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Euro-dollar

EUR/USD No directionEUR/USD No direction Last week, the EUR/USD pair showed little movement in either direction, remaining relatively flat. This period of stagnation is reflective of several underlying factors affecting the currency market. Let’s delve into the key elements influencing the EUR/USD pair at this juncture. Technical Analysis From a technical perspective, the EUR/USD pair is under downward pressure. Various technical indicators are signaling potential declines, which is corroborated by the Commitments of Traders (COT) data. The COT report shows that 51.23% of fund positions are short, indicating a bearish sentiment among institutional traders. Retail Sentiment Retail investors, on the other hand, hold 55% of their positions long, suggesting a moderately optimistic outlook from the individual investor segment. This divergence in sentiment between institutional and retail investors often points to upcoming volatility, as differing expectations could lead to sharp movements when one group decides to realign with the other. Seasonal Factors Seasonally, we are in an interesting period. The first week of July is typically weak for the EUR/USD pair, but historical trends suggest that the rest of the month tends to be more favorable, with potential for upward movement. This pattern provides a mixed outlook for traders who may be trying to balance short-term caution with medium-term optimism. Geopolitical Uncertainty Adding to the uncertainty is the political situation in Europe, particularly in France. The first round of early parliamentary elections has resulted in a victory for the right-wing National Rally, yet the final outcome will not be determined until next week. This ongoing political uncertainty is likely to weigh on the euro, contributing to the pair's subdued performance. Macroeconomic Events Several key macroeconomic events in the upcoming week could significantly impact the EUR/USD pair: Tuesday: Federal Reserve Chair Jerome Powell is scheduled to speak. Recent statements from Fed officials suggest Powell may adopt a hawkish stance. Wednesday: The release of the ISM Services PMI for June and the FOMC Minutes. These reports will provide insights into the economic outlook and future monetary policy directions. Friday: The Non-Farm Payrolls data will be eagerly watched by the market. The results could influence short-term economic expectations and future decisions by the Federal Reserve. Additionally, preliminary inflation data from the European Union will be released on Tuesday, which could further impact the euro's performance. The EUR/USD pair is currently in a state of flux, with various factors pulling it in different directions. The lack of significant movement last week suggests that traders are waiting for clearer signals from both technical indicators and upcoming macroeconomic events. The political uncertainty in France adds another layer of complexity to the situation. Given the current landscape, it seems unlikely that we will see major fireworks from the EUR/USD pair in the immediate future. However, as the month progresses and more data becomes available, we may gain a clearer picture of the direction this pair is likely to take. Investors should stay vigilant and be prepared for potential volatility as these events unfold. Feel free to comment and share your opinions on the future of the EUR/USD.
by InvestMate
8
EURUSD: Your Support & Resistance Levels For Next Week 🇪🇺🇺🇸 Here is my latest structure analysis and important key levels to focus on EURUSD next week. Resistance 1: 1.0880 - 1.0896 area Resistance 2: 1.0921 - 1.0942 area Resistance 3: 1.0947 - 1.0982 area Support 1: 1.0788 - 1.0800 area Support 2: 1.0723 - 1.0748 area Support 3: 1.0649 - 1.0666 area Support 4: 1.0600 - 1.0619 area Consider these structure for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
EURUSD - Long Term and Short Term Top Down AnalysisHey guys! Here is a top down analysis on the EURUSD pair. I see a great deal of bullishness currently, but i am convinced this bullishness is to take prices into the 4 hour zone sitting a few pips above the 1 hour liquidity target. If that happens, I will expect to see prices begin to u turn bearish and head in the direction of the 4 hour and daily liquidity for a start, and eventually go all the way down to the monthly and weekly liquidity point. On the whole, the market is sort bullish, up through the current 1 hour liquidity target and through to the 4 hour zone, from where we will expect to see the bears take over the market. This is the most likely perspective on direction with regards to market and price movement on this pair.
by PanzyPips
Eur/Usd Ready to massive sell 155 pips!!Based on previous post i talked about how eurusd has broken. the head and shoulder neckline and price is now retresting the neckline has resistance, still the interest rate is neutral which mean dollar will gain liquidity cause of the interest rate differential so we see price respecting the 31.8% fib level which is also in confluence with the POC level of activity volume NOTE; The only thing you have to worry about is NFP news later tomorrow and some news today. make sure you put stop loss and manage your risk. there is small probably it can do a fake out! Follow me for more breakdown
Short
by ShinForex1
Bullish or Bearish...? Multi Time Frame Analysis Hey guys! Over the past 2 weeks, we have seen the EURUSD pair go deep down. The beautiful part is that it played out well according to our analysis and prediction. So let's try again. This time, we see this pair switch like a flipped coin from a long bearish to a steep bullish climb. Will this be the end of the bearishness, and are the Bulls to resume taking prices higher? Or is this just one of those usual bullish pullbacks within a larger timeframe Bearish swing? Watch this short Multi Time Frame Analysis to find out. Please share your thoughts on this pair's price movement. Dont forget to Boost and to share with other traders
Short
by PanzyPips
2
Xau/UsdHello traders! As we can see, the couple entered the channel scheme. All we have to do now is to wait for the confirmation to sell. I think that the max level is 2255.00. We have 2 versions: The first version is for the pair to go down directly to the quote where it is. The second version is for the price to reach the level of 2255.00 and then to fall. Patience is the key. Target 1950.00. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
OANDA:XAUUSDShort
by THP-Forex-Academy
Lower Prices Expected on the EURUSDOn the Weekly chart, we witnessed a few months back how price soared into the Weekly reversal zone. Since its entry into that zone, the market turned bearish and we took on a bearish perspective for this pair. Since then, we have seen this pair continue to melt bearish. Price is expected to dip all the way down to our Weekly liquidity level at 1.04469, and beyond. Upon attaining that level, prices is expected to witness a major bullish pullback into the bearishi swing. On the smaller timeframes of the Daily down to the 1 hour, we will look to spot our trends that align with the higher timeframe perspective. This is the best way to trade, to avoid being caught up in a reversal or unclear market conditions.
Short
by PanzyPips