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EURUSD 27 Feb 2024 W9 - Intraday Analysis - US Cons. ConfidenceThis is my Intraday analysis on EURUSD for 27 Feb 2024 W9 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started. 3. After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback. Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback. We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH. Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price. As the 4H Swing is bearish, the Swing pullback could be done after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario. Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view. 15m Chart Analysis 1. Swing Bullish INT Bullish INT Continuation Phase 2. Swing turned bullish to facilitate the 4H Swing Pullback. After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback. Price reached the 4H Supply as expected and from there started the 15m INT Structure Pullback. We reached the INT Structure extreme and price started a bounce. Price created a Bullish CHoCH after ranging which indicates that the INT Pullback is over and expectation is to target the Weak INT High.
by Amr-Sadek
8
EURUSD: Long options A daily bearish strong candle and a break over trend line mean that we should expect a reversal! I'm considering a long position within the 1-hour zone. However, I believe it's prudent to await confirmation within the 4-hour zone, which also presents a promising opportunity to long the pair. Presently, shorting the pair doesn't seem viable to me. I'll remain cautious until there's clear evidence of a continuation of the bearish trend. Stay tuned for updates as the situation evolves. Best regards,
Long
by AliSignals
EURUSD 26 Feb 2024 W9 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 26 Feb 2024 W9 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE: Nothing major changed since last Friday analysis. Price still within a tide range. 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started. 3. After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback. Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback. We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH. Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price. As the 4H Swing is bearish, the Swing pullback could be done after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario. Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view. 15m Chart Analysis 1. Swing Bullish INT Bullish INT Continuation Phase 2. Swing turned bullish to facilitate the 4H Swing Pullback. After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback. Price reached the 4H Supply as expected and from there started the 15m INT Structure Pullback. We reached the INT Structure extreme and price started a bounce. Still we are in Bearish Fractal and the CHoCH is high and this will lead to 2 scenarios, Scenario 1: Price respecting the 15m INT Structure and continue up. Scenario 2: Price will target the 4H CHoCH (15m INT Low) initiate a move to the up side from the 4H Demand. (Bearish iBOS, 4H Demand will initiate a Pullback)
by Amr-Sadek
EURUSD 25/2/24EU is doing also the exact same thing as GU in which we have run higher into our supply as we called for our very first higher timeframe markup a few weeks back, following on from this idea we have also built liquid as we thought we would during our pullback stage for price, iam now looking for it to shift bearish within our 5min swing range as we are currently still sitting in a bullish range. iam looking into a long from market open ultimately leading us into a shift for major order flow into a sell move to sweep our liquid from the lows this in turn will then give us good reason to look for longs out of the lows and back into the highs! track what price gives you and always trade safe!
by PipSurfingSociety
EURUSD 26-1 Mar 2024 W9 Weekly Analysis - US PCE/GDP WeekThis is my Weekly analysis on EURUSD for 26-1 Mar 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ (Pro Swing + Pro Internal) 2. After the Bearish iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low. Price reached the INT Extreme and tapped the Weekly Supply Zone and as expected we are targeting at least the CHoCH and then the Weak INT Low. Price did the Bearish ChoCH and formed a fresh Supply zone which will be potential for shorts once reached to continue the Bearish INT structure and Swing too. 3. With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase. Price had reached the Bearish INT Structure extreme and showed reaction from which resulted in a Bearish CHoCH. Expectation now set to see price continuing bearish. Daily Chart Analysis 1. Swing Bearish INT Bearish Swing Continuation / INT Pullback 2. Within the Daily Bearish Swing we reached the Swing extreme area and mitigated a Weekly Supply zone and formed a bearish iBOS confirming the Swing Pullback is over and we are Pro Bearish Swing and starting the Continuation Phase targeting the Weak Swing Low. 3. After the iBOS we expect a Pullback. After mitigating the Daily Demand zone we formed a Bullish CHoCH which confirmed the INT Structure Pullback Phase started. Expectations is set now for the INT Structure Pullback Phase to continue to the INT EQ up to the Daily/Weekly Supply. But be mindful that the Swing continuation can continue at any time. There is no HP POI for Shorts up to the Daily/Weekly Supply Zones. IMO Price could continue up to sweep LIQ from the INT Momentum Phase that leaded to the iBOS before we continue down. 4. Daily and Weekly demand zones for reactions once reached. 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started. 3. After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback. Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback. We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH. Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price. As the 4H Swing is bearish, the Swing pullback could be done after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario. Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view. Economic Events for the Week
by Amr-Sadek
EURUSD 23 Feb 2024 W8 - Intraday Analysis - German GDP/IFOThis is my Intraday analysis on EURUSD for 23 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started. 3. After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback. Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback. We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH. Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price. As the 4H Swing is bearish, the Swing pullback could be done after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario. Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view. 15m Chart Analysis 1. Swing Bullish INT Bullish INT Continuation Phase 2. Swing turned bullish to facilitate the 4H Swing Pullback. After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback. Price reached the 4H Supply as expected and from there started the 15m INT Structure Pullback. We reached the INT Structure extreme and price started a bounce. Still we are in Bearish Fractal and the CHoCH is high and this will lead to 2 scenarios, Scenario 1: Price respecting the 15m INT Structure and continue up. Scenario 2: Price will target the 4H CHoCH (15m INT Low) initiate a move to the up side from the 4H Demand. (Bearish iBOS, 4H Demand will initiate a Pullback) 3. 15m/4H Demand to initiate a bullish continuation after sweeping the 4H LIQ (CHoCH) if we didn't confirm Bearish 15m iBOS. If Bearish iBOS confirmed, it will be risky and the 4H Demand will provide imo a pullback only. Waiting for more price development.
