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Eur_usd

EUR/USD Bears in controlsHello guys. Today will be a brief overview of EUR/USD. Here we have bearish trends at all higher time frames, and the bullish context that emerged last week disappeared on Friday. We had a possible inverted head and shoulders (look at the 4 hr tf), but the right shoulder failed and thus the possible bull sentiment was erased. When we see a scenario like this, it is a strong sign that the bears are retaining strength. So, my suggestion is to wait for anyretracement and look for a short entry. If we don’t get any retracement, try to use a smaller retracement and go short.
Short
by merjemascerija
eur/usd PRICE To move up? EUR/USD here is reacting away from a Key support area on higher time frames then when you take a look at the DXY you can also see the Dollar is moving into an area of heavy resistance and there's an imbalance in price action here I'm anticipating a Correction here with EUR/USD in the short/med and long term here .... Disclaimer -- Any ideas or charts shared are for educational or demo purposes only and should not be taken as Investment advice
Long
by therealbinarymaster
EUR/USD to remain under pressureThe EUR/USD trading pair once again met resistance near the 1.1375 mark this morning. This level has been a sideways trend resistance since November 2021 and has already beaten the price down 4 times. The price growth lows is interesting. Every attempt to push the price down is getting weaker, and the dynamic support line is aimed at the north. It is likely that against the background of liquidity compression and the growth of price lows, the price is preparing for an impulsive growth. A potential rate hike by the US Federal Reserve in March 2022 has already been included in the price. For this reason, the euro may now begin an active recovery after rebounding from the support zone around 1.1310. It is supported by the key economic numbers coming from the US and the Eurozone, such as inflation expectations for the new year. The next target of EURUSD is a retest of the resistance level near 1.1375. According to Nomura analyst Jordan Rochester, it is expected that the euro will remain under pressure in the first quarter, telling DailyForex: “We expect the euro to remain under pressure in the first quarter with a lower trade surplus, stronger use of Covid-19 restrictions and higher interest rates from the Fed in raising rates in March. The risks in the view are that trade succeeds in the fourth quarter of 2021, and January tends to be the time when agreed deals break down.” The EUR/USD will need to get back above the 1.1500 level to have a chance to develop sustainable upside momentum in 2022.
Editors' picks
by Capitalcom
21
EUR/USD: C'mon, Do SomethingEUR/USD is now on week 7 of a small range that's built after a major spot of support came into play. The support emanates from two Fibonacci levels, one at 1187 and the other at 1212. The latter of those prices is the 61.8% retracement of the 'lifetime move' in EUR/USD. The pair came crashing into this zone ahead of the Thanksgiving holidays and that's what had helped to propel USD to fresh yearly highs. But the day after Thanksgiving, Black Friday, is when Omicron came into the equation and USD put in a strong drop as EUR/USD shorts began to cover. While many other markets soon started to shrug off that Omicron risk, the US Dollar and, in-turn, EUR/USD have both remained range-bound ever since. And that held through the December FOMC rate decision in which the bank opened the door to a possible 3 hikes in 2022. In EUR/USD, that range is only getting tighter and tighter. It's now looking like the pair may first need to pull back to clear out some stops before the longer-term bearish trend is ready for resumption. Short-term, an ascending triangle has formed with horizontal resistance around 1.1374 and an ascending trendline helping to set support. This is a topside breakout formation, and above price action is a zone of prior support running from 1.1448-1.1500. A bullish breakout to this zone could then possibly re-open the door for shorts, depending on how price action comes in. Notably U.S. inflation is on the calendar for next Wednesday and this could be an opportune time for traders to position around both USD and EUR/USD.
by JStanleyFX
3