Asian hours on Wednesday. The Euro is under downward pressure as the European Central Bank (ECB) is expected to cut the deposit rate again. Money markets currently rate the probability of a 50 basis point rate cut during the December meeting at nearly 50%. Investors will be keeping a close eye on preliminary German and Eurozone gross domestic product (GDP) data, as well as preliminary German Harmonized Index of Consumer Prices (HICP) data scheduled for release on Wednesday. On Wednesday, the focus will shift to preliminary US Q3 Gross Domestic Product (GDP) data and October employment change data from ADP. ECB policymakers have recently expressed different views on monetary policy. Pierre Wunsch, Governor of the National Bank of Belgium, said that the central bank has no pressing need to accelerate interest rate cuts and suggested that it might even settle for a more modest pace. In contrast, Mario Centeno, Governor of the Bank of Portugal, advocated considering a 50 basis point rate cut as a possible option for December. The decline in EURUSD could also be attributed to a rise in the US Dollar amid rising Treasury yields. The US Dollar Index (DXY), which measures the value of the US dollar against six other major currencies, is trading around 104.30, while the yields on 2-year and 10-year US Treasuries are at 4.09% and 4.24%, respectively, at the time of writing. The risk-sensitive EUR/USD may continue to decline amid continued uncertainty surrounding the US presidential election. A three-day Reuters/Ipsos poll, which ended on Sunday and was released on Tuesday, showed that the race is virtually tied as we get closer to the November 5 election. Trading recommendation: Watch the level of 1.08000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
by Naoomi
EURUSD Hits Demand Zone, Potential for an Up CorrectionEURUSD has reached a demand zone that previously spurred a rally in August. The recent fake breakout at the 1.07800 level suggests that the market may be primed for a pullback, especially as DXY is also testing a key resistance. On the 4H timeframe, a bullish divergence has formed, indicating a potential correction to the upside. If this demand zone holds and the divergence plays out, the market could retrace toward the next resistance zone around 1.09190 as it corrects from the recent overextension
Long
by RTED_Investing