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Eurodollar

EURUSD,🟢Is it also bullish? (Read the caprion) Well as you can see, the market structure is bullish now and the price had a deep retracement move to the extreme bullish order block. In addition, we can see the price created the liquidity above the order block that makes the demand zone more valuable. As a bullish target, we can define the liquidity above the equal highs as a first target and also we can expect the price to break the previous high. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
EUR/USD:Analyzing Impact of FOMC Decision and Powell's RemarksEUR/USD: Analyzing the Impact of FOMC Decision and Powell's Remarks The EUR/USD experienced a notable reversal following the Federal Open Market Committee (FOMC) release, as Chairman Jerome Powell's remarks influenced market sentiment. This article delves into the aftermath of the FOMC decision, the Eurozone's recent inflation data, and the upcoming economic indicators influencing the EUR/USD outlook. FOMC Decision and Powell's Remarks: The FOMC opted to keep interest rates unchanged, aligning with widespread expectations. Powell's press conference introduced a cautious tone, emphasizing the need for "greater confidence" in inflation reaching the 2% target before considering rate cuts. While a March rate cut is not the base case, Powell's comments triggered increased demand for the US Dollar and impacted Wall Street. EUR/USD Technical Analysis: Despite the initial bearish impulse, the EUR/USD found support around the 1.08000 level. The subsequent bullish candle indicates an attempt to recover lost ground. A long-term bullish forecast is maintained on the H4 timeframe, emphasizing the potential resilience of the Euro against the US Dollar. Eurozone Inflation Data: The Eurozone's preliminary estimate of the January Harmonized Index of Consumer Prices (HICP) showed an annual rise of 2.8%, in line with expectations. The core annualized reading, although slightly easing to 3.3%, remained above the anticipated 3.2%. This data provides insights into the inflationary pressures within the Eurozone. US Economic Indicators: In the United States, the January Challenger Job Cuts revealed a significant increase, with employers announcing 82,307 cuts compared to December's 34,817. Later releases, including Initial Jobless Claims, Q4 Unit Labor Costs and Nonfarm Productivity, and the January ISM Manufacturing PMI, will be closely watched for their impact on the labor market and overall economic health. Upcoming Nonfarm Payrolls (NFP) Report: As employment-related figures take center stage, the market awaits Friday's NFP report. These indicators contribute to the broader understanding of the US labor market and could influence the trajectory of the EUR/USD pair. Conclusion: The EUR/USD's response to the FOMC decision and Powell's comments reflects the intricate dynamics between major central bank policies. With a focus on upcoming economic indicators, including the critical NFP report, traders will navigate evolving market conditions and potential shifts in the currency pair's trajectory.
Long
by FOREXN1
1
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.
Long
by FOREXN1
1
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.
Long
by FOREXN1
2
🚀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.
Long
by pejman_zwin
1
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) 🟢. -------------------------------------------------------------------------------- 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.⚠️ -------------------------------------------------------------------------------- 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.
