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EUR/USD Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook: The Eurodollar has experienced persistent bearish sentiment during this week's trading session, demonstrating insufficient strength to initiate any interim rebound. The prevailing selling pressure has lowered the Eurodollar to our Mean Support level of 1.079. A temporary rebound led to the reversal of the previously established Inner Currency Dip at 1.083, which currently stands as Mean Res 1.083 and might serve as the Interim Rebound's first stage. The Euro appears poised for further decline, potentially reaching the inner currency dip of 1.075, which remains notably significant and triggers second stage Interin Rebound to Mean Sup 1.078.
by TradeSelecter
EUR/USD Sells to continue from 1.08300 or 1.08500EU Analysis Breakdown: My bias for EU aligns closely with GU, anticipating a continued bearish trend as long as the DXY remains bullish. I’ve marked out two supply zones and will wait for either to be mitigated, followed by my lower time frame execution model involving Wyckoff principles. Once I spot a Wyckoff distribution pattern, liquidity sweep, and CHOCH, I’ll initiate a sell position to keep with the downward trend. If price reaches the 9-hour demand zone at 1.07500, I’ll assess potential buy opportunities there. Confluences for EU Sells: - Strong bullish momentum in the DXY supports a downward bias for EU. - EU’s consistent bearish structure aligns with this trend-following approach. - An untouched supply zone provides a key area for potential sell entries. - Significant downside liquidity offers additional targets. P.S. Price could alternatively rise due to the liquidity above the supply zone, particularly around Asia session highs. Trade safely and stay smart out there!
Short
by Hassan_fx
EUR/USD Finally Finds Some Support, But Can it Build a Bounce?EUR/USD Talking Points The strength from Q3 has been mostly erased so far in Q4, with a fast sell-off developing in EUR/USD. In late-September the pair continued to grind away at the 1.1200 handle but not even a month later the pair has dropped by more than four big figures. Support showed up at the 1.0761 level looked at on Tuesday. The big question now is whether that can lead to some profit taking from sellers, which could build a bounce and that can remain of interest for bears looking for lower-highs. EUR/USD has now traded lower for 15 of the past 20 days. An amazing trend by any stretch but perhaps even more so when compared to the strength that showed in the pair during the first two months of Q3. While that prior bullish trend put in a month of grind at the 1.1200 level, eventually failing, the bear move that’s come in response has been fast and heavy. There’s been only a minimum of pullback so far and any excuse for sellers to continue pushing has so far contributed to continuation. Last Friday brought a bit of bounce. That went along with a pullback in the USD from the 200-day moving average. But support soon showed at a key zone in DXY and bulls were off to the races (and bears in EUR/USD) after this week’s open. In EUR/USD, that resistance earlier in the week played-in right off the underside of the 200-day moving average. At this point the challenge is chasing an oversold trend as RSI on the daily remains in oversold territory on EUR/USD. There has been a bounce showing thus far at Tuesday's level looked around 1.0761. That price is the 38.2% Fibonacci retracement of last year’s sell-off, and its confluent with a trendline originating from last year’s low. EUR/USD Longer-Term Just as I was saying in September when strength was all the range, EUR/USD remains in a range that’s been in-play since last year’s open. There have certainly been some clean shorter-term trends in the confines of that ranging backdrop, and we’ve made a fast move towards the support side of that range but if we do see sellers continuing to push, those values could soon come into play. The current 2024 low plots around the 1.0611 Fibonacci level, which is the 38.2% retracement of the 2021-2022 major move. On the below weekly chart, I’ve linked that level to the shorter-term Fibonacci level at 1.0643 to create the next support zone, down. Below that, it’s the 1.0500 level that put up considerable fight for about a month before leading to a turn a year ago. --- written by James Stanley, Senior Strategist
Short
by WHSelfInvest
