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EURO-USD

EUR/USD:BUY From SUPPORT Waiting the The ISM Services PMI LONGEUR/USD in a strong bullish rally today open the market with a reversal on the previous support area where the price by the confluence with the presence of the 50 moving average plus the 38.2% FIBO level can find the right pullback to continue his rally. Risk appetite strengthened noticeably last week as investors grew confident that the Fed could curb inflation without plunging the U.S. economy into a deep recession. Fed Chairman Jerome Powell signaled Wednesday that the time to moderate the pace of rate hikes might come as soon as the next meeting in December. The PCE consumer spending price index and ISM manufacturing index, released Thursday, confirmed the Fed's success in controlling inflation. However, Friday's strong labor market report spoiled that favorable picture. Stocks in the U.S. and Europe went sharply negative on the release of the jobs data, U.S. Treasury 2-year note yields jumped 13 bps to 4.35%, and 10-year bond yields rose 9 bps to 3.6%. The dollar index, which fell to its lowest since June 28 at 104.37p before employment statistics were released today, bounced back above 105p. The ISM Services PMI today will be crucial to understand the scenario about EUR/USD
Long
by FOREXN1
12
EUR/USD:BUY From SUPPORT Area 61.8% FIBO For a LONG Setup EUR/USD in the last hours had a Pullback on the previous support area where the Confluence of the Support plus the dynamic trendline and the 61.8% FIBO Levels can be a good point for the price to continue its rally in the upper side of the chart. Today the ADP Non-Farm Employment Change and the JOLTS Job Openings with negative forecast for USD can help the price to grow in its favor. We are looking for a new Long impulse.
Long
by FOREXN1
18
EURUSD: Detailed Technical Outlook For Next Week 🇪🇺🇺🇸 Hey traders, EURUSD is approaching a key daily structure resistance again. Taking into consideration that the market is trading in a minor bullish trend since September, I believe that chances will be high to see a breakout attempt of that. If the price breaks and closes above the underlined resistance, it will push the market higher. Next goal will be 1.058. Alternatively, you can consider the underlined resistance for local shorting. Wait for a confirmation on lower time frames first though. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
11
EURUSD The road to recovery above 1.1000EURUSD was rejected last week on the 1D MA200 (orange line) and just below the 0.5 Fibonacci level. After the initial break above the Lower Highs Resistance of February 2022, it made the first bullish step for a long term recovery and established a new Higher Lows Support. The RSI is overbought so a pull back to gather momentum and buyers near the 1D MA50 (blue line) and the Higher Lows Support is technically plausible. If successful, we expect a Higher High on the 0.618 Fibonacci level and Higher Low on the 0.382 Fibonacci level before finally reaching 1.1000 just below the 0.786 Fibonacci level. If the pair manages to achieve the closing of a candle above the 1D MA200 first, then the recovery may be even more aggressive, targeting first the 0.618 Fibonacci then the 0.382 as a Higher Lows and eventually 1.1000. Which path do you think it will follow? Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
EURO Headed To Parity Again? Most Likely!Yes it seems the EURO is likely headed towards the parity mark and possibly lower shall the demand zone/support marked on the chart break . Well on 4H timeframe it has already broken, however with markets we need extra precaution, therefore the main criteria for this trade to be valid, we need the daily candle to close below the marked level as well. After this a short trade can be executed with a minimum risk to reward ratio of 1:1. Have a look at the main chart to observe the full technical picture behind this idea. Trade Safely & Cautiously.
Short
by FX618Analysis
EURUSD , mid week analysis Hi traders, I am very much excited to share my analysis of the EURUSD pair on the first week of November, I made this analysis after the FOMC meeting on 03 rd November 2022, EURO against the Dollar pair touches the 5 Weeks high on 27 th October at the closest price level of 1.1000, The bearish outlook continues right from the month’s end and it continues in the first week of November the first week is studded with heavy news releases around the globe, We did not see any change in the downward momentum even after FOMC releases, The dollar gains strength again with a 75 bps rate increase during the FOMC minutes, and Weekend also waiting for ISM Non-manufacturing PMI and NFP news release on Friday evening. Expected to see a further low and the price could travel down toward the 0.97000 zone, Technical analysis suggests that the coming days could be the good one for EURUSD, If the bulls take control on 0.97000, a Triple bottom pattern may form in EURUSD, which could push the price upwards, This analysis is only tentative not a confirmed one The last 45 days' movement clearly shows this pair respecting an upward channel and If we have a pattern confirmation too, then Bull may rage in this pair. Thank you traders for watching this The analysis only for Education purposes
by Akfx369
InvestMate|EUR/USD where the correction will end💶EUR/USD where the correction will end. 💶Following up on my last post in which I wrote about the trend reversal on the eur/usd pair to an uptrend 👇👇👇 💶After a beautiful breakout to 1.008 levels and above parity. 💶We have again dropped below parity and in this post we will look at where we can see the correction ending. 💶Looking at the price action, resistances and supports and the fibo measure, the most likely place where the correction could end is around 0.99- 0.986. 💶 This is a strong support zone and the 0.382 level of the entire uptrend. 💶If we are counting on the uptrend to continue I would watch what price does in this zone. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
EuroStepping ReupThe last EURO trade posted hit my SL, it happens from time to time. However in light of renewed USD strength because of persistent inflation i see EUR/USD continuing the downtrend. "Dollar strength remains the main hindrance to recovery in the pair, but the domestic picture is still far from looking appealing to investors. Despite a smaller-than-expected slump in the ZEW expectations index, the current situation survey plunged dramatically to -72.2 in October. These are levels last seen only in 2020 and 2009.” “The easing in gas prices is likely preventing new lows, but i think the next round of dollar appreciation will heavily test that support.”
