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EURUSD trade ideas

EUR/USD: Double Top Formation with Potential Downside TargetTechnical Analysis: The EUR/USD chart shows the formation of a double top pattern around the 1.0480 level, which is commonly interpreted as a bearish reversal signal. The price action highlights that the previous resistance level has been tested twice, with an inability to break above this level, suggesting that selling pressure is building. Additionally, a broken trendline (indicated in the chart) supports the likelihood of a downward move. The price has already broken below the ascending trendline, confirming the weakening bullish momentum. The target for this pattern is located at around 1.0325, which aligns with previous support levels and the projected completion of the pattern. ________________________________________ Fundamental Analysis: Fundamentally, several factors could contribute to a potential downside for EUR/USD: Economic Data Releases: The Eurozone has been facing challenges with economic growth, particularly due to inflationary pressures and the ongoing impact of global supply chain disruptions. On the other hand, the US economy has shown resilience, with strong labor market reports and consumer spending data that may indicate continued strength. If these trends persist, the USD could gain strength relative to the EUR. Monetary Policy Divergence: The European Central Bank (ECB) has been cautious in raising interest rates, with a focus on stimulating growth in the region. This contrasts with the US Federal Reserve, which has been tightening its monetary policy more aggressively to combat inflation. The divergence in monetary policy could continue to support the USD, adding downward pressure on the EUR/USD pair. Geopolitical Events: Ongoing geopolitical uncertainties, including the impact of global trade tensions and regional conflicts, could further affect the Eurozone's economic outlook, while the USD might benefit as a safe haven in times of uncertainty. ________________________________________ Conclusion: With both technical and fundamental factors pointing to a potential bearish scenario for EUR/USD, traders should be cautious of further downside movement. The key support around 1.0325 is critical, and a break below this level could open up further downside towards the next support levels.
Short
by melikatrader94
4
EURUSD – Bullish Continuation Toward 1.05820OANDA:EURUSD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook. With momentum favoring the upside, the next logical target is 1.05820, aligning with the upper boundary of the ascending channel. As long as the price remains above the support, the bullish bias stays intact.
Long
by DanieIM
11
EURO - Price can bounce up from triangle to $1.0600 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Price started to decline in the falling channel, where it bounced from the resistance line and broke $1.0465. Then it continued to fall and reached $1.0265 support level, which coincided with support area and tried to grow then. After this, price turned around and dropped to support line of channel and then made upward impulse. Euro exited from channel and later started to trades inside a triangle, which continues to trades to this day. In a triangle, price made a strong gap and then rose to resistance level, even broke it, but now trades below. So, I think that Euro can break this level and even exit from a triangle, after which continue to grow to $1.0600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
EURUSD road map (4h)The expected targets are marked on the chart and I think in the coming days, the trend will be bullish. After reaching the desired targets, it can drop to 1.04. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
EURUSD -Weekly forecast, Technical Analysis & Trading Ideas💡 Daily Timeframe: EURUSD has been in a Range Bound recently. It touched and reject from 1.0528 major resistance today. A peak is formed in daily chart at 1.05285 on 02/26/2025, so more losses to support(s) 1.03570, 1.02920 and minimum to Major Support (1.01779) is expected. 💡 Four-hour Timeframe: The uptrend is broken, and price is in an impulse wave. The bearish wave is expected to continue as long as the price is below the strong resistance at 1.0528 A strong bearish divergence has also formed in the RSI. 💡 One-hour Timeframe: 1.0457 support is broken now. It will act as a Resistance now! Forecast: 1- Correction wave toward the Sell Zone 2- Another Downward Impulse wave toward Lower TPs SL: Above 1.0528 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
9
DeGRAM | EURUSD lower volatilityEURUSD is in an ascending channel between trend lines. The price is moving from the upper boundary of the channel, resistance level and upper trend line, which has repeatedly acted as a pullback point. After the chart failed to form an ascending structure, the volatility decreased and after the chart returned under the dynamic resistance level and is currently holding under the important psychological level of $1.05. We expect the pair to pullback to $1.03430 after consolidating under the supply zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
HelenP. I Euro will correct a little and then continue move upHi folks today I'm prepared for you Euro analytics. On this chart, we can see how the price rebounded from the trend line and started trading within a triangle pattern. Shortly after, EURUSD climbed to the support level, which aligned with the support zone, broke through it, and continued moving higher. Later, the Euro reached the resistance level, which coincided with the resistance zone, briefly entered this area, but quickly reversed and began to decline. In a short time, the price dropped back to the trend line before rebounding again. It then moved up toward the resistance zone and started ranging around the 1.0485 level. Some time later, the Euro fell to the trend line once more, eventually breaking below it, which led to a breakout from the triangle pattern. At the same time, it also dropped below the 1.0485 level. After that, the price declined to the support level but has recently started to recover. Given this, I anticipate a correction followed by a continuation of the upward movement toward the resistance level. For this scenario, I’ve set my goal at the 1.0485 resistance level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
EURUSD - Short OpportunityLast week, the EUR/USD experienced a significant breakout from a long-term bullish trendline, suggesting a potential trend reversal. The price is currently approaching the resistance level at 1.05150, which closely aligns with the broken bearish trendline. I expect a reversal in the trend and a significant drop. The price may reach at least the support level of 1.03765 again and potentially drop lower. NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
Short
by Bayram-Tekin
3
How Can You Use a Spinning Top Candlestick Pattern in Trading?How Can You Use a Spinning Top Candlestick Pattern in Trading? The spinning top candle is a key tool in technical analysis, highlighting moments of market indecision. This article explores what spinning tops represent, how they differ from similar patterns, and how traders can interpret them to refine their strategies across various market conditions. What Does a Spinning Top Candlestick Mean? A spinning top is a candlestick pattern frequently used in technical analysis. It consists of one candle with a small body and long upper and lower shadows of approximately equal length. The candle’s body symbolises the discrepancy between the opening and closing prices during a specified time period, while the shadows indicate that volatility was high and neither bulls nor bears could take control of the market. This pattern signifies market indecision, where neither buyers nor sellers have gained dominance. It suggests a state of equilibrium between supply and demand, with the price oscillating within a narrow range. The spinning top may indicate continued sideways movement, particularly if it appears within an established range. However, if it forms after a bullish or bearish trend, it could signal a potential price reversal. Traders always look for additional signals from confirming patterns or indicators to determine the possible market direction. It’s important to note that the spinning top candle is neutral and can be either bullish or bearish depending on its context within the price chart. The colour of the candle is not important. Spinning Top vs Doji Doji and spinning top candlesticks can be confused as they have similar characteristics. However, the latter has a small body and upper and lower shadows of approximately equal lengths. It indicates market indecision, suggesting a balance between buyers and sellers without a clear dominant force. Traders interpret it as a potential reversal signal, reflecting a possible change in the prevailing trend. The doji candlestick, on the other hand, has a small body, where the opening and closing prices are very close or equal, resulting in a cross-like shape. If it’s a long-legged doji, it may also have long upper and lower shadows. A doji candle also represents market indecision but with a focus on the relationship between the opening and closing prices. Doji patterns indicate that buyers and sellers are in equilibrium, and a potential trend reversal or continuation may occur. How Do Traders Use the Spinning Top Pattern? Traders often incorporate the spinning top candle pattern into their analysis as a way to interpret moments of market indecision. Whether the pattern appears during a trend or at key turning points, its context plays a significant role in shaping trading decisions. In the Middle of a Trend When a spinning top forms in the middle of an ongoing trend, traders often view it as a signal of potential market hesitation. This indecision can indicate a pause in momentum, suggesting either a continuation of the trend or the possibility of a reversal. Entry In such cases, traders typically wait for confirmation of the next price move. A break above the high of the spinning top may signal the trend will continue upward, while a break below the low could suggest the trend may move down. Observing how subsequent candles interact with the spinning top can help a trader gauge the market’s intentions. Take Profit Profit targets might be aligned with key price levels visible on the chart, such as recent highs or lows. For traders expecting trend continuation, these targets might extend further, while those anticipating a reversal might aim for closer levels. Stop Loss Stop-loss orders might be set in accordance with the risk-reward ratio. This placement helps account for the pattern's characteristic volatility while potentially protecting against unexpected movements. At the Top or Bottom of a Trend When a spinning top forms at a significant peak or trough, it often draws attention as a potential reversal signal. This appearance may reflect market uncertainty after a prolonged uptrend or downtrend. Entry Confirmation from subsequent price action is critical. Traders typically observe if the price breaks above the candle (bullish spinning top) or below the candle (bearish spinning top) to determine the likelihood of a reversal. Take Profit Targets could be set at major support or resistance zones. A trader expecting a reversal may look for levels reached during the previous trend. Stop Loss Stops could be placed in accordance with the risk-reward ratio, allowing for the volatility often present at trend-turning points while potentially mitigating losses. Remember, trading decisions should not solely rely on this formation. It's crucial to consider additional technical indicators, market trends, and risk management principles when executing trades. Live Example In the EURUSD chart above, the red spinning top candle appears at the bottom of a downtrend. A trader went long on the closing of the bullish candle that followed the spinning top. A take-profit target was placed at the closest resistance level, and a stop-loss was placed below the low of the spinning top candlestick. There is another bearish spinning top candlestick pattern on the right. It formed in a solid downtrend; therefore, a trader could use it as a signal of a trend continuation and open a sell position after the next candle closed below the lower shadow of the spinning top candle. A Spinning Top Candle: Benefits and Drawbacks The spinning top candlestick pattern offers valuable insights into market indecision, but like any tool in technical analysis, it has its strengths and limitations. Understanding these might help traders use it more effectively. Benefits - Identifies Market Indecision: Highlights moments where neither buyers nor sellers dominate, providing a clue about potential price reversals or continuations. - Versatile Across Trends and Markets: Can signal price consolidation, continuation, or reversal depending on its context. It’s also possible to use the spinning top across stocks, currencies, and commodities. - Quick Visual Insight: The distinctive shape makes it easy to spot on charts without extensive analysis. Drawbacks - Requires Confirmation: On its own, the pattern lacks particular signals, needing additional indicators or price action for confirmation. - Context-Dependent: Its reliability depends heavily on where it forms in the trend, making it less useful in isolation. - Prone to False Signals: Market noise can produce spinning tops that do not lead to meaningful movements, increasing the risk of misinterpretation. Takeaway The spinning top candlestick reflects market indecision and suggests a potential reversal or consolidation. Traders use this pattern as a tool to identify areas of uncertainty in the market. Therefore, it's important to consider the spinning top pattern within the broader context and get confirmation from other analysis tools. If you want to test your spinning top candlestick trading strategy or apply it to a live chart, open an FXOpen account and start trading with tight spreads from 0.0 pips and low commissions from $1.50. Good luck! FAQ What Is a Black Spinning Top? A black (red) spinning top is a variation of the spinning top candlestick pattern with a small body and equal-length shadows. This is different from the white (green) spinning top, as its body indicates a lower closing price. Traders analyse its context, technical factors, and confirmation from other indicators to interpret its significance. What Is a Spinning Top Candlestick? A spinning top candle meaning refers to a pattern characterised by a small body and long upper and lower shadows of roughly equal length. It reflects market indecision, where neither buyers nor sellers hold a clear advantage, and is often used in technical analysis to assess potential trend reversals or consolidations. Is the Spinning Top Bullish or Bearish? The spinning top candlestick pattern is neutral by nature. Its significance depends on the context within the price chart. When it appears at the end of an uptrend, it may signal a bearish sentiment, while at the end of a downtrend, it can indicate a potential bullish reversal. What Does a Spinning Top Candle Indicate? This pattern indicates a period of indecision and balance between buying and selling pressure. Depending on its position within a trend, it can signal consolidation, continuation, or a reversal in price direction. What Is the Spinning Top Rule? There is no fixed "rule" for spinning top trading. Traders typically look for confirmation from subsequent price movements or other technical indicators to decide on a course of action. Is Spinning Top a Doji? Although similar, spinning tops and doji candles differ. A spinning top has a small body with visible discrepancies between opening and closing prices, whereas a doji’s body is almost non-existent. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
EURUSD → Pre-break consolidation against 1.053FX:EURUSD continues to form bullish hints for a possible continuation of growth. There is strong resistance ahead and the market is forming a pre-breakdown consolidation The dollar continues its correction amid economic data, the country's politics and hints from Trump and Powell of a possible rate cut soon. The euro is benefiting from the dollar's decline, but how long will it last, especially amid the tariff war between the U.S. and Europe? Technically, at the moment, the chart indicates a bullish outlook. Within the local uptrend, an ascending triangle is forming, which generally indicates bullish interest in the market. The focus is on the pattern base - resistance at 1.053. Support levels: 1.045, 1.040 Resistance levels: 1.053 If the dollar continues its downward course, the currency pair has all chances to grow. A retest of the trend support (false breakout) before the resistance breakout is possible. Breakout and consolidation of the price above 1.053 may provoke growth. Regards R. Linda!
Long
by RLinda
2
EURUSD My Opinion! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0373 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0429 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
Bullish bounce off 61.8% Fibonacci support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.0373 1st Support: 1.0325 1st Resistance: 1.0464 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
EUR/USD 4-Hour Timeframe AnalysisEUR/USD 4-Hour Timeframe Analysis The EUR/USD pair has recently shown signs of potential bullish momentum following a prolonged period of consolidation. After a sustained downtrend, the price entered a phase of uncertainty, creating a range-bound structure. During this consolidation, we identified critical minor and major key levels that could play a pivotal role in future price movements. A key area of interest lies at the 1.04300 level, which initially acted as resistance. Although the price briefly broke above this level, it turned out to be a false breakout, triggering premature buy orders. Following this, the price dipped below, only to rebound and break through 1.04300 once again, signaling buy-side accumulation. The current market behavior suggests that the price is actively hunting liquidity in the stop-loss zones. Our strategy is to wait for a short retest above the liquidity zone before entering a buy position. We are setting a buy limit at 1.03850, with a stop-loss (SL) at 1.03140 (50 pips below the minor key level) and a take-profit (TP) at 1.06030, which aligns with the next significant major key level. Fundamental Insight: Recent macroeconomic data provides additional context to our technical outlook: USD Unemployment Claims: Yesterday's release showed 222K actual versus 219K previous, indicating a slight increase in jobless claims. A higher-than-expected figure may reflect some softening in the U.S. labor market, which could weaken the USD and provide further support for EUR/USD upside. EUR German Prelim CPI m/m: The upcoming German Consumer Price Index (CPI) forecast is 0.4%, higher than the 0.2% previous reading. An increase in inflation expectations could reinforce hawkish sentiment from the European Central Bank (ECB), potentially strengthening the Euro in the short term. Market Outlook: Given the technical setup and supporting fundamentals, we are monitoring a potential bullish move. However, confirmation through a successful retest and alignment with key economic releases remains crucial for trade execution. Trade Parameters: Entry: Buy limit at 1.03850 Stop Loss: 1.03140 (50 pips below the minor key level) Take Profit: 1.06030 (next major key level) 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Long
by RebornFXTrader
2
EURUSD I H4 CLS range, Key Level OB + BPRHey Traders!! Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions! 🧩 What is CLS? CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion. ✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets. 🛡️Follow me and take a closer look at Models 1 and 2. These models are key to unlocking the market's potential and can guide you toward smarter trading decisions. 📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow. Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader! “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave Hunter ⚔
Long
by David_Perk
12
Eur/Usd (Mar/04) Weekly biasHello everyone... as you can see 1.05 to 1.054 is major resistance and if you go to monthly-weekly chart you can see that + weekly 21 ema + D 100 ema-ma ............. but i think price can go above that area... Monthly Open above Monthly pivot also right now price is above weekly pivot and euro attacked this area so many times... ( but if price can't close above 1.054 is bad for euro ) ....................................................... ( This is an idea and entry-tp-sl placed for my own trade , you can change entry-tp-sl depends on your risk management )
Long
by btchodll
3
