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U.S. DOLLAR / EURO REFERENCE RATE

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USDEUX trade ideas

Stalking for sell side expansion on EURUSDThe current market condition is bearish, So stalking for sell side expansion is essential for high probability success. The market has recently traded above an old daily high where majority of retail traders will have interest to participate in the market, whether buying or selling in terms of buy stops protecting there're short positions, So they get to suffer both shorting & longing trades. After the market has sweep stops on the buy side it tend to gravitate to the sell side liquidity pool. This is what algorithm does. No indicators needed to read price.
Short
by smcapitals_
EUR/USD: Short-Term Pullback Before Weekly Bullish ContinuationYesterday's idea worked perfectly, hitting the take-profit target at 1.04925, as expected. As I mentioned, a pullback to the upside occurred after reaching that area. For today's trade, the daily timeframe bias remains bearish, with a target towards 1.04748. This makes it clear that today's position is a sell. Looking at the market structure, the NYPM session high has been broken, and there's a Market Structure Shift (MSS) around 1.05192. I plan to wait for the price to return to the FVG zone near 1.05248 before entering a sell position. My take-profit target is set at 1.04982. Let’s wait and see how this plays out!
Short
by ryananggara
EURUSD 1H LongEUR/USD 1-hour chart shows a reversal trade setup price action wise as price failed to make new lows. Price initially broke above the red Ichimoku cloud but failed to hold, signaling a bearish rejection at cloud resistance. The Kijun-Sen (red line) acted as dynamic resistance, while the price retraced and showed rejection near this level. This, combined with the bearish candle formation, suggests a potential reversal to the downside, with the cloud and Kijun-Sen providing technical confirmation.
Long
by ALRDNMRSKY
EURUSD Trading Journal Summary of Dec 16 Price actionEURUSD Trading Journal Summary of Dec 16 Price action Price opened in Asia in premium that creates a nest of equal ST equal highs. At 3 in London and by 4 breaks down to take the ST equal lows and swings down past the 50% from the previous days range and takes the noted FVG. In NY Price swings back and forth between the .79 and 50 levels taking the equal lows and comes into the FVG to rebalance but just wicks through. By 10 rallies back up to .79 level by 1pm. To close NY in a premium. Price swings at 4 and 10 are both 38pips. NEAT. This pair experienced 3 red folder drivers so I decided to tape read. I am happy to analyze it seeking the ST equal lows/highs and rebalance the FVG and which macros price is reacting.
by LParnell
Euro and Pound get some help from PMI reads | FX ResearchSolid preliminary PMI data out of the Euro area helped to keep the Euro supported into dips, though overall we haven't seen much activity in markets so far on Monday. ECB President Lagarde commented that domestic inflation remains too high, but price momentum in the services sector has dropped steeply recently. Euro gains from the economic data were also offset by Moody's recent downgrade of France's credit ratings. In the UK, a strong round of PMI readings provided a boost to the pound. The focus now shifts to the North American session, which features US flash PMIs, Empire Manufacturing, and Canadian housing starts.
by BlackBull_Markets
EURUSD Nearest Target: SHORT before LONGOn the 5-minute timeframe, we can see a Market Structure Shift (MSS) around 1.05126, and the imbalance (iFVG) at 1.05171 has already been filled. While the weekly timeframe bias remains bullish, targeting 1.05952, this is a quick short-term move, so it won’t take much time. That’s why I call it "SHORT before LONG." My target is at 1.04925, as there’s a high probability the price will bounce upwards from that level. That’s where I’ll set my take profit (TP).
Short
by ryananggara
EURUSD: the FOMC week aheadThe most important event for the eurusd currency pair during the previous week was the ECB meeting, where euro interest rates were cut by another 25 basis points, bringing the deposit rate to 3%. In an after the meeting address to the public, ECB president Lagarde noted that more cuts might come in the early 2025, which will set the euro rates to neutral. Analysts are noting that this cut represents further ECB efforts to cope with both inflation and weakening of the Euro Zone economy. As for other macro data published during the week, the inflation rate in Germany final for November was -0,2% for the month and 2,2% on a yearly basis. Trade balance in Germany in October was positive with euro 13,4B, a bit lower from the market consensus of euro 16B. Inflation data in the US were published during the previous week. Inflation reached 0,3% in November for the month, and 2,7% on a yearly basis. At the same time, core inflation was standing at 0,3% in November and 3,3% for the year. The Producers Price Index in November was 0,4% while core PPI was standing at 0,2% for the month. The currency pair started the previous week by shortly testing the 1,06 resistance line, but soon switched to the downside. The lowest weekly level reached was 1,045. The eurusd is ending the week at the level of 1,05. The RSI modestly reached level of 41, but still is not ready to cross the 50 line and move further toward the overbought market side. The MA50 continues to diverge further from its MA200 counterpart, without an indication over a potential cross anytime soon. The week ahead brings the FOMC meeting on December 18th, when the Fed will decide on the future course of interest rates. The market is expecting to see another 25 bps cut. This might impact some higher volatility on the market. As per current charts, there is some probability that eurusd might test 1,06 resistance level for one more time, but there is higher probability that the currency pair will turn back toward the 1,04 support level. Important news to watch during the week ahead are: EUR: HCOB Manufacturing PMI flash for December in Germany, Ifo Business Climate in Germany for December, Balance of trade in the Euro Zone in October, ZEW Economic Sentiment Index in Germany in December, Inflation Rate final for November in the Euro Zone, GfK Consumer Confidence in Germany for January, PPI index in November in Germany. USD: Retail Sales in November, Industrial Production in November, Building Permits preliminary in November, FOMC Meeting and economic projections, Fed Press Conference scheduled for December 18th, GDP Growth Rate final for Q3, PCE Price Index in November, Personal Consumption and Spending, Michigan Consumer Sentiment final for December.
by XBTFX
EURUSD Potential for up trend continuationEUR/USD rebounded from a support level, influenced by impactful news surrounding the Euro. The market remains in a consolidation phase as the year-end approaches, likely staying within last week’s trading range. A rejection signal at the support level and the downward trendline could indicate potential upward movement, suggesting oscillation within the consolidation zone’s highs and lows. The recent breakout from a falling wedge pattern points to a possible rise. The target resistance zone for this movement is around 1.05620
Long
by RTED_Investing