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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EUR/USD 1-hour trading chart next move possible 1. Trend Breakdown: The price was in an uptrend, as shown by the black ascending trendline. A breakdown has occurred, with the price moving below this trendline. 2. Resistance & Rejection: The blue horizontal line represents a resistance zone around 1.05159. The price attempted to break above but got rejected. 3. Bearish Expectation: The red zone represents the stop-loss area, indicating a short (sell) trade setup. The green area is the target zone, suggesting the trader expects the price to drop toward 1.03801. The black arrow shows the anticipated downward movement. 4. Support Levels: The price is expected to test intermediate supports around 1.04658 and 1.04475 before reaching the final target. In summary, the trader expects EUR/USD to drop after failing to break resistance, following a breakdown from the trendline.
Short
by DavidHills110
3
Latest analysis of EUR/USDAfter a period of consolidation, EUR/USD is still hovering around the key resistance level of 1.0500, which is crucial for the trend of the euro. From a technical perspective, the current exchange rate trend remains above the 50-day moving average, which is around 1.04, providing support for bulls. The 50-day moving average is usually regarded as a guide for the medium-term trend. The price can remain above it, indicating that the current market is still bullish. In addition, the 14-day relative strength index (RSI) is currently approaching 60.00. If the RSI further breaks through this level and remains above this area, it may provide stronger upward momentum for EUR/USD. The breakthrough of RSI usually means a change in market sentiment. Breaking through 60.00 means that the bullish force may further increase, pushing the exchange rate upward. In terms of support, the low of 1.0285 on February 10 will be a key support area for EUR/USD. If the price falls below this support level, it may trigger a further correction. It should be noted that the current upward momentum is still relatively limited. If the price continues to consolidate around 1.0500, a sideways pattern may form in the short term. On the other hand, the resistance level of 1.0630 is also very important. This price range is the high point of December 6 last year. If the price breaks through this resistance level, it may mean a larger upside, especially in the upward trend after breaking through the 50-day moving average. On the whole, the current technical side of EUR/USD shows some upside potential, but it still needs more upside momentum to break through the psychological level of 1.0500. If the RSI continues to rise and remains above 60, the possibility of breaking through the key resistance level will increase. On the contrary, if the price falls back below 1.0285, it may re-test the lower support level.
by niwmniwm
EURUSD Set To Fall! SELL! My dear followers, I analysed this chart on EURUSD and concluded the following: The market is trading on 1.0487 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0390 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
EURUSD: warming inflation, or not?One of the most important events during the previous week was Fed Chairs Powell testimony in front of the US Congress. Some key takeaways from this hearing was that the Fed is in no hurry to cut interest rates and that Fed's decisions will stay independent from any political interference. As for macro data posted during the previous week, January inflation data were in the spotlight of the market. Posted figures show a bit hotter inflation of 0,5% for the month, a bit higher from market estimate of 0,3%. Inflation rate on a yearly basis reached 3%. Core inflation continues to be elevated at 0,4% in January and 3,3% on a yearly basis. The Producers Price Index reached 0,4% in January, again higher from market estimate of 0,3%, while core PPI was at the level of 0,3% and in line with market consensus. The Retail Sales dropped by -0,9% in January, much higher from market expectation of -0,1%. The Retail Sales were higher by 4,2% on a yearly basis. The inflation rate in January in Germany was standing at -0,2% for the month and 2,3% y/y. The GDP growth rate, second estimate for Q4 in the Euro Zone was 0,1%, and a bit higher from forecasted 0%. The GDP growth rate, second estimate for the year, was standing at 0,9%. The US inflation in January, which was hotter than the market estimate, made investors prefer euro over dollar during the previous week. The currency pair started the week at levels modestly below the 1,03 level, and was pushed for the rest of the week toward the higher grounds. The highest weekly level was reached on Friday, at 1,051. The currency pair ended the week at the level of 1,0487. The RSI also reverted its move toward the level of 60, however, there is still enough space for the higher ground until the clear overbought market side is reached. The MA50 continues to slow down its divergence from MA200, with a solid distance between two lines, in which sense, the cross is not in the store anytime soon. The currency pair reached the resistance line at 1,05 which had been tested during the previous week. Based on current charts, the eurusd will most probably continue to test these levels at the start of the week ahead. Considering a Holiday in the US on Monday, and lack of release of currently important data for markets, which is related to inflation, it should not be expected to have some higher volatility during the week. On the upside, the 1,05 level will be tested for one more time, while on the opposite side, there is a possibility for a short reversal, but not below the 1,04 support line. Important news to watch during the week ahead are: EUR: ZEW Economic Sentiment Index in February for both EuroZone and Germany, PPI in January for Germany, HCOB Manufacturing PMI flash in February in Germany and the Euro Zone, USD: Due to Holiday in the US markets will be closed on Monday, Building Permits preliminary in January, Housing Starts in January, FOMC Meeting Minutes, Existing Home Sales in January, Michigan Consumer Sentiment final for February.
by XBTFX
Chart Patterns That Keep Showing Up (Are Traders Predictable?)In the grand theater of financial markets, traders often fancy themselves as rational actors, making decisions based on cold, hard data. Yet, time and again, their collective behavior etches familiar patterns onto price charts, as if choreographed by an unseen hand (the Invisible Hand?) All across the world economy , markets trade in patterns. The trick is to spot those patterns before they unfold. These recurring formations, known as chart patterns, are a testament to the predictability of human psychology in trading. Let's rediscover some of these enduring patterns, exploring why they persist and how you can leverage them. 🚿 The Head and Shoulders: More Than a Shampoo Brand Imagine a market trend as a partygoer who's had one too many. Initially, they're lively (the left shoulder), then they reach peak status of euphoria (the head), but eventually, they slump with one last “let’s go party people” (the right shoulder). This sequence forms the Head and Shoulders pattern, signaling a trend reversal from bullish to bearish. Traders spot this pattern by identifying three peaks: a central, higher peak flanked by two lower, similar-sized peaks on each side. The neckline, drawn by connecting the lows between these peaks, becomes the critical support level. A break below this line suggests the party's over, and it's time to exit or short the trading instrument. Conversely, the Inverse Head and Shoulders indicates a reversal from bearish to bullish, resembling a person doing a headstand—a strong sign the market's ready to flip. Ready to hunt down the charts for some Head and Shoulders? Try out the Head and Shoulders drawing tool . ⛰️ Double Tops and Bottoms: Déjà Vu in Trading Ever experience déjà vu? The market does too, in the form of Double Tops and Bottoms. A Double Top resembles the letter "M," where the price hits a high, retreats, and then tests that high again before declining. It's the market's way of saying, "I've been here before, and I'm not going higher." The Double Bottom, shaped like a "W," occurs when the price drops to a low, rebounds, and then retests that low before rising. It's akin to the market finding a sturdy trampoline at support levels, ready to bounce back. These patterns reflect traders' reluctance to push prices beyond established highs or lows, leading to reversals. ⚠️ Triangles: The Market's Waiting Game When traders are indecisive, prices often consolidate, forming Triangle patterns. These come in three flavors: Ascending Triangle : Characterized by a flat upper resistance line and a rising lower support line. Buyers are gaining strength, repeatedly pushing prices up to a resistance level. A breakout above this resistance suggests bullish momentum. Descending Triangle : Features a flat lower support line and a descending upper resistance line. Sellers are in control, and a break below support signals bearish continuation. Symmetrical Triangle : Both support and resistance lines converge, indicating a standoff between buyers and sellers. The eventual breakout can go either way, and traders watch closely for directional cues. Triangles epitomize the market's pause before a storm, as participants gather conviction for the next move. Feel like looking for some triangles on charts? Jump straight to our easy-to-use Triangle Pattern drawing tool . 🏁 Flags and Pennants: The Market Takes a Breather After a strong price movement, the market often needs a breather, leading to Flags and Pennants. These are short-term continuation patterns that indicate a brief consolidation before the trend resumes. Flag : Resembles a parallelogram sloping against the prevailing trend. It's like the market catching its breath before sprinting again. Pennant : Looks like a small symmetrical triangle that forms after a sharp move. Think of it as the market pitching a tent before continuing its journey. Recognizing these patterns helps traders position themselves for the next leg of the trend. 🧠 The Psychology Behind Pattern Persistence Why do these patterns keep appearing? The answer lies in human psychology. Traders, despite access to vast information, are influenced by emotions like fear and greed. This collective sentiment manifests in predictable ways, creating patterns on charts. For instance, the Head and Shoulders pattern emerges because traders, after pushing prices to a peak, become cautious. Early sellers take profits, causing a dip. A second rally (the head) attracts more participants, but if it fails to sustain, confidence wanes, leading to a sell-off. The final attempt (right shoulder) lacks conviction, and once support breaks, the downtrend ensues. Understanding the emotional drivers behind these patterns allows traders to anticipate moves and strategize accordingly. 🎯 Using Patterns to Your Advantage While recognizing patterns is valuable, it's crucial to approach them with a discerning eye: Confirmation is Key : Don't act on a pattern until it's confirmed. For example, in a Head and Shoulders, wait for a break below the neckline before taking a position. Volume Matters : Volume often validates a pattern. A genuine breakout is usually accompanied by increased trading volume, indicating strong participation. Contextual Awareness : Consider the broader market context. Patterns can yield false signals in volatile or news-driven environments. Risk Management : Always set stop-loss orders to protect against unexpected moves. Patterns suggest probabilities, not certainties. 🧬 The Evolution of Patterns in Modern Markets In today's algorithm-driven trading landscape, one might wonder if traditional chart patterns still hold relevance. Interestingly, even sophisticated trading algorithms (those used by hedge funds and investment managers) are programmed based on historical patterns and human behavior, perpetuating the cycle. Moreover, as long as markets are driven by human participants, emotions will influence decisions, and patterns will emerge. The tools may evolve, but the underlying psychology remains constant. 🤗 Conclusion: Embrace the Predictability In the volatile world of trading, chart patterns serve as a bridge between market psychology and price action. They offer insights into collective behavior, providing traders with a framework to anticipate movements. By studying these recurring formations, traders can align their strategies with market sentiment, turning the predictability of human nature into a trading edge. What’s your go-to technical analysis pattern? Are you and H&S trader or maybe you prefer to trade double tops? Share your approach in the comments!
Education
by TradingView
18
EURUSD (IT WILL CROSS THE DECLINE CHANNEL?)The price has risen and stabilized above 1.0348, signaling a continuation of the upward movement toward the next resistance level at 1.0438. Upon reaching this level, the price will face the channel boundary, which serves as a critical point for further movement. A successful breakout above the channel and surpassing 1.0522 will confirm a strong bullish trend, indicating further upward momentum. However, if the price fails to break the channel and reverses, it will remain confined within the current range, consolidating until a decisive breakout occurs in either direction. Dear Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Long
by ArinaKarayi
EURUSD About to turn bearish again on Double StructureThe EURUSD pair has been on a Bullish Leg since the February 09 Low and is approaching the January 27 High, which is its technical Resistance level. Technically, every such test has been rejected down to at least the 0.786 Fibonacci level but since we might be within a Channel Up, it is possible to see one last push to complete a +2.68% rise from the February 09 Low. The 0.786 Fib then will fall below the Channel Up so to account for that technical miss of support, our Target will be the 0.618 Fibonacci level at 1.03125. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EUR/USD Scalping Opportunity: Potential Long SetupEUR/USD exhibits a potential upside move, presenting a scalping opportunity for long positions. Confirmation is required, along with a rejection of the current zone, to validate the trade setup before execution. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Scalping and trading carry substantial risks, including the possibility of significant losses. Trade cautiously and responsibly.
Long
by Bilind-GeniusScalper
EURUSD Technical Forecast on NFP 07.02.2025Overall Trend & Context: The EURUSD pair is in an overall downtrend on the higher time frames and has recently been consolidating on the lower times. Fundamental Considerations for the NFP: Consensus Forecast (High Probability) - Most analysts forecast a gain in the 169K–170K range, which lines up with recent trends. A neutral result would suggest that the labor market is still solid. Stronger-than-Expected Outcome (Medium Probability) - If the report comes in well above consensus (eg: above 190K jobs), it could reinforce expectations for a more hawkish stance by the Federal Reserve. Weaker-than-Expected Outcome (Low Probability) - A result below expectations (eg: fewer than 135K jobs) might trigger a reassessment of the US economic outlook, we will need to watch the markets and prepare for dynamic shifts. Technical Findings: Weekly - Bearish and trading well below EMA's. Daily - Bearish & showing signs of 25 EMA rejection. Previous distribution is holding price at bay. 4 Hour - Strong supply levels holding and trading below the 200 EMA. 1 Hour - Close to overbought levels and LTF distribution is holding. Important Notes: DXY is at a previous demand which proved to be a challenge to break through in the past. GBPUSD & EURUSD can have variations in the short term correlation but the technicals both align, which reinforces our EURUSD narrative. USDJPY technicals remain bullish on the long term however, the short term is in a downtrend and has reached a daily demand - we could potentially see a bullish reaction from here (based on DXY strength and the negative correlation with EURUSD) Potential Scenarios & Probabilities: If the lows at 1.03800 fail we may need to adjust our entry zones based on where liquidity and supply are found. If price reaches the weaker supply level closer to the release of the NFP we can enter, however there is a chance we could get stuck in some drawdown if supply isn't strong enough to push through. HIGH PROFILE NEWS RELEASES ARE DOUBLE EDGED IF YOU'RE NOT CAREFUL. YOU DO NOT NEED TO BASE YOUR ENTIRE TRADING CAREER ON IT. STAY OUT IF YOU'RE NOT COMFORTABLE TRADING NEWS. AS TRADERS, YOUR PRIMARY JOB IS TO PROTECT YOUR CAPITAL - WITHOUT CAPITAL YOU CAN'T MAKE ANY MOVES. Trade smart. Hope you all make money if you're trading today! Apex out! OANDA:EURUSD FX:EURUSD FOREXCOM:EURUSD OANDA:USDJPY TVC:DXY OANDA:GBPUSD PEPPERSTONE:GBPUSD FX:USDJPY
Short
by Apexfx_Alpha
EURUSD - what to expect?Here is our in-depth view and update on EURUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at EURUSD from a bigger perspective. For this we will be looking at the H4 time-frame and following our original analysis posted on February 4th (check image below). Now after we broke to the upside we are waiting to make a pullback on the pair (based on the H4 time-frame). As of now we are sitting on our hands and patiently waiting on the pullback to happen or possible reverses and join the uptrend. TVC:EXY has seen some strength last week regardless of the positive data for the TVC:DXY which gave back gains after U.S. President Donald Trump said in a social media post that he had spoken with Russian President Vladamir Putin about starting negotiations to end the war in Ukraine. This still holds positive weight on the EUR overall. Considering this, we can pre-plan some possible outcomes including both fundamental analysis and technical analysis. Scenario 1: BUYS at the break the highs (1.05140) - We broke above 1.05140. With the break of this level we can expect a possible move towards the upside without even creating a deeper pullback. The technical analysis and fundamentals would be on our side. Scenario 2: BUYS at the pullback (1.04360) - We came down to our PBA (Pullback Area) at around 1.04360. With the pullback completed and the price respecting this area, we could potentially see more upside on this pair from this KL (Key Level). Long-term buys at this price would be valid. Again technical and fundamentals analysis would both be on our side. KEY NOTES - EXY (EUR) showing strength after last week’s positive “news”. - Breaks to the upside would confirm higher highs. - Respecting our PBA (Pullback Area - 1.04360 would give us a buy opportunity. - Possible resolutions between Ukraine and Russia. Happy trading! FxPocket
by FxPocket
1