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Eur-usd

EURUSD Short-term Buy Signal at the bottom of the Channel.The EURUSD pair is extending the bearish trend firmly within the borders of the 2-month Channel Down hitting in the process last week's target: As you see, it failed to break above the 4H MA100 (green trend-line) so we didn't pursue Target 2. We are in a similar situation now, with the price again at the bottom of the Channel Down, while the 4H RSI is about to hit the oversold territory (sub 30.00). We take it again as a buy opportunity, targeting the 4H MA50 (blue trend-line) at 1.06300. As before, if the price breaks above the 4H MA100, we will re-buy and target 1.07200 (+1.44% rise). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
11
EUR / USD – HTF JOURNAL - WEEKLY SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the > FX:EURUSD < We focus on the technical KEY points and KEY areas that will be relevant in the coming weeks & months. As soon as candlestick closes emerge that suggest a temporary direction for the price intra-day, I create a separate post below. This post will be under a similar name, which is as follows: " EUR / USD - JOURNAL - ACTIVE SERIES " (Includes: entries, stop loss & take profit levels) Once published, it will be added as a comment, and when this post is saved, you will receive a notification about it. How do I save an idea so that I receive a notification when it’s updated? MARKED POINTS OF INTENTION (POI) Looking at the big monthly chart picture, we can see that we are still in a downtrend channel that started in 2008. The market has been moving up since last September to test the upper trend line of the channel. There will most likely be another run-up attempt by the price, which will come after the current bottoming. In the weekly chart - MACD indicator, one can already see a clear "Bearish Divergence", which argues for an HTF sell-off. However, in the 1-day chart, one can sense a further move to the upside, which will extend the bearish divergence more to the extreme in the higher timeframes. At the current moment of analysis, we are on very strong support areas, which could be the bottom for the next move to the upside. Z - You have to understand the big picture to not drown in the noise of the small one - Z | ZielIstDieAutarkie | If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much. Thank you and happy trading! Z
by ZielIstDieAutarkie
4
EURUSD Decline far from over.The EURUSD pair is extending the decline inside the two month Channel Down and technically it isn't over yet. The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850. The 1D RSI is almost on the 30.00 oversold level, but we need to see a reversal inside the zone to call for a bottom after such a continuous bearish pattern (Channel Down). Sell and target 1.04850 (Support A). Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
8
EURUSD: Formed the first Bullish Cross after 3 years.EURUSD has been declining without a stop since July, turning bearish on the 1W timeframe (RSI = 38.075, MACD = -0.002, ADX = 37.003) with the RSI that low for the first time since October 2022. The most important technical formation though is the 1W Bullish Cross (MA50-100) which is the first time we see it forming after exactly 3 years. A quick look on past 1W Bullish Cross formations in the last 10 years shows that when completed, it was never the top for EURUSD. On the contrary it has been an optimal buy entry. With the exception of February 2018, the pair has always topped above the Fibonacci 0.618 level, which is where it got rejected in July. To be more precise, the recovery since the late 2022 bottom appears to be more similar to the July 2012 recovery. This gives us more evidence to expect one more rally on EURUSD before it tops for another Bear Cycle. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
