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EURUSD trade ideas

EURUSD: Major breakout over the 1D MA50. Trend reversal.EURUSD turned neutral on its 1D technical outlook (RSI = 53.937, MACD = -0.002, ADX = 23.376) after a long time as it crossed today over the 1D MA50 for the first time in almost 4 months (last time on October 3rd 2024). In the meantime, it also crossed above the top of the Falling Wedge. The initial bullish signal was the 1D RSI Bullish Divergence on HL but now it is a confirmed buy, pointing to a long term trend reversal. Our target will be the 1D MA200, just under the 0.618 Fib (TP = 1.07600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
EURUSD Possible Bearish Movement?Hello everyone, hope everyone is doing great! Any feedback on this is appreciated. Here I got what I believe to be a possible EURUSD bearish movement, here are my thoughts: 4H Candles: Here we can see a bearish trend that has been going on since a few months ago, however this was recently broken with some events such as Trump entering into office this January 20th. While Chart analysis alone suggests we could see a bull for the euro, I would like to challenge it with the new decisions being taken by Trump (tariffs, dollar-first policies) and other news such as the ECB Rate Cuts on December. At the time being things are looking like theres going to be a lot of movement, I expect one last bounce before seeing any strong bulls during the next few weeks, but I believe we are already at a great entry point. Let me know your thoughts on it! Edit: For some reason my TP1 text wasnt added to the chart shown here, but it was placed at 1.03196.
Short
by degitah
2
EUR/USD : Get Ready for the next Bearish move (READ THE CAPTION)By analyzing the #EURUSD chart on the 3-day timeframe, we can see that after rising to the upper limit of the supply zone at 1.046 - 1.055, the price has finally corrected and is currently trading around 1.042. If the price stabilizes below this level, we can expect further declines in EURUSD. However, keep in mind that in about 2.5 hours, we have the significant CB Consumer Confidence report, which could strongly impact the market! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
5
EUR/USD Looks to Build on Gains Amid Trump's Emergency Declara..EUR/USD Looks to Build on Gains Amid Trump's Emergency Declaration The EUR/USD currency pair concluded the previous week on a high note, defying the bearish trend that had been in full swing until the 1.0177 level. As the new trading week began, the market's momentum shifted in favor of the EUR, propelled by a strong bullish impulse that left the US Dollar (USD) reeling. The opening salvo of the week saw the Greenback come under intense pressure, as investors grappled with the prospect of President Trump declaring a national emergency soon after taking office. The uncertainty surrounding this development has weighed heavily on the USD, allowing the EUR to gain traction and hold its ground. From a technical perspective, market analysts are eyeing a potential correction of the trend, with a possible retracement target of 1.0500 on the horizon. This development could signal a significant shift in the market's dynamics, as investors reassess their positions and adjust to the changing landscape. As the situation unfolds, one thing is certain: the EUR/USD pair will be closely watched in the coming days as market participants navigate the complex web of economic and political factors at play. Will the bullish momentum continue, or will the USD find its footing and push back against the EUR's gains? Only time will tell. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
7
EUR/USD short: Is the technical correction complete?Hello traders I don't have a lot to say today. Big surprise. I broke two cardinal rules of trading when I entered into my short position. I was mentally anxious about my upcoming spine surgery and I did not do my homework properly. Despite this poorly timed short entry, I reconsidered and kept my stop at 1.0545(give the 1.0534 high some breathing room). So, still in business. The technical indicators tell the story in this post. I believe that this was nothing but a technical correction. Fundamentally, nothing has changed. The ECB is expected to cut and the FOMC expected to hold. Since the FOMC has the first opportunity to present to the markets, watch Chair Powell's press conference, no matter which time zone you are in. Likewise with the ECB 17 hours later. On the home front, Trump has started his "mass deportations" in Chicago and slapped tariffs on Colombia. Stock up on your coffee beans folks. Oil is a two trade, crude from Colombia, refined petroleum to Colombia, so I am not sure how that will be affected. Our esteemed oil traders on TV will have the lowdown. This will stoke the inflation fears again which benefits the USD. So, buckle up. It is going to be a wild ride this week. Best of luck.
Short
by jvrfxalerts
6
EURUSD professional analysis strategyObserving the chart, we can see that the price started to fall within the descending channel, first rebounded from the support area, which coincides with the current support level, and rose to the resistance line of the channel. Then the price turned around and fell to the support area in a short time, breaking through the 1.0485 level, and then fell to the support line of the channel. Next, the price rebounded and almost rose to the support area, and then turned around and fell to the support level, which coincides with the buyer area and support line of the channel. The price rushed to the resistance line and then fell below the 1.0255 level, but then began to rise near the support line. Therefore, in a short period of time, the euro broke through the 1.0255 level again, exited the channel and continued to rise near the support line. Soon, it reached the current support level and was broken, and then it was retested and is still rising now. For this situation, I think the euro may fall to the support area, touch the support line, and then continue to rise. This is why I set the target price at 1.0620 points.
Long
by w7ukgv
1
EUR/USD Climbs Over 2.30% WeeklyFollowing stronger-than-expected EUR PMI results, EUR/USD surges this Friday, posting over 2.30% weekly gain to trade around 1.0515, though it is facing resistance near 1.0525. This recovery follows Monday's Jan. 13th low of 1.0177, the lowest price level since November 21, 2022. The dollar showed notable weakness in the cause of the week, with the dollar index (DXY) declining to 107.27. This provided momentum for the bullish movement in EUR/USD, further strengthening the pair. From a technical perspective, sellers may attempt to push the price back to the 1.0441 support level, where buyers could step in to regain momentum. A successful break above the 1.0525 resistance could open the door for a test of 1.0603. Conversely, if sellers manage to push the price below 1.0400, the next potential downside target lies at 1.0369. Breakouts beyond these levels remains possible. Later today, the release of U.S. Manufacturing and Services PMI at 6:45 PM GMT+4 could play a key role in determining the next direction for EUR/USD. These data points will likely influence volatility and provide further clarity on the pair's trajectory.
by CFI
1