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EURUSD trade ideas

#EURUSD - 08112024EURUSD made a perfect long as per plan given yesterday and it hit the price target, over a 100 pips higher, and it sold down 60 pips off the price target before recovering. Bearish sell down on Thursday followed by a recovery to my sell level yesterday. What's next? I see a possible move for EURUSD to 1.0733 and then we see the reaction off the level; either a higher low for a move higher or a break and a move lower (as per the plan given yesterday). In a way, the move yesterday could be seen as a pullback. And market did sell down after hitting the price target so IMO sellers are present and so could see a move lower first.
by FadeMeIfYouCan
EUR/USD Technical AnalysisFxNews —The EUR/USD currency pair stabilizes above the 100-period simple moving average and the 1.084 immediate support level. This occurs as Stochastic records show a reading of 82, indicating that the Euro is overpriced in the short term. Additionally, the Awesome Oscillator histogram is red, suggesting that the bear market is strengthening. Forecast From a technical perspective, the bullish outlook remains valid as long as the price holds above the 1.085 support level. In this scenario, the next target could be the 38.2% Fibonacci retracement level at 1.093. Please note that the bullish outlook should be considered invalid if the price dips below 1.084.
Long
by FxNews-me
Early Short entry EURUSDNice confluance at 200 EMA and 1.8000 level, gave a worning to sell the EUR, H1 gave us a power close for early entries. At the end off day if we get a nice power close from the sellers, my confidance rating will justify a short on EURUSD. Technical analysis is only conformational step to these positions. A breif description of key factors behind this Position. Recent macroeconomic trends and central bank policies support a bearish outlook on EUR/USD, with fundamental factors converging to strengthen the USD while weakening the EUR. 1. Divergent Central Bank Policies 2. Growth and Inflation Differentials 3. Geopolitical Risks 4. Market Sentiment and Positioning **Conclusion**: The EUR/USD pair appears primed for a short position based on strong USD fundamentals against Euro weakness. This trade capitalizes on the economic and policy divergence between the U.S. and Eurozone and the USD’s safe-haven appeal amidst uncertain global conditions.
Short
by JureBrumen
1
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"Best Practices for Using Demo Accounts" To ensure you maximize the benefits of a demo account, adopt the following strategies: Serious Approach Although no real money is at stake, treating the demo account with seriousness enhances realism and deepens the learning experience. Realistic Capital Allocation Even though demo accounts may offer unlimited capital, traders should simulate an amount similar to their intended live trading capital for a more accurate experience. Maintain Consistent Leverage Using the same leverage plan that you would apply during live trading ensures that your demo experience aligns closely with potential future outcomes. Gradual Transition to Live Trading Transitioning from a demo account to live trading should be done thoughtfully. Test your strategies extensively in the demo environment, simulating real trading amounts, to reduce the likelihood of mistakes once you start live trading. In conclusion... In summary, a demo account is a vital resource for both novice and experienced traders navigating the complexities of financial markets. For beginners, it provides a risk-free avenue to grasp market dynamics and develop essential trading techniques. For seasoned professionals, demo accounts are indispensable for strategy testing, evaluating automated tools, and enhancing both technical and psychological skills. While the ideal duration in a demo account varies from trader to trader, committing to three months is recommended for anyone serious about entering full-time trading. Day traders particularly stand to gain by practicing within a demo setting, allowing them to accelerate skill acquisition, prepare for snap decisions, and foster a robust sense of confidence. The structured environment of a demo account promotes the crafting of personalized trading strategies, the establishment of effective risk management practices, and the ability to adapt to real-world market conditions. Lastly I would like to add this previous lecture to this post, I'm sure will be useful for you... The Psychology Of Trading How To Manage Your Emotions and.. The Benefits of Keeping a Trading Journal for Your Psychology ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
1
