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EURUSD trade ideas

EURUSD TechnicalsFalling wedge pattern on the EUR/USD 4-hour timeframe. # Typically a bullish reversal or continuation pattern. # Both support and resistance lines are sloping downward and converging. # Often declines during the formation, which aligns with what’s visible here. 📈 Implications: Bullish Bias: A breakout above the upper resistance trendline usually signals a reversal to the upside. Confirmation: Wait for a breakout with volume to confirm the pattern. False breakouts can happen. Target: The initial target after a breakout is often the height of the wedge projected upward from the breakout point. RSI: Currently near oversold levels (~36), suggesting potential upward momentum. ✅ What to Watch For: Breakout above the upper trendline with a bullish candle and increased volume. A retest of the broken trendline (now support) for a more conservative entry.
Long
by xxChartWhizxx
EUR/USDThis week, high-impact economic news is on the radar for EUR/USD. We're seeing solid supply levels to support euro buying, but the Eurozone economy still shows friction from Q1, keeping things shaky short-term. With CPI data from the U.S. and Eurozone GDP revisions coming up, I expect some confusion and mixed moves in the pair early in the week. Market participants may hesitate before committing to bigger positions. 🧭 My View: There’s still strength behind the euro, but we need clearer momentum before we get a solid move. I’m staying patient this week waiting for confirmation before entry. Chop and fakeouts are possible, so it’s a week for discipline and reaction over prediction.
by TheMoney_Association
Long Trade Setup – EUR/USD!📈 Timeframe: 30-Minute Chart Pattern: Falling wedge breakout (bullish reversal) 📌 Trade Plan Entry Zone: Around 1.1233 (breakout confirmation) Stop-Loss (SL): Below 1.1194 (support + wedge invalidation) 🎯 Take Profit Targets: TP1: 1.1277 – Local resistance TP2: 1.1335 – Upper range resistance (measured move) 🔍 Technical Highlights Wedge breakout with bullish candle close Yellow line = breakout zone, now support Strong bounce off trendline + volume spike 📊 Risk-Reward Risk: 1.1233 - 1.1194 = 39 pips Reward to TP2: 1.1335 - 1.1233 = 102 pips → R:R ≈ 1:2.6 ✅ Execution Strategy Enter only after candle closes above yellow resistance SL tight below wedge Partial book at TP1, rest trail to TP2
Long
by ProfittoPath
EURUSD InsightWelcome, dear subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points - U.S. President Trump stated on the first day of talks held on May 10 in Geneva, Switzerland, that “many things were discussed and many agreements were reached.” - U.S. Treasury Secretary Scott Bessent remarked that there was “substantial progress” in a critical trade negotiation between the U.S. and China. Chinese Vice Premier He Lifeng also stated that “both sides reached important agreements and a joint statement will be released on the 12th.” - Isabel Schnabel, a key figure on the ECB Executive Board, emphasized that “in the medium term, the risks to Eurozone inflation are likely tilted to the upside” and that “a highly accommodative monetary policy stance would be inappropriate.” Key Economic Events This Week + May 13: U.S. April Consumer Price Index (CPI) + May 14: Germany April Consumer Price Index (CPI) + May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index (PPI), Speech by Fed Chair Powell + May 16: Japan Q1 GDP EUR/USD Chart Analysis A medium- to short-term downtrend continues from the resistance at recent highs, with the pair having broken below the support level at 1.12000. A further decline toward the 1.11000 level is expected. A medium- to long-term rebound toward the 1.16000 level is anticipated afterward. However, if the 1.11000 support is breached, the decline could extend to the 1.10000 level, making it important to keep a close eye on this support zone.
Short
by shawntime_academy
Short-Term Dip, Long-Term Gain: EURUSD Poised for ReboundAlthough EURUSD has pulled back from its recent highs, it remains stable above the 1.10 mark. Is now the time for new long positions, or are shorts the better option? We remain bullish but initially expect a moderate price decline to just below the 1.12 level, entering the suggested entry zone. From there, EURUSD should quickly resume its move toward the high seen in the last week of April. With the presented long setup, one can benefit from this expected price movement with a very favorable risk-reward ratio (RRR).
Long
by Ochlokrat
Why You Need to Know How the Markets Work Before TradingMany new traders jump into forex driven by excitement, but without a real grasp of how financial markets work. I know this because I did the same, and spent years trying to correct it. When I first entered the forex market, it felt accessible, fast-moving, and flexible. The 24-hour trading cycle made it seem like an ideal fit. But what I didn’t realize was that trading success isn’t built on convenience. It’s built on understanding. Knowing how the markets work isn’t just a nice-to-have — it’s foundational. Financial markets don’t exist in isolation. The forex market, for example, doesn’t move without being influenced by interest rates, global economic indicators, and even other markets like bonds or commodities. I didn’t understand this at first. I thought forex was self-contained — just charts, price action, and maybe some indicators. It’s not. Over time, I started noticing patterns. Not just in price movement, but in my own behavior. I’d react emotionally, enter impulsive trades, or avoid certain setups because I didn’t really trust what I was doing. The missing piece was a true understanding of the broader market structure. It’s also important to separate the idea of trading from investing. I used to think they were the same thing. They're not. Investing, to me, means long-term value holding. Trading is shorter-term speculation. Without understanding this difference, it's easy to misapply strategies meant for one into the other. I also misunderstood the tools. At first, I avoided the stock market entirely because I didn’t know you could short stocks. I avoided options, bonds, and futures because they seemed too complicated. That lack of knowledge wasn’t just limiting — it shaped my entire trading path. If I had taken the time early on to explore how the markets work — including what kinds of financial instruments are out there and how they behave — I would have made far more informed decisions. I would have known which tools fit my mindset, risk tolerance, and time commitment. Today, I’m still trading forex, but with a calmer, more methodical mindset. I’ve accepted that trading requires a clear plan, an understanding of market context, and constant self-reflection. I’m no longer chasing excitement — I’m aiming for consistency. If you’re just getting started, or if you feel stuck, pause and ask yourself: Do I truly understand how the markets function? Not just the one I’m trading in, but the financial ecosystem as a whole? The answer might change your entire approach — and that shift can be what helps you move from confusion to clarity.
Education
by TheInvestor_Diary
EUR/USD Looking More and More Like a Top May be In PlaceEUR/USD lost a really big level this week when bears pushed through the 1.1275 Fibonacci level. This is the 61.8% retracement of the 2021-2022 major move, and that price was the swing high in 2023. More importantly for the past three weeks that level was support for EUR/USD, both before and after the failed run at the 1.1500 handle. This move has been a big part of the sell-off in the US Dollar and as we've seen more and more bottoming potential for the Greenback on the basis of three consecutive weekly gains, the opposite has been the case for EUR/USD. For this week, we had a descending triangle build around the FOMC rate decision, with lower-highs as resistance and horizontal support at the 1.1275 level. That formation filled in cleanly on Thursday with a breakdown, and price pushed directly down to the 1.1200 handle, which is a big level in its own right. That was the high on multiple occasions last year and to date, it hasn't shown much for support, until this week, at least. That price led into a bounce into the close of the week but the bearish sequencing remains in-play for next week and the door remains open for a test down towards 1.1100 or perhaps even 1.1000. Notably, the 1.0943 level is related to the same Fibonacci sequence that produced 1.1275 and 1.0943 was resistance turned support just a month ago. - js
by FOREXcom
1
The Day Ahead Friday May 9 Data: China April trade balance, Q1 BoP current account balance, Japan March labor cash earnings, household spending, leading index, coincident index, Italy March industrial production, Canada April jobs report, Norway April CPI Central banks: Fed's Williams, Waller, Kugler, Goolsbee and Barr speak, ECB's Simkus and Rehn speak, BoE's Bailey and Pill speak Earnings: Mitsubishi Heavy Industries, Recruit Holdings, Commerzbank, Cellnex This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/USD at Critical Resistance – Bearish Reversal Ahead? The EUR/USD pair is currently trading at 1.12468, showing signs of hesitation near a major supply zone identified between 1.12400 – 1.14000, a level that has historically acted as strong resistance. Key Technical Observations (4H Chart): Supply Zone (1.12400 – 1.14000): Price reacted strongly here in the past, and we're seeing another potential reversal setup as sellers begin to step in. Bearish Divergence on recent highs (check RSI/MACD) confirms weakening bullish momentum. Double Top Formation forming just below 1.14000, a classic reversal pattern. Break Below 1.12000 could trigger a sell-off toward 1.09000, with further downside to 1.04000 if macro sentiment aligns. Demand Zone remains solid around 1.03400 – 1.04000, where buyers previously pushed the pair higher. Fundamental Catalysts to Watch: Upcoming ECB & FOMC statements (see icons marked on the chart). US Jobs Data & CPI releases may heavily influence USD strength. Geopolitical tensions and Eurozone economic projections also playing a role in sentiment. My Trading Plan: Watching for bearish confirmation (e.g., 4H bearish engulfing candle) below 1.12400. Short Entry Zone: 1.12200 – 1.12400 Target 1: 1.09000 Target 2: 1.04000 SL: Above 1.14000 zone (tight risk management). Conclusion: This could be a high-risk reversal zone with great R:R setup if confirmed. Always wait for price action confirmation and watch for news catalysts! If this analysis helps you, give it a like and follow for more smart breakdowns like this! Let’s grow together as traders.
Short
by FrankFx14