USDEUR trade ideas
What is Next for EUR/USD? FenzoFx—EUR/USD formed a hammer candlestick pattern during the London session, above the 50-period simple moving average. The critical support level that stands between the bull and the bear market rests at $1.1327.
The bullish trend is likely to resume if the price remains above the support level. In this scenario, the next target could be the previous day's high at $1.1380, followed by $1.1450.
EURUSD - Bias: Bullish Timeframe: DailyEURUSD continues to respect bullish market structure, consistently forming higher highs and higher lows on the daily chart.
We recently saw a clean retest and rejection of 1.12372, and if you entered there, you're currently sitting on a +100 pip move.
We're now watching for continued bullish pressure and looking for:
🟢 Buys:
Pullbacks to 1.12372 (support holds = re-entry opportunity)
Clean break and retest of 1.14149 → targeting a move back to previous highs and then a potential higher high beyond that
🎯 Upside Target:
→ 1.14149 for an additional 170 pips from support entries
Price action remains bullish as long as 1.12372 holds. A break of that level would require a reassessment.
Fundamental Market Analysis for May 7, 2025 EURUSDEURUSD:
EUR/USD failed to hold on Tuesday, marking a new short-term consolidation range near the key 1.1300 mark as traders wait for a reason to move. The key event this week is the Federal Reserve (Fed) rate announcement in the middle of the week, which has pinned investor sentiment to the pole for now.
The Fed's upcoming rate decision on Wednesday remains the focus of markets this week. While many expect the Fed to maintain current rates, investors will be closely monitoring comments from policymakers, especially Fed Chairman Jerome Powell, for any signs that the shift to a rate-cutting cycle may occur sooner than expected.
Recently, the Fed has been facing increasing pressure to lower interest rates. Market participants have consistently sought lower funding costs, and the Trump administration has been particularly vocal in insisting that the Fed must cut rates to ease the cost of servicing US debt. However, this stance runs counter to the Fed's dual mandate of promoting full employment and controlling price stability, which President Donald Trump does not appear to be taking into account.
Trading recommendation: BUY 1.1350, SL 1.1330, TP 1.1440
EUR/USD Bullish Reversal from Support – Targeting Range High🧠 Analysis Idea Summary:
1. Support Zone:
The highlighted yellow box at the bottom is marked as "SUPPORT".
Price has bounced from this zone multiple times (see green arrows), showing demand and buyer interest here.
2. Target Zone:
The top yellow box is marked as "TARGET", indicating a potential resistance or profit-taking area.
The price has previously reacted here, reinforcing it as a logical upside objective.
3. Trend Context:
The 50 EMA (red) is just above the current price level (~1.13376), indicating a short-term resistance that could be tested or broken.
The 200 EMA (blue) is far below, reinforcing that the larger trend may still be bullish unless the support breaks.
4. Pattern Suggestion:
The black arrow suggests a bullish scenario: a short pullback followed by a continuation to the target zone.
This resembles a range breakout trade or support-to-resistance bounce setup.
5. Risk-to-Reward:
Long entry near support offers a favorable risk/reward ratio targeting the top of the range.
✅ Possible Trading Plan (Not Financial Advice):
Entry: On pullback after recent bounce confirmation near 1.13100–1.13300.
Stop Loss: Below support zone (e.g., under 1.12800).
Take Profit: At the top of the range (~1.14300–1.14500).
EURUSD May 6 Trade ExecutionEURUSD
May 6 Trade Execution
Coming into Asia Price was in a discount on the previous range and had been in a reversal from NY 9 am macro, that retraced and then consolidated.
Once Price expanded to the minor equal lows into a FVG I started to hunt for the model 2022 form.
Was also crossing referencing with DXY and GBP to frame this trade.
When DXY and GBP started to turn and break structure I suspected that the lower noted equal lows price was going to seek higher prices.
Price expands at 20:00 taking the liquidity noted equal lows.
Analysis taken from the 1 min chart
Prices weaves in a small consolidation
21:33 price creates displacement and a FVG
21:40 prices creates another FVG
21:50 price creates another FVG
21:56 I entered
First target 1.13331
Second target 1.3448
Third target 1.13449
Amazing to get up and analyze to discern a narrative about what I suspected price would do in Asia and for it to complete my 3 targets doesn't get any sweeter than that.
Rinse wash and retrade this model when it forms.
Why Financial Clarity Comes Before Any Forex Trade?Before any strategy or setup, I ask one thing: is my personal financial foundation strong enough to support this trade?
In this reflection, I explore the direct impact that personal finance management has on trading performance — not as an abstract idea, but as a daily reality. When financial clarity is missing, emotional decision-making creeps in. When it’s present, I trade with more patience, discipline, and perspective.
This is not trading advice. It’s a caution to those who see trading as a way out, rather than something built upon stable ground.
Guess what? I am on a Demo Account. I will keep on trading on a Demo Account until I know that I have a solid risk management plan and a trading methodology that both will give me consistent profits.
The whole Idea with personal finance management in forex trading is to know whether you can afford trading and once you know the answer to that what is your game plan.
Just a quick hint.. If your answer is no; meaning that today you cannot afford trading, don't be discouraged, there is still a plan that can be designed. Actually, I think the ones who cannot afford trading are in a better positions than those who can.
The ones who cannot afford trading today, can easily start learning without having the itch to open a live account.
EURUSD INTRADAY bullish consolidation supported at 1.1240Trend Overview: The EUR/USD currency pair remains in a bullish trend, supported by a prevailing uptrend. The recent intraday price action suggests a sideways consolidation (coiling price action) possibly triggering a corrective pullback towards a newly formed support zone, previously a resistance level.
