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Euro / U.S. Dollar

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EURUSD trade ideas

EURUSD: opportunities given by fed ratesBecause of yesterday’s fed rate announcement, price has made drastic and strong upward move and during such conditions there is good probability that the price will retrace to 61.8% fib level and rally upto 161.8% level. Based on this concept there is a valid order block ( one which has broke structure) with a fvg (this is a confluence in itself). Price is likely to take Sellside liquidity and reach upto fvg or order block which are our point of interest and wait for bullish change of character on lower timeframe. Though price is likely to reach 161.8% level our first profit booking will be at buyside liquidity and then shift our SL to breakeven or an understandable level. Keep hustling, keep grinding!
Long
by Siddhantmhaiske
EURUSD bulls approach 1.0970 hurdle ahead of ECBEURUSD prints a four-day winning streak while refreshing the monthly high around 1.0915 as traders await the European Central Bank’s (ECB) monetary policy announcements on early Thursday. The Euro pair’s latest recovery takes clues from the US Federal Reserve’s (Fed) dovish halt, as well as the upbeat RSI and MACD signals. Adding strength to the upside bias is the quote’s successful trading beyond the 100-SMA. With this, the major currency pair is likely to extend the previous week’s recovery toward the 1.0970 resistance confluence comprising a downward-sloping resistance line from July and a 61.8% Fibonacci retracement of July-October fall. Apart from the 1.0970, the 1.1000 psychological magnet and the previous monthly high of around 1.1020 also act as additional upside filters, a break of which will allow the bulls to challenge the yearly peak of 1.1275 marked in July. On the flip side, the 50% and 38.2% Fibonacci ratios, surrounding 1.0865 and 1.0760 respectively, restrict the immediate downside of the EURUSD pair. Following that, the 100-SMA and the 50-SMA will challenge the Euro bears near 1.0750 and 1.0730 in that order. It’s worth noting, however, that a horizontal area comprising multiple levels marked since late May, close to 1.0670, appears a tough nut to crack for the pair sellers to break afterward. Overall, the EURUSD pair appears all set to poke the 1.0970 hurdle but the quote’s further upside hinges on the ECB’s hawkish move, which is less likely to happen.
by MTradingGlobal
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
EURUSD IS ON OUR BOSS cUsToDyThe EURUSD pair is currently exhibiting a bearish engulfing pattern on the daily chart, signaling a potential reversal of the recent uptrend. The bearish engulfing, with a sizable bearish candle completely overshadowing the preceding bullish candle, suggests a shift in market sentiment from bullish to bearish. Bearish Engulfing Pattern: The strong bearish engulfing pattern is a compelling signal of a potential trend reversal, indicating increased selling pressure. Downtrend Confirmation: The bearish engulfing aligns with a broader analysis indicating a weakening Euro against the US Dollar. Fundamental Factors: Keep an eye on upcoming economic data releases, central bank statements, and geopolitical events that could further support a bearish outlook for the Euro.
Short
by Sefinsha
Perspectives Euro/Dollar: Between Stability and UncertaintyThe euro/dollar currency pair has been experiencing significant fluctuations in recent weeks, showing a mixed trend between stability and uncertainty. This week, experts are divided in their forecasts for the euro/dollar, with some indicating a possible fall to 1.02 by the end of the year due to the sustained strength of the dollar​​, while others see the euro/dollar "trapped between two opposing stories" with no clear direction​​. Recently, the dollar reached two-month lows against the euro, leading markets to expect a softer policy from the U.S. Federal Reserve​​. In technical analysis, it is observed that the euro/dollar pair is trading within a descending channel formation in the short term. Despite having reached its highest gains in three months, the exchange rate seems to be stabilizing​​. Fundamentally, the Euro's quotation seems to depend on investor sentiment regarding the economic recovery of the Eurozone and the policies of global central banks. Recent economic data, such as the German consumer price index and the U.S. third-quarter GDP, have influenced the behavior of the currency​​. The current market dynamics indicate a short-term bearish bias for the euro/dollar, suggesting possible extended falls. However, in the long term, the currency pair shows an upward channel on the daily chart, which could mean future gains for the euro against the dollar​​. In a broader context, the euro has risen 4.6% from the year's lows, reaching levels close to 1.1 dollars, driven by the widespread weakness of the dollar and the end of the rate hike cycle by both the European Central Bank and the Federal Reserve​​. The recent moderation of the U.S. inflation rate has led markets to anticipate a possible interest rate cut by the Fed in the coming months​​. Moreover, the dollar's decline has created a risk-tolerant environment, shifting investment from safe-haven assets to riskier ones, including the euro​​. The euro, for its part, has recorded its highest monthly gain since November 2022, reflecting the current market dynamics favoring the European currency​​. Upcoming inflation data in both the United States and the Eurozone will be crucial in determining the future direction of the euro/dollar. Any surprises in these data could influence market bets on rate cuts, positively impacting the euro​​. In conclusion, the immediate future of the euro/dollar appears uncertain, with possible fluctuations driven by economic data and central bank policies. Investors will need to pay close attention to key indicators and policy decisions in the coming weeks to better understand the potential direction of this important currency pair.
by Ivan_Campuzano
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
Daily Bias combined with liquidity hunt on EURUSD Based on Daily bias price has still not taken yesterday’s high, price is continuing its move of retracement and there is high probability that market will close below yesterday’s low. There is buyside liquidity on 15min timeframe which market is supposed to take and enter 4H order block and make change of character with bearish displacement. When the market takes buyside liquidity shift to lower timeframe to find entries on right side of v ( on confirmation of bearish change of character) and aim for sellside liquidity. Note: price is fractal in nature in nature. Movements you find on higher timeframe are also present on lower timeframe.
Short
by Siddhantmhaiske
EURUSD rebound appears elusive below 1.0930EURUSD floats above 100-SMA on early Monday, after posting the first weekly loss in three. However, the quote remains well below the key resistance confluence surrounding 1.0930, which comprises the 50-SMA, the bottom line of a monthly bullish channel and a downward-sloping trend line from November 29. It’s worth noting that the RSI rebound from the oversold territory allows the Euro pair to lick its wounds but the bearish MACD signals and sustained trading below the key upside hurdle keep the sellers hopeful. Even if the quote crosses the 1.0930 resistance, a fortnight-old rising trend line and the stated channel’s top line, close to 1.1050 and 1.1130 in that order, will test the pair buyers. On the contrary, the 100-SMA and a 13-day-old horizontal support zone, respectively near 1.0870 and 1.0830, restrict the short-term downside of the EURUSD pair. Following that, the early November swing high of around 1.0750 will act as the final defense of the Euro buyers before opening the door for the bears to aim for the October swing high of around 1.0670. In a case where the quote remains bearish past 1.0670, it becomes vulnerable to drop towards the previous monthly low surrounding 1.0515. Overall, EURUSD bears are in command despite the pair’s latest consolidation. However, the RSI conditions and this week’s US jobs report will be crucial to watch for clear directions.
by MTradingGlobal
EURUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading