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EURUSD trade ideas

The euro lost its upward momentum due to recession fears Worries about a potential recession in the eurozone, coupled with the ECB's decision to implement further rate cuts, are negatively impacting the sentiment toward the euro. Spain's September CPI (YoY) dropped to 1.5%, marking the lowest since April 2021, while France's CPI (YoY) came in at 1.1%, falling short of the market consensus of 1.2%. Moreover, Germany's ZEW Current Conditions in October plummeted to -86.9, reaching the lowest since May 2020, intensifying concerns about the Eurozone economy. EURUSD briefly breached the descending channel’s upper bound but failed to hold the upward momentum, falling to 1.0810. If EURUSD maintains a downtrend within the channel, the price may fall further to 1.0670. Conversely, if EURUSD breaches the channel’s upper bound again and rises above EMA21, the price could advance toward 1.0940.
by inkicho_exness
Unlock Market Targets with Fibonacci: Precise Entries & Exits Hey there! In this video, I’ll walk you through how I use the 50% and 100% Fibonacci levels to get a clear sense of where the market might move next. It’s a simple, no-fuss approach that helps me trade with more confidence—without cluttering my charts with tons of indicators. The projection marks where a move might wrap up—perfect for deciding when to exit or take profits. Whether you’re into forex, crypto, or stocks, this strategy can keep things simple and effective. If you found this helpful, feel free to like, boost, comment, or follow—I’d love to know your thoughts and hear how this method works for you! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
Unveiling the Next Big Move in EUR/USD: A Fresh Continuation SetThe EUR/USD pair has recently experienced a significant downward move, driven by market reactions to recent news events. This drop has brought the price to test the August opening price level, suggesting further bearish momentum. The market's trajectory continues to print lower lows, and all signs point toward a potential retest of the psychologically significant 1.0800 level, which often serves as a magnet for price in such trends. Recently, the price rebounded from just above this key level, bouncing off the 1.08100 mark. This development now opens up an intriguing opportunity for a pullback trade. As the price climbs back toward a key resistance zone—aligned with a descending trendline—there’s potential for a rejection at this area, signaling a continuation of the current downtrend. This resistance zone, combined with the trendline acting as a dynamic barrier, could be where sellers regain control. However, it’s important to keep in mind that today is Friday, a day notorious for low liquidity and market indecision as traders close positions ahead of the weekend. This could result in some choppy, sideways trading action rather than a strong directional move. Given this, patience is required to see how price reacts to the resistance zone. Should the price reject this area convincingly, it would confirm bearish momentum and increase the likelihood of a retest of the support at 1.08100. This level not only marks the recent bounce point but also serves as a key support structure that could define the next leg of the market's movement. While this trade setup favors a continuation of the bearish trend, the potential for sideways movement today means that the timing of any significant move may stretch into the next trading week. In summary, all eyes are on the resistance zone and descending trendline. If the price shows signs of rejection here, it could offer an excellent opportunity to enter a short position, targeting the 1.08100 support level as the first objective.