by Amr-Sadek
EURUSD 1st hit on the 1D MA50 after a month. Rejection or not?The EURUSD pair hit today the 1D MA50 (blue trend-line) for the first time in almost 1 month (since January 24) and immediately retraced. Will this level provide a full technical rejection? Well at first glance, this is also the top (Lower Highs trend-line) of the nearly 2-month Channel Down. In addition, last time the 1D MA50 was tested (Jan 24) or nearly tested (February 02), it was emphatically rejected. A similar development took place on the pair's previous long-term correction (July 18 - October 03 2023). After it broke below the 1D MA50, the first counter trend rally was rejected just below it (August 30 2023). That was the start of the Phase 2 of that correction leg, which extended to the 1.136, 1.236, 1.6 and 1.618 Fibonacci extension levels in succession. As long as the 1D candle keeps closing below the 1D MA50, we will remain bearish, targeting Support 2 at 1.06550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURUSD 22 Feb 2024 W8 - Intraday Analysis - EU CPI / US JoblessThis is my Intraday analysis on EURUSD for 21 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started. 3. After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback. Price managed to tap into the previous Bearish INT Structure range which acted as a Sell to Buy Range (Demand Range) and price bounced and imo in the direction to target the 4H Supply Zones. Still Bullish momentum of the pullback is intact and continuation up to 4H Bearish Swing EQ is a HP. 15m Chart Analysis 1. Swing Bullish INT Bullish INT Continuation Phase 2. Swing turned bullish to facilitate the 4H Swing Pullback. After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback. Most probably price will continue bullish till the 4H Supply zone. Bearish iBOS will confirm 15m Swing High and Start of Swing Pullback. Continuing my bullish Bias on EURUSD till we reach the 4H Swing EQ/HP Supply zones.
by Amr-Sadek
EURUSD 21 Feb 2024 W8 - Intraday Analysis - EU Conf. US FOMCThis is my Intraday analysis on EURUSD for 21 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 3. After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback. We are currently within a previous Daily Supply that is partially mitigated but with the current Bullish momentum an INT Pullback most probably will start from the 4H Supply/Swing EQ based on the LIQ on the left. 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started. 15m Chart Analysis 1. Swing Bullish INT Bullish INT Pullback Phase 2. Swing turned bullish to facilitate the 4H Swing Pullback. After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback. Most probably price will continue bullish till the 4H Supply zone. Bearish iBOS will confirm 15m Swing High and Start of Swing Pullback. Continuing my bullish Bias on EURUSD till we reach the 4H Swing EQ/HP Supply zones.
by Amr-Sadek
EURUSD: Triple rejection on 4H MA200, 1D MA200 and Channel Down.EURUSD turned neutral technically on the 1D timeframe (RSI = 49.576, MACD = -0.003, ADX = 24.613) for the first time since February 1st which was the previous LH of the two month Channel Down pattern. It hit today the 1D MA50 in the process and got just pips away from a 4H MA200 test, a trendline that has been intact as a Resistance for almost 1 month (since January 24th when it made a strong LH rejection). This is a potential Triple Rejection (4H MA200, 1D MA200 and top of Channel Down). As long as the 1D technical outlook remains neutral, it favors the bearish trend. We are opening a short here, targeting the 1.236 Fibonacci extension (TP = 1.0661), which is a level that was hit on every LL inside this Channel Down. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
EURUSD: Lagarde's Dovish Tone Meets Fed's Strong CPI Data Hey Traders, in tomorrow's trading session we are monitoring EURUSD for a selling opportunity around 1.07900 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance area. Additionally, the recent CPI data in the US revealed a stronger-than-expected core inflation of 0.4%, surpassing the 0.3% expected figure. This unexpected surge in inflationary pressures has significantly reduced the likelihood of the Federal Reserve implementing a rate cut next month, thereby bolstering the strength of the US dollar. As a result, the EURUSD pair may face downward pressure as investors flock to the USD amid expectations of a more hawkish monetary policy stance by the Fed. furthermore, European Central Bank President Christine Lagarde's recent indication of a potential rate cut has heightened concerns among investors regarding the economic outlook for the Eurozone. Lagarde's statement suggesting a likely rate cut reflects the ECB's cautious stance amidst persisting challenges to economic recovery, including inflationary pressures and geopolitical uncertainties. The prospect of lower interest rates has dampened investor sentiment towards the Euro, as it signals a dovish monetary policy trajectory by the ECB. Consequently, this affirmation may exert further downward pressure on the EURUSD pair as market participants adjust their positions in anticipation of looser monetary policy measures in the Eurozone. Trade safe, Joe.
Short
by JoeChampion
2
EURUSD 20 Feb 2024 W8 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 20 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m - Scenario 1 15m - Scenario 2 4H Chart Analysis 1. Swing Bearish INT Bearish INT Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Also be mindful that there is also a pullback required for the 4H Swing so there is a HP if price going to stay bullish we will take the Strong INT High. Bullish iBOS will signal a Swing Pullback. 15m Chart Analysis - Scenario 1 1. Swing Bearish INT Bearish Swing Bearish Continuation Phase 2. Price is at the 15m Swing Extreme, mitigating the 4H Supply. As the Swing is Bearish, expectations is set to continue Bearish. Price created a Bearish iBOS signaling that that the Swing Pullback is over and we started the Swing Bearish Continuation Phase to target the Swing Low. But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High. 3. 15m/4H Demand zones that can provide only reaction and not a buy opportunity. 15m Chart Analysis - Scenario 1 1. Swing Bearish INT Bullish INT Pullback Phase 2. Price is at the 15m Swing Extreme, mitigating the 4H Supply. As the Swing is Bearish, expectations is set to continue Bearish. Price created a Bearish INT to INT structure and tuned bearish to facilitate the INT Structure Pullback. As the INT is Bullish there is a HP we are going to target the Swing High. Bearish iBOS will signal that the Swing Pullback Phase is over and we are starting the Swing Bearish continuation Phase. But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High. 3. 15m/4H Demand zones that can provide only reaction and not a buy opportunity.
by Amr-Sadek
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. Sell Entry: Consider entering a short position around the current price of 1.0770, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel 1.0790 and 1.0727. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 1.0790. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
13
EURUSD 19 Feb 2024 W8 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 19 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bearish INT Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Also be mindful that there is also a pullback required for the 4H Swing so there is a HP if price going to stay bullish we will take the Strong INT High. Bullish iBOS will signal a Swing Pullback. 15m Chart Analysis 15m Chart 1 15m Chart 2 1. Swing Bearish INT Bullish Swing / INT Pullback Phase Swing Extreme 2. Price is at the 15m Swing Extreme, mitigating the 4H Supply. As the Swing is Bearish, expectations is set to continue Bearish. Bearish iBOS will be the signal that the Swing Pullback is over and we may start the Bearish 15m Swing Continuation Phase. But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High. 3. 15m/4H Demand zones that can provide only reaction and not a buy opportunity.
by Amr-Sadek
EURUSD 19-23 Feb 2024 W8 Weekly Analysis - EU CPI/PMI WeekThis is my Weekly analysis on EURUSD for 19-23 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ (Pro Swing + Pro Internal) 2. After the Bearish iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low. Price reached the INT Extreme and tapped the Weekly Supply Zone and as expected we are targeting at least the CHoCH and then the Weak INT Low. Price did the Bearish ChoCH and formed a fresh Supply zone which will be potential for shorts once reached to continue the Bearish INT structure and Swing too. 3. With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase. Price had reached the Bearish INT Structure extreme and showed reaction from which resulted in a Bearish CHoCH. Expectation now set to see price continuing bearish. Daily Chart Analysis 1. Swing Bearish INT Bearish Swing Continuation / INT Pullback 2. Within the Bearish Swing we are currently in the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS. For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low. Price confirmed a Bearish iBOS and this signals the Swing continuation phase. 3. After the iBOS we expect a Pullback. Price is currently within the Daily demand on the left which is partially mitigated and approaching a Weekly Demand Zone which could provide reaction to facilitate the Bearish INT Structure Pullback. Bullish CHoCH will confirm INT Low and INT Structure Pullback maybe starting. 4. Daily and Weekly demand zones for reactions once reached. 4H Chart Analysis 1. Swing Bearish INT Bearish INT Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Also be mindful that there is also a pullback required for the 4H Swing so there is a HP if price going to stay bullish we will take the Strong INT High. Bullish iBOS will signal a Swing Pullback. Economic Events for the Week
by Amr-Sadek
Bias USD on Long side, therefore Eurusd bias to short itHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Still pulling back to go on short for Eurusd. Recent data hasnt have much support for weaker USD. Also, coming week has not much high impact news, sentiment of USD should remain strong. Do check out my stream video 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
EURUSD: Analyzing CPI Trends for Fed's Rate Decision in MarchHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around the 1.07700 zone. EURUSD was previously trading in an uptrend and successfully managed to break it out. Currently, it is in a correction phase, approaching the retrace area at 1.07700 support and resistance zone. The recent release of US Core CPI data on February 14th, 2024, revealed a significant increase of 0.4%, surpassing both the expected 0.3% and the previous 0.3% readings. This marks a consistent uptrend in CPI data over the past few months, indicating growing inflationary pressures within the US economy. Such robust CPI figures are likely to influence the Federal Reserve's monetary policy decisions, particularly regarding the possibility of rate cuts in March. The strengthening CPI trend suggests that the Federal Reserve may refrain from implementing rate cuts in the upcoming March meeting. The elevated inflation levels, as evidenced by the recent CPI data, could prompt the Fed to adopt a more cautious approach to monetary policy adjustments, including maintaining or even tightening interest rates. Consequently, this fundamental outlook could exert downward pressure on EURUSD as market participants anticipate a less dovish stance from the Fed. Trade safe, Joe.
Short
by JoeChampion
1
EURUSD 16 Feb 2024 W7 - Intraday Analysis - US PPIThis is my Intraday analysis on EURUSD for 16 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bearish INT Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback. Price reached the 4H/Daily Supply and from there we could start the bearish continuation. Also be mindful that there is also a pullback required for the 4H Swing so there is a HP if price going to stay bullish we will take the Strong INT High. Bullish iBOS will signal a Swing Pullback. 15m Chart Analysis 1. Swing Bearish INT Bullish Swing / INT Pullback Phase Swing Extreme 2. Price reached the last Supply and Extreme of the 15m Swing / 4H Supply and initiated the Bullish INT Structure Pullback after. As the Swing is Bearish, expectations is set to continue Bearish. INT to turn bearish will be the signal that the Swing Pullback is over. But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High. 3. 15m/4H Demand zones that can provide only reaction and not a buy opportunity.
by Amr-Sadek
EURUSD to continue in the downward move?EURUSD - 24h expiry The medium term bias remains bearish. Buying pressure from 1.0695 resulted in all the initial daily selloffs being recaptured. Buying posted in Asia. There is scope for mild buying at the open but gains should be limited. Expect trading to remain mixed and volatile. We look to Sell at 1.0755 (stop at 1.0780) Our profit targets will be 1.0780 and 1.0765 Resistance: 1.0755 / 1.0764 / 1.0795 Support: 1.0700 / 1.0695 / 1.0650 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
EURUSD 15 Feb 2024 W7 - Intraday Analysis - US Retail SalesThis is my Intraday analysis on EURUSD for 15 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bearish INT Pullback Phase 2. Swing formed Bearish iBOS signaling that the Daily Bearish Swing Pullback Phase is over and we are currently in the Daily Bearish continuation phase. 3. After a BOS we expect a Swing Pullback. Internal Structure is also Bearish with iBOS, So 4H Swing and INT are expecting a pullback which could start at anytime from the current Daily Demand which is partially mitigated and we are below that mitigation or from the 4H Demand nested within the Daily Demand. Price created a Bullish CHoCH confirming INT Low and we are currently in the INT Structure Pullback Phase. Expectation is set to pullback to the 4H/Daily Supply zones and continue Bearish after. Bullish iBOS will signal a Swing Pullback. 15m Chart Analysis 1. Swing Bearish INT Bullish Swing / INT Pullback Phase 2. Previous Swing Pullback ended with the Bearish iBOS and price created another Bearish iBOS with the CPI news which created a Bearish BOS. 3. After a BOS we expect a Swing Pullback. Price created a Bullish iBOS to facilitate the the 15m Swing Pullback. Expectations is set now to continue bullish to the 15m Swing EQ / the 4H-15m Supply zones to continue the Bearish Swing. But be mindful also that the 4H is requesting a Pullback so there is a HP that the 15m Swing could be broken too.
by Amr-Sadek
EURUSD: The trend continues. Sell again over the 4H MA50.EURUSD has been providing successive low risk signals inside the 2024 Channel Down, as every crossing over the 4H MA50 is a technical sell opportunity. The 1D technical outlook remains bearish (RSI = 36.769, MACD = -0.004, ADX = 25.401) which continues to justify selling inside the Channel Down pattern. We are waiting for yet another 4H MA50 breach in order to sell and target a new -1.33% decline (TP = 1.06600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope