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EUR/USD_TOM - EUR/USD

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EURUSD_TOM trade ideas

EURUSD - 3 Tops Pointing For A RejectionEURUSD has completed the Bullish move as highlighted in previous analysis and despite 3rd attempt, failed to break the resistance. If we have a 3rd Top on 4H, we may see a strong rejection which could open lower levels. For Bulls to cotinue, they must have a sustained break above the resistance. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Short
by MarketsPOV
1
EURUSD BULLISH CONTINUATION We identified a potential reversal signal in the EUR/USD market, as a W pattern (Double Bottom) has formed. After a recent decline, the price has bounced off a strong support level, creating two distinct lows. The W pattern suggests that the downtrend is losing momentum, and a reversal might be imminent. Key levels to watch: - Resistance: 1.05903 (previous high) - Support: 1.04818 (W pattern low) A break above the resistance level could confirm the reversal, while a break below the support level might invalidate the pattern. I'll be monitoring the price action closely for further developments. BEST WISHES TOM 😎
Long
by Tom_Trades_670
4
EUR/USD IS BAE TODAY1. Key Observations from the Charts Current Price: 1.0578. Trend Analysis: EUR/USD has broken out of a consolidation zone, showing bullish momentum. The price has crossed above the 50 EMA and 200 EMA on shorter timeframes (30-min, 1-hour), indicating strong upward momentum. On the daily chart, the pair is approaching resistance zones around 1.0575–1.0600. Support and Resistance: Support: 1.0550–1.0520: Newly established support zone after the breakout. 1.0470: Strong support below if the price retraces significantly. Resistance: 1.0600: Immediate resistance. 1.0670–1.0700: Next resistance zone if bullish momentum continues. Indicators: RSI: Daily RSI is 56.59 (neutral), suggesting room for further upside. RSI on shorter timeframes (30-min, 4-hour) is nearing overbought zones, suggesting caution on aggressive longs. MACD: MACD on all timeframes shows bullish momentum, with the histogram expanding positively. Volume: Likely higher during the breakout, supporting the bullish move. 2. Trading Options: Buy or Sell Bullish Case (Buy) Why: The breakout above 1.0550 shows strong bullish sentiment. Entry: Buy near 1.0560–1.0570 (on pullbacks). Target: First Target: 1.0600 (immediate resistance). Second Target: 1.0670 (if momentum sustains). Stop Loss: Below 1.0545 to protect against a false breakout. Bearish Case (Sell) Why: If price fails to break 1.0600, a pullback is likely. Entry: Sell near resistance at 1.0600. Target: First Target: 1.0550. Second Target: 1.0520 (if breakdown occurs). Stop Loss: Above 1.0615 to avoid being caught in a bullish continuation. 3. Intraday Recommendation Given the breakout and current bullish momentum, buying on pullbacks near 1.0560–1.0570 with a target of 1.0600 is favorable. If price approaches 1.0600 but shows rejection (e.g., bearish candlesticks), consider a short-term sell trade targeting 1.0550. 4. Key Levels to Watch Bullish Breakout Zone: Above 1.0600, watch for continuation to 1.0670. Bearish Breakdown Zone: Below 1.0545, expect a move back to 1.0520. 1. Bullish Scenario (Buy Plan) Rationale: The breakout above 1.0550–1.0570 indicates bullish momentum. Price has crossed above the 50 EMA and 200 EMA, confirming upward bias on multiple timeframes. RSI and MACD suggest room for additional upward movement. Steps to Trade: Entry Point: Enter a buy position on a pullback near 1.0560–1.0570 (the support zone created after the breakout). Alternatively, buy on a breakout above 1.0600 with confirmation (strong candle close above and rising volume). Take-Profit Levels: Target 1: 1.0600 (psychological resistance). Target 2: 1.0670 (major resistance level from previous price action). Stop Loss: Place a stop loss below 1.0545 (below the breakout support zone). Confirmation: Ensure volume increases during the breakout or pullback. Use shorter timeframes (e.g., 15-min, 30-min) to watch for bullish reversal candlesticks near entry levels (e.g., hammer, engulfing). 