Eurusd Asian Session #eurusd 1.056,1.057, 1.058. Asian session, mind NY session low, bank levels. 🕛🏛🎫 €$ #usd #eu #eur #euro. These are the levels banks are looking at. Thanks.
EURUSD trade ideas
IDEA EURUSD SHORT POSITIONHI TRADERS
Pair : EURUSD
Position : SHORT ( SELL)
Entry Price : 1.06300
STOP LOSS @ 1.06550
TP 1 @1.06050
TP 2 @1.05800
TP 3 @1.05500 ( Trailing SL )
EURUSD UpdateWe extend our SL and TP on this pair because it look there is more potential
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Read The EURUSD MarketLet's Look at EURUSD Chart and Follow Price Actions and Find Some Trade Opportunities, Good Luck With Your Trades <3
EUR/USD FundamentalThe EUR/USD pair is influenced by a variety of fundamental factors, including:
Euro-Zone Factors:
Economic Growth: The Eurozone's economic growth rate relative to the US economy plays a significant role. Stronger growth in the Eurozone tends to support the Euro.
Inflation: The European Central Bank's (ECB) monetary policy decisions, particularly interest rate adjustments, are influenced by inflation levels. Higher inflation can lead to tighter monetary policy, which may strengthen the Euro.
Political Stability: Political events and uncertainties within the Eurozone, such as elections or government instability, can impact market sentiment and the Euro's value.
US Factors:
Economic Growth: The US economy's growth rate relative to the Eurozone is a key factor. Stronger US growth can strengthen the US Dollar.
Inflation: The Federal Reserve's (Fed) monetary policy decisions, including interest rate adjustments, are influenced by US inflation. Higher inflation can lead to tighter monetary policy, which may strengthen the US Dollar.
Political Stability: Political events and uncertainties within the US, such as elections or government instability, can impact market sentiment and the US Dollar's value.
Global Factors:
Risk Appetite: Global risk sentiment can affect both currencies. During periods of increased risk aversion, the US Dollar, often considered a safe-haven currency, may strengthen.
Commodity Prices: Fluctuations in commodity prices, particularly oil, can impact both economies. Rising oil prices can benefit the US economy, while it can negatively impact the Eurozone, which is a net importer of oil.
Geopolitical Events: Global geopolitical events, such as wars or trade tensions, can influence both currencies.
Additional Considerations:
Market Sentiment: Overall market sentiment, including investor confidence and risk appetite, can impact the EUR/USD pair.
Technical Analysis: Technical analysis, which involves studying price charts and patterns, can provide insights into potential price movements.
Central Bank Interventions: Central bank interventions, such as currency market interventions or changes in monetary policy, can significantly impact the EUR/USD pair.
It's important to note that the EUR/USD is a complex pair influenced by a multitude of factors. Staying informed about economic indicators, central bank policies, and geopolitical events is crucial for understanding the pair's dynamics. Additionally, consulting with financial experts or using reliable market analysis tools can help you make informed decisions when trading or investing in the EUR/USD.
#EURUSD - 13112024I was looking for a long in EURUSD yesterday off 1.0620. Price came down to this level, based off it, but made another move lower before rebounding to close near 1.0620 buy level.
For today, I will keep to my view for yesterday. Look for price to break above PZ, re-test for the long to target the same 1.0713 level given yesterday.
9RR EURUSD TRADEwe are awaiting a decent pullback on the daily timeframe, we hit a 4H imbalance and created a 15min choch to the upside,
I will be holding this and taking partials along the way
An idea for EUR/USDIt seems that the break of the long-term trend line of the euro was done the other day after the election of Trump as the president of the United States. In this range up to 1.06, we can expect to continue the fall. A position with R:R equal to slightly more than 1. It is not very attractive to enter, but you can think about it!
EUR/USD slips to 7-month low on weak eurozone confidence dataThe euro can’t seem to find its footing. EUR/USD is down for a third straight trading day and has declined 0.38% on Wednesday, trading at 1.0608 at the time of writing. Earlier today, the euro dropped as low as 1.0606, its lowest level since April 15.
The US dollar rose after Donald Trump’s decisive election win, and the dollar is getting a boost as the Republicans are likely to win the House of Representatives. This would give the Republicans control of the House and the Senate and would make it easier for Trump to push through his agenda.
