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EUR/USD (OANDA EU Clients)

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EUR/USD: Tension at Support and Resistance LevelsThe EUR/USD chart is painting a tense picture as prices hover around $1.10714. With strong support at $1.10501, buyers are making efforts to defend this crucial level, preventing deeper declines. However, the major challenge lies at the $1.11451 resistance, and a strong rally could unfold if buyers manage to break through. Support from the EMA 34 ($1.11299) and EMA 89 ($1.11238) also plays a key role in reinforcing the upward momentum. If the price fails to surpass the $1.11451 resistance, a correction may occur, bringing the price back to the $1.10501 support, waiting for another chance to rise toward the significant resistance zone at $1.12134. However, key economic news from the U.S. will be the main factor determining the next direction for EUR/USD. Will the rally ignite, or will the price turn back for a correction? Stay tuned for the exciting developments ahead!
Long
by Sevenn01
1
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
2
EUR/USD Analysis: Potential Buy Opportunity at Key Demand ZoneThe EUR/USD is currently testing a strong demand zone on the daily timeframe, located around 1.1000 - 1.1050. This area has consistently acted as a key support level in recent price action, offering potential for a bullish reversal if market conditions align. Key Technical Factors: Demand Zone: The price is approaching the major support region after multiple retests, suggesting that buyers could step in soon. Bullish Setup Confirmation: Wait for clear reversal patterns such as a bullish engulfing or pin bar on lower timeframes (H4 or H1) to confirm entry. Only initiate a BUY position once a strong reaction is seen. Trade Plan: Entry : On confirmation of a bullish price action pattern. Stop Loss: Below the 1.0950 level to manage risk. Target: First target at 1.1150, with potential for further upside depending on momentum. This setup aligns with the market's technical structure, but patience is key for a safer entry. Let's see how the price reacts! FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106. The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend. Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high. A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300. Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
Long
by Romio_pro
EUR/USD: Tension at $1.10051EUR/USD reveals a tense battle between buyers and sellers, as the price hovers around $1.10334. Sellers are in control, pushing the price toward the critical support level at $1.10051. This is a key threshold: if broken, the price could plummet, opening up significant selling opportunities. On the other hand, buyers haven’t given up yet. They’re striving to regain control and push the price back to the minor resistance at $1.10792. If they can break through this level, a short-term recovery might unfold. But if unsuccessful, sellers will strengthen their position, driving the price even lower. The situation grows more intense with key economic data from the U.S. and Europe set to be released, potentially shifting the market dynamics. Will EUR/USD break through support and dive lower, or will the buyers rally and turn the tide?
Long
by Sevenn01
EURUSD: Bulls need validation from 1.1200 and Fed Chair PowellEURUSD is gaining support after falling from a 14-month high, as buyers wait for comments from US Federal Reserve (Fed) Chairman Jerome Powell. Upside remains favored The EURUSD pair is holding above a two-week rising support line and the 200-SMA, along with an upward trend line from late June, which keeps buyers optimistic. The steady RSI (14) also indicates a slow upward movement. Technical levels to watch Even with key support levels helping the EURUSD pair and the RSI suggesting an upward trend, the bulls may struggle to break through the horizontal resistance around 1.1200. If they succeed, the next targets could be the 50% and 61.8% Fibonacci Extensions (FE) of the pair’s August-September moves, respectively near 1.1215 and 1.1265. The previous yearly high around 1.1275 is a crucial point for the bears; if that breaks, prices could reach the 2022 peak of 1.1495. Meanwhile, EURUSD sellers should look for a clear drop below the immediate rising support line around 1.1125 to enter the market. However, the 200-SMA and a three-month trend line near 1.1080 and 1.0950 will be important obstacles for sellers. If the price stays below 1.0950, it could fall further toward the previous monthly low of 1.0780. Charts, Powell in the spotlight Along with the technical factors, comments from Fed Chair Powell will be important for EURUSD bulls. The recent rise is driven by market expectations of two more 0.50% rate cuts from the US central bank in 2024. If Powell dismisses these expectations, which seems unlikely, a downward reversal in Euro prices could happen.
by MTradingGlobal
1
EMAs Support Bullish MomentumEUR/USD is showing signs of recovery, with the price trading near the resistance at 1.1200. The 34 EMA and 89 EMA have both undergone a crossover phase, which is usually a positive signal, suggesting that the bullish momentum could continue. The current chart shows the pair breaking out from lower levels, heading towards the resistance levels above. Based on the current EUR/USD chart and the bounce from recent support levels, the prediction is that the pair could continue to rise in the short term. The crossover of the 34 EMA and 89 EMA, coupled with the price currently testing the resistance zone around 1.1200, suggests that the bullish momentum could continue. If the price successfully breaks above 1.1200, the next target could be the 1.1250 area.
by Alexander_FXTrading
EURUSD: Will the price rise or fall today?Hello everyone, today let’s reflect on the movements of EURUSD together with Alisa! Thanks to the weakening US dollar, EURUSD has seen an increase. However, with recent market fluctuations, investors need to be more cautious about the signals that might impact this currency pair. When observing the chart, EURUSD’s trend is still on the rise. Although there is a slight decline near the peak at 1.115, this shouldn't be an issue. If support is found around 1.112, the pair could resume its upward momentum and possibly break through the target level of 1.120. That’s Alisa’s perspective! Do you agree with me?
