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EURO-USD

EUR - BEARISHThe outlook for EUR remains tied to the EU's ability to overcome its coronavirus pandemic. At present, the outlook appears bleak, with many European countries entering third waves. Additionally, vaccinations remain frustratingly slow, a result of ongoing supply constraints and rising anti-vaccine attitudes. Amongst European countries of concern are its flagship, Germany, alongside France and Italy. Other notable countries of concern are Hungary, Poland and Sweden. For EUR's fundamental outlook to improve, it will need to overcome its ongoing vaccination frustrations and see a significant increase in the total number of citizens vaccinated. At the time of writing, just 15.07% of EU citizens have received at least one dose.
by thunderpips
2
Euro Head & Shoulders Almost at Target!Hey Traders in my last lesson I had mentioned a few weeks ago that the Euro could be forming a market top. Well as we can see I called the forecast correct which is a great feeling when it happens. It is also frustrating when it does not happen. But it seems the Dollar keeps getting stronger and I believe soon the Euro may reach it's profit target. I would continue to short any currency pair against the dollar right now. So keep shorting EUR/USD, AUD/USD, GBP/USD etc.... So lets dive in today and see how it all works. Trade Well, Clifford
Short
by TradeTheIndex
2
EURUSD Sell - M15 Timeframe, lets have it. ✌🙌Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
2
EURUSD - In Sells, tight one - lets see. Are you selling? 📉💥Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
2
How To Lose Money With CONFUSION (timeframe mixing) The issue for many new traders is understanding the correlation between timeframes. We often get caught up in indicators, news hype, chat room posts, and various other things. One of the biggest challenges I see when talking to new traders is simply the lack of "experience" in reading multiple timeframes. This causes confusion and even self-doubt. The issue with the internet being so vast is there is a lot of info - but what do you go with & why? In this post I have tried to "dumb it down" - the simple idea is to pick your timeframes based on your trading style. Now if work gets in the way and you need to trade end of day or even swing (Longer-term) then really, you shouldn't stress so much about a 15 minute candle. A lot can happen throughout the day. But on the opposite side of the spectrum, if you are sat in front of your screen every minute the market is open. (scalping) then trying to work out what the monthly is doing whilst you hold a trade for an hour is not going to affect your trade (in general). To give you a great example of this - I trade COT data as it's swing, with Monthly and weekly bias. I will have a mentee say something like "COT is a buy, but the price has dropped". Yes if you're looking at the 4-hour candle. If you think what institutional players can manage in terms of drawdown, especially using hedging techniques. It's far greater than the guy investing £5k of savings into Bitcoin. If a hedge fund buys Bitcoin at 45k and the price drops to 22.5k - the likelihood is they have a hedged position & will be buying it all back at fair value. Whereas Mr £5k has lost some sleep & half of his capital - bailed, only to see the price shoot back up above his original entry. You think of someone like Elon Musk - if his entry of a Billion Dollars was at 40k (example) and price drops to 20k, he has a paper loss of 500m for sure, it will hurt. But again if the Tesla share price drops from 800 to 700, he has a paper loss of (say 20 Billion) - a 500m loss on paper is less of a concern. *** You get the picture. Investors & traders know that things don't just moon! they have dips, impulsive moves and so on. So take the charts into account - You have an idea of what timeframes to pick based on your own personal availability or your style you have already identified. As a scalper it's easy to use 4 hour or even a 1 hour candle for your bias - a 15minute for a local area of interest & an entry on a 1m - 5m chart. (example only). If you trade swing trades (depending on the overall time & expectations) a weekly bias, a daily interest and a 4hour trigger could be what you look for. Here are some examples; In these examples - all I have done is used 1 tool. This is only to show the idea - If stochastic is up then I want to be Bullish, if down I'll consider Bearish moves. Keep in mind this could be anything from above/below a moving average, a key price level or a magnitude of other things. Even other tools like RSI for example. Example of step down The idea is this gives you a directional bias. Then we look at the area of interest. And finally - we want to look down on the next timeframe for the trigger (entry) Traders can easily get confused with one timeframe saying one thing and the next timeframe up or down saying something else. If you can treat it like a tick sheet, you can step down with confidence and work on a strategy favouring your directional bias & that's in confluence with the time period & your expectations. This really is an oversimplified breakdown. Just to give a general idea. Have a great week! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
10
EURUSD: Two Points to SELL From: Friday's structure breakout is a very important bearish clue. I am very bearish biased on EURUSD at the moment and look for shorting opportunities. Next week consider two areas: Resistance around 1.196 based on the previous low Resistance around 1.202 based on a local daily structure I will look for a retest of these areas and look for shorting opportunities from them. I will wait for the intraday confirmation before I open the order. Please, like this post and I will show the confirmation that I am looking for in my next idea on EURUSD .
Short
by VasilyTrader
3
EURUSD: Two Points to SELL From: Friday's structure breakout is a very important bearish clue . I am very bearish biased on EURUSD at the moment and look for shorting opportunities. Next week consider two areas: Resistance around 1.196 based on the previous low Resistance around 1.202 based on a local daily structure I will look for a retest of these areas and look for shorting opportunities from them. I will wait for the intraday confirmation before I open the order. Please, like this post and I will show the confirmation that I am looking for in my next idea on EURUSD.
