USDEUR trade ideas
EURUSD Wave Analysis – 20 May 2025- EURUSD broke daily down channel
- Likely to rise to resistance level 1.1370
EURUSD currency pair continues to rise inside the minor impulse wave (3), which started earlier from the strong support level 1.1130 intersecting with the support trendline of the daily down channel from April.
The support level 1.1130 was strengthened by the 50% Fibonacci correction of the sharp upward impulse 5 from March.
Given the clear daily uptrend, EURUSD currency pair can be expected to rise to the next resistance level 1.1370 (which stopped the previous correction B).
Trade Setup Summary – USDEUR (U.S. Dollar / Euro)!📈
Chart: 30m timeframe
🔺 Pattern: Symmetrical Triangle Breakout (Bullish Setup Attempt)
You’ve drawn a clean symmetrical triangle and price is currently testing the breakout zone.
📍 Entry Zone: Around 0.8876
Reason: Price is at the apex of triangle, possible breakout forming.
🛑 Stop-Loss (SL): Around 0.8855
Below lower triangle boundary and horizontal support
🎯 Target Levels (TP):
TP1: 0.8926 (Red resistance line)
TP2: 0.8956 (Yellow zone – minor supply)
TP3 (Optional): 0.8984 (Major resistance zone)
⚖️ Risk/Reward Ratio:
Targeting ~1:2 if trade hits TP1. Even better if extended to TP2 or TP3.
🧠 Technical Highlights:
Price compression inside triangle shows reduced volatility.
A breakout above the triangle would indicate strength.
Horizontal support (green line) holding for now.
Volume not visible but could confirm breakout strength.
✅ Bias:
Bullish above 0.8875 breakout and triangle confirmation
Bearish below 0.8855 (failed breakout)
EURUSD is moving within the 1.10850 - 1.13000 range👀 Possible scenario:
The euro rose 0.69% against the U.S. dollar on May 19, as the greenback weakened after Moody’s downgraded the U.S. credit rating—echoing earlier moves by Fitch and S\&P. The downgrade revived concerns over U.S. fiscal stability and sparked renewed selling pressure. Treasury Secretary Scott Bessent’s warning about potential tariff hikes if trade talks stall added to investor caution, raising geopolitical risk and weighing on the dollar.
On May 20, markets will watch the U.S. Consumer Confidence report (2:00 p.m. UTC), global trade developments and peace talks in Eastern Europe.
✅ Support and Resistance Levels
Now, the support level is located at 1.10850.
Resistance level is located at 1.13000.
EURUSD May 20 Failed Trade cont analysis hour to minute EURUSD May 20 Failed Trade
Hour to minute chart analysis Narrative Breakdown
Asia to London hour TF analysis
*Price expands to a discount taking minor buy side
*dips below the 50 fib, and CE of the FVG it was attempting to rebalance
*on the 15 TF the above move retraces to the .618 Monday’s previous range, classic pullback in a bull market, setting up for a long for London, my oversight
*20:30 Price launches with a visible reaction, to reverse course
*22:45 price retests the IFVG created at 20:30 bounces off
*price consolidates back to a premium
*this threw me off-I don't buy in a premium on the previous range
*clues price is going higher was price making higher lows
1:50 I entered to sell, equal highs taken and EXPECTING a sell off framing my logic from the morning not reading the HTF logic
*2:05 stopped out
Admittedly I did switch and buy after seeing my oversight and analyzing GBP/DXY logic and got stopped out
Day over.
Price did swing to equal highs that I did frame when I bought. Nice delivery with out me!
Take aways
*Scaling through all time frames for reactions at specific levels, and noting them, along with what liquidity was taken
*HTF bias is KING
*I was flexible by buying after my sell idea folded, I was not confident and hence got stopped out with a sloppy entry
*rule broken 1 trade a day-2 trades today that cost me
*after a successful trading day yesterday today I could have went to the beach
*rule broken buying in a premium!!!!
Grateful to be practicing and loosing trades are winning for the wealth of information that is provided
EURUSD May 20 Failed TradeEURUSD May 20 Failed Trade
Daily Chart Analysis
Parent range equilibrium
Previous range Premium
My idea of price selling off to inefficient delivered price action yesterday, was NOT the Marco London move.
What I over looked today on HTF analysis I see in hindsight now or what I am studying as result of being wrong.
*HFT May 12 Monday made a low to the 70 HTF fib
*Price retraces and returned to open and close in the same tight range, consolidating-building in orders
*yesterday I executed a buy day with this HTF logic of price seeking the 50 HTF fib level-last week price was in a discount and this week heading to a premium
*Yesterday Price expands to the 50 fib HTF to it and through it-celebrate my idea and trade being correct
*Price closes in a premium just above the 50 HTF fib
*Logic said intraday retracement of inefficient price to have a sell off day in London
Going to continue the breakdown of this trade on the hour to the minute.
US Credit Downgrade and Brexit Progress Lift EuroThe euro approached the $1.13 mark on Tuesday, extending its rebound from the one-month low recorded on May 12. The rally followed a broad-based weakening in the US dollar after Moody’s downgraded the US credit rating from Aaa to Aa1, citing mounting government debt and widening fiscal deficits. The downgrade sparked investor concerns about long-term US economic stability and pressured dollar-denominated assets.
The EU and UK finalized a provisional agreement addressing key post-Brexit issues such as defense, fisheries, youth mobility, and security cooperation. The deal may pave the way for UK companies to participate in major EU defense projects, marking a potential turning point in EU-UK relations.
The European Central Bank is expected to initiate a rate cut in June, with additional easing possible later in the year. Despite these expectations, the euro has held firm, buoyed by both geopolitical developments and dollar weakness.
EUR/USD now faces resistance at 1.1260, with further upside barriers at 1.1460 and 1.1580. Support lies at 1.1040, followed by 1.1000 and 1.0960.
The Day AheadTuesday May 20
Data: US May Philadelphia Fed non-manufacturing activity, China 1-yr and 5-yr loan prime rates, Germany April PPI, Italy March current account balance, ECB March current account, Eurozone March construction output, May consumer confidence, Canada April CPI, Denmark Q1 GDP
Central banks: Fed's Bostic, Barkin, Collins and Musalem speak, ECB's Wunsch, Cipollone and Knot speak, BoE's Pill speaks, RBA decision
Earnings: Home Depot, Palo Alto Networks, Vodafone
Other: G7 finance ministers and central bankers meeting in Canada (through May 22), EU's foreign and defence ministers meeting in Brussels
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EURUSD InsightWelcome to all our subscribers.
Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- U.S. President Donald Trump announced on Truth Social that he had a two-hour phone call with Russian President Vladimir Putin, during which both agreed that Russia and Ukraine should immediately begin negotiations for a ceasefire and, more importantly, an end to the war. President Putin echoed the same message to reporters and described the call as overall very productive.
- Following Moody’s downgrade of the U.S. sovereign credit rating from Aaa to Aa1 on the 16th, the “Sell USA” sentiment continues in the market.
- U.S. long-term Treasury yields have returned to levels seen before the Moody’s downgrade, indicating that the market has not reacted strongly to the news.
This Week’s Key Economic Events
+ May 20: Reserve Bank of Australia interest rate decision
+ May 21: U.K. April Consumer Price Index (CPI)
+ May 22: U.S. May Manufacturing PMI, U.S. May Services PMI
+ May 23: Germany Q1 GDP
EURUSD Chart Analysis
As expected, the pair found support around the 1.11000 level and is now forming a price pattern within the upper trend channel. It is expected to break through this area without much resistance, with a potential to reach a high around the 1.14000 level in this rally. However, if this zone is broken, there is also the possibility of further upside toward the previous high near the 1.16000 level. We’ll keep a close eye on price movements around this resistance zone.
EURUSD May 19 Delivery and May 20 IdeaEURUSD
May 20
Parent range equilibrium
Previous range Premium
Parent Bias bearish
May 19 Delivery
*Sundays delivery price expanded from a discount to rebalanced Fridays inefficient delivered price.
*Asia opened on the 50 level of the current price leg.
*London gravitated to seek many equal highs and inefficient delivered price to stopped just shy of May 9 high.
*NY in a premium retraced to 50% of the price leg lowered into a discount and closed weaving back forth around the equilibrium.
Fantastic delivery. I have never read the candles so clear as I did yesterday. Tape reading, studying ghosting life is paying off! So grateful to be learning the coolest skill!
Did we create the high of the week?
Was that a run on buy stops because this pair is shifting to bear prices?
May 20 Idea
Logic says with price previous session taking buy side liquidity price will seek discount prices today gravitating to efficient delivered price and sell side liquidity.
NOTE price could consolidate today with a huge range previous day, no news can also sometimes present choppy days.
All elements of my model MUST be in play before I do anything today.
