Get started

U.S. Dollar / Euro

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDEUR trade ideas

Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support. Pivot: 1.0251 1st Support: 1.0194 1st Resistance: 1.0289 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
EUR/USD Resistance with Fair Volume GapOn EUR/USD , it's nice to see a strong sell-off from the price of 1.03020. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
eurusd want sell trend in h4📉 EUR/USD Analysis & Forecast - H4 Time Frame 📊 💶 Technical Overview: Pattern: EUR/USD is currently following an ascending channel, indicating a gradual upward trend with potential for a bearish breakout. EMA Crossovers: Price has crossed the 50 EMA and 200 EMA, confirming recent bullish momentum. However, the pair is approaching a strong selling zone at 1.02948. Key Levels: Resistance Zone: 1.03930 Support Zone: 1.01590 🔻 Forecast: Selling Pressure: The pair is expected to face strong selling pressure near 1.02948, making this a critical zone to watch for bearish setups. Technical Target: The projected downside target is 1.01000, aligning with previous support levels and the lower boundary of the ascending channel. 💡 Trading Insight: Look for short positions near the resistance zone 1.02948, especially if price action shows signs of rejection. Monitor the support zone 1.01590 as a potential area for pullbacks or consolidation before further downward movement.
Short
by DOLLARMAN_FOREX_TRADER
UPDATE ON EUR/USD ANALYSISEUR/USD 4H - As you can see since I last posted the analysis on this pair, price has in-fact traded us higher. Putting in the structure we predicted today. This is showing good signs for longer term bullishness. Understandably a specific entry wasn't given however the zone and path was drawn out for you all as an opportunity that could be taken, me personally I will be waiting for the break in structure to trade this market long term. As you are all probably aware by now I do consider myself more of a swing trader, one that takes positions and holds then for longer periods of time trading on the higher timeframes. I use the smaller timeframes solely for those snipe like entries, today trading gold was an exception. If you guys have any questions about this pair drop me a message and if you did take part in a long then well done!
Long
by Lukegforex
Bullish Flag Pattern in PlayThe EUR/USD is currently forming a bullish flag pattern, characterized by a sharp upward movement (flagpole) followed by a consolidation in the form of a triangle. This pattern typically signals a continuation of the prior uptrend. Key Levels: Breakout Level: Watch for a breakout above the upper boundary of the triangle, around 1.0285. Support: A break below 1.0250 would invalidate the bullish flag and could signal further downside. Target: Upon a confirmed breakout, the potential target is calculated by adding the flagpole's length (~150 pips) to the breakout level, aiming for 1.0435. Strategy: Bullish Scenario: Enter long after a confirmed breakout above the resistance with volume confirmation. Stop-Loss: Set below 1.0250 to manage risk. Bearish Scenario: If the price breaks below the flag, it may trigger a deeper correction. Notes: Monitor volume during the breakout for confirmation. Low volume could lead to a false breakout. Let me know what you think! 🚀
Long
by Mack_the_Trade
Bullish Continuation Setup for EUR/USD: Target Range Liquidity In my analysis of EUR/USD, I anticipate that the price will continue with bullish momentum. On the higher timeframes, the market has not produced a new lower low after taking out its previous low at 1.02250. Instead, price has formed higher highs, signaling potential bullish continuation. The formation of equal high liquidity at the 1.028 level further strengthens the bullish outlook, indicating that price could be aiming for a sweep of liquidity above these highs. Currently, with price ranging, I expect there may be further manipulation of the highs before a potential pullback into the 1.02 demand zone. This pullback could offer an opportunity to enter the market at a favorable level before targeting the liquidity above the areas of consolidation. As the market consolidates, I’ll be watching for signs of accumulation or a break of structure that could confirm further bullish movement. The key will be monitoring how price reacts at the demand zone and whether it holds, providing a strong foundation for a move towards higher targets.
Long
by Jackson-FX
1
What Is a Pin Bar Candle, and How Can You Use It in Trading?What Is a Pin Bar Candle, and How Can You Use It in Trading? Understanding candlestick patterns is key for traders aiming to analyse market movements. One particularly insightful pattern is the pin bar candle, which can reveal crucial information about market sentiment and potential price reversals. In this article, we'll explore what this candle is and how traders might use a pin bar trading strategy. What Is a Pin Bar Candle? A pin bar candle is a distinctive candlestick pattern that traders use to analyse potential market reversals. It stands out on a chart due to its unique shape: a small real body with a long wick. When a pin bar appears on a chart, it reflects a tug-of-war between buyers and sellers that resulted in a significant price rejection. This rejection is captured by a key element, the long wick, indicating that the market tested a price level but couldn't sustain it, which marked a possible turning point. There are two main types of pin bar candlestick: bullish and bearish. A bullish pin bar features a long lower wick and may indicate that buyers are entering the market after a period of selling pressure. This pattern signals a potential upward movement in price. Conversely, a bearish pin bar has a long upper wick, suggesting that sellers are gaining strength after sustained buying pressure, which can precede a downward price movement. While the pattern is believed to be reliable at support or resistance levels, it is considered especially important when it forms after a push beyond a key swing high or low. The appearance of a pin bar in these scenarios might indicate a failed breakout, where the market rejected a close above a significant high or low, and may lead to a strong reversal. How to Identify a Pin Bar on a Chart Identifying a pin bar involves looking for a candle with a long wick and a small real body. Here's how to spot one: - Long Wick: The wick should make up at least two-thirds of the candle's total length, ideally more. This long wick represents a sharp rejection of a price level during the trading period. - Small Real Body: The real body should be relatively small compared to the wick. This indicates that the price closed near where it opened, despite significant movement during the session. While it’s preferable for the candle to close green in a bullish pin bar and red in a bearish pin bar, it’s not essential. - Wick Position: For a bullish pin bar, the long wick extends below the body, suggesting that sellers pushed the price down before buyers drove it back up. In a bearish pin bar candlestick pattern, the long wick is above the body, indicating that buyers pushed the price up before sellers brought it back down. - Contextual Placement: Pin bars are believed to be most significant when they appear at key support or resistance levels or within established trends. Their location can enhance their potential relevance in market analysis. Using Pin Bar Patterns Pin bars can be a valuable component of a trader's analytical toolkit when used thoughtfully. Here are the specific steps traders might follow to use a pin bar strategy: Identifying Potential Pin Bars The first step is to scan the charts for candles that exhibit the classic shape—a small real body with a long wick that makes up at least two-thirds of the candle's total length. Examining the Context Once a potential pattern is identified, traders assess its placement on the chart. Pin bars are considered more significant when they occur at key support or resistance levels, trendlines, or Fibonacci retracement levels, and whether they breach and close back inside of these points. They’re only considered reliable when they occur in the opposite direction of a specific trend, such as a bearish pin bar candle during an established uptrend. Looking for Confirmation Traders often seek additional signals to validate the implications of a pin bar candle pattern. For instance, if the Relative Strength Index or Stochastic Oscillator indicates a market is overbought or shows a divergence, a bearish pin bar may be considered a stronger signal. Confirmation may boost confidence in the signals provided by the pattern. Planning Entry and Exit Strategies Based on the analysis, traders formulate a plan that includes potential entry points, stop-loss levels, and target prices. While some may enter as soon as the candle closes, it's common to consider entering a trade if the price moves beyond the bar in the anticipated direction, potentially with another big bar candle like an engulfing candle or marubozu. Profit targets might be set at an opposing support or resistance level or a given risk-reward ratio, while stop-loss orders are often placed beyond the candle’s high or low to potentially manage risk if the market moves unfavourably. Practices for Trading Pin Bars Trading pin bars goes beyond simply recognising the pattern; it involves understanding how they fit into the broader market context. Here are some practical steps to help you apply a pin bar candlestick pattern strategy in your trading: Selecting High-Quality Pin Bars Not all patterns carry the same weight. According to the theory, traders should focus on those with a long wick that constitutes at least two-thirds of the candle's total length and a small real body. The longer the wick relative to recent candles, the more significant the price rejection might be. Also, the overall size of the candle may boost its reliability. A pin bar that stands out compared to surrounding candles may indicate a significant shift in market sentiment. If it's too small relative to recent candles, it might be less reliable. Considering the Timeframe The timeframe you choose can impact the reliability of the formation. Higher timeframes like daily or weekly charts tend to produce more dependable signals because they encapsulate more data and reflect broader market sentiment. While lower timeframes like 15-minute or hourly charts may offer more trading opportunities, they may also present more false signals. However, a pin bar on a higher timeframe can offer valuable insights into what may drive lower timeframe price movements. Being Mindful of Market Conditions Pin bars can be less reliable in choppy or sideways markets where price action lacks clear direction. In such environments, they may form frequently but without leading to significant price movements. According to the theory, traders should apply pin bar strategies in markets that exhibit clear trends or strong momentum, where price rejections are more meaningful. Likewise, high volatility can lead to erratic market movements, increasing the likelihood of false signals. Paying attention to economic calendars and avoiding trading during major news releases may help in filtering out unreliable setups. Focusing on Key Psychological Levels Beyond support and resistance, pin bars may be significant when they form at key psychological price levels, such as round numbers or significant historical price points. These levels often act as barriers where market participants have strong reactions. A pin bar at a psychological level can indicate a substantial price rejection, providing a potentially valuable signal for a trade setup. Risks and Limitations of Pin Bars While pin bars can offer valuable insights, they also come with certain risks and limitations that traders should be aware of: - False Signals: Pin bars can sometimes indicate a potential reversal that doesn't materialise. Relying solely on them without considering the broader market context might lead to misinterpretation and ineffective trading decisions. - Market Noise: In highly volatile or sideways markets, pin bars may appear frequently but lack significance. These "noisy" signals can make it challenging to distinguish meaningful patterns from random price movements. - Timeframe Variability: The reliability of the pattern can vary across different timeframes. A pin bar on a 5-minute chart might not hold the same weight as one on a daily chart. Traders should consider the timeframe that aligns with their trading strategy and be cautious when interpreting signals from shorter periods. - Subjectivity in Identification: Determining what qualifies as a valid formation can be subjective. Differences in candles across various charting platforms or discrepancies in data can lead to inconsistent analysis. Pin Bars and Other Patterns Understanding how pin bars differ from other candlestick patterns can enhance your technical analysis. Let's explore how they compare to hammers, shooting stars, and doji candles. Pin Bar and Hammer/Inverted Hammer Hammers are essentially the same as bullish pin bars; they just have a different name. Both patterns feature a small real body with a long lower wick and little to no upper wick, appearing after a downtrend and signalling an upward reversal. The inverted hammer differs from a pin bar in its context and implications. An inverted hammer has a tiny real body, a long upper wick, and little to no lower wick. It typically appears after a downtrend. While it resembles a bearish or red pin bar candle in shape, its position at the bottom of a downtrend signals that buyers attempted to push the price higher but couldn’t. Still, this pattern indicates a possible upward reversal due to emerging buying interest. Pin Bar and Shooting Star A shooting star is essentially a bearish pin bar. It appears after an uptrend and retains the same features: a small real body, a long upper wick, and a minimal lower wick. The long upper wick reflects the rejection of higher prices, potentially signalling a downward reversal. Pin Bar and Gravestone and Dragonfly Dojis The pin bar, gravestone doji, and dragonfly doji are all candlestick patterns used to indicate potential reversals, but they differ in structure and context. The gravestone doji has a long upper wick and no lower shadow, with the open, high, and close at nearly the same level. This formation suggests that buyers pushed prices higher, but sellers ultimately took control, often indicating a bearish reversal at the top of an uptrend. The dragonfly doji, on the other hand, has a long lower wick and no upper shadow, with the open, low, and close prices near each other. This pattern suggests that sellers initially drove prices down, but buyers regained control, often signalling a bullish reversal when found at the bottom of a downtrend. The Bottom Line Pin bar candles offer traders valuable insights into market sentiment. While incorporating pin bars into your strategy requires practice and a keen eye for market context, they can be a great way to trade market reversals. If you're ready to apply these insights in live markets, consider opening an FXOpen account to access more than 700 markets alongside low-cost, high-speed trading conditions. FAQ What Is the Pin Bar Candlestick Pattern? A pin bar candlestick pattern signals a potential price reversal and features a small body with a long wick which is at least twice longer than the body. The long wick represents price rejection at a specific level, indicating a shift in market sentiment during that trading period. The pattern has two types: bearish and bullish. What Is the Difference Between a Bullish and Bearish Pin Bar? A bullish pin bar pattern has a long lower wick, suggesting buyers regained control and a possible upward reversal. A bearish variation features a long upper wick, indicating sellers dominate and a potential downward movement. How Can You Trade Pin Bars? To trade pin bars, traders identify them at key support or resistance levels, where they signal a potential reversal. For a bullish pin bar at support, they consider entering a long position above the high of the bar, with a stop-loss below the low to potentially manage risk. For a bearish pin bar at resistance, they enter a short position below the low, placing a stop-loss above the high. Confirmation from other technical indicators or trends may improve the reliability of the setup. What Is the Difference Between a Hammer and a Pin Bar Candle? A hammer is a bullish pin bar candle with a long lower wick, appearing after a downtrend to signal a potential upward reversal. While a pin bar can be bullish or bearish, a hammer specifically refers to the bullish variant. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Bullish bounce?The Fiber (EUR/USD) has reacted off the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.0260 1st Support: 1.0194 1st Resistance: 1.0341 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.
Long
by ICmarkets