EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This currency pair, after its recent decline, managed to break its downward trendline and move higher. It is now expected that the price will pull back to the broken trendline before resuming its upward movement, potentially reaching the specified resistance levels.
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EUR/USD Looks to Build on Gains Amid Trump's Emergency Declara..EUR/USD Looks to Build on Gains Amid Trump's Emergency Declaration
The EUR/USD currency pair concluded the previous week on a high note, defying the bearish trend that had been in full swing until the 1.0177 level. As the new trading week began, the market's momentum shifted in favor of the EUR, propelled by a strong bullish impulse that left the US Dollar (USD) reeling.
The opening salvo of the week saw the Greenback come under intense pressure, as investors grappled with the prospect of President Trump declaring a national emergency soon after taking office. The uncertainty surrounding this development has weighed heavily on the USD, allowing the EUR to gain traction and hold its ground.
From a technical perspective, market analysts are eyeing a potential correction of the trend, with a possible retracement target of 1.0500 on the horizon. This development could signal a significant shift in the market's dynamics, as investors reassess their positions and adjust to the changing landscape.
As the situation unfolds, one thing is certain: the EUR/USD pair will be closely watched in the coming days as market participants navigate the complex web of economic and political factors at play. Will the bullish momentum continue, or will the USD find its footing and push back against the EUR's gains? Only time will tell.
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Technical Analysis: EUR/USDFX:EURUSD
In the following technical analysis, I present the composition of the EUR/USD pair from early 2022 to today, providing a detailed explanation of the movements and support levels that have formed. This is intended to give you more insights and guidance for your trading decisions. Of course, always conduct your own research and analyze based on what you believe is most appropriate.
Below, I want to clarify some of the elements I personally use, which may help you better understand the chart:
• Solid horizontal lines indicate highly significant levels, such as key highs and lows.
• Dotted lines represent levels that are also highly important.
• Dashed lines highlight the bases or highs of candles that triggered significant movements. These often act as support or resistance in the medium to short term.
• Gray highlighted areas represent support or resistance zones, depending on their location.
• SOS stands for Start of Structure, referring to the start of a major move that led to a significant rise or drop, forming the foundation of support.
• Empty rectangles with highlighted borders FX:EURUSD signify pivot points, marking key highs and lows.
If you have any questions, feel free to share your thoughts!
EURUSD: First red day in a broken down marketHello everyone and welcome back to my channel, please do not forget to like and comment my work, it's very supporting for me!
Let's start saying that I'm not here to predict the market, my view is only about the setup I'm looking, predicting is 50/50, trading specific setups can be a 90/10 opportunity.
EURUSD is currently in a kind of template which I saw several times in the past, the is breaking down, sellers are controlling the market and potentially by Thursday and Friday we can see a weekly pump and dump completing.
But let's analyse the full week to have a better understanding of the logic behind this potential move.
The previous week the market has been breaking down every day, and Friday place the most recent high and burst into the low of week.
Monday was pretty much consolidating into the LOW, not really something that can be interesting.
Tuesday the market triggered breakout long traders and pumped back up into Friday HOD, stopping their short breakout.
Wednesday, until CPI release, the market consolidated at the high of the week, eventually trapping volume up high. CPI stopped hunt trade who were shorting, closing the day back inside the initial balance (high low range of the week), and especially as first red day!
What's my thesis?
My main scenario is a short one, trying to complete the dump phase in a weekly pump and dump scenario. Obviously, not necessary we can see a strong move back into the low of week, but it can also stop and consolidate above the opening range high (HOD of Monday).
How would I enter this market?
USD news are scheduled on calendar at 8:30am NYT, I will be watching for a buy low setup after news release, specifically I will be looking for reversal pattern into the HOD.
What about the long view?
Of course, as I said, predicting a move is just silly, predicting is just like gambling, a long move obviously can happen and I can be willing to take it a session scalp if the market drop vertically down into the yesterday LOD, consolidating into the level till I will get any reversal configuration (Buy low opportunity).
During the upcoming hours I will be updating this post!
Trade safe!
Gianni
EURUSD: short term buy on the 1H MA50 in order.EURUSD is neutral on its 1H technical outlook (RSI = 48.015, MACD = 0.001, ADX = 25.709) as it pulled back to its 1H MA50 today but managed to find enough support to bounce even though it crossed it. The pattern is a Channel Down, so the overall trend is bearish but this is its bullish wave and as long as the 1H MA50 holds, we can technically make one last High. Every rebound since the Channel Down bottomed on January 13th, has been of +1.00%. We are expecting another one, so place your targets accordingly (TP = 1.03500).
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EUR/USD Fibo Bounce into Resistance - CPI on DeckI posted about a Fibonacci level in-play on EUR/USD yesterday and that's since led to a spirited bounce.
Yesterday's daily bar finished as a dragonfly doji after catching a bounce from the 1.0200 level, and today that's been continuation with the pair testing above the 1.0300 level following this morning's release of PPI data.
Of course, this is just setting the stage for the big one with tomorrow's release of CPI, with headline expected to rise to 2.9% against last month's 2.7% reading.
