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USDEUR trade ideas

Here’s a summary of the EUR/USD chart: **Trend Analysis**: Here’s a summary of the EUR/USD chart: 1. **Trend Analysis**: - The chart shows an upward channel with clear support and resistance lines. - The price is currently trading near the middle of the channel, suggesting a potential continuation of the bullish momentum. 2. **Moving Averages**: - Several moving averages (20, 50, 100, 200 EMA) are displayed. - The shorter-term EMAs (20 and 50) are starting to slope upwards, aligning with the bullish trend. - The price has broken above the cluster of EMAs, which can indicate bullish strength. 3. **Projection**: - The purple arrow suggests a scenario where the price may continue rising toward the upper channel boundary. - A potential pullback to the support line of the channel is anticipated before another upward push. 4. **Key Levels**: - Resistance: The top boundary of the channel near 1.0500-1.0540. - Support: The lower boundary of the channel near 1.0380-1.0400. 5. **Possible Trade Setup**: - A buy opportunity could arise if the price retraces to the lower boundary or EMA cluster before resuming the upward movement. - Targets could be set near the upper channel resistance (1.0500+). - A break below the channel would invalidate this bullish scenario.
Long
by TRADE_CENTER_1
Fundamental Market Analysis for December 30, 2024 EURUSDThe EUR/USD pair has risen for the third consecutive day, trading around the 1.04300 mark during Asian hours on Monday. This rise can be attributed to the remarks made by Robert Holtzmann, a member of the Governing Council of the European Central Bank (ECB).On Saturday, the ECB's Holtzmann said that the central bank's next interest rate cut could be more protracted after the recent rise in inflation, as reported by Reuters. He also said: 'I don't see a rate hike at the moment'. 'One plausible scenario is that Trump's tariffs will lead to slower growth overall and also create inflationary pressures'. Moreover, the upside potential of the EUR/USD pair could be limited as markets continue to digest the US Federal Reserve's (Fed) aggressive bias.The Fed cut the benchmark interest rate by a quarter point at its December meeting, and recent dot plots point to two rate cuts next year. However, earlier this month, Fed Chairman Jerome Powell indicated that officials will be cautious about further rate cuts after the expected quarter-point rate cut.The Fed's aggressive outlook is likely to support the US dollar and boost EUR/USD in the near term.Economists generally expect the incoming administration of President-elect Donald Trump to implement tax cuts, tariffs and deregulation, measures expected to spur inflation. This could prompt the U.S. central bank to adjust its forecast for the coming year. Trading recommendation: We follow the level of 1.04000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
Good opportunity to buy EURHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
by QQGuo-Shane
EU ideaEUR/USD moves higher to near 1.0430 in a thin trading volume day, while its broader outlook remains weak amid a firm US Dollar. Investors expect the ECB to reduce its Deposit Facility rate by a further 100 bps next year. US Initial Jobless Claims for the week ending Dec 20 surprisingly fell to 219K. EUR/USD rises to near 1.0430 in Friday’s North American session amid thin trading following the Christmas and Boxing Day holidays. The major currency pair gains as the US Dollar (USD) ticks lower despite firm expectations that the Federal Reserve (Fed) will follow a gradual policy-easing path as inflation has rebounded slightly in the last three months. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, struggles to hold the crucial support of 108.00. The performance of the USD has remained upbeat in the last few months in part by expectations of firm growth under the administration of United States (US) President-elect Donald Trump and growing speculation of a slowdown in the Fed’s easing cycle.
by EZIO-FX
Short Setup: Key Resistance and Retail Stop Hunt OpportunityThis analysis presents a short setup idea based on retail trader sentiment and market structure. Currently, 62% of retail traders are positioned long, suggesting a contrarian approach. The recommended short entry is in the resistance zone between 1.0450 and 1.0460, once the price reaches this area. This zone aligns with the 61.8% Fibonacci retracement level, a key resistance level, and is also where the retail traders' stop-losses are likely positioned, adding further confluence to the setup. The take-profit targets (TP1, TP2, and TP3) are aligned with key Fibonacci levels and market structure. The strategy aims to capitalize on the anticipated downward movement.
Short
by Aliguel
EUR/USD Daily Chart Analysis For Week of Dec 27, 2024Technical Analysis and Outlook: During the current abbreviated trading week, the Eurodollar is exhibiting a narrow trading range above the Outer Currency Dip level of 1.035. Current analysis suggests that the Euro is poised to resume its upward trajectory, with anticipated targets of Mean Resistance 1.051 and a potential extension to Mean Resistance marked at 1.060. It is important to note that a pull-down movement may occur towards Mean Support at 1.039; with a possible retest of the completed Outer Currency Dip level of 1.035, before resuming the upside movement.
by TradeSelecter
EURUSD (4H): HIGH-RISK UPTRENDTP2 @ 1.0521 TP1 @ 1.0440 BLO1 @ 1.0401 📈 BLO2 @ 1.0388 ⏳ -SL @ 1.0340 🚫 SUPPORT LEVELS 1.0402 and 1.0388: Immediate support levels where price may bounce upward if tested. 1.0366: A critical level to watch. If the price drops below this, the bullish outlook weakens significantly. RESISTANCE LEVELS 1.0440: The first major resistance zone. The price must break above this level to continue upward. 1.05214: Your target. This is a significant resistance area, with potential for profit-taking as it aligns with long-term technical factors. OSCILLATORS (Momentum-Based Indicators) RSI (49.25): Neutral. This indicates the market is neither overbought nor oversold This allows room for movement in either direction. Momentum (10): Bullish. This suggests upward pressure, supporting your target of 1.05214. MACD: Indicates a "Buy," confirming mild bullish momentum. MOVING AVERAGES (Trend Indicators) Short-Term MAs (10, 20 periods): Bullish. These suggest the current uptrend has support for the next move. Medium-Term MAs (50, 100 periods): Bearish. These indicate resistance in the zone of 1.046–1.052. Long-Term MAs (200 periods): Bearish. Reinforces that 1.05214 is a significant resistance area. KEY INDICATORS Volume Weighted Moving Average (VWMA): "Buy" at 1.04036, showing bullish volume activity. Ichimoku Base Line: Neutral at 1.03953, reflecting the consolidation phase. ANTICIPATORY TREND to 1.05214 Clear Immediate Resistance at 1.0440 This level represents the first barrier to upward movement. A breakout above 1.0440, confirmed by strong bullish candlesticks or increased volume, is essential for continuation. CLOSE ABOVE Resistance at 1.046–1.048 This range aligns with medium-term moving averages. Expect the price to slow down or consolidate here before pushing higher. BREAKOUT to 1.05214 Once the price sustains above 1.048, the path to 1.05214 becomes more likely. Be prepared to take profit or adjust positions, after a breakout POSITION MANAGEMENT Entry: If already in a position, hold and monitor the price’s interaction with 1.0440. Adding to Position: Consider adding only after a confirmed breakout above 1.0440. 1.0440: Partial profit-taking is advised as this level represents significant resistance. 1.05214: Close or scale out the majority of your position as this is your final target. Place a stop-loss below 1.0388 or 1.0366 to protect against downside risk. Watch for invalidation signs like price rejection at 1.0440 or sustained movement below 1.0366.
Long
by ProfessorCEWard
Euro in Trouble? EUR/USD Sell Signals Emerge!As we analyze the current market conditions for the EUR/USD currency pair, the signals from the EASY Trading AI strategy indicate a clear selling opportunity. We're looking at an entry price of 1.04151, with a take profit target set at 1.03936333 and a stop loss at 1.04332333. The reasoning behind this sell forecast centers on recent economic data suggesting weakening fundamentals for the Eurozone. Declining manufacturing output and mixed economic indicators have raised concerns about the euro's stability. In contrast, the U.S. economy shows signs of resilience, with positive job growth and a steady consumer sentiment. This disparity creates an environment favorable for a downward trend in the EUR/USD pair. Additionally, technical analysis reveals that the pair is testing a critical resistance level, providing an opportune moment to sell. The alignment of fundamental and technical factors supports a bearish outlook, making the entry point compelling. Traders are encouraged to consider these factors when planning their trades and to stay updated with signals from the EASY Trading AI system, as they adapt strategies dynamically to market changes. As always, ensure you manage your risks while capitalizing on market opportunities.
Short
by ForexRobotEasy
EUR/USD: Precision Trading with SMC and ICT StrategiesFX:EURUSD EUR/USD: Precision Trading with SMC and ICT Strategies Analysis: Price Action Analysis: The chart shows the EUR/USD pair on a 1-hour timeframe. The price is currently at 1.04108. There is a significant drop followed by a consolidation phase. Key support and resistance levels are marked, with a strong high at around 1.047 and a strong low at around 1.039. Smart Money Concepts (SMC): The chart highlights an Order Block (OB) around the 1.047 level. There is a Fair Value Gap (FVG) marked, indicating potential areas of price imbalance. The Relative Balance (RB) is noted, suggesting equilibrium in the market. ICT (Inner Circle Trader) Strategy: Fibonacci retracement levels are drawn from the recent high to low, with key levels at 0.786 (1.04762912), 0.705 (1.0462586), 0.618 (1.0447856), and 0.5 (1.04279). The price is currently near the 0.382 level (1.0407344), indicating a potential retracement zone. The chart also shows Equal Lows and Strong Lows, which are potential liquidity zones. Indicators: RSI is at 56.61, indicating a neutral to slightly bullish momentum. MACD shows a potential bullish crossover. Volume Profile indicates high trading activity around the current price level, suggesting strong support. Buy Signal: entry: 1.04108 tp1: 1.04478 tp2: 1.04762 sl: 1.03967 Sell Signal: entry: 1.04762 tp1: 1.04478 tp2: 1.04108 sl: 1.05000 Follow @Alexgoldhunter for more strategic ideas and minds
by Alexgoldhunter
GBPUSD LOTTO MONEYKey Supply and Demand Zones: Demand Zones (Support): 1.2500 - 1.2475: Multiple tests of this area indicate significant buyer interest. This zone aligns with psychological support and the recent low. 1.2430 - 1.2400: Historical support zone where buyers stepped in during previous downtrends. Supply Zones (Resistance): 1.2550 - 1.2575: Overlapping with the 50 EMA on shorter timeframes, this area represents a near-term resistance zone. 1.2640 - 1.2650: Major supply zone reinforced by the 200 EMA on higher timeframes. Price will need significant bullish momentum to break above this level. Targets: Upside Targets: Target 1: 1.2550 (near-term resistance). Target 2: 1.2600 - 1.2640 (upper range and next key resistance). Downside Targets: Target 1: 1.2500 - 1.2475 (immediate demand zone). Target 2: 1.2430 - 1.2400 (next key support). Trade Scenarios: Scenario 1: Bearish Continuation Setup: Wait for a rejection near the 1.2550 - 1.2575 resistance zone. Entry: Short position around 1.2545 - 1.2560. Stop Loss: Above 1.2580. Take Profit: Target 1: 1.2500. Target 2: 1.2475. Reasoning: The pair remains in a downtrend with clear resistance at 1.2550. RSI and MACD are neutral-to-bearish, supporting the continuation of the trend. Scenario 2: Bullish Reversal Setup: Look for a bounce from the 1.2500 - 1.2475 demand zone. Entry: Long position near 1.2505 - 1.2485 (on confirmation like a bullish engulfing candle). Stop Loss: Below 1.2465. Take Profit: Target 1: 1.2550. Target 2: 1.2600. Reasoning: If the demand zone holds, the pair could retrace higher to test near-term resistance. Oversold RSI on smaller timeframes supports a potential bounce. Scenario 3: Breakout Play Setup: If the price breaks and closes above 1.2575. Entry: Long position above 1.2580. Stop Loss: Below 1.2550. Take Profit: Target 1: 1.2600. Target 2: 1.2640. Reasoning: A breakout above resistance would invalidate the bearish trend and signal a short-term reversal toward the next supply zone. Indicators to Watch: RSI: A divergence near key zones (e.g., higher lows on RSI while price forms lower lows) can signal reversals. MACD: Watch for crossovers near key zones for momentum confirmation. VWAP: Currently near 1.2529, acting as dynamic resistance. A break above this level would strengthen bullish momentum. Risk Management: Keep risk-to-reward ratio at 1:2 or better. Position sizing should account for stop-loss distance and overall account size.
