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USDEUR trade ideas

My Thoughts...This is just a follow up... Since we made a new LL. I have this two scenarios... 1) The pair has a possible for retesting the previous LL (on the daily time frame) And continue with the bearish trend... 2) The pair could start By Changing the structure and buying or moving with a bullish trend. The pair will confirm with taking out the LH (on the daily time) that will be my confirmation that the bearish structure is finished bulls are in control Let wait for confirmation for both scenarios before placing the trade so let's wait and see Use proper risk management Let's do the most!!!
by Ramokaelo
1
EURUSD 4hr ShortEURUSD ✅ 4hr Short ✅ 💰ENTRY: 1.05866 👎STOP LOSS: 1.06098 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
1
Fundamental Analysis of EURUSDEURUSD is trading in the support area which has been respected by the price action since December of 2022. Similarly, there is an area of resistance. There are two scenarios based on the current geopolitical tension and the policy of the new administration in the US. Scenario#1: Risk OFF or USD depreciates against EUR and other currency pairs The new US administration will take charge in Jan 2025, and by that time if the Scenario#2 has not happened then the EUR should appreciate significantly against USD. The new administration is expected to be business friendly. The US economy should get an ultra-boost because of lower taxes and less regulations. There are many other promises made by the winning party like the increase in import tariffs on all the countries, deportation etc., maybe those promises were to attract voters. We don't know how it will play out, so we go with the simple approach that republican party means less regulation, hence business friendly. Scenario#2: Risk ON or USD appreciates against EUR and other currency pairs This scenario could play out even before the new administration takes charge!!! We don't know if it is a bluff from Russia or a real threat, but the fear of nuclear war can be frightening. Whenever there are major escalations in the world, the USD appreciates and that is as simple as 1 + 1 = 2, right?
by spranav
1
6 Things to Do before you start Investing and Trading1. Build an Emergency Fund ▪️Why it's important: Having an emergency fund ensures you have a financial cushion for unexpected expenses (e.g., medical bills, car repairs, job loss). Without this safety net, you may be forced to sell investments or go into debt if something unforeseen happens. ▪️How to do it: Aim for 3-6 months' worth of living expenses in a liquid, easily accessible account like a savings account. Focus on saving first before putting money into investments. 2. Pay Down High-Interest Debt ▪️Why it's important: High-interest debt, especially from credit cards, can severely hinder your financial progress. The interest on these debts is often higher than the returns you could earn from investments in the short term. ▪️How to do it: Prioritize paying off high-interest debts first (e.g., credit cards), then move on to other debts like student loans or car loans. Consider strategies like the debt snowball or debt avalanche method. 3. Define Your Financial Goals and Priorities ▪️Why it's important: Knowing what you're investing for (e.g., retirement, a down payment on a house, education, or travel) will help you choose the right investment vehicles and timeframes. It also provides motivation and direction. ▪️How to do it: Set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) financial goals. Break them down into short-term, medium-term, and long-term goals. This helps you align your investments with your needs. 4. Know Your Cash Flow ▪️Why it's important: Understanding your income and expenses is essential for managing your finances and determining how much money you can consistently allocate to investing. If you don't have a clear picture of your cash flow, you might overextend yourself or miss opportunities. ▪️How to do it: Create a monthly budget to track your income, fixed expenses, and discretionary spending. Consider using a budgeting tool or app to make this process easier. Be honest about where you can cut back to free up funds for investing. 5. Track Your Net Worth ▪️Why it's important: Tracking your net worth gives you a clear picture of your overall financial health. It's a snapshot of what you own (assets) minus what you owe (liabilities). This helps you measure your progress over time and adjust as needed. ▪️How to do it: List all your assets (e.g., savings, investments, real estate) and liabilities (e.g., mortgages, student loans, credit card debt). Update this regularly to see how your financial situation is evolving. You can use free online tools or apps to make this process easier. 6. Understand the Basics of Investing and Trading ▪️Why it's important: If you're going to invest or trade, you need to understand the fundamental principles behind both activities. This includes knowledge of risk, returns, diversification, asset classes (stocks, bonds, real estate), and how markets operate. ▪️How to do it: Read books, take online courses, or follow credible financial blogs and YouTube channels. It’s important to grasp concepts like risk tolerance, time horizon, and the different types of investments (stocks, mutual funds, ETFs, etc.). Understanding these principles will help you avoid common mistakes and make informed decisions.
Education
by ProjectSyndicate
5
EUR/USD Waiting game EUR/USD Hourly Chart Analysis: Consolidation and Waiting for Breakout The EUR/USD currency pair is currently consolidating within a tight range on the hourly chart, reflecting indecision in the market. Price action has been fluctuating between key support and resistance levels, indicating a lack of clear direction in the short term. This consolidation phase suggests that market participants are awaiting a catalyst to drive the next significant move. Key Observations: Support: The pair is finding support around the 1.0520 level, which has held multiple times during the recent price action. Resistance: On the upside, resistance is being seen around the 1.0600 handle, where recent rallies have failed to sustain momentum. Current Price Action: The market is trapped between these levels, forming a range-bound structure. Price is moving sideways, with alternating higher lows and lower highs, indicative of a neutral market sentiment. What to Watch for: Upside Break: A breakout above the 1.0600 resistance could signal a continuation of the bullish trend, with potential targets toward 1.0750. A successful break and retest of this level would suggest that upward momentum is gathering strength. Downside Break: On the other hand, a breakdown below 1.0600 support would open the door for a move toward 1.0500 and possibly lower levels. A break and retest of this support zone would confirm a bearish shift in market sentiment. Conclusion: The EUR/USD pair is in a consolidation phase on the hourly chart, and traders should remain alert for a breakout either to the upside or downside. A clear break and retest of either the support or resistance levels will offer a more defined trading opportunity in the direction of the breakout. Until then, price action is likely to remain range-bound, with limited directional bias
by Jarvis_Trades
1
The Evolution of Forex Trading Platforms and the MarketThe Evolution of Forex Trading Platforms and the Market Forex trading has come a long way since its early days. From manual cash exchange and institutional trading to simple, user-friendly online platforms available for everyone. This FXOpen article explores how technology has transformed forex trading and how AI-based algorithms are used to analyse market data today. Early Days of Forex Trading The history of forex trading in the world is long, dating back to ancient times when people traded goods and services across borders. However, the modern forex market as we know it today began in the 1970s after the collapse of the Bretton Woods system. Since then, currencies have been allowed to float freely against each other. In the early days, forex trading was performed manually, and the role of financial institutions was significant. However, manual methods had their challenges and limitations, such as the lack of real-time data and the need for human intervention. Rise of Electronic Trading Platforms The next step in forex market history was the development of electronic trading platforms. The foreign exchange market has experienced a profound transformation with the advent and proliferation of electronic platforms. These platforms have revolutionised the way currencies are traded, leading to increased accessibility, efficiency, and transparency in the world's largest financial market. The forex market has benefited immensely from advancements in technology. High-speed internet connections, powerful computers, and sophisticated software have enabled traders to execute orders swiftly and efficiently, regardless of their location. The emergence of electronic communication networks (ECNs) in the 1990s-2000s and the introduction of electronic trading platforms transformed the industry. ECN accounts connect leading brokers and individual traders with each other so that they can trade directly, bypassing the exchange mechanisms of intermediaries. ECN globalised the market, as it allowed transactions to be conducted outside the working hours of a particular location. The advantages of such electronic systems are the possibility of daily and round-the-clock trading, the expansion of the number of bidders offering their quotes, and the prompt supply of participants with all necessary information. If you are interested in ECN trading, you can open an FXOpen account. Mobile Apps A positive change in the history of forex trading was the shift from calling brokers to direct trading opportunities via electronic platforms. But this required access to a desktop computer. When mobile phones went mainstream, following the market became much easier. The development of mobile applications has made forex trading more convenient and accessible. It has made it possible for traders to access the markets from anywhere, at any time. Traders can now execute trades and monitor their positions on the go. Mobile apps offer convenience and accessibility, making modern forex trading more efficient and user-friendly. Social and Copy Trading Social trading networks have become increasingly popular in recent years. These networks allow traders to follow and replicate the strategies of other traders. Copy trading, in particular, has gained popularity. This method allows newcomers to take advantage of the expertise of more experienced traders. One advantage this provides is the opportunity to automate strategies and reduce the need for human intervention. However, both social and copy trading come with a set of risks, such as the potential for losses due to the replication of flawed strategies. Algorithmic and High-Frequency Trading (HFT) One promising innovation in the field of trading is the introduction of algorithms. This has the potential to change forex trading because now traders can automate their strategies using computer programs. Robots carry out trades according to predetermined rules and algorithms, and traders only need to observe the course of trading and intervene if necessary. As a subset of algorithmic trading, high-frequency trading (HFT) is also developing. HFT strategies help traders execute trades at lightning speed. Additionally, artificial intelligence and machine learning are playing an increasingly important role in algorithmic trading. AI-based tools collect, sort, analyse and classify market data and make asset selection recommendations. Cryptocurrency* and Forex Integration Recently, the market saw a sharp rise in the popularity of cryptocurrencies* as traded assets and their integration with forex. The evolution of the forex market is that platforms now allow traders to trade cryptocurrencies* alongside traditional forex pairs on the same platform. The impact of blockchain technology on forex markets is yet to be fully realised. But right now, it can be said that it may enable more secure and transparent transactions. The decentralised nature of blockchain enables innovations, such as decentralised exchanges and peer-to-peer trading. Final Thoughts While there are risks associated with forex trading, the integration of technology has made it more accessible to retail traders, and modern algorithms may make it simpler and more transparent. As the evolution of foreign exchange markets continues, traders try to stay informed and adapt to new technologies. You can explore our blog to learn more about highly effective trading strategies and top currency pairs and use the TickTrader platform to access advanced charts and trade various assets on a single account. Join the trading community with FXOpen! *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
EURUSD Trendline Breakout Ready for a Long BullHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Elliott Wave View Looking Further Downside in EURUSDShort Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from 9.25.2024 high, wave A ended at 1.076 and wave B rally ended at 1.09369. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure. Down from 11.6.2024 high, wave (i) ended at 1.082 and wave (ii) rally ended at 1.0857. Wave (iii) lower ended at 1.0718 and wave (iv) ended at 1.078. Wave (v) lower ended at 1.0682 which completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 1.0825 with internal subdivision as a zigzag. Pair then turned lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1.076 and rally in wave (ii) ended at 1.0809. Pair resumed lower in wave (iii) towards 1.059 and rally in wave (iv) ended at 1.0654. Pair extended lower 1 more time in wave (v) towards 1.0493 which completed wave ((iii)) in higher degree. Wave ((iv)) is in progress as a double three Elliott Wave structure. Up from wave ((iii)), wave (w) ended at 1.0593 and pullback in wave (x) ended at 1.0513. Expect wave (y) higher to complete at 1.061 – 1.067 area and this should complete wave ((iv)) in higher degree. From there, expect the pair to extend lower.
by Elliottwave-Forecast
1
Lingrid | EURUSD continues FALLING from RESISTANCE zone The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD is currently making lower lows, indicating a persistent bearish momentum as it approaches the support level at 1.0500. Notably, the price is decelerating, forming small candles, which suggests a potential pullback towards the resistance zone. On the daily timeframe, the price action is shaping an ABCD pattern. Compounding the bearish sentiment, the DXY is surging, exerting additional downward pressure on EURUSD. I anticipate that the market may pull back towards the resistance zone around 1.0600 before resuming its bearish trend. My goal is support zone around 1.04850 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
14
EURUSD: Long term bottom formation. Target 1.09250.EURUSD is almost oversold on its 1D technical outlook (RSI = 32.566, MACD = -0.011, ADX = 28.963) as despite the consolidation since last Thursday, it hasn't yet started to recover. This is however a common price action during bottom formation proccesses (like September and March 2023) and since the 1D RSI is on a bullish divergence (HL), we expect a rally to start soon. In the past rebounds that stopped initially on the HH trendline but for slightly lower risk we are targeting the November 5th High (TP = 1.09250), which started the recent selling. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
EURUSD Bottom made. Now rally until end of year.The EURUSD pair eventually fulfilled all of our bearish signals since the September top, with the most recent one (November 11, see chart below) successfully hitting our 1.05300 Target: We are now shifting to a long-term bullish sentiment after a long time, as the price finally reached the 1.05185 - 1.04500 Support Zone, which is holding for almost 2 years (since early January 2023). The 1W RSI is virtually identical to the July - September 2023 Bearish Leg, on which we based all of our sell signals, as it was identified from early on that the similarities between the two were strong (1D chart). Now that the 1.236 Fibonacci extension got hit, we expect the bullish reversal to reach at least the 0.5 Fibonacci level, as it happened on November 20 2023. As a result, our Target is currently 1.09400. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURUSD: parity on the horizon?A week after the US Presidential elections, markets continue to favor USDollar, in expectation of positive effects of lower tax rates. Still, many economists are noting that political promises during the presidential campaign are one thing, and what we will see in reality is completely another topic. As for economic data posted during the previous week, the US Core Inflation rate in October was standing at 3,3% on a yearly basis, while the Inflation rate was at the level of 2,6% y/y. Inflation for October was 0,2%. All figures were in line with market estimates. The Producers Price Index in October was 0,2% for the month, while core PPI was standing at 0,3%. The Retail Sales in October surged by 0,4%, which was a bit higher from market estimate of 0,3%. The US Industrial Production dipped to -0,3% in October, the same as measured on a yearly basis. The inflation rate in Germany, final for October, was standing at 0,4% for the month, in line with market expectations. Inflation rate on a yearly basis was standing at 2%. The ZEW Economic Sentiment Index for Germany in October was standing at 7,4 a bit lower from market consensus of 13. The same indicator for the Euro Zone was 12,5, also a bit lower from the market estimate of 20,5. At the same time, industrial production in September in the Euro Zone dropped by -2% , which was higher from estimated -1,4% and bringing the total decrease of IP to -2,8% on a yearly basis. Strengthening of the US Dollar continued for the second month in a row. The highest weekly level reached was 1,05 on Thursday trading session, while the currency pair is ending the week at the level of 1,0541. The RSI entered into clear oversold territory, from where some short term reversal might be expected in the coming period. On the other hand, MA50 is strongly diverging toward the MA200, which implies the potential for a cross in the coming period. The strengthening of the US Dollar might easily continue in the coming period. This is supported by the relatively solid economic outlook of the US economy in the coming period, and expectations of a positive result of tax cuts in the US, at least, as per political promises from the presidential campaign. This is also one of the reasons why analysts have started to mention parity of euro and usd, however, at this moment, it might be too early to discuss this topic. For the week ahead, some short term reversal might be expected, considering that the RSI reached a clear oversold market side. Still, the demand for USD is still quite strong on the market, in which sense, only a short correction might be expected, till the level of 1,06, eventually 1,07. On the other hand, it should be expected that the market will start the week ahead by testing the 1,05 support level for one more time. Important news to watch during the week ahead are: EUR: Inflation rate final in October in the Euro Zone, Producers Price Index in October in Germany, GDP Growth Rate final for Q3 in Germany, HCOB Manufacturing PMI flash for November in Germany and the Euro Zone, USD: Building Permits preliminary for October, Existing Home Sales in October, S&P Global Composite PMI flash for November, Michigan Consumer Sentiment final for November.
by XBTFX