Eurodollar
LONG EURUSD (Weekly Timeframe)EURUSD is possibly forming an uptrend correction phase with possible target to the upper down channel on the weekly timeframe to area 1.18-1.20.
Currently EURUSD is below the resistance area at level 1.08 and a break will confirm its next leg up movement.
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/20/2023)!!!Euro /U.S.Dollar was able to make a rising wedge pattern near the resistance zone.
Because of the previous bearish Sharpie move that is evident on the chart, I expect at least Euro /U.S.Dollar fall to the support zone.
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 1-hour Time frame ⏰.
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EUR/USD -16/03/2023-• Technical picture in favor of the bears
• 2 bearish patterns on daily chart
• First pattern is the broadening pattern highlighted in yellow
• Second pattern is head and shoulders highlighted in green
• 1.0500 support is very critical at the moment ( neckline of head and shoulders and previous pivot low )
• Yesterday's drop penetrated the 20 MA which is now acting as resistance
• Bulls need to overcome 1.0730 resistance to turn the trend in their favors
EUR/USD remains above multi-month uptrend lineEUR/USD
Despite that current price is above the multi-month uptrend line (September 2022 low - January 2023 high), current price remains vulnerable to the key support at 1.0525, the fact that price did pierce below the 1.0525 level yesterday does raise the risk that there could be another attempt for price to test the 1.0525 support. A clean break below the key support could trigger a further downside push towards 1.0440.
Bearing in mind that 1.0440 does intersect at 2 technical levels (see chart) which could build the case that 1.0440 has potential to become established as the next key support level provided the 1.0525 support fails to hold.
(a) The December 5th 2022 low at 1.0440 intersects on the prevailing upward trend line (see chart)
(b) The 26 week moving average also intersects at 1.0440 (see chart)
Conclusion: Provided price can hold above the multi-month trend line the prospects for the prevailing long term uptrend to continue remains.
EURUSD💥1H-TIMEFRAME ANALYSISEURUSD💥1H-TIMEFRAME ANALYSIS
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💵Euro/U.S.Dollar💵Analyze (Short Term, 03/10/2023)!!!Euro /U.S.Dollar reached the top of the descending channel for the third time while it sees the 🔴resistance zone($1.07220-$1.06850)🔴 above.
It also seems that the RSI indicator is forming an Expanding Triangle pattern in the 4-hour time frame.👇
I expect the EUR to break down to the 🟢support zone($1.050-$1.046)🟢(maybe more) based on my analysis of the DXY as well as the high points.👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰.
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Potential Fakeout on EURUSD at 1.074 Daily Zone 🤖 EU. Still favoring sells on Daily/Weekly timeframe. My bias will change if Daily/Weekly Closes solid above this zone 1.074. This is a Fakeout Setup Bearish. Trading off Daily Zone 1.074.
CPI Should've taken us Above 1.07371 Daily Level ?My expectations for EU Bulls and CPI data missed. Even though my bias is still Bearish on EU as long as we hold below 1.07371 on the 4hr, I Would've liked to see Bulls prove me wrong and take us up to the next 4hr level at (1.07625) This did not happen.
EURUSD 4H: 14/03/2023: CPI will affect... !
Well, you can see all the possible scenarios on the chart.
Personally, I see this chart as bearish.
Let's see.
💡Wait for the update!
🗓️14/03/2023
🔎 DYOR
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EUR/USD cautious before US CPI release - SHORT IDEAAfter reaching multi-week highs near 1.0750 earlier this week, the euro currency is losing momentum and pushing the EUR/USD pair back to the 1.0680/75 area. The recent moderate recovery in the greenback is contributing to the currency pair's correction, as well as concerns about the US banking sector and speculations about the Fed's upcoming decisions on interest rates.
EU Already up 90 Pips on week? beware of FOMO. After gapping up 40 Pips, then creating another leg up 50 pips Higher High to 1.07392 Daily Zone, I can see fomo kicking in. I think it's likely that
we will see a harsh liquidity pullback to 1.06895 Daily Zone before a further bullish continuation on the week ( which just began! ) Already moved up 90 pips..
quite a move for EU during the first session of the week. Short term at least looking for fakeout during London Open (1st of the week). CPI on Tuesday, We'll see how the first
few sessions of the week unfold here.
Key Levels to Watch for EURUSD Reversal SignalThe EURUSD has completed a double bottom pattern on the daily timeframe with a breakout above the neckline, indicating a shift towards a bullish trend. However, with every strong move and breakout, there is usually a corrective move to retest the broken level. I expect the price to retrace to either 1.06897, which is a previous support and neckline, 1.06601, which is the upper channel line that was breached, or even 1.06231, which is the confluence of the 50 and 100 moving averages on the 4-hour timeframe and the 200 moving average on the hourly timeframe, which the pair tends to return to after every extended move. From one of these three levels, we will wait for any reversal signal to enter a buying opportunity up to 1.0750
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EUR USD daily #EURUSD if we can break the 38% retracement on the daily view. i see this getting back to the 50%
currently stuck between the daily 50 MA and 200 MA
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/08/2023)!!!Euro/U.S.Dollar is running near the lower line of descending channel, support zone, and SMA100(Daily TF).
Also, Euro/U.S.Dollar was able to make a 🌅morning star candlestick pattern🌅.
I expect Euro/U.S.Dollar will go up at least until the middle line of descending channel
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 2-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.
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EURUSD Struggling 1.05860. Previous Key level. We can observe that price is pulling back after fed speech caused us to fall off a cliff. This was expected. A Bullish Argument would be buy Daily Support as we reject 1.05428 and NFP data tomorrow will catapult us back up to 1.0646. My bias remains bearish because of the weekly timeframe. Price has corrected 40% of the move on Tuesday. If that is a deep enough retracement or not idk. What matters for me as a trader is good RR Ideas and operating off key levels.
EURUSD TA Time!Short update:
Overall(short, mid or long term):
Very bearish ever since first publish in 2019. Unfortunately, I have been right ever since. I reckon my predictions wont deviate that much, since it's a macros term analysis.
You have to understand, the EU does a lot with USD in multiple different respects. Like export and import. So when Euro values goes down, inflation is the after effects. While our salaries stays the same. There will be less spending, which means less transactions. If this keeps economic collapse might be inevitible. I reckon the verge of collapsing will be somewhere before 2030...
Hmmm... where did we hear this before? "The Great Reset, 2030. Where you will own nothing and be happy."
EUR/USD:Has EUR/USD started to stop the decline and rebound?Fundamentally, the market believes that the probability of the ECB's terminal interest rate of 4.25% this year is 65%, while last week's terminal interest rate was only 4.00%.The European Central Bank's hawkish bets may help the euro limit its losses in the short term.
On the technical side, EUR/USD has rebounded since hitting a low near 1.0530 last week. It has now crossed above the short-term moving average, and technical indicators have also shown signs of a low turning point, indicating that there are some buying orders in this position.However, at present, EUR/USD is still subject to the resistance of the previous support level of 1.058. If this position can be broken through, buyers may show interest, so that the rebound and upward trend can continue, and EUR/USD may expand the rebound to the 1.063 position; according to the current market, the 1.053 position seems to have formed support, and the market will definitely be tested repeatedly in the future. If repeated tests determine that the support is effective, EUR/USD is expected to form a structural arc bottom, which is conducive to the rebound of EUR/USD and constitutes a new round of upward channels.
If you encounter resistance in the 1.058-1.063 area during the rebound process, you may continue to test the effectiveness of the support at the 1.053 position. Once the support is shown to be invalid, beware of the risk of a downward trend in the EUR/USD market.
Overall, EUR/USD is safe, try to short as high as possible, and it can be shorted at the position of 1.063.
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FX:EURUSD OANDA:EURUSD PEPPERSTONE:US500
Eurusd back to daily low 1.05290. Fakeout on 1Hr TFlooking for a continuation of momentum down to daily low 1.053. Higher time frame momentum on Daily/weekly. fed hawkish remarks causing everyone to flock into crowded dollar trade
EURUSD, Another setup for the bears.EURUSD / 4H
Hello traders, welcome back to another market breakdown.
Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.
The scenario I'm looking at:
test back to the broken trend line.
Trade safely,
Trader Leo.
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EURUSD - It's at a very important area!EURUSD - It's at a very important area!
EUR - We are currently at a very important support area of the range.
What's happening to the market fundamentally?
Yesterday we had a very Hawkish Powell, as I mentioned in my previous post we had the indication of 25 basis point but I did mention we could perhaps change to 50 well.. embedded that in and we had a hawkish upward revision upward revision to the 2024 Dot Plots and Fed Swaps Now Favours 50bp Hike In March Repricing Higher From 25bp as mentioned by Powell is not out of picture and being priced in. Now that's a very important information... We had 2 yrs escalate to 5%. The 2% target of inflation will be achievable and it is a global target. Even though we have a hawkish ECB, pricing in further hike. The dollar is having much more of a major movement overall.
We had Gold hit 1800 areas again re-test of the lows, yields head higher, Yen 137 area and euro at the most important EUR 1.05 areas a break of this level, 1.04 can easily be achieved. However, if we break above the highs, I expect us to go towards 1.09 areas... Currently, we are within the ranges of highs: 1.07480 & lows: 1.04900.
Don't forget we have a busy docket today: ADP, Fed Chair Powell Testifies, JOLTs...and end of this week NFP!
Have a great day ahead,
Trade Journal
Key tip: Don't forget Risk Management!
EURUSD Bears In Trouble? --> Monday London Close 1.0667What great Bullish momentum we have seen on this pair. However, like in all forms of life , their must be a balance. A rebalancing of inventory. Idk, we may see lower prices and respect of Higher time frame market strucutre
(i.e./Daily timeframes) We''ll see what happens. You never really know. Though, experience can clue you on what has a good probability of occurring.
EURUSD: The long power of the exchange rate is gatheringAs mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday.
On the fundamental side, more hawkish remarks made by several members of the European Central Bank (ECB) support the euro and support the reasons for increasing huge interest rate increases in the coming months; in addition, the generally positive tone around the stock market is considered to put pressure on the safe-haven dollar and provide additional support for EUR/USD.
On the technical side, the continued strength of the pair and its foothold above the convergence resistance level of 1.0645-1.0650 are conducive to the rise of the market.In addition, the oscillators of the daily chart have just begun to move in the positive area and support the prospect of additional gains.However, any further increase may face some resistance in the 38.2% Fibonacci retracement area of about 1.0725, followed by the 50% Fibonacci retracement area of about 1.0785 and the 1.0800 integer mark.Some follow-up buying will negate any recent negative tendencies and will continue to push up EUR/USD.
On the 4-hour chart, the exchange rate is currently falling under the suppression of the short-term moving average, and the short-term technical indicators are biased towards the air. However, in the short-term, I think this is a technical correction to the previous increase. It is conducive to the market to consolidate the bottom while accumulating kinetic energy, which is more conducive to the small-level market to rise, and below at the position of 1.0635 is the intersection of the middle Bollinger band and the 30-day moving average support, which has relatively strong support for the short-term market.
Taken together, today's EUR/USD short-term operation thinking can go long at 1.0635.
FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD CAPITALCOM:EURUSD
