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U.S. DOLLAR / EURO REFERENCE RATE

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Falling towards 38.2% Fibonacci support?The Fiber (EUR/USD) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 1.0357 1st Support: 1.0291 1st Resistance: 1.0462 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
EUR/USD – FVG Analysis on the 15-Minute ChartIn this analysis, I have identified a clear Fair Value Gap (FVG) on the EUR/USD 15-minute chart. The highlighted purple zone represents the imbalance between two candles, offering a potential trading opportunity. Trading Plan: 1. The price is currently in a corrective phase, expected to retrace toward the marked FVG area. 2. Once the price reaches the 1.03989 level the middle yellow line), a reaction and potential reversal are anticipated. 3. After testing the FVG zone, the proposed scenario suggests a continuation of the bearish movement toward new lows, below the 1.0300 level. Confirmation Factors: • Watching for the formation of a bearish structure within the FVG zone before entering a trade. • Cross-referencing with higher timeframes to validate the overall trend direction. This analysis reflects the application of the FVG strategy, providing clear key levels and a well-defined trading scenario for EUR/USD. Proper risk management and confirmation of steps are crucial before execution.
Short
by ctlpopa
1
EURUSD Set To Grow! BUY! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0416 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0431 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EUR/USD: Trump's Tariffs Impact Euro: Time for a Bounce?The EUR/USD pair kicked off the new trading week with a resounding bearish tone, plummeting to its lowest level since mid-January below 1.0210. Despite its oversold condition in the short term, investors continue to exercise caution in the Euro, fearing the lingering impact of US President Donald Trump's tariff threats. Over the weekend, Trump's administration announced sweeping trade tariffs on key allies and competitors alike. The tariffs, which range from 10% to 25%, are set to apply to imports from Mexico, Canada, China, and potentially the European Union. When questioned by reporters on Sunday about the prospect of imposing tariffs on European imports, Trump remained coy about the details, merely stating that it would happen, but without specifying timing or severity. This uncertain environment has instilled fear among market participants, causing the EUR/USD to decline sharply. However, as we navigate the complex landscape of global trade tensions, we believe that a short-term retracement is imminent. This potential correction could be sparked by investors seeking to reassess their positions and capitalize on any temporary relief from the recent downtrend. A Weekend Gap Opportunity In the near term, our primary focus is on the weekend gap that formed between 1.0170 and 1.0218. This gap represents a critical level that EUR/USD must fill to restore equilibrium in the market. If price action were to bounce from this gap, it could create a lucrative trading opportunity for traders looking to profit from a short-term recovery. Given the extreme bearishness surrounding the EUR, a retracement could be achievable if the market decides to close the weekend gap. While this may seem modest by some standards, any trading opportunity that arises from the EUR/USD's oversold condition is worth exploring. Conclusion As the EUR/USD pair continues to grapple with uncertainty surrounding Trump's tariff threats, we expect a short-term retracement to emerge in the coming trading sessions. This potential correction could provide a window of opportunity for traders to capitalize on the weekend gap, potentially leading to a temporary bounce. While the long-term implications of these trade tensions remain unclear, our focus remains on the immediate market conditions. As the EUR/USD navigates this complex landscape, we remain poised to take advantage of any opportunities that arise from the market's natural oscillations. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
EUR/USD: Bit of a head scratcher??? Where to my lovely?Hello traders FOMC is bearing down on us and this is not the time to be a deer, frozen in the headlights. I am rolling with the market movements, despite the long term bearish trend. I closed out my short positions (1.0426 and 1.0515) this morning for a total of +101 pips. I have used multiple time frames to illustrate the technical and price action side. The most important part of my decision to go long, was that the 4h low at 1.0411 that kicked off the rise to 1.0535 was respected. That was followed by the start of an ascending wedge. And of course the two daily closes(1/20 and 1/23) at 1.0415 were respected. On the negative side, there is a perfect evening star on the daily chart. However the nascent reversal can not be ignored. Fundamentally the USD data was disappointing this morning. Durable goods MoM weakened more. Consumer confidence dropped from 109.5 to 104.1. The rate outlook points to no cut tomorrow and a 32% chance of a cut in March. MEDIA: Please attribute rate probabilities used in your reporting to “CME FedWatch.” My stop is below 1.0390. Targets? Daily highs at 1.0458, 1.0534 and 1.0629. Downside, anything is possible down to parity or lower. Once again, market movements will be determined by Chair Powell and Ms. Christine Lagarde's statements at the press conferences. Get the popcorn ready. Best of luck all.
Long
by jvrfxalerts
7
Lingrid | EURUSD potential LONG from SWAP zoneFX:EURUSD market filled the gap and bounced off the resistance zone I highlighted in my last post. However, instead of continuing to move lower, the price broke and closed above the channel. Additionally, it closed above the swap zone, which has been respected multiple times before. On the daily timeframe, the market formed a long-tailed bar, suggesting that the price may move towards the resistance zone at 1.05000. If the market rebounds from the swap zone below and the upward trendline, there is a good chance that the price will continue to rise. My goal is resistance zone around 1.04570 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
EUR/USD 1-Hour Chart Analysis: Potential Reversal and BullishThe EUR/USD 1-hour chart reveals a potential buying opportunity based on several technical observations. The most prominent feature is the clear break of a prevailing downtrend line, signaling a possible shift in momentum from bearish to bullish. Price action has moved decisively above this broken trendline and is currently approaching a horizontal support zone (marked in purple). This zone, which has seen multiple touches, suggests a significant area of demand where buyers have previously entered the market. Adding to the bullish sentiment, the chart displays a strong bullish candle closing near its high, indicative of significant buying pressure. A potential long (buy) trade can be considered based on this confluence of factors. The red zone below the support level offers a defined area for placing a stop-loss order, allowing for controlled risk management. Conversely, the green zone above the current price action presents a potential take-profit target, creating a favorable risk-reward ratio. While these technical indicators suggest an upward move, confirmation is crucial. Traders should look for additional bullish signals, such as another strong bullish candle or a successful retest of the broken trendline as support. Analyzing trading volume would further validate the strength of the breakout. Finally, it's essential to consider the broader market context, including news events and overall trends in higher timeframes, before making any trading decisions. This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and thorough due diligence is essential before any investment decisions
Long
by SOM_FX1
1
Long on EURUSD after huge market open drop.Multiple grabs on that bottom so we longing. After multiple wicks in a key psychological area I'm placing a trade with a 1:2 RR and i am 100% ok with the moves that take place next. The long wicks at resistance above the move don't scare me because of the fact that the wicks below are larger. Considering all this my analysis should not fail me even though currently I am half way through draw down I will try to post all my trades this current week online. Because this week is very much calling to me.
Long
by Player_4x
1
10 Mistakes That Can Sabotage Your Trading SuccessNavigating Common Mistakes for Enhanced Trading Success Whether you’re a fan of technical analysis or not, understanding these common mistakes can significantly enhance your trading career. Take your time to read through this article, which outlines potential pitfalls and provides solutions. I’m confident you’ll find valuable insights for reflection. Did you know that more than 70% of traders encounter similar mistakes when employing technical analysis? Technical analysis is pivotal for traders aiming to succeed in the financial markets. It provides a systematic methodology for interpreting price data and informs decision-making by assessing historical trends and indicators. However, the essence of effective trading transcends merely utilizing these technical tools; it revolves around how they are applied within a broader context. Many traders inadvertently fall into the trap of overemphasizing certain techniques, while neglecting other critical dimensions of their analysis. By steering clear of these frequent pitfalls, traders can enhance their strategies and significantly heighten their chances for success. 1. Overreliance on Trading Indicators One of the foremost errors traders make is an excessive dependence on trading indicators. Tools such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can furnish useful insights into market dynamics, yet they should not eclipse the larger trading context. Placing undue trust in these indicators often blinds traders to essential elements such as price action, market sentiment, and macroeconomic factors that profoundly affect price fluctuations. For instance, a trader might execute a buy order solely because the RSI indicates an asset is oversold, disregarding a prevailing downtrend that could push the price even lower. Similarly, those fixating on MACD crossovers might overlook critical support and resistance levels or the ramifications of unexpected market news that could render their signals void. Solution: To combat this issue, traders should endeavor to integrate indicators with other analytical methods, such as price action and trend analysis. Observing price action through candlestick patterns and chart formations allows traders to gain insights into actual market behavior, while trend analysis aids in discerning the overarching market direction. This comprehensive approach empowers traders to make more informed decisions by utilizing indicators as complementary tools rather than single-point gods. 2. Dismissing Price Action for Complex Indicators Another frequent misstep is the disregard for the fundamental concept of price action in favor of convoluted indicators. Although tools like moving averages and Bollinger Bands offer valuable perspectives, they can often lack the immediacy of market sentiment captured through price movement. Price action reveals crucial visual elements—like candlestick patterns and support and resistance levels—that encapsulate real-time market psychology. When traders fixate solely on indicators, they frequently bypass essential cues about market dynamics. Patterns such as doji candlesticks or pin bars can convey significant insights regarding potential reversals or continuations that might remain hidden when relying exclusively on indicators. Solution: To avert missing critical patterns, traders should combine price action analysis with technical indicators. By merging price action with tools like RSI or MACD, traders can substantiate potential entry and exit points, thereby fortifying their analysis. A holistic approach enables traders to consider both market sentiment and statistical data in their decision-making process, resulting in more effective trading strategies. 3. Failure to Adapt to Shifting Market Conditions Stubborn adherence to a static trading strategy, regardless of fluctuating market conditions, is another common trader folly. Those who resist adjusting their approach often find themselves ill-equipped to manage the unique challenges posed by each market phase. For example, a trend-following strategy might yield excellent results in a strongly trending market but falter during periods of volatility or sideways movement. Failing to consider economic developments or geopolitical events can lead to significant financial setbacks. Understanding that market conditions are continually evolving is crucial. A strategy that proves successful in a trending environment may stutter during turbulent times. Solution: Flexibility is key. Traders must remain vigilant and adjust their strategies to align with current market conditions. For volatile markets, it may be prudent to emphasize shorter time frames and utilize tools like the Average True Range (ATR) to gauge market fluctuations. In contrast, momentum indicators such as MACD or trendlines could be more applicable in stable trending conditions. Read Also: 4. Complicating Trading Strategies Another prevalent error traders encounter is the excessive complicating of their strategies through an overload of indicators and predictive tools. While the desire to achieve a comprehensive overview can be tempting, the outcome frequently results in analysis paralysis. Overly complex approaches can generate confusion, hinder decision-making capabilities, and detract from a trader's confidence. Contrary to expectations, effective trading is often rooted in simplicity. Using a myriad of indicators can lead to mixed signals, making it difficult to identify genuine market trends. Solution: Eschew complexity in favor of simplicity by limiting the number of indicators utilized. Focus on mastering a few pivotal tools and patterns that complement one another. For example, combining moving averages with RSI not only provides both trend and momentum insights but also allows for more definitive decision-making. 5. Misreading Chart Patterns and Signals Chart patterns play a critical role in technical analysis and can offer essential insights into price movements. Yet misinterpreting these patterns can lead to costly mistakes. Traders often err in reading formations like double tops, head and shoulders, or triangles, leading to premature or misguided trade entries. These errors frequently arise from a lack of contextual understanding, including trend placement and volume considerations. Misinterpretations can result in acting on unreliable signals, causing traders to lose confidence and suffer unnecessary losses. Solution: To circumvent these misunderstandings, traders should validate chart patterns through multifaceted analysis. Volume, for example, is essential in assessing the integrity of a pattern; a formation accompanied by robust volume is generally more reliable than one emerging from low volume. Additionally, scrutinizing market structure and historical support/resistance levels can enhance pattern accuracy. 6. Neglecting Risk Management Principles Although technical analysis targets optimal entry and exit points, many traders overlook the fundamental principle of risk management. Overconfidence can lead traders to launch into trades based purely on chart readings, neglecting their risk tolerance and the potential for substantial losses. Understanding that even the most precise technical setups can be thwarted by unforeseen market volatility is crucial for sustainable trading success. Solution: Integrate risk management protocols into your technical analysis strategy. Establish Stop Loss orders at logical levels based on market structure or volatility. Position sizing is also critical; by avoiding over-leveraging, traders can mitigate the likelihood of catastrophic losses if trades do not perform as expected. Read Also this Two posts: 7. Allowing Emotions to Drive Decisions Emotions—fear and greed—often undermine a solid trading strategy. In high-pressure moments, traders may act impulsively to recover losses or seize on fleeting opportunities. Fear can provoke premature exits, while greed may instigate overly aggressive entries or excessively prolonged positions. Such emotional decision-making inevitably leads to suboptimal execution of technical analysis. The psychological components of trading are crucial yet frequently underestimated. Discipline in adhering to a well-defined trading plan is indispensable for maintaining emotional equilibrium. Solution: To manage emotions in relation to technical analysis, traders should diligently follow a structured trading plan, complete with predetermined entry and exit rules. Keeping a trading journal can also aid in tracking emotional responses, revealing behavioral patterns that may compromise decision-making quality. Read also this posts: 8. Overlooking the Importance of Backtesting A significant mistake traders commonly make is neglecting to backtest their trading strategies. Backtesting involves applying trading rules to historical data to assess past performance. Without this critical step, traders risk depending on untested strategies or assumptions that could lead to uninformed decisions and unwanted losses. Solution: Backtesting is an essential practice for honing technical analysis skills and validating strategies. By evaluating trading strategies against historical data, traders can identify strengths and weaknesses, refine their indicators, and subsequently enhance their overall approach. Tips for Effective Backtesting Utilize platform TradingView for access to historical data and backtesting functionalities. Test across diverse time frames and market conditions to gauge versatility. Recognize that while past performance does not guarantee future outcomes, insights gleaned through backtesting can significantly refine your strategy. 9. Neglecting the Importance of Market Context One critical mistake traders often make is failing to consider the broader market context when conducting technical analysis. Factors such as economic reports, geopolitical events, and changes in market sentiment can have a profound impact on price movements. Ignoring these elements may lead to misjudgments about potential trades, as technical patterns and indicators can shift in relevance due to external forces. For example, a trader might spot a bullish chart pattern suggesting a strong upward movement, but if there is an upcoming economic report expected to be unfavorable, the market may react negatively despite the technical signals. This disconnect can lead traders into false trades, upending their strategies and capital. Solution: To avoid this pitfall, traders should stay informed about broader market developments and familiarize themselves with scheduled economic events that could impact their trades. Integrating fundamental analysis into trading strategies can enhance the effectiveness of technical analysis, allowing for a more comprehensive understanding of market dynamics. Read also: 10. Failing to Keep a Trading Journal Another common misstep traders make is neglecting to maintain a trading journal. A trading journal is a valuable tool for documenting trades, strategies, and outcomes, allowing traders to reflect on their decision-making processes. Without this practice, traders may struggle to identify patterns in their behavior, learn from past mistakes, or recognize successful strategies over time. Not keeping a journal means missing out on crucial insights into what strategies work and what don’t, leading to stagnated growth and repeated errors. By failing to analyze their trading history, traders diminish their ability to evolve and refine their approaches based on real experiences. Solution: Traders should commit to maintaining a comprehensive trading journal that details every trade, including entry and exit points, reasons for taking the trade, emotional responses, and the overall outcome. Regularly reviewing the journal can reveal trends in trading behavior, highlight biases, and provide invaluable guidance for future trading decisions. A trading diary not only enhances trading discipline but serves as an essential framework for continual improvement. Read Also: Conclusion In summary, the journey to successful trading is filled with potential pitfalls, including overreliance on indicators, dismissing price action, failing to adapt to market conditions, neglecting risk management, and the gaps in understanding market context and documenting strategies. By consciously avoiding these ten common mistakes, traders can refine their strategies, strengthen their decision-making processes, and ultimately enhance their chances for success. Mastering technical analysis requires a balanced and disciplined approach that integrates an awareness of market factors, personal insights through journaling, and evolving strategies based on continuous learning. As the market landscape changes, so too should your approach— only by adapting can traders position themselves for profitable outcomes in a competitive environment. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
13
EURUSD - Sell Setup After Key Support BreakOANDA:EURUSD has decisively broken below a key trendline, signaling an increase in bearish momentum. This breakdown suggests that sellers are gaining control, with the potential for further downside continuation. In the near term, price may revisit the breakout level for a retest, where the previous support could now act as resistance. A failure to reclaim this level would reinforce bearish sentiment, increasing the likelihood of renewed selling pressure. If sellers maintain dominance, the price may head toward the 1.03120 level. For confirmation of continued downside movement, traders should look for bearish technical signals, such as a rejection wick, a bearish engulfing candlestick, or increased selling volume. Conversely, a sustained move back above the resistance level could invalidate the bearish setup and shift the bias toward a potential bullish recovery. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Short
by TrendDiva
1
Euro / U.S. DollarHello Dear Traders, This is not a signal; rather, it is an idea to better understand market movements in the 15-minute timeframe. If confirmed in the 1-minute timeframe, you can utilize positions up to these areas. I noticed this and I'm sharing it with you to help you find a position that aligns with your own strategy. Wishing you success! Risk Disclosure Please note that all trades in financial markets carry a high level of risk. Your capital may be at risk, so it is essential to conduct proper analysis before entering any trades and to implement risk management strategies. Wishing you all the success! Fereydoon Bahrami "A retail trader in the Wall Street trading Center (Forex)."
by fereydoon1199
1