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EURUSD - Limited but a potential for Upside!-It appears that the euro’s role as a funding currency is curbing the EUR/USD upside in the current market environment, as investors jump back into risk-on bets -With the eurozone growth outlook already partly compromised by restrictions in Germany and other eurozone countries, and the European Central Bank sticking to a broadly dovish tone, the euro may be facing more pressure regardless of Omicron-related sentiment -We could see EUR/USD re-test 1.1200 this week -But before that drop, we may witness some rise to the 1.12700 area. LONG TERM TARGET: 1.12
Short
by caldooninvestment
3
EUR/USD may lose bullish potential - scenario of a reversal Hello Traders Here is a new SELL Scenario, i expect this scenario starting end of the month of october, Most likely scenario is a reversal around that level. Federal Reserve 'on track' for tapering asset purchases. For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient. 💹EUR/USD SELL STOP ✅ Entry @1.17300 or below (Best Scenario, It may go until 1.17000 and reverse) ✅TP-1# 1.16650 ✅TP-2# 1.16450 ✅TP-3# 1.16250 ✅SL# 1.17700 Source: www.fxstreet.com Source : finance.yahoo.com JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Short
by jamdejam
4
EURUSD Going up - PMI beats estimatesHello Traders Here is a new BUY Opportunity, Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October 💹EUR/USD BUY STOP ✅ Entry @1.16450 or above ✅TP-1# 1.16650 ✅TP-2# 1.16960 ✅TP-3# 1.17450 ✅SL# 1.15350 Source: www.fxstreet.com JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
3
🚀The Eurozone stock index is ready to take off! Or ... 🤷‍♂️●● Mine scenario OANDA:EU50EUR 🕐 1W TVC:SX5E If you are interested in trading on the euro area economy, you can use this index. The EURO STOXX 50 reflects the dynamics of the largest and most liquid 50 shares in the euro area. The rapid decline in the wave (C) that gave rise to the COVID-19 pandemic was apparently a necessity within the ② of V flat. 🕐 1D OANDA:EU50EUR Now we are testing a quite strong level of resistance. Counting from a series of the first and second waves is a harbinger of rapid growth and extension of the third wave. 🕐 6h OANDA:EU50EUR Focus on the "invalid." level, the breakdown of which will serve as a signal of the transformation of the wave ((ii)) to the flat, or, even worse, the realization of an alternative count with black markings. ●● Alternative scenario 🕐 1W FESX1! In an alternative count, the boundary of a large triangle of degree IV "Cycle" will be expanded. The current growth can go in a wave (Y) of ((B)) followed by a decline in ((C)) . The count will become more relevant if the wave C of (Y) (6h) is transformed to the ending diagonal. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
TVC:SX5E
by TradeWaves-EWA
Time to press euro Longs EUR/USD has recently broken below some key technical levels of support such as 1.2050. Recent USD resilience could wane over the next few days as positioning in euro cleans up. Coming into January, many managers had the reflation bet on, which encompasses the long EURUSD trade. This trade caught them wrong-footed, and many managers squared out during a period of heightened volatility. The risk is now for a move higher in the euro as the consensus position has decreased in size. euro fundamentals remain bullish, albeit with some negativity around vaccine distribution. That said, global risk remains bid, and euro should be no exception to this tone. Across the macro landscape, oil is reaching yearly highs, the 10Y yield in the US is flirting with its recent upper bound, and gold is breaking down. The only signal that doesn't confirm the current reflationary landscape is the dollar. Many are calling this the start of the dollar move, but I would much rather fade this move with a tight stop. EURUSD likely rises to over 1.25 in the next few months. If I am wrong, we have a short stop and we re-asses.
