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Eurodollar

EUR/USD -25/10/2022-• Symmetrical triangle formation • This pattern is usually a continuation pattern, which means the breakout occurs at the same direction of the preceding move, in this case a break down resulting in lower prices • Sometimes, triangles can be reversal patterns • Traders better wait for the breakout to confirm the direction and the validity of the move • Price target follows the measurement method, which projects the height of the triangle from the breakout point • The height of the triangle is 600 pips • If the breakout occurs to the downside, target would be around 0.90
by RamziAbouAbdallah-CMT
2
EUR/USD Daily Chart Analysis For Week of October 21, 2022Technical Analysis and Outlook: The Eurodollar bounced swiftly from our Mean Sup 0.9700 and rested at our Mean Res 0.9860; however, retesting the Mean Res 0.9987 and 1.0020 is probable. The significant downside move is a) from the current position, b) From up the ante restarting down move of 1.0020. The main targets continue to be our Key Sup 0.9595 and completed Inner Currency Dip 0.9570. Continuation to the next Outer Currency Dip of 0.9370 is in the making.
by TradeSelecter
Double digits inflation is expected for Europe and the UKEUR/USD 🔼 GBP/USD 🔽 AUD/USD 🔼 USD/CAD 🔼 USD/JPY 🔼 XAU 🔼 WTI 🔽 Later this afternoon, the latest inflation data for the Eurozone and the UK will be available, with the market expecting a 10% increase for both. While high inflation is likely to prompt respective central banks to tighten monetary policies further, their currencies have responded differently. EUR/USD closed slightly higher at 0.9852, and the British Pound retreated from a high of 1.1404 to 1.1318 against the greenback. Meanwhile, Canada will also announce its inflation readings, but projections are in the negative territory at -0.1%, higher than -0.3% in August. USD/CAD added 22 pips to 1.3738, as the US dollar climbs even higher towards the Japanese yen, the currency pair has increased steadily to 149.26. As the dollar did not record any significant gains or losses from its peers, the gold price was allowed to rise to $1,652.01 an ounce. Upon news of the US releasing 15 million barrels of oil from the Strategic Petroleum Reserve, WTI oil futures fell to $82.07 a barrel.
by Mitrade_official
Expect A Long in 4H Timeframe- As you can see, there is two possibility: 1- return to BoS order block, make a CHOCH with confirmation then enter trade. the target will be next 4H supply area. 2- price goes straightly to the 4H supply area... if we see a confirmation (Flip or choch in 15 and 5 min) we can enter trade. Target will be liquidity under the double bottom . Please note the if we do not see any clear confirmation, we are not allowed to enter the trade. Wish you luck
Long
by Bulls_crypto_signal
EUR/USD Daily Chart Analysis For Week of October 14, 2022Technical Analysis and Outlook: The Eurodollar's failed attempt to retest our Mean Res 0.9987 indicates high negative market sentiment; however, the retest of the newly created Mean Res 0.9780 is probable. As specified in the EUR/USD Daily Chart Analysis For Week of October 7, the main downside targets continue to be our Key Sup 0.9595 and completed Inner Currency Dip 0.9570. Continuation to the next Outer Currency Dip of 0.9370 is in the making.
by TradeSelecter
EuroStepping “The dollar remains the main beneficiary of rising US (real) yields in a persistent risk-off context.” “Geopolitical and recessionary risks are bigger for Europe, holding down the single currency as well even as the European Central Bank finally embraced on a tightening cycle.” “Resistance stands at 0.9950/1.0050. The YTD low stands at 0.9536.” EUR/USD is in a strong downward trend channel since February. I expect the world’s most popular currency pair to remain under pressure.
Short
by xavierNF
5