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Euro / U.S. Dollar

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EURUSD trade ideas

EURUSD Next possible moveSAXO:EURUSD Title "EUR/USD Intraday Analysis: Buy Bias Continues | Pre-NFP Setup" Market Context "EUR/USD extended its recovery today, maintaining bullish momentum after bouncing from key support near 1.0500. The pair is attempting to hold above intraday levels, with buyers stepping in cautiously ahead of tomorrow's high-impact NFP report." Technical Analysis *"Today’s buy bias is supported by strong technical signals: Price Action: Higher lows on the H1 chart, indicating bullish structure intact. EMA Confirmation: Price remains above the 20 EMA, signaling ongoing short-term upside momentum. RSI: Trending upwards, now above 55, suggesting increasing bullish strength. MACD: Positive divergence on lower timeframes aligns with bullish continuation potential. Key Levels: Immediate Resistance: 1.0550. A break above this could target 1.0580 and 1.0600. Support: 1.0510. A drop below could invalidate the bullish outlook."* News Context "Upcoming: U.S. NFP report tomorrow will likely dictate market sentiment. Previous: Strong U.S. GDP figures earlier in the week strengthened the dollar, but current price action hints at consolidation ahead of the data." Call to Action "Are you on the buy side for EUR/USD too, or do you foresee bearish pressure returning? Let’s discuss!"
Long
by RBSBALA
EURUSD next possible moveSAXO:EURUSD Title "EUR/USD Intraday Analysis: Sustained Buy Momentum | Pre-NFP Optimism" Market Context "EUR/USD continues its bullish momentum, supported by strong buying interest above the 1.0500 support zone. The pair remains in an intraday upward trend as market participants position ahead of tomorrow's U.S. Non-Farm Payroll (NFP) report." Technical Analysis *"Today's bullish move builds on favorable technical indicators: Trend Structure: Higher highs and higher lows on the H1 chart confirm the uptrend. EMA Support: Price stays above the 20 and 50 EMAs, suggesting bullish continuation. RSI: Rising steadily, currently above 60, reflecting increasing buying pressure. MACD: Positive histogram bars continue to expand, reinforcing upward momentum. Key Levels: Resistance: 1.0550 (immediate), 1.0585 (next target). Support: 1.0520 (intraday), 1.0500 (critical). A break below 1.0500 could shift sentiment."* News Context "Upcoming: Tomorrow’s NFP report is expected to bring volatility. Previous: Earlier U.S. GDP data bolstered the dollar, but the current price action indicates profit-taking and possible EUR strength." Call to Action "Do you see this bullish momentum continuing, or will the market pause ahead of NFP? Share your perspectives below!"
Long
by RBSBALA
1
EURUSD: Optimal Selling Zone!Welcome back! Let me know your thoughts in the comments! ** EURUSD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
EURUSD - Trend Analysis - Trendline playTimeframe: 4H Trade Type: Sell Entry Reason: Entered short upon the flip of the 4-hour candle, showing rejection at the upward (green) trendline. Price remains below the descending (red) trendline, signaling a potential continuation of bearish momentum. Stop Loss: Placed above the descending (red) trendline to account for dynamic protection against an upward breakout. Take Profit: Positioned at the lowest 4-hour resistance level before the visible gap, aiming for a key support target. SL to Break-Even (BE): Adjust stop loss to break-even at 1.05271, upon the break of the higher low. Additional Notes: Entry was made near a significant 4-hour resistance level, adding confluence for the bearish trade setup. Price action and trendline interaction are being closely monitored to refine trade management.
Short
by PipShiesty
1
EU showing the potentiality of hitting 1.0702After Hitting my SL two weeks back trying to buy it EU finally shows that it is going up breaking 👆 highs. Even thought that is the point I would bear in mind the fact that this pair Is also showing bears coming hard (referring to beggining of November move). I'll be cautious and follow proper risk when attempting to buy it. For now I'm unpositioned and I'll wait for NY open to show me any indication for buys. Happy trading 💹
Long
by propitical17
NEW IDEA FOR EURUSD "EUR/USD Technical Analysis: Head & Shoulders Reversal Pattern in Focus" In the 4-hour timeframe, EUR/USD has formed a clear Head & Shoulders reversal pattern, indicating a potential bullish breakout. The neckline is positioned at 1.0578, which acts as a key resistance level. A confirmed breakout above this level may lead to further upside movement. Key Levels: Neckline Resistance: 1.0578 The price needs to break and sustain above this level to confirm the bullish reversal. First Target (50% Fibonacci Retracement): 1.0719 If the breakout is successful, this level acts as the first profit target. Second Target (100% Fibonacci Retracement): 1.0824 A continuation of bullish momentum may push the price toward this level. Indicators: Ichimoku Cloud: The price is still near the cloud but is showing early signs of attempting a bullish breakout. Alligator Indicator: A crossover is forming, supporting the possibility of upward momentum if confirmed. Conclusion: If EUR/USD breaks above the neckline at 1.0578, the next targets are 1.0719 and potentially 1.0824. However, failure to sustain above the neckline could result in a retest of lower levels. Monitoring the breakout confirmation is crucial for short-term traders.
Long
by arongroups
30-mins EUR/USD: Bullish Recovery Since Last Week's LowThe EUR/USD has surged nearly 300 pips since last week, marking a significant move after months of a prevailing downtrend. This fresh bullish momentum may signal the beginning of a potential trend reversal. For short-term traders, this rise presents an opportunity, as buyers currently dominate the market. Adding to the optimism, a Golden Cross—a widely recognized bullish indicator—has appeared, where the short-term moving average crosses above the long-term moving average, signaling strong buying momentum. Additionally, the pair experienced a minor pullback, briefly testing the 23% Fibonacci retracement level. Traders looking to optimize entry points and achieve a better risk-to-reward ratio might consider waiting for another dip closer to the 38% Fibonacci retracement level, near 1.0540. This could provide a more favorable position to capitalize on the pair’s upward momentum. However, maintaining a cautious approach and monitoring key levels is crucial as the market evolves.
Long
by Trendsharks
2
EURUSD H1 29/11/2024 - SELL below 1.0540 OR BUY above 1.0580Timeframe Analysis D1 (Daily Timeframe) Trend: Overall, the D1 chart indicates a downtrend, but the pair is now in a consolidation phase with bullish attempts. Price has bounced off the 1.0500 region and is testing Fibonacci 38.2% (1.0577) and 61.8% (1.0580) as key resistance zones. Key Levels: Resistance: 1.0580–1.0597: Daily high and Fibonacci resistance (likely to hold unless a strong breakout occurs). 1.0628–1.0678: Higher Fibonacci levels if the breakout continues. Support: 1.0540: 100% Fibonacci level (current key support). 1.0500: Major psychological and structural support. H4 (4-Hour Timeframe) Trend: Price is attempting to remain above the Ichimoku cloud, indicating possible bullish momentum. The 200 SMA at 1.0545 is holding as support, reinforcing the bullish bias. Indicators: RSI: Neutral at 56, with room for further upside. Stochastic: Just left overbought territory, signaling a potential pullback before further upside. MACD: Positive, with the histogram shrinking slightly, suggesting a slowing bullish push. Key Levels: Resistance: 1.0580–1.0597 (Fibonacci and recent highs). Support: 1.0545–1.0550: Near-term support zone (aligns with 200 SMA). 1.0515: Strong support if price breaks lower. H1 (Hourly Timeframe) Trend: The H1 chart shows a slight pullback from 1.0580, with consolidation near the 1.0550 level. Indicators: RSI: Neutral at 48–50, with no clear directional bias. Stochastic: Bearish crossover in the oversold region, hinting at a potential reversal upward soon. ATR: 13 pips, indicating moderate volatility. Key Levels: Resistance: 1.0580–1.0597 (key resistance zone). Support: 1.0540–1.0550: Current consolidation zone. 1.0515: Lower support. M30 (30-Minute Timeframe) Trend: The M30 chart confirms the pullback, with price retesting support at 1.0550. Indicators: RSI: Weak at 43, hinting at slight bearishness. Stochastic: Oversold and trying to reverse upward. MACD: Neutral, showing consolidation. Key Levels: Same as H1. Trade Scenarios Scenario A: Bullish Continuation (BUY Setup) Rationale: If the price holds support at 1.0550–1.0545 and breaks above 1.0580, the pair could target higher resistance levels near 1.0597 or even 1.0628. Setup Details: Entry Price: Above 1.0580 (confirmation of breakout). Stop-Loss: 1.0550 (below consolidation support). Take-Profit Levels: TP1: 1.0597 (Daily high). TP2: 1.0628 (next Fibonacci level). Risk/Reward Ratio: ~1:2. Scenario B: Bearish Pullback (SELL Setup) Rationale: If the price fails to break above 1.0580 and falls below 1.0545, it could retest lower support levels near 1.0515 or even 1.0500. Setup Details: Entry Price: Below 1.0540 (confirmation of breakdown). Stop-Loss: 1.0560 (above consolidation). Take-Profit Levels: TP1: 1.0515 (near-term support). TP2: 1.0500 (psychological level). Risk/Reward Ratio: ~1:2.
by napoleon182
EURUSD - Outlook for 29/11/2024EURUSD has completed move to our 1st resistance Target and had a rejection. If the candle closes above resistance and respects trendline, we should see higher level touched. However the stochastic indicator is signalling a possible retracement. Therefore a break of trendline and below support may result in bearish move. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
by MarketsPOV