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U.S. DOLLAR / EURO REFERENCE RATE

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EURUSD Forming the new long-term Top.The EURUSD pair continues to trade within a Bullish Megaphone pattern and is about to complete today the 4th straight red 1D candle. This is technically a top formation as the 1D RSI went from overbought (above 70.00) to below 60.00. Technically a downtrend gets confirmed when the price breaks below the 1D MA50 (blue trend-line) so until it does, the probability for another short-term bounce there isn't small. This is what took place in September 2024. Once the 1D MA50 breaks though, we expect a test of Support 1 at 1.03650, as it happened on October 23 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURUSD Trading: Unveiling the Precise Strategy GuideAfter last week's decline, the euro against the US dollar started to recover at the beginning of this week and is currently trading within the positive range around 1.0850.​ According to the Wall Street Journal, the White House is adjusting its tariff policy set to take effect on April 2nd. It may cancel a series of tariffs targeting specific industries and instead impose reciprocal tariffs on countries with significant trade relations with the US. Affected by this news, during the European morning session, US stock index futures rose by 0.8% to 1.0%.​ On the 4 - hour chart in the European morning session on Monday, the Relative Strength Index (RSI) indicator climbed to 50, indicating that the recent bearish momentum has dissipated to some extent.​ In terms of the upward direction, the 50 - period Simple Moving Average (SMA) forms an interim resistance level at 1.0880, followed by 1.0900. If the euro - US dollar pair can firmly stand above this level, the next resistance level may be at 1.0950. EURUSD Trading Strategy: buy@1.08200-1.08500 tp:1.08900-1.09300 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Long
by JohnGonzalez7
EUR/USD Trend Today - Waiting for EUR and US PMIs🔔🔔🔔 EUR/USD news: 👉EUR/USD remains in positive territory near 1.0850 during the European session on Monday, rebounding from a three-day losing streak. Improving risk sentiment, driven by easing concerns over US reciprocal tariffs, has put pressure on the US Dollar and helped the pair stay firm despite mixed German PMI data. 👉The shift toward risk appetite has made it difficult for the US Dollar (USD) to extend last week’s gains, providing support for EUR/USD at the start of the week. 👉According to the Wall Street Journal, the White House is revising its tariff strategy set to take effect on April 2, potentially skipping industry-specific duties while imposing reciprocal tariffs on key US trading partners. Likewise, Bloomberg reports that President Donald Trump’s tariff measures are expected to be more precisely targeted than initially anticipated. Following these headlines, US stock futures rose between 0.8% and 1.0% during the European morning session. Personal analysis: 👉 The market’s reaction to the PMI data is likely to be brief and straightforward. Positive releases from Germany and/or the Eurozone could provide immediate support for the Euro. Conversely, if any of the key US PMI indices fall below 50, it could further weigh on the US Dollar. 👉Therefore, investors should keep an eye on the Economic Calendar, which will release the US PMI data on Monday afternoon. Plan: 🔆Price Zone Setup: 👉Sell EUR/USD news: 1.0900 – 1.0910 ❌SL: 1.0950| ✅TP: 1.0850 – 1.0805 1.0755 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Break or Bounce? EUR/USD OpportunityHi Traders! The price is in a descending channel and is testing the lower boundary. 🔹 Scenarios: Buy if it breaks above 1.0845, with a stop loss at 1.0790 and targets at 1.0870, 1.0900, and 1.0950. Sell if it breaks below 1.0780, with a stop loss at 1.0830 and targets at 1.0750, 1.0720, and 1.0700. 📊 RSI is in the oversold zone—a potential bounce is possible! Watch the price action closely. 📢 Stay updated with live market movements! 🔥 Smash that like button and show some energy! Let’s trade like pros! ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade at your own risk.
by FXOnTop
EUR/USD LONG 4H Hello, I am Forex Trader Andrea Russo, and today I want to share with you a strategy I have adopted for a position on EUR/USD. I will analyze the reasoning behind my choice and the setup I am using to maximize opportunities, minimizing risk. The trade setup I decided to enter EUR/USD with an entry level at 1.08483, setting a stop loss (SL) at 1.08095 and a take profit (TP) at 1.0944. This trade is based on a series of technical and fundamental factors that suggest a probable continuation of the upward movement. Technical analysis My decision is supported by some key technical signals: Uptrend: The EUR/USD cross has shown good recent strength, supported by a series of higher lows. Support at 1.08095: The SL level has been set below the main support to protect the trade from a potential reversal. Resistance at 1.0944: The TP was calculated based on a major resistance level that could serve as a target for a significant upside move. Fundamental Analysis From a fundamental perspective, there are several elements that are positively influencing EUR/USD: Divergent monetary policies: The prospect of more hawkish ECB policies versus the Fed is supporting the euro. Macroeconomic factors: Recent data on economic growth expectations in the eurozone provide a favorable backdrop for the cross to rise. Risk/reward ratio With a stop loss set at 1.08095 and a take profit at 1.0944, the risk/reward ratio of this trade is optimal, standing at around 1:2. This setup allows you to contain your risk and aim for a significant gain. Trade Management Once the position is opened, I will monitor the market movements and keep an eye on key indicators to assess any adjustments. If prices move quickly towards the TP, I may consider partially closing the position to protect profits. Conclusion This trade represents an interesting opportunity in a dynamic and variable market. Risk management remains the cornerstone of any winning strategy, and with a well-calculated setup like this, we aim to make the most of market conditions.
