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EUR/USD_TOD - EUR/USD

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EURUSD_TOD trade ideas

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
EURUSD has a recovery rhythm, expected to increase againAccording to experts, the world price of EURUSD suddenly increased sharply due to recent positive inflation data and the weakening of the USD. There is a high possibility that the EURUSD price has run ahead of the news of the meeting minutes of the US Federal Reserve (Fed) announced tomorrow morning. The USD continues to weaken as the market believes that the Fed has completed its interest rate hike cycle and may consider starting to reduce interest rates. Domestically, banks adjusted USD trading prices down sharply in the context of a sharp decline in the central exchange rate
Long
by TrategySherpa
EURUSD BuyFOREXCOM:EURUSD 15m 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!!!!
Long
by Phinics
1
EURUSD bulls prod golden Fibonacci ratio amid overbought RSIEURUSD hovers near the highest level in 14 weeks, recently picking up bids to reverse the previous day’s pullback from the 61.8% Fibonacci retracement of the July-October downside, also known as the Gold Fibonacci ratio. Apart from the key Fibonacci ratio surrounding 1.0965, the overbought conditions of the RSI (14) line also challenge the Euro buyers. It should, however, be noted that the pair’s successful trading above the 200-SMA and the bullish MACD signals keep the bulls hopeful of crossing the immediate hurdle, which in turn opens the door for the pair’s rally toward the 78.6% Fibonacci ratio and the yearly high marked in July, respectively near 1.1100 and 1.1275. On the flip side, the EURUSD pair’s pullback could aim for the 50% Fibonacci retracement level surrounding 1.0865 but the bears need validation from the 200-SMA level of 1.0800. Following that, the early-month swing high of around 1.0750 could test the Euro sellers. Above all, the pair buyers remain hopeful unless they witness a daily close beneath a convergence of the 23.6% Fibonacci retracement and a seven-week-old upward-sloping support line, close to 1.0650. Overall, EURUSD bulls approach the key upside hurdle ahead of the US Durable Goods Orders and the weekly employment data, making it the key pair to observe ahead of Thursday’s Thanksgiving holiday.
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 Breakout Predicts Massive Gains Ahead - Get Ready for a WTECHNICAL ANALYSIS PRICE ACTION : EURUSD has been trading in an upward trend since the beginning of November 2023. The recent breakout on Hourly Timeframe from a strong resistance at 1.08850 suggests that the upward trend may continue. The pair is currently closed at 1.0900 level. MOVING AVERAGES: The 50-day and 200-day moving averages are both sloping upwards, confirming the bullish trend. The 50-day moving average is currently above the 200-day moving average, which is a bullish signal. SUPPORT AND RESISTANCE: The immediate support level for EURUSD is located at 1.08900, while the immediate resistance level is located at 1.09500. A break above 1.0900 could further confirm the bullish trend. INDICATORS: The Relative Strength Index (RSI) is currently hovering around 52, indicating bullish momentum. A move above 55 would suggest even stronger bullish momentum. FUNDAMENTAL ANALYSIS ECONOMIC DATA: Recent economic data releases from the Eurozone and the United States have been mixed. The Eurozone's GDP growth rate has slowed, while the US economy has shown signs of resilience. This could lead to a divergence in monetary policy between the two regions, which could support EURUSD INTEREST RATES: The European Central Bank (ECB) is expected to continue raising interest rates to combat inflation. The Federal Reserve is also expected to raise rates, but at a slower pace than the ECB. This differential in interest rates could support EURUSD. GEOPOLITICAL FACTORS: The ongoing war in Ukraine and the associated sanctions on Russia continue to weigh on the global economy. However, these geopolitical uncertainties have not dampened the bullish sentiment for EURUSD. TRADE OPPORTUNITY Based on the Fundamental and Technical a long entry could be considered after a break above 1.0900, with a target of 1.09448 , 1.10155 respectively and a stop-loss below 1.08800 .
Long
by ManojBakale
EURUSD hovers around key resistance, focus on ECB’s LagardeEURUSD appears all-set for the weekly gain even if a three-month-old descending resistance line and the overbought RSI (14) restrict the pair’s immediate upside. It’s worth noting that the bullish MACD signals and the quote’s successful trading above the key Fibonacci retracement ratios, as well as the SMAs, keep the buyers hopeful. That said, the 61.8% and 50% Fibonacci retracement levels of the Euro pair’s August-October downside, respectively near 1.0830 and 1.0755, initially test the bears before directing them toward the 50-SMA 1.0745. It’s worth noting that the 200-SMA level of around 1.0620 acts as the final defense of the buyers, a break of which will make the pair vulnerable to a drop to the previous monthly low of 1.0450. Alternatively, a downward-sloping resistance line from mid-August, around 1.0885-90, appears a tough nut to crack for the EURUSD bulls as they await European Central Bank (ECB) President Christine Lagarde’s speech. Following that, tops marked on August 30 and 15, close to 1.0945 and 1.0955, will act as additional upside filters before directing the Euro bears toward the 1.1000 round figure and then to the August month’s top of near 1.1065. In a case where the major currency pair remains firmer past 1.1065, the odds of witnessing a run-up toward the yearly high of near 1.1275, marked in July, can’t be ruled out. Overall, EURUSD remains on the bull’s radar even if the upside room appears limited ahead of a speech from ECB’s Lagarde. That said, Lagarde is likely to defend the Euro bulls by being hawkish but a reference to the economic hardships and recently easy inflation numbers might allow the pair traders to consolidate weekly gains.
by MTradingGlobal
USD exchange rate today November 17: Slight decreaseThe dollar traded steadily again as information on the US unemployment situation revised expectations for Fed rate cuts. Domestically, some banks this morning lowered their US dollar transaction rate from VND5 to VND20. The dollar had fallen further after weaker-than-expected consumer price data raised concerns among many that inflation was slowing rapidly toward the Fed's 2% target. But the U.S. dollar rallied as markets grappled with uncertainty over when the Fed would cut the federal funds rate to 5.25% to 5.5% (which remains capped). For economic growth.
Short
by TrategySherpa