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EURUSD 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
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
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
EURUSD Will it follow Trump's 1st Term??The EURUSD pair made a market bottom on January 13 2025 and in recent trade, it has been consolidating above the 1D MA50 (blue trend-line). Interestingly enough, this is so far similar to the price action that preceded and followed Trump's 1st Term. A 1D Death Cross took the market from the November 2016 elections to the January 2017 bottom. After a 1D RSI Double Top and Resistance rejection, the pair dropped again below the 1D MA50 (blue trend-line) but recovered to reach the 1D MA200 (orange trend-line) in end of March 2017 and initiate an aggressive Channel Up that peaked on the 1.618 Fibonacci extension from the September 2016 High. If EURUSD continues to replicate Trump's Year 1 of his 1st Term, it is possible to see the price reach 1.19000 by the end of 2025, although of course we can't rely solely on repetitive patterns, but have to go along macro reports and policies one at a time. ------------------------------------------------------------------------------- ** 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. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Clear Sign for short-tradeThe price chart has clearly established a robust resistance level, showing no signs of breaking through again. As a result, the price is likely to breach the first trendline in the near term, entering an accumulation phase. During this phase, the price is expected to consolidate for some time before eventually breaking the second trendline. This breakout will likely trigger a downward movement, potentially driving the price toward the 1.013 level by mid-March.
Short
by rahamb
Euro / U.S. Dollar Hello Dear Traders Euro Analysis Based on the DXY analysis, which is bullish, I present to you the updated analysis for the Euro. I have identified the suitable selling area on the 1-hour timeframe. We are in a downward structure on the 4-hour timeframe, while the minor 1-hour chart is bullish. By obtaining confirmation from the 1-hour chart—validated by breaking the CHoCH—we can utilize this area of the Secret Order Block (1H) for entering a sell position. Again, in the selling area, a 5-minute confirmation can help us optimize our entry into the trade. First Support: 1.04494 1-Hour Liquidity: 1.03731 Potential Suitable Buying Area: 1.02720, which I will update once the price reaches this level. Thank you for your support and companionship, dear friends. Wishing you all success! Fereydoon Bahrami A retail trader in the Wall Street Trading Centre (Forex) Risk Disclosure: Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Short
by fereydoon1199
EUR/USD: Navigating Supply Zones and Future TrendsThis morning, the EUR/USD pair opened at 1.05279, experiencing an initial push before retreating to around 1.04700. As I draft this analysis, the market is exhibiting a rejection spike, indicating volatile trading conditions. Currently, the price is lingering within a supply zone established last week, where we witnessed a notable bearish impulse followed by a sharp bullish reversal leading us to our present levels. In the absence of significant macroeconomic updates or policy news to influence the currency markets, we will be closely observing any developments surrounding tariffs and the US's stance on European security as they unfold this week. Additionally, the upcoming PCE inflation figures from the United States, scheduled for release on Friday, will be under the scrutinization of Federal Open Market Committee (FOMC) officials, as usual. Our outlook remains robust, as we anticipate a potential bearish trend in the market. The current price resides within a supply area, supported by the latest Commitment of Traders (COT) report, which indicates a bullish sentiment among retail traders. Furthermore, our forecasting indicators suggest a looming bearish trend, consistent with patterns observed over the past decade during this timeframe. We are positioning ourselves for a bearish week ahead. ✅ 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.
Short
by FOREXN1
2
"EUR/USD: Long Opportunity at Trendline Support"Uptrend Momentum with Key Support & Resistance Levels 1. Overall Market Structure & Trend The EUR/USD pair is currently in an upward trend, as indicated by the well-defined ascending trendline. This trendline has been respected multiple times, providing strong dynamic support. The price has been making higher highs and higher lows, further confirming the bullish structure. 2. Critical Buying Zone & Upward Trendline Support A key buying zone is highlighted in the 1.0400–1.0440 region. This area aligns with both the trendline support and the previous consolidation zone, making it a strong potential demand area. If the price retraces into this zone, a bullish reaction is expected, offering a potential entry opportunity for long positions. 3. Moving Averages as Dynamic Support The price is currently trading above the 200-period moving average (blue) and the 50-period moving average (red). These moving averages are acting as dynamic support levels, reinforcing the overall bullish bias. A successful retest of these levels could provide confirmation for further upside movement. 4. Potential Upside Target at 1.0550 The immediate upside target is set around the 1.0550 resistance level, which marks a previous high. A breakout above this zone could trigger further bullish momentum, potentially pushing the price towards higher resistance levels. 5. Short-Term Pullback & Rebound Potential Currently, the price is undergoing a minor correction. However, as long as the trendline and the buying zone remain intact, a bullish rebound is the most likely scenario. The red arrow on the chart indicates an anticipated upward movement upon a successful retest of the support zone. 6. Conclusion & Trading Strategy - Bullish Outlook: As long as the price remains above the upward trendline and key support zone, the bias remains bullish. 🔹Key Levels to Watch: Support: 1.0400–1.0440 (buying zone) Resistance: 1.0550 (target area) Trade Setup: A potential long entry could be considered upon confirmation of a bounce from the trendline and support area, with a target of 1.0550 and a stop-loss below 1.0380. 😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
Long
by SOAM_PRO_TRADER
Lingrid | EURUSD opportunity to GO Long from SUPPORT zoneFX:EURUSD market made a false breakout above the previous weekly high, but ultimately, the price closed above that level. It then tested the January high area, which resulted in a pullback. Currently, the price is rolling back toward the Friday low, where it may find support. There’s a good chance that the price may form a range around these levels before the breakout. Overall, I expect the price to rebound from the support level and the channel border, continuing to make higher highs toward the 1.06000 resistance. My goal is resistance zone around 1.05550 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
EUR/USD Chart Analysis: Exchange Rate Hits Highest LevelEUR/USD Chart Analysis: Exchange Rate Hits Highest Level Since Early February The EUR/USD chart shows the euro rising above its previous February peak of 1.05155, set on the 14th. On one hand, the euro's strength is driven by Germany’s national elections over the weekend, where the opposition conservatives, led by Friedrich Merz, secured victory as expected. Investors are now focused on how quickly Merz’s party can form a coalition government to implement much-needed economic reforms. On the other hand, the US dollar index has fallen to its lowest level since mid-December. According to Reuters, the dollar’s weakness is influenced by: → Shifting market perceptions of its value amid Trump’s tariff policies in global trade. → Declining US Treasury yields due to expectations of further Fed rate cuts in 2025. Technical Analysis of EUR/USD Chart Price movements form an upward channel (marked in blue), but the red arrow highlights bearish activity near resistance levels at: → The yearly high around 1.05333. → The median line of the channel. Given the lower liquidity at the start of trading, the initial breakout above the psychological 1.05000 level may have been false. Potential bearish pressure could push EUR/USD towards a support zone, including: → The 1.0400 level. → The lower boundary of a broader channel (marked in orange). If bulls intend to maintain their February momentum, signs of buying activity may emerge near the lower boundary of the blue channel. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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
EURO German electionThe Euro’s strength compared to the British Pound (GBP) often comes down to a mix of economic fundamentals, market sentiment, and geopolitical factors. Think of it like this: the Eurozone and the UK are two neighbors with very different stories. The Eurozone, despite its challenges, has often been seen as a more stable and unified bloc, especially during times of global uncertainty. Investors tend to flock to the Euro as a "safe haven" currency when things get rocky, partly because it’s backed by a larger economy and the European Central Bank (ECB) has historically maintained a relatively hawkish stance on inflation, which can boost confidence in the currency. On the other hand, the GBP has had its fair share of turbulence, especially in recent years. Brexit, for instance, was a major shake-up for the UK economy, creating uncertainty around trade, investment, and growth prospects. While the UK has shown resilience, the lingering effects of Brexit, combined with political instability and concerns about slower economic growth, have sometimes weighed on the Pound. Additionally, the Bank of England (BoE) has occasionally been perceived as more cautious in its monetary policy compared to the ECB, which can make the Pound less attractive to investors seeking higher returns. Of course, currency markets are incredibly dynamic, and the relationship between the Euro and GBP can shift based on short-term factors like interest rate decisions, inflation data, or even global risk appetite. But overall, the Euro’s strength often reflects its role as a cornerstone of the global economy, while the Pound’s struggles sometimes highlight the unique challenges faced by the UK. It’s like comparing two siblings—one might seem more steady, while the other is still finding its footing after a big life change. THE UK ELECTION Ah, the recent UK election definitely adds an interesting layer to the Euro-GBP dynamic! Elections always bring a wave of uncertainty, and this one was no exception. With Labour securing a decisive victory, there’s a sense of political stability after years of Conservative-led turmoil, particularly around Brexit and the economic fallout that followed. Markets generally like stability, so in the short term, this could be a positive for the Pound. However, the real test will be how the new government handles the UK’s economic challenges—things like sluggish growth, high public debt, and the cost-of-living crisis. That said, the Euro’s strength isn’t just about what’s happening in the UK. The Eurozone has its own set of challenges, but it’s often seen as a more predictable and resilient bloc, especially when the UK is going through a transitional phase like this. Investors might be cautiously optimistic about the Pound under the new Labour government, but they’re also keeping a close eye on whether the promised reforms and fiscal policies will actually deliver growth. If the UK economy shows signs of a strong recovery, the Pound could gain ground. But for now, the Euro’s strength seems to reflect a broader confidence in the Eurozone’s ability to weather global storms, even as the UK is still navigating its post-Brexit and post-election landscape. In a way, it’s like the Euro is the steady, experienced player on the field, while the Pound is the talented but unpredictable teammate trying to find its rhythm after a rough patch. The election might be a step in the right direction for the UK, but it’ll take time to see if it translates into long-term strength for the Pound.
by Michael_ict_jr