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Longeurusd

EUR/USD heading up - Europes time to shine!Looks like it's the Euro time to rally. With an unstable presidency and erratic party with America, it seems like Europe is finding it's feet and there is upside to come for it's currency. Here are five reasons why and then we'll get into the technicals. 🇩🇪 German Stimulus Boosts Euro Germany’s €500B spending plan lifts euro confidence. 📉 Weak U.S. Data Hurts Dollar Poor U.S. data and uncertainty weigh on the greenback. 📈 Euro's Rally Momentum EUR/USD sees strongest rally since 2015. 🏦 ECB Signals Fewer Cuts ECB hints at fewer rate cuts, supporting euro strength. 🌍 Trade Tensions Easing Tariff delays reduce USD demand, favoring the euro. Let's look at the technicals Inv Head and SHoulders Price 20 and 200 MA Target 1.1610 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Timonrosso
EUR/USD Trend Today - Testing 1.1000?🔔🔔🔔 EUR/USD news: 👉The EUR/USD pair rebounds from the 1.0900 level during the European session on Tuesday. Market optimism surrounding the German vote on the fiscal plan and discussions between Trump and Putin counterbalance rising tensions in the Middle East and global trade, leading to a weaker US Dollar and supporting the currency pair. 👉While the Euro (EUR) faces pressure from additional tariffs imposed by US President Donald Trump on European Union goods, the US Dollar (USD) remains under pressure due to growing concerns over an economic slowdown in the United States. Additionally, hopes for a German fiscal agreement may help limit the pair’s downside. Personal opinion: 👉The daily momentum is bullish but shows signs of slowing while the RSI shows signs of falling from overbought conditions. 👉In addition, the DXY entered oversold territory and slowed at support, so a rebound for the DXY is likely. 👉However, EUR/USD main trend today will be uptrend, watch for price to decrease to buy at a good price for you Analysis: 👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy EUR/USD 1.0925 - 1.0910 ❌SL: 1.0890 | ✅TP: 1.0960 - 1.1010 - 1.1050 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
EUR/USDd trend in European and American sessions today🔔🔔🔔 EUR/USD news: 👉The EUR/USD pair remains range-bound as the US Dollar stabilizes ahead of the Federal Reserve’s monetary policy meeting. The Euro (EUR) holds steady after German leaders, including the Greens led by Franziska Brantner, agreed to establish a 500 billion Euro infrastructure fund and implement significant changes to borrowing regulations, particularly the 'debt brake,' which is set for approval in the lower house of Parliament on Tuesday. 👉Market participants anticipate that Germany’s decision to increase defense spending through a historic adjustment of the debt brake will stimulate economic growth. Personal opinion: 👉The EUR/USD pair remains in long-term uptrend. Recent weak US economic data, especially CPI and PPI, have raised concerns about a US recession. This has weakened the Dollar significantly. Analysis: 👉Based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy EUR/USD 1.0870- 1.0880 ❌SL: 1.0840| ✅TP: 1.0920 – 1.0950 – 1.0990 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
2
EUR/USD Trend Today - Further Upward?🔔🔔🔔 EUR/USD news: 👉The EUR/USD pair began the week on a positive trajectory, trading around 1.0860 during Monday’s Asian session. This upward movement is primarily driven by growing concerns over a potential slowdown in the US economy. On Sunday, San Francisco Fed President Mary Daly noted that increasing uncertainty among businesses could weaken demand in the US economy, though she does not see this as a reason to adjust interest rates. 👉On Friday, data from the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls (NFP) rose by 151,000 in February, missing the forecasted 160,000. Additionally, January’s job growth was revised down to 125,000 from the initially reported 143,000. The weaker-than-expected labor market data may put pressure on the US Dollar (USD), offering support to the EUR/USD pair. Personal opinion: 👉In the long term, the momentum for EUR/USD is still bullish. However, technically in most time frames, RSI signals that EUR/USD is entering the overbought zone and showing signs of divergence. This signals a short-term correction Resistance zone: 1.0885 1.0936 Support zone: 1.0770 1.0720 Analysis: 👉Based on important resistance - support levels combined with standard pivot points to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy EUR/USD 1.0770 - 1.0760 ❌SL: 1.0730 | ✅TP: 1.0830 – 1.0880 – 1.0930 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
