USDEUR trade ideas
EURUSD Will Go Lower! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.172.
Considering the today's price action, probabilities will be high to see a movement to 1.170.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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🇪🇺 EURUSD – July 9 | Multiple Buy Scenarios Based on StyleThe 4H trendline held again yesterday, and today’s daily candle continues to form within a bullish flag, giving added confluence to our overall bullish bias.
I no longer expect a deeper pullback to 1.16299 — price action suggests momentum is building.
Here’s the game plan:
🔹 For Scalpers:
Break of current high → 1.17500 (~20 pips)
Break of 1.17500 → 1.17657 (Tuesday high, ~16 pips)
Break of 1.17657 → 1.17815 (~15 pips)
Break of 1.17815 → 1.18093 (~42 pips)
🔸 For Swing Traders:
→ Main setup = break of 1.18093 for clean move into 1.18791 (~70 pips)
🔻 Bearish Only If:
→ Break of 1.16824 = potential retest of trendline
📌 Structure + HTF bias still say bullish.
Choose the setup that fits your style and manage risk accordingly.
EURUSD(20250709) Today's AnalysisMarket news:
World Gold Council: Global gold ETFs have inflows of US$38 billion in the first half of the year, and the average daily trading volume has set a semi-annual record.
Technical analysis:
Today's buying and selling boundaries:
1.1723
Support and resistance levels:
1.1806
1.1775
1.1755
1.1692
1.1672
1.1641
Trading strategy:
If the price breaks through 1.1723, consider buying, and the first target price is 1.1755
If the price breaks through 1.1692, consider selling, and the first target price is 1.1672
EURUSD about to fully my prophetic analysis hey guys ..hope y'all remember what i told y'all about this pair and where its heading to ...how its going for the monthly trend line when it breaks -61.8...so hopefully its going to play out soon ...what you see on the chart is what it is ...clear as day ... once it breaks that trendline to the upside,wait for a retest and we gonna ride to the moon ...but trust me on this 90% .... Trading is a game of probabilities
EUR/USD at 1.1750 as EU Pushes Trade DealEUR/USD trades around 1.1745 in Tuesday’s Asian session, supported by strong Eurozone retail sales for May. The Euro benefits as the EU aims to finalize a preliminary trade deal with the US this week, seeking to maintain a 10% tariff beyond the August 1 deadline while negotiations continue. The proposed agreement would keep the 10% base tariff but exempt sensitive sectors like aviation and alcohol, which helps lift market sentiment toward the Euro.
Eurostat data showed retail sales rose 1.8% year-on-year in May, beating expectations of 1.2% but slowing from April’s 2.7%. Monthly sales fell 0.7%, matching forecasts.
Resistance for the pair is at 1.1830, while support is at 1.1730.
EUR/USD Trade Plan – Sell Limit StrategyEUR/USD has shown signs of completing a 5-wave bullish structure on the 4H chart, with price now re-testing a key supply zone. A Sell Limit has been positioned at 1.17962, anticipating a sharp reversal back toward the order block zone.
🔍 Technical Analysis
The chart shows a clear Elliott Wave formation, with wave V forming a weak new high, indicating buyer exhaustion.
Price is approaching the 1.17960–1.18013 supply zone, previously unmitigated.
This zone also holds an Order Block (OB) and liquidity above wave III, making it a prime area for institutional sell triggers.
📌 Entry: 1.17962
🛑 Stop Loss: 1.18113
🎯 Target Zone: 1.17122
📈 Risk–Reward: 3R – 6R - 10r potential (depending on trade management)
🧠 Fundamental Outlook
The upcoming trading week is filled with market-moving events from both the US and Eurozone:
🇺🇸 Key USD Events
Non-Farm Payrolls (Fri): Forecast 147K; strong print = bullish USD.
Unemployment Rate: Expected at 4.1%.
Powell Speech, ISM Services PMI: Will impact rate expectations and USD strength.
🇪🇺 Key EUR Events
CPI Flash Estimates: Any surprise may shift ECB tone.
Lagarde Speaks: Markets listening for any policy hints after soft data.
🧩 The combination of a potentially strong USD and weakened Euro fundamentals adds weight to a bearish EUR/USD outlook.
💡 Why This Setup Works
Perfect Liquidity Trap: The zone is designed to trigger late buyers before reversal.
Clean Risk–Reward: Defined SL with a high-probability downside path.
Macro + Technical Confluence: Both align toward downside potential.
Target OB: Strong institutional demand seen at 1.1712 offers a natural take-profit zone.
⚠️ Execution Guidance
Enter only if price hits the Sell Limit zone cleanly.
Avoid execution during red news releases.
Partial TP suggested near 1.1740 (around 2R–3R) to lock early profit.
The Day AheadData Releases:
United States:
NFIB Small Business Optimism (June): Offers insights into the health of the US small business sector. A lower-than-expected reading may point to rising concern over economic conditions and future earnings amid persistent inflation and tight credit.
