Get started

Eurusdforecast

EUR/USD: Calm before the interest rate stormThe central banks of the most traded currency pair are both making very important interest rate decisions this week in quick succession. On Thursday (8.00am NZDT) the US Federal Reserve will deliver its final interest rate decision for the year. Less than 24 hours later, the European Central Bank will deliver its own decision. What these decisions will be, especially in the case of the US Federal Reserve, are not agreed upon by the market. In the US, Fed policymakers are expected to raise rates by 50 basis points following four consecutive 75 bps hikes, although a 25-basis-points hike is also a possibility that has been thrown around lately. Boosting the chance of a smaller-than-expected rate hike is The NY Federal Reserve recent survey which showed consumers are growing more optimistic about inflation. Consumers see one-year inflation at 5.2%, down 0.7 percentage points from the October reading. On Tuesday, we get the real figure though, with November’s inflation YoY rate due at 2.30am. This data point will likely be one of the biggest factors contributing to the Fed decision on Thursday, and consequently, the direction of the EUR/USD. In Europe, markets are expecting a 50bps hike, following two straight 75bps rate increases. Looking at the daily chart, the EUR/USD has printed consecutive higher highs for the last three months. With the help of the ‘Investing Zones’ indicator, we can try to illuminate the current trend for the EUR/USD, and whether the trend is strong enough to break crucial levels. Ultimately the goal of this indicator is to suggest buy or sell zones, depending on the trend of the market. Looking closely, we can see that the Investing Zones' Alma Trend Ribbon (blue for uptrend and pink for downtrend) is boldly blue, indicating the strength of the current uptrend. The trend’s strength rating is also determined by how far the price is above or below the Alma Trend Ribbon. In this case, the EUR/USD price is comfortably above the Alma Trend. This idea is also supported by the price hovering in the green zone, which suggests buyers are the primary bias affecting this pair at this point. Interestingly, after the price entered the green zone and the Alma Trend switched to blue, the price reached the first resistance level marked by the black dotted line. This supports the idea that the 1.0600 is a crucial price level that must be broken first for the uptrend to continue. If the price breaks and closes above the black dotted line, the upper band of the indicator at around 1.1000, might be set as a new target level.
by BlackBull_Markets
EURUSD Weekly Volatility Analysis 12-16 Dec 2022 EURUSD Weekly Volatility Analysis 12-16 Dec 2022 We can see that currently the implied volatility for this week is around 1.48%, DOWN from 1.53% from last week according to EVZ data With this in mind, currently from ATR point of view we are located in the 1ST percentile, while according to EVZ, we are on 1th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 1.121% movement Bearish: 0.966% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 30% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 1.069 BOT: 1.037 Taking into consideration the previous weekly high/low, currently for this candle there is : 71% probability we are going to touch previous high 1.059 30% probability we are going to touch previous low 1.044 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 26% BULLISH trend from the moving averages index Daily timeframe indicates 93% BULLISH trend from the moving averages index 4H timeframe indicates 80% BULLISH trend from the moving averages index
by exlux
9
EURUSD - Expect bearish price action ✅Hello traders! ‼️ This is my analysis of EURUSD. As I said in my previous analysis, I expect bearish price action as price is in daily bearish orderblock, but from lower timeframe perspective I will look for this pattern to occur, firstly price to broke the structure and then to make a retracement. ‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated. Like, comment, and subscribe to be in touch with my content!
Short
by Snick3rSD
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation has changed. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So stay tuned for FED UPDATES. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0290 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.0905 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
EurUsd- Top in place and final of correction?Since the low from September at 0.95, EurUsd had a pretty good run, with the pair gaining 1k pips which translates into 10%. However, as I draw attention in my past posts, this is a correction to the overall trend with both technicals and macro fundamentals still intact and not sustaining a strong Eur in the near future. The recent top was very near a very strong and important resistance that lies between 1.07 and 1.08 and although we didn't touch that zone, the pair could have topped. At the time of writing EurUsd is trading exactly on support and a break here would confirm a false up break of the triangle and call for further losses. Considering the 1.06 top, traders should look to sell rallies in search of good R: R considering 1.0250 as the target.
Short
by Mihai_Iacob
14