EUR/USD Trend Today Trading Day🔔🔔🔔EUR/USD news: 👉Trump confirmed that tariffs on Canada and Mexico will take effect starting Tuesday and revealed plans to double the 10% universal tariff on Chinese imports. This move increases the likelihood of a global trade war, boosting demand for gold as a safe-haven asset. 👉Meanwhile, traders continue to anticipate that the Federal Reserve (Fed) will implement two quarter-point interest rate cuts by the end of the year due to weakening consumer sentiment. As a result, the US Dollar (USD) struggles to extend its three-day rebound from a more than two-month low. 👉At the same time, the Euro (EUR) strengthens as Europe intensifies its diplomatic efforts to achieve peace in Ukraine. This puts additional pressure on the USD while further supporting gold prices, which are denominated in US Dollars. Personal opinion: 👉At the time of writing, EUR/USD is priced at 1.0400. It is expected that there will be a slight recovery because the RSI (1H) indicator is in the sell zone and will bounce at 1.0360 to maintain the medium-term uptrend. Analysis: 👉Based on important resistance - support levels combined with trend lines to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy EUR/USD 1.0365 – 1.0355 ❌SL: 1.0310 | ✅TP: 1.0410 – 1.0450 – 1.0490 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
EUR/USD Trend Today - Further Upward?🔔🔔🔔EUR/USD news: 👉President Trump has imposed tariffs of 25% on North American trade partners and an additional 10% on China in response to the influx of fentanyl into the US. Speaking to reporters on Monday, he stated, “There’s no room left for Mexico or Canada,” and confirmed that the tariffs would take effect the following day. 👉In response, China has announced retaliatory tariffs on various US agricultural imports, set to take effect on March 10. The escalating trade restrictions between the US, China, and neighboring countries have fueled concerns about a global trade war, posing risks to the global economic outlook. 👉Investors anticipate that Trump’s tariff policies will contribute to inflation in the US economy, as importers are likely to pass higher costs onto consumers. 👉Meanwhile, The Euro is benefiting from Europe’s diplomatic efforts to end the three-year-long war in Ukraine, with leaders, including Ukrainian President Volodymyr Zelenskyy, working on a peace plan. Optimism over a potential truce between Russia and Ukraine has strengthened the Euro’s appeal, as it is expected to restore stability in the Eurozone’s supply chain. Personal opinion: 👉EUR/USD continues to rise today as news about the trade war makes investors worried 👉Technically, RSI (1H) is entering the extreme zone, need to consider the possibility of a reversal Analysis: 👉Based on important resistance - support levels and Fibonacci levels combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0460 – 1.0480 ❌SL: 1.0425 | ✅TP: 1.0520 – 1.0550 – 1.0600 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
EURUSD Trend in European and US SessionsEUR/USD news: 🔆Weakening U.S. economic data weighed on the U.S. dollar, as the Conference Board’s consumer confidence index dropped by 7 points in February to 98.3, marking its third consecutive decline, according to Tuesday’s data release. 🔆Meanwhile, Richmond Federal Reserve President Thomas Barkin projected another decrease in Personal Consumption Expenditure (PCE) inflation later this week, acknowledging the Fed’s progress in curbing inflation. Despite his positive outlook, Barkin stressed the importance of a cautious "wait and see" approach due to ongoing policy uncertainties. 🔆The EUR/USD pair strengthened as the Euro found support from rising optimism over potential fiscal expansion in Germany. Reports suggest that the country is considering a €200 billion emergency defense fund, fueling investor confidence. 🔆Additionally, Frederich Merz, leader of the Christian Democratic Union (CDU) and Germany’s incoming chancellor, has not dismissed the possibility of modifying the debt brake to finance crucial initiatives such as tax cuts, reduced energy costs, and increased military spending, further boosting sentiment around the Euro. Personal opinion: 🔆EUR/USD is still maintaining its upward momentum based on good news from Europe. There will be a slight pullback due to the increase in the US 10-year bond yield but this is an opportunity to buy at a cheaper price than the market Analysis: Based on important resistance - support zones and Fibonacci levels combined with SMA50 to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy EURUSD 1.0470 – 1.0450 ❌SL: 1.0420 | ✅TP: 1.0520 – 1.0560 – 1.0600 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
3
EUR/USD Trend and Trading Strategy for the Beginning of the WeekEUR/USD news: 🔆The EUR/USD pair gains positive momentum at the start of the new week, reaching a near one-month high around the 1.0525-1.0530 range during the Asian session, driven by renewed selling pressure on the US dollar (USD). 🔆Heading into the weekend, the USD struggled following weaker-than-expected economic data, including the final Michigan Confidence Index, Home Sales, and the US S&P Services PMI, which recorded its first contraction in 25 months. 🔆Additionally, the conservative party’s victory in the German election strengthens the euro, providing further support to the pair. Personal opinion: 🔆EUR/USD will continue to increase due to positive news from the EU. And the weakness of the USD is inevitable when the uncertainties about tariffs and the instability of the US federal bureaucracy are still complicated Technical analysis: 🔆Based on important resistance - support and Fibonacci levels combined with trend lines to come up with a reasonable strategy Plan: 🔆 Price Zone Setup: 👉Buy EUR/USD 1.050x– 1.048x ❌SL: 1.0430 | ✅TP: 1.0550– 1.0600 – 1.0650 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
EUR/USD Trend During US Trading Session – Down Then UpEUR/USD news: 🔆EUR/USD remains under pressure near the 1.0500 mark in early European trading on Friday, weighed down by a broad recovery in the US Dollar. Traders are adopting a cautious approach, avoiding new positions on the pair ahead of the release of preliminary PMI reports for both the Eurozone and the US. 🔆Later in the day, S&P Global will release the US Manufacturing and Services PMI data. If the Services PMI surpasses the market forecast of 53, the USD could gain further strength in response. 🔆Additionally, Germany is preparing for its general election to the Bundestag, the lower house of parliament, on February 23. As a result, investors may look to secure profits toward the end of the European session, potentially pushing EUR/USD lower. Personal opinion: 🔆EUR/USD pair will have a pullback after touching the trend line (4H), besides the market will wait for US PMI so there will be little further breakout. Technical analysis: 🔆Based on resistance - support zones and important Fibonacci levels combined with trend lines to come up with a suitable strategy. Plan: 🔆 Price Zone Setup: 👉Sell EUR/USD 1.0490 – 1.0510 ❌SL: 1.0560 | ✅TP: 1.0450– 1.0400 – 1.0334 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Next Direction of EURUSD This WeekEUR/USD News: 🔆The US Dollar (USD) fluctuated in response to shifting market sentiment, initially rising on risk-aversion as US President Donald Trump signaled a new wave of tariffs before the market opened. On Tuesday, the White House implemented a 25% tariff on all steel and aluminum imports into the US, with no exemptions. 🔆This sparked concern across the FX market, boosting demand for the safe-haven Greenback. However, the USD's strength was short-lived as weaker US economic data and positive news headlines led to its decline against other currencies. 🔆Moreover, the lack of specifics and the postponement of the new tariffs maintained a positive outlook in financial markets, allowing EUR/USD to reach new highs. Meanwhile, Federal Reserve Chairman Jerome Powell reiterated the Fed's hawkish stance, while European Central Bank officials indicated the possibility of further rate cuts in the coming months. 