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EURUSD trade ideas

Lingrid | EURUSD Bullish Trend ContinuesFX:EURUSD is holding a bullish structure inside an upward channel after bouncing from the 1.1670 demand zone. The current retracement appears corrective, and buyers may step in again near the confluence of the trendline and horizontal support. If confirmed, the price is expected to push toward the 1.1885 resistance and the upper channel target at 1.1900. 📈 Key Levels Buy zone: 1.1650–1.1680 (trendline + key support) Sell trigger: break below 1.1600 Target: 1.1885 – 1.1900 zone Buy trigger: bullish reversal candle near 1.1700 💡 Risks Failure to hold trendline support could lead to deeper retracement 1.1885 may cap upside if momentum fades Bearish divergence could emerge if price surges too fast If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Long
by Lingrid
25
EURUSD is moving within the 1.16850 -1.18310 range👀 Possible scenario: The euro (EUR) dropped 0.6% on July 7 amid rising trade tensions and fading hopes for near-term rate cuts by the Federal Reserve. Market sentiment turned cautious after U.S. President Donald Trump announced new tariffs targeting 14 countries without trade deals, raising concerns over global trade disruption. Major exporters like Japan and South Korea could face 25% tariffs if deals aren’t reached, while nations aligning with BRICS risk an extra 10% duty. With a quiet economic calendar on July 8, market volatility may ease, though investors remain alert to any trade policy shifts that could spark renewed market reaction. ✅Support and Resistance Levels Now, the support level is located at 1.16850 Resistance level is located at 1.18310
by MaxOnMarkets
EUR/USD Slides Below 1.1720 - Dovish Euro Data and Hawkish FedThe euro continued to retreat against the U.S. dollar in Tuesday’s European session, with FOREXCOM:EURUSD falling to 1.17163, pressured by weakening Eurozone fundamentals and renewed U.S. dollar strength. Technically, the pair has broken below a short-term support zone around 1.1745, marking a clear shift toward bearish momentum. Price action on the 4-hour chart shows a rejection from the 1.1773 resistance zone last week, forming a descending pattern as sellers gained control. Multiple indicators confirm the downward bias. The MACD (19,39,29) and MACD (12,26,9) are both printing bearish crossovers, with declining histograms indicating increasing downside momentum. Meanwhile, the JoeChalhoub_FXForecaster V1, a custom indicator, shows fading bullish pressure with histogram bars turning pink and gradually weakening. The non-repainting version supports the same trend, reflecting reduced bullish participation. Adding to the technical signals, the OsMA oscillator remains negative and is steadily declining, underscoring the persistent bearish sentiment. On the fundamental side, pressure on the euro increased after this morning’s German Industrial Production data missed expectations, further reinforcing concerns about stagnation in Germany. This comes amid ongoing dovish signals from the European Central Bank (ECB), which is widely expected to maintain a cautious stance through Q3. In contrast, the U.S. dollar is gaining ground as investors respond to Friday’s robust Non-Farm Payrolls (NFP) report and increasingly hawkish rhetoric from Federal Reserve officials. The central bank has hinted at the possibility of additional rate hikes should inflation remain sticky, widening the policy divergence between the Fed and the ECB. Key support levels for EUR/USD are now seen at 1.16890, followed by a critical zone at 1.16184. A break below these areas could open the door toward the 1.15230 region in the coming sessions. On the upside, resistance lies at 1.17498 and 1.17730. Outlook: The path of least resistance for EUR/USD remains lower in the short term. Unless upcoming data reverses the current macro narrative, the euro may remain on the defensive. Current Trade Status Opened - 7/7 @ 7:51 PM - 1.17043 Target - 1.16184 SL - 1.18289 Current Trading Account Status - (-0.007%) This is not trading advice. You should always perform your own research and technical analysis before opening a position.
