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EURUSD trade ideas

Hellena | EUR/USD (4H): Short to support area at 1.06749.Colleagues, the US presidential election has made some adjustments to the wave markup and I now believe price is in a contested position. I think that the downward movement will continue and the price will update the lows, but for now I expect the price to reach the support area at 1.06749. If the price updates this level - I will consider that the price is in a complex correction and I will look for a long position entry, but for now I prefer short positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Short
by Hellena_Trade
1
Is a Trend Reversal Coming?OANDA:EURUSD Multi-Timeframe Analysis Current Price: 1.07962 Potential for a Bullish Reversal: EUR/USD is showing strong signs of a possible bullish reversal across multiple timeframes, marked by key technical indicators: • Breakout of Descending Channel Upper Trendline • Weekly Major Support Zone • Potential Double Bottom Formation • Emerging Bullish Divergence Descending Channel Breakout: The price has broken above the descending channel’s upper trendline (highlighted in the red circle on the chart), turning this line into a weaker resistance zone. Weekly Major Support Zone: We anticipate that price may retest the major weekly support level at 1.07421. This zone could serve as a solid foundation for a double bottom formation, combined with a bullish divergence. If this occurs, it could present an optimal entry point for buyers. Top of Trading Range: Should price rally, the next significant resistance lies at the top of the trading range, around 1.08635. Given the strength of this resistance, we might see a pullback at this level before further movement upward. Price Target: Based on technical indicators and chart patterns, the final target stands around the psychological level of 1.10000. Key Levels to Watch: • Support: 1.07421 • Resistance: 1.08635 • Target: 1.10000 Stay tuned and happy trading!
Long
by SpicyPips
Don't trade emotionallyAt the moment, all instruments are showing significant movements. This often leads to rushed and emotional decisions. If you've decided not to trade during news events, wait for things to settle down and then look for the right opportunity. If you do choose to trade at these times, strictly follow your risk management rules. Today, there may be many surprises and misleading movements. Don’t try to achieve everything in a single day; focus on long-term success!
by ForexTrendline
EURUSD Daily Pivot Points Analysis📣EURUSD Daily Pivot Points Analysis Daily R3 - 1.0944 Daily R2 - 1.0916 Daily R1 - 1.0900 Daily Pivot Point - 1.0872 Daily S1 - 1.0856 Daily S2 - 1.0828 Daily S3 - 1.0812 Today we have NFP data which makes this analysis a bit difficult as long as the market will speculate about the US Election and NFP data and the FED rate cut. However the support and resistance zones can be used for pullback trading. Scenario_1 - if EURUSD moves up it may rise up to Daily R3 - 1.0944 and from that zone it can move down to Daily R2 - 1.0916; Daily R1 - 1.0900 and Daily Pivot Point - 1.0872 Scenario_2 - if EURUSD moves down it may test Daily S3 - 1.0812, from the aggressive volume and from that zone it may rise Daily S2 - 1.0828; Daily S1 - 1.0856 and Daily Pivot Point - 1.0872 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
3
How to avoid being emotional in trading?Avoiding emotional trading is a key skill in successful investing and trading, as it helps minimize impulsive decisions that can lead to losses. Here are some strategies and insights to help maintain a disciplined approach to trading and avoid being swayed by emotions like fear, greed, or overconfidence: 🔸 Create and Stick to a Trading Plan ▪️Set Clear Goals: Define your profit goals, risk tolerance, and entry/exit points in advance. ▪️Follow Predefined Rules: A trading plan provides structure, guiding you to make logical decisions rather than impulsive ones. ▪️Limit Exposure: Decide on position sizes beforehand to avoid overcommitting and feeling compelled to make irrational moves if markets turn volatile. 🔸 Use Stop-Loss and Take-Profit Orders ▪️Automate Exit Points: Setting up stop-loss and take-profit orders allows you to exit trades at predefined points, limiting the need to make quick, emotion-driven decisions during market fluctuations. ▪️Reduce Monitoring: Knowing your trades will automatically exit at specific points reduces the need for constant checking, which can often lead to stress and emotional reactivity. 🔸 Practice Patience and Avoid Overtrading ▪️Avoid Excessive Monitoring: Watching the market closely can lead to impulsive reactions to small fluctuations. Stick to reviewing your trades periodically rather than minute-by-minute. ▪️Limit Trade Frequency: Overtrading, driven by the need to “make back” losses or maximize gains, often leads to poorly thought-out decisions. Trade only when your trading plan calls for it. 🔸 Develop a Balanced Mindset ▪️Stay Neutral to Wins and Losses: Emotional attachment to individual trades can make it harder to accept losses and lead to revenge trading, where you try to make up losses through risky moves. ▪️Accept Losses as Part of the Process: Even the best traders face losses. Accepting this and moving on helps maintain perspective and discipline, which are essential for long-term success. 🔸 Utilize Data and Analysis Over Intuition ▪️Focus on Objective Indicators: Base decisions on data, such as price charts, moving averages, and technical indicators, rather than “gut feelings.” ▪️Avoid Confirmation Bias: Seeking only information that supports your existing beliefs can lead to one-sided and often poor decisions. Stay open to all relevant information. 🔸 Take Breaks and Manage Stress ▪️Step Away After a Major Loss or Win: Strong emotional responses often follow big losses or gains. Taking a break gives you time to reset your mindset before your next trade. ▪️Practice Relaxation Techniques: Techniques like deep breathing, meditation, or even short exercises can reduce stress and improve focus, reducing emotional reactions. 🔸 Build Self-Awareness ▪️Reflect on Your Emotions: Keeping a trading journal can help you understand emotional triggers and patterns in your decision-making. ▪️Work with a Trading Coach or Join a Community: Having accountability, whether through a mentor or a trading group, can help you stay grounded and receive objective feedback on your trading behavior. 🔸 Set Realistic Expectations ▪️Don’t Chase Unrealistic Returns: Expecting massive returns can lead to risky, emotion-fueled decisions. Focus on sustainable, gradual growth. ▪️Acknowledge Market Unpredictability: Markets are often unpredictable, and not every trade will go as planned. Accepting this helps lower emotional stakes with each trade. 🔸 Consider Using Algorithmic or Automated Trading ▪️Remove Emotion from Execution: Algorithmic trading allows traders to set parameters and let algorithms execute trades, effectively reducing emotional interference. ▪️Define Rules for Entry and Exit: Predefined rules, when followed strictly by algorithms, allow for a structured and emotion-free approach to trading. Adopting these practices helps build discipline, patience, and resilience, which are essential for minimizing the negative impact of emotional trading on your overall financial success.