Fundamental Market Analysis for October 23, 2024 EURUSDEvent to pay attention to today: 17:00 GMT+3. EUR - ECB President Christine Lagarde Speaks EURUSD: On Tuesday, the EUR/USD pair saw further downside movement, retreating by an additional 0.16% and testing a key technical barrier that could potentially result in new 16-week lows if the euro price base is reached. On Tuesday, European Central Bank (ECB) President Christine Lagarde made several statements, but their content ranged from the mundane to the unremarkable, which had little impact on the euro's performance. In a statement released today, ECB President Lagarde said that the ECB was 'not dissatisfied with what she saw' but that the ECB 'cannot jump to the conclusion that the inflation target is a done deal'. This statement inspired absolutely no confidence in the euro and provided little guidance for currency markets, which are seeing the euro retreat against the dollar for the fourth week in a row. The release of global PMI data is scheduled for Thursday. Market expectations are high for the EU PMI results, with average market forecasts indicating a modest increase in October's EU services PMI from September's 51.4 to 51.6. Trading recommendation: We follow the level of 1.08000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
EUR/USD Pauses After Four-Day Slide as USD Rally EasesThe EUR/USD pair takes a breather on Friday, following a prolonged four-day losing streak, as the US Dollar's (USD) strong rally shows signs of slowing. The Euro attempts to stabilize after a tough week, with the pair hovering slightly higher, supported by a momentary pause in the USD’s upward momentum. Despite this pause, the outlook for the Greenback remains positive, particularly after Thursday’s encouraging US economic data, which continues to reinforce the idea of a resilient American economy. USD Momentum Eases After Strong Economic Data The US Dollar has experienced a robust run in recent weeks, driven by a strong economy and expectations of higher interest rates from the Federal Reserve. However, the rally took a pause on Friday, despite the release of better-than-expected US economic data. September’s Retail Sales increased by 0.4%, surpassing market forecasts, while the Initial Jobless Claims for the week ending October 11 came in lower than anticipated at 241,000, compared to an expected 260,000. These figures underscored the strength of the US labor market and consumer spending, further bolstering the Federal Reserve’s stance on maintaining elevated interest rates. Even though the positive data continues to favor the USD, the currency’s upward trajectory has temporarily slowed, allowing the EUR/USD pair to consolidate after a sharp decline earlier in the week. This pause in the Greenback's rally offers the Euro some relief, though the broader trend remains USD-favorable in the near term. Technical Outlook: EUR/USD Prepares for a Potential Rebound From a technical standpoint, the EUR/USD pair is showing early signs of a potential bullish rebound. The pair has bounced from a critical demand area, suggesting that buying interest is emerging at these lower price levels. Furthermore, the Commitment of Traders (COT) report reveals a significant divergence between retail and institutional sentiment. While retail traders remain predominantly bearish, large institutional investors—commonly referred to as "smart money"—have begun to increase their long positions on the Euro. This discrepancy in positioning could signal a reversal in market direction, potentially favoring the Euro in the near term. Seasonality patterns also support a possible recovery in the EUR/USD, as historical data suggests that the Euro tends to perform well during this period of the year. Taken together, the technical indicators and seasonal trends point toward a possible bullish setup, where traders might look to enter long positions, anticipating further upside movement. Conclusion: EUR/USD Seeks Stability as USD Rally Temporarily Stalls The EUR/USD pair has found some much-needed support after several days of losses, as the relentless USD rally slows down following strong US economic data. Despite the positive fundamentals supporting the Greenback, technical indicators hint that the Euro may be on the verge of a recovery. The rebound from key demand levels, coupled with institutional long positioning and supportive seasonality, suggests that the EUR/USD could be setting up for a bullish move. Traders should remain vigilant, as the pair’s next move will depend on evolving market conditions and the upcoming data releases that could further influence the direction of both currencies. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
4
EUR/USD Daily Chart Analysis For Week of Oct 18, 2024Technical Analysis and Outlook: The Eurodollar experienced sustained bearish sentiment again during this week's trading session, with the prevailing selling pressure completing our Inner Currency Dip of 1.083. A transient rebound is in progress to the Mean Res 1.090. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 and the next Inner Currency Dip of 1.075 remains substantial.
