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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EUR/USD Market Dynamics: Analyzing Recent Price MovementsFollowing our previous analysis, we anticipated the market's response to last week's robust U.S. economic indicators, particularly regarding the USD's strength against the EUR. After experiencing a notable bearish trend, the euro managed to recoup some losses, specifically retesting our pending order at 1.04380. As I write this article on December 23, 2024, the currency pair trades around 1.04130, providing a rejection of our entry point. On Monday, the U.S. Dollar (USD) stabilized after a significant drop on Friday. This sell-off was prompted by weaker-than-expected growth in the U.S. Personal Consumption Expenditure Price Index (PCE). Specifically, the core PCE—a key inflation metric favored by the Federal Reserve—rose by 2.8%, falling short of the projected 2.9%. On a month-to-month basis, both headline and core PCE inflation inched up by only 0.1%, leading to speculation about the Federal Reserve's trajectory concerning interest rate adjustments in 2025. Federal Reserve officials are beginning to signal expectations of fewer rate cuts in the coming year, as the disinflation process appears to be slowing and uncertainties loom over how President-elect Donald Trump’s upcoming immigration, trade, and taxation policies could affect the economy. Given the current outlook, we are anticipating a continuation of bearish trends in the market. Previous Idea: ✅ 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 Harmonic BD Trade SetupEUR/USD Harmonic BD Trade Setup Pattern: Harmonic Pattern Timeframe: 4-Hour Chart (H4) Entry Levels: Bullish Scenario: Above 1.05214 for a potential upward breakout. Bearish Scenario: Below 1.03670 for a potential downward breakout. Target Levels: Bullish Target: 1.06300 (first target) and beyond based on further price action. Bearish Target: 1.03069 (first target) and below based on further price action. Key Zones: PRZ (Potential Reversal Zone): Highlighted by the purple lines, indicating areas where the price might reverse or continue strongly in the given direction. Description: This harmonic BD pattern highlights a critical decision zone for EUR/USD. Traders should watch for a breakout or reversal near the identified PRZ levels. The green arrow suggests a bullish breakout possibility, while the red arrow indicates a bearish continuation. Risk Management: For long positions: Place stop-loss below 1.05100. For short positions: Place stop-loss above 1.03700.
Short
by maniraja5599
EUR/USD will drop today H1 (Timeframe)The EUR/USD pair is currently exhibiting a strong bearish trend, characterized by a consistent decline in price. The downward momentum is expected to continue, with the pair targeting its first support level at 1.03879. Current Price: 1.04271 First Target: 1.03879 Second Target: 1.03670 A break below the first target at 1.03879 could lead to further losses, with the pair potentially reaching its second target at 1.03670. This level represents a critical support zone, and a breach of this level could result in an accelerated decline. Traders should continue to monitor the pair's movement, adjusting their strategies as necessary to capitalize on potential trading opportunities. Please manage your money management 🙏 Please support my work by like / boost and comment your thoughts in comment section Best Wishes Tom 😎
Short
by Tom_Trades_670
Euro softens as Russia rejects Ukraine peaceThe EUR/USD pair has slipped below 1.0400, reflecting a bearish outlook as recent macroeconomic and geopolitical developments weigh on the euro. The European Central Bank (ECB) has implemented a series of rate cuts, with more expected in 2025, contrasting sharply with the US Federal Reserve's decision to reduce its rate cut projections, thereby strengthening the dollar. The euro's challenges are compounded by geopolitical uncertainties, particularly Russia's rejection of Donald Trump's Ukraine peace plan, which has heightened tensions in European financial markets due to the EU's involvement in proposed peacekeeping efforts. Additionally, the potential expiration of the Russia-Ukraine gas transit deal could lead to increased energy costs and inflationary pressures in the Eurozone, challenging the ECB's monetary policy efforts and potentially leading to increased euro volatility. Traders should watch for any ECB strategies to manage these inflationary and trade impacts, which could stabilize the euro amidst these challenges.
by tastyfx
ECB decision this Thursday?EUR/USD gains to near 1.059 in Monday’s North American session, with investors focusing on the European Central Bank (ECB) monetary policy decision on Thursday. Markets are almost fully pricing in that the ECB will cut its Deposit Facility Rate by 25 basis points (bps) to 3% as many officials have shown concerns over risks of inflation undershooting the bank’s target due to the weak economic outlook. The ECB has already reduced the deposit rate by 75 bps this year and Thursday’s rate-cut decision would be the third in a row. Market participants expect the Eurozone economy to underperform amid political uncertainty in Germany and France, which are the largest nations of the bloc. The potential impact on the export sector when US President Donald Trump takes the administration at the White House is also a source of concern. Technically, we have what appears an ascending triangle, of subwave 4 . In case if breaks downwards, we can see much more decline.
Short
by Alecampos83
Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.04543 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.0534 Why we like it: There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 1.0352 Why we like it: There is a pullback support. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURO - Price can bounce up from triangle to $1.0480Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside a falling channel, where price fell to resistance level and some time traded between. Then EUR fell to support line of channel, but soon backed up to $1.0500 level and continued to trades between it. Later, price rose to resistance line and then made downward impulse, thereby breaking $1.0500 level and exiting from channel. Next, Euro continued to fall inside triangle, where it first fell to support line, breaking $1.0400 level. But soon, price rose to $1.0400 level and some time traded near, after which broke it and rose to resistance line. So, I think Euro can little correct and then bounce up to $1.0480, exiting from triangle pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1