EURUSD trade ideas
EUR/USD Under Bearish Pressure: A Market Analysis [Update]As anticipated in our previous analyses, the EUR/USD currency pair experienced significant downward pressure during the late American trading session on Wednesday, hitting its lowest point in almost a month, below 1.0350. Currently, while I am drafting this article, the pair has seen a minor rebound and is trading around 1.0410; however, the technical indicators still suggest a bearish outlook.
The price is nearing a critical area where it may continue to decline. Our analysis reveals an imbalance on the Daily timeframe that could signal a further downturn. For more detailed insights, please refer to the link provided below.
Following the last Federal Reserve policy meeting of the year, the central bank announced a reduction in its policy rate by 25 basis points, aligning with market expectations, bringing it to a range between 4.25% and 4.5%. In their accompanying statement, the Fed emphasized that they would take into account incoming data, the evolving economic landscape, and the balance of risks when evaluating future rate adjustments.
In the aftermath of the Fed's decision, the US Dollar (USD) gained substantial strength, leading to a sharp decline in the EUR/USD pair. Moving forward, our outlook suggests the potential for a new bearish correction in the market as we navigate these developments.
Previous close position SHORT
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EURUSD | 16.12.2024BUY 1.04900 | STOP 1.04400 | TAKE 1.05400 | The euro is trying to continue to increase its support level. The medium-term trend changed to an upward one at the end of November, when quotes exceeded the target zone of 1.05400. After this, the asset went into a correction, within which it reached the support level of 1.04550, turned around and began growing towards the November high.
EU - breakout from wedge patternTime to go for buy position
Good risk to reward and price pattern confirmed
EURUSD SELLEURUSD Based on this Frame to sell
Near Price Breakout after the Support Zone 1.04200
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EUR/USD → Consolidates Ahead of Key Fed Interest Rate DecisionHello everyone, Ben here!
EUR/USD saw a sluggish upward movement on Monday, drifting towards the upper bounds of its short-term consolidation range just north of 1.0500, though lacking any significant conviction. With relatively limited European data this week, Fiber traders are bracing for a heavy U.S. data docket.
In the short term, the trend remains neutral, but prices are consolidating near a critical support level that has held firm for two years. Aggressive rate cuts in Europe are putting pressure on the pair, with expectations set for December 17th-18th. The Fed is widely anticipated to cut the benchmark interest rate by 25 basis points (bps). However, any hawkish signals from the Fed aimed at taming inflation would increase the downside potential for EUR/USD.
Support levels: 1.045, 1.033
Resistance levels: 1.060, 1.065
From an interest rate perspective, within the context of a broader downtrend, price has yet to reach the key liquidity zone. Ahead of the news, I anticipate that the price will climb towards 1.060. However, based on both technical and fundamental outlooks, bearish momentum is expected to resume, and a break below the 1.045 support level will solidify the downward trend.
Best regards,
Bentradegold!
EURUSD SHORT POSITIONGreetings Traders this is my analysis for EURUSD .
From the last chart that had a solid growth we can see that the price is managing itself for a future Downtrend Movement.
I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order.
I expect that the price should update the nearest local minimum of the wave “3” 1.03350.
I expect the price to reach at least the area of 1.02540 possibly short key level to 1.03072
I think the price will start a downfall to it might reach our potential target for a Downtrend and for a Sell Position
Traders make your own analysis before trading.
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Thank you!
According to this pattern, EUR/USD's next target is 1.0181A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the head and the neckline, which is 280 pips. When subtracted from the right shoulder low, this suggests the price could drop to $1.0181.
For the pattern to remain valid, the price must stay below the right shoulder low at $1.0462. As long as it trades below this level, the bearish target remains intact.
This aligns with recent developments at the Fed, which surprised the market by signaling just two rate cuts in 2025 while anticipating higher inflation. Trump's potential policies, including trade wars and tax cuts, are likely to fuel inflation. Meanwhile, Europe faces additional challenges, with continued rate cuts and expected economic strain from trade wars likely to worsen its economic troubles.