Short
by lonelyPlayer0
EUR/USD lower, ECB’s Kazimir confident in ‘disinflation path’The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day. The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011. The rate cut was the third time the ECB has lowered rates this year, as it has been aggressive in its rate-cutting cycling, totaling 75 basis points. The rate statement from last week’s meeting noted that the “disinflationary process is well on track” and that the inflation outlook had improved due to “recent downside surprises” in economic activity. The September inflation report, released just before the rate announcement on Thursday, indicated that inflation dropped to 1.7% y/y, down from 1.8% in August. This was a milestone as it was the first time inflation has dropped below the ECB’s target of 2% since July 2021. The optimistic stance was reiterated by ECB Governing Council member Peter Kazimir, who said on Monday that he expects inflation to drop to the 2% target in 2025. Kazimir said he was “increasingly confident that the disinflation path is on a solid footing” which would allow the ECB to continue cutting interest rates. The ECB remains somewhat cautious, particularly over wage growth and services inflation which have been stubbornly high and are upside risks to the inflation outlook. Still, after three rate cuts this year it’s clear that the direction of the rate path is down and the markets expect the ECB to continue trimming rates right through to March 2025. EUR/USD has pushed below support at 1.0854 and is testing support at 1.0837. Below, there is support at 1.0808 1.0884 and 1.0900 are the next resistance lines
by OANDA
TRIANGLE PATTERNS 101The triangle pattern is one of the most common yet least reliable formations in trading. It occurs during periods of price consolidation or reversals, representing a narrowing trading range defined by two converging trend lines. For a trendline to be established, at least two touches are required. Consequently, a complete triangle typically consists of a minimum of four touches—two for each trendline. However, in practice, triangles tend to be more reliable when there are three or more touches on each line. In essence, the greater the number of touches, the stronger the lines become. The more frequently the price interacts with these lines, the higher the likelihood that they will serve as significant support and resistance zones, thereby resulting in a more powerful breakout. There are two main types of triangles: symmetrical and ascending/descending. Let's explore both of these patterns in more detail. 📍 Symmetrical Triangles A symmetrical triangle is formed by two or more trends combined with price movements, characterized by each successive high being lower and each low being higher than the previous ones. Unlike an extension, where trend lines diverge, the lines connecting the peaks and troughs in a symmetrical triangle converge. These triangular patterns are often referred to as “springs” because, as they develop, price fluctuations tend to calm down and trading volumes decrease. When the triangle is finally broken, the price can shoot out sharply—much like a tightly compressed spring releasing its tension. This breakdown occurs as the price breaks through the triangle with increased momentum. The essence of the symmetrical triangle lies in its ability to balance the interests of buyers and sellers during its formation. When a breakout occurs, trading volume typically surges, signaling that one side has gained the upper hand in terms of price direction. While most patterns provide fairly clear indicators of potential breakout directions, the symmetrical triangle encourages a bit of speculation. The prevailing trend remains dominant until it is definitively proven otherwise, leading to the assumption that the breakout will likely align with the main trend. Hints of a reversal — a breakout in the opposite direction might emerge if the price moves too far in either direction. Additionally, it's prudent to observe other assets; if they are breaking in a new direction, it could signal a potential shift. Generally, a reversal is more probable if the symmetrical triangle forms after a strong trend and remains intact for an extended period. However, in the absence of these signs, the default assumption should be that the primary trend will continue. 📍 The Psychology Behind Triangles in Trading A triangle formation in trading represents an escalating battle between buyers and sellers. It begins with a strong price movement on the left side of the pattern, reflecting volatility and uncertainty in both camps. As the price climbs to the apex of the triangle, buyers initially lose their enthusiasm while sellers start to take action. Subsequently, the price retracts, attracting those who missed out on the earlier surge and are determined to capitalize on this opportunity. At this juncture, sellers grow weary, and the price begins to rise again, though not as dramatically. This moderate increase confuses buyers once more. Potential sellers, who may have regretted their missed opportunity to sell at higher prices, begin to set aside their greed and are willing to sell at lower levels. Ultimately, the price falls once again, bringing in new buyers. However, with each cycle, the number of participants dwindles, leading to increasingly subdued price reactions. The initial excitement fades, and market participants become more cautious, waiting for stability and a normal balance to be established. As the triangle progresses, the boundaries between buyers and sellers draw closer, as neither side can assert its dominance. Typically, when the price stalls at the top of the triangle, even a slight imbalance in supply and demand can trigger a significant price movement. In summary: The more touchpoints there are within a triangle, the more substantial the price movement is likely to be after a breakout. A strong indicator of breakout strength is the contrast between decreased volume during the triangle's compression and a sudden surge in volume upon breakout. The greater this difference, the more decisive the outcome and the stronger the trading signal. 