The eurozone ZEW economic sentiment index fell in November to 12.5, down sharply from 20.1 in October and well short of the market estimate of 20.5. It was a similar story for the German ZEW release, which fell from 13.1 to 7.4, shy of the consensus of 13. Investors and analysts are pessimistic about the economic outlook for two reasons. First, the Trump victory could signal new tariffs on European products and even trigger a trade war, the last thing the weak eurozone economy can afford. The second concern is the collapse of the German government coalition, with a snap election called for Feb. 23.
The European Central Bank meets next month and has signaled another reduction. ECB Governing Council member Olli Rehn said on Tuesday that a December cut is likely. The markets have priced in a reduction of 35 basis points in December, suggesting that traders are split on whether the ECB will opt for a cut of 25 or 50 basis points. There are differing opinions among the Governing Council members and we’re likely to see these opposing views aired in the coming weeks.
EUR/USD tested support at 1.0614 earlier Below, there is support at 1.0572
There is resistance at 1.0671 and 1.0713
eurusd daily setupprevious daily high was not swept.but the market still shifted to the down side creating a fair value gap on the 15minute timeframe pushing hte market down to its equillibrium
SELL EURUSDGood morning traders, I’m sharing with you this trade on EURUSD, you can sell with the same levels I set for you.
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EUR/USD Analysis – Potential Reversal ZoneOverview: This analysis focuses on the EUR/USD 1-hour chart, which is showing a strong downtrend within a descending channel. Price has reached a critical support area and is consolidating within a potential reversal zone.
Technical Analysis:
Descending Channel: The pair is trading within a well-defined downward channel, indicating sustained bearish pressure.
Support Zone: Price is consolidating within the shaded support zone, suggesting a possible pause in selling momentum.
Possible Scenarios:
Bullish Breakout: A breakout above the channel resistance could signal a reversal, with potential targets at the next resistance levels (highlighted by arrows).
Continuation: If the support zone fails, further bearish movement could extend towards the lower levels near 1.0600.
Trade Plan:
Bullish Entry: Look for a breakout and retest of the channel's upper boundary for confirmation of a trend reversal.
Bearish Continuation: Monitor for rejection within the consolidation zone to confirm continued selling pressure.
Key Levels:
Support: 1.0620 - 1.0640
Resistance: 1.0675, 1.0700
Disclaimer: This analysis is for educational purposes only. Always trade with a proper risk management strategy.
EUR/USD Under Pressure Amid USD Strength and Eurozone ConcernsToday, the EUR/USD currency pair is under downward pressure due to a strengthening U.S. dollar.
This decline follows recent market uncertainty, particularly as the U.S. political landscape has experienced volatility, and strong U.S. economic data has fueled demand for the dollar.
The euro has also been weakened by economic concerns in Europe, including ongoing challenges in Germany, which have reduced investor confidence in the eurozone's stability.
Looking forward, the EUR/USD pair may face further downward movement if the U.S. economy continues to strengthen, driving expectations of higher interest rates.
If the pair breaks below the 1.0650 support level, it could move towards lower levels in the short term. However, political events and economic data will remain key factors influencing the pair's direction.
EUR/USD Continues to DeclineEUR/USD fell to a 30-week low on Monday, starting the week with a 0.6% decline. The pair continues to weaken below the 1.0700 level as Euro investors remain cautious, awaiting key US inflation (CPI) data and Eurozone GDP figures to be released later in the week. The Euro is under pressure mainly due to investors focusing on US economic indicators, especially the October CPI, which could influence the Federal Reserve's decision to maintain high interest rates. If inflation continues to rise, the likelihood of the Fed keeping interest rates elevated increases, further strengthening the US dollar and continuing to weigh on EUR/USD.
Currently, EUR/USD is trading around 1.0647, down 0.01%. The key resistance levels are at 1.071 and 1.080, which are significant barriers to any upward momentum for the pair. When EUR/USD tests the 1.071 resistance level, it is likely to reverse and head back toward the 1.064 support zone. Even if there is a potential rebound to test the 1.080 level, breaking through this resistance will be challenging. If the pair fails to break above this strong resistance, the downward trend is likely to continue, with EUR/USD potentially dropping further, even below the 1.064 support level.
Long EUR/USD4HR indicator buying signal, but now waiting a complete break out bar before entering the trade
Euro struggling to catch a bid | FX ResearchThe euro has been getting slammed of late and is once again standing out as a clear underperformer on this Monday.
There are two drivers behind the weakness worth highlighting.
The first is the uncertain political climate in Germany. The German Chancellor has said he'd be open to moving up a parliamentary confidence vote by several weeks to before Christmas, potentially speeding up an early federal election.
The second driver is the fear around the Trump presidency and the impact tariffs will have on the single currency. The FT reported that Robert Lighthizer could once again be appointed as the U.S. Trade Representative. Lighthizer is viewed as a staunch protectionist, which could translate to aggressive tariffs on imports into the U.S.
As for the rest of the currency market, the dollar has been mostly bid, though some of the risk-correlated FX markets have been finding some offsetting demand as U.S. equities continue to push record highs. For the remainder of the day, all will be quiet on the calendar front with the U.S. bond market closed in observance of Veterans Day.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
EUR/USD Analysis Update: Impact of Election OutcomesIn light of recent developments, particularly the election victory of Republican candidate Donald Trump, market sentiment has shifted significantly. As anticipated in my previous analysis, this outcome has fueled optimism, contributing to a further decline of the EUR/USD pair by over 130 pips.
The so-called "Trump trade" continues to support the strength of the USD, as the Republican sweep of both the House and Senate clears the way for the implementation of Trump's policy agenda. From a foreign exchange perspective, this is likely to result in increased fiscal spending, tariffs, and tighter immigration rules. These factors are expected to sustain the DXY (Dollar Index), along with upward inflation pressures that could keep interest rates higher than previously projected.
From a technical standpoint, the bearish trend remains firmly in place across all timeframes:
Daily (D1) Chart: The price action recently broke below the lower boundary of a two-year-old neutral rectangle at approximately 1.0670. This breakout signals further downside potential, with the next key support level at 1.0500, which I expect to be tested by the end of the year.
Weekly (W1) Chart: The price action failed to break below the important support level 1.0640. If this level is breached, the next support at 1.0450 comes into play, indicating the potential for further declines.
Monthly (1M) Chart: Notably, an interesting pattern emerges from historical performance in the last three months of election years. In years when a Democratic candidate won (2012, 2020), the EUR/USD recorded an approximate rise of 4.8%. Conversely, during Donald Trump’s first presidency in 2016, the EUR/USD fell by 4.6% during the same period. If this pattern holds for the October-December timeframe of 2024, we could see the EUR/USD reach levels as low as 1.0425 before a potential correction at the beginning of 2025.
As you've likely heard many times recently - the next few weeks will be critical - in determining whether these levels hold or if we see a more significant breakdown.
EUR_USD (204 Pips)This Forex setup describes a bearish trend where the price is consistently making lower highs and lower lows over the last week. This indicates a downward trend in the currency pair, with sellers gaining control over the price action.
The analysis is based on:
Market Sentiment: There is an expectation of USD strength due to confidence in a potential Trump administration. This sentiment is causing investors to favor USD, pressuring the currency pair down.
Historical Support Level: The setup suggests the price is likely moving toward a significant support level from 12 months ago, at 1.04500. This level might act as a target for the current downward trend.
Potential Pip Movement: With a target level at 1.04500, this movement is anticipated to cover around 204 pips from the current price level. This can be substantial in a short-term Forex trade, signaling a possible opportunity for traders looking to capitalize on the USD strength.
In summary, this setup combines technical indicators of a downtrend (lower highs and lows) with fundamental USD strength, targeting a previous support level, suggesting a 204-pip decline.
EURUSD Wave Analysis 11 November 2024
- EURUSD under bearish pressure
- Likely to fall to support level 1.0600
EURUSD currency pair is under bearish pressure after the earlier breakout of the key support level 1.0685, which has been reversing the price from the middle of June.
The breakout of the support level 1.0685 should strengthen the bearish pressure on this currency pair.
Given the simultaneously bullish USD sentiment and the bearish Euro sentiment seen across the FX markets today, EURUSD currency pair can be expected to fall to the next support level 1.0600 (former strong support from April).
Long Opportunity on EUR USD 4H timeframe On Weekly and Daily We have a Clear downtrend, At the Moment we expect a possible correction to up 1.09300 Level.
According to Breakout downtrend line
After retest of the broken Trend line.
According to Convergence on CCI.
Level up of Zero on CCI.
According to Positive Price Action
Using Fibonacci Retracement to detecting our Target.
That Analysis will be canceled if Price hit SL @ 1.07800.
Long Opportunity On EURUSD 1h Time Frame According to reversal On 4h Time Frame
According to Positive Price Action
According to Forming a New Uptrend channel
According to Positive Trend on CCI
EURUSD Double Top: Bearish Reversal with DivergenceEURUSD has formed a double top pattern, accompanied by divergence, indicating a potential bearish reversal.