Short
by VasilyTrader
13
Do you suffer from (Retail Sentiment)What is retail sentiment? Have you ever noticed on your broker site that it has a statement along the lines of "70%+ of retail traders lose money"??? This is directly related to retail sentiment - in short, institutional money make their money on others losing money in the online marketplace. Every forex trader will always have an opinion about the market. “It’s a bear market, everything is going to hell!” “Things are looking bright. I’m pretty bullish on the markets right now.” Regardless of the technical analysis or the news that comes out, traders often get it wrong. There's some simple logic to this, If you look into COT reports (Commitment of Traders) 🍪 see the last COT post if you're not familiar with COT. Well in addition to COT there is also a tool called sentiment - this info shows what traders are doing on global broker platforms such as IG index. In this current condition and at this precise time it has a mixed bag of; SPX 47% of retail are long - now you would assume with a long stock market it would correlate to a weaker DXY situation, yet retail are also 57% to the short side on EURUSD. Which makes very little sense. Now assume this is only a small minority on one platform like IG index. Well - with another look, you will see retail are currently; Long - USDJPY 67% (Long DXY) Short AUDUSD 63% (also long DXY) However, 76% long USDCAD - and then long Gold 83%. Do all the numbers match up? Knowing 70% or more of retail traders lose money - what would you say? Unfortunately, since the forex market is traded over-the-counter, it doesn’t have a centralized market. This means that the volume of each currency traded cannot be easily measured, but again this is where COT can be used in parallel to the sentiment. This might be 👽 to you right now. But it's a very powerful tool. On the COT side, you can see into the volume traded and will notice if brokers are net-long, institutional investors are often net-short. Buyers need sellers. It's as simple as that. IG sentiment can be found here - www.dailyfx.com Hope this helps someone. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Education
by Mayfair_Ventures
4
EUR/USD - Elliott wave pattern continuationThe EUR/USD exchange rate has been falling since the beginning of 2021. Previously we have mentioned the Elliott Wave pattern where the whole upward structure looks like a possible impulse wave since March 2020. What is more, above 1,2000, where the fifth wave may have ended the ECB were talking about a strong euro which could limit the upward movement. It seems that as a consequence of the mentioned above, the exchange rate has dropped below the key line drawn through the low of wave 2 and wave 4. In theory it could open a way to a potential target zone at 1,1700 - 1,1600 as wave A within ABC correction. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 76.44% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Daniel_Kostecki
1
What moves exchange rates, and what exchange rates moveHere is a list of what impacts the strength of a currency, as well as the impacts this strength has on the currency country(ies). Things are of course more subtle than a simple excel list binary check. For example, some inflation is not automatically bad, it can be the sign of a country economic growth, and as it gets bad the relationship is not linear, inflation slightly high will not scare many investors and industrials, but when it gets to a really bad high value investors flee at an exponential rate which exacerbates the currency devaluation further. Where the currency goes it is said depends on where "the big boys" want it to go, in particular central banks. Capitalist countries look to increase profits, Communist/socialist countries seem to also like manipulating their currency which they use for propaganda purposes, to increase their control, fulfill their goals, and to increase their competitiveness so they may improve the lives of "the workers". But the "big boys" do not have full control. Ask the BOJ, ask the BOE governor from the early 90s. Here is the example - without getting into the details - of a bad everything horror story (no you can not short it they have capital controls): Another example, after the initial "safe haven" rally of the USD in March 2020 following the stock market crash, the dollar went into a big downtrend against European currencies: And a final example, China, the biggest holder of usdollars, has been selling its bags (public information), and their economy did much better in 2020 than the US one, the price has been unsurprisingly trending for over half a year now:
Education
by MrRenev
3
$EURUSD - Sell below $1.20200 and here is whyHi guys! 👋🏻 🔔 The US vaccination plan and restrictions implemented resulted in a decrease of the new active cases. 🔔 Johnson and Johnson reported that their vaccine is 72% effective against moderate and severe disease in the US, and 57% in South Africa. In South Africa, 95% of cases in the trial were due to a variant known as B.1.351, which is known to be more contagious and carries mutations. 🔔 President Biden’s administration already signed a policy to lift the rate of vaccination among the US delivering more than 33 million shots. The European Union on the other hand is demonstrating a rather weaker approach to beating the Covid-19 spread, with Spain hitting new records of Covid-19 cases. 🔔 US GDP as per the final quarter of the last year, released on January 28, demonstrated a 4% growth, while the data from the EU, released yesterday, were rather unsettling. Europe's GDP (QoQ) is down 0.7% and (YoY) is down 5.1%. Despite the released positive PMI data and a rather positive Core CPI (YoY) s per January, Euro still looks weaker against the US Dollar. 🔔 Current support of $1.20200 is keeping the bears above it as it was a heavy resistance earlier, that means if this support is brokean we might see a greater correction of the pair. 🔔 The Non-farm Employment change which is going to be released today and tomorrow's Initial Jobless Claims will be significant for the USD, as the employment growth is the FED’s key metrics for the economic recovery. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott