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EURUSD Faces Choppy Movement, Eyes 1.1330EURUSD Faces Choppy Movement, Eyes 1.1330 EURUSD is currently moving without a clear direction, creating a challenging trading environment. However, based on the latest price action, the pair has broken out of a small triangle pattern, signaling a possible short-term decline toward 1.1330. This move could gain support if today's ADP employment data surprises the market. Expectations are set at 108K, down from 155K last month, but the ADP report has exceeded forecasts multiple times recently. Since April tends to be a strong month for employment, there’s a chance for better-than-expected numbers. Still, the focus remains on technical pattern, so let’s see how the setup plays out. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
10
EURUSD – Bear Flag Before Further Drop?Like most of the market, EURUSD reacted strongly on April 22–23 with a sharp move down. Since then, price has entered a consolidation phase — and thIS pause has now taken the shape of a bear flag, a classic continuation pattern that often leads to further correction once confirmed. 📉 Key levels to watch: 1.1350 – Initial trigger for the flag break 1.1300 – Confirmation of bearish momentum Target: 1.1100 Invalidation: A return above 1.1500 would negate the pattern and call for reassessment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
4
EURUSD April 30 Trade ExecutedEURUSD April 30 Trade Executed Previous session Price delivering in a discount, Price only expanded rebalancing a FVG. Price came to the 50 level. Coming into Asia breaks down. I suspected for Price to lower to gravitate to equal lows target. When price hit the equal lows and in a discount I suspected for Price to come to rebalance the FVG and possibility expand to the 50 level. Elements to my set up *liquidity taken *in a discount PD array *inefficiency target identified FVG to rebalance, equal highs *risk to reward calculated *22:05 candle creates FVG *22:40 candle taps the CE of created FVG 22:05 candle *22:40 entry *2:35 candle exit 4 hours for this trade to achieve. 33 pips
by LeanLena
Bearish drop?EUR/USD has reacted off the pivot and could drop to the 1st support. Pivot: 1.14245 1st Support: 1.1146 1st Resistance: 1.1569 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
1
German inflation higher than expected, Euro dipsThe euro is calm on Wednesday. In the North American session, EUR/USD is trading at 1.1334, down 0.45% on the day. Germany's inflation rate dropped to 2.1% y/y in April, down from 2.2% in March but above the market estimate of 2.0%. This was the lowest level in seven months, largely driven by lower energy prices. The more significant story was that core CPI, which excludes energy and food and is a more reliable indicator of inflation trends, rose to 2.9% from 2.6%. This will be of concern to policymakers at the European Central Bank, as will the increase in services inflation. The ECB has to balance the new environment of US tariffs and counter-tariffs against the US, which will raise inflation, along with the strong rise in the euro and fiscal stimulus which will boost upward inflationary pressures. The ECB will be keeping a close look at Friday's eurozone inflation report, which is expected to follow the German numbers. Headline CPI is projected to drop to 2.1% from 2.2%, while the core rate is expected to rise to 2.5% from 2.4%. The central bank would prefer to continue delivering gradual rate cuts in order to boost anemic growth, but this will be contingent on inflation remaining contained. The markets were braced for soft US numbers but the data was worse than expected. ADP employment change declined to 62 thousand, down from a revised 147 thousand and below the market estimate of 115 thousand. This was followed by first-estimate GDP for Q1, which declined by 0.3% q/q, down sharply from 2.4% in Q4 and lower than the market estimate of 0.3%. This marked the first quarterly decline in the economy since Q1 2022. The weak GDP reading was driven by a surge in imports ahead of US tariffs taking effect and a drop in consumer spending. EUR/USD has pushed below support at 1.1362 and is testing support at 1.1338. Below, there is support at 1.1306 There is resistance at 1.1394 and 1.1418
by OANDA
German inflation higher than expected, Euro dipsThe euro is calm on Wednesday. In the North American session, EUR/USD is trading at 1.1334, down 0.45% on the day. Germany's inflation rate dropped to 2.1% y/y in April, down from 2.2% in March but above the market estimate of 2.0%. This was the lowest level in seven months, largely driven by lower energy prices. The more significant story was that core CPI, which excludes energy and food and is a more reliable indicator of inflation trends, rose to 2.9% from 2.6%. This will be of concern to policymakers at the European Central Bank, as will the increase in services inflation. The ECB has to balance the new environment of US tariffs and counter-tariffs against the US, which will raise inflation, along with the strong rise in the euro and fiscal stimulus which will boost upward inflationary pressures. The ECB will be keeping a close look at Friday's eurozone inflation report, which is expected to follow the German numbers. Headline CPI is projected to drop to 2.1% from 2.2%, while the core rate is expected to rise to 2.5% from 2.4%. The central bank would prefer to continue delivering gradual rate cuts in order to boost anemic growth, but this will be contingent on inflation remaining contained. The markets were braced for soft US numbers but the data was worse than expected. ADP employment change declined to 62 thousand, down from a revised 147 thousand and below the market estimate of 115 thousand. This was followed by first-estimate GDP for Q1, which declined by 0.3% q/q, down sharply from 2.4% in Q4 and lower than the market estimate of 0.3%. This marked the first quarterly decline in the economy since Q1 2022. The weak GDP reading was driven by a surge in imports ahead of US tariffs taking effect and a drop in consumer spending.
by OANDA
EURUSD meltdown incoming | 🔹 Pair / TF | EUR/USD, 4 h → Lower Timeframes | | 🔹 Bias | Bearish (potential reversal after reaching higher resistance, with RFI divergence) | 📊 Key Levels (Adjusted based on higher price) Level: ~1.13900 - ~1.14100 (Potential Immediate Resistance Zone - based on possible previous highs or Fibonacci levels not visible on the prior chart) Level: ~1.14954 (Potential Higher Resistance - extrapolating from previous chart structure) Level: ~1.11504 (Previous R1 - now potential support if price reverses significantly) Level: ~1.10777 (Previous Resistance Zone - now potential stronger support if price falls further) 🚨 Trigger (Adjusted) With an entry at 1.1375, you are likely anticipating a reversal from a higher resistance level. Look for bearish rejection signals (bearish engulfing, pin bar) forming around the ~1.13900 - ~1.14100 zone or potentially higher. Crucially, examine the RFI on the lower timeframes (if possible). If the price made a higher high to reach 1.1375, but the RFI did not make a corresponding higher high (or showed a lower high), this would indicate bearish divergence, strengthening the case for a potential reversal. ✅ Confirmation (Adjusted) Confirm bearish candlestick patterns on lower timeframes (1h, 15m) at the potential resistance levels. Look for bearish divergence on the RFI. This is a strong signal that upward momentum is waning. If you are using RSI, watch for a break below the 50 level after the bearish price action. Increasing selling volume on lower timeframes during the rejection would add confirmation. 🎯 Entry & Stops (Adjusted) | 🔶 Entry | 1.1375 (Your Given Entry Price) | | 🔴 Stop-Loss | Above the high of the rejection candle and potentially above the ~1.14100 level or the next visible resistance, depending on your risk tolerance (e.g., ~1.14250 - ~1.14400) | Your entry is already executed. Now focus on stop-loss placement and target levels. Risk: Manage your position size according to your risk tolerance and the chosen stop-loss level. 🎯 Profit Targets (Adjusted) | Target | Level | Pips (approximate from 1.1375) | RRR (depending on stop-loss) | | :----- | :--------- | :----------------------------- | :--------------------------- | | T1 | ~1.13000 | ~75 | Varies | | T2 | ~1.12500 | ~125 | Varies | | T3 | ~1.11504 | ~225 | Varies | Consider taking partial profits at each target level. Adjust your stop-loss to breakeven or in profit as the trade moves in your favor. ⚙️ Trade Management (Adjusted) Monitor the RFI closely for any signs of bullish resurgence. If the RFI starts breaking back above previous highs or its trendline (if one forms), consider reducing your position or closing the trade. Pay attention to price action at potential support levels. Be prepared to adjust your targets based on market conditions. 🔑 Rationale (Adjusted) With an entry at 1.1375, the trade idea is based on a potential reversal from a higher, currently identified resistance level. Bearish divergence on the RFI (if present) would be a key supporting factor, indicating that the recent upward move lacked strong momentum. Bearish price action at resistance would confirm the selling pressure. Targeting previous support levels offers logical profit objectives. ⚡ Highlight (Adjusted): Given your entry at 1.1375, the strategy now revolves around a potential bearish reversal from a higher resistance level, with a strong emphasis on identifying bearish divergence on the RFI to support the short trade. Monitor price action and the RFI closely for confirmation and trade management.
Short
by Delast2
Dollar looking at worst month since November 2022 | FX ResearchThe US dollar is demonstrating some resilience despite recent setbacks, perhaps with the market focusing on the upcoming Q1 GDP data which analysts have downgraded to expect a contraction against a consensus forecast of 0.2%. Meanwhile, the dollar looks set to put in its weakest monthly performance since November of 2022 despite what had been some reports of dollar demand on month-end rebalancings earlier today. In Australia, the Q1 CPI report showed inflation slightly above expectations but the core trim mean dropped, aligning with the RBA's target range for the first time since Q4 of 2021, supporting expectations of 25 basis point rate cut on May the 20th. Eurozone Q1 GDP outperformed at 0.4% Q over Q, doubling forecasts, while President Trump was back at it criticizing Fed Chair Powell, also touting his own economic policies. Looking ahead, we get Canada GDP, the already mentioned US GDP, and other US reads including ADP employment, Chicago PMIs, personal income and spending, and pending home sales. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Bullish bounce off pullback support?EUR/USD is falling towards the support level which is a pullback support that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.1274 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.1145 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement and the 100% Fibonacci projection. Take profit: 1.1415 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
EURUSD: Small bounce followed by a strong sell-off.EURUSD is bullish on its 1D technical outlook (RSI = 59.681, MACD = 0.0130, ADX = 48.626) but has turned sideways since the April 21st High with the 1D RSI getting rejected on March's Resistance back to the HL trendline. As you see this is roughly the same pattern as August 2024. After the RSI hit the HL trendline it pushed the price upwards back to the recent High only to get rejected heavily to the S1 level. Consequently, we are waiting for that rejection to be confirmed and take the short to the March 26th S1 level (TP = 1.07500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EUR/USD Correction in Progress – Can Bulls Still Reach 1.20?EURUSD is retesting key structure after rejecting from recent highs. Price remains above long-term trend support, but compression is tightening. This post outlines the critical zones to watch, what invalidates the move, and whether the 1.20 target remains realistic. Technical Analysis: Price has pulled back from recent highs after failing to hold above short-term resistance. While the current move looks corrective, we are now at a decision point. The pair is trading above the long-term bullish trendline, but confirmation is needed before continuation toward 1.20. Support Zones (if pullback deepens): 🟠 1.09957–1.09439 – Last 1H Support (Medium Risk): Short-term intraday demand zone. If price pulls back, this is the first area bulls might defend. Stop-loss: Below 1.09439 🟢 1.05484 – Weekly Strong Buy Zone (Low Risk): Major structure from previous macro reversals. Clean area for swing entries if reached. Stop-loss: Below 1.03400 Resistance Target: 🔴 1.20944 – Daily Strong Resistance (High Rejection Risk): A key supply zone from previous macro structure. If price reaches this level, watch for rejection. Stop-loss: Above 1.22821 – A breakout above this invalidates short setups and could trigger a higher timeframe breakout continuation. Outlook: Bullish case: Holding above 1.09439 and reclaiming 1.1600+ opens the door to test 1.2094. Bearish case: A clean loss of 1.09439 would shift momentum toward deeper support at 1.0548. Bias: Short-term neutral. Structure remains bullish while support zones continue to hold. Fundamental Insight: The FOMC meets on Wednesday, May 1. If the Fed hints at easing or rate cuts later this year, EURUSD could rally toward 1.20 on USD weakness. But if Powell reaffirms a “higher-for-longer” stance, expect downside continuation into the 1.09957 or 1.05484 support zones. ✅ Conclusion: EURUSD is at a technical decision point. If buyers defend mapped support, the path to 1.20 remains valid. A breakdown below 1.094 could trigger deeper retracement. Until the picture clears, remain reactive to structure and macro tone. Not financial advice. Like & follow for more EURUSD setups and structured FX market analysis.
Long
by husseindergham