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EURUSD trade ideas

EURUSD Reversal in Sight: Is a Bounce to 1.095 Next Or 1.05?In my last EURUSD trade post from August, we anticipated a strong sell-off from the 1.12 level (see related post). Price action has unfolded just as expected, with a sharp decline in recent weeks. So, what’s next? Looking at the charts, a short-term correction toward 1.09500 could be on the horizon. Let’s break down the charts. Starting with the Monthly charts, we can clearly see that EURUSD has been range-bound for nearly two years, fluctuating between 1.12 and 1.055. Zooming into the weekly charts, the recent sell-off has driven the price deep into this range, reaching two key support levels: diagonal support and the August low, both highlighted in the image below. However, we can’t start buying at these levels just yet. The next step is to zoom into the daily charts to check for any signs of momentum shifting. On the daily charts, the downward move is clearly overextended, and the market is extremely oversold—my first clue that a potential buying opportunity may be approaching. To confirm this analysis, I’ve zoomed into the 4-hour chart, and here I’m seeing divergence on the MACD, suggesting that sellers may be running out of steam. My strategy for this setup is to wait for a break of the 4-hour trendline, then watch for the next correction downward. Once that happens, I’ll use my TRFX indicator and enter on the first 4-hour signal. The target for this trade will be the 1.095 resistance level, as I expect buyers to re-enter here, potentially pushing the market back down to the bottom of the range. Let me know your thoughts below!
Long
by TheFxAce
5
EURUSD LongEuro data overnight showed slowing manufacturing but expanding services PMI. While Eurozone offers a mixed bag, the outlook for a large or sped up rate of cuts at the ECB does not seem guaranteed at the moment. I will add to EURUSD longs under 1.08 handle and see the pair up to the daily 200 MA. Is the USD strength going to continue? It is possible but we are close to the bottom of a monthly range so the probability of the pairs retracement at least has solid chance of happening over the next few days.
Long
by Primetrdr88
2
Euro can reach resistance zone and then continue to fallHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago tried to grow, but failed, turned around, and started to decline inside the downward channel. Inside the channel, the price firstly declined to the seller zone, after which tried to grow to the resistance line of the channel, and when it reached this line, the price continued to fall. Soon, EUR broke the 1.0910 level, made a retest, and later continued to fall. Some time later, the price fell to 1.0815 current resistance level, which coincided with the resistance area and at once bounced up, but soon turned around and continued to decline in the channel. Price fell to the resistance area, some time traded inside, and then broke the 1.0815 level. After this movement, the Euro dropped to the support line of the channel, but a few moments ago, it turned around and started to move up. At the moment, I think that the price can reach the resistance zone and then continue to decline inside the downward channel. For this reason, I set my TP at 1.0735 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURUSD Will Go Lower! Short! Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.079. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.071 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
4
EURUSD start of consolidationEUR/USD Buy Opportunity - Technical Analysis The EUR/USD pair is showing signs of a potential buying opportunity based on the recent technical analysis. Here are the key factors indicating a bullish trend: 1. Support and Resistance Levels: The pair is currently hovering near a strong support level around 1.0500. Historically, this level has acted as a solid support zone, with price often bouncing upwards when tested. Key resistance levels to watch are 1.0600 and 1.0750, which could serve as profit targets if the uptrend continues. 2. Moving Averages: On the daily chart, the 50-day moving average has started to turn upwards, indicating a possible trend reversal. The pair has also crossed above the 200-day moving average, which is often considered a long-term bullish signal. 3. Trend Lines: A descending trendline from recent highs has been broken, signaling a potential end to the downtrend. The new uptrend line suggests that buyers are gaining control and could push the price higher. 4. Fibonacci Retracement: The price has retraced to the 61.8% Fibonacci level from the previous swing low to high, a common reversal point. This Fibonacci level aligns with the aforementioned support zone, adding confluence to a bullish setup. 5. RSI and Momentum Indicators: The Relative Strength Index (RSI) is rising from oversold levels (below 30) towards 50, indicating that momentum is shifting in favor of buyers. The MACD (Moving Average Convergence Divergence) indicator has recently shown a bullish crossover, with the MACD line crossing above the signal line, suggesting increasing buying pressure. 6. Candlestick Patterns: Recent candlestick patterns show multiple bullish signals, such as a hammer and a bullish engulfing pattern, near key support levels. These formations suggest potential buying interest. Conclusion Based on the analysis above, EUR/USD presents a buying opportunity. A potential entry point would be around the current price near the support level of 1.0500, with a stop-loss set slightly below this support to manage risk. Targets can be set around 1.0600 and 1.0750, which are the next key resistance levels. As always, traders should monitor any fundamental news, such as economic reports and central bank statements, that could impact the pair’s movement.
