Get started

U.S. DOLLAR / EURO REFERENCE RATE

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDEUX trade ideas

Master Forex: The Secret to Success Lies in Daily Learning👋 **Dear traders, Let me ask you this: Why are you trading Forex? 💸 Is it for financial freedom? 🏖️ To change your life? 🌟 Or simply to challenge yourself in one of the most demanding arenas on the planet? Whatever your reason, here’s the truth: If you’re not learning every single day, you’ll remain stuck in the cycle of failure. Forex isn’t a game of luck; it’s a battlefield of intellect, discipline, and adaptability. And the only way to sharpen these skills is to make daily education a habit. --- ⚡ Why Daily Learning is the Key to Success Every day in the market is an opportunity to improve. But if you trade without learning, you’re setting yourself up to repeat the same mistakes. Here’s why daily education is essential: - Deeper Market Understanding: News, price patterns, and market sentiment change constantly. Learning keeps you ahead. 📰 - Improving Your Strategy: A winning strategy today may fail tomorrow. Education helps you refine and adapt. ⚙️ - Emotional Control: Knowledge replaces fear. When you’ve studied enough, you’ll trust your decisions and avoid impulsive moves. 💪 --- 📚 How to Learn Forex Daily Effectively You don’t need to spend hours every day learning. Just 30 minutes can make a world of difference. Here’s a simple yet effective routine: 1. Start with Market News Spend 15 minutes in the morning reading reliable sources like Forex Factory or Bloomberg. Economic data like interest rates or GDP reports can have a massive impact on the market. Being informed gives you an edge. 🌍 2. Analyze the Charts Open your favorite currency pair and ask: - What’s the current trend? (Up, down, or sideways?) 🔼🔽 - Where are the support and resistance levels? 📏 - Are there any clear signals from indicators like RSI, MACD, or Fibonacci? 🔍 3. Keep a Trading Journal Write down every trade you make. Not just the results, but also your reasoning and emotions. A journal helps you understand yourself and avoid repeating mistakes. ✍️ 4. Learn One New Concept Daily Dive into topics like Fibonacci today, Order Blocks tomorrow, and Supply & Demand the next day. Small, consistent learning adds up to massive knowledge over time. 💡 --- 🎯 My Journey: From Failure to Mastery Let me share my story. There was a time when my account would bleed losses, and I didn’t understand why. I blamed the market, luck, or even the broker—never myself. But deep down, I knew the problem wasn’t out there; it was me. One day, I decided to change. I committed to learning every single day, even if just for 30 minutes. I read news, analyzed charts, kept a journal, and learned to control my emotions. Six months later, my account stopped bleeding. Instead, it started growing. Success didn’t come from a magical strategy. It came from the daily discipline of learning and adapting. --- 💪 Your Challenge: What Did You Learn Today? Ask yourself: "What have I done today to become a better trader?" If the answer is "nothing," you’re wasting your opportunity. Start now. Learn something new, reflect on your trades, or simply read market news. Success in Forex doesn’t come from luck—it comes from relentless commitment to improvement. --- Thank you for taking the time to read this article. I hope it inspires you to value the power of daily learning in Forex. Remember: Knowledge is the most valuable asset on your journey to success. Wishing you successful trades and continuous growth! 🚀
by Bentradegold
EURUSD Daily Pivot Points Analysis 12-Dec-2024📣EURUSD Daily Pivot Points Analysis Daily R3 - 1.0682 Daily R2 - 1.0630 Daily R1 - 1.0565 Daily Pivot Point - 1.0513 Daily S1 - 1.0448 Daily S2 - 1.0396 Daily S3 - 1.0331 ✅ Today's Daily Pivot Point was lower than yesterday, indicating a slight increase in the bearish momentum established yesterday but nothing significant. EURUSD is still holding strong around the Daily Pivot Point and lacks overall direction. The price has been developing around the Daily Pivot point for about one month. Since EURUSD is still strong, this could help the Euro recover again. ✅ If EURUSD moves up from the current price zone the first resistance will be found near Daily R1 - 1.0565; Daily R2 - 1.0630 and maximum Daily R3 - 1.0682. These areas can push EURUSD down again to the Daily Pivot Point - 1.0513 ✅ If EURUSD moves down from the current price zone the first support will be found near Daily S1 - 1.0448 ; Daily S2 - 1.0396 and maximum Daily S3 - 1.0331. These areas can push EURUSD up again to the Daily Pivot Point - 1.0513 ✅ I think that the bullish scenario has more chances ——————————————————- A pivot point is an intraday technical indicator that's used to identify trends and reversals in equities, commodities, and forex markets. Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish and vice-versa. ——————————————————- You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
1
EUR/USD: Strategic Short Opportunities UnveiledThe EUR/USD pair is entering a clear bearish correction phase on the 1-hour timeframe. With selling pressure from the OB Zone and strong bearish signals from the EMA indicators, the price is expected to continue moving towards lower support levels. Suggested Trading Strategy Entry Points (Short Entry): Open a short position when the price slightly retraces to the OB Zone (~1.0522-1.0538). Alternatively, consider entering a short trade if the price breaks below the nearest support level without retracing. Take Profit (TP): TP1 at 1.0460. TP2 at 1.0385. Stop Loss (SL): Place the stop loss above the OB Zone (~1.0540), as this is where the price may trigger an unexpected reversal.
Short
by Jack5cu
EURUSD 1HR CHART UPDATEThe euro (EUR) has shown mixed performance recently, with potential for further pullbacks depending on evolving economic factors. Market sentiment is cautious due to persistent weaknesses in the Eurozone's manufacturing and services sectors, especially in key economies like Germany and France. Furthermore, the European Central Bank (ECB) is expected to maintain a dovish stance, including possible rate cuts in the near term, which could limit upward momentum for the euro. On the other hand, if U.S. Federal Reserve policies lean toward easing interest rates in 2024 due to moderating inflation, the dollar could weaken, providing some support to the euro. Analysts forecast the EUR/USD pair could reach a range of 1.15 to 1.21 by late 2024, but downside risks remain if Eurozone economic recovery falters or if the ECB signals more aggressive monetary easing. This scenario underscores the importance of closely monitoring central bank policies and economic indicators for trading or investment decisions.
Short
by SadarExplore
EURUSD Next possible moveSAXO:EURUSD Title "EUR/USD Intraday Analysis: Bearish Pressure Resumes | Post-NFP Decline" Market Context "EUR/USD faces selling pressure today, reversing gains from last week. The pair has broken below key intraday support levels, driven by a stronger USD following Friday's NFP report. The dollar gains traction as the market leans towards a more hawkish Fed outlook." Technical Analysis *"Today’s sell momentum is confirmed by multiple bearish signals: Price Action: The pair broke below the 1.0520 intraday support, creating lower highs and lower lows on the H1 chart. EMA Bearish Crossover: Price is trading below the 20 and 50 EMAs, signaling potential further downside. RSI: Dropped below 45, indicating increasing bearish momentum. MACD: Negative histogram bars have expanded, confirming downward pressure. Key Levels: Support: 1.0500 (critical), 1.0475 (next potential target). Resistance: 1.0535 (intraday), 1.0555 (major). A move above 1.0555 would invalidate the bearish setup."* News Context "Upcoming: Market awaits U.S. ISM Services PMI later today, which could further support the dollar if results exceed expectations. Previous: NFP data on Friday indicated a resilient U.S. labor market, bolstering Fed rate hike speculation." Call to Action "Do you expect EUR/USD to test lower support levels, or is this sell-off a temporary correction? Share your views in the comments!"
