Eurodollar
SHORT EURUSDEURUSD is still in its downtrend channel on the weekly and monthly timeframes.
On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a triple top at smaller scale was formed and retested, which all possibly confirms its downtrend continuation with a break of area 1.04 to 1.03 and later to its previous low 0.95 and into the lower of the downtrend channel at 0.90.
Previous ideas:
Monthly timeframe
Weekly timeframe
EUR/USD Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Make no doubt that the Eurodollar has jubilantly bounced above our Inner Currency Rally of 1.070 with an eye on the ensuing Key Res 1.075 and Inner Currency Rally of 1.077. The upcoming pivotal reversal will likely take us down to Mean Sup 1.056 and Key Sup 1.047.
Eur/Usd Pair Chart 2023/2024My pattern in Eur/Usd for next #5 months,
The euro faces the Federal Reserve interest rate decision later today. EUR/USD reversed its direction and closed in negative territory below 1.0600 on Tuesday after rising to a fresh weekly high above 1.0670. The Federal Reserve's (Fed) policy announcements later in the day could trigger the next big action in the pair.
EURO VS U.S. DOLLAR. TO LOW, OR NOT TO LOW. THIS IS THE QUESTIONThis publication is for Euro against U.S. dollar, and quick and simple as well as all other publications by @Pandorra
2023 is about the end, so let's take a look on technical perspectives for FX:EURUSD .
The main graph is EURUSD semi-annual 6-month chart (yes, they also exist on TradingView, as well as quarterly 3-month charts and annual 12-month charts).
EURUSD is being concentrated on multi year floor, with lowest levels at semi-annual close around 1.05 (actual again in this time).
Well, recently being inspired with finding NASDAQ:TLT multi year floor, I guess that breaking down the 1.05 floor in EURUSD can turn the price much and much lower.
Maybe to 1.6 Euro for 1 U.S. Dollar somewhere in mid or late 2020s, or early 2030s.
Patience.. Patience.. and once again Patience..
The Time will show.
EURUSD, short in near time.Hi friends 👋. A long time not writing about EURUSD pair and about Forex at all. So there's a situation when we have advantage of bulls waiting for closing - sell their positions. 📉 To be more correctly 60K contracts waiting for sell. Downward we have some support levels but my opinion price can going down to 1.0575. Follow me.
EUR/USD Daily Chart Analysis For Week of Oct 20, 2023Technical Analysis and Outlook:
This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
EURUSD working with liquidityHello trader! A good setup has formed. There's a chance that before we hit yesterday's liquidity from below, we'll go up and take off two fairly high liquidities. Don't forget to set the stop-loss below the order block.
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1.054 Weekly Level ⛏️ EurUsd EU may once again bounce off our 1.054 weekly level and increase 50-100 pips. We have a large range to fill to the left hand side up to 1.062 Daily level. This is take profit 1 for Eu Longs. Take profit 2 would be 1.064.
For Sell Scenario we are looking at a bearish weekly target 1 is 1.05 and the second Take profit area is 1.047 Daily level.
Potential Trading Opportunity: Euro Poised to Fall Parity with tAs you may be aware, the euro has been facing considerable pressure against the US dollar, and there is a growing possibility that it may soon reach parity or even dip below it.
Given the caution warranted in volatile markets, this idea aims to present a valuable opportunity for traders who are willing to navigate the risks involved. If you have been following the fluctuations in the foreign exchange market closely, now might be the time to consider shorting the euro against the dollar.
By observing the weakening Eurozone economic indicators, mounting concerns about the European Central Bank's monetary policy, and the resurgent strength of the US economy, it is becoming increasingly apparent that the downward trend in the euro's value is likely to continue.
For those traders with a cautious approach looking to capitalize on this downward movement, shorting the euro can potentially yield impressive returns. However, it is of utmost importance to approach this opportunity with careful consideration and ensure that you have undertaken thorough analysis of the market variables.
I strongly encourage you to perform research, including technical and fundamental analysis, before making any trading decisions. As a professional trader, I trust that you understand the importance of incorporating risk management strategies and setting clear profit targets.
EurUsd retraces 📎 / CPI Data as catalystEurusd retraced 100 Pips today with Infaltion data as the catalyst for a continuation of higher timeframe momentum.
How Surprised can we be of a move to the downside with the Weekly/Monthly timeframes doing just that for the last 3 months.
The news release was stronger than what was expected for the USD. Inflation is increasing at a faster rate than expected. Let's buy the USD as a safe haven given these uncertain and troubled times..
Technicals : Large Bearish candle just printed on the Daily timeframe. The next Daily candle will likely have a bottom wick and is why it is still reasonable to look for a continuation play. That said, with the anticipated London session volume, we may expect a pullback to 1.054 weekly level or 1.056 before observng more bearish movement on Eurusd
EURUSD will Attack to Downtrend line⏰(4-Hour)⏰🚀🏃EURUSD is moving in the 🟢Support zone🟢, and Regular Divergence(RD+) is seen between two consecutive valleys.
🌊In terms of Elliott waves , EURUSD seems to have completed the Zigzag correction(ABC/5-3-5 ).
🔔I expect EURUSD to rise to at least the Downtrend line after breaking the Resistance line .
Euro/U.S.Dollar Analyze ( NZDUSD ), 4-hour Time frame ⏰.
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🧠Short-Term EURUSD Sentiment🔥
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc.
German industrial orders came in lower than forecast in the latest monthly report, underscoring the challenges manufacturers continue to face from high energy costs and supply chain disruptions. Additionally, French GDP growth slowed more than anticipated in Q3, raising concerns that the second largest Eurozone economy may be slowing.
Comments from ECB officials at regional central bank conferences this week reiterated the bank's commitment to further tightening of monetary policy in the coming months. However, they maintained a cautious stance, stressing that future rate decisions will depend heavily on incoming economic data. This leaves the policy path somewhat uncertain compared to the more hawkish Fed.
In contrast, US jobless claims came in above expectations last week, pointing to underlying resilience in the labor market. This boosted views that the Federal Reserve remains on track to deliver another supersized 75 basis point rate hike at its November meeting. Fed speakers struck a firm tone that inflation must be cooled through forceful rate actions.
Looking at Eurusd technicals, downside momentum has held above 1.0300 for now. However, near-term rallies continue facing resistance below 1.0500 on cautious short-term sentiment. The outlook could brighten if upcoming Eurozone data surprises higher or there are signs inflation is moderating more quickly than expected. But for now, traders appear to favor positioning for dollar strength on a short-term basis.
Technical key aspects of the short term trend and best entry/exit strategy based on the analysis provided in the TradingView charts:
- The short term trend of EURUSD across the timeframes analyzed (weekly to 4H) remains bearish. Price action has been declining within descending resistance lines and channels.
- Best entry for short trades was suggested to be after a bounce from resistance levels or pullbacks from oversold/oversold levels on indicators like the BB bands. This reduces risk of entering at highs.
- Given volatility in currency pairs, optimal stop loss placement would be above recent swing highs or structural resistance levels, around 20-30 pips above entry to limit downside risk.
- Initial profit targets were identified as lower support levels, around 50-100 pips below entry. This provides a favorable risk-reward ratio of at least 1:2.
- Additional extended profit targets aligned with longer term analysis include monthly or weekly demand zones and support levels offered by structural patterns like descending channels over 100-200 pips lower.
- Traders are advised to exit parts of their position at initial targets and move stops to breakeven on the rest, as well as trail stops closer as the trade moves in their favor, to lock in profits and limit risks of unexpected reversals.
EUR/USD Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The Eurodollar has tested the Outer Currency Dip of 1.050 multiple times. It has risen during this week's trading session, as our EUR/USD Daily Chart Analysis for the Week of September 29 indicated: For the upcoming week, the up target is Mean Res 1.062, and on the downside the Mean Sup 1.050 and completed Outer Currency Dip of 1.050.
SasanSeifi 💁♂️EUR/USD ⏩1.056 / 1.058 Hey there! As you can see, in the 4-hour timeframe, after a decline, the price has shown a positive response from the $1.044 range, and it's currently trading around the $1.053 range. Based on the candlestick patterns, my expectation is that the price may continue to move positively toward the resistance levels at $1.056 / $1.058 with some positive fluctuations. Afterward, upon completing the pullback process, we might observe a price correction.
In the case of positive fluctuations, to gain a better understanding of the continuation of the price trend, we should closely monitor how the price reacts to the resistance levels.
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NFP Surprises USD B____s ? ⁉️🚀 NFP .. NFP pulling back prior to NFP. If we don't reach my 1.05750 bullish target prior to NFP then we are going up with NFP. Different kind of Analysis today. I only updated my zones instead of doing a fresh top-down analysis
0:0 Previous price action
0:58 Higher timeframes
4:04 Bias for NFP
EurUsd Strong as ever after botched ADP data ⚖️Solid Daily candle closure after not great ADP data.
0:0 Monthly timeframe
3:05 weekly timeframe
4:50 Daily timeframe
8:16 4hr timeframe
11:45 1hr timeframe
Not surprised.. Also not surprised to asian session move back to the highs from NY session earlier today. These are signs of bullish strength for EurUsd. We just recieved a solid 4hr candle lose with Asian session. Market structure filled to bullish with NY along with the Daily closure. We still have NFP data but it's in 32 hours. We may observe an increase prior to NFP and that's what I'm looking for on EU.
Few key level's we have here
1.0575 Daily level
1.0543 weekly level
1.0527 4hr level
1.05023 4hr level
1.0491 1hr level
1.04608 Daily level