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EURUSD trade ideas

EURUSD: Short term analysis for 07/11/2024 This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 1-hour The 1-hour EURUSD chart exhibits bearish trend, with the volume decreasing and the price moving below 200 SMA. 45 min chart exhibits bearish a divergence indicating a potential reversal. Key Levels: Order Block (Lower Target): 1.064-1.053 Resistance: 1.081-1.084.00 Immediate Support: 1.068.00 Trading Bias: It may test upper resistance at 1.084 and get rejected. A breach of lower trend channel may trigger a corrective decline to 105.00 and potentially reach the Lower Target (Order Block) at 1.064-1.058
by avatarfreak
Trump's rise to power: is EURUSD heading toward 1.03? Looking forward, a large wedge pattern has emerged in EURUSD, targeting 1.0305 following a break below last week's low. While this pattern alone isn’t highly reliable, the recent election results have increased the odds of it unfolding. The pattern remains active as long as the price holds below 1.0830. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
EURUSD Down Trend ContinuationEURUSD has opened with an upward gap and is moving toward a significant resistance zone within a larger bearish trend. If the market meets resistance here and rejects both the resistance zone and the upper border of the descending channel, it may indicate an impending bearish reversal. Historically, this level has acted as a strong resistance, with price bouncing off it multiple times, which reinforces the likelihood of another rejection. There is potential for a push above last week’s high as an initial move to gather liquidity, followed by a bearish reversal aiming to fill the recent gap. If this scenario unfolds, the target would be the support zone around 1.08510, aligning with the gap-filling objective and providing a solid level for further downside momentum
Short
by RTED_Investing
Positive Economic Data and ECB's Interest Rate OutlookThe strength of the Euro (EUR) is supported by positive economic data from the Eurozone, reducing the likelihood of the European Central Bank (ECB) making significant interest rate cuts in December. Eurostat reported that the region's economy grew faster than expected in the third quarter, prompting traders to adjust their expectations regarding interest rate cuts in the upcoming meeting. Additionally, inflation pressure increased by 2% in October, further reinforcing the likelihood that the ECB will maintain interest rates. EUR/USD is fluctuating around the resistance level of 1.0896 during the European trading session on Monday. With support at 1.0778, the upward momentum of this currency pair is solidified, and it is likely to test the resistance level of 1.0896 again. Moreover, this upward trend may continue and break through that resistance, especially as the EMA 34 and 89 have reversed to an uptrend. What do you think about the outlook for this currency pair? Let me know!
by Alisa_Rokosz
EUR/USD Short Setup at Key Resistance LevelMy Short Idea Based on Downtrend Continuation Short Entry: 1.0850 Stop Loss: 1.0900 Take Profit: 1.0800 The pair is in a downtrend, forming lower highs (LH) & lower lows (LL) and this retracement to 1.0850 resistance provides a solid short opportunity, The RSI is nearing overbought levels adding confirmation to the bearish setup, The stop loss is safely above resistance to avoid false breakouts and take profit is at 1.0800, where strong support lies. Good Luck!
Short
by kashifone1
EURUSD_106 2024.11.05 14:43:04 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08443 SL: 1.09171 Entry Price: 1.0908 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analytical news and forecasts, I will analyze the data and provide a prediction for the EUR/USD pair's price movement in both the short-term and long-term. **Short-term analysis (next few days):** * The EUR/USD pair is expected to continue its decline and test the support area near 1.0835. * A breakout below 1.0735 would cancel the growth option and indicate a continuation of the fall to around 1.0565. * The pair is showing sideways momentum, forming an upward channel on the 4-hour chart, but a break above 1.0922 could signal a move higher. * Significant FX option expiries at 1.0900 (1.7 billion EUR) could influence price action around this level. **Prediction for short-term:** The price is expected to go **down** in the short-term, with a potential test of the support area near 1.0835. However, if the pair breaks above 1.0922, it could signal a move higher. **Long-term analysis (next few weeks/months):** * The EUR/USD pair is expected to continue its growth towards the area above 1.1045 after a rebound from the upper border of the broken channel. * Technical indicators suggest a corrective advance is possible, but the risk remains skewed to the downside. * The European Central Bank (ECB) policy announcements and economic indicators, such as French Industrial Production and Spanish unemployment, could influence the pair's price movement. **Prediction for long-term:** The price is expected to go **up** in the long-term, with a potential growth towards the area above 1.1045. However, the risk remains skewed to the downside, and the pair's price movement will depend on the ECB policy announcements and economic indicators. **Stability:** The pair's price movement is expected to be **volatile** in the short-term due to the ongoing U.S. elections and significant FX option expiries. However, in the long-term, the pair's price movement is expected to be more **stable**, with a potential growth towards the area above 1.1045. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term analysis (next few days):** * The pair is expected to experience sideways momentum due to the uncertainty surrounding the U.S. presidential election and the upcoming ECB policy announcements. * Technical indicators suggest a possibility of a corrective advance, but the overall trend remains bearish. * Support levels at 1.0875, 1.0840, and 1.0805 are likely to be tested, with a potential rebound towards the resistance level of 1.0910. * Market sentiment is cautious, which may lead to increased volatility. **Expected short-term price movement:** Down (testing support levels) or sideways (due to uncertainty and caution) **Long-term analysis (next few weeks/months):** * The forecast suggests an attempt to continue the decline in the pair, followed by a potential upward price rebound and continued growth towards the area above 1.1045. * A breakout above the resistance level of 1.0975 could confirm growth for the EUR/USD pair. * Fundamental factors, such as the U.S. presidential election outcome and economic indicators from the U.S. and Europe, will influence the pair's long-term direction. **Expected long-term price movement:** Up (potential growth towards 1.1045 and above) Please note that these conclusions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days to 1 week)** Based on the current market conditions and technical analysis, I expect the EUR/USD price to remain relatively stable, with a slight bearish bias. The pair is currently trading above the $1.0872 support level, but the technical indicators such as the RSI are neutral, indicating a lack of strong momentum. The upcoming U.S. election results and key economic data releases, including the U.S. Trade Balance and ISM Services PMI, are likely to influence the pair's movement. If the support at $1.0872 fails, the pair may decline toward $1.0850 or even $1.0830. **Probability of price movement:** * Down: 55% * Up: 30% * Same: 15% **Long-term Analysis (Next few weeks to 1 month)** In the long term, I expect the EUR/USD price to rebound and continue its growth toward the area above $1.1045. The European economic data, although mixed, showed some positive signs, particularly from Germany. The revised PMI data for the Eurozone also indicated some positive momentum. The technical analysis suggests that a break above $1.0922 could signal a move higher, with a potential buy zone around $1.0872-1.0865. If the pair can close above $1.0975, it would indicate a bullish trend. **Probability of price movement:** * Up: 60% * Down: 25% * Same: 15% Overall, while the short-term outlook is cautious and slightly bearish, the long-term outlook is more bullish, with the potential for the pair to rebound and continue its growth. Result: ST=Down LT=Up
Short
by frankiepro
EURUSD Trade EURUSD Trade Macro London 3 am Price is delivering to a Premium looking for lowers prices for the day. 2am judus swing and takes out the sell side. It seemed likely for Price to reach for the buy side targets before setting up for the short of the day. It ended up swinging up twice. Elements of the trade Sell side taken well below the midnight opening. Price creates displacement and FVG. Price accelerates and creates IFVG. I entered on the 50%of the IFVG. Exited once buy side was touched. Took a partial at the midnight opening. there was about 1/2 hour of sideways and Price started to move again at the 4 am macro to deliver to my target.
Long
by LParnell
EURUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
EURUSD 7 Dimension Sell Trade Idea Top-Down View (H4 Analysis): The H4 timeframe shows that the price has recently formed a Change of Character (CHoCH) and appears to be making a retracement. Despite this pullback, it hasn’t mitigated the higher-timeframe Points of Interest (POI), particularly the unmitigated Daily Fair Value Gap (FVG). Observing H1, we see considerable volatility and uncertainty, possibly indicating attempts to shake out weak-handed traders before a deeper corrective move toward the H1 internal extreme POI for mitigation. 😇 7 Dimension Analysis 🟢Time Frame: H4 🟢Swing Structure: Bullish with CHoCH: The swing structure is bullish on the H4, with a recent CHoCH indicating a potential shift. An inducement has been observed, and price has just entered the discounted zone, which aligns with the 61% Fibonacci retracement level. POI and Liquidity Levels: The area of interest includes the 61% & 88% Fibonacci level, liquidity sweeps, and support at the demand zone. Waiting for price to reach this zone and observing its reaction will be critical. Pattern: 🟢 Chart Patterns: Double Bottom: Forming as a potential reversal pattern at the discounted zone. 🟢 Candle Patterns: Long Wick & Momentum Candles: Recent candles show long wicks and momentum on the downside, indicating that bears are still in control of the current session, albeit with limited momentum strength for long-term sustainability. Volume: Moderate volume suggests that while sellers are currently dominant, the bearish momentum may not hold for an extended period, reinforcing the expectation of a retracement. Momentum (RSI): 🟢 Range Shift: Momentum has shifted from bearish to sideways with multiple bullish divergences, suggesting a loss of bearish strength and a potential for reversal or retracement. Volatility (Bollinger Bands): 🟢 Middle Band Breach: The price has dropped below the middle band, indicating a slight bearish bias. Expansion Cool-Down: Following a period of expansion, price appears to be consolidating and "cooling down" before the next directional move. 🟢Strength (ROC and Consolidation): Consolidation Phase: ROC reflects consolidation, supporting the idea that the bearish momentum may pause or weaken, aligning with the expectation of a retracement or sideways movement. 🟢Rating: ⭐⭐⭐ Probability: 65% This setup has a moderate confidence level for a short-term sell entry, considering the confluence of factors on both the H4 and refined lower time frames. 🟢Trade Setup: Entry Details: Entry Time Frame: 15-Minute (15M) Entry TF Structure: Bearish (for counter-trend entry in a corrective move) Point of Interest (POI): Extreme Fair Value Gap (FVG) Trade Execution: 💡 Decision: Sell Limit 🚀 Entry: 1.8747 ✋ Stop Loss: 1.0888 🎯 Take Profit: 1.07927 😊 Risk to Reward Ratio: 6.94 RR 🕛 Expected Duration: 1 Day SUMMARY: This H4-based top-down analysis with entry refinement on the 15M timeframe provides a short-term sell opportunity within a bullish higher timeframe structure. Price action, volume, and momentum indicators suggest a potential bearish pullback toward the 15M POI, aligning with the 61% Fibonacci level and significant liquidity areas. The setup targets a short-term retracement with a high reward-to-risk ratio, with the expectation that price may retrace to mitigate lower timeframe liquidity levels before resuming the bullish trend.