Bullish & Bearish Reversal Divergence Trading in Forex🔍 Bullish & Bearish Reversal Divergence Trading in Forex: A Detailed Overview Divergence is a powerful concept in technical analysis — it helps spot potential trend reversals and momentum shifts. Let’s dive into the details with clear strategies and some visual flair! 🚀 🧠 What is Divergence? Divergence happens when price action and a technical indicator (like RSI, MACD, or Stochastic) move in opposite directions. This hints that the current trend is losing strength and a possible reversal is coming. 📈 Types of Divergence 🐂 Bullish Reversal Divergence (Buy Signal) Price: Makes lower lows ⬇️ Indicator: Makes higher lows ⬆️ Meaning: Sellers are losing momentum; buyers might take over soon. Signal: Potential uptrend reversal ahead. 🔑 Key Confirmation Tools: Support zone bounce 🛑 Bullish candlestick patterns (Hammer, Engulfing) 🕯️ Increased buying volume 📊 💡 Example Setup: RSI makes a higher low while price drops lower — prepare for a long (buy) position. 🐻 Bearish Reversal Divergence (Sell Signal) Price: Makes higher highs ⬆️ Indicator: Makes lower highs ⬇️ Meaning: Buyers are losing strength; sellers could take control. Signal: Potential downtrend reversal ahead. 🔑 Key Confirmation Tools: Resistance zone rejection 🚧 Bearish candlestick patterns (Shooting Star, Engulfing) 🌑 Increased selling volume 📉 💡 Example Setup: MACD makes a lower high while price pushes higher — prepare for a short (sell) position. 🛠️ Best Indicators for Divergence Trading RSI (Relative Strength Index) – Tracks overbought/oversold conditions. 📊 MACD (Moving Average Convergence Divergence) – Measures momentum shifts. 💥 Stochastic Oscillator – Identifies trend strength and reversals. 🎢 🎯 Divergence Trading Strategies 1️⃣ Classic Divergence Strategy Spot bullish or bearish divergence. 🔍 Confirm with support/resistance levels. 🧱 Wait for a reversal candlestick pattern (like a Doji, Engulfing, or Pin Bar). 🕯️ Enter trade with a tight stop loss below support (for buys) or above resistance (for sells). 🎯 2️⃣ Divergence + Trendline Break Strategy Draw a trendline following the current trend. 📐 Spot divergence as the trend loses strength. 🚨 Wait for a trendline breakout for extra confirmation. 💥 Enter trade on the break and retest of the trendline. 💯 3️⃣ Divergence + Moving Average Strategy Spot divergence between price and indicator. 📉 Use a moving average (MA) like the 50 EMA or 200 EMA to confirm the trend shift. 📈 Buy when price crosses above the MA after bullish divergence. 💚 Sell when price crosses below the MA after bearish divergence. ❤️ ⚠️ Common Mistakes to Avoid 🚫 Ignoring confirmation: Always wait for candle closes or breakouts. 🚫 Forcing divergence: Only trade when divergence is clear. 🚫 Skipping risk management: Use a stop loss and position sizing. 🚫 Overtrading small timeframes: Higher timeframes (4H, Daily) offer more reliable signals.
Education
by ProjectSyndicate
28
EURUSD - Minor correction and upward movement this weekGiven the CH in the 4-hour timeframe, we can see a correction in the upper timeframe to continue the flow of bearish orders and a temporary upward move in the lower timeframe. Given the flow of bearish orders in the daily timeframe, we cannot see a significant growth and in fact this upward move in the lower timeframe is a corrective wave in the flow of bearish orders in the upper timeframe. So this week we can see a rise to the range of 0.04528 to 0.04770. So I repeat, do not forget that this upward move is temporary because there is still a downward flow of orders in the daily timeframe.
Long
by alixjey
1
EURUSD Trend in European and US SessionsEUR/USD news: 🔆Weakening U.S. economic data weighed on the U.S. dollar, as the Conference Board’s consumer confidence index dropped by 7 points in February to 98.3, marking its third consecutive decline, according to Tuesday’s data release. 🔆Meanwhile, Richmond Federal Reserve President Thomas Barkin projected another decrease in Personal Consumption Expenditure (PCE) inflation later this week, acknowledging the Fed’s progress in curbing inflation. Despite his positive outlook, Barkin stressed the importance of a cautious "wait and see" approach due to ongoing policy uncertainties. 🔆The EUR/USD pair strengthened as the Euro found support from rising optimism over potential fiscal expansion in Germany. Reports suggest that the country is considering a €200 billion emergency defense fund, fueling investor confidence. 🔆Additionally, Frederich Merz, leader of the Christian Democratic Union (CDU) and Germany’s incoming chancellor, has not dismissed the possibility of modifying the debt brake to finance crucial initiatives such as tax cuts, reduced energy costs, and increased military spending, further boosting sentiment around the Euro. Personal opinion: 🔆EUR/USD is still maintaining its upward momentum based on good news from Europe. There will be a slight pullback due to the increase in the US 10-year bond yield but this is an opportunity to buy at a cheaper price than the market Analysis: Based on important resistance - support zones and Fibonacci levels combined with SMA50 to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy EURUSD 1.0470 – 1.0450 ❌SL: 1.0420 | ✅TP: 1.0520 – 1.0560 – 1.0600 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
3