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Euro / U.S. Dollar

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EURUSD trade ideas

Bearish Momentum Below 1.0772, Bullish Potential Above 1.0865Key Pivot at 1.0830 Guides the Next Move with Support at 1.0680 and Resistance at 1.0915 Bearish: If the price remains below 1.0772, it suggests a continuation of the downtrend towards the support at 1.0680. Bullish: A break and a sustained move above 1.0865 could signal a bullish till 1.0915 and above it will touch 1.1005, shifting the momentum upwards Key Levels: Pivot Line: 1.0830 Support Lines: 1.0770, 1.0680, 1.0618 Resistance Lines: 1.0915, 1.1000, 1.1082 Trend Outlook: Bearish under 1.0772 Bullish by stability above 1.0865 previous idea:
by SroshMayi
EURUSD direction thesisAs I've discussed here on this platform the importance of focusing on mostly these two things, FVG & Liquidity, why? Because price always only seeks these areas, either one of both. On the daily here we see that our monthly FVG was not important as price was evidently seeking liquidity, and now that price has rebalanced it will look to continue with strongest momentum, the strongest momentum in this pair is BULLISH movement because on higher TFs price is going up. Price will leave behind inefficiencies and that it will seek to balance, that will be our cue to enter on lower TFs. Will keep posting POV.
Long
by ManMcPriceaction
EURUSD BUY FROM GIVEN ZONE AND SELL TILL BUYING ZONE HELLO TRADERS As I can see eurusd is get rejected from 1.12000 levels which was a strong resistance on weekly and daily charts markets are rejecting on the base of DXY gain which can be more up side till 105 to 106 levels and then drop we are now selling this pair till it hit our buying zone for selling this pair above last broken support is a stop loss can be good R:R US elections and fundamentals geopolitical help to BOOST in EURUSD Pair as we can see DXY in now near at resistance levels but it can create some fake out on daily charts to manipulation by market makers but our risk and reward is great on this trade it's just a trade idea make a proper research and support the idea it help many other traders patience is the key in trading success with proper money management rules Stay tuned for more updates
Long
by APEX_TRADING_ACADMEY
EURUSD Analysis for the upcoming week (28 OCT - 1 NOV)EUR/USD Analysis for the upcoming week (28 OCT - 1 NOV) Trend Overview : EUR/USD has shown bearish tendencies on both the 4-hour and daily timeframes, trending downward within a defined channel. Despite the fact that it's trying to break that channel, without an obvious break and a retest it remains bearish. Key Support and Resistance Levels: Immediate Support : 1.0800 is acting as a psychological and technical support level. Immediate Resistance : Around 1.0850, with stronger resistance at 1.0880. Indicators Overview: Moving Averages: Both 50 and 100-period SMAs are sloping downward on short-term charts, reinforcing the bearish trend. RSI : Currently around 34 on the Daily chart, indicating a slightly oversold condition but not yet primed for reversal. Price Action and Patterns: EUR/USD continues to respect its descending channel, marking lower highs and lower lows. Recent attempts to breach resistance at 1.0850 have failed, reinforcing the bearish outlook. Fundamental Factors: Eurozone PMI figures disappointed recently, adding pressure to the Euro, while the U.S. dollar continues to benefit from strong economic data and an anticipated Federal Reserve policy stance. Potential Scenarios: Bearish Continuation : If price breaks below 1.0800, further downside could target 1.0770 or even lower in the medium term. Upside Reversal : A sustained break above 1.0850 could suggest bullish momentum, aiming toward 1.0880. Conclusion: Overall, EUR/USD is positioned for continued downside pressure while below 1.0850, with potential moves to 1.0770 if bearish momentum holds. Caution is advised for potential reversals near support.
by Amr_m
EURUSD TREND BASE SALE EURUSD BUY ENTRY 1.08217 SL 1.0840 TP 1.0763 The daily market trend is bearish, forming lower lows (LL) and lower highs (LH). On October 22, it broke the support level, created a new low, and is now retesting that support, which is being viewed as resistance after the breakdown. In the 1-hour timeframe, the market has formed a double-top trading pattern. The pattern's neckline broke to the downside with the start of the London session. A trade was taken on the retest of the neckline
Short
by ArtOfTrading33
EUR/USD Finally Finds Some Support, But Can it Build a Bounce?EUR/USD Talking Points The strength from Q3 has been mostly erased so far in Q4, with a fast sell-off developing in EUR/USD. In late-September the pair continued to grind away at the 1.1200 handle but not even a month later the pair has dropped by more than four big figures. Support showed up at the 1.0761 level looked at on Tuesday. The big question now is whether that can lead to some profit taking from sellers, which could build a bounce and that can remain of interest for bears looking for lower-highs. EUR/USD has now traded lower for 15 of the past 20 days. An amazing trend by any stretch but perhaps even more so when compared to the strength that showed in the pair during the first two months of Q3. While that prior bullish trend put in a month of grind at the 1.1200 level, eventually failing, the bear move that’s come in response has been fast and heavy. There’s been only a minimum of pullback so far and any excuse for sellers to continue pushing has so far contributed to continuation. Last Friday brought a bit of bounce. That went along with a pullback in the USD from the 200-day moving average. But support soon showed at a key zone in DXY and bulls were off to the races (and bears in EUR/USD) after this week’s open. In EUR/USD, that resistance earlier in the week played-in right off the underside of the 200-day moving average. At this point the challenge is chasing an oversold trend as RSI on the daily remains in oversold territory on EUR/USD. There has been a bounce showing thus far at Tuesday's level looked around 1.0761. That price is the 38.2% Fibonacci retracement of last year’s sell-off, and its confluent with a trendline originating from last year’s low. EUR/USD Longer-Term Just as I was saying in September when strength was all the range, EUR/USD remains in a range that’s been in-play since last year’s open. There have certainly been some clean shorter-term trends in the confines of that ranging backdrop, and we’ve made a fast move towards the support side of that range but if we do see sellers continuing to push, those values could soon come into play. The current 2024 low plots around the 1.0611 Fibonacci level, which is the 38.2% retracement of the 2021-2022 major move. On the below weekly chart, I’ve linked that level to the shorter-term Fibonacci level at 1.0643 to create the next support zone, down. Below that, it’s the 1.0500 level that put up considerable fight for about a month before leading to a turn a year ago. --- written by James Stanley, Senior Strategist
Short
by WHSelfInvest
EURUSD Growth Supported by US Election UncertaintyEURUSD Growth Supported by US Election Uncertainty Yesterday, despite the US reporting very strong PMI data, the USD lost its bullish momentum. At this moment, the market's hesitation to bet on a stronger USD is not related to the FED. Instead, it is driven by uncertainty surrounding the US elections. EURUSD broke out from a bullish pattern after the US PMI data and continues to rise. Currently, I am looking at two short-term targets, but it could increase further. However, everything depends on the outcome of the US elections, which will determine the next price direction. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
EURUSD Multi Timeframe Analysis 25.10.202415m Swing Bullish , Internal Bullish , but his could be to mitigate current unmitigated 4H supply Bullish momentum is strong after sweeping daily low liquidity so I assume and will look for longs to stay with the bullish pressure until it turns out the other way Pricing in 4H supply now so we might see 15m fractal shift to bearish and give us quick short possibilities. But I will look for confirmation longs from 15m demand range nested in 4H demand, which is marked on the chart.
Long
by alplaila
Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside. EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Editors' picks
by easyMarkets
1
How to Read a Forex Quote: Bid, Ask, and Spread ExplainedSo, you’ve decided to jump into the forex markets and stumbled upon your first quote. Now you're staring at numbers like EUR/USD 1.0987/1.0990, wondering what these flashing digits mean. Don’t worry—we’ve all been there. Let’s break it down, TradingView style, and get you up to speed on forex quotes, bid-ask spreads, and why these tiny decimal points matter more than you might think. The Basics: What’s a Forex Quote? At its core, a forex quote tells you the exchange rate between two currencies. Think of it like a price tag for the money you want to buy or sell. In any quote, you’ve got two currencies: the base currency and the quote currency. For example, in EUR/USD , the euro (EUR) is the base currency, and the US dollar (USD) is the quote currency. This quote tells you how many US dollars it costs to buy one euro. Now the fun part: You’ll notice two prices next to that quote—the bid and the ask. Bid vs. Ask: What’s the Difference? When you see a forex quote like EUR/USD 1.0987/1.0990, you’re actually looking at two prices: Bid Price (1.0987): This is the price a buyer (broker or trader) is willing to pay for the base currency. In simpler terms, this is the price you sell at. Ask Price (1.0990): This is the price the seller (broker or trader) is willing to sell you the base currency for. In other words, this is the price you buy at. So, if you’re buying EUR/USD , you’ll pay the ask price (1.0990), and if you’re selling, you’ll receive the bid price (1.0987). Notice how the ask is always higher than the bid? That’s where brokers make their money. Which brings us to… The Spread: The Broker’s Cut The spread is the difference between the bid and the ask. In this case, it’s 1.0990 - 1.0987 = 0.0003 or 3 pips (percentage in points). Think of the spread as the broker’s fee for facilitating the trade, essentially acting as the middleman. The tighter the spread, the less you’re paying to execute a trade. For major currency pairs like EUR/USD , the spread is often pretty small (like 1-3 pips), but for exotic pairs (think USD/ZAR or USD/TRY ), spreads can get wider than your Uncle Bob’s waistband after Thanksgiving dinner. Why the Spread Matters for Traders Here’s the thing: spreads eat into your profits. Whether you’re a day trader or holding a longer-term position, the spread is something you need to bake into your strategy. Scalpers and day traders need tight spreads. If you’re making a bunch of small, quick trades throughout the day, every pip counts. Wide spreads can kill your profit margins faster than a rogue tweet from Elon Musk. Swing traders and position traders are less sensitive to spreads. If you’re in it for the long haul, a few pips won’t make or break your trade. But it’s still something to keep an eye on, especially when trading less liquid currency pairs. Market Conditions and Spreads Spreads aren’t fixed — ideally, they should be floating around in real-time dealmaking. They widen and tighten based on market conditions. During high volatility (like, say, a major economic announcement or a surprise central bank rate cut), spreads can widen. Conversely, during quiet market hours, spreads tend to tighten. To avoid getting fleeced by wide spreads, keep an eye on liquidity. Major pairs like EUR/USD , GBP/USD , or USD/JPY have higher liquidity, meaning tighter spreads. Exotic pairs? Not so much. You’ll pay more to play in the less popular markets. How to Use the Bid-Ask Spread to Your Advantage Here’s a pro tip: If you’re in a tight spread market, like EUR/USD during peak trading hours, you can place tighter stop-loss and take-profit orders, maximizing your profits with minimal slippage. In volatile markets with wider spreads, give yourself more breathing room, or wait until liquidity returns. How TradingView Does It On TradingView, forex pairs are displayed with a single price quote rather than separate bid and ask prices. This single price quote represents the midpoint between the bid and the ask. TradingView uses this midpoint, also called the last trade price , to better display price flow and make it simpler to analyze price trends without the fluctuation that would come from constantly updating bid and ask prices. For traders using TradingView to monitor forex prices, this single price quote allows them to focus more on price movements and technical analysis rather than factoring in the spread between bid and ask, which as we mentioned, is available with brokers since it's their bread and butter. So factor this in. The Bottom Line Going expert-level at bid, ask, and spread isn’t just forex surviving — it’s forex thriving. These tiny details can be the difference between making bank or watching your profits trickle away. Always factor in the spread when setting up trades, especially if you're trading lower-volume currency pairs or during off-hours. Ready to flex your new bid-ask spread skills? And win some prizes at the same time? Join our paper trading competition "The Leap" , starting November 1, and show everyone what you've got. $25,000 are up for grabs.
Editors' picks
Education
by TradingView
4
EURUSD Friday 25-10-2024 B+ Setup 1H Timeframe. EU has tapped and swept liquidity below the previous strong higher low. Currently we are within a high valued POI, i still do see a potentially for a further push to the down side targeting my second buy limit order. But taking shorts at this point, i find it a little bit pointless, since price is already where we are expecting to see bullish momentum. i will wait to see how price develops within this range and be ready to swing the move to the upside.
by Ocean98