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Euro-dollar

EUR/USD remains pinned around the 1.1900 mark... (New target)EUR/USD remains pinned around the 1.1900 mark (1.1884-1916 range), awaiting further direction/influence, with the softer-than-expected ZEW prompting some modest unstained downticks. However look at the prior swings in correlation to the Fibonacci movements, we should expect some downside action over the next few weeks. Again, a choppy session thus far within a relatively tight 92.092-302 range for the dollar despite US yields earnings higher as participants remain on standby for the US CPI print later today with the M/M forecast at 0.5% and the Y/Y at 2.4%. Analysts at ING argue that such an outcome could add to the narrative that US inflation is starting to overheat.
Short
by FTUKcom
4
EUR/USD 1.1900 upside complete...Before: The Greenback has been mixed against major peers for the most part and the DXY rangebound between 92.500-000 parameters on the wide, awaiting further direction from FOMC minutes or remaining Fed speakers. However, the index is looking more prone to a downside break having failed to extend gains over 21 and 200 DMAs (92.304 and 92.380 respectively) or resist the challenge posed by the Euro and Franc. Eur/Usd derived impetus from the aforementioned Eur/Gbp strength more than EZ PMIs and even comments from ECB’s Knot alluding to PEPP tapering from Q3 assuming the economy develops along base scenario lines, but gathered pace after overcoming resistance in the form of the 200 DMA (1.1889) before absorbing heavy offers ahead of 1.1900.
by FTUKcom
4
Euro attempts to keep afloat of 1.1800...Bucking the overall trend, as the Euro attempts to keep afloat of 1.1800 vs the Greenback. However, news that between 51.7-61% of the population in Germany, France and Italy may have been vaccinated by the end of H1 may also be helping the single currency resist Buck advances. The Dollar is on a firmer footing vs most G10 and EM counterparts having lost momentum over the Easter break against the backdrop of buoyant risk sentiment in wake of a stellar US jobs report and non-manufacturing ISM that hit an all time high. DXY may also have benefited from the fact that 92.500 held and contained declines within a 92.527-790 range ahead of Redbook weekly updates and JOLTS.
Long
by FTUKcom
3
EUR/ USD (Euro Dollar) Here on the most traded and watched pair in the world the Euro/ Dollar. I am currently looking to go long on a minor retrace on this pair from this bullish bat pattern. We need the pattern to complete by touching the yellow line. We will also need to have some other confirmation signals out there on the oscillators too. Sorry for not going into it any deeper I am behind on some school work and I am also getting back into the 4H time frame trading gonna slowly get down to the 1H again. I am also in the process in making a few courses as well that covers harmonic trading along with a myriad of other topics. When the courses go live I will upgrade my TradingView package to Premium and advertise them on my TradingView.
Long
by ARegularGuy
2
Dollar will lose its value against the EuroCup and handle formation EUR/USD. We are having a backtest and strong support zone on 1.15 zone. Stoch RSI is at lowest point on the weekly chart. We do also have a 50-200MA bull cross which will bring us to 1.32 levels (cup and handle target). When the Covid-19 is over and people start spending, Money is going to flow and we will see high inflation. Not only the Dollar but the Euro will also lose its value against real money (Gold/Silver) because of the money printing. This is not an investment advice.
Long
by kacarm
BREAKOUT ON EURAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price broke from its DESCENDING CHANNEL and also did a RETEST. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes
1
EUR/USD down through 1.1750 towards 1.1730 at one stage...Prior chart: Technically we are moving lower as expected. The Dollar index has finally attained 93.000+ status and is still bid between 92.882-93.176 parameters alongside US Treasury yields that have risen to new cycle highs along certain parts of the curve, but the DXY may have derived sufficient momentum to breach the psychological mark regardless given bullish month end factors, like the strong rebalancing buy signal vs the Yen, or further depreciation in the Euro on 3rd wave pandemic concerns. Eur/Usd down through 1.1750 towards 1.1730 at one stage, leaving little in the way of support from a technical perspective before 110.50 and 1.1700 respectively. Ahead, US consumer confidence and a couple of Fed speakers, as Quarles and Williams orate as neutrals and current FOMC voters.