NY Fed 1-Year Inflation Expectations: Closely watched for signs of shifting consumer sentiment. Any uptick could reinforce expectations of policy caution from the Fed.
Consumer Credit (May): Indicates household borrowing trends. A sharp slowdown may reflect waning consumer confidence or the impact of high interest rates.
Japan:
Economy Watchers Survey (June): A forward-looking gauge of economic sentiment among service sector workers. Deterioration would suggest weakening domestic demand.
Bank Lending (June): Reflects the availability and uptake of credit; slowing lending growth would hint at weakening economic momentum.
May BoP Current Account & Trade Balance: Current account surplus strength often reflects export health and foreign income. A narrowing surplus may indicate external demand headwinds.
Germany & France:
May Trade and Current Account Balances: Provide signals on Eurozone’s external sector strength. Germany’s export engine will be in focus given recent signs of industrial weakness. France’s figures will also be monitored for imbalances amid sluggish domestic demand.
Central Bank Developments:
Reserve Bank of Australia (RBA) Policy Decision:
The RBA held rates steady, as expected, amid persistent inflation in services. While the bank acknowledged progress on headline inflation, it retained a tightening bias, citing risks from strong wage growth and sticky price pressures. Markets are increasingly sensitive to signs of future hikes, particularly with global central banks pivoting toward a more dovish stance.
European Central Bank (ECB):
ECB’s Joachim Nagel reiterated a cautious tone, emphasizing the need for data-dependency in future policy moves. He signaled concern about upside risks to inflation, especially from services, reinforcing the ECB’s slow path to easing despite recent rate cuts. His comments support market pricing of only gradual rate reductions through the remainder of 2025.
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EUR/USD 4 HOURS BEARISH ANALYSISThe image depicts a computer screen displaying a trading platform, specifically the Euro/U.S. Dollar currency pair on a 4-hour chart from FXCM. The chart features a black background with a blue trend line and a blue shaded area, indicating an upward trend. The price action is represented by red and green bars, with the current price at 1.17283.
#AN016: Markets Brace for Tariffs, Forex Reaction
Markets have taken a cautious tone this week, as investors digest new developments on global trade and central bank prospects. A mix of US tariff threats, higher OPEC+ oil production and surprisingly strong eurozone investor sentiment is shaping currency flows.
I'm Forex Trader Andrea Russo, and I want to thank our Official Broker Partner PEPPERSTONE in advance for helping me put this article together.
Investor confidence in the eurozone surged to a three-year high in July. This positive sentiment is reducing the European Central Bank's room to cut rates further, even as inflation remains subdued.
Meanwhile, US President Trump has ordered letters threatening tariffs of up to 70% for nations that fail to conclude trade deals by August 1, creating fresh uncertainty in diplomatic and trade circles.
Asian markets and BRICS currencies have already shown signs of weakness, while US futures have weakened on the threat.
Oil markets have also reacted sharply to OPEC+’s announcement of a higher-than-expected production increase of around 550,000 barrels per day from August, which has pushed Brent below $68 and US crude below $66.
On the European inflation front, the ECB is opting to postpone further rate cuts. Estonian Minister Madis Müller confirmed that the ECB can afford to put monetary easing on hold, given stable inflation and solid growth.
reuters.com
Forex Impact – What Traders Should Watch
The combination of strong eurozone sentiment and looming trade tensions is driving significant currency dynamics this week:
EUR/USD: The euro has room to strengthen further. Optimistic sentiment and a pause from the ECB reinforce the bullish bias, but tariff uncertainty could trigger safe-haven demand for USD.
USD/JPY and CHF: The dollar could find support amid global risk aversion, pushing JPY and CHF higher.
Commodity currencies (CAD, AUD, NOK): Under double pressure: higher oil supply and rising trade risks could weigh on crude-related currencies.
Emerging market currencies: BRICS currencies could remain under pressure due to threats of additional US tariffs; Indian rupee and other currencies could depreciate further.
US Jobs Data Supports Fed Dovish SignalsThe EUR/USD stayed in a narrow range around 1.1760 during Friday’s Asian session, with limited movement as US markets were closed for Independence Day.
The US dollar gained modestly after Thursday’s NFP data showed 147,000 new jobs in June, beating the expected 110,000.
However, private sector job growth slowed, adding only 74,000 jobs in June versus a three-month average of 115,000. This trend supports Fed officials like Vice Chair Bowman, who recently called for rate cuts due to labor market risks.
Resistance for the pair is at 1.1830, while support is at 1.1730.
Where the coffee is strong (EUR/USD)Setup
EUR/USD is in a strong uptrend and recently broke above multi-year resistance just under 1.16. The pair looks to be targeting long term resistance at 1.23.
Signal
RSI is dropping back from overbought territory on the daily chart, offering a possible dip-buying opportunity above resistance-turned-support at 1.16.