Short
by RBSBALA
Summary of Global Financial and Political Developments 02.12.24Summary of Global Financial and Political Developments (December 2, 2024): Federal Reserve and Monetary Policy: - Potential Interest Rate Cuts: - John Williams (New York Fed President) indicated that monetary policy remains restrictive and future actions depend on incoming data. He expects inflation to decrease to 2% and anticipates U.S. GDP growth around 2.5% in 2024. - Christopher Waller (Fed Governor) expressed support for a rate cut in December due to concerns about inflation stalling above 2%. He noted that the labor market is balanced. - Raphael Bostic (Atlanta Fed President) stated that the economy is on solid footing and is open-minded about upcoming policy decisions, acknowledging uncertainties in the labor market. Market Movements: - U.S. Stock Markets: - The S&P 500 closed at its 54th record high this year, driven by technology stocks like Tesla and Apple. - The Nasdaq 100 rose over 1%. - Treasury Yields: - The 10-year U.S. Treasury yield increased to 4.22% as traders anticipated a potential rate cut. - Currency Markets: - The U.S. dollar strengthened against the euro and yen amid political uncertainties in Europe and expectations of U.S. rate cuts. - Commodity Prices: - Crude oil prices fluctuated due to OPEC uncertainty and a stronger dollar, with WTI crude settling at $68.10 per barrel. OPEC and Oil Production: - OPEC+ sources indicated that the group is likely to extend oil output cuts until the end of the first quarter of 2025. - Iraq halted operations at the Basra oil refinery due to overloaded fuel oil storage tanks. - OPEC crude output rose by 120,000 barrels per day to 27.02 million barrels per day in November. Political Developments: - France: - Prime Minister Michel Barnier faced potential no-confidence votes over the government's budget proposal. - The far-right National Rally party, led by Marine Le Pen, threatened to oppose the budget. - The government made concessions by agreeing to scrap plans to reduce medication reimbursements. - French bond yields rose, with the 10-year yield briefly trading above Greece's for the first time. - The CAC 40 stock index dropped by 1.1% in early trading due to political uncertainties. - United Kingdom: - Prime Minister Starmer named Sir Chris Wormald as the new cabinet secretary and head of the civil service. - South Africa: - Clarified that BRICS has no plans to create a new currency, responding to threats of tariffs from Donald Trump. Geopolitical Tensions: - Middle East: - Israel attacked targets in Lebanon after Hezbollah launched missiles toward Israeli territory, violating the ceasefire. - Former U.S. President Donald Trump warned of severe consequences in the Middle East if Gaza hostages are not released before January 20. - Pro-Iranian Shi'ite militias entered Syria from Iraq to support government forces against rebels. - Syrian and Russian air forces conducted strikes on rebel-held positions. -U.S.-China Relations: - The U.S. tightened export controls on AI memory and semiconductor tools to China to curb technological advancements. - China's Commerce Ministry condemned the U.S. measures as economic coercion. - The Chinese yuan weakened to its lowest level since July. Economic Data Releases: - United States: - ISM Manufacturing PMI for November rose to 48.4, still indicating contraction. - Construction spending increased by 0.4% in October. - Eurozone: - Manufacturing PMI remained in contraction at 45.2 in November. - Unemployment rate held steady at 6.3% in October. - China: - Caixin Manufacturing PMI increased to 51.5 in November, signaling expansion. - Australia: - Retail sales grew by 0.6% month-over-month in October, surpassing forecasts. - Building approvals increased by 4.2% in October. - Canada: - Manufacturing PMI rose to 52.0 from 51.1, indicating improved manufacturing activity. European Central Bank (ECB) Actions: - ECB officials indicated that further rate cuts are likely in December due to persistent inflation concerns. - Olli Rehn and Yannis Stournaras suggested that rate cuts may continue. - Martin Kazaks mentioned that the ECB might discuss a larger rate cut but acknowledged high uncertainty. - ECB's Philip Lane projected that inflation would reach a sustainable 2% in 2025 and noted that monetary policy remains restrictive. Other Notable Events: - Donald Trump nominated Warren Stephens as U.S. Ambassador to the UK. - The Crypto Fear and Greed Index reached 80 out of 100, indicating extreme greed among investors. - China's President Xi Jinping called for the promotion of the Belt and Road Initiative. - China's central bank (PBOC) signaled plans to continue an accommodative monetary policy and reduce financing costs for enterprises and residents. - Japan's government bond market dysfunction eased, according to a Bank of Japan survey. Conclusion: - Global markets are experiencing volatility due to a mix of monetary policy signals, geopolitical tensions, and political uncertainties. - Anticipation of rate cuts by the Federal Reserve and the European Central Bank is affecting bond yields and currency valuations. - Escalating tensions in the Middle East and ongoing U.S.-China trade disputes are contributing to market uncertainty. - Political developments in France are impacting European markets and the euro. - Mixed economic data across major economies highlight the uneven pace of global economic recovery. - Investors are closely monitoring these developments for potential impacts on global financial markets and economic growth prospects.
by InvestMate
7
EUR/USD Under Pressure!The EUR/USD exchange rate has recently declined, dropping below the 1.0500 support level. This movement was driven by renewed demand for the US dollar and political concerns in France, where fears of a potential government collapse could hinder efforts to reduce the country's budget deficit. On the monetary policy front, the Federal Reserve (Fed) recently cut interest rates by 25 basis points, bringing them to 4.75%-5.00%, aiming to bring inflation closer to its 2% target. However, Fed Chair Jerome Powell adopted a cautious tone, indicating that there is no urgent need for further cuts in the short term. Meanwhile, the European Central Bank (ECB) kept rates unchanged after its last cut in October, which brought the deposit rate to 3.25%. Despite this, inflation concerns persist, with wage growth in the Eurozone accelerating to 5.42% in the third quarter. President-elect Donald Trump’s trade policies add further uncertainty to the market. His recent demand for BRICS nations to refrain from developing or supporting new alternative currencies to the US dollar—under threat of 100% tariffs—has contributed to the dollar's strength. This stance could fuel inflation in the United States, potentially prompting the Fed to adopt a more aggressive approach, resulting in further strengthening of the dollar and additional pressure on the EUR/USD exchange rate.
Short
by Forex48_TradingAcademy
1
EURUSD 1D ShortEURUSD 📉 1D Short 💰ENTRY: 1.05000 👎STOP LOSS: 1.05973 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Monthly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. Daily Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
1
EUR/USD Analysis - Short Opportunity The EUR/USD pair has reached a weak high near 1.0598, suggesting potential exhaustion of bullish momentum. Key levels and patterns indicate a possible short setup: Change of Character (ChoCH): Signs of a shift in market structure to the downside, as seen in recent rejections. Bearish Order Block: Price is testing a supply zone, aligning with a short-term bearish bias. Liquidity Zones: The area near 1.0547 and 1.0530 offers targets for a potential downward move, as these zones may attract price action. Risk Zone: Stop-loss placement above the weak high around 1.0598 to protect against unexpected bullish continuation. Plan: Consider shorting at current levels or on a slight pullback, targeting the lower zones (1.0547, 1.0530). Ensure tight risk management to navigate potential volatility. Let me know if you have any questions!
Short
by Charts_M7M
2
Powell and jobs: The week ahead Federal Reserve Chair Jerome Powell’s speech will be a key event this week. Three weeks ago, Powell was grilled about the economic implications of former President Trump's potential return to office, following the Fed's interest rate decision. A continuation of these discussions is expected on Wednesday. Federal Reserve Bank of Atlanta President Raphael Bostic wrote in an essay released Monday that he’s undecided on whether a rate cut is needed this month, with upcoming data on jobs important in shaping the decision. Rounding out the week, we also see the release of initial jobless claims data on Thursday and Non-Farm Payrolls on Friday.
by BlackBull_Markets