Get started

U.S. DOLLAR / EURO REFERENCE RATE

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDEUX trade ideas

Fundamental Market Analysis for June 5, 2025 EURUSDThe EUR/USD pair is trading cautiously, slightly above the key level of 1.14000 during Thursday's Asian trading session. The major currency pair is expected to remain in a sideways trend as investors await the European Central Bank's (ECB) interest rate decision. The ECB is almost certain to cut its key lending rates by 25 basis points (bps), bringing the deposit rate and the main refinancing rate to 2% and 2.15%, respectively. This will be the ECB's seventh consecutive interest rate cut and the eighth since June last year, when it began its cycle of monetary expansion. Traders are increasingly confident of a seventh consecutive ECB interest rate cut as deflationary trends persist in the eurozone. Preliminary data from the eurozone's harmonized index of consumer prices (HICP) released on Tuesday showed that inflationary pressure fell below the central bank's 2% target. With the Fed widely expected to cut interest rates, investors will be watching ECB President Christine Lagarde's press conference closely for clues on likely monetary policy in the second half of the year. Market participants would also like to hear about the progress of trade negotiations with the US. Meanwhile, the US dollar (USD) is struggling to stay near a six-week low as weak US data has reignited stagflation risks. The ISM Services PMI unexpectedly declined in May, while its components showed that production costs continue to rise rapidly. ADP employment change data, which reflects labor demand in the private sector, showed that 37,000 new jobs were created in May, the lowest figure since February 2021. Trading recommendation: SELL 1.14100, SL 1.14400, TP 1.13600
Short
by Fresh-Forexcast2004
EUR/USD Coils Below Resistance Ahead of ECB, NFPEuro broke above the April downtrend last month with price surging more than 3.5% off the May low. The advance failed at technical resistance into the start of June at the 1.618% extension of the May advance near 1.1455. The focus is on a reaction off this mark with a breakout of the weekly opening-range to offer some guidance in the days ahead. The weekly-range is now set just above the objective weekly / monthly open at 1.1347. Subsequent support seen at the 2023 swing high at 1.1276 with near-term bullish invalidation at the 2024 swing high / 61.8% retracement at 1.1214- a break / close below this threshold would be needed to suggest a more significant high is in place / a larger reversal is underway towards key support at 1.1040/74. A topside breach of the weekly opening range exposes subsequent resistance objectives at the 2025 high-day close (HDC) at 1.1514 and 1.1564/73- a region defined by the 100% extension of the May advance and the yearly swing high. Look for a larger reaction there IF reached with a daily close above needed to mark uptrend resumption / fuel the next major leg of the Euro advance towards 1.17. Bottom line: A breakout of the April downtrend is now testing the first major resistance hurdle with the weekly / monthly opening-ranges taking shape just below- look for the breakout. From a trading standpoint, losses would need to be limited to 1.1214 IF price is heading higher on this stretch with a close above the yearly high needed to mark resumption of the broader uptrend. ECB on tap tomorrow with NFPs slated for Friday- stay nimble into the weekly close. -MB
by FOREXcom
1
EURO/USD significant price move or breakout.1. Support and Supply Zones: SUPPORT zone is marked in green at the bottom, around the 1.0400–1.0600 level. SUPPLY zone is labeled and marked slightly above the March price action (mid-chart). 2. CHoCH (Change of Character): Marked on the chart to indicate a potential trend reversal or significant shift in market sentiment (typically when a previous high/low is broken in the opposite direction). 3. NE (New Entry or New Expansion): Marked near a price peak, possibly indicating a significant price move or breakout. 4. Channel: A bullish ascending channel is drawn where the price was moving upward within parallel trendlines. 5. Projected Movement: A forecast is shown with an arrow pointing upward inside a green and red box: Green area = Target/Profit zone Red area = Stop loss zone The forecast suggests a bullish move after a potential consolidation. 6. Date/Time: X-axis ends in June and shows historical price movement from early 2025 (around January–April). Current chart time (bottom right) is 04:51:38 UTC. Trading Sentiment The chart indicates a bullish sentiment on EUR/USD, expecting price to: Hold above the support Break or continue through CHoCH Possibly reach the target zone near 1.1600–1.1800
Long
by Johnson67
