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U.S. DOLLAR / EURO REFERENCE RATE

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EURUSD Will Go Lower! Sell! Take a look at our analysis for EURUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.160. Considering the today's price action, probabilities will be high to see a movement to 1.157. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Weak Pullback in EUR/USD – Is the Downtrend Still Intact?Hello everyone, On the EUR/USD chart, price is nudging up toward the 1.1630 area after a sharp drop from 1.1850. Despite some recovery over the past few sessions, the market structure remains firmly biased toward sellers, with a series of lower highs and lower lows still intact, indicating the medium-term downtrend has not weakened. From a technical perspective, the 1.1645–1.1670 zone is a significant resistance area, coinciding with multiple factors: an unfilled Fair Value Gap, the edge of the Ichimoku cloud acting as dynamic resistance, and a region where sellers tend to re-enter the market. Declining volume during the current upswing suggests this is more of a technical retracement rather than a genuine reversal. Conversely, the 1.1580–1.1550 zone below remains the nearest support, aligned with previous swing lows where the market previously bounced. In my view, EUR/USD is merely pulling back to attract liquidity above before resuming the main downtrend. Buying momentum is weak, while the USD retains strength due to high US bond yields and expectations that the Fed will maintain a cautious monetary policy stance. Therefore, I am monitoring price reactions around the 1.1650–1.1670 area, where selling pressure is likely to re-emerge. If price is rejected here, EUR/USD will likely revisit 1.1580 before potentially falling further toward 1.1550, or even 1.1500–1.1470 in the medium-term scenario. What’s your take on the current retracement – a preparatory accumulation for a reversal or just a temporary “breather” before the next leg down? Share your thoughts below!
Short
by EmmaChartist
5
EURUSD Shorterm Forecast on 4hrsOn shorterm bases price reversed at 1.16 and is heading high. My target is at 1.1680 but I think it will touch 1.17 again and seems like it will go higher to 1.185. For now, price will not go to 1.15 as I initially thought (currently there are no indications of the reversal of uptrend on minor timeframes). Shortterm I had to change my stance for bullish on 4 hrs due to the price action which developed last week due to US CPI release and continued government shutdown in the USA. However longterm, we will be reversing before 1.20. EURUSD tends to range a lot though. So it will stay in this area for a while. Watch the minor downtrend (lower highs on daily). I think price is likely to violate the last lower high on daily. FOR EDUCATIONAL PURPOSES ONLY
Long
by ICFX
2
EURUSD capped by falling resistance?The EURUSD remains in a bullish trend, with recent price action indicating a potential breakout within the broader uptrend. Support Zone: 1.1590 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.1590 would confirm ongoing upside momentum, with potential targets at: 1.1710 – initial resistance 1.1740 – psychological and structural level 1.1780 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.1590 would weaken the bullish outlook and suggest deeper downside risk toward: 1.1550 – minor support 1.1500 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the EURUSD holds above 1.1590 A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
1
EURUSD – Bears Remain in Control Despite Temporary USD WeaknessAlthough U.S. consumer confidence data showed a slight decline in October, which may lead to a short-term correction for the USD, the overall trend of EURUSD remains bearish. On the chart, price has broken below the short-term ascending channel and is forming a series of lower highs — a clear signal that buying momentum is weakening. The 1.1645 zone serves as the nearest resistance, aligning with the descending trendline . Price may see a minor rebound toward this area before continuing its decline. The 1.1608 level is a short-term support to watch — a decisive break below it could open the door for further downside toward the 1.1570 – 1.1550 zones. While there are expectations that the Fed may cut rates by 0.25% , given that the U.S. economy remains relatively stable, any USD pullback is likely to be technical rather than a shift in the broader trend.
