Get started

Euro / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURUSD trade ideas

EURUSD: watch for NFPThe release of PCE data was the one closely watched by markets during the previous week. Released data show that the PCE Price Index reached 0,3% in January for the month and 2,5% on a yearly basis, which was in line with market expectations. The core PCE also reached o,3% in January. The personal income was higher by 0,9% for the month and personal expenditures decreased by -0,2% in January, compared to the previous month. As for other macro data posted for the US, the new home sales dropped by -10,5% in January compared to the previous month. This drop was much higher from expected -2,6%. The Durable goods orders were higher by 3,1% in January, higher from market estimate of 2%. The second estimate of the GDP Growth rate for Q4 was standing at 2,3% for the quarter, and was in line with market expectations. The Ifo Business Climate in Germany in February reached 85,2 which was in line with market expectations. The inflation rate in the Euro Zone in January reached 2,5%, while core inflation was standing at 2,7%. These were final inflation figures for January and there was no difference from market expectations. The GfK Consumer Confidence in Germany in March reached -24,7 which was a bit higher from forecasted -21,4. The Retail Sales in Germany increased by 0,2% in January, leading to an increase of 2,9% on a yearly basis. The unemployment rate in Germany in January was standing without change from the previous month at 6,2%. The preliminary inflation rate for February in Germany was 0,4%, leading to a yearly rate of 2,3%. Both figures were in line with market forecasts. Previous week was challenging for financial markets, with a major correction dragging the value of assets toward the downside. US Treasury yields also reacted to the news on potential tariffs. The price of the US Dollar was also under general market sentiment influence, so it was a bit of a mixed trading week. The eurusd currency pair started the week by testing the 1,5 resistance line, reaching the highest weekly level at 1,052. However, the week-end brought some correction toward the downside, so the currency pair ended the trading week at the level of 1,037. The RSI reached its highest level at 59, but ended the week around the level of 45. Moving average of 50 days stopped with divergence from MA200, but the convergence did not start yet, hence, the potential cross is still far away. Markets will use the week ahead to digest all the data from the previous week, especially about trade tariffs, and find a new equilibrium. It should be considered that the Non-farm Payrolls will be released during the week ahead, which might bring back some volatility. As per current charts, some potential levels for the week ahead for eurusd currency pair would be between levels 1,04 and 1,05. Currently charts are more bullish than bearish for eurusd. Still, just in case that the currency pair clearly breaks the current 1,036 level, then the next stop might be at 1,028. However this scenario has a lower probability of occurrence. Important news to watch during the week ahead are: EUR: Inflation rate flash for February in the Euro Zone, Unemployment rate in the Euro Zone in February, HCOB Composite PMI final for February for both Germany and the Euro Zone, ECB Interest Rate Decision on March 6th, ECB Press conference after the ECM meeting, USD: ISM Manufacturing PMI for February, ISM Services PMI for February, Non-farm Payrolls for February, Unemployment rate for February, Fed Chair Powell speech on March 7th.
by XBTFX
EURO - Price can break resistance level and rise to $1.0500Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to trades inside a triangle, bouncing from $1.0450 level and dropping to $1.0275 level. After this, price bounced from this level and rose to resistance line of triangle and then started to decline. Price fell to $1.0175 support line of triangle and then in a short time rose to resistance line and exited from this pattern. Next, Euro started to trades another one triangle, where it reached $1.0530 points and then dropped. Euro made a strong gap and later rose back to resistance line of triangle, but recently it fell below $1.0450 level. Possibly, price can fall to support line and then bounce up to $1.0500 resistance line of triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
EURUSD Will Collapse! SELL! My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0473 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0429 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD: The downtrend remains intact!Dear traders! Currently, EURUSD is pausing its three-day losing streak, trading around 1.0417 during the Asian session on Monday. The pair's recovery is driven by a weaker US dollar, following the release of the January Personal Consumption Expenditures (PCE) inflation data on Friday, which aligned with forecasts and eased concerns over an unexpected inflation spike in the US. However, the upside remains challenging, as the downtrend channel is still intact, and there are no significant reversal signals from the EMA 34 and 89. If the resistance levels within the channel hold firmly under bearish pressure, the downward trajectory is expected to persist, potentially pushing EURUSD towards 1.0363 (gap-filling level) and even lower, towards the lower boundary of the trend channel, as indicated on the chart.