For next resistance in the pair, I'm looking to 1.0333, and if tomorrow's CPI release comes out weak, I think that gives more push for USD pullbacks that could also show alongside strength in stocks. But in EUR/USD, that deeper retracement in DXY could allow for re-test of prior support-turned-resistance at 1.0453. - js
EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower:
Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
EUR/USD Pair: Market Sentiment Ahead of Employment ReportAs I draft this article during the London trading session, the EUR/USD currency pair is showing a bearish trend, hovering around the 1.0300 mark. The focus of the market later today will shift to the US Bureau of Labor Statistics, which is set to release its employment report for December. Analysts anticipate that Nonfarm Payrolls (NFP) will increase by 164,000, a decrease from November's impressive rise of 227,000. Additionally, the unemployment rate is expected to remain steady at 4.2%. Another point of interest will be the Average Hourly Earnings on a month-over-month basis, which currently forecasts a lower value compared to previous reports.
If the NFP figure surpasses 200,000, we could see a significant uptick in the US dollar as traders position themselves ahead of the weekend, potentially driving the EUR/USD lower. Conversely, if the NFP falls short of expectations with a reading below 150,000, we may witness a reversal in the dollar's strength, which could provide upward momentum for the EUR/USD pair. In the event that the NFP aligns closely with market predictions, the unemployment rate's fluctuation could play a critical role in determining the dollar's value; an unexpected rise in the unemployment rate may weaken the currency, while a drop could bolster it.
From a technical analysis standpoint, we maintain a bearish outlook on the Euro, and there is potential for us to reach our first take profit level today. Market participants will be keenly observing the data as it could significantly influence trading decisions in the hours ahead.
My previous Idea:
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EURUSD Buy signal on (4h)EURUSD is trading inside a Channel Down and is pulling back on the (4h) time frame after a double top near the MA200 (4h).
The crossing under the MA50 (4h) is following a pattern similar to December 2nd, which turns it now into a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.04500 (MA200 4h and under the +2.88% move that December did).
Tips:
1. The RSI (4h) is approaching the 40.00 level of the December 2nd bounce. Additional buy signal.
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EURUSD, swing of the year.FOREXCOM:EURUSD / 1D
Hello Traders, welcome back to another market breakdown.
EURUSD is showing strong bearish momentum after the dollar index DXY
broke above the 2 years range. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the middle of the range zone for a more strategic entry.
If the pullback holds and sell off confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Second resistance: Yearly lows.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
Euro vs. Dollar: A Wild Ride to 1.06 or a Slide to 1.00?
Evening Trading Family
The Euro and Dollar are in for a big adventure! If the Euro can jump over the big wall at 1.04, we might see it zoom up to 1.06, like scoring a high jump in track and field! But be careful, if it falls under 1.03, it's like tripping and tumbling down to 1.02 or even 1.00. After that, there might be a small bounce back up, but be ready because the Dollar could push it down again, like a game of tug-of-war where the Dollar's team is strong. It's going to be a thrilling ride!
If you found this post helpful like, boost and share I greatly appreciate it
Kris/Mindbloome Exchange
Trade What You See
EURUSD Short-term buying activity spotted.The EURUSD pair has been under heavy selling pressure for the whole December but despite the red candle, it closed last week on a long wick and opened today on a green note. The weekly closing managed to make it inside the 2-year Megaphone pattern.
At the same time, the 1W RSI is making a Double Bottom and that resembles the August 06 2018 candle, which was also a medium-term bottom after a multi-month decline. The rebound that followed peaked a little below the 1W MA50 (blue trend-line) and Resistance.
As a result, we are bullish on this pair, at least on the medium-term, targeting 1.0600 (just below the Resistance level).
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EUR/USD (SMC) concept+fib expansion!⭐EUR/USD has been in a strong downtrend, surpassing one of the last strongly confirmed supports, which makes me think that it will tend to retest this area from 1.03550, defying the continuation of the trend
⭐Before this retest of the support, my opinion is that it will go back down to the POI (point of interest) also called the strong demand zone
⭐Without much explanation in case the price does not test that POI I will automatically enter buy after confirmation that he will no longer retest that area
Inputs if retest POI: Inputs if doesn't retest POI:
Entry Price : 1.02650 Entry Price : 1.03200
Stop Loss: 1.02400 Stop Loss : 1.0300
Take Profit 1: 1.03100 Take Profit 1: 1.03100
Take Profit 2: 1.03550 Take Profit 2: 1.03550
Take Profit 3: 1.04000 (risky) Take Profit 3: 1.04000 (risky)
EURUSD: Still bearish long term. Don't buy a falling knife.EURUSD remains heavily bearish on its 1D technical outlook (RSI = 34.500, MACD = -0.006, ADX = 21.396) as the 1 month Channel Down remains intact. The current 4H rebound is the bullish wave of the Channel and technically once the 4H MA50 is hit, it will turn into a bearish opportunity again. We are waiting for that signal to sell towards the bottom of the Channel (TP = 1.0200).