Key Levels to Watch:
Support Levels:
1.1240 – Previous resistance turned support, key level for potential bounce.
1.1144 – Secondary support level if 1.1240 fails.
1.1000 and 1.0890 – Stronger support in case of extended retracement.
Resistance Levels:
1.1475 – Initial resistance level on the upside.
1.1595 – Next target if bullish momentum continues.
1.1700 and 1.1830 – Long-term resistance and key breakout point.
Market Sentiment & Price Action: The recent corrective pullback aligns with normal market fluctuations within an uptrend. A bullish bounce from the 1.1240 support level could trigger an upside move, targeting the 1.1475 resistance level and potentially extending towards 1.1595 and 1.1700 – 1.1830 over a longer timeframe.
Alternatively, a confirmed loss of the 1.1240 support, accompanied by a daily close below this level, would weaken the bullish outlook. This could lead to further downside pressure, potentially testing the 1.1144 level, with an extended decline towards 1.1000 and 1.0890 if selling pressure intensifies.
Conclusion: The EUR/USD pair remains in a bullish structure as long as the 1.1240 support holds. A successful bounce from this level would reinforce the uptrend, targeting higher resistance zones. However, a decisive break below 1.1240 and a daily close under this level could shift sentiment bearish, leading to further downside retracement.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The Day AheadTuesday, May 6 – Financial Trading Summary & Relevance
Key Data Releases:
US March Trade Balance – Important for assessing the strength of US exports vs. imports. A larger deficit may weigh on USD; narrower gap may support it.
China April Caixin Services PMI – Insight into China's private service sector. Stronger data could lift global risk sentiment and commodity-linked currencies (e.g., AUD).
UK April Data:
Official Reserves Changes – Minimal short-term trading impact.
New Car Registrations – Reflects consumer sentiment and demand; relevant for UK auto stocks and GBP sensitivity.
France March Industrial Production – A leading gauge for Eurozone growth; stronger output may support EUR.
Italy April Services PMI – Adds to Eurozone PMI sentiment; market-moving for EUR if deviating significantly.
Eurozone March PPI – Inflation gauge; higher-than-expected may raise ECB hawkishness bets, boosting EUR and yields.
Canada March Trade Balance – Important for CAD traders; strong trade could support CAD.
Major Earnings Releases (market movers):
Tech & Growth Focus:
Palantir (PLTR) – Government & AI analytics focus; market keen on forward guidance and AI revenues.
AMD (AMD) – Key semiconductor player; crucial for tech sentiment, especially in AI chip space.
Arista Networks (ANET) – Cloud and networking performance gives insights into broader tech infra spending.
Datadog, Astera Labs – Watch for cloud and AI-related growth signals.
Consumer & Travel:
Marriott (MAR) – Key for travel demand trends.
Zoetis – Animal health; solid defensive sector performer.
Coupang – Insight into Asian e-commerce and consumer health.
Autos & Industrials:
Ferrari, Rivian – Luxury vs. EV sentiment; Rivian earnings especially key for EV sector momentum.
Vestas – Wind energy indicator; watch for green transition spending trends.
Financial & Healthcare:
Intesa Sanpaolo – Italy’s largest bank; insight into Eurozone financials.
IQVIA, Fidelity – Relevant for healthcare services and asset management outlook.
Bond Market:
US 10-Year Note Auction – Closely watched for investor demand amid shifting Fed rate expectations. Weak auction = higher yields = USD strength.
Trading Relevance Summary:
FX: EUR, GBP, CAD and USD sensitive to economic prints (trade, PMIs, inflation).
Equities: Focus on tech (AMD, Palantir, Datadog), EVs (Rivian), and industrials (Ferrari, Vestas).
Bonds: 10-yr auction could set tone for yields.
Commodities: China services PMI may influence oil and metals via demand expectations.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Euro Pressured Ahead of Fed DecisionThe euro is trading around $1.1315 on Tuesday, pressured by a stronger U.S. dollar ahead of the Federal Reserve’s policy decision, where rates are expected to remain unchanged. However, the dollar still faces headwinds from doubts over its safe-haven appeal and President Trump’s unpredictable tariff stance. A dovish Fed or continued skepticism toward the dollar may limit euro losses.
Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
EU – Sniper Precision Off the 5M OBMarked my 5M order block off the last sell candle before the internal break of structure. Price showed bullish reaction early, but I didn’t flinch—no need to chase or expand the zone.
Skipped the 10M OB, stayed patient, and let price build the narrative:
• CHoCH forming
• Liquidity sweep in motion
• IDM cooking
Now I’m posted, waiting for price to tap into my 5M OB and flip with a micro LH for the entry.
No guessing. No rushing. Just letting the market come to me.
Bless Trading!
UPDATE ON EUR/USD ANALYSISEUR/USD 15M - Afternoon people, I hope you are all well, sorry for my absence this morning. As some of you know I am travelling to Sydney next week and have some things I MUST finish before I fly.
Its also my birthday later on in the week as well, so please bare with me and understand this week and next maybe a little slow. Nevertheless here is an update on the market from yesterdays Sunday Sessions video.
As you can see above price went on to break structure to the upside and delivered us with a perfect opportunity to long the market, I have gone ahead and marked out the hidden order block price came to trade back down and into.
This is where we could have entered in long from this morning, setting our TP just below the last high to guarantee a TP hit and our SL below the zone we got involved in. This opportunity went on to trade 7RR