USDEUR trade ideas
Buying opportunities on EURUSDYesterday, EURUSD saw a sharp spike after reports that Trump might fire the Federal Reserve Chair.
Although this wasn’t confirmed, the news triggered short-term volatility before the market settled down again.
At the moment, EURUSD is reacting to key support levels. Watch for the formation of a higher low and potential signs of a new bullish move.
The goal remains a breakout above the previous high and continuation of the main uptrend.
EURUSD – Weakness emerges at descending channel resistanceEURUSD remains within a well-defined descending channel and was recently rejected at the upper trendline – a key dynamic resistance zone. Price action shows the recovery is limited around 1.16600, with multiple FVG (Fair Value Gap) zones reinforcing the potential for further downside.
On the news front, the euro remains under pressure as Eurozone inflation data brought no surprises, while the US dollar is supported by June’s PPI rising exactly as expected at 0.2%. This combination leaves EURUSD with little momentum to break higher, making a move back toward the 1.15300 support area a scenario to watch.
If the price fails to break above 1.16600 and forms a lower high, the bearish trend will be further confirmed. Keep an eye on price behavior around the FVG zones to identify optimal entry points.
Bearish Momentum Builds Below Broken Support
Hello everybody!
Price is in a strong bearish trend and has broken a support area, which we now expect to act as resistance.
The break of the upward trendline adds a second confirmation to take a short position.
The target is around 1.14990.
The stop loss is placed beyond the downward trendline and will be trailed along with it.
If the downward trendline is broken, the short position will be invalidated.
EUR/USD Technical Outlook: Bearish Momentum Builds Below Key ResEUR/USD has broken down from its recent highs near the 1.1750 resistance area, which coincides with the 78.6% Fibonacci retracement level. The pair is now trading around the 1.1600 handle, slipping below a short-term support zone near 1.1576. This breakdown signals potential continuation of bearish pressure in the coming sessions.
The 50-day SMA (1.1477) remains upward sloping, but the price action has now decisively turned lower, with a series of lower highs forming after the July peak. The MACD histogram is fading, indicating waning bullish momentum, and the RSI has dropped to 47.7—losing the bullish bias and heading toward bearish territory.
If EUR/USD cannot reclaim the 1.1576–1.1600 zone quickly, a deeper pullback toward the 50-day SMA or even the 1.1450–1.1500 range may unfold. On the upside, bulls would need to push back above the 1.1750 resistance to regain control, but given the loss of momentum and structure, the near-term bias favors the bears.
-MW
Euro/U.S. Dollar (EUR/USD) 4-Hour Chart - OANDA4-hour performance of the EUR/USD currency pair. The chart shows a recent upward trend peaking around 1.16241, followed by a sharp decline to approximately 1.15452. Key levels include a high of 1.17245 and a support level around 1.16478, with a highlighted area indicating a potential consolidation or reversal zone.
EURUSD could see further downside potentialFundamental:
The euro slipped as mixed ECB signals and political jitters pressured sentiment. ECB President Lagarde reiterated that borrowing costs will remain restrictive 'as long as needed,' even as inflation eases and economic activity stabilizes.
Renewed political tensions in France and soft German industrial data also weighed on the euro, though stronger services PMIs offered a modest offset. At the same time, the dollar held firm after a hotter US CPI print reduced the likelihood of near-term Fed rate cuts, keeping EURUSD near a three-week low.
Technical:
EURUSD retreated below the resistance at 1.1800 and within the ascending channel. If the price extends its decline, it could approach the support at 1.1450. Conversely, a break above the resistance at 1.1800 could prompt a further rise toward the resistance at 1.1920.
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
EURUSD Will Go Down! Short!
Take a look at our analysis for EURUSD.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.161.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.159 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD – From Structure to Shift
1H Technical Outlook by MJTrading
EURUSD moved cleanly through a sequence of structural phases:
• Previous Base
• Multi-day Consolidation (potential quiet accumulation)
• Transition into a well-respected Descending Channel
Price has since shown repeated rejections from the upper boundary, including a decisive selloff from the 1.1750 zone, forming what we now label a "Pressure Gap" — a space where aggressive sellers overwhelmed price.
🧭 Key Scenarios Ahead:
🔻 Bearish Continuation:
Breakdown below 1.1700 opens room toward:
• 1.1640 (channel bottom)
• 1.1600 Liquidity Zone
Watch for impulsive sell candles + EMA rejection
🔁 Short-Term Bounce or Trap:
Holding above 1.1700 could spark a rebound toward 1.1750
This may serve as a final test before another leg lower
Only a clean break and hold above 1.1763 flips structure bullish
🔍 Bonus Confluence:
1D Chart shows broader bullish context (inset)
EMAs tightening = expect volatility burst
Well-defined structure gives clear invalidation and targets
Every trend tells a story — from base building to breakout, and now a possible breakdown. Trade the structure, not the prediction.
#EURUSD #Forex #TradingView #TechnicalAnalysis #PriceAction #DescendingChannel #LiquidityZone #SmartMoney #MJTrading
EURUSD: Consolidation Phase Nearing the Main Trend!!Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.16100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.16100 support and resistance area.
Trade safe, Joe.
EURUSD H1 I Bullish Rise Based on the H1 chart analysis, the price is approaching our buy entry level at 1.1603, a pullback support.
Our take profit is set at 1.1641, a pullback resistance that aligns with the 50% Fib retracement.
The stop loss is placed at 1.1579, an overlap support.
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EURUSD – Bullish Momentum ReturnsEURUSD is gradually breaking free from downward pressure as it breaches the short-term accumulation structure, aiming for the resistance zone around 1.1720. On the chart, a clear bullish trend is emerging, supported by FVG signals reinforcing the recovery.
On the news front, expectations are rising that the European Central Bank will maintain a tighter policy stance for longer, as core inflation in the Eurozone remains elevated. Meanwhile, the USD is under corrective pressure following last week’s lower-than-expected U.S. CPI data. Upcoming statements from ECB and Fed officials today will be key in determining the next move for this currency pair.
Unless a surprise arises from the U.S. side, EURUSD is likely to sustain its short-term upward momentum and test the next technical resistance area.
EUR/USD long: Save the dateHello traders
I have entered into a long position at 1.1665.
The charts show a base being built right around that level.
DXY is ticking down but US 10Y yield is steady.
Bitcoin at an all time high is in my opinion not a sign of risk on but rather USD liquidation in favor of BTC.
Gold has just broken above the last daily high.
There are rumors making the rounds that FOMC Powell is considering resigning which will be negative for the USD. Keep in mind, Jerome Powell is the spokesperson for the FOMC, not the only voting member.
7/30/2025
FOMC rate decision
7/31/2025
The Federal Appeals Court starts hearing arguments for the use of IEEPA to impose sweeping tariffs that was declared unlawful by the Court of International Trade located in Manhattan, NY.
August 2025
More threatened tariffs may start.
Things are heating up.
Best of luck.