Short
by Optimum369
EURUSD 3/11/24This week, our bias on the Euro has shifted from short to long. This change is based on observing a shift in the higher time frame structure, as institutions appear to be showing interest in buying. Whether this move will be short-term or long-term remains to be seen. We’ll watch the price action in the first sessions of the week to get a clearer idea. Please note, this analysis follows the same principles and bias approach as always. Currently, there are no unmitigated demand areas on the 4-hour chart, and only a short-term supply area has formed. The area of demand we’ve highlighted is present only on the 1-hour chart, making it more of a smaller time frame reference than a higher one. We’ve marked key liquidity levels, which will serve as our reference points for potential upward movement this week. If the price interacts with the 1-hour demand area, we’ll aim for the high at the top of the current range. While I’m ultimately looking for a longer-term upward move, a pullback beforehand is possible. Stick to your plan and manage your risk.
by rosshayes
EURUSD_106 2024.11.04 11:20:06 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08451 SL: 1.09107 Entry Price: 1.09025 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Down Analysis Method(0) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is expected to attempt a decline and test the support area near 1.0715. * The correction phase is ongoing, and any upward movement is unlikely to be strong without supportive news for the euro. * The US presidential election on November 5 may introduce volatility, but the US dollar is expected to remain strong. **Expected price movement:** Down (testing support near 1.0715) **Long-term (medium-term outlook):** * The EUR/USD pair is expected to continue its medium-term decline. * The moving averages indicate a bullish trend, but this is subject to the ongoing correction and market volatility. * A potential growth target above 1.1185 is anticipated after the upward rebound. **Expected price movement:** Up (after the initial decline, with a potential growth target above 1.1185) Please note that these assessments are based on the provided analysis and are subject to change as market conditions evolve. Result: ST=Down LT=Up Analysis Method(1) Based on the provided data, here is my analysis of the EUR/USD pair's expected price movement: **Short-term (November 4-8, 2024)** * Expected price movement: Down, followed by a potential upward rebound * Reasoning: The pair is currently in a correction phase after a month-long decline, and analysts expect an attempt to develop a decline, testing the support area near 1.0715. However, a potential upward rebound and growth towards the area below 1.1185 is also expected. * Technical analysis supports this view, as the pair has broken through the area between the signal lines downwards, suggesting pressure from buyers of the European currency. **Long-term (remainder of 2024)** * Expected price movement: Up, with moderate growth and minor corrections * Reasoning: Many analysts, including LongForecast, expect the EUR/USD exchange rate to appreciate throughout the remainder of 2024, reaching fresh yearly highs. While some forecasts, like those from WalletInvestor, suggest a slight decline, the overall sentiment is bullish. * The European Central Bank's potential interest rate cuts and the Federal Reserve's rate decisions are influencing factors, but the market has already priced in the entire cycle of monetary policy easing in the U.S. **Note**: The US presidential election on November 5 is expected to introduce volatility, which may impact the pair's movement in the short term. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair is in a correction phase after a month-long decline, and there are grounds for the euro to rise. * However, the correction is unlikely to be strong without continuous supportive news for the euro. * The key level to watch is 1.0845-1.0851; if the pair remains below this area, it could indicate a continuation of the decline. * Given the upcoming U.S. presidential election, significant volatility is expected in the market. **Expected short-term movement:** Neutral to slightly bearish (price may stay the same or go down) **Long-term (next few months to a year):** * Analysts expect the EUR/USD pair to potentially continue its medium-term decline. * The market has already priced in the expected monetary policy easing in the U.S., which may support the dollar's strength. * Forecasts suggest that the EUR/USD could trade at 1.07 by the end of this quarter and at 1.05 in 12 months. **Expected long-term movement:** Bearish (price expected to go down) Please note that these assessments are based on the provided analysis and may not reflect the actual market movement. The foreign exchange market is highly volatile and subject to various factors that can influence price movements. Result: ST=Down LT=Down
Short
by orbborisson