EURUSD - 4H Buy opportunity EURUSD is close to a support zone and at the lower end of the descending channel, setting the stage for a potential significant rally, possibly reaching previous highs and nearing the channel's uptrend line.
Euro
EURUSD Will the Fed's unchanged rate pressure the pair more?The EURUSD pair is extending its downtrend within the 1-month Channel Down and basically this is a quick update to our most recent analysis (January 19, see chart below) on the 1D time-frame:
Following the Fed Rate Decision yesterday, which left it unchanged at 5.50% and made clear they are in no rush to cut rates, we think it would be helpful to look at the 4H time-frame again and identify additional trade opportunities.
Based on the comparison with the previous Bearish Leg (dotted Channel Down, July - September 2023) of the long-term Channel Down (blue), yesterday's rejection on the 4H MA50 (blue trend-line) puts the price action on a similar level as August 22 2023. This suggests that after this rejection is completed, we will get one final rebound that shouldn't break the 4H MA200 (orange trend-line) and which should be the final sell opportunity before testing the 1W MA200 (yellow trend-line) and the 0.786 Fibonacci retracement level.
Perhaps the ideal signal to enter this additional medium-term sell, would be when the 4H RSI turns overbought again at 70.00, similar to the August 30 (Lower) High. As you can see on the chart, our sell trading plan has Target 1 at 1.07500 and Target 2 at 1.06500 (1W MA200 contact).
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EURAUD: Classic Bullish Pattern 🇪🇺 🇦🇺
EURAUD has recently approached a key horizontal support.
After its test, the price broke and closed above a resistance line
of a bullish flag pattern on a 4H time frame.
We can anticipate a further growth on the pair.
Goals: 1.6565 / 1.6607
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EURUSD TO SELL TO 1.08330Same bearish pattern EURUSD formed last week is what is repeating itself this week, after a retest I am expecting a retrace to the 50EMA and the resistance zone and then sell to our 800EMA which is at 1.08330.
Euro can make small movement up and then start to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago made an upward impulse from the resistance level, which coincided with the seller zone to the resistance line of the pennant. After this, the price rebounded from the resistance line and started to decline inside the pennant, where in a short time it fell to the support line, thereby breaking the 1.0925 resistance level. Then, the price tried to back up and rose to the resistance line, but the EUR didn't fixed and soon bounced down to the buyer zone, thereby breaking finally resistance level. After this movement, the price started to trades inside the range, where in a short time price rose to the resistance level, and later turned around and declined lower support level, but recently it backed up to the range, making a fake breakout. At the moment, I think that the Euro can make a small movement up and then start to decline to the support level, which coincides with the bottom part of the range. So, that's why I set my target at the 1.0810 level. Please share this idea with your friends and click Boost 🚀
Raising Bullish target on the EURUSD to the 78.6% RetraceLast week I put out this TLT trade setup that showcased a Falling Wedge with Bullish Divergence at the 0.382 retrace which targeted an upside move in the TLT that would recover at least 50% of the high:
In the time since this setup first formed the TLT has nearly reached that minimum target. In addition to the TLT, I expected the EURUSD to follow a similar path, however, the EURO has remained mostly flat and has not moved up with the TLT which is kind of unusual.
It is possible that the EURUSD pair is waiting for the FOMC but in the meantime the Bullish patterns on the EURUSD have gone from just being an intraday pattern to now being a daily pattern, with the Daily candle now printing a Bullish Hammer above the 200-day SMA while also slightly diverging on the RSI. Due to this improvement on the higher timeframe, I have decided to raise the Bullish price target to the 0.786 retrace, aligning with $1.107 as it catches up with the falling US Bond Yields.
EUR/USD: Strategic Insights - Bullish Patterns - FOMCThe EUR/USD pair has embarked on the final day of January with a notable bullish impulse, setting the stage for potential market shifts during the London session. Wednesday's Asian session witnessed another test of the crucial 1.08000 support level, marking a strategic entry point. The price action suggests the emergence of a Double Bottom setup, with indicators such as a stochastic RSI divergence on the 4-hour chart within a bearish channel and a recent rebound off a daily dynamic trendline adding to the intrigue.
On the 1-hour timeframe chart, the Euro (EUR) has initiated a bullish move from the 61.8% Fibonacci area. This development potentially serves as a confirmation pattern aligning with our earlier double bottom thesis observed on the 4-hour timeframe.