Short
by Kairo_Vexen
4
Euro Bears Test the Floor — EUR/USD Daily ViewHello everyone! EUR/USD holds steady near 1.162 after testing last week’s floor at 1.1580. Bulls need a clean close above 1.1700 to reclaim momentum. 🧭 Bias: Neutral-to-bullish (above 1.1580) 📊 Key Levels Support: 1.1580 → 1.1545 Resistance: 1.1685 → 1.1745 → 1.1765 💡 Trade Setups Plan A – Breakout Long: Buy 1.1705 | SL 1.1660 | TP1 1.1745 | TP2 1.1765 | TP3 1.1820 Plan B – Support Buy: Buy 1.1605–1.1615 | SL 1.1570 | TP1 1.1665 | TP2 1.1695 💬 If you found this useful, drop a like 👍, leave a comment, and follow for more setups! Happy trading and good luck! — ForexCracked Analysis
Long
by ForexCracked
EURUSD DAILY CHART🧭 1. Chart Overview • Pair: EUR/USD (Euro vs. US Dollar) • Timeframe: Daily • Method: Elliott Wave + Market Structure + Supply & Demand ⸻ 📊 2. Elliott Wave Count The chart is showing a five-wave impulsive structure (1–2–3–4–5) according to Elliott Wave theory: 🔹 Wave (1) • The initial bullish impulse wave upward — start of a new trend. 🔹 Wave (2) • Corrective retracement that came down into the Demand Zone, where buyers stepped in again. 🔹 Wave (3) • Strong bullish move upward (the largest and most powerful wave). • Marked a Break of Structure (BOS) — confirming the bullish trend. 🔹 Wave (4) • Current corrective move — forming a descending channel or flag pattern. • This wave has possibly touched the Support Zone (lower trendline), preparing for the next push. 🔹 Wave (5) • Expected next move: bullish impulse toward 1.19–1.20 area (the upper boundary of the channel). • This would complete the 5-wave impulse sequence. ⸻ ⚙ 3. Key Zones on the Chart Demand Zone (Support for Wave 2) • Found around 1.14 – 1.15 area. • Marked where previous buying momentum began. Support Zone (Current Wave 4) • Found just below the current price (~1.15 – 1.16 region). • This acts as a retest area before potential bullish continuation. BOS (Break of Structure) • Appears twice — shows where the market confirmed new bullish momentum after breaking previous highs. ⸻ 📈 4. Expected Price Action (Projection) Based on the Elliott pattern and structure: 1. Wave 4 is likely complete or nearing completion at the support line. 2. A bullish reversal is expected soon. 3. Next move = Wave 5 upward → target around 1.19 – 1.21 (top of channel). This is confirmed visually by the arrow projection on the chart.
Long
by Fin_free_figt
1
EURUSD – When the Green Light Begins to ShineHello traders, On the 4-hour chart, EURUSD is showing signs of shifting from a consolidation phase to a clearer mild uptrend . The price has found a solid base near the 1.1595–1.1600 area, rebounding from the ascending trendline and now aiming for resistance around 1.1710 — a level where a stronger breakout could occur if buying momentum strengthens. Not just technically, but also fundamentally, recent Eurozone economic data such as PMI and consumer confidence beating expectations , combined with a softer USD as markets await the Federal Open Market Committee (FOMC) decision, are creating a favorable backdrop for the euro to attract capital inflows. Thus, the most likely short-term scenario is that EURUSD might dip slightly toward ~1.1600 for momentum , then bounce up toward ~1.1710. If this move is confirmed by a clean breakout above resistance, it could mark the start of a more sustainable bullish trend. In short, traders should wait for technical confirmation from support and a breakout above resistance before stepping in. It may not be a dramatic surge, but it’s a steady and promising bullish opportunity — the “golden bull” of EURUSD looks ready to move.
Long
by Kairo_Vexen
12
EURUSD rebounds strongly – ready to break higherAfter several days of sideways trading, EURUSD is regaining its momentum , driven by two golden catalysts: a weaker USD following softer U.S. CPI data, and a stronger-than-expected recovery in Germany’s economy. This combination has triggered a broad “risk-on” wave across global markets, pulling the euro back into an upward trajectory. On the H1 chart, the pair has clearly bounced off the ascending trendline, forming a double bottom pattern — a classic signal of reversal. The EMA 34 and EMA 89 lines are beginning to converge, hinting at stronger bullish momentum ahead. Support around 1.1615 remains firm, while the next target sits near 1.1650, where a potential breakout could unfold. With the Fed likely to cut rates soon and the ECB pausing further easing , capital flows are gradually shifting back into the euro. With both fundamentals and technicals aligning, EURUSD appears poised for further upside , potentially heading toward 1.1680–1.1700 in the short term.
Long
by Octaviuss
12
EURUSD: Buyers Gaining Momentum Near Key Support ZoneHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been moving within a clear downward channel, forming consistent lower highs and lower lows over the past few weeks. Each attempt to break above the resistance line has resulted in a fake breakout, confirming that sellers have maintained control through most of this structure. Recently, the pair found strong buyer support near 1.1550, a key support zone that has held multiple times in the past. After testing this level, the price bounced upward, breaking the channel’s upper boundary and forming a triangle structure — signaling that market momentum is shifting from bearish to corrective. Currently, EURUSD is testing the Triangle Resistance Line around 1.1670–1.1700, an important resistance area where previous rallies have stalled. The overall structure suggests that the market might face renewed selling pressure from this zone. My Scenario & Strategy From my perspective, EURUSD could see a short-term pullback from the resistance area before any potential breakout confirmation. A rejection here would likely push price back toward the Triangle Support Line or even the 1.1580–1.1550 support zone, where buyers could reenter.If, however, the pair manages to break and hold above 1.1700, it would indicate growing bullish momentum, possibly targeting 1.1750 — the top of the previous resistance area. Until such confirmation appears, I expect a corrective move downward within the triangle formation as part of a broader consolidation phase. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
6