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Euro / U.S. Dollar

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EURUSD trade ideas

EURUSD today The EURUSD pair remains under significant bearish control, consolidating just above the critical support level near 1.0527. Despite a slight recovery, the overall trend continues to favor sellers, with the recent pullback likely to face resistance around the 1.0775–1.0868 zone. Key Technical Insights: Downward Momentum: The pair has been unable to sustain any significant upward movement, with each rally being met by selling pressure, maintaining the dominant bearish structure. Resistance Levels: The 1.0775 and 1.0868 zones represent formidable barriers, with a rejection at these levels expected to reinforce the downward trend. Target Levels: A breakdown below 1.0527 could open the path toward the psychological level of 1.0500 and further extend losses toward 1.0300. Outlook: Traders should monitor any attempts to retest the resistance zones for potential sell opportunities. As long as EURUSD remains below 1.0775, the pair is likely to stay on its bearish trajectory.
by Veda_Solomon
Entry of the dayHey guys, this is my entry based on Order Blocks (OB), Fair Value Gaps (FVG), and liquidity. I entered this trade because there is a significant amount of liquidity to be captured on the downside, as well as an imbalance on the 8-hour timeframe that is likely to be filled. On the smaller timeframes, I took the entry after observing a liquidity sweep on the 1-minute chart, coupled with the FVG being filled on the 5-minute chart. Additionally, there were clear inducements to the downside, which leads me to believe this is a strong trade setup.
Short
by guizzxlindo
EURUSD ---> Correction is getting stronger. Next is 1.040CAPITALCOM:EURUSD testing a key support level after a free fall. Short sellers continue to resist, relying on key fundamental aspects of the global economy. The US Dollar strengthened following the release of last week’s Initial Jobless Claims data. Specifically: US Initial Jobless Claims fell to 213,000 for the week ending November 15th, down from 219,000 (revised from 217,000) in the previous week and below the forecast of 220,000. This development has sparked speculation that the Federal Reserve's pace of rate cuts may slow down. Attention now shifts to the Manufacturing and Services PMI from the Eurozone, Germany, and the United States... Technically, EURUSD confirms the descending trend channel, providing us with a primary trend to monitor in our trading decisions. From a technical perspective, gold is attempting to break out of its main range, breaching a key support level. If there is a false breakout around the 1.047 level, a minor correction toward resistance may form. However, with the price testing strong support, we may see a false breakout and a corrective move to the areas to watch at 1.048-1.049 (0.618 fib line) before the downtrend continues.
Short
by Bentradegold