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U.S. Dollar / Euro

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USDEUR trade ideas

EURUSD price increaseThe reactions of the euro against the dollar have been excellent, the US, with its strengthening, caused a one-month drop in other currencies such as the euro, but this increase will only last until the announcement of the election results, and will ultimately cause the dollar to fall and the price of other currencies to rise, in the analysis The return of the euro price has been determined and I had announced the fall of the dollar in previous analyzes Sasha Charkhchian
Long
by sashacharkhchian
EURUSD_106 2024.11.05 14:43:04 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08443 SL: 1.09171 Entry Price: 1.0908 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analytical news and forecasts, I will analyze the data and provide a prediction for the EUR/USD pair's price movement in both the short-term and long-term. **Short-term analysis (next few days):** * The EUR/USD pair is expected to continue its decline and test the support area near 1.0835. * A breakout below 1.0735 would cancel the growth option and indicate a continuation of the fall to around 1.0565. * The pair is showing sideways momentum, forming an upward channel on the 4-hour chart, but a break above 1.0922 could signal a move higher. * Significant FX option expiries at 1.0900 (1.7 billion EUR) could influence price action around this level. **Prediction for short-term:** The price is expected to go **down** in the short-term, with a potential test of the support area near 1.0835. However, if the pair breaks above 1.0922, it could signal a move higher. **Long-term analysis (next few weeks/months):** * The EUR/USD pair is expected to continue its growth towards the area above 1.1045 after a rebound from the upper border of the broken channel. * Technical indicators suggest a corrective advance is possible, but the risk remains skewed to the downside. * The European Central Bank (ECB) policy announcements and economic indicators, such as French Industrial Production and Spanish unemployment, could influence the pair's price movement. **Prediction for long-term:** The price is expected to go **up** in the long-term, with a potential growth towards the area above 1.1045. However, the risk remains skewed to the downside, and the pair's price movement will depend on the ECB policy announcements and economic indicators. **Stability:** The pair's price movement is expected to be **volatile** in the short-term due to the ongoing U.S. elections and significant FX option expiries. However, in the long-term, the pair's price movement is expected to be more **stable**, with a potential growth towards the area above 1.1045. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term analysis (next few days):** * The pair is expected to experience sideways momentum due to the uncertainty surrounding the U.S. presidential election and the upcoming ECB policy announcements. * Technical indicators suggest a possibility of a corrective advance, but the overall trend remains bearish. * Support levels at 1.0875, 1.0840, and 1.0805 are likely to be tested, with a potential rebound towards the resistance level of 1.0910. * Market sentiment is cautious, which may lead to increased volatility. **Expected short-term price movement:** Down (testing support levels) or sideways (due to uncertainty and caution) **Long-term analysis (next few weeks/months):** * The forecast suggests an attempt to continue the decline in the pair, followed by a potential upward price rebound and continued growth towards the area above 1.1045. * A breakout above the resistance level of 1.0975 could confirm growth for the EUR/USD pair. * Fundamental factors, such as the U.S. presidential election outcome and economic indicators from the U.S. and Europe, will influence the pair's long-term direction. **Expected long-term price movement:** Up (potential growth towards 1.1045 and above) Please note that these conclusions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days to 1 week)** Based on the current market conditions and technical analysis, I expect the EUR/USD price to remain relatively stable, with a slight bearish bias. The pair is currently trading above the $1.0872 support level, but the technical indicators such as the RSI are neutral, indicating a lack of strong momentum. The upcoming U.S. election results and key economic data releases, including the U.S. Trade Balance and ISM Services PMI, are likely to influence the pair's movement. If the support at $1.0872 fails, the pair may decline toward $1.0850 or even $1.0830. **Probability of price movement:** * Down: 55% * Up: 30% * Same: 15% **Long-term Analysis (Next few weeks to 1 month)** In the long term, I expect the EUR/USD price to rebound and continue its growth toward the area above $1.1045. The European economic data, although mixed, showed some positive signs, particularly from Germany. The revised PMI data for the Eurozone also indicated some positive momentum. The technical analysis suggests that a break above $1.0922 could signal a move higher, with a potential buy zone around $1.0872-1.0865. If the pair can close above $1.0975, it would indicate a bullish trend. **Probability of price movement:** * Up: 60% * Down: 25% * Same: 15% Overall, while the short-term outlook is cautious and slightly bearish, the long-term outlook is more bullish, with the potential for the pair to rebound and continue its growth. Result: ST=Down LT=Up
