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EURUSD trade ideas

Heading into 38.2% Fibonacci resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.0662 1st Support: 1.0496 1st Resistance: 1.0776 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
Short
by ICmarkets
EUR/USD Weekly Analysis"On Monthly: It seems ZigZag bouncing between 1.1200 and 1.0500 Psychological Support & Resistant are getting over and moving down. If FED doesn't lower the interest rate this month, the Bearish move will continue through January due to Trump presidency and change in GOV. All three EMA, 200, 50 and 20 are nicely Bearish. -- On Weekly: It broke through Daily Bullish trendline and broke through 1.0500 Historical and Psychological number and it's bouncing up to mose likely test the trend line again for potentially further Bearish move. All three EMA 200, 50 and 20 are Bearish as well.--On Daily: It is hiting the 1.0600 Resistant . Depending on the formation which can make Inverted Head & Shoulders OR just head down bearish, we can determine our Entry. All three EMA 200, 50 and 20 are Bearish as well. -- On Hourly: It seems it going to touch 1.0600. If it touches and get rejected, then there is a nice Bearish opportunity. All three EMAs are Bullish as of now. But as it consolidate at 1.0600 Resistant, it's most likely squeeze these three EMA befor break down Bearish and cut them. "
by Ha-Lion
EURUSD 1/12/24As we enter the first week of December, our bias remains the same as last week—bearish. While the GBP/USD pair has shifted to a bullish bias, EUR/USD has yet to follow suit. As always, we track price based on our established bias. From this chart, you can see several bearish targets in the form of liquidity lows. If we see a push higher, this may take price into the supply area above and toward the nearest liquidity high relative to the current price. At this stage, we will look for a clear sell setup to drive price back down toward the liquidity levels marked below. If no pullback occurs and price moves lower, aligning with our bearish bias, we’ll look for liquidity highs to form and be taken out as we continue downward. Be aware of the demand zone sitting below the current price, as it may push the market back up if contacted. For now, we remain bearish and focused on sell opportunities. Keep an eye on the daily bias, as it could shift if price holds higher within this range. Trade safe and stick to your plan!
by PipSurfingSociety
Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 4Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 47 EMA The EUR/USD pair, on the 2-hour (2H) chart, shows clear signs of movement within a descending channel. In this article, we use the Exponential Moving Averages (EMAs) of 200 periods (white) and 47 periods (gray) as key references to identify the trend and critical trading levels. General Context The 200 EMA is widely used to evaluate the long-term trend, while the 47 EMA provides insights into short- to medium-term momentum. The interaction between these two moving averages is essential to identify potential reversals or confirm trend continuation. Current Analysis Predominant Trend: The price is currently below the 200 EMA (white), reinforcing the scenario of a long-term bearish trend. The 47 EMA (gray) is also below the 200 EMA, further supporting the medium-term bearish bias. Key Technical Levels: Main Resistance: EMA 200: 1.06684. A breakout above this level may signal a trend reversal to bullish. EMA 47: 1.06064. This level acts as an intermediate resistance. Failure to break this level could lead to renewed selling pressure. Key Supports: 1.04992: The first significant support. 1.03822: A psychological support level and potential target in the case of bearish continuation. Momentum Indicators: Stochastic and other relative strength indicators suggest a slight exhaustion of selling pressure but do not yet confirm a reversal. Trading Scenarios Scenario 1: Bullish (Breakout Above the 200 EMA) Entry: Buy above 1.06684 (200 EMA). Target: 1.07156 or higher. Stop Loss: Below 1.06064 (47 EMA). Scenario 2: Bearish (Rejection at the EMAs) Entry: Sell below 1.04992 or after rejection at 1.06064 (47 EMA). Target: 1.03822 (support). Stop Loss: Above 1.06684 (200 EMA). Summary The EUR/USD pair remains under bearish pressure as long as it stays below the 200 EMA. Rejection at the resistance levels (1.06064 and 1.06684) may reinforce the selling