Get started

Euro / U.S. Dollar

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

EURUSD trade ideas

Be an expert at losing..Trading is a complex venture that involves understanding financial instruments, charts, patterns, market conditions, risk management and other factors. Becoming a successful trader requires more than technical knowledge. You also need to develop the right mindset to navigate the psychological intricacies of trading. Human emotion, instinct, and behavior can profoundly impact your decision-making process. That’s why it’s important to understand trading psychology. ~ OGwavetrader
Education
by OGwavetrader
EURUSD Analysis: Potential Bearish Reversal AheadEURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline. If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend. For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.
Short
by Chipucu
Heading into pullback resistance?The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.0772 1st Support: 1.0684 1st Resistance: 1.0840 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURUSD Short term buy inside a Channel Up.EURUSD is trading inside a Channel Up. The price has falled by -0.55%, same amount as the October 25th-28th pull back. That was a short term buy opportunity that targeted the 0.786 Fibonacci. The MA200 (1h) is supporting just below. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08750 (Fibonacci 0.786 level). Tips: 1. The RSI (1h) is about to turn oversold. That has been the most effective buy signal on the last 3 lows (October 29th, 28th and 23rd). Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
Is The EURUSD Set For Possible Bullish Move? Is The EURUSD Set For Possible Bullish Move? Key Price Action Signals to Watch For.. 👀👉 EURUSD is displaying strong bearish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
by tradingwithanthony
Buy opportunityThe EURUSD pair presents an enticing Buy opportunity at the current price of 1.07400, with favorable potential for profit. Targets: Primary Target: 1.08394 Secondary Target: 1.09942 Breakout Scenario: 1.09524 In the event of a breach above the Support level of 1.06825, indicative of a bearish breakout, the target price is anticipated to ascend towards 1.06000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed Buy strategy, suggesting upward pressure on the EURUSD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Long
by GODOCM
EURUSD: short reversal ahead?The Existing Home Sales in the US dropped further in September by -0,1%, but it was still a lower drop from market forecast of -1,6%. At the same time, Building permits for September were standing at -3,1% for the month, while new home sales increased by 4,1% in September. Durable Goods Orders were lower by -0,8% in September for the month, a bit higher from market forecast of -0,5%. Michigan Consumer Sentiment final for October was standing at the level of 70.5, modestly above market expectation of 68,9. At the same time, 5 years inflation expectations dropped to the level of 3,0%, from 3,1% posted previously. The PPI index dropped by -0,5% in Germany in September, leading to a yearly drop of -1,4%. Figures were higher from market forecast of -0,8%. The HCOB Manufacturing PMI in Germany, flash for October reached the level of 42,6, and was a bit higher from market consensus of 40,6. The services sector continues to hold within a positive territory, with HCOB Services PMI flash reaching 51,5 for October. At the same time, the HCOB Composite PMI flash for October in the Euro Zone was standing at 49,7, although the market was expecting to see the level of 50,1. The Ifo Business Climate in Germany in October reached the level of 86,5 a bit higher from market consensus of 85,5. The Euro Zone economy continues to struggle with growth, after the ECB managed to put inflation under control. Comments made by President Lagarde indicate that the ECB is in a sort of hurry to put interest rates at the neutral zone. This means further rate cuts till the end of this year. Markets reacted to such a sentiment, by pushing Euro to the lower grounds. During the previous week the eurusd pair was testing the 1,08 support line, with lowest weekly level reached at 1,076. The currency pair rebound after, toward the highest weekly level at 1,083, however it is ending the week around the 1,08 level. The RSI reached the clear oversold market side, which indicates higher potential for a short term reversal. The moving average of 50 days started clear convergence toward the MA200, indicating a potential for a cross in the coming period. The week ahead brings data for Non-farm payrolls and PCE Index which might bring a higher volatility to the market. The support line at 1,08 has been tested during the previous week, and it will be also a starting point for the week ahead. Considering that RSI is currently moving in the oversold territory, increasing the potential for a short reversal. In this sense, the level of 1,09 might be an easy target for the week ahead. Higher grounds are currently not indicated on charts. On the opposite side, charts are modestly revealing the 1,07 level, however, this might be a target for the longer-term period, and not for the week ahead. Important news to watch during the week ahead are: EUR: GfK consumer Confidence in Germany in November, Unemployment rate in Germany and the Eurozone in October, Q3 flash GDP Growth Rate in Germany and the Euro Zone, Inflation Rate in Germany and the Euro Zone preliminary for October, USD: JOLTs Job Openings, CB Consumer Confidence, Q3 GDP Growth Rate, PCE Index for September, Personal Income and Spending for September, Initial Jobless Claims, Non-Farm Payrolls in October, Unemployment Rate in October, ISM Manufacturing PMI for October.
by XBTFX
EUR/USD: PAT + VPA 10/21/2024Good morning, I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks. Several indicators have pointed to this: 1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high.. 2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair. 3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200. Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024. TVC:DXY OANDA:EURUSD XETR:DAX
Long
by ThePipAssassin
16
EURUSD: Short term analysis for 07/11/2024 This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 1-hour The 1-hour EURUSD chart exhibits bearish trend, with the volume decreasing and the price moving below 200 SMA. 45 min chart exhibits bearish a divergence indicating a potential reversal. Key Levels: Order Block (Lower Target): 1.064-1.053 Resistance: 1.081-1.084.00 Immediate Support: 1.068.00 Trading Bias: It may test upper resistance at 1.084 and get rejected. A breach of lower trend channel may trigger a corrective decline to 105.00 and potentially reach the Lower Target (Order Block) at 1.064-1.058
by avatarfreak