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EURUSD trade ideas

EURUSD with two probabilities for 11/1/2024This is my idea Nbr 23 after 20 ✅️ EURUSD with a high probability to make the decision for 11/1/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
Renewed demand for the Euro | FX ResearchMost of what we've been seeing in recent sessions has been Euro-supportive. Economic data out of the zone has been on the better side of expectations. Inflation data is pointing up, and ECB speak has been decidedly less dovish. Meanwhile, ECB President Lagarde has said she doesn't expect a Euro area recession in the months ahead. Otherwise, the yen has been a little better bid today, perhaps after the BOJ signaled it would be prepared to hike rates more if its outlook was met. Overall, there have been signs of mild U.S. dollar selling, though it’s not enough to be fully convincing, especially with U.S. equity futures pointing south. Month-end flows will also play into things as the day winds down. There has also been talk of mild U.S. dollar demand on portfolio rebalancing. All of this comes ahead of today's round of U.S. data and some major event risk in the days ahead, including tomorrow's U.S. jobs report and next week’s U.S. election. As for the remainder of today, we have Canada GDP, U.S. personal income, personal spending, U.S. core PCE, and U.S. initial jobless claims. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
day 82 of backtesting i have back tested til 29 july of 2024 the last week was one of the worst days and i was not feeling good abou my trading career but it was all beacuse i was away for charts and because my strateggy has so many details, i was not focused on the details at the time but as i forund out the problem every thing got back to normall. this is the reaqlity of trading and it is not easy at all but one thing we can do is kepp pushing nad trying and maybe we can get successfull one day soon.
by kepsesarzi
1
EURUSD Trade Log### Trade Setup (29/10/2024) - EURUSD 1. Long in 30-Minute FVG: - Target: 1:2 RRR. - Risk: 1% of account. - Stop-Loss: Below the 30-minute FVG. - Entry Strategy: Wait for a pullback into the FVG with bullish confirmation before entering. - Beware of Earnings: Potential volatility due to correlated US market earnings reports; monitor timing to avoid adverse moves. Strategy: - Multi-timeframe approach using 30-minute FVG for intraday setup. - Confirm entry signals to avoid unexpected volatility from earnings-related movements. - Manage risk independently, reassessing based on the outcome of other trades if applicable.
by Fondera-Trading
EUR/USD: Bullish Momentum Breaks Resistance, What’s Next?The EUR/USD has been moving upward for the fourth consecutive day, with a clear uptrend forming on the chart. Currently trading around 1.082, the pair has broken out of its previous downward channel, signaling a bullish shift. Additionally, the 34 EMA has successfully crossed above, reinforcing short-term bullish sentiment and encouraging investors to buy into the pair. However, a bit more caution is advised before making long-term buys. The EUR/USD remains within a triangle pattern, suggesting it may need to retest the breakout level before fully confirming a sustained uptrend. What’s your take? Should we go for a buy or sell today and in the days to come?
Long
by Pierce_Bowers
HSBC & JPM: No Bullish Outlook for EUR/USD? HSBC foresees a brief rally in EUR/USD should Kamala Harris secure the U.S. presidency. However, the bank expects the rally to be a temporary knee-jerk reaction, with the pair resuming a downward trajectory. A Donald Trump victory could have starker implications for EUR/USD, as Trump has pledged tariffs on Europe, reigniting fears of a renewed trade war. Analysts at Deutsche Bank AG, JPMorgan Private Bank, and ING Groep NV warn that Trump’s win could drive the euro down to parity with the dollar. Either way, the euro is maybe expected to decline across the board. An IMF downgrade of eurozone growth, persistent below-target inflation, economic sluggishness, and political friction collectively point to a weaker euro against other major currencies.
by BlackBull_Markets
Could we see a bigger correction?Bullish rally of dxy may persist due to robust indicators of the U.S. economy, contrasted with a weaker Eurozone economy. Additionally, the possibility of Republican candidate Donald Trump winning the upcoming U.S. presidential election is further supporting the dollar. However, the mixed macroeconomic data releases from the US limit the US Dollar's strength, while the strong inflation readings from Germany support the Euro, helping the pair push higher. EUR/USD rises sharply as the US Dollar falls after US ADP Employment and Q3 GDP data. The Eurozone economy grew faster-than-expected and the German economy returns to growth. Meanwhile, the 200-day EMA near 1.0900, and the psychological figure of 1.1000 emerge as key resistances. In addition, Trump’s victory in the US presidential election could have an adverse impact on the Eurozone growth in the longer term.
by Alecampos83