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USDEUR trade ideas

EURUSD → Consolidating before the news.... FX:EURUSD is in a current downtrend, but there is news ahead and traders are waiting for hints about the US monetary policy. The currency pair has not yet reached the local target... On D1, the struggle for space continues after the false breakdown of support. Also, the market is still yet to test 1.061 - 1.065 - the key liquidity zone. Ahead of ADP Nonfarm, PMI and Powell's speech, where, according to analysts, the issue of rates, US monetary policy may come up. Any hints of an aggressive rate cut could reinforce buying in the Euro and selling in the Dollar. However, we can't know this ahead of time, so the market may remain in consolidation until the news. Resistance levels: 1.0606, 1.0654, 1.076. Support levels: 1.0448, 1.033 Technically, the currency pair can form an upward momentum to key resistance areas, from which the decline can resume. But, if the price breaks the support and consolidates below 1.044, the decline may start earlier. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
1
Top Trade Ideas: Profitable EUR/USD InsightsAlexGoldHunter FX:EURUSD Technical Analysis and Strategy for EUR/USD on a 1-Hour Timeframe Price Action and Key Levels Current Price: 1.04996 Resistance Levels: 0.786 Fibonacci: 1.05026 Recent High: 1.05050 Support Levels: Recent Low: 1.04800 0.382 Fibonacci: 1.04750 Indicators Moving Averages: The price is below the 50-period (blue), 100-period (green), and 200-period (yellow) moving averages, indicating a bearish trend. Bollinger Bands: The price is near the lower band, suggesting potential oversold conditions. Volume: Increased volume during the recent price drop, indicating strong selling pressure. Stochastic Oscillator: %K: 35.77 %D: 38.56 The Stochastic Oscillator is in the oversold region, suggesting a potential buying opportunity. MACD: MACD Line: -0.00107 Signal Line: -0.00120 Histogram: 0.00012 The MACD line is below the signal line, indicating bearish momentum. RSI: Current RSI: 45.14 Below the neutral 50 level but not yet in the oversold territory. Buy Strategy Confirmation: Wait for the Stochastic Oscillator to cross above the oversold threshold (20). Look for the MACD line to cross above the signal line, indicating bullish momentum. Confirm that the RSI is moving upwards from the oversold region. Entry Point: Enter a buy position when the price closes above the 50-period moving average. Stop Loss: Place a stop loss below the recent swing low to manage risk, around 1.04800. Take Profit: Set a take profit level near the upper Bollinger Band or the next resistance level, around 1.05026. Sell Strategy Confirmation: Wait for the Stochastic Oscillator to cross below the overbought threshold (80). Look for the MACD line to cross below the signal line, indicating bearish momentum. Confirm that the RSI is moving downwards from the overbought region. Entry Point: Enter a sell position when the price closes below the 50-period moving average. Stop Loss: Place a stop loss above the recent swing high to manage risk, around 1.05050. Take Profit: Set a take profit level near the lower Bollinger Band or the next support level, around 1.04750. Summary of Signals Buy Signal: Entry: Above the 50-period moving average Take Profit (TP): 1.05026 Stop Loss (SL): Below 1.04800 Sell Signal: Entry: Below the 50-period moving average Take Profit (TP): 1.04750 Stop Loss (SL): Above 1.05050 This detailed analysis and strategy should help you make informed trading decisions for EUR/USD. If you have any further questions or need additional insights, feel free to ask! or follow our free signal chanell links below provided
by Alexgoldhunter
Sell EUR/USD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0500, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0442 2nd Support – 1.040 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
14
Summary of the Day (December 3, 2024)Summary of the Day (December 3, 2024) --- Geopolitical Events - South Korea: - South Korean President Yoon declared martial law early in the day, citing opposition party obstructionism. This prompted significant political and market instability, including a sharp weakening of the Korean Won (KRW). - By the afternoon, the South Korean Parliament voted to block the martial law decree. President Yoon agreed to lift the order following the parliamentary decision, helping to stabilize markets. Emergency meetings by the Bank of Korea and Finance Ministry signaled plans for unlimited liquidity support if needed. - The geopolitical turmoil underscored market risk in South Korea, with international investors remaining wary. - United States: - Political developments included the Trump transition team working with the Justice Department on personnel vetting for national security roles, alongside continued monitoring of South Korea’s political crisis by the Biden administration. - The Federal Reserve continued its data-driven approach to monetary policy, with discussions on a potential December rate cut. - France: - Political uncertainty loomed, with President Macron defending his leadership amid budgetary tensions, and a no-confidence motion scheduled for December 4. - China: - Continued tensions with the US over chip export controls and strategic minerals (germanium and gallium) created friction. The PBOC engaged in significant market operations, injecting liquidity into the system. --- Market Highlights - Equities: - The S&P 500 showed minor gains, marking its 55th record close of the year, driven by a resilient rally despite global uncertainties. Nasdaq also closed slightly higher, continuing its tech-driven momentum. - Salesforce ( NYSE:CRM ) reported mixed Q3 earnings, with revenue beating estimates but earnings-per-share falling short. - Commodities: - Oil prices climbed, with Brent crude settling at $73.62/bbl (+2.49%) and WTI crude at $69.94/bbl, amid expectations of OPEC+ maintaining output cuts. - Natural gas futures saw modest gains, while refined products like gasoline and diesel followed crude's upward trajectory. - Forex: - The KRW was volatile due to political developments, recovering slightly after the martial law repeal. - The US Dollar saw mixed performance, gaining against some currencies like the Chinese Yuan (CNY) but losing ground to the Euro, which recovered from earlier losses tied to French political turmoil. --- Macroeconomic Data - United States: - Job openings in October surpassed expectations, reflecting labor market stability. Investors eyed upcoming payroll data and Fed commentary on potential December policy shifts. - API stock reports showed unexpected increases in crude oil (+1.23M barrels) and gasoline inventories, signaling potential bearish trends in energy markets. - Europe: - European Central Bank (ECB) officials suggested a cautious approach to rate cuts, emphasizing data dependence. Eurozone growth remained sluggish, with officials warning of long-term structural challenges. - Asia-Pacific: - Australia reported modest improvements in PMI figures, signaling an economic recovery. However, the country posted a larger-than-expected current account deficit in Q3. - South Korea’s inflation figures for November missed estimates, with CPI MoM at -0.3%, reflecting deflationary pressures. --- Investor Sentiment - Market sentiment fluctuated throughout the day, with extreme volatility in South Korea overshadowing relatively stable US equity performance. Fear and Greed Index values for cryptocurrencies (76/100) and broader markets (61/100) indicated high optimism but flagged potential for corrections in overbought sectors. --- This comprehensive overview underscores the interconnectedness of geopolitical risks, economic data, and market movements throughout the day.
by InvestMate
3
Forex Weekly News Digest...Hey Traders! Hope you’re all doing great. Here’s your latest update on the forex markets, with all the key points, a quick overview of less important stories, and a few insights to help guide you through the rest of the week. Top Stories: European Inflation Data: November's preliminary HICP inflation in Europe is up to 2.8% YoY from 2.7%. This bump might throw a wrench in the ECB's plans for rate cuts. They've been hinting at more cuts in December and into 2025, but rising inflation could complicate things. US Dollar Index (DXY): The DXY is hanging around the 106.00 mark, thanks to the US markets taking a break for Thanksgiving. The Greenback has pulled back from its recent highs, but don’t rush into a bearish stance just yet—short-term traders might get caught off-guard by a quick bounce back. GBP/USD Movement: GBP/USD is having a hard time making headway but is inching closer to the 1.2700 mark. Keep an eye on the BoE’s upcoming Financial Stability Report for insights on the UK’s economic outlook. USD/JPY Rebound: USD/JPY has regained some lost ground, bouncing off the 200-day EMA around 150.50. Japanese inflation is expected to tick up to 2.1% for November, from 1.8%. Rising inflation might push the BoJ towards hiking their rock-bottom rates, but watch out for Japan’s unemployment rate, which might creep up to 2.5% from 2.4%. AUD/USD Stagnation: AUD/USD is stuck near the 0.6500 level, with not much data coming out of Australia. The Aussie seems to be struggling to find its footing and gain momentum. Quick Glances: Canada Bread vs. Maple Leaf: Canada Bread’s owner, Grupo Bimbo, is suing Maple Leaf Foods for over $2 billion due to an alleged bread price-fixing scheme. This legal battle could shake up the food industry. Trump Tariffs: Trump’s tariffs are causing a stir, potentially affecting North American economies. Traders are keeping a close eye on how these tariffs will impact trade relations and market stability. China's Factory Activity: Good news from China—factory activity is expanding, signaling a potential recovery. This could have positive ripple effects on global trade and economic growth. Insights for the Week Ahead: Focus on Inflation Data: Upcoming inflation data from major economies will be crucial. It’s going to influence central bank policies and currency movements. For Europe, core HICP inflation is forecasted to rise to 2.8% YoY in November, which could complicate ECB's rate cut plans. Monitor Political Events: Keep an eye on political developments that could impact forex markets. Events like the Canada Bread and Maple Leaf Foods legal battle or Trump’s tariffs could sway market sentiment. Technical Analysis: Don’t forget to use technical indicators to pinpoint entry and exit points. Pay attention to key support and resistance levels, moving averages, and other tools in your trading toolkit..
Education
by OakleyJM
EURUSD Inverse Head and Shoulders to 1.08500EURUSD has formed an Inverse Head and Shoulders pattern, confirming the bottom of the long term bearish sequence. The right shoulders is about to be completed and there is no better time to buy than now. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.08500 (marginally under the 2.0 Fibonacci extension) Tips: 1. The RSI (1d) crossed above its MA on Nov 25th, confirming the transition from long term bearish to a bullish trend. This supports our 2.0 Fib target. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
4
11/22 EU Monthly Bullish Swing for the StarsHello all, here is my Update of what I am seeing on EU Just to give context the: Orange line - 4h Yellow line - Daily Red line - 1h White line - Monthly Black line - Weekly I am more of a dynamic trader and will intraday, or swing depending on the situation and sometimes can take my entries on the 1m like i did for this position which allowed for me to have a 5 pip Stop loss in this instance I use dynamic trend lines meaning i move them and adjust them as the market develops and when candles close, so what may look like a lot of lines really isn't what I have up all the time. This is just for visual aid to show you what I can see without the lines (sometimes) now with that out of the way. After my previous EU posts and losses I re analyzed and let the market play out a bit more and was able to see an area that I had not marked off as a weekly support although after a previous push up it broke the then resistance and is now using it for support I was able to zoom in on the daily and analyze the area where it broke and retested on the monthly now on the daily timeframe and mark of a zone that aligned with the Monthly support. This helped me to build my confluence. We also have the currently Weekly candle over more recent Weekly and Monthly Support, which also further adds to my idea of a transitions and list of confluences. As I've stated before we usually get that deeper pullback on those support and resistance areas sometimes, that is something I have personally noticed with EU I was then able to zoom in on the 4h with all of this info now known and analyze the exhaustion I was seeing on the higher timeframe, this led me to notice the 4H support formed during London session, and I was able to mark that off as a 4H support area and use that as a base to zoom in more to find a lower timeframe zone that aligned with the 4h support I then zoomed in to the 15m because that timeframe correlates with 4h and I was able to see a zone that I personally marked off on the 5m but can clearly be seen on the 15m. At NY (or a little before) I was able to mark off the 1h Support and resistance (red lines) this helped me to see if it broke on the lower timeframes to then wait a bit more and possibly re analyze for a different entry, but we just tested the 1h support and on the close of the candle at 11:30 I entered for a long targeting 1.15580 risking 5 pips I do feel that next weeks news and closure will be the determining factor as far as holding long term but I will continue to update and manage the position and scale in when possible. I do have all of my confluences in alignment so I am confident in this position after re-assessing things. I know it is Friday and there isn't much volume left in the market but I will be back bright and early next week!
Long
by Bhenderson22
1
EUR/USD – Weak Start to the WeekEUR/USD – Weak Start to the Week The EUR/USD pair began the week with declines, driven by macroeconomic data releases and political tensions within the eurozone. --- Macroeconomic Data Impact On Monday, the final reading of the **HCOB Manufacturing PMI** for the eurozone in November was released, showing a figure of **45.2**, in line with expectations. This continues to signal weakness in the industrial sector, contributing to euro depreciation. --- Political Issues in France Political turbulence in France further weighed on the euro. Key developments included: - Budget Dispute: Prime Minister Michel Barnier faced potential no-confidence votes as the far-right National Rally (RN) party, led by Marine Le Pen, threatened to oppose the government’s budget proposal. - Concessions: The French government dropped plans to reduce medication reimbursements to secure RN support. - Market Reaction: French bond yields rose, with the 10-year yield briefly surpassing Greece’s. The CAC 40 stock index fell 1.1% in early trading. --- ECB Comments Statements from European Central Bank members also hinted at potential monetary easing: - Olli Rehn** and **Yannis Stournaras suggested further rate cuts are likely in December due to persistent inflation concerns. - Martin Kazaks mentioned the possibility of discussing larger rate cuts, though he acknowledged significant uncertainty. --- Seasonality and EUR/USD Historically, December has been a favorable month for the euro against the dollar, driven by reduced market liquidity and year-end position adjustments. However, under the current market conditions, with weak eurozone data and robust U.S. performance, seasonality may not be sufficient to reverse the prevailing bearish trend for EUR/USD. --- USD Stability The U.S. dollar remains relatively stable, supported by strong macroeconomic fundamentals and comments from Federal Reserve officials. - Fed Officials’ Remarks : - John Williams: The NY Fed President noted that monetary policy remains restrictive and emphasized data dependence. He expects inflation to gradually decline to 2% and forecasts U.S. GDP growth of around 2.5% in 2024. - Christopher Waller: The Fed Governor expressed support for a December rate cut, citing a balanced labor market and concerns about inflation stagnating above 2%. - Raphael Bostic: The Atlanta Fed President stated that inflation is on track to reach the 2% target and emphasized the strong footing of the U.S. economy while remaining open to future policy adjustments. - U.S. Economic Data : - ISM Manufacturing PMI (November): Increased to 48.4, above expectations but still indicating contraction. - Construction Spending (October): Rose by 0.4%. --- Outlook for EUR/USD Despite last week’s gains, the long-term trend for EUR/USD remains bearish. The eurozone's economic data continues to underperform, adding pressure on the ECB to accelerate rate cuts. Meanwhile, the U.S. economy is on a stable path toward a "soft landing," supported by strong labor markets and steady growth. While seasonal factors might provide temporary support for the euro, the current market dynamics suggest limited potential for sustained EUR/USD appreciation.
Short
by InvestMate
2