EURUSD: Buy at low levels today
This is the 30-minute chart of EURUSD, where I've marked the resistance zone and strong resistance level, as well as the entry points. The overall trend today is bullish, with the first step being to see if the resistance zone can be broken. If it can, we'll look to the strong resistance level for our next target. If it can't be broken, we can enter a short position after taking profits on our long position, with the profit target near 1.053-1.045.
Today is Thursday, and I don't expect the market to have too much volatility, especially since there will be a highly influential non-farm payroll report tomorrow. The market should maintain minor fluctuations as it awaits the release of this data.
Of course, we can't rule out the possibility of the market moving in anticipation. If the non-USD market surges ahead of the report and the data is unfavorable for the USD, the non-USD market will probably continue to rise, but the amplitude won't be too large. Conversely, if the USD is bearish and the non-USD market surges ahead of the report, it will likely experience a significant drop after the data is released.
I'll provide a more detailed analysis based on the market trends before the release of tomorrow's data. Today's trading should focus on buying at low levels.
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Eurshort
The EUR/USD is expected to experience a short-term decline.
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The fluctuation in the U.S. dollar index is actually quite normal, as the market needs this kind of fluctuation and requires a certain buffer. The market trend cannot rise directly and then plummet directly, as this will cause the market to collapse, especially since it is not a crisis stage now. Therefore, the current market does not have such a complex environment, causing the expected fluctuations and small oscillations that consume time, providing an opportunity for market adjustments.
In the face of this kind of fluctuation, the most appropriate operation is to buy low and sell high. However, this kind of pause state will not last too long because the important data - the announcement of the US non-farm payroll data for February - brought surprises and even shocks last month, and how will it perform tomorrow? It is certain that the announced non-farm data will attract the market's key attention and may even cause a chain reaction in the market, which is a well-known situation. Therefore, the market focus has been locked in advance, and today has naturally become a kind of rest before the important market trends, which can be considered the calm before the storm. Therefore, the possibility of fluctuation in today's market is very high, and the market trend will be relatively simple.
In summary, in the corresponding European and American currencies, it is possible to seize opportunities to sell short at high levels. Based on the market situation, the following suggestions are given for reference, subject to discretion:
Light position: Short at 1.0580, stop loss at 20 points, target at 1.0550 and 1.0530.
OANDA:EURUSD FOREXCOM:EURUSD
EUR/USD: Short at 1.0570-1.0580 Range
Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple.
In the face of this volatility, the most suitable operation for EUR/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given:
Short at the range of 1.0570-1.0580, with targets at 1.0550, 1.0530, and 1.0510, and stop loss to be determined based on individual circumstances.
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
EUR/USD:Has EUR/USD started to stop the decline and rebound?Fundamentally, the market believes that the probability of the ECB's terminal interest rate of 4.25% this year is 65%, while last week's terminal interest rate was only 4.00%.The European Central Bank's hawkish bets may help the euro limit its losses in the short term.
On the technical side, EUR/USD has rebounded since hitting a low near 1.0530 last week. It has now crossed above the short-term moving average, and technical indicators have also shown signs of a low turning point, indicating that there are some buying orders in this position.However, at present, EUR/USD is still subject to the resistance of the previous support level of 1.058. If this position can be broken through, buyers may show interest, so that the rebound and upward trend can continue, and EUR/USD may expand the rebound to the 1.063 position; according to the current market, the 1.053 position seems to have formed support, and the market will definitely be tested repeatedly in the future. If repeated tests determine that the support is effective, EUR/USD is expected to form a structural arc bottom, which is conducive to the rebound of EUR/USD and constitutes a new round of upward channels.
If you encounter resistance in the 1.058-1.063 area during the rebound process, you may continue to test the effectiveness of the support at the 1.053 position. Once the support is shown to be invalid, beware of the risk of a downward trend in the EUR/USD market.
Overall, EUR/USD is safe, try to short as high as possible, and it can be shorted at the position of 1.063.
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FX:EURUSD OANDA:EURUSD PEPPERSTONE:US500
EUR/USD: High position short
Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market will return to its original rhythm.
As for the operation of the US dollar index, the short-term level is still judged as looking for opportunities to buy on dips. Correspondingly, for the EUR/USD currency pair, it is recommended to short at the high point and combined with
market analysis, the following suggestion is given:
Short position recommended in the range of 1.0640-1.0660, with targets at 1.0620, 1.0600 and 1.0580.
FX:EURUSD TVC:DXY FX:AUDUSD FX:USDJPY
EUR/USD: Sell on Highs
Yesterday, X made it clear that the impact of news is only short-term, and once the energy is depleted, it will return to its original pace. So far, this view is correct. The current market trajectory has begun to gradually recover, which will also help predict future trends.
Since the market has gradually started to recover and entered the original operating rhythm, the trend of the US dollar index will also be relatively easier, after all, the overall direction is still bullish, while EUR/USD is bearish.
In summary, it is recommended to sell on highs for EUR/USD today, combined with the market conditions and the following suggestions:
Short at the range of 1.0660-1.0670, with a stop loss of 20 and targets at 1.0640, 1.0620, and 1.0600.
FX:EURUSD
EURUSD WILL FALL BACK TO 1.050 THIS WEEKTHE EURUSD may make a correction up to the area around 1.060 or even a little bit above that. but the overall trend is down so the price will fall this week to the price area around 1.050 or even lower!
that's what I believe! what about you guys? what do you think ??
do you agree or not ??
EUR/USD: PCE surprises higher, go short!
Euro/US Dollar.
Today the overall trend for the US Dollar Index is bullish, corresponding to the Euro-American currency, it is recommended to short at high levels. Based on the market conditions, the following suggestions are given:
Short at the 1.0560-1.0570 range, with a stop loss of 20 points, and targets of 1.0540, 1.0520, and 1.0500.
Here is the analysis:
Last Friday, the US released the January PCE price index data, in which the year-on-year PCE price index in January was higher than the previous value and the estimated value, and the core PCE price index was also higher than the previous value and the estimated value.
This indicates that domestic inflation in the United States rebounded significantly in January, causing the PCE index to rise. Not only the ordinary annual rate and monthly rate increased, but also the core annual rate and monthly rate increased. This phenomenon is very abnormal. Although the Fed has been continuously raising interest rates and interest rates have been rising, this tightening policy will undoubtedly damage the economy. However, in order to control inflation, the Fed can't do much, so they can only raise interest rates quickly.
Affected by this, the US Dollar Index has been continuously rising recently, and the trend in the near future has basically been determined to be in the direction of an uptrend. In terms of operation, the short-term trend is mainly bullish on the US dollar, so we should buy the US Dollar Index at low levels and short non-US currencies at high levels. This is the main operating strategy for today, for reference!
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FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
EUR looking sh** tbh, not the best Xmas coming for Euro ZoneHey guys, will start posting again, generally my two cents on EUR/USD it is not really looking good now, looks like we are going to go down and generally looking at the way everything is going S&P500 is also going down so, maybe a short trade here or just move your money away from EUR for now, but let's see.
Solid Pin bar - Short the Euro Pin bar rejection indicates a change of direction back into the long term down trend I forecast some years ago, see ideas below. A lower risk trade would be to wait for a 50% retarcement of the Pin with the stops just above the pin bar. Negative news out of the USA is going to increase rates (and 10year yields) which is going to support the DXY bulls and therefore send the USD back to the highs.
We're still in a downtrend on the USD, but are we oversold or is there a long way to fall?