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How to Trade the EUR/USD Pair on December 20? Simple Tips The EUR/USD pair is trading around 1.0406, above 1/8 of Murray, and within the downtrend channel forming since November 29th. Yesterday during the American session, the euro reached the low of 1.0325 and covered the gap that it had left on November 20th around 1.0417. Since the euro is showing a slight recovery while consolidating above 1/8 of Murray, we could expect EUR/USD to reach 21 SMA located at 1.0465 and even climb to the 200 EMA located at 1.0576. Since the market is showing signs of overselling, it is likely that the euro will consolidate above 1.03 and below 1.05 due to low liquidity at the end of the year. Meanwhile, we will look for opportunities to buy within this range. A sharp break and consolidation above the psychological level of 1.05 and above 2/8 Murray could mean a strong recovery. Therefore, we expect the instrument to reach 4/8 Murray 1.0742 and even rebound to 1.0864.
Long
by CEO-PREMIUM-ANALYSIS
DROP , BASE , RALLY Pattern DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly. Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base. In this pattern we can take several trades by managing risk with the stop loss at previous low or high. This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience) Not a financial advice, trade on your own risk. Only for educational purpose. Regards: Javed ali nagri
Long
by javedalinagri
1
EURUSD: Best opportunity to buy for the long term.EURUSD is bearish on its 1D technical outlook (RSI = 40.973, MACD = -0.005, ADX = 14.482) but almost still oversold on 1W (RSI = 35.674). This is because after the November 18th 1W candle bottom on the LL trendline of the 2 year Channel Down, it has completed 2 red weeks in a row. Still, having rebounded on oversold 1W RSI territory, those low levels present an excellent buy opportunity for those who missed the bottom. Every bounce on the Channel Down bottom has made at least a +5.42% rally, and that is what we're aiming for (TP = 1.0900). This may coincide with a 1W MA200 test. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EUR/USD: Poised for a Reversal?On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06. A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal. That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely. Key Levels to Watch : Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound. Resistance: A target around 1.0750 appears realistic in the current context. Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
Long
by Mihai_Iacob
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone. The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair. The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO. Technically, against the background of a strong rallying dollar, the euro has almost no chance. If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term. Resistance levels: 1.0448, 1.053 Support levels: 1.033, 1.022 At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline. Regards R. Linda!
Short
by RLinda
1
EUR/USD Stagnates Near 1.0500: All Eyes on the Federal ReserveThe EUR/USD currency pair is currently consolidating within a narrow range, lingering around the 1.0500 to 1.0490 levels. As investors turn their attention to the upcoming Federal Reserve policy meeting, market sentiment remains cautious yet focused. Today's scheduled announcement regarding the US Federal Funds Rate, along with the subsequent FOMC statement and press conference, could further bolster the US dollar. Expectations are leaning toward a 25 basis point reduction in interest rates by the Fed. However, it is anticipated that the central bank will accompany this cut with somewhat hawkish commentary regarding future policy guidance. Such remarks could indicate that despite the rate cut, the Fed remains vigilant about economic conditions and inflation pressures. This meeting represents a crucial moment for market participants, as it could usher in significant volatility, particularly ahead of tomorrow's Unemployment Claims report. As traders assess these economic indicators, they are likely to position themselves accordingly, especially if the data reflects a robust labor market. Given the current landscape, our outlook for the euro remains bearish as the dollar shows a tendency to strengthen. The pressure on the eurozone continues to mount amid various economic challenges, making it difficult for the euro to gain traction against its US counterpart. As we navigate this period of uncertainty, traders are advised to keep a close eye on the developments from the Federal Reserve, as well as any shifting dynamics in the broader economic context. The next few sessions could prove pivotal for both currencies, influencing the short-term trading strategies of many market participants. We expect the dollar to maintain its upward trajectory, while the euro may struggle to hold its ground. ✅ 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
1