Short
by FTUKcom
7
EURUSD – 1.16 by end of Q2 & 1.14 by year-end – BarclaysBarclays discussed its outlook for USD in a recent note to clients, maintaining a bullish bias and targeting EURUSD at 1.16 by the end of Q2 and 1.14 by year-end. Barclays explains: The USD remains king of the beasts… The dollar offers the best of both worlds: G10-leading growth that bests all but a handful of EM, and a recent track record as the best-performing safe haven. On its eponymous smile, it seems to simultaneous reside at both ends at once, like Schrodingers cat in two simultaneous states, as markets bounce between radical post-COVID uncertainty and ebullience on surging US data. Amid a bond market selloff that challenges the relative safety of duration, this gives the USD an attraction in global portfolios that is unmatched as a hedge on equity risk. Yet, after years of appreciation, the USD remains overvalued, although down from last year’s risk-driven surge. Hence, we expect the dollar’s Schrodinger’s cat grin to keep it buoyant at elevated levels, but not lead to significant appreciation.
by thunderpips
PMI beats have helped the Euro retain hold of the 1.1800 handle.PMI beats have helped the Euro retain hold of the 1.1800 handle against the Buck. Possible movements down into 1.17090 are now likely,. The Dollar remains upwardly mobile amidst deteriorating risk sentiment on latest waves of the coronavirus that are forcing many countries to roll-back reopening plans and some to re-enter lockdown or tighten restrictions. However, the DXY has encountered some resistance in chart terms beyond 92.500 and its prior 2021 peak around the 200 DMA (92.604) alongside resilience in the Euro and Pound belatedly following significantly better than expected preliminary PMIs from France, Germany, the bloc as a whole and UK even though the EZ readings could all be downgraded in the final reckoning given fresh pandemic outbreaks since the cut-off point for compiling the flash surveys. Hence, the index has drifted down from best levels within a 92.608-338 band awaiting US durable goods data and Markit’s initial March PMIs before another bunch of Fed speakers and a double helping of supply.
Short
by FTUKcom
8
EUR: Current Sentiment DriversLatest Developments: March 22 – Spain’s coronavirus cases increased to 3,228,803 (+4,420) while Italian cases increased to 3,400,851 (+13,820) and French cases increased to 4,298,395 (+15,792). March 17 – Final HICP for February remained unchanged from January at 0.9% Y/Y; although, Core HICP was confirmed at 1.1%, compared to January’s 1.4%. March 11 – At their March meeting, the ECB kept all three key rated unchanged as expected, and although the size of PEPP and APP remain unchanged, the ECB stated that purchases under PEPP in the next quarter are to be conducted at a significantly higher pace. March 9 – Revised GDP for Q4 printed at -0.7% Q/Q and -4.9% Y/Y compared to -0.6% Q/Q and -5.0% Y/Y for the flash estimates. February 1 – Europe’s Unemployment Rate for December remained unchanged at 8.3%. Future Sentiments Shifts: EUR’s outlook remains highly dependant on the coronavirus outbreak and Europe’s economic outlook. Concerns over Europe’s coronavirus outlook have risen since late last year, with many countries now suffering second waves and re implementing lockdowns. Although countries appear better equipped compared to their initial outbreaks, Europe’s coronavirus outlook poses significant downside risks to their economies. Additionally, although the EU is rolling out a vaccine programme, it has faced several obstacles and widespread criticism. All in all, while coronavirus concerns remain high in Europe, risks for EUR will be to the downside, especially when compared to the currencies of countries that are managing their outbreaks and vaccine rollouts more effectively. Primary Drivers: European Central Bank – Europe’s monetary policy outlook remains key to EUR’s fundamental outlook. EUR is likely to be supported when the ECB holds a hawkish stance and begin tightening policy, but come under pressure when the central bank holds a dovish stance and is expected to ease policy. Month End Flows – During the last few trading days of every month, EUR is usually influenced by month end flows as banks and institutions rebalance their books and settle transactions. Although not always the case, more often than not, month end flows tend to be EUR positive especially against GBP. USD –EURUSD is the most traded currency pair in the world, making up 24% of daily forex trades according to the Bank of International Settlements (BIS). As such, movements in USD often influence EUR, with EUR weakening when USD strengthens and EUR strengthening when USD weakens.
by thunderpips
2