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USDEUR trade ideas

EURUSD: bullish or bearish?Dear friend, EURUSD continues its losing streak this week, with the price of this currency pair trading around the 1.081 level and struggling to find any significant support on the chart. The primarily influencing factors are market news and investor sentiment, along with the volatility of the USD. If sellers regain control, EUR/USD could potentially return to the lows around 1.075 and possibly even 1.066. These are two significant support levels to watch. Conversely, if conditions favor EURUSD, it could bounce back from those levels and move higher.
by RKarina
EURUSD: Continue to be restrainedHello, it's great to see you all again for today's discussion on EURUSD! Currently, in the early trading hours of Thursday, the EURUSD currency pair continues its downward trend, with the trading level at the time of writing being 1.081. The strengthening of the US dollar has sparked new selling pressure on EUR/USD, pushing it down to its lowest level in the weekly range near the psychological area of 1.0800. The selling side seems to be showing a clear determination to push this currency pair down towards the testing area at 1.073, which is the final support level according to the Fibonacci measurement.
Short
by RKarina
1
EURUSD: Continuing to search for new bottoms!The EUR/USD pair is recovering some lost ground below the 1.0800 level in early Asian trading on Tuesday. The pair's recovery is driven by the modest decline of the US dollar and lower US Treasury bond yields. In the short term, there are expectations of an increase, but when looking at the longer-term trend, the weakness of this currency pair has not yet stopped. It has just surpassed the support level of 1.085 and still aims to find momentum around the 1.075 level. If that price level continues to be broken by the bearish side, EURUSD still has another opportunity at the 1.066 level as it is a significant support level that has helped EURUSD rebound strongly in the recent past. The currency market is fully priced in.
by RKarina
EURUSD tests falling wedge ahead of Eurozone GDPEURUSD stays pressured within a three-week-old falling wedge bullish chart formation as the pair traders await the first readings of German and the Eurozone Gross Domestic Product (GDP) for Q4 2024 early Tuesday. In doing so, the quote fades the previous day’s corrective bounce off the stated pattern’s bottom line while portraying a third consecutive weekly loss so far. It’s worth noting, however, that the recently downbeat RSI and MACD signals suggest weakness in the bearish trend and hence a quick run-up on the upbeat prints of GDP can’t be ruled out. In that case, the previous support line stretched from early November, now resistance around 1.0880, will restrict the immediate upside of the Euro pair. Following that, the falling wedge’s top line surrounding 1.0900 and the 200-SMA level of 1.0935 will be crucial to watch as the final battle points for the bears before giving control to the buyers. Alternatively, the aforementioned wedge’s lower line of around 1.0800 puts a floor under the EURUSD price. Following that, the 61.8% Fibonacci retracement of the November-December upside, near 1.0760, will precede the 78.6% Fibonacci ratio surrounding 1.0650 to act as the last defense of the pair buyers. In a case where the quote remains bearish past 1.0650, the pair’s lows marked in November and October, respectively near 1.0515 and 1.0450, will lure the sellers. To sum up, EURUSD portrays a bullish chart formation ahead of the bloc’s key growth data.
by MTradingGlobal
EURUSD: Price wedge widening, what is the next trend?Dear readers, EUR/USD has once again dropped to a low of 1.0850 as the currency pair continues to fluctuate within familiar levels this week. The downward price trend has pushed the Euro lower against the US Dollar following the ECB's decision to maintain interest rates and better-than-expected US GDP data. On the 4-hour chart, the currency pair is trading near the lower end of an ongoing consolidation process around the 1.0890 level, indicating a period of consolidation. Support is seen at 1.080. On the other hand, upward price movements may attempt to reach the 1.090 level, but prices could decline further from this area as it completes a test of the EMA 34, 89.
Short
by RKarina
EURUSD: discount?Dear friends, overall EURUSD is not receiving much support as the main trend is downward, surpassing the psychological support level of 1.090. The prevailing risk aversion sentiment, driven by escalating geopolitical tensions in the Middle East, is causing traders to favor the US dollar (USD), putting downward pressure on the EUR/USD pair, which is trading near 1.083 today. This week, we will have several important news releases, particularly the US Housing Price Index and Consumer Confidence data, which will be released on Tuesday, providing more detailed information about the market. This careful consideration is expected to strengthen following the upcoming statement from the Federal Open Market Committee (FOMC) on Wednesday.
Short
by RKarina
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 - Impulsive Start from 0.9538 Lows Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023.
Short
by WaveTalks
3
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: Buy or Sell?Hello dear friends, today EURUSD continues to decline as widespread forecasts of weak US PMI data have weakened market sentiment and pushed EUR/USD lower as investors anticipate the momentum of the day and retreat to the safe haven of the US Dollar (USD). The price is currently trading within a downtrend channel, while it has completed a correction at the resistance level of 1.093. The chart shows a convergence between EMA 34, 89, and resistance, indicating a high likelihood of further price decline with a target set at the support level of 1.0756.
Short
by RKarina
EURUSD fades bounce off 11-week-old support on ECB dayWith the US Dollar’s failure to cheer upbeat PMI details, the EURUSD pair managed to rebound from an upward-sloping support line from early November, especially when the activity data from Germany and the Eurozone came in positive. The recovery moves, however, failed to cross the 50-SMA hurdle on a daily closing basis and tease sellers ahead of the all-important monetary policy meeting of the European Central Bank (ECB). While the bloc’s central bank is likely to keep the monetary policy unchanged, the focus will be on the signals for future rate cuts as market players expect the first rate cut before June but the policymakers appeared hesitant for the same of late. That said, any hawkish clues will allow the Euro pair to cross the immediate upside hurdle, namely the 50-SMA hurdle surrounding 1.0920. However, the support-turned-resistance line stretched from November 01, close to 1.0985 at the latest, will precede the 1.1000 psychological magnet to challenge the pair buyers before giving them control. Meanwhile, the downbeat RSI conditions and the limited odds of favoring the ECB hawks suggest further weakening of the pair. The same highlights the aforementioned nine-week-old ascending trend line support line, near 1.0830 by the press time. It’s worth noting that the monthly low of 1.0820 and the previous monthly low of around 1.0720 will act as additional downside filters before a smooth sailing toward the late October swing high of near 1.0700.
by MTradingGlobal
EURUSD declines? What is the reason?Dear friends, it's RKarina again. Are you curious about the next trend of EURUSD? Here are some insights I have about this currency pair. Looking at the daily chart, we can see that the previous upward momentum of EURUSD is gradually weakening, especially as it started to decline from the near 1.111 level. The trend seems to be shifting sideways and may even decrease further, especially as the RSI indicator and candlestick patterns are showing divergence, indicating a gradual decrease in buying pressure. Furthermore, the recent weakness of the US dollar (USD) has not generated significant momentum for EUR/USD, and has even added downward pressure on this currency pair. For these reasons, RKarina sets a target and expects EURUSD to decrease to the support level of 1.076.
Short
by RKarina
EURUSD: DowntrendThe EURUSD continues to show no change in its bearish trend from yesterday until now, further damaging the European currency and pushing EUR/USD to new lows in weeks around the 1.0820 level. The continued strong buying interest in the greenback has reduced risk appetite and pushed the US Dollar Index (DXY) to new yearly highs around 103.80, supported by higher US bond yields, particularly at the long end of the maturity spectrum. This serves as a strong psychological arrow to traders, prompting them to sell EURUSD massively and pushing this currency pair down to near the support level at 1.0777.
Short
by RKarina