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EURUSD trade ideas

EUR/USD Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook: The Eurodollar has experienced persistent bearish sentiment during this week's trading session, demonstrating insufficient strength to initiate any interim rebound. The prevailing selling pressure has lowered the Eurodollar to our Mean Support level of 1.079. A temporary rebound led to the reversal of the previously established Inner Currency Dip at 1.083, which currently stands as Mean Res 1.083 and might serve as the Interim Rebound's first stage. The Euro appears poised for further decline, potentially reaching the inner currency dip of 1.075, which remains notably significant and triggers second stage Interin Rebound to Mean Sup 1.078.
by TradeSelecter
EUR/USD: Extending the declineHello dear friends. Overall, EURUSD has made a significant recovery from last week with a price increase beyond 1.0800 after data from the US showed that Durable Goods Orders fell 0.8% in September. However, unfortunately, the pair quickly fell back and closed the fourth consecutive week in negative territory, weakening EURUSD significantly. In addition, from the 1-hour chart, the pair has broken the rising trend line and the price wedge has been broken, suggesting that the bears are likely to continue to gain the upper hand without any significant reversal, as shown by the flat 34.89 EMA.
Short
by Bentradegold
EUR/USD: hits new 16-week lowEUR/USD is trading around 1.078 and the technical picture remains heavily bearish after failing to break above the 1.0800 resistance level. The decline comes as Fibre falls sharply ahead of Thursday’s new round of Purchasing Managers’ Index data. ECB officials have played down economic concerns, reiterating the need for caution when considering future rate cuts. As seen on the 1-hour chart, it can be seen that the price remains below the 34, 89 EMAs and the price wedge has not been broken, suggesting that the downtrend is not over yet. This usually allows sellers to still gain the advantage of a more bearish reversal in the near term, potentially reaching lower levels around 1.0740. Happy trading.
Short
by Bentradegold
1
EUR/USD Sells to continue from 1.08300 or 1.08500EU Analysis Breakdown: My bias for EU aligns closely with GU, anticipating a continued bearish trend as long as the DXY remains bullish. I’ve marked out two supply zones and will wait for either to be mitigated, followed by my lower time frame execution model involving Wyckoff principles. Once I spot a Wyckoff distribution pattern, liquidity sweep, and CHOCH, I’ll initiate a sell position to keep with the downward trend. If price reaches the 9-hour demand zone at 1.07500, I’ll assess potential buy opportunities there. Confluences for EU Sells: - Strong bullish momentum in the DXY supports a downward bias for EU. - EU’s consistent bearish structure aligns with this trend-following approach. - An untouched supply zone provides a key area for potential sell entries. - Significant downside liquidity offers additional targets. P.S. Price could alternatively rise due to the liquidity above the supply zone, particularly around Asia session highs. Trade safely and stay smart out there!
Short
by Hassan_fx
EURUSD hit the MA50 (4h) after 1 month. Buy if it breaks.EURUSD hit today its MA50 (4h) for the first time since September 30th. The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50. Trading Plan: 1. Buy after a (4h) candle closes above the MA50. Targets: 1. 1.09500 (Resistance 1). Tips: 1. The RSI (4h) is already on a bullish reversal and a Higher High. If the MA supports, it will be an extra bullish signal. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
EUR/USD resumes lowsAfter bouncing off the trend line that has been in place since October 2023, around 1.0760, the selling seems to have resumed in the EUR/USD today. Price has found resistance right off the 1.0835-40 region. This area has provided some support at the back end of last week, before giving way earlier this week. Once support, it has turned into resistance. From here, the EUR/USD could revisit the trend line and the August low of 1.0777, with the subsequent bearish target being around 1.0700. The dollar's strong rally in recent weeks and the simultaneous climb in bond yields are clear headwinds for the EUR/USD. Next week is a busy one for the economic calendar with lots of US economic data, and lots of major company earnings all to come ahead of the November 5 US Presidential election in the following week. It is unlikely that the dollar will sell-off ahead of the election, meaning the pressure is likely to remain on the EUR/USD in the week ahead. By Fawad Razaqzada, market analyst at FOREX.com
Short
by FOREXcom
1
"EUR/USD: Is This Sharp Decline Just the Beginning?"The EUR/USD pair has reached a pivotal milestone, surpassing a significant threshold with a 300-pip movement. This substantial shift is backed by a favorable macroeconomic environment, particularly driven by a stronger U.S. economy and the surging dollar, as evidenced by the impressive rally in the U.S. dollar index. In contrast, the European economic landscape is weaker, with continued interest rate cuts by the European Central Bank contributing to downward pressure on the euro. The broader fundamental picture supports the view that this downward trend in the currency pair is likely to persist in the medium term. As the price reaches the 1.078 level, we are now entering a key liquidity zone. This area is crucial, as liquidity pools often play a significant role in shaping price action. The presence of liquidity beneath this level could potentially trigger a reversal or a correction. If a correction materializes, the price could rebound toward the imbalance zone or possibly even retrace to the local maximum. However, any corrective move is likely to be short-lived, as the broader trend remains biased toward further decline. The resistance levels currently stand at 1.085 and 1.087, while support levels are positioned at 1.078 and 1.067. These levels will be key in determining the next moves for the pair. The last time the 1.078 support level was tested was in early August, a factor worth considering as the market faces an aggressive 3% decline. This steep drop could lead to a temporary rebound, especially if the market lacks the necessary momentum to decisively break through the support level. A period of consolidation or a minor correction may provide the market with the breathing room it needs to gather strength for the next leg of the move. What’s noteworthy here is the delicate balance between technical and fundamental factors. The price has reached a zone where liquidity dynamics could drive short-term corrective moves, but the overarching weakness in the euro, combined with U.S. economic resilience, suggests that any upward movement will likely be capped. Traders should be mindful of potential whipsaws around key levels, as the price could oscillate between support and resistance in the near term before resuming its broader downward trajectory. In summary, while the market may see a temporary pullback, the fundamental backdrop favors a continued decline for EUR/USD in the medium term. Traders should watch the liquidity and imbalance zones closely, as they will be critical in shaping price action in the coming days. With resistance levels looming just above and the support levels being tested, the next few sessions could prove decisive in determining whether the pair consolidates or resumes its decline. Either way, the prevailing bias remains bearish, and any short-term correction should be viewed as an opportunity to reassess positions before the downtrend continues.
by lonelyPlayer0
2
Analysis on EUR/USD - ABCD Harmonic Pattern ReversalWe’re observing a potential bullish reversal on the EUR/USD daily chart, as the harmonic ABCD pattern nears completion at a key support zone around 1.0796. This setup aligns well with the technical indicators suggesting a momentum shift, which could provide strong trade opportunities in the coming days. Key Analysis Points: ABCD Harmonic Pattern The pattern has fully completed, with point D sitting on the support level at 1.0796, increasing the chances of a reversal. Harmonic patterns, especially ABCD, are known for their reliability in predicting market reversals. Technical Indicators TDI Indicator shows early signs of recovery, hinting at a potential reversal from the recent downtrend. TDI Momentum lines crossing at lower levels suggest an uptick in buying pressure is imminent. Overall Market Sentiment While EUR/USD has faced bearish pressure recently, the holding of 1.0796 as support increases the likelihood that the downward move could be running out of steam. A bounce here may signal a new bullish phase. Investment Strategies: 1.Bullish Reversal Buy at Point D Entry: Buy around 1.0796, taking advantage of the expected bounce from the harmonic pattern's D point. Take Profit: 1.1001, the first major resistance. Stop Loss: 1.0731. Risk/Reward: 1:2+ Rationale: Point D in the ABCD pattern typically marks the end of the correction, and the technical indicators align with this reversal scenario. 2.Breakout Buy Above 1.0917 Entry: Buy upon a confirmed breakout and close above 1.0917. Take Profit: Initial target at 1.1035, with an extended target at 1.1172. Stop Loss: Below the nearest support, around 1.0850. Risk/Reward: 1:2 Rationale: A breakout above 1.0917 could solidify the bullish reversal and attract additional buyers, leading to a rapid move higher. Both the reversal buy near 1.0796 and the breakout buy above 1.0917 offer high-probability opportunities based on the current market structure and technical analysis. Keep an eye on price action confirmation on lower timeframes to optimize entries.
Long
by MrVNpt
EURUSD Buy TradeTime Frame: - H4: FVG Identification - H1 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 1.0807 area, indicating a reversal in market sentiment. 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0806 - 1.0810. 3. Position: Entry : 1.0825 Stop Loss : 1.0811 Take Profit: 1.0849 RRR : 1:1,9x ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Long
by Phoenix-Rise-Trade
HelenP. I Euro can little grow and then start to declineHi folks today I'm prepared for you Euro analytics. Some days ago price rose to the resistance level, which coincided with the resistance zone, and tried to break it, but failed and fell below. But soon, the price finally broke this level and entered to consolidation, where it at once rose to the top part. After this movement, the EUR turned around and made a correction to the resistance level, after which at once bounced and started to grow. Later EURO rose back to the top part of a consolidation, which coincided with the trend line, and then started to decline. In a short time, the price fell to the 1.1 resistance level, and broke it, thereby exiting from consolidation and continuing to move down. Later price reached the trend line and broke it, after which made retest and continued to fall. But a not long time ago it rebounded and started to grow, therefore I expect that EURUSD will rise more and then continue to fall. That's why I set my goal at 1.0750 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7