Short
by jk13204
EUR/USD at 1.1750 as EU Pushes Trade DealEUR/USD trades around 1.1745 in Tuesday’s Asian session, supported by strong Eurozone retail sales for May. The Euro benefits as the EU aims to finalize a preliminary trade deal with the US this week, seeking to maintain a 10% tariff beyond the August 1 deadline while negotiations continue. The proposed agreement would keep the 10% base tariff but exempt sensitive sectors like aviation and alcohol, which helps lift market sentiment toward the Euro. Eurostat data showed retail sales rose 1.8% year-on-year in May, beating expectations of 1.2% but slowing from April’s 2.7%. Monthly sales fell 0.7%, matching forecasts. Resistance for the pair is at 1.1830, while support is at 1.1730.
by ChartMage
EUR/USD Could Take Off From Here! Strategic SetupHi traders! , Analyzing EUR/USD on the 30 minute timeframe, price is currently reacting from a strong support zone near 1.1696, showing potential for a bullish rebound after a sharp drop. 🔹 Entry: 1.1696 🔹 Take Profit (TP): 1.1770 🔹 Stop Loss (SL): 1.1621 After a strong downside move, EUR/USD is attempting a recovery from a key intraday support area. The RSI is bouncing from oversold conditions (around 34), indicating a possible short-term shift in momentum. Price is also approaching the 200 EMA from below, and a break above could confirm bullish continuation toward the 1.1770 resistance zone. The setup offers a solid risk-reward ratio and aligns with mean reversion expectations. ⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for their own decisions and risk management.
Long
by FXOnTop
EURUSD Short, 08 JulyHTF Bearish Continuation & Intraday Confirmation HTF bias remains bearish, reacting from W/D OB and completing the daily imbalance left from yesterday. Now looking for continuation lower, supported by a clean 4H OB. 📉 Confluence: 15m Decisional OB in play 5m OB entry zone with a clean 1m BOS DXY gap + imbalance still open in our favor + Correlation between EU and DXY Asia session structure aligned 🎯 Entry: Retest of 5m OB after 1m BOS 🛡️ SL: Above recent high, ~10 pips 📌 TP: Asia low – 1:3 RR ⚠️ Risk: OB is mid-Asia (less ideal), and DXY Daily imbalance not filled yet Still a solid setup with structure + HTF narrative backing it.
Short
by sTax11
10
EURUSD sideways consolidation support at 1.1640The EURUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend. Key Technical Level: 1.1640 This level marks the prior consolidation range and now acts as pivotal support. A corrective pullback toward 1.1640 followed by a bullish rejection would reinforce the bullish trend, targeting the next resistance levels at: 1.1830 – Near-term resistance 1.1900 – Minor swing high 1.1940 – Longer-term bullish objective On the other hand, a decisive daily close below 1.1640 would invalidate the bullish setup, shifting the outlook to bearish in the short term. This could trigger a deeper retracement toward: 1.1590 – Initial support 1.1530 – Key downside target Conclusion: As long as 1.1640 holds as support, the technical outlook remains bullish, favoring long positions on dips. A confirmed break below this level would signal a shift in sentiment and open the door to a corrective pullback phase. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day AheadData Releases: United States: NFIB Small Business Optimism (June): Offers insights into the health of the US small business sector. A lower-than-expected reading may point to rising concern over economic conditions and future earnings amid persistent inflation and tight credit. NY Fed 1-Year Inflation Expectations: Closely watched for signs of shifting consumer sentiment. Any uptick could reinforce expectations of policy caution from the Fed. Consumer Credit (May): Indicates household borrowing trends. A sharp slowdown may reflect waning consumer confidence or the impact of high interest rates. Japan: Economy Watchers Survey (June): A forward-looking gauge of economic sentiment among service sector workers. Deterioration would suggest weakening domestic demand. Bank Lending (June): Reflects the availability and uptake of credit; slowing lending growth would hint at weakening economic momentum. May BoP Current Account & Trade Balance: Current account surplus strength often reflects export health and foreign income. A narrowing surplus may indicate external demand headwinds. Germany & France: May Trade and Current Account Balances: Provide signals on Eurozone’s external sector strength. Germany’s export engine will be in focus given recent signs of industrial weakness. France’s figures will also be monitored for imbalances amid sluggish domestic demand. Central Bank Developments: Reserve Bank of Australia (RBA) Policy Decision: The RBA held rates steady, as expected, amid persistent inflation in services. While the bank acknowledged progress on headline inflation, it retained a tightening bias, citing risks from strong wage growth and sticky price pressures. Markets are increasingly sensitive to signs of future hikes, particularly with global central banks pivoting toward a more dovish stance. European Central Bank (ECB): ECB’s Joachim Nagel reiterated a cautious tone, emphasizing the need for data-dependency in future policy moves. He signaled concern about upside risks to inflation, especially from services, reinforcing the ECB’s slow path to easing despite recent rate cuts. His comments support market pricing of only gradual rate reductions through the remainder of 2025. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation