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USDEUR trade ideas

EURUSD Trendline Breakout – Bullish Target Ahead EURUSD has successfully broken out of a strong descending trendline, which was acting as dynamic resistance for weeks. The breakout is backed by strong bullish candles and clear higher lows forming. After the breakout, the price also reclaimed a key horizontal support zone around 1.12573, turning it into a solid base for further upside. 🎯 Bullish Target (Expected): First major bullish target at 1.13864 based on the 1.618 Fibonacci extension from the last swing move. 📌 Support: 1.12573 📌 Breakout Confirmation: Valid as long as price holds above the trendline and support. 📈 Outlook: The momentum looks strong for further bullish continuation. If the price holds above the breakout zone, we expect a move toward 1.13864 in the coming sessions.
Long
by ClearTradingMind
EURUSD Wave Analysis – 20 May 2025- EURUSD broke daily down channel - Likely to rise to resistance level 1.1370 EURUSD currency pair continues to rise inside the minor impulse wave (3), which started earlier from the strong support level 1.1130 intersecting with the support trendline of the daily down channel from April. The support level 1.1130 was strengthened by the 50% Fibonacci correction of the sharp upward impulse 5 from March. Given the clear daily uptrend, EURUSD currency pair can be expected to rise to the next resistance level 1.1370 (which stopped the previous correction B).
Long
by FxProGlobal
Trade Setup Summary – USDEUR (U.S. Dollar / Euro)!📈 Chart: 30m timeframe 🔺 Pattern: Symmetrical Triangle Breakout (Bullish Setup Attempt) You’ve drawn a clean symmetrical triangle and price is currently testing the breakout zone. 📍 Entry Zone: Around 0.8876 Reason: Price is at the apex of triangle, possible breakout forming. 🛑 Stop-Loss (SL): Around 0.8855 Below lower triangle boundary and horizontal support 🎯 Target Levels (TP): TP1: 0.8926 (Red resistance line) TP2: 0.8956 (Yellow zone – minor supply) TP3 (Optional): 0.8984 (Major resistance zone) ⚖️ Risk/Reward Ratio: Targeting ~1:2 if trade hits TP1. Even better if extended to TP2 or TP3. 🧠 Technical Highlights: Price compression inside triangle shows reduced volatility. A breakout above the triangle would indicate strength. Horizontal support (green line) holding for now. Volume not visible but could confirm breakout strength. ✅ Bias: Bullish above 0.8875 breakout and triangle confirmation Bearish below 0.8855 (failed breakout)
Long
by ProfittoPath
EURUSD May 20 Failed Trade cont analysis hour to minute EURUSD May 20 Failed Trade Hour to minute chart analysis Narrative Breakdown Asia to London hour TF analysis *Price expands to a discount taking minor buy side *dips below the 50 fib, and CE of the FVG it was attempting to rebalance *on the 15 TF the above move retraces to the .618 Monday’s previous range, classic pullback in a bull market, setting up for a long for London, my oversight *20:30 Price launches with a visible reaction, to reverse course *22:45 price retests the IFVG created at 20:30 bounces off *price consolidates back to a premium *this threw me off-I don't buy in a premium on the previous range *clues price is going higher was price making higher lows 1:50 I entered to sell, equal highs taken and EXPECTING a sell off framing my logic from the morning not reading the HTF logic *2:05 stopped out Admittedly I did switch and buy after seeing my oversight and analyzing GBP/DXY logic and got stopped out Day over. Price did swing to equal highs that I did frame when I bought. Nice delivery with out me! Take aways *Scaling through all time frames for reactions at specific levels, and noting them, along with what liquidity was taken *HTF bias is KING *I was flexible by buying after my sell idea folded, I was not confident and hence got stopped out with a sloppy entry *rule broken 1 trade a day-2 trades today that cost me *after a successful trading day yesterday today I could have went to the beach *rule broken buying in a premium!!!! Grateful to be practicing and loosing trades are winning for the wealth of information that is provided
by LeanLena
EURUSD May 20 Failed TradeEURUSD May 20 Failed Trade Daily Chart Analysis Parent range equilibrium Previous range Premium My idea of price selling off to inefficient delivered price action yesterday, was NOT the Marco London move. What I over looked today on HTF analysis I see in hindsight now or what I am studying as result of being wrong. *HFT May 12 Monday made a low to the 70 HTF fib *Price retraces and returned to open and close in the same tight range, consolidating-building in orders *yesterday I executed a buy day with this HTF logic of price seeking the 50 HTF fib level-last week price was in a discount and this week heading to a premium *Yesterday Price expands to the 50 fib HTF to it and through it-celebrate my idea and trade being correct *Price closes in a premium just above the 50 HTF fib *Logic said intraday retracement of inefficient price to have a sell off day in London Going to continue the breakdown of this trade on the hour to the minute.
