Get started

EUR/USD Mini

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURUSD.1 trade ideas

EURUSD BULLISH CONTINUATION We identified a potential reversal signal in the EUR/USD market, as a W pattern (Double Bottom) has formed. After a recent decline, the price has bounced off a strong support level, creating two distinct lows. The W pattern suggests that the downtrend is losing momentum, and a reversal might be imminent. Key levels to watch: - Resistance: 1.05903 (previous high) - Support: 1.04818 (W pattern low) A break above the resistance level could confirm the reversal, while a break below the support level might invalidate the pattern. I'll be monitoring the price action closely for further developments. BEST WISHES TOM 😎
Long
by Tom_Trades_670
4
CHART BREAKDOWN EURUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy zone spanning from 1.04745 to 1.04795, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.04745 and 1.04795 serving as a low-risk buy. Bullish Targets📈: 1.04950: Possible retracement area. 1.05000: Possible retracement area. 1.05100: Possible retracement area. 1.05250: Possible retracement area. 1.05125: Significant supply zone. 1.05430: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Long
by T4X_Trading
1
Reverse Head and Shoulder patten forming in EURUSD DailyTechnical Analysis: ================ A reverse head and shoulder pattern has formed in EURUSD, if the price action continues to go up, it can gain ~300 pips. The neck line, left and right shoulders and the head of the H&S pattern are previous significant levels (means support or resistance in past). Fundamental Analysis: =================== 1) Santa Clause Rally : For whatever reason the stock market keeps going up in December, and USD should depreciate against major currency pairs including EUR 2) The VIX Index has gone down significantly due to the ceasefire between Israel and other parties There are other factors like Trump administration would consider crypto as mainstream currency, which would depreciate USD. But that might happen in 2025, we should see the H&S happening in December if the price action continues in the same/upward direction. Note: A trade idea I post here is also my trading journal.
Long
by spranav
1
Summary of Global Financial and Political Developments 02.12.24Summary of Global Financial and Political Developments (December 2, 2024): Federal Reserve and Monetary Policy: - Potential Interest Rate Cuts: - John Williams (New York Fed President) indicated that monetary policy remains restrictive and future actions depend on incoming data. He expects inflation to decrease to 2% and anticipates U.S. GDP growth around 2.5% in 2024. - Christopher Waller (Fed Governor) expressed support for a rate cut in December due to concerns about inflation stalling above 2%. He noted that the labor market is balanced. - Raphael Bostic (Atlanta Fed President) stated that the economy is on solid footing and is open-minded about upcoming policy decisions, acknowledging uncertainties in the labor market. Market Movements: - U.S. Stock Markets: - The S&P 500 closed at its 54th record high this year, driven by technology stocks like Tesla and Apple. - The Nasdaq 100 rose over 1%. - Treasury Yields: - The 10-year U.S. Treasury yield increased to 4.22% as traders anticipated a potential rate cut. - Currency Markets: - The U.S. dollar strengthened against the euro and yen amid political uncertainties in Europe and expectations of U.S. rate cuts. - Commodity Prices: - Crude oil prices fluctuated due to OPEC uncertainty and a stronger dollar, with WTI crude settling at $68.10 per barrel. OPEC and Oil Production: - OPEC+ sources indicated that the group is likely to extend oil output cuts until the end of the first quarter of 2025. - Iraq halted operations at the Basra oil refinery due to overloaded fuel oil storage tanks. - OPEC crude output rose by 120,000 barrels per day to 27.02 million barrels per day in November. Political Developments: - France: - Prime Minister Michel Barnier faced potential no-confidence votes over the government's budget proposal. - The far-right National Rally party, led by Marine Le Pen, threatened to oppose the budget. - The government made concessions by agreeing to scrap plans to reduce medication reimbursements. - French bond yields rose, with the 10-year yield briefly trading above Greece's for the first time. - The CAC 40 stock index dropped by 1.1% in early trading due to political uncertainties. - United Kingdom: - Prime Minister Starmer named Sir Chris Wormald as the new cabinet secretary and head of the civil service. - South Africa: - Clarified that BRICS has no plans to create a new currency, responding to threats of tariffs from Donald Trump. Geopolitical Tensions: - Middle East: - Israel attacked targets in Lebanon after Hezbollah launched missiles toward Israeli territory, violating the ceasefire. - Former U.S. President Donald Trump warned of severe consequences in the Middle East if Gaza hostages are not released before January 20. - Pro-Iranian Shi'ite militias entered Syria from Iraq to support government forces against rebels. - Syrian and Russian air forces conducted strikes on rebel-held positions. -U.S.-China Relations: - The U.S. tightened export controls on AI memory and semiconductor tools to China to curb technological advancements. - China's Commerce Ministry condemned the U.S. measures as economic coercion. - The Chinese yuan weakened to its lowest level since July. Economic Data Releases: - United States: - ISM Manufacturing PMI for November rose to 48.4, still indicating contraction. - Construction spending increased by 0.4% in October. - Eurozone: - Manufacturing PMI remained in contraction at 45.2 in November. - Unemployment rate held steady at 6.3% in October. - China: - Caixin Manufacturing PMI increased to 51.5 in November, signaling expansion. - Australia: - Retail sales grew by 0.6% month-over-month in October, surpassing forecasts. - Building approvals increased by 4.2% in October. - Canada: - Manufacturing PMI rose to 52.0 from 51.1, indicating improved manufacturing activity. European Central Bank (ECB) Actions: - ECB officials indicated that further rate cuts are likely in December due to persistent inflation concerns. - Olli Rehn and Yannis Stournaras suggested that rate cuts may continue. - Martin Kazaks mentioned that the ECB might discuss a larger rate cut but acknowledged high uncertainty. - ECB's Philip Lane projected that inflation would reach a sustainable 2% in 2025 and noted that monetary policy remains restrictive. Other Notable Events: - Donald Trump nominated Warren Stephens as U.S. Ambassador to the UK. - The Crypto Fear and Greed Index reached 80 out of 100, indicating extreme greed among investors. - China's President Xi Jinping called for the promotion of the Belt and Road Initiative. - China's central bank (PBOC) signaled plans to continue an accommodative monetary policy and reduce financing costs for enterprises and residents. - Japan's government bond market dysfunction eased, according to a Bank of Japan survey. Conclusion: - Global markets are experiencing volatility due to a mix of monetary policy signals, geopolitical tensions, and political uncertainties. - Anticipation of rate cuts by the Federal Reserve and the European Central Bank is affecting bond yields and currency valuations. - Escalating tensions in the Middle East and ongoing U.S.-China trade disputes are contributing to market uncertainty. - Political developments in France are impacting European markets and the euro. - Mixed economic data across major economies highlight the uneven pace of global economic recovery. - Investors are closely monitoring these developments for potential impacts on global financial markets and economic growth prospects.
by InvestMate
7
EURUSD A Fall Expected! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0523 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0496 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EUR/USD GET THE MONEY!Looking EUR/USD chart here are my observations: 1. Price Action & Trend Analysis Current Price: 1.04923, indicating a downward trajectory. The pair is clearly in a downtrend, with lower highs and lower lows being formed over the past few months. The price is below both the 50 EMA (1.0728) and the 200 EMA (1.0832), which reinforces the bearish trend. Recent candles show a consolidation near 1.0500, suggesting indecision or the formation of a short-term base. 2. Support and Resistance Levels Resistance: Immediate resistance is near 1.0532 (highlighted zone on the chart). Further resistance lies around 1.0600, which aligns with the EMA levels and a previous support-turned-resistance zone. Support: The current price seems to be hovering just above a support level at 1.0450, which aligns with the recent lows. A breakdown below this could lead to a retest of the next support at 1.0400 or lower. 3. Indicators RSI (Relative Strength Index): Currently at 33.88, indicating the pair is near the oversold zone. While this suggests bearish pressure, it could also hint at a potential reversal if buyers step in. MACD: The MACD line is below the signal line, indicating bearish momentum. However, the histogram shows a slight reduction in selling pressure, suggesting that bearish momentum could be weakening. 4. Observations from Chart Patterns and Signals Multiple red sell signals indicate sustained bearish sentiment. The blue buy signal near recent support (around 1.0450) suggests potential for a small bounce or reversal at this level. Consolidation near the psychological level of 1.0500 might lead to a breakout or breakdown, depending on market sentiment. 5. Sentiment & Fundamentals The news on the right-hand side (e.g., "Euro steady ahead of French no-confidence vote") suggests macroeconomic factors could heavily influence the pair. Continued bearishness in EUR/USD could also be linked to strength in the USD or weakness in the Eurozone economy. Lower Highs (LH) First LH: Around 1.1275 (visible at the top of the chart), marking the peak before the downtrend started. Second LH: Around 1.1050, where the price attempted to rally but failed, forming a lower peak. Third LH: Around 1.0850, a smaller rebound that also failed below the previous lower high. Fourth LH: Around 1.0650, the most recent swing high before continuing downward. Lower Lows (LL) First LL: Around 1.0950, the initial significant dip after the first LH. Second LL: Around 1.0750, breaking below the first LL and continuing the downtrend. Third LL: Around 1.0550, the next lower trough as the downtrend persisted. Fourth LL: Around 1.0450, the current area of consolidation and the lowest point on the chart so far. Visual Explanation The sequence alternates between lower highs (peaks) and lower lows (troughs), forming the classic downtrend structure: Lower High → Lower Low → Lower High → Lower Low. Key Levels to Watch A new lower low below 1.0450 would confirm the continuation of the downtrend. A higher high above 1.0532 (recent swing resistance) could signal a potential trend reversal. Summary Bearish Bias: The pair is in a clear downtrend. A break below 1.0450 could open doors for further downside toward 1.0400 or lower. Potential Reversal: If RSI stays near oversold levels and the pair holds the 1.0450 support zone, we might see a short-term bounce to retest 1.0532 or higher. Actionable Levels: Watch for a breakout above 1.0532 for bullish opportunities. A breakdown below 1.0450 confirms bearish continuation. THIS AINT FINANCIAL ADVICE YOU DO YOU!!
by DerrickJerry
Technical Analysis for EUR/USD (Euro/US Dollar)Chart Structure: Head and Shoulders Pattern: A reverse Head and Shoulders pattern is visible on the 1-hour chart, indicating a potential reversal to an upward trend. The Neckline is located at 1.0578, and its breakout could confirm the start of an upward move. Fibonacci Levels: The 0.5 Fibonacci level at 1.0578 acts as a key support. The 0.786 Fibonacci level at 1.0719 and the 1.0 level at 1.0824 are identified as potential targets if the Neckline is broken. Indicators Used: Ichimoku: The price is near the Kumos (cloud), and a breakout above the cloud could signal further upward movement. Alligator: The Alligator lines are opening up, indicating an increase in volatility and the potential continuation of the trend. Price Action Forecast: If the price breaks the Neckline at 1.0578, an upward move toward the 1.0719 and then 1.0824 levels is expected. If the price fails to break the Neckline, there could be a reversal back toward lower support levels, such as 1.0498. Conclusion: Bullish Scenario: A breakout and hold above 1.0578 would support further upward movement toward Fibonacci targets. Bearish Scenario: A failure to break the Neckline could lead to a decline and continuation of the current downward trend. This analysis is based on technical tools and should ideally be combined with fundamental analysis for a more comprehensive outlook.
Long
by arongroups
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
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