EURO-USD
EUR/USD:Stays below 1.0900 after German IFO dataEUR/USD trades marginally lower on the day below 1.0900 as the cautious market mood helps the US Dollar holds its ground against its rivals. The IFO data from Germany showed that business sentiment improved modestly in January but failed to help the Euro.
German Economy Minister: No signs of marked recession
In the annual government economic report published on Wednesday, the German economy minister said that they do not see signs of a market recession as feared by many observers, as reported by Reuters.
The publication revealed that the Gross Domestic Product is forecast to expand by 0.2% in 2023 and inflation is expected to be 6% in 2023, compared to 7% in the autumn forecast
EUR/USD marches towards 1.0900 as Fed/ECB policy stance divergesThe Euro remains supported by ECB officials fighting speculation of a 25 bps hike. S&P Global Manufacturing and Services PMI surveys will likely be a reality check for the strength of the shared currency.
Bulls remain in control of the sentiment around the European currency and motivate EUR/USD to flirt once again with the 1.0900 neighborhood on Tuesday.
Following Monday’s marginal gains, EUR/USD picks up the extra pace and extends further the march north to the proximity of the 1.0900 mark on turnaround Tuesday. So far, the pair navigates the third consecutive week with gains after shedding ground at the very beginning of the new year.
In the meantime, hawkish ECB-speak as of late helped maintain the bullish price action in the pair, which gained more than 4 cents since monthly lows near 1.0480 recorded on January 6.
EUR/USD:RSI Divergence , possible retracement for the EUREUR/USD has lost its traction and pulled away from the multi-month it set above 1.0900 earlier in the day. Mixed comments from European Central Bank officials regarding the rating outlook and the cautious market mood seem to be limiting the Euro's upside for the time being.
We can see an RSI divergence on the chart, this may show a retracement of the price for today.
Double Top on EURUSDBreaking of a strong support and two price peaks shows strong confluence to double top pattern
EURUSD resistance broken or bull trap!!! updateHello guys, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. In the previous analysis we said has the potential to reach the target and this happened. For now you have to be very very careful and even consider a bull trap. If and only If the resistance base is broken and price stabilizes above that, you can enter buy position, otherwise it will be a bull trap .
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EUR/USD:SELL From Resistance Area For A SHORT Setup The optimism around the European currency remains well and sound and prompts EUR/USD to keep the trade in the upper end of the recent range near 1.0760 midweek. Today the EUR/USD is up for the fourth consecutive session, although further upside now appears somewhat contained amidst persistent prudence among traders in light of Thursday’s release of US inflation figures measured by the CPI for the month of December. The European currency is expected to closely follow dollar dynamics, the impact of the energy crisis on the region, and the Fed-ECB divergence. The increasing speculation of a potential recession in the bloc emerges as an important domestic headwind facing the euro in the short-term horizon.
Our Technical view shows the pair inside a ranging area with a Stochastic in an overbought area and the Stop loss at 1.0800
GOLDGold Gold has achieved the target of the double bottom pattern that it formed at the bottom
Now he has completed a negative harmonic model
I expect gold to reverse from current levels
But this requires watching a strong selling candle and then going short
Stop Loss 1893
The target is extended to 1773
EURUSD 03/01/2023EURUSD can short here on 15m timeframe as we reject 1.0588 level, look for bearish continuation.
EURJPY SHORTPrice is on a bearish continuation pattern and almost at the resistance zone, but notice that I want price to take out the highs of the week and then sell to 138.800
MERRY CHRISTMAS EU !4H Chart:
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The price has got into a significant supply zone. Our entry must be after trigger...
(Edited) EURUSD | Bullish SentimentS/R zone broken on monthly timeframe clears the way for bulls. This is a good long term play and good hedge against a devaluing US Dollar /strong Euro .
This is the exact same post as the related post but seems like the drawings didn't show up on the related post.
EURUSD Buy after breakout and fixation. UpdateHello guys, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. In the previous analysis we said that Price has the potential to break the zone, and the price has retested the zone and now you can manage your buy position until reach the target. On the other hand, If and only If the support base and trendline is broken, the sell signal will be activated to support zone.
Good luck.
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EUR/USD:SELL From Sideways Area Waiting US Economic Data SHORT ⚡EUR/USD is still inside a sideways area where the price can start a new bearish rally. In the daily timeframe, the price seems to make a double Top / Pullback after the raising of the last sessions, and Today the economic news, in detail, the Key events USA – GDP (QoQ) (Q3) and the USA – Initial Jobless Claims can give a new boost for the USD to recover the decline of the lasts sessions. We are Looking for a Bearish Setup for EUR.
EURUSD BREAKS BULISH FLAGFlag Breakout Has Already done retest In Process In case Of successful retest Expecting 200 to 220 pips Profit
Sma100 Has deeply tested Already Also Macd Crossover Confirming bulish move
Eurusd Bull after sell ideaI believe that once we take out the sell side liquidity we will go up and take buy side liquidity
EUR/USD:SELL From Bearish Channel For a New SHORT SetupEUR/USD is inside a bearish channel, after the progressive recovery of value in the last sessions, the price is struggling to grow more and a new bearish impulse it's ready to the corner for the EUR. Our forecast for the end of the year is about a comeback on the bearish side for this value.
EURUSD - Long- Strong rejection at support (previous resistance 1.05722)
- Bullish confluence among indicators and moving averages
- Following the current uptrend
- Flag pattern forming which as touched support - price has broke this structure
EUR/USD:SELL From Breakout Trendline and PMI Data <50 pt SHORTEUR/USD yesterday the positive news about the USD Unemployment Claims pushed the EUR downwards and today the price may continue to drop more after the breakout of the dynamic trendline to the 1.0500 value. Today the S&P Global Composite PMI shows a value below 50 points showing contractions of private sector manufacturing and services companies. Following the economic data plus the technical analysis scenario, we are looking for a new bearish impulse by the EUR.
EURUSD HELLO GUYS THIS MY IDEA 💡ABOUT EURUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
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EUR/USD:BUY Setup Waiting For FOMC News For A LONG Setup EUR/USD yesterday the price make new higher after the negative news about the USD. Crucial will be today the USD FOMC release news that can give another bullish impulse for the EURO against all the USD pairs. Our Forecast remains bullish for the EUR also today.
EUR/USD:BUY From 1.064 Level For A New LONG Setup EUR/USD take advantage after the bad news released yesterday for the USD with a strong bullish impulse as predicted. Today the Markets will have another strong shaking by the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bullish impulse for the EUR and a Bearish momentum for all the USD pairs and correlated. Technically the EUR/USD it's inside a Bullish trend and the price may take again advantage today continuing another bullish impulse.
Potential EURUSD SELL. On the Daily chart we have hit the new OB (Order Block). On the lower TF 1min we have found a BOS in this zone and a OB. Potential sell off on EURUSD.
Cant show you a better chart, because i have to do the analysis with my phone. Sorry for that.
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