by TradeSelecter
Fundamental Market Analysis for October 18, 2024 EURUSDEUR/USD broke its four-day losing streak, trading near 1.0840 during the Asian session on Friday. However, the US dollar (USD) received support and hit a two-month high of 103.87 on Thursday, helped by a good US retail sales report, which fueled expectations that the Federal Reserve (Fed) may go for a nominal rate cut. According to the CME FedWatch Tool, there is a 90.8% chance of a 25 basis point rate cut in November and a 74.0% chance of another cut in December. U.S. retail sales rose 0.4% month-over-month in September, exceeding both August's 0.1% increase and market expectations for a 0.3% increase. Initial jobless claims in the U.S. fell by 19,000 in the week ended October 11, the largest decline in three months. Total claims fell to 241,000, well below the 260,000 expected. However, the euro faced downward pressure following Thursday's decision by the European Central Bank (ECB). The ECB cut its main refinancing operations rate and deposit rate by 25 basis points to 3.40% and 3.25%, respectively. Trade recommendation: Watch the level of 1.0860, when fixing above consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004
EUR/USD Extends Decline Near 1.0850 Ahead of Key Economic DataThe EUR/USD pair extended its decline during the early Asian session on Thursday, hovering around the 1.0850 mark. The continued strength of the US Dollar (USD) has added selling pressure on the euro, as investors anticipate critical developments in both Europe and the United States. Notably, the European Central Bank (ECB) is expected to announce another interest rate cut during its monetary policy meeting today, which will play a pivotal role in shaping the near-term direction of the EUR/USD. ECB Meeting and Rate Cut Expectations The ECB meeting is a focal point for the market, with investors widely expecting another rate cut as the central bank attempts to stimulate the sluggish Eurozone economy. The ongoing monetary easing measures aim to address inflationary concerns and support economic growth in the region. A further reduction in interest rates would likely put additional pressure on the euro, especially against a strengthening dollar. Traders will be closely watching the tone of the ECB’s announcements, looking for any clues regarding future policy direction, which could set the stage for increased volatility in EUR/USD. US Economic Data in Focus In addition to the ECB's decision, the market’s attention will shift to the release of key economic data from the US later today. The USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims reports are set to inject volatility into USD-correlated currency pairs, particularly EUR/USD. These reports are crucial in assessing the overall health of the US economy, and stronger-than-expected figures could further bolster the USD, applying additional downward pressure on the euro. Retail sales data will provide insight into consumer spending patterns, a key driver of US economic growth, while unemployment claims will shed light on labor market conditions. Should the data come in stronger than anticipated, it may reinforce expectations of a resilient US economy, prompting the Federal Reserve to maintain its hawkish stance on interest rates. Conversely, weaker data could weigh on the dollar and offer a temporary reprieve for EUR/USD. Technical Outlook: Demand Zones in Focus From a technical perspective, the EUR/USD is currently reacting to a previously identified demand area. While the pair has experienced selling pressure, the price could see a bullish reaction if the upcoming US data or the ECB meeting provide supportive conditions for the euro. In case of a positive outcome for the EUR after the news releases, we may consider opening a long position. However, the best entry point for a long trade remains within the lower demand zone, which offers stronger support and a more favorable risk-reward setup. The Commitment of Traders (COT) report indicates a notable shift in market positioning. Retail traders have been increasing their short positions on the euro, while smart money (large institutional investors) has moved long on the currency. This positioning dynamic suggests the possibility of a reversal, as smart money often takes contrarian positions against retail traders. With the data releases and central bank decisions looming, today could present a long setup, especially if the market interprets the news favorably for the euro. Conclusion The EUR/USD continues to trade under pressure, driven by the strength of the USD and expectations surrounding the ECB’s upcoming monetary policy decision. As the day unfolds, the release of critical US economic data will further shape the pair’s direction, potentially adding volatility and creating opportunities for traders. While the euro remains under pressure, technical and positioning factors indicate that a bullish setup could emerge, particularly if the euro finds support in the lower demand zones or if the news flow turns in its favor. Traders are advised to exercise caution and patience, keeping a close eye on the upcoming data releases and market reactions before entering any positions. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
EURUSD - 4H Bullish signsThe OANDA:EURUSD pair is currently positioned for potential bullish momentum, especially as the weakening of the US dollar becomes more evident. Technically, the EURUSD is showing signs of recovery, as the downward momentum appears to be weakening, and the price has reached a strong support zone. The recent decline in the USD due to a softer US jobs report, coupled with expectations of dovish action from the Federal Reserve, provides further support for a possible upward move in FX:EURUSD . Additionally, with the European Central Bank (ECB) expected to take further action, possibly through a rate cut in mid-October, market sentiment around the Euro remains cautiously optimistic. If the pair breaks above the next resistance levels, the outlook for a continued rise seems strong, as the price aims for 1.1010 or higher. This aligns well with the technical analysis, where the support zone indicates a potential bounce in the coming sessions.