EUR/USD: Euro Trims Losses Against US Dollar Post-Fed EventEuro Trims Losses Against US Dollar Post-Fed Event In the aftermath of the recent Federal Reserve (Fed) event, the Euro (EUR) found itself on a backfoot against the US Dollar (USD), but it managed to regain some ground. Here's a look at the key events and dynamics shaping the EUR/USD currency pair's movement. Euro in Decline Post-Fed: The Euro had been facing downward pressure against the US Dollar as the market digested the implications of the Federal Reserve's recent actions. Stocks in Europe opened Thursday's trading session in the red, reflecting a cautious sentiment in the market. EUR/USD Rebounds: Despite an early drop to fresh multi-month lows, the Euro managed to stage a modest rebound against the US Dollar. As a result, the EUR/USD pair climbed back above the 1.0650 level during the European trading session on Thursday. US Dollar Strength Persists: The US Dollar continued to demonstrate strength, with the USD Index (DXY) reaching new highs. The index approached a six-month high near 105.70, just a few pips away from the year-to-date peak observed on March 8, which was around 105.90. Fed's Hawkish Stance: The rebound in the EUR/USD pair coincided with some corrective movements in the short end of the US yield curve, while the belly and long end saw modest gains. This shift in bond yields may have contributed to the Euro's rebound. Following the Fed's meeting, Chairman Jerome Powell emphasized that there is still a considerable path to cover in reaching the target inflation rate of 2%. The Fed decided to maintain current interest rates, but it remains prepared to raise rates when it deems appropriate. Key Data and Events Ahead: In the economic calendar for the eurozone, the preliminary reading of Consumer Confidence, tracked by the European Commission, is scheduled for release. Additionally, ECB President Christine Lagarde is expected to deliver a speech, which could provide insights into the central bank's perspective. In the United States, the focus will be on the usual weekly Initial Jobless Claims data, followed by the Philly Fed Manufacturing Index, the CB Leading Economic Index, and Existing Home Sales. These data points will provide further context for the economic situation in the US. In summary, the Euro faced early losses against the US Dollar but managed to regain some ground in European trading. The USD's strength persists, with the Fed maintaining a hawkish stance. Key economic data and speeches by central bank officials will be closely monitored for further market direction. Our preference Short positions below 1.072 with targets at 1.0610 & 1.0590 in extension.
Short
by FOREXN1
7
EURUSD 24/9.23EU oh look another sell side swing range with a rather large space above, oh and liquid gathering above our highs almost as if we have seen this in nearly all our other USD related pairs this Sunday! In short we are looking for a bearish move due to our range we sit in but of course we aren't expecting a run higher for then a full drop lower as our range is massively oversized. from what we have seen and what we know of these kind of range normally we see the short term price action take over the overall move but until this happens we stick to what we have! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
EURUSD: Will it finally break the Channel amidst the Fed?EURUSD is testing the top of the Megaphone pattern on the 1H timeframe. Doing so on overbought technicals (RSI = 75.380, MACD = 0.001, ADX = 41.699) it is likely to see another pullback to the 1H MA50. Since however the Fed announces the Rate Decision in a few minutes, it is possible to see an upward push to finally break over it and to the R1 level (1.07695). If it does, we don't expect the rise to stop there but on the contrary test the top of the long term Channel Down (TP = 1.0800). Any pull back inside the Megaphone and as long as its bottom holds, is a short term buy opportunity. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
7
EUR/USD falters around its 2023 open price, ahead of FOMCYes, EUR/USD has fallen to a key support level around the May low. And that will likely deter some bears around current levels from entering short (depending on their timeframe). But given the potential for for the Fed to deliver a more hawkish message than money markets are pricing in whilst the ECB suggest they are done tightening, we're not discounting the potential for EUR/USD to break lower. The daily trend remains bearish and a shooting star formed following a 2-day retracement higher. Its high perfectly respected a 61.8% Fibonacci retracement level before the day closed back beneath 1.070. But what has really caught our eye is that prices also faltered around the 2023 open price. And that means the euro really has gone nowhere this year, and the market is paying attention to that open price. Given the corrective price action on the 1-hour chart, we'd prefer to fade into move up towards or around 1.0700 for a move back towards those lows. The bias remains bearish below 1.0730 (although keep in mind extra levels of volatility around the FOMC meeting can mess with such levels before the real move begins).
Short
by CityIndex
1
EUR/USD Rebounds Despite USD Pressure – Fed Meeting LoomsEUR/USD Rebounds Despite USD Pressure – Fed Meeting Looms The Euro (EUR) has staged a rebound against the US Dollar (USD), pushing EUR/USD past the initial drop near 1.0670 and setting its sights on the 1.0700 resistance level as Tuesday unfolds. The USD continues to face selling pressure, and it's approaching a critical support level around 105.00 as tracked by the USD Index (DXY). This is occurring against the backdrop of rising US yields and caution ahead of the Federal Reserve (Fed) meeting scheduled for Wednesday. In terms of monetary policy, investors are still digesting the dovish rate hike carried out by the European Central Bank (ECB) last week. Additionally, they maintain their expectations of potential interest rate cuts by the Fed, likely in the second quarter of 2024. In the Eurozone's data landscape, the Current Account surplus contracted to €20.9 billion in July after seasonal adjustments, while final inflation figures for August are also anticipated later in the European morning. Turning to the US, the housing sector takes the spotlight with the release of Housing Starts and Building Permits data for August. EUR/USD saw a resurgence in the latter part of Monday's trading session, closing positively. However, early on Tuesday, the pair struggled to maintain its upward momentum, consolidating around the 1.0700 mark. Following an initial bearish start, Wall Street's primary indices rebounded during the US session, creating challenges for the US Dollar (USD) to maintain its strength against other currencies. In the early European session, US stock index futures were trading slightly higher. If US stocks continue to rise after the opening bell, the USD might face difficulty finding demand, potentially allowing EUR/USD to remain stable. Furthermore, comments from European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau indicated their intent to keep the deposit facility rate at 4% "for a sufficiently long time." Additionally, policymaker Peter Kazimir mentioned, "I wish that the September rate hike was the last but I can't rule out further rate increases" on Monday. Alongside an improving risk sentiment, these somewhat hawkish comments appear to be supporting EUR/USD in the early part of the week. Later today, the US economic calendar will feature August Building Permits and Housing Starts figures. However, in the lead-up to the Federal Reserve's policy announcements on Wednesday, investors might not attach significant weight to this data. Our preference Short positions below 1.0735 with targets at 1.0655 & 1.06250 in extension.
Short
by FOREXN1
5
EURUSD Buy as long as this Flag stays intact.The EURUSD pair has been bearish since July inside a Channel Down pattern. Currently it is inside a Flag pattern. Every time it broke its bottom (downwards) the Channel Down extended to a Lower Low. When it didn't, the Flag pushed the price upwards to a Channel Down Lower High on the MA150 (4h). Trading Plan: 1. Buy if the Flag holds its bottom. 2. Sell if it breaks. Targets: 1. 1.07800 (MA150 4h). 2. 1.06000 (1.618 Fibonacci extension). Tips: 1. The Channel Down hasn't had a Lower High since August 30th. If there is any symmetry to it, we should see a new this week. Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
1
EUR/USD Price Analysis: Recovery Below 1.0700 as Markets Await..EUR/USD Price Analysis: Recovery Below 1.0700 as Markets Await Fed Meeting The EUR/USD pair is showing signs of recovery, trading near the 1.0670 level during the early European trading hours on Monday. However, the upside for this major currency pair appears to be limited as investors shift their focus to the upcoming Federal Reserve (Fed) interest rate decision scheduled for Wednesday. In recent weeks, the EUR/USD pair experienced losses, but it now seems to be stabilizing as traders brace for the Fed's monetary policy decision. The market's anticipation of this event has played a significant role in influencing the pair's recent movements. Notably, key economic data from the United States has indicated healthy economic conditions over the past week. This data has led some analysts and investors to believe that the Fed may consider one more interest rate hike by the end of 2023. However, the market sentiment currently leans toward the Fed skipping a rate hike in September. According to the CME FedWatch tool, the odds of a 25 basis point (bps) rate hike at the November meeting have also declined to 27%. The upcoming Fed meeting will be closely watched by market participants, and any hints or guidance provided by the central bank could lead to significant movements in the EUR/USD pair. Traders will be looking for clues about the Fed's stance on interest rates, inflation, and the overall economic outlook. In conclusion, the EUR/USD pair is in a recovery phase but faces limitations in its upside potential as the market eagerly awaits the Fed's decision. The dynamics of this major currency pair will likely be shaped by the outcome of the Fed meeting and the central bank's guidance on future monetary policy. As such, traders and investors will be keeping a close eye on this event as it unfolds later in the week. Our preference Short positions below 1.07350 with targets at 1.0625 & 1.0600 in extension.
Short
by FOREXN1
7
EURUSD Buy signals but follow the break-outs.The EURUSD pair has been trading within a Channel Down pattern since the July 27 High. So far it has only made two Lower Highs touching its top and we may be starting the sequence that might complete the 3rd. On the short-term we expect the 4H MA50 (blue trend-line) to be tested and the target on our current buy is 1.0700. That is still below the Inner Lower Highs trend-line, similar to August's decline. Beyond that, we will take a 2nd buy only if the price breaks above the 4H MA100 (green trend-line), in which case, we will target the top of the Channel Down and the 4H MA200 (orange trend-line) at 1.08000 (+1.65% bullish extension). Note that the 4H MACD is close to completing a Bullish Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
8
EUR/USD Faces Downside Pressure as USD Strengthens Amid ECB andEUR/USD Faces Downside Pressure as USD Strengthens Amid ECB and US Data The EUR/USD pair struggled to sustain its recovery as it faced resistance following comments from ECB President Christine Lagarde. Friday's rebound encountered downward pressure as the US Dollar (USD) maintained its strength, pushing the broad dollar index higher. ECB's Dovish Rate Hike Stifles Euro The European Central Bank (ECB) surprised markets with a dovish rate decision, raising its benchmark interest rates by 25 basis points, bringing the overnight deposit rate to 4%. However, despite the rate hike, the Euro (EUR) faced a slump as the ECB effectively signaled the end of the current rate hike cycle without explicitly stating it. ECB President Christine Lagarde's remarks added to the Euro's woes, as she indicated that the ECB was now focused on determining how long rates should remain at current levels rather than how much they should change. This shift in tone eroded expectations of further rate hikes from the ECB, and investors are now anticipating the possibility of the European Union's central bank cutting rates in March of the next year. On the US side, the economic calendar provided support for the Greenback (USD) as US data continued to outperform expectations. US retail sales figures for August exceeded forecasts, registering a 0.6% increase compared to the anticipated 0.2%. This figure also marked an improvement over the upwardly revised previous reading of 0.5%. The US economy appears robust and resilient, dispelling concerns of an impending recession. The recent narrative of a "soft landing" in the US economy, which had been weighing on the markets, now seems to be fading as the US consumer segment shows strength. EU Inflation and US FOMC in Focus for the Coming Week The upcoming week holds key events for both the European Union and the United States. On Tuesday, EU inflation figures, as measured by the Harmonized Index of Consumer Prices (CPI) for August, are set to be released. Forecasts suggest that the CPI will remain in line with the previous period. The last reported pan-European inflation rate stood at 0.3%, and investors expect a similar reading this time. Lingering concerns about inflation make any significant beat on the headline figure a potential trigger for risk aversion. Meanwhile, in the US, all eyes will be on the Federal Reserve (Fed) once again, with the Fed's Federal Open Market Committee widely expected to keep the US benchmark interest rate unchanged at 5.5%. However, inflation concerns are still prevalent in the markets, keeping investors on edge about the possibility of further rate hikes by year-end. Thursday will also bring US jobless claims data, and Friday will feature preliminary EU manufacturing and services Purchasing Manager Indexes (PMI), followed by their US counterparts later in the day. These data releases will likely influence market sentiment and trading decisions in the week ahead. Following a retracement within the 38.2% and 50% range, we are anticipating the emergence of a fresh bearish movement.
Short
by FOREXN1
2
EURUSD Reached the May 31st Low. Double Bottom??The EURUSD pair hit the 1.06350 Support A, which is the Low of May 31st. Today that was followed with a minor rise, so as long as it holds, that's a Double Bottom and a buy signal. Buy and target the Channel Down's top at 1.07450. If the price crosses over 1.07855 (Fibonacci 0.236), buy again and target 1.08550. If on the contrary we get a 1day candle closing under Support A (1.06350), sell and target 1.04850 (-2.70% decline). Follow us, like the idea and leave a comment below!!
by TheCryptagon
1
EURUSD: Oversold RSI at the bottom of the Channel Down.EURUSD reached the bottom of the six week Channel Down, completed a -2.70% decline such as the previous one and turned the 1H RSI extremly oversold (RSI = 17.487, MACD = -0.002, ADX = 31.778). This is a low risk chance to take a short term buy to the top of the Channel Down. Our target is, as with the previous rebound, the 0.618 Fibonacci level (TP = 1.08250). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2