Long
by MT-Macro
3
EUR Breakout|Reflationary trend[exports driven]|2021 Double-Dip?Short idea, few things to keep an eye on. It seems that the EUR is conforming a breakout on the monthly. A decent sign for the recovery of the global economy for 2021, as exporting nations are given the advantage of bouncing back post-covid. However, I do not think that the Euro will sustain above the 2018 highs of 1.25 in 2021 for few reasons. -> The EU southern states are tourism reliant, and very doubtful that the leisure sector will recover as fast, hence increasingly more stimulus will be needed to sustain these economies. A stronger euro would even further hurt the potential to recover. -> Post-covid, supply chains are likely going to be disrupted for the long-term, affecting EU exports and further increasing the likelihood of a double dip in 2021. -> Even though Biden is likely to take a lighter stances on tariffs, it certainly won't be the same as Obama's approach to Globalism, i.e some of Trumps policies are likely to stay. -> Very unlikely that Dems get a trifecta by taking control of the senate in January, so the levels of stimulus as well as tax amendments won't be as high as currently expected. Overall, dollar bullish. -> Merkel leaves in 2021, unlike the US, the transition will be orderly, however policies are likely to change, further impacting FX volatility. -> DXY(EUR > 50% typically) is also pointing out to a weaker dollar, initially at the start of 2021. This is it for EURUSD, the rest is demonstrated on the chart. The reason I am not long, despite the chart suggesting a bullish trend, is because of the 2021 double dip potential, which is the necessary retest for me to turn bullish on the Euro for 2021-2024. So, let's see how it all turns out in 2021. -Step_ahead_ofthemarket ________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details , every thumbs up and follow is greatly appreciated! Disclosure: This is just an opinion, you decide what to do with your own money . For any further references or use of my content- contact me through any of my social media channels.
by step_ahead_ofthemarket
3
EURUSD | Do or Die Situation in Monthly Chart...!!#EURUSD (update) Do or Die !! In Monthly TF Chart, EURO Has been forming Falling Wedge Pattern. At the Moment, Facing 12yr Downtrend Resistance ( Last 3 Times Got Rejected) Today is the Monthly Candle Closing So If Next Monthly Candle Open Below the Trendline, Expecting Bearish Wave.📉 If Candle Closed Above the Trendline, EURO Bulls Might Pump in Coming Months..📈🚀🚀 In Both Scenarios, Expecting 1000+ PIPS Movement for Midterm So Keep Your Eyes on EURO 😊 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
EUR USD Daily if price rejects the zone - sell.Here is the EUR chart only - note these setups are to show where if price rejects we will look short - same information below as previous post - incase traders see this instead. We have our take on the EUR USD - a lot of speculators have seen the Euro as the stronger of the currencies against the USD which has been seen as out of favour - but this is all part of the plan from the FED and US government in order to see the dollar as good for import and export . Is this all part of the money printing plan for the future to de-value the dollar? or a huge mistake causing an sovereign debt crisis? or just part of supply and demand? Let's see the Data: COT Data: EUR AVG Long Short Total long% Short % Net Change Avg_13 180,947 86,109 267,056 68% 32% 94,837 2,910 Avg_20 171,218 105,719 276,937 63% 37% 65,499 9,843 Avg_130 169,626 177,152 346,778 51% 49% -7,256 3,155 Avg_50 169,349 175,216 344,565 51% 49% -5,867 3,381 USD AVG Long Short Total long% Short % Net Change Avg_13 18,057 12,046 30,554 60% 40% 6,462 -1,569 Avg_20 19,538 12,046 31,584 62% 38% 7,491 -958 AVG 50 30,399 11,917 42,316 70% 30% 18,481 -742 Avg_130 31,126 12,171 43,297 70% 30% 18,955 -672 Technicals: Monthly Fibonacci retracement drawn and shows price will either bounce and reject 61.8% Fibonacci retrace a break to the upside will test the 70.5% or hit the 1.21 zone - Note the monthly trendline from using the Ray - has proved the constant lower highs and lower lows printed in the cycles. The lowest low of 1.066 has shown a good retest zone for targets. Fundamentals: US election rallies before taking place at the end of the year with campaigning - We have NFP numbers showing millions return to work.. but also high unemployment still looming. Trade war with China, Hong Kong unfolding with US responding High figures in multiple states which are concerns for large communities- record numbers still being released Fiscal intervention in July, August for stimulus.. constant printing money is not good for the economy. US tech stocks have seen the highest returns and zero confirmation by Dow30 and S&P following suit. - will this last? no.. billionaires just adding wealth, SME businesses not receiving the correct funding at all.. Dow 30 is in a fragile state and desperate to keep pushing higher but limited upside will cause a steep decline - refer to Dow chart.. around 27,000 is a good point for a previous monthly high but it may fall over at 28000 tops. Crippling 1trillion money printing exercise to be released to prop up false growth. enter sovereign debt crsis - printing all this money is just beyond words. With having a weak dollar and inflation created - the dollar will be out of favour. Euro second wave & quarantine rules for tourists outside EU and now Spain for UK. Brexit talks are still in focus as not much separates a no deal scenario. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