Short
by xavierNF
1
EUR/USD Outlook (26 October 2022)The EURUSD surges higher from the support level of 0.9852, but with no clear fundamental driver. This move higher could be the front running and hawkish sentiment from the market that the ECB will increase rates by 75bps (and possibly even 100bps) With the price approaching the 1.00 (parity) level again, look for price action development to determine the next possible move. A break of the resistance level could see the EURUSD trade higher towards 1.020 (the next key resistance level). Whilst a rejection of the resistance level could see the EURUSD fall back toward the support level of 0.9850 (however this is an unlikely scenario, given the interest rate hike on the horizon for the ECB)
Long
by JinDao_Tai
1
EURUSD - The prospect of rate hike lifts the price of euroThe euro strengthens against the U.S. dollar as rumors have it that the ECB is mulling a 75 bps rate hike during its monetary meeting on 27th October 2022. Currently, EURUSD trades near the 0.9959 USD price tag. As a result of the upcoming ECB decision, we expect it to strengthen temporarily. Although at the moment, we have doubts the rate hike will have a lasting effect on the euro, especially since the FED is set to go through with its own rate hike next week. In addition to that, we expect the rate hike to weigh on the German economy and drag it lower over time. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
by Tradersweekly
10
EUR/USD: calm before the storm. Will history repeat itself? As it can be inferred from the DAILY (D) timeframe chart, the price is approaching the upper boundary of the descending channel that is illustrated on the graph. As we know, before an impulsive move happens, the price should go through a consolidation phase. This can be clearly observed taking a look at the historical price action. Thus, we are keeping a close eye on this pair and monitoring the development of the price before potentially going short and aiming for the lower boundary of the channel.
Short
by Investroy
12
EURUSD BUYS into Daily Supply LevelsEURUSD Price reacted beautifully to a 4H Supply Level during Asian/London (Sept 29). It reached my target of 0.9640 for Lower TF SELLs and reacted to this strong 4H Institutional candle. I believe we are now making the final push towards completing the Higher TF pullback and then we could look into bigger SELLS. At the moment I am looking at a quick re-visit of the 0.9690 where price created a clear level of demand on the 30m during NY Pre-Market , in order to jump into this move to the upside. Entry: 0.9694 Stops: 15 pips below Targets: 0.9785 0.9850 0.9900 Note: This is not trading advice or signals, please do your own analysis and manage your risk responsibly, these are just my ideas! Best of luck with your trading! Let me know your thoughts in the comments and where do you see EURUSD next!
Long
by adapenafigueroa
1
EURUSD Intraday Lower TF Pullback Move EURUSD: Price Blasted through 0.9600 during the first part of NY Session officially breaking structure on the 1H TF. Initially I anticipated a reaction somewhere around 0.9630-40 and a lower TF Pullback allowing to re-enter the bullish push with ideal entry at 0.9600. However price went straight to my Target 1 of 0.9750 almost immediately not giving a clear opportunity to re-enter (at least for my style of trading). As it reached my First Target, this is a level I have 4H Supply Zone which hasn't been visited prior, and was anticipating a SELL move to take place from here. I am currently on a SELL as I believe this to be the 1H Pullback I was waiting for this morning. Based on the Higher TF Price Action I could see the following scenario play out: Lower TF Downtrend (as a 1H Pullback) possibly down to the 0.9650 Level where we have the 50% of the big Institutional 4H Candle of the 1st half of NY. I would love to see Price back at 0.9600 to re-enter the Higher TF Pullback move up, but know this might be a long shot I know this could be a low probability setup based on how bullish price has been reacting today, however I accept and manage the risk. Entry: SELL at 0.9745 Stop: 0.9761 Target 1: 0.9650 Target 2: 0.9590 Note: Please remember this is not trading advice or signals for your trading; Do your Own Analysis and manage your risk responsibly! Best of luck on your trading. Let me know your thoughts on what you see EURUSD doing next!
by adapenafigueroa
4