EURUSD: Fed spoiled Holiday seasonThe FOMC cut interest rates by 25 bps at their December meeting, which was expected by the markets. Still, in an after the meeting address to the public, Fed Chair Powell provided some not-so welcomed projections for the following year. At this moment, Fed is expecting fewer rate cuts in 2025, from initially projected, with a 50 bps current baseline. This change comes from expectations of a higher inflation in 2025. The PCE indicator is expected to end next year at 2,5%, versus 2,2% previously forecasted, while its targeted 2% is expected to reach in 2027. The US Retail Sales increased in November by 0,7% for the month, above market expectation of 0,5%. Retail sales increased by 3,8% on a yearly basis. The Industrial Production was down by 0,1% in November, which was lower from market estimate of +0,3%. The IP on a yearly basis was down by -0,9%. Building Permits preliminary for November were higher by 6,1%. The GDP Growth rate final for Q3 is 3,1%, higher from market estimate of 2,8%. The PCE Prices final for Q3 were higher by 1,5% for the quarter, in line with market expectations. The PCE index was up by 0,1% in November for the month, while core PCE reached also 0,1% in November. Personal Income was up by 0,3% in November, while Personal Spending reached 0,4% for the month. The PCE index stands at 2,4% for the year, which was lower from market estimate at 2,5%. The Michigan Consumer Sentiment final for December was published, reaching the level of 74,0, and the five year inflation expectations of 3%. The HCOB Manufacturing PMI Flash for Germany in December was standing at 42,5, lower from market forecast of 43,1. At the same time, the same indicator for services stands better at the level of 51,0, higher from market estimate of 49,3. The Ifo Business Climate in Germany for December was 84,7, again a bit lower from estimated 85,6. The ZEW Economic Sentiment Index in Germany in December exceeded market expectations with a value of 15,7, while the forecasted figure was 6,5. Inflation rate in the EuroZone, final for November, was standing at 2,2%, a bit lower from estimated 2,3%. The GfK Consumer Confidence in Germany for January is -21,3, lower from market estimate of -22,5. It was a challenging week on financial markets. The Fed projections for the year 2025 was something that the market did not expect, so the currency pair reacted in a pretty volatile way. The eurusd started the week around 1,05 level and moved all the way down to lowest weekly level at 1,035. Still, at Friday's trading session, the currency pair reverted a bit, ending the week at 1,0430. The RSI reached an oversold territory, but ended the week at the level of 40. The moving average of 50 days continues to strongly diverge from MA200 counterparty, indicating that no cross should be expected in the near term. The following week is a Holiday week on the Western markets. This means finally some less volatility, although this was a very challenging year-end. As seen during the previous week, the 1,04 support line might continue to be under pressure in the following period. Still, due to the Holiday, it should not be expected that this level is going to be breached till the year-end. Important news to watch during the week ahead are: EUR: Holiday season starts from Wednesday, and no significant data is scheduled to be published. USD: Although Holiday season starts from Wednesday there will be only a few macro data published: Durable Goods Orders for November are due on December 24th.
by XBTFX
Comprehensive Guide to Bull and Bear Flag PatternsBull and bear flag patterns are some of the most reliable and widely used chart patterns in technical analysis. These patterns are particularly effective for traders who prefer trading with the trend, offering clear entry and exit points. They appear frequently in trending markets and represent short consolidations before the trend resumes. In this guide, we’ll cover the characteristics of bull and bear flags, trading strategies, and how to enhance your flag trading using multi-timeframe analysis. What Are Bull and Bear Flag Patterns? Bull and bear flags are continuation patterns, meaning they signal the potential for a price move to continue in the direction of the prior trend after a brief consolidation or retracement. Bull Flag: This pattern occurs during an uptrend. After a sharp rise in price (the flagpole), the price begins to consolidate within a downward-sloping channel (the flag). A breakout to the upside typically follows, continuing the trend. Bear Flag: In a downtrend, after a strong decline (the flagpole), the price consolidates in an upward-sloping channel (the flag). When the price breaks downward, it continues the downtrend. These patterns are valuable for traders as they provide clear entry signals when the price breaks out of the flag's consolidation range. Anatomy of a Flag Pattern The flag pattern consists of two main components: The Flagpole: This is the sharp price movement that occurs in the direction of the trend. It signifies strong momentum and establishes the direction in which the trend is moving. The Flag: The flag is a period of consolidation or retracement that follows the flagpole. The price moves within parallel or slightly converging trendlines and typically retraces about 30% to 50% of the flagpole. The flag represents a pause in the market before the trend resumes. Key Characteristics: Bullish Flag: Occurs in an uptrend, and the consolidation takes place in a downward-sloping channel. Bearish Flag: Occurs in a downtrend, and the consolidation takes place in an upward-sloping channel. Volume (if you trade Crypto or stocks) tends to decrease during the consolidation phase and increases significantly at the breakout point, confirming the continuation of the trend. Trading Strategies for Bull and Bear Flags While bull and bear flags are relatively simple to identify, using different strategies can help enhance the effectiveness of trades. Here’s a breakdown of the most effective approaches to trading these