EURUSD Lokking BearishExpanding upon our prior analysis, the Euro has reached the predetermined target at 1.08991 and is currently exhibiting a strong positive response within this specific zone. This observed market behavior instills confidence, and we foresee a prolonged upward trajectory in the Euro-Dollar chart in the hours ahead. This ongoing positive trend reinforces our conviction in the potential for sustained Euro strength against the Dollar.
Eurusdtrade
💡 EURUSD: Forecast January 15EURUSD still cannot escape the narrow range around the edge of the rising price channel. The bullish structure still exists and we still have long positions targeting around 1.1200. However, it should be noted that accumulation around the lower border of the price channel for too long is an unfavorable signal for sellers, especially when there has previously been a strong downward wave. You can hold the position but need to set SL below the 1.0900 zone to prevent the price from reversing and falling.
EURUSD: The USD is quiet with low trading volumeThe dollar was weak in early European trading on Monday as traders weighed the possibility of an early interest rate cut by the Federal Reserve and a U.S. holiday slowed trading volume.
At 4:35 p.m. ET (9:35 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at 102.242 as the holiday began. Martin Luther King Jr.
Data released on Friday showed the U.S. producer price index unexpectedly fell in December, increasing traders' expectations that the Federal Reserve will start cutting interest rates as early as this year.
According to the CME FedWatch tool, the market now has a 78% chance that the Fed will start cutting interest rates in March, compared to a 68% chance a week ago.
This week's US statistical calendar is quiet, with the focus on retail sales figures scheduled to be released on Wednesday. Investors will be closely watched for signs that consumer spending, a key driver of economic growth, remains resilient despite rising interest rates.
Retail sales are expected to increase by 0.4% in December, following a 0.3% increase in November.
Investors will also have the opportunity to hear from several Fed officials, including Fed President Christoper Waller, Atlanta Fed President Rafael Bostic, and San Francisco Fed President Mary Daley.
The value of the euro rose even though Germany's GDP fell
In Europe, the euro/USD pair edged up to 1.0953, even as data showed the eurozone's largest German economy contracted by 0.3% in the final quarter of the year. Last year and he will decrease by the same amount throughout 2023. But despite this weakness, recent inflation data largely confirms the European Central Bank's current thinking, meaning rate cuts are not on the table in the short term, said ECB chief economist Philippe. Lane said Friday.
Eurozone inflation rose to 2.9% in December from 2.4% in November.
EURUSD 4H : We have to wait until break one of them EURUSD
New forecast
The EUR/USD pair made an attempt to break the 1.0928 level, but was unable to hold below it yet, remaining confined between this support and the 1.0985 resistance. Therefore, we continue our neutrality until the price is able to confirm crossing one of these two levels to determine its next destination more precisely.
We point out that breaking the support and stability below it will put pressure on the price to resume negative trading and head towards 1.0892 initially, reaching 1.0808, while breaking the resistance and stability above it represents the key to resuming the bullish wave in the short term, heading towards testing the 1.1012 and 1.1082 areas initially.
The expect range trading for today it will be between the resistance line 1.0985 and support line 1.0892.
resistance line : 1.0985 , 1.1012
support line : 1.0928, 1.0892
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD Technical Analysis and Trade IdeaIn this video we take a close look at the EURUSD currency pair. We can see that this has been bullish on the higher time frame. We can see that it has traded into resistance, has also been range-bound since Friday and we are looking for a potential trade opportunity if market conditions are favourable. In the video we discuss price action, market structure, the trend and other important aspects of technical analysis. As always this information is for educational purposes only and not to be construed as financial advice.
💡 EURUSD: Forecast January 12EURUSD's price action did not change much, yesterday's price dropped sharply in the European session and turned up in the US session. Basically, the price action of the H4 frame does not have much impact, so our trading strategy remains unchanged. Continue to observe the resistance area around 1.1020. If the price approaches this area and forms a sell signal, you can consider trading.
Where and when to sell!Hello👋 Traders,
For the past 2 weeks, EURUSD has been slow but still moving in an uptrend.
After the buy-side was taken out and a break in market structure formed, The price should head above the equal highs to get a sell at the safest spot.
Tip; Be a seller above equal highs at a premium
EURUSD → Short to 1.06? Or Will we Break Resistance to Long?EURUSD was rejected twice at the Resistance Zone and ended last week with another leg up. Should we short here?
How do we trade this? 🤔
We had a decent entry last week, but that ended with a surprise leg up into the Resistance Zone. We now have a sell signal at the top of the zone, but need to wait for a strong bear bar closing on or near its low below the Resistance Zone around the 1.10 area. Stop loss should be placed above the Resistance Zone and set a take profit around 1:2 Risk/Reward at 1.065. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the remainder of your position.