Short
by frankiepro
EUR/USD: A Key Barometer in the Closely Fought U.S. ElectionEUR/USD has taken on the role of an election barometer, reflecting the tug-of-war between the dollar’s fluctuations and shifting poll dynamics. With the U.S. presidential race on a knife-edge, let's take a look at how this currency pair is navigating election day, and the key technical levels that could shape its path in the days ahead. Why EUR/USD is an Election Barometer EUR/USD, as the most traded currency pair, often mirrors the global market’s risk appetite and its outlook on U.S. economic policies. A Trump-led administration has traditionally been seen as dollar-positive due to his pro domestic business policies, including tax cuts and tariffs aimed at protecting U.S. manufacturing. On the other hand, a Democratic win, led by Kamala Harris, is viewed as potentially softer on the dollar due to increased fiscal spending, climate initiatives, and regulatory tightening that could put pressure on U.S. growth rates. As a result, EUR/USD is acting as a gauge for the market’s reaction to each new poll release, particularly as expectations shift from a Trump victory to a Harris edge in the final days. Technical Analysis: EUR/USD on Election Day Daily Chart: EUR/USD began October in a downtrend following a September double-top reversal that sent the pair into a sustained sell-off as the dollar strengthened on Trump’s rising odds. The sell-off drove EUR/USD below both its 50-day and 200-day moving averages (MAs), signalling a shift toward bearish sentiment. However, recent developments in polling have seen the dollar weaken, enabling EUR/USD to break back above the 200-day MA—a signal that the bulls are tentatively returning. This recovery points to a potential shift in control, but today’s election volatility could test this level once again, keeping the 200-day MA as a key level to watch. Past performance is not a reliable indicator of future results Hourly Chart: Drilling down to the hourly chart reveals more granular election-driven price action. The week opened with a bullish price gap, indicating renewed dollar weakness, as polls favoured Harris over Trump. On Monday, the top of this gap served as an initial support level, providing a cushion for buyers amid elevated election tension. If EUR/USD fills this gap, the lower boundary could act as secondary support, serving as a test of whether the dollar’s pullback has further to run. Past performance is not a reliable indicator of future results Outlook: Election Scenarios for EUR/USD As the U.S. awaits election results, EUR/USD is positioned at a pivotal point. Should Harris win, the dollar may weaken further, potentially driving EUR/USD toward key resistance levels and beyond, as investors price in increased fiscal spending and regulatory changes. However, a Trump win could reverse recent sentiment, likely strengthening the dollar and pushing EUR/USD back below the 200-day MA, possibly revisiting October’s lows. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
EURUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
Euro can reach resistance line of upward channel and then dropHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to wedge, where it at once rebounded from the support line and rose to the resistance line, breaking the resistance level. Then, the price turned around and made a correction movement, below the resistance level to support line of the wedge pattern. Next, the Euro in a short time rose to the resistance line again, after which turned around and started to decline. In a short time, the price declined to the 1.1050 level, which coincided with the seller zone and broke it, thereby exiting from the wedge too and continuing to fall next. Later price fell to the 1.0840 support level, which coincided with the buyer zone and broke this level too. But then, the EUR turned around and started to grow inside the upward channel. So, soon, the price broke the support level again and even made a gap, after which continued to move up. For this moment, I think that the Euro can reach the resistance line of the channel and then drop to the support line, breaking the support level. That's why my TP is located at 1.0820 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
EURUSD_106 2024.11.05 11:50:05 Trading Signal SELLFrankPro Signal for EURUSD_106 Type: Screen Signal: SELL TP: 1.08429 SL: 1.09077 Entry Price: 1.08996 Analysis for EURUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analytical news and forecasts, I will analyze the data and provide a prediction for the EUR/USD pair's price movement in both the short-term and long-term. **Short-term analysis (next few days):** * The EUR/USD pair is expected to continue its decline and test the support area near 1.0835. * A breakout below 1.0735 would cancel the growth option and indicate a continuation of the fall to around 1.0565. * The pair is showing sideways momentum, forming an upward channel on the 4-hour chart, but a break above 1.0922 could signal a move higher. * Significant FX option expiries at 1.0900 (1.7 billion EUR) could influence price action around this level. **Prediction for short-term:** The price is expected to go **down** in the short-term, with a potential test of the support area near 1.0835. However, if the pair breaks above 1.0922, it could signal a move higher. **Long-term analysis (next few weeks/months):** * The EUR/USD pair is expected to continue its growth towards the area above 1.1045 after a rebound from the upper border of the broken channel. * Technical indicators suggest a corrective advance is possible, but the risk remains skewed to the downside. * The European Central Bank (ECB) policy announcements and economic indicators, such as French Industrial Production and Spanish unemployment, could influence the pair's price movement. **Prediction for long-term:** The price is expected to go **up** in the long-term, with a potential growth towards the area above 1.1045. However, the risk remains skewed to the downside, and the pair's price movement will depend on the ECB policy announcements and economic indicators. **Stability:** The pair's price movement is expected to be **volatile** in the short-term due to the ongoing U.S. elections and significant FX option expiries. However, in the long-term, the pair's price movement is expected to be more **stable**, with a potential growth towards the area above 1.1045. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions for the EUR/USD pair: **Short-term analysis (next few days):** * The pair is expected to experience sideways momentum due to the uncertainty surrounding the U.S. presidential election and the upcoming ECB policy announcements. * Technical indicators suggest a possibility of a corrective advance, but the overall trend remains bearish. * Support levels at 1.0875, 1.0840, and 1.0805 are likely to be tested, with a potential rebound towards the resistance level of 1.0910. * Market sentiment is cautious, which may lead to increased volatility. **Expected short-term price movement:** Down (testing support levels) or sideways (due to uncertainty and caution) **Long-term analysis (next few weeks/months):** * The forecast suggests an attempt to continue the decline in the pair, followed by a potential upward price rebound and continued growth towards the area above 1.1045. * A breakout above the resistance level of 1.0975 could confirm growth for the EUR/USD pair. * Fundamental factors, such as the U.S. presidential election outcome and economic indicators from the U.S. and Europe, will influence the pair's long-term direction. **Expected long-term price movement:** Up (potential growth towards 1.1045 and above) Please note that these conclusions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days to 1 week)** Based on the current market conditions and technical analysis, I expect the EUR/USD price to remain relatively stable, with a slight bearish bias. The pair is currently trading above the $1.0872 support level, but the technical indicators such as the RSI are neutral, indicating a lack of strong momentum. The upcoming U.S. election results and key economic data releases, including the U.S. Trade Balance and ISM Services PMI, are likely to influence the pair's movement. If the support at $1.0872 fails, the pair may decline toward $1.0850 or even $1.0830. **Probability of price movement:** * Down: 55% * Up: 30% * Same: 15% **Long-term Analysis (Next few weeks to 1 month)** In the long term, I expect the EUR/USD price to rebound and continue its growth toward the area above $1.1045. The European economic data, although mixed, showed some positive signs, particularly from Germany. The revised PMI data for the Eurozone also indicated some positive momentum. The technical analysis suggests that a break above $1.0922 could signal a move higher, with a potential buy zone around $1.0872-1.0865. If the pair can close above $1.0975, it would indicate a bullish trend. **Probability of price movement:** * Up: 60% * Down: 25% * Same: 15% Overall, while the short-term outlook is cautious and slightly bearish, the long-term outlook is more bullish, with the potential for the pair to rebound and continue its growth. Result: ST=Down LT=Up
Short
by frankiepro
EURUSD / TRADING UNDER UPWARD PRESSURE / 4HEURUSD / 4H TIME FRAME HELLO TRADERS Current Movement to Supply Zone (1.092 - 1.095): • Prices are attempting to reach a supply zone between 1.092 and 1.095. This level acts as potential resistance where sellers may enter, potentially halting further upward movement. Potential Decline to Demand Zone (1.085 - 1.083): • If prices face resistance near 1.092 - 1.095, they might pull back to the demand zone between 1.085 and 1.083. This demand zone represents a level of support where buyers might enter, stabilizing prices. Outlook if Prices Stabilize Above 1.085 - 1.083: • Stabilization above this demand zone suggests an opportunity for prices to increase. The next target is another supply zone between 1.101 and 1.104, which could act as a new resistance level. Risk of a Decline if Demand Zone is Broken: • If prices break below the demand zone (1.085 - 1.083), it signals potential for further decline to a lower demand zone (1.079 - 1.076). A break below 1.076 would likely confirm a downtrend. Trend Confirmation Based on Zone Breaks: • Breaking the supply zone (1.092 - 1.095) would signal an uptrend, while a break below the demand zone (1.079 - 1.076) would confirm a downtrend.
Long
by ArinaKarayi
EURUSD: Will It Retrace to POI?Our philosophy focuses on simplicity and precision, avoiding cognitive overload. On the daily chart, EURUSD is trading within Range Zone. If another daily candle closes bullish above $1.086 (the Daily Range Bottom), it could push the price up to the Range Top at $1.1, which is our Daily Point of Interest (Daily POI). The Mid Daily Range may act as minor resistance on this move. If EURUSD falls below the Daily Range Bottom, it enters a bearish zone, with the next target around Key Daily Level 1↓ at $1.066. Alternatively, a bullish breakout above the Daily Range Top could extend gains to the Minor Daily Level at $1.112. Though, this scenario is secondary as long as EURUSD remains within the Daily Range Zone.
by Trade-Lean
Why Trading Sessions Matter in Forex: Key OverlapsThe Forex market is open 24 hours a day during the weekdays, allowing traders flexibility to trade at any time. However, understanding the best times to trade is essential for effective trading. The market is divided into four main sessions: Sydney, Tokyo, London, and New York, each corresponding to peak activity in key financial centers. Using a Forex Market Time Zone Converter can help traders determine which sessions are active in their local time, making it easier to plan around high-liquidity periods. Although the market is technically always open, not all trading times are equally profitable. Higher trading volume, which generally occurs during session overlaps, creates ideal conditions for traders. For example, the overlap of the London and New York sessions sees the highest volume, with more than 50% of daily trades occurring in these two centers. Trading at this time, especially with currency pairs like GBP/USD, can lead to tighter spreads and quicker order execution, reducing slippage and increasing the likelihood of profitable trades. Similarly, trading AUD/JPY during the Asian session, when the Tokyo market is active, is advantageous due to higher trading activity for these currencies. Conversely, trading during times when only one session is active, such as during the Sydney session alone, can result in wider spreads and less market movement, making it harder to achieve profitable trades. Planning trades around high-activity sessions and overlaps is key to effective forex trading.
Editors' picks
Education
by habib75rajabi
9
EUR/USD is increasing and expected to tend to be higherAdemha greets everyone, Currently, the EUR/USD exchange rate stands at around 1.089 USD per Euro. The outlook ahead leans towards a potential appreciation of the Euro, driven by several factors: Monetary Policy: Although the U.S. Federal Reserve (Fed) maintains a tightening stance, there is anticipation that pressure to raise interest rates will gradually ease if inflation continues to cool. This could weaken the Dollar, allowing the Euro to recover. Eurozone Economy: If economic stimulus measures in Europe or improvements in the service and industrial sectors prove effective, the strength of the Euro could increase. Forecast: The Euro is likely to rise if economic conditions in the Eurozone improve or if the Fed adopts a more dovish policy by 2025, creating a favorable environment for the exchange rate to reach higher levels in the medium to long term.
by Ademha
EURUSD at Key Support – Bullish Rebound Ahead?Hello Ben's great friends! Currently, EURUSD is fluctuating about 1,0878 in the early morning session in Asia. The US dollar decreased slightly when traders prepare for the US presidential election and the possibility that the Federal Reserve cut interest rates, supporting some support for the main currency pair. Moreover, based on technical analysis, the price is approaching the strong support area (suitable for EMA 34.89). If this support level is maintained, it can act as a platform to increase prices. What do you think about this view? Let me know your ideas.
Long
by Bentradegold
3