by Alisa_Rokosz
EUR/USD: Break $1.12009 Resistance or Correct?The EUR/USD chart from September 26 reveals a dramatic race between buyers and sellers. After reaching $1.11540, all focus is now on the tough resistance at $1.12104 — the barrier that will determine whether EUR/USD can continue to break out. The support level at $1.11172 acts as a strong shield, maintaining the upward momentum. If this resistance is broken, the pair could unlock potential for new highs. In this context, any shifts from Fed statements or Eurozone economic data could dramatically alter the outcome.
Long
by Romio_pro
Weakening of the USD: Will EUR/USD continue its uptrend?Hello everyone, Alisa here! Today, let’s analyze the EUR/USD currency pair together! The weakening of the Greenback, amidst growing speculation about a significant rate cut by the U.S. Federal Reserve (Fed) in November, has strongly supported the EUR/USD pair, pushing it up to 1.1193. Looking at the technical chart, we can see that both the EMA 34 and EMA 89 have experienced a crossover, which is a positive sign that the uptrend may continue. Additionally, with support at 1.115, this pair could break through the resistance at 1.119 and continue to rise. However, if it fails to break this resistance level, the price may reverse back to the nearest support level. This is my opinion, what about you? Do you think this pair will rise or fall?
by Alisa_Rokosz
EUR/USD: Break $1.1253 Resistance or Await a Pullback?EUR/USD is currently climbing around $1.11950, strongly supported by two solid "fortresses" at EMA 34 and EMA 89, located at $1.11390 and $1.11107. A clear uptrend has formed, with solid support at $1.10864, ensuring the momentum remains intact. The key focus now is on the critical resistance at $1.1253 — the gatekeeper determining whether the uptrend can break through to new highs. With significant economic factors from the US and Europe on the horizon, including key Fed speeches and PMI data, the market may experience sharp volatility. Traders should be ready for action: will you seize the breakout opportunity or wait for a pullback to enter at an optimal level? Opportunity favors the prepared!
by Romio_pro
Disappointing PMI Data: EUR/USD Loses Upward MomentumHello everyone, it's Alisa here. Today, let's explore how the EUR/USD currency pair is fluctuating! The EUR/USD pair has ended its upward momentum, continuing to decline today. This drop occurred after the release of PMI data, which showed that economic activity in the Eurozone is slowing down, while the U.S. data was only slightly better. On the 1-hour chart, the pair might gain upward momentum from the support level at 1.109. However, it is likely to soon reverse due to resistance around 1.113, along with confirmation of a reversal by the EMA 34 and 89. Therefore, the downtrend could continue. That’s Alisa’s analysis. What about you? What do you think?
by Alisa_Rokosz
Is There a Reversal at Support?In early trading today, I observed that the Euro is under continued downward pressure against the US Dollar, with the current price pattern reflecting a clear long-term downtrend. This downtrend line is marked by the price making lower highs and lower lows, a must-see for traders looking for signs of a reversal. At the moment, the price is trading close to a strong support zone, which I expect to be a key test for the current trend. If this zone fails to hold, we could see a deeper decline. However, if the price bounces back from this support zone, it could represent a strong buy signal, leading to a potential reversal.
by Callmezoey
Where Will EUR/USD Head After U.S. Employment Data?Hello everyone, it's me, Alisa again. Will the EUR/USD pair rise or fall today? Let's make a guess together! The strengthening USD has put pressure on major currency pairs during this morning's trading session. The market is currently in a wait-and-see mode, anticipating U.S. employment data to make the next trading decisions. This report is expected to provide deeper insights into inflation and the Federal Reserve’s monetary policy. The EUR/USD pair is fluctuating at 1.1027, with the EMA showing a bearish reversal. If the pair encounters resistance at 1.107 and fails to break through, it will reverse and decline. In that case, the support level at 1.102, which has played an important role in the past, may continue to serve as a key point for this pair. However, if selling pressure increases and other technical indicators also send negative signals, this support level could be broken. These are Alisa's thoughts. What about you? What do you think?
by Alisa_Rokosz
EUR/USD Faces Deep Decline Risk After Double Top FormationThe EUR/USD chart shows a double top formation, a clear signal that the downtrend could continue. Currently, the price is hovering around $1.10285, a critical support level. If it fails to hold, the downtrend will likely persist, potentially driving the price lower towards the next support levels at $1.09062. Notably, the two take-profit points (TP1 and TP2) on the chart indicate the levels where traders secured gains before the price faced heavy selling pressure. The bears are in control, and if the support at $1.10264 breaks, there’s a high probability of the price correcting further downward. The 34 and 89 EMA lines are currently above the price, adding to the downward pressure. This suggests that the bullish momentum has weakened, and the buyers have limited chances to reverse the trend unless supported by external factors like economic news from the US.
Short
by Sevenn01