Get started

Euro / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURUSD trade ideas

HelenP. I Euro can reach trend line, break it, and continue riseHi folks today I'm prepared for you Euro analytics. Some time ago price traded between resistance 2, which coincided with the resistance zone, and then rose until to trend line, making a first gap. After this, EUR turned around and dropped below resistance 2, breaking it and then made a retest, after which dropped to resistance 1, which coincided with one more resistance zone. Next, the price broke this level and started to trades inside consolidation, where it soon fell to the support level, which coincided with the support zone and even made a movement down to 1.0330 points. Then in a short time, the EUR backed up to consolidation, making a second gap, and then rose to the trend line inside the range. After this movement, the price turned around and declined to the support level, where trades are near now. In my mind, EURUSD will rise to the trend line, and then make little correction movement. Then price can break this line and continue to move up to the 1.0630 resistance level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment.
Long
by TheGrove
5
Learn Best Price Action Patterns For Trend-Following Trading In this educational articles, I will teach you the best price action patterns for Trend-Following Trading Forex. 📍Ascending & Descending Triangles The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 main elements: a horizontal neckline based on the equal highs, a rising trend line based on the higher lows. ❗️The trigger is a bullish breakout of a neckline of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying at least below the level of the last higher low. 🎯Take profit is the next historical resistance. Look at an ascending triangle formation on EURUSD on an hourly time frame. On the left, you can see the structure of the pattern and on the right, the trading plan. 📍The descending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 main elements: a horizontal neckline based on the equal lows, a falling trend line based on the lower highs. ❗️The trigger is a bearish breakout of a neckline of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying at least above the level of the last lower high. 🎯Take profit is the next historical support. Above is a perfect descending triangle pattern that I spotted on GBPUSD on a 4H time frame. 📍Bullish & Bearish Wedges The bullish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 contracting falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying below the low of the pattern. 🎯Take profit is the high of the pattern. Above is a falling wedge pattern that I found on GBPUSD. The pattern is formed after a strong bullish impulse. A trigger to buy is a bullish breakout of its resistance. —————— The bearish wedge pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 contracting rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying above the high of the pattern. 🎯Take profit is the low of the pattern. To correctly sell this rising wedge pattern on EURUSD, we should wait for a breakout of its horizontal support and then sell the market on its retest. 📍Bullish & Bearish Flags The bullish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish and the pattern is directed to the downside. The pattern consist of 2 parallel falling trend lines based on the lower lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying below the low of the pattern. 🎯Take profit is the high of the pattern. Above, you can see a perfect example of a bullish flag pattern on EURUSD on a 4H time frame and its trading strategy. —————— The bearish flag pattern will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish and the pattern is directed to the upside. The pattern consist of 2 parallel rising trend lines based on the higher highs and higher lows. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying above the high of the pattern. 🎯Take profit is the low of the pattern. Above is a bearish flag pattern on GBPUSD and a full plan to sell the market based on it. 📍Bullish & Bearish Symmetrical Triangles The bullish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bullish breakout of a resistance of the pattern and candle close above. 📈The position is opened on a retest. 🔴Stop loss is lying at least below the last higher low of the pattern. 🎯Take profit is the high of the pattern. This bullish symmetrical triangle on EURUSD on an hourly time frame is a perfect example of a bullish trend-following pattern. —————— The bearish symmetrical triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bearish. The pattern consist of 2 contracting symmetrical trend lines based on the higher lows and lower highs. ❗️The trigger is a bearish breakout of a support of the pattern and candle close below. 📉The position is opened on a retest. 🔴Stop loss is lying at least above the last lower high of the pattern. 🎯Take profit is the low of the pattern. On the left chart, you can see a structure of a valid symmetrical triangle. On the right chart, you can see how to trade it properly. The main difficulty related to trading these patterns is their recognition. You should train your eyes to recognize them on a price chart. Once you learn to do that, I guarantee you that you will make tons of money trading them.