2. Bearish Scenario (Sell Plan) Rationale: EUR/USD is approaching 1.0600, a key resistance zone. If rejection occurs (e.g., long wicks, bearish candles), it could signal exhaustion of the uptrend. Short-term RSI on lower timeframes is nearing overbought, suggesting potential for a pullback. Steps to Trade: Entry Point: Enter a sell position near 1.0600 if price shows rejection (e.g., bearish engulfing, pin bar). Alternatively, sell on a breakdown below 1.0545 with confirmation (strong bearish candle close and volume spike). Take-Profit Levels: Target 1: 1.0550 (recent support zone). Target 2: 1.0520 (next support level). Stop Loss: Place a stop loss above 1.0615 to protect against false rejection or breakout. Confirmation: Look for bearish candlestick patterns near 1.0600. Use indicators like RSI and MACD for confirmation of bearish divergence or momentum loss. 3. Key Levels to Monitor Key Levels Action 1.0600 (Resistance) Look for breakout (buy) or rejection (sell). 1.0560–1.0570 (Support) Buy on pullbacks to this zone. 1.0545 (Breakdown) Sell if price breaks below with confirmation. Additional Notes Risk-Reward: Aim for at least 1:2 risk-reward ratio (e.g., risking 20 pips to gain 40). Volume Analysis: Confirm moves with volume. Increasing volume supports breakouts; declining volume suggests weakness. Timeframes: Use the 15-min and 30-min charts for precise entries and exits. Monitor the 4-hour chart for broader trend context.
by DerrickJerry
Euro can make retest of support line and then continue move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago started to decline inside the range, where it in a short time fell to the resistance level, which coincided with the seller zone with the bottom part of the range. Next, the price turned around and quickly rose to the top part of the range, making a first gap, after which turned around and made impulse down, thereby exiting from the range and breaking the 1.0760 level. Then the price tried to back up, but it made a fake breakout of 1.0760 level and then continued to fall inside the downward pennant. Later, the Euro fell to the support level, which coincided with the buyer zone and broke it too, after which declined to support line of the pennant. Then the price made an upward impulse, thereby making a second gap, after which broke the 1.0480 level one more time and continued to move up. Some time later Euro reached the resistance line of the pennant, after which made a correction to the support level, but a not long time ago it rebounded up, thereby exiting from the pennant pattern. Now I think that the Euro can make a retest, after exiting from the pennant and then continue to move up. For this reason, I set my TP at 1.0680 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
EUR/USD: Mixed Signals Amid Diverging Economic OutlooksEUR/USD: Mixed Signals Amid Diverging Economic Outlooks The EUR/USD currency pair remains at the center of market attention, reflecting the complex interplay of economic dynamics on both sides of the Atlantic. Recent data releases, central bank signals, and historical trends provide a nuanced picture of the pair's trajectory as the year draws to a close. --- Eurozone: A Cloudy Economic Picture Weak Industrial and Retail Data: Germany, the Eurozone's economic engine, reported a 1.5% MoM decline in industrial orders, which, despite beating expectations, highlights underlying weakness. Additionally, retail sales across the Eurozone fell by 0.5% MoM, signaling softness in consumer spending—a crucial growth driver. Muted Composite PMI and Revised GDP Forecasts: The Composite PMI ticked up slightly to 48.3 but remains in contraction territory, reflecting the region's economic fragility. Adding to the woes, Italy revised its GDP forecasts downward, compounding the pressure on the European Central Bank (ECB) to take more accommodative measures. ECB Policy Signals: ECB officials, including Robert Holzmann, have hinted at a possible rate cut in December, marking a shift towards cautious easing. However, the outlook is complicated by ongoing political instability in France, where a looming no-confidence vote against President Macron underscores broader regional challenges. --- United States: Resilience Amid Headwinds Economic Stability and Fed Policy: The U.S. economy continues to exhibit resilience. Durable goods orders rose 0.3%, and construction spending increased by 0.4%, both meeting or exceeding expectations. Despite a slight drop in the ISM Services PMI to 52.1, the broader picture suggests steady growth. Fed Chair Jerome Powell reiterated the strength of the U.S. economy while maintaining a cautious approach to monetary policy. Labor Market Dynamics: The U.S. labor market remains robust, with JOLTS job openings rising to 7.744 million in October. However, the Challenger Layoffs report showed a slight increase, signaling the beginning of a potential cooling phase. The Federal Reserve remains focused on labor market stability as a key factor in its inflation trajectory. Monetary Policy Outlook: Fed officials, including John Williams and Mary Daly, have hinted at the possibility of rate cuts in 2024, aligning with broader market expectations. While inflation is gradually easing, the Fed's restrictive stance underscores its commitment to flexibility and data dependency. --- Seasonality and EUR/USD Dynamics December has historically been favorable for the euro, driven by reduced market liquidity and year-end position adjustments. However, the current macroeconomic environment challenges this seasonal pattern. Weak eurozone data and the relative strength of the U.S. economy suggest that traditional seasonal trends may not be enough to reverse the bearish momentum. --- EUR/USD Outlook: Bearish Bias Prevails Despite modest gains in recent weeks, the long-term trend for EUR/USD remains bearish. The eurozone's economic struggles and the ECB's dovish tilt contrast starkly with the U.S. economy's stability and the Fed's measured approach. Seasonal factors may offer temporary support for the euro, but sustained appreciation seems unlikely under the prevailing market conditions. As the year concludes, traders should remain vigilant, balancing historical patterns with evolving economic data and central bank actions. For now, the path of least resistance for EUR/USD appears to be downward, with limited potential for a significant rebound.
Short
by InvestMate
1
EURUSD H1 05/12/2024 - SELL below 1.0510 OR BUY above 1.05350Multi-Timeframe Analysis D1 (Daily Timeframe) Trend: Consolidation with slight bullish bias as price is near 1.0530–1.0550 resistance. Price is trading near the upper Ichimoku boundary, but the 200 SMA remains above, capping gains. Indicators: RSI (14): 42.4, neutral. Stochastic (14,3,3): Bullish crossover but near overbought. MACD (12,26,9): Negative histogram but narrowing, indicating weakening bearish momentum. Key Levels: Resistance: 1.0550–1.0580. Support: 1.0500 and 1.0475. H4 (4-Hour Timeframe) Trend: Neutral to bullish; price is above the Ichimoku Cloud and key moving averages. Indicators: RSI (14): 55.1, leaning bullish. Stochastic (14,3,3): Overbought but stabilizing. MACD (12,26,9): Positive histogram, confirming recent upward momentum. Key Levels: Resistance: 1.0550–1.0580 (top boundary). Support: 1.0500 and 1.0475 (Ichimoku baseline and prior swing low). H1 (Hourly Timeframe) Trend: Consolidation; price is oscillating between 1.0510–1.0535. Indicators: RSI (14): 61.4, bullish. Stochastic (14,3,3): Neutral after exiting overbought territory. MACD (12,26,9): Positive histogram with moderate upward momentum. ATR (14): 11 pips, indicating low volatility. Key Levels: Resistance: 1.0535 and 1.0550. Support: 1.0510 and 1.0500. M30 (30-Minute Timeframe) Trend: Similar to H1, consolidating within the 1.0510–1.0535 range. Indicators: RSI and Stochastic are neutral, with MACD showing moderate bullish momentum. Trade Scenarios Scenario A: Bullish Continuation (BUY Setup) Rationale: If the price breaks above 1.0535, it could target the next resistance at 1.0550 and higher. Setup Details: Entry Price: Above 1.0535 (breakout confirmation). Stop-Loss: 1.0510 (below consolidation support). Take-Profit Levels: TP1: 1.0550 (H4 resistance). TP2: 1.0580 (Daily resistance). Risk/Reward Ratio: ~1:2. Scenario B: Bearish Reversal (SELL Setup) Rationale: If the price fails to hold above 1.0510, a reversal toward support levels could occur. Setup Details: Entry Price: Below 1.0510 (breakdown confirmation). Stop-Loss: 1.0535 (above consolidation resistance). Take-Profit Levels: TP1: 1.0490 (M30 support zone). TP2: 1.0475 (H4 support). Risk/Reward Ratio: ~1:2.
by napoleon182
EURUSD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.0537 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.0506 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURUSD Will Go Higher From Support! Long! Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.052. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.068 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1