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Eurusdforecast

EURUSD Daily Technical Analysis for 20th July The resistance level at 1.0270 is still holding the bulls at bay and the pair is consolidating just below this zone. A confirmed breach of the mentioned key resistance would pave the way for the pair towards the next key resistance zone at 1.0383. However, a development of a short-term consolidation in the range of 1.0180 – 1.0270 is a highly possible scenario, before the bulls could attempt to take control and lead the pair above the resistance at 1.0270. On the other hand
Long
by filatovarthur
EURUSD | Perspective for the new weekUnlike the US economy, this week is packed with economic data that has the potential of driving the momentum of the Euro. From a technical perspective, I have identified simple structures on the 4H timeframe that will be of major assistance in helping us prepare ourselves for trading opportunities lining up for us this week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
EURUSD - Be careful for this week! ☼EURUSD - Be careful for this week! Hey no week ahead video this week. However, pay special attention this week we have ECB now imo it's the fact if they Hike, if they do you'll see bullish short term momentum towards upside. However, the amount doesn't matter because even if they do hike, most of EU countries are suffering when it comes to data front and of course inflationary factors which is global struggle but to mix it up a little the cherry on the top for the EU is Nord stream, its suppose to be turned back on this week and now if it doesn't and we get no rate hike expect the euro to weaken further, re-test areas of 2002-2000 areas go towards LT for that. Now that's this week review on what could happen to EUR and lastly PMIs. However, I'm not done yet - we have FOMC when that day comes CPI high the consumer sentiment high, the data front is bullish as well as retail sales it isn't bad data allowing FEDs having further room they could hike rates further, and of course we all know 75 basis point yes euro declines etc precious metals struggle you get the picture right but there was a moment of the market pricing in 100! Personally, I think yeah sure they could I think it's a little overboard but would be interesting as we have BOC do a nice surprise of that and that was brilliant price action. Now, I get it if they hike do not forget to look at EM currencies etc. There so many pairs including pairs like EURMXN, EURCAD & many others that have great opportunities. I personally won't be around to trade this week but I will be keeping an eye on the market. ☼ Have a great week ahead and trade safe! ☼ TJ
by Trade_Journal