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EURUSD trade ideas

Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis: ================ A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips. The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past). Fundamental Analysis: =================== 1) Santa Clause Rally : For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR 2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction. Note: A trade idea I post here is also my trading journal.
Long
by spranav
1
Bearish drop?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.0543 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.0589 Why we like it: There is a pullback resistance level. Take profit: 1.0470 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURUSD: Possible Breakout of Downtrend Line?On the 1-hour chart for EUR/USD, the price is currently testing a descending trendline that has served as dynamic resistance over the past few days. After bouncing off a support level around 1.0453, the pair displays signs of strength and is nearing a crucial decision-making zone. The horizontal resistance at 1.0490 aligns with the trendline, and breaking through this area could signal a potential short-term bullish reversal. A potential buying opportunity may arise if EUR/USD successfully breaks above the downtrend line and subsequently retests the broken level, which could act as support. Expected Pattern : Breakout followed by Pullback. Buy Scenario : Confirmation: A breakout above 1.0490 with a strong close, followed by a pullback to retest this level as support. Entry Point: During the pullback, near the 1.0490 area (previous resistance potentially turning into support). Stop Loss: Set below 1.0475 to protect against false breakouts. Primary Target (TP1): 1.0560, a horizontal resistance (approximately 70 pips gain). Secondary Target (TP2): 1.0600, a psychological level and key resistance (approximately 110 pips gain). Alternative Scenario: Bearish Continuation If the price fails to surpass the 1.0490 resistance and drops below 1.0475, a retest of the support at 1.0450 is probable. Possible Sell : Close below 1.0453, targeting 1.0430 or lower. In Summary The primary scenario indicates a bullish outlook if EUR/USD breaks and holds above 1.0490, with potential targets at 1.0560 and 1.0600. However, traders should keep an eye on price behavior at the resistance level, as a rejection may trigger renewed selling pressure. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
1
EU slowly going downHi traders, Last week EU did exactly what I've said in my outlook. After a small correction up it began to drop slowly. This could be a leading diagonal wave 1. So for next week we could see a correction up for wave 2 and another drop to finish wave 5 (black). Let's see what the market does and react. Trade idea: Wait for the small correction up to finish and a change in orderflow to bearish on a lower timeframe and trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
1
The USD Crash Thesis I think we're at a major point for USD. It's either about to make a strong bullish breakout or the failure of that implied a sharp down move in the dollar. I've been very bullish on the USD for a while and will be ultra bullish if the following breakouts can be made, but this is also the point where it's best to prep for the failure of the USD bull move - which would likely be a spectacular event. I first floated my USD bull thesis here in mid 2021 just as the bull run was starting. Near the end of it I pointed out the different pending reversal patterns. The first of these was complete. And since that time I've been mainly bullish on the USD. However, the alt forecast was this; If that is the move in play, we'd be very close to the USD reversal. EURUSD making a butterfly (wave 5) low off a two decade downtrend and heading into the C leg to correct that, would equal a crash in the USD. Mirroring the implied move of EURUSD in a C leg onto DXY it'd be suggesting to us that what we've really seen here is the formation of a left shoulder and we're heading into the head. Which would be a spectacular crash move. Alt ways to map this USD crash would be USDCHF would likely make a 1.61 extension low of the failed reversal. The USD bull action of late has been compelling but this has all happened inside of a zone where it would be common to have a bull trap if it was actually setting up a slam. Here's a post from the GBPUSD low. The rally has come up to a similar area where the chop zone was marked into the forecast. This was a 76 retracement and the retracement to the common resistance level was my main reason for getting back in as a USD bull here, fading the XXXUSD rallies. But a failure of these highs to hold would be a strong indication that the GBPUSD downtrend has failed. EURUSD has traded for 2 years in a range. Over the last month we poked out the bottom of that range. This is probably the breaking of the ranging period. It could be a simple break. The lower end of the range is broken and it's time for the USD to shine. Or, this could be the fake out before the upside break in EURUSD. Which would be a USD reversal building into a full blown crash leg is, or near to, imminent. ----- A 2 year range in EURUSD is very likely to set up a trend of not less than 6 months (Broadly speaking, there'll be shallow pullbacks). The odds of there being exceptional money to be made in the FX markets in the first half of 2025 look really high. Boom or bust, USD looks set to make an exceptional move. If we see it starting to weakening in the coming weeks, that could be a sign of it starting a mighty reversal. For the thesis of a C leg in EURUSD to be true, there has to be a crash in USD. C legs are always crash legs. For perspective, here's the EURUSD chart inverted. If that is coming, we'd have to be close to the start of it. Although there could still be a bit of fight in the USD bulls even if the turn is coming. The C leg coming into play in EURUSD would be the best Forex trading op I can think of. It'd be crazy easy to make money short the USD. Worth watch listing and being quick to act if the bearish breakout in EURUSD weekly chart fails.
Long
by holeyprofit
1
EURUSD could slump 280 pips following tomorrow's ECB meetingThe U.S. consumer price figures were not enough to trigger a slide in EURUSD, nor did they lead to a rebound. Instead, the market is trading sideways as we await tomorrow's ECB rate meeting. The ECB is expected to cut rates, with the possibility of signaling a 50-basis-point cut in upcoming meetings due to weak economic growth and inflation at target. From a technical standpoint, the price has formed an inverse head-and-shoulders pattern, which might fail. The pattern would invalidate and trigger if the price falls below the right shoulder, currently at 1.0462. If this level breaks, the price could drop by the same distance as the projected rise from the pattern, roughly 280 pips, targeting 1.0181. Trading in smaller chunks is advisable unless the market moves quickly toward the target. What's your view? Could this play out, or do you expect a false breakdown? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
EURUSD - Break of Bearish ChannelEURUSD has reversed from below support level several times and this is holding price very well. As far as the support is respected, we should see a Bullish move to above level. However a break of support will open lower level. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Long
by MarketsPOV
1
EURUSD Will Go Lower! Short! Here is our detailed technical review for EURUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.049. Considering the today's price action, probabilities will be high to see a movement to 1.032. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Trading Signal for EUR/USD for December 13-14. 2024According to the decline of 1.06316 we sought that EUR/USD will make some pool back on the support of 1.05338, or the second support which found at 1.04903. But that tow support failed to carry the price and pushing it back higher to break the resistance which found at 1.06316. But now has you can see that EUR/USD the pare is still in sell direction after the break of 1.04903 and we have a confidence that the break of the area of support can confirm that the price will continuing going lower EUR/USD has always moved within trend channels. So. we believe that there could be a technical correction below 1.04403. Thus, the price could reach the 1.03479 area. Technically, we expect a range of price movements between 1.03344 and 1.03957. Once again i want to remand you that the downtrend started three months ago and remains intact in the medium term. The movement that we have seen in recent weeks is a correction Therefore, we expect the correction to be completed, the price to consolidate below the line.
by CEO-PREMIUM-ANALYSIS