EURUSD trade ideas
EUR/USD – Weekly Chart: Bearish Outlook and Short Position SetupFX:EURUSD
Overview:
The EUR/USD pair is showing a bearish signal on the weekly chart after recent price action. The current opening price of 1.02355 suggests the potential for a downside movement toward 1.01478, based on a calculated target price using the ATR and Supertrend indicators.
The Supertrend indicator indicates a bearish trend, supported by RSI readings that suggest the pair is likely overbought and could undergo a correction. This setup points to a strategic opportunity for a short position, aiming for the target price of 1.01478, which represents a downside potential of approximately 0.85% from the current level.
Technical Indicators:
Supertrend: The Supertrend indicator on the weekly chart is currently in the red, confirming a bearish market structure. The trend is expected to continue downward, signaling a potential for sustained selling pressure.
RSI: The RSI on the weekly chart is in overbought territory, suggesting a weakening of upward momentum and an increased likelihood of a price retracement.
EURUSD chart Anylisis 1Hour Let's take a look at the 1-hour chart for EURUSD.
This is not financial advice. Trade and manage at your own risk
after last nights win..FIB and EMA and TREND showing a sell on this 15
THE CANDLES show great rejeCtion to all three instruments
EURUSD SELL ANALYSIS BEARISH PENNANT PATTERNHere on Eurusd price form a bearish pennant and now try to fall so as the line 1.02769 has broken so price is likely to fall more and trader should go for short with expected profit of 1.02400 and 1.01925 . Use money management
Fundamental Market Analysis for January 13, 2025 EURUSDData from the US Bureau of Labour Statistics (BLS) released on Friday reported that non-farm payroll employment (NFP) rose by 256k in December, exceeding market expectations of 160k and beating the revised November figure of 212k (previously reported at 227k).
The unemployment rate fell to 4.1% in December from 4.2% in November. Annual wage inflation, as measured by the change in average hourly earnings, fell slightly to 3.9% from 4%.
US labour market data for December is likely to reinforce the US Federal Reserve's (Fed) stance on keeping interest rates unchanged in January, which will support the dollar against other currencies. Markets expect the Fed to keep the benchmark overnight interest rate in the range of 4.25%-4.50% at its 28-29 January meeting.
In addition, traders expect four interest rate cuts by the European Central Bank (ECB), which are expected to occur at each meeting through the summer. ECB policymakers seem to be comfortable with these expectations as inflationary pressures in the Eurozone remain largely under control.
The head of the ECB and the Bank of France said that interest rates will continue to move towards a neutral rate ‘without slowing down by the summer’ if upcoming data confirm that ‘the pullback in price pressures does not remain in place’.
Trade recommendation: Trading mainly with Sell orders from the current price level.
POSSIBLE BUY EUR/USDPossible buy to watch out for as EUR is in a period of potential short-term recovery after massive land slide.
change the trendThe downtrend is expected to continue to the specified support levels, then there is a possibility of a trend change and a rise.
EURUSD InsightHello, subscribers!
It’s great to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe!
Key Points
- U.S. December Nonfarm Payrolls increased by 256,000, significantly exceeding market expectations of 155,000, while the unemployment rate edged down slightly to 4.1% from the previous month's 4.2%.
- The stronger-than-expected performance of the U.S. labor market has solidified expectations for the Federal Reserve to maintain interest rates. A rate pause in January is now widely anticipated, with similar expectations for March and May.
- The yield on the 10-year U.S. Treasury rose to nearly 4.8%, while the 30-year yield broke above 5.0% at one point.
- Reports suggest that the Bank of Japan may revise inflation forecasts upward during its January meeting due to rising rice prices and exchange rate volatility. This has fueled speculation that the Bank of Japan might consider a rate hike, strengthening the yen.
- If the UK CPI comes in higher than expected this week, it could push gilt yields higher and intensify concerns over the UK’s worsening fiscal outlook.
Key Economic Events This Week
+ January 14: U.S. December Producer Price Index (PPI)
+ January 15: UK December Consumer Price Index (CPI), U.S. December CPI
+ January 16: UK November GDP, Germany December CPI, U.S. December Retail Sales
+ January 17: UK December CPI
EUR/USD Chart Analysis
The pair faced resistance at the anticipated high of 1.04500, resulting in a significant drop back toward the 1.02000 level. While there has been a slight temporary rebound, the pair is expected to resume its downward trajectory, potentially extending losses to the 1.01000 level. Should the 1.01000 support break, we may see the pair decline further toward parity (1.00000).
EUR/USD (EU) Analysis (Daily Timeframe)Recently, we’ve observed a distribution phase in EUR/USD, followed by a markdown , confirming the overall bearish trend visible on both the daily and weekly timeframes.
Key Observations:
Bearish Structure:
On the daily timeframe, price is consistently creating supply zones and showing strong reactions to them.
The market structure confirms the downtrend with the formation of lower lows and breaks to the downside.
EMA Interaction:
The price is currently surfing downward along the EMAs , which are acting as dynamic resistance and reinforcing the bearish momentum.
Scenarios to Watch:
Continuation: Price could continue its markdown, heading toward the short-term target and potentially testing the psychological level of 1.0000.
Re-distribution: There’s also a possibility of a move upward, creating a re-distribution phase to accumulate enough liquidity for a stronger push below 1.0000 .