Short
by Trader_LinaScalping
Bullish Breakout Trade Setup for EUR/USDThis is a technical analysis chart for a currency pair (likely EUR/USD) from TradingView, showing a bullish trade setup. Analysis: Key Levels: Support: Around 1.04150 (marked as "sl" for stop loss). Resistance: Near 1.05267 (previous highs marked with red circles). Entry Zone: Just above 1.04150, suggesting a breakout. Trade Plan: Entry Point: Breakout above the previous resistance. Take Profit Targets: TP 1: First target around 1.04800. TP 2: Second target around 1.05000. Final TP: 1.05267 (previous high). Stop Loss (SL): Placed below 1.04150. Market Structure: The price is breaking above a consolidation/resistance area. Volume seems to increase, supporting the breakout. Previous highs at 1.05267 indicate strong resistance. Trading Bias: Bullish outlook, expecting a continuation upwards. Entry is aligned with a breakout strategy. Risk management is in place with a stop loss below support.
Long
by Akgoldtrader
EURUSD: Strong preference for selling strategy!Dear friends! EURUSD continues to sustain losses below 1.0500 during the early trading hours on Thursday. The pair is under pressure due to the recovery of the US dollar. Meanwhile, the Euro (EUR) weakens following former US President Donald Trump's threat to impose a 25% tariff on the European Union. This development has prevented EURUSD from making significant gains, keeping it limited below the 1.052 resistance level, marked by two recent peaks. In the short term, EURUSD remains well-supported by bulls around the key support zone of 1.0462. However, this upward move appears to be a temporary consolidation before a potential strong decline, as indicated by the unchanged EMA 34 and 89 levels and a shift in momentum towards a bearish trend. My primary strategy focuses on selling, aiming for further downside if the support level is broken and a new resistance is established. Wishing you successful trades and profitable opportunities!
Short
by Trader_LinaScalping
EUR/USD Ascending Triangle Signals a Bullish BreakoutEUR/USD is on the verge of triggering a bullish ascending triangle pattern as markets price in three Fed rate cuts this year due to tariffs hurting the U.S. economy. What levels should we monitor? Watch the video to find out and leave your comments below. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
Long
by ThinkMarkets
EURUSD is preparing for a breakout of 1.053A false breakout was formed in the area of 1.0400, where sellers' stop losses were collected. After that, the price rose sharply to the key resistance at 1.053. This level limits the market from further growth Support: 1.0400, 1.0475 (key retest zone) Resistance: 1.0530, 1.0629, 1.0682 Market Structure: On the lower timeframes (4H), the price has broken the previous highs, which confirms the upward momentum. Locally, a pullback to 1.0475 is possible before the growth continues. Accumulation range: We can see a consolidation phase between 1.0400 and 1.0475, after which the price impulsively went up. The next consolidation may occur around 1.0475-1.0530 before an upside breakout. Conclusion: Expecting a correction to 1.0475 where buyers may activate. Main scenario: Continued growth to 1.0530, then to 1.0629 and 1.0682.
Long
by AndeWave
1
Eurusd sell zoneThis is a EUR/USD (Euro/US Dollar) 1-hour timeframe technical analysis from FXCM, showing a sell trade setup with the following key details: 1. Entry Point: Around 1.05112, marked in yellow. 2. Stop Loss: Placed at 1.05690 (red zone), indicating the level where the trade will be exited if the price moves against the setup. 3. Target Level: 1.03978, shown in blue, representing the expected price drop and profit target. 4. Market Outlook: The analysis suggests a potential bearish move, with price expected to decline from the entry point, retrace slightly, and then drop further to hit the target. 5. Risk-Reward Ratio: The trade setup has a favorable risk-reward structure, with the potential reward being larger than the risk. This setup is based on the expectation that EUR/USD will reverse from resistance and move downward, making it a short (sell) trade opportunity.
Short
by MARK_STEVAN