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Eurodollar

EurUsd Buyers battle @ 1.086 4Hr Zone ⚔️Hello traders welcome back to another Analysis. //// 0:0 Monthly/Introduction 1:06 Weekly Timeframe 2:24 Daily timeframe 2:58 4Hr timeframe 4:15 1Hr timeframe //// We have upcoming (USD) PMI manufacturing data during the next NY session to look out for. It is expected to expand overall but decrease slightly from the last data point. Coming out of last Friday and during Monday's price action we observed Risk on sentiment with the Eur being favored. Maybe this will come to a halt, and during today's price action we will see a retracement back down with the positive expected USD data. If Risk-On sentiment continues, a candle closure above 1.086 on the 1hr and especially the 4hr may confirm solid long orders up to the next daily level (1.0888).
by ShrewdCatfx
Eur/Usd March 24'... Risk on Sentiment? 🕶️Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago. Apologies if this analysis was a bit scattered and have a nice day! 0:0 Intro and Monhtly timeframe 1:50 Weekly timeframe 3:31 Daily timeframe 3:51 back to Monthly to explain new monthly candle potential 5:10 back to daily timeframe 6:53 4Hr timeframe 8:16 1Hr timeframe Attempted a brief analysis but ofc it ran longer than I would've liked :)
Long
by ShrewdCatfx
EUR/USD Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: In this week's trading, the Eurodollar lacked significant price movement, revolving around the Mean Resistance level of 1.085. This means that the currency has been experiencing a period of consolidation with no clear direction. However, based on recent price trends, we expect the Eurodollar to move towards our Mean Support level of 1.077. This may trigger further downward movement, leading to an additional decline. If the downward movement continues, the Eurodollar could reach the Inner Currency Dip at 1.065, which is the primary target. The Inner Currency Dip 1.065 is where the currency is expected to have the most significant support, and a reversal in trend can often occur. However, this decline will happen gradually, with Mean Support levels at 1.070 and 1.067 as intermediate upside price effects. It's important to note that various factors, such as economic data releases, political developments, and global events, can influence the Eurodollar's movement.
by TradeSelecter
Eur/Usd silent commentary analysis 📻2 Hours after London Close 2/28/24. Eurusd we observed a wild day of volatility as a large 50 pip bearish move during london session was duly corrected by a Bullish New york session. Price moved away from our Daily resistance level 1.0885 today and pulled back as the monthly candle comes to a closure. This is not abnormal to observe when the monthly candle closes. GDP Preliminary numbers contracted today and missed expectations of 3.3% Q/Q. It was 3.2% so a difference of .1%. This was enough to cause a sudden 4 pip drop followed by an 8 pips increase in 2 minutes. This was a catalyst for the bullish sentiment all morning for the Eur/Usd ad therefore the Eur. Key levels and session behavior described in more detail in the video.
by ShrewdCatfx
Bullish momentum is over? 📊Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range and price may reach across the clean traffic range to 1.08166 . A 27 Pips range.
Long
by ShrewdCatfx
2
Eur/Usd Top Down Analysis Feb 24'Eur/Usd! The reaction off 1.08927 was quite dramatic last thursday and friday. Intro/Monthly TF 0:0 Weekly Timeframe 4:05 Daily timeframe 6:29 4hr timeframe 9:29 1Hr timeframe 11:33 Price has retraced and since dipped into a 4hr zone 1.08011. It bounced here on friday and the price action consolidated after that. It is possible that we may observe more sideways movement before another continuation. I liken a continuation for buyers because of sentiment moving out of last week due to cad news. It is quite normal to see a reaction off a daily zone like we observed on thursday and friday and it could very well be just a pullback in an uptrend. Caution however! Not Financial Advice. Education Purposes Only.
