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EURUSD trade ideas

EUR/USD: hits new 16-week lowEUR/USD is trading around 1.078 and the technical picture remains heavily bearish after failing to break above the 1.0800 resistance level. The decline comes as Fibre falls sharply ahead of Thursday’s new round of Purchasing Managers’ Index data. ECB officials have played down economic concerns, reiterating the need for caution when considering future rate cuts. As seen on the 1-hour chart, it can be seen that the price remains below the 34, 89 EMAs and the price wedge has not been broken, suggesting that the downtrend is not over yet. This usually allows sellers to still gain the advantage of a more bearish reversal in the near term, potentially reaching lower levels around 1.0740. Happy trading.
Short
by Bentradegold
1
EUR/USD Sells to continue from 1.08300 or 1.08500EU Analysis Breakdown: My bias for EU aligns closely with GU, anticipating a continued bearish trend as long as the DXY remains bullish. I’ve marked out two supply zones and will wait for either to be mitigated, followed by my lower time frame execution model involving Wyckoff principles. Once I spot a Wyckoff distribution pattern, liquidity sweep, and CHOCH, I’ll initiate a sell position to keep with the downward trend. If price reaches the 9-hour demand zone at 1.07500, I’ll assess potential buy opportunities there. Confluences for EU Sells: - Strong bullish momentum in the DXY supports a downward bias for EU. - EU’s consistent bearish structure aligns with this trend-following approach. - An untouched supply zone provides a key area for potential sell entries. - Significant downside liquidity offers additional targets. P.S. Price could alternatively rise due to the liquidity above the supply zone, particularly around Asia session highs. Trade safely and stay smart out there!
Short
by Hassan_fx
EURUSD hit the MA50 (4h) after 1 month. Buy if it breaks.EURUSD hit today its MA50 (4h) for the first time since September 30th. The pattern remains a Channel Down though, so the trend remains bearish unless a (4h) candle closes above the MA50. Trading Plan: 1. Buy after a (4h) candle closes above the MA50. Targets: 1. 1.09500 (Resistance 1). Tips: 1. The RSI (4h) is already on a bullish reversal and a Higher High. If the MA supports, it will be an extra bullish signal. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
EURUSDSentiments - In recent Presidential Race Trump win which have strong posstive affect to USD - Today is Friday Possible Trader are closing their position which may reach the near Support Reason for Entry in Daily Timeframe there is Fair value gap also daily swing, also looking in 1hour time frame there is also fair value gapand CISD break, and in 15 minute where i enter the trade the CISD break and confirm Trade Plan I have four entry and my position is not just big because im starting, my stoploss are above the swing where the trade is invalided if it goes there and i have four TP area and each of them is in near swing and POI daily
Short
by manlagasca18
Euro-dollar might have found a floor for now around $1.07Apart from the dollar’s general strength in the aftermath of Donald Trump’s clear win, the collapse of the German coalition government has also affected the euro negatively. Markets are currently pricing in a drop to 2% for the main refinancing rate by June 2025 while Fed will probably remain about double that then according to CME FedWatch. 6 November’s drop was extremely sharp as the results of the American elections started to show a clear win for Mr Trump. As expected, $1.07 has held as a support for now but is very likely to be tested again in the next week or so. $1.07 is an important support primarily because that area was the source of the uptrend in July-August and because of the presence of the 100% monthly Fibonacci retracement. Given the fundamental outlook, it’ll probably be broken sooner or later, but how soon depends on the reaction to inflation on 13 November. The upside seems to be quite limited in the near future. The attempt to move back above $1.08 on 7 November was rejected but if American inflation next week is lower than expected there might be a retest of the 200 SMA around $1.087. This is my personal opinion which does not represent the opinion of Exness.
by Michael_Stark_Exness
EUR/USD 1-Hour Chart Breakdown🚀 EUR/USD 1-Hour Chart Breakdown 🚀 Current Price Levels: Right now, EUR/USD is around 1.0777. Key levels to watch include 1.08108 (resistance) and 1.07463 (support). These levels could be crucial for breakouts or reversals. Recent Trend: We had a significant drop, followed by a slight recovery that seems to be consolidating. It looks like price is moving within a range between 1.07463 and 1.08108. Potential Moves: Bullish: If we break above 1.08108, it could signal more upside momentum. Bearish: If it drops below 1.07463, the downtrend might continue, targeting lower levels like 1.07178. For now, it's in a bit of a consolidation zone. Keep an eye on those support and resistance levels to catch any big moves! 📊👀
by mubeenbinsaddiq
Republicans Retake Senate, EURUSD Holds at Critical ResistanceFxNew s—The October 23 low at 1.076 is the immediate resistance. The EUR/USD price is likely to exceed this level. If this scenario unfolds, the consolidation phase could extend to the 50% Fibonacci retracement level, backed by the bearish fair value gap area. This level provides a decent opportunity to join the bear market. Therefore, traders and investors should closely monitor the resistance area that expands from 1.081 to 1.084, backed by the 100-SMA, for bearish signals.
by FxNews-me
EURUSD map: Down to 1.04-1.00 Then Up to 1.16-1.21EURUSD is in the second leg down to complete a complex correction (red down arrows). There are three crucial target points for drop to watch: 1) Valley of red leg 1 at 1.0448 and 50% Fib at 1.0406 2) 61.8% Fib at 1.0200 3) Touch point of the throwback to broken trendline around parity Next is the reversal to upside within the large leg 2 up (blue up arrows). The possible targets depend on the depth of the current drop, the deeper the lower the upside target. From the first point of drop EURUSD could hit 1.21 area. From the lowest valley of parity it could reach 1.16 handle.
Education
by aibek
Post-Election and FOMC Impact— EURUSDEURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD under downward pressure. The next focal point for the market is today’s FOMC decision, which could set the tone for the pair in the days ahead. --- Election Impact on EURUSD: The initial dip in EURUSD following the election highlights its sensitivity to U.S. political events. Market sentiment was cautious as investors digested updates, pushing the dollar up and sending EURUSD lower. This movement suggests continued dollar strength unless political clarity reduces the appeal of safe-haven assets. --- Focus on Today’s FOMC Decision: With the FOMC’s interest rate announcement imminent, we may see additional volatility. While rates are likely to remain unchanged, hawkish commentary or projections for future hikes could support further dollar gains, pushing EURUSD lower. Conversely, a dovish statement could trigger a dollar pullback, allowing EURUSD to approach the anticipated resistance level at 1.0800. --- Technical Analysis and Forecast: Currently trading at 1.0740, EURUSD is positioned near a key support zone. Short-term technical indicators point to potential resistance around 1.0800, which aligns with critical Fibonacci levels and a prior trendline. The pair may briefly reach this level before a likely reversal due to strengthening dollar fundamentals. Once EURUSD tests 1.0800, we anticipate a decline toward our downside target of 1.0660, a support level with historical significance. --- Conclusion: Today’s FOMC statement, paired with the ongoing effects of the U.S. election, positions EURUSD for a brief rally toward 1.0800, followed by a downturn targeting 1.0660. This range provides both resistance and support benchmarks, offering potential entry and exit points.
Short
by forexorbit