Education
by VasilyTrader
10
Hellena | EUR/USD (4H): Short to Support area 1.02539.Dear Colleagues, due to the recent sharp price movement, I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order. I expect that the price should update the nearest local minimum of the wave “3” 1.03350. I expect the price to reach at least the area of 1.02539. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
3
EURUSD → Consolidation before Fed Interest Rate DecisionFX:EURUSD is in a consolidation phase, as is the dollar index. The outcome could be decided this week. Traders are waiting for the FED meeting on US interest rates Globally the trend is neutral, but the price is consolidating near the key support that has been holding the market for two years. Aggressive interest rate cuts in Europe are putting overall negative pressure on the currency pair. The dollar may go into a downward correction if the decision to cut interest rates is made on December 17-18. But any hint of hawkish policy on the part of the Fed may strengthen the dollar, which will intensify the decline in EURUSD Resistance levels: 1.0607, 1.065 Support levels: 1.045, 1.033 Based on interest, amid the downtrend, the price has not yet reached the key liquidity zone. Before important news, the market may reach 1.0607. But based on the technical and fundamental background, the fall may continue, and a breakdown of 1.0448 will strengthen this fall. Regards R. Linda!
Short
by RLinda
2
EURO - Price can break resistance level and continue to riseHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded inside flat, where it declined to resistance area and then rose to top part of flat. Also, when price rose to top part of flat, EUR made a first gap and then made downward impulse. Price exited from flat and continued to decline inside falling channel, where it broke $1.0760 level and continued to fall. Later price reached $1.0520 level, some time traded near, and then declined to $1.0335 points, exiting of falling channel. Euro started to grow inside rising channel, where it made a second gap and some time traded between $1.0520 level. Now price trying to break $1.0520 level, and I think it can break it and continue to grow to $1.0720 in channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
Fed Rate Expectations: How Are They Formed?Changes in the Federal Reserve's funds rate have far-reaching implications for nearly all existing assets. When the rate increases amidst moderate inflation, the U.S. dollar TVC:DXY typically strengthens, attracting capital from both the cryptocurrency and stock markets. Conversely, if inflation is rising rapidly and the Fed is compelled to aggressively raise rates to stabilize the economy, investors often interpret this as a sign of underlying trouble, prompting them to shift their assets into TVC:GOLD . However, it is essential to recognize that the Fed’s decisions are reactions to prevailing economic conditions. More crucially, market expectations regarding the Fed's rate movements—shaped by collective sentiment—play a significant role in shaping economic outcomes. This post explores the factors that form these expectations. 📍 Key Indicators Influencing Expectations for the Fed Funds Rate The market tends to respond significantly only when actual changes in the funds rate diverge from expectations. If adjustments align with market forecasts, the exchange rate of the U.S. dollar typically remains stable. Thus, accurately predicting the Fed's actions is vital for investors and traders. 1. Labor Market Dynamics The labor market is a primary focus for the Fed. The Bureau of Labor Statistics (BLS) releases employment reports every Friday, providing insight into unemployment rates. The Fed maintains a forecast range for acceptable unemployment levels—generally between 4.2% and 4.8%—indicating economic balance. An uptick in unemployment signals economic weakness, often prompting a reduction in the funds rate. Conversely, a decline in unemployment raises concerns about potential economic overheating, which could lead to tighter monetary policy. 2. Inflation Trends The Fed’s target inflation rate is set at 2%. As inflation rises, the Fed typically increases the funds rate to curb borrowing. This was clearly illustrated during the 2022-2023 period, where persistent inflation above 8% led to a series of rate hikes. In contrast, deflation would necessitate maintaining ultra-low funds rates. Additional indicators to monitor include wage trends, inflation expectations, and the consumer price index (CPI). 3. Overall Economic Health Gross Domestic Product (GDP) is a key indicator of economic health. Although GDP data is often retrospective, it reflects long-term economic trends. A decline in GDP may prompt the Fed to adopt stimulative monetary policies. Analysts often utilize the GDPNow model, developed by the Federal Reserve Bank of Atlanta, to obtain real-time estimates of U.S. GDP growth. 4. Treasury Yield Curve The yield curve illustrates the relationship between bond yields of different maturities from the same issuer. A flattening yield curve typically signals economic slowdown, while long-term bonds yielding less than short-term bonds can foreshadow a recession. The Fed could respond to such signs by adjusting funds rates higher depending on the crisis’s underlying causes. 5. Global Economic Influences Economic conditions in other major economies, particularly China and the European Union, can indirectly impact the U.S. economy due to deep economic ties. Monitoring central bank funds rates and the Purchasing Managers’ Index (PMI) in these regions is essential. 6. The Dollar’s Exchange Rate Against Key Currencies A strong U.S. dollar can adversely affect American exporters. If other central banks, such as the Bank of Japan or the European Central Bank, adopt accommodative monetary policies, the Fed may also consider lowering rates to avoid a detrimental trade balance caused by a strengthening dollar. 7. Market Expectations Investor sentiment creates a feedback loop. With over 50% of Americans investing in equities, a hawkish stance on funds rates tends to increase bond yields and instigate a sell-off in securities, negatively impacting overall economic wealth. Investors’ anticipation of potential rate cuts can pressure the Fed to align with these expectations. 8. Communication from Fed Officials The rhetoric from Fed officials often hints at future monetary policy, providing insights into rate expectations based on their communications. Numerous indicators, including analysts’ forecasts and futures trading on key rates, contribute to understanding the Fed's policies. Due to the complexity of these influencing factors, relying solely on fundamental analysis for trading is not advisable for beginners. 📍 Conclusion Forecasting changes in the Fed's funds rate often begins with the first clear signals about the Fed's potential actions. The primary motivations guiding the Fed are the control of inflation and the management of unemployment—making these two indicators crucial for predictions regarding monetary policy. Additionally, it is essential to consider fundamental factors impacting other major currencies. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
2
DROP , BASE , RALLY Pattern DROP , BASE , RALLY pattern is my most favorite pattern to identify on charts and take trades accordingly. Simple explanation of this pattern is that '' price drops to a certain level and then starts accumulation or form base level with bit of liquidity hunt to the down side. Bullish rally begins after the liquidity hunt and formation of strong base. In this pattern we can take several trades by managing risk with the stop loss at previous low or high. This Pattern can be identify in any financial market with the accuracy of above 80%. (personal point of view on experience) Not a financial advice, trade on your own risk. Only for educational purpose. Regards: Javed ali nagri
Long
by javedalinagri
1
EUR/USD: Euro Under Pressure, the Impact of Future Rate cutsThe EUR/USD currency pair began its London session with a promising bullish impulse. Initially, it appeared that the euro was gaining traction as investors showed renewed interest. However, this optimism was short-lived as the European Central Bank (ECB) officials signaled support for further interest rate cuts, leading to a swift reversal of intraday gains. Market analysts expect the ECB to implement a substantial interest rate reduction of around 100 basis points in the upcoming year. This prospective easing of monetary policy has raised concerns among investors, prompting them to reevaluate their positions in the euro. As the sentiment shifts, market participants are paying close attention to the ECB’s next moves and how they will impact the euro's valuation. In addition to developments from the ECB, investors are also focused on the Federal Reserve's dot plot, which will provide insights into future interest rate projections in the United States. As the Fed navigates its monetary policy landscape, any signals of tightening could play a significant role in influencing global currency movements, particularly with the euro in the spotlight. The Current State of the Euro As I write this article, the euro has surrendered its intraday gains and is trading around the critical psychological level of 1.0490. This decline reflects strong bearish pressure currently weighing on the currency. From a technical analysis perspective, the trends suggest a sustained downturn, raising questions about the euro's ability to regain its footing. Looking back over the past decade, seasonality data reveals a generally bullish trend for the euro during this period. However, the recent political climate, particularly the election of President Trump, has fortified the DXY’s (U.S. Dollar Index) upward momentum. This unexpected resilience of the dollar adds another layer of complexity to the euro’s outlook. With a target price established at 1.0350 for the euro, market analysts see potential for further declines. If the euro approaches this level, it could prompt a reaction from traders. However, at this juncture, the sentiment indicates little chance for a significant reversal in direction. The coming weeks will be critical as both European and U.S. economic data continue to unfold, shaping the trajectory of the EUR/USD pair. In conclusion, while the EUR/USD pair started on a bullish note, the recent signals from the ECB and the prevailing market sentiment point toward a challenging environment for the euro in the short term. Traders will need to navigate carefully as they weigh the implications of interest rate cuts and geopolitical developments in their strategies. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
4
EURO - Price can bounce up from support level to $1.0650Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined inside falling channel, where it fell from resistance line to $1.0765 level. Then price rose to resistance line of channel, making first gap and then making a downward impulse, exiting from channel. Also then, EUR continued to decline inside a downward pennant, where it broke $1.0765 level and later fell to $1.0470 level. Next, price declined to support line of pennant, after which made a second gap and rose to resistance line of pennant, After this, Euro declined to $1.0470 level and some time traded near, but now it trades close support line. Possible, price can fall to support level, exiting from pennant and then bounce up to $1.0650 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Forex Traders Await the Fed's DecisionForex Traders Await the Fed's Decision The Federal Reserve is set to announce its interest rate decision today at 21:00 GMT+2, with Fed Chair Jerome Powell holding a press conference 30 minutes later. According to Forex Factory, the market expects a rate cut to 4.25%-4.50% from the current 4.50%-4.75%. Analysts at Apollo Global Management, in their Economic Outlook, predict: → In 2025, the Fed will continue lowering rates but at a slower pace than the market anticipates; → By the end of 2025, the rate is expected to settle at 4.0%. In anticipation of today's decision, the currency markets are experiencing a period of calm. The technical analysis of the EUR/USD chart shows that the pair consolidates between the upper boundary of a descending channel and the lower black support line, forming a narrowing triangle pattern (highlighted in purple). Today's Fed meeting could trigger a surge in volatility, potentially driving sharp movements in USD pairs. For EUR/USD, opposite scenarios are possible: → An upward movement with a bullish breakout of the upper boundary of the long-term descending channel; → Continuation of the downtrend with a breakout below the lower black support line. 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.
by FXOpen
2
Possible breakout push on Durable GoodsSeeing a quick rebound from the interest rate, I think the euro will continue its momentum thru the holiday season week ahead. Durable goods will be an important catalyst in this idea, for the euro to breakout the current downtrend, driven by economic uncertainty for the euro overall to see possible higher highs. I’m not getting comfortable with the euro, but it’s historically a decent week for a breakout. First published idea, any thoughts? Please share, newer trader.
Long
by Whale_Food
2
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0482 2nd Support – 1.0445 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
32
EURUSD: let it come up and make a top, Fade the top Follow the blue line. If it develops like the blue line, the trading pattern is being verified. Same with after entry: if the pair does not move like the blue line, I will look to get out extremely fast, with immediate closing of the trade, so I am not stuck in a trade that isn't part of the trading plan. In essence, a simplified way to think of this is that, based on my reading of the chart, I have mapped out a path for the pair. If the pair and the map match, the trade is on, and active. If either the map or the pair goes off script, I am out of the trade. Also, some may wonder why not trade the blue line on the way up. That is certainly a valid trade, if we are comfortable enough with how the pair is acting currently and believe that there is enough there for us to say the pair is following the script. I would just propose that if we waited for more information, we have more confirmation that our read is correct. Furthermore, the downward move would seem to have a stronger momentum. TLDR: the more it follows the blue line, the more possibility for a smooth trade.
Short
by SAILBOATEVANMOSERS
1