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Eurodollar

[ USD ] Buy the Rumor ADP & Sell the News NFP ☎️ / EurusdWelcome back to another Video Analysis! 0:0 Monthly timeframe 0:58 Weekly timeframe 2:23 Daily timeframe 5:43 4hr timeframe 8:57 1hr timeframe The Weekly candle pulls back up to end the week with a Sell USD NFP news play after seeing Buy the rumor ADP estimated news! Or The Weekly candle continues it's trajectory despite missed USD manufacturing data that simply created a short term pullback. The Market can do whatever it wants and so flexibility is rewarded. Be like water, and refrain from being rigid in your approach. Be proactive and enter the market where you don't want to. Hold your winners because why would you settle for 4 when you can sit on yours hands and get 8. I see this in video games as well at times when players settle for alot less than they could've aquired. It's a shame to see and I always shake my head. Going to be tough to get ahead liked that. Anyways, looking for 1.098 and 1.10 with NFP in 7 hours. This is not to say that we may pullback to our extreme of structure and Daily support 1.09383. If Price is acting funny, we could drop back below Daily support and head towards the lows of the range at 1.092 and officially tap into 1.09 Weekly support level
Long
by ShrewdCatfx
3
Lower Prices of structure 🤔 / EurusdUSD strength appears persistent as we move into the 3rd daily candle of the week. Manufacturing data was released and was worse than expectations. Eurusd duly corrected up in favor of the EUR +16 pips initially before price climbed +45 pips through the daily candle transition. This is unusual for a move to occur like this during the 1st hour of trading during the new daily candle. Price climbed to within 4 pips of our weekly resistance level 1.1024. As spreads calmed down, Eurusd has only seen sell pressure correcting down in favor of our bear trend by 35 pips at this point 1.0983 currently. This is alot of volume during asian session and so I'm anticpating a wild upcoming london and NY sessions. We have ADP , estimated employment data tomorrow during NY which may act as a catalyst to drop back towards 1.09488. 1.0948 4hr zone is playing a key role this week and will likely ultimately determine our direction with NFP at the end of the week. It is important to note that price bounced from our daily support level today 1.09765. This bounce coincided with missed expectations USD manufacturing data. what a coincidence ! I like the engulfing candle that we observed during asian session and this sways me to favoring a continued range as we move into major employment data on Friday.
Long
by ShrewdCatfx
Momentum may carry 🎒us back to 1.0948Welcome back to another Eurusd Analysis! 0:0 Monthly timeframe 1:00 Weekly timeframe 4:32 4hr timeframe 5:47 1hr timeframe 7:15 Bias to begin the week We have two Bearish weekly candle's back to back as we failed in a great fashion to continue our bullish ascent. The weekly candle last week closed below 1.1024 which was our weekly support level. It is now characterized a as a weekly resistance and may facilatate a selloff back to 1.0975 Daily support which we created on friday and eventually 1.0948 1hr support zone. 1.0948 would also be a weekly wick fill with bearish momentum carried over from the previous week. Please leave feedback if you enjoyed. Have a great trading week.
Short
by ShrewdCatfx
Exploring the effect of Data Releases 🗺️/ Week 4 July 23'Hey Everyone! Skip to 9:31 for the most Detailed Work 0:0 Top Down Review starting with Monthly 1:48 Weekly timeframe 4:01 Daily timeframe 6:07 4Hr timeframe 9:31 1Hr timeframe and breakdown of price action and news releases Welcome back to another Video Analysis of Eurusd. I begin from a Top-down analysis perspective, before I explore the 8 most important news releases of the week, and their impact on price behavior. If you would like to see more Analysis like this please leave a rocket or comment below! See you in the next Analysis! -ShrewdCatFx
by ShrewdCatfx
2
Leftover Momentum to end the Week? 😶‍🌫️// EurusdCurrent Price 1.097 0:0 Monthly timeframe 1:36 Weekly timeframe 3:51 Daily timeframe 5:10 Bias for friday 6:14 4hr timeframe 10:15 1hr timeframe Hello Everyone welcome back to another analysis. Eurusd increased 30 pips against us before dropping 130 Pips in our favor today after we called out a short analysis prior to the last london session 24 hours ago. Quite the engulfing candle created today with expected and priced in EUR interest rates and 2 better than expected USD data points, GDP and Unemployment putting the nail in the coffin so to speak for USD bulls. Alot of momentum today and I'm antincipating some to be left over and continue on to friday. I'm thinking we can get a touch into the 1.09462 4hr support zone but unsure what'll occur after that. Inflation data may act as a catalsyt to keep dropping in favor of USD or we will see the Weekly candle pullback up and create a bottom wick as we close out the week. The latter implies a bullish NY session tomorrow to end the week.
Short
by ShrewdCatfx
Price is on a steep ascent? 🥀 EurusdWelcome back to another Eurusd Video Analysis 0:0 Monhtly timeframe 1:25 Weekly timeframe 3:10 Daily timeframe 6:02 4Hr tiemframe 6:53 1hr timeframe 10:00 Bias for the session I'm looking for a pullback with London Session. This is because we have seen that price created an aggressive 33 Pip push up with asian session and eurusd has pulled up early in the daily candle. We have clean traffic back down to 1.1078 on the 1hr timeframe. We have an additional clean range from 1.1078 to 1.1056. If price decides to continue it's ascent, we have a solid range in which we have already tapped into with asian session. This range extends from 1.11 1hr zone to 1.11359 4hr resistance zone. If we go Up I see us retesting 1.1078 anyways during NY session if we don't do it with London. The 4hr just failed to close above 1.11 prior to london session. We may go to retest 1.11178 daily high with Eur interest rates, we'll see.
