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Euro / U.S. Dollar

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EURUSD trade ideas

EURUSD prime setupWeekly timeframe () - First time trying to switch from a bullish to a bearish market structure - Bullish candle (retracement) - Bullish supply and demand zone: bears could have kicked in yet the bulls managed to close back above this zone (false break trading back above) Daily timeframe () - Bullish M - Inverse head and shoulders - At least weekly relief so daily market structure irrelevant 4H timeframe () - Inverse head and shoulders without break of structure (SL below head) - When dissecting the pattern on the 1H/2H timeframe there is no immediate reaction on the high making it valid to execute
Long
by VictorDierickx23
EURUSD Price Action-Daily Analysis EURUSD Price Action-Daily Analysis Dec 9 In Asia starts in a discount from the previous range, consolidates to drop to take the clean equal lows bouncing off the CE of the dealing range. Consolidates coming in to London. Energetic displacment creating a FVG at the 1 macro. Breaks structure to the high side. At 2 again energetic displacement with FVG comes down creating a IFVG. ICT 2022 model. Known liquidity and equal highs. Finishes its climb just shy of the 50% of previous days range before a consolidation. Retracement short to .618 of the London session before 8:30 to 10:30 consolidation before expanding to the high side to FVG and resting buy stops. 11 New York Marco on the London session price is in a Premium having taken the buy side liquidity price breaks down taking out 2 equal low targets.
by LParnell
#EURUSD - 10122024I called for a move lower for EURUSD yesterday off the PZ. EURUSD came down, rallied higher, nicely to PZ and sold back down to close near the lows for a good 45pips or so. I will not say that yesterday's price action is bearish. IMO, the thesis which I gave yesterday is still valid, that is, EURUSD is coming down into support. But I am expecting buyers to come in and that could move EURUSD higher. That is a possibility thus while near term price action is bearish, it could find support at one of the levels and move higher. But for now, I am looking at the PZ to hold for a move lower, with 1.05/512 as the price target, but look out for a possible strong pullback/reversal from this zone.
by FadeMeIfYouCan
Buy opportunity In this analysis, I observe a potential ABCD harmonic pattern forming on the EUR/USD chart: The market has completed points A, B, and C and appears to be heading towards D. If the price reaches point D, where 1.617 BC extension aligns with support and trendline confluence, it could be a good opportunity to BUY. Key Levels to Watch: Point C: Recent lower high (Resistance) Point D: Potential buy zone near support trendline RSI: Monitor for oversold conditions near D point for confirmation. Trading Idea: Entry: Around D point (Watch for price reaction at the support trendline). Target: At least back to point C or higher depending on price action. This is a high-probability trade if the harmonic structure completes successfully. Keep an eye on volume and RSI for additional confirmation.
Long
by ialhamdazeez
1
PROYECCIÓN 09/12/2024On Sunday night, the price had a strong and clean reaction at my 0.618 Fibonacci level, which initiated a bullish structure. This was followed by a pullback to the 0.5 Fibonacci level. Based on this, I identified two key levels in the morning for potential trades, which I marked in red: the high and low of the last one-hour candle. A few minutes later, the price broke above the upper level, prompting me to enter a buy position with a risk-to-reward target of approximately 1:3. The trade ended up being a winner within minutes. I’m a trader with around 8 months of experience, and I’ve decided to start sharing my trades to expand my knowledge and receive constructive feedback. Over time, I aim to improve both the format and the professionalism of my posts.
Long
by GuillermoJA
1
ECB decision this Thursday?EUR/USD gains to near 1.059 in Monday’s North American session, with investors focusing on the European Central Bank (ECB) monetary policy decision on Thursday. Markets are almost fully pricing in that the ECB will cut its Deposit Facility Rate by 25 basis points (bps) to 3% as many officials have shown concerns over risks of inflation undershooting the bank’s target due to the weak economic outlook. The ECB has already reduced the deposit rate by 75 bps this year and Thursday’s rate-cut decision would be the third in a row. Market participants expect the Eurozone economy to underperform amid political uncertainty in Germany and France, which are the largest nations of the bloc. The potential impact on the export sector when US President Donald Trump takes the administration at the White House is also a source of concern. Technically, we have what appears an ascending triangle, of subwave 4 . In case if breaks downwards, we can see much more decline.
Short
by Alecampos83
EURUSD H1 ANALYSISBullish Outlook: EURUSD is experiencing a significant uptrend, driven by strengthening economic indicators in the Eurozone and a weakening US dollar. As investors seek exposure to the currency market, EURUSD has emerged as a top choice, attracting strong buying interest. Risk Management: . Position Sizing: Manage position size to avoid over-exposure to market volatility . Risk-Reward Ratio: Set at 1:2 or 1:3 to ensure potential rewards outweigh potential risks Target: . Primary Target: 1.06384 . Secondary Target: 1.05982 . Tertiary Target: 1.05385 . Fourth Target: 1.05212 Best Wishes Tom 😎
Long
by Tom_Trades_670
1
EURUSD Set To Fall! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0579 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.0536 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
Short
by AnabelSignals
1
EUR/USD - Strong rejection of higher prices On EUR/USD , it's nice to see a strong sell-off from the price of 1.06140 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Strong rejection of higher prices and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
EURUSD H1 09/12/2024 - SELL below 1.0550 OR BUY above 1.05850Multi-Timeframe Analysis D1 (Daily Timeframe) Trend: Price is consolidating below the Ichimoku Cloud and the 200 SMA, indicating medium-term bearish pressure but with bullish momentum building. Indicators: RSI (14): 45.3, neutral. Stochastic (14,3,3): Overbought (near 82), signaling caution for immediate longs. MACD (12,26,9): Bearish histogram narrowing, indicating reduced selling pressure. Key Levels: Resistance: 1.0580–1.0600. Support: 1.0525, 1.0490 (recent swing lows). H4 (4-Hour Timeframe) Trend: Mild bullish recovery as price moves above the Ichimoku Cloud, but capped by the 200 SMA at 1.0580. Indicators: RSI (14): 53.6, neutral-bullish. Stochastic (14,3,3): Bearish crossover, signaling short-term weakness. MACD (12,26,9): Weak positive histogram; momentum is waning. Key Levels: Resistance: 1.0580–1.0600 (top boundary). Support: 1.0550, 1.0525. H1 (Hourly Timeframe) Trend: Price has consolidated after a bullish breakout but faces resistance at 1.0580. Indicators: RSI (14): 51.3, neutral. Stochastic (14,3,3): Overbought, signaling potential for a pullback. MACD (12,26,9): Negative histogram after bearish crossover, suggesting weakening momentum. ATR (14): 13 pips, indicating moderate volatility. Key Levels: Resistance: 1.0580–1.0600. Support: 1.0550, 1.0525. M30 (30-Minute Timeframe) Trend: Similar to H1, consolidation within a narrow range below 1.0580. Indicators: RSI and Stochastic are in overbought territory; MACD is flat to bearish. Volatility: ATR confirms that volatility has subsided after recent upward movement. Trade Scenarios: Scenario A: Bullish Breakout (BUY Setup) Rationale: If the price breaks above 1.0580, it could target the next resistance level at 1.0600 and higher, supported by bullish momentum. Setup Details: Entry Price: Above 1.0585 (breakout confirmation). Stop-Loss: 1.0560 (below recent support). Take-Profit Levels: TP1: 1.0600. TP2: 1.0620 (Daily resistance level). Risk/Reward Ratio: ~1:2. Scenario B: Bearish Reversal (SELL Setup) Rationale: If the price breaks below 1.0550, it could target the support levels at 1.0525 and lower. Setup Details: Entry Price: Below 1.0550 (breakdown confirmation). Stop-Loss: 1.0575 (above recent highs). Take-Profit Levels: TP1: 1.0530. TP2: 1.0520. Risk/Reward Ratio: ~1:2.
by napoleon182
EURUSD: the ECB week aheadThe Non-farm Payrolls for November were the main macro indicator that the market was waiting for during the previous week. The NFP of 227K in November was slightly above the market expectations of 200K. At the same time, the unemployment rate in November increased a bit to 4,2%, from the previous 4,1%. Average hourly earnings were higher by 0,4% for the month, which brings the indicator up by 4% for the year. As for other US macro data published during the week, the ISM Manufacturing reached the level of 48,4 in November, modestly above market estimate of 47,5. The ISM Services PMI in November reached the level of 52,1 which was lower from market estimate of 55,5. Michigan Consumer Sentiment preliminary for December is standing at 74,0 a bit higher from the market expectation of 72,5. Inflation expectation for the next five years has a bit decreased to the level of 3,1%, from 3,2% posted during the previous month. The Manufacturing industry in Germany continues to slow down. As per posted HCOB Manufacturing PMI final for November, the index in Germany reached the level of 43, which was below market estimate of 43,2. The same index reached 46 in the Euro Zone a bit better from forecasted 45,2. At the same time, the services sector in Germany is doing better from manufacturing, as HCOB Services PMI final for November reached 51,6 a bit better from estimated 49,4. The same index for the Euro Zone was also standing at the level of 51,6. The Producers Price Index in the Euro Zone dropped by -0,6% in October, bringing the total drop to -3,4% for the year. The Retail Sales in the Euro Zone were higher by 0,5% in October, bringing the indicator up by 2,9% for the year. The Industrial Production in Germany dropped by -2,5% in October for the month, which was significantly below market expectations of +2,5%. Despite the relatively solid jobs data, the market is increasing odds that the Fed will further cut interest rates at their December meeting. The USD weakened a bit during the previous week, from the level of 1,048 up to the level of 1,062. The currency pair ended the week at the level of 1,056. The RSI started its path toward the upside, however at the level of 45, there is no clear sign that the market is currently eyeing the overbought market side. The moving average of 50 days continued its divergence from the MA200, confirming the cross occurred two weeks ago. The week ahead will be the ECB week. The Europeans will decide on the future course of reference interest rates. Considering decreasing inflation, but also weakening of the EuroZone economy, the market is expecting to see a further 25 bps cut. On the other hand, the US market will digest the latest NFP and inflation data and position accordingly for the FOMC meeting, scheduled for December 17-18th. As per current charts, there is some probability for resistance line at 1,07 to be tested, but first the 1,06 level should be clearly breached. At the same time, charts are also showing some probability that 1,05 support could be tested for one more time. Important news to watch during the week ahead are: EUR: Inflation rate in Germany final for November, ECB Interest Rate Decision (expectations: 3%), ECB Press conference after the ECB meeting, ECB Economic Projections, Balance of Trade in Germany for October, Industrial Production in the EuroZone, HCOB Manufacturing PMI flash for December in Germany and the Euro Zone USD: Inflation rate in November, Producers Price Index in November
by XBTFX