Short
by ShrewdCatfx
3
EURUSD, DOLLAR FALLING??This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup. Setup Breakdown : WEEKLY Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months. Note : The Premium - Discount zones further left. Price in the weekly has traded into the Bullish Orderblock and the 2 weeks ago low has been taken out, hence the bullish candlestick for last week's trading. DAILY We have a Swing Low After or during a Turtle Soup. Accumulation and price trading down to a weekly PD Array + taking out stops, makes it more possible to see a AMD Trade . two large down candles = Orderblock from the weekly, we measured half of the two last down candles and we identified a CE. Below that we have a Balanced Priced Range/ Bullish FVG. Price inefficiency (notice the latest continuous up candles, well they have created a price inefficiency, Price needs balance. [Hence our speculation of the EU shorting towards our Bullish/ Daily Discount Arrays We looking to trade towards the Balanced Price Range (BRP) which is inside the Orderblock SETUP Expectations Bullish conditions Price seeks a PD Array to take out the Buy side liquidity laying above, trading to the Weekly Bearish Orderblock . Thus confirming our AMD The BRP / +OB / +FVG are our Points of interest, we look to initiate the longs there, just switch to a 15 Minutes or and look for a valid entry between London Killzone / New York Killzone. There's a high possibility that this is a NFP Setup We now operating as Proff_InvestsZA, which is actively throughout our social media incase you have questions you wanna ask. DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research (DYOR) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution (Proff InvestsZA) is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
by Prof_Invests_ZA
Manufacturing Data turns Manic 👹Welcome back traders to another Top-Down Analysis for Eur/Usd. We can observe an increase on EU that began on Tuesday of this week. As the week has progressed we have slowly climbed up to the next Daily Level 1.088. Better than expected numbers for EURO manufacturing data has provided a nice boost of bullish momenutm and continuation for the Eurusd to the upside. However, we've now filled the clean traffic range on the 1hr/4hr timeframes that extended from 1.080. In the coming session I am anticipating a selloff away from the Daily level 1.088. We may retest the high that we've created at 1.087 but things are looking a bit manic. Either way we must remain flexible with our bias when executing Intra-day.
Short
by ShrewdCatfx
The ECB balance sheet vs the FEDThe head of the European Central Bank #ECB Madame Lagarde claims the #ECB is at a different point in time to the Federal Reserve #FED. She claims it is premature to talk about winding down the Quantitative Easing (#QE) as the Fed has indicated a schedule to roll back liquidity. The graph indicates otherwise interestingly the EUD USD liquidity indicates the Fed continues to fund the ECB balance sheet therefore QE inflation has no end during 2022.
ECONOMICS:EUCBBSShort
by edrodven
5
EUR/USD Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook: The Eurodollar experienced a decline during this week's trading session. It crossed our Mean Support level of 1.074 and Inner Currency level of 0.075 before quickly bouncing back to the Mean Resistance level of 1.079. Currently, the currency is in a primary downward trend and is expected to continue until it reaches the Inner Currency Dip of 1.065 via Mean Sup 1.071. However, an intermediate price trading at Mean Res 1.079 may cause a potential extension to 1.084.
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook: The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner Currency Dip of 1.075 is broken. Once these levels are eliminated, the currency will continue to decline toward the next Inner Currency Dip of 1.065. However, an intermediate upward movement is possible, in which case the currency might retest the Mean Support level of 1.084.
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Feb 2, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar exhibited a high degree of fluctuation and volatility, revolving around our Mean Support level of 1.084. Despite the fluctuations, the currency failed to rise above our Mean Resistance level of 1.090 to sustain a meaningful rebound. Currently, the Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support 1.076 and the Inner Currency Dip level of 1.075 are breached. Once these levels are eliminated, the currency will continue to decline towards the next Inner Currency Dip of 1.065. However, there is a possibility of an upward movement, in which case the currency might retest the Mean Support level of 1.090 once again before continuing its downward trend. It is important to note that breaching the Mean Resistance level of 1.090 is essential for a sustained dead-cat rebound. Therefore, traders should observe these levels closely and trade accordingly to make the most of the current market situation.
by TradeSelecter
EUR/USD Displays Resilience Amidst Market FluctuationsIn a turn of events, the EUR/USD pair rebounded during the latter half of Thursday's European session, recuperating from its earlier dip to 1.0780, the lowest level since December 13. Closing on a positive note, the pair currently maintains its position above the 1.0880 area as the near-term outlook suggests a bullish trend. The intriguing dynamics in play are further heightened by the imminent release of key economic indicators, notably the Non-Farm Employment Change, Average Hourly Earnings (m/m), and the Unemployment Rate, set to unfold today. The strategic analysis points toward a potential pullback before definitively breaching the dynamic resistance of the range channel, setting the stage for a robust upward trajectory towards our target point. The US Dollar, however, found itself on shaky ground during Thursday's American session. This was attributed to declining US Treasury bond yields, spurred by lackluster employment-related data releases. Notably, Weekly Initial Jobless Claims rose to 224,000, marking the highest figure since early November. The ISM Manufacturing PMI survey further contributed to the Dollar's decline as the Employment Index dropped to 47.1 in January from 47.5 in December. As the market eagerly awaits the Nonfarm Payrolls (NFP) report, expectations are set at a forecasted rise of 180,000. During the post-meeting press conference on Wednesday, Federal Reserve Chairman Jerome Powell hinted at potential rate cuts sooner than anticipated if unexpected weakening in the labor market occurs. An NFP reading below 150,000 may reignite expectations for a rate cut in March, resulting in continued weakness for the USD against its counterparts. Conversely, a figure exceeding 200,000 could delay the policy pivot to May, potentially triggering a rebound for the USD in the American session. According to the CME FedWatch Tool, the probability of a 25 bps rate cut in March currently stands at 37.5%, while it reaches 60% for May, reflecting the market's anticipation of potential shifts in the Federal Reserve's monetary policy. Our Preference: Following the previous analysis, we have adjusted the stop loss to 1.07200. We anticipate a pullback to around 1.08500 or above, with the expectation of further upward movement.
Long
by FOREXN1
2
EURUSD,🟢Is it also bullish? (Read the caprion) Well as you can see, the market structure is bullish now and the price had a deep retracement move to the extreme bullish order block. In addition, we can see the price created the liquidity above the order block that makes the demand zone more valuable. As a bullish target, we can define the liquidity above the equal highs as a first target and also we can expect the price to break the previous high. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
EUR/USD:Analyzing Impact of FOMC Decision and Powell's RemarksEUR/USD: Analyzing the Impact of FOMC Decision and Powell's Remarks The EUR/USD experienced a notable reversal following the Federal Open Market Committee (FOMC) release, as Chairman Jerome Powell's remarks influenced market sentiment. This article delves into the aftermath of the FOMC decision, the Eurozone's recent inflation data, and the upcoming economic indicators influencing the EUR/USD outlook. FOMC Decision and Powell's Remarks: The FOMC opted to keep interest rates unchanged, aligning with widespread expectations. Powell's press conference introduced a cautious tone, emphasizing the need for "greater confidence" in inflation reaching the 2% target before considering rate cuts. While a March rate cut is not the base case, Powell's comments triggered increased demand for the US Dollar and impacted Wall Street. EUR/USD Technical Analysis: Despite the initial bearish impulse, the EUR/USD found support around the 1.08000 level. The subsequent bullish candle indicates an attempt to recover lost ground. A long-term bullish forecast is maintained on the H4 timeframe, emphasizing the potential resilience of the Euro against the US Dollar. Eurozone Inflation Data: The Eurozone's preliminary estimate of the January Harmonized Index of Consumer Prices (HICP) showed an annual rise of 2.8%, in line with expectations. The core annualized reading, although slightly easing to 3.3%, remained above the anticipated 3.2%. This data provides insights into the inflationary pressures within the Eurozone. US Economic Indicators: In the United States, the January Challenger Job Cuts revealed a significant increase, with employers announcing 82,307 cuts compared to December's 34,817. Later releases, including Initial Jobless Claims, Q4 Unit Labor Costs and Nonfarm Productivity, and the January ISM Manufacturing PMI, will be closely watched for their impact on the labor market and overall economic health. Upcoming Nonfarm Payrolls (NFP) Report: As employment-related figures take center stage, the market awaits Friday's NFP report. These indicators contribute to the broader understanding of the US labor market and could influence the trajectory of the EUR/USD pair. Conclusion: The EUR/USD's response to the FOMC decision and Powell's comments reflects the intricate dynamics between major central bank policies. With a focus on upcoming economic indicators, including the critical NFP report, traders will navigate evolving market conditions and potential shifts in the currency pair's trajectory.
Long
by FOREXN1
1
EUR/USD:A Resilient Recovery Amidst Economic Data and Market...EUR/USD:A Resilient Recovery Amidst Economic Data and Market Sentiment Shifts The EUR/USD pair demonstrated a commendable recovery, reclaiming lost ground on Monday as an improved market sentiment put pressure on the US Dollar. This resurgence was marked by a significant rejection at the 1.08000 level, coinciding with the 78.6% and 88.60% Fibonacci levels, signaling a potential shift in the prevailing bearish trend. The Stochastic RSI on the H4 timeframe contributed to this optimistic outlook by displaying a divergence. Despite mixed European data, with Germany reporting a contraction in Q4 GDP, the overall Eurozone GDP surprised on the upside, posting a 0.1% increase from the previous year. Additionally, the Economic Sentiment Indicator for January met expectations at 96.2, while Consumer Confidence contracted to -16.1 during the same month. Attention in the market is now turning towards key US data releases, with January's Consumer Confidence and JOLTS Job Openings report taking center stage. These figures are particularly relevant in the lead-up to the highly anticipated Nonfarm Payrolls (NFP) report scheduled for the following Friday. Concurrently, market participants eagerly await the Federal Reserve's monetary policy decision slated for Wednesday. As the EUR/USD pair appears to find a new bullish impulse within the confines of a bearish channel, traders are anticipating an increase in value. The short-term target for this potential bullish movement is set at 1.1000 in the coming days, pending the outcome of critical economic data releases and the Fed's policy decision. Our Idea: Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
1