Short
by pejman_zwin
3
EUR/USD Awaits ECB Meeting Amidst Shifting Market DynamicsEUR/USD Awaits ECB Meeting Amidst Shifting Market Dynamics The EUR/USD pair is registering modest gains, hovering near the 1.0900 area in the early European trading session on Monday. All eyes are on the European Central Bank's (ECB) upcoming January monetary policy meeting, scheduled for Thursday. As of the latest update, EUR/USD is trading at 1.0897, reflecting a 0.03% increase for the day. Technical Analysis: From a technical standpoint, the price experienced a rebound around the 1.08500 support area, coinciding with the 61.8% Fibonacci level and the Dynamic trendline. These factors contribute to the pair's attempt to gather new bullish momentum for a sustained upward movement. Shifting Market Sentiment: Market sentiment has witnessed a shift as doubts grow regarding the likelihood of a Federal Reserve (Fed) interest rate cut in March. Last week's positive US economic data, including Retail Sales and the Consumer Sentiment Index, have contributed to this change. According to the CME FedWatch Tool, the probability of a rate cut in March has decreased to 49.3%, down from 81% just a week ago. ECB's Cautious Stance: In contrast, the European Central Bank (ECB) Governing Council members are exercising caution against prematurely easing financial conditions. The January policy meeting on Thursday is not expected to bring any policy changes. Traders will be keenly watching ECB President Christine Lagarde's post-meeting speech for indications on potential rate cuts this year. Investors anticipate a gradual approach by the ECB, with interest rate cuts likely in the spring, driven by sustained progress towards the 2% inflation target. Upcoming Events: The ECB's monetary policy decision is scheduled for Thursday, and no policy changes are anticipated. Additionally, Thursday will see the release of the US preliminary Gross Domestic Product Annualized (Q4). On Friday, the Commerce Department will unveil the December reading on the Personal Consumption Expenditures Price Index (PCE), a key inflation gauge for the Fed. Conclusion: As the EUR/USD pair maintains a bullish stance, the spotlight is on the ECB meeting and evolving market dynamics. Technical indicators suggest a potential upside, but external factors, including the Fed's stance and US economic data, contribute to the complex currency landscape. Traders should stay attentive to central bank communications and economic releases for a comprehensive understanding of the pair's future movements. Our preference Long positions above 1.07700 with targets at 1.10170 & 1.1140 in extension.
Long
by FOREXN1
1
EUR/USD: Navigating Market Volatility Post-US CPI ReleaseEUR/USD: Navigating Market Volatility Post-US CPI Release After experiencing a notable Pump and Dump scenario on Thursday following the US Consumer Price Index (CPI) release, the EUR/USD has managed to reposition itself for growth. The US Dollar (USD) faces challenges in finding demand, and as of the current moment, the price is trading at 1.09585. Market Volatility and Inflation Figures: Thursday's market witnessed heightened volatility as mixed inflation figures from the US took center stage. The US Bureau of Labor Statistics (BLS) reported a 3.4% year-on-year increase in the Consumer Price Index (CPI) for December. This followed the 3.1% surge in November and surpassed market expectations of 3.2%. The Core CPI, excluding volatile food and energy prices, rose 0.3% on a monthly basis, aligning with analysts' estimates. Surprisingly, these inflation figures did not significantly alter market expectations regarding the Federal Reserve (Fed) policy outlook. The CME FedWatch Tool indicates a consistent probability of around 70% for a 25 basis points rate reduction in March. Producer Price Index (PPI) Outlook: Looking ahead, the Producer Price Index (PPI) is anticipated to rise by 1.3% in December on a yearly basis, up from the 0.9% recorded in November. A smaller-than-forecast increase may challenge the USD's stability leading into the weekend. However, a print at or above 1.5% could revive concerns over stronger producer inflation, potentially impacting the Fed's ability to control consumer inflation and influencing the EUR/USD. Forecast for EUR/USD: Our forecast for the EUR/USD remains bullish. The price is well-supported by the 200 Moving Average and the dynamic trendline of the bullish channel. Additionally, the Stochastic indicator is outside the oversold area, providing further evidence in favor of a potential bullish impulse. Our preference Long positions above 1.0770 with targets at 1.1140 & 1.1200 in extension.
Long
by FOREXN1
1
💹 EURUSD next week prevision 💹It could go down to points of 1.08773. If it brakes this floor it could go to areas of 1.08102. If it fails to brake the minimum of 1.08773, it could enter an uptrend to look for movement 3 of the Elliot wave until 1.10016 minimum (100% fibo point of the previous inverse wave), being able to continue rising until the point 1.1039. (127% fibo point), to continue with a retracement of the elliot wave movement 4 to the point 1.09087 (23.6% fibo point) and then go looking for the movement 5. If it goes down enough to break the point from C, we would have new B (1) and new C (2). You have to wait for confirmations by looking at corresponding indicators.