bias, while a breakout above these levels could pave the way for a recovery. Key Support Levels First Support Level: 1.04992 Significance: This level is a short-term support and represents a key pivot point. It has been tested multiple times recently, making it a critical threshold for bullish or bearish continuation. Implications: If the price breaks below this level, it could confirm continued selling pressure. Traders might consider this level for a short position if it breaks convincingly, with targets at the next support. Second Support Level: 1.03822 Significance: This is a major psychological and technical support level, representing a stronger area of buying interest. Historically, this level has acted as a floor during significant sell-offs. Implications: A break below this level would likely signal further bearish momentum and could open the door for a test of even lower levels. Traders might look for strong buying activity here as a potential reversal zone. Additional Notes on Support Levels: Dynamic Support: The 47 EMA (gray) may act as a dynamic support if the price closes above it. This is not a fixed level but changes as the EMA adapts to price movement. Oversold Conditions: Momentum indicators like stochastic oscillators or RSI in the oversold zone around these support levels could hint at a potential bounce. Scenarios Around Support Levels Bounce at 1.04992: If the price holds above 1.04992, it could rebound toward 1.06064 (47 EMA) or 1.06684 (200 EMA). Entry Idea: Look for bullish candlestick patterns like a hammer or engulfing candle for confirmation. Break Below 1.04992: A decisive break below this level could lead to a swift move toward 1.03822. Entry Idea: Short position below 1.04992, targeting 1.03822, with a stop above 1.06064. Testing 1.03822: If the price reaches 1.03822, strong buying pressure could emerge as traders look for a potential bottom. Entry Idea: Wait for a clear rejection or reversal pattern before entering long. Potential Support Level Extension If 1.03822 is breached: Next Psychological Levels: Watch for round numbers like 1.03000. Fibonacci Levels: Use a Fibonacci retracement tool to identify additional supports if the price drops further. Conclusion The 1.04992 and 1.03822 levels are critical to watch for short-term and medium-term trading. Monitoring how the price reacts at these supports, combined with momentum indicators, will provide clues on whether the bearish trend continues or a reversal is forming. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always consult with a professional before making any trading decisions. Let me know if you’d like me to analyze potential targets below 1.03822 or focus on other specific levels!
by RaffDN
Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 4Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 47 EMA The EUR/USD pair, on the 2-hour (2H) chart, shows clear signs of movement within a descending channel. In this article, we use the Exponential Moving Averages (EMAs) of 200 periods (white) and 47 periods (gray) as key references to identify the trend and critical trading levels. General Context The 200 EMA is widely used to evaluate the long-term trend, while the 47 EMA provides insights into short- to medium-term momentum. The interaction between these two moving averages is essential to identify potential reversals or confirm trend continuation. Current Analysis Predominant Trend: The price is currently below the 200 EMA (white), reinforcing the scenario of a long-term bearish trend. The 47 EMA (gray) is also below the 200 EMA, further supporting the medium-term bearish bias. Key Technical Levels: Main Resistance: EMA 200: 1.06684. A breakout above this level may signal a trend reversal to bullish. EMA 47: 1.06064. This level acts as an intermediate resistance. Failure to break this level could lead to renewed selling pressure. Key Supports: 1.04992: The first significant support. 