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Euro / U.S. Dollar

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EURUSD trade ideas

Buy on EUR/USDThe significant bearish trend on EUR/USD has been broken, and there is a strong potential for a bullish trend to emerge in the coming months. This is not necessarily an expectation of Euro strength but rather a forecast of Dollar weakness. Consequently, any pair trading against the Dollar, such as EUR/USD, GBP/USD, NZD/USD, and AUD/USD, is likely to rise.** Over the past 116 days, the DXY has strengthened, likely due to expectations of a Trump victory in the elections. Now that Trump has won, we can anticipate Dollar weakening as this outcome has already been "priced in." Additionally, if Trump intends to increase U.S. exports, as he has clearly stated, a weaker Dollar would be necessary to make U.S. goods more competitively priced for the rest of the world.** This is not just technical analysis using trendlines, but rather the result of six to seven confirmations that I rely on for long-term price forecasting. These methods are too valuable to share for free here, but they strongly support the probability of this scenario.** Both technically and fundamentally, this setup points to an upward movement with high probability. Do you agree or disagree? Share your reasoning in the comments.**
Long
by Im_the_Real_Maras
EUR/USD Bulls Clear January Opening-Range- Fed/ECB on TapEuro broke through resistance a the January opening-range highs last week at 1.0405/48 (now support). Possible upslope in play here but too early to rely on. For now, focus is higher while above the objective yearly open at 1.0354 . Next major resistance zone eyed at the 2023 low-week close (LWC) / April low at 1.0587-1.0602 - look for a larger reaction there IF reached with a close above needed to suggest a more significant low was registered this month / a larger reversal is underway towards 1.0777/82 . FED / ECB interest rate decisions are on tap this week with U.S. 4Q GDP slated for Friday. Watch the weekly close here for guidance. Covered this setup in depth in this week's Technical Outlook Webinar. -MB
by FOREXcom
EURUSD Potential Yearly Swing (Bearish Momentum) Here’s my outlook for EURUSD in the following few months: We are likely to see some bullish movement toward the Bearish Order Block between 1.13000-1.13500, which aligns with the top of a descending channel from 2003. However, given the ongoing economic challenges in Europe, I anticipate a bearish trend for the euro over the next year, resembling the pattern we saw during 2021-2022. The euro is showing multiple signs of weakness, so let’s remain patient and focus on capitalizing on smaller trades. For those aiming to catch the longer-term swing trade that could extend for years, patience is key, it's approaching soon.
Short
by RobertTMFX
7
EURUSD Bearish outlookThe EUR/USD pair is exhibiting a bearish trend due to several converging factors: Divergent Monetary Policies: The U.S. Federal Reserve's hawkish stance contrasts with the European Central Bank's (ECB) inclination towards monetary easing. The ECB has signaled potential interest rate cuts to stimulate the eurozone economy, which could weaken the euro. Economic Growth Disparities: The U.S. economy demonstrates resilience with robust labor market data, while the eurozone faces stagnation and political uncertainties, notably in Germany and France. This economic divergence bolsters the U.S. dollar against the euro. Trade Policy Concerns: The prospect of increased U.S. tariffs under President Donald Trump poses a threat to the eurozone's export-driven economy. Such trade tensions could further depress the euro's value relative to the dollar. These elements collectively suggest a continued bearish outlook for EUR/USD in the near term.
Long
by ChampionsFx
EURUSDThis chart depicts an analysis of the EUR/USD currency pair on the hourly timeframe. Here's a breakdown of the key elements of the analysis: 1. Ascending Channel - The price action is confined within a clearly defined upward-sloping channel, represented by two parallel blue trendlines. - The lower trendline acts as support, while the upper trendline acts as resistance. 2. Current Price Movement - The price is trading near the middle of the channel at 1.04134. The trend suggests a bullish bias since the price is gradually moving upward. 3. Key Levels - Resistance is near the upper trendline, with the recent high marked around 1.04574. This level could act as a target for further bullish momentum. - Support lies at the lower trendline, which has held the price in previous downward moves. 4. Arrow Indication - The upward arrow suggests that the analyst anticipates the price will rise towards the upper boundary of the channel. - This could signify a continuation of the bullish trend. 5. Potential Strategy - Traders might look for buying opportunities if the price maintains support near the lower trendline or breaks above the recent high of 1.04574. - Conversely, a breakout below the channel's lower boundary might indicate a bearish reversal.
Long
by Dee9549
EURUSD 12M levelsHi, "Happy new year", trying to give here my 12M levels for the EURUSD, pair opened below the resistance zone trying to take the support at the 1st 12M level , if not held, lower levels will come into act here i'm also using the 12M inside bar levels for guidance , pair opened below the mid of the IB candle, if hold the 12M support will try to test the mid of it in monthly time frame, pair opened below the monthly bollinger band , prie is still within a monthly inside bar if it will break the IB low ,we have the inside break down zone levels , but there is another monthly inside bar below it could try to act as a support , in 12M, monthly and weekly it's still in a LL pattern, got the support of weekly lower bb this week, pl find the graphics of the monthly and weekly chart below, also will post the day patterns and monthly and weekly levels in coming graphics also positing my 2023 idea for reference thanks
by omvats1
2