Eurusd-3
EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate ...EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate Decision
As the first London session kicks off this morning, EUR/USD is maintaining its position above the 1.1120 level, with market participants eagerly awaiting today's Federal Funds Rate decision by the U.S. Federal Reserve. The decision is set to dominate market sentiment, with investors and traders closely watching for any signs of policy shifts or forward guidance.
Current Market Sentiment
From a technical standpoint, not much has changed since our previous analysis. The Commitment of Traders (COT) report continues to highlight a significant divergence between retail traders and institutional investors. Retail traders remain overwhelmingly long on the pair, suggesting their optimism for further upside. However, "smart money," often represented by institutional traders, continues to take a bearish stance, positioning themselves for potential downside.
This disparity in positioning further adds to the uncertainty surrounding EUR/USD’s near-term trajectory. As the pair trades within a daily supply zone, the potential for a bearish reversal remains on the table. The supply zone, which has acted as a resistance level, continues to cap any significant bullish advances, keeping the risk of a sharp pullback intact.
Fed Decision: The Key Catalyst
All eyes remain on the Federal Reserve’s policy verdict, which could serve as the key driver for the next move in EUR/USD. The Fed's decision on interest rates, along with its forward guidance, will likely dictate the pair's direction in the coming days. A more hawkish stance from the Fed could fuel U.S. dollar strength, potentially pushing EUR/USD lower. Conversely, any dovish signals might provide the pair with a fresh catalyst for breaking through the current resistance levels.
For now, EUR/USD continues to hover above 1.1120, but the looming Fed decision may be the tipping point that decides whether the pair resumes its bullish momentum or succumbs to the bearish sentiment from institutional traders.
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Gold Analysis: Waiting for the Fed!Gold prices attracted buying after a brief overnight corrective drop, finding support due to expectations of a 50 basis point rate cut by the Fed. This limits the attempted recovery of the US Dollar (USD) and supports the precious metal, although buyers seem reluctant to place aggressive bets ahead of key central bank events. Immediate resistance is at the all-time high of $2,590, with a test of the psychological level of $2,600 if surpassed. Acceptance above this level could open the door to the next target of $2,650. On the other hand, if the Fed disappoints market expectations for a more accommodative stance, gold could face a fresh wave of selling. In that case, the price could drop towards $2,532 and $2,500. The Fed's decision on Wednesday represents a crucial point for the future direction of gold. Markets currently estimate a 65% probability of a 50 basis point rate cut, and the weakness of the US Dollar could continue to provide fundamental support for gold. However, if the Fed opts for a more moderate 25 basis point cut, the dollar could see an immediate upward reaction. More important than the decision itself will be the Fed’s communication, including Jerome Powell's words and the Dot Plot, which will provide guidance on future policy.
EURUSDLooking at this Eurusd chart, I see that the money pair is showing signs of continuing to move in the uptrend. The current price is trading around 1,11231, and there are a few important factors that we need to consider.
Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this area. This is also an area coinciding with EMA 34 and 89, creating more solid support for the price.
Secondly, the rising trend is still being kept, and if the EURUSD can surpass the resistance level in the area marked by the red arrow, the higher the price will reach new high levels, even surpasses Through the threshold of 1,12000.
However, I also did not rule out the possibility of a short -term adjustment. If the price cannot break the current resistance and decreases, the yellow support area will play an important role again. If this region is broken, a deeper decrease may occur, returning to the price area around 1,10384 or further to 1,09434.
The best scenario that we are watching is the price will continue to rise, especially if we see the signal clearly breaks from the resistance threshold and set a higher peak. But, I will still be careful with any signs of reversal in the current resistance area.
I wish you successful transactions and earn a lot of profits from this strategy!
EURUSD H1 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.1132, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 1.1103, a pullback support level.
The stop loss will be at 1.1150, a swing-high resistance level.
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#EURUSD - 18092024Yesterday, EURUSD made a small down move to the mid of PZ, rallied higher but faltered and moved back to close near the lows. However it has opened and moved higher. DXY formed a bullish daily candle, probably due to the sell off in GBPUSD. DXY is now at 100.85; IMO, I do see further upside for DXY here; thus a possible move is for DXY to go to 101.2, to find rejection before a move lower.
Thus EURUSD, now at PZ, could see a rejection for a move lower first, finding a bottom before a move higher. Looking at a price target to 1.1072 with a possible long off 1.1060/72.
Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.1075
Why we like it:
There is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss: 1.1025
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.1139
Why we like it:
There is a pullback resistance level.
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EURUSD: Will Start Falling! Here is Why:
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Usdjpy 1:3 risk reward ratio done i share this idea in previous.Usdjpy 1:3 risk reward ratio done i share this idea in previous. i take a trade in this pair and booked some profit
i didn't reccomend any to take my trade because if my analyze goes in my favour then people like and if my TRADE IDEA GO AGAINST then some people say - if you don't know hoe to trade then why you post it , that's why i'm not going to share any trade that anyone can enter on trade and blame me .....
EURUSD: Local Correction Ahead! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.11455
Wish you good luck in trading to you all!
EUR/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/USD right now from the resistance line above with the target of 1.095 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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EUR USD UpdateThe dollar has been starting to movei downward , forming large bearish candles. Our current trade has been running low since last week. We're now adding to the position and scalping it down on any minor bullish bull backs . Let's see if we can reach the range low. I've previously shared a green box in my past posts to visually indicate the target area I'm aiming for. I'll continue updating.
EURUSD - Technical Analysis [Short Setup]🔹 EURUSD Analysis on 1HR chart
- The current Trend is BULLISH
- there is Bearish divergences
-Rising Wedge reversal pattern is form
🔹 Trade Plan
- Entry Level = 0.67295
- Stop Loss = 1.11500
- TP1 = 1.11030
- TP2 = 1.10790
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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EURUSD / Bullish Movement or Correction before FED Rate EURUSD
The EUR/USD chart shows the price currently trading near the pivot line at 1.11293. The potential next direction suggests a bullish movement if the price successfully breaks and closes above the pivot line, aiming for the resistance level at 1.11947 and potentially higher towards 1.12403.
If the price fails to break above the pivot line, it may retest and move back toward the support level at 1.10750, This level acts as a key support, indicating a potential bearish correction if breached.
Key Levels:
Pivot Line: 1.11293
Resistance: 1.11947, 1.12403
Support: 1.10750, 1.10001
Trend:
Uptrend while above 1.1129
#Usdjpy trade Idea , i'm looking for long if price go upUsdjpy trade Idea , i'm looking for long if price go up to the resistance level and retest as a support
this is only trade idea. market isn't sure 100% as you know
EURUSD BULLISH SETUPOn the daily timeframe, the EUR/USD price has reversed once again toward the resistance zone from the key highlighted level. Additionally, we see that on the daily timeframe, the price confirmed a bullish breakout from the bull flag pattern. This breakout has the potential to drive the price upward toward the next resistance level near 1.1245.
