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USDEUR trade ideas

Fundamental Market Analysis for December 19, 2024 EURUSDThe Pound-Dollar pair is strengthening after dropping more than 1% following the hawkish decision by the Federal Reserve (Fed) on Wednesday and is trading near 1.25900 in Asian hours on Thursday. The Pound Sterling (GBP) is receiving upward support as the Bank of England (BoE) is expected to leave interest rates unchanged later in the day, while maintaining focus on addressing elevated domestic inflation. On Wednesday, data emerged that the U.K. Consumer Price Index (CPI) rose 2.6% year-over-year in November after rising 2.3% in October. The core CPI, which excludes volatile food and energy, rose 3.5% year-on-year in November, up from a previous increase of 3.3%. Meanwhile, annualized services inflation remained at 5%, below the forecast of 5.1% but above the Bank of England's estimate of 4.9%. GBP/USD declined on the back of a stronger US Dollar as the Federal Reserve (Fed) decided to cut rates by 25 basis points (bps) at its December meeting on Wednesday, bringing the benchmark lending rate to a range of 4.25%-4.50%, a two-year low. On Thursday, traders will be watching for weekly data on initial jobless claims, existing home sales and the final annualized third quarter (Q3) gross domestic product. Trading recommendation: Watch the level of 1.26000, if the level is fixed above consider Buy positions, if the level rebounds consider Sell positions.
by Fresh-Forexcast2004
#EURUSD - 19122024I was somewhat wrong on the direction yesterday but intraday levels worked great. TBH, I was not sure about the direction of move yesterday. I said that it does look bearish and if it goes up first, could see the sell down lower. And it nicely hit 1.0513, sold down to 1.0468 level for 45pips, which I said could be a bounce point and well it did bounce back to OP for 25pips but eventually sold down to lows on FOMC. What's next for today? Similar to indices, very bearish daily candle. One could expect further downside but price is now back to a support zone. I expect a move up to 1.0440 before sellers will appear. If EURUSD could reclaim 1.044 on daily, I see that as low is in and should see further upside going forward.
by FadeMeIfYouCan
EURUSD - Ready For A Bearish Breakout?The EUR/USD pair is currently hovering near the lower end of a consolidation range observed over the past few days. The price is showing indecision as it fluctuates between key levels of support and resistance, with sellers appearing to exert more pressure as indicated by the negative Cumulative Volume Delta. Key Levels: Resistance: The pair has a key resistance zone at 1.0560, which has capped upward moves in recent sessions. Beyond this, stronger resistance lies around 1.0680, marking the upper boundary of the recent trading range. This might be a possible zone for re-entries into short positions. Support: On the downside, 1.0455 is acting as a critical support level. This zone has been tested multiple times but continues to hold, suggesting that buyers are stepping in around these levels to prevent further declines. Price Action: The pair is currently trading within a tight range between 1.0455 and 1.0560. There is no clear directional momentum at the moment, and the pair may continue to consolidate in this zone in the short term. However, repeated tests of the 1.0455 support level suggest that bearish pressure is building. Outlook: A break below the 1.0455 support could open the door for a move toward the next significant support at 1.0350. On the other hand, if the bulls manage to push the price above the resistance at 1.0560, it could trigger a rally toward the higher resistance zone around 1.0680.
Short
by Ochlokrat
EURUSD: Sell ​​stop trade on confirmationGood morning to all traders and investors, after several weeks spent reviewing and updating my LuBot indicator for intuitive graphic analysis, here I am reporting a new analysis on a possible short trade on EurUsd. As you can see from the graph above I have highlighted some main parts of this trade idea, starting however from a broader vision i.e. that of the Weekly graph that I share below From the weekly chart we see that after the last short signal, a first bearish swing is created, thus causing the negative structure to return. After a slight retracement in recent weeks, a doji bar is created which acts as a swing maximum and the following week the second bearish swing is created in which we still find ourselves today. All LuBot indications are negative so we are eligible to look for a short. At this point I go down to the lower timeframes (Daily,12H,6H or 4H) which are the operational timeframes I use as I never go below 4H. Generally speaking, all timeframes lead to the same reasoning, but the one where the vision is clearest in this case is the 6H which I bring you as the main image. Intuitively LuBot already gives me a clear vision of the trend and what to do as we clearly see that the price has remained below the trendCloud which acted as dynamic resistance, we have a Short signal which has not made a big movement and we could expect a subsequent extension, the candles are still bearish but are currently in a retracement phase. Confirmation of an effective return to the negative short structure would come from the break of the 1.0479 level that LuBot shows with the red dots, in which I insert a sell stop order on strength. 👍 Did you like this post? If you want to see more, let me know with a like 😊 🙋‍♂️ Remember to follow me so you don't miss my future analyses. 🔑 Try LuBot for free, find the link below, you can also get lifetime access without paying anything ⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions. TAGS: BLACKBULL:EURUSD OANDA:EURUSD PEPPERSTONE:EURUSD KRAKEN:EURUSD SAXO:EURUSD BITSTAMP:EURUSD FOREXCOM:EURUSD FPMARKETS:EURUSD FX:EURUSD
Short
by LuTrader_LB
EUR/USD (1-Hour Chart) – Three Possible Scenarios I'm here to illustrate three possible scenarios for the future EUR/USD movement on the 1-hour chart. 1. Bearish Continuation Below the Demand Zone (≈1.0460) The price has formed a double bottom near 1.0460, indicating a strong demand level. If the market breaks below this zone, it would suggest that sellers remain in control and the downtrend could continue. 2. Retracement From the Supply Zone (≈1.0630) The supply zone around 1.0630 is acting as a strong resistance level. If the price moves up into this zone and finds significant selling pressure, it may retrace lower. Additionally, the RSI is showing overbought conditions, which supports the idea of a potential pullback from this area. 3. Bullish Breakout Above the Supply Zone (≈1.0630) If the price breaks above the 1.0630 supply zone and shows a clear Change of Character (CHOCH), it could signal a new bullish trend. This would imply that buyers have regained control, pushing the market toward higher levels.
by ClearTradingMind
EURUSD UNTIL FOMC:4H Analysis OANDA:EURUSD EURUSD is in consolidation phase & has been moving in the range highlighted in the chart. Now, until FOMC we can only trade on highs and lows of the ongoing chart pattern BUY LEVEL RECOMMENDATION: 1.04330 & 1.04272 SELL LEVEL RECOMMENDATION: 1.06101 For SL, we should use very small and according to our risk: reward plan. If you guys find my idea helpful or insightful in possible way, then don't forget boost to and comment on the idea. I'll be very interested to see your take on the market.
by Forex_Analysis_Wing
EUR/USD: Trend Analysis.EUR/USD: Trend Analysis. The EUR/USD pair is currently experiencing a sell trend, as confirmed by the Trend Finder adapter. However, the Multi-Kernel Regression analysis indicates a strong buy signal, suggesting a potential upward move. Key Points: - Trend Finder adapter indicates a strong sell trend - Trend lines: Resistance (1.05516), Support (1.04734) - Multi-Kernel Regression indicates a strong buy signal - EUR/USD pair may be preparing for an upward move - Potential targets at higher resistance levels Best Wishes Tom 😎
Long
by Tom_Trades_670
EURUSD Trading Journal -Dec 18 Pre London NY sentiments EURUSD Trading Journal Dec 18 Pre London NY sentiments Price went from expansion to the down side in Asia that continued in London. To consolidate and reverse. Huge consolidation in NY. With buy stops taken yesterday that created equal highs. Price opened in Asia in a discount. Its likely to see price come up to FVG at .79 level, however It might only reach the .70 level/recent buy stop and react to give us a short to the noted FVG 1.04800 level. The event horizon is nested with previous session equal highs, something I am also watching.
Short
by LParnell
#EURUSD - 18122024I was bullish EURUSD yesterday but it made a new high then came down to level below, before recovering but closing with a bearish candle. Is the highs in? Or is this just a pullback for another leg higher. This IMO, is a tricky question. With yesterday's bearish candle, I do see a move lower. Thus a possible scenario, if I am overall bullish, would be, for price to come down to clear the lows, before buyers come in and bring this higher. 1.0468 is thus a good level to go long off. However, if price continues up from here, I would be wary of a pullback from a resistance above and 1.0516 is such a level. Of course, it can trade to 1.0516, sell down to 1.0468 then rally up to close green.
by FadeMeIfYouCan
EURUSD Summary of Dec 17EURUSD Summary of Dec 17 Price opened in Asia in a premium. Had no strength to rally. Expanded to the down side to rebalanced a FVG from Monday, fell past the .79 retracement level testing the other highlighted FVG before reversing. NY news driver at 8:30 saw price react to the up side to the 50% where it consolidated until after lunch coming back down into a discount. Price has been narrowing its range the last couple days, just seeking FVG from the previous day and previous days equal highs and lows.
by LParnell