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EURUSD trade ideas

EURUSD map: Down to 1.04-1.00 Then Up to 1.16-1.21EURUSD is in the second leg down to complete a complex correction (red down arrows). There are three crucial target points for drop to watch: 1) Valley of red leg 1 at 1.0448 and 50% Fib at 1.0406 2) 61.8% Fib at 1.0200 3) Touch point of the throwback to broken trendline around parity Next is the reversal to upside within the large leg 2 up (blue up arrows). The possible targets depend on the depth of the current drop, the deeper the lower the upside target. From the first point of drop EURUSD could hit 1.21 area. From the lowest valley of parity it could reach 1.16 handle.
Education
by aibek
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit
EUR/USD May Continue to Drop SharplySo far, the euro has become the weakest currency among the G10, and the reason is quite clear. The expectation that Donald Trump will extend his trade war from China during his first term to other partners in his second term has created a sense of concern. In the short term, the EUR/USD pair may continue to decline even further. On the 1-hour technical chart, the EMA 34 has crossed below the EMA 89, signaling that the price of this pair is in a downtrend. While there is support at the 1.072 level, this may not be enough to stop the decline, and the price is likely to continue falling in the near future. The next support level could be around the 1.065 area, where the pair may test before continuing its downtrend. However, if this level fails to hold, EUR/USD could slide further, potentially reaching 1.050 in the longer term.
by Alisa_Rokosz
Today Eur/USD Techicla Analycis.For today’s EUR/USD technical analysis, the outlook remains neutral with further potential downside in the short term. Key levels to watch include the 1.0871 resistance, which, if broken, could signal a reversal and shift bias to the upside. However, if EUR/USD breaks below 1.0760, the pair may continue its decline, targeting the 61.8% Fibonacci retracement at 1.0740. A firm break below this level could point towards further weakness, with the next support at 1.0601. On the broader scale, the downtrend from 1.1213 could continue, with the 50% retracement at 1.0404 providing potential support​
Short
by RONEY365
GBPUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0823, which is a pullback resistance Our take profit will be at 1.0747, an overlap support level. The stop loss will be at 1.0905, a pullback resistance High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EUR / USDKey Characteristics of EUR/USD: Volatility: The EUR/USD generally has moderate volatility, though it can experience significant swings during periods of economic uncertainty or major monetary policy announcements. Economic Influences: The rate is affected by economic indicators such as GDP, inflation, unemployment rates, and central bank decisions (European Central Bank and Federal Reserve). Sensitivity to Global Events: Political and geopolitical changes in the European Union and the United States, as well as global trends like inflation, have a strong impact on the pair. High Liquidity: It is the most liquid currency pair in the Forex market, typically offering low spreads.
by ChartsWithAI
EUR/USD: A Key Barometer in the Closely Fought U.S. ElectionEUR/USD has taken on the role of an election barometer, reflecting the tug-of-war between the dollar’s fluctuations and shifting poll dynamics. With the U.S. presidential race on a knife-edge, let's take a look at how this currency pair is navigating election day, and the key technical levels that could shape its path in the days ahead. Why EUR/USD is an Election Barometer EUR/USD, as the most traded currency pair, often mirrors the global market’s risk appetite and its outlook on U.S. economic policies. A Trump-led administration has traditionally been seen as dollar-positive due to his pro domestic business policies, including tax cuts and tariffs aimed at protecting U.S. manufacturing. On the other hand, a Democratic win, led by Kamala Harris, is viewed as potentially softer on the dollar due to increased fiscal spending, climate initiatives, and regulatory tightening that could put pressure on U.S. growth rates. As a result, EUR/USD is acting as a gauge for the market’s reaction to each new poll release, particularly as expectations shift from a Trump victory to a Harris edge in the final days. Technical Analysis: EUR/USD on Election Day Daily Chart: EUR/USD began October in a downtrend following a September double-top reversal that sent the pair into a sustained sell-off as the dollar strengthened on Trump’s rising odds. The sell-off drove EUR/USD below both its 50-day and 200-day moving averages (MAs), signalling a shift toward bearish sentiment. However, recent developments in polling have seen the dollar weaken, enabling EUR/USD to break back above the 200-day MA—a signal that the bulls are tentatively returning. This recovery points to a potential shift in control, but today’s election volatility could test this level once again, keeping the 200-day MA as a key level to watch. Past performance is not a reliable indicator of future results Hourly Chart: Drilling down to the hourly chart reveals more granular election-driven price action. The week opened with a bullish price gap, indicating renewed dollar weakness, as polls favoured Harris over Trump. On Monday, the top of this gap served as an initial support level, providing a cushion for buyers amid elevated election tension. If EUR/USD fills this gap, the lower boundary could act as secondary support, serving as a test of whether the dollar’s pullback has further to run. Past performance is not a reliable indicator of future results Outlook: Election Scenarios for EUR/USD As the U.S. awaits election results, EUR/USD is positioned at a pivotal point. Should Harris win, the dollar may weaken further, potentially driving EUR/USD toward key resistance levels and beyond, as investors price in increased fiscal spending and regulatory changes. However, a Trump win could reverse recent sentiment, likely strengthening the dollar and pushing EUR/USD back below the 200-day MA, possibly revisiting October’s lows. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
