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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EURUSD – Triangle Consolidation Nearing CompletionEURUSD is currently completing a contracting triangle formation within a larger corrective structure. According to Elliott Wave Theory, this appears to be an ABC correction, with wave B unfolding as a classic contracting triangle pattern (ABCDE). The chart highlights the subwaves: 🔸 (A), (B), (C), and (D) have completed, 🔸 Wave (E) is anticipated next—likely to test the upper boundary of the triangle before a breakdown resumes the bearish impulse. 📍 The invalidation point is clearly marked—any breakout above this would invalidate the triangle scenario and call for a reassessment of the wave count. Bias remains bearish following wave (E), expecting a strong move down upon completion of the triangle.
Short
by MrLiquidonFX
EURUSD is moving within the 1.12725 - 1.5750 range👀 Possible scenario: The euro fell 0.28% against the U.S. dollar on April 29 amid rising uncertainty over U.S. inflation and unclear central bank policy paths. That same day, President Trump signed executive orders introducing relief measures to offset new auto tariffs, while trade talks showed modest progress with deals nearing completion with India and South Korea. Despite temporary market relief, concerns remain over the economic impact of tariffs. On April 30, traders will watch key Eurozone GDP reports, which could move EUR/USD below 1.1300 or up toward 1.1430, depending on the results. ✅Support and Resistance Levels Now, the support level is located at 1.12725. Resistance level is now located at 1.15750.
by MaxOnMarkets
**EUR/USD Technical Outlook** – 30min Chart📉The pair is currently trading within a well-defined **range**, showing repeated reactions to key horizontal **zones**. 🔹 **Resistance Zone**: 1.1418 – 1.1427 🔹 **Support Zone**: 1.1356 – 1.1360 Price action has shown multiple rejections at the upper boundary, indicating potential **selling interest**. The projected path suggests a possible short-term **retracement** from the resistance area back toward the support zone, where past demand has emerged. This setup reflects a classic **range-bound behavior**, ideal for traders watching for reversals at key zones. Patience and confirmation are key as price approaches the upper boundary again. 📊 Monitoring price reaction around the 1.1420 level for potential decision-making.
Short
by fsanalysis6
EURUSD April 29 Trade Executed and Stop loss takenEURUSD April 29 Trade Executed and Stop loss taken Asia Session Coming into Asia Price was in a premium on the previous range. NY session price took buy side liquidity and rebalanced only the bottom half of a 15M FVG. Logic and elements to the setup Liquidity taken Premium session with logic that Price would seek the 50 level 1.13777 and equal lows Macro time 19:00 Smaller time frame analysis and elements that made me take the trade *17:00 Price creates a swing low *18:05 4 candle pattern that breaks the swing, break of market shift *18:10 FVG created *18:50 entry First target the 50 level 1.13777 I executed this trade and got stoped out. Happy that my trade idea was successful and sad I was stopped out. My stop loss was 6 pips which I thought it was 10. Lesson learned. 10 pips min in future. I am still extremely happy with my trade and it's amazing delivery to my target.
by LeanLena
EURUSD Technical Analysis! BUY! My dear followers, I analysed this chart on EURUSD and concluded the following: The market is trading on 1.1364 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1417 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
The Day AheadTuesday April 29 Data: US April Conference Board consumer confidence index, Dallas Fed services activity, March JOLTS report, advance goods trade balance, wholesale inventories, February FHFA house price index, Germany May GfK consumer confidence, Italy April consumer confidence index, manufacturing confidence, economic sentiment, March hourly wages, February industrial sales, Eurozone March M3, April economic, industrial, services confidence, Sweden Q1 GDP indicator Central banks: ECB’s March consumer expectations survey, Holzmann and Cipollone speak, BoE’s Ramsden speaks Earnings: Visa, Coca-Cola, Novartis, China Construction Bank, AstraZeneca, HSBC, Booking, S&P Global, Pfizer, Honeywell, Spotify, American Tower, Altria, Starbucks, Mondelez, Sherwin-Williams, UPS, BBVA, BP, Atlas Copco, Ecolab, Regeneron, PayPal, Royal Caribbean Cruises, Wal-Mart de Mexico, Universal Music Group, Hilton, Fair Isaac, adidas, GM, Corning, Kraft Heinz, CoStar, Ares This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Good recovery for USD but that is not enough🔔🔔🔔 EUR/USD news: ➡️ Ongoing rhetoric about easing trade tensions between the United States and China has had a positive impact on stock markets, helping to restore some calm. However, investors remain cautious about making significant bets on the U.S. dollar. ➡️ Meanwhile, the euro is trading slightly below the 1.1400 level early Wednesday, staying within a narrow range as traders have largely refrained from making bold moves in recent days. Personal opinion: ➡️ EUR/USD is correcting lower after showing overbought conditions at a three-year high of 1.1575. However, a healthy correction for the USD has emerged but the US dollar cannot be considered back in the forefront. Let's take a look at the upcoming US trade deal. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Buy EUR/USD 1.1360 - 1.1350 ❌SL: 1.1310 | ✅TP: 1.1410 - 1.1470 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Euro Slips as ECB Rate Cut Bets GrowThe EUR/USD dipped to around 1.1415 in early Asian trading Tuesday as the Euro weakened on rising expectations of an ECB rate cut in June. Reuters cited growing confidence among policymakers, with Olli Rehn suggesting rates could fall below neutral. Investors are also watching US-China trade developments ahead of Friday’s Nonfarm Payrolls. President Trump claimed progress, but Beijing denied active talks. Treasury Secretary Bessent confirmed recent contact but said China must act. Trade tensions continue to pressure the dollar, potentially supporting the Euro. Key resistance is at 1.1460, followed by 1.1580 and 1.1680. Support lies at 1.1260, then 1.1200 and 1.1150.
by ChartMage
Fundamental Market Analysis for April 29, 2025 EURUSDEUR/USD is down to 1.14150 in the early Asian session on Tuesday. The euro (EUR) is weakening against the US dollar (USD) amid rising bets for further rate cuts by the European Central Bank (ECB) in June. Investors expect further US trade policy developments ahead of the release of the much-anticipated US Non-Farm Payrolls (NFP) data on Friday. US President Donald Trump said progress is being made and he has spoken to Chinese President Xi Jinping, although Beijing denies that trade talks are underway. U.S. Treasury Secretary Scott Bessent said he spoke with Chinese authorities last week but did not mention tariffs. On Monday, Bessent said the U.S. government is in contact with China, but it is up to Beijing to take the first step to de-escalate the tariff fight with the U.S. over the trade imbalance between the two countries. Investors will be keeping a close eye on the US-China relationship. Trump's chaotic trade policies have undermined faith in US assets and the common currency has become an alternative destination for investors' cash. Any signs of an escalating trade war between the US and China could have a negative impact on the US dollar and serve as a tailwind for EUR/USD. On Saturday, Reuters reported that ECB policymakers are increasingly confident of cutting interest rates in June as inflation continues to fall. On Monday, ECB chief Olli Rehn said the central bank may cut interest rates below the neutral level that keeps the economy in balance. Trading recommendation: SELL 1.13800, SL 1.14000 , TP 1.13000
Short
by Fresh-Forexcast2004
EUR/USD 15m Analysis – Market Profile & Demand Zone Play Price is retracing into a key demand zone near 1.1350–1.1360 after a sharp move up. This area also coincides with a prior high-volume node (POC) on the market profile, suggesting significant past accumulation and potential for a reaction. Market Profile Insights: • A clear value area developed between ~1.1350 and ~1.1385, showing strong acceptance. • The recent move up created a low-volume node (LVN) just above the current price – indicating inefficient price action that may be revisited quickly if demand returns. • Current price is re-entering the prior value area, hinting at a potential test of the lower boundary (~1.1350), which also aligns with the ascending trendline support. • If this zone holds, there’s a clean upside imbalance toward 1.1518 – where the previous distribution ends and new liquidity likely sits. Trade Plan: • Long Bias from demand zone with bullish confirmation. • Target: 1.1518 • Invalidation: Break and hold below 1.1340 demand
Long
by Profx001
EUR/USD racing towards new highs? The market sends clear signalsThe EUR/USD pair is confirming a very strong bullish structure. On the weekly chart, the price is positioned above a key supply zone between 1.1350 and 1.1450, after strongly breaking through previous resistances. The current consolidation at the top of the range suggests a potential continuation to the upside, with a first target at 1.1500 and an extended target at 1.1600. Retail market sentiment shows a clear majority of short positions on EUR/USD. This supports a contrarian bullish view, as historically, retail tends to be positioned against the prevailing trend. COT report data further strengthens this outlook. The US Dollar Index (USD Index) shows an increase in short positions among institutional traders, indicating a possible phase of dollar weakness. Conversely, the Euro FX shows a significant increase in long positions from both non-commercial and commercial traders, highlighting institutional interest in buying the euro. From a seasonal perspective, May tends to be neutral or slightly negative for the euro, while June historically favors moderate dollar strength. This suggests that EUR/USD could still have room to rise over the coming weeks, but it will be important to monitor for signs of bullish exhaustion towards the end of May. In summary, the current context favors further upside on EUR/USD as long as the price remains above the 1.1300 support. However, it will be crucial to watch for the first signs of weakness as we approach June.
Long
by EdgeTradingJourney
1