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U.S. Dollar / Euro

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USDEUR trade ideas

Euro / U.S. DollarHello dear friends, In this video, I have analyzed the past market and provided some insights. I demonstrate how I entered the market and took a sell position. My analysis is based on the 4-hour time frame, and I also showcase the change in trend in the 1-hour time frame. These changes occur to fill imbalances. Additionally, I have presented a new idea for a new sell position. I hope you find this information useful. Thank you, and I hope this information is helpful to you. If you have any questions, I would be happy to assist! Thank you very much, Fereydoon Bahrami "A retail trader in the Wall Street trading center (Forex)."
Long
by fereydoon1199
Fundamental Market Analysis for October 30, 2024 EURUSDThe Euro-dollar pair is losing ground after two days of gains, trading near 1.08100 during Asian hours on Wednesday. The Euro is under downward pressure as the European Central Bank (ECB) is expected to cut the deposit rate again. Money markets currently rate the probability of a 50 basis point rate cut during the December meeting at nearly 50%. Investors will be keeping a close eye on preliminary German and Eurozone gross domestic product (GDP) data, as well as preliminary German Harmonized Index of Consumer Prices (HICP) data scheduled for release on Wednesday. On Wednesday, the focus will shift to preliminary US Q3 Gross Domestic Product (GDP) data and October employment change data from ADP. ECB policymakers have recently expressed different views on monetary policy. Pierre Wunsch, Governor of the National Bank of Belgium, said that the central bank has no pressing need to accelerate interest rate cuts and suggested that it might even settle for a more modest pace. In contrast, Mario Centeno, Governor of the Bank of Portugal, advocated considering a 50 basis point rate cut as a possible option for December. The decline in EURUSD could also be attributed to a rise in the US Dollar amid rising Treasury yields. The US Dollar Index (DXY), which measures the value of the US dollar against six other major currencies, is trading around 104.30, while the yields on 2-year and 10-year US Treasuries are at 4.09% and 4.24%, respectively, at the time of writing. The risk-sensitive EUR/USD may continue to decline amid continued uncertainty surrounding the US presidential election. A three-day Reuters/Ipsos poll, which ended on Sunday and was released on Tuesday, showed that the race is virtually tied as we get closer to the November 5 election. Trading recommendation: Watch the level of 1.08000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
30/10/2024 - EUR/USD - Short Trade Plan30/10/2024 - EUR/USD - Short Trade Plan Trade Details: Entry: 1.08200 (15min Order Block with 4H OB Confluence) Stop Loss: 1.08407 Take Profit 1: Based on 1:1 Risk-Reward Ratio Take Profit 2: 1.07733 Reason for Trade: Short entry is based on a 15-minute Order Block (OB) aligned with a higher timeframe (4H) OB, adding confluence to the setup. Aiming for an initial 1:1 Risk-Reward (RR) on TP1, with TP2 set at a lower target. Disclaimer: This trade plan is for educational purposes only and is not financial advice. Please conduct your own analysis before trading.
Short
by Unknown_Trader007
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
by Naoomi
#EURUSD - 30102024Yesterday I was bearish EURUSD and it nicely hit the sell level and sold down 55 pips. However it missed the final price target given before a huge recovery, closing near the highs. After a huge down, EURUSD is consolidating for the next move. IMO, EURUSD should have another move higher. But in what manner? IMO, if EURUSD comes down first, 1.0796 is a level to look for possible lows and a long to target 1.0858. And if 1.0858 trades first, look for possible rejection off the level for a next move lower.
by FadeMeIfYouCan