EURUSD_106 2024.11.05 11:50:05 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08429 SL: 1.09077 Entry Price: 1.08996 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analytical news and forecasts, I will analyze the data and provide a prediction for the EUR/USD pair's price movement in both the short-term and long-term. **Short-term analysis (next few days):** * The EUR/USD pair is expected to continue its decline and test the support area near 1.0835. * A breakout below 1.0735 would cancel the growth option and indicate a continuation of the fall to around 1.0565. * The pair is showing sideways momentum, forming an upward channel on the 4-hour chart, but a break above 1.0922 could signal a move higher. * Significant FX option expiries at 1.0900 (1.7 billion EUR) could influence price action around this level. **Prediction for short-term:** The price is expected to go **down** in the short-term, with a potential test of the support area near 1.0835. However, if the pair breaks above 1.0922, it could signal a move higher. **Long-term analysis (next few weeks/months):** * The EUR/USD pair is expected to continue its growth towards the area above 1.1045 after a rebound from the upper border of the broken channel. * Technical indicators suggest a corrective advance is possible, but the risk remains skewed to the downside. * The European Central Bank (ECB) policy announcements and economic indicators, such as French Industrial Production and Spanish unemployment, could influence the pair's price movement. **Prediction for long-term:** The price is expected to go **up** in the long-term, with a potential growth towards the area above 1.1045. However, the risk remains skewed to the downside, and the pair's price movement will depend on the ECB policy announcements and economic indicators. **Stability:** The pair's price movement is expected to be **volatile** in the short-term due to the ongoing U.S. elections and significant FX option expiries. However, in the long-term, the pair's price movement is expected to be more **stable**, with a potential growth towards the area above 1.1045. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term analysis (next few days):** * The pair is expected to experience sideways momentum due to the uncertainty surrounding the U.S. presidential election and the upcoming ECB policy announcements. * Technical indicators suggest a possibility of a corrective advance, but the overall trend remains bearish. * Support levels at 1.0875, 1.0840, and 1.0805 are likely to be tested, with a potential rebound towards the resistance level of 1.0910. * Market sentiment is cautious, which may lead to increased volatility. **Expected short-term price movement:** Down (testing support levels) or sideways (due to uncertainty and caution) **Long-term analysis (next few weeks/months):** * The forecast suggests an attempt to continue the decline in the pair, followed by a potential upward price rebound and continued growth towards the area above 1.1045. * A breakout above the resistance level of 1.0975 could confirm growth for the EUR/USD pair. * Fundamental factors, such as the U.S. presidential election outcome and economic indicators from the U.S. and Europe, will influence the pair's long-term direction. **Expected long-term price movement:** Up (potential growth towards 1.1045 and above) Please note that these conclusions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days to 1 week)** Based on the current market conditions and technical analysis, I expect the EUR/USD price to remain relatively stable, with a slight bearish bias. The pair is currently trading above the $1.0872 support level, but the technical indicators such as the RSI are neutral, indicating a lack of strong momentum. The upcoming U.S. election results and key economic data releases, including the U.S. Trade Balance and ISM Services PMI, are likely to influence the pair's movement. If the support at $1.0872 fails, the pair may decline toward $1.0850 or even $1.0830. **Probability of price movement:** * Down: 55% * Up: 30% * Same: 15% **Long-term Analysis (Next few weeks to 1 month)** In the long term, I expect the EUR/USD price to rebound and continue its growth toward the area above $1.1045. The European economic data, although mixed, showed some positive signs, particularly from Germany. The revised PMI data for the Eurozone also indicated some positive momentum. The technical analysis suggests that a break above $1.0922 could signal a move higher, with a potential buy zone around $1.0872-1.0865. If the pair can close above $1.0975, it would indicate a bullish trend. **Probability of price movement:** * Up: 60% * Down: 25% * Same: 15% Overall, while the short-term outlook is cautious and slightly bearish, the long-term outlook is more bullish, with the potential for the pair to rebound and continue its growth. Result: ST=Down LT=Up
Short
by frankiepro
EURUSD: Will It Retrace to POI?Our philosophy focuses on simplicity and precision, avoiding cognitive overload. On the daily chart, EURUSD is trading within Range Zone. If another daily candle closes bullish above $1.086 (the Daily Range Bottom), it could push the price up to the Range Top at $1.1, which is our Daily Point of Interest (Daily POI). The Mid Daily Range may act as minor resistance on this move. If EURUSD falls below the Daily Range Bottom, it enters a bearish zone, with the next target around Key Daily Level 1↓ at $1.066. Alternatively, a bullish breakout above the Daily Range Top could extend gains to the Minor Daily Level at $1.112. Though, this scenario is secondary as long as EURUSD remains within the Daily Range Zone.
by Trade-Lean
EUR/USD is increasing and expected to tend to be higherAdemha greets everyone, Currently, the EUR/USD exchange rate stands at around 1.089 USD per Euro. The outlook ahead leans towards a potential appreciation of the Euro, driven by several factors: Monetary Policy: Although the U.S. Federal Reserve (Fed) maintains a tightening stance, there is anticipation that pressure to raise interest rates will gradually ease if inflation continues to cool. This could weaken the Dollar, allowing the Euro to recover. Eurozone Economy: If economic stimulus measures in Europe or improvements in the service and industrial sectors prove effective, the strength of the Euro could increase. Forecast: The Euro is likely to rise if economic conditions in the Eurozone improve or if the Fed adopts a more dovish policy by 2025, creating a favorable environment for the exchange rate to reach higher levels in the medium to long term.
by Ademha
EURUSD_106 2024.11.05 07:32:04 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.0827 SL: 1.08958 Entry Price: 1.08872 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is expected to attempt a decline and test the support area near 1.0715. * The correction phase is ongoing, and any upward movement is unlikely to be strong without supportive news for the euro. * The US presidential election on November 5 may introduce volatility, but the US dollar is expected to remain strong. **Expected price movement:** Down (testing support near 1.0715) **Long-term (medium-term outlook):** * The EUR/USD pair is expected to continue its medium-term decline. * The moving averages indicate a bullish trend, but this is subject to the ongoing correction and market volatility. * A potential growth target above 1.1185 is anticipated after the upward rebound. **Expected price movement:** Up (after the initial decline, with a potential growth target above 1.1185) Please note that these assessments are based on the provided analysis and are subject to change as market conditions evolve. Result: ST=Down LT=Up Analysis Method(1) Based on the provided data, here is my analysis of the EUR/USD pair's expected price movement: **Short-term (November 4-8, 2024)** * Expected price movement: Down, followed by a potential upward rebound * Reasoning: The pair is currently in a correction phase after a month-long decline, and analysts expect an attempt to develop a decline, testing the support area near 1.0715. However, a potential upward rebound and growth towards the area below 1.1185 is also expected. * Technical analysis supports this view, as the pair has broken through the area between the signal lines downwards, suggesting pressure from buyers of the European currency. **Long-term (remainder of 2024)** * Expected price movement: Up, with moderate growth and minor corrections * Reasoning: Many analysts, including LongForecast, expect the EUR/USD exchange rate to appreciate throughout the remainder of 2024, reaching fresh yearly highs. While some forecasts, like those from WalletInvestor, suggest a slight decline, the overall sentiment is bullish. * The European Central Bank's potential interest rate cuts and the Federal Reserve's rate decisions are influencing factors, but the market has already priced in the entire cycle of monetary policy easing in the U.S. **Note**: The US presidential election on November 5 is expected to introduce volatility, which may impact the pair's movement in the short term. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is in a correction phase after a month-long decline, and there are grounds for the euro to rise. * However, the correction is unlikely to be strong without continuous supportive news for the euro. * The key level to watch is 1.0845-1.0851; if the pair remains below this area, it could indicate a continuation of the decline. * Given the upcoming U.S. presidential election, significant volatility is expected in the market. **Expected short-term movement:** Neutral to slightly bearish (price may stay the same or go down) **Long-term (next few months to a year):** * Analysts expect the EUR/USD pair to potentially continue its medium-term decline. * The market has already priced in the expected monetary policy easing in the U.S., which may support the dollar's strength. * Forecasts suggest that the EUR/USD could trade at 1.07 by the end of this quarter and at 1.05 in 12 months. **Expected long-term movement:** Bearish (price expected to go down) Please note that these assessments are based on the provided analysis and may not reflect the actual market movement. The foreign exchange market is highly volatile and subject to various factors that can influence price movements. Result: ST=Down LT=Down
Short
by frankiepro