Bounce Back or Break Down?
EUR/USD is at a critical support zone, and we're anticipating an exciting move. Target set, stop set, risk-to-reward ratio on point! Now let's see what the market decides!
USDEUX trade ideas
Bullish Opportunity: Buy Setup at support Ahead of Key CPIWe are looking to buy at 1.050 area
Key Levels:
Entry: 1.050 (support level)
Take Profit (TP): 1.05979
Stop Loss (SL): Adjust to match your preferred risk-to-reward ratio.
1.045 is a reasonable SL
The price is expected to find support near 1.050, with the potential for a bullish rebound toward the resistance zone at 1.05979.
Bespoke resistance lies further up at 1.064 providing longer-term bullish potential if this level breaks.
Caution:
This trade setup assumes that the US CPI data due tomorrow will come out weaker than expected, which could favor a bullish move in this pair. Monitor the news closely before committing to this trade, as stronger-than-expected CPI figures could invalidate the setup.
Dollar Weakens Amid Tight U.S. Election Race and rate cuts Dollar Weakens Amid Tight U.S. Election Race and Upcoming Fed Decision
The U.S. dollar dropped as the latest polls indicate no clear leader in the presidential race, reducing bets on a Trump victory. Treasury futures rose, reflecting cautious investor sentiment amid the uncertainty.
Citigroup strategists suggest that a Trump victory could see the dollar rally by 3%, while a Harris victory could result in a 2% decline. This highlights the significant impact the election outcome could have on the USD. Meanwhile, the Fed is expected to announce a 25-basis point rate cut, adding to market volatility already heightened by the election.
Traders are keeping a close eye on early results from swing states like Michigan and Pennsylvania for insights into the potential election outcome and its implications for the financial markets.
Source: Information derived from Bloomberg
EURUSD SELL!!!EU sentimental is bearish today, and early morning it broke out of the Asian session low. Now, let take a short position
We first aim for 1:1 the 1:2 after securing some profits
EUR- Long - Re-entryNew opportunity to go long. It's a risky trade, and we need to break 1.062.
T1: 1.062 (protect trade).
T2: 1.08 (partial or close).
T3: 1.09 (close - daily chart).
Sell Side IdeaSell expectation from H4 FVG with MSS. The MMS that occurs before FVG is most likely to be an inducement.
Market Analysis: EUR/USD Faces ResistanceMarket Analysis: EUR/USD Faces Resistance
EUR/USD extended losses and traded below the 1.0550 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0545 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0635 resistance. The Euro started a fresh decline below the 1.0550 support against the US Dollar, as mentioned in the previous analysis.
The pair declined below the 1.0520 support and the 50-hour simple moving average. Finally, the pair tested the 1.0500 level. A low was formed at 1.0498 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped.
There was a minor increase above the 23.6% Fib retracement level of the downward move from the 1.0594 swing high to the 1.0498 low. Immediate resistance on the upside is near the 1.0545 level.
There is also a key bearish trend line forming with resistance at 1.0545 and the 50-hour simple moving average. The next major resistance is near the 1.0570 zone or the 76.4% Fib retracement level of the downward move from the 1.0594 swing high to the 1.0498 low.
The main resistance sits near the 1.0590 level. An upside break above the 1.0590 level might send the pair toward the 1.0635 resistance. Any more gains might open the doors for a move toward the 1.0675 level.
On the downside, immediate support on the EUR/USD chart is seen near 1.0520. The next major support is near the 1.0500 level. A downside break below the 1.0500 support could send the pair toward the 1.0445 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Read The EURUSD MarketLet's Looking at Price Actions of EURUSD and Finding Some Trade Opportunities, Good Luck With Your Trades <3
EURUSD result price touched FVG close to .5 fib. took 90% partials, have a runner with SL set as breakeven
EURUSDreacting from that supply zone to give a break below
also might fail the Supply Zone as it not a strong zone
EURUSD: Bearish Confirmation SignalWe spotted two strong bearish confirmations on 📉EUR/USD chart.
This occurred after a brief pullback to a key horizontal resistance level that was recently broken.
The price has since dropped below both the neckline of a cup and handle pattern and a support line of a rising wedge pattern.
As a result, we can expect further downward movement towards a new lower low.
EURUSDhi everyone
what kind this pattern ?
:D
disclaimer
i just share what i see
this is not a signal
be smart
save your money
EURUSD- 11th December Pre-session chart analysis
As per Photon Strategy, I shared the chart analysis. It is not a buy/sell advice. Just for Educational purpose only.
Bounce Back or Break Down?I'm trading EUR/USD on the 1-hour timeframe. The price has reached a support zone, and there's a chance of a bounce upward. The target (TP) and stop loss (SL) are set. The risk-to-reward ratio looks good, and I'm waiting for the outcome.
EURUSD ahead of the news EURUSD continues to hold above 1,0500, awaiting the USD news.
Inflation data will be released later today with the opening of the US session.
This is one of the most significant market events right now and is expected to cause substantial volatility.
Tomorrow, the ECB's interest rate decision is scheduled.
Be cautious of misleading moves and avoid making emotional trades!
EURUSDThe EUR/USD pair continues to trade below the 34 and 89 EMA levels, signaling a short-term bearish trend. Despite attempts at consolidation in recent sessions, the pair remains under pressure, weighed down by a stronger U.S. dollar, geopolitical uncertainty, and diverging monetary policies between the Federal Reserve (Fed) and the European Central Bank (ECB).
The U.S. dollar has extended its rally for the third consecutive day, with the Dollar Index (DXY) climbing past the 106.60 mark. This persistent strength has added significant downward pressure on EUR/USD, leaving the pair vulnerable to further declines as market dynamics unfold.
