PRE CPI Trade Idea / 13th Feb 2024 - CPI session.
- I have no bias for this session due to CPI.
- I expect to see a bearish session targeting Asia’s RELs and PDL.
- PWL and equilibrium of the monthly FVG would be my perfect target.
Eurusdtradeidea
EURUSD: The USD remained stable as the market waited for US inflThe US dollar remained steady on Monday, with limited trading activity due to the holiday in major markets in Asia. Investors are awaiting the release of US inflation data, which is expected to play a key role in shaping the Federal Reserve's interest rate decisions. Upcoming US Consumer Price Index (CPI) data for January, scheduled for release on Tuesday, is in particular focus as it could provide insight into when the Fed may consider cutting interest rate.
In currency developments, the euro fell slightly to $1.0778, falling back from a 10-day peak reached early in the trading session. This follows a modest rebound last week following a period of contraction throughout 2024. Fourth-quarter euro zone economic growth data, due on Wednesday, is expected to provide provide additional signals for the direction of the currency.
EUR/USD SHORT "FOLLOWING THE STRUCTURE"we are marking structure on 4h tf. eur/usd is making lower lows and lower highs indicating a downtrend and marking resistance on 4h tf. when London opens at 3 am EST 30m and 1h close below resistance. we are taking a short entry there. we have CPI, PMI, retail sales and multiple fed member speaks. monitor economic events closely and manage your position.
EURUSD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon see more up 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.
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EURUSD Swing Buy Trade with a good Reward.
We have a 4 Hour Loop in Upward direction, We have a 4H Source Demand and a Fresh 4H Supply formed as Destination Supply giving us the Demand Supply Equilibrium Curve as follows.
After reacting to the Source Demand Price has started respecting Demands and violating Supply areas. hence this is a New Position with an Amazing reward to Risk ratio.
EUR/USD Shorts from 1.08700 back down. Pro trend idea.My bias on EUR/USD has shifted to bearish following the upward movement of the dollar (DXY). With EU breaking structure to the downside, confirming the bearish trend, I'm now exploring strategies to capitalise on this. Currently, I anticipate a pullback in price to fill the imbalances just below the 20-hour supply zone (A).
However, considering the distance from that supply zone, another scenario (B) may unfold. This involves price descending further to sweep the relative equal lows and reach my 19-hour demand zone. Subsequently, I foresee a bullish reaction prompting a reversal in price direction.
Confluences for EU Sells are as follows:
- Price left a clean 20-hour supply zone that caused a break of structure to the downside.
- The overall trend for this market is bearish.
- The dollar (DXY) is also moving bullish so it aligns perfectly.
- Imabalnces below the supply that needs to be addressed.
- Lots of liquidity left to the downside in the form of equal lows and Asia Lows.
P.S. With the dollar also breaking structure to the upside, it complements this bias effectively. However, I'm not exclusively committed to one direction; I also entertain the possibility of price declining further to signal a bullish trend. We'll have to observe how price unfolds.
Happy trading people!
EURUSD Will Grow!EUR-USD fell down but
Has reached a horizontal
Support of 1.07361 from
Where I think we will
See a bullish rebound !
EURUSD: The US interest rate outlook is the main weight for currMost Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets.
Powell's comments late Sunday reiterated the Fed's earlier message that the economy's resilience gives the bank more room to maintain a restrictive monetary policy. This caused traders to largely abandon expectations that the Fed would start cutting interest rates in March or May.
CME's Fed Rate Tracker shows an 83% chance the Fed will hold rates steady in March and a 35% chance the Fed will hold rates steady in May, up significantly from a 9th chance. 9% was seen last week.
Will FOMC cause a EUR/USD rush?We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700)
As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern.
If the daily candle closes with a gain, that signifies a strong indication of a bullish move but the question is, if the bulls decided to run, how far will the up move be?
If targets are at the pattern projection, we’re looking at 1.0900 minimum which is in the same area at the main pivot zone.
If sellers come pouring in, then I’d project a move down to at least 1.0750. With FOMC on the horizon, I wouldn’t be surprised if price whipsawed to stop many traders out before actually making any significant move.
From a purely technical point of view, we’ve got a falling wedge with what is now a more prominent “hidden” MACD divergence.
Long term, I’m bullish on the EUR/USD due to a large bullish pattern that can be observed on both the Monthly and Quarterly time frames.
Projected long term price targets are 1.1500 followed by a second target of 1.2000
We shall see tomorrow with FOMC and NFP Friday morning.
Trade safe and manage risk.
EURUSD Trade IdeaWe can see that the EURUSD has been under pressure lately. It is currently trading down into a key support zone as shown on the chart. Previous 1D lows are the draw on liquidity. I'm anticipating a retrace and looking for a potential sell opportunity if we see a move into the 50-61.8% Fibonacci level. T1 at previous low and further targets would be a bullish order block at the extended 50% level on the fibo.
EUR/USD Longs from 1.07500 up towards 1.08800For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response.
Alternatively, if price doesn't reach this demand zone, I foresee a swift retracement to fill the imbalances from NFP Friday, followed by potential distribution within the newly identified 10-hour supply zone. Should this supply zone be tested first, my strategy will involve selling positions targeting the 2-hour demand zone.
Confluences for EU Buys are as follows:
- Price is near a clean 2-hour demand zone that has broken structure to the upside.
- Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up.
- There's lots of liquidity to the upside that needs to be addressed as well as some imbalances.
- Dollar (DXY) is still looking bearish as well which means more upside is still left for EU.
P.S. Should the 2-hour demand zone be breached, I anticipate a shift towards a bearish trend, as it represents the final support connected to that wing point. Keep your zones pre-marked to stay prepared for any sudden price movements.
Have a great week everybody!
EURUSD Looking BullishThe EURUSD is currently situated in the Daily Demand area, signaling a possible dominance of buyers. The existing upward trend remains intact unless there is a break below the critical Higher Low level at 1.07250.
Being within the Daily Demand zone, the EURUSD indicates a positive outlook for buyers, with the upward trend likely to persist as long as the crucial Higher Low support at 1.07250 remains unbroken.
EURUSD Possible bounce ? The EURUSD is presently within the Daily Demand area, indicating potential buyer dominance. The prevailing uptrend persists until a breach of the 1.07250 Higher Low occurs.
Currently residing in the Daily Demand zone, EURUSD suggests a favorable scenario for buyers, maintaining the upward trend unless the crucial Higher Low at 1.07250 is breached.
I'd like to hear your insights on this currency pair.
EURUSD On the way to 1.10Nice breakout and pump on EURUSD. My plan is going well, and i think it's time for EU to pump. My first taget is 1.10. I exclude a retest of this local low, but we could maybe see a pullback to 1.086 before bouncing up again.
EUR/USD Pre FOMC AnalysisIn this video I go over Pre FOMC price action on the EUR/USD, GBP/USD and AUD/USD.
Be mindful of Fed price action and also NFP on Friday.
Trade safe and manage risk.
EURUSD Will Grow!EUR-USD broke out of
The narrowing wedge pattern
To the upside and the price
Is now going up again
So I will be expecting
A local move up !
EURUSD Looking BullishIn our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern.
This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in pips.
Keep an eye out for further updates, and as customary, approach your trades with assurance.
EURUSD LONG 30 JAN 2024Price is approaching strong support level at 1.0780 (Daily swing level).
Price moves in falling wedge pattern for the last few days and expected to break above.
Buyers are not letting the price to close lower which can be seen for few days now.
With upcoming strong US news, we can expect price to go further low before continuing the up move.
EURUSD Trend Reversal ?Pair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame. Completed Impulsive Waves " 12345 " Bearish and " AB " Corrective Waves. Exp FIAT as an Correction in Short Time Frame need to wait until it Rejects from Upper Trend Line or Demand Zone
💡 EURUSD: Forecast January 15After breaking the bottom of 1,085, the selling pressure was not maintained, the buying force returned strongly and pushed the price beyond the downtrend line. Although there is still no clear bullish reversal signal, it can be seen that the buying side is strengthening through the frequency and size of bullish candlesticks. You should temporarily stop trading at this time, need to wait for clearer signals.
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.
EURUSD BULLISH DIVERGENCE - Are the bulls getting ready?4H TF
- BULLISH divergence
- Breaker block confluent with 50% Fib level
- Break and retest of Bearish trendline liquidity
- HH established
1H TF
- FVG sustained as a breaker block
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.
