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EURUSD trade ideas

EUR/USD Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: The Eurodollar has resumed its downward trend with notable intensity, completing an inner currency dip at 1.075 and stopping just short of the critical support level at 1.068. It is anticipated that the Euro will continue its decline, potentially retesting the completed Inner Currency Dip at 1.060 and reaching the next significant target of 1.054. While this downward movement is of considerable importance, it may also instigate a rebound, guiding prices back to the newly established resistance level at 1.080.
by TradeSelecter
EUR/USD November Forecast: Fed Pressure and Market VolatilityThe EUR/USD pair is experiencing significant volatility in the forex market, currently trading around 1.0719. This volatility is influenced by both U.S. and European economic and political factors. In November, the EUR/USD pair may face pressure from both the Federal Reserve and the European Central Bank (ECB) policies. Fed officials have hinted at maintaining higher interest rates if inflation persists, which could strengthen the USD and potentially weaken the EUR/USD pair, especially if the Fed tightens monetary policy further. Technical analysis suggests a potential mild recovery for the EUR/USD pair, with the pair having rebounded from a recent low of 1.0517. However, resistance levels between 1.077 and 1.088 may limit further upward movement. If the pair maintains momentum and breaks key support levels, it could potentially reach higher levels. Nevertheless, U.S. election-related volatility may introduce short-term instability to the market.
by VivianPalacios280824
EUR/USD Continues to Face Downward PressureToday, the EUR/USD pair has seen significant volatility, with the euro continuing to face pressure due to the strength of the US dollar. The USD remains on an upward trend, fueled by expectations that the Federal Reserve will maintain high interest rates to curb inflation, especially after recent comments from Fed officials. Concerns about the global economic outlook and political instability in Europe are also contributing to downward pressure on the euro. From a technical perspective, the EUR/USD has dropped below the key support level at 1.0708, opening the door to a potential test of the previous resistance at 1.0829. However, if the pair fails to break through this resistance and faces further challenges at 1.0930, there is a real possibility that EUR/USD could break through the 1.0708 support level and continue its downward movement. Macroeconomic factors, including key economic reports from both the Eurozone and the US this week, will continue to have a significant impact on the short-term volatility of EUR/USD. In summary, the EUR/USD pair remains under downward pressure, but monitoring both macroeconomic signals and technical indicators will be crucial in determining the next market direction.
by Alisa_Rokosz
EUR/USD 1H Chart Analysis FX:EURUSD This chart presents three speculative scenarios for the EUR/USD 1-hour timeframe. Please note that these are purely speculative and not guaranteed outcomes: Scenario 1 (Downtrend Continuation): If the price fails to hold support around the current level, we could see a further decline, as indicated by the green arrow. This would suggest a bearish continuation, possibly targeting lower support zones. Scenario 2 (Moderate Bullish Rebound): If the price finds support here and reverses, it might climb to the first order block (OB 1H) area, indicated by the white arrow. This scenario suggests a moderate retracement. Scenario 3 (Strong Bullish Rally): In this more optimistic scenario, the price could rally significantly and reach the upper resistance level around the OB 1H area above, as shown by the blue arrow. The RSI indicator at the bottom shows a recent downtrend with possible oversold conditions, which could indicate a potential for reversal. These scenarios are speculative and should not be taken as certain information or financial advice. Always consider the risks and conduct your own analysis before making trading decisions. FX:EURUSD
Short
by yashida
EURUSD has a strong selling pressure - clear signs of discountThe EUR/USD pair dropped to nearly 1,0780 in the context of the demand for US dollars increased again on Friday during Asian trading hours. In addition, the proposal to increase tax by Donald Trump put pressure on Euro compared to the US dollar. Ben personally predicts that, without unexpected breakthroughs, EURUSD will likely turn to an important support area of ​​1,0720 - 1,0740. In addition, technical indicators are not very satisfactory when the EMA 34 and EMA 89 are creating additional resistance right above the current price, increasing the pressure to decrease for Eurusd. With this situation, the market is more likely to have an EURUSD will have a deeper decline.
