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EURUSD analysis after positive Nonfarm data📌EUR/USD plummets to weekly lows near 1.0800 following US jobs data. EUR/USD is under heavy pressure and trades at a one-week low near 1.0800. The US dollar continued to gain strength following upbeat jobs data, which showed Nonfarm Payrolls increased by 272,000 in May and put pressure on the pair. 📌Markets are focused on the European Parliament Elections, today. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌After breaking through the trendline and the important support zone at 1.08350, gold approached the stronger support level of 1.079. From there a small trading price margin is formed. The recovery next week of EURUSD is insignificant with the highest level being the Break out price range around 1.08600. The pair's decline is favored with a record hit of the 1.07300 support zone possible. Resistance: 1,083-1,086 Support: 1,079-1,073 BUY EURUSD zone 1.073-1.072 SL 1.070 SELL EURUSD zone 1.086-1.088 SL 1.090
by TVS-Trader
EURUSD is Ready to Fall===>>RR=2.20EURUSD is moving in the Resistance zone($1.092-$1.087) . According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal . I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
EURUSD: Bearish Butterfly Pattern Signals ReversalThe EURUSD pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), a classic reversal structure frequently observed in technical analysis. The Butterfly Pattern suggests that the current bullish momentum may soon exhaust, giving way to a potential bearish trend. Potential Reversal Zone (PRZ): Point D, at the completion of the Butterfly pattern, is identified as a Potential Reversal Zone (PRZ). This zone is critically important for several reasons: Key Resistance Area: The PRZ aligns with a significant resistance level, historically indicating strong selling pressure. 4-Hour Trend Line: The zone coincides with a downward sloping trend line on the 4-hour chart, reinforcing the bearish outlook. 61.8% Fibonacci Retracement: The PRZ is also at the 61.8% Fibonacci retracement level of the preceding move, adding another layer of confluence to our bearish bias. Entry and Risk Management: Given the confluence of technical indicators at the PRZ, we anticipate a trend reversal to bearish from Point D. Our proposed trading strategy is as follows: Entry Point: 1.08865 Stop Loss: 1.09030 The stop loss is strategically placed above the PRZ to protect against potential false breakouts and limit downside risk. Take Profit Levels: To effectively manage our positions and lock in profits, we have set multiple take profit levels: TP-1: 1.08700 TP-2: 1.08535 TP-3: 1.08370 These targets are derived from previous support levels and the harmonic pattern projections. Conclusion: The confluence of the Bearish Butterfly pattern, key resistance, trend line, and Fibonacci level significantly strengthens the bearish case for EURUSD at Point D. By entering the market at 1.08865 with a stop loss at 1.09030, and targeting the specified take profit levels, traders can capitalize on the anticipated bearish reversal while maintaining disciplined risk management.
Short
by trading_jupiter
EUR/USD Analysis Amid Geopolitical TensionsThe exchange rate between the Euro (EUR) and the US Dollar (USD), known as EUR/USD, is a key player in global finance. Lately, it's not just economic ups and downs that are calling the shots, but also rising political conflicts around the world. One hot spot to watch is Israel, where the potential release of sensitive information could cause ripples across Europe and impact the EUR/USD rate. Geopolitical Tensions and Market Reactions Background Context In response to the Hague Tribunal's demand for war crimes information, Israel has hinted at releasing a highly sensitive and potentially explosive video. This footage, allegedly compiled by the Israeli National Security Agency (NSA) from Hamas body cameras, contains graphic atrocities from the October 7th incident. The content is so disturbing that its release could incite widespread unrest, particularly in Europe, where issues with radical Islamic cells and terrorism are already prevalent. Potential Impact on Europe Europe, with its diverse population including significant Muslim communities, has long been a focal point for discussions on integration, radicalization, and security. The release of such a video could exacerbate existing tensions, potentially leading to civil unrest or even conflict. The implications of such an event would be profound, affecting not only the social fabric of Europe but also its political and economic stability. Europe's Future: Insights from Israel's Video Teasers Israel has chosen not to release the video or any parts of it. However, they have now decided to share limited teasers of the video with European countries to give them an idea of what to expect. The message suggests that there is a religious war on the horizon, and Europe's silence on Islamic matters is seen as a dangerous mistake. It emphasizes that a religious war is inevitable and already underway, and it warns that the consequences will be significant, affecting the geography, politics, and demographics of Europe. Economic Implications For the EUR/USD currency pair, these geopolitical tensions could translate into significant volatility. The euro might face downward pressure due to increased political risk and potential instability within the Eurozone. Investors typically seek safer assets in times of geopolitical uncertainty, which could bolster the U.S. dollar's strength against the euro. Key Factors to Watch ECB Policies and Economic Data Amidst these geopolitical concerns, it is crucial to monitor the European Central Bank's (ECB) policies and economic indicators. Inflation rates, GDP growth, and unemployment figures will continue to play significant roles in determining the euro's value. Any signs of economic slowdown or policy shifts in response to rising geopolitical tensions could further impact the EUR/USD pair. Federal Reserve Decisions On the other side of the Atlantic, the U.S. Federal Reserve's monetary policy decisions remain a critical factor. With the U.S. economy showing resilience, any hawkish signals from the Fed could strengthen the dollar. Conversely, dovish policies or signs of economic weakness could provide some relief to the euro. Safe-Haven Flows During times of increased uncertainty, currencies such as the U.S. dollar and Swiss franc, known as safe-haven currencies, tend to increase in value. Investors may choose to move their investments out of riskier assets, such as the euro, and into the perceived safety of the dollar. This movement to safety could cause a further decrease in the EUR/USD exchange rate. Strategic Considerations Hedging Against Risk For investors and businesses with exposure to the EUR/USD pair, hedging strategies become essential. Options, futures, and other derivative instruments can provide a buffer against unexpected currency fluctuations due to geopolitical events. Diversification Diversifying investments across various currencies and asset classes can help reduce risks. Spreading out investments can provide better protection against geopolitical uncertainties. Monitoring News and Updates Staying informed about geopolitical developments, economic data releases, and central bank announcements is crucial. Real-time news feeds and analysis can help traders and investors make more informed decisions. Conclusion The EUR/USD currency pair is currently facing challenges arising from economic fundamentals and escalating geopolitical tensions. There is a possibility of Israel releasing sensitive footage, which could have significant implications for Europe. This may impact not only the social and political landscape but also economic stability in the region. Therefore, market participants should remain vigilant, use strong risk management strategies, and be prepared for increased volatility in the currency markets.
Short
by signalmastermind
EURUSD analysis 06/05/2024EUR/USD steadies below 1.0900 ahead of key US dataEUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Fed rate cut bets keep US bond yields lower, limiting the pair's downside. Key US data on Wednesday could provide some impetus ahead of the ECB on Thursday. The pair is approaching the lower trendline of the uptrend and is being supported by the EMA34 and EMA 89. In case the news is positive for the USD, it is possible that EURUSD will break the trendline and two EMA line to approach the 1.08300 support zone. The old peak at 1.9100 will be the first resistance area that the pair encounters when the price is pushed up from the current support area. With the negative release news for USD the highest level EURUSD reached today was 1.09700. BUY zone 1.08300 SL 1.08000 SELL zone 1.09100 SL 1.09400 SELL zone 1.09700 SL 1.10000
by TVS-Trader
EURUSD Technical Analysis and Trade IdeaDuring a recent rally, the EURUSD exhibited notable bullish momentum. In our video analysis, we explore potential long positions, contingent upon price aligning with our entry criteria. Examining the 4-hour chart, we observe a previous bearish trend that has been interrupted by a bullish market structure breakout. While my bias leans toward a long position, it remains contingent on price action developments outlined in the video. Disclaimer: This content does not constitute financial advice.
Long
by fxtraderanthony
2
EURUSD: expected to have a downward adjustmentEURUSD: This currency pair in today's session is expected to have a downward adjustment in the context that the ECB will announce that EUR interest rates today are expected to decrease, so it is possible that EURUSD will re-examine the 1.0800 support area first. when the outlook increases again. However, observing on technical factors, the uptrend is still the dominant trend. You can consider waiting to buy with EURUSD today around the support area of ​​1.0800
Short
by Chart_MasterPro
EURUSD accumulates with upside amid negative backdrop for USDEURUSD: The EUR yesterday adjusted slightly, then increased again in the early morning session this morning. On the H4 frame, it can be seen that the uptrend has returned to dominate before, however in today's session it is expected that the market will largely still accumulate with the advantage of increasing points in the context of quite a lot of negative information for the USD and the market. The school is waiting for nonfarm news this weekend. Therefore, you can consider buying EURUSD in today's session. Recommended to buy around 1.0860
by Chart_MasterPro
EURUSD BUY | Idea Trading AnalysisEURUSD is moving in an UPWARD channel. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
3
EURUSD - Long from bullish order block !!Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental news: This week on Thursday we will see results of Interest Rate in Europe and on Friday we have NFP day. News with high impact on EUR and USD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EurUsd - Lower, 1.000 pips lowerHello Traders and Investors, today I will take a look at EurUsd . -------- Explanation of my video analysis: EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries. -------- Keep your long term vision, Philip (BasicTrading)
Short
by basictradingtv
5