🔆To end the week, the US reported a 0.9% drop in January Retail Sales, significantly worse than the expected -0.1%. Conversely, December's figure was revised upward to 0.7% from the initial estimate of 0.4%. This disappointing report added more pressure on the USD. Personal opinion: 🔆EURUSD will continue to increase gradually until there is a new fluctuation from the Fed and BOE's key list. And it is important to prioritize reviewing President Trump's tax policy to be able to grasp the market. Technical: 🔆Based on basic information about the US economy and tax policy with other countries 🔆Based on trend lines and lake support - Resistance to come up with suitable strategies Plan: 🔆Price Zone Setup: 👉Sell EURUSD 1.0600 – 1.0615 ❌SL: 1.0660 | ✅TP: 1.0550 – 1.0500– 1.0440 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
EUR/USD ! 10/29/24 ! move in trend, recoveryEUR/ USD trend forecast October 29, 2024 EUR/USD pulls back from recent gains, trading near 1.0810 in early Asian hours on Tuesday. The pair retests the upper edge of the descending channel, potentially signaling a bearish trend. The 14-day RSI hovers just above 30; a dip below would indicate oversold conditions, hinting at a possible upward correction soon. Gold price moves within 2 H1 downtrend bands - waiting to touch the lower trend and recover /// BUY USDJPY : zone 1.07950 - 1.07750 SL: 1.07450 TP: 60 - 100 - 250 pips (1.10250) Safe and profitable trading
Long
by Moon-ForexAcademy
5
EUR/USD Buy Trade IdeaThe EUR/USD pair appears to be on a bullish trajectory, presenting an opportunity for a buy entry based on technical analysis indicators. Analysis: Key Support Level has formed around 1.076, indicating strong demand for the Euro against the U.S. Dollar. Technical Indicators such as moving averages and RSI confirm bullish momentum. Recent Break of Downtrend Line suggests a potential continuation of the upward trend. Important Note: Always consider risk management and be prepared to adjust the strategy in case of unexpected volatility.
Long
by mohammad_alavi
2
EUR/USD: Post-NFP Volatility – Long Setup After Weak EmploymentFollowing the release of key U.S. economic data, including the Non-Farm Payroll (NFP) and Unemployment Rate, we see a significant spike in volatility for EUR/USD. The NFP came in lower than expected at 142K vs. 164K forecasted, which typically weakens the USD. However, the market’s initial reaction suggests a potential retracement or continuation of the bearish move, providing a possible long opportunity on the 15-minute chart. • Non-Farm Payrolls (NFP): The U.S. economy added 142K jobs in the latest report, missing the expected 164K. This is a bearish signal for the USD, as it suggests slower economic growth. • Unemployment Rate: The unemployment rate rose slightly to 4.2% from the previous 4.3%. This marginal improvement adds mixed signals to the market. • Average Hourly Earnings: A positive note comes from the average hourly earnings, which increased by 0.4%, suggesting some wage inflation. Despite the weaker NFP, the initial reaction in EUR/USD indicates a potential continuation of the downward momentum as traders might be focusing on other factors like broader market sentiment or upcoming FOMC speeches. Trade Setup: • Entry: Enter a long position at the current market price near the 1.1083 level. • Stop-Loss: Place the stop-loss slightly above the recent high around 1.1062 to account for any possible retracement. • Take-Profit: Target the next support level near 1.1140, where price action has previously found selers. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Long
by AR33_
4
LONG EURUSDLONG EURUSD First idea published. Don't execute on this. Friday-Monday AM - correction from previous week impulse leg Sunday NY PM Session 13:00 sharp - correction reaching into HTF (H4) order block from previous week - potential low of the week formed Tuesday London Session - impulse leg - leaving previous day high and candyland intact - liquidity at candy land = multiple rejections at that level + FVG - liquidity at double top, additional liquidity just above candyland) Trade Idea - Tuesday NY 8:30 correcting in discount territory of london impulse leg - Tuesday NY 9:30 reaching for new highs Short-Term Trade Entry (until end of week) BUY LIMIT 1.09470 GSL 1.09197 TP1 + BE 1.09979 TP2 1.10730 TP3 1.11831
Long
by consciousLizar69776