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Eurodollar

Is it time to buy the $EUR & Why?Is it time to buy the $EUR & Why? As we head closer to ECB - If they are Hawkish and expected to raise rates even further, expect EUR to turn further bullish. We are at a key resistance area, now remember it isn't just ECB we focus on when it comes to EUR. Take into consideration the FOMC - Source - WSJ: Federal Reserve officials are barrelling toward another interest-rate rise of 0.75 percentage point at their meeting Nov. 1-2 and are likely to debate then whether and how to signal plans to approve a smaller increase in December. Now, yes we understand the further they hike the stronger DXY and that leads to the majors declining. However, we may have currency war at our hands we have had BOJ - intervene, even though they don't 'state' it, we've had various other countries concerned when it comes to FOMC further hikes but as they MAY slow down 75 basis points to 25 perhaps, this is easing the pressure on DXY leading the other currencies at very key areas! If we get hawkish ECB combined with this, expect euro to go back to previous levels of: 1.0500 - 1.03600. Technically: If we stay above these levels and go above 1.0000 handle over I do expect 1.03 to come into play. However, if we drift below 0.98500- 0.97500 then we back within range. Lastly, don't forget to trade your own trade plan! All the best, Trade Journal
by Trade_Journal
1
EUR/USD -8/11/2022-• Euro Dollar exchange rate advance as a result of diminishing bets of Fed aggressiveness and hopes of China re opening • Rally is more Dollar weakness rather than Euro strength • Markets await inflation figures in the US tomorrow • Technical rally points to a corrective move rather than trend reversal • Ascending channel forming, meaning pair is trading inside a bearish continuation flag formation • A flag formation is a continuation pattern, which indicates a pause of the previous move, which was down • A typical flag formation retraces anywhere between 38,2% and 50% of the previous move • Bulls and bears are now fighting around parity which is also the 23,6% retracement level • Next resistance is the upper level of the flag formation followed by 1.03 level (2017 low and 38,2% level)
by RamziAbouAbdallah-CMT
2
EUR USD Volatility Forecast 7-11 November 2022 EUR USD Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 1.65% which declined from 1.63% last week. Currently according to ATR we are on 84th percentile, and according to EVZ we are on 52th percentile, indicating in both cases, that we are currently is volatile market. Now, based on the implied volatility data that we have for this week, lets look into further details. We can see that currently there is 21.7% chance, that our candle is going to close at the end of the week either above/below the next channel TOP: 1.007 BOT: 0.974 This can also be translated as a 78.3% chance that the market is going to move within this established range. At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a 70% chance that we are going to touch the previous high of 0.9985 27% chance that we are going to touch the previous low of 0.974
by exlux
$EURUSD Higher Time Frame Analysis - A Huge Opportunity #EURUSDTraders and Investors, As promised, here is the update on EURUSD higher time frame analysis. Remember the last analysis here as below and then further update? An FCP M pattern had already been completed a few weeks ago but the price has just been consolidating. Last week it showed first signs of bullish indication. Although not very strong, these are the first signs. This pattern can lead to a very good market turning opportunity. Refer to the chart. It is self-explanatory. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
3
💵Euro/U.S.Dollar💵Analyze (11/02/2022)🏁!!! Euro/U.S.Dollar was able to make a Bearish 🏁Flag🏁 Pattern in a 15min timeframe. It seems Euro/U.S.Dollar broke the lower line of the bearish flag pattern. I expect Euro/U.S.Dollar will go down to the targets that I specified in my chart. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰. 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 be glad to 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
2
EURUSD Monthly Forecast Movements 1-30 November 2022 EURUSD Monthly Forecast Movements 1-30 November 2022 We can see that for this month, the implied volatility is around 3.57%, increasing from 3.5% of last month. This is currently placing us in the 88th percentile according to ATR and 92th according to EVZ Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is: BEARISH Candle : 2.126% BULLISH Candle : 0.984% With this in mind we can expect with a close to 24.4% probability that our close of the monthly candle is going to close either above or below the next channel: BOT: 0.953 TOP: 1.022 Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a : 72% chance that we are going to touch the previous monthly high of 1.0088 25% chance that we are going to touch the previous monthly low of 0.963
by exlux
What's New About EUR/USD! Come To CheckIn general, the general trend is Down, Because it was break the previous bottom. Here Immediate entry to sell at 1.0047 It targets the following levels: - 0.9967 (short term) - 0.9833 (short term) - 0.9623 (short term) - 0.9047 (long range) - 0.6879 (long range) If the Price reversal to 1.0500 here, the sell Order Should closed and the entr immediate buy, targeting the following levels: - 1.1125 (short term) - 1.2540 (mid-range) - 1.4648 (long range).
by Samer_Krema