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EUR/USD: USD Remains Strong as Market Awaits Key Economic DataThe US Dollar Index (DXY) continues to show strength at the start of the new week, holding firm against the Euro. The Greenback surged last Friday after the release of the Nonfarm Payrolls (NFP) report, which revealed a healthier-than-expected US labor market. This solid performance in the world’s largest economy has reassured investors that the Federal Reserve (Fed) will not need to implement aggressive interest rate cuts in the near term. With the stronger labor market, the likelihood of a 50 basis point (bps) rate cut in November has dropped significantly to around 5%, while expectations have shifted to a smaller 25 bps cut in the upcoming meeting. Focus Shifts to Upcoming Economic Data As we move into the week, market attention is firmly on upcoming key events. Tomorrow, the FOMC Meeting Minutes will provide further insights into the Fed’s stance on interest rates. Following that, Wednesday will bring the release of significant data, including the Core CPI m/m, CPI m/m, CPI y/y, and Unemployment Claims. These releases will be crucial in shaping the market's expectations for the Fed’s next moves. While forecasts for these economic reports suggest a potentially worse scenario for the US Dollar, the Greenback has continued to rally over the past week. The direction of the USD may only become clearer after these critical data releases, as they will offer a more detailed picture of the inflationary landscape and labor market health. Technical Analysis: Demand Zones in Focus In the EUR/USD chart, we have identified two key demand areas. The demand zone highlighted in the gold rectangle appears the most plausible if the price drops following the release of the economic news. This area could serve as a critical point for traders to look for potential buy opportunities if the market reacts negatively to the data. At present, we are not holding any active positions in EUR/USD and are carefully watching for the price to approach an area of interest before making any moves. Patience will be key as we await the impact of this week’s economic announcements on the market. Conclusion The US Dollar’s strength remains intact as we head into a week filled with pivotal economic data. With the FOMC Meeting Minutes and inflation data on the horizon, the market is eagerly awaiting clearer direction. For now, the USD is holding its ground, but traders should stay vigilant and wait for confirmation from the upcoming news releases before making any major trading decisions. We remain on standby, watching the EUR/USD pair closely, and will assess potential trade opportunities as the market reacts to the economic developments. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
EUR/USD Under Pressure Despite Eurozone Retail Sales ReboundThis morning, the Eurozone Retail Sales data showed a slight rebound, rising 0.8% year-on-year (YoY) in August, compared to the 1.0% estimate. On a monthly basis, retail sales increased by 0.2%, aligning with expectations, after being flat in July, according to data released by Eurostat. While this rebound reflects some recovery in consumer activity, the data missed market expectations, which has limited its impact on the Euro. Despite these figures, the EUR/USD pair remains under pressure, largely due to stronger sentiment surrounding the US Dollar. The economic data from the Eurozone was marked as low-impact, further minimizing its influence on the currency pair. As a result, the price of EUR/USD continues to feel the weight of broader market forces. Sentiment Analysis: COT Report Shows Divergence The latest Commitment of Traders (COT) report reveals an interesting shift in market sentiment. Retail traders have turned bearish on EUR/USD over the past week, likely reacting to the stronger USD performance and weaker-than-expected Eurozone data. On the other hand, Smart Money (institutional traders) has begun building long positions, suggesting a potential upside as these large market participants start positioning for a future rebound. Technical Outlook: Eyes on the 1.08500 Demand Area We previously closed a bearish position on EUR/USD after a successful trade, as noted in our forecast here: EUR/USD Previous closed Forecast. Looking forward, we are awaiting further price action before considering new positions. The 1.08500 level is a key demand area where we expect the price may find support and possibly reject the previous low. A decline to this area seems likely, and we are watching closely for consolidation and potential entry signals around this level. At the moment, however, we remain on the sidelines until a clearer opportunity presents itself. Conclusion While the Eurozone Retail Sales figures showed a modest rebound, they missed expectations, and the overall impact on the EUR/USD pair has been minimal. The pair remains under pressure, with the USD benefiting from recent economic data and hawkish remarks from the US Federal Reserve. We are watching for a potential price drop to the 1.08500 demand area, where a rebound could occur, but no new positions will be taken until the market offers clearer signals. For now, patience is key as we wait for EUR/USD to reach an area of interest that may provide a solid entry point. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
EUR/USD Analysis: The Exchange Rate Falls Below 1.100EUR/USD Analysis: The Exchange Rate Falls Below 1.100 As shown in today's EUR/USD chart, the euro has dropped below the 1.100 level against the US dollar. This decline is partly due to Friday's strong US jobs report, which revealed: → the largest job growth in six months, → a decrease in the unemployment rate, → solid wage growth. These factors suggest a resilient US economy and increase the likelihood of a "soft landing" following the inflation surge. Technical analysis of the EUR/USD chart: → Since July, price movements have formed an ascending channel (shown in blue), but it now faces the immediate threat of a bearish breakout after sellers prevented the price from rising above 1.12. → The psychological level of 1.10 could shift from support (indicated by an arrow) to resistance. Note that Friday's decline was rapid, and it’s possible that the downward momentum could continue into this week. On the other hand, bulls still have a chance to regain control at the lower boundary of the channel (which could trigger a rebound). If they fail to do so, traders should be prepared for the emergence of a potential downward channel on the EUR/USD chart (its possible outline is shown by red lines). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EURUSD Channel breakout and further potential drop after a correEURUSD has sharply declined following news of escalating tensions in the Middle East, which triggered a surge in the DXY, pushing down other currency pairs. The market formed a double top at the resistance level and failed to close above it. Currently, it is heading toward the bottom of the range. Zooming out, you'll notice the price action has been oscillating between 1.10200 and 1.12000. A pullback may occur before the market continues its downward movement. The target is the support level at 1.10300
Short
by RTED_Investing
EURUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1028 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1076 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EUR/USD Faces Pressure as USD Strengthens Ahead of US PCE DataThe EUR/USD pair experienced selling pressure on Friday, reversing part of the gains made in the previous session. The US Dollar (USD) found renewed strength as traders repositioned ahead of the release of the US Personal Consumption Expenditure (PCE) Price Index, a key measure of inflation that could influence the Federal Reserve's policy outlook. This USD rebound played a significant role in dragging the EUR/USD lower, especially as the Euro approached a critical technical zone. The pair retested a supply area, forming a potential Double Top pattern a classic indicator of weakening momentum and an early sign of a bearish reversal. This technical setup suggests that the recent bullish move might be losing traction. Moreover, the latest Commitment of Traders (COT) report shows that retail traders are heavily bullish on the Euro. This often signals a contrarian opportunity, as extreme retail sentiment can precede a market reversal, with institutional traders typically positioning themselves in the opposite direction. With both technical and sentiment indicators aligning, we are anticipating a retracement in the EUR/USD pair. The current USD strength, coupled with a bearish chart pattern and aggressive retail optimism, supports the likelihood of a pullback in the near term. The release of the PCE inflation data could act as a catalyst, potentially increasing market volatility and applying additional pressure on the Euro. In summary, we expect the EUR/USD to face further downside risks as the USD gains traction. The technical setup and market sentiment suggest that the pair could retrace from current levels, especially if the upcoming US inflation data favors continued USD strength. We remain cautious and are watching for opportunities to position for a retracement. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EURUSD Further Up Trend potentialEURUSD has been in a bullish trend, and the recent impulse move down, followed by a pullback that took out liquidity below the 1.1100 support level, could signal the end of a correction. This behaviour is typical in bullish markets, where price pulls back to gather liquidity before resuming the upward trend. Given the overall bullish sentiment, there is a strong potential for a continuation of the trend. With strong bullish momentum, the market may be set to break through last month's high. The target is the resistance zone around 1.12000
Long
by RTED_Investing
2
$EUIRYY -CPI (September/2024)ECONOMICS:EUIRYY (Eurozone Inflation Data; September/2024) source: EUROSTAT - Annual inflation rate in the Eurozone fell to 1.8% in September 2024, the lowest since April 2021, compared to 2.2% in August and forecasts of 1.9%, preliminary estimates showed. Inflation is now below the ECB target of 2%. Prices fell much more for energy (-6% vs -3%) and inflation slowed for services (4% vs 4.1%) while prices for food, alcohol and tobacco increased slightly more (2.4% vs 2.3%). Meanwhile, core inflation rate also eased to 2.7% from 2.8%. Among the bloc's largest economies, inflation slowed in Germany (1.8% vs 2%), France (1.5% vs 2.2%), Italy (0.8% vs 1.2%), Spain (1.7% vs 2.4%). The ECB expects inflation to rise again in the latter part of 2024, partly because previous sharp falls in energy prices will drop out of the annual rates. Inflation should then decline towards 2% over the second half of 2025.
