EUR/USD May Face Minor Pullback Amid USD Strength📊 Market Overview:
EUR/USD is trading around 1.1330, slightly retreating after reaching near 1.1390 earlier this week. The US dollar is strengthening due to robust consumer confidence data and expectations that the Federal Reserve will maintain higher interest rates for an extended period. Meanwhile, the euro faces pressure as investors await upcoming Eurozone inflation data.
📉 Technical Analysis:
• Key Resistance: 1.1390
• Nearest Support: 1.1255
• EMA: Price remains above the 9-day EMA, indicating the uptrend is still intact.
• RSI: Near 60, suggesting mild overbought conditions.
• MACD: Forming a bearish crossover, signaling potential short-term correction.
📌 Outlook:
EUR/USD may continue to pull back in the short term if it fails to break above the 1.1390 resistance and the US dollar maintains its strength.
💡 Suggested Trading Strategy:
Sell EUR/USD at: 1.1380 – 1.1390
🎯 Take Profit: 1.1255
❌ Stop Loss: 1.1420
Buy EUR/USD at: 1.1255
🎯 Take Profit: 1.1350
❌ Stop Loss: 1.1215
USDEUR trade ideas
EURUSD Buy- look for buy when price pull back to discount level
- refine entry with smaller SL for better RR, if your strategy allow
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EUR/USD - BUY BUY BUY!Here in my personal Opinion I can see a few potential reasons to buy with high confidence.
Firstly- Weekly timeframe is showing a Bullish movement with us closing last week with a strong volume candle.
Secondly- On the Daily time frame we can see this is a high possibility of a 5th leg of elliots wave to finish this Bullish run.
Thirdly- The Daily has pushed out of the 71% level from the first demand zone. Following this on the 4H Time frame we can notice this previous push has also giving a strong Liqudity Grab into the new 71% level telling me Buyers are still highly in control.
I will be looking to trade into Buy side Liquidity after this Volume gap has been filled
Follow along for more updates
Eur/Usd seasonality and pennant patternStatistical support from seasonality patterns combined with strong bullish pennant pattern gives a great combo for eur/usd.
For now, expecting the price to bounce back to target 1. If bullish breakout, then target 2. Potential low risk scenario over there at target 3.
Happy days!
EURUSD on the riseEURUSD continues to move in line with expectations and gained over 100 pips yesterday.
This confirms the bullish trend and opens up opportunities for additional long positions.
The next targets, based on Fibonacci tools, are 1,1427 and 1,1563.
Watch for a potential pullback followed by a continuation of the uptrend.
EURUSD M15 I Bearish Drop Based on the H4 chart, the price is rising toward our sell entry level at 1.1361, a pullback resistance.
Our take profit is set at 1.1296, a pullback support that aligns close the 61.8% Fibo retracement.
The stop loss is set at 1.1392 a swing high resistance.
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Market next move ⚠️ 1. Weak Bullish Continuation Signal
The current price action shows a rejection wick on a red candle, signaling selling pressure near the recent highs.
Despite the upward move earlier, this could be a short-term exhaustion rather than strength for further upside.
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📉 2. No Follow-Through After Bullish Spike
There was a strong bullish candle earlier, but:
No significant follow-up to break past that level convincingly.
Price appears to have stalled or even reversed after that spike — possibly forming a bull trap.
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🔄 3. Overhead Resistance at Target Area
The "TARGET" label sits near recent highs, which have already been rejected once.
Without clear breakout volume, this zone might act as resistance, not a logical next stop.
Bearish reversal off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the support.
Pivot: 1.1424
1st Support: 1.1237
1st Resistance: 1.1555
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Fed Minutes overshadowed by tariff uncertainty | FX ResearchUS equity futures are well bid ahead of the North American open, with S&P 500 minis up over 1.1% and the Nasdaq up 1.7%, partially driven by Nvidia's strong results and a US court ruling declaring some of President Trump's tariffs illegal. This has boosted risk sentiment by potentially supporting consumer spending and economic growth, although uncertainty remains as the ruling may face further scrutiny.
The FOMC minutes, largely overshadowed by this development, noted concerns about persistent tariff-related inflation. Economic data expected today includes jobless claims, projected to rise slightly, and a second reading of Q1 GDP, likely unchanged. April pending home sales are anticipated to drop by 1% month-over-month.
Fed speakers Barkin and Goolsbee may touch on tariff implications, though no major policy updates are expected. The $44 billion 7-year Treasury auction, the final one this month, is notable for its role in linking short- and long-end yields, with no signs so far of reduced foreign demand.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
EUR USD Technical Analysis.This chart shows the EUR/USD currency pair on a 1-hour timeframe from TradingView. Here’s a breakdown of the analysis:
Current Price: 1.13373
Recent Trend: The price recently dropped and is now consolidating.
Highlighted Zones:
Support Zone (Bottom): Around the 1.12750–1.13200 range, marked by a shaded area where price previously bounced.
Resistance Zone (Top): Around the 1.13700–1.14100 range, also shaded, where the price previously faced resistance.
Forecast/Trade Idea:
A bullish reversal is anticipated from the current level.
The chart suggests a potential "cup and handle" or inverse head and shoulders pattern.
Target: 1.13805 (noted with a bullseye icon).
Path: The green arrow suggests an upward move toward the target zone.
This is a technical bullish setup anticipating a move upward to retest the resistance zone near 1.13805. The analysis assumes support will hold and momentum will shift upward.
Smart Money waits for the retracement, not the breakout.” TradingView chart for EUR/USD (30-minute )
🧠 Smart Money Concepts (SMC) Breakdown:
🟨 Bullish Zone (Demand)
Marked in yellow, this is the strong demand zone where price recently reversed.
This zone aligns with a potential order block or a liquidity grab.
🟩 Green Box (Potential Re-entry Zone)
This is your optimal trade entry (OTE) zone.
Price is expected to retrace to this zone after facing resistance at the red supply zone.
It aligns with the discount level (below 50% of recent move).
🟥 Red Box (Supply Zone / POI)
Price is currently reacting to this zone.
This may be a short-term rejection point leading to the expected retracement.
🟦 Blue Box (Higher-Timeframe POI / Supply)
A major target zone likely acting as liquidity above swing highs.
If price breaks and holds above red zone, this is the next target for longs.
🟩 Light Green Box (Final Target / Weekly Level)
Likely a weekly supply level or final target for a full bullish expansion.
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📈 Projection (Dashed Arrows):
1. Short-Term Bearish Move: Price dips into green demand zone.
2. Long Entry from Demand: Potential bullish continuation from green zone to break above red.
3. Target Blue Supply: If red is broken, price will head to the blue zone next.
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Highlight entry point near green box for 1:3+ RR.
Show retracement plan instead of immediate breakout.
Emphasize liquidity hunt at red zone before continuation.
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Would you like me to do analysis of. Other pair , mention in comments,🖇️
EURUSD: Bullish Megaphone unfolds its new bullish wave.EURUSD just turned bullish on its 1D technical outlook (RSI = 56.015, MACD = 0.004, ADX = 31.789) as it maintains a sustainable short term uptrend through a Bullish Megaphone pattern. The 1D MA50 has assumed the role of the medium term Support and the 3rd bullish wave is already under way. We expect it to repeat at least the previous +2.59% wave, having a TP = 1.14950.
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