Get started

Eurusdtradeidea

EURUSD Next weekNext week is expected to witness a significant downtrend in the Euro currency. Traders and analysts have identified multiple factors that contribute to the bearish sentiment surrounding the Euro. These factors include economic indicators, political developments, and market sentiment. Economically, the Eurozone has been experiencing sluggish growth, coupled with persistently low inflation. The region's central bank has struggled to stimulate economic activity, leading to concerns about the Euro's long-term stability. Additionally, rising debt levels in certain Eurozone countries have further fueled apprehensions among investors. On the political front, uncertainties surrounding the European Union have played a role in undermining confidence in the Euro. Disagreements among member states, especially concerning fiscal policies and integration, have created a sense of instability and potential discord, further weakening the Euro's position. Furthermore, market sentiment has turned bearish on the Euro due to the relative strength of other major currencies, such as the US Dollar. Heightened demand for safe-haven assets and a more optimistic economic outlook in other regions have led investors to shift their focus away from the Euro. Considering these factors, many analysts and traders are advising a bearish outlook for the Euro in the upcoming week. However, it's important to note that the foreign exchange market is highly volatile, and currency movements can be influenced by unforeseen events or market dynamics. Therefore, it's always prudent to exercise caution and consult with a financial advisor before making any investment decisions.
Short
by mazayafx
3
CUP AND HANDLE ( EURUSD) POSSIBLE BULLISH MOVEMENT (UPDATE)The target of this pattern is measured by the depth of the cup , by measuring we see that price might continue on this bullish run to 1.11690 which also happens to be an important resistance from which the markets made a rally to the downside back in 31 march 22. Fundamentals are also on the EURO side as Europe exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle. one should look for possible retracements during the bullish rally to join bulls . MAY THE MARKETS BE WITH YOU
Long
by KILLCAD
EURUSD: Fall or rise focus here This is its 1h chart. It can be clearly seen that it has gone through a downward trend channel in the early stage. It has recently stepped out of this channel and built a small bottom. It is currently testing the first resistance and whether it can convert the resistance to support. is the most important thing right now. To judge it, in addition to analyzing its own trend, we also need to analyze it in combination with the trend of DXY. In EURUSD's 1h chart, it is currently stepping back to MA30, but the overall pattern is still more advantageous for bears. The lower MA60 is near 1.070, and the support here will be relatively more effective. In the 1h chart of DXY, MA30 has just been broken, and MA60 is near 103.8. If it cannot break through by then, it will fall back again, confirming the support of MA20. On the 1D chart, the strong support of DXY is around 102.4, and the resistance is 103.85. If it breaks through, the top can reach around 105.6. It can be inferred that EURUSD will still be under pressure at 1.088 with a high probability. Of course, to reach 1.088, the process of turning the current resistance into support must first be completed. In the near future, focus on the support around 1.073-1.069. Resistance near 1.08-1.09. If it falls below the support, there is a certain probability that the bottom will be around 1.048 (DXY105.6)
Short
by EagleEyeStrategy
EURUSD Market has been doing some real magic in the last few days especially with the release of the CPI core data, the PPI, FOMC and federal funds rates, we have seen some momentum in the market and for now on EURUSD, I would want to see a break above the 1.08550 level and its retest before going long or a break below the immediate support at 1.08056 and its retest before shorting the market. For now, we keep our fingers crossed and wait. All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
EURUSD: Things you need to know!Fundamental analysis: The support and resistance zones are effectively fulfilling their role, as usual, by eliciting a response above the gold price line. The RSI indicator indicates that liquidity is slowly accumulating, which suggests a potential reversion to a downtrend. Market overview: The EUR/USD rose again, posting its highest daily close in a month above 1.0800, despite the US Dollar's recovery triggered by the hawkish hold from the FOMC. Attention now turns to the European Central Bank (ECB) meeting and upcoming US data, which could become more relevant given Fed Chair Powell's statement that the July meeting will be a 'live' meeting." The ECB will have its Governing Council meeting on Thursday. It is expected to hike interest rates by 25 basis points. The key for the Euro will be the language used in the statement and ECB President Lagarde’s comments during the press conference. Probably, she will repeat that they are not done raising rates. If the meeting turns out to be 'dovish', with signals of a potential pause, the Euro could suffer.
Short
by Sphyn-Trader
3
Stick with the broader perspective on Eurozone - short euroFundamentals EUR: There are indeed hawkish expectations as ECB officials reiterated the need for further hikes in June-July to tame sticky inflation. However, most if not all leading indicators' latest readings point to a decrease in economic activity. I believe yesterday's spike is the result of pricing in those hawkish expectations, which is overdone. The idea is to follow the bigger picture of the economic conditions in the Eurozone. ECB may try to hike rates a few times to fight inflation, but the major downtrend in the euro should continue unless leading indicators show some improvements. Additionally, the positioning of retail traders is mostly long - an old habit of fighting a fundamental trend. At some point the retailers should take their losses, feeding the downtrend. USD: Yes, there's a pause in rate hikes expected in June, but Fed has been more successful in lowering inflation, while recent data showed some signs of improvement in economic conditions (consider Retail sales and NFP). Also, the medium-term Fed's outlook is still quite hawkish because inflation is still well above the regulator's target Technical & other Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Down Long-term: Range Min. Target: MA(10) *The market is likely to range until FOMC, so the target is quite limited.
Short
by Cherry94
4
EURUSD: Tumultuous week!Overview of the market On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670. In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
Short
by Sphyn-Trader
1