EURUSD trade ideas
Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 4Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 47 EMA
The EUR/USD pair, on the 2-hour (2H) chart, shows clear signs of movement within a descending channel. In this article, we use the Exponential Moving Averages (EMAs) of 200 periods (white) and 47 periods (gray) as key references to identify the trend and critical trading levels.
General Context
The 200 EMA is widely used to evaluate the long-term trend, while the 47 EMA provides insights into short- to medium-term momentum. The interaction between these two moving averages is essential to identify potential reversals or confirm trend continuation.
Current Analysis
Predominant Trend:
The price is currently below the 200 EMA (white), reinforcing the scenario of a long-term bearish trend.
The 47 EMA (gray) is also below the 200 EMA, further supporting the medium-term bearish bias.
Key Technical Levels:
Main Resistance:
EMA 200: 1.06684. A breakout above this level may signal a trend reversal to bullish.
EMA 47: 1.06064. This level acts as an intermediate resistance. Failure to break this level could lead to renewed selling pressure.
Key Supports:
1.04992: The first significant support.
1.03822: A psychological support level and potential target in the case of bearish continuation.
Momentum Indicators:
Stochastic and other relative strength indicators suggest a slight exhaustion of selling pressure but do not yet confirm a reversal.
Trading Scenarios
Scenario 1: Bullish (Breakout Above the 200 EMA)
Entry: Buy above 1.06684 (200 EMA).
Target: 1.07156 or higher.
Stop Loss: Below 1.06064 (47 EMA).
Scenario 2: Bearish (Rejection at the EMAs)
Entry: Sell below 1.04992 or after rejection at 1.06064 (47 EMA).
Target: 1.03822 (support).
Stop Loss: Above 1.06684 (200 EMA).
Summary
The EUR/USD pair remains under bearish pressure as long as it stays below the 200 EMA. Rejection at the resistance levels (1.06064 and 1.06684) may reinforce the selling bias, while a breakout above these levels could pave the way for a recovery.
Key Support Levels
First Support Level: 1.04992
Significance: This level is a short-term support and represents a key pivot point. It has been tested multiple times recently, making it a critical threshold for bullish or bearish continuation.
Implications:
If the price breaks below this level, it could confirm continued selling pressure.
Traders might consider this level for a short position if it breaks convincingly, with targets at the next support.
Second Support Level: 1.03822
Significance: This is a major psychological and technical support level, representing a stronger area of buying interest. Historically, this level has acted as a floor during significant sell-offs.
Implications:
A break below this level would likely signal further bearish momentum and could open the door for a test of even lower levels.
Traders might look for strong buying activity here as a potential reversal zone.
Additional Notes on Support Levels:
Dynamic Support:
The 47 EMA (gray) may act as a dynamic support if the price closes above it. This is not a fixed level but changes as the EMA adapts to price movement.
Oversold Conditions:
Momentum indicators like stochastic oscillators or RSI in the oversold zone around these support levels could hint at a potential bounce.
Scenarios Around Support Levels
Bounce at 1.04992:
If the price holds above 1.04992, it could rebound toward 1.06064 (47 EMA) or 1.06684 (200 EMA).
Entry Idea: Look for bullish candlestick patterns like a hammer or engulfing candle for confirmation.
Break Below 1.04992:
A decisive break below this level could lead to a swift move toward 1.03822.
Entry Idea: Short position below 1.04992, targeting 1.03822, with a stop above 1.06064.
Testing 1.03822:
If the price reaches 1.03822, strong buying pressure could emerge as traders look for a potential bottom.
Entry Idea: Wait for a clear rejection or reversal pattern before entering long.
Potential Support Level Extension
If 1.03822 is breached:
Next Psychological Levels: Watch for round numbers like 1.03000.
Fibonacci Levels: Use a Fibonacci retracement tool to identify additional supports if the price drops further.
Conclusion
The 1.04992 and 1.03822 levels are critical to watch for short-term and medium-term trading. Monitoring how the price reacts at these supports, combined with momentum indicators, will provide clues on whether the bearish trend continues or a reversal is forming.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always consult with a professional before making any trading decisions.
Let me know if you’d like me to analyze potential targets below 1.03822 or focus on other specific levels!
Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 4Technical Analysis of EUR/USD on the 2H Chart with 200 EMA and 47 EMA
The EUR/USD pair, on the 2-hour (2H) chart, shows clear signs of movement within a descending channel. In this article, we use the Exponential Moving Averages (EMAs) of 200 periods (white) and 47 periods (gray) as key references to identify the trend and critical trading levels.
General Context
The 200 EMA is widely used to evaluate the long-term trend, while the 47 EMA provides insights into short- to medium-term momentum. The interaction between these two moving averages is essential to identify potential reversals or confirm trend continuation.
Current Analysis
Predominant Trend:
The price is currently below the 200 EMA (white), reinforcing the scenario of a long-term bearish trend.
The 47 EMA (gray) is also below the 200 EMA, further supporting the medium-term bearish bias.
Key Technical Levels:
Main Resistance:
EMA 200: 1.06684. A breakout above this level may signal a trend reversal to bullish.
EMA 47: 1.06064. This level acts as an intermediate resistance. Failure to break this level could lead to renewed selling pressure.
Key Supports:
1.04992: The first significant support.
1.03822: A psychological support level and potential target in the case of bearish continuation.
Momentum Indicators:
Stochastic and other relative strength indicators suggest a slight exhaustion of selling pressure but do not yet confirm a reversal.
Trading Scenarios
Scenario 1: Bullish (Breakout Above the 200 EMA)
Entry: Buy above 1.06684 (200 EMA).
Target: 1.07156 or higher.
Stop Loss: Below 1.06064 (47 EMA).
Scenario 2: Bearish (Rejection at the EMAs)
Entry: Sell below 1.04992 or after rejection at 1.06064 (47 EMA).
Target: 1.03822 (support).
Stop Loss: Above 1.06684 (200 EMA).
Summary
The EUR/USD pair remains under bearish pressure as long as it stays below the 200 EMA. Rejection at the resistance levels (1.06064 and 1.06684) may reinforce the selling bias, while a breakout above these levels could pave the way for a recovery.
Key Support Levels
First Support Level: 1.04992
Significance: This level is a short-term support and represents a key pivot point. It has been tested multiple times recently, making it a critical threshold for bullish or bearish continuation.
Implications:
If the price breaks below this level, it could confirm continued selling pressure.
Traders might consider this level for a short position if it breaks convincingly, with targets at the next support.
Second Support Level: 1.03822
Significance: This is a major psychological and technical support level, representing a stronger area of buying interest. Historically, this level has acted as a floor during significant sell-offs.
Implications:
A break below this level would likely signal further bearish momentum and could open the door for a test of even lower levels.
Traders might look for strong buying activity here as a potential reversal zone.
Additional Notes on Support Levels:
Dynamic Support:
The 47 EMA (gray) may act as a dynamic support if the price closes above it. This is not a fixed level but changes as the EMA adapts to price movement.
Oversold Conditions:
Momentum indicators like stochastic oscillators or RSI in the oversold zone around these support levels could hint at a potential bounce.
Scenarios Around Support Levels
Bounce at 1.04992:
If the price holds above 1.04992, it could rebound toward 1.06064 (47 EMA) or 1.06684 (200 EMA).
Entry Idea: Look for bullish candlestick patterns like a hammer or engulfing candle for confirmation.
Break Below 1.04992:
A decisive break below this level could lead to a swift move toward 1.03822.
Entry Idea: Short position below 1.04992, targeting 1.03822, with a stop above 1.06064.
Testing 1.03822:
If the price reaches 1.03822, strong buying pressure could emerge as traders look for a potential bottom.
Entry Idea: Wait for a clear rejection or reversal pattern before entering long.
Potential Support Level Extension
If 1.03822 is breached:
Next Psychological Levels: Watch for round numbers like 1.03000.
Fibonacci Levels: Use a Fibonacci retracement tool to identify additional supports if the price drops further.
Conclusion
The 1.04992 and 1.03822 levels are critical to watch for short-term and medium-term trading. Monitoring how the price reacts at these supports, combined with momentum indicators, will provide clues on whether the bearish trend continues or a reversal is forming.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always consult with a professional before making any trading decisions.
Let me know if you’d like me to analyze potential targets below 1.03822 or focus on other specific levels!
EURUSD - Short term direction predictionTrend is up on short term timeframes but arguably down on long term ones so this is mixed and we will proceed with only a primary target on this one.
The marked price would make a decent short term target as there will be plenty of stop losses sitting above that structure level so I would not be surprised to see an aggressive movement toward this level and maybe potentially slightly higher to capture as many stragglers as possible (This might be handy for people who leave runners on their trades).
Also keep in mind that I am only providing potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter.
Eurusd mapping-I predict dxy will be bullish on December, so my monthly eurusd bias is bearish.
-more importantly, need to react to what price create when hit weekly premium level and not to rigid with the bias.
This is not financial advice. I am not licenced financial advisor.
EURUSD 1D ANALYSISEUR/USD Analysis – 1-Day Time Frame
In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040.
Two Potential Entry Models:
Rejection from Resistance:
If the price bounces back from the 1.06040 resistance level, you can look for a possible entry around 1.05200. From this level, the price may regain upward momentum, offering a favorable buy opportunity.
Break and Retest:
If the price successfully breaks through the 1.06050 resistance, wait for it to retest this level as a new support. Once confirmed, you can consider an entry at this zone, aiming for a continuation of the bullish move.
These setups offer strategic opportunities for those trading EUR/USD.
I hope this analysis helps you in your trading decisions. Don’t forget to like and comment for more analysis like this!
EURUSD may be bearish Monday!After reaching the resistance and supply area the price can be very bullish after confirming the crossing of the trend line!
A short term bull cycle in EUR/USD is almost readyEUR/USD FAST UPDATE
Quite easy, we said previously that breaking the green support was a bearish signal. After a breakout and take profits, now we see the price coming back to the support and forming a head and shoulders pattern.
Breaking up the blue resistance level would mean the start of a rally to, at least, 1,07 area.
Be ready :)
Previous short idea:
More upside and a drop for EUHi traders,
Last week EU started the pullback just like I've said in my outlook. Now the pullback is becoming much bigger, so it could also be a leading diagonal for the next impulsive wave up.
Next week I'd like to see price coming into the Daily FVG's above which is also the 50.0-61.8 fib retracement and from there a drop.
Let's see what the market does and react.
Trade idea: Price is too low to trade. Wait for the bigger correction up to finish.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
EurUsd- Long Run "Dec Expectations"Support and Resistance Levels:
The green zone highlights the key support level, which the price has recently respected. This aligns with the expectation of a bullish December if the support holds.
The pink zone represents a significant resistance area. Historically, the price has reversed upon testing this zone.
Weekly and Monthly Dynamics:
During the weekly timeframe, the price closed below long-term support but was rejected by the Weekly Order Block (OB), creating mixed signals. Staying below the 1.061–1.062 zone supports the case for a bearish week.
If the price pushes above this sell zone, we could see a potential test of the upper resistance levels highlighted.
Expected Scenarios:
The blue lines represent a bearish scenario where the price may break below the support zone, testing lower levels around the swing low before a potential recovery.
The black lines indicate a bullish scenario where the price builds momentum above the swing high, with targets set near the upper resistance zone.
Initial Movements:
The price action early in the week (Monday and Tuesday) will be crucial to confirm whether the bullish or bearish scenario unfolds.
By combining the chart's structure with the previously mentioned observations, we have a clear roadmap. Staying below the 1.061–1.062 range could lead to bearish price action, while a break above this zone might signal a recovery toward higher resistance levels.
EURUSDLooking at EUR/USD, the overall trend remains bearish, and my bias aligns with this due to the consistent break of structure to the downside. While price has been printing lower lows, it has also created an unmitigated supply zone.
Currently, I’m waiting for price to sweep the inducement and react off the supply zone. For added confirmation, I’ll monitor this move on the 1-minute timeframe. Ideally, price will take out the equal lows and the resting liquidity on the downside, reinforcing the bearish continuation.
EURUSD My Opinion! BUY!
My dear followers,
I analysed this chart on EURUSD and concluded the following:
The market is trading on 1.0414 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0470
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
Are Funded Trading Accounts Right for You? In the trading world, funded accounts are becoming increasingly popular. But are they the right fit for your trading journey? Let’s break it down:
🔥 What Is a Funded Account?
It’s simple: You trade using someone else’s capital, usually provided by a proprietary trading firm. In exchange, you keep a percentage of the profits, often ranging from 70% to 90%.
⚖️ Pros of Funded Accounts:
No Risk to Your Personal Capital: You’re trading someone else’s money.
Access to Larger Capital: Grow your profits with higher lot sizes and better leverage.
Keeps You Disciplined: Many firms require strict adherence to risk management rules.
💡 Challenges to Consider:
Evaluation Phase: Most firms require you to pass a challenge or verification, proving your profitability and discipline.
Daily/Overall Drawdowns: Strict rules on losses can be unforgiving.
Profit Splits: A portion of your earnings goes to the firm.
📈 Is It for You?
If you’re confident in your strategy and risk management, funded accounts can be an incredible opportunity.
If you’re still learning or struggle with discipline, it might be better to focus on improving your skills first.
🏆 Popular Funded Account Firms:
FTMO, Alpha Capital Group, The5ers, and more! Research each one to find the best fit for your style.
Have you tried a funded account? What was your experience like? Let’s discuss below!
EUR/USD Gains 1.55% This Week Amid Weak US DataEUR/USD Gains 1.55% This Week Amid Weak US Data
The EUR/USD pair strengthened by approximately 1.55% this week, driven by better-than-expected data from the eurozone and disappointing economic reports from the US. Despite this recovery, the long-term outlook remains uncertain, especially as the economic divergence between the two regions continues to weigh on market sentiment.
US Data Falls Short of Expectations
A series of weaker-than-expected US economic indicators pressured the dollar this week:
- **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2.
- **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4.
- **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M.
- **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10.
- **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast.
- **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market.
- **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing.
These data points fueled concerns about slower economic activity in the US, prompting a sell-off in the dollar and supporting EUR/USD gains.
Eurozone Data Provides Modest Support
The eurozone provided some relief for EUR/USD with slightly better-than-expected results:
- **Economic Sentiment (Nov):** Rose to 95.8, exceeding the forecast of 95.1, signaling marginal improvement in business and consumer confidence.
While the euro benefitted from these figures, the broader macroeconomic picture in the eurozone remains weak.
Comparative Economic Outlook
The US economy continues to outshine the eurozone across several key metrics:
| Metric | US | Eurozone |
|-----------------------|----------------------|---------------------|
| **GDP Growth Rate** | 2.70% | 0.90% |
| **Unemployment Rate** | 4.10% | 6.30% |
| **Inflation Rate** | 2.60% | 2.30% |
| **Interest Rate** | 4.75% | 3.40% |
| **Manufacturing PMI** | 56.00 | 45.20 |
| **Services PMI** | 57.00 | 49.20 |
While the eurozone showed some resilience this week, its lower growth rate, higher unemployment, and weaker PMIs highlight the underlying economic challenges.
Outlook for EUR/USD
Despite this week’s gains, the outlook for EUR/USD remains bearish in the long term. If eurozone economic data continues to underperform, the European Central Bank (ECB) may face pressure to implement faster and deeper rate cuts. Conversely, the US appears to be on a stable path toward a "soft landing," supported by strong labor markets and robust economic growth.
Conclusion
While EUR/USD benefitted from weaker US data this week, the pair's long-term direction depends on the relative strength of economic fundamentals between the eurozone and the US. The euro remains vulnerable, especially if eurozone data disappoints further and the ECB accelerates its monetary easing.
Will EUR/USD sustain its gains, or is a reversal imminent? Share your thoughts in the comments!
EURUSD Potential correction.I am expecting a potential correction in the euro next week, with targets higher. After the inversion of the 1D gap, I expect the price to reach the weekly imbalance for further reaction.
EURUSD - LONG ENTRY - Complete analysis Bullish BIASBullish Indicators:
1- Series of HH and HL
2- Hammer on 4h time frame and trend line support
3- Market respecting Fib support level 0f 1.06050
4- Completion of AB=CD pattern indication of end of reversal zone
5- Market has already formed divergence on last LH and LL
6- Formation of Inverse Head and Shoulder Pattern
Weekly Forex Outlook Sun.Dec.1.2024 - Fri.Dec.6.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion
EURUSD Trading JournalEURUSD Trading Journal
Dec 1
Last week I suspected for price come to 1.04720 for the high and it blew by that for the actual high to be 1.05968. Sweet.
We saw a week of accumulation. It seems likely that price will seek higher prices for beginning of the week taking the equal highs, possibility as high as the CE of the weekly SIBI before shorting to my suspected low of the week 1.05118?
Last week price encountered a high resistance price delivery. Could see low resistance price delivery this week, with the gauntlet of 5 red folders days ahead, including Fridays NFC.
Premium delivery on the weekly HTF and LTF previous weeks delivery is also premium.
I anticipate higher prices for the start of the week looking for shorts over all. And remembering to read what the chart prints.
EUR/USD Bearish Trend on Higher Time FrameEUR/USD is currently on upward trend but it might reverse from upper trend line of bearish channel. I have identified the important zones for sell order with tight stop loss..
Potential Bullish move for EURUSD.EURUSD is forming a potential inverse Head and Shoulders pattern on the 1/4 hour timeframe, indicating a bullish projection toward 1.08829.
A validate breakout above the neckline closing above 1.06095 is ideal. A breach of the neckline could trigger momentum toward the projected target which is last month open price, while failure to sustain key levels may result in deeper retracements.
EURUSD: Support & Resistance Analysis For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important
support and resistance levels for EURUSD for next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Idea for this week.The EUR/USD pair ended a three-week losing streak, recovering towards 1.0600 before finally finding sellers. The US Dollar (USD) gapped lower at the weekly opening after reaching fresh 2024 highs against its European rival, with EUR/USD bottoming at 1.0332 on November 22.
Trump, tariffs and inflation
The week started with headlines indicating that United States (US) president-elect Donald Trump picked billionaire Scott Bessent to serve as the next secretary of the Department of the Treasury. “Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me and the Great People of the United States of America,” Trump noted.