by Jordi_MM1
EUR/USD Daily Chart Analysis For Week of Jan 5, 2024Technical Analysis and Outlook: The Eurodollar has experienced significant price fluctuations throughout this week's trading session. It has fallen below our Mean Support level of 1.100, indicating a potential decline towards the established Mean Support of 1.075. It is highly probable that the Eurodollar will retest the Mean Resistance level of 1.098. The current violent movement of the Eurodollar around our crucial Mean Support of 1.090 and Mean Resistance of 1.098 is a clear indication of the same.
by TradeSelecter
EUR/USD Eyes 1.1200: Technical Momentum Fueled by Dovish Fed ExpEUR/USD Eyes 1.1200: Technical Momentum Fueled by Dovish Fed Expectations In a striking ascent, the EUR/USD pair is surging towards the major resistance at the 1.1150 level, signaling a bullish momentum that aims to breach the psychological threshold of 1.1200. The Euro (EUR) maintains its winning streak, gaining ground against the subdued US Dollar (USD). This favorable trend is largely attributed to the anticipated dovish stance of the US Federal Reserve (Fed) concerning the future trajectory of interest rates. Dovish Fed Expectations: Building on our previous analysis, the EUR's upward trajectory appears to be continuing, supported by a combination of factors. The market sentiment is influenced by the expectation that the Federal Reserve (Fed) may adopt a dovish stance on interest rates in the coming year. With US yields trending lower and market participants anticipating rate cuts, the US Dollar faces headwinds. Concurrently, equity prices remain near recent highs, contributing to the sustained pressure on the US Dollar, particularly in the context of holiday-thinned trading. Upcoming Data and Holiday Impact: Amid the holiday season, Wednesday saw no significant reports, setting the stage for Thursday's focus on the US weekly Jobless Claims. Additionally, attention will be directed towards Spain's preliminary inflation figures for December, set to be released on Friday. Looking Ahead: As the year 2023 draws to a close, the calm waters in the market continue to weigh on the US Dollar, offering further support to the EUR/USD pair's upward momentum. However, as markets transition back to normal functioning in the upcoming week, the focus will shift to crucial US employment data. The outcome of these economic indicators could potentially shape the currency landscape as the new year unfolds. The EUR/USD pair's bullish trajectory towards 1.1200 is a testament to the prevailing market sentiment, driven by expectations of a dovish Federal Reserve. As the year concludes, the subdued US Dollar faces challenges, with the EUR maintaining its winning streak. Traders and investors will closely monitor upcoming economic data and the return to normal market conditions in the new year, as they seek to navigate the evolving dynamics of the currency markets. Our preference Long positions above 1.09500 with targets at 1.1150 & 1.1200 in extension.
Long
by FOREXN1
5
EUR/USD Daily Chart Analysis For Week of Dec 22, 2023Technical Analysis and Outlook: The Eurodollar has shown significant price movements throughout this week's trading session by surpassing our previously achieved Inner Currency Rally level of 1.099 and its corresponding resistance at the same price point. The current price action suggests that the Eurodollar will likely continue to climb, with the target level set at Inner Currency Rally 1.109. However, it is essential to stay alert to the ever-changing dynamics of the Eurodollar market, as the price action may experience a drawdown.
