Strategy 1As it's seen Eur/usd has tried to break 2023 support level which it did, due to my analysis i think the market should be bullish,there would be a market pump
EURUSD trade ideas
NEW IDEA FOR EURUSD on declines NEW IDEA FOR EURUSD on declines
The EUR/USD currency pair is in a downtrend on the 4-hour timeframe and is currently oscillating between two key support and resistance levels.
Key levels:
1.0449 Resistance:
This level acts as a short-term ceiling to prevent further price gains. If this level is not broken, selling pressure could reinforce the downtrend.
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Euro stabilizes as Spain posts strong job dataThe euro has stabilized on Friday. In the European session, EUR/USD is currently trading at 1.0296, up 0.3% on the day. The euro fell as much as 1.2% a day earlier and fell below the 1.03 line for the first time since Nov. 2022.
The eurozone economy wasn't exactly on fire in 2024. The Ukraine-Russia war led to increases in gas and oil prices, millions of war refugees have strained the economy and many eurozone countries have boosted their defense budget as relations with Moscow have chilled. In addition, global demand has been weak and the incoming Trump administration could spell tariffs and even a trade war.
Germany, which for decades was the locomotive of Europe, hasn't recovered since the corona pandemic. Competition from China has hurt the key automotive industry and the government coalition has collapsed, resulting in political instability. France and Italy, the second and third largest economies in the eurozone, are also struggling.
The bright light is this gloomy picture has been Spain, the fourth-largest economy in the eurozone. "Sunny Spain" isn't just a catchy phrase for winter-weary tourists, but also reflects a resilient economy. According to the European Commission, Spain's economy is expected to have expanded by an impressive 3% in 2024. In contrast, Germany's GDP is projected to have contrasted by -0.1%.
Spain's manufacturing and services sectors are expanding, in contrast to the eurozone's three largest economies which are showing contraction. The labor market remains solid and the number of unemployed fell by 25.3 thousand in December, the lowest figure since December 2007.
The European Central Bank entered an easing phase in June and has lowered rates at the past three straight meetings. The central bank is keeping an eye on inflation but is expected to continue lowering rates in order to boost the weak economy. The ECB meets next on January 30.
EUR/USD is testing resistance at 1.0289. Above, there is resistance at 1.0353
There is support at 1.0203 and 1.0139
EUR/USD Price AnalysisBased on recent data from the 4-hour chart of the EUR/USD (Euro/US Dollar) pair, it appears that the currency pair is poised for an upward movement. Analysis indicates that if the key support level around 1.0241 holds, the price of EUR/USD could rise toward the higher resistance level at 1.0371.
Key Support Level: 1.0241
The 1.0241 level is considered a strong support zone. This level has previously acted as a demand area, preventing further price declines. Maintaining this support is crucial for the continuation of the upward trend, as a break below this level could lead to a drop toward lower price levels.
Upside Target: Resistance at 1.0371
If the price stabilizes above the 1.0241 support level, EUR/USD could move toward the next resistance level at 1.0371. This resistance zone has previously acted as a supply area, and a breakout above it could indicate increased demand and buying pressure.
Market Outlook
Given the identified support and resistance levels, the short-term outlook for EUR/USD appears positive. Increased trading volume at support levels and reduced selling pressure at lower levels suggest a market inclination toward upward movement. However, it remains important to monitor global news and events that could impact the forex market.
Conclusion
If EUR/USD can maintain the 1.0241 support level, there is potential for the price to rise toward the 1.0371 resistance level. Traders and investors should closely monitor these levels and employ appropriate risk management strategies to capitalize on the potential opportunities presented by this upward movement.
BEAR SET UP ON EURUSDEURUSD clearly broke a zone on 4hr time frame ,it is pushing up to retest the zone .lets keep an eye on 1.03457 and 1.04810 which are the possible rejection levels to take our sell
EURUSD SELL | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
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 SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short on EUImbalace filled at top with liquidation
Filling towards lower imbalace simultaneous with manipulation of the day.
EURUSD → The bears are stepping up the pressureFX:EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next?
Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market.
Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033.
It is this zone that the price is currently aiming for as a zone of interest.
Resistance levels: 1.033, 1.0448
Support levels: 1.022
Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume.
Regards R. Linda!
EUR/USD Started 2025 at Its Lowest Point in 25 MonthsEUR/USD Started 2025 at Its Lowest Point in 25 Months
According to the EUR/USD chart, on 2nd January, the first trading day of the year, the EUR/USD pair fell below the psychological level of 1.025, the lowest mark since November 2022.
There are few news events, and the EUR/USD rate decline may be attributed to:
→ The holiday period still affecting financial markets, reducing liquidity and creating vulnerabilities for volatility spikes;
→ Market participants potentially rebalancing their portfolios for the new calendar year;
→ Reassessing the strength of the dollar amid uncertainty about the actual steps of President-elect Trump, whose inauguration is scheduled for this month.
Meanwhile, technical analysis of the EUR/USD chart reveals that:
→ In 2024, price fluctuations formed a downward channel, with key pivot points marked by red circles. Notably, the previous holiday period led to the formation of the first of these points.
→ The bullish "Cup and Handle" pattern, which we discussed on 30th December, resulted in a false bullish breakout (indicated by an arrow). Seizing the bulls' failure, the bears pushed the price to the lower boundary of the mentioned channel.
The area where the lower boundary of the channel intersects the psychological level of 1.025 could serve as strong support. The recovery observed on the morning of 3rd January may confirm this.
The holiday period may lead to the formation of a new key pivot point on the EUR/USD chart, as has happened before.