Long
by Sober_Trading
2
EUR/USD Starts Tuesday with a Slight Rebound BUT...The EUR/USD pair began the Tuesday session with a modest rebound after touching its lowest level since early August. The pair is currently trading around 1.09090, showing some signs of recovery, but market sentiment remains cautious as traders await key economic data releases and central bank policy announcements. Market Sentiment and USD Resilience On Monday, the US Dollar (USD) remained resilient against its major counterparts, thanks to the lack of significant macroeconomic data releases and a generally cautious market mood. This led to a slight decline in EUR/USD, as the greenback held its ground. With no high-impact economic reports due early this week, the USD's strength was mainly driven by investor risk aversion and uncertainty surrounding upcoming data. Key Upcoming Data: Eurozone Focus The focus for EUR/USD traders will shift to the upcoming Eurostat Industrial Production data for August and the ZEW Survey from Germany’s ZEW economic research institute. The ZEW Economic Sentiment Index for both Germany and the Eurozone is expected to show improvement in October, and any upside surprise could offer the Euro some support, potentially lifting EUR/USD from its recent lows. However, investors are likely to remain cautious ahead of the European Central Bank’s (ECB) policy meeting on Thursday. With the ECB's stance still unclear, traders may hold back from making large moves until there’s more clarity on the central bank's next steps. US Data: Thursday in Focus While this week started quietly, Thursday is set to bring more significant economic releases, particularly from the US. Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims are all scheduled for release, which could provide further direction for the USD. Until then, the EUR might have some room to recover, but the overall outlook remains cautious, and further USD strength could pressure the pair lower. Technical Outlook: Bearish Pressure Persists From a technical perspective, EUR/USD remains within a weak demand area, which could offer a minor rebound. However, the broader trend suggests that bearish pressure could continue, pushing the pair towards lower demand levels. The COT (Commitment of Traders) report indicates that retail traders turned short on the Euro last week, while institutional investors (often referred to as "smart money") became more bullish. This divergence suggests that the market may be searching for a more solid demand zone before any substantial retracement occurs. Our analysis points to further bearish momentum, potentially targeting the Demand Number 2 or even lower towards Demand Number 3 before the pair finds meaningful support. Outlook and Strategy: Patience Until Thursday At present, we are holding back on opening any positions in EUR/USD, as the situation remains uncertain, and key data releases on Thursday could significantly shift market dynamics. While the pair may see some minor gains in the short term, the outlook is still dominated by bearish sentiment. We expect more clarity following the ECB’s policy announcement and the US data releases later this week. In conclusion, the EUR/USD's slight rebound on Tuesday provides a temporary relief, but the market remains cautious as key economic data and central bank decisions loom. Traders should remain patient and watch for stronger signals from upcoming events before making any substantial moves. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
EUR/USD – Potential Stabilization at Green Zone SupportThe Euro has been declining for several days, and as we approach the green zone identified as a support level, I believe we may see some stabilization or a rebound. This area has historically acted as a support level, and it could provide the necessary buying pressure to reverse the recent downtrend. Strategy: I will be monitoring the price action closely around this green zone for signs of a potential bounce and may consider entering a long position if the conditions are favorable.
Long
by rebenga93
Fundamental Market Analysis for October 15, 2024 EURUSDThe EUR/USD pair reached a new ten-week low on Monday, marking the start of the new trading week with another decline. The euro lost 0.25% against the dollar, breaching its 200-day exponential moving average (EMA) as a result of the dollar's strength and the euro's general weakening. The latest results of the European Central Bank's (ECB) lending survey are scheduled for release on Tuesday, and investors will be monitoring for any indications regarding the overall health of the European banking sector this week. The final European harmonised consumer price index (HICP) inflation data is scheduled for release on Thursday morning, but is unlikely to have a significant impact on market volatility as investors focus on the European Central Bank (ECB) meeting, where a 25-basis point interest rate cut is expected. The next significant data release from the US is scheduled for Thursday, when US retail sales are expected to show a modest increase of 0.3% m/m in September, following a relatively subdued August reading of 0.1%. Trade recommendation: Trading predominantly Sell orders from the current price level.
Short
by Fresh-Forexcast2004
BULLRUN FOR EURO 2024📣 Hello everyone! I believe that the former bull market of the EURUSD currency pair will last until the end of 2024, probably the top will be formed in the first quarter of 2025. TA: After a long consolidation, the “Diamond” is broken upward; in rare cases, when it breaks upward, this bearish pattern can act as a trend continuation figure. Fundamentally: The Fed will move to lower interest rates in September, we will probably see 2-3 cuts at subsequent FOMC meetings, which will put bearish pressure on the US dollar (DXY) and will be a tailwind for the EURUSD currency pair ______________________________________________________ 🎯 Intermediate target 1.18$, final target 1.22 ______________________________________________________ ⚠️ That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your own head! Goodbye! ✊
Long
by AnonymousTraderAcademy
2
EUR/USD Shorts from 1.09600 back down This week’s EUR/USD (EU) outlook is quite similar to my GU analysis, with the market continuing its bearish trend. I’ll be waiting for price to retrace back to the 16-hour supply zone, where I’ll look for entry opportunities on the lower time frames. My target will be around the demand zone I've marked, which is near some liquidity. Depending on the confluences, I may consider a temporary counter-trend buy, but we’ll see which point of interest (POI) price reacts to first. Confluences for EU Sells: Structure Break: Price has broken to the downside, leaving a clear supply zone. Bearish Market Structure: Overall market structure remains bearish, supporting this pro-trend idea. Bullish DXY: The dollar (DXY) is gaining strength again, increasing the likelihood of stronger bearish pressure on EU. Liquidity: Significant downside liquidity in the form of swing lows and engineered liquidity. P.S. If price breaks through my supply zone and fills the imbalance above, I’ll shift my focus to the 15-hour supply zone to evaluate further sell opportunities.
Short
by Hassan_fx
EUR/USD Daily Chart Analysis For Week of Oct 11, 2024Technical Analysis and Outlook: The Eurodollar experienced sustained bearish sentiment during this week's trading session, reaching our reignited Inner Currency Dip of 1.090. The prevailing selling pressure towards the support level of 1.079 is temporarily halted. A transient rebound is anticipated due to the significance of completing the Inner Currency Dip. However, considering the current bearish price action, the probability of further declines to the support level of 1.079 remains substantial.
by TradeSelecter
EUR/USD:US Jobless Claims Surge - Analysis.US Jobless Claims Surge, EUR/USD Rebounds Amid Mixed Market Sentiment The latest U.S. Initial Jobless Claims for the week ending October 4 unexpectedly rose, reaching 258,000—marking the highest level of new jobless benefit seekers since June 2023. This spike has captured the attention of market participants, as it hints at rising unemployment pressures in the U.S. labor market, adding a new layer of uncertainty to the Federal Reserve's future rate policy. While these higher-than-expected claims suggest some softening in the labor market, the Fed’s battle against inflation continues, leaving investors split on the timing and scale of any rate cuts. In line with our analysis from yesterday, we anticipated a possible bullish impulse for the EUR/USD, which has materialized as expected. The pair rebounded slightly from a key demand area, with the current outlook pointing to a potential retest of the 1.1000 level or slightly above, touching the supply zone. However, given the mixed signals in the macroeconomic environment, we are not taking any positions at the moment, opting to wait for a clearer scenario to emerge before making any trade decisions. The Complex Rate Environment Thursday’s data, which revealed rising unemployment figures alongside persistent inflation concerns, has muddied the outlook for the Fed’s next move. On one hand, the higher jobless claims have fueled speculation that the Fed might lean toward rate cuts in the near future, aiming to provide relief to the labor market. On the other hand, inflation remains a key challenge, tempering expectations for any aggressive or immediate policy shifts. The juxtaposition of these factors has left rate markets in flux, with traders caught between hopes of a dovish pivot and the reality of persistent price pressures. This uncertainty extends to the broader financial markets, as investors attempt to gauge how these competing narratives will affect currency flows. The U.S. dollar (USD), as a result, remains a focal point for traders, with the Greenback's movement largely driven by fluctuations in rate expectations and economic data. EUR/USD Outlook With the U.S. labor market softening and inflation still a concern, Fiber traders (EUR/USD) are closely monitoring these developments. On Friday, significant European economic data releases are notably absent, leaving the EUR/USD at the mercy of U.S. dollar flows as the trading week draws to a close. As we await more clarity on the Fed’s stance, the pair's short-term direction remains dependent on broader macro trends in the U.S. Our strategy, for now, is to observe how the price interacts with the 1.1000 supply zone. A clear rejection could pave the way for another bearish impulse in the EUR/USD, but we will refrain from entering the market until a more definitive signal emerges. The next few trading sessions will likely provide critical insights into the future direction of the U.S. dollar and, by extension, the EUR/USD pair. In conclusion, while the rising U.S. jobless claims offer some support for rate cut expectations, the stubbornly high inflation complicates the Fed's path forward. As the EUR/USD hovers around key levels, traders are advised to stay patient and let the market reveal its next move before jumping in. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