by TradeSelecter
EUR/USD: A Steady Rise Amidst Global Market DynamicsEUR/USD's Bullish Momentum: A Steady Rise Amidst Global Market Dynamics The EUR/USD currency pair recently experienced a surge in its value, reaching close to the significant 1.1000 mark before encountering a slight retracement. This move comes after a rebound from the 38.2% Fibonacci level, confirming our earlier forecast of a renewed bullish impulse. As of the latest update, the pair is currently trading around the 1.09560 area, demonstrating a positive trend. The backdrop for this ascent includes a favorable opening in Wall Street and decreasing US Treasury bond yields. Despite the release of better-than-expected Housing Starts data, the USD struggled to find traction, reflecting the impact of global market dynamics on currency valuations. An additional factor influencing recent market movements is the soft inflation data from the UK, reigniting expectations for a potential Bank of England rate cut in the first half of the upcoming year. This development led to significant losses for the Pound Sterling against other major currencies. While the USD did absorb some capital outflows, the Euro stood out as an attractive option for investors, leading to EUR/GBP achieving a fresh three-week high above 0.8650. Looking ahead, the scheduled speech by the Chicago Federal Reserve (Fed) President in the latter part of the day could introduce further dynamics to the currency markets. Maintaining our bullish bias, we anticipate a continuation of the positive trend, especially considering the supportive factors in the global financial landscape. The pair's recent retracement could be viewed as a temporary pause before another potential climb towards our targeted levels. Investors will be keenly observing further market developments and central bank actions to gauge the future trajectory of EUR/USD. Our preference Long positions above 1.0800 with targets at 1.1010 & 1.1150 in extension. Our previous Entry / Idea :
Long
by FOREXN1
1
🗺️EURUSD Roadmap🗺️🏃 EURUSD is moving near the 🔴 Heavy Resistance zone($1.11850-$1.0980) 🔴,the Resistance lines . 🌊According to Elliott wave theory , EURUSD is completing Corrective Waves in the 1-hour time frame. 🌊The structure of correction waves is Zigzag(ABC/5-3-5) type. 🔔I expect EURUSD to start falling to 🎯 Target 🎯, 🟢 Support zone($1.0800-$1.0756) 🟢 and Uptrend line . 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
5
EURUSD Pair Projections for Q1, Q2, and Q3 2024Financial Analysis: EURUSD Pair Projections for Q1, Q2, and Q3 2024 Disclaimer : This analysis is based on the information available as of the provided date and is subject to change. It should not be considered as financial advice. Readers are encouraged to conduct their own research before making investment decisions. Ifo Report and Current Business Climate The recent Ifo report reflects a clouded sentiment in the German business landscape, with companies expressing dissatisfaction with their current business situations and heightened skepticism regarding the first half of 2024. Notably: Manufacturing The Business Climate Index in manufacturing witnessed a noticeable decline, with companies perceiving their current business situation as significantly worse. Expectations in the manufacturing sector grew more pessimistic, particularly affecting energy-intensive industries. Service Sector The service sector experienced a slight improvement in the business climate, driven by increased satisfaction with current business situations. Service providers displayed reduced skepticism about the outlook for the next six months, although expectations in restaurants and catering saw a nosedive. Trade The trade sector suffered a setback, as companies assessed their current situations as notably worse. Holiday trade for retailers, in particular, disappointed. Construction The Business Climate Index in construction hit its lowest level since September 2005, with companies reporting a worsened current situation. Approximately half of the companies anticipate further deterioration in the months ahead. Projections for EURUSD in Q1, Q2, and Q3 The Ifo report's insights into the German business sentiment set the stage for assessing the FX:EURUSD pair's projections: Q1: Sluggish Momentum The current scenario suggests a sluggish start for EURUSD in Q1. The clouded business sentiment in Germany may contribute to a sideways market, marked by cautious trading. Q2: Anticipating Improvement As Q2 unfolds, there is an expectation of an improvement in the financial situation in Europe. Despite the challenging Q1, signs of stabilization and potential positive developments could influence a more favorable outlook for the EURUSD pair. Q3: Inverse Head & Shoulders Pattern An analysis of the larger fractal, specifically the Inverse Head & Shoulders pattern forming in the EURUSD pair, points towards robust bullish momentum. This projection aligns with a potential turnaround by the end of Q2 and the beginning of Q3, indicating a shift towards a more positive market sentiment. Conclusion In conclusion, the EURUSD pair is likely to face challenges in the early part of 2024, reflecting the clouded sentiment in the German business landscape. However, signs of improvement are anticipated in Q2, with the formation of an Inverse Head & Shoulders pattern suggesting a strong bullish momentum in the currency pair by the end of Q2 and the beginning of Q3. Traders and investors should closely monitor economic indicators, global events, and the evolving business climate for timely decision-making in the dynamic forex market.
Long
by wikitrades