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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EURUSD H1 Timeframe to look at you carefullyFOREXCOM:EURUSD Charts using candles. Price fluctuations are displayed within a specific time frame. This analysis covers a 1-hour time frame Support and Resistance Zones: These are marked areas where the price is likely to find support (bounce up) or resistance (down). Key levels: Strong Support Zone : 1.06800 Support Zone 2: 1.07670 New Support Zone 3: 1.08350 Resistance Zone: 1.09450, Level not strong Support level all good The price has previously bounced off this level, suggesting buying interest.
Long
by HamandMagic
Lingrid | EURUSD Bear-FREE Zone. Potential BUY OpportunityFX:EURUSD price is still consolidating following the significant bullish momentum in the market. Since Tuesday, it has mainly been moving sideways and is currently trading within that range. The market has reached a key resistance zone, but last week, we did not see any potential pullback. It appears that the price may continue to move sideways before making its next move. Notably, an ABC pullback is forming after the its completion, we might see a strong possibility of trend continuation. I expect the price to dip below last week's low, followed by a bullish move from the support level around 1.07800 and the upward trendline. My goal is resistance zone around 1.10000 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Long
by Lingrid
5
EURUSD: Fed decides on interest rates Inflation figures in the US were in the market spotlight during the previous week. Posted data shows an inflation rate of 0,2% in February, bringing the yearly inflation to the level of 2,8%. The core inflation was also at the level of 0,2%, while its yearly level was standing at 3,1%. The new job openings in the US in January reached 7,74M which was above the market estimate of 7,63M. The Producers Price Index in February was standing at 0% for the month, while core PPI was -0,1%. Both figures were below market estimates. Although February inflation figures did not bring any specific surprise to the market, still, Michigan Consumer Sentiment figures were a bit surprising. Namely, as per Michigan survey, consumers in the US are now expecting further increase in inflation figures, with a preliminary estimate of 4,9%. At the same time, the Consumer Sentiment dropped to the level of 57,9 in March, from 64,7 posted for the previous month. This figure was also lower from market consensus of 64,3. Trade balance in Germany reached euro 16B in January, which was below market estimate of euro 21B. German exports dropped by -2,5% in January. Industrial production in Germany in January was higher by 2% on a monthly basis, and above market estimate of 1,5%. Wholesale prices in Germany ended February by 0,6% higher from the previous month, while its yearly level was 1,6%. Fear of inflation and economic slowdown was at the core of market sentiment during the previous week. The US Dollar weakened to the level of 1,094 against euro, which was the highest weekly level of the currency pair. Still, eurusd ended the week at the level of 1,0879. With the latest move, the RSI clearly reached the overbought market side, indicating that the potential short term reversal might be ahead. The moving average of 50 days started stronger convergence toward the MA200, but there is still a distance between two lines, so the cross might be postponed. The week ahead brings FED rate decision on March 19th, as well as FOMC economic projections. This day might bring some volatility back on the market, and will be closely watched by all market participants. With the latest move of the currency pair, the level from November 2024 has been reached. The first half of the week, markets will continue to test the 1,09 resistance level. In case that this resistance level is breached, then the currency pair will continue its move toward the 1,10, the next resistance. However, at this moment there is a lower probability for such a scenario. There is also a probability that the market will enter into a short correction, where the 1,08 support level will be tested for one more time. Important news to watch during the week ahead are: EUR: ZEW Economic Sentiment Index for March in Germany, Inflation rate in February for the Euro Zone, Producers Price Index in February for Germany, USD: Retail Sales in February, Building Permits preliminary for February, Housing Starts in February, Industrial Production in February, FED interest rate decision on March 19th, FOMC Economic Projections, Fed Press Conference after the meeting, Existing Home Sales in February,
by XBTFX
EUR/USD - 1H Technical Analysis📉 EUR/USD - 1H Technical Analysis 📊 Current Price: 1.08789 📍 Market Structure: Sideways Consolidation with Key Liquidity Zones 📈 Bullish Scenario: 🔹 Target: 1.09164 (Key Resistance Zone) 🔹 Price could push higher towards the 1.09164 supply zone, where sellers might step in. 📉 Bearish Scenario: 🔹 Target: 1.08117 (Key Support Zone) 🔹 If price fails to break above resistance, expect a drop towards the 1.08117 demand zone, offering a potential buy opportunity. 📊 Key Levels: ✅ Resistance: 1.09164 📍 (Sell Zone) ✅ Support: 1.08117 📍 (Buy Zone) 📢 Trade Idea: ⚡ Buy above 1.08117 with confirmation ⚡ Sell near 1.09164 if rejection occurs 🎯 Risk Management: Always use stop-loss and trade wisely! #EURUSD #Forex #PriceAction #SupportResistance #LiquidityZones #Trading #SmartMoney #FXFOREVER
by FXFOREVER_87
2
EUR/USD - Bearish Reversal from Resistance This 4-hour chart of EUR/USD suggests a potential bearish reversal from a key resistance level. Rising Channel Breakdown: The price recently broke below an ascending channel, signaling weakness. Resistance Zone: The pair is testing 1.08788, a key level where selling pressure may increase. Bearish Target: A breakdown from this level could lead the price to 1.03704, aligning with previous support. Trading Plan: Sell Entry: Look for rejection at the resistance level. Stop-Loss: Above 1.09000 to minimize risk. Take Profit: First target at 1.03704. Technical Indicators to Watch: Bearish Candlestick Patterns at resistance. RSI Divergence indicating overbought conditions. Break and Retest Confirmation for a stronger short signal.
