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EURUSD trade ideas

EURUSD Continues Strong DowntrendEURUSD remains firmly in a downtrend as critical technical factors and resistance levels signal persistent selling pressure. According to the chart, EURUSD is currently hovering around 1.07936 USD, with key resistance zones hindering any recovery attempts. Technical Analysis Strong Resistance at Fibonacci 0.5 - 0.618: The Fibonacci retracement levels at 1.08128 - 1.08068 USD form a crucial resistance zone. The price encountered heavy selling pressure here, unable to break through to the upside. Downtrend Confirmed by EMA: The Exponential Moving Averages (EMA) indicate a bearish trend, with the price staying below these levels. This reinforces the dominance of selling pressure in the market. Support Level at 1.07607 USD: Should the downtrend persist, EURUSD is likely to target the next support level at 1.07607 USD. This area may attract buying interest but is unlikely to reverse the overall trend. Short-Term Forecast Given the strong resistance and EMA signals, EURUSD is expected to continue its downward momentum. Traders might consider a selling strategy if the price faces resistance around the Fibonacci levels, with a take-profit target near the 1.07607 USD support.
Short
by Pierce_Bowers
EURUSD Trade Log### Trade Setup (29/10/2024) - EURUSD Long Re-Entry on 4H FVG 1. Initial Long Entry in 4H FVG: - Target: 1:2 RRR. - Risk: 1% of account per entry. - Stop-Loss: Below the 4H FVG zone. - Entry Signal: Look for a retracement into the 4H FVG with bullish confirmation before entering. 2. Re-Entry Strategy: - Re-enter if price remains within or respects the 4H FVG, showing sustained bullish momentum. - Each re-entry should also follow a 1:2 RRR with an independent stop-loss below the FVG. - Keep cumulative risk of all entries within a maximum of 5% of the account to manage overall exposure. ### Strategy - Multi-timeframe approach focused on the 4H FVG as a support zone for long re-entries. - Monitor for any high-impact USD or Euro news that could influence volatility. - Carefully manage cumulative risk with each re-entry, especially if the trend continues in your favor.
Long
by Fondera-Trading
EURUSD : Short Term Trading Strategy TodayToday, EURUSD is moving around the 1.081 level with a clear technical setup suggesting potential short-term scenarios. The chart highlights two main zones: Resistance Zone (1.08242): Currently, EURUSD is near a resistance area, as shown in the red box. If the pair tests this level but fails to break above, a pullback is likely, potentially pushing prices lower. Support Zone (1.07822): If the price dips, it may find support near 1.07822 (highlighted in blue). A bounce from this level could signal a recovery, allowing EURUSD to resume its upward trend. However, a break below would signal further downside risks. Today’s key economic data, including U.S. Consumer Confidence and trade data, may impact this movement by influencing the USD’s strength. Traders should keep an eye on these levels as they navigate EURUSD’s short-term trends.
Short
by Pierce_Bowers
Waterfall Is Not Over Yet. Instrument: Time Frame: H4 Chart Observations: 1. Identified strong Resistance and Support zones within a parallel channel flow Moving in a downward trend. 2. Trend has consistently respected Resistance and Support Zone many times with instances of reversal. 3. Several Break Of Structure were also formed in downward trend 4. Fake Breakout was also identified their with the help of smart money concept 5. Current price action shows respect for the Support zone. 6. Fast moving E.M.A line is still below the Slow E.M.A line indicating further downward trend. Trading Strategy: We have confirmation of Sell by two stratigies. One is price action and other is smart money concept. So, stay with sell Sell Entry Zone: 1.07930_1.07940 Take Profit1: 1.07760 Take Profit2: 1.07580 Take Profit3: 1.07400 Stop Loss: 1.08120
Short
by Fxjames0009
1
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
EURUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0793 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0817 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1