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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: 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
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 Day Analysis | Sell SetupHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
EURUSD: EUR/USD broke through an important technical milestone iThe dollar remains generally in good shape. EUR/USD tested the 200-day moving average during yesterday's trading session before rising to the 1.0890 level. Looking at the short-term trend, sellers are in control with prices still not coming close to testing the 100 hour moving average at 1.0916. The downtrend will still be maintained for now. As rising Treasury yields help strengthen the dollar, the euro is also receiving support from the ECB's outlook review. Going into this year, traders were convinced of the first rate cut in April but that possibility is now being priced at approximately 90%. This comes after opposition from ECB policymakers. That means that while April is still on the table, it is likely that June or July would be a more reasonable option to satisfy the central bank's board of governors. Therefore, if traders lower their pricing on an interest rate cut in April, it will support the Euro at a balanced level. Currently, sellers are still willing to try to maintain the bearish trend.
Short
by Chart_MasterPro
Retail Data Shaping EUR/USD Fundamental Analysis: 1. US Retail Sales Increase: Recent data shows a 0.6% increase in retail sales in December, marking the strongest pace in three months. This indicates a solid holiday season and a resilient consumer attitude in the US, which could be a positive indicator for the US dollar (USD). 2. Consumer Resilience and Economic Outlook: Despite predictions of a recession, household spending has been surprisingly strong over the past year. However, this momentum is expected to slow down in 2024 due to persistent inflation, high borrowing costs, and diminishing savings. This could limit the strengthening of the USD. 3. Market Reaction: The immediate market response to the data was a drop in US Treasuries and stocks, suggesting a scaling back of expectations for Federal Reserve rate cuts. This generally would favor the dollar. 4. State of the US Economy: Manufacturing output showed minimal growth, indicating weakness in that sector. Technical Analysis: 1. Monthly Time Frame: EUR/USD has rejected a key resistance, suggesting a possible bearish reversal. 2. Weekly Time Frame: The pair is in an upward trend and is at a significant support, which could indicate a bounce. 3. Daily Time Frame: There is an overextension of the price, suggesting a bearish correction towards 1.0800 4. 4-Hour Time Frame: A shift towards an upward trend is observed, confirming the possibility of a correction. Conclusion and Strategy: - Short-Term Outlook: The current strength of the dollar, supported by solid retail sales, could keep EUR/USD under pressure. However, the overextension and upward trend in shorter time frames suggest an imminent correction. - Medium-Term Outlook: The expectation of an economic slowdown in the US in 2024 and potential weakness in the manufacturing sector could limit the long-term strengthening of the dollar.
Long
by Wiiso
1
EURUSD Seasonal & Technical Analysis: In this comprehensive video analysis, we delve into the technical indicators and historical patterns of the EURUSD currency pair, aiming to provide valuable insights for traders and investors. Our analysis strongly suggests the continuation of bearish momentum for EURUSD. Starting with the weekly and daily time frames, we identify prominent head and shoulder patterns that are indicative of a potential downturn in the market. These patterns often serve as reliable signals for trend reversals, and their presence across multiple time frames enhances their significance. Furthermore, our analysis extends to the seasonal aspect, where a decade-long examination reveals a compelling trend. Over the past 10 years, a remarkable 80% of the time between January 17th and March 1st has seen bearish movements in the EURUSD. This historical trend strengthens the argument for a continued bearish trajectory in the upcoming weeks. Whether you're a seasoned trader or someone looking to understand the dynamics of the currency markets, this video analysis provides a comprehensive overview of the technical factors and historical trends supporting the belief that EURUSD is poised for a sustained bearish phase. Stay informed and make well-informed decisions by tuning in to this in-depth analysis.
Short
by ManilaFXTrading
💡 EURUSD: Forecast January 16EURUSD continues to fluctuate in a narrow range, not creating new notable signals. However, the fact that the price has accumulated for too long around the lower border of the rising channel combined with the previous strong falling wave shows that the risk of breakdown is increasing. Bulls need to keep SL below 1.09 for existing long positions, guarding against the possibility of a price decline. If this happens, the short-term target for bears is around 1.075.
Long
by Stone_Haven