Week Ahead - EURUSD May 22nd, 2022Events:
EUR - Manufacturing PMI (expect a EUR reaction if we get a number below 52 or above 57.)
EUR - 12 ECB Speakers
______________
US - FOMC Minute
US - core PCE Inflation
US - FED Speakers
FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish.
Eurozone
EURCHF: Eurozone still fragile!!EURCHF
Intraday - We look to Sell at 1.0333 (stop at 1.0368)
Daily signals are bearish. 20 4hour EMA is at 1.0349. We look for a temporary move higher. The previous swing high is located at 1.0360.
Our profit targets will be 1.0246 and 1.0200
Resistance: 1.0300 / 1.0340 / 1.0380
Support: 1.0250 / 1.0230 / 1.0200
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EURNZD REVIEW APRIL 11THHello Traders
Here is our view of EURNZD.
3rd consecutive Bullish candle reminds us of the "3 soldiers candlestick pattern"
Lets see bullish continuation possibly to 1.62 price zone, news pending for this pair
in the coming few days.
As always, only trade what you're willing to lose.
The Trading Regime
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
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
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
🚀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.
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.
euro usdHello everyone, I have two possible plans for the euro in dollars if the resistance of 1.21680 is broken.
We will see 1.22600 in the first target and 1.23400 in the next targets. In this range we have a heavy resistance if it breaks We will see the 1.24500 target, but if the resistance is not broken we will return to the 1.22600 range
EUROUSD Perfect FiboEuro followed perfectly is downtrend from 2008.
Rejections on Red Circles :
- ATH 1.60$ (2008)
- Rejection Fibo 78.6 at 1.50$ (2008)
- Rejection Fibo 61.8 at 1.40$ (2018)
- Rejection Fibo 38.2 at 1.25$ (2018)
- Rejection on Trend at 1.20$ (2020)
The demand is is growing around 1.14$.
if this correction is correct the next Leg after a breakout will push Euro to retest 1.25$.
Happy Tr4Ding !
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
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Is it time to join the EUR bulls?With the agreement of the fiscal deal for the Eurozone, things are starting to look more positive for the monetary union. The much unloved EUR could finally have some good days in the months ahead.
EUR has pierced through the bottom of the monthly Ichimoku cloud. Should it succeed to close above the cloud in the months ahead, things should start getting interesting for EUR bulls.
EURUSD SEPT 6TH - 11TH OUTLOOK OUR VIEW OF EURUSD, POSSIBLE BULLISH CONT. TO THE 1.20'S
MA'S CROSSED UP
WEEKLY PRICE CLOSE REJECTION OF THE LOWS
BULLISH PRICE PATTERN
SHOULD THE OPPOSITE OCCUR, AND A BEARISH TREND BEGINS THEN WE WILL LOOK
FOR A RETEST OF MARCH 9TH HIGH 1.15 (THIS CAN HAPPEN LATER)
FEEL FREE TO COMMENT BELOW...
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 😊
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