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EURUSD trade ideas

#EURUSD 1HEURUSD 1-Hour Analysis The EURUSD pair has broken out of a downtrend channel resistance on the 1-hour chart, signaling a potential shift in momentum to the upside. This breakout indicates bullish strength and presents an opportunity for buying as the price may continue to rise toward higher resistance levels. Technical Outlook: Pattern: Downtrend Channel Resistance Breakout Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position after confirming the breakout with bullish price action signals, such as a retest of the broken resistance line acting as support or the formation of higher highs and higher lows. Traders should monitor indicators like RSI for overbought conditions or MACD for confirmation of bullish momentum. Employ proper risk management with stop-loss orders placed below the breakout or retest level, and set profit targets at key resistance zones above.
Long
by PIPSFIGHTER
EUR/USD Shorts from 1.05600 back downThis week, my analysis for EUR/USD aligns closely with GBP/USD, as both pairs have exhibited bearish momentum. However, there are subtle differences in price action as we approach the final month of the year. A key focus is the 4-hour supply zone around 1.05600, which initiated a break of structure to the downside. Once price reaches this area, I’ll look for redistribution on the lower timeframes to confirm a potential sell. If the price moves higher, the 2-hour supply zone just above offers an even better opportunity for shorts. Confluences for EUR/USD Sells: - Liquidity Below: Significant downside liquidity remains untapped. - Bearish Momentum: The pair has been bearish for the past two weeks. - Break of Structure: Key levels have broken to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) supports this bearish setup. - Key Supply Zone: The 4-hour supply zone caused the initial bearish move. Note: If price mitigates the 5-hour demand zone, I may consider a counter-trend buy to take price back up toward the supply zone. However, if this demand zone fails, it will trigger another break of structure (BOS), prompting me to identify a new supply zone for potential shorts. Stay disciplined and have a strong trading week—let’s close Q4 on a high note!
Short
by Hassan_fx
EURUSD Downtrend Holds Steady: Time to Go ShortEURUSD experienced a sharp decline earlier today, following the release of key economic data that spurred renewed bearish momentum. The market reaction was swift, with sellers overwhelming buyers and driving the price lower. After this initial move, the pair is now staging a pullback, attempting to recover some ground as it approaches a critical resistance zone. This retracement presents a significant technical setup that could dictate the pair’s next major move. The current pullback is bringing the price closer to the resistance zone around 1.04300, a level that has proven pivotal in the past. Historical price action highlights this area as a confluence zone, marked by prior reversals and intensified trading activity. As the price approaches this region, signs of exhaustion are becoming increasingly evident. On closer examination of the candlestick patterns, rejection candles—characterized by long upper wicks and small bodies—are forming near this resistance level. These candles suggest that buyers are struggling to push the price higher, while sellers are beginning to regain control. A deeper look at the 1-hour chart reveals a clear ABCD pullback pattern, a widely recognized harmonic structure in technical analysis. This pattern indicates a measured retracement within a broader downtrend, providing traders with potential entry points for the continuation of the trend. In this case, the "AB" leg represents the initial bearish impulse, the "BC" leg corresponds to the current corrective move, and the anticipated "CD" leg signals the likely continuation of the downward movement. If the pattern completes as expected, the price is likely to reverse from the resistance zone near 1.04300 and resume its descent. The broader market sentiment further supports a bearish outlook. Macroeconomic conditions, combined with the technical dynamics of the pair, point to continued selling pressure. The recent news release acted as a catalyst, intensifying the downward momentum, and this sentiment is unlikely to change unless there is a significant shift in market fundamentals. Additionally, the lack of follow-through by buyers in the pullback phase underscores the strength of the prevailing bearish trend. From a technical perspective, the resistance zone around 1.04300 holds immense importance. Not only does it align with the upper boundary of the ABCD pattern, but it also coincides with a key Fibonacci retracement level and a psychological price barrier. These overlapping factors create a strong confluence area, increasing the likelihood of a reversal. If the price fails to break above this zone, the bearish momentum is expected to accelerate, targeting the next significant support zone around 1.03260. The support zone at 1.03260 represents a critical area where buyers may reenter the market. This level has acted as a demand zone in the past, providing temporary relief from selling pressure. However, given the strength of the current bearish trend, a test of this level seems increasingly likely. Traders should watch for additional confirmation signals, such as bearish candlestick formations or increased selling volume, as the price approaches the resistance zone. It’s also worth considering potential invalidation levels. Should the price manage to break and sustain above the 1.04300 resistance, the bearish scenario would need to be reassessed. Such a move could indicate a shift in market dynamics, opening the door for a potential bullish reversal. However, until that happens, the dominant trend remains bearish. In conclusion, EURUSD continues to exhibit strong bearish momentum, with the current pullback offering an opportunity to position for the continuation of the downtrend. As the pair approaches the 1.04300 resistance zone, the technical and fundamental landscape suggests that the bearish trend is likely to resume. My primary target remains the support zone at 1.03260, which aligns with prior swing lows and key technical levels. Traders should remain cautious and monitor key levels closely, ensuring that their risk management strategies are firmly in place.
