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USDEUR trade ideas

Head and Shoulders Pattern in EURUSDEUR/USD Analysis (Timeframe: To be determined): Head and Shoulders Pattern Detected, Buy Signals Generated A head and shoulders pattern has been identified on the EUR/USD chart. However, contrary to the typical bearish implication, buy signals have been generated, indicating a potential bullish reversal. Key Indicators: - Head and Shoulders Pattern: A clear head and shoulders formation has been detected. - Buy Signals: Generated, indicating a potential bullish reversal. - Trend Analysis: Potential bullish reversal. Key Levels: - Resistance: 1.08300 - Support: 1.05200 - Target: 1.09250 Recommendation: Consider long positions or bullish strategies to capitalize on the potential upside movement. Please note that forex markets are highly volatile, and prices can change rapidly. Please mind your own money management 🙏 Best Wishes Tom 😎
Long
by Tom_Trades_670
1
EURUSD Next possible moveSAXO:EURUSD Title "EUR/USD Intraday Analysis: Sell Bias Persists | Dollar Dominance Resumes" Market Context "EUR/USD remains under pressure as the U.S. dollar regains strength amid hawkish Federal Reserve expectations. Lingering concerns over Eurozone economic growth further weigh on the pair, favoring a bearish bias." Technical Analysis *"Today’s sell entry is supported by the following bearish signals: Trend Structure: The pair continues to form lower highs and lower lows, confirming the downtrend. EMA Dynamics: Price trades below the 20 and 50 EMAs, signaling sustained bearish momentum. RSI: Falling toward 40, highlighting increased selling pressure. MACD: Negative histogram bars are expanding, reinforcing the bearish outlook. Key Levels: Support: 1.0480 (intraday), 1.0450 (next key level). Resistance: 1.0520 (intraday), 1.0550 (critical barrier). A move above 1.0550 would negate the bearish bias."* News Context "Upcoming: U.S. ISM Services PMI data could provide fresh directional cues. Previous: Friday’s strong NFP report boosted the dollar, keeping EUR/USD under pressure." Call to Action "Will EUR/USD continue its slide, or could support levels trigger a reversal? Share your thoughts and strategies below!"
Short
by RBSBALA
EURUSD Trading Idea EUR/USD dipped 0.2% on Tuesday, marking its third straight decline as it approaches the key 1.0500 level. The Euro’s recent bullish momentum is fading, with traders shifting to a cautious stance ahead of two major events: US CPI Data (Wednesday): A pivotal release ahead of the Fed's final 2024 meeting. Inflation is expected to tick up to 2.7% YoY (from 2.6%), with core CPI holding steady at 3.3%. Any signs of stalled progress could dash hopes for a third consecutive rate cut on December 18, fueling USD volatility. ECB Rate Decision (Thursday): The ECB is widely anticipated to deliver another quarter-point rate cut. Forecasts suggest the Main Refinancing Operations Rate will be trimmed to 3.15% (from 3.4%), and the Deposit Facility Rate is expected to drop to 3.0% (from 3.25%). EUR/USD Technical Analysis: Entry Opportunity with SMC and Fibonacci Using Smart Money Concepts (SMC) and Fibonacci retracement, the key zone between the 0.71 and 0.79 Fibonacci levels is shaping up as a critical area of interest. Following the creation of a fair value gap at the last high, the price is now testing the 50% Fibonacci level, setting the stage for a potential trade setup. Trade Setup: Entry Point: 1.05520 (aligned with the 0.75 Fibonacci level) Stop Loss: 1.05697 (just above the 0.79 Fibonacci level for added risk protection) Take Profit: 1.04990 (targeting below the fair value gap for optimal risk-to-reward) Risk/Reward Insights: This setup offers a Risk/Reward Ratio of 2.98. By risking 17.7 pips to gain 53 pips, you're maximizing reward relative to risk. Disclaimer: Trading carries significant risks, and it’s essential to practice strict risk management. Always trade with a clear plan, use stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—ensure you understand the risks before making any decisions. Follow for more trading ideas, strategies, and insights to level up your trading game!
Short
by InwardTrader
Bearish drop?EUR/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0543 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.0564 Why we like it: There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 1.0502 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
#EURUSD - 11122024We caught the whole EURUSD move as per algo level path given yesterday; a move higher to re-test strong level at 1.0564 for a short down to 1.0500 level and a long to 1.0534, all played out to perfection. I said that 1.0500 is a potential low and market bounced from it. Is the lows in? To be honest, based on the current price action on daily, it is not so easy to decipher. It does not look like a bottoming candle. Thus IMO, EURUSD could make another move down to make a new low, but that get bought up to possibly form a reversal candle on daily to be called a bottom. Looking for a rejection off 1.0556 for a move down to 1.0476 for a long.
by FadeMeIfYouCan
EUR/USD: Profitable Trading TacticsFX:EURUSD Key Observations: Current Price: 1.06413 USD Significant Levels: Order Block (OB): 1.06413 USD Resistance: 1.05529628 USD Support: 1.06413 USD Technical Indicators: Volume Profile: High trading activity around 1.06413 USD Relative Strength Index (RSI): Currently around 46.95, suggesting neutral conditions MACD (Moving Average Convergence Divergence): Shows a bearish momentum with the MACD line crossing below the signal line Fibonacci Retracement Levels: 0.618: 1.05413264 USD 0.705: 1.05473090 USD 0.786: 1.05529628 USD Buy Strategy: Entry Point: Consider entering a buy position if the price retraces to the support level around 1.06413 USD or the lower Fibonacci levels (0.618 or 0.786). Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) and a bounce from the support level. Ensure the RSI is not in the overbought zone and the MACD shows a bullish crossover. Target: Set the target around the resistance level at 1.05529628 USD or higher Fibonacci levels. Stop Loss: Place a stop loss below the support level or the recent swing low. Sell Strategy: Entry Point: Consider entering a sell position if the price reaches the resistance level around 1.05529628 USD and shows signs of reversal. Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) and a rejection from the resistance level. Ensure the RSI is in the overbought zone and the MACD shows a bearish crossover. Target: Set the target around the support level at 1.06413 USD or lower Fibonacci levels. Stop Loss: Place a stop loss above the resistance level or the recent swing high. By following these strategies and confirmations, you can make informed decisions based on the observed chart patterns and technical indicators. Happy trading!
by Alexgoldhunter
EURO LONG TERM SHORT PERSPECTIVE Hello Traders, I will keep this simple and share my point of view for tomorrow. As you can see on the higher time frame, we have a daily rejection from 1.06 and a tap into the weekly FVG with the NFP report. Tomorrow is a big day with the CPI report incoming, which will tell us the direction we're heading in. I expect the CPI to be bullish for TVC:DXY and bearish for FX:EURUSD The important thing is that you shouldn’t go short right now; instead, wait for PRICE + TIME. With the news coming out at 8:30 AM NY time, I like to wait for a bullish market structure from London to NY on the lower time frames. As usual, we will likely see consolidation before the news. After that, I will mark the buy-side liquidity and set my targets to take profits. The market will likely sweep liquidity before moving in one direction. Don’t trade the consolidation. I'm not good with publishing idea's, I am just yapping about my point of view. Alhamdullilah I am making consistent $$$ with trading.
Short
by HuangCapital
EURUSD: Standard Channel Up targeting above the 4H MA200.EURUSD may have turned bearish today on its 1D technical outlook (RSI = 41.238, MACD = -0.005, ADX = 33.591) but 4H remains neutral as the pullback is the technical bearish wave of the Channel Up you see on the chart. The two bullish waves we've had so far have been exactly the same at +1.65% with the 4H RSI S1 Zone providing the most accurate buy entries. Consequently, this is now the best level to go long and target a crossing over the 4H MA200 on another +1.65% bullish wave (TP = 1.06675). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1