EURUSD - Potential Bearish ContinuationEURUSD recently tapped into a 4-hour Fair Value Gap, aligning perfectly with a prior liquidity sweep just above the recent swing high. This zone acted as a magnet for buy-side liquidity, and price reacted sharply once that liquidity was taken out. The rejection confirms this area was used by larger players to offload positions rather than push higher. Rejection and Structure Shift After the sweep and tap into the FVG, we saw an immediate and aggressive bearish reaction, signaling a clear rejection of higher prices. Momentum flipped decisively, breaking smaller structural points on the way down. The rejection is not just technical, it’s reactive, showing that the intent was never to sustain the breakout. Break of Support Zone and Bearish Setup Price is now testing the critical mid-range structure marked in red. This zone previously held as support multiple times, but it is now under pressure. If we get a clean 4H close below this area, it confirms a market structure shift and opens the door for further downside. Bearish Target and Liquidity Zone Below If the break confirms, the next logical move would be a push down into the broader support area below. That zone holds untapped liquidity and marks the base of the recent rally. A sweep of those lows would align perfectly with the narrative of a failed breakout, followed by a deeper correction. Conclusion The rejection from the 4H Fair Value Gap, combined with a liquidity sweep and a pending structure break, builds a clean bearish case. A confirmed close below the marked zone would shift this into a continuation setup, with expectations for a move toward the lower support and a potential sweep of the lows. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ___________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Short
by TehThomas
67
Can it stabilize above 1.14?The euro against the US dollar traded in a narrow range during the North American session, with the current exchange rate consolidating near the 1.14 level as the market awaits the European Central Bank's (ECB) interest rate decision this Thursday. In the US, the ADP employment data far missed expectations, with private sector employment increasing by only 37,000 in May—significantly below the market forecast of 115,000. This weak data triggered a decline in the US dollar, pushing the EUR/USD exchange rate to rebound to the 1.1400 zone. While the exchange rate is expected to continue its rebound momentum, its upside potential remains limited. If the key resistance level of 1.1418 is effectively broken, it could open the door for further upward movement to the 1.1450-1.1480 range. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Long
by Ashbur
EUR/USD is about to clarify its trend direction 💡Message Strategy The recent trend of the euro is affected by the resonance of multiple macroeconomic factors. First, the eurozone CPI data for May showed that the overall annual rate dropped sharply from 2.2% to 1.9%, and the core CPI annual rate also fell to 2.3%, hitting a one-year low, which suppressed the market demand for the euro. This cooling trend of inflation has significantly strengthened the market's expectations that the European Central Bank will further cut interest rates. The current market has fully taken into account the possibility of a 25 basis point rate cut on Thursday, and even expectations of further rate cuts in July have fermented. At the same time, US economic data is still weak. The ISM manufacturing PMI fell to 48.5, which has been in the contraction range for several consecutive months. In addition, the JOLTS job vacancies may hit a new low, which makes the dollar bulls lack support. In general, the euro is facing a tug-of-war between the eurozone's easing expectations and the weakness of the US dollar, and the market is generally optimistic about the trend. 📊Technical aspects From the K-line pattern, the long and short sides are stuck near 1.1400, and a unilateral trend has not yet formed. It is worth noting that the high point of 1.1572 in mid-April has formed an obvious resistance band so far, and the upper 1.1500 is a psychological integer mark, and it is also the previous high, forming the first key resistance line. If it breaks through this level, it may usher in further upward space. In terms of MACD indicators, the bar chart is currently oscillating near the zero axis, and the fast and slow lines are above the zero axis, indicating that the bullish momentum is dominant. RSI remains at 57.94, which is in the neutral to strong range, but has not entered the overbought area, and there is still potential for short-term growth. 💰 Strategy Package Long Position:1.13750-1.13850
Long
by TheodoreSilas
1
EURUSD What Next? SELL! My dear subscribers, My technical analysis for EURUSD is below: The price is coiling around a solid key level - 1.1401 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.1380 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
4
EURUSD is moving within the 1.13230 - 1.14550 range👉🏼Possible scenario: The euro (EUR) dropped 0.64% vs. the U.S. dollar (USD) on June 3 after eurozone inflation missed estimates, rising just 1.9% YoY in May vs. the expected 2%. The softer print boosted bets on a 25 bps ECB rate cut this week, likely the last before a pause. The OECD also cut its global growth forecast, citing rising trade tensions and inflation risks. It now sees GDP slowing from 3.3% in 2024 to 2.9% by 2026. On June 4, EURUSD held steady in early trading. Attention shifts to key U.S. data: ADP Employment (12:15 p.m. UTC) and ISM Services PMI (2:00 p.m. UTC). Strong results may pressure EURUSD lower; weak numbers could push it toward 1.1450. ✅Support and Resistance Levels Now, the support level is located at 1.13230 Resistance level is located at 1.14550
by MaxOnMarkets
EURUSD Is Bearish! Short! Here is our detailed technical review for EURUSD. Time Frame: 10h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.138. The above observations make me that the market will inevitably achieve 1.127 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. 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!
Short
by SignalProvider
1
EURUSD 15 MIN Long📊 EUR/USD Smart Money Concept Trade Idea – 15-Minute Chart This setup highlights a textbook example of how market structure, liquidity grabs, and Fibonacci confluence can provide high-probability trade setups. 🔍 Breakdown: Support Respected (Left Side) Price previously respected a key support zone, leading to a strong bullish impulse. Previous Support → Resistance Flip Once price revisited this zone (marked in red), it failed to hold, indicating a shift in sentiment. This became a liquidity zone where early buyers got trapped. Liquidity Grab (Red Line) Notice how price dipped below the previous swing low, triggering stop-losses from buyers. This is a liquidity grab, a classic smart money move to fuel large buy orders. Structure Shift (Green Label) After the liquidity grab, price formed a higher high, indicating a potential shift in market structure from bearish to bullish. 50% Fibonacci Level (Green Line) The price then retraced perfectly to the 50% Fibonacci level of the bullish leg post-liquidity grab – a golden zone often used by institutions for entries. Re-Entry After Pullback The retracement to the 50 FIB level after the structure shift provided a low-risk, high-reward long opportunity, targeting the previous liquidity zone (blue line) as take-profit. Target & Stop Placement Entry: Around the 50 FIB level Stop: Below the liquidity grab low Take Profit: Near the previous liquidity zone (marked in blue), where many sell-side stops likely sit
Long
by bennymusters94
5
EUR/USD Bearish Reversal Setup Analysis EUR/USD Bearish Reversal Setup Analysis 🧠💼 The chart presents a clear bearish outlook on EUR/USD, with well-defined resistance and support zones, along with a projected short-term price trajectory. Here's a professional breakdown: 🔍 Key Technical Highlights 🔵 Resistance Zone (~1.1400 - 1.1430) Price recently tested this resistance area and formed multiple wicks, signaling strong seller presence. A bullish liquidity grab is evident in the highlighted cyan box, suggesting a fake breakout before reversal. 🟡 Supply Zone / Order Block The yellow box marks a previous consolidation area (potential order block), which was revisited and rejected — reinforcing bearish intent. 🔽 Current Price Action Price is trading around 1.1378, having broken structure and failed to maintain momentum above the resistance. Sharp rejections and bearish engulfing candles imply strong selling pressure. 🟢 Support Zone (~1.1230 - 1.1260) This is a previous demand area where price rallied strongly. The large blue projection box and arrow suggest a bearish continuation targeting this support region. 📉 Bias: Bearish Structure: Lower highs forming after liquidity grab. Price Action: Bearish engulfing after resistance rejection. Market Sentiment: Sellers appear in control after failing bullish breakout attempt. 🎯 Trade Idea Entry: After confirmed rejection from resistance (~1.1370–1.1385) TP: Around 1.1240 (support zone) SL: Above recent highs (~1.1420) Risk/Reward: Favorable R:R as the setup targets a large swing down.
Short
by MrStellanSight
1
EUR/USD Short IdeaEUR/USD Short Idea [ /b] ING sees EUR expensive near 1.145 with likely drift toward 1.13; ECB rate‑cut expectations and firm US data cap upside. Softer euro-area CPI and tomorrow’s ECB meeting keep rate-cut expectations alive, capping EUR/USD rallies. Lingering tariff tension, diverging central-bank paths and well-defined chart levels combine to drive the current high-conviction plays: euro softness after a below-target CPI print and Thursday’s looming ECB rate cut meet still-solid U-S data, making EUR/USD ripe for a fade from 1.14.
Short
by TerraBullMarkets
EURUSD TRADING IN BULLISH TREND EURUSD TRADING IN BULLISH TREND. Price is currently forming higher high and higher low formation. Market was trading in secondary trend from lest few sessions. Recently market shows interest of buyers by bullish engulfing candle. Market may end this secondary trend and can start moving in primary trend. Market is expected to remain bullish in upcoming trading sessions. On lower side, 1.12200 is key support level. On higher side market may hit the target levels of 1.15600.
Long
by TraderAishDXB
2