patterns: 1. Breakout Strategy The breakout strategy is a straightforward approach that traders use to enter a position when the price breaks out of the flag's consolidation. This marks the continuation of the trend and offers a high-probability setup. Entry: Enter the trade when the price breaks above the upper trendline of a bull flag or below the lower trendline of a bear flag. Stop-Loss: Place the stop just outside the flag’s opposite boundary (below the flag for bull flags or above for bear flags). Take-Profit: Measure the length of the flagpole and project it from the breakout point. This will give you a target for where the price could potentially move. 2. Multi-Timeframe Strategy The multi-timeframe strategy involves using multiple timeframes to analyze the flag pattern. This strategy can provide a more robust confirmation for entering the trade, as it gives you a broader perspective on the overall trend. Higher Timeframe Analysis: Begin by analyzing a higher timeframe (e.g., the daily chart). Look for a strong trend, either bullish or bearish, and identify if a flag pattern is forming within this trend. Lower Timeframe Confirmation: Once the pattern is identified on the higher timeframe, zoom in on a lower timeframe (e.g., the 1-hour or 4-hour chart) for precise entry points. Look for the price to break out of the flag pattern on the lower timeframe, confirming the trend continuation. Why Use This Strategy? Multi-timeframe analysis reduces the risk of false breakouts by confirming the broader trend on a higher timeframe. It allows you to refine your entries by using a lower timeframe for greater precision. Note: A critical benefit of this strategy is its ability to significantly enhance the risk-to-reward (R:R) ratio, with the example presented achieving an impressive 1:5 ratio. This means that for every unit of risk taken, the potential reward is five times greater—a highly efficient use of capital and risk management. 3. Pullback Entry Strategy The pullback entry strategy offers a more conservative approach to trading flag patterns. Instead of entering at the initial breakout, this strategy waits for a pullback toward the breakout level to confirm the trend’s continuation. Entry: Enter the trade after the breakout has occurred but wait for the price to pull back to the flag’s trendline. This pullback gives you a better risk-to-reward ratio. Stop-Loss: Place the stop just below the flag’s trendline for a bull flag or above it for a bear flag. Take-Profit: As with the breakout strategy, project the flagpole's length from the breakout point for your target. When Not to Trade Flag Patterns While flag patterns are reliable, they are not always guaranteed to work. There are specific conditions when you should avoid trading them: Choppy or Sideways Markets: Flags perform best in trending markets. If the market is choppy or moving sideways, flag patterns are less likely to lead to a strong breakout. Weak Flags: If the flag's consolidation is too broad or the market loses momentum during the consolidation, the breakout may be weak or fail altogether. Conclusion Bull and bear flag patterns are essential tools in any trader's toolkit, offering high-probability setups in trending markets. By understanding how to spot them, applying different trading strategies, and incorporating multi-timeframe analysis, traders can enhance their chances of success. Final Tip: Always combine flag patterns with good risk management techniques, such as proper stop-loss placement and positive risk:reward.
Education
by Mihai_Iacob
8
EUR/USD 30-Minute Chart AnalysisEUR/USD 30-Minute Chart Analysis The EUR/USD pair is currently trading within a well-defined upward channel, showing bullish momentum. It recently moved from the support level around 1.0330 to test resistance at approximately 1.0457, with the current price around 1.0429. Key levels to watch include: Resistance: Immediate resistance at 1.0457 and potential higher resistance near 1.0475. Support: Initial support at approximately 1.0384 and stronger support near the previous low at 1.0330. Traders should watch for potential reversal signals from RSI and MACD, as well as volume trends that can confirm market sentiment. Overall, the pair presents opportunities for both long and short positions depending on price action dynamics. Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
by David_Josh_Trader
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support level. Pivot: 1.0451 1st Support: 1.0333 1st Resistance: 1.0533 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURUSD H4 | Falling from 38.2% Fibo?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0453, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Our take profit will be at 1.0334, a swing low support level. The stop loss will be at 1.0531, an overlap resistance level close to the 61.8% Fibo retracement. 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
EURUSD BULLISH OUTLOOK | ( READ THE CAPTION )hello dear traders ! current situation currently market running near our demand zone at the price of 1.03950 and our demand zone level is 1.03769 / 1.03543 we are accepting bullish move from our demand zone and our target is 1.05046 level because here is our supply zone in 4h potential trade setup entry zone 1.03769 / 1.03543 target 1.05046 stop loss 1.03151 Risk Management : Always use stop-loss orders to limit potential losses. Adjust your position size based on your risk tolerance and account balance. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me!
