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EUR/USD_TOD - EUR/USD

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EURUSD_TOD trade ideas

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
EURUSD Daily BiasAs you can see we are in a very strong uptrend and price has reached at the level of a significant/psychological SNR & SUPPLY ZONE. Because of frequent sudden strong moves price did not have time for stabilisation but now it appears market is trying to find some sort of stability. On a Daily bias because of strong bearish candle (marked in the chart) market will try to close below that candles low and again there’s no significant snr and demand zone. a sustainable trend is when price takes a proper retracement (ex. Till 50% or 32% level of fibonacci level). In this case there is strong bullish move w/o proper retracement. Note- always find what successful traders have and what you lack and what’s stopping you from being unsuccessful, if they can do it you can too afterall we are all humans.
by Siddhantmhaiske
EURUSD licks its wounds with eyes on ECB’s Lagarde, Fed’s PowellEURUSD portrays a corrective bounce from the weekly low, snapping a two-day losing streak, as the pair traders await speeches from European Central Bank (ECB) President Christine Lagarde and Federal Reserve (Fed) Chairman Jerome Powell, scheduled late Friday. In doing so, the Euro pair reverses pullback from a five-month-old horizontal resistance as the RSI (14) line returns to normal territory after a brief move in the overbought region. However, the bearish MACD signals and failure to cross the key resistance area surrounding 1.1010-1000 push sellers toward a 50% Fibonacci retracement of the July-October downside, near 1.0860 at the latest. It should be noted, though, that a convergence of the 200-SMA and previous resistance line stretched from late September, close to 1.0820-15, appears a tough nut to crack for the pair bears, a break of which will enable them to poke the mid-September peak of near 1.0700. Meanwhile, the late August swing high of 1.0945 and the 61.8% Fibonacci ratio of near 1.0960 restrict the immediate upside of EURUSD. Following that, the aforementioned resistance region surrounding 1.1010-1000 will regain the market’s attention. In a case where the Euro buyers manage to keep the reins past 1.1000, the 78.6% Fibonacci ratio of around 1.1000 will act as the final defense of the bears before directing prices toward the yearly high of 1.1275 marked in July. Overall, EURUSD is likely to stay pressured but the bears shouldn’t be hopeful of further downside unless they witness a sustained trading below 1.0820-15.
by MTradingGlobal
EUR USD Tend Reverssal on 4H The EUR/USD pair has indicated a potential trend reversal towards the long side on the 1-day timeframe. However, on the 4-hour timeframe, it currently rests upon a strong trendline. Should it witness a significant breakdown below 1.08745 followed by a retest, we might consider a short position, taking into account the Fibonacci 0.6 level and overall market behavior. There's a considerable probability that even after the breakdown, the pair could persist in its upward trend. Nonetheless, if it moves in the direction we anticipate, we could easily seize a 125-pip gain initially, with a secondary target of 195 pips
by sahiltandale824
EUR/USD Price AnalysisThe EUR/USD pair is currently trading around 1.0970, facing slight losses in the early European session after pulling back from a four-month high of 1.1017. Traders are awaiting inflation data from Italy, France, and the Eurozone, with the Eurozone Harmonized Index of Consumer Prices (HICP) expected to show a 3.9% YoY growth in November. From a technical standpoint, the EUR/USD maintains a positive outlook, staying above the 50- and 100-hour Exponential Moving Averages (EMA) on the four-hour chart. The Relative Strength Index (RSI) is in bullish territory, suggesting a favorable trend for the pair. Immediate resistance is observed at 1.1000, marked by the Bollinger Band boundary and a psychological round figure. The next resistance levels are at 1.1017 and 1.1042, followed by a potential rally to 1.1150 if buying momentum persists. On the downside, a key support level lies at 1.0930, indicated by the lower limit of the Bollinger Band and the 50-hour EMA. Further support is found at 1.0895 (low of November 24), 1.0867 (100-hour EMA), and 1.0825 (low of November 17). Monitoring these levels can provide insights into potential price movements.
by tradewith_ritik
Long on EURUSD with LIQUIDITY HuntPrice has taken sellside liquidity and is near psychological SNR. Find change of character on lower TF and take entry and aim for buyside liquidity. Disclaimer - always remember there is higher chance of one thing happening over another that what edge is , your edge may have 60% win rate but always remember it could be wrong for 40% of time, but if you believe in your edge and execute trades successfully you will still end up in profit with decent risk reward ratio. This is what newbies lack. So believe in your system and keep hustling.
Long
by Siddhantmhaiske