Short
by ShrewdCatfx
2
Got a Pullback prior to Rates & Now looking up 🏦0:0 Monthly candle pullback 2:40 Daily timeframe 3:46 4hr timeframe 4:07 Downside targets if a fakeout of trend occurs 4:37 First target Longs with Rates 6:54 1Hr timeframe 7:38 Bias heading into interest rates Hello Traders welcome back to another Eurusd Video Analysis. Please leave some feedback if you enjoyed or not. Thanks for reading this far. I had been anticipating a pullback on Eurusd prior to interest rates and this is exactly what we can see. We have pulled back perfectly to our Weekly Support Zone 1.1024 and price was supported during New york session. Consumer confidence during NY was better than expected and USD was favored until we tapped into our much feared weekly level. Uncertainty always says anything can happen & so we are going to stick with what works best for us. Scalping and tight risk management, allowing the long-term edge to realize itself through a series of good trades. Buy Stops and Sell stops have been working really quite well for me in the past months and so I continue explore those setups with lowered risk.
Long
by ShrewdCatfx
New Week and can bears maintain? 🎑EurusdHi Welcome back traders 0:0 Alot of Fundamental news this week 1:01 Weekly Timeframe and Interest rates idea 4:09 Daily timeframe 7:17 Sells from 1.12318 Daily resistance zone last week 7:37 4hr Timeframe The previous weekly candle closed bearish with a larger top wick. The bottom wick printed only 15 pips and this may cause a concern for exhaustion. I'm anticipating a further pullback on eurusd as we head into interest rates for the dollar on wednesday. We technically still have bullish momentum and market strucutre on higher timeframes for Eurusd. I'm expecting Interest rates to be a catalyst for.. Eurusd upside momentum. In the meantime price may consolidate/range and even pullback a bit closer to our 1.1056 Daily Support zone.
Short
by ShrewdCatfx
2
Using Rationale to Ride news Volatility 🎢 +.5% 3rd Week JulyHello Traders! 0:0 Introduction/Weekly Fav Prices 1:25 Daily TF breakdown 5:24 1Hr Chart Fundamental news combined with Technicals 13:25 Quick 4hr TF details 14:00 Continued 1Hr Chart 18:25 trade 1 short 19:35 trade 2 short with unemployment news Welcome back to another video analysis. In this analysis, I detail how we could've used rationale to decipher the markets next moves and be a few steps ahead. Using rationale to breakdown the numbers of fundamental news releases and combining this with our favorite prices/key levels on the chart, we were able to create a great RR trade on Thursday. We could have jumped on the train sooner and there is always something to learn in the markets. Hope you enjoyed! Please leave a rocket or a comment if you liked this video analysis. See you in the next video!
by ShrewdCatfx
2
Review of Eurusd's Price Behavior, Fav Prices, & Looking ForwardIn this Multi-Timeframe Analysis Video ⬇️ 0:0 Monthly timeframe 1:08 Weekly timeframe 2:15 Daily timeframe 4:25 Bias for next trading day 4:46 4hr timeframe 7:08 1Hr timeframe I go through multiple timeframes breaking down what's occurred on EurUsd over the past day and what I'm looking for moving forward to unemployment claims tomorrow and ultimately Interest rates next week. I'm suspecting that we may continue to pullback bearish in favor of the USD or at best range on Eurusd as 4hr bear market structure is develpoing and the daily candle just closed below the previous 3 Daily lows. I am enjoying these videos and thus far it is being well received by the community.
Short
by ShrewdCatfx
2
Review of the July Breakout 📨 / EurusdIf time permits you, I have a longer video analysis here of the past Breakout on Eurusd. weekly tiemframe 1:45 Daily Timeframe 4:16 4hr timeframe 7:02 1hr timeframe & news events 9:47 In this Video I breakdown the July Breakout for Eurusd that has extended from 1.09 to 1.127. A 370 Pip move in approximately 1.5 weeks. Our key fundamental cpi release was a major catalyst for us to breakout of the range we've been in Since January of this year. The CPI was views as a risk on news release and the markets have responded in an optimistic way as the dollar is being sold off for more risk on assets like the Euro. We have momentum on the weekly and monthly timeframe here as so I'm bullish here. We do have interest rates next week and it is pssible we may continue to consolidate or even pullback just a bit prior to a Bullish Eurusd interest rates push towards 1.146 weekly resistance zone. We do have a few daily resistance zones to be aware of in the short term such as 1.137, 1.1324, and the current daily zone that we are rejected 1.1272. We rejected this zone with london price action and retail sales data earlier today. The Daily candle closed bearish with a large top wick. I'm not completely sold on taking sells though, no pun intended.
Long
by ShrewdCatfx
4
EUR/USD pair stalled going into EU inflation dataAfter surging close to 4% since early July off the back of a weakening USD, the EUR/USD pair has stabilised around $1.123. With very little volatility seen this week in the pair, eyes now turn to the euro, as the European inflation data is set to be released tonight. Analysts are predicting a continued downward trend in inflation, with a Year-on-Year forecast of 5.50%, which is below May’s figure of 6.1%. If the inflation data comes in above forecasts, we may see a further increase in the EUR as investors move towards the potentially higher yields. On the technical front, the tightening of Bollinger Bands on the 4-hour chart is something to watch. The lack of movement in the EUR/USD pair throughout this week has led to exceptionally tight Bollinger Bands, with levels not observed on this timeframe since 2021. When Bollinger Bands contract significantly, it typically signifies a period of low volatility and suggests that a breakout or significant price movement may be on the horizon. The Relative Strength Index (RSI) is also in overbought territory on multiple timeframes, including the daily. This might suggest there is room for a cool-off before a further continuation higher. However, with the European inflation data due tonight, the fundamental data might cancel out any technical signals.
Short
by Ryanboyd