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EURUSD trade ideas

EURUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on EUR/USD with you. Based on the current market structure, EUR/USD appears to be gearing up for another bullish move with a target at 1.06011 . However, if EUR/USD breaks below the key level at 1.03721 in the 1-hour timeframe, I anticipate further downside movement, targeting 1.01978 as the first level and 1.00938 as the second level. 📈 Expectation: A potential bullish move towards 1.06011 unless the price breaks below 1.03721 , which could lead to a sell-off towards 1.01978–1.00938 . 💡 Key Levels to Watch: Resistance: 1.06011 Support: 1.03721 (key level), 1.01978–1.00938 💬 What’s your view on the EUR/USD this week? Share your thoughts in the comments below! Trade safe
by PouyanTradeFX
EURUSD H1 BULLISH TREND OPPORTUNITYOn our previous post on EURUSD, our analysis on daily time frame project a sell opportunity if price move upward towards the 1.0600 resistance level, (kindly check my profile if you'll like to see the analysis). On H1 timeframe price has been respecting an ascending trend channel and price is moving toward the 3rd retest which is our point of interest, if price successfully reject the 3rd retest then we could look forward to a buy opportunity towards the 1.0600 resistance level. If you support our analysis, kindly follow us for more.
Long
by FX-gee
BUY EURUSD H4 | FOREX BEEHey Traders, This EUR/USD H4 chart suggests a bullish scenario, with price action breaking key levels and retesting them for continuation. Here's the technical analysis: ### Observations: 1. Trend Analysis: - The price has broken above the descending trendline, signaling a shift from a bearish to a bullish bias. - The breakout has been followed by a successful retest within the green zone, confirming it as a support level. 2. Key Levels: - Support: The green zone around 1.0480-1.0500 has acted as a strong support after the breakout. - Resistance: The chart highlights a target near the 0.5 Fibonacci level at 1.0694. 3. Retest Zone: - The blue highlighted area indicates a retest of the broken trendline and horizontal support. This confluence area strengthens the bullish case. 4. Fibonacci Levels: - The 0.236 Fibonacci level (~1.0424) was successfully held, suggesting that the retracement is over and the upward momentum may resume. 5. Potential Movement**: - The price is expected to continue its bullish movement, as indicated by the blue arrows, with a primary target around 1.0694. --- ### My Thoughts: This chart looks bullish, with a strong base formed around 1.0480-1.0500. Watching for further confirmation through price action, such as higher highs and higher lows, would be wise. However, a break below the retest area could invalidate this setup and shift the bias.
Long
by forexbeesignals
EUR/USD:Potential 5-Wave Impulse & Early Signs of Trend ReversalThe EUR/USD pair has shown remarkable strength in recent weeks, rallying from its lows of 1.0178 and potentially completing a 5-wave impulse structure, as per Elliott Wave theory. This article explores the evidence of this potential trend and the early signs of a possible corrective Wave 2, which may set the stage for a Wave 3 rally. Wave Count Analysis: A 5-Wave Impulse from 1.0178 Elliott Wave theory posits that trends often unfold in a five-wave impulse structure during their primary movement. Here's a detailed breakdown of the EUR/USD move from the 1.0178 low: Wave 1: The initial thrust upward from 1.0178 to approximately 1.0353 was characterized by strong buying momentum, accompanied by rising volume—classic signs of the first wave of a new trend. Wave 2: A shallow pullback followed, retracing approximately 50% of Wave 1, stabilizing near the 1.0267 region, and respecting the Fibonacci retracement levels. Wave 3: The next leg upward, extending to around 1.0436, showed the hallmark of an extended third wave. This leg was defined by increased market participation, fundamental data supporting the euro, and sustained upward price action. Wave 4: A sideways consolidation pattern near 1.0438-1.0410 marked the fourth wave, presenting a corrective triangle pattern (a typical fourth wave pattern) that failed to break below key support levels. Wave 5: The final impulsive move carried EUR/USD to a recent high near 1.0521, completing the potential five-wave structure. The structure aligns well with Elliott Wave principles, as Wave 3 appears to have the strongest momentum (although it was not the longest), and the Wave 4 termination point did not overlap with the price territory of Wave 1. Signs of a Trend Reversal: The Infancy of a Corrective Wave 2 After reaching the highs around 1.0521, EUR/USD has shown signs of exhaustion, with bearish divergence forming on momentum indicators such as the RSI and MACD. These are early clues that the bullish impulse may be giving way to a corrective phase. Currently, EUR/USD appears to be in the early stages of a Wave 2 correction, and traders should watch for: Fibonacci Retracement Levels: Wave 2 corrections often retrace 50%-61.8% of Wave 1. Key support levels to monitor are 1.0349 (50% retracement) and 1.0308 (61.8% retracement). A healthy corrective move respecting these levels would reinforce the case for a Wave 3 rally. Although, Wave 2 concluding near 1.0250 (the 78.6% retracement) of Wave 1, a critical Fibonacci level often associated with deep corrections before trend resumption is also a common occurrence. Volume Analysis: Corrections are typically marked by declining volume, reflecting reduced market participation compared to the impulsive waves. Bullish Reversal Signals: Look for candlestick patterns, such as bullish engulfing candles or morning stars, near key Fibonacci levels as potential indications of a resumption of the uptrend. If the corrective Wave 2 confirms with a rebound near the aforementioned Fibonacci levels, EUR/USD could be gearing up for a powerful Wave 3 rally. Here’s what to watch: Wave 3 Target: Wave 3 is often the strongest and most extended wave, frequently reaching 1.618 times the length of Wave 1. Using Fibonacci extensions, the target for Wave 3 could be around 1.0800. Invalidation Level: If EUR/USD breaks below 1.0178 (the origin of Wave 1), the bullish impulse count would be invalidated, and an alternate corrective structure might be at play. Conclusion EUR/USD’s rally from 1.0178 to recent highs near 1.0522 exhibits the hallmarks of a 5-wave impulse structure. While early signs of a corrective Wave 2 are emerging, the upcoming price action near key Fibonacci retracement levels will be critical to confirm whether this is a mere pullback before a larger Wave 3 rally unfolds. Traders should remain patient and vigilant, watching for bullish signals at support levels and preparing for the next potential impulsive move. If confirmed, the third wave could bring EUR/USD to fresh highs, further solidifying the reversal from its long-term downtrend. Disclaimer: This article reflects an analysis based on Elliott Wave theory and is for educational purposes only. Always conduct your own research and use proper risk management when trading.
Long
by TheSignalService
EURUSD - JANUARY 27, 2025Right now, I’m expecting price to react from the 1.04699 zone, which is an important area on my chart. If price shows signs of bouncing from this level on the 5-minute chart, I’ll be looking for opportunities to go long (buy) targeting the Daily high. What Happens If Price Doesn't Hold? If price doesn't hold at 1.04699, I’ll shift my focus to looking for short (sell) opportunities down to the 1.04200 zone. This area is interesting because it lines up with several important technical factors: A 15-minute Breaker Block, which is a level where price has reacted before. A 15-minute Fair Value Gap (FVG), which represents an imbalance in the market. A 15-minute Order Block (OB), which is a strong area of interest for potential buyers. Key Things to Keep in Mind: Now, the 1.04200 zone also lines up with the daily low, which is at 1.04112. This means price might sweep below that level to grab liquidity before moving higher. If that happens, I’ll be watching the 1.04052 zone, where there’s a 5-minute Order Block that could act as strong support. If I see a bullish shift here, I’ll consider buying with an upside target at the daily high of 1.05211.
by Sjcosmas
EURUSD Will Move Higher! Long! Take a look at our analysis for EURUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.049. The above observations make me that the market will inevitably achieve 1.057 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURUSD 1D IDEAThis is the reason why we are so blindly short this pair while not looking at the HTF For the 1W timeframe, it completed 61.8% pullback of the closed above 50% Fib heading to 38.1% or might be higher to 26% But so far for the 1D TF, we can see will retest the fvg at 68.1% Pullback or even higher at 78% We keep looking at 1H to 4H target but don't see the high time frame Fib. This cause a lot of people losing the money. So trade wisely, this is my 1D target, CHOCH is also confirmed in the Daily chart, it will heading back to 1.80 right now or even higher at 1.10. However, if the price keep surpase 1.13, Week Fib will come into play Goodluck
Long
by JenniferForex
Major Multi-Year Low in for EURUSD?EURUSD has moved high enough to consider a major low in place. Wave C of (2) is an ending diagonal which means a swift rally may be looming nearby. Consider the Jan 13 low of 1.0177 as the end of wave (2)/(B) and a wave (3)/(C) rally has begun. This rally has upside targets at: 1.11-1.12 1.18 1.29 A print below 1.0258 is unexpected. Therefore, if EURUSD drops below 1.0258, then we'll need to reassess as that is not expected. Bottom line, this rally should be swift. Don't go crazy with leverage. Let the market do the work for you.