by DerrickJerry
EURUSD - Euro in the new year!The EURUSD currency pair is below the EMA200 and EMA50 in the 4-hour time frame and is moving in its downward channel. Maintaining the drawn upward trend line will lead to the continuation of the upward trend towards the top of the channel. In the Eurozone, inflation, which peaked at 10.6% in 2022, has been steadily declining and has approached the European Central Bank’s 2% target since early this year. Economists at Vanguard have projected: “Amid weak economic growth, we expect both headline and core inflation to fall below 2% by the end of 2025.” The OECD forecasts that the Eurozone’s annual growth will reach 0.8% this year and rise to 1.3% and 1.5% in 2025 and 2026, respectively. However, 2025 could present significant challenges for the Eurozone’s economic activities, particularly with the anticipated U.S. tariff policies. Mastercard reported that total U.S. retail sales during this holiday season grew by 3.8%.Online shopping remained the preferred choice for consumers, experiencing a 6.7% growth compared to last year. Additionally, retail sales, excluding automobiles, increased by 3.8% from November to December 24 compared to the same period last year. Inflationary risks in the U.S. remain prominent, partly influenced by President Trump’s proposed policies, particularly on tariffs and immigration. Consequently, consumer spending, a key driver of U.S. economic growth since the pandemic, might face challenges as trade policies affect the prices of imported goods, including apparel, vehicles, and steel. According to the latest U.S. jobs report, the economy added 227,000 new jobs in November, while October’s job gains were revised to 36,000. The average monthly job growth in 2024 was approximately 180,000. Unemployment rose to 4.2% in November, exceeding expectations. Despite this increase, the U.S. long-term unemployment rate remains historically low. Wage growth in November was consistent with October’s figures, showing a 0.4% monthly and annual increase, slightly above market expectations. Overall, the U.S. labor market is showing clear signs of easing contractionary pressures. Silvercrest Asset Management Group analysts expect job growth to persist due to the high number of open positions. According to the latest JOLTS report, there were 7.74 million job openings in the U.S. as of October. While this is significantly lower than the 12 million openings during the pandemic, it remains above the typical 6-7 million range seen in the late 2010s. In the Eurozone, the October employment report revealed a historically low unemployment rate of 6.3%. This indicates that the anticipated economic slowdown and hiring reductions have not yet significantly impacted labor market stability. Meanwhile, wage growth in the Eurozone reached a record high of 5.5% this year, potentially adding inflationary pressures. Economists at Vanguard anticipate that, with Germany’s economic growth slowing sharply, the Eurozone’s unemployment rate will rise to above 6% by the end of 2025. Analysts at Goldman Sachs share this outlook, stating: “Given our forecast for weaker economic growth, we expect unemployment to rise next year, reaching 6.7% by early 2026. Additionally, we anticipate wage growth to decline to 3.2% by the end of Q4 2025, as wage adjustment trends conclude and the labor market softens.”
Long
by Ali_PSND
EURUSD: Ready for a Tactical Upswing?As we dive into the latest forecast for the EURUSD pair, the EASY Trading AI Strategy signals a promising buy opportunity. The recommended entry is at 1.03961, with a take profit target of 1.03986667 and a stop loss at 1.03911667. This setup indicates a modest upward trajectory, aligning with the current market indicators. The EURUSD pair is showing signs of a potential upswing based on recent technical analysis and market dynamics. Key support levels have held firm, suggesting a foundation for the anticipated recovery. Moreover, macroeconomic factors, such as improvements in Eurozone economic data and stabilizing interest rates, further back this bullish sentiment. The EASY Trading AI system, renowned for its precision and adaptability, highlights market inefficiencies that often lead to profitable trading windows. By relying on real-time data and historical trends, this system identifies the current market condition as ripe for a rebound. Traders are encouraged to consider these indicators in their strategy, leveraging the time-tested approach of the EASY Trading AI Strategy. By entering at 1.03961 and aiming for the take profit at 1.03986667, traders can optimize their gains while keeping risk in check with a disciplined stop loss at 1.03911667. Whether you trade manually or utilize automated solutions like the bots we've developed, adapting to these insights can enhance trading performance. Stay connected with our Telegram signal service or explore our Metatrader 5 algorithms for seamless integration into your routine. With careful monitoring and strategic adjustments, seize this opportunity for a profitable EURUSD trade!
Long
by ForexRobotEasy
Holiday Trading Update: Christmas Eve Market Overview.As we approach Christmas Eve, it's important to note the shortened trading hours in the US. The stock market will close early at 1 PM, while the US bond market will close at 2 PM. Currency Market Overview The USD is showing a mixed performance against major currencies: EUR: +0.12% JPY: -0.04% GBP: -0.15% CHF: +0.18% CAD: +0.32% AUD: +0.27% NZD: +0.23% US Stock Market Snapshot US stocks are mixed following yesterday's rise: Dow: -25 points S&P: +6.05 points Nasdaq: +43 points US Debt Market Yields have shown marginal changes: 2-year: 4.353%, up 0.3 bps 5-year: 4.454%, up 0.9 bps 10-year: 4.606%, up 0.8 bps 30-year: 4.796%, up 1.3 bps Global Economic Updates Reserve Bank of Australia (RBA) The RBA released its minutes, noting that its policy remains "sufficiently restrictive" to address inflation concerns. Despite gaining confidence that inflation has eased, risks persist. The board highlighted the importance of not prematurely easing policies and acknowledged that if economic growth strengthens, a prolonged delay in rate adjustments might be necessary. Updated forecasts for inflation and growth will be published in February. Japan's Finance Minister Finance Minister Kato emphasized the importance of ensuring currency stability to reflect economic fundamentals, particularly in light of recent sharp foreign exchange movements. He stated that the government would maintain close communication with overseas authorities on forex policies and was prepared to take decisive action against excessive volatility. European Central Bank (ECB) ECB's Vujčić reiterated that interest rate adjustments would continue as long as data align with projections, emphasizing the central bank's data-dependent approach. He refrained from specifying the exact level at which the ECB might halt rate hikes, underscoring the uncertainty tied to future economic conditions. US Economic Data The Richmond Fed index will be released at 10 AM ET, with expectations at -10 versus -14 last month. The US Treasury will auction 5-year notes at 1 PM. Yesterday, the Treasury auctioned 2-year notes with a 0.1 bp tail and a bid to cover ratio of 2.73X versus the 6-month average of 2.68X. Domestic buyers were very light at 6.7% versus the average of 19.5%, but international buyers showed up, taking 82.1%, well above the average of 68.1%. Technical Analysis EUR/USD The EUR/USD is trading around its 100-hour moving average (MA) at 1.0403, a key short-term barometer for buyers and sellers. A move above this level could signal a more bullish trend, while staying below it would indicate that sellers are in firm control. USD/JPY The USD/JPY remains in a narrow trading range, currently at 157.12. The rising 100-hour MA at 156.42 is quickly approaching, which will be an important level to watch. Key levels include the high from November at 156.739 and the low from yesterday at 155.94. GBP/USD The GBP/USD is stretching higher, moving closer to the falling 100-hour MA at 1.2563. Breaking above this level would target a swing area between 1.2596 and 1.26147, followed by the 200-hour MA at 1.26201. Season's Greetings from OakleyJM As we approach this festive season, I wanted to extend my warmest wishes to all my followers. May your Christmas be filled with joy, and may the New Year bring you prosperity and success in your trading endeavours.. Navigating the markets during the holidays can be challenging due to reduced liquidity, unexpected volatility, and market closures. Here are a few tips to help you prepare: Plan Ahead: Be aware of trading schedules and adjust your plans accordingly. Manage Risk: Use tighter stop-loss orders and reduce position sizes. Stay Informed: Keep up with the latest news and economic data releases. Use Limit Orders: Ensure you get the price you want despite wider bid-ask spreads. Focus on Liquidity: Trade assets with higher liquidity, such as major currency pairs or blue-chip stocks. Review Your Strategy: Analyse your performance and set goals for the upcoming year. Wishing you a Merry Christmas and a prosperous New Year! Warm regards, OakleyJM.
by OakleyJM
Fundamental Market Analysis for December 24, 2024 EURUSDIn the early Asian session on Tuesday, the EUR/USD exchange rate has been trading with small losses near 1.04000. This is due to expectations that the US Federal Reserve (Fed) will cut rates less frequently in 2025, which is providing some support to the dollar. Trading volumes are likely to be low ahead of the holiday trading week. The resumption of the Fed's 'raise rates longer' policy will be a key factor in the final trading days of the year, which could provide significant upside for the US Dollar (USD).Last week, the U.S. central bank cut the benchmark interest rate by another quarter point, as per the latest quarterly schedule. The Fed committee has revised its expectations for rate cuts in 2025 and beyond. The Fed now forecasts a rate cut of just 50 basis points (bps), or two rate cuts, compared to four quarter-point cuts.Across the pond, the euro (EUR) is weakening amid rising bets for further rate cuts by the European Central Bank (ECB).ECB President Christine Lagarde said on Monday that the Eurozone is "very close" to meeting the medium-term inflation target set by the ECB, according to the Financial Times on Monday. She also stated that the central bank would consider further cuts to interest rates if inflation continues to fall towards the 2 percent target, as curbing growth is no longer necessary. Trading recommendation: We follow the level of 1.04000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004