EURUSD_116 2024.11.08 06:03:07 Trading Signal SELLFrankPro Signal for EURUSD_116 Type: Screen Signal: SELL TP: 1.07451 SL: 1.07901 Entry Price: 1.07826 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term (next few days):** * The price is expected to go down, with a potential test of the support area near 1.0685. * A break below 1.0704 could signal further declines to 1.0660 and 1.0645. * However, there is a possibility of a corrective advance, with a potential rebound from the lower border of the bearish channel and a rebound from the bullish trend line on the RSI. * The upside is capped by the 50-day Exponential Moving Average (EMA) at 1.0830, adding to the selling pressure. **Long-term (next few weeks/months):** * The overall trend is bearish, with the pair trading below a flat 100 Simple Moving Average (SMA) and a firmly bearish 20 SMA. * The ECB's cautious stance on monetary policy and weak German data suggest limited near-term support for the euro. * However, the analysis mentions a potential growth towards the area above 1.0925 following a rebound from the support area near 1.0685. * The impact of economic data and ECB policy on the pair's long-term trend is uncertain and will depend on future developments. In summary, the short-term outlook is bearish, with a potential test of the support area near 1.0685, while the long-term trend is also bearish, but with a possibility of a rebound and growth towards the area above 1.0925. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the EUR/USD pair: **Short-term (next few days/week):** The price is expected to **go down**. The technical outlook suggests further losses, with potential to revisit the June low of 1.0666 and possibly the 2024 low at 1.0600. The pair has broken below all its moving averages, and technical indicators are firmly bearish despite being in oversold territory. **Long-term (next quarter/12 months):** The price is expected to **stay the same** or **go up slightly**. Long-term forecasts indicate the EUR/USD could trade at 1.08 by the end of the quarter and around 1.06 in 12 months, according to Trading Economics' global macro models. This suggests that the current downward trend may be reversed in the long term, with the pair potentially rebounding from its current lows. Please note that these predictions are based on the analysis provided and are subject to change as new data and events become available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next 24-48 hours)** Based on the current market conditions and forecasts, I expect the EUR/USD price to **go down** in the short term. The bearish momentum, as indicated by the technical analysis, suggests that the pair may continue to decline, potentially testing support levels around 1.0665 and 1.0645. The strong US dollar sentiment, weak Eurozone economic data, and the upcoming Federal Reserve's decision on interest rates (expected to include a 0.25% rate cut) may further contribute to the downward pressure on the euro. **Long-term Analysis (Next week and beyond)** In the long term, the outlook for the EUR/USD pair is more uncertain. While the current bearish momentum may persist in the near term, there are potential upside risks that could lead to a rebound. If the pair holds above key support levels, some forecasts suggest a potential upward movement above 1.0925. Additionally, the impact of the US presidential election and the subsequent policy decisions may lead to a shift in market sentiment, potentially benefiting the euro. Therefore, in the long term, I expect the EUR/USD price to **stay the same** or potentially **go up**, depending on the outcome of the upcoming events and the overall market sentiment. Please note that these analyses are based on the available data and forecasts, and the actual market movements may differ. Result: ST=Down LT=Up
Short
by orbborisson
Trade 1: EUR/USD - SL HitThings that might went wrong technically: 1. The trade was entered when shorter EMA crossed under with longer EMA in 15min time frame, so the possible early entry and TP was compromised to intraday. EMA cross under was 15% early that the 15min EMA cross under, where the 5min time frame: - EMA crossed under after taking resistance in the range - Pulled back and took support of the EMA cross price level 2. Anticipated a larger move of 0.43%. However the maximum price moved was 14% from entry. If entered at pullback of EMA cross under, the potential TP would have been 28% maximum. Also the price took support at Medium HMA in 15min time frame. 3. While the trade touched SL exit; there was EMA cross over in 5min time frame. However, the SL was not touched, that might be because the medium HMA was still over shorter HMA, and the EMA crosses under again before shorter HMA crossed over medium HMA. However, in the 2nd EMA cross over, the HMA also crossed over and the price hit SL. Possible profit booking could have been: - breakeven - HMA crossed over - EMA cross over in 15min Time Frame
by MyWayofLookingThings
EURUSDThe EURUSD has the potential for a bearish swing on the fundamental side, as the euro is not doing well! The forthcoming US elections on Tuesday 5 November 2024 could help the euro fall ... On my chart I have identified two zones, my black line which would give me a bearish candle and my trendline if the price is brought to break it could make the price fall below a return to 1.06000. November will trigger a price expansion, but it remains to be seen in which direction!
