Euro Futures SupportAccording to the latest sentiment analysis data open source, the bullish sentiment on the Euro remains strong. The data shows that the number of short traders are more than long traders which mostly leads for furher upmove.
Option Trades Sentiment
Option trades sentiment is another important factor to consider when making trading decisions for us. Based on the latest option trade analysis data from CME exchange, option trades data on the Euro is also bullish. The baseline is that naked puts can be easily convert in to syntetic long positions.
Options traders commonly use this technique due to the leverage effect in options trading. Buying activity at this level can have a significant impact.
However, the presence of strong support does not guarantee that quotes will head towards this level. Growth may continue without a break.
Eurusdlong
EURUSD LONG SELLEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles
confirm chart sell
Euro stabilizes, ECB starts talking rate cutsThe euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%.
The European Central Bank maintained the deposit rate at 4.0% for a fourth straight time at last week’s meeting. It looks like rates have peaked but the ECB has been reluctant to signal that it is contemplating cutting rates, although the markets have priced in a first rate cut in the summer.
The ECB remains concerned about lowering rates too early and then having to zigzag on policy and raise rates if inflation starts to rise. The battle to bring eurozone inflation down to the 2% target is going well but remains unfinished, with headline inflation at 2.6% and core inflation at 3.1%.
For months, ECB policy makers have been stating that there is no rush to lower rates and warned that inflation remains a key concern. However, the winds appear to be shifting, as two ECB Governing Council members openly called for rate cuts this week.
Yammos Stournaras, head of Greece’s central bank, said that “we need to start cutting rates soon” and urged two cuts before the summer break and four during the year. Stournaras added that his stance was in line with market expectations. Olli Rehn, Governor of the Bank of Finland, said earlier on Friday that if inflation continued to drop sustainably towards the 2% target, then the ECB could slowly lower loosen policy “close to the summer”.
These comments from two senior ECB officials are a marked departure from the message the ECB has been sending and we can expect other senior officials to reiterate this dovish stance. This will likely put pressure on the euro, as lower interest rates will make the euro less attractive to investors.
EUR/USD is putting pressure on resistance on 1.0907. Above, there is resistance at 1.0932
1.0858 and 1.0833 are providing support
EURUSD I Intraday long opportunity from support zone Welcome back! Let me know your thoughts in the comments!
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EURUSD: The USD remained stable as the market waited for US dataThe USD remained strong because the marketplace waited for US records
In forex markets these days, americaA greenback confirmed little volatility as buyers awaited the discharge of extra financial records from america to gauge the capacity route of Federal Reserve coverage state.
After the discharge of a higher-than-anticipated US patron fee index (CPI) on Tuesday, there have been clean worries approximately chronic inflation, inflicting investors to rethink whether or not the Fed will begin slicing hobby fees. potential in June as formerly expected or not.
The opportunity of an hobby price reduce in June is now taken into consideration a 65% chance, down barely from the 71% possibility in advance this week, in keeping with LSEG`s hobby price possibility application. Expectations for an hobby price reduce in July continue to be excessive at round 83%. The Fed is anticipated to hold hobby fees at its assembly subsequent week, however the awareness may be at the critical bank's up to date financial forecasts.
Kyle Rodda, a senior monetary markets analyst at Capital.com, cited that at the same time as latest records has barely modified hobby price expectations, the consensus has been for 3 price cuts for the year. now. He delivered that a greater hawkish stance from the Fed ought to lessen this expectation to 2 price cuts and push the primary reduce to September, strengthening americaA greenback.
The greenback index, a degree of the greenback's electricity towards a basket of six currencies, changed into distinctly unchanged at 102.77. Investors are carefully looking US retail income records, the manufacturer fee index (PPI) and the unemployment claims document due out later these days for in addition symptoms and symptoms of weakness. financial recession.
In Europe, the euro changed into consistent towards the greenback at $1.0949, with marketplace members awaiting remarks from European Central Bank officials.
EURUSD: Potential ABC Pattern in short TermFrom a technical point of view, the pair could trigger a technical bounce following a potential ABC Pattern as shown on the chart. Having said that, at the moment the trend is bearish, but as long as the Price Actio remains above the previous low a bullish corrective structure should appear in the short term. Target around 1.10 area.
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EURUSD - Long opportunity ✅Hello traders!
‼️ This is my perspective on EURUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.09000.
Fundamental news: Upcoming week on Tuesday we will see results of monthly and yearly CPI on USA. News with high impact on USD
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EURUSD - March 11, 2024Price is not well price here at 1.09410 and even though this might not be the best setup, try to manage risk if entering. Look for how price will react to the demand zones below.
I see 1.09100 as a liquidity zone and i am looking out for price to come in here and give a confirmation entry at the 1.08770 zone.
eurusd sell longEUR/USD targets 1.1000 on weaker Dollar post-Payrolls
EUR/USD picks up extra upside traction and opens the door to a potential test of the psychologial 1.1000 hurdle on the back of increased selling pressure in the Greenback following February's Non-farm Payrolls (+275K).
1.0960 (Fibonacci 61.8% retracement of the latest downtrend) aligns as first resistance for EUR/USD ahead of 1.1000 (psychological level, static level) and 1.1035 (Fibonacci 78.6% retracement).
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
confirm signal
EURUSD BEAUTIFUL TRADE hello guys .
after DXY dollar index fall last week eurusd started a beautiful bullish impulse that broke several key levels and pd arrays .
am expecting this week to be another green candle targeting last week high as a first target but since Friday candle closed as an inversed hammer am expecting Monday to be bearish and give us pullback towards the poi where a lot of chart elements and pd arrays overlap.
EUR USD sell EUR/USD picks up extra upside traction and opens the door to a potential test of the psychologial 1.1000 hurdle on the back of increased selling pressure in the Greenback following February's Non-farm Payrolls (+275K).
EUR/USD targets 1.1000 on weaker Dollar post-Payrolls
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
Confirm signal
EU HAS MORE UPSIDE LEFT? (Longs from 1.09000)My bias for EUR/USD this week aligns with a potential upside movement, mirroring Scenario (A) in my analysis of GU. While I anticipate eventual selling pressure, there's currently no clean unmitigated supply zone that catches my interest. Instead, I foresee a retracement to the 10-hour demand zone for a potential buy opportunity, aligning with the current upward trend.
During this pullback, I expect price to re-accumulate within the zone, providing an opportunity for buying positions targeting either the equal highs or the imbalance above. However, my focus for this week revolves around identifying buying opportunities, considering the anticipated drop in price for future opportunities.
My confluences for EU Buys are as follows:
- Price has been moving bullish recently reinforcing this idea with recent break of structure.
- DXY has been moving very bearish recently supporting this idea.
- Clean 10hr demand zone left that has caused BOS, expect it to continue the trend.
- Daily imbalance above that needs to get filled.
- Lots of liquidity to the upside like equal highs and trend lines.
P.S. I wouldn't be surprised if price keeps surging from my demand zone, situated at a psychological key level, and proceeds to rally up to mitigate the significant 20-hour supply zone. This is where I anticipate the next significant downturn to occur.
Have a great trading week and watch out for this Tuesday's & Thursday's news events!
EURUSD BUYas we have seen a good move in EURUSD and it has taken a fly high after NFP brought in so we will be seeing a drop to this volume candle retracement and we will be buying this pair after it completes 68% or 78% retracment to this level and we will be intrested in buying this pair as this pair is also moving in a parallel channel so it seems like it will continue going upward this time too