📍 Identify The Price Target For The Triangle Breakout To identify where the price might move after a triangle breakout, there is a traditional method you can use. First, draw a line parallel to the upper trendline, starting from the base of the triangle. This reference line will help identify the target zone the price is expected to reach, providing insight into potential future movements. When analyzing a symmetrical triangle, the same approach applies. You can also apply this method at the lower trend line of the formation. This technique is versatile and can be useful in various consolidation patterns as well. In the second example, you would measure the distance between the peak of the triangle and the subsequent low. This distance can then be projected from the breakout point to estimate the price's likely direction and target. By using these methods, we can gain a clearer understanding of potential price movements following a triangle breakout. 📍 Turning a Symmetrical Triangle into a Head and Shoulders Pattern Triangles, particularly symmetrical triangles, are often viewed as less reliable price patterns in technical analysis. This is primarily due to their tendency to evolve into different formations entirely, making them challenging to interpret. For instance, what starts as a symmetrical triangle can eventually transform into a head and shoulders pattern, which may lead to a misleading breakout that doesn’t accurately predict subsequent price movements. In a scenario where a triangle breakout appears promising, the price may undergo another movement that creates the contours of a sloping head and shoulders pattern. This transformation represents a significant shift in market sentiment and can lead to false expectations regarding future price behavior. Therefore, traders must be cautious and aware of this possibility, as it highlights the unpredictable nature of triangle patterns. To mitigate the risk of being caught off guard by such deceptive formations, it's beneficial to apply a filtering technique. Focus on patterns where the price has interacted with the trendlines—either support or resistance—two or more times. More touches or approaches reinforce the validity of the trendlines, lending them greater significance as points of support or resistance. Consequently, when a breakout occurs from a well-established triangle, it is more likely to be strong and reliable. 📍 Ascending and Descending Triangles A symmetrical triangle alone does not indicate the direction of a potential breakout, whereas an ascending or descending triangle does, due to the presence of sloping support and resistance lines. As is the case with most patterns, a breakout from a triangle is typically followed by a pullback. If you missed the initial breakout, this pullback often presents a second opportunity to enter the trade, usually under calmer market conditions. If a pullback trendline can be identified, it enhances the breakout line as a favorable entry zone, reinforcing the validity of the breakout that has already occurred. 📍 Transforming Ascending and Descending Triangles into Rectangles One challenge with these patterns is that many rectangles can initially appear similar to ascending and descending triangles. Consequently, it's important to exercise caution when analyzing these formations. 📍 When Ascending and Descending Triangles Fail We’ve already observed that ascending and descending triangles can sometimes evolve into rectangles. Typically, there are two scenarios where this failure can occur. The first scenario arises when the price breaks above the horizontal trendline, only to subsequently return and fall back through it. In the case of a false upward breakout, a closely situated false peak forms, allowing us to place a tight stop just below the trendline. The second situation occurs when a descending triangle fails due to the breaking of the rising or falling trendline before the horizontal trendline is broken. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
1
Possible Short on EURUSD. Strong Bearish BiasThe market is in a strong downtrend. On Thursday, there was a break of Wednesday's low, showing the sellers' willingness to continue the decline. On Thursday, there was a buying movement in the premium zone, which to me was a false move, a pullback. On Monday, there was a downward movement toward the low at 1.08111, and after the break of this level, I expect the price to rise above the 50% level so that sellers feel comfortable continuing the movement. ICMARKETS:EURUSD
Short
by LordZanda
2
Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades. By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success. Key Fundamentals Supporting a Bearish Outlook: - Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges. - Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment. - Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair. These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions. 1W: HOURLY ENTRY: If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!
Short
by Jasminex1x2
1
Fibonacci Retracements: Finding Key Levels the Easy WayIn this video, I’ll walk you through how I use Fibonacci retracements to spot those key pullback levels where price might bounce and keep trending. It all comes from an old-school math genius named Leonardo of Pisa (aka Fibonacci), but don’t worry – no crazy math here, just practical trading tools. The main levels I focus on? 38.2%, 50%, and 61.8%. IF price holds at one of these levels, THEN it’s a good sign the trend could keep going. IF NOT, THEN I stay ready for a deeper pullback. Using this tool helps me stay ahead and manage trades with more confidence. Your Turn: Here’s a fun exercise – draw Fibonacci retracements on different timeframes, from the weekly all the way down to the 5-minute chart. Check how the levels overlap or line up. Those overlaps, or confluences, are where some of the best trades happen! If this clicks with you, hit like, drop a comment, or follow – I’ll keep sharing more tips to help you crush the markets! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
2
EURUSD SHORT.EURUSD has failed to break the 1.2500 level for the third time in almost 3 months, we also saw price drop a significant 750 PIPS after last touching that level in July. Even though price has been in a short term range between 1.1000 and 1.2500 and did not actually touch the 1.2500 level this time, price was still extremely close to that level twice before a significant rejection and a 200 PIP drop, which has now resulted in 2 confluences which I believe are good for sells. Firstly the break of the range to the downside with a large bearish 4 hour candle which also closed below the range and the significant 1.1000 quarter point. I now expect to see a retest of the 1.1000 level and a drop to the target area of 1.07942 or lower to test the 1.07500 level.
