Black Friday saleUp to 70% OFF

Euro / U.S. Dollar

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

EURUSD trade ideas

EUR/USD is damaged below 1,0500Dear friends, the EUR/USD pair is struggling to find any significant momentum and is trading within a narrow range below the 1.0500 level. The fundamental context seems to favor bearish traders. The EUR/USD exchange rate rose to 1.0595 and then retraced, forming a short-term double top pattern. The downside move below 1.0560 confirmed this pattern, with the target being achieved at 1.0530. This pattern suggests that the currency pair may have reached a short-term peak. If the exchange rate breaks below 1.0520, it could further weaken the Euro, with the next significant support level at 1.0500. On the upside, the pair would need to reclaim the 1.0565 level to indicate another test of the important resistance level at 1.0595. Breaking above this level would open the door for further gains, targeting 1.0630.
Short
by Samson-FX
EURUSD - Predicted October 20Chairman of the US Federal Reserve (Fed) Jerome Powell said that inflation has cooled down, but the agency is still determined to bring back the 2% target. In a speech on October 19 in New York, Jerome Powell admitted that tightening policies had brought inflation back under control, but emphasized that the Fed still needed to be cautious in pursuing its goal. "Inflation is still too high. A few months of good data is just the beginning to give us confidence that inflation is returning to target. But we still don't know how long these good numbers will last, or Where will inflation be in the coming quarters?" he said. He affirmed that Fed officials "unanimously committed to bringing inflation to 2%". This speech raises questions about the Fed's upcoming policy after a series of consecutive interest rate increases. The Fed has raised interest rates 11 times since March 2022, to the current 5.25%. This is a 22-year high.
Short
by NicoTradingMaster
EUR/USD price analysis: Achieving modest increaseHello dear friends! Today, the EURUSD experienced modest gains during the Asian trading session on Monday. It is evident that the recovery of this currency pair is supported by a weaker US dollar (USD). As of the time of writing, EUR/USD is trading at 1.0525. From the technical analysis chart: As mentioned, immediate resistance for EUR/USD can be seen at 1.0558. Additional price increase filters will appear at 1.0578. Any further buying trades above this level will witness a recovery towards the key barrier at 1.0600, describing a psychological round number and the highest level of October 6th. Moving further north, the major currency pair will challenge the next resistance at 1.0640 (high of October 12th), followed by 1.0655. On the other hand, 1.0477 serves as the initial support level for EUR/USD. The next dispute to monitor is near the lowest level on October 4th at 1.0450. The next stop is in the range of 1.0400-1.0405, representing a psychological sign and the highest level of October 17th. A decisive break below this level will result in a decline towards 1.0330 (low of November 16th, 2022).
Short
by Samson-FX
EURUSD continues to fall into the fieldHello dear traders! Currently, the EUR/USD is holding higher but still below the 1.0600 level in Asian trading on Wednesday. The risk-off sentiment is dominating and weighing on the US Dollar, particularly in the face of optimistic data from China. Lagarde's speech and EU/US data are being closely watched. On the 4-hour chart, the price is well supported and is currently trading around the 1.0574 level. The current resistance level is around 1.0600, and breaking above that level will attract attention towards 1.0630. Closing the day above that level will pave the way for further gains. On the other hand, a drop below 1.0540 will weaken the outlook for the Euro, causing it to decline towards 1.0500.
by Samson-FX
BIGSHADOW IN EURUSDEntry: Enter a long (buy) position after the bullish engulfing pattern is confirmed. The bullish engulfing pattern occurs when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous one. Stop Loss (SL): Place a stop-loss order below the low of the bearish candle in the bullish engulfing pattern. This is done to limit potential losses if the market doesn't follow the expected reversal. Take Profit (TP): Set a take-profit level based on your risk-reward ratio or technical analysis. This could be a resistance level or a predefined profit target. Tags: Use tags or comments in TradingView to label and organize your analysis. For example, you could tag your entry as "Bullish Engulfing Entry," your stop-loss level as "SL," and your take-profit level as "TP." #EURUSD #Forex #TechnicalAnalysis #BullishEngulfing #TradingSignals #RiskManagement #PriceAction #SupportAndResistance #TradeSetup #CurrencyTrading #MarketAnalysis #TradingStrategy #FibonacciRetracement #ChartPatterns #ForexSignals #TradingPlan #RiskRewardRatio #MarketTrend #ProfitTarget #TechnicalIndicators
Long
by Sefinsha
EURUSD stays in bear’s jaws ahead of US Retail SalesEURUSD stays within a three-month-old bearish trend channel despite rising the most in October the previous day. Adding strength to the bearish bias is the looming bear cross between the 100-day SMA and the 200-day SMA, as well as the steady RSI (14) line. However, three-week-long horizontal support surrounding 1.0500 joins the bullish MACD signals to restrict the immediate downside of the Euro pair. Following that, the monthly low of around 1.0450 will act as the final defense for the bulls before driving prices down towards the aforementioned channel’s bottom line, close to 1.0350 by the press time. Meanwhile, EURUSD recovery needs to defy the bearish channel pattern, by clearly crossing the 1.0600 hurdle, to convince the short-term buyers. Even so, a horizontal area comprising multiple levels marked since May, near 1.0620-35, will be a tough nut to crack for the bulls. It’s worth noting that a convergence of the 100-day SMA and the 200-day SMA, near 1.0830 at the latest, holds to key to the bullish trend. To sum up, the EURUSD remains within a bearish trajectory as markets await the Eurozone/German ZEW data and EU EcoFin Meeting, as well as the US Retail Sales. The same suggests that the outcome favoring the US Dollar, or weighing on the Euro, will have a clearer response than the otherwise.
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.
Short
by okako_trading