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U.S. Dollar / Euro

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USDEUR trade ideas

In-Depth Look at EUR/USD: Fibonacci Levels and Structural Change### Expert Analysis of EUR/USD on a 1-Hour Timeframe **Current Price Movement:** [/i ] - **Price**: EUR/USD is currently trading at 1.05452, with an increase of 0.55% (+0.00577). **Key Technical Analysis Elements:** 1. **Price Action and Key Levels:** - The chart illustrates the price movement of EUR/USD over several days, highlighting significant price levels. - Key levels are indicated by terms like "BOS" (Break of Structure) and "CHoCH" (Change of Character), which denote important shifts in market structure. - The yellow horizontal lines mark these structural changes, crucial for identifying potential reversal or continuation zones. 2. **Volume Profile:** - The volume profile displayed on the right side shows the volume traded at different price levels. - The highest volume node is around the 1.04808 level, indicating strong interest and activity at this price point. 3. **Fibonacci Retracement Levels:** - Key Fibonacci retracement levels are plotted, including: - 0.382 at 1.05385192 - 0.5 at 1.05262 - 0.618 at 1.05138808 - 0.705 at 1.0504798 - 0.786 at 1.04963416 - These levels help identify potential support and resistance areas, useful for targeting entry and exit points. 4. **Volume Bars:** - The volume bars at the bottom show the trading volume for each hour. - An increased volume on the 27th suggests heightened trading activity, often a precursor to significant price movements. 5. **Support and Resistance Levels:** - Current support is around the 1.04808 level, and resistance is near the 1.05452 level. - These levels are critical for determining potential entry and exit points based on past price behavior. ### Market Sentiment and Trade Recommendations: 1. **Bullish Scenario (Buy Signal):** - If the price continues to hold above the 0.382 Fibonacci retracement level (1.05385192) with strong volume, it suggests bullish momentum. - **Entry Point**: Around 1.05400. - **Take Profit (TP)**: - TP1: 1.05650 (near next resistance level) - TP2: 1.05800 (above Fibonacci 0.786 level) - **Stop Loss (SL)**: Below 1.05200 to protect against downside risk. 2. **Bearish Scenario (Sell Signal):** - If the price breaks below the 0.618 Fibonacci retracement level (1.05138808) with increasing volume, it could indicate a bearish trend. - **Entry Point**: Below 1.05100. - **Take Profit (TP)**: - TP1: 1.04900 (near Fibonacci 0.786 level) - TP2: 1.04800 (below recent support level) - **Stop Loss (SL)**: Above 1.05300 to mitigate risk. ### Conclusion: This detailed analysis of the EUR/USD pair combines key technical analysis elements, such as price action, volume profile, Fibonacci retracement levels, and volume bars. By monitoring these factors, traders can make informed decisions, setting precise entry and exit points while managing risk effectively. Keep an eye on economic data releases and geopolitical events that might impact the EUR/USD exchange rate. Feel free to ask if you need more insights or have additional questions! 😊📊
by Alexgoldhunter
EURUSD Will Go Up! Buy! Please, check our technical outlook for EURUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.057. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.069 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incom"EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incoming 🚀" Analysis: Price has completed Wave (c) in a corrective structure and is primed for a bullish Wave (1) push. The pair is sitting strong in the 1.0200-1.0325 demand zone, showing signs of a bounce. Key Drivers: Forex Options Expiry: High activity around 1.0570-1.0600 today could act as a pivot zone for price. DXY Weakness: Dollar Index stalling below resistance supports EUR strength. The Setup: Long Entry: Look for buys near 1.0325 or on confirmation of a breakout above 1.0600. Stop Loss: Below 0.9538 (below the demand zone or the last swing low (wave c). Targets: T1: 1.1688 (Fibonacci extension level). T2: 1.2264-1.2345 (key supply zone). Risk-Reward Ratio: With a 6:1 RRR, this is a textbook setup for catching a multi-month rally. Quick Note for the Bulls: Stay patient for the demand zone reaction or confirmation of Wave 1 breaking higher. Protect your capital by sticking to the plan. Follow for more trade setups and share this idea to boost it to your trading circle! 💹 Disclaimer: This is not financial advice. Always manage your risk and trade responsibly.
Long
by MESHANL
2
Overlap resistance ahead?The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.0604 1st Support: 1.0452 1st Resistance: 1.0705 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURUSD H4 I Falling from overlap resistanceBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.0606, which is an overlap resistance. Our take profit will be at 1.0527, an overlap support level. The stop loss will be placed at 1.0703, a pullback resistance level close to 61.8% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
#EURUSD - 29112024I was bullish EURUSD yesterday and I said that there is nothing bearish, and it worked out perfectly. I did give a lower buy level to go long off; no, it did not hit, but price based perfectly at the PZ given and it moved higher and price is attacking Wednesday's high. I would say that market did not give much of a pullback to the ideal level for the long, and this pullback could still happen but overall, my view is still for a move higher from here. Look for price to base off the PZ for a long, with 1.0670 as near term price target.
by FadeMeIfYouCan
Potential bullish bounce?EUR/USD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.0519 Why we like it: There is an overlap support level that is slightly below the 23.6% Fibonacci retracement. Stop loss: 1.0453 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Take profit: 1.0657 Why we like it: There is a pullback resistance level that is slightly above the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
2
EUR/USD: Strong U.S. Data Signals Possible Reversal AheadAs per my market review, I predict that the uptrend of the EUR/USD currency pair is about to be broken (a significant reversal) and so it is likely to decline, especially due to strong U.S. fundamentals. The weekly sweep shows that the price is in a consolidation phase; however, the market has not been able to overcome the resistance zone despite various attempts. Right now, the pair is approaching the low of the previous week, as well as closing a weekly candlestick at the bottom, which increases the risks of further downward movement. The levels of support stand at 1.0949 and 1.0900, with resistances located at 1.1000, 1.1010, and 1.1050. There now remains the question of whether or not the price will close below the 1.0949 support level and if that happens, a deeper move is expected to follow. One extreme scenario is that it is possible to expect a pullback to 1.100 before the bears resume the trend.
Short
by Elysian_Mind
EU Update EURUSD Update, Happy holiday first! now to follow up were looking for more bullish action to end the week off in EU im focused on this hour buyside liquidity zone because its close to the Daily zone of upside liquidity too, my assumption is that its going for either the 4hr or Daily zone then looking for a sell till further notice. this is a zone over all that EU can play with meaning it goes a for small trend upwards then continue bearish or just continue bearish here to lower lows like its been doing the last few months. A buy to sell move for now forsure.
Long
by JoeIdeas