The day after a successful trade to be extra alert. Protect your gain.
Note price did not retrace to .618 just below the 50%.
EURUSD Long IdeaHi Traders!
I'm preparing to take a long on this pair. Definitely taking a lot of patience with it consolidating in between 1.14500 and 1.12800, but the weekly looks like it's setting up. I was thinking it could fill in a little more of the imbalance from the push up past 1.2800, but the candles aren't closing that way. In addition, DXY looks like it's about to drop more.
I have a few alerts set to see where I can get the best entry. If everything goes to plan I will be looking to swing this pair up to a weekly bearish CHOCH at 1.1700. Lets see! Good luck everyone!🤞
EUR/USD – 15Min Breakdown | Major Supply Rejection After a strong rally into the 1.12543 supply zone, EUR/USD has been clearly rejected, showing signs of short-term weakness. Let’s break down the levels to watch and how I plan to trade this setup.
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Chart Breakdown:
1. Supply Zone (1.1245 - 1.1255):
Heavy selling came in as price tapped this key supply area. This zone has historically acted as a strong resistance and we’re seeing that play out again. Multiple rejections confirm its validity.
2. Immediate Support (1.11836):
This level acted as a base before the recent breakout. If price breaks below here, it opens the door for deeper retracements.
3. High Demand Zone (1.11079 - 1.1136):
This orange zone represents strong previous buying interest and is also aligned with a high-volume area. Bulls may return here.
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Bearish Plan (Short Idea):
If momentum continues bearish:
Entry: On a break + retest below 1.11836
TP1: 1.1136
TP2: 1.11079
SL: Above 1.1255 (supply rejection)
Bullish Scenario:
If price holds above 1.11836 and forms bullish structure, watch for a bounce back toward the supply zone. But for now, momentum favors sellers.
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Key Fundamentals to Watch:
USD strength driven by Fed commentary
Eurozone economic data
Risk sentiment across markets
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Let’s discuss!
Do you think EUR/USD will revisit the 1.11000s this week, or are bulls preparing a surprise? Drop your thoughts and setups below!
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#EURUSD #ForexAnalysis #SmartMoney #SupplyAndDemand #ForexTrading #PriceAction #TradingView #EURUSDAnalysis
EUR/USD - potential bearish move incoming
The daily chart shows us that the current trend is upwards with higher highs and higher lows.
On the 4 hour chart, we have price trading in a falling wedge for the past 28 days. Combining this with the daily uptrend, this current downtrend on the 4 hour is considered a pause that will eventually explode to the upside, and resume the daily uptrend
Price recently formed a red shooting star candle on high volume, signaling a short term reversal.
An opportunity exists for a short term trade targeting the nearest clustered support zone with a stop loss placed slightly outside the shooting star candle, thus granting a 1:2 RR trade.
EURUSD is set to flyIt looks like we have the perfect storm for this pair as macro news will contribute to create some bullish momentum, news liike this one of 2 days ago:
"Moody's cuts America's pristine credit rating, citing rising debt"
www.reuters.com
My technical analysis is pretty clear, we have a descending wedge that has been taking shape for the last 15 years. We had a breakout and a retest so bullish momentum can resume now.
EURUSD broke the Resistance level 1.12590 👀Possible scenario:
The euro fell 1.31% against the US dollar on May 16, despite expectations that the ECB would maintain a hawkish policy stance due to persistent core inflation. ECB President Lagarde called the recent strengthening of the euro “counterintuitive but justified,” citing waning confidence in U.S. policy.
It's quiet on the macroeconomic front on May 19, but the Eurozone Consumer Price Index at 12:00 GMT could cause some movement. Traders should also keep an eye on news on US trade policy and peace talks in Eastern Europe.
✅Support and Resistance Levels
Now, the support level is located at 1.10850.
Resistance level is located at 1.13000.
EURUSD Eyes 1.13 on Moody's Credit DowngradeThe latest rebound from head & shoulders targets on both the US Dollar Index and EURUSD was amplified by Moody’s credit rating downgrade
Markets are expected to watch the Trump administration for reassuring headlines, reasserting the 1.1290 resistance on the pair before sustaining another leg higher in line with the 2025 uptrend. Key levels near neckline zones and 2025 extremes remain in focus for H2 reassessment.
🔼 Resistance Levels: 1.1200, 1.1330, 1.1380, 1.1450
🔽 Support Levels: 1.1140, 1.1070, 1.0970, 1.0890
Written by Razan Hilal, CMT