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Eurodollar

Euro Slumps on Populist Surge: A Trader's Guide to Uncertainty The European political landscape has just thrown a curveball at the financial markets. A recent poll indicating a rise in populist and eurosceptic parties has sent shockwaves through the system, triggering a significant drop in the euro. This newfound uncertainty presents both risks and opportunities for traders, demanding a strategic shift in approach. The poll results paint a picture of a fractured Europe, with anxieties swirling about the future unity and stability of the European Union. Investors, understandably jittery, have reacted swiftly by pulling back on euro-denominated assets. This has resulted in a sharp decline in the euro's value against other major currencies. The coming days and weeks are likely to be marked by continued volatility in the eurozone, creating a complex environment for traders to navigate. Adaptability is paramount in this climate. With the potential for further political escalation, the euro's depreciation could accelerate. In such a scenario, shorting the euro – essentially betting on its decline – could be a viable strategy. However, this is a tactic that requires meticulous planning and precise timing. Traders must carefully weigh the risks involved against the profit potential. To make informed decisions, staying abreast of developments is crucial. Closely monitoring the political climate and key economic indicators that could influence the euro is essential. Real-time news updates, expert analysis, and access to reliable data sources are your weapons of choice in these turbulent waters. Additionally, implementing robust risk management techniques will be your safety net, protecting your investments from unforeseen market swings. The current situation presents a unique opportunity for astute traders. By evaluating existing positions, considering the potential benefits of shorting the euro, and formulating a well-defined strategy, you can transform these challenges into opportunities. While the path ahead may be unclear, adopting the right approach can empower you to thrive in this volatile market. By following these steps and leveraging our resources, you can transform uncertainty into an advantage and emerge from this market turbulence a winner.
Short
by bryandowningqln
EurUsd Breaks structure.. to 1.057 Monthly Level?Hello Traders. EurUsd has been ranging for the last 3 weeks ever since May CPI data. We attempted to break to the upside last monday but this resulted in a failed breakout and better than forecasted US Jobs data pulled USD down with strong momentum. Price retreated all the way to the bottom of the daily range on friday at 1.08 Daily support level. It appears this momentum has sustained itself as price gapped down over the weekend and we observed a further selloff during the first trading session of the week , moving another 25 pips. I do see some buying pressure off 1.07478 moving into London trading and to begin the week. Looking at the June Monthly candle, we are just pulling straight down thus far. Can we extend to the bottom of the Monthly range at 1.057? It seems likely the dollar will remain strong for some time given the strong labor market data and the Higher for Longer Interest rates concept. Safe trading.
Short
by ShrewdCatfx
EURUSD is Ready to Fall===>>RR=2.20EURUSD is moving in the Resistance zone($1.092-$1.087) . According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal . I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) . 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.
Short
by pejman_zwin
11
EUR/USD Daily Chart Analysis For Week of June 7, 2024Technical Analysis and Outlook: In this week's trading, the Eurodollar has completed our Inner Currency Rally of 1.091 and reverted sharply to our designated target of the Mean Sup 1.080. The currency is expected to continue its downward trajectory to Mean Sup 1.075 with a follow-up Dead-Cat rebound to the reverted resistance level of 1.080 (Previous Mean Sup). The ultimate target of the well-established completed Innet Currency Dip 1.060.
by TradeSelecter
EURUSD, short to bears accumulation zone 1.0768 - 1.0789Hi friend. Today sunday 08:00 UTC and EURUSD market closed. I analyse 1H timeframe and seen big bulls accumulation zone (green area). Between 1.0810 and 1.0870 market in agressive maner catching bulls and sold to them. But my opinion market do it very active .. and prcie will fall to bears acc area: 1.0768 - 1.0789.📉 Dont forget to support me. And have a nice trading week. 💪 Also remember that forex like another exchange tipes its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
Short
by JinFlark
EUR/USD Longs 1.08300I'm expecting the price to retrace back down to the 4-hour demand zone. Once it reaches this level, I'll wait for price accumulation to buy back up. If the price breaches this zone due to the Asian low underneath, I'll be more interested in the 6-hour demand zone right below, which looks more probable. I anticipate the price to rise and take out the pool of liquidity around the Asian high region. Once this liquidity is taken, I expect the price to slow down and enter the 11-hour supply zone, where we can look for potential selling opportunities. Confluences for EU Buys are as follows: - The Demand zone has caused a CHOCH to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro-trend trade. - In order for price to keep going up it must retrace and enter these key levels to trigger a rally. P.S. Since the price hasn't broken another level of structure as I expected, the 6-hour extreme looks more appealing to me. We'll see what the price decides to do on Monday. Have a great trading week and thanks for 1k followers!
Long
by Hassan_fx
1
EurUsd - Lower, 1.000 pips lowerHello Traders and Investors, today I will take a look at EurUsd . -------- Explanation of my video analysis: EurUsd has been trading in a descending channel formation for a very long period of time. At the moment EurUsd is once again retesting the upper resistance in confluence with a horizontal structure so there is simply a higher chance that we will see a continuation lower from here. This means that as stock traders - especially from Europe - we can continue to trade our U.S. stock position without worries. -------- Keep your long term vision, Philip (BasicTrading)
Short
by basictradingtv
5
Dollar Strength today but 1.08455 Bounce? EurUsd // Hello traders! EurUsd went down today which we were not expecting. We were anticipating more of an increase in price for a few reasons. 1) Monthly candle is bullish 2) Buy the rumor of cutting rates for the Eur on next weeks announcement 3) The weekly candle last week closed above weekly support level 1.08361. However, as always, we plan for both scenarios for our Intra-Day trading approach and so we actually suggested potential sells off 1.08845 .. the Daily Resistance Level! So we are not surprised to see that the market created a Daily high this week at this price level. We called out longs from the weekly level, 1.0867 , which played out very well for a continuation trade 1 hour after London open. The Daily Candle just closed a shooting star candle, rejecting the Daily Resistance zone, 1.08845. Thus far, the new daily candle has pulled down in line with this sell pressure. If you observe the last 4hr candle of the previous daily candle, this was the clue that the market provided us for this nice move down during Asian session. The weekly candle right now has no body and has a much larger top wick, denoting rejection to the upside. In the short term here I can observe a bounce from our strong 4hr level 1.08455. How will this level sustain, not sure. I like scalp buys the most with a 1hr confrimation candle rejection from the weekly level 1.08361. I also like sells from 1.08606 1hr level and our weekly level 1.0867. The other levels can very well be relevant and so we must remain flexible in our bias of the markets direction in our short term approach. Not Financial advice. Safe Trading.
Long
by ShrewdCatfx
EurUsd Higher on ECB Rates Cut Rumors 🗿Hello traders! EurUsd has wasted no time and is seeing some buying pressure to kick off the week. We are 31 pips from the previous weeks high price as the Eur is being bought ahead of next week's Interest rate announcement by the ECB. Apparently the central bank will be cutting rates and so the market is moving on a "Buy the Rumor and Sell the news " sort of flow. How far can we pull up ahead of next week's announcement? Well we are already up 31 pips.. and our next weekly resistance zone is at 1.09427, or about 63 Pips away. I cant see why not, on this buy the rumor sell the news kind of flow, that we could reach that price level. The monthly candle is bullish after all and we are rejecting the monthly support level . So 1.09427 is our weekly bullish target. For the Short term, I liken pullback scalp buys off 1.08672 or scalp sells off 1.08845 daily level and 1.08945 4hr zone. The Daily candle today closed bullish, in line with the previous Daily candle from Friday.. which was a solid bullish candle in of itself. In our previous analysis, we were biased towards sells but after what the ECB policymakers are saying and the price action so far this week, we must remain flexible in our approach. We did suggest some places to look for longs in our previous analysis and did indeed callout potential longs, in advance, from the daily low of today at 1.08420 1hr support zone. The link for that analysis will be below so go check it out. Otherwise, safe trading everyone!
Long
by ShrewdCatfx
Friday Optimism carries into Monday's trading? ♦️Hello Traders. Welcome back to another Analysis. Last Weekly candle closed down 20 Pips on EurUsd.. which was quite a different picture from the previous 5 weeks. Through the second half of April and throughout most of May we observed alot of optimism and observed a decent rise in EurUsd. This sentiment came to a halt last week as EurUsd pulled down during most of the week as the USD made some gains.. that was until Friday when most of the gains were given up to the Eur as price climbed it's way back up. The 50 pip move down on Thursday, with better than expected PMI numbers for the USD, was corrected in it's entirety on Friday. Now What? Price is in a tight range to begin the week between 1.08524 4hr zone and 1.0845 4hr zone. Well the monthly candle on EurUsd is still quite bullish. It is the End of the month and this last week could see some hectic volatility, so we must be cautious. Either the Monthly candle will keep pushing up or it will pull back and create a larger top wick. We do have a very nice clean traffic area on EurUsd if we can get below 1.0835. We can decrease underneath there for 20 pips at the least down to the 1.08147 Daily Level. Ranges to trade within look quite messy to me to the upside. My Bias to begin this week will be short and we have the weekly candle closure last week to back us up. This doesn't mean that a solid 1hr candle closure off 1.08413 couldn't suggest decent buy scalp opportunities. My bias to begin Monday's trading is a decrease to the Weekly support level 1.08358. Safe trading. Not Financial Advice but purely for General Informational and Educational purposes only.
Short
by ShrewdCatfx
EUR/USDMy plan for EU this week is similar to GU, but with a focus on the nearby supply zone. I will look for a temporary sell-to-buy setup, especially interested in the 3-hour supply zone. However, I will proceed with caution and wait for a distribution to occur within the POI before considering any sells. There is trendline liquidity above the supply, so I expect the zone might get breached to sweep the Asian high. Once price reaches the 11-hour supply zone, it will present a more favorable sell opportunity. If the price drops early, I will wait for it to reach the 10-hour demand. Confluences for EU Sells are as follows: - Price has changed character to the downside. - Price has left a clean 3hr supply that is sitting ontop of some liquidity. - Price left an imbalance below that needs to get filled. - Price has been very bullish and can do with a retracement back down. P.S. If the price reacts to the 3-hour supply, I will look to sell down to fill in some of the imbalance just above the 10-hour demand. At that area, I will shift my bias to buying, following a day trader approach. Have a great trading week ahead guys!
Short
by Hassan_fx
1
EUR/USD Daily Chart Analysis For Week of May 24, 2024Technical Analysis and Outlook: The Eurodollar bounced off last week's established Mean Resistance level of 1.089 and reached our specified lower target of the Mean Support level of 1.082. The likelihood of revisiting the Mean Resistance level of 1.089 and reaching the Inner Currency Rally level of 1.091 is slim. On the downside, the currency is prone to hit the Mean Support level of 1.081 and target a well-established price level of 1.075.
by TradeSelecter