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Eurusdidea

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 & GBPUSD: Rate hikes are urgently neededThe publication of the August PMIs for the United Kingdom and the Eurozone affirms an ongoing economic slowdown in Europe. The UK Manufacturing PMI fell to 46 from 52.1 in July, indicating the first contraction in factory activity since May 2020 and well below expectations of 51.1. In Germany, we saw a particularly weak Services PMI at 48.2 down from 49.7 and below expectations of 49. Worsening economic and trade fundamentals, deep-negative real interest rates, looming recessions, and additional inflationary risks are all contributing to the steady decline of the euro ( EUR/USD ) and the pound ( GBP/USD ). The European gas crisis has further accelerated currency movements in recent weeks, with Dutch TTF prices and UK gas prices ( NBP ) trading 8 and 6 times higher than US natural gas prices, respectively. This creates a substantial competitive disadvantage for European and British companies and exerts downward pressure on the euro-dollar and pound-dollar exchange rates. Trade flows won't reverse soon because Europe desperately needs to import more LNG from abroad to make up for Russian shortfalls. Instead, significantly speculative financial flows could be curbed through higher interest rates. Real interest rates in the Eurozone ( EUINTR - EUIRYY ) and the United Kingdom ( GBINTR - GBIRYY ) are currently at record lows of -8.4% and 8.85%, respectively. For a currency hoping to stave off a precipitous devaluation, this is not an encouraging calling card. With inflation in the UK and the Eurozone predicted to run well double digits in the coming months, the only way to stop the continued depreciation of the euro and the pound is for central banks to announce aggressive interest rate hikes (or even an emergency hike ahead of scheduled meetings in September) regardless of the adverse economic effects. The ECB and the BoE have a long way to go in their hiking journey. The risk of not doing so now would have far-reaching long-term consequences. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom
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
⭕Best BUY & SELL areas EURUSD 💣🔰You can see the analysis of euros in US dollars in a two-hour time frame (EURUSD _ 2H)🔍🧐 ✴️As is evident from the image, the price is moving in a descending parallel channel (black🖤 channel). After breaking the bullish parallel channel (purple💜 color) in the main bearish parallel channel (black🖤 color) the price has fallen to the DEMAND💛 range. The price can rise up to its SUPPLY💛 range as specified in the picture❗❗ However, if it breaks the DEMAND💛 range downwards, it can descend to the bottom line of the downtrend channel and the 1.618 Fibonacci retracement range (orange🧡) drawn from the A_B point❗🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET