The EURUSD tradingview, pair is one of the most traded currency pairs in the world. Traders from every level—beginners to professionals—actively-. analyze the pair to identify profitable opportunities. TradingView has become the most popular platform for technical analysis. because of its user- friendly interface, advanced charting tools, and powerful indicators.
In this article, we will break down the trend, support. and resistance levels of EURUSD using TradingView charts. This guide is, designed to help you understand the market structure. identify smart entry points, and improve your trading decisions. Whether you are a day trader or swing trader. this detailed breakdown will increase your confidence in analyzing EURUSD.
What Is EURUSD?
Before jumping into technical details, it’s important to understand what EURUSD represents. EURUSD indicates how many U.S. dollars are, needed to buy one euro. Because the euro and the U.S. dollar are two of the world’s most influential currencies. the pair reflects global economic conditions and market sentiment.
EURUSD is, known for:
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High liquidity
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Tight spreads
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Clear technical patterns
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Strong response to macroeconomic events
These characteristics make EURUSD perfect for applying technical analysis tools on TradingView.
Why Use TradingView for EURUSD Analysis?
TradingView is widely- preferred for FX analysis because of:
1. Real-Time Price Charts
EURUSD updates instantly- on TradingView, which is essential for scalpers and day traders.
2. Advanced Indicators
Indicators like RSI, MACD, EMA, and Fibonacci tools help identify entry and exit points.
3. Multi-Timeframe Analysis
You can quickly- switch between charts such as 1-minute, 1-hour. and daily to understand market structure.
4. Drawing Tools
Trendlines, support and resistance zones, rectangles. and Fibonacci retracement help visually- map price action.
5. Community Scripts & Ideas
TradingView provides verified and user-generated scripts, making analysis easier and more accurate.
Understanding Trend on TradingView
A trend refers to the general direction in which the market is moving. On EURUSD, trends can be bullish, bearish, or sideways.
1. How to Identify a Trend
✔ Bullish Trend
Price creates higher highs (HH) and higher lows (HL).
✔ Bearish Trend
Price creates lower highs (LH) and lower lows (LL).
✔ Sideways Trend
Price moves between a fixed support and resistance zone with no clear direction.
TradingView Tools to Identify Trend
1. Trendlines
Drawn manually-, trendlines show the slope of the market. A rising trendline indicates bullish momentum, while a falling one shows bearish momentum.
2. Moving Averages (EMA 50 & EMA 200)
EMAs are widely- used to confirm trends in EURUSD.
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Price above 50 EMA → Short-term bullish
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Price above 200 EMA → Long-term bullish
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Golden cross (50 over 200) → Strong bullish signal
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Death cross (50 below 200) → Strong bearish signal
3. MACD Indicator
MACD helps identify trend shifts. When the MACD line crosses above the signal line, it often indicates a bullish move. A cross below can say a bearish reversal.
4. RSI Indicator
RSI shows momentum strength.
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Above 50 → Bullish trend
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Below 50 → Bearish trend
Identifying Support & Resistance Levels on EURUSD
Support and resistance form the backbone of price action trading. Using these levels on TradingView helps traders predict potential price reversals.
What Is Support?
Support is the price level where the EURUSD pair tends to stop falling. Buyers step in and push the price higher.
What Is Resistance?
Resistance is the level where the price tends to stop rising. Sellers enter the market and push prices downward.
Types of Support & Resistance on TradingView
1. Horizontal Levels
These levels are, drawn across previous swing lows and swing highs.
2. Trendline Support & Resistance
Trendlines themselves act as dynamic support and resistance.
3. Moving Averages as Dynamic Support/Resistance
On EURUSD:
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EMA 50 and EMA 200 often act as major dynamic zones.
4. Fibonacci Levels
Fibonacci retracement levels such as 38.2%, 50%, and 61.8% are widely- respected by EURUSD traders.
5. Psychological Levels
Round numbers like 1.0500, 1.0800, and 1.1000 often act as powerful S/R zones.
How to Mark Support and Resistance on TradingView
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Change your chart to the Daily (D1) timeframe.
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Identify major swing highs and swing lows.
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Draw horizontal lines at levels where price has reversed many times.
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Switch to H4 or H1 to refine levels.
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Use EMAs or Fibonacci to confirm the zones.
How EURUSD Responds to Support and Resistance
EURUSD usually respects S/R levels. because large institutional traders place orders around these points.
At Support:
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Price slows down
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Wicks appear
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Bullish reversal patterns form (Hammer, Engulfing)
At Resistance:
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Price stalls
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Selling pressure increases
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Bearish reversal patterns form (Shooting Star, Bearish Engulfing)
Combining Trend + S/R for Better Trading
The strongest setups appear when trend and support/resistance align. Let’s look at examples.
1. Bullish Trend + Support Rejection
When EURUSD is in an uptrend and it bounces off a major support, it creates a high-probability buy setup.
2. Bearish Trend + Resistance Rejection
During a downtrend, rejections from resistance often provide excellent sell opportunities.
3. Breakout Trading
If EURUSD breaks a major resistance zone in an uptrend, it may continue rising. Similarly-, breaking major support in a downtrend signals continuation.
Best Indicators to Use with Trend & S/R
1. RSI + Support
RSI oversold + support zone = strong buy signal.
2. MACD + Breakout
MACD crossover during breakout increases probability of continuation.
3. EMA + Trendline
EMA 50 often aligns with trendline support, creating strong confluence.
Common Mistakes Traders Make on EURUSD
❌ Entering trades without confirmation
Always wait for candlestick patterns or indicator alignment.
❌ Ignoring major news
EURUSD reacts strongly- to NFP, CPI, interest rate decisions, and ECB/FED speeches.
❌ Using too many indicators
Keep your chart clean. Trend + S/R + 1–2 indicators are enough.
Trading Strategy Example
Buy Strategy (Bullish Trend)
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Price above EMA 50 and EMA 200
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Price retraces to support
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RSI remains above 50
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Bullish candlestick confirmation
Entry: After engulfing candle SL: Below recent support TP: Next resistance zone
Sell Strategy (Bearish Trend)
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Price below both EMAs
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Price retests resistance
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MACD bearish crossover
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Bearish candle confirmation
Entry: After rejection wick SL: Above resistance TP: Next support
Conclusion
Understanding the trend, support, and resistance. on TradingView is essential for analyzing EURUSD effectively-. By combining trend direction with strong S/R zones. traders can identify high-probability setups. and avoid low-quality trades.
TradingView’s tools—such as EMAs, Fibonacci retracement, trendlines. and RSI—make it easy to perform accurate technical analysis. Whether you are a beginner. or a professional trader. mastering these concepts will help you make better trading decisions. and maximize your profit potential.