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EUR/USD Started 2025 at Its Lowest Point in 25 MonthsEUR/USD Started 2025 at Its Lowest Point in 25 Months
According to the EUR/USD chart, on 2nd January, the first trading day of the year, the EUR/USD pair fell below the psychological level of 1.025, the lowest mark since November 2022.
There are few news events, and the EUR/USD rate decline may be attributed to:
→ The holiday period still affecting financial markets, reducing liquidity and creating vulnerabilities for volatility spikes;
→ Market participants potentially rebalancing their portfolios for the new calendar year;
→ Reassessing the strength of the dollar amid uncertainty about the actual steps of President-elect Trump, whose inauguration is scheduled for this month.
Meanwhile, technical analysis of the EUR/USD chart reveals that:
→ In 2024, price fluctuations formed a downward channel, with key pivot points marked by red circles. Notably, the previous holiday period led to the formation of the first of these points.
→ The bullish "Cup and Handle" pattern, which we discussed on 30th December, resulted in a false bullish breakout (indicated by an arrow). Seizing the bulls' failure, the bears pushed the price to the lower boundary of the mentioned channel.
The area where the lower boundary of the channel intersects the psychological level of 1.025 could serve as strong support. The recovery observed on the morning of 3rd January may confirm this.
The holiday period may lead to the formation of a new key pivot point on the EUR/USD chart, as has happened before.
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
EUR/USD: Is Parity (1.00) in Play?Chart Analysis:
The EUR/USD pair has extended its downtrend, decisively breaking below the critical support at 1.0340, which previously held as a major floor. The pair is now trading at 1.0265, hitting levels not seen in recent months.
1️⃣ Key Breakdown:
The breach below 1.0340 confirms a continuation of the bearish trend, with sellers firmly in control. This level may now act as resistance on any retracement.
2️⃣ Moving Averages:
50-day SMA (blue): Positioned at 1.0578, far above the current price, reinforcing bearish short-term momentum.
200-day SMA (red): At 1.0806, reflects the broader downtrend and significant distance from current levels.
3️⃣ Momentum Indicators:
RSI: At 29.46, firmly in oversold territory, which may lead to a short-term bounce or consolidation.
MACD: Deeply negative, confirming strong bearish momentum with no signs of reversal yet.
What to Watch:
Immediate support levels: The next downside target could be 1.0200 or even lower if bearish momentum persists.
Oversold RSI: While the RSI signals a potential pause, the trend remains firmly bearish until a reversal pattern emerges.
For bulls to regain control, a move back above 1.0340 and the 50-day SMA would be needed, which seems unlikely in the near term.
The EUR/USD remains under heavy selling pressure after breaking key support. Watch for further declines or a potential relief bounce from oversold conditions.
-MW
EURUSD Trade LogEURUSD TDV Trade Log – Swing Long Plan
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Trade Setup Overview:
- Instrument: EURUSD
- Entry Zone: 0.5 Monthly Fair Value Gap (FVG), which aligns with the Weekly FVG.
- Technical Confluences:
- Both the Monthly and Weekly FVG levels exhibit bullish signals.
- Weekly RSI is in oversold or "deep waters," indicating potential upward momentum.
- Risk Management:
- My personal risk: 4% (highly aggressive and not financial advice).
- Recommended risk: Adjust to your own risk tolerance—always prioritize capital preservation.
- Risk-Reward Ratio (RRR): 1:2
- Stop-Loss: Below the lower boundary of the FVG.
- Take-Profit: Double the distance of the stop-loss.
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Macro Analysis Supporting This Swing Long:
1. US Interest Rate Dynamics:
- Recent Federal Reserve projections have suggested higher-for-longer rates, leading to USD strength.
- However, the shock effect of these projections appears to be diminishing, signaling potential stabilization or reversal in USD strength.
- Market sentiment suggests that the economic impact of elevated rates may start weighing on the USD as growth prospects taper.
2. Eurozone Economic Factors:
- Despite economic struggles, the ECB has hinted at maintaining relatively tight policy, providing a degree of support for the EUR.
- Any positive surprise in Eurozone data could act as a catalyst for a EURUSD recovery.
3. Technical Alignment with Macro Themes:
- The confluence of the Monthly and Weekly FVGs signals robust technical support zones.
- Bullish signals from these levels align with the potential macroeconomic reversal in USD strength, creating a favorable environment for a swing long.
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Personal Notes:
This trade aligns with both the technical framework of my system and macroeconomic insights. The key is discipline—if the setup invalidates (e.g., price action breaks below critical levels), do not force the trade. Always stay within your risk parameters, and remember this is not financial advice.
Good luck and trade safely!
EURUSD: 4H MA50 crossing signals new rally.EURUSD is remains bearish on its 1D technical outlook (RSI = 41.523, MACD = -0.006, ADX = 15.575) but today it crossed and closed a 4H candle over the 4H MA50 for the first time since December 10th. Along with that, it crossed above the LH trend-line, thus technically invalidating the short term bearish trend. Given the recent December 18th double bottom on the S1 Zone, the pattern that prevails is a Rectangle, thus today's breakout is technically targeting the patterns top. Consequently our target is near the R1 Zone (TP = 1.0600).
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