USDEUX trade ideas
Bullish bounce?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.1451
1st Support: 1.1342
1st Resistance: 1.1614
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EURUSD H1 I Bearish Reversal Based on the H1 chart, the price is rising toward our sell entry level at 1.1538, a pullback resistance that aligns with the 50% Fib retracement.
Our take profit is set at 1.1454, a pullback support that aligns with the 127.2 Fib extension.
The stop loss is set at 1.1570, an overlap resistance.
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EURUSD before the FEDThe escalating conflict in the Middle East between Israel and Iran, which appears to be intensifying, is driving investors toward safer assets, leading to a stronger USD.
Today, all eyes are on the FED’s interest rate decision.
Watch for potential reactions at key support levels and a possible continuation of the current trend.
However, ahead of the announcement, it's advisable to reduce risk exposure and hold off on opening new positions.
EURUSD PO3If a range forms in this area with distribution into HTF supply, there is a chance of a bearish PO3. One target for this could be the range demand starting in 2022. It is too early to predict this local distribution, as this has only been the first deviation. However, if it does not exceed the deviation limit and the supply, I will continue to monitor it. Starting in January 2025, there was a bullish PO3 that has already reached its technical target. However, it could expand further, invalidate this setup, and keep this demand for later. I will either discard or update this idea depending on developments.
Goldman and BofA agree: The dollar is losing its edgeGoldman Sachs now expects the EUR/USD to hit 1.20 by the end of the year. While this prediction draws comparisons to the 2017 rally in the pair, Goldman notes a key difference. This time, the pricing reflects pessimism in the US dollar, rather than optimism in the euro.
Bank of America seemingly agrees and warns that even a “hawkish” dot plot at this week’s FOMC meeting, where Fed officials signal fewer rate cuts, may only cause a brief bout of euro weakness against the dollar.
EUR/USD has recently broken out of a long-term descending triangle pattern, which capped price action from mid-April through early June, aligning with Goldman Sachs’ and BofA’s view of a broad EUR strength/ USD weakness.
This recent pullback to the 1.1480 area is a retest of former resistance turned support, suggesting a potential continuation pattern if buyers defend this level.
euro/usdtrade 5 as u can see from our last trade 5 its where we want it and the entry level is where my take profit is once it hits this mark asre be looking for a reaction agaist the red daily surport/resitance line and let it be used as a surport line to retrace and possibly make a new high but are aim would be just to test the highest high on the charts
EUR USD Price has previously rejected from the resistance zone in DTF, and Also traded in an ascending triangle and also formed a double top pattern and held d bearish Trendline, which are all indications of a Bearish trend and movement as seen.
And priced moved perfectly in our Direction 🔥
_THE_KLASSIC_TRADER_.