Long
by VahidGolpour
1
EURUSD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0800 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0783 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/USD - Potential Bullish Reversal?FX:EURUSD 💡 Looking at the EUR/USD pair on the daily chart (D1), several technical signals suggest a potential bullish reversal might be on the horizon. Here are the key points: RSI Near Oversold Levels 📉: The RSI is sitting at 31.89, very close to the oversold threshold of 30. This indicates that the market could be oversold, with selling pressure potentially fading and a technical bounce on the way. Uptrend Still Intact 📈: While prices have dropped recently, the pair remains above the ascending trendline that has been in place since 2023. This trendline is a critical support level, and as long as it holds, the overall bullish structure remains intact. Below the 200 EMA 🔄: The price is currently trading below the 200-day EMA, signaling short-term weakness. However, in bullish markets, it’s common to see temporary corrections below key moving averages before resuming the upward trend. Potential Bullish Reversal Scenario 🟢: If the price hits the trendline and the RSI stays near oversold levels, we could see a bullish reaction, with a potential bounce to follow. The target would then be a return towards the 200 EMA, and possibly a breakout to key resistance levels around 1.09-1.10. A Fibonacci retracement could also potentially come into play, offering key levels such as 38.2%, 50%, and 61.8% to watch for resistance as the price recovers. ⚠️ Watch Out: If the trendline is broken with strong momentum, this bullish scenario could be invalidated, and we may see further declines towards 1.06 or lower. In summary, despite recent bearish pressure, technical conditions suggest we might be nearing a bullish reversal, provided the key support level holds. Fibonacci retracement levels could also offer further insight into potential resistance points during a recovery.
Long
by yashida
EUR/USD Technical Analysis: (READ DESCRIPTION)EUR/USD Technical Analysis: Bullish Outlook Pivot Point: 1.0775 EUR/USD is currently showing signs of a potential upward move, with support firmly established at 1.0775. The technical indicators suggest a preference for long positions as the pair is poised for further gains. Our Preference: Long Positions Recommended Trade: Long positions are favored above 1.0775, with targets set at: First Target: 1.0805 Second Target: 1.0820 This indicates a potential rise of 12 to 27 pips as the bullish momentum strengthens. Alternative Scenario: Downside Potential If EUR/USD falls below 1.0775, consider looking for downside targets at: First Target: 1.0760 Second Target: 1.0745 This would suggest a shift in momentum and potential downward correction. Technical Indicators: RSI (Relative Strength Index): The RSI calls for a new upward leg, showing buying strength and bullish momentum. MACD (Moving Average Convergence Divergence): The MACD is positive, supporting the bullish configuration. Moving Averages: The price is trading above both its 20-period and 50-period moving averages, reinforcing the positive outlook. Price Action and Trends: Above 1.0775: As long as the price remains above this pivot point, the upside trend is expected to prevail, potentially targeting 1.0805 and 1.0820. Below 1.0775: A break below this support level would invalidate the bullish scenario, opening up potential losses toward 1.0760 and 1.0745. This would indicate a shift in momentum, suggesting a corrective move in price action.
by CharivapaAlgo
EUR/USD Holds Ground: Will US Jobless Claims Spark a Rebound?The EUR/USD pair is holding its ground early on Thursday, hovering near 1.0803 as I write this analysis. Despite the lingering risk-averse sentiment in the market, the US Dollar (USD) continues to gain traction, driven by Wednesday’s rise in US Treasury bond yields. The pair managed to stabilize after a four-day slide, but the Greenback’s strength remains evident amid growing demand for safe-haven assets. US Economic Data in Focus The US economic calendar is set to deliver critical data in the second half of the day, including the weekly Initial Jobless Claims and S&P Global PMI data. The market expects the number of new unemployment benefit applications to approach 250,000, a potential increase that could trigger a bearish reaction for the USD. If this data indicates a softening labor market, it could challenge the recent bullish momentum of the US Dollar, causing a shift in sentiment. Given the anticipated economic releases, traders should be prepared for heightened volatility in the EUR/USD pair. Should the data meet or exceed the forecasted rise in jobless claims, it could weaken the USD, providing a potential boost for the Euro. However, the broader market remains cautious, suggesting that any positive move for the Euro could be short-lived. Technical Outlook: A Drop Before a Rebound? From a technical standpoint, we anticipate a potential pullback in the EUR/USD pair following the release of today’s data. The price could dip toward our set Buy Limit levels, presenting a buying opportunity before a possible recovery. Current market dynamics suggest that the pair could experience short-term selling pressure as traders react to the incoming data, followed by a rebound if the economic numbers align with expectations of a softer US labor market. COT Report Insights The latest Commitment of Traders (COT) report continues to show that retail traders are predominantly short on the EUR/USD, while institutional investors—often referred to as the "smart money"—have started to move in the opposite direction. This positioning shift indicates that major players might be preparing for a possible upward move in the pair, despite the prevailing risk-off sentiment. Conclusion: Brace for Volatility As we head into today’s US economic releases, expect high volatility in the EUR/USD. Traders should watch for potential bearish pressure on the USD if jobless claims rise as expected. However, the overall sentiment in the market remains cautious, with the potential for rapid shifts in direction depending on the data outcome. ✅ 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. Stay alert, manage your risk carefully, and be prepared for both opportunities and challenges as the EUR/USD navigates today’s volatile trading session.
Long
by FOREXN1
3