Long
by TheForexAdventures
EUR/USD Market Dynamics: Analyzing Recent Price MovementsFollowing our previous analysis, we anticipated the market's response to last week's robust U.S. economic indicators, particularly regarding the USD's strength against the EUR. After experiencing a notable bearish trend, the euro managed to recoup some losses, specifically retesting our pending order at 1.04380. As I write this article on December 23, 2024, the currency pair trades around 1.04130, providing a rejection of our entry point. On Monday, the U.S. Dollar (USD) stabilized after a significant drop on Friday. This sell-off was prompted by weaker-than-expected growth in the U.S. Personal Consumption Expenditure Price Index (PCE). Specifically, the core PCE—a key inflation metric favored by the Federal Reserve—rose by 2.8%, falling short of the projected 2.9%. On a month-to-month basis, both headline and core PCE inflation inched up by only 0.1%, leading to speculation about the Federal Reserve's trajectory concerning interest rate adjustments in 2025. Federal Reserve officials are beginning to signal expectations of fewer rate cuts in the coming year, as the disinflation process appears to be slowing and uncertainties loom over how President-elect Donald Trump’s upcoming immigration, trade, and taxation policies could affect the economy. Given the current outlook, we are anticipating a continuation of bearish trends in the market. Previous Idea: ✅ 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
1
EURUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0394 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0463 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an UPWARD channel. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- 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 TheGrove
3
EURUSD Downtrend Holds Steady: Time to Go ShortEURUSD experienced a sharp decline earlier today, following the release of key economic data that spurred renewed bearish momentum. The market reaction was swift, with sellers overwhelming buyers and driving the price lower. After this initial move, the pair is now staging a pullback, attempting to recover some ground as it approaches a critical resistance zone. This retracement presents a significant technical setup that could dictate the pair’s next major move. The current pullback is bringing the price closer to the resistance zone around 1.04300, a level that has proven pivotal in the past. Historical price action highlights this area as a confluence zone, marked by prior reversals and intensified trading activity. As the price approaches this region, signs of exhaustion are becoming increasingly evident. On closer examination of the candlestick patterns, rejection candles—characterized by long upper wicks and small bodies—are forming near this resistance level. These candles suggest that buyers are struggling to push the price higher, while sellers are beginning to regain control. A deeper look at the 1-hour chart reveals a clear ABCD pullback pattern, a widely recognized harmonic structure in technical analysis. This pattern indicates a measured retracement within a broader downtrend, providing traders with potential entry points for the continuation of the trend. In this case, the "AB" leg represents the initial bearish impulse, the "BC" leg corresponds to the current corrective move, and the anticipated "CD" leg signals the likely continuation of the downward movement. If the pattern completes as expected, the price is likely to reverse from the resistance zone near 1.04300 and resume its descent. The broader market sentiment further supports a bearish outlook. Macroeconomic conditions, combined with the technical dynamics of the pair, point to continued selling pressure. The recent news release acted as a catalyst, intensifying the downward momentum, and this sentiment is unlikely to change unless there is a significant shift in market fundamentals. Additionally, the lack of follow-through by buyers in the pullback phase underscores the strength of the prevailing bearish trend. From a technical perspective, the resistance zone around 1.04300 holds immense importance. Not only does it align with the upper boundary of the ABCD pattern, but it also coincides with a key Fibonacci retracement level and a psychological price barrier. These overlapping factors create a strong confluence area, increasing the likelihood of a reversal. If the price fails to break above this zone, the bearish momentum is expected to accelerate, targeting the next significant support zone around 1.03260. The support zone at 1.03260 represents a critical area where buyers may reenter the market. This level has acted as a demand zone in the past, providing temporary relief from selling pressure. However, given the strength of the current bearish trend, a test of this level seems increasingly likely. Traders should watch for additional confirmation signals, such as bearish candlestick formations or increased selling volume, as the price approaches the resistance zone. It’s also worth considering potential invalidation levels. Should the price manage to break and sustain above the 1.04300 resistance, the bearish scenario would need to be reassessed. Such a move could indicate a shift in market dynamics, opening the door for a potential bullish reversal. However, until that happens, the dominant trend remains bearish. In conclusion, EURUSD continues to exhibit strong bearish momentum, with the current pullback offering an opportunity to position for the continuation of the downtrend. As the pair approaches the 1.04300 resistance zone, the technical and fundamental landscape suggests that the bearish trend is likely to resume. My primary target remains the support zone at 1.03260, which aligns with prior swing lows and key technical levels. Traders should remain cautious and monitor key levels closely, ensuring that their risk management strategies are firmly in place.
Short
by lonelyPlayer0