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EUR/USD_SPT - EUR/USD

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EURUSD_SPT trade ideas

EUR/USD Slips Amid Strong Downward MomentumThe current downtrend in the EUR/USD pair is evident, with the price testing a critical support level around 1.0550. Over the past few months, EUR/USD has consistently depreciated, largely driven by the strengthening of the USD and unfavorable factors for the Euro. This support level has previously acted as a From a technical perspective, if this support zone fails to hold, the price is likely to continue its decline towards the next level around 1.0311, according to Fibonacci levels. This is a strong psychological level that could further pressure investors looking to maintain long positions. Signals from the moving averages also confirm the bearish trend, as these lines are aligned above the price, reinforcing the negative outlook.
Editors' picks
Short
by Mr_Siro
2
EUR/USD Potential Support Break in Descending Triangle PatternBased on the current EUR/USD chart, I notice that the pair is moving within a descending triangle pattern, a potential sign of a continuation of the downtrend. This is reinforced by the position of the 34 EMA and 89 EMA, both of which are sloping down and above the current price. This bearish bias suggests that selling pressure is overwhelming the market. With EUR/USD continuing to decline within the triangle, I believe that there is a possibility that the price will break the support at the lower edge of the triangle, especially since the pair has failed to break above the 34 EMA. The next important support level could be around 1.0600. If it breaks, EUR/USD is likely to continue to decline further.
by Maria_aaa
EUR/USD Under Pressure, Wedge Signals More WeaknessLooking at the EUR/USD 4-hour chart, I see the pair forming a falling wedge pattern, signaling a possible continuation of the downtrend. With both the 34 and 89 EMAs above the price and sloping down, this suggests that selling pressure is still dominant. In the short term, a key support level could be found around 1.0500. If EUR/USD breaks this support level, it is likely to continue falling further, aiming for further targets in the 1.0400 area. Conversely, if there is a bounce from the bottom of the wedge, the pair could retest the resistance at the top of the wedge pattern.
by Maria_aaa
2
EURUSD : Sell ​​when the price decreases !The EUR/USD pair is currently facing a strong resistance zone around 1.0710, which could determine its next directional move. Recently, the pair has shown a bearish trend, with each attempt at recovery met by selling pressure at key levels. If sellers maintain control, there is potential for further declines toward lower support levels. From a technical perspective, the price has respected a descending trend and remains below the key moving averages, signaling continued downside risk. Should the resistance hold firm, a retest of recent lows or even a further slide could be anticipated.
Short
by Mr_Siro
EUR/USD Bearish Pressure, Testing SupportLooking at the current EUR/USD chart, I see that the pair is facing some pretty clear bearish pressure. After a sharp decline, the price has reached the support zone around 1.0700 and is currently showing signs of a slight recovery. However, it is worth noting that the resistance zone near 1.0800 - 1.0820 above, combined with the 34 and 89 EMAs, is likely to create strong selling pressure for EUR/USD. If the price fails to overcome this resistance level and shows signs of weakness, I expect a new bearish wave to form, pulling EUR/USD back down to the support zone at 1.0700 and possibly even lower to 1.0580. This is the next important support zone that I will be watching closely. In the current situation, my trading strategy will be to wait for price reaction at the resistance zone of 1.0800 - 1.0820. If price rejection signals appear, I will consider short-term sell orders with the nearest target at 1.0700 and a potential further target at 1.0580.
by Maria_aaa
EURUSD - 15M TIMEFRAME ANALYSISFOREXCOM:EURUSD 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
EUR/USD: Double Top Pattern Signals Strong Bearish MomentumLooking at the current EUR/USD chart, I see that a double top pattern has formed, marking a strong reversal in the trend. After hitting the resistance zone at 1.1200, the price rejected that high and dropped to the support zone around 1.0700. Currently, the pair is within this support zone, but there are signs of further downside. The EMA 34 and EMA 89 are both pointing down, reflecting that the downtrend is still dominant in the medium and long term. This shows that selling pressure is very strong and the price is likely to continue to correct further down. If the support zone at 1.0700 is completely broken, my next target is expected to be around 1.0500. This is an important psychological support zone, and if it continues to fail, selling pressure will push the price down even lower. In the short term, I will wait to see if the price recovers slightly, but the main strategy is still to wait to sell when the price breaks the support levels.
by Maria_aaa
EURUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD EURUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
1
EUR/USD Drops Close to 1.0800Join Alisa for the latest update on the EUR/USD currency pair! The Euro is under pressure due to expectations from the ECB regarding a potential cut in deposit interest rates. Currently, the market is pricing in nearly a 50% chance of a 50 basis-point rate cut in the December meeting. Additionally, the EUR/USD pair’s weakness is compounded by a strengthening USD amidst the uncertainty surrounding the U.S. presidential election, as the race is nearly tied ahead of November 5th. All these factors paint a rather bleak outlook for the Euro in the near term. EUR/USD declined after two days of gains, trading around 1.0818 during Asian hours on Wednesday. Looking at the technical chart, the 34 and 89 EMAs have reversed, further reinforcing the downtrend for this pair. With significant resistance at 1.0823, the EUR/USD pair is likely to pull back toward the support level at 1.0813 and may even continue its decline to the previous support at 1.0797. The current situation indicates that the Euro may continue to face challenges, and investors should closely monitor upcoming developments to make informed decisions in this context.
by Alisa_Rokosz
EURUSD: Focus on 13-month-old support and EU/US GDPEURUSD retreats towards a key support level as traders prepare for Wednesday's Eurozone and US Q3 GDP reports. Despite this, the pair maintains a mid-October breakdown below the 200-SMA, while oscillators challenge continued bearish momentum. Bulls and bears jostle at key support While EURUSD sellers benefit from the drop below the 200-SMA and a stronger US Dollar, an upward trend line from October 2023, along with an oversold RSI and a potential bull cross on the MACD, may limit further declines of the major currency pair. Key technical levels The 13-month rising support line near 1.0770 is crucial for EURUSD sellers if the pair drops further. Below that, the monthly low of 1.0760 is an important level, with June and April lows around 1.0665 and 1.0600 as potential targets. For EURUSD buyers, recovery seems challenging without breaking the 200-SMA at 1.0870. Even if they succeed, the 1.1000-1.0980 zone, marked since January, poses a tough challenge. If the Euro bulls cross the 1.1000 hurdle, they’ll set their sights on the 78.6% Fibonacci Extension (FE) of the pair’s late 2023 fall and a 10-month-old rising trend line, close to 1.1100 and 1.1220 in that order. Further downside needs a strong catalyst With mixed oscillator signals, EURUSD sellers need robust data to support US Dollar strength and Euro weakness to push prices lower. A corrective bounce seems likely, potentially creating fresh selling opportunities if Eurozone data surprises positively.
by MTradingGlobal