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Lingrid | EURUSD in Bearish TREND. New LOWER LowsThe price perfectly fulfilled my last idea. It hit the target. FX:EURUSD currency recently made an impulsive move, breaking through the significant level at 1.03000. On the 1H timeframe, the market formed a long-tailed bar, indicating buying pressure or a potential pullback. I anticipate that the market to roll back towards the resistance zone marked by November's low. I expect the market to bounce off this resistance zone and the downward trendline, which would present an opportunity for trend continuation. There is also a possibility that the price may form an ABCD pullback pattern. My goal is support zone around 1.02500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Fundamental Market Analysis for January 3, 2025 EURUSDEUR/USD paused its four-day losing streak, trading near 1.02700 during the Asian session on Friday. European Manufacturing Purchasing Managers' Index (PMI) data on Thursday fell short of expectations, which only added to Euro traders' concerns following a soft speech from European Central Bank (ECB) Governor Yannis Stournaras later in the day.
According to ECB Governing Council member Yannis Stournaras, the ECB intends to smoothly cut interest rates until 2025. According to Stournaras, the ECB rate is expected to be somewhere in the neighborhood of 2% at the end of this year. As the Federal Reserve (Fed) will cut interest rates much more slowly than previously expected in 2025, the EUR interest rate differential will widen significantly by the end of the year, putting downward pressure on EUR/USD in the long term. This is in line with the expectations of some analysts who are calling for the euro to reach parity with the US dollar as early as this year.
Pan-European PMI results for December fell slightly to 45.1 against expectations of holding at 45.2. While the data itself had relatively little impact, it helped underscore the growing likelihood that the European Central Bank (ECB) will accelerate rate cuts to support the European economy, even as gasoline prices hit their two-year highs, further confounding Europe's economic outlook.
The only significant data on Friday's economic calendar is the results of the ISM US manufacturing PMI, which is expected to remain at the declining 48.4 reading for December.
Trading recommendation: Watch the level of 1.02500, if it is fixed below consider Sell positions, if it bounces back consider Buy positions.
Hellena | EUR/USD (4H): Short to Support area 1.02539.Dear Colleagues, due to the recent sharp price movement, I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order.
I expect that the price should update the nearest local minimum of the wave “3” 1.03350.
I expect the price to reach at least the area of 1.02539.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Possible short entry ideaHTF bearish. Strong resistance zone and 4H bearish FVG marked out in OTE. Looking for shorts from here if we get the right confirmations (bearish engulfing, iFVG, LTF unicorn/MSS etc.)
EURUSD MARKET Happy New Year and the market has continued to fall with some potential buying along the way.
Thanks for the continued views on my article thanks. So the market had a day swing trade to the upside on the 15 minute chart thanks.
Lingrid | EURUSD trend CONTINUATION from RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. FX:EURUSD market fell and reached the weekly level. It broke below the upward trendline and then continued to move lower. Essentially, the price action formed a descending triangle pattern before dropping, presenting a trend continuation opportunity. I believe the price will break below the weekly low to retest the psychological level below. My goal is support zone around 1.03000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EUR/USD Bearish Trend: Possible Reversal & Trade Opportunities👀💡 In this video, we analyze the EUR/USD currency pair, currently in a bearish trend on the 4-hour timeframe. Notably, the trend appears overextended, and as we approach the end of the trading week, there’s a potential for a low to form either for the week or the day. This could lead to a retracement on Friday and Monday, with the possibility of a move higher as the market seeks liquidity and establishes the next day’s high. Such movements could present opportunities for counter-trend trades on Friday and potential continuation trades on Monday if the trend persists. Please note, this is not financial advice. 📊✅
eurusdA nice short position can be opened when eurusd breaks the triangle formation it made on the hourly basis. Don't forget to set an alert on the lower trend line.
Long or Short on EU1- Imbalance on the upside and left side.
2- Price heavily to downside in momentum.
3 - Liquidity availble in the high and lows of Asian session.
4 - Price estimation to move in blue or black line, however further pricing have to be looked upon to and decided.
EURUSD S/R Levels And Tades.There are 3 scenarios for trades today.
Trade 1 Buys : if 1 hr candle rejects 1.02500 than Buy with Target @ 1.03100.
Trade 2 Sells : if 1 hr candle rejects 1.03100 than Sell with Target @ 1.02500.
Trade 3 Sells : if 1 hr candle closes below 1.02400 than Sell with Target @ 1.02000.
EURUSD H4 | Bearish Reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0343, which is a pullback resistance close to a 50% Fibonacci retracement.
Our take profit will be at 1.0250, a swing low support level.
The stop loss will be at 1.0451, an overlap resistance level.
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15M EURUSD Buy IDEAEverything is on the chart
78.6% Fib Retracement for another retest at the neckline
This is the short-term pullback for another oppt to short
Please take profit between 68.1%-78.6%
Goodluck
Euro vs. Dollar - Long Term Swing Trading Idea - 31-th Dec 24'EURUSD will probably take the liquidity below 1.0330 and hit a down channel trendline. In Q4 of 2022 the price started at levels over 0.9540 and built strong momentum into the beginning of Q3 2023. From there price started complex A-B-C correction, and now the price is in a C-5 wave.
Our medium term vision for the price is to initially retrace to levels over 1.0750-1.0800 and hit 1.0900 in Q1 of 2025. After that, the price will probably range from 1-2 months and will make another leg up to 1.1200-1.1400 level.
Follow the exact parameters of the signal.
Entry: 1.0350
Stop: 1.0250
Target 1/2: 1.0900, 1.1400
