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USDEUR trade ideas

EURUSD, H4 LongThe upper limit of the descending regression channel coming from late September aligns as immediate resistance near 1.0800. The 20-period Simple Moving Average (SMA) on the 4-hour chart reinforces this level as well. Once the pair flips that level into support, it could extend its recovery toward 1.0850 (50-period SMA) and 1.0900 (round level, static level). If EUR/USD fails to clear 1.0800, technical sellers could look to retain control. In this scenario, 1.0770 (mid-point of the descending channel) and 1.0730 (lower limit of the descending channel) could be seen as next support levels.
Long
by dipen228
EURUSD bounces back from year-long support ahead of EU/US PMIEURUSD records its first daily gain in four, bouncing back from the lowest level since July 3, as traders eagerly await the preliminary readings of October's PMIs for the Eurozone and the US. The Euro pair’s movement aligns with overbought RSI conditions while it turns from an upward support line established in early October 2023. Sellers remain in control Despite an oversold RSI (14) supporting EURUSD's bounce from key support, bearish MACD signals and trading below the 200-SMA keep sellers optimistic. The downside bias is further strengthened by more dovish expectations from the European Central Bank (ECB) compared to the US Federal Reserve (Fed). Key technical levels to watch The multi-month support line around 1.0765 is crucial for EURUSD. A clear break below this level could expose the pair to a decline toward February and June 2024 lows, near 1.0700 and 1.0680, respectively. However, if the RSI conditions hold, Euro bears may face challenges around 1.0680. If not, the yearly low marked in April around 1.0600 will be the last line of defense for buyers before the pair heads toward the late 2023 bottom around 1.0450. Alternatively, a rebound for EURUSD seems unlikely while trading below the 200-SMA at 1.0870. That said, the immediate upside is protected by the 50% Fibonacci level from the pair's rise between October 2023 and September 2024, located around 1.0830. Additionally, the 38.2% Fibonacci level and an 11-week-old support line near 1.0920 and 1.1000 will be tough obstacles for bulls to overcome if they break past 1.0830. Further recovery looks challenging While some technical signals indicate that sellers may be losing momentum, several technical and fundamental factors suggest buyers are not yet ready to step in. The EURUSD's corrective bounce could continue with strong EU data and weak US statistics. However, if the US Dollar sees a positive surprise, the likelihood of further downside for the pair remains high.
by MTradingGlobal
EURUSD - POSITIONAL TRADE FOR HUGE PROFITSymbol - EURUSD EURUSD is currently trading at 1.11900 My short setup has formed in EURUSD & I'm seeing a trading opportunity on sell side. Shorting EURUSD pair at CMP 1.11900 I will be adding more position if 1.12300 comes & will hold with SL 1.12850 Targets I'm expecting are 1.10200 - 1.09150 - 1.07700 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Short
by akshit_official
EURUSD potetial BUY opportunityClosing price currently trade at 1.07978 a buy opportunity is envisaged from the current market price as we may continue to see price go up. Our Buy target TP1 is 1.08971 , TP2 is 1.09947. stop loss at 1.07714. we can see a 50% retracement may come in upcoming days and now again after touching a long waited order block as mention in chart. It's a good 1:72 RR trade. I hope you will like my explanation. it's just my analysis and you guys trade after your analysis.
Long
by gaurgovindsingh_
EURUSD: 200-SMA, oversold RSI test bears ahead of ECBEarly Wednesday, EURUSD sees the first daily gains in more than a week, after hitting its lowest point in 10 weeks. In doing so, the Euro pair portrays the market’s consolidation ahead of Thursday’s European Central Bank (ECB) Interest Rate Decision and September’s US Retail Sales data. Sellers have a bumpy road ahead In addition to pre-data consolidation, the 200-day SMA and oversold RSI pose challenges for EURUSD bears, indicating limited downside potential. A significant drop may occur only if the ECB disappoints or US data delivers unexpectedly strong signals for the dollar. Technical levels to watch The 200-SMA level surrounding 1.0870 appears a tough nut to crack for the EURUSD, backed by the oversold RSI. However, a downside break of the same won’t hesitate to drag the prices toward the August month’s low of near 1.0775. Following that, an ascending support line from October 2023, close to 1.0750 at the latest, will act as the final defense of the buyers. On the contrary, July’s high of near 1.0950 could lure EURUSD buyers during a corrective bounce. Following that, the March peak surrounding 1.0980 and the 1.1000 psychological magnet can entertain Euro buyers before testing them with a two-month-old horizontal support-turned-resistance of near 1.1015 and the previous support line stretched from late June, close to 1.1030. Price Consolidation Ahead, But No Trend Change Expected While technical indicators suggest bear exhaustion and a possible corrective bounce for EURUSD, multiple resistances and fundamental factors hinder a reversal of the ongoing two-week bearish trend.
by MTradingGlobal
EURUSD: Bears focus on 1.0800 and US Inflation cluesEURUSD licks its wounds at the lowest level in eight weeks as traders await September's US Consumer Price Index (CPI) data, especially after the previous day’s FOMC Minutes drowned the Euro pair. Bears keep the driver’s seat Apart from the US Dollar’s run-up post-Fed Minutes, the EURUSD pair’s confirmation of “Double Tops” bearish chart formation and a clear break of a 15-week-old rising support line add strength to the downside bias. It’s worth noting, however, that the oversold RSI (14) line and sluggish MACD signals challenge intraday sellers, along with the pre-data consolidation. Key technical levels to watch The 50% Fibonacci level from the EURUSD’s June to September rise, around 1.0940, limits immediate downside. The next significant support is at the 61.8% Fibonacci retracement near 1.0870, known as the “Golden Fibonacci Ratio.” If the price breaks below 1.0870, it could lead to a drop toward the bearish target from the "Double Tops" pattern, around 1.0800. On the upside, the EURUSD recovery is unlikely unless it surpasses the 1.1010 level. The previous support line, now acting as resistance, is near 1.1000. In a case where the Euro buyers manage to stay onboard past 1.1010, the 23.6% Fibonacci retracement and the double tops, respectively near 1.1085 and 1.1200, will be on their radars. Further downside expected While an oversold RSI and potentially softening US inflation data may pose challenges for US Dollar bulls, EURUSD bears remain encouraged. The confirmation of a bearish chart formation, combined with the European Central Bank's (ECB) more dovish stance compared to the Federal Reserve (Fed), keeps the sellers optimistic about further declines.
by MTradingGlobal
2
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H 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
2
EU: Monitoring for Buy Opportunity Despite Friday's Sharp DropAfter last Friday's strong news event, the EUR/USD experienced a significant sell-off, pushing price further into the key demand zone between 1.1000 - 1.1050 on the daily chart. However, despite the heavy bearish pressure, the daily candle is yet to close, leaving room for a potential bullish reaction within this critical support area. Key Points: Demand Zone: Price is still within the major support zone that has historically provided strong buying interest. Wait for Confirmation: Although the sell-off has been aggressive, we remain patient. A clear bullish reversal pattern (e.g., bullish engulfing or pin bar) on lower timeframes (H4 or H1) will serve as our entry signal. Caution: Given the volatility from recent news, risk management is crucial. We will only initiate a BUY position once price action confirms a reversal. Trade Setup: Entry: Upon confirmation of bullish structure in the demand zone. Stop Loss: Below 1.0950 to protect against further downside. Target: Initial target at 1.1150, with room to adjust based on momentum and market conditions. We remain cautious yet optimistic about a potential bounce from this area, but the confirmation of a strong pattern is essential before entering the trade. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773
EUR/USD Analysis: Potential Buy Opportunity at Key Demand ZoneThe EUR/USD is currently testing a strong demand zone on the daily timeframe, located around 1.1000 - 1.1050. This area has consistently acted as a key support level in recent price action, offering potential for a bullish reversal if market conditions align. Key Technical Factors: Demand Zone: The price is approaching the major support region after multiple retests, suggesting that buyers could step in soon. Bullish Setup Confirmation: Wait for clear reversal patterns such as a bullish engulfing or pin bar on lower timeframes (H4 or H1) to confirm entry. Only initiate a BUY position once a strong reaction is seen. Trade Plan: Entry : On confirmation of a bullish price action pattern. Stop Loss: Below the 1.0950 level to manage risk. Target: First target at 1.1150, with potential for further upside depending on momentum. This setup aligns with the market's technical structure, but patience is key for a safer entry. Let's see how the price reacts! FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Long
by Trading_Zone_3773
EURUSD: Bears seek confirmation from “Double Tops” and US NFPEarly Thursday, EURUSD prints a five-day losing streak, reaching its lowest point in three weeks. The Euro pair traders are holding their breath for the September US employment report, especially after strong data from ADP and hawkish comments from Fed Chair Jerome Powell. Sellers approach key supports In addition to strong US data and hawkish remarks from Fed Chair Powell, softer inflation in the Eurozone is adding pressure on the EURUSD pair. A clear drop below the 50-bar Exponential Moving Average (EMA) keeps bearish sentiment alive. Plus, the lack of an oversold RSI (14) and bearish signals from the MACD suggest further weakness ahead. Important levels to watch With the EURUSD pair breaking below the 50-EMA and facing bearish technical and fundamental factors, it looks poised to test the previous monthly low around 1.1000. However, a six-month-old support line will likely challenge sellers around 1.0980. Importantly, the convergence of the 100-EMA and an ascending support line from late June, near 1.0960, is a crucial level to monitor. A drop below this level could push prices toward the target of the “Double Tops” pattern, around 1.0800. Alternatively, the 50-EMA around 1.1045 serves as the immediate barrier for any recovery in the EURUSD pair. If the bulls can break through this level, they’ll face further resistance at 1.1100 and the “Double Tops” around 1.1200. A push above 1.1200 would challenge the current bearish trend and open the door for buyers to target the 2023 peak of approximately 1.1275. Bears reign is about to be challenged Overall, the EURUSD pair looks bearish in the short term, but there’s limited downside potential before reaching crucial technical levels. This means upcoming data and events will play a vital role in determining the next move.
by MTradingGlobal
EUR/USD Breakout Towards 1.1300Currently, EUR/USD is in a consolidation phase after a recent rally. The price is fluctuating between support at 1.10835 and resistance at 1.12106. The price has broken below the 34 EMA and is testing lower levels, indicating a short-term bearish trend. Technically, key support is at 1.10835, representing the recent low. Resistance is at 1.12106, marking the nearest high. A breakout scenario may occur around the 1.11438 region. If the price breaks through this level and continues past resistance at 1.12106, there is a high chance of a strong rally up to 1.1300. Recently released inflation data will significantly impact EUR/USD. If inflation comes in higher than expected, it could support the Euro's rise.
Long
by Romio_pro