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EURUSD trade ideas

EURUSD Fluctuates, Downside Risks Increase!Hello everyone, today let's take a moment to reflect on the movements of EURUSD. Will it rise or fall? Here are some detailed insights and analysis from Alisa regarding this currency pair. Currently, the uptrend of EURUSD has weakened, with the price fluctuating at 1.1159, down 0.15%. With the upcoming Fed meeting, the market is very cautious. If the Fed signals an interest rate hike, this could put pressure on the Euro and push the pair lower. Looking at the chart, the trend seems to be shifting to a sideways move and possibly a decline. With support at 1.114, the pair will test resistance at 1.119. If it fails to break this resistance, the pair is likely to drop further. That’s my analysis, what do you think?
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
EUR/USD Likely to Decline: Is This an Opportunity for Investors?Hello everyone, I’m Alisa. Today, let's take a look at the situation of the EUR/USD currency pair! Today, EUR/USD was unable to maintain its recovery momentum and continued to fall to the 1.1140 level. This pullback during the short-term consolidation occurred as the market pivoted, driving the U.S. dollar higher. Looking at the technical chart, it's highly likely that the price will hit the support level at 1.100 and then rise to test the resistance at 1.118. If it fails to break through this resistance, the price may reverse and fall again. Investors should closely monitor technical indicators and economic events to find trading opportunities. So, what do you think about the outlook for the EUR/USD pair in the near future? Will the Euro recover or continue to weaken? Feel free to share your thoughts!
by Alisa_Rokosz
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
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
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
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
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
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: Breakout or Pullback Amid Volatility?EUR/USD is "hovering" around 1.11636, with a significant "barrier" at 1.11826 and a key "support" at 1.11034. The widening Bollinger Bands signal that a wave of volatility could strike at any moment. RSI is at 59.09, indicating strong buying pressure, but still has room before entering overbought territory. If EUR/USD breaks past 1.11826, it could continue its upward surge, but failure to do so might lead to a pullback towards 1.11034. The "winds" of inflation data and interest rates from the Eurozone and the US will shape the next move!
by Romio_pro
Will the EUR/USD price surge in the near future?Hello everyone, I’m Alisa. Today, let’s predict the movement of the EUR/USD price. Although last Thursday, the U.S. Department of Labor showed positive signs with a decrease in jobless claims, the USD continued to decline after the Fed meeting on September 19th. This has impacted and allowed EUR/USD to rise higher. Looking at the chart, we can see that the price within the price channel is trending upward. However, I believe it could still make a downward correction. But this is nothing to worry about, as with the support level at 1.111, we can expect the price to reverse and rise again. What about you? What do you think?
by Alisa_Rokosz
EUR/USD: The Game Speeds Up Ahead of Fed’s Crucial HourEUR/USD is currently in a “pressure-cooker” phase as the price climbs to 1.11677, approaching the critical resistance level at 1.11916. The bullish momentum is like an arrow shot straight upward, but will it have enough strength to break through and reach 1.12444? Or is this the moment when the market prepares for a “reversal” towards the support at 1.11225? The EMA 34 and 89 are still holding the bullish trend intact, but don’t forget that this afternoon’s Fed meeting is a “ticking time bomb” for major volatility. With each interest rate announcement, the EUR/USD pair could either be “propelled” higher or experience a sharp “reversal.” Traders need to buckle up, as this event could trigger a strong breakout or potentially signal the end of the current upward movement.
by Romio_pro
EUR/USD Awaits Fed Signals, Potential for CorrectionEUR/USD paused its short-term rally on Tuesday, remaining hesitant above 1.1100 as traders anticipate Wednesday’s Fed meeting. EURUSD is currently trading around 1.11302 after peaking at 1.11455. If it fails to break the strong resistance at 1.11455, the price may correct towards the support level at 1.10741, before recovering back to 1.11135. The EMA 34 (1.11029) and EMA 89 (1.10841) continue to support the uptrend, but indicators show signs of weakening. MACD convergence signals a potential short-term correction.
Long
by Romio_pro