Education
by ProjectSyndicate
25
Bearish on the EUR, if it falls below 1.075, it may fall to 1.07In the early European session, the euro had difficulty gaining a foothold against the US dollar, and the trading price fell below 1.0800 again. The US dollar once performed well due to Trump's victory. However, as investors took profits before the Fed announced its interest rate decision, the upward momentum of the US dollar weakened. As expected by the market, the Fed cut interest rates by 25 basis points to a range of 4.5%-4.75%. At the press conference after the meeting, Powell did not hint whether there would be further easing in December, and emphasized that the results of the presidential election would not have an impact on monetary policy in the short term. The market reacted relatively mildly to the Fed. According to data from the Fed Observation Tool of CME, the market expects that the probability of another 25 basis point rate cut in December remains basically around 70%. Earlier on Friday (November 8), cautious market sentiment helped the US dollar hold its ground and the euro continued its rebound. At the same time, US stock index futures are currently consolidating. If the market continues to remain cautious after the opening of Wall Street, the US dollar may maintain bullish momentum, thereby limiting the upside of the euro. Technically, the RSI indicator on the 4-hour chart of EUR/USD remains below 50, which indicates that the downtrend remains after the correction on Thursday (November 7). 1.0750 is a static support level, followed by 1.0700 and 1.0680. Looking up, the initial resistance is at 1.0800, followed by 1.0870 (200-day moving average).
Short
by xrrsxrrs
EURUSD Analysis: Reversal Signs From Rising ChannelOn the 1-hour chart of EURUSD, the price is trading within an ascending channel, with clear resistance and support levels formed by trend lines. Currently, the pair is hovering around the $1.0890 area, close to the upper resistance line of the channel. The continuous increase has pushed EURUSD close to this resistance level, however, there is a high probability of a correction when the price approaches the upper zone of the channel. Prediction Scenario: If EURUSD encounters strong selling pressure at the upper resistance level, the price may correct to the support area around $1.0800. What do you think about this scenario?
Short
by AmbaniFX
EURUSD / TRADING UNDER UPWARD PRESSURE / 4HEURUSD / 4H TIME FRAME HELLO TRADERS Current Movement to Supply Zone (1.092 - 1.095): • Prices are attempting to reach a supply zone between 1.092 and 1.095. This level acts as potential resistance where sellers may enter, potentially halting further upward movement. Potential Decline to Demand Zone (1.085 - 1.083): • If prices face resistance near 1.092 - 1.095, they might pull back to the demand zone between 1.085 and 1.083. This demand zone represents a level of support where buyers might enter, stabilizing prices. Outlook if Prices Stabilize Above 1.085 - 1.083: • Stabilization above this demand zone suggests an opportunity for prices to increase. The next target is another supply zone between 1.101 and 1.104, which could act as a new resistance level. Risk of a Decline if Demand Zone is Broken: • If prices break below the demand zone (1.085 - 1.083), it signals potential for further decline to a lower demand zone (1.079 - 1.076). A break below 1.076 would likely confirm a downtrend. Trend Confirmation Based on Zone Breaks: • Breaking the supply zone (1.092 - 1.095) would signal an uptrend, while a break below the demand zone (1.079 - 1.076) would confirm a downtrend.
Long
by ArinaKarayi
The Euro is slightly declining, and a reversal is possible.Hello everyone, Today, the EUR/USD exchange rate is trading around 1.08336 USD for each 1 EUR, showing a slight decrease compared to the previous session. This decline is primarily driven by a strong recovery of the USD, supported by positive economic data from the U.S., indicating that the economy is stabilizing. The increase in U.S. government bond yields also contributes to the dollar's attractiveness, putting pressure on the Euro. Although the exchange rate is currently declining, there is a possibility of a reversal. If U.S. economic data does not remain positive or if the ECB takes strong actions to support the Euro, this could push the EUR/USD rate higher. Additionally, geopolitical factors and uncertainties in policy could create higher demand for the Euro.
by Ademha
eurusd wants to fill the Gap or not yet? Claro, aquí tienes la traducción al inglés: I see that the price has reached a significant weekly resistance and has left a bullish gap that should be filled. This leads me to think that there might be a manipulation of the Asian session highs before the price finds the momentum needed to move down and fill the gap. Overall, I find it more likely that these Asian highs won’t be manipulated. Additionally, I believe the EUR/USD could be looking for one last low before truly shifting its structure. However, the most notable confluence at the moment is the gap that still needs to be filled.
Short
by ag1904997