Quasimodo Bullish Pattern ( Reversal )
However, as the market dynamics unfold, various factors are contributing to the pair's movements. The JOLTS report released on Tuesday indicated an unexpected increase in US job openings to 9.02 million in December. This unforeseen strength in the labor market may influence the Federal Reserve (Fed) to refrain from initiating interest rate cuts in the first quarter, lending support to the resilient US Dollar (USD). Geopolitical tensions in the Middle East and concerns about China's economic challenges are additional elements boosting the safe-haven appeal of the USD and exerting pressure on the EUR/USD pair.
Despite the prevailing headwinds, the recent dip in US Treasury bond yields might temper the enthusiasm of USD bulls, particularly with the highly-anticipated FOMC monetary policy decision looming on the horizon. Concurrently, uncertainty surrounding the European Central Bank's (ECB) potential interest rate adjustments could act as a tailwind for the Euro (EUR). This complex interplay of factors might curtail further depreciation of the EUR/USD pair, aligning with our optimistic outlook and anticipation of a bullish position on the Euro.
As we navigate the month-end market swings, traders are advised to remain vigilant, considering both global economic indicators and geopolitical events that could influence the currency pair's trajectory. The balance of these factors will likely shape the EUR/USD landscape in the coming sessions, making strategic positioning and risk management crucial for traders seeking opportunities in this dynamic forex market.
Our Idea:
Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
EURCHF SHORTING MOREJust as GBPCHF is similar to this, EURCHF is also expected to reach the 50Exponential moving average and is expected to short from there, also note the resistance zone that support this bearish move and the daily and weekly trend that also support this movement.
EURUSD: Can We Expect a Pullback?! 🇪🇺🇺🇸
EURUSD may retrace from a key daily structure support.
After its test, the price broke and closed above a resistance line
of a falling wedge pattern on a 4H time frame.
It feels like the price may bounce ahead of FED rate decision tonight.
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EURGBP H4 | Overhead resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.85450 which is a pullback resistance.
Stop loss is at 0.85800 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.85049 which is a swing-low support.
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EUR/USD:A Resilient Recovery Amidst Economic Data and Market...EUR/USD:A Resilient Recovery Amidst Economic Data and Market Sentiment Shifts
The EUR/USD pair demonstrated a commendable recovery, reclaiming lost ground on Monday as an improved market sentiment put pressure on the US Dollar. This resurgence was marked by a significant rejection at the 1.08000 level, coinciding with the 78.6% and 88.60% Fibonacci levels, signaling a potential shift in the prevailing bearish trend. The Stochastic RSI on the H4 timeframe contributed to this optimistic outlook by displaying a divergence.
Despite mixed European data, with Germany reporting a contraction in Q4 GDP, the overall Eurozone GDP surprised on the upside, posting a 0.1% increase from the previous year. Additionally, the Economic Sentiment Indicator for January met expectations at 96.2, while Consumer Confidence contracted to -16.1 during the same month.
Attention in the market is now turning towards key US data releases, with January's Consumer Confidence and JOLTS Job Openings report taking center stage. These figures are particularly relevant in the lead-up to the highly anticipated Nonfarm Payrolls (NFP) report scheduled for the following Friday. Concurrently, market participants eagerly await the Federal Reserve's monetary policy decision slated for Wednesday.
As the EUR/USD pair appears to find a new bullish impulse within the confines of a bearish channel, traders are anticipating an increase in value. The short-term target for this potential bullish movement is set at 1.1000 in the coming days, pending the outcome of critical economic data releases and the Fed's policy decision.
Our Idea:
Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
EURCAD - NEW BREAKOUT 📉Hello Traders !
On The Daily Time Frame,
The EURCAD Price Created a Rectangle Pattern.
The Support Level is Broken.
So, I Predict a Bearish Move📉
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TARGET: 1.43650🎯
EUR/USD Faces Pressure Amidst ECB Remarks and FOMC AnticipationEUR/USD Faces Pressure Amidst ECB Remarks and FOMC Anticipation
EUR/USD experienced a decline on the last Monday of the month, closing near the psychological level of 1.08000. The downward pressure was influenced by remarks from the European Central Bank (ECB) and the looming Federal Open Market Committee (FOMC) meeting. The breach of the dynamic trendline and a dip below the 61.8% Fibonacci level placed the price just beneath the 78.6%, within the range and approaching the 88.6%.
Technical Indicators:
Stochastic indicators signal oversold conditions, accompanied by a slight divergence. The potential policy shift hinted by the ECB has prompted a decline in the Euro, with market focus now shifting to the upcoming Fed decision. The recent strong economic growth and inflation in the US present a challenging decision for Powell and the Federal Reserve.
Market Dynamics:
Buyers are striving to maintain the exchange rate above the 1.0800 level in anticipation of Wednesday's FOMC decision. Despite a drop in US Treasury yields, USD bulls are not finding the push they need, resulting in the EUR/USD trading at 1.0809, down 0.39%.
Outlook:
The focus remains on buying opportunities for EUR/USD at a discounted exchange rate, anticipating a potential increase in value. Traders are advised to stay vigilant for market developments and the outcome of the FOMC decision, as it could significantly impact the direction of the currency pair.
Our preference
Long positions above 1.06700 with entry at 1.08000 and targets at 1.1000 & 1.1150 in extension.
Posible change off trend. Will we see a bearish movement?Eur/usd has been folowing a bullish trend channel. Last week it managed to break the channel and retested the channel multiple times. Priceaction confirmes a bearish flag pattern. Wich gives us more reasson a posible fall will come.
level 1.0828 is currently support for eur/usd. We can either see a direct fall from 1.0883 or a small bullish pullback to 1.09237 and from here a fall.
Posible bearish targets: 1.07904, 1,0753
Resistance: 1.0889, 1.0928, 1.09629
Support: 1.0827, 1.0789, 1.0757
HelenP. I Euro will make impulse up from support area to $1.0885Hi folks today I'm prepared for you Euro analytics. Some time ago price started to trades in consolidation, where EUR declined firstly to the resistance level, which coincided with the resistance zone with the bottom part. Then the price bounced from this level and rose to the trend line, which coincided with the top part of the consolidation and then started to fall. In a short time, the Euro declined to the support level, thereby exiting from consolidation and breaking the 1.0930 resistance level and later starting to trades near the 1.0850 level. After this, the price bounced from this level and rose to the resistance zone, but reaching this area, EUR at once turned around and made impulse down to the support zone, even lower. Later price made impulse up and rose to a resistance level, after which it in a short time fell back. But recently EUR rose to the trend line and at the moment it trades near the trend line. For my mind, Euro will decline to the support zone and then it make an impulse up to the 1.0885 level, thereby breaking the trend line. If you like my analytics you may support me with your like/comment ❤️
EUR-GBP Risky Short! Sell!
Hello,Traders!
EUR-GBP is making a
Pullback from the horizontal
Resistance of 0.8590
And I think that we
Will see a further move down
Sell!
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Check out other forecasts below too!
Rate-cut discussions are prematureThe ECB left its monetary policy unchanged, in line with expectations. The information available since the December meeting has largely confirmed the central bank’s assessment of the medium-term inflation outlook, leaving the Governing Council (GC) in a wait-and-see mode. ECB President Lagarde confirmed her Davos comments, hence indicating that she still expects the first rate cut to come in summer, but the market is not convinced, and dovish remarks here and there actually fueled meaningful rate-cut expectations already for the April meeting. While the
ECB’s GDP and CPI forecasts will likely be revised down in March, the GC seems absolutely determined to play it safe on inflation, and this will continue as long as the labor market holds up. I still expect the first rate cut in June, followed by a gradual reduction at a pace of 25bp per quarter towards a broadly neutral level of 2%.
Despite ongoing weakness in indicators of economic activity, the GC appears relatively relaxed about the growth outlook, largely thanks to ongoing resilience in the labor market. The statement mentions signs of recovery in some leading indicators, despite most of them still pointing to broad stagnation in GDP.
Did Ms. Lagarde want to signal that the GC is warming up to the idea of an “early” start to the easing cycle? Probably not. Her rhetoric was mainly aimed at strengthening the message that the ECB is data-dependent, as opposed to calendar-driven.
Euro can exit from wedge, make retest and continue to riseHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the resistance level, which coincided with the seller zone and declined until to 1.0725 points, thereby breaking the support level. But soon, the price turned around and made a strong upward impulse to the seller zone, breaking the 1.0820 support level one more time. After this, the Euro started to trades in a downward wedge, where later it made a correction from the seller zone to the support line. Then price bounced from this line and made an upward impulse to the resistance line of the wedge, breaking the 1.0980 resistance level, but in a short time, EUR bounced from this line and started to decline. Euro fell lower than the 1.0980 resistance level, breaking it again, and then some time traded near this level, after which the price declined lower. Price fell to the support line of the wedge, which coincided with the support level with the buyer zone, and then rebounded up to the resistance line. Now Euro trades near this line and in my mind, the Euro can decline a little more and then bounce up to the resistance line. Next, EUR will break this line, exiting from the wedge, make retest, and then it can continue to move up. So, that's why I set take profit at the 1.0930 level. Please share this idea with your friends and click Boost 🚀
🚀EURUSD is Ready to GO UP🚀🏃 EURUSD is moving near the 🟢 Support zone($1.0800-$1.0756) 🟢.
🌊According to the theory of Elliott waves , EURUSD seems to have completed its five downtrends .
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect EURUSD to rise at least to the end of wave 4 at the 🔴 Resistance zone($1.0916-$1.0880) 🔴 in the coming hours or the coming week .
Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Title: "EUR/USD Potential Buy Opportunity: Navigating Friday AftIn the aftermath of Thursday's significant market downturn, the EUR/USD pair is presenting a potential buying opportunity within the range of 1.08200 to 1.08300. As traders assess the recent market dynamics, Friday's trading session holds a unique position for those seeking strategic entry points.
Thursday's sharp decline may have been influenced by a variety of factors, such as economic data releases, geopolitical events, or broader market sentiment. The EUR/USD pair, reflecting the dynamics between the Eurozone and the United States, experienced notable fluctuations during this period.
The identified buy zone of 1.08200 to 1.08300 signifies a range where the currency pair has historically exhibited support, offering a compelling entry level for traders looking to capitalize on potential market reversals. Analyzing technical indicators, such as moving averages, support and resistance levels, and trend patterns, can provide additional insights into the strength of this buying zone.
It's crucial for traders to consider the implications of Friday's trading, especially given the typical volatility associated with the last day of the trading week. Friday often introduces unique challenges and opportunities as market participants adjust their positions before the weekend. Therefore, a comprehensive analysis of market conditions, economic news, and any potential catalysts is essential to making informed decisions.
Risk management remains a paramount consideration. Traders should set clear stop-loss levels and be prepared to reassess their positions based on real-time market developments. Additionally, monitoring global economic events and news releases during Friday's session is advised, as unexpected developments can impact currency movements.
In conclusion, the highlighted buy zone in the EUR/USD pair presents an intriguing opportunity for traders amid the aftermath of Thursday's market decline. Vigilance, thorough analysis, and a proactive approach to risk management will be instrumental in navigating the potential upsides and downsides during Friday's trading session.
EURO - Price can correct to support level and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price traded between $1.0950 resistance level, which coincided with resistance area.
After this, Euro little rise, after which it started to decline in falling channel, where soon price broke $1.0950 level.
Then price declined to support level, which coincided with support area, and started to trades near this level in channel.
Later Euro even declined below $1.0850 level to support line of channel, but soon turned around and rose to resistance line.
Price fell below $1.0850 again, but recently it rose back, and at the moment EUR trades near this level.
In my mind, Euro can make correction to this level and then bounce up to $1.0910 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD Analysis(➡️RR=2.00)🏃 EURUSD is moving in the 🔴 Resistance zone($1.0910-$1.0880) 🔴 and near the Downtrend line .
🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 4 at the 🔴 Resistance zone($1.0910-$1.0880) 🔴.
🔔I expect EURUSD to continue to Decline at least to the 🟢 Support zone($1.0800-$1.0756) 🟢.
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EURUSD
🔴Position: Short
✅Entry Point: 1.08877 USD (Stop Limit Order)
⛔️Stop Loss: 1.09380 USD
💰Take Profit:
🎯 1.08372 USD RR==1.00
🎯 1.07869 USD
Risk-To-Reward: 2.00
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
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Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD ( EUR Futures, M6E1! ) Daily Update .... BEARISH!Let me show you how I read market structure. I'll walk you through the analysis, and I will welcome your feedback.
I look forward to hearing from you!
May profits be upon you.