by LeanLena
US Credit Downgrade and Brexit Progress Lift EuroThe euro approached the $1.13 mark on Tuesday, extending its rebound from the one-month low recorded on May 12. The rally followed a broad-based weakening in the US dollar after Moody’s downgraded the US credit rating from Aaa to Aa1, citing mounting government debt and widening fiscal deficits. The downgrade sparked investor concerns about long-term US economic stability and pressured dollar-denominated assets. The EU and UK finalized a provisional agreement addressing key post-Brexit issues such as defense, fisheries, youth mobility, and security cooperation. The deal may pave the way for UK companies to participate in major EU defense projects, marking a potential turning point in EU-UK relations. The European Central Bank is expected to initiate a rate cut in June, with additional easing possible later in the year. Despite these expectations, the euro has held firm, buoyed by both geopolitical developments and dollar weakness. EUR/USD now faces resistance at 1.1260, with further upside barriers at 1.1460 and 1.1580. Support lies at 1.1040, followed by 1.1000 and 1.0960.
by ChartMage
The Day AheadTuesday May 20 Data: US May Philadelphia Fed non-manufacturing activity, China 1-yr and 5-yr loan prime rates, Germany April PPI, Italy March current account balance, ECB March current account, Eurozone March construction output, May consumer confidence, Canada April CPI, Denmark Q1 GDP Central banks: Fed's Bostic, Barkin, Collins and Musalem speak, ECB's Wunsch, Cipollone and Knot speak, BoE's Pill speaks, RBA decision Earnings: Home Depot, Palo Alto Networks, Vodafone Other: G7 finance ministers and central bankers meeting in Canada (through May 22), EU's foreign and defence ministers meeting in Brussels This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EURUSD InsightWelcome to all our subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - U.S. President Donald Trump announced on Truth Social that he had a two-hour phone call with Russian President Vladimir Putin, during which both agreed that Russia and Ukraine should immediately begin negotiations for a ceasefire and, more importantly, an end to the war. President Putin echoed the same message to reporters and described the call as overall very productive. - Following Moody’s downgrade of the U.S. sovereign credit rating from Aaa to Aa1 on the 16th, the “Sell USA” sentiment continues in the market. - U.S. long-term Treasury yields have returned to levels seen before the Moody’s downgrade, indicating that the market has not reacted strongly to the news. This Week’s Key Economic Events + May 20: Reserve Bank of Australia interest rate decision + May 21: U.K. April Consumer Price Index (CPI) + May 22: U.S. May Manufacturing PMI, U.S. May Services PMI + May 23: Germany Q1 GDP EURUSD Chart Analysis As expected, the pair found support around the 1.11000 level and is now forming a price pattern within the upper trend channel. It is expected to break through this area without much resistance, with a potential to reach a high around the 1.14000 level in this rally. However, if this zone is broken, there is also the possibility of further upside toward the previous high near the 1.16000 level. We’ll keep a close eye on price movements around this resistance zone.
Long
by shawntime_academy
EURUSD May 19 Delivery and May 20 IdeaEURUSD May 20 Parent range equilibrium Previous range Premium Parent Bias bearish May 19 Delivery *Sundays delivery price expanded from a discount to rebalanced Fridays inefficient delivered price. *Asia opened on the 50 level of the current price leg. *London gravitated to seek many equal highs and inefficient delivered price to stopped just shy of May 9 high. *NY in a premium retraced to 50% of the price leg lowered into a discount and closed weaving back forth around the equilibrium. Fantastic delivery. I have never read the candles so clear as I did yesterday. Tape reading, studying ghosting life is paying off! So grateful to be learning the coolest skill! Did we create the high of the week? Was that a run on buy stops because this pair is shifting to bear prices? May 20 Idea Logic says with price previous session taking buy side liquidity price will seek discount prices today gravitating to efficient delivered price and sell side liquidity. NOTE price could consolidate today with a huge range previous day, no news can also sometimes present choppy days. All elements of my model MUST be in play before I do anything today. The day after a successful trade to be extra alert. Protect your gain. Note price did not retrace to .618 just below the 50%.
by LeanLena
EUR/USD - potential bearish move incoming The daily chart shows us that the current trend is upwards with higher highs and higher lows. On the 4 hour chart, we have price trading in a falling wedge for the past 28 days. Combining this with the daily uptrend, this current downtrend on the 4 hour is considered a pause that will eventually explode to the upside, and resume the daily uptrend Price recently formed a red shooting star candle on high volume, signaling a short term reversal. An opportunity exists for a short term trade targeting the nearest clustered support zone with a stop loss placed slightly outside the shooting star candle, thus granting a 1:2 RR trade.
Short
by TAandFA
EURUSD Eyes 1.13 on Moody's Credit DowngradeThe latest rebound from head & shoulders targets on both the US Dollar Index and EURUSD was amplified by Moody’s credit rating downgrade Markets are expected to watch the Trump administration for reassuring headlines, reasserting the 1.1290 resistance on the pair before sustaining another leg higher in line with the 2025 uptrend. Key levels near neckline zones and 2025 extremes remain in focus for H2 reassessment. 🔼 Resistance Levels: 1.1200, 1.1330, 1.1380, 1.1450 🔽 Support Levels: 1.1140, 1.1070, 1.0970, 1.0890 Written by Razan Hilal, CMT
by FOREXcom