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U.S. Dollar / Euro

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USDEUR trade ideas

EURUSD AT DECISIVE LEVELShould the price drop to 1.0667 and subsequently rebound, it's advisable to verify this move on the hourly chart. In this context, validation entails monitoring the Relative Strength Index (RSI) for two key conditions: it should enter the overbought zone, and a distinct buy signal should emerge (Buy OB). Once these criteria are met, consider entering a long position, while exercising caution by setting a tight stop-loss at 1.0635 . If the price breaches the level of 1.0635 , it is advisable to liquidate all existing long positions, as this indicates a potential break in structure.
Long
by breakout_ninja
EURUSD positive before the big day of the FedOn EUR/USD, looking at the technical picture we can observe the set up setting with the trend of increasing on H4. The price is approaching the significant bridge area on H4, where it can find support on the trend line and then start a move to go up. The first goal will be the first significant vibration at 1,0718 and then the H4 resistance area at 1,0740. It is worth noting that in the Asian session, the price has recorded a significant low fluctuation at 1,0678, this signals the market capacity on today's price.
Long
by Samson-FX
EURUSD stays defensive near key support line on Fed dayEURUSD fades bounce off an ascending support line stretched from early January as market players brace for the US Federal Reserve (Fed) monetary policy announcements on Wednesday. It’s worth noting, however, that the RSI (14) line is nearly oversold and the MACD flags bull cross, which in turn favors the Euro pair’s sustained trading beyond the stated support line, close to 1.0640 by the press time. That said, the quote’s weakness past 1.0640, will make it vulnerable to decline towards March’s bottom surrounding 1.0515 before testing the yearly low of around 1.0480. Alternatively, the EURUSD pair’s recovery moves will initially aim for the 61.8% Fibonacci retracement of January-July upside, near 1.0790. However, a two-month-old descending resistance line and the 200-day SMA, respectively near 1.0815 and 1.0830, could challenge the Euro buyers past 1.0790. In a case where the pair manages to remain firmer past 1.0790, as well as cross the 1.0800 round figure, the odds of witnessing a run-up towards the late August swing high of around 1.0940 can’t be ruled out. Overall, EURUSD remains bearish even if the oscillators challenge the downside bias.
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.
Short
by okako_trading
EURUSD pares US inflation-induced losses ahead of ECBEURUSD braces for the first weekly gain in nine as markets await the key European Central Bank (ECB) Interest Rate announcement. In doing so, the Euro pair extends the previous week’s rebound from the 78.6% Fibonacci retracement of March-July upside, near 1.0680 by the press time. The corrective bounce also gains support from a looming bull cross on the MACD indicator, as well as the gradually rising RSI (14) line from the oversold territory. It’s worth noting, however, that the 1.0800 appears a tough nut to crack for the pair buyers as it comprises the six-month-old previous support line, the 200-day Exponential Moving Average (EMA) and the 61.8% Fibonacci ratio. Following that, a downward-sloping resistance line from late July and the 100-EMA, respectively near 1.0855 and 1.0865, will act as the final defenses of the pair sellers. On the contrary, the EURUSD pair’s fresh downside could aim for the latest swing low of around 1.0700 before poking the 78.6% Fibonacci retracement level of around 1.0680. In a case where the Euro pair remains bearish past 1.0680, May’s bottom of 1.0635 may act as a buffer during the quote’s slump targeting March’s low of 1.0516. It’s worth observing that the yearly low marked in January around 1.0480 could test the pair sellers past 1.0516 before giving them control. Overall, EURUSD builds upside momentum but the recovery moves need validation from the hawkish ECB signals, especially after the previous day’s US inflation numbers challenged the pair buyers.
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.
Short
by okako_trading