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EUR (Euro)

The Scenario for New EUR/USD 2024 Highs? Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in play. The market's confidence in ECB rate cuts outpaces that in the Federal Reserve. The Fed, facing closer scrutiny, is walking a tighter rope; its first rate cut in years will likely be the most important event of the year (possibly bigger than the US election), as it marks the beginning of a new monetary-policy phase. Adding to the intrigue is a recent uptick in Eurozone inflation, which suggests that progress on this front may have stalled. In contrast, many believe that U.S. inflation is either under control or nearing that point. This week's Jackson Hole symposium, scheduled for August 22-24, could provide further insights, particularly from European policymakers. Bank of England Governor Andrew Bailey is already confirmed as a speaker, but the full agenda of talks is released closer to the opening day.
by BlackBull_Markets
$XAUUSD $GOLD $2,540 PLAUSABLE BY END OF WEEK (23Aug2024)Since the 1st of April 2024, TVC:GOLD has formed a clear bullish channel with a highly probable eventful price action week to the few hours after FED Chairman Powell's speech on Friday. I believe a suggestion of an emergency FED rate cut outside schedule propels TVC:GOLD to between $2,525 and $2,540. This of course is dependent on the size of retracement in the earlier days of this week. 12th to 16th August was a bullish week that saw TVC:GOLD reach an ATH above a psychological mark of $2,500. In the absence of clear increased and unpriced geopolitical risk(s), I expect some retracement within the accelerated channel from 12th Aug (white channel). The accelerated bullish channel (white) and the longer term bullish channel (pink) provide a great tier of support levels to use as risk indicators against the bullish trade. 1. The 1st support level will be $2,483 as it coincides with the high of day's trades for 17th July and coincides with the progressive mean for the accelerated channel for last week's trades on the yellow metal. The yellow dashed line shows the first level a retracement can breach against opposing the long positions this week. This will probably come as early as the Asian trades in a few hours. I will still hold if a position was opened in fear of a huge event over the weekend. I opened a smaller than normal position near Friday's closing bell. 2. The slightly more significant area for me will be the $2,464 - $2,472 price range on a daily candle. Any close in this range between Monday and Tuesday together with Volume profile analysis should indicate strong selling pressure (amber range). This will be the last level I would add to my position (but on the small side as the probability to hit $2,525 - $2,540 would need more certainty of an event driving the price's momentum. 3. If on the Day candle we hit the red-pink zone, then an event driven momentum could only see us hitting sub $2,530 but for me sellers would have significantly dented my expectations for the week. LET"S GO FOR THE GREEN DOT OR HIGHER. GOOD LUCK 4. Touching $2,429 or under before or Wednesday on any timeframe is significant even for the bullish channel started 1st April. This will be its rising mean and crossing under is some seller strength in the arm wrestle for $GOLD.
CAPITALCOM:GOLDLong
by Cha-Zee-ZESA
Gbpusd watching for pullbacks ideally for longHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for a pullback to long. daily chart it has hold on to the uptrend line, last few days momentum was to the bull side. Looking at setups for long on this. Also for Eurusd. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
How to track the US dollar's direction?A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again. Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction. To conclude: Long-term - Down Mid-term - Range to a breaking point Currencies Futures and Options Minimum fluctuation: 0.00005 per AUD increment = $5.00 0.00005 per CAD increment = $5.00 0.00005 CHF increment = $6.25 0.000050 per Euro increment = $6.25 0.0001 per GBP increments = $6.25 0.0000005 per JPY increment = $6.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:6J1!Long
by konhow
2
EURGBP to find buyers at market price?EURGBP - Intraday Preferred trade is to buy on dips. We look to buy dips. Daily signals are bullish. 20 1day EMA is at 0.8517. We look for a temporary move lower. We look to Buy at 0.8515 (stop at 0.8491) Our profit targets will be 0.8575 and 0.8590 Resistance: 0.8535 / 0.8550 / 0.8575 Support: 0.8528 / 0.8515 / 0.8500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURCHF Is Going Down! Sell! Please, check our technical outlook for EURCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.954. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.944 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EURAUD rallies to continue attract sellers?EURAUD - 24h expiry The medium term bias remains bearish. Rallies continue to attract sellers. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.6690. We look to Sell at 1.6690 (stop at 1.6750) Our profit targets will be 1.6540 and 1.6500 Resistance: 1.6690 / 1.6740 / 1.6810 Support: 1.6520 / 1.6450 / 1.6400 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EUR/USD Approaches Key Supply Area Amid U.S. CPI DataThe EUR/USD is nearing a significant supply area around 1.10500, with the pair currently showing signs of being overbought. The latest Commitments of Traders (COT) report highlights that retail traders are largely bullish on the pair, adding to the potential for a correction. The focus now shifts to the upcoming release of the Consumer Price Index (CPI) data for July by the U.S. Bureau of Labor Statistics, which is likely to play a crucial role in determining the pair's next move. Market expectations suggest that on a yearly basis, the CPI will rise by 2.9%, slightly down from the 3% recorded in June. The core CPI, which excludes the most volatile items, is anticipated to increase by 3.2% annually. On a monthly basis, both the headline CPI and core CPI are expected to rise by 0.2%. Should the monthly core CPI, a key indicator that removes base effects and volatile prices, exceed expectations, it could trigger an immediate recovery in the U.S. Dollar (USD). This would likely weigh on the EUR/USD, leading to a potential downward movement from the supply zone around 1.10500. Conversely, if the core CPI underperforms, failing to meet market estimates, the pair might push higher, potentially breaching the initial supply area. If EUR/USD manages to surpass the 1.10500 level, the next significant resistance lies around 1.12000. This area could act as another barrier for the Euro, where a rebound might occur. However, the current analysis suggests that a reversal at the first supply area is more probable, especially if the USD regains strength following the CPI data release. In conclusion, the upcoming CPI figures will be pivotal in shaping the EUR/USD's trajectory. Traders should closely monitor the data, as it could either reinforce the overbought conditions and lead to a correction, or propel the pair higher if the USD weakens further. ✅ 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
3
EURO - Price can bounce up from support area to $1.1100Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside falling channel and fell to support level and even lower support area. After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel. Also, price broke $1.0810 level and later reached next support level, but soon turned around and started to fall. In a short time, EUR fell to support line of wedge, after which bounced up to $1.0990 level and broke it. Then price made retest and rose to resistance line of wedge, but recently fell to support area. Now, I think that Euro can bounce up from support area to $1.1100, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
Could EUR/CAD drop from here?The price has reacted off the pivot and could potentially fall to the 1st support. Pivot: 1.51181 1st Support: 1.50414 1st Resistance: 1.52059 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1:7 RR Buy Setup For EURCHF Core Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, the following analysis has been conducted: If we look at the daily timeframe, we see a very strong candle at the lowest level or swing level that made a fake breakout and then cleaned up the price. The next daily candles followed it up, and then the smaller timeframe, which matches the daily one-hour timeframe, also followed up with a good spike and body. All of these things make it a very good entry to buy. 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: The current swing structure is bullish with a Break of Structure (BOS). Liquidity resting and sweep areas are identified below, indicating the potential for a deeper corrective swing. After taking inducement, the Point of Interest (POI) includes Extreme Order Block (OB), Fair Value Gap (FVG), and liquidity all clustered in the discounted zone, making this an attractive area for buyers. Pattern: 🟢 Chart Patterns: No chart patterns have formed yet for confirmation. Entry is based solely on Smart Money Concepts. 🟢 Candle Patterns: Candle stick patterns will be updated once the price reaches the POI. Volume: 🟢 Volume analysis indicates strong bullish control. Massive volume has been observed whenever the price moves in a bullish direction, while corrective moves lack significant volume. This suggests that bulls are in full control of this pair. Momentum RSI: 🟢 The price is currently in a bullish to sideways zone. There is no valid range shift yet, but a loud move has been observed, making this swing potentially dangerous for buyers. The loud move suggests a strong loss of momentum, which is a powerful signal in this context. We need to monitor further developments. Volatility Bollinger Bands: 🟢 After a contraction and expansion phase with a squeeze breakout and walking on the band, the bullish volatile move appears to be over. The price may enter a sideways zone for some time before potentially starting another bullish move. Strength ADX: The ADX indicates that bulls are currently in power. Rating: ⭐⭐⭐ The trade has been given a 3-star rating (60% probability) because the momentum and chart patterns are not fully supportive yet. The trade setup shows potential but requires careful monitoring. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish BOS ☑️ POI: Liquidity resting areas marked 💡 Decision: Buy limit orders 🚀 Entry: 0.9416 / 0.9394 (two positions with 50% risk for each; calculate lot size accordingly) ✋ Stop loss: 0.9352 🎯 Take profit: 0.9660 😊 Risk to reward Ratio: 1:6 🕛 Expected Duration: 7 days SUMMARY: The analysis suggests a potential bullish setup with entry points at 0.9416 and 0.9394, each with 50% risk allocation. The stop loss is placed at 0.9352, and the target is set at 0.9660, offering a favorable risk to reward ratio of 1:6. Given that momentum and chart patterns are not yet fully aligned, the trade has a moderate probability, and close attention should be paid to the price action as it reaches
Long
by Optimum369
EURCHF The Target Is DOWN! SELL! My dear friends, EURCHF looks like it will make a good move, and here are the details: The market is trading on 0.9524 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.9422 Recommended Stop Loss - 0.9591 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
Short
by AnabelSignals
1