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USDEUR trade ideas

EURUSD-Trade Plan (First Week of December) Dear Traders, Following a substantial sell-off, the Euro has entered a corrective phase. However, based on , I expect a short-term pullback to the 1.04500 level early next week. This downward movement should be seen as a corrective wave within a broader bearish trend. Subsequently, a bounce back towards the 1.06600-1.07000 resistance zone is likely. Once this resistance is tested, I anticipate the Euro will resume its downward trajectory, with a potential target at 1.02." "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
Short
by alirezak
Will EURUSD Break Higher or Slide Further?EURUSD has been forming an inverse head and shoulders since November 14. However, it’s too early to assume prices will head higher, especially given the fundamentals, which all favor the downside. Coupled with yesterday’s slide, this suggests prices could move lower as long as they remain below 1.0550. The next support levels are 1.0465, followed by 1.0425. What’s your take on EURUSD? Share your ideas below. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
EURUSD - Potential Outlook for 03/12/2024EURUSD has completed bullish move and rejected on resistance level. EMA50 is nearing a cross of MA200 and this could potentially open lower levels. Break of resistance will open above levels. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Short
by MarketsPOV
EURUSD: 2 Years Moving Inside a Wide Trading ZoneEURUSD: 2 Years Moving Inside a Wide Trading Zone EURUSD has been moving within a wide trading zone between 1.0450 and 1.1250. This range of about 800 pips has been developing for nearly two years. The pattern began in November 2022, and recently, the support zone around 1.0450 has once again proven to be strong. On the daily chart, EURUSD appears to be starting a bullish trend. The first resistance zones where the price may pause are near 1.0690, 1.0800, 1.0950, and close to the top of the range at 1.1250. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
16
Fundamental Market Analysis for December 03, 2024 EURUSDThe EUR/USD pair is stuck at 1.0500 after the bullish recovery fizzled out. The pair was only able to squeeze out one green weekly candle after hitting multi-year lows around 1.0330. Euro\Dollar failed to push back from the 1.0600 mark as the short-term rebound fades. EUR/USD began another trading week by falling back to familiar short-term lows, failing an attempt to retrace to 1.0600 and pulling back to 1.0500, losing nearly eight-tenths of a percent on Monday. U.S. purchasing managers' index (PMI) data beat expectations but still came in below the 50.0 decline level, lending support to the safe-haven U.S. dollar. European economic data remains sparse in the first half of the trading week, although several European Central Bank (ECB) speeches will be on the agenda. Another week of Nonfarm Payrolls (NFP) looms over the markets, with US net job growth data due out on Friday, and plenty of preliminary labor and wage data to come during the week. ISM's US manufacturing PMI index rose in November, rising to a five-month high of 48.4 against a previous reading of 46.5, beating the forecast of 47.5. Despite the rise in the business expectations survey, the indicator is still in contraction territory below 50.0, meaning that most business operators still see a decline in overall activity in the coming months. Trade recommendation: Watching the level of 1.0600, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
EUR/USD H1 03/12/2024 – Key Levels 1.04950 & 1.05250Consolidation Likely Before Breakout – Key Levels 1.04950 & 1.05250 Daily (D1) Chart Key Observations: Price is currently trading below the 200 SMA (long-term bearish trend). The Ichimoku Cloud suggests bearish sentiment, with price under the cloud and the Tenkan-sen below the Kijun-sen. RSI (39) indicates bearish momentum, but it's not yet oversold. The MACD shows a weak bearish crossover, confirming a lack of bullish strength. Price is consolidating between 1.04950 (support) and 1.05250 (resistance). Conclusion: The D1 timeframe reflects a bearish bias unless there is a strong breakout above 1.05250. 4-Hour (H4) Chart Key Observations: Price has been rejected multiple times at the 1.05250 resistance, with the 200 EMA above current levels acting as a strong resistance zone. Stochastic Oscillator (27) indicates oversold conditions, signaling potential short-term buying pressure. RSI (48) is neutral, leaning toward bearish. The MACD is flat, showing indecision. ATR is low, suggesting limited volatility. Conclusion: A break of 1.05250 would require strong bullish momentum, but failure to breach could push prices lower toward 1.04500. 1-Hour (H1) Chart Key Observations: Price is trading just under the Ichimoku Cloud, signaling short-term bearishness. Stochastic Oscillator (55) suggests mild bullish pressure, but it's losing strength. MACD is slightly positive but flattening, indicating indecision. The 1.05250 level remains a key intraday resistance, while 1.04950 is the immediate support. Conclusion: The H1 chart suggests consolidation with potential for a breakout. A move below 1.04950 could lead to a bearish continuation, while a break above 1.05250 might fuel short-term bullish momentum. 30-Minute (M30) Chart Key Observations: Price has bounced off the 1.04950 support, forming minor bullish candlesticks, but resistance at 1.05250 remains firm. Stochastic is overbought (81), signaling limited upside potential in the short term. MACD is flattening, confirming consolidation. ATR is still low, hinting at range-bound movement. Conclusion: The M30 chart aligns with a short-term consolidation outlook unless we see a decisive breakout. Key Levels to Watch Resistance: 1.05250 (Short-term resistance). 1.05750 (Next upside target). Support: 1.04950 (Immediate support). 1.04500 (Next downside target). Strategy for trade entries Buy Stop Setup (Bullish Scenario): Entry Price: 1.05300 (above resistance). Stop-Loss: 1.05100 (20 pips below entry). Take-Profit: 1.05750 (45 pips above entry). Sell Stop Setup (Bearish Scenario): Entry Price: 1.04850 (below support). Stop-Loss: 1.05050 (20 pips above entry). Take-Profit: 1.04450 (40 pips below entry).
by napoleon182