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EURUSD trade ideas

The interesting thing about the Euro | FX ResearchWe'd like to take a moment to focus on the technical picture for the euro right now. If we use EUR/USD as a proxy for direction in the FX market, the longer-term euro chart could provide valuable insights. In recent weeks, the euro has come under intense pressure, with the single currency sinking to a fresh 2024 low and gravitating back towards the 2023 low around 1.0450. Naturally, sentiment toward the euro has been rather bearish, with many expecting the slide to continue. Interestingly, when looking at the monthly chart, we haven’t really gone anywhere at all. In fact, there’s a strong case to be made for the next big move to favor the upside. The monthly chart shows the euro established a critical low below parity in 2022. It then staged an aggressive bounce in late 2022 and into 2023 before entering what has been a multi-month period of consolidation. This consolidation has been roughly defined between 1.13 and 1.04. Now that we’re trading back down to the lower end of this range, the more compelling argument could be to consider a balance of risk pointing to the upside. It will be important to monitor how the market responds to the 2023 low. As long as the euro holds above 1.0450 on a monthly close basis, we remain in a consolidation phase, suggesting a bounce is likely until proven otherwise. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
30-mins EUR/USD: Down Trend Extends The EUR/USD currency pair has exhibited a sustained downtrend, further confirmed by a bearish technical pattern: the Death Cross. This occurs when the 20 MA crosses below the 60 MA, signaling a strong sell indication and a continuation of bearish momentum. Recently, EUR/USD attempted a pullback, briefly retracing higher. However, this recovery stalled at the 50% Fibonacci retracement level, a key resistance point, where selling pressure resumed. Failing to break above this level reaffirmed the dominance of the downtrend, leading the price to continue its slide. Looking ahead, the bearish momentum suggests that the downtrend may extend further, with a key support level looming at 1.0510. A break below this critical threshold could open the door for additional declines, potentially accelerating the bearish move. Traders monitoring this pair may view any attempts to rally as opportunities to enter short positions, aligning with the prevailing downward trajectory confirmed by the Death Cross and other technical signals.
Short
by Trendsharks
EURUSD Expected Growth! BUY! My dear subscribers, My technical analysis for EURUSD is below: The price is coiling around a solid key level - 1.0522 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0656 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD - 4hrs ( Buy Trade Target Range 250 PIP ) 🟢 Pair Name :EUR/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Reversal 1.06100 Reasons - Major Turn level / D - Visible range lvn - Reversal Zone - Inner Choch - Quarter low Area - Fibo Golden - Counter Trend line Bullish Reversal 1.08600 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range Hvn - Pattern upper Band - Choch Zone
Long
by GoldenEngine
2
EURUSD sell positions Yesterday, EURUSD managed to break below 1,0500 and reached the next support level at 1,0463. This confirmed our expectations from the start of the week for a continuation of the downtrend. This is an important support level, and the price is currently holding there. All active sell positions can have their stop losses adjusted, with focus on monitoring for further bearish continuation. Keep an eye on the reaction around levels below 1,0450. The current levels are not suitable for new sell positions.
by ForexTrendline
My Thoughts...My Thoughts If I would buy... I would be looking for the pair to confirm in this manner. The pair could start by taking out the Current LH, that would be confirmation of a change of structure, And I would buy until such levels. Again this is just a thought. By the look of things the pair is still currently in a bearish trend. Wait for a pull back and confirmation of the trade... ( the continuation of the current trend ) Use proper risk management Let do the most!
by Ramokaelo
EURUSD. Short. November week 4, 2024Will the price break through the D trend confirming line??!!. Which is the confirmation line that will break the Up trend from the October of 2022? The price is currently being held down at the WR (weekly resistance) + the previous low of 4 hours. If weekly down trend continues to break below fromThis Level..., will the actual body of the candle on a weekly basis be stay below the D trend confirming line? It seems that the accumulation (correction period) is too short and it may be bounced off that line. As you can see from the monthly chart, this is a zone where prices have renounced back many times in the past. For that is in consider to take position, I would like to see the price will correct to the upper WR line , I think it would be an easier place to trade, as there are SR, Fib, daily MA, and downtrend line, longer correction period, that provide support for short entries. I am posting this for my own records and to share trade ideas with fellow traders. It will be easier to understand if you link it to the long-term analysis post. Best.
Short
by Nana-73