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EURUSD SELL!!!!EU sentimental is bearish today, and early morning it just grabbed liquidity of Asian session high. Now, let take a short position
We first aim for 1:1 the 1:2 after securing some profits
EUR/USD 4HThe euro is trading around 1.0496, below 2/8 Murray, below 21 SMA, and within a downtrend channel forming since November 26th.
The euro is under selling pressure. Therefore, EUR/USD is likely to continue its fall in the next few hours.
The euro has been consolidating since the beginning of November above the psychological level and below 1.0620.
This consolidation will continue in the next few days and we could look for opportunities to buy above 1.0526 (21SMA) and sell below 1.0620 (3/8 Murray).
In case the euro consolidates below 1.0496, the outlook could be negative and we expect EUR/USD to reach the 1/8 Murray located at 1.0376. This could be a key point and we could expect a technical bounce to occur around this area.
Since November 16, the 200 EMA indicator has been giving a positive signal. So, we believe that above the psychological level of 1.0500, the outlook could be positive for the euro. Hence, we expect EUR/USD to reach the 200 EMA around 1.0805.
happy Trading!
EURUSD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0502
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0548
Recommended Stop Loss - 1.0476
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
HTF (H1) 'Real' Market StructureTo follow up on the 'real' market structure from the Daily, here's my few (or 'Real' Market Structure) on the Hourly.
After the rejection of the Higher Low on the Daily Structure i said we wanted to see a shift on the Hourly.
Now we just can expect something, i won't spill the beans, but maybe you can make up your own mind ;-)
EUR/USD Bearish Momentum Towards 1.04530Time x Price x Angle
Time Defines when Expansion will occur
Price Defines the Level at which Time will play
Angle defines the Velocity by which both Time & Price will play
The Euro is currently at 1.04850, Looking for a Bearish Run towards inside Fork Channels 1.04530
EURUSD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0498
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0482
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Next Target for EURUSD
Yesterday, EURUSD reached resistance levels and bounced back.
This is the main direction following the news.
If the previous low is broken, the support levels are 1,0329 and 1,0271.
During periods of lower trading volumes, the price is more likely to continue trading sideways.
In such situations, using the Volatility Trading System will bring the best results!
EURUSD awaiting newsEURUSD continues to move sideways ahead of the upcoming USD news.
This will be the last major news event of the year.
The range will most likely continue today, with larger fluctuations expected tomorrow.
Support levels remain at 1,0445 and 1,0400, while the first resistance is at 1,0600.
Keep an eye on the reaction to these key levels during the news release!
In moments like these, the Volatility Trading System will bring you the best results!
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
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EURUSD SELL 1.0450On the 4-hour chart, EURUSD broke down and moved downward, with an obvious bearish trend. At present, attention can be paid to the resistance near 1.0450. If the rebound is blocked, short selling can be considered. If the price falls below the support near 1.033, it will move to the support near 1.027.
Germany snap election risks EUR/USD Germany, Europe’s largest economy, is now under a caretaker government.
Chancellor Olaf Scholz lost a confidence vote in the Bundestag on Monday, paving the way for a snap election in February.
Key issues in the upcoming campaign are expected to include the war in Ukraine, the financial demands of strengthening Germany’s military, a struggling economy, immigration, and the growing influence of political extremes.
Amongst this turmoil, technical indicators possibly lack sufficient strength for a bullish confirmation. A break below 1.0460, a key support level, could open the door to a bearish move toward 1.0400.
Bearish drop?EUR/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.0543
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.0589
Why we like it:
There is a pullback resistance level.
Take profit: 1.0470
Why we like it:
There is a pullback support level.
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#EURUSD 1DAYEURUSD Daily Analysis
The EURUSD pair is forming a falling wedge pattern on the daily chart, which typically signals a potential bullish reversal. The price is currently consolidating within the wedge, and a breakout above the resistance line would indicate a shift in momentum to the upside, offering a strong buy opportunity.
Technical Outlook:
Pattern: Falling Wedge
Forecast: Buy ( More Buy Opportunity upon Resistance Breakout)
Entry Strategy: Enter a buy position after the price breaks above the wedge's resistance line and confirms the breakout with bullish price action, such as a strong close above the resistance or a retest of the breakout level.
Traders should monitor supporting indicators like RSI for oversold conditions or MACD for a bullish crossover. Risk management is essential, with stop-loss orders placed below recent lows and profit targets set at key resistance levels above the wedge.
The Analysis H4 : Long Position to Resistance Area (1.06250)In my opinion, the graph FX:EURUSD shows a well-defined upward-sloping channel, with the support line at the lower boundary and the resistance line at the upper boundary.
Recently, the price rebounded off the support line (highlighted by the green circle), signalling a potential continuation of the channel’s upward trend.
Support Line: This lower boundary acts as a strong support level where the price historically tends to bounce.
Resistance Line: The upper boundary, around 1.06250, serves as a target for a long position, aligning with previous highs.
As long as the price remains within the channel, the bullish bias holds. To confirm this move, monitor for signs of increasing volume or bullish momentum.
Goodluck.
Mastering The Timing Of Trade Exits In Trading Most newbie traders tend to focus on the entry point of a trade, believing that as long as they initiate a position correctly, they can manage their way to a profit later. They often think, “It’s okay if I earn a little; I can always close the trade once the price moves in my favor.” Unfortunately, this mindset often leads to disappointing outcomes. Traders may find themselves either underwhelmed by their gains due to greed—thinking, “Just a little longer, and I’ll secure my profits”—or missing the exit altogether, resulting in a break-even scenario.
The situation becomes even trickier when prices move against the trader. Many cling to the hope of a miraculous turnaround, refusing to acknowledge their losses, and instead, they adjust their stop-loss orders, convinced that the market must eventually rebound. This often leads to further losses as they watch their deposits dwindle. To avoid these pitfalls, it's crucial to understand when to close a trade for maximum benefit, as explored in this post.
📍 Strategic Approaches to Closing Trades
Closing a trade effectively requires timing it neither too early nor too late. Premature exits can lead to missed opportunities for profit, while waiting too long can result in significant losses.
📍 When to Close Trades?
• Identifying Reversal Patterns: Recognizing patterns that indicate a reversal is essential. For instance, during an uptrend, buyers eventually taper off because prices become too high. Those who bought at the onset may begin selling, and if a pinbar forms followed by a bearish engulfing model, this is a clear signal to close before a downturn.
• Combining Signals from Indicators: Utilize multiple indicators to gauge the market trend. If trend indicators show a downturn and oscillators indicate overbought conditions, it may be time to close a long position. Patterns and signals should work in concert for the best results.
• Following Risk Management Strategies: Tailor your exit strategy to your risk management plan. Strategies could include setting a take-profit level at 50-60% of daily volatility or maintaining a risk-to-reward ratio of 1:3.
• Using Risk Management Calculations: This involves observing the pip value and the 1.0-2.0% rule. For example, if your account has a balance of $1,000, limit your loss on any trade to $100 based on the volume of the trade. Accordingly, your take profit should be 2%-3% or more.
• Monitoring Candlestick Patterns: A shift in the strength of candlestick bodies can indicate a forthcoming reversal. If you see a consistent decline in candlestick sizes during a price breakout, this can be a cue for an imminent trend shift.
• Paying Attention to Key Levels: Many traders place pending orders around key support and resistance levels. Understanding that price may not reach these levels can inform your take-profit and stop-loss placement.
• Before Major News Releases: Anticipate how significant news might impact the market. Though there may be statistical predictions, volatility can be unpredictable. Closing trades in advance can help manage unexpected market movements.
• At the End of Trading Cycles: Prior to weekends or before the day ends, consider closing positions. This is crucial as weekend events can dramatically shift prices, and exposure over multiple days can incur costs, akin to interest on leverage.
• Rebalancing Investments: In the stock market, periodically analyze portfolio performance, selling off underperforming assets to maintain profitability. This concept can also apply to trading, helping to recalibrate your positions for better outcomes.
📍 Conclusion
Understanding the timing of closing trades is critical for any trader. By applying these strategies and learning from past experience, you can better navigate the complexities of trading and improve your overall profitability.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
