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EURUSD trade ideas

EURUSD broke 13 month Low! Strong long term buy signal.EURUSD hit yesterday 1.0500, a price we last saw 13 months ago on October 13th 2023. That is the bottom of the Rectangle pattern and it is technically a rare buy opportunity. Additionally, it appears to be repeating the bearish wave of July - September 2023, which bottomed on step 4 and rebounded above the 0.618 Fibonacci extension. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.09235 (Fibonacci 0.618). Tips: 1. The RSI (1d) is on a Rising Support, thus a Bullish Divergence. That is an additional buy signal. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
1
EUR/USD : First Long, then SHORT! (READ THE CAPTION)Analyzing the #EURUSD chart in the daily timeframe, we can observe that the price is currently trading around the demand zone of 1.056. having declined over 500 pips from previous highs. This decline has brought the price into a significant demand zone between 1.0520 and 1.0580, where we anticipate a potential bullish reaction. If the price manages to hold above this level, we can anticipate a short-term upward move. However, the overall trend remains bearish unless proven otherwise! Fundamentally, the euro has been under pressure due to concerns over potential U.S. tariff hikes following Donald Trump's election victory, which could negatively impact the eurozone economy. Historically, the euro has fallen below the $1 mark twice, including for a few months in 2022 amidst rising U.S. interest rates and the energy price surge from the Ukraine war. A weak euro could raise import costs, potentially spiking inflation, though recent trends suggest inflation may not be a major concern. On the flip side, euro depreciation benefits exporters, particularly in Germany. In summary, while the EUR/USD is currently in a bearish trend, the proximity to a significant demand zone and oversold technical indicators suggest a potential short-term upward correction. However, the overall trend remains bearish unless a sustained move above key resistance levels occurs. THE MAIN ANALYSIS : 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
by ArmanShabanTrading
7
My Thoughts...This is just a follow up... Since we made a new LL. I have this two scenarios... 1) The pair has a possible for retesting the previous LL (on the daily time frame) And continue with the bearish trend... 2) The pair could start By Changing the structure and buying or moving with a bullish trend. The pair will confirm with taking out the LH (on the daily time) that will be my confirmation that the bearish structure is finished bulls are in control Let wait for confirmation for both scenarios before placing the trade so let's wait and see Use proper risk management Let's do the most!!!
by Ramokaelo
1
EURUSD 4hr ShortEURUSD ✅ 4hr Short ✅ 💰ENTRY: 1.05866 👎STOP LOSS: 1.06098 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
1
Fundamental Analysis of EURUSDEURUSD is trading in the support area which has been respected by the price action since December of 2022. Similarly, there is an area of resistance. There are two scenarios based on the current geopolitical tension and the policy of the new administration in the US. Scenario#1: Risk OFF or USD depreciates against EUR and other currency pairs The new US administration will take charge in Jan 2025, and by that time if the Scenario#2 has not happened then the EUR should appreciate significantly against USD. The new administration is expected to be business friendly. The US economy should get an ultra-boost because of lower taxes and less regulations. There are many other promises made by the winning party like the increase in import tariffs on all the countries, deportation etc., maybe those promises were to attract voters. We don't know how it will play out, so we go with the simple approach that republican party means less regulation, hence business friendly. Scenario#2: Risk ON or USD appreciates against EUR and other currency pairs This scenario could play out even before the new administration takes charge!!! We don't know if it is a bluff from Russia or a real threat, but the fear of nuclear war can be frightening. Whenever there are major escalations in the world, the USD appreciates and that is as simple as 1 + 1 = 2, right?
by spranav
1
EUR/USD Waiting game EUR/USD Hourly Chart Analysis: Consolidation and Waiting for Breakout The EUR/USD currency pair is currently consolidating within a tight range on the hourly chart, reflecting indecision in the market. Price action has been fluctuating between key support and resistance levels, indicating a lack of clear direction in the short term. This consolidation phase suggests that market participants are awaiting a catalyst to drive the next significant move. Key Observations: Support: The pair is finding support around the 1.0520 level, which has held multiple times during the recent price action. Resistance: On the upside, resistance is being seen around the 1.0600 handle, where recent rallies have failed to sustain momentum. Current Price Action: The market is trapped between these levels, forming a range-bound structure. Price is moving sideways, with alternating higher lows and lower highs, indicative of a neutral market sentiment. What to Watch for: Upside Break: A breakout above the 1.0600 resistance could signal a continuation of the bullish trend, with potential targets toward 1.0750. A successful break and retest of this level would suggest that upward momentum is gathering strength. Downside Break: On the other hand, a breakdown below 1.0600 support would open the door for a move toward 1.0500 and possibly lower levels. A break and retest of this support zone would confirm a bearish shift in market sentiment. Conclusion: The EUR/USD pair is in a consolidation phase on the hourly chart, and traders should remain alert for a breakout either to the upside or downside. A clear break and retest of either the support or resistance levels will offer a more defined trading opportunity in the direction of the breakout. Until then, price action is likely to remain range-bound, with limited directional bias
by Jarvis_Trades
1
The Evolution of Forex Trading Platforms and the MarketThe Evolution of Forex Trading Platforms and the Market Forex trading has come a long way since its early days. From manual cash exchange and institutional trading to simple, user-friendly online platforms available for everyone. This FXOpen article explores how technology has transformed forex trading and how AI-based algorithms are used to analyse market data today. Early Days of Forex Trading The history of forex trading in the world is long, dating back to ancient times when people traded goods and services across borders. However, the modern forex market as we know it today began in the 1970s after the collapse of the Bretton Woods system. Since then, currencies have been allowed to float freely against each other. In the early days, forex trading was performed manually, and the role of financial institutions was significant. However, manual methods had their challenges and limitations, such as the lack of real-time data and the need for human intervention. Rise of Electronic Trading Platforms The next step in forex market history was the development of electronic trading platforms. The foreign exchange market has experienced a profound transformation with the advent and proliferation of electronic platforms. These platforms have revolutionised the way currencies are traded, leading to increased accessibility, efficiency, and transparency in the world's largest financial market. The forex market has benefited immensely from advancements in technology. High-speed internet connections, powerful computers, and sophisticated software have enabled traders to execute orders swiftly and efficiently, regardless of their location. The emergence of electronic communication networks (ECNs) in the 1990s-2000s and the introduction of electronic trading platforms transformed the industry. ECN accounts connect leading brokers and individual traders with each other so that they can trade directly, bypassing the exchange mechanisms of intermediaries. ECN globalised the market, as it allowed transactions to be conducted outside the working hours of a particular location. The advantages of such electronic systems are the possibility of daily and round-the-clock trading, the expansion of the number of bidders offering their quotes, and the prompt supply of participants with all necessary information. If you are interested in ECN trading, you can open an FXOpen account. Mobile Apps A positive change in the history of forex trading was the shift from calling brokers to direct trading opportunities via electronic platforms. But this required access to a desktop computer. When mobile phones went mainstream, following the market became much easier. The development of mobile applications has made forex trading more convenient and accessible. It has made it possible for traders to access the markets from anywhere, at any time. Traders can now execute trades and monitor their positions on the go. Mobile apps offer convenience and accessibility, making modern forex trading more efficient and user-friendly. Social and Copy Trading Social trading networks have become increasingly popular in recent years. These networks allow traders to follow and replicate the strategies of other traders. Copy trading, in particular, has gained popularity. This method allows newcomers to take advantage of the expertise of more experienced traders. One advantage this provides is the opportunity to automate strategies and reduce the need for human intervention. However, both social and copy trading come with a set of risks, such as the potential for losses due to the replication of flawed strategies. Algorithmic and High-Frequency Trading (HFT) One promising innovation in the field of trading is the introduction of algorithms. This has the potential to change forex trading because now traders can automate their strategies using computer programs. Robots carry out trades according to predetermined rules and algorithms, and traders only need to observe the course of trading and intervene if necessary. As a subset of algorithmic trading, high-frequency trading (HFT) is also developing. HFT strategies help traders execute trades at lightning speed. Additionally, artificial intelligence and machine learning are playing an increasingly important role in algorithmic trading. AI-based tools collect, sort, analyse and classify market data and make asset selection recommendations. Cryptocurrency* and Forex Integration Recently, the market saw a sharp rise in the popularity of cryptocurrencies* as traded assets and their integration with forex. The evolution of the forex market is that platforms now allow traders to trade cryptocurrencies* alongside traditional forex pairs on the same platform. The impact of blockchain technology on forex markets is yet to be fully realised. But right now, it can be said that it may enable more secure and transparent transactions. The decentralised nature of blockchain enables innovations, such as decentralised exchanges and peer-to-peer trading. Final Thoughts While there are risks associated with forex trading, the integration of technology has made it more accessible to retail traders, and modern algorithms may make it simpler and more transparent. As the evolution of foreign exchange markets continues, traders try to stay informed and adapt to new technologies. You can explore our blog to learn more about highly effective trading strategies and top currency pairs and use the TickTrader platform to access advanced charts and trade various assets on a single account. Join the trading community with FXOpen! *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
EURUSD Trendline Breakout Ready for a Long BullHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Elliott Wave View Looking Further Downside in EURUSDShort Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from 9.25.2024 high, wave A ended at 1.076 and wave B rally ended at 1.09369. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure. Down from 11.6.2024 high, wave (i) ended at 1.082 and wave (ii) rally ended at 1.0857. Wave (iii) lower ended at 1.0718 and wave (iv) ended at 1.078. Wave (v) lower ended at 1.0682 which completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 1.0825 with internal subdivision as a zigzag. Pair then turned lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1.076 and rally in wave (ii) ended at 1.0809. Pair resumed lower in wave (iii) towards 1.059 and rally in wave (iv) ended at 1.0654. Pair extended lower 1 more time in wave (v) towards 1.0493 which completed wave ((iii)) in higher degree. Wave ((iv)) is in progress as a double three Elliott Wave structure. Up from wave ((iii)), wave (w) ended at 1.0593 and pullback in wave (x) ended at 1.0513. Expect wave (y) higher to complete at 1.061 – 1.067 area and this should complete wave ((iv)) in higher degree. From there, expect the pair to extend lower.
by Elliottwave-Forecast
1