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U.S. Dollar / Euro

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USDEUR trade ideas

EUR/USD Outlook: Patience Is Key in Uncertain MarketsThe EUR/USD pair is gaining traction as the US Dollar Index retracts from its peak of 107.06, while the euro rebounded from the 1.0500 level yesterday. The exchange rate remains within a key demand zone, and as noted previously, a price pullback could occur if it breaches this range, leading to retracement opportunities. Federal Reserve Chairman Jerome Powell has remarked that the US economy is performing "remarkably well," which paves the way for a gradual reduction in interest rates. In contrast, the minutes from the European Central Bank's October Monetary Policy Meeting suggested a growing inclination towards rate cuts, tempered by concerns over domestic inflation. Today’s release of US Core Retail Sales and overall Retail Sales figures may shed light on the economic outlook. Should the euro continue its upward momentum, traders might contemplate a long position in the upcoming week. Our forecasting model indicates a potential price surge during this period; however, it’s important to recognize that market conditions are influenced by significant movements, including the Trump's rally that has been propelling the DXY to new highs. Thus, exercise patience before entering any trades is recommended at this stage. ✅ 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.
by FOREXN1
2
How EUR/USD Could Rebound..The recent fall seen on the EURUSD is reflective of growing USD strength within a major 'Risk On' market. Investors far preferring to hold USD than most major currencies, except risk currencies like the CAD/NZD/AUD. EUR and GBP getting left behind slightly due to natural investor preference. We know the ECB is fairly tentative on lowering rates as they have stated there is a lesser need to based on the state of the economy and economic recovery. The case is somewhat similar for the US, as Trump will likely have an inflationary effect and the FED is confident in their current position. Any further data will likely amend this or keep it the same, but I would not be surprised if rallies occur after the extent of the current fall. Long bias maintained.
Long
by WillSebastian
8
EURUSD WILL CONTINUE DOWNTRENDhello guys lets start new analysis as you can see eurusd is bearish for a few days and mad a descending channel . the price broke 1.060 support When analyzing EUR/USD from a fundamental perspective on the one-hour timeframe, a few key factors are currently impacting this currency pair: 1. U.S. Interest Rates: The Federal Reserve is still in a phase of rate hikes or, at the very least, is not planning to lower rates anytime soon. This strengthens the dollar, as investors prefer it over other currencies, adding downward pressure on the euro. Any hints from the Fed about possibly slowing down rate hikes could provide temporary support for the euro. 2. European Economic Slowdown: Europe’s economy remains in a slow-growth phase, especially in countries like Germany, which relies heavily on exports. This factor weakens the euro and adds more downward pressure on EUR/USD. 3. Inflation and ECB Policies: Inflation in the Eurozone remains a challenge. The European Central Bank (ECB) has raised interest rates to control it, but inflation is still above target. The ECB may have less room and motivation than the Fed to continue rate hikes, which could weaken the euro. 4. Political and Geopolitical News: Ongoing geopolitical issues
Short
by Lady_scalper
2
EURUSD Down Trend ContinuationEURUSD has opened with an upward gap and is moving toward a significant resistance zone within a larger bearish trend. If the market meets resistance here and rejects both the resistance zone and the upper border of the descending channel, it may indicate an impending bearish reversal. Historically, this level has acted as a strong resistance, with price bouncing off it multiple times, which reinforces the likelihood of another rejection. There is potential for a push above last week’s high as an initial move to gather liquidity, followed by a bearish reversal aiming to fill the recent gap. If this scenario unfolds, the target would be the support zone around 1.08510, aligning with the gap-filling objective and providing a solid level for further downside momentum
Short
by RTED_Investing
EUR/USD Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook: As anticipated in last week's analysis, the Eurodollar has sustained its downward trajectory with notable intensity, successfully reaching all predefined targets: Mean Support at 1.069, Key Support at 1.062, a retest of the completed Inner Currency Dip at 1.060, and the realization of the Inner Currency Dip at 1.050. While this downward movement is significant, the following primary target is the Outer Currency Dip at 1.042. It is imperative to acknowledge and initiate a rebound, which is currently taking place, guiding prices back toward the newly established Mean Resistance at 1.063 before resuming the down movement.
by TradeSelecter
EURUSD : I still love ABCDAnyway, I am sure many of you have seen this already. It is not only because of the D, Bond yield also says that the $ needs to fall to compensate for its high. And if we zoom in on the recent price actions, the price seems to have pivoted, but the BEAR is still fighting a strong fight. Anyway, next Monday will see a conclusion of this battle. The lesson we must take home here is ----> Do not mess with the D when it is showing a reaction!!! What about XAU? I think most likely is that it will rise. Don't you agree? Good luck.
Long
by i_am_siew
EURUSD BUY SETUP !!Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the IMPORTANT PRICE LEVELS. I anticipate that the price will soon react positively to the ORDER BLOCK. Keep an eye on these marked levels! For my dear Followers: we only need 10 supportive comments to keep this analysis going strong. Please like and leave your supportive comments. Your encouragement means a lot—thank you “The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder
Long
by Siphesihle_Brian_Thusi
EURUSD - Futher Downside ExpectedEURUSD is heading towards lower level to complete it's Wave 3. EMA 50 is currently holding as a resistance and unless the news comes against Dollar, we should expect the above move to complete. For entries, please wait for at least two candle reversals on 5/15M 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: Short term analysis for 07/11/2024 This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 1-hour The 1-hour EURUSD chart exhibits bearish trend, with the volume decreasing and the price moving below 200 SMA. 45 min chart exhibits bearish a divergence indicating a potential reversal. Key Levels: Order Block (Lower Target): 1.064-1.053 Resistance: 1.081-1.084.00 Immediate Support: 1.068.00 Trading Bias: It may test upper resistance at 1.084 and get rejected. A breach of lower trend channel may trigger a corrective decline to 105.00 and potentially reach the Lower Target (Order Block) at 1.064-1.058
by avatarfreak
EUR/USD Outlook: Bearish Momentum Below Key PivotEUR/USD Analysis The EUR/USD price is currently consolidating below the pivot line at 1.0680, showing bearish momentum. If this bearish trend continues, the next movement is likely to test support levels below. Scenarios: Bearish Scenario: If the price continues to trade below the pivot line (1.0680) and breaks below the immediate support at 1.0616, it may reach down to the next support at 1.0544. A close below 1.0616 would strengthen this bearish outlook. Bullish Scenario: For a bullish reversal, the price needs to reclaim and stabilize above the resistance line at 1.0739. This move would suggest a shift towards higher targets, potentially testing 1.0861. Key Levels: Pivot Line: 1.0680 Resistance Levels: 1.0739, 1.0780, 1.0861 Support Levels: 1.0616, 1.0544, 1.0470 Trend Outlook: The bearish scenario is currently more accurate as long as the price remains below the pivot line and support levels are tested. previous idea:
Short
by SroshMayi
HelenP. I Euro will correct to trend line and then start to riseHi folks today I'm prepared for you Euro analytics. In the chart, we can see how the price some time traded between resistance 2, which coincided with the resistance zone and later started to grow the trend line. When the price reached this line, it turned around and started to decline and soon broke the 2nd resistance level. After this, the price continued to fall below the trend line and when it fell to 1.0765 points, the price turned around and rose higher than the trend line, breaking it. Then the Euro rose to 1.0940 points, after which made impulse down to one more resistance zone, which coincided with 1st resistance level. Price tried to grow, but failed and continued to decline next, breaking the 1.0680 resistance level. And recently it reached the trend line and at once rebounded and started to grow. For this case, I expect that EURUSD will correct to the trend line and then start to grow to the 1.0680 resistance level, therefore this level is my goal. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
EURUSD: False Resistance Break Could Add to DeclineAs expected, EURUSD continues to hit new lows, currently hovering around the 1.062 level. The Euro's retreat has largely been driven by a sharp rally in the U.S. dollar (USD), pushing the U.S. Dollar Index (DXY) above 106.00, marking multi-month highs. This surge is fueled by market optimism surrounding the so-called “Trump trade,” with investors betting on potential policies under the upcoming Trump administration. On higher timeframes, EURUSD is testing a solid support level, which might trigger a corrective move. However, on the 4-hour timeframe, we can clearly observe a downtrend, with the 34 and 89 EMA acting as resistance and continuing to weaken the buying side. Therefore, any strong resistance level is likely to maintain control over the market. Currently, we are watching for a potential false breakout of the trend resistance, with the aim of consolidation. This consolidation is generally forming within a channel, and if sellers maintain control around the 1.605 - 1.068 area, which aligns with the 0.618 Fibonacci level, we should expect a decline toward key areas of interest in the medium term.
Short
by Bentradegold
EURUSD Macro Sells PossibleAlright so it's been a literal while since I've analyzed anything other than gold and or maybe BTC. But neither of them have any opportunity currently so I am taking a look at a few other assets to see if there is anything interesting. On EURUSD, we can see here what appears to be price stumbling at a level in which price has bought multiple times in the past and what I find really interesting about this level is the fact that price is bullish. EURUSD is an overall bullish market so the fact that it is selling suggests that price needs to grab liquidity from the downside. But why? What is down there that price needs so badly? Well, Think about it. Buyers place stop losses where exactly? At the lows right? Yeah when you look at it on the weekly timeframe in my opinion it becomes even more clear - price needs to go lower to clear out buyers stops. BUT This then means that price needs to sell right? And we can only truly sell when price is bearish enough to do so right? Well here seems to be very bearish, but I'd admit that I feel like I am drawing at straws here in hopes that it breaks this time, I'd be honest I am not hopeful that it will lol That being said, what I think is possible for EU is that it will continue to stumble about this level for a while, maybe even go higher, before truly attempting to drop. As much as I wish to find something here, I don't think there is anything. The most I can say is maybe more sustained sells (very short term) until price leaves this orange zone I'd be careful with this one
Short
by Brandon_evo4