Short
by Bentradegold
Current Market ContextThe EUR/USD market has been in a downward trend, but recent price action below the true year open suggests there could be a potential bullish incentive forming. This dip may attract buyers to rebalance the 4-hour Fair Value Gap (FVG) above, signaling a possible retracement. At this stage, there’s no confirmed trade setup, but staying patient and waiting for the price to approach and react to the 4H FVG and order blocks could provide clearer signals. If strong bullish behavior develops in these areas, a retracement trade might align with a potential shift in short-term momentum. Have a great weekend, and let’s see what opportunities Monday holds! Follow me for more trade ideas 🤝
by MotesTrades
EURUSD Trading JournalEURUSD Trading Journal Nov 9 Previous weeks review. Wild week. To have discipline to stay to the side lines. By Friday Price had straightened out. On the weekly Price is in a Premium, parent bias is bearish. This week Price broke market structure delivering lower prices. Price closed in a deep discount on the hourly TF closing on the .25 level of the HTF Daily BISI and creating equal low. Next week I suspect that Price could come up a rebalance the 4H FVG and could reach 1.08086 for the high closing this weeks NWOG even though I am bearish.
by LParnell
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
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
1
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
HelenP. I Euro will rebound down from resistance zone to $1.0650Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price trades near the resistance zone (1.1120/1.1090) and then breaks the 2nd resistance level and starts to trades below. Some time later price declined a little more, but soon turned around and rose to the resistance zone, breaking resistance 1 one more time. Next, Euro continued to grow and reached the trend line, after which turned around and started to decline. In a shor time, the price broke resistance 1 again and continued to fall to another one resistance zone (1.0790/1.0760), which coincided with the current resistance level. When the price reached this zone, it at once rebounded and rose to the trend line, but soon fell back to the resistance area, after which made a strong upward movement, breaking the trend line. Euro rose to 1.0940 points, making a gap also, and then made a strong impulse down. Price broke resistance 1 and reached the trend line, but a not long time ago it rose to this level and now trades very close. In my opinion, EURUSD will enter to resistance zone and then rebound down. For this case, I set my goal at 1.0650 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
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Practicing within a controlled environment fosters a clear mindset to tackle each trade, essential for adapting to shifting market scenarios. 6- Setting Realistic Income Expectations Repeated practice enables traders to set achievable income expectations, cultivating a sensible outlook prior to committing to full-time trading. 7- Enhancing Chart Analysis Skills A demo account encourages traders to develop chart reading abilities without becoming overly reliant on them, promoting a balanced analytical approach. 8- Personal Trading Style Development The complexities of day trading call for personalized strategies. Regular practice in a demo account allows traders to foster their unique trading styles and embrace accountability for their decisions. 9- Effective Risk Management Practicing with margin in a demo account allows traders to experiment with leverage while treating each trade seriously. Also Read: and now... "Best Practices for Using Demo Accounts" To ensure you maximize the benefits of a demo account, adopt the following strategies: Serious Approach Although no real money is at stake, treating the demo account with seriousness enhances realism and deepens the learning experience. Realistic Capital Allocation Even though demo accounts may offer unlimited capital, traders should simulate an amount similar to their intended live trading capital for a more accurate experience. Maintain Consistent Leverage Using the same leverage plan that you would apply during live trading ensures that your demo experience aligns closely with potential future outcomes. Gradual Transition to Live Trading Transitioning from a demo account to live trading should be done thoughtfully. Test your strategies extensively in the demo environment, simulating real trading amounts, to reduce the likelihood of mistakes once you start live trading. In conclusion... In summary, a demo account is a vital resource for both novice and experienced traders navigating the complexities of financial markets. For beginners, it provides a risk-free avenue to grasp market dynamics and develop essential trading techniques. For seasoned professionals, demo accounts are indispensable for strategy testing, evaluating automated tools, and enhancing both technical and psychological skills. While the ideal duration in a demo account varies from trader to trader, committing to three months is recommended for anyone serious about entering full-time trading. Day traders particularly stand to gain by practicing within a demo setting, allowing them to accelerate skill acquisition, prepare for snap decisions, and foster a robust sense of confidence. The structured environment of a demo account promotes the crafting of personalized trading strategies, the establishment of effective risk management practices, and the ability to adapt to real-world market conditions. Lastly I would like to add this previous lecture to this post, I'm sure will be useful for you... The Psychology Of Trading How To Manage Your Emotions and.. The Benefits of Keeping a Trading Journal for Your Psychology ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
1
EURUSD The Target Is UP! BUY! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0782 pivot level. Bias - Bullish My Stop Loss - 1.0748 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0842 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1