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EURUSD trade ideas

EUR/USDEUR/USD is looking to break a streak of six consecutive down days after running into Fibonacci resistance at 1.0943. That pullback spanned more than 200 pips at its peak, with support finally showing up yesterday in the 1.0730-1.0750 zone previously highlighted. The question now is which trend will take over - as the prior bullish trend had quickly went overbought with RSI divergence showing into last Wednesday's FOMC meeting. For today, the 1.0800 level has capped bulls' advance and the next levels up are prior price swings at 1.0823 and 1.0861, followed by a Fibonacci extension at 1.0909 and then the longer-term Fibonacci level at 1.0943
by CecaRockefeller
EUR/USD Today - Maintain Downtrend🔔🔔🔔 EUR/USD News: 👉 The US dollar paused its rally on Thursday, with the US Dollar Index (DXY) falling just above the key 104.00 level as investors remained cautious about the possibility of a US recession, especially after former President Trump announced a new 25% tariff on imported cars. 👉 The main driver of the dollar’s ​​recent gains has been Trump’s tariff threats, as he hinted at an additional 20% duty on imports from the European Union that could come into effect as early as next week. 👉 Trump’s tough stance on trade – this time targeting cars, aluminium and pharmaceuticals – has raised fears of a full-blown transatlantic trade war. 👉 On the one hand, such tariffs could force the Federal Reserve to maintain a hawkish stance to keep inflation in check. On the other hand, they risk slowing global growth, especially if the EU retaliates. This double blow has added volatility to the forex market, with the euro becoming the main focus. Personal opinion 👉 Today's PCE news will be a high-stakes test for EUR/USD. Overall, the current trend of this currency pair is still down and remains within the downtrend line. Therefore, the rise will be an opportunity to Sell orders at a good price 👉 Analysis based on important resistance - support levels and Pivot Points combined with trend lines and EMAs to come up with a suitable strategy Plan: 🔆 Setting the price zone: 👉Sell EUR/USD 1.0800– 1.0810 ❌SL: 1.0840 | ✅TP: 1.0760 – 1.0710 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
EURUSD:Today's trading strategyThe EUR/USD is fluctuating and consolidating around 1.0790, having weakened for six consecutive trading days previously. US President Trump's announcement of imposing a 25% tariff on imported automobiles and their components starting from April 2nd has made the market worried that the economic and trade relations between the US and major economies are facing more uncertainties. As can be seen from the chart, the EUR/USD has continuously declined. After hitting a low of 1.0732 at the lowest, it stabilized and rebounded. Currently, it is trading within the range of 1.0780-1.0790. If the exchange rate can break through the resistance level of 1.0830 above, it is expected to test the 1.09 mark. If it is blocked and pulls back, one should be vigilant about retesting the support area of 1.0732 again. In the short term, the EUR/USD may continue to have a wide range of fluctuations within the range of 1.0700-1.0830. Trading strategy: Sell@1.0830 TP:1.0730 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Short
by LeoBlackwood
EURUSD Will be in bearish directionHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
EUR/USD: ECB and US GDP ExpectationsBy Ion Jauregui –ActivTrades Analyst The EUR/USD is at a time of high expectation, with key European Central Bank (ECB) appearances and the release of quarterly U.S. Gross Domestic Product (GDP) promising to generate significant moves in the financial markets. Today, all eyes are on Christine Lagarde and Luis de Guindos, president and vice-president of the ECB, who will provide details that could reveal the institution's interest rate strategy. Uncertainty over monetary policy in the Eurozone remains a key determinant of EUR/USD performance. The Role of the ECB and Market Expectations The appearance of Lagarde and De Guindos has become one of the most anticipated events of the day. Investors are analyzing every word, looking for clues about possible monetary policy adjustments. Uncertainty about future interest rate moves directly affects the euro, as a more hawkish stance could weaken the currency, while a cautious stance or signs of easing could generate upward momentum. This attention is because the FX market reacts almost immediately to expectations about monetary policy, making EUR/USD a direct reflection of the economic outlook in the region. The Impact of Quarterly GDP in the U.S. On the other hand, in the United States, the quarterly GDP is expected to be published, with a growth projection of 2.3%, in contrast to the 3.1% of the previous period. This data is crucial for the dollar, as a slowdown in economic activity could weaken the US currency. Investors are watching to see if the US economy shows signs of slowing or if growth trends continue, which would have a direct impact on the EUR/USD. A lower than expected figure could translate into a loss of dollar strength, thus boosting the euro in the international market. Technical Analysis The EURUSD has recovered in a bullish push up to $1.09296 per euro on the 18th of this month, the correction was not long in coming and the correction has continued to 1.07614 in today's trading. This has all the feel of support in a bullish momentum given that today's candle is all green, so it is very likely that this sentiment will push the euro back towards its upper end of the range and look to test the $1.09296 price. This theory is supported by the fact that the triple crossover of averages has pushed the 50-average above the 100-average since the impulse and yesterday there was a golden crossover where the value of the 200-average is starting to move into position below the 100-average, signaling to us a possible price expansion. This theory is supported by the fact that the RSI has made a micro support at the 50% average so this corrective sentiment seems to have stopped. If today's price breaks above the 50-average we could see an advance towards $1.10 per euro. If the US GDP data surprises and Europe does not have enough bullish sentiment we could see a return to the current checkpoint (POC) around 1.05327, but this is not expected to happen with a US market on a war footing with Trump's tariffs threatening the economic stability of its companies in exports. Other Financial Environment Variables In addition to the ECB statements and the GDP data, other elements are influencing the macroeconomic environment. Cryptocurrencies, for example, are trading with high volatility; while Bitcoin moves around $87,000 and Ethereum around $2,000, these assets reflect the general uncertainty in the market. Likewise, Brent, coffee and gold also move in a context of caution and uncertainty, factors that affect risk perception and, by extension, EUR/USD. In Asia, the indices show mixed movements. The Nikkei is down 0.9%, the Hang Seng is up 0.7% and the Shanghai Composite is little changed. These indicators reflect the diversity in the performance of international markets, although the main focus is on Wall Street's reaction. Yesterday, US indices ended in the red, with the S&P 500 down 1.1%, Nasdaq down 2% and Dow Jones down 0.3%. These dynamics are contributing to a cautious mood that is seeping into the FX market. EUR/USD Outlook In summary, the EUR/USD is at an inflection point where ECB statements and US macroeconomic data play a crucial role. Investors expect any hints on the future direction of monetary policy in the Eurozone or on the economic health of the US to trigger significant moves in the pair. Attention will be particularly focused on how ECB policymakers communicate, and the market's reaction to the GDP figure, which could reshape the direction of the dollar and, consequently, the euro. Technical analysis reveals that, after a recovery and a crossover of moving averages, the euro is holding up and could move towards $1.10 if it breaks above the 50-mark. However, global volatility and economic tensions warn investors to maintain a flexible and vigilant strategy. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
EURUSD Contracts Ahead of Key Data and Trump’s "Liberation Day"The main scenarios from our earlier post remain unchanged. The 1.0800 support has shifted slightly lower to 1.0780. Trump's so-called "Liberation Day" is approaching, and it's creating downward pressure on EURUSD, despite weak U.S. data. Yesterday, consumer confidence fell to 92.90, marking the worst reading since the COVID shock, and the lowest since 2016 if you exclude that period. The magnitude of the drop is significant. EURUSD price action has now contracted into a very narrow range, suggesting that a major breakout is likely imminent. Which direction it will take remains unclear. This week’s PCE data will be important, but the main price driver will likely be the April 2 tariff announcement, or any early leaks or headlines leading up to it. 1.0780 has now become the short-term support level, while the updated trendline serves as the main resistance.
by ftdsystem
EURUSD SHORTin monthly timeframe the price is making a strong rejection a FVG level also a ChoCh level (also march month is at its end ) indicating a strong down trend and in small time frame a lots of dominant break candle stick pattern which is also a good sign of a down trend .+ some of EUR news are coming at 13:30 Pm if the the news goes RED(bearish) than you enter the market + wait for the trendline to Break in 15 minutes timeframe (for confirmation).and Inshallah you will see good results
Short
by MohammedAijaz
PREPARING TO TAKE THIS MARKET SHORTEUR/USD 4H - Very similar to the cable we want to see price trade up and into the area of interest above to take this market lower longer term. The reason for this is because price has recently broken structure to the downside. As we know this tells us that price is no longer in favour of the Demand in the market and now in favour of the Supply, so by price trading into this area we can expect price to offload more Demand and introduce more Supply. Once price trades up and into this area it will then be a case of going down to the lower timeframes, waiting for price to distribute and break structure to the downside fractally, once we have that we have means to enter. A fractal break will confirm the end of the fractal bullish correction and the start of the next bearish impulse, it will also allow us to get involved in this market with a refined entry as we can enter on the lower timeframes with a tighter stop but a higher timeframe TP.
Short
by Lukegforex