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Eurusdprediction

EURUSD: The ECB's policy decision is the highlight of today's ec The dollar rose slightly early in the day after being mixed in yesterday's trading. Rising Treasury yields of late have supported the greenback. US stocks also saw late declines, although technology stocks again outperformed as the Nasdaq index closed up 0.4%. The S&P 500 managed to rise 0.1% while the Dow closed down 0.3%. US futures are currently flat. In the bond market, the 10-year bond yield in the US decreased 2 basis points to 4.158%. ECB President Lagarde will continue to speak based on the data but traders will keep an eye out for any unexpected comments from her. The market prices the ECB's ability to cut interest rates in April at 72% and expects 127 basis points of interest rate cuts this year.
Long
by Chart_MasterPro
💡 EURUSD: Forecast January 23ANALYSIS TODAY: EURUSD slipped slightly in the past session and there have been no significant new signals, the price is still maintained below the short-term downtrend line, and the recent accumulation moves of the price reflect that sellers may are accumulating and waiting for a new price push so the outlook is still bearish. Please pay attention to the support level at 1,085. If it is broken, the downward momentum could quickly expand to the 1,070-75 area. If you still have a short position, you can continue to hold the order. Indicator is used: - Chandelier Exit - EMA - MACD
Short
by Stone_Haven
EURUSD BUY EURUSD is showing signs of a rebound from the higher low area of the uptrend line in the 4-hour timeframe chart. 📉 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: If the trade does NOT surpass our entry level (GREEN LINE ON THE CHART), Do not enter the trade. 2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert. 4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Long
by Pro-Trading-Africa
EUR/USD Struggles for Direction Amid ECB Rate Cut UncertaintyEUR/USD Struggles for Direction Amid ECB Rate Cut Uncertainty The EUR/USD pair finds itself in a tight trading range below the 1.0900 and 1.08500 levels during the European session on Wednesday. Traders appear cautious, refraining from making aggressive directional moves as uncertainty looms over the potential timing of an interest rate cut by the European Central Bank (ECB). ECB Rate Cut Speculations: The first ECB policy rate cut is anticipated in April, with markets pricing in a total reduction of 135 basis points (bps) by the end of 2024. However, ECB President Christine Lagarde's recent signal that borrowing costs may only start decreasing in the summer, contingent on supportive economic data, has left traders in a wait-and-see mode. The focus now shifts to the upcoming ECB monetary policy meeting on Thursday, seen as a pivotal event that could significantly impact the EUR/USD pair. Event and Data Risks: This week brings forth critical event and data risks, with preliminary estimates of the January Purchasing Manager Indexes (PMIs) set for release on Wednesday. These indicators will provide insights into the economic activity within the Eurozone and potentially influence the market sentiment. However, the real highlight of the week remains the ECB meeting on Thursday, where market participants anticipate clarity on the central bank's stance regarding interest rates and monetary policy. OCBC Bank's Analysis: Economists at OCBC Bank are closely analyzing the outlook for the EUR/USD pair. They suggest that an improvement in the PMI print could act as a catalyst, giving the Euro a renewed boost. Positive economic data may sway sentiment in favor of the Euro, offering traders additional insights as they position themselves in the market. Technical Perspective: From a technical standpoint, the EUR/USD maintains a bullish bias in higher timeframes. The current retracement, hovering around the 1.08500 area and in confluence with the Dynamic trendline, the 61.8%, and 78.6% Fibonacci zones, presents an interesting zone for potential buyers looking for discounted prices. This area could serve as a launching pad for a new bullish impulse, with the target set around the 1.1000 level. Conclusion: The EUR/USD pair faces a challenging environment as traders navigate uncertainty surrounding potential ECB rate cuts. With the focus on the ECB meeting and key economic indicators, market participants are adopting a cautious approach. The technical analysis suggests a bullish outlook, with the retracement presenting an opportunity for buyers to enter at a discount. However, the true catalyst for a sustained move may come from the ECB meeting and positive PMI prints, providing clarity and direction for the EUR/USD pair in the coming sessions. Traders are advised to stay vigilant and adapt their strategies accordingly in response to unfolding events and data releases. Our preference Long positions above 1.07700 with targets at 1.1000 & 1.1150 in extension.
Long
by FOREXN1
1
💡 EURUSD: Forecast January 22ANALYSIS TODAY: After consecutive bullish reversal signals including the spinning top and pin bar pattern, the price has recovered slightly in the past session, however it has not yet broken the short-term downtrend line and has not created a new high, so The situation has not yet changed significantly. You continue to be wary of the possibility of a bullish reversal. If you still have a short position, you need to maintain the SL above 1.09. Indicator is used: - Chandelier Exit - EMA - MACD
Long
by Stone_Haven
EUR/USD Awaits ECB Meeting Amidst Shifting Market DynamicsEUR/USD Awaits ECB Meeting Amidst Shifting Market Dynamics The EUR/USD pair is registering modest gains, hovering near the 1.0900 area in the early European trading session on Monday. All eyes are on the European Central Bank's (ECB) upcoming January monetary policy meeting, scheduled for Thursday. As of the latest update, EUR/USD is trading at 1.0897, reflecting a 0.03% increase for the day. Technical Analysis: From a technical standpoint, the price experienced a rebound around the 1.08500 support area, coinciding with the 61.8% Fibonacci level and the Dynamic trendline. These factors contribute to the pair's attempt to gather new bullish momentum for a sustained upward movement. Shifting Market Sentiment: Market sentiment has witnessed a shift as doubts grow regarding the likelihood of a Federal Reserve (Fed) interest rate cut in March. Last week's positive US economic data, including Retail Sales and the Consumer Sentiment Index, have contributed to this change. According to the CME FedWatch Tool, the probability of a rate cut in March has decreased to 49.3%, down from 81% just a week ago. ECB's Cautious Stance: In contrast, the European Central Bank (ECB) Governing Council members are exercising caution against prematurely easing financial conditions. The January policy meeting on Thursday is not expected to bring any policy changes. Traders will be keenly watching ECB President Christine Lagarde's post-meeting speech for indications on potential rate cuts this year. Investors anticipate a gradual approach by the ECB, with interest rate cuts likely in the spring, driven by sustained progress towards the 2% inflation target. Upcoming Events: The ECB's monetary policy decision is scheduled for Thursday, and no policy changes are anticipated. Additionally, Thursday will see the release of the US preliminary Gross Domestic Product Annualized (Q4). On Friday, the Commerce Department will unveil the December reading on the Personal Consumption Expenditures Price Index (PCE), a key inflation gauge for the Fed. Conclusion: As the EUR/USD pair maintains a bullish stance, the spotlight is on the ECB meeting and evolving market dynamics. Technical indicators suggest a potential upside, but external factors, including the Fed's stance and US economic data, contribute to the complex currency landscape. Traders should stay attentive to central bank communications and economic releases for a comprehensive understanding of the pair's future movements. Our preference Long positions above 1.07700 with targets at 1.10170 & 1.1140 in extension.
Long
by FOREXN1
1
EURUSD: Euro outlook next weekNext week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly. This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024. Next Thursday's ECB Governing Council meeting is likely to be too early for ECB President Christine Lagarde to start setting a concrete schedule for interest rates, and markets will wait until the next Governing Council meeting on May 7 for more information. would have to. Next week will see the release of the German and European PMI reports, the IFO annual report and the German Consumer Confidence Index. This data should be closely monitored as the German economy remains weak. EUR/USD broke out of a channel pattern on Tuesday and is currently trading below the 200-day SMA of 1.0850. The current support level for this pair is 1.0787, but resistance areas at 1.0950 and 1.1000 are also observed.
Long
by Chart_MasterPro
💡 EURUSD: Analysis January 19Indicator is used: - Chandelier Exit - EMA - MACD Re-tested the 1.09 conversion resistance zone in the last session, but the selling force returned and prevented the price from rising above this level. However, observing on a daily basis we see a spindle - credit model. Potential reversal signal. Therefore, you need to be wary of the possibility of a price reversal to the upside. You can hold short positions according to the previous breakdown signal but the SL needs to be placed above the 1.09 resistance level.
Short
by Stone_Haven
EURUSD Shorts from 1.09400 down towards 1.08000EU is currently exhibiting a similar pattern to other pairs, and my current stance for this currency pair is bearish. I'm patiently waiting for the 12hr supply zone to be mitigated, considering it as the nearest opportunity of interest for me. This aligns with the overall higher time frame trend, which is bearish. Upon the mitigation of this zone, my plan involves waiting for a Wyckoff distribution to unfold within the specified area. Ideally, I will be looking for the Asian high within the zone to be swept. Following this occurrence, I will then be looking for selling opportunities back down to address the imbalances left below. Confluences for EU sells are as follows: - 12hr Supply zone caused a BOS to the downside on the higher time frame - Imbalances and liquidity below that needs to get taken as well as a demand zone that needs mitigating. - Overall trend of the market is bearish on the higher time frame. - We are currently witnessing a pullback and I'm looking for my POI to continue this trend. P.S. While I maintain a bearish outlook, I acknowledge the presence of equal highs above my zone, which could potentially lead to a break beyond my supply. In such a scenario, I recognize that price might aim for higher levels to enter a more premium area. HAVE A GREAT TRADING WEEK AHEAD!
Short
by Hassan_fx
EUR/USD: Technical Analysis and ECB Policy DivergenceEUR/USD: Technical Analysis and ECB Policy Divergence The EUR/USD pair finds itself within a range, delicately poised for potential movements as it hovers around the dynamic bullish trendline near the 61.8% Fibonacci zone. Additionally, the rejection of the 200-day moving average suggests the possibility of an impending bullish impulse aligning with the prevailing trend. This article explores both the technical and fundamental factors influencing the EUR/USD and delves into the nuanced stance of the European Central Bank (ECB) policymakers. Technical Analysis: The EUR/USD's current position within a range offers traders a strategic vantage point. The rebound from the dynamic bullish trendline around the 61.8% Fibonacci zone, coupled with the rejection of the 200-day moving average, indicates potential strength in the euro. These technical signals hint at the prospect of a fresh bullish impulse, aligning with the prevailing uptrend. Fundamental Insights: The ECB's policymakers are currently at a crossroads, making it challenging for traders to ascertain the future direction of interest rates. The lack of a clear message from ECB officials has resulted in hesitation among traders. President Joachim Nagel emphasized on Monday that it is premature for the ECB to discuss cutting interest rates, citing persistent inflationary pressures. In contrast, Governing Council Member Tuomas Valimaki expressed openness to considering rate cuts sooner than some of his colleagues. ECB President Christine Lagarde added an additional layer of complexity by neither confirming nor denying expectations for cumulative rate cuts exceeding 150 basis points this year. Lagarde, while acknowledging the Eurozone's rising inflation, cautioned against premature optimism in the markets, citing the 2.9% year-on-year inflation rate in December. Position Outlook: Despite the policy divergence within the ECB, our position on the EUR/USD pair remains bullish. The technical signals, including the rebound from the bullish trendline and rejection of the 200-day moving average, align with our optimistic outlook. Traders should continue to monitor both technical and fundamental factors closely, navigating the intricacies of the forex market with a nuanced approach to risk management. As the EUR/USD pair continues its journey within the range, staying informed about both technical patterns and central bank policies is crucial. Our bullish stance is rooted in the technical signals, but traders are advised to stay vigilant in response to evolving market conditions and policy developments. Our preference Long positions above 1.07700 with targets at 1.10170 & 1.1140 in extension.
Long
by FOREXN1
5