3
US's Resilient Economy Attracts European InvestorsHello! Chart Explanation & Indicators EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower. Technical Zones There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088. Conclusion The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry. Thankfully to all followers, Ely
Short
by Elysian_Mind
EUR/USD Extends Decline as USD Strengthens Ahead of FOMC MinutesAs predicted, EUR/USD continues its downward trajectory against the US Dollar, which is performing strongly ahead of the much-anticipated FOMC Minutes release. The dollar’s strength is fueled by the market’s expectations of more insights into the Federal Reserve’s policy direction. With the FOMC minutes on the horizon, the price of EUR/USD may drop further, presenting traders with critical levels to watch for a possible retracement. Technical Outlook: Key Areas for a Potential Rebound We have identified two crucial retracement zones where a reversal could occur. These levels, based on historical price action and current market sentiment, may offer opportunities for traders looking to capitalize on the next potential move. However, patience is essential as we await the market’s reaction to the FOMC Minutes, which could trigger volatility and provide clearer direction. Sentiment Analysis: Divergence Between Retail and Smart Money The latest Commitment of Traders (COT) report shows an interesting shift in market sentiment. Retail traders turned bearish last week, likely responding to the recent strength of the US Dollar. However, when zooming out to a six-month view, these retail traders are still predominantly long, indicating some indecision in the broader market. In contrast, Smart Money—typically institutional investors—has begun to accumulate long positions in EUR/USD. This divergence between retail traders and smart money suggests that while short-term sentiment favors a bearish outlook, institutional traders are positioning for a potential upward move in the future. Patience is Key At this stage, patience remains the most important tool for traders. With critical levels identified and the market still digesting the strength of the US Dollar, we are awaiting a clear reaction to the price levels shown on the chart. The upcoming FOMC Minutes could act as the catalyst needed to confirm the next big move in EUR/USD. Conclusion EUR/USD continues its decline as the US Dollar rallies ahead of the FOMC Minutes. While short-term bearish sentiment dominates the market, institutional players are starting to accumulate long positions, signaling potential for a future rebound. Traders should remain cautious and patient, waiting for a clearer signal before taking action, particularly as we approach key price levels that may offer opportunities for retracement. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
3
EURUSD Analysis==>>AB=CD Pattern!!!==>>Short termEURUSD is moving near the Heavy Resistance zone($1.130-$1.118) and Resistance lines . There is a possibility of Bearish AB=CD Harmonic Pattern formation near Resistance lines and Time Reversal Zone(TRZ) . I expect EURUSD to decline to the Support zone($1.082-$1.066) after breaking the Support line . Note: If EURUSD manages to break the Resistance lines, we can expect EURUSD to attack the Heavy Resistance zone($1.130-$1.118) and increase. 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
1
EUR/USD Buys from 1.09400 back upEU's market structure is currently very similar to other setups I'm watching. After a bearish run over the past week, I expect price to slow down as it approaches the key 7-hour demand zone I’ve marked out. Once price sweeps the liquidity at the equal highs (EQHs), I’ll be watching for accumulation on the lower time frames (LTF) before a potential mitigation of the 7-hour demand zone. If price doesn’t reach this demand and instead pushes up to mitigate a supply zone like the 15-hour or 5-hour above, I’ll shift my focus to selling in line with the bearish trend. For now, I’m waiting to see how the market behaves at the open to decide on the next move. Confluences for EU Buys: - The 7-hour demand zone has triggered a CHOCH to the upside. - There are major imbalances and liquidity above that need to be filled. - For price to retrace to the supply zone, it will need to move upward. - The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a dollar drop and support bullish momentum for EU. Note: If price breaks through the demand zone, it will also break more significant structure to the downside, confirming a long-term bearish outlook for EU.
Long
by Hassan_fx