Long
by JWagnerFXTrader
EURUSD low-level upside breakout EUR/USD formed a clear downward channel in the past downward trend, and long-term bears dominated. The current price rebounded from the bottom of the channel and broke through the upper track of the downward channel, indicating that the trend has turned bullish. Below 1.0440 This is the main support position for the current short-term correction, supported by the rising trend line. 1.0350 This is an important low point (1.03451) within the downward channel, currently serving as a strong support area. Above 1.05 The price is testing this level, which is an important psychological barrier and recent high area. If the price breaks through 1.0500, it may further test 1.0550. In the short term, the price has formed a descending wedge breakout pattern, showing the potential for a bullish breakout. After the current breakthrough, there are signs of a retracement of the support line, which may provide bulls with further momentum for an upward move. After the current breakthrough of the downward channel, it indicates that bullish momentum has increased. In the future, we need to pay attention to the price performance in the 1.0500 area. If there is a large-volume breakthrough, the rebound may continue further. Overall, EUR/USD is currently in a state of long-short battle at key points, and tends to be bullish in the short term, but it is still necessary to observe the breakthrough of 1.0500 to confirm the continuation of the rise. It is recommended to combine technical analysis with fundamental factors to formulate a trading plan. Trading strategy The long strategy considers entering the market when the price retraces and stabilizes near 1.0440, with targets looking at 1.0500 and 1.0550, and the stop loss is set below 1.0400 to control risks. Short strategy If the price fails to effectively break through 1.0500 and a pullback signal appears, consider shorting near resistance, with a target of 1.0440 and a stop loss set above 1.0520. Risk warning: EUR/USD is highly sensitive to the Fed's interest rate decision and the ECB's policy, and it is necessary to pay attention to the economic data and policy direction released recently. If the price falls below 1.0440, it may lead to the destruction of the bullish trend, and the possibility of further pullback to 1.0350 increases.
Long
by RonPeter_Trading
EURUSD: First red day up high into the high of the weekHello everyone and welcome back to my profile. I don't typically share templates every day, because I'm trying to select best opportunities that can move fast during the further 1/2/3 days. Please do not forget to support my work with a like, and comment if you have similar or contrary opinions to understand as well your point of view. EURUSD is actually up high into the high of week, high of month, high of year, it's January and is the first month of the year, is the opening range of the year. There is a great chance to see a reversal market from the current level, if it's going to setup correctly. However, as I always say, I'm not here to predict any directional move, because I'm a professional trader and I don't do entertainment with trading, trying to gamble my money in useless predictions. What I'm always looking for, are setups, which they repeat over and over again. To understand better the logic behind my thesis, let's have a deeply look into the week.. The previous week, overall, the market has been trading long, higher high on Wednesday for a 3 days dump and pump into the week, I wouldn't counter trending such a strong market. Monday, opening range of the week, the market broke the previous weekly high and stayed in breakout. Other times frame traders and big players are involved. Tuesday the market pullback on the previous weekly high, eventually stopping out breakout traders long from that level, closing kinda as an inside day, which I consider part of the consolidation process up high. Wednesday, the market broke higher, breaking out the HOW, HOM, HOY, closing back inside the range and closing as a first red day, which typically it can be a short signal if setups correctly during the further days. Today, the market triggered short in, and overall is consolidating into the yesterday LOD. Thesis: My main view, currently, is pretty short, the lower low of today can a be a sign of weakness for this market, Trump speaking on schedule, market it may be very volatile today, that's why I decided to don't be involved in any market position. The news release can obviously dump the market quickly straight into the LOW, or we can have a retest of the HOW for a consolidation and dumping during the next week (last week of the month). If the market today breaks lower, tomorrow I will be looking for a sell high opportunity targeting the current LOW. What about a bullish thesis? Once again, I think that predicting is pretty silly and gives you 50/50 of chances to be right. What I'm describing is the possibility to identify a short setup in a market condition that can offer it. A long thesis, would be absolutely still valid.. why? Yesterday after the higher high in the daily, weekly and monthly level, the market dumped down into the low, and went in consolidation. I cannot exclude a 2/3 days dump and pump for a range expansion to the upside. That means that I would be willing to take a long setup if the long thesis builds up. I will be updating this post until I think the template will be valid. Gianni
Short
by GianniPichichero