From a technical perspective, traders should focus on two key resistance levels. These areas could provide optimal entry points for positioning, with the primary targets set at well-defined support zones. Monitoring price action around these levels will be crucial to aligning strategies with the prevailing market trend.
Stay disciplined and vigilant as you navigate today’s trading opportunities. Wishing you success and profitable trades!
Head and Shoulders Pattern in EURUSDEUR/USD Analysis (Timeframe: To be determined): Head and Shoulders Pattern Detected, Buy Signals Generated
A head and shoulders pattern has been identified on the EUR/USD chart. However, contrary to the typical bearish implication, buy signals have been generated, indicating a potential bullish reversal.
Key Indicators:
- Head and Shoulders Pattern: A clear head and shoulders formation has been detected.
- Buy Signals: Generated, indicating a potential bullish reversal.
- Trend Analysis: Potential bullish reversal.
Key Levels:
- Resistance: 1.08300
- Support: 1.05200
- Target: 1.09250
Recommendation:
Consider long positions or bullish strategies to capitalize on the potential upside movement.
Please note that forex markets are highly volatile, and prices can change rapidly. Please mind your own money management 🙏
Best Wishes Tom 😎
EURUSD Next possible moveSAXO:EURUSD
Title
"EUR/USD Intraday Analysis: Sell Bias Persists | Dollar Dominance Resumes"
Market Context
"EUR/USD remains under pressure as the U.S. dollar regains strength amid hawkish Federal Reserve expectations. Lingering concerns over Eurozone economic growth further weigh on the pair, favoring a bearish bias."
Technical Analysis
*"Today’s sell entry is supported by the following bearish signals:
Trend Structure: The pair continues to form lower highs and lower lows, confirming the downtrend.
EMA Dynamics: Price trades below the 20 and 50 EMAs, signaling sustained bearish momentum.
RSI: Falling toward 40, highlighting increased selling pressure.
MACD: Negative histogram bars are expanding, reinforcing the bearish outlook.
Key Levels:
Support: 1.0480 (intraday), 1.0450 (next key level).
Resistance: 1.0520 (intraday), 1.0550 (critical barrier). A move above 1.0550 would negate the bearish bias."*
News Context
"Upcoming: U.S. ISM Services PMI data could provide fresh directional cues.
Previous: Friday’s strong NFP report boosted the dollar, keeping EUR/USD under pressure."
Call to Action
"Will EUR/USD continue its slide, or could support levels trigger a reversal? Share your thoughts and strategies below!"
EURUSD is continuing its bearish trendInstant Entry could be taken as RSI is sync, currently the pair is respecting the downward bearish channel. Recently it again broke out its LL at 1.50234, using your risk management, trade can be taken instantly with first TP of 1.04958 and TP2 1.04593
EURUSD Trading Idea EUR/USD dipped 0.2% on Tuesday, marking its third straight decline as it approaches the key 1.0500 level. The Euro’s recent bullish momentum is fading, with traders shifting to a cautious stance ahead of two major events:
US CPI Data (Wednesday): A pivotal release ahead of the Fed's final 2024 meeting. Inflation is expected to tick up to 2.7% YoY (from 2.6%), with core CPI holding steady at 3.3%. Any signs of stalled progress could dash hopes for a third consecutive rate cut on December 18, fueling USD volatility.
ECB Rate Decision (Thursday): The ECB is widely anticipated to deliver another quarter-point rate cut. Forecasts suggest the Main Refinancing Operations Rate will be trimmed to 3.15% (from 3.4%), and the Deposit Facility Rate is expected to drop to 3.0% (from 3.25%).
EUR/USD Technical Analysis: Entry Opportunity with SMC and Fibonacci
Using Smart Money Concepts (SMC) and Fibonacci retracement, the key zone between the 0.71 and 0.79 Fibonacci levels is shaping up as a critical area of interest. Following the creation of a fair value gap at the last high, the price is now testing the 50% Fibonacci level, setting the stage for a potential trade setup.
Trade Setup:
Entry Point: 1.05520 (aligned with the 0.75 Fibonacci level)
Stop Loss: 1.05697 (just above the 0.79 Fibonacci level for added risk protection)
Take Profit: 1.04990 (targeting below the fair value gap for optimal risk-to-reward)
Risk/Reward Insights:
This setup offers a Risk/Reward Ratio of 2.98. By risking 17.7 pips to gain 53 pips, you're maximizing reward relative to risk.
Disclaimer:
Trading carries significant risks, and it’s essential to practice strict risk management. Always trade with a clear plan, use stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—ensure you understand the risks before making any decisions.
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Bearish drop?EUR/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.0543
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.0564
Why we like it:
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0502
Why we like it:
There is a pullback support level.
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#EURUSD - 11122024We caught the whole EURUSD move as per algo level path given yesterday; a move higher to re-test strong level at 1.0564 for a short down to 1.0500 level and a long to 1.0534, all played out to perfection.
I said that 1.0500 is a potential low and market bounced from it. Is the lows in? To be honest, based on the current price action on daily, it is not so easy to decipher. It does not look like a bottoming candle.
Thus IMO, EURUSD could make another move down to make a new low, but that get bought up to possibly form a reversal candle on daily to be called a bottom. Looking for a rejection off 1.0556 for a move down to 1.0476 for a long.
EURUSD 1H ICT conceptwe are looking at price creating internal liquidity, we are waiting to find .5 or .62 fib retracement to start selling. our TP1 is the base of the pattern and TP2 is a standard deviation.
