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USDEUR trade ideas

Markets Slowing Down Ahead of NFP, What To Lookout ForHey There, The dollar has been in demand so far this week, boosted by it being seen as a safe-haven amid political turmoil in both South Korea and Europe as well as ongoing conflicts in the Middle East and Ukraine. With France’s government facing “No Confidence votes” that could spell the end of the short-lived administration of Prime Minister Michael Barnier, pushing the country into uncharted waters of political chaos. Gold Prices rose marginally as political turmoil in South Korea spurred some safe haven demand along with fears of a collaps in the Israel-Hezbollah ceasefire. However, trades continue to remain on the sidelines amid anticipation for more cues on U.S interest rates. But any gains in gold were largely limited by a spike in the dollar as it soared on uncertainty over the long term outlook for U.S rates.
by DeanMuller
4
Technical Analysis for EUR/USD (Euro/US Dollar)Chart Structure: Head and Shoulders Pattern: A reverse Head and Shoulders pattern is visible on the 1-hour chart, indicating a potential reversal to an upward trend. The Neckline is located at 1.0578, and its breakout could confirm the start of an upward move. Fibonacci Levels: The 0.5 Fibonacci level at 1.0578 acts as a key support. The 0.786 Fibonacci level at 1.0719 and the 1.0 level at 1.0824 are identified as potential targets if the Neckline is broken. Indicators Used: Ichimoku: The price is near the Kumos (cloud), and a breakout above the cloud could signal further upward movement. Alligator: The Alligator lines are opening up, indicating an increase in volatility and the potential continuation of the trend. Price Action Forecast: If the price breaks the Neckline at 1.0578, an upward move toward the 1.0719 and then 1.0824 levels is expected. If the price fails to break the Neckline, there could be a reversal back toward lower support levels, such as 1.0498. Conclusion: Bullish Scenario: A breakout and hold above 1.0578 would support further upward movement toward Fibonacci targets. Bearish Scenario: A failure to break the Neckline could lead to a decline and continuation of the current downward trend. This analysis is based on technical tools and should ideally be combined with fundamental analysis for a more comprehensive outlook.
Long
by arongroups
eurusd - buyEURUSD Trade Idea: Bullish Bias Summary: This setup indicates a buy opportunity for EURUSD, supported by strong seasonal trends and favorable exogenous factors, with EUR gaining strength over USD. Key Points: Seasonality: EUR shows bullish momentum from Nov 25 to Dec 29, while USD faces bearish pressure from Nov 23 to Dec 6, favoring EURUSD upside. Commitment of Traders (COT): EUR is at the bottom, while USD is near the bottom, leaning toward a buy bias for EURUSD. Exogenous Factors: Balance of Payments (BOP): Neutral for both currencies, with no significant impact. GDP Growth Differential: Positive for EUR and negative for USD, favoring EUR. Interest Rates (IR): Positive for EUR, negative for USD, providing additional bullish momentum. Stocks: Negative for EUR and positive for USD, slightly offsetting the bullish outlook. Exogenous Score: EUR: +45.5 vs. USD: -22.5, supporting a buy bias for EURUSD. Trade Bias: Buy EURUSD, as seasonal and exogenous factors strongly favor EUR over USD.
Long
by AtifDhedhi
#EURUSD : some bullish correction!#EURUSD DAILY: According to the daily time frame, the price trend is still bearish if it is trading below 1.040. But we expect some bullish correction from the current levels of 1.0500 and the price will test the levels of 1.0800, which also represents the first target for the ab=cd pattern (50% correction of the AD leg), and the target of the inverted head and shoulders pattern. * This bullish vision will be confirmed if the price breaks the 1.0600 levels. #harmonic_trading #abcd_pattern #headandshoulders
Long
by AhmedHassanien
EURUSD - Outlook for 04/12/2024EURUSD has been ranging and completed a lower move to support. As far as the support holds, we should see above levels tapped in coming sessions. A sustained break of support will result in bearish move to lower levels. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Long
by MarketsPOV
EURUSD - The Bigger PictureEURUSD seems to have completed the Correction Waves ABC and now looks to start a Bullish move. Stochastic is in extreme lows so we can expect a move to above level as far as support is respected. A break of support level will result in a lower move to below support. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Long
by MarketsPOV
EURUSD Will Go Down! Short! Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.052. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.049 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURUSD → Consolidating before the news.... FX:EURUSD is in a current downtrend, but there is news ahead and traders are waiting for hints about the US monetary policy. The currency pair has not yet reached the local target... On D1, the struggle for space continues after the false breakdown of support. Also, the market is still yet to test 1.061 - 1.065 - the key liquidity zone. Ahead of ADP Nonfarm, PMI and Powell's speech, where, according to analysts, the issue of rates, US monetary policy may come up. Any hints of an aggressive rate cut could reinforce buying in the Euro and selling in the Dollar. However, we can't know this ahead of time, so the market may remain in consolidation until the news. Resistance levels: 1.0606, 1.0654, 1.076. Support levels: 1.0448, 1.033 Technically, the currency pair can form an upward momentum to key resistance areas, from which the decline can resume. But, if the price breaks the support and consolidates below 1.044, the decline may start earlier. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
1
Top Trade Ideas: Profitable EUR/USD InsightsAlexGoldHunter FX:EURUSD Technical Analysis and Strategy for EUR/USD on a 1-Hour Timeframe Price Action and Key Levels Current Price: 1.04996 Resistance Levels: 0.786 Fibonacci: 1.05026 Recent High: 1.05050 Support Levels: Recent Low: 1.04800 0.382 Fibonacci: 1.04750 Indicators Moving Averages: The price is below the 50-period (blue), 100-period (green), and 200-period (yellow) moving averages, indicating a bearish trend. Bollinger Bands: The price is near the lower band, suggesting potential oversold conditions. Volume: Increased volume during the recent price drop, indicating strong selling pressure. Stochastic Oscillator: %K: 35.77 %D: 38.56 The Stochastic Oscillator is in the oversold region, suggesting a potential buying opportunity. MACD: MACD Line: -0.00107 Signal Line: -0.00120 Histogram: 0.00012 The MACD line is below the signal line, indicating bearish momentum. RSI: Current RSI: 45.14 Below the neutral 50 level but not yet in the oversold territory. Buy Strategy Confirmation: Wait for the Stochastic Oscillator to cross above the oversold threshold (20). Look for the MACD line to cross above the signal line, indicating bullish momentum. Confirm that the RSI is moving upwards from the oversold region. Entry Point: Enter a buy position when the price closes above the 50-period moving average. Stop Loss: Place a stop loss below the recent swing low to manage risk, around 1.04800. Take Profit: Set a take profit level near the upper Bollinger Band or the next resistance level, around 1.05026. Sell Strategy Confirmation: Wait for the Stochastic Oscillator to cross below the overbought threshold (80). Look for the MACD line to cross below the signal line, indicating bearish momentum. Confirm that the RSI is moving downwards from the overbought region. Entry Point: Enter a sell position when the price closes below the 50-period moving average. Stop Loss: Place a stop loss above the recent swing high to manage risk, around 1.05050. Take Profit: Set a take profit level near the lower Bollinger Band or the next support level, around 1.04750. Summary of Signals Buy Signal: Entry: Above the 50-period moving average Take Profit (TP): 1.05026 Stop Loss (SL): Below 1.04800 Sell Signal: Entry: Below the 50-period moving average Take Profit (TP): 1.04750 Stop Loss (SL): Above 1.05050 This detailed analysis and strategy should help you make informed trading decisions for EUR/USD. If you have any further questions or need additional insights, feel free to ask! or follow our free signal chanell links below provided
by Alexgoldhunter
Sell EUR/USD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0500, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0442 2nd Support – 1.040 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
14
Summary of the Day (December 3, 2024)Summary of the Day (December 3, 2024) --- Geopolitical Events - South Korea: - South Korean President Yoon declared martial law early in the day, citing opposition party obstructionism. This prompted significant political and market instability, including a sharp weakening of the Korean Won (KRW). - By the afternoon, the South Korean Parliament voted to block the martial law decree. President Yoon agreed to lift the order following the parliamentary decision, helping to stabilize markets. Emergency meetings by the Bank of Korea and Finance Ministry signaled plans for unlimited liquidity support if needed. - The geopolitical turmoil underscored market risk in South Korea, with international investors remaining wary. - United States: - Political developments included the Trump transition team working with the Justice Department on personnel vetting for national security roles, alongside continued monitoring of South Korea’s political crisis by the Biden administration. - The Federal Reserve continued its data-driven approach to monetary policy, with discussions on a potential December rate cut. - France: - Political uncertainty loomed, with President Macron defending his leadership amid budgetary tensions, and a no-confidence motion scheduled for December 4. - China: - Continued tensions with the US over chip export controls and strategic minerals (germanium and gallium) created friction. The PBOC engaged in significant market operations, injecting liquidity into the system. --- Market Highlights - Equities: - The S&P 500 showed minor gains, marking its 55th record close of the year, driven by a resilient rally despite global uncertainties. Nasdaq also closed slightly higher, continuing its tech-driven momentum. - Salesforce ( NYSE:CRM ) reported mixed Q3 earnings, with revenue beating estimates but earnings-per-share falling short. - Commodities: - Oil prices climbed, with Brent crude settling at $73.62/bbl (+2.49%) and WTI crude at $69.94/bbl, amid expectations of OPEC+ maintaining output cuts. - Natural gas futures saw modest gains, while refined products like gasoline and diesel followed crude's upward trajectory. - Forex: - The KRW was volatile due to political developments, recovering slightly after the martial law repeal. - The US Dollar saw mixed performance, gaining against some currencies like the Chinese Yuan (CNY) but losing ground to the Euro, which recovered from earlier losses tied to French political turmoil. --- Macroeconomic Data - United States: - Job openings in October surpassed expectations, reflecting labor market stability. Investors eyed upcoming payroll data and Fed commentary on potential December policy shifts. - API stock reports showed unexpected increases in crude oil (+1.23M barrels) and gasoline inventories, signaling potential bearish trends in energy markets. - Europe: - European Central Bank (ECB) officials suggested a cautious approach to rate cuts, emphasizing data dependence. Eurozone growth remained sluggish, with officials warning of long-term structural challenges. - Asia-Pacific: - Australia reported modest improvements in PMI figures, signaling an economic recovery. However, the country posted a larger-than-expected current account deficit in Q3. - South Korea’s inflation figures for November missed estimates, with CPI MoM at -0.3%, reflecting deflationary pressures. --- Investor Sentiment - Market sentiment fluctuated throughout the day, with extreme volatility in South Korea overshadowing relatively stable US equity performance. Fear and Greed Index values for cryptocurrencies (76/100) and broader markets (61/100) indicated high optimism but flagged potential for corrections in overbought sectors. --- This comprehensive overview underscores the interconnectedness of geopolitical risks, economic data, and market movements throughout the day.
by InvestMate
3