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Eurolong

📈EURO analysis, Weekly insight into price behavior📉FX:EURUSD OANDA:EURUSD Hello Traders, please check out my previous ideas. Continuing from the previous analytical scenario, if the euro stabilizes above the yellow zone, the price can climb up to the pitchfork midline. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around the red zone and after that 1.064 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Long
by CrazyS
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
Long
by Blessed_V
Divergence found on EUR/CAD pair 4-hourFor the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar. The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of inflationary pressure. Yesterday, the BoC enacted a 75 basis-points rate hike, its fifth post-pandemic hike. Today, the ECB is expected to deliver a 75-basis points rate hike, only its second post pandemic rate hike. TECHNICAL ANALYSIS. From the weekly timeframe, EUR/CAD is primarily on a downtrend. We also see a classic divergence in the Money Flow Index (MFI). The Money Flow Index (MFI) is a technical indicator that measures how money flows into and out of a security over a specified period. The MFI is an indicator that combines momentum and volume with an RSI formula. With a classic divergence, the MFI indicates a reduced volume as price trends downwards. (see related ideas) On the 4-hour time frame, we can see that the EUR/CAD pair has been consolidating in a tight range, between 1.2891 and 1.3242. If we eye the pair’s movement within this range, it contrasts with the weekly trend. In fact, the EUR/CAD pair is up 1.8% since the beginning of the consolation period starting august 24. If we apply an RSI on the chart, we might like to note that the recent bullish push is fast approaching the overbought bottom zone just above 1.3160. If the price level can break above 1.13178, you might expect an ever-growing resistance to upside all the way up to 1.3242.
by BlackBull_Markets
EUR/USDwhy i think eur/usd can see higher prices - engulfing the h4 bearish breaker / order block simultaneously. 1. ECB recently increased interest rates from 0 to 0.50%, interest rate increases make it more attractive to foreign investors to hold the currency with higher interest rates as they can earn more on their investment in that currency, aswell as with the current relief risk on is seeing i would be anticipating some of that capital will be heading to the eur to take advantage of the new interest rates. - if you like smart money concepts then this long would also fill in an imbalance & in basic liquidity analysis it would also take out the sellside stop losses along with taking sell stops before price heads down, overall i do think eur/usd will head lower, but i would like to see this move play out first, Entry im looking for is $1.01100 with my stop loss at $1.00810
Long
by calelle680
1
Eur/Usd becoming very OVERSOLD. Folks, The weekly on eur/usd is becoming very oversold and we are nearing major technicals support levels. If you take a look in to the DXY (monthly chart) you see we are hitting major technical resistance levels. This doesn't guarantee any bounce but it increases the probabilities for a bounce. I am already scaling in SMALL. WHY? Because if the price dips more you can add more. I've learned that not going all-in at once is a better strategy to me.
Long
by King_Hustle_Grind
$EUR/USD - The Dollar and DeflationThe Dollar and Deflation Elliott waves in FX might be anticipating  deflation. Demand for U.S. dollars has surged over the past couple of weeks as the economic and financial sanctions on Russia cause all sorts of ramifications . Essentially, taking out an active chunk of the day-to-day global capital markets reduces financial transactions and makes the availability of U.S. dollars a little scarcer. For example, according to estimates by Credit Suisse , Russia holds about $300 billion in short-term money market instruments, $200 billion in FX swaps and another $100 billion through public and private deposits. Freezing this means that it cannot be used to grease the wheels of the money markets as it usually would. The cost of funding transactions in U.S. dollars has risen. However, demand for U.S. dollars also rises when sentiment is becoming more cautious and negative . Most of the planet’s debt is denominated in, or linked to, U.S. dollars. When people get nervous , they want to ensure that they have dollars to either service that debt or pay it back. In the coming debt deflation, expect demand for U.S. dollars to go through the roof. Ah, but then there’s the Fed. Since the Great Financial Crisis of 2008, whenever demand for U.S. dollars has surged, the Federal Reserve has utilized so-called “ swap lines ” with other central banks around the world in order to ensure that there is an ample supply of U.S. dollars to meet everyone’s needs. This has tended to coincide with a period of U.S. dollar strength in the foreign exchange (FX) market, which then subsequently turned into weakness. The current Elliott wave structure in the chart of EUR/USD suggests that the current period of U.S. dollar strength could be close to ending. Could this coincide with the Fed re-opening and perhaps extending its swap lines in order to ease the demand for U.S. dollar funding? Perhaps. If so, we can anticipate that sentiment will become more negative in the short-term to trigger the Fed to act. Dollar weakness will not come about  because  the Fed extended swap lines. Rather, the socionomic way to think about it is that dollar strength (often associated with a deflation lurch) will  cause  the Fed to act.
Long
by ferGOD
5
Euro BullishMulti-year breakout seen here. If you look up closer in the 2-4 hour charts you can see what looks like a flat consolidation forming with a 3-3-5 structure. From what I can tell that flat is complete and we are now continuing our push to the upside. This breakout supports the notion that we will experience a blow-off top in the equity markets caused by a falling dollar. (totally speculation, but I find it possible) 1st Target is $1.20 If we get past $1.23 this thing might start flying higher, which would mean the dollar will most likely crash. Perhaps this is being caused partially by congress arguing about raising the debt ceiling to fund expenditures. I certainly wouldn't want to accept someone's CREDIT (because dollars and fiat are Not money) if I knew that they were over their limit and possibly not going to raise it...... Our legislators sure do like to play Russian Roulette with our country. It's like they're so busy arguing they've forgotten that we do business with the entire world. Not just inside their stupid partisan heads. (Not financial advice)
Long
by MonetaryRebel