Short
by lonelyPlayer0
EUR/USD Under Bearish Pressure: A Market Analysis [Update]As anticipated in our previous analyses, the EUR/USD currency pair experienced significant downward pressure during the late American trading session on Wednesday, hitting its lowest point in almost a month, below 1.0350. Currently, while I am drafting this article, the pair has seen a minor rebound and is trading around 1.0410; however, the technical indicators still suggest a bearish outlook. The price is nearing a critical area where it may continue to decline. Our analysis reveals an imbalance on the Daily timeframe that could signal a further downturn. For more detailed insights, please refer to the link provided below. Following the last Federal Reserve policy meeting of the year, the central bank announced a reduction in its policy rate by 25 basis points, aligning with market expectations, bringing it to a range between 4.25% and 4.5%. In their accompanying statement, the Fed emphasized that they would take into account incoming data, the evolving economic landscape, and the balance of risks when evaluating future rate adjustments. In the aftermath of the Fed's decision, the US Dollar (USD) gained substantial strength, leading to a sharp decline in the EUR/USD pair. Moving forward, our outlook suggests the potential for a new bearish correction in the market as we navigate these developments. Previous close position SHORT ✅ 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.
Short
by FOREXN1
1
EUR/USD → Consolidates Ahead of Key Fed Interest Rate DecisionHello everyone, Ben here! EUR/USD saw a sluggish upward movement on Monday, drifting towards the upper bounds of its short-term consolidation range just north of 1.0500, though lacking any significant conviction. With relatively limited European data this week, Fiber traders are bracing for a heavy U.S. data docket. In the short term, the trend remains neutral, but prices are consolidating near a critical support level that has held firm for two years. Aggressive rate cuts in Europe are putting pressure on the pair, with expectations set for December 17th-18th. The Fed is widely anticipated to cut the benchmark interest rate by 25 basis points (bps). However, any hawkish signals from the Fed aimed at taming inflation would increase the downside potential for EUR/USD. Support levels: 1.045, 1.033 Resistance levels: 1.060, 1.065 From an interest rate perspective, within the context of a broader downtrend, price has yet to reach the key liquidity zone. Ahead of the news, I anticipate that the price will climb towards 1.060. However, based on both technical and fundamental outlooks, bearish momentum is expected to resume, and a break below the 1.045 support level will solidify the downward trend. Best regards, Bentradegold!
Short
by Bentradegold
EUR/USD 30-Minute Chart AnalysisEUR/USD 30-Minute Chart Analysis The EUR/USD pair is currently trading within a well-defined upward channel, showing bullish momentum. It recently moved from the support level around 1.0330 to test resistance at approximately 1.0457, with the current price around 1.0429. Key levels to watch include: Resistance: Immediate resistance at 1.0457 and potential higher resistance near 1.0475. Support: Initial support at approximately 1.0384 and stronger support near the previous low at 1.0330. Traders should watch for potential reversal signals from RSI and MACD, as well as volume trends that can confirm market sentiment. Overall, the pair presents opportunities for both long and short positions depending on price action dynamics. Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
by David_Josh_Trader
According to this pattern, EUR/USD's next target is 1.0181A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the head and the neckline, which is 280 pips. When subtracted from the right shoulder low, this suggests the price could drop to $1.0181. For the pattern to remain valid, the price must stay below the right shoulder low at $1.0462. As long as it trades below this level, the bearish target remains intact. This aligns with recent developments at the Fed, which surprised the market by signaling just two rate cuts in 2025 while anticipating higher inflation. Trump's potential policies, including trade wars and tax cuts, are likely to fuel inflation. Meanwhile, Europe faces additional challenges, with continued rate cuts and expected economic strain from trade wars likely to worsen its economic troubles. 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.
Short
by ThinkMarkets
EUR/USD 4HThe euro is trading around 1.0496, below 2/8 Murray, below 21 SMA, and within a downtrend channel forming since November 26th. The euro is under selling pressure. Therefore, EUR/USD is likely to continue its fall in the next few hours. The euro has been consolidating since the beginning of November above the psychological level and below 1.0620. This consolidation will continue in the next few days and we could look for opportunities to buy above 1.0526 (21SMA) and sell below 1.0620 (3/8 Murray). In case the euro consolidates below 1.0496, the outlook could be negative and we expect EUR/USD to reach the 1/8 Murray located at 1.0376. This could be a key point and we could expect a technical bounce to occur around this area. Since November 16, the 200 EMA indicator has been giving a positive signal. So, we believe that above the psychological level of 1.0500, the outlook could be positive for the euro. Hence, we expect EUR/USD to reach the 200 EMA around 1.0805. happy Trading!
by CEO-PREMIUM-ANALYSIS
EURUSD Massive Long! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0502 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0548 Recommended Stop Loss - 1.0476 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
Long
by AnabelSignals
1
Germany snap election risks EUR/USD Germany, Europe’s largest economy, is now under a caretaker government. Chancellor Olaf Scholz lost a confidence vote in the Bundestag on Monday, paving the way for a snap election in February. Key issues in the upcoming campaign are expected to include the war in Ukraine, the financial demands of strengthening Germany’s military, a struggling economy, immigration, and the growing influence of political extremes. Amongst this turmoil, technical indicators possibly lack sufficient strength for a bullish confirmation. A break below 1.0460, a key support level, could open the door to a bearish move toward 1.0400.
by BlackBull_Markets