ECONOMICS:EUIRYY
by Mr_J__fx
Market Analysis: EUR/USD Trims GainsMarket Analysis: EUR/USD Trims Gains EUR/USD declined from the 1.1200 resistance and corrected gains. Important Takeaways for EUR/USD Analysis Today - The Euro started a fresh decline below the 1.1150 support zone. - There is a connecting bearish trend line forming with resistance at 1.1070 on the hourly chart of EUR/USD at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.1200 resistance zone. The Euro started a fresh decline and traded below the 1.1150 support zone against the US Dollar. The pair declined below 1.1125 and tested the 1.1100 zone. A low was formed near 1.1045 and the pair is now consolidating losses. There was a minor recovery wave above the 1.1060 level. On the upside, the pair is now facing resistance near a connecting bearish trend line at 1.1070. The trend line is close to the 23.6% Fib retracement level of the recent decline from the 1.1209 swing high to the 1.1045 low. The next key resistance is near the 50-hour simple moving average at 1.1125. The main resistance is near the 76.4% Fib retracement level of the recent decline from the 1.1209 swing high to the 1.1045 low at 1.1170. A clear move above the 1.1170 level could send the pair toward the 1.1200 resistance. An upside break above 1.1200 could set the pace for another increase. In the stated case, the pair might rise toward 1.1250. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.1045. The next key support is at 1.1020. If there is a downside break below 1.1020, the pair could drop toward 1.1000. The next support is near 1.0965, below which the pair could start a major decline. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR/USD Extends Losses as USD Strengthens, Bearish Impulse FocusThe EUR/USD pair has extended its decline for a third consecutive day, falling in line with our previous forecast. The US Dollar (USD) has gained traction, supported by a risk-off market sentiment and recent comments from Federal Reserve (Fed) Chair Jerome Powell. On Monday, Powell downplayed expectations of a significant 50 basis points (bps) rate cut, indicating that the central bank is not in a hurry to lower rates aggressively. His cautious tone has further bolstered the Dollar, keeping pressure on the Euro. From a broader perspective, the main scenario for EUR/USD remains unchanged from what was outlined in previous analyses. We are still looking for a potential new bearish impulse, particularly as markets anticipate the release of the ADP Non-Farm Employment Change report later today. This key economic indicator could further influence the pair’s movement, with stronger-than-expected data likely boosting the USD and pushing the EUR/USD lower. Technically, the pair is approaching our second take profit target as the bearish momentum continues. The current outlook suggests further downside potential, especially if today’s ADP report supports the case for a resilient US labor market, reinforcing the strength of the USD. In conclusion, with the EUR/USD pair continuing its downward trend and the USD benefiting from Powell’s cautious stance, we anticipate further bearish action. The release of the ADP Non-Farm Employment Change report today could provide the catalyst needed to reach our second take profit target. Traders should remain vigilant, as the bearish scenario is still in play and could gain momentum following today’s data. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Analysis – Potential Rejection at Key ResistanceOn the EUR/USD chart, the price is currently not near the resistance level, but if it rises back to this zone, we could see a potential rejection, offering a good shorting opportunity. This resistance has acted as a strong barrier in the past, and with the right setup, it could provide a favorable risk-to-reward trade. Keep an eye on the price movement as it approaches this level and watch for confirmation signals before entering the trade.
Short
by rebenga93
EURUSD: Bearish reversal if the 1D MA50 breaks.EURUSD is on the lower levels of neutrality on the 1D timeframe (RSI = 46.772, MACD = 0.003, ADX = 17.817) as it reversed aggressively on the 1.12100 R1 level, forming what is so far a DT (double top) on a 1month 1D RSI bearish divergence. The same divergence was formed on the December 28th 2024 HH and it caused a decline to the 0.618 Fibonacci level. The trigger point to sell is always the 1D MA50. Consequently, we will turn bearish if it is crossed, aiming at the 0.618 Fib (TP = 1.08350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
EUR/USD Rate Accelerates Decline Following European Inflation NeEUR/USD Rate Accelerates Decline Following European Inflation News According to the Eurostat data released today: → Core CPI Flash Estimate (YoY): actual = 2.7%, expected = 2.7%, previous = 2.8%; → CPI Flash Estimate (YoY): actual = 1.8%, expected = 1.8%, previous = 2.2%. This news, coupled with yesterday’s statements from the Fed Chair, led to the EUR/USD rate dropping by over 1% from yesterday’s high. Could the downward trend continue? Technical analysis of the EUR/USD chart shows that: → In the second half of September, bullish sentiment dominated, resulting in the formation of an ascending channel (shown in blue). However, near the key resistance at 1.1200 (drawn from the August peak), the bullish momentum faded, and the price entered a range between 1.1200 and 1.1122. → The bearish momentum that started from yesterday’s peak (B) is developing strongly. The price has broken both the lower boundary of the 1.1122 range and the lower boundary of the blue channel. Moreover, it has dropped below 1.1108, approximately the 50% retracement of the A→B rise. This suggests that the first day of October could see bulls losing much of the gains from the previous month. A glimmer of hope for them may lie in the psychological support at 1.1080. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EURUSD Set To Grow! BUY! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.1161 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1179 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD What Next? BUY! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.1153 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1167 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR USD IdeaThe big picture on the yearly chart would be simple. If the price manages to cruise through last year's high of 1.12757, then we have a yearly fractal low in our hands to trade bullish momentum, with massive up targets to get into large trades. The whole range medium, as on the picture, represented by the yellow line, would be a heavy buying target, and the second would be 1.25557. These are targets that ultra-large whales aim for. So, monthly, weekly, and daily bull backs are respected well. But first, we need bullish momentum. So, there is no brainer to hold trades.
Long
by themarketknight