1.03822: A psychological support level and potential target in the case of bearish continuation. Momentum Indicators: Stochastic and other relative strength indicators suggest a slight exhaustion of selling pressure but do not yet confirm a reversal. Trading Scenarios Scenario 1: Bullish (Breakout Above the 200 EMA) Entry: Buy above 1.06684 (200 EMA). Target: 1.07156 or higher. Stop Loss: Below 1.06064 (47 EMA). Scenario 2: Bearish (Rejection at the EMAs) Entry: Sell below 1.04992 or after rejection at 1.06064 (47 EMA). Target: 1.03822 (support). Stop Loss: Above 1.06684 (200 EMA). Summary The EUR/USD pair remains under bearish pressure as long as it stays below the 200 EMA. Rejection at the resistance levels (1.06064 and 1.06684) may reinforce the selling bias, while a breakout above these levels could pave the way for a recovery. Key Support Levels First Support Level: 1.04992 Significance: This level is a short-term support and represents a key pivot point. It has been tested multiple times recently, making it a critical threshold for bullish or bearish continuation. Implications: If the price breaks below this level, it could confirm continued selling pressure. Traders might consider this level for a short position if it breaks convincingly, with targets at the next support. Second Support Level: 1.03822 Significance: This is a major psychological and technical support level, representing a stronger area of buying interest. Historically, this level has acted as a floor during significant sell-offs. Implications: A break below this level would likely signal further bearish momentum and could open the door for a test of even lower levels. Traders might look for strong buying activity here as a potential reversal zone. Additional Notes on Support Levels: Dynamic Support: The 47 EMA (gray) may act as a dynamic support if the price closes above it. This is not a fixed level but changes as the EMA adapts to price movement. Oversold Conditions: Momentum indicators like stochastic oscillators or RSI in the oversold zone around these support levels could hint at a potential bounce. Scenarios Around Support Levels Bounce at 1.04992: If the price holds above 1.04992, it could rebound toward 1.06064 (47 EMA) or 1.06684 (200 EMA). Entry Idea: Look for bullish candlestick patterns like a hammer or engulfing candle for confirmation. Break Below 1.04992: A decisive break below this level could lead to a swift move toward 1.03822. Entry Idea: Short position below 1.04992, targeting 1.03822, with a stop above 1.06064. Testing 1.03822: If the price reaches 1.03822, strong buying pressure could emerge as traders look for a potential bottom. Entry Idea: Wait for a clear rejection or reversal pattern before entering long. Potential Support Level Extension If 1.03822 is breached: Next Psychological Levels: Watch for round numbers like 1.03000. Fibonacci Levels: Use a Fibonacci retracement tool to identify additional supports if the price drops further. Conclusion The 1.04992 and 1.03822 levels are critical to watch for short-term and medium-term trading. Monitoring how the price reacts at these supports, combined with momentum indicators, will provide clues on whether the bearish trend continues or a reversal is forming. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always consult with a professional before making any trading decisions. Let me know if you’d like me to analyze potential targets below 1.03822 or focus on other specific levels!
by RaffDN
EURUSD - Short term direction predictionTrend is up on short term timeframes but arguably down on long term ones so this is mixed and we will proceed with only a primary target on this one. The marked price would make a decent short term target as there will be plenty of stop losses sitting above that structure level so I would not be surprised to see an aggressive movement toward this level and maybe potentially slightly higher to capture as many stragglers as possible (This might be handy for people who leave runners on their trades). Also keep in mind that I am only providing potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter.
Long
by Gamblers-Fallacy
EURUSD 1D ANALYSISEUR/USD Analysis – 1-Day Time Frame In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040. Two Potential Entry Models: Rejection from Resistance: If the price bounces back from the 1.06040 resistance level, you can look for a possible entry around 1.05200. From this level, the price may regain upward momentum, offering a favorable buy opportunity. Break and Retest: If the price successfully breaks through the 1.06050 resistance, wait for it to retest this level as a new support. Once confirmed, you can consider an entry at this zone, aiming for a continuation of the bullish move. These setups offer strategic opportunities for those trading EUR/USD. I hope this analysis helps you in your trading decisions. Don’t forget to like and comment for more analysis like this!