Fundamental Insights:
Strength of the US Economy:
The US dollar remains strong due to:
Higher interest rates maintained by the Federal Reserve to combat inflation, which increases the demand for USD-denominated assets.
Strong labor market data , with low unemployment and rising wages supporting consumer spending.
Positive GDP growth , reflecting resilience in the US economy despite global economic challenges.
Weakness in the Eurozone:
European economies are facing multiple headwinds, including:
Energy concerns driven by geopolitical tensions, leading to higher costs for businesses and consumers.
Slow economic growth as inflation continues to weigh on consumer spending.
Divergence in monetary policy , with the European Central Bank (ECB) appearing more cautious about aggressive rate hikes compared to the Fed.
The combination of these factors makes the USD fundamentally stronger, while the EUR struggles under the weight of economic and geopolitical challenges.
My Perspective:
Given the strong bearish structure, EMA surfing, and fundamental backdrop, I expect further downside momentum. However, the possibility of a re-distribution phase cannot be ruled out, especially if liquidity is needed to push below the 1.0000 level. Staying cautious and reactive to price action around key levels will be crucial.
SELL We see the iver all trend is bearish
In 4h there is bos
There is rejection down whic allows to retest above and fill imbalance shown.
We wait the pull back and wait confirmation in 30 to sell.
looking for sell EURUSD#Technical_Analysis
#EURUSD-1h
Last week, we were monitoring the 1.031 support zone and observing the price’s reaction to this area. On Friday, this zone was finally broken, and now we can say that the market is in a downtrend. This allows us to take risks on resistance zones and enter sell positions.
The nearest resistance zones are 1.028 and 1.032. We will analyze the price reaction to these levels in the 1-hour timeframe.
#FarXpert
EUR/USD Outlook: Downward Momentum Poised for ContinuationEUR/USD is exhibiting strong downward momentum with limited upside strength. I anticipate a minor retracement at the start of the week, followed by another push lower as the pair attempts to break its current range. If the range break holds, we could see a significant continuation of the prevailing downtrend.
EUR/USD Critical Pivot Zone: Breakout Imminent?**⚡ Key Highlights:**
- EUR/USD is trading near the critical **1.02442 pivot zone**, where long and short positions are relatively balanced.
- A decisive breakout could set the stage for significant directional movement in the short term.
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### **📈 Key Resistance Levels:**
1️⃣ **1.03000 - 1.03500**
- A break above **1.03000** could trigger short-covering, leading to momentum buying.
- Upside targets include **1.03500** and **1.05000**, especially with weak U.S. data or Eurozone surprises.
---
### **📉 Key Support Levels:**
1️⃣ **1.02000 - 1.01500**
- A breakdown below **1.02000** may push the pair toward **1.01500** or even **1.0000**.
- However, limited short momentum below the current price suggests caution without new selling pressure.
---
### **📊 Likely Scenarios:**
**1. Bullish:**
- Weak USD momentum or Eurozone surprises could push EUR/USD above **1.03000**, rallying toward **1.03500+**.
**2. Bearish:**
- Strong U.S. Dollar Index (DXY) momentum may lead to a test of **1.02000**, with potential extensions to **1.01500**.
---
**🔍 Monitor:**
- Economic data from the Eurozone & U.S.
- Price action around the key pivot zone (**1.02442**).
Trade with caution and watch for confirmations of breakout levels!
EURUSD Will be in bearish direction after Breaking ChannelHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD "This week's trading outlook: The latest CoT report shows EUR/USD net positions remain negative, indicating continued bearish momentum."
Support broken in a sort of Head and shoulder pattern. FX:EURUSD broke down the support level. 1st target the Support leverl tested last couple of years, 2nd target hight "Head". Stop Loss above bear candle.
EURUSD Technical Analysis: No Signs of a Reversal!As noted in the previous analysis, the pair reversed from the identified supply zone. On the daily time frame, aside from the marked support levels, no significant factors suggest a reversal. A key element for a potential turnaround would be the break of the descending trendline, which has yet to occur, requiring patience for now. Additionally, the risk of entering a sell trade under current conditions is high.
EUR/USD Key Levels: Potential Breakdown or Recovery?This analysis focuses on the EUR/USD daily chart, highlighting key levels and potential scenarios based on technical and fundamental factors.
1. Resistance:
• The 1.0350 level acts as a critical resistance unless major positive Eurozone data surprises occur. A break above this could lead to a medium-term recovery.
2. Short-Term Outlook (1-2 Weeks):
• Likely to test the 1.0200 support, with the potential for an extension toward 1.0150. This is driven by strong U.S. economic data and DXY (Dollar Index) momentum.
3. Medium-Term Outlook (1-3 Months):
• Below 1.0150, a drop toward parity (1.0000) becomes possible, especially if the DXY rises above 110.
4. Breakout Scenarios:
• Bearish: A sustained break below 1.0150 could target 1.0000.
• Bullish: A move above 1.0450 may lead to a recovery toward 1.0600, particularly if the Fed signals a dovish pivot.
This idea takes into account technical analysis, supported by macroeconomic fundamentals. Trade cautiously, and use clearly defined stop-loss levels to manage risk effectively.
EUR/USD Price Prediction!Hi guys, This is my some technical work about the pair FX:EURUSD
I hope you will find here in this technical review of the price & chart of this pair, some interesting and supportive reviews, ideas for your next trades!