💡 Trade Ideas 💡
Short Entry: 1.09835
🟥 Stop Loss: $1.1150
✅ Take Profit: 1.06500
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Contact with Resistance Zone and Two Bear Bars
2. Look for Follow-Through and a close below Resistance Zone.
3. 1:2 Risk/Reward Ratio, Watch Out for Support at EMA Ribbons.
4. RSI at 60.00 and above Moving Average, Needs to Fall Below.
5. Also Reasonable to Scalp 1:1 and Move Stop Up to Entry.
💰 Trading Tip 💰
All trades carry a probability value based on statistical data of the price action. If the market exceeds 60% probability in a direction, it's reasonable to take the trade assuming your Risk/Reward and Probability are positive.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
EURUSD: Swing Sell Coming in| have a patience for it to happen|FX:EURUSD overall EU remain bearish after it rejected at previous high, EURO failed to gain control even after DXY plummeted, looking at the chart in 2 hour time frame, we expected price to rise up to fill the liquidity void and in that area we think there is huge amount of interest from sellers side.
what do you think of EURUSD do you think it will drop? Please like and comment your views let's discuss different bias.
❓EU:wait more confirmation and development. Overall bullish now❓Since the last outlook, we saw some bullish development on EU. However the price delivery was not very clear, so I stayed out of this market.
Current update is in the chart and please feel free to send your questions below.
☝️Dear traders, no one here has superpowers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌
EURUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023 Market Update: A Shift in EUR/USD Sentiment
As anticipated, we witnessed a small pullback in EUR/USD, hinting at a bearish trend resumption. However, the market structure has taken an unexpected turn. Heading into next week, I'll be shifting my focus towards long positions. Stay flexible, adapt to changing conditions, and, as always, manage risk diligently. 🚀💹 #EURUSD #Forex #TradingView #TradingStrategy
THIS IS THE SAME FOR ALL THE OTHER MAJOR PAIRS
💡 EURUSD: Forecast January 10EURUSD continues to fluctuate in a narrow range, there have been no significant new moves, you continue to observe the two edges of the range, the direction of the breakout can determine the next direction of the price. Currently, we still have long positions following the uptrend. You can continue to hold the order, the SL is placed below the channel line and the price target is around 1.12.
EURUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY 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💰
EURUSD 4 hour timeframeEurusd Inside channel up pattern, and already touch fibonacci support.
to follow bullish movement, we can buy right now, or wait for small pullback at channel up support.
Target for this setup at channel up resistance, around fibonacci 1.272 at 1.12108 with maximum target at fibonacci 1.618 at 1.13031
Best stoploss for this setup are below prevous lower high or below fibonacci 0.618 at 1.08517
Good luck
EURUSD 11/01Pair : EURUSD ( Euro / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves at Previous Strong Resistance and making its " A - wxy " Corrective Wave. Bullish Channel as an Corrective Pattern in Long Time Frame and Consolidation Phase in Short Time Frame , Wait for the Breakout and Retracement
EURUSD Technical Analysis and Trade IdeaWe can see that the EURUSD has traded into a strong resistance level after a bullish rally. In the video we take a quick look at the trend, market structure, price action and we discuss a possible trade idea. As always this is not to be construed as financial advice.
EURUSD: The ECB's Villeroy said the rate cuts hinged on stable 2European Central Bank (ECB) board member François Villeroy de Galhaud has made it clear that the possibility of a rate cut by the ECB depends on whether inflation expectations are firmly anchored at target levels. Use the bank's 2%. In his recent statement, Villeroy emphasized the importance of a data-driven approach to policy-making and signaled a move away from predetermined data-based policies.
Villeroy's comments came at a time when some investors were expecting a rate cut as early as March or April. However, the central bank took a more cautious stance, saying it should not be in a hurry to cut interest rates. This cautious stance is in line with the ECB's broader strategy to contain inflation without hurting economic growth.
The recent rise in inflation to 2.9% in December was due to technical factors such as the base effect from previous energy prices, which had a large impact on inflation. General distribution. It is important to note that the ECB's current deposit rate is 4%, and this level is already part of the ECB's toolkit for dealing with inflationary pressures.
Villeroy's emphasis on stable inflation expectations is an important indicator of the ECB's commitment to its price stability mandate. Given the latest inflation data, the ECB appears to be maintaining a cautious and reactive approach to monetary policy in the face of economic uncertainty.