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EURUSD trade ideas

#EURUSD 4HEURUSD 4-Hour Analysis The EURUSD pair has recently broken above a key trendline resistance on the 4-hour chart, suggesting a bullish trend reversal. This breakout signals potential upside momentum as buyers gain control, providing an opportunity for long entries. Technical Outlook: - Pattern: Trendline Breakout - Forecast: Bullish (Buy Opportunity) - Entry Level: Post-breakout above the trendline Traders can look for buy positions above the breakout level, targeting the next resistance zones. It’s recommended to confirm this setup with indicators like RSI for overbought/oversold conditions or MACD for bullish crossover to strengthen the buy signal.
Long
by PIPSFIGHTER
EURUSD Daily Bias!Disclaimer: Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive.
Short
by UpTrade69
#EURUSD - 1 NovSmall range choppy day for EURUSD yesterday; it moved higher, hit the first resistance, sold back down to PZ then rallied to close near the highs. Overall, EURUSD is in a resistance zone and IMO, I am cautiously bearish for a move lower before any upside is possible. EURUSD is much bearish on the monthly (even more than indices) and overall, any bearish daily candle would indicate a potential near term top for further downside. For today, looking at 1.0898 is the level to look for shorts while 1.0812/20 would be levels to look for longs.
by FadeMeIfYouCan
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
EURUSD Trading Opportunity! BUY! My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0777 Bias -Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.0797 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/USD Rebounds from Key Support Amid Market UncertaintyTechnical Analysis On the 4-hour timeframe, the EUR/USD pair has approached a significant support level at the base of its long-term ascending trendline, rekindling buying interest. The recent breakout above the Ichimoku Kumo cloud signals an emerging bullish bias, which has encouraged further buying activity. The pair is currently testing the 23.6% Fibonacci retracement level of its prior bearish movement, which represents a critical hurdle for continued upward momentum. A successful breach of this Fibonacci level could pave the way for an advance toward the 38.2% Fibonacci retracement, located at 1.09317. Beyond this, subsequent resistance levels align with the 50% and 61.8% Fibonacci retracement levels, positioned at 1.09846 and 1.10374, respectively. Challenging these resistance zones would signal sustained bullish momentum. Key Events to Monitor On Thursday, several critical economic releases are expected, including the weekly unemployment claims and the core PCE Price Index, the latter being the Federal Reserve's preferred inflation gauge. Despite these releases, the market's primary focus will be on the Non-Farm Payrolls (NFP) report due on Friday, which is anticipated to provide significant insights into the health of the U.S. labor market. The NFP report will likely shape investor sentiment regarding the Fed's monetary policy direction, potentially influencing the U.S. dollar and, by extension, the EUR/USD exchange rate.
Long
by Errante
EURUSD_118 2024.10.31 10:17:05 Trading Signal SELLFrankPro Signal for EURUSD_118 Type: Screen Signal: SELL TP: 1.08204 SL: 1.08756 Entry Price: 1.08687 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Same ST=Down LT=Up ST=Down LT=Same Analysis Method(0) Based on the provided analysis, here is my assessment of the EUR/USD price movement: **Short-term analysis (next few days):** The price is expected to go **down**. The reasons for this assessment are: * The price has tested the resistance line at 1.0865 and has started to rebound bearishly, indicating a potential reversal. * The forecast for October 31, 2024, suggests an attempt to develop a decline in the EUR/USD pair, with a potential test of the support area near key levels. * The surge ahead of PCE and NFP data has pushed the pair up to its 200-day moving average, but this may be a temporary move, and the pair may retreat from this level. **Long-term analysis (weeks or months):** The price is expected to **stay the same** or experience a **slight decline**. The reasons for this assessment are: * The Elliott Wave analysis provides a comprehensive overview of the current EUR/USD price action, suggesting potential wave patterns and future price movements. While the analysis does not provide a clear direction, it implies that the pair may be in a consolidation phase. * The influence of economic data and central bank policies on the EUR/USD exchange rate may lead to a range-bound market, with the pair trading within a narrow range. * The recent surge in the pair may be a temporary move, and the pair may return to its long-term trend, which could be a slight decline or a sideways movement. Please note that these assessments are based on the provided analysis and may not reflect the current market situation. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors, including economic data, central bank policies, and geopolitical events. Result: ST=Down LT=Same Analysis Method(1) Based on the provided analysis and forecasts, here is my assessment of the EUR/USD exchange rate: **Short-term (next few days/weeks):** The price is expected to be volatile, with a slight bias towards a decline. The current price is around 1.0859, and analysts suggest that if it remains above 1.0846, it could strengthen. However, there is also an expectation of a decline, with a test of the support area near current levels. Therefore, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short term. **Long-term (next few months/years):** The forecasts suggest that the EUR/USD exchange rate is expected to **go up** in the long term. Commerzbank analysts predict the rate to strengthen to 1.12 by June 2024, and ING forecasts suggest the pair could trade above 1.20 in the next few years. Although there are some predictions of the rate being trapped around 1.08 due to economic factors, the overall long-term outlook appears to be bullish. Please note that these assessments are based on the provided analysis and forecasts, and the actual market movements may differ due to various factors, including unforeseen economic events and changes in market sentiment. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair's recent slip below the mid-1.0800s and the bearish rebound from the resistance line at 1.0865 suggest downward pressure. * The upcoming economic data releases (Eurozone CPI and US PCE Price Index) may further influence the pair's direction, but the current sentiment appears bearish. * Therefore, in the short-term, I expect the EUR/USD price to **go down**. **Long-term (next few weeks/months):** * The pair's earlier test of the 200-day moving average and the ECB's pushback on rate cuts suggest that there may be underlying bullish sentiment. * However, the recent bearish rebound and the cautious market ahead of key economic data releases may delay any potential upward movement. * Considering the conflicting signals, I expect the EUR/USD price to **stay the same** or experience a period of consolidation in the long-term, as the market awaits further clarity on economic data and central bank decisions. Please note that this analysis is based on the provided information and may not reflect the full complexity of market conditions. Result: ST=Down LT=Same
Short
by frankiepro
EURUSD_112 2024.10.31 09:18:07 Trading Signal SELLFrankPro Signal for EURUSD_112 Type: Screen Signal: SELL TP: 1.082955 SL: 1.08627 Entry Price: 1.08576 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Same ST=Down LT=Up ST=Down LT=Same Analysis Method(0) Based on the provided analysis, here is my assessment of the EUR/USD price movement: **Short-term analysis (next few days):** The price is expected to go **down**. The reasons for this assessment are: * The price has tested the resistance line at 1.0865 and has started to rebound bearishly, indicating a potential reversal. * The forecast for October 31, 2024, suggests an attempt to develop a decline in the EUR/USD pair, with a potential test of the support area near key levels. * The surge ahead of PCE and NFP data has pushed the pair up to its 200-day moving average, but this may be a temporary move, and the pair may retreat from this level. **Long-term analysis (weeks or months):** The price is expected to **stay the same** or experience a **slight decline**. The reasons for this assessment are: * The Elliott Wave analysis provides a comprehensive overview of the current EUR/USD price action, suggesting potential wave patterns and future price movements. While the analysis does not provide a clear direction, it implies that the pair may be in a consolidation phase. * The influence of economic data and central bank policies on the EUR/USD exchange rate may lead to a range-bound market, with the pair trading within a narrow range. * The recent surge in the pair may be a temporary move, and the pair may return to its long-term trend, which could be a slight decline or a sideways movement. Please note that these assessments are based on the provided analysis and may not reflect the current market situation. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors, including economic data, central bank policies, and geopolitical events. Result: ST=Down LT=Same Analysis Method(1) Based on the provided analysis and forecasts, here is my assessment of the EUR/USD exchange rate: **Short-term (next few days/weeks):** The price is expected to be volatile, with a slight bias towards a decline. The current price is around 1.0859, and analysts suggest that if it remains above 1.0846, it could strengthen. However, there is also an expectation of a decline, with a test of the support area near current levels. Therefore, I would say that the price is likely to **stay the same** or experience a **slight decline** in the short term. **Long-term (next few months/years):** The forecasts suggest that the EUR/USD exchange rate is expected to **go up** in the long term. Commerzbank analysts predict the rate to strengthen to 1.12 by June 2024, and ING forecasts suggest the pair could trade above 1.20 in the next few years. Although there are some predictions of the rate being trapped around 1.08 due to economic factors, the overall long-term outlook appears to be bullish. Please note that these assessments are based on the provided analysis and forecasts, and the actual market movements may differ due to various factors, including unforeseen economic events and changes in market sentiment. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the EUR/USD pair's expected price movement: **Short-term (next few days):** * The pair's recent slip below the mid-1.0800s and the bearish rebound from the resistance line at 1.0865 suggest downward pressure. * The upcoming economic data releases (Eurozone CPI and US PCE Price Index) may further influence the pair's direction, but the current sentiment appears bearish. * Therefore, in the short-term, I expect the EUR/USD price to **go down**. **Long-term (next few weeks/months):** * The pair's earlier test of the 200-day moving average and the ECB's pushback on rate cuts suggest that there may be underlying bullish sentiment. * However, the recent bearish rebound and the cautious market ahead of key economic data releases may delay any potential upward movement. * Considering the conflicting signals, I expect the EUR/USD price to **stay the same** or experience a period of consolidation in the long-term, as the market awaits further clarity on economic data and central bank decisions. Please note that this analysis is based on the provided information and may not reflect the full complexity of market conditions. Result: ST=Down LT=Same
Short
by frankiepro
2
EURUSD: The trend of increasing dominant!Hello all my dear friends, the third day has started, wish you lots of energy! Currently, the EUR/USD pair is stable around 1,0810 and works well on the price channel to 1 hour. Despite the US dollar consolidated in the early morning of Asia in Tuesday. On the other hand, the price increase of the US dollar shows some signs of fatigue when the dollar index (DXY) returns to the recent peak at nearly 104.60 before falling to 104.30 at the delivery session. The end of the translation ends, thereby supporting the continued increasing trend of this pair of money. I wish you a lot of profits!
Long
by Bentradegold