Short
by MCY-TRADER-BTC_GOLD
EUR/USD: PAT + VPA 10/02/2024Good afternoon, Today, my focus will be on identifying long entries for a long position, as we appear to have reached a selling climax. On the 15-minute time frame, a robust demand zone is evident between 1.0300 and 1.0400. The market has made a significant move towards 1.0300, leaving indications of early buying activity from "Market Makers." A notable reversal occurred on October 1st, followed by the formation of a bullish wedge (which is typically a bearish pattern) that pushed the market below the previous low. Currently, we are beginning to form a triangle on the 15-minute chart, which serves as a critical signal for a potential market reversal, particularly since it has not managed to fill the liquidity above it. This downward movement seems designed to eliminate the remaining sellers and early buyers. Additionally, my strategy, "High Clear," has materialized, suggesting that a liquidity sweep of the recent low was anticipated. I am now monitoring the fourth leg of the triangle as it approaches the lower congestion line, preparing for a potential breakout with the fifth leg. It is important to note that if a sixth leg forms, it would indicate a continuation of the market trend. I suspect that the market is attempting to prompt traders to shift to short positions, setting the stage for one final significant rally towards 1.1300. I anticipate that the market could reach this level in the coming weeks, unless we observe the formation of a six-legged triangle. The Pip Assassin FX:EURUSD TVC:DXY XETR:DAX
Long
by ThePipAssassin
2
HelenP. I Euro will make small correction and continue move upHi folks today I'm prepared for you Euro analytics.A few days ago price entered to consolidation, where it at once reached the top part and then dropped to the 1.1040 level, which coincided with the bottom part of the flat with the resistance zone. Then EUR tried to grow, but failed and fell to the resistance zone, after which turned around and in a short time backed up to range. Later price rose to the top part of the consolidation again, where then it reached the trend line and then started to decline. Euro exited from consolidation, breaking the 1.1040 level, and continued to decline. In a short time later, the price fell to the support level, which coincided with the support zone. Soon, the price broke this level and some time traded between, after which rebounded up, breaking the 1.0810 level with the trend line. To this day, the price continues to grow, so, I expect that EURUSD will make the small correction and then continue to grow next. So, that's why I set my goal at 1.0975 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
EURUSD_118 2024.11.07 09:29:03 Trading Signal SELLFrankPro Signal for EURUSD_118 Type: Screen Signal: SELL TP: 1.07203 SL: 1.07679 Entry Price: 1.07611 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term (next few days):** * The price is expected to go down, with a potential test of the support area near 1.0685. * A break below 1.0704 could signal further declines to 1.0660 and 1.0645. * However, there is a possibility of a corrective advance, with a potential rebound from the lower border of the bearish channel and a rebound from the bullish trend line on the RSI. * The upside is capped by the 50-day Exponential Moving Average (EMA) at 1.0830, adding to the selling pressure. **Long-term (next few weeks/months):** * The overall trend is bearish, with the pair trading below a flat 100 Simple Moving Average (SMA) and a firmly bearish 20 SMA. * The ECB's cautious stance on monetary policy and weak German data suggest limited near-term support for the euro. * However, the analysis mentions a potential growth towards the area above 1.0925 following a rebound from the support area near 1.0685. * The impact of economic data and ECB policy on the pair's long-term trend is uncertain and will depend on future developments. In summary, the short-term outlook is bearish, with a potential test of the support area near 1.0685, while the long-term trend is also bearish, but with a possibility of a rebound and growth towards the area above 1.0925. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the EUR/USD pair: **Short-term (next few days/week):** The price is expected to **go down**. The technical outlook suggests further losses, with potential to revisit the June low of 1.0666 and possibly the 2024 low at 1.0600. The pair has broken below all its moving averages, and technical indicators are firmly bearish despite being in oversold territory. **Long-term (next quarter/12 months):** The price is expected to **stay the same** or **go up slightly**. Long-term forecasts indicate the EUR/USD could trade at 1.08 by the end of the quarter and around 1.06 in 12 months, according to Trading Economics' global macro models. This suggests that the current downward trend may be reversed in the long term, with the pair potentially rebounding from its current lows. Please note that these predictions are based on the analysis provided and are subject to change as new data and events become available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next 24-48 hours)** Based on the current market conditions and forecasts, I expect the EUR/USD price to **go down** in the short term. The bearish momentum, as indicated by the technical analysis, suggests that the pair may continue to decline, potentially testing support levels around 1.0665 and 1.0645. The strong US dollar sentiment, weak Eurozone economic data, and the upcoming Federal Reserve's decision on interest rates (expected to include a 0.25% rate cut) may further contribute to the downward pressure on the euro. **Long-term Analysis (Next week and beyond)** In the long term, the outlook for the EUR/USD pair is more uncertain. While the current bearish momentum may persist in the near term, there are potential upside risks that could lead to a rebound. If the pair holds above key support levels, some forecasts suggest a potential upward movement above 1.0925. Additionally, the impact of the US presidential election and the subsequent policy decisions may lead to a shift in market sentiment, potentially benefiting the euro. Therefore, in the long term, I expect the EUR/USD price to **stay the same** or potentially **go up**, depending on the outcome of the upcoming events and the overall market sentiment. Please note that these analyses are based on the available data and forecasts, and the actual market movements may differ. Result: ST=Down LT=Up
Short
by frankiepro
Dollar's Resilience: EU, GU and AU Levels to Watch!The US dollar continues its impressive rally, demonstrating resilience amidst global uncertainty. This analysis dives into the key levels and upcoming catalysts that could shape the dollar's trajectory in the week ahead. Technical Confirmation of Bullish Momentum The dollar's uptrend is clear, not just from the economic data, but also from the charts. The US Dollar Index (DXY) has broken through key resistance levels, signaling further upside potential. The clean breakouts and strong momentum observed on various timeframes reinforce the bullish outlook for the dollar. The US Dollar Index (DXY) is currently hovering around the recently surpassed 104.00 level, establishing a trading range in anticipation of a crucial week filled with significant data releases and economic events. A breakout from this range, coupled with a break of the immediate resistance at 105.00, could ignite a powerful bullish trend for the dollar. Key Economic Events to Watch This week is packed with important economic news that could affect the dollar. Here's what to keep an eye on: • FOMC Interest Rate Decision: The Fed is expected to cut rates by 25 basis points, but the market will be focusing on their forward guidance and any surprises. • Bank of England (BOE) Interest Rate Decision: With inflation cooling in the UK, a rate cut is anticipated. However, the market will be watching for clues about the BOE's future policy path. • Reserve Bank of Australia (RBA) Monetary Policy Meeting: No change in policy is expected, but the market will be looking for any shifts in the RBA's tone and possible dovish commentaries. What Does This Mean for Traders? The dollar's strength is a major force in the forex market. By keeping an eye on these economic events and understanding the technical picture, traders can identify potential opportunities. Key Levels for Major Pairs: EUR/USD: The EURUSD pair recently tested the 1.0900 level, and traders are now anticipating the next move. A decisive break above this level could propel the pair towards 1.1000. Conversely, a bounce off 1.0900 may signal a potential return to October's low of 1.0800. GBP/USD: GBP/USD is showing vulnerability. Should the Bank of England (BOE) adopt a dovish stance, the GBPUSD pair is likely to retreat to the 1.285 level, with a significant possibility of breaking below this support. AUD/USD: Despite opening the week above 0.6600, the AUDUSD pair faces strong bearish pressure, suggesting a likely continuation of the downward trend. A break below the minor support at 0.6550 could pave the way for a decline towards 0.6500. Engage with us! Share your thoughts on the dollar's outlook in the comments below. Follow our profile for more fundamental and technical analysis updates.
by E8Markets
1