GBP USD - weakness coming as high, lower high formedHello traders and analysts, Here is our take on GBP USD - the trade is active, with FX it is a moving target so we will look for an additional entry upon a nice supply up coming but will it hold? the answer is yes, so price reacted at our 0.705 and resisted - now we have a long aiming to close into the purple zone. what has changed since the last chart? So what is new is that we have had a zone touch and a lower 4hour zone touch. We can see personally a failed touch of the zone, the GBP is staying weak against the dollar with uncertainty of the GBP strength so we will now look to the downside and close out longs. COT report: Long Short Total %Long %Short GBP Avg_13 32,923 49,892 82,815 40% 60% Avg_20 41,245 43,918 85,163 48% 52% Avg_130 43,323 68,286 111,609 41% 59% AVG_50 43,547 67,458 111,004 41% 59% USD Avg_13 18,508 12,046 30,554 60% 40% Avg_20 19,886 11,437 31,323 63% 37% AVG 50 31,006 11,782 42,788 71% 29% Avg_130 31,573 11,946 43,520 71% 29% Technicals: We have a good opportunity here to break the trendline as the triple top formation failed with heavy resistance at 1.265XX and weekly fibonacci level of 0.705 this could be a strong opportunity to sell again. However, be aware of the above supply which is a full retracement from lows of 1.14 - 1.15 if price reacts and falls back into the range - look for a range sell, however if price shows a breakout and closes above with a weakened dollar. look long There is bullish sentiment on the 4hour, but daily we can still a nice range here - it is shaking out a lot of investors which is good for liquidity grabs and flow of funds between the players. We are playing the supply and demand here between bulls and bears. This is all that matters. for this trade however we are in short. Add sell positions if a fakeout of the retest of the breakout to create a lower low. Fundamentals Coronavirus in the EU and UK - both showing cases in respective countries, Euro stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire. Brexit talks - will send the pound with huge strength once a deal is reached - inverse will send EUR to almost parity if talks end and no deal is reached Keep a watch for manufacturing orders in Germany and any causes for concern within France, Italy, Germany and Spain which can drag data components down. Vaccination attempts to drive market sentiment. USD safehaven upon tensions between HK move on China vs USA debate. USA - cases in multiple states are high risk, the disconnect is unbelievable. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
The Euro will shine while the Dollar goes under.We have seen a very clear shift in the COVID-19 pandemic storyline. This means that the dollar Safe-Haven state will decrease over time as vaccines go into production, Countries handle a second wave without lockdowns and businesses go back on track towards the next economic recovery period that might take a couple of years. Fundamental Backers: 1. FED Balance Sheet expansion and support for the economic outlook with Rates near 0 until 2022 are expected. 2. Brexit negotiations are on track and are key to a good recovery for the Euro Zone, this plus Euro area coordinated support has been great for the economic outlook. (GBP & EUR looking good). 3. Oil Price's negative correlation with Commodity inverse currency Dollar has given yet another backer for fundamentally strong moves for all currencies against the dollar, especially commodity-driven ones. (Check Latin American currency opportunities ;) ) 4. Economic recovery and expansion bring outlook on a bullish market for the late 2020 & a strong bullrun up to 2022, perhaps we might see momentary stagnation but it does not compromise long term perspectives. 5. Trump's desire for Re-election pleads for a weaker dollar that could benefit American companies. .... many more confirmations but the main takeaway is the fact that we might see a weaker dollar in the coming months, to years. This is strong for Commodity based currencies and the euro especially. Let's see what happens with Brexit which is my main concern right now.
TVC:DXYShort
by afcapitaltrading