Long
by Andrea_Russo_SwipeUP
EURUSD- SHORTEUROUSD price action is confirming bearish momentum to the downside. if price closes below my key level, chances are itll continue to the down side , atleast to 1.07000 key level. News for USD came out negative and positive this morning with PMI being below 50 (49.8), weakening dollar but Flash service PMI came out positive for the dollar, (54.3) showing more strength than the negative news. Regardless, more news this week will serve as a confluence with our technical.
Short
by j0niiiperd0m0
EURO - Price can break support level and continue to move downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price reach and broke $1.0800 level and started to grow inside a rising channel pattern. It reached the resistance level, bounced down, made correction to support and then rose up once again. Euro touched $1.0920 level second time and turned around, after which exited from this rising channel. Then price dropped fast and formed falling channel, breaking through $1.0920 level and reaching $1.0800 level. After that it bounced up a little, but stayed inside the bearish channel without breaking resistance line. Now price moves between support and resistance, but in my mind it can decline to $1.0715 support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
10
SELL EURUSD *EUR/USD Sell Signal:* A potential selling opportunity has been identified in the EUR/USD pair, with a sell entry at 1.09154. This level has been identified as a strong resistance level, where sellers may enter the market and push prices lower. *Key Levels:* - *Sell Entry:* 1.09154 - *Target Levels:* 1.07502, 1.06209, 1.05309 - *Stop-Loss:* 1.11351 *Market Analysis:* The EUR/USD pair has been under pressure due to negative economic data from the Eurozone, including low inflation and weak growth. The pair's momentum indicators, including the RSI and MACD, are showing bearish signals, indicating a potential decline in prices. *News Points to Watch:* 1. *ECB Meeting:* The European Central Bank (ECB) is set to meet on Thursday, where it may discuss interest rates and monetary policy. A dovish tone from the ECB could further weaken the euro. 2. *US GDP Data:* The US GDP data is set to be released on Friday, which could impact the US dollar. A strong GDP reading could boost the dollar and put further pressure on the euro. 3. *Eurozone Inflation Data:* The Eurozone inflation data is set to be released on Friday, which could impact the euro. A low inflation reading could further weaken the euro. *Technical Analysis:* The EUR/USD pair has formed a bearish chart pattern, indicating a potential decline in prices. The pair's technical indicators, including the RSI and MACD, are showing bearish signals. *Trading Strategy:* Sellers may look to enter the market at the sell entry of 1.09154, with a stop-loss at 1.11351. The TP levels can be used to take profits, or to adjust the stop-loss to break-even. Keep remember the Travis with best wishes 👍
Short
by Expert_Travis
3
EU updateFor the days ahead, starting March 24, 2025, the direction of EUR/USD is likely to be downward. The fundamental drivers—monetary policy divergence—provide a robust case for continued USD strength and Euro weakness. The COT report’s indication of increased net-short positions by commercial traders supports this bearish trend. While the reduction in large speculators’ net-short exposure suggests possible short-term volatility or a bounce (e.g., if support at 1.0795/1.0800 holds), the lack of extreme positioning data and the overriding fundamental pressures indicate that any upside would be limited and temporary. Thus, the prevailing direction remains downward, consistent with the pair’s broader trend. Let's wait and see how the downward plays out
Short
by D_Virtual
Euro Insights: Prepare for Short Exposures in the Coming Week - Key Insights: The Euro is facing continued pressure against major currencies, particularly the US Dollar. Traders should consider short positions as the bearish trend shows persistence. Support levels may act as potential reversal points, but caution is advised given the geopolitical and economic dynamics in play. - Price Targets: With a short strategy in mind, consider setting targets and stops as follows: - Target 1 (T1): 1.0780 - Target 2 (T2): 1.0763 - Stop Level 1 (S1): 1.0855 - Stop Level 2 (S2): 1.0890 - Recent Performance: The Euro has recently demonstrated a bearish pattern, failing to maintain previous bullish momentum. Key support level tests are likely on the horizon, following a significant reversal from the 1.09281 resistance mark. This performance reflects an underwhelming trajectory against other currencies as well. - Expert Analysis: Analysts continue to advise caution with Euro longs, noting that the bearish momentum could sustain unless significant economic or geopolitical shifts occur. The consensus is to observe the EUR/USD pair closely, with any potential corrections providing speculative trading opportunities. - News Impact: European geopolitical dynamics, particularly defense spending and strategic engagements with China, are impacting market sentiment. These developments are reshaping supply chains and creating new economic conditions that could affect the Euro. Meanwhile, broader fiscal strategies are watched for potential effects on currency valuations.
Short
by CrowdWisdomTrading