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Eurusdforecast

London Money GrabThe Forex Market weaves a beautiful narrative all about MONEY DAILY! The narrative for this set up simply goes like this: 11 AM pretty much ends the London Se$$ION. At the end of each day we all like to leave compensated for a job well done. The Forex market trading Sessions are no different except they deal in Billions and Trillions of Dollars. By simply identifying the BIAS on the Higher TFs on the asset you are trading you can gauge which way this Grab will go. Today is a down day on EURUSD. In confluence with the DXY which has taking off like one of Elon Musk Rockets:) (But always be careful with his rockets some of them are proven not to make the distance LOL) I digressed... As always Never Over Leverage* Trust your trade set up* Have Fun! I AM PRO TRADING MADE SIMPLE I AM ALSO THE SENSI AND MASTER JEDI TRADER of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
4
EurUsd- Where to sell?After the break under parity and the drop to 20y low at 0.99, EurUsd has found some power, and yesterday has spiked above parity. This rise proved to be short-lived and now the pair is trading at 0.9943 (time of writing). The trend remains immensely bearish and the best and less risky approach for traders is to sell rallies. A new spike up could offer such an opportunity and my sell zone is between 1.0050 and 1.01. My target for swing trades remains 0.97 and a daily close above 1.01 would delay this scenario
Short
by Mihai_Iacob
27
Have the bulls arrived in EUR/USD? A detailed analysisEUR/USD is in a continuous downtrend since last year. And since February this year, EUR/USD is moving back and forth in a downward channel as you can see in the chart. The downward channel is defined by clear upper and lower trend lines which as acting as resistance and support respectively. Yesterday, we saw a bullish candlestick in the daily chart at the previous low, which might be of significance. Price may rally towards the 1.0250 level if the minor support holds. However, there is also a likelihood that price may break this minor support and drop towards 0.9670 and then rebound to 1.02. Traders must consider both these scenarios before placing their orders. If you are trying to buy now, buy as close to the 0.99 level and use a stop loss to keep your risk low.
by YourLazyTrader
2
EurUsd- Don't be fooled by the rebound!I'm bearish EurUsd and also in my yesterday's comment I draw attention to the high probability of a drop under parity. Indeed, we had this drop and now the pair is hovering around 0.99. Of course, a rebound is possible and probable from this point on, but don't confuse this with a genuine reversal. Instead, use this correction for opening short trades and join this grossly bearish trend. In my opinion rallies towards parity and slightly above should be sold and only EurUsd back above 1.01 would delay this bearish scenario. Even is hard to believe for some, we should get used to a stronger USD for the medium to longer term.
Short
by Mihai_Iacob
20
EURUSD analysis: Gas price differences matter more than everEUR/USD fell below parity once again today CAPITALCOM:EURUSD , but this time the reason is more complex than a divergence in Fed-ECB interest rate policy. Recent price differences for natural gas between Europe and the US have become a key factor for the euro's decline, even more than 2-year Germany-US yield differentials. As Dutch TTF prices reached new record highs in the wake of the most recent disruptions to Nord Stream, the US Henry Hub natural gas discount to the European Dutch TTF widened to a record $63/MMBtu ( NYMEX:THD1! ). European gas prices are currently 7 times higher than US gas prices. In addition to maintaining higher inflation for longer, Europe's skyrocketing gas prices harm the relative competitiveness of European businesses and household spending power in comparison to the United States.. The Bundesbank says that a recession in Germany is now much more likely and Germany's inflation could reach over 10%, which would be the highest since World War II. If the price discount of the US Henry Hub to the Dutch TTF ( NYMEX:THD1! ) were to increase further, this could create further greater downward pressure on the EUR/USD pair. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom
1
EurUsd- Under parity soon, to stay this time...If you've read my past analysis you know that I'm strongly bearish EurUsd and I draw attention multiple times to 1.03 zone resistance. As we can see from the posted chart, after breaking above recent consolidation, the pair touched resistance and reversed violently. At the time of writing EurUsd is trading almost in parity again and I expect a new drop under this important level. 1.01 offers good resistance now and rallies towards that zone should be sold. 0.97 is a reasonable target for swing traders
Short
by Mihai_Iacob
63