Short
by JBFX95
Mastering the "IF-THEN" Mindset: The Key to Stress-Free TradingIn this video, I’ll share how using IF-THEN statements helps me stay balanced in my trading. It’s simple: IF the price does this, THEN I’ll do that. Having a plan like this keeps me from getting caught up in emotions and helps me react to what’s actually happening in the market – not what I wish would happen. This mindset keeps things smooth, makes trade management easier, and keeps me consistent. It’s all about staying ready for whatever the market throws your way. If this vibe clicks with you, drop a comment, like, or follow – I’ve got plenty more insights to share! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
EURUSD A Fall Expected! SELL! My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0865 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.0846 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/USD remains rooted in bearish trendThe EUR/USD's brighter start faded as the session wore on, with the US dollar rebounding across the board. Today’s macro calendar has been quite quiet apart from that bigger than expected rate cut by China’s central bank we saw overnight. In fact, there won’t be much in the way of any important scheduled data release until Thursday’s publication of the PMI numbers from the Eurozone and around the world. This should allow the focus to turn to the US presidential election. In the eurozone, the only notable data release was German PPI, which came in at -1.4% YoY in September, below forecasts of -0.8%. The data points to weak demand and suggests that consumer inflation could fall further, thus allowing more rate cuts by the ECB. This is clearly another piece of data that is negative for the euro. Later this week, the focus for euro traders is expected to focus on the global PMI data release scheduled for Thursday, October 24. The eurozone's manufacturing sector, which has been in contraction for two years, is of particular concern, and weak PMI figures could place further pressure on the euro. Additionally, attention is turning toward the US presidential election, where Donald Trump is gaining ground in the polls. A potential Trump victory could further strengthen the US dollar, particularly due to his hawkish stance on tariffs targeting European and Mexican car imports. Indeed, the Trump trade is already gaining momentum after the latest opinion polls and odds trackers point to an increasing likelihood of him winning the US presidential election. Trump’s protectionist policies should be bad news for the Eurozone as compared to a Harris win. So, if Trump’s odds of success increases over the next couple of weeks, then, assuming everything else being equal, we could see the EUR/USD weaken as a result. From a technical perspective, the EUR/USD remains in a bearish trend, with short-term resistance at 1.0870 (200-day moving average) seems to be holding today. Further key resistance levels come in at 1.0900 and 1.0950. On the downside, the August low of 1.0777 is the next bearish target, followed by the 1.0700 handle. By Fawad Razaqzada, market analyst with FOREX.com
Short
by FOREXcom
Euro will make move down and then rebound up from wedgeHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price declined to mirror line and then started to grow. In a short time, the price broke the 1.1000 level, made a correction to the resistance area, and then continued to move up to the seller zone. When it reached this area, the price soon turned around and dropped to the mirror line. Euro some time traded near this line and then fell to the 1.1000 level, breaking the mirror line. Also then, the price started to trades inside the wedge, where it first rose between the mirror line to the seller zone again. When the Euro reached this area, it turned around and made a downward impulse, thereby breaking 1.1175 and 1.1000 levels, after which made retest and continued to fall to the support line of the wedge. At the moment, the price trades very close to the resistance line of the wedge, so, for this case, I think that the Euro can little decline and then rebound up, thereby exiting from the wedge. For this case, I set my TP at 1.095 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
#EURUSD 1HEUR/USD 1-Hour Chart Analysis: On the EUR/USD 1-hour chart, the price has reached a key support level, signaling a potential area for a bullish reversal. The market has shown resilience at this level multiple times, indicating strong buying interest from traders. Forecast: - **Buy** near the support level, as the price is expected to bounce back from this zone. - This support level is likely to hold, making it a good entry point for a potential upward movement. - Watch for bullish price action, such as candlestick patterns or increased buying volume, to confirm the reversal and the continuation of the uptrend. You can adjust it to match your strategy as needed!
Long
by PIPSFIGHTER
1