Long
by KainT21
More upside and a drop for EUHi traders, Last week EU started the pullback just like I've said in my outlook. Now the pullback is becoming much bigger, so it could also be a leading diagonal for the next impulsive wave up. Next week I'd like to see price coming into the Daily FVG's above which is also the 50.0-61.8 fib retracement and from there a drop. Let's see what the market does and react. Trade idea: Price is too low to trade. Wait for the bigger correction up to finish. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
EurUsd- Long Run "Dec Expectations"Support and Resistance Levels: The green zone highlights the key support level, which the price has recently respected. This aligns with the expectation of a bullish December if the support holds. The pink zone represents a significant resistance area. Historically, the price has reversed upon testing this zone. Weekly and Monthly Dynamics: During the weekly timeframe, the price closed below long-term support but was rejected by the Weekly Order Block (OB), creating mixed signals. Staying below the 1.061–1.062 zone supports the case for a bearish week. If the price pushes above this sell zone, we could see a potential test of the upper resistance levels highlighted. Expected Scenarios: The blue lines represent a bearish scenario where the price may break below the support zone, testing lower levels around the swing low before a potential recovery. The black lines indicate a bullish scenario where the price builds momentum above the swing high, with targets set near the upper resistance zone. Initial Movements: The price action early in the week (Monday and Tuesday) will be crucial to confirm whether the bullish or bearish scenario unfolds. By combining the chart's structure with the previously mentioned observations, we have a clear roadmap. Staying below the 1.061–1.062 range could lead to bearish price action, while a break above this zone might signal a recovery toward higher resistance levels.
Short
by The_FxTricks
EURUSDLooking at EUR/USD, the overall trend remains bearish, and my bias aligns with this due to the consistent break of structure to the downside. While price has been printing lower lows, it has also created an unmitigated supply zone. Currently, I’m waiting for price to sweep the inducement and react off the supply zone. For added confirmation, I’ll monitor this move on the 1-minute timeframe. Ideally, price will take out the equal lows and the resting liquidity on the downside, reinforcing the bearish continuation.
Short
by EzratradesFX
2
EURUSD My Opinion! BUY! My dear followers, I analysed this chart on EURUSD and concluded the following: The market is trading on 1.0414 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0470 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
14
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by Safaric
EUR/USD Gains 1.55% This Week Amid Weak US DataEUR/USD Gains 1.55% This Week Amid Weak US Data The EUR/USD pair strengthened by approximately 1.55% this week, driven by better-than-expected data from the eurozone and disappointing economic reports from the US. Despite this recovery, the long-term outlook remains uncertain, especially as the economic divergence between the two regions continues to weigh on market sentiment. US Data Falls Short of Expectations A series of weaker-than-expected US economic indicators pressured the dollar this week: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10. - **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast. - **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market. - **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing. These data points fueled concerns about slower economic activity in the US, prompting a sell-off in the dollar and supporting EUR/USD gains. Eurozone Data Provides Modest Support The eurozone provided some relief for EUR/USD with slightly better-than-expected results: - **Economic Sentiment (Nov):** Rose to 95.8, exceeding the forecast of 95.1, signaling marginal improvement in business and consumer confidence. While the euro benefitted from these figures, the broader macroeconomic picture in the eurozone remains weak. Comparative Economic Outlook The US economy continues to outshine the eurozone across several key metrics: | Metric | US | Eurozone | |-----------------------|----------------------|---------------------| | **GDP Growth Rate** | 2.70% | 0.90% | | **Unemployment Rate** | 4.10% | 6.30% | | **Inflation Rate** | 2.60% | 2.30% | | **Interest Rate** | 4.75% | 3.40% | | **Manufacturing PMI** | 56.00 | 45.20 | | **Services PMI** | 57.00 | 49.20 | While the eurozone showed some resilience this week, its lower growth rate, higher unemployment, and weaker PMIs highlight the underlying economic challenges. Outlook for EUR/USD Despite this week’s gains, the outlook for EUR/USD remains bearish in the long term. If eurozone economic data continues to underperform, the European Central Bank (ECB) may face pressure to implement faster and deeper rate cuts. Conversely, the US appears to be on a stable path toward a "soft landing," supported by strong labor markets and robust economic growth. Conclusion While EUR/USD benefitted from weaker US data this week, the pair's long-term direction depends on the relative strength of economic fundamentals between the eurozone and the US. The euro remains vulnerable, especially if eurozone data disappoints further and the ECB accelerates its monetary easing. Will EUR/USD sustain its gains, or is a reversal imminent? Share your thoughts in the comments!
Short
by InvestMate
7