Short
by ForexOptimizer
Could the Euro Be on the Verge of a Lasting Upward Climb? Europe is embarking on an ambitious chapter of economic revitalization, marked by expansive fiscal measures and a renewed sense of unity in policymaking. Against this backdrop, the Euro seems well positioned to embark on a sustained upward journey, potentially reversing years of lackluster performance and ushering in a prolonged bullish phase. One of the strongest pillars supporting this outlook is the growing anticipation that the ECB may soon hit the brakes on its monetary loosening. With the current policy described as having shed much of its restrictive bite, ECB leadership might opt for a strategic pause perhaps as early as spring 2025. This shift would allow time to gauge the effects of shifting trade landscapes, bold budgetary commitments and the unpredictable currents of global politics. A steadier monetary stance could serve as a springboard for the Euro’s ascent, offering stability amid a flurry of change. However, this optimistic scenario is not without its shadows. Rising friction in trade relations, particularly with the United States, looms as a significant wildcard. Equally critical is Europe’s capacity to translate its grand fiscal vision into tangible results. The coming months will act as a proving ground, revealing whether this pivotal moment can ignite a durable economic spark or if internal missteps and external storms dim the Euro’s shine. On the technical front, the pair’s recent vigor paints an encouraging picture. The drop from its 2023 high of 1.1274 now looks like a completed correction, having bottomed out at 1.0176 after a three phase decline. Should the pair decisively reclaim that 1.1274 level, it could reignite the upward momentum that kicked off from the 2022 trough of 0.9534. Analysts might then eye a target near 1.1916 a level derived by projecting the full rally from 0.9534 to 1.1274 upward from 1.0176 marking a notable milestone in the Euro’s recovery. Even more compelling is the possibility that such a surge could shatter a descending trend line that has capped the Euro’s ambitions for over twenty years( Pink Line). Breaking free of this long standing barrier would signal more than just a fleeting rally...it could herald a fundamental shift, positioning the Euro for a multi year bullish era. In essence, the Euro stands at a crossroads, buoyed by promising monetary recalibration, aggressive fiscal plans, and technical tailwinds. Yet.....its journey to a lasting bull run hinges on navigating a gauntlet of risks—from trade disputes to execution challenges. As Europe strides toward this defining moment, the Euro’s trajectory remains a tantalizing blend of potential and peril, with the next chapter still unwritten. Let's find out which one it is. Cheers
by RobertTMFX
EURUSD InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe! Key Points - The Christian Democratic Union-Christian Social Union alliance and the Social Democratic Party announced that they had reached a constitutional amendment agreement with the Green Party, which had previously opposed, to establish a €500 billion infrastructure and defense special fund. - U.S. Secretary of Commerce Howard Lutnick stated on April 2 that tariffs should be imposed on all cars imported into the U.S. when asked whether the reciprocal tariffs would apply to cars from countries like South Korea, Japan, and Germany. - China's Ministry of Finance, Ministry of Commerce, and the People's Bank of China are scheduled to hold a joint press conference to announce measures to boost domestic demand. If China unveils a stimulus package larger than market expectations, it could trigger a weakening of the U.S. dollar. - The Bank of Japan is expected to keep interest rates unchanged in its rate decision on the 19th, while the Bank of England is also expected to hold rates steady at its monetary policy meeting on the 20th. Key Economic Events This Week March 17: U.S. February Retail Sales March 19: Bank of Japan Interest Rate Decision, Eurozone February Consumer Price Index, FOMC Meeting Outcome March 20: Bank of England Interest Rate Decision EURUSD Chart Analysis The pair is attempting to break through the lower trendline of the previous upward trend. If this level is breached, further gains up to the 1.11000 level are expected. However, if it fails to break through the resistance, a retreat to the 1.06000 level is anticipated, though this scenario appears less likely.
Long
by shawntime_academy
EURUSD BEARISH 130PIPSa prediction might be justified and what factors to consider: 1. Fundamental Analysis U.S. Economic Strength: Strong U.S. economic data (e.g., GDP, Non-Farm Payrolls, CPI) could boost the USD, pushing EUR/USD lower. Hawkish Federal Reserve (Fed) rhetoric or rate hike expectations could strengthen the USD. Eurozone Weakness: Weak Eurozone economic data (e.g., German Industrial Production, Eurozone PMI) could weigh on the EUR. Dovish European Central Bank (ECB) policies or concerns about recession in the Eurozone could weaken the EUR. Interest Rate Differentials: If the Fed is expected to raise rates while the ECB holds or cuts rates, the interest rate differential would favor the USD, pushing EUR/USD lower. 2. Technical Analysis Key Resistance and Support Levels: Identify major resistance levels where EUR/USD might reverse. For example, if EUR/USD is approaching a strong resistance level (e.g., 1.1000), it could trigger a bearish move. A break below key support levels (e.g., 1.0800) could confirm a bearish trend. Trendlines and Moving Averages: A break below a rising trendline or key moving averages (e.g., 50-day or 200-day MA) could signal a bearish reversal. Chart Patterns: Look for bearish patterns like head and shoulders, double tops, or bearish flags. Momentum Indicators: Use indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to confirm overbought conditions and potential reversals. 3. Market Sentiment Risk-Off Sentiment: If global risk sentiment turns negative (e.g., due to geopolitical tensions or stock market selloffs), the USD could strengthen as a safe-haven currency, pushing EUR/USD lower. Positioning: Check Commitment of Traders (COT) reports to see if traders are heavily long EUR/USD. Overcrowded long positions could lead to a sharp reversal. 4. Catalysts for a 130-Pip Move Upcoming News Events: Major U.S. data releases (e.g., NFP, CPI, Fed meetings) or Eurozone data (e.g., ECB decisions, German ZEW) could trigger a 130-pip move. Break of Key Levels: A break below a major psychological level (e.g., 1.0800) could trigger stop-loss orders and accelerate the bearish move.
Short
by LORDOFTHETRADERS