EURUSD on 3rd May 2025By looking at EURUSD in 4h timeframe, it is trading on very strong zone as it became support now due to yesterday breakout. Also there is uptrend trendline which is acting as strong support, if it breaks our next target will be down to 1.12490 and 1.12930. if this support holds then price may surge in upward direction. Need to wait till breakout in downward.
Key point.
Support - 1.14190, 1.13600, 1.13152
Resistance - 1.14906, 1.15440
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USDEUX trade ideas
The Day Ahead Key Economic Data
United States
April Factory Orders: A modest increase would indicate steady demand in manufacturing, supporting a soft-landing narrative.
JOLTS Report: Elevated job openings may point to a tight labor market, reinforcing wage and inflation pressures, potentially influencing the Fed’s rate path.
May Total Vehicle Sales: A rebound would suggest resilient consumer demand and could support equities tied to autos and credit.
Global
China Caixin Manufacturing PMI (May): Fell to 48.3, signaling contraction. Weak manufacturing momentum due to renewed U.S. tariffs may pressure Asian markets and commodity demand.
Eurozone May CPI (Inflation): Core CPI rose to 2.9% year-on-year. Sticky inflation could keep the ECB cautious, reducing chances of near-term rate cuts.
Japan Monetary Base (May): Watching for signals on BOJ’s monetary support levels amid a weakening yen.
Other notable data: France April budget balance, Italy April unemployment rate, Eurozone April unemployment rate, and Switzerland May CPI—all of which could affect regional currencies and bond markets.
Central Bank Activity
Federal Reserve: Goolsbee, Cook, and Logan are speaking. Markets will watch for any hints on the Fed’s inflation outlook and the timing of potential rate cuts.
Bank of Japan: Governor Ueda indicated openness to rate hikes if inflation picks up again. This could strengthen the yen or raise Japanese bond yields.
Earnings to Watch
CrowdStrike (CRWD): Expected to show strong revenue growth (~20%), though a slowdown in annual recurring revenue (ARR) could raise concerns about sustainability.
Hewlett Packard Enterprise (HPE): Will shed light on corporate IT and cloud infrastructure spending trends.
Dollar General (DG): Will reflect consumer sentiment and spending patterns, especially in economically sensitive segments.
NIO Inc. (NIO): Earnings will focus on EV delivery volumes, pricing, and profitability amidst fierce competition in China.
Trading Implications
U.S. Dollar (USD): May strengthen if JOLTS data shows labor market tightness and Fed speakers lean hawkish.
Treasuries: Strong inflation or labor data could push yields higher, particularly at the front end of the curve.
Equities: Potential for volatility in tech and consumer sectors tied to earnings and vehicle sales figures.
Commodities: China’s weak PMI may weigh on oil and industrial metals.
Forex: Euro, yen, and Swiss franc likely to react to inflation data and central bank commentary.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURUSD – Tuesday, June 3rd, 2025🔹 Overview:
EURUSD has now broken above 1.14149, confirming the next bullish leg. The daily chart shows clear momentum with a possibility of a clean retest before continuation.
🔹 Current Structure:
Daily bullish breakout confirmed
Previous high at 1.14149 now flips to potential support
Bullish channel forming with room to expand toward next resistance
🔹 Key Levels:
✅ Safe Buys: 1.14149 (already triggered)
🔁 Retest Zone: 1.14149
🔓 Safest Buys: Break above 1.16020
🎯 Main Target: 1.18791
📌 Plan:
Retest of 1.14149 = re-entry opportunity
Momentum-based buys above 1.16020 toward 1.18791
Maintain bullish bias unless 1.14149 fails
🔸 Bias: Bullish
🔸 Outlook: Medium-to-long-term continuation
EURUSD Back to 8H Support ZoneFollowing the bullish breakout of the trendline on the 4-hour timeframe and the subsequent pullback to the mentioned level, along with confirmations on lower timeframes, we expect the price to retrace toward the 8-hour support zone to gather momentum for a potential continuation of the upward trend.
While a precise touch of the support level is not guaranteed, based on the current setup, it remains a likely scenario.
A possible entry zone could be around the highlighted orange area. Based on this setup, I anticipate a potential drop of approximately 4% in EUR/USD, targeting the 1.095 level.
Disclaimer: You are responsible for your own trades. Do not risk more than 2% of your account on a single setup.
EURUSD Update – Exceptional Long Entry As mentioned in our previous post, we were waiting for price to react from one of the key demand zones:
🔹 1.12250 – 1.12500
🔹 1.1190 – 1.12060
✅ We entered a long position on the 3-minute timeframe after getting a personal confirmation trigger.
The result? An exceptional entry with a minimum of 100 pips profit so far.
📍 Now it's time to secure profits and wait for the next structure to form.
We’ve been patiently waiting all week for price to hit this area – and it played out perfectly.
Great execution! ✅
Keep in touch!
Euro Dollar(EUR/USD), are institutional investors still bullish?The European Central Bank (ECB) unveils a new monetary policy decision this Thursday, June 5, and the consensus is for further cuts in all three ECB interest rates. The ECB's key rate (the main rate at which banks refinance with the ECB) currently stands at 2.40% and should be cut to 2.15% according to the analyst consensus, in other words, a return of the ECB's key rate to the neutral zone for the Eurozone economy (neither restrictive nor accommodative). However, institutional traders are still predominantly bullish on the euro-dollar rate, so let's take stock of the overall technical situation.
1) Institutional traders are still buying the euro-dollar rate (EUR/USD)
Every Friday, the CFTC's Commitment Of Traders (COT) report provides access to the positioning of institutional traders (asset management traders and hedge fund traders) on EUR/USD futures contracts. Net positioning represents the difference between buy and sell positions. If the net position curve is above zero and following an upward trend, then institutional investors are buying. This is precisely the case for the EUR/USD institutional net position, with over 60% of institutional investors buying. As for the absolute net position, it is well above zero and has been trending upwards for the past three months.
The chart below shows the weekly Japanese candlesticks for the EUR/USD rate, as well as the net position of institutional traders on the EUR/USD rate in the form of the percentage of buy positions.
The second chart below is a histogram revealing the institutional net position in absolute terms (yellow line), which is following an upward trend and broke through descending resistance several weeks ago.
2) In terms of technical analysis, the EUR/USD rate is backed by support at $1.10/$1.12, but remains covered by major resistance at $1.15.
The monthly chart gives an opinion on the medium/long-term trend. A study of the monthly chart of the euro-dollar exchange rate highlights a bullish signal that has been given over the last two months. This is the bullish technical breakout of a downtrend line that joins all the most prominent peaks since the 2008 financial crisis. If this graphic signal is not invalidated by a bearish reintegration, then the trend will remain bullish for the euro-dollar rate in the medium term, with corrections still possible in the short term.
This market view would therefore be invalidated in the event of a break of support at $1.10/$1.12 on the basis of a minimum weekly close.
Long-term chart showing monthly Japanese candlesticks for the euro-dollar rate, highlighting the bullish technical breakout of resistance in place since the 2008 financial crisis.
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EURUSD on the rise Yesterday, EURUSD continued its bullish move and reached the first target at 1,1427.
Now, watch how it reacts around the support levels.
If it bounces, we could see new buying opportunities.
The main target remains a break above the previous high and a move toward 1,1563.
Don't forget about the upcoming news at the end of the week - manage your risk accordingly!
EURUSD H4 I Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward buy entry level at 1.1367, a pullback support that aligns with the 38.2% Fibonacci retracement.
Our take profit is set at 1.1482, a pullback resistance that aligns closely with the 127.2% Fibonacci extension.
The stop loss is placed at 1.1286, a pullback support.
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EURUSD - Swing Short Potential OpportunityEURUSD may potentially retest the previous high and trade between fib extension levels 38.2% and then range potentially in that level before pushing higher to the 61.8% extension level retesting and breaking out for a liquidity grab and stop hunt for retails before pushing back down trending back to the mean and retesting previous floor. The 1.1550 & 1.1650 are key historic levels where there has been lots of EURUSD previous action. Expect price to bounce around these areas and trap longs what I think has a high probability of happening per my prediction.
Tips on Counting Waves: Keep It Simple🔍 The Foundation: Motive vs. Corrective Waves
Every price move can be classified into one of two types:
Motive waves (which move in the direction of the trend)
Corrective waves (which move against it)
From there, we break it down into five core patterns:
Impulse
Ending Diagonal
Zigzag
Flat
Triangle
Each has its own rules and guidelines—but don't get overwhelmed. You don’t need to memorize everything before getting started.
🛠️ Chart Labeling Tips for Beginners
When you're looking at a new price chart (especially a forex chart), here are some practical steps to follow:
Start from an extreme — either a major high or low. That gives you the cleanest structure.
Look for clarity — big, strong moves are usually motive waves. Choppy sideways moves are usually corrections.
Use higher timeframes — if you’re planning to hold long-term, weekly or monthly charts in log scale are most helpful.
Avoid complexity at first — don’t start by labeling patterns like expanding diagonals or triple zigzags. Stick with the basics: 5’s and 3’s.
Remember wave tendencies — Wave 3 is usually the strongest and longest wave in a motive structure. In commodities, though, Wave 5 is more commonly extended.
Look for Wave 3 as a clue — One of the biggest clues when trying to figure out where you are in the Elliott Wave structure is to find Wave 3. It typically has a strong, impulsive character and stands out clearly on the chart. Once you’ve spotted Wave 3, it becomes much easier to build the rest of the count around it.
⚠️ Don’t Force the Count
If the structure isn't clear, don’t try to label it anyway just for the sake of having a count. Trading when the chart is unclear is like driving 100 km/h in heavy fog.
💡 If you can’t count it, don’t trade it.
When you do spot a clean 5-wave move, it often implies that a correction will follow—usually into the area of the previous 4th wave. That’s a high-probability area to watch for setups.
Here’s an example of a clean 5-wave move up. You can clearly see:
Wave 1: Initial surge
Wave 2: Pullback
Wave 3: Strongest move (often extended)
Wave 4: Sideways correction
Wave 5: Final push
🤯 Avoid the “Alice in Wonderland” Trap
Don’t fall down the rabbit hole of switching between timeframes endlessly:
Weekly → Daily → 1H → 15m → 5m → 1m... and still confused.
Take a step back. Zoom out. Look at the shape, the rhythm. The story becomes clearer.
🧩 Patterns Are Probabilities, Not Predictions
Just because a pattern could be something complex doesn’t mean it should be labeled that way. Always ask:
Is it probable, or just possible?
Occam’s Razor applies here: the simplest explanation is usually the best one.
🔺 Reminder About Triangles
If you see sideways, contracting price action near the end of a move, chances are it’s a triangle.
Triangles precede the final wave in a sequence.
Don’t try to get clever and label skewed or complex variations unless you have strong confirmation.
🧠 Final Takeaways
Keep it simple: start with 5s and 3s.
Focus on clear impulse and correction structures.
Don’t trade what you can’t confidently label.
Wave 3 is your guidepost—if you can spot it, the rest often falls into place.
Complexity comes with experience—but you don’t need it to trade effectively.
EUR/USD Analysis – June 3rdEUR/USD Analysis – June 3rd
The current price is around 1.1430.
In my opinion , the pair is showing signs of a potential downward move, with a first target at approximately 1.1390.
If the bearish momentum continues, a further decline toward 1.1360 could follow.
This reflects a short bias for today’s trading setup.
Stop lose: I recommend using a trailing stop-loss of 14 pips to manage risk and protect profits during the move.
Disclaimer:
This analysis represents my personal view and is shared for informational purposes only. It is not financial advice or a solicitation to buy or sell any financial instrument. Please do your own research or consult with a licensed financial advisor before making any trading decisions.
EUR/USD Forecast: Impulse Wave Progressing TowardThe EUR/USD is currently exhibiting a well-defined impulsive structure following the completion of a corrective (ABC) phase. The market has successfully formed waves (1) and (2), and is now advancing within wave (3), which typically carries the most momentum in an Elliott Wave cycle.
The ongoing rally suggests wave (3) is targeting the 1.15350 level — a key Fibonacci projection area that aligns with previous structural resistance. Momentum remains strong, supported by bullish market structure and sustained buying pressure.
Should wave (3) conclude near this zone, a brief corrective pullback into wave (4) is anticipated, likely retracing toward the 1.14440–1.14730 support range. This would offer a potential entry opportunity before the market resumes its higher trajectory in wave (5), targeting the 1.16077 level.
T1: 1.14857
T2: 1.15090
SL: 1.13867
HEAVILY BULLISH -Price is heavily bullish
-Expecting price to react at marked 4H Supply
( expecting CRT entry model from marked Supply or confirmation entry)
- The pullback can be a minor pullback or a major pullback- meaning the 1st marked demand ( Low probability demand LP demand can hold and expect Buys from there or it can fail then we expect that HP demand to hold for longs.
So once price tapped in the 1st Point of Interest we can confirm on LTF if price is going to hold for longs or fail.....confirmation entries
EURUSD CRACK!I first turned bullish on the EUR back in November 2024 after the disastrous election results.
I have always felt the 105 area was a good area to go long, fundamentally going back all the way to 2017. Here is an example.
After 17 years of data, we can all agree that the 105 area was a great value to get long the EUR. Now we see a major CRACK! in the chart with the fundamentals to back it up.
Again, I remind you I am a MACRO Trader. So my trades hold for a long, long time unless the facts change. I don't do 3 pips and i am out crap!
Let this be a WARNING! To the dollar bulls!
Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets, too. ))
EUR/USD nears breakout as ECB prepares another rate cut?The European Central Bank is expected to cut interest rates again this week, marking its eighth consecutive reduction as policymakers attempt to support sluggish growth across the eurozone. Markets widely anticipate a 25-basis-point cut, which would bring the deposit rate down to 2.00%.
EUR/USD is testing the upper boundary of a triangle formation visible on the 4H chart. Price action has tightened in recent weeks, and the pair is now attempting a breakout near the 1.1440 zone.
A confirmed close above this resistance could signal a bullish continuation, with upside targets around 1.1500 and 1.1620. Momentum indicators like RSI